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EDC delays award decision on $41,000 BEAR grant application for AMRSI Properties, board asks for artist rendering and process review
Summary
The board discussed a BEAR grant request from AMRSI Properties for a new electronic marquee and agreed to postpone awarding the requested funds so the applicant can provide an artist’s rendering; members also debated whether the three-person BEAR committee should retain approval authority or if the full board should review future applications.
The Santa Fe Economic Development Corporation on March 25 deferred action on a BEAR grant application from AMRSI Properties (13031 Highway 6) after board members asked for an artist’s rendering of the proposed $41,000 sign and raised questions about the program’s review process.
Board members said the proposal — described by staff as a multi-tenant electronic marquee and sign for a strip center — had not included an illustration in the packet. Several…
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