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Council approves $4,908.75 downtown revitalization reimbursement to Price Cream
Summary
City staff recommended and the council approved payment of $4,908.75 to Price Cream under the downtown revitalization program; staff reported roughly $250,000 of program funds remain for allocation before May 2026.
The City Council approved reimbursement to Price Cream for work under the downtown revitalization program, authorizing payment of $4,908.75 at the Oct. 14 meeting.
Interim city staff said the reimbursement represents 75% of eligible costs for interior drywall and related work submitted by Price Cream. Staff reported approximately $250,000 remains available for downtown revitalization allocations before May 2026, and that the city is coordinating with Panhandle Area Development District (PADD) and consultant E3 to identify additional local businesses that may apply for grants.
Staff said they expect to use roughly $200,000 of the remaining funds in coordination with PADD and local applicants already in process; the remaining $50,000 will be actively marketed to additional downtown property owners. The council approved the reimbursement by voice vote after a motion and second.
Councilmembers asked how the program is administered; staff said PADD handles grant approvals and the city processes reimbursements after PADD releases funds. The city’s economic-development staff and consultants are assisting local businesses with applications and will bring reimbursement requests to council as they are submitted.
The council also heard that the downtown historic preservation board has been reviewing prior awards and that some projects allow stacking of multiple local and federal funding sources to support building rehabilitation.
