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CRA approves $50,000 0% loan to replace windows at 614 Main Street
Summary
The Daytona Beach CRA approved a resolution to expend up to $50,000 in Main Street tax increment funds as a 0% interest commercial improvement loan for window replacement at 614 Main Street and authorized the mayor to execute the documents.
The Daytona Beach Community Redevelopment Agency approved a resolution (Item 6a) authorizing the expenditure of up to $50,000 in tax increment funds from the Main Street redevelopment area to replace windows at the building located at 614 Main Street using the CRA’s 0% interest commercial improvement incentive loan program.
The resolution authorizes the mayor, in his capacity as CRA chair, to execute documents necessary to disburse the funds, and it passed on a voice vote recorded in the minutes as carried (motion carries 6–0). Staff reported there were no public speakers on the item.
