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Lake City agency directs staff to design business-development grant expanding façade program
Summary
The Lake City Community Redevelopment Agency voted to let staff create a business-development grant that would expand the existing façade program to cover demolition and capital improvements, set a $40,000 commercial grant cap and reallocate roughly $250,000; staff must return with program rules and a scoring rubric.
The Lake City Community Redevelopment Agency voted to let staff develop a new business-development grant program that would expand the city’s existing façade grant to include demolition and broader capital improvements, with commercial awards proposed up to $40,000 and an initial funding pool of about $250,000.
City planning staff said the change is meant to make the long-dormant CRA program more accessible and impactful across downtown and other CRA areas. "Right now...we're looking at doing is increasing the max to up to $40,000, a 100% grant" Richard Benderson, principal planner in the Growth Management Planning Division, told the board, adding the program would allow demolition of dilapidated structures and typical exterior restorations.
The proposal…
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