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Village to prepare $11,000 capital assistance grant for Metra-station coffee shop; build-out contingent on Metra approval
Summary
Board instructed staff to draft an agreement for an $11,000 Business Capital Assistance Program grant to Bruneaus Restaurant Concepts, LLC for a coffee shop at the Metra station; build-out expenses were removed pending Metra approval.
The Fox River Grove Village Board directed staff to prepare a Business Capital Assistance Program agreement for Bruneaus Restaurant Concepts, LLC on July 6, with the village administrator authorized to execute an $11,000 grant if formal approval is returned at a subsequent meeting.
Assistant Administrator Bechler presented a request from David Joseph for $15,000 to assist start-up expenses for a coffee shop at the Metra station but said the build-out portion of the request was removed because Metra approval had not yet been obtained. The board reached consensus for staff to prepare an agreement authorizing a grant of $11,000, with half ($5,500) to be paid at month three and the remaining half ($5,500) at month six, and to place the agreement on the next Village Board meeting agenda for formal action.
The minutes indicate the board's direction was to have staff return with an agreement for board approval; the record does not show the board formally voting on the grant at the July 6 meeting.
