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Finance committee approves $12,500 redevelopment grant for First Street property
Summary
The finance committee approved a $12,500 redevelopment incentive grant for a First Street property after brief discussion about building condition and bids; the application listed 521 First Street while the motion referenced 5201 First Street, an inconsistency recorded in the committee record.
The finance committee voted to approve a $12,500 redevelopment incentive grant for a First Street property during its meeting. The application was presented as a request from Jin Kang Jang seeking program assistance for premises listed in the request as 521 First Street.
Committee members discussed the condition of the building, noting visible deterioration of the brick veneer and referring to two contractor bids on the project. A motion to approve the grant was made by Alderman Deus and seconded by Alvin Thompson; the motion carried on a roll call in which attending members responded in the affirmative and the chair announced the motion carried.
The application packet included two bids, and committee members said the packet contained the lower of those bids; members expressed general support for the owner’s effort to do repairs. Committee discussion also indicated the property may have recently changed hands within a family and that employees of the business live nearby.
The committee record contains an address discrepancy: the staff introduction and application materials identify the location as 521 First Street, while the motion as read aloud referenced 5201 First Street. That inconsistency is noted in committee minutes and should be clarified in the official file before any disbursement.
Outcome: motion approved (motion by Alderman Deus; second by Alvin Thompson). The exact disbursement timeline and payment conditions were not specified in the discussion recorded in the transcript. The committee did not state any amendments or conditions on the award during the meeting.
