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Council approves $25,000 Pioneer Grant for Timekeeper—s House cafe
Summary
The NorthlakeTown Council approved a $25,000 EDC/CDC Pioneer Grant for Timekeeper—s House, a proposed cafe and bubble-tea restaurant. Applicant David Norman described projected sales and use of funds for kitchen equipment; staff vetted revenue estimates with Zactax before recommending approval (vote 6— 1).
The council approved a $25,000 Pioneer Grant for Timekeeper—s House, a proposed cafe and bubble-tea restaurant planned near Northlake Crossing.
Applicant David Norman described a 3,000-square-foot space with indoor/outdoor seating, a menu of specialty drinks and Vietnamese-style sandwiches, and partnerships for training and food supply. He said staff would use the $25,000 grant for kitchen equipment including ventilation and a fryer. Norman told council the sales estimates were derived using Placer AI and conservative assumptions (about 2,500 customers per month with an average order around $19) and staff said they had vetted the application using a Zactax sales-analysis service.
Council members asked about business plans, sales assumptions and clawback provisions in the grant program. EDC/CDC staff explained the program offers several award structures (forgivable loans, upfront grants tied to occupancy and sales-tax rebates) and includes clawback language if a business fails before the end of a multi-year period. Council approved the grant in a vote recorded as 6—2.
What happens next: the grantee may receive the award after certificate of occupancy and staff will monitor performance per EDC/CDC program conditions.
