Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Economic Development topic
No spam. Unsubscribe anytime.
CRA approves $50,000 maximum matching grant for Franklin Shops facade repairs
Summary
The Fort Myers CRA approved a Tier 1 commercial property improvement matching grant for Franklin Shops (2201 Hanson Street) to reimburse up to $50,000 toward an estimated $78,461.24 window/glass block replacement project.
The Fort Myers Community Redevelopment Agency voted to approve a Tier 1 commercial property improvement matching grant for the Franklin Shops at 2201 Hanson Street. Staff told the board the project applied for Tier 1 funding (75% reimbursement up to a $50,000 maximum) to replace cloudy and damaged glass block.
"They applied in August, and they applied for tier 1. That's 75% reimbursement up to $50,000," Melanie Long said, noting the lowest contractor estimate was $78,461.24 and that the maximum CRA contribution therefore would be $50,000. The board moved and seconded the item and the motion passed.
A public speaker and commissioners praised the property as a downtown retail anchor and thanked the CRA for prior and current support; the speaker noted a planned ribbon cutting and described the grant as a continuation of earlier investment in the Franklin Shops. No conditions or amendments to the grant terms were reported at the meeting.
This action was recorded during agenda item 3.1 and required a vote; the board approved the grant as presented.
