US HIGHWAY 441/27
COMMUNITY REDEVELOPMENT AGENCY
Staff recommends supporting the adoption of a Commercial and Industrial Property Matching Sign Grant Program to encourage early replacement of non-conforming ground/freestanding signs through the ordinance amendment to the Code of Ordinances Chapter 2, Article IV, Division 10, Section 2-168.
The Community Redevelopment Agency for the U.S. Highway 441 & 27 Area believes that a Commercial and Industrial Property Matching Sign Grant Program will further the purpose of the CRA by providing matching funds on a percentage basis for replacement of ground/freestanding signs to match property owners funds to pay for sign improvements/replacement will enhance and promote the goals of the CRA Funds could be appropriated annually in the CRA budget, with funding for the program will be available on a first come first serve basis. The program will be subject to the availability of CRA funds annually.
Signage will be required to be designed, constructed and maintained to compliment and accent the architectural features of the primary building they serve. Subject to guidelines for the awards, successful applicants may receive amounts up to a maximum percentage award of $ 8,000 based on the approved reimbursement schedule. Applicants will have one year to complete the project or the grant award will expire. Only after the project is completed and all associated costs have been paid, will the applicants receive grant funding reimbursement.
1. Adopt the resolution recommending to the City Commission adoption of a Matching Sign Grant Program pursuant to the attached ordinance; or
2. Such alternative action as the Commission may deem appropriate
CRA’s are designed to have their funds spent as early as possible in the life of the CRA, in order to maximize the self-perpetuating nature of Tax Increment Financing. Funding of this program is subject to annual appropriation and is not an obligation of the CRA or the City. The recommended first year appropriation is recommended to be $150,000 and will come from available fund balance (budget amendment under separate cover).
Department: Community Development
Prepared by: Bill Wiley, AICP
Attachments: Yes__X_ No ______
Advertised: ____Not Required ______
Attorney Review : Yes_X_ No ____
Reviewed by: Dept. Head __BW_____
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _018-6191-559.82-11__
Project No. ____CRASIG_______
WF No. ______________________
RESOLUTION NO. _____
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY FOR THE U.S. HIGHWAY 441 & 27 AREA (THE “AGENCY”), RECOMMENDING TO THE CITY COMMISSION ADOPTION OF A MATCHING SIGN GRANT PROGRAM TO ENCOURAGE EARLY REPLACEMENT OF NON-CONFORMING GROUND/FREESTANDING SIGNS; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Community Redevelopment Agency for the U.S. Highway 441 & 27 Area (hereafter referred to as the “Agency”), was formed to facilitate the redevelopment of the Community Redevelopment Area (the “Area”) designated as such along U.S. Highway 441 and U.S. Highway 27 in the City of Leesburg, Florida, and
WHEREAS, the Governing Board of the Agency finds that it is in the best interests of the Agency to recommend to the City Commission adoption of a Matching Sign Grant Program to encourage early replacement of non-conforming ground/freestanding signs along U.S. Highway 441 and U.S. Highway 27 in the City of Leesburg, Florida., and
WHEREAS, the Governing Board has determined that adoption of a Matching Sign Grant Program would fulfill the purposes intended by the Agency as stated above,
NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF THE COMMUNITY REDEVELOPMENT AGENCY FOR THE U.S. HIGHWAY 441 & 27 AREA:
THAT a resolution recommending to the City Commission the adoption of a Matching Sign Grant Program pursuant to the attached ordinance to encourage early replacement of non-conforming ground/freestanding signs along U.S. Highway 441 and U.S. Highway 27 would fulfill the purposes intended by the Agency.
BE IT FURTHER RESOLVED that this Resolution shall take effect at once upon its passage and adoption by the Governing Board at a duly noticed public meeting.
PASSED AND ADOPTED on the 24th day of May, 2010
COMMUNITY REDEVELOPMENT AGENCY
FOR THE U.S. HIGHWAY 441 & 27 AREA
APPROVED AS TO FORM