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HomeMy WebLinkAbout2006-078 - Approval of Gateway Grant and Loan Revitalization Program Application of Edward MooreA .. ~. . BILL N0.2006-78 ORDINANCE N0.2006-78 AN ORDINANCE ADOPTING THE RECOMMENDATION OF THE GATEWAY GRANT AND LOAN REVITALIZATION PROGRAM REVITALIZATION COMMITTEE AND APPROVING THE APPLICATION OF EDWARD MOORE WHEREAS, the Board of Aldermen is charged with protecting the public health, safety and general welfare of the citizens of the City; and WHEREAS, in an attempt to carry out this duty, the City has adopted the Gateway Grant and Loan Revitalization Program (the "Program") as a part of the Gateway Redevelopment Plan, as amended, and the L-385 Levee Redevelopment Plan, as amended; and WHEREAS, the purpose of the Program is to make grants and loans to businesses within certain boundaries so that such businesses may improve their facilities and to facilitate the improvement, revitalization and remediation of blighting conditions within such boundaries; and WHEREAS, a component of the Program requires the City Administrator and City Engineer to review projects for eligibility for grant funding under the Program, and make recommendations to the Board on, applications for such grants made pursuant to the Program; and WHEREAS, Edward Moore ("Applicant") has submitted an application under the Program's Terms and Conditions (the "Application") for a grant to provide funding for an improvement project on property located at 4319 NW Gateway (the "Property"); and WHEREAS, the Property is within the boundaries of that area which has previously been declared blighted by the Riverside Tax Increment Financing Commission and the Board of Aldermen of the City; and the Revitalization Committee have confirmed that one or more blighting conditions do in fact exist at or on the Property; and, WHEREAS, the Revitalization Committee have recommended that the Board of Aldermen approve and accept the Application, NOW, THEREFORE, be it ordained by the Board of Aldermen of the City of Riverside, Missouri, as follows: Section 1. The Board of Aldermen hereby finds that the Property is within a blighted area as that term is defined at RSMo. § 99.800-99.865, and the Board of Aldermen further finds that the specific Property itself would be blighted without the Project. Section 2. The Board of Aldermen hereby finds that the project described in the Application will improve, revitalize and remediate the blighting conditions that exist on the Property and that the Applicant's business on the Property is compatible with the redevelopment goals of the City. Schedule 2 ~. ,. 9 T .. . ,_ ,-~~.~ ,° . . Section 3. The Board of Aldermen hereby adopts the Revitalization Committee's recommendation to approve the Application and does hereby approve and accept the Application with the following stipulations. These stipulations aze that the color schemes used for the fagade of the building be modified and approved by City staff, that the parking lot be striped to allow no pazking in front of the building and that this striping plan be approved by City staff. Section 4. The Board of Aldermen agrees to grant to Applicant five thousand dollars ($4,592.50) on the terms and conditions set forth on the Grant Eligibility Recommendation attached hereto and incorporated herein by this reference. Section 5. The Board of Aldermen hereby directs the City Administrator and Finance Director to fund said grant of five thousand dollazs ($4,592.50) to the in accordance with the terms and conditions of the Program. Section 6. This Ordinance shall become effective immediately upon final passage and approval by the Mayor. Passed this ~~y of 2006. G't~ Ma ATTESTr City Clerk Schedule 2 ~. ... - I _ j ..