Improvement Tax Increment Grant Program (only) in accordance with all applicable policies, requirements to the satisfaction of the City Planner as to content, the City Solicitor as to legal form, and the CFO/City Treasurer as to financial implications;

IV. THAT the CAO and City Clerk BE AUTHORIZED to sign the Grant Agreement(s) in content satisfactory to the City Planner, in financial content to the satisfaction of the City Treasurer and in form satisfactory to the City Solicitor; and

V. THAT grants BE PAID to Marina Juliana and Andrea Rino James Maffessanti upon completion of improvements to the interior retail unit through the capital project 7181046 (The Ford City CIP) and future facade improvements through the reserve fund 156 (Community Facade Improvement Program) to the satisfaction of the City Planner and Chief Building Official.

VI. THAT should the grants not be paid, City Council AUTHORIZE that the funds be uncommitted and made available for other development applications.

Executive Summary:

N/A

Background:

On January 8th, 2018, City Council approved the Building Facade Improvement Program and Urban Design Guidelines for Main Streets Community Improvement Plan (CIP) (CR9/2018 PHED 533) adopted through By-law 26-2018.

On November 19, 2018, City Council approved the Ford City Community Improvement Area and Ford City Community Improvement Plan (CIP) (CR625/2018 PHED 603) adopted through by-laws 171-2018 and 172-2018. These By-laws came into effect in January of 2019. In addition, on November 19, 2018, City Council activated the following financial incentive programs from the Ford City CIP:

On January 28,th 2019 Marina Juliana and Andrea Rino James Maffessanti, owners of the property located at 1053-1055 Drouillard Road, submitted an application for grants under the Ford City CIP Financial Incentive Programs and the Building Facade