Minutes City Council Monday, January 06, 2020

Page 19 of 30

Report Number: SCM 477/2019 & S 228/2019 Clerk's File: Z/12916

8.22. Ford City CIP Grant Applications-1053 to 1055 Drouillard Road

Moved by: Councillor McKenzie Seconded by: Councillor Morrison

Decision Number: CR25/2020 DHSC 123

I. That, the request for incentives under the Ford City CIP Financial Incentive Programs made by Marina Juliana and Andrea Rino James Maffessanti, owners of the property located at 1053-1055 Drouillard Road BE APPROVED, for the following incentive programs:

• i. Retail Investment Grant in the amount of $15,000;
• ii. Municipal Development Fees Grant to a maximum amount of $2,000 for exterior improvements;
• iii. Building/Property Improvement Tax Increment Grant Program for 100% of the municipal portion of the tax increment for up to 10 years (amount to be determined);

II. That, subject to completion and review satisfactory to the City Planner, the request made by Marina Juliana and Andrea Rino James Maffessanti, owner of the property located at 10531055 Drouillard Road, BE APPROVED for grants totalling a maximum of $30,000 in principle under the Building Facade Improvement Program and Urban Design Guidelines for Main Streets Community Improvement Plan;

III. That should the renovations result in an increased assessment which would make this application eligible for a property tax increment grant, Administration BE DIRECTED to prepare the agreement between the City and Marina Juliana and Andrea Rino James Maffessanti to implement the Building/Property 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.