towards eligible costs pursuant to the Downtown Windsor Enhancement Strategy and Community Improvement Plan.
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III. THAT Administration BE DIRECTED to prepare the agreements between the City and St. Clair Rhodes Development Corp. and 2637283 Ontario Inc. (Owners) to implement the Building/Property Improvement Tax Increment Grant Program in accordance with all applicable policies, requirements, and provisions contained within the Downtown Windsor Enhancement Strategy and Community Improvement Plan 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.
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IV. THAT the CAO and City Clerk BE AUTHORIZED to sign the Grant Agreements.
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V. THAT the grant under the Commercial/Mixed Use Building Facade Improvement Grant Program for 119 Chatham Street and 149 Chatham Street BE PAID to St. Clair Rhodes Development Corp. and 2637283 Ontario Inc. upon completion of the facade improvements as shown in Appendix B to Report S233/2019 within one (1) year of Council approval subject to the satisfaction of the City Planner and Chief Building Official. Grant funds to come from the City Centre Community Development Planning Fund (Project #7011022).
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VI. THAT should the facade improvements not be completed in one (1) year, City Council AUTHORIZE that the funds be uncommitted and made available for other applications.
Executive Summary:
N/A
Background:
The Downtown Windsor Enhancement Strategy and Community Improvement Plan (Downtown CIP) was adopted by City Council on September 29, 2017 and an adopting by-law was passed by City Council on October 16, 2017.
The Downtown CIP provides financial incentives to encourage new residential development, retail investment, facade improvements, and building/property improvements.St. Clair Rhodes Development Corp. has applied for the Building/Property Improvement Tax Increment Grant Program and Commercial/Mixed Use Building Facade Improvement Grant Program under the Downtown CIP for the properties located at 119-149 Chatham Street (as shown on Appendix A).
The existing five (5) storey building at 119 Chatham Street contains ground floor commercial and four (4) storeys of existing residential apartments. The existing two (2) storey building at 149 Chatham Street contains ground floor commercial and one storey of existing residential. The ground floor commercial of both buildings was renovated to for Windsor Essex Economic Development Corporation offices. The owner is currently