BUSINESS ASSISTANCE PLAN: POLYTECHNIQUE ENVIRONMENTAL, INC.
BELLFLOWER CITY COUNCIL AGENDA Item 11-B
June 13, 2022
1 Business Assistance Plan
Approved by City Council on July 10, 2017
Provides loans to business, restaurant, and property owners Improvements to help attract and retain businesses
2 Ch. 3 – Façade Improvements
Offers 66% matching loan for façade improvements
Up to $30,000 in loan funds with owner participation
Additional $3,000 in loan funds available for design
3 Applicant
Provides environmental compliance, engineering, and sustainability services First headquarters will be located at 9833 Belmont St
Building owned by Rasika LLC
4 Scope of Work
Fully renovated and modernized front façade
Fixed panel and operable windows
Including mullions; operators and latches for operable windows Low-E (low-emissivity) glass for energy efficiency
Includes manufacture, delivery, and installation
Subject to prevailing wages
5 9833 Belmont St (6/13/2022)
6 9833 Belmont St - Conceptual Façade
7 Project Budget
8 Loan Terms
Not-to-exceed loan amount of $33,000
($30K for project costs + $3K for design plans)
Disbursement is through invoice reimbursement
Improvements must be completed within 1 year
Provided at 0% interest and fully forgiven in 5 years
9 Staff Recommendation
Open the Public Hearing; take testimonial and documentary evidence; and after considering the evidence, Adopt Resolution No. 22-25; or
Alternatively, discuss and take other action related to this item
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Supplementary
12 Other Exterior Improvements
Improved lighting in front and around the building, especially along Adenmoore Ave Closed exterior storage areas to remove alcoves and reduce waste accumulation Various security improvements
Planters with native California plants to improve views and air quality while reducing water consumption White roof to reduce heat island effect
13 LEED Certification
Save money on operations and maintenance
Use fewer resources
Better indoor environmental quality
Every $1 saved in operating expenses increases property value by $10
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