Administrative
Report
H.11., File # 24-0760 Meeting Date: 8/20/2024
To: MAYOR AND CITY COUNCIL
From: GREG KAPOVICH, WATERFRONT & ECONOMIC DEVELOPMENT
DIRECTOR
TITLE
APPROVE A GRANT AGREEMENT BETWEEN THE CITY OF REDONDO BEACH AND BOO’S TREASURES, LLC IN THE AMOUNT OF $7,158 FOR THE COMPLETION OF STOREFRONT IMPROVEMENTS AT 108 INTERNATIONAL BOARDWALK
EXECUTIVE SUMMARY
The City Council has identified the revitalization of the International Boardwalk as a primary goal and adopted several related objectives as part of the City's Strategic Plan. One objective was the implementation of a Storefront Improvement Program (Program) to restore and enhance the physical appearance of the businesses along International Boardwalk. In 2022, the City Council approved $200,000 for the program, which provides up to 50% matching grant funds to partially reimburse tenants for storefront improvements.
In the proposed agreement, the City would partially reimburse the business owner for storefront improvements at 108 International Boardwalk. The proposed improvements include the complete replacement of exterior wood and siding due to rot and insect damage, replacement of exterior lighting (same-for-same), new signage, new paint, and costs associated with architectural services.
In total, the project is estimated to cost $14,315.18. The Grant Agreement would reimburse 50% of the cost, for a total of $7,157.59.
BACKGROUND
In October 2022, the City Council approved a Storefront Improvement Program for International Boardwalk tenants and appropriated $200,000 in funding to assist in the revitalization of the area.
The program provides matching grant funds (up to a 50% of the project cost) to reimburse tenants that perform improvements to their storefronts. Eligible improvements under the Program include, but are not limited to, exterior paint, removal and replacement of old signs and awnings, repair and replacement of windows and entry doors, new façade, landscaping, necessary ADA improvements, and remediation of any City code violations. All improvements made with Program grant funds must comply with local, state, and federal regulations.
If approved for grant funding under the Program, applicants must sign a grant agreement with the City for a term not to exceed three years. The Grant Agreement details the terms and conditions associated with the Program, as well as required future maintenance obligations for the recipient.
Grants funds are disbursed on a reimbursement basis. Once the proposed improvements are completed, applicants will be required to submit a business sworn statement that all improvements
H.11., File # 24-0760 Meeting Date: 8/20/2024
completed, applicants will be required to submit a business sworn statement that all improvements have been completed, City inspection approvals, and proof of payment to contractors. In addition, the recipient of the grant must have all City permits and fee obligations paid prior to reimbursement.
Grants are processed on a net 60 day payment cycle.
The proposed Grant Agreement with Boo’s Treasures includes the following:
Address Proposed Work Project Cost Funding
Request
108 International
Boardwalk Blvd
· Prime and paint the entire storefront facade
(approx. 335 square feet) · Replacement of
exterior lighting · Replacement of existing wood
facade due to significant damage caused by rot
and insects · Purchase and installation of a new
storefront sign
$14,315.18 $7,157.59
Total: $14,315.18 $7,157.59
Staff has reviewed the grant application and worked with the applicant to ensure that all improvements comply with local, state, and federal regulations. The proposed project will have a positive impact on the International Boardwalk aesthetic, and staff is recommending Council approve the Grant Funding Agreement.
COORDINATION
The Waterfront and Economic Development Department coordinated this report with the City Manager’s Office. The City Attorney’s Office approved the Grant Agreement as to form.
FISCAL IMPACT
The storefront improvement program initially received a $200,000 General Fund appropriation. The current program balance is $186,737.50. Approval of the Grant Agreement would dedicate $7,157.59 of the available balance.
APPROVED BY:
Mike Witzansky, City Manager
ATTACHMENTS
· Agmt - Grant Agreement 108 International Boardwalk