Resolution Approving the Submission and Support of an Emergency Community Catalyst Building…

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Recorded in the minutes as: “1. Resolution Approving the Submission and Support of an Emergency Community Catalyst Building Remediation Grant Application to IEDA on Behalf of The Perry Grand Theater LLC. Motion: Moved by Shelly, seconded by Wolling approving and supporting an Emergency Community Catalyst Building Remediation Grant application to the Iowa Economic Development Authority (IEDA). Through the Emergency Community Catalyst Building Remediation Program, the IEDA will provide grants to communities for the redevelopment, rehabilitation or deconstruction of buildings to stimulate economic growth or reinvestment in a community. Strong applications will show the potential for catalytic economic growth in the community; improve appearance and safety; make use of underutilized property; exhibit appropriate design standards; and be well-funded. The Perry Grand Theater LLC and the City of Perry have been in communication with IEDA and were encouraged to apply for funding assistance through the Emergency Catalyst Grant program for the property located at 1312 2nd Street. The amount of the request from Catalyst is $100,000.00, with the City providing financial or in-kind services as a match of $20,000.00 and would include private investment by the property owners of $130,214.00. The intent would be to enter into a Development Agreement if awarded to specify the local match requirements. This resolution approves the submission of such application and supports the local funding, through the form of a Development Agreement, upon a grant award”.

Motion as recorded: “Moved by Shelly, seconded by Wolling approving and supporting an Emergency Community Catalyst Building Remediation Grant application to the Iowa Economic Development Authority (IEDA). Through the Emergency Community Catalyst Building Remediation Program, the IEDA will provide grants to communities for the redevelopment, rehabilitation or deconstruction of buildings to stimulate economic growth or reinvestment in a community. Strong applications will show the potential for catalytic economic growth in the community; improve appearance and safety; make use of underutilized property; exhibit appropriate design standards; and be well-funded. The Perry Grand Theater LLC and the City of Perry have been in communication with IEDA and were encouraged to apply for funding assistance through the Emergency Catalyst Grant program for the property located at 1312 2nd Street. The amount of the request from Catalyst is $100,000.00, with the City providing financial or in-kind services as a match of $20,000.00 and would include private investment by the property owners of $130,214.00. The intent would be to enter into a Development Agreement if awarded to specify the local match requirements. This resolution approves the submission of such application and supports the local funding, through the form of a Development Agreement, upon a grant award”.

The minutes give only the count (unanimously), so individual votes are Not in the record. Vote line as printed: “Motion carried unanimously.”.