To: MAYOR AND CITY COUNCIL
From: GREG KAPOVICH, WATERFRONT & ECONOMIC DEVELOPMENT DIRECTOR
TITLE
title
APPROVE A GRANT AGREEMENT BETWEEN THE CITY OF REDONDO BEACH AND DOING IT WITH LOVE INC., DBA TRADEWINDS, IN AN AMOUNT OF $ 3,263 FOR THE COMPLETION OF STOREFRONT IMPROVEMENTS AT 142 INTERNATIONAL BOARDWALK
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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% of matching grant funds to partially reimburse tenants for executed storefront improvements.
The proposed Agreement with Tradewinds would partially reimburse the retail store owner for storefront improvements at 142 International Boardwalk. The proposed improvements include replacing old wood panels and trim along the business facade, new siding, caulking, the patching of nail holes, new paint, and a new logo on the front door. In total, the project is estimated to cost $6,525. The grant agreement would reimburse 50% of the cost, for a total of $3,263.
BACKGROUND
In October 2022 the City Council approved a new Storefront Improvement Program for International Boardwalk tenants and appropriated $200,000 in funding to assist in revitalization of the area. The program provides matching grant funds (up to 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 applicable 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. Grant 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 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 in the normal City accounts payable cycle of net 60 days.
The proposed Grant Agreement with Tradewinds being presented for approval is attached and includes the following:
|
Address |
Proposed Work |
Project Cost |
Funding Request |
|
142 International Boardwalk Blvd |
• Remove old wood panels and trim • Replace trim and siding • Caulk trim, door, and patch nail holes • Prime and paint doors, siding, and window casings • Nautical logos like Anchor, Compass, and Tradewinds logo on door |
$6,525 |
$3,262.50 |
|
Total: |
|
$6,525 |
$3,262.50 |
Staff has reviewed the grant application internally 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’s aesthetic, and staff is recommending that 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 $190,000. Approval of the grant agreement would dedicate $3,263 of the available balance.
APPROVED BY:
Mike Witzansky, City Manager
ATTACHMENTS
• Agmt - Grant Agreement with Tradewinds - 142 International Boardwalk