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HomeMy WebLinkAbout2023-04-03 J01J IEDA Community Catalyst Grant ApplicationAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: April 3, 2023 AGENDA ITEM:Consideration of approval of a resolution approving IEDA Community Catalyst Building Remediation Program grant full application FORMAT:Resolution SYNOPSIS INCLUDING PRO & CON: Staff has been working with Husk Homes on the redevelopment of the former Pin Oak building (405 6th St.) in the Downtown Triangle District. This project would fulfill a number of goals identified in the recent Downtown Assessment including, redeveloping a vacant building, securing a restaurant user, increasing downtown walkability and acting as a catalyst for future projects. IEDA’s Community Catalyst Building Remediation Program was identified as a potential source of funds for the rehabilitation of the former Pin Oak building. The City is eligible to pursue the maximum $100,000 grant with financial contribution from the City in partnership with the building owner/developer. The application process is as follows; Pre-applications must be submitted on January 27, 2023 Full Applications were by invitation ONLY Application Deadline: April 14, 2023 Announcement: June 2023 A successful pre-application will bring the City one step closer securing a grant. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS: COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff recommends approval of the resolution approving the IEDA Community Catalyst Building Remediation Program grant full application. RECOMMENDATION: Approval of Resolution ATTACHMENTS: I. Resolution PREPARED BY:Jennifer Brown, Director of Economic Development REVIEWED BY: J1J THE CITY OF WAUKEE, IOWA RESOLUTION 2023- AUTHORIZING THE SUBMITTAL OF A GRANT APPLICATION TO THE IOWA ECONOMIC DEVELOPMENT AUTHORITY (IEDA) COMMUNITY CATALYST BUILDING REMEDIATION PROGRAM IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee, Dallas County, State of Iowa, is a duly organized Municipal Organization; AND, WHEREAS, the City Council and the City of Waukee have established the expanded development of community and leisure opportunities as a Council goal; AND, WHEREAS, the City Council and the City of Waukee recognize downtown revitalization as an economic development priority; AND, WHEREAS, the City of Waukee has identified the Iowa Economic Development Authority (IEDA) as a potential funding source for the redevelopment, rehabilitation or deconstruction of buildings to stimulate economic growth or reinvestment in the community; AND, WHEREAS, on January 16, 2023, the Waukee City Council approved a resolution authorizing the submittal of an IEDA Community Catalyst Building Remediation Program Grant pre- application (Resolution #2023-022); AND, WHEREAS, IEDA has approved the grant pre-application, giving the City of Waukee the authority to move forward with a full grant application; AND; WHEREAS, the City of Waukee has available funds to fulfill its share of obligation should the grant funds be awarded. NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council that it hereby authorizes the submittal of a grant application to the Iowa Economic Development Authority (IEDA) Community Catalyst Grant Program on behalf of the City of Waukee. Passed by the City Council of the City of Waukee, Iowa, and approved the 3rd day of April, 2023. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman Pierce R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair