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HomeMy WebLinkAbout4. Downtown Facade Improvement Loan Program Guidelines for First Avenue Corridor CITY OF SHAKOPEE Memorandum CONSENT ~.P.A. "*4 CASE NO.: NA TO: Economic Development Authority Mark McNeill, City Administrator FROM: Michael Leek, Community Development Director SUBJECT: Fa<;ade Improvement Loan Program Guidelines for First A venue Corridor MEETING DATE: October 16,2007 INTRODUCTION: The EDA previously directed staff to develop revised design guidelines that would allow the Downtown Fa<;ade Improvement Loan Program to be made available to businesses in the First Avenue Corridor. On Tuesday, October 9,2007 the initial draft of the revised guidelines were presented to and discussed by the Economic Development Advisory Committee (EDAC). The EDAC did make specific recommendations regarding revision to the draft guidelines. As a result, staff will be making revisions and bringing the draft guidelines and EDAC recommendation to the EDA on November 20,2007. ACTION REQUESTED: This report is for information only, and Council is asked to receive the information. ~~~~ R. Michael Leek Community Development Director H:\CC\2007\10-16\EDA rpt loan program. doc