HomeMy WebLinkAbout5. Request by Scott County Historical Society for Facade Improvement Loan
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CITY OF SHAKOPEE
Memorandum
CASE NO.: 08-057
TO: Economic Development Authority
Mark McNeill, Executive Director
FROM: R. Michael Leek, Community Development Director
SUBJECT: Request of Scott County Historical Society for Facade Improvement loan
MEETING DATE: January 20, 2009
INTRODUCTION:
The City received the attached application for a loan under the Downtown and First Avenue Fa9ade
Improvement Loan Program. The EDA is asked to direct staff whether to prepare a loan agreement for up to
50% of the fa9ade improvement costs.
DISCUSSION:
Scott County Historical Society, 235 Fuller Street South, proposes renovation of their building that includes
scraping, sanding and painting of windows, doorways, siding and the porch area. The renovation is intended
to preserve the building's historical appearance. The total estimated costs ofthese improvements are
$2,540.00. The FILP provides for loans up to one-halfthe cost of improvements or a maximum of $25,000
per project. In this case, one-half ofthe cost would equal $1, 270.00.
ALTERNATIVES:
1. Offer and pass a motion directing staff to prepare a loan agreement for fas:ade improvements not to
exceed $1,270.00 for Scott County Historical Society at 235 Fuller Street South.
2. Deny the request for Downtown and River Corridor Fas:ade Improvement Loan funds.
3. Table the request for additional information.
DESIGN REVIEW COMMITTEE RECOMMENDATION:
On Wednesday, December 17, 2008, the president of the Downtown Partnership, Mike Beard, and the chair
of the Historic Preservation Advisory Committee, Jay Whiting, met with Community Development staffto
review this FILP application. After discussion, the committee recommended making a loan for the fas:ade
improvements for Scott County Historical Society.
RELATIONSHIP TO CITY GOALS:
This item relates to Goal D.: vibrant, resilient and stable
ACTION REQUESTED:
Offer and pass a motion directing staff to prepare a loan agreement with Scott County Historical Society
under the Fas:ade Improvement Loan Program for fas:ade improvements as recommended by the design
review committee.
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R. Michael Leek
Community Development Director
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