HomeMy WebLinkAbout3.b. Request for Reimbursement of Facade Improvement Loan for Riverfront Printing CITY OF SHAKOPEE
Memorandum
CASE NO.: NA
TO: Economic Development Authority
Mark McNeill, Executive Director
FROM: R. Michael Leek, Community Development Director
SUBJECT: Request for Reimbursement of Facade Improvement Loan for Riverfront
Printing
MEETING DATE: May 17, 2011
INTRODUCTION:
On April 19, 2011, the EDA approved a facade improvement loan request by Riverfront Printing,
for the installation of an awning that would include signage, to be located at 128 Holmes Street
South. Since that approval, the applicants have completed the proposed improvements consistent
with the request; therefore, they are requesting reimbursement for the improvements to the
Riverfront Printing building, consistent with their Repayment Agreement for the Shakopee
Downtown Facade Improvement Program.
DISCUSSION:
The improvements approved by the EDA as part of this project included installing signage and an
awning on the front of the Riverfront Printing building. These improvements totaled $1,700.00
(plus an additional $150.00 for permitting), with the amount of the approved loan not to exceed
$850.00. They did receive building and sign permit approvals, and have completed the installation
as proposed.
ALTERNATIVES:
1. Offer and pass a motion directing staff to reimburse Kevin and Stacy Siegle, Riverfront
Printing, 128 Holmes Street South, an amount of $850.00, consistent with the loan agreement
for this fagade improvement.
2. Table the request for additional information.
ACTION REQUESTED:
Offer and pass a motion directing staff to reimburse Kevin and Stacy Siegle, Riverfront Printing,
128 Holmes Street South, an amount of $850.00, consistent with the loan agreement for this fagade
improvement.
R. Michael Leek
Community Development Director
H: \CC \2011 \05 -17 \EDA Riverfont printing reimbursement. docx 1
INVOICE
3206 BLOOMINGTON AVE. PHONE (612) 722 -2731
MINNEAPOLIS MN 55407 www.acmeawning.com
AWNING
C[ ST # n0-18511
F lO1#I:
R.iverfront Printing
128 S. Holmeo Street
Shakopee MN 55379 WORK DONE AT: S acne
Order Invoice
05/06/11 0190 0000r,9 PH
No Statement will be sent - Please Pay on this Invoice and return top stub with your payment.
.9taticinary Awnlno Complete 0[i3O0
Permit 150,00
SUB TOTAL $1,850,00
DISCOUNT COUNT 5 1 00
TA;: S,00
TERMS: Net 10 Days FREIGHT $ l ocl
COMMENTS Omer #19038- Installed 5 -5 -11 TOTAL SALE $1,850.00
Thank You For Your Business! PAID ON ACCOUNT $850,00
AMOUNT DUE $1,000.00
ACME AWNING CO.
3206 BLOOMINGTON AVE. MINNEAPOLIS, MN 55407
PHONE (612) 722 -2731
www.acmeawning.com
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