information as of May 28, 2009 1

Newtown Storefront Grant Program Update

Sarasota City CommissionJune 1, 2009

information as of May 28, 2009 2

Presentation Content

Newtown Storefront Grant OverviewFunding/ExpendituresProgram Participation Projects

CompletedIn processPending Future projects

information as of May 28, 2009 3

NRO Storefront Program Overview

Commercial properties in the Newtown Redevelopment Plan Area (North to Myrtle Street, East to Leonard Reid (city limits), South to 17th Street and West to US 41 (Tamiami Trail) Grant funding up to $50,000 - 10% applicant match

Dr. Martin Luther King Jr. Way Business Corridor (US 301 and Osprey Avenue) Commercial and Not-For-Profit properties. Grant funding up to $99,000, with not-for-profit businesses receiving

up to $50,000. 10% applicant matching up to $50,000, with 5% matching up to $99,000

 

information as of May 28, 2009 4

NRO Storefront Program OverviewExterior renovations and correct code violations

(architectural features, awnings, painting, siding, stucco window and door replacement and etc.)

Caribbean or tropical style –urban design strategies promotes architectural continuity and reviewed by StoreFront Design Review Committee

Processing of all applications are handled by the Newtown Redevelopment Office and the Office of Housing and Community Development (OHCD)

information as of May 28, 2009 5

NRO Storefront Program OverviewThe NRO StoreFront Grant Program is diligently encouraging the

use of local sub-contractors and laborers. Jack Meredith, Design Aesthetics, MBE Certified, has been the

lead architect on 13 of the 15 projects.

information as of May 28, 2009

Newtown Storefront Program Funding/Expenditures/Pending

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Funding: CDBG $250,000 (2008) CDBG $200,000 (2009) CDBG -R $136,535 (2009)Total $586,535

Completed projects: 3 Projects $120,369 (including 10% match

funds)

Pending: 9 Projects $517,034 (including matching funds)

3 Projects In discussions

information as of May 28, 2009

Newtown Storefront Program Program Participation

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MLK CORRIDOR

Total Sites 15 (11 Participating )

Total Businesses 13 (2 Non-Participating)

Total Churches 2 (Non-Qualifying)

OUTSIDE OF MLK CORRIDORParticipation 4

information as of May 28, 2009 8

Newtown Storefront Program Project Map

information as of May 28, 2009 9

Urban Auto Sales, Inc. 3000 N. Washington Blvd. •Completed March 2009

Grant $50,000 Applicant Match $5,891 Project Cost $55,891

information as of May 28, 2009 10

Moore’s Grocery 1993 Dr. Martin Luther King Jr. Way

•Completed April 2009

Grant $46,285 Applicant Match $ 5,143Project Cost $51,428

Additional investment made by applicant: Total(approx.) $45,000 New roof ,interior lights, sales counter, new shelving

Future investments:Resurfacing parking lot, exterior lighting

information as of May 28, 2009 11

Greater Newtown Community Redevelopment Corp. 1751 Dr. Martin Luther King Jr. Way

•Completed May 2009

Grant $ 11,745Applicant Match $ 1,305Project Cost $13,050

information as of May 28, 2009 12

In Progress: King’s Meat & Deli & Phat Headz1810/1818 1993 Dr. Martin Luther King Jr. Way

Est. $52,085 June 2009

Est. $54,948 June 2009

information as of May 28, 2009 13

FUTURE: Town Hall Restaurant & Lounge1970 Dr. Martin Luther King Jr. Way

Est.$ 99,000 June 2009

information as of May 28, 2009 14

FUTURE : Dollar Dynasty1922 Dr. Martin Luther King Jr. Way

Est. $30,000 July 2009

information as of May 28, 2009 15

FUTURE : Newtown Social Club1958 Dr. Martin Luther King Jr. Way

Est.$ 70,000 June 2009

information as of May 28, 2009 16

QUESTIONS & COMMENTS

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