thomas c. chatmon , jr. executive director downtown development board
DESCRIPTION
Thomas C. Chatmon , Jr. Executive Director Downtown Development Board/ Community Redevelopment Agency. August 20, 2010. Seniors First, Inc. Annual agreement provides senior transportation service (Senior Tran)to residents of 11 downtown senior housing developments - PowerPoint PPT PresentationTRANSCRIPT
Thomas C. Chatmon, Jr.Executive Director
Downtown Development Board/ Community Redevelopment Agency
August 20, 2010
Seniors First, Inc.
• Annual agreement provides senior transportation service (Senior Tran)to residents of 11 downtown senior housing developments
• The CRA Advisory Board recommended approval from October 1, 2010 – September 30, 2011 (up to $ 46,242.00)
Donation Meters
• Meters allow citizens to donate money directly to service providers
• Provides donators with a new level of convenience and security
• Painted bright colors to differentiate from parking meters, making them easy to identify
• Meters will work in conjunction with other community programs
Meters in Laguna Beach,CA
Meters in other Cities
Montreal, Canada
Miami, Florida
Denver, CO
Donation Meters Overview
• 15 meters will be installed in CRA area including the Central Business District of Downtown Orlando
• Majority of meters will be installed near exempt zones
• Meters will be installed and maintained by DDB Clean Team
Donations & Marketing
• Collections, cash management and accounting will be handled by the City of Orlando Parking Division
• DDB and Mayor’s Office of Communications will market the program
• Donations will go to Central Florida Commission on Homelessness
Start-up Costs
• Purchase of 20 meters - $1,000• Re-Key each meter - $800• Purchase 5 pieces of pipe to set meters - $710• Purchase concrete to set pipes - $20• Purchase 20 Lexan plastic signs & brackets - $142• Purchase 20 meter wraps - $6,575• Labor costs - $403
Total Cost - $9,650 ($482.50 per unit)
QUESTIONS…
Changes to MEBA Guidelines
Over the past six months, a team of City and CRA/DDB staff members have participated in revamping the MEBA program. The process resulted in the modification of key elements.
Recommended Changes to MEBA Guidelines
1. Number of Board members reduced from nine to seven members
2. Rent subsidy period decreased from 12 months to 6 months
3. Assistance for inventory capped at 25% of the grant amount
4. Capital equipment expenses must total no less than $2,000
5. Business size is limited to no more than 20 employees
6. Franchises are eligible for funding
7. Criteria for eligibility of restaurants (51% of gross revenue from the sale of food and/or non-alcoholic drink)
Recommended Changes to MEBA Guidelines
8. Applicants must provide proof of capital or borrowing capacity (at least 10% of the requested grant amount)
9. Grantees will be required to submit Annual Status Reports and a Designed Action Plan (DAP) prior to first reimbursement of funds.
10. The grant operates as a deferred loan for 3 years with full forgiveness at the end of 3 years if grantee is in compliance with MEBA agreement.
11. Assignment of a Program Manager – Position to be assumed by the CRA/DDB Project Manager
12. Addition of a Business Consultant – Position to be awarded according to Purchasing Division procedures
Program Manager
• Coordinate eligible applicants with the Business Consultant• Manage reimbursements to client businesses per MEBA agreements and
program guidelines• Coordinate client businesses with EDO involvement for post-award
guidance• Make preliminary determination regarding eligibility• Coordinate appropriate due diligence on applicants • Manage Business Consultant’s contract & role within the program • Present Business consultant’s report and additional findings regarding
applications to the MEBA Board on each eligible application• Manage annual reporting of client businesses
Business Consultant
• Review qualified applications and conduct an objective business and financial analysis of each application
• Assist client businesses with completing a Designed Action Plan (DAP)• Assist applicants throughout application process• Provide guidance to the Program Manager regarding initial assessment• Advise Program Manager regarding desired format and information for
quarterly and annual reports from client businesses• Provide guidance to qualified applicants • Provide MEBA Board via the Program Manager with a unique report of
objective findings and analysis of each qualified application• Attend each MEBA Board meeting to discuss information needed by the
Board to decide on applications• Coordinate with the Program Manager to ensure that applications are
complete and ready for MEBA Board review
Designed Action Plan (DAP)
The DAP will contain key elements to support a successful business, including but not limited to:
• Implementation Schedule – Timeframes for build-out, setting up the storefront, staffing, stocking, and grand opening projections;
• Staffing Plan – Hiring, training, shifts, hours of operation;• Inventory Plan – Inventory projections, ordering, suppliers, storage
needs/facilities;• Financial Management Plan – Projected payroll, purchases and expenses
including inventory, equipment repair/replacement/additions, marketing, staffing/benefits; and
• Marketing Plan – Advertising strategies, event participation, donations.
Each client’s DAP will follow these general guidelines, but be prepared as a unique document, tailored to each client’s specific business model and needs.
QUESTIONS…