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, ' 1 , , • � <br /> ECONOMIC AND URBAN DEVELOPMENT MEMORANDUM <br /> No. 07-73 <br /> June 6, 2007 <br /> TO: Mayor Paul Osborne and City Council Members <br /> FROM: Steve G City Manager <br /> Greg Crow , rector of Economic and Urban Developme�/ <br /> Vickie Buc m am, Assistant Dir. of Economic and Urban Development�� <br /> SUBJECT: CDBG Farade Agreement for 130 North Merchant Street <br /> RECOMMENDATION: StafFrecommends approval of the attached Community <br /> , Development Block Grant(CDBG) Facade agreement with Steven and Marina Loehr for <br /> CDBG funds to rehabilitate the building located at 130 North Merchant Street <br /> BACKGROUND: The property located at 130 North Merchant Street is occupied by the <br /> business known as Marina's Bridal. The fa�ade program was designed to eliminate <br /> unsafe or hazardous conditions while restoring the unique architectural design features I <br /> that will support the continued revitalization and stabilization of the commercial core. <br /> Also, the facade program may contribute to the stabilization and/or creation of <br /> employment opportunities for low and moderate income persons. <br /> POTENTIAL OBJECTIONS: Staff is not aware of objections. '� <br /> INPUT FROM OTHER SOURCES: Comments and information were secured through <br /> past public meetings and input for the Consolidated Plan/Annual Action Plan. I <br /> STAFF REFERENCE: Should the City Council have any questions,they may contact � <br /> Vickie Buckingham, Assistant Director of Economic and Urban Development at 424 <br /> 2777 or e-mail vbucking,ham(c�decaturnet.or�. <br /> BUDGET/TIME IMPLICATIONS: None <br />