Title
Community Development Block Grant Neighborhood Commercial Rehabilitation Program Recipient (Ordinance S-47500)
Description
Request to authorize the City Manager, or his designee, to enter into a loan agreement with Greek Family, LLC. (dba Greektown Restaurant) for up to $100,000 in Community Development Block Grant program funds for facade and site improvements through the Neighborhood Commercial Rehabilitation program, and to take all actions and execute all documents to complete the loan. Further request authorization for the City Controller to disburse all funds associated with this agreement. The Community Development Block Grant Program is funded by the U.S. Department of Housing and Urban Development; no General Funds are required.
Report
Summary
The Neighborhood Commercial Rehabilitation (NCR) program offers Community Development Block Grant (CDBG) funding to complete exterior improvements through a deferred loan, secured by a Deed of Trust, that is forgiven over a period of up to 10 years. The program was approved by City Council through Ordinance S-46657 as part of the 2020-2024 CDBG Consolidated Plan. NCR projects are selected through an open application process.
Greektown Restaurant is a full-service establishment that has served classic Greek cuisine to the Sunnyslope area for 22 years. The project scope of work includes facade and parapet improvements and Americans with Disabilities Act (ADA) parking lot enhancements; and a new patio for outdoor dining as an alternate bid, if funding is available.
The goal of the NCR program is to support the revitalization or improvement of commercial buildings along targeted business corridors to ensure the long-term sustainability of the community, its businesses, and structures. Eligible economic revitalization projects must provide a public benefit or deliver neighborhood enhancements including job creation for local residents, blight elimination, or the provision of qualified goods or services to residents of targeted, low- and moderate-income areas in Phoenix.
Financial Impact
The CDBG Program is funded by the U.S. Department of Housing and Urban Development; there is no impact to the General Fund.
Concurrence/Previous Council Action
This item was recommended for approval by the Land Use and Livability Subcommittee on March 17, 2021 by a unanimous vote.
Location
8519 N. 7th St. (Target Area F Redevelopment Area)
Council District: 3
Department
Responsible Department
This item is submitted by Deputy City Manager Inger Erickson and the Neighborhood Services Department.