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Previous Redevelopment Agency Action(s) <br />The Agency approved the Commercial Rehabilitation Program and Awning Sign and Paint <br />Program on June 16, 2007 <br />City CounciURedevelopment Agency Committee Review and Action- <br />The Business and Housing Development Committee reviewed the proposed changes to the <br />Commercial Rehabilitation Program and Awning Sign and Paint Program on March 12, 2007 <br />and recommended the Agency increase the Facade Improvement Program project reimbursement <br />from 50% to 75% for the remainder of FY 2008-09 and FY 2009-10 and increase the dollar <br />amount the Executive Director can approve from $25,000 to $50,000. <br />Code Compliance Review - N/A <br />Board/Commission Findings - N/A <br />Summary Of Public Outreach Efforts - N/A <br />Fiscal Impact <br />Funds for the Commercial Rehabilitation Program and Awning Sign and Paint Program were <br />approved as part of the FY 2008-09 budget and are budgeted for FY 2009-10 <br />Budget Authority <br />1 <br />~, <br />Perry Carter, In rim,~kgenc Treasurer <br />Attachments - N/A <br />CONCLUSION <br />Staff recommends the Redevelopment Agency amend the Commercial Rehabilitation Program <br />and Awning Sign and Paint Program for the remainder of FY 2008-09 and FY 2009-10 by <br />altering the approved program reimbursement from 50% to75% of the total project cost and <br />streamline the approval process by increasing the loan amount which can be approved by the <br />Executive Director from $25,000 to $50,000. <br />G:\DEP'IIOBD\Files RDA\RDA Loans\Commercial Rehab Program\2007-2008\Facade Improvement Adjustment Staff Report RDA-final.docLast revised on O1/O1 <br />