Item Coversheet

4.C.


Shakopee Economic Development Authority
July 17, 2018


FROM: Jenn Brewington, Economic Development Specialist 
TO:President and Board Members
Subject:
Façade Improvement Loan for Laurent building for removal of existing courtyard paving and installing new concrete.
Policy/Action Requested:
Approval of applicant's request for Façade Improvement Loan of $3,000 for courtyard improvements.
Recommendation:
EDA will need to discuss this request based on our policy. Policy is attached for reference.
Discussion:

Applicant would like to use the Façade Improvement Loan to complete concrete work in the courtyard.  The current material is in disrepair. The applicant previously received a $10,000 façade loan in July 2014 for roof repairs.

Budget Impact:
ATTACHMENTS:
Description
Laurent Building Facade improvements (bid 1)
Laurent Building Facade improvements (bid 2)
Insurance
Application
Facade Improvement Loan policy
Laurent building photo