SUBJECT:
Action Regarding Building Improvement Grant Agreement with DBE Realty Investments LTD (125 S. Belmont St.)
BACKGROUND/DISCUSSION:
On Tuesday, May 19, 2020, the Saginaw City Council heard information in Executive Session pertaining to the specifics of a Building Improvement Grant (BIG) Program application submitted during May 2020 by DBE Realty Investments LTD in regards to their property located at 125 S. Belmont St. The City Council determined in that session to award an amount not-to-exceed $2,000.00 in reimbursable, and matching, dollars for the anticipated improvements as proposed on their application. The included contract under consideration is the realization of that intention.
FINANCIAL IMPACT:
Maximum of $2,000.00 from Account # 01-6142-13-00 Building Improvement Grants
RECOMMENDATION:
NA |