SUBJECT:
Action Regarding Building Improvement Grant Agreement with Saginaw Laundry (416 Belmont St.)
BACKGROUND/DISCUSSION:
On Tuesday, January 19, 2021, the Saginaw City Council heard information in Executive Session pertaining to the specifics of a Building Improvement Grant (BIG) Program application submitted during December 2020 by Saginaw Laundry regarding to their property located at 416 Belmont St. The City Council determined in that session to award an amount not-to-exceed $5,000.00 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 $5,000.00 from Account # 01-6142-13-00 Building Improvement Grants
RECOMMENDATION:
NA |