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Economic Development Authority (EDA) <br />Meeting Date: 06/14/2018 <br />By: Katie Schmidt, Administrative Services <br />Title: <br />Restaurant Subsiby Application: Kitchen Table <br />Purpose/Background: <br />PURPOSE <br />Review Kitchen Table's Restaurant Subsidy: Sign and Awning Program Application. <br />Notification: <br />4. 5. <br />Observations/Alternatives: <br />Kitchen Table has signed a lease with PSD, LLC for the former restaurant space at 7533 Sunwood Dr NW (Ramsey <br />Office Plaza). <br />The previous EDA Case on this agenda provides consideration to establishing this new program in which this <br />Application is being submitted. Approval of this request would be contingent upon adoption of this policy. <br />Recruitment of restaurants is a recognized priority for the community. This appears to be a relatively low-cost <br />option for the city to provide a benefit to assist a new restaurant venture. <br />Funding Source: <br />Funding would come from the EDA Account. The Applicant is requesting $1,500 from the City. This is the <br />maximum allowable amount proposed under the program guidelines. The total estimated cost of the project is <br />approximately $2,500. The restaurant owner would be responsible for the balance. <br />Recommendation: <br />Staff recommends approving the Sign and Awning Program Application for Kitchen Table restaurant. <br />Action: <br />Motion to recommend that the City Council approve the sign and awning assistance request from Kitchen Table. <br />Attachments <br />Kitchen Table Sign and Awning Program Application <br />Form Review <br />Inbox Reviewed By Date <br />Tim Gladhill Tim Gladhill 06/08/2018 10:20 AM <br />Kurt Ulrich Kurt Ulrich 06/08/2018 01:47 PM <br />Form Started By: Katie Schmidt Started On: 06/06/2018 12:46 PM <br />Final Approval Date: 06/08/2018 <br />