Agenda - Economic Development Authority - 04/14/2022

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Economic Development Authority (EDA) 4. 2. Meeting Date: 04/14/2022 Submitted For: Sean Sullivan, Community Development By: Sean Sullivan, Community Development Title: Consider Application for Sign and Awning Program: Allison's Petite Pastries Purpose/Background: PURPOSE Consider Recommendation to approve Allison's Petite Pastries Sign and Awning Program request. The City of Ramsey City Council adopted the Restaurant Subsidy: Sign and Awning Program on July 24, 2018 per Resolution 418-158. This program along with the SAC and WAC deferral loan program was part of an initiative to encourage more investment in new restaurants in the City of Ramsey. To date, only the Kitchen Table has utilized the Sign and Awning Program. Staff has been working with Allison's Petite Pastries over the past year to relocate from a home business into a traditional storefront in a retail area. The proposed location is at 14037 St. Francis Blvd NW in the Rivers Bend Mall in the former massage space between Bunker Gaming and Lotsa Love Pet Grooming. This business is a bakery with onsite seating for its customers. Staff has received a complete application and is looking for the EDA to consider a recommendation to consider this grant request for$1,500 from the Sign and Awning Program. Notification: N/A Observations/Alternatives: Allison's Petite Pastries has signed a three year lease with Arrow Real Estate in the Rivers Bend Plaza Mall at 14037 St. Francis Boulevard NW. Staff is viewing this new bakery business as a restaurant due to the onsite dining options. The applicant has received two bids for the onsite signage. Staff is looking for confirmation by the EDA that this business is eligible for the Restaurant Sign and Awning Program and support by the EDA of the grant request of$1,500. Alternatives Include: 1) EDA recommendation to City Council to Approve $1,500 in Assistance from the Sign and Awning Program for Allison's Petite Pastries. 2) EDA recommendation to City Council to Deny $1,500 in Assistance from the Sign and Awning Program for EDA recommendation to City Council to Approve $1,500 in Assistance from the Sign and Awning Program for Allison's Petite Pastries. 3) Something Else. Funding Source: Funding would come from the EDA 9230.6246 (marketing). The Applicant is requesting a$1,500 grant from the City Sign and Awning Program. This is the maximum allowable amount proposed under the program guidelines. The total estimated cost of the project is approximately$8,326.36 (please note revised quote to be provided). Allison's Petite Pastries would be responsible for the balance.