Agenda - Council - 04/22/2025 - Laserfiche WebLink

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5. 11. CC Regular Session Meeting Date: 04/22/2025 Primary Strategic Plan Initiative: Promote economic growth and development. Title: Adopt Resolution #25-083 Approving Grant Request From Restaurant Sign and Awning Program for King Baguette, Inc. Purpose/Background: The City of Ramsey City Council adopted the Restaurant Subsidy: Sign and Awning Program on July 24, 2018 per Resolution # 18-15 8. 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, the Kitchen Table, Alison's Petite Pastries, Miss Iz Ice Cream and Chanticlear Pizza have been granted funds from the Sign and Awning Program. The $1,500 check is issued to the applicant after completion of the project and Staff has taken photos of the completed project. Staff has been working with King Baguette, Inc. this year to open up a new restaurant with drive-thru at 7912 Sunwood Drive NW, Unit 100 at Northstar Marketplace. The City Council approved the SAC and WAC loan for $13,881 for this project on March 25, 2025. Staff is supportive of this request. Staff has received a complete application and is looking for City Council approval of the grant request for $1,500 from the Restaurant Sign and Awning Program. Notification: None required Time Frame/Observations/Alternatives: King Baguette, Inc. has signed a ten-year lease in Northstar Marketplance at 7912 Sunwood Drive NW, Unit 100. The proposed restaurant use meets the criteria of the Restaurant Sign Awning program. The applicant has received two bids ($10,975 and $10,096) for the onsite signage included as attachments to this case. King Baguette is going to go with Quality Sign Solutions as they will also be doing the work for their Drive Thru Ordering Kiosk, Staff is supportive of the grant request and is asking the Council to consider approval of the grant request of $1,500. Alternatives Include: 1) Adopt Resolution #25-083 Approving Grant Request From Restaurant Sign and Awning Program for King Baguette, Inc. 2) Deny Grant Request From Restaurant Sign and Awning Program for King Baguette, Inc. 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 $11,950 and King Baguette would be responsible for the balance. Recommendation: