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The South Cape Community Redevelopment Agency is expected to vote on grant award resolutions Wednesday.
Each resolution is for a Breaking Barriers to Business Grant Program grant.
The first resolution, 14-25, is for Palace Pub & Wine Bar, for $34,480.
Resolution 15-25 is for a $28,520 grant for Nice Guys Pizza and a $7,817 grant for Lady Cakes Bakery.
Cape Coral City Council, sitting as the CRA commission, also will discuss the Demolition Grant Program. The existing funding structure "favors" small parcels over the larger properties. A revision in the gap would "promote equity" across the property sizes and "incentivize larger-scale redevelopment projects."
There are three options for the commissioners.
The first would provide greater funding for larger projects is $200,000 or more. According to city documents posted online with the agenda, for every additional $100,000 spent over $100,000 the grant increases by $75,000. An example provided was for a $200,000 project receiving a $150,000 grant.
The second proposal includes removing the cap on the second tier. The first $50,000 of eligible costs is 100% reimbursed up to $50,000 and costs above $50,000 is 50% reimbursed with no upper limit. There is no ceiling for the total grant for higher-cost demolitions, which currently sits at a $75,000 cap.
The third option is a flat 75% grant coverage of total eligible demolition costs.
The Cape Coral Community Redevelopment Agency meeting will be held at 9 a.m. Wednesday, Sept. 10, in Council Chambers, 1015 Cultural Park Blvd. The meeting is open to the public.