AGENDA ITEM REPORT
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A RESOLUTION APPROVING THE GOLDEN RAINTREE VI HOMEOWNERS ASSOCIATION APPLICATION FOR MATCHING GRANT FUNDS FROM THE NEIGHBORHOOD ENHANCEMENT GRANT PROGRAM FOR ENERGY CONSERVATION ENHANCEMENTS.
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BACKGROUND:
The City of Coconut Creek is committed to enhancing community aesthetics and promoting a stronger, safer, and more resilient community by providing funding assistance through the Neighborhood Enhancement Grant (NEG) Program.
DISCUSSION:
For Fiscal Year 2025 (FY25), the City allocated $195,000 to the NEG Program to fund neighborhood improvement projects. The Golden Raintree VI Homeowners Association has submitted a request for $7,500.00 in matching grant funds to upgrade to LED address fixtures to enhance energy conservation. The total project cost of the project is $23,000.00. Program guidelines allow a maximum reimbursement of $7,500.00 for condominium/townhouse energy conservation projects.
The Golden Raintree VI Homeowners Association application is the sixth NEG request of FY25. The proposed grant project will further enhance the community and satisfies the standards established by the NEG Program.
RECOMMENDATION:
Staff recommends approval of this resolution.
FISCAL IMPACT:
REVENUES: $ 0
EXPENDITURES: $ 7,500
BUDGETED? Yes
NOTES: This is the sixth NEG Application for the FY25 Budget. FY25 funds available total $174,027.92 from Account 0198-8220, Neighborhood Enhancement Grants.