AGENDA ITEM REPORT
TITLE:
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A RESOLUTION APPROVING THE KARANDA VILLAGE VII CONDOMINIUM ASSOCIATION, INC. APPLICATION FOR MATCHING GRANT FUNDS FROM THE NEIGHBORHOOD ENHANCEMENT GRANT PROGRAM FOR ENTRANCE SIGN ENHANCEMENTS.
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BACKGROUND:
The City of Coconut Creek is committed to enhancing community aesthetics and promoting a stronger, safer, and more sustainable community by providing funding assistance through the Neighborhood Enhancement Grant (NEG) Program.
DISCUSSION:
For Fiscal Year 2023 (FY23), the NEG Program has a budget of $195,000 to fund neighborhood projects. The Karanda Village VII Condominium Association is requesting $1,414.60 in matching grant funds from the NEG Program to enhance signage at the neighborhood entrance. The total project cost is $2,829.20. The program guidelines provide a maximum reimbursement of $5,000 for signage projects.
The Karanda Village VII Condominium Association application is the seventh NEG of FY23. This grant project is a further enhancement of the community and satisfies the standards established by the NEG Program.
RECOMMENDATION:
Staff recommends approval of this resolution.
FISCAL IMPACT:
REVENUES: $ 0
EXPENDITURES: $ 1,414.60
BUDGETED? Yes
NOTES: This is the seventh Neighborhood Enhancement Grant Application for the FY23 Budget. FY23 funds available total $147,467.09 from Account 0198-8220, Neighborhood Partner Grant.