Petition to Renovate Faade 500 S. Topeka Office of Economic - - PowerPoint PPT Presentation

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Aug 29, 2023 216 likes •339 views

Petition to Renovate Faade 500 S. Topeka Office of Economic Development September 3, 2019 Project 2 Rehabilitation of 500 S. T opeka into shared office and maker space T otal est. project costs: $1,000,000 Estimated

SLIDE 1

Petition to Renovate Façade 500 S. Topeka

Office of Economic Development September 3, 2019

SLIDE 2

Project

Rehabilitation of 500 S. T
peka into shared office and maker

space

T
tal est. project costs: $1,000,000
Estimated Façade Improvements $200,000
Façade Improvements: New windows and doors, power

washing, awnings, and additional work to restore the building and meet code requirements

SLIDE 3

500 S. Topeka

SLIDE 4

Existing Facade

SLIDE 5

Existing Facade

SLIDE 6

New Facade

SLIDE 7

FAÇADE PROJECT

Estimated

Project Costs $175,374 City Administrative Fee 3,189 Financing costs 21,437 Total Project Costs Façade Improvement Grant (30,000) Maximum Assessment $170,000

SLIDE 8

Financing

Special assessments spread against 500 S. Topeka
Interest rate set by bond sale
Repaid over a 15-year period
Owner will pay construction costs and be reimbursed

after project is complete and special assessments can be placed on the property

SLIDE 9

Next Steps

Resolution sets a public hearing for

September 17, 2019 for consideration of the project and a maximum assessment

rdinance
Following completion of façade

improvements, final assessment amount will be set, if less than the maximum

SLIDE 10

Recommended Action

It is recommended that the City Council approve the petition, adopt the resolution setting a public hearing for September 17, 2019 and authorize the necessary signatures

SLIDE 11

Office of Economic Development

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