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Thomas C. Chatmon , Jr. Executive Director Downtown Development Board/ Community Redevelopment Agency. August 20, 2010. Seniors First, Inc. Annual agreement provides senior transportation service (Senior Tran)to residents of 11 downtown senior housing developments
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Thomas C. Chatmon, Jr. Executive Director Downtown Development Board/ Community Redevelopment Agency August 20, 2010
Seniors First, Inc. • Annual agreement provides senior transportation service (Senior Tran)to residents of 11 downtown senior housing developments • The CRA Advisory Board recommended approval from October 1, 2010 – September 30, 2011 (up to $ 46,242.00)
Donation Meters • Meters allow citizens to donate money directly to service providers • Provides donators with a new level of convenience and security • Painted bright colors to differentiate from parking meters, making them easy to identify • Meters will work in conjunction with other community programs
Meters in other Cities Denver, CO Miami, Florida Montreal, Canada
Donation Meters Overview • 15 meters will be installed in CRA area including the Central Business District of Downtown Orlando • Majority of meters will be installed near exempt zones • Meters will be installed and maintained by DDB Clean Team
Donations & Marketing • Collections, cash management and accounting will be handled by the City of Orlando Parking Division • DDB and Mayor’s Office of Communications will market the program • Donations will go to Central Florida Commission on Homelessness
Start-up Costs • Purchase of 20 meters - $1,000 • Re-Key each meter - $800 • Purchase 5 pieces of pipe to set meters - $710 • Purchase concrete to set pipes - $20 • Purchase 20 Lexan plastic signs & brackets - $142 • Purchase 20 meter wraps - $6,575 • Labor costs - $403 Total Cost - $9,650 ($482.50 per unit)
Changes to MEBA Guidelines Over the past six months, a team of City and CRA/DDB staff members have participated in revamping the MEBA program. The process resulted in the modification of key elements.
Recommended Changes to MEBA Guidelines • Number of Board members reduced from nine to seven members • Rent subsidy period decreased from 12 months to 6 months • Assistance for inventory capped at 25% of the grant amount • Capital equipment expenses must total no less than $2,000 • Business size is limited to no more than 20 employees • Franchises are eligible for funding • Criteria for eligibility of restaurants (51% of gross revenue from the sale of food and/or non-alcoholic drink)
Recommended Changes to MEBA Guidelines • Applicants must provide proof of capital or borrowing capacity (at least 10% of the requested grant amount) • Grantees will be required to submit Annual Status Reports and a Designed Action Plan (DAP) prior to first reimbursement of funds. • The grant operates as a deferred loan for 3 years with full forgiveness at the end of 3 years if grantee is in compliance with MEBA agreement. • Assignment of a Program Manager – Position to be assumed by the CRA/DDB Project Manager • Addition of a Business Consultant – Position to be awarded according to Purchasing Division procedures
Program Manager • Coordinate eligible applicants with the Business Consultant • Manage reimbursements to client businesses per MEBA agreements and program guidelines • Coordinate client businesses with EDO involvement for post-award guidance • Make preliminary determination regarding eligibility • Coordinate appropriate due diligence on applicants • Manage Business Consultant’s contract &role within the program • Present Business consultant’s report and additional findings regarding applications to the MEBA Board on each eligible application • Manage annual reporting of client businesses
Business Consultant • Review qualified applications and conduct an objective business and financial analysis of each application • Assist client businesses with completing a Designed Action Plan (DAP) • Assist applicants throughout application process • Provide guidance to the Program Manager regarding initial assessment • Advise Program Manager regarding desired format and information for quarterly and annual reports from client businesses • Provide guidance to qualified applicants • Provide MEBA Board via the Program Manager with a unique report of objective findings and analysis of each qualified application • Attend each MEBA Board meeting to discuss information needed by the Board to decide on applications • Coordinate with the Program Manager to ensure that applications are complete and ready for MEBA Board review
Designed Action Plan (DAP) The DAP will contain key elements to support a successful business, including but not limited to: • Implementation Schedule – Timeframes for build-out, setting up the storefront, staffing, stocking, and grand opening projections; • Staffing Plan – Hiring, training, shifts, hours of operation; • Inventory Plan – Inventory projections, ordering, suppliers, storage needs/facilities; • Financial Management Plan – Projected payroll, purchases and expenses including inventory, equipment repair/replacement/additions, marketing, staffing/benefits; and • Marketing Plan – Advertising strategies, event participation, donations. Each client’s DAP will follow these general guidelines, but be prepared as a unique document, tailored to each client’s specific business model and needs.
