OTHERAPPROVED

Community Redevelopment Agency Meeting Agenda April 2026

CRA Awards Facade Grant To 511 Home Source Inc.

$15,652.38City of New Smyrna Beach511 HOME SOURCE INCApril 24, 2026

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Description

The CRA entered into a small-scale commercial facade and property improvement grant agreement awarding $15,652.38 to 511 Home Source Inc. for exterior upgrades at 511 N. Orange Street. The reimbursable grant will fund half of the estimated $31,304.75 project cost for facade enhancements, paver repairs, painting, and new doors and windows.

Contract Details

Contract Amount

$15,652.38

Vendor

511 HOME SOURCE INC

Agency

City of New Smyrna Beach, FL

Contract Type

OTHER

Document Date

April 24, 2026

Contract Term

Work to begin within 30 days of April 28, 2026 and be completed and approved by February 15, 2027, with up to two extensions totaling 240 days possible

Renewal Date

2027-02-15

Renewal Info

Grant agreement requires construction to begin within 30 days of April 28, 2026 and be completed by February 15, 2027; CRA/Economic Development Director may approve up to two extensions totaling 240 additional days, after which further extensions require CRA Board approval. Improvements must be maintained for five years, and sale or lease within five years triggers repayment or assignment conditions.