Powell Development Corporation Agenda 2026-05-26
PDC Staff Recommend $22,246 Facade Grant for 55 E. Olentangy
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Description
Powell Development Corporation staff recommended a facade grant agreement with property owner Vincent Margello, offering up to $22,246 in reimbursement for roof coating and siding upgrades at 55 E. Olentangy Street. The grant will cover up to half of the $44,492 project cost and be paid upon completion and inspection.
Contract Details
Contract Amount
Up to $22,246 or 50% of actual project cost, not to exceed
Vendor
MARGELLO, VINCENT
Agency
City of Powell, OH
Contract Type
FACILITIES
Document Date
May 23, 2026
Contract Term
Project must commence within 60 days of permits and be completed within 180 days of commencement
Renewal Date
2027-05-31
Renewal Info
One‑time facade grant tied to completion of the specified project; not a renewable agreement.
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