CRA-4. - Establish North Beach Commercial Lease Subsidy ...

A RESOLUTION OF THE CHAIRPERSON AND BOARD OF DIRECTORS OF THE NORTH BEACH COMMUNITY REDEVELOPMENT AGENCY ("NORTH BEACH CRA"), ACCEPTING THE RECOMMENDATION OF THE NORTH BEACH CRA ADVISORY COMMITTEE, AT ITS JUNE 9, 2026 MEETING, AND APPROVING THE ESTABLISHMENT OF A ONE YEAR PILOT NORTH BEACH CRA COMMERCIAL LEASE SUBSIDY PROGRAM TO PROMOTE COMMERCIAL OCCUPANCY AND INCENTIVIZE PERMITTED BUSINESS ACTIVITIES IN THE NORTH BEACH COMMERCIAL CHARACTER OVERLAY DISTRICT WITHIN THE NORTH BEACH CRA; AND FURTHER, APPROVING FUNDING FOR THE PILOT PROGRAM IN THE NOT-TO-EXCEED AMOUNT OF $80,000, CONTINGENT UPON THE APPROVAL AND APPROPRIATION OF SUCH FUNDS DURING THE NORTH BEACH CRA FY 2027 BUDGET PROCESS.