TO: Mayor and Members of City Council
THRU: Telly C. Whitfield, Ph.D. - Assistant City Manager
FROM: Christopher Cauley, MPA - Economic & Community Development Director
Kelly Olivera - Budget & Evaluation Director
DATE: June 13, 2022
RE:
Title
Adoption of Special Revenue Fund Project Ordinance 2022-14 for a North Carolina Department of Commerce Rural Economic Development Grant for ChenMed, LLC
end
COUNCIL DISTRICT(S):
Council District(s)
District 5
b
Relationship To Strategic Plan:
Strategic Operating Plan FY 2022- 2026
Goal II: Responsive City Government Supporting a Diverse and Viable Economy
* 2.2: To invest in community places to ensure revitalization and increase quality of life
Goal VI: Collaborative citizen and Business Engagement
* 6.2: To ensure trust and confidence in City government through transparency and high-quality customer service
* 6.3: To inform and educate about local government by enhancing public outreach and increasing community dialog, collaboration, and empowerment
Executive Summary:
The City has been awarded a $300,000 Rural Economic Development Grant from the North Carolina Department of Commerce (NCDOC) for a Building Reuse grant for ChenMed, LLC. The Fayetteville-Cumberland Economic Development Corporation (FCEDC), in partnership with the Economic and Community Development Department (ECD), is assisting ChenMed, LLC with funding for the substantial rehabilitation of an existing commercial facility. The company will undertake substantial renovations of its property at 4101 Raeford Road, and in turn, guarantee the creation of 30 full-time jobs.
The grant requires that the City provide a 5% or $15,000 cash match for the project. Special Revenue Fund Project Ordinance 2022-14 will appropriate $300,000 of grant proceeds and the City's $15,000 match for the project.
Background:
The Building Reuse Program, under the Rural Grants/Programs Section of the North Carolina Department of Commerce, provides grants...
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