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CCDA Resolution No. 13-03 CITY OF TIGARD, OREGON CITY CENTER DEVELOPMENT AGENCY RESOLUTION NO. 13- 05 A RESOLUTION AWARDING A TARGTED IMPROVEMENT GRANT TO JEFFREY ALLEN HOME DECOR WHEREAS, the City Center Development Agency established the Targeted Improvement Program to attract new businesses to revitalize downtown Tigard;and WHEREAS, the Targeted Improvement Program offers matching grants for tenant improvements for new targeted businesses;and WHEREAS, staff and the Urban Renewal Improvement Projects Joint Committee have evaluated Jeffrey Allen Home Decor's application requesting a matching grant for eligible tenant improvements in the vacant 12460 SW Main Street building;and WHEREAS, the Urban Renewal Improvement Projects Joint Committee found the proposal meets the evaluation criteria and recommended approval to the Board of the City Center Development Agency of the matching grant request of$75,000. NOW,THEREFORE,BE IT RESOLVED,by the Tigard City Center Development Agency that: SECTION 1: A Targeted Improvement Program matching grant of Seventy-five thousand dollars ($75,000) is awarded to Jeffrey Allen Home Decor, subject to the terms and conditions to be outlined in the Agency's Letter of Commitment. SECTION 2: This resolution is effective immediately upon passage. PASSED: This day of ,2013. Dcto ender on —City of Tigard Center Development Agency ATT Recorder—City of Tigard City enter Develop nt Agency CCDA Resolution No. 13-03 Page 1