2025 8 19 Work Session Packet website
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Agenda Item XI. H. Resolution 2025-24, A Resolution to Authorize the Submission of a Downtown Improvement Grant for Main Street. Overview The City of Athens is partnering with Main Street Athens to apply for the Tennessee Main Street Downtown Improvement Grant. This grant supports revitalization efforts that preserve Athens’ historic character while boosting economic vitality. The proposal i s strategically aligned with the nationally recognized Four -Point Approach, with a strong focus on design and economic vitality. If awarded, the grant will leverage both public and private funding to make $625,000 worth of improvements downtown, with the City’s direct cost being only $62,500. This strategic investment will not only beautify downtown but also stimulate long-term economic growth and community pride. The Downtown Improvement Grant is $500,000, with an out the door valuation of $625,000 in full due to it being a 75/25% match. This is very strategic in development as $250,000 is required to be downtown façade improvements (a total of $312,5000 worth of i mprovements to downtown businesses) and the rest can be used to improve placemaking infrastructure through various means. For the City, this will include park improvements, wayfinding signage, and streetscapes (for the total of a $312,500 worth of improvements to downtown publicly owned property). The money for the cities portion of the project was previously approved in the 2025-2026 fiscal budget under the Capital Projects Fund with $250,000 allotted to Market Park, as well as some additional funding coming from the $85,000 approved in the budget under Hotel/Motel Tax Fund to assist in the wayfinding and placemaking signage for downtown and the park. The City will be responsible for financial coordination of this project, as well as working in tandem with SETD and Main Street Athens to administer the grant. The project will follow our procurement and purchasing policy, and the city finance department’s disbursement schedule. Action to Consider Motion, second, and majority vote are needed to authorize partnership with Main Street. Affected Departments Administration, Finance, Parks and Recreation, Public Works 98