Title
Consider approval of an Economic Development Agreement by and between the City of Coppell and Main Street Coppell Property Owners Association, Inc.; and authorizing the Mayor to sign.
Summary
To create more unity and clarity for the entire Old Town Coppell area, the Main Street Coppell Property Owners Association is changing the current signage on the Main Street Coppell entry feature. The sign that currently reads “Main Street Coppell” will be replaced with “Old Town Coppell”. The City of Coppell is providing a grant to replace the current signage. In exchange, the Main Street Coppell Property Owners Association will allow a space on the entry feature for signage for the Coppell Arts Center. They will also allow a space to promote activities at the Arts Center and on the Square.
Fiscal Impact:
The grant shall not exceed $10,000.00. The funds will be provided by the Designated General Fund - Fund Balance for Economic Development.
Staff Recommendation:
Staff recommends approval.
Goal Icon:
Business Prosperity
Community Wellness and Enrichment
Sense of Community
Special Place to Live