Latest / Kendall County News - Shaw Local / La Marimba restaurant in downtown Oswego gets $40,000 from village for renovations

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La Marimba restaurant in downtown Oswego gets $40,000 from village for renovations · Kendall County News - Shaw Local

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  Speaker 1: A La Marimba restaurant in downtown Oswego gets forty thousand
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  Speaker 1: dollars from village for renovations. Written by Eric Shelkopp, This
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  Speaker 1: article is being read by an automated voice brought to
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  Speaker 1: you by Everlett. The owner of La Mariimba restaurant in
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  Speaker 1: downtown Oswego will be able to complete a substantial renovation
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  Speaker 1: of the restaurant thanks to a forty thousand dollars grant
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  Speaker 1: from the village. The Oswego Village Board recently approved a
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  Speaker 1: forty thousand dollars economic incentive grant for the restaurant, located
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  Speaker 1: at sixty five Watts Washington, Saint Lamarimba has been in
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  Speaker 1: Oswego since twenty twenty one, when the restaurant took the
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  Speaker 1: space that previously housed Firehouse Pizza. The applicant is proposing
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  Speaker 1: to complete a substantial renovation project, which has already included
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  Speaker 1: the replacement of the roof and some exterior painting to date.
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  Speaker 1: Oswego Economic Development Director Kevin Lady told village trustees they
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  Speaker 1: are now seeking assistance for the next phase of the project,
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  Speaker 1: which will include an extensive reconstruction of the front entrance
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  Speaker 1: and facade, along with the installation of a new pergola
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  Speaker 1: and garage door at the rear of the property. Lady
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  Speaker 1: said the restaurant owner requested forty thousand dollars inches grant
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  Speaker 1: funding to help offset the high building material and construction
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  Speaker 1: costs that exist in the current market. Lady said the
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  Speaker 1: requested incentive amount is based on a total project budget
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  Speaker 1: of one hundred and twenty thousand dollars. Lady said each
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  Speaker 1: of the pending improvements are eligible expenses under the village's
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  Speaker 1: Economic Development Incentive Award program and have a total estimated
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  Speaker 1: value of about eighty thousand dollars. The Economic Development Incentive
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  Speaker 1: Award Program was established to provide financial assistance to new
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  Speaker 1: or expanding businesses within the Village of Oswego. He said.
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  Speaker 1: The general purpose of the Economic Development Incentive Award Program
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  Speaker 1: is to aid in property improvements which enhance Oswego's downtown
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  Speaker 1: business district.