49 PalmettoAt the Apalachicola City Commission April 6 meeting, the City’s Revolving Loan Committee got a new member and recommended for city commission approval an additional $10,000 from the revolving loan program towards Anna-Maria Cannatella’s 49 Palmetto building project.
Back in June 2009, the Revolving Loan Committee approved Cannatella’s initial request for a $50,000 low interest loan. The purpose of the loan was to finish the renovation of the historic structure located at 49 Avenue G into a center for southern folk art.
With job creation being one of the major qualifiers of the loan program, Cannatella's proposal included the creation of 1.5 new positions. The positions consist of one fulltime assistant gallery curator and one part-time cleaning position that would also manage short term rentals of the facility.
Currently, Cannatella has invested a total of $315,000 in private funds toward the project. However, in an effort to make the facility conducive for public use, construction cost exceeded what was originally anticipated.
“An additional amount of $10,000 would greatly help us complete this project to our professional expectations and in time for the 2010 Apalachicola Historic Tour of Homes”, Cannatella said.
At the Revolving Loan Committee’s March 30 meeting, committee members agreed to the request and forwarded their recommendation to the city council for final approval.
In addition, city commissioners unanimously filled a vacancy on the Revolving Loan Committee with first year Franklin County School teacher Roderick Robinson.
Back in June 2009, the Revolving Loan Committee approved Cannatella’s initial request for a $50,000 low interest loan. The purpose of the loan was to finish the renovation of the historic structure located at 49 Avenue G into a center for southern folk art.
With job creation being one of the major qualifiers of the loan program, Cannatella's proposal included the creation of 1.5 new positions. The positions consist of one fulltime assistant gallery curator and one part-time cleaning position that would also manage short term rentals of the facility.
Currently, Cannatella has invested a total of $315,000 in private funds toward the project. However, in an effort to make the facility conducive for public use, construction cost exceeded what was originally anticipated.
“An additional amount of $10,000 would greatly help us complete this project to our professional expectations and in time for the 2010 Apalachicola Historic Tour of Homes”, Cannatella said.
At the Revolving Loan Committee’s March 30 meeting, committee members agreed to the request and forwarded their recommendation to the city council for final approval.
In addition, city commissioners unanimously filled a vacancy on the Revolving Loan Committee with first year Franklin County School teacher Roderick Robinson.
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