The Merrill Redevelopment Authority on Tuesday unanimously approved a resolution authorizing a development agreement between the city and Mark Raymer, for the rehabilitation of property located at 1504 W. Main St., which includes a $30,000 TIF development incentive.
As outlined in a plan released by the city, the project consists of a mixed use development to include a completely renovated first-level to accommodate three leasable commercial spaces, one space of which will be leased to a newly configured storefront for the existing commercial business on the property. The second-level is planned to be completely renovated into two new apartments.
All interior areas are planned to be completely remodeled with new flooring, ceiling, walls and updated electrical and plumbing, as necessary to create fully-improved commercial and residential space.
The total cost of the project is an estimated $376,000 based on similarly designed developments.
Plans also include a completely re-constructed exterior to include three new separate and independent business storefronts with new entrances, windows and designed exterior surfaces for both south and west elevations as well as re-surfacing of the existing parking lot.
The matter will now be passed on for final approval by the Common Council next Tuesday. The Council meeting is set for 7 p.m. in the council chambers at city hall.