TROY OHIO  TROY CITY COUNCIL COMMITTEE MEETING COUNCIL CHAMBERS, CITY HALL 100S. Market Street, Troy, Ohio  MONDAY,. JULY 29,2024, 6:00PM Community & Economic Development Committee  (Schilling [Chm.), Pierce, Snee)  1. Provide a recommendation to Council regarding the acceptance of the Final Plat of The Reserves at Cliff Oaks Subdivision - Phase One and the dedication of Right-of-Way, subject to the approval and recommendation of the Troy Planning Commission on July 31, 2024. This subdivision is located along 2. Provide a recommendation to Council regarding two petitions filed for the annexation of roadway on South County Road 25 A at WACO. The petitioner is Waco Historical Society, Inc. One petition is for 2.300 acres of roadway WACO-AAMNEXATON) and the otheri is for 0.129 acres of roadway (WACO- BANNEXATION). For eachy petition, recommendations are requiredregarding: A. Statement of municipal services tol be provided to the area proposed for annexation,  Fenner Road, north of the Edgewater Subdivision.  B. Statement of buffering related toi incompatible uses,  C.Acceptance  As the Cityi is required to provide the above to the County within 20 days of the filing of the annexation  withi the County, consideration of emergency legislationisn requested.  Finance Committee  (Severt [Chm.), Schilling, Weslfall)  1. Provide a recommendation to Council regarding the recommendation of the Loan Review Committee that Council approve a $200,000 Small Business Economic Development Revolving Loan Fund (SBD RLF) to Andy Routson and Luke Stull, oni behalf ofF FermentumE Enterprises LLC, forfunds tot financet thep purchase of additional restaurant equipment to expand the kitchen at their location at 8 S. Market Street. Consideration of emergency legislation is requested sO that the loan can be closed without delay and  the business can proceed with the purchase of additional equipment.  Streets & Sidewalks Committee  (Phillips [Chm.), Schilling, Weslfall)  1. Provide arecommendation to Councilo authorizing the Director of Public Service and Safety to advertise forb bids and enter into a contract for the South Stanfield Road Reconstruction Project Phase 2at atotal  cost not to exceed $1,795,000.  Other Committees/lems may be added.  7-26-2024 Cc: Council Mayor Mr. Titterington, Mr. Kerber Mr. Frigge, Departments, Media    TROY OHIO  CSED  MEMORANDUM  TO: FROM: DATE:  Mr. Rozell, President of Patrick E.. J. Titterington July 26, 2024  6  SUBJECT: FINAL PLAT APPROVAL, THE RESERVES. AT CLIFF OAKS - PHASE ONE AND DEDICATION OF RIGHT-OF-WAY That Council considers Final Plat Approval for The Reserves at Cliff Oaks - Phase One, including the dedication of Right-of- The July 24 meeting of the Troy Planning Commission had to be rescheduled to July 31 based on the availability of Commission members to attend the meeting. The developer of the subdivision known as The Reserves at Cliff Oaks had submitted Phase One for Final Plat Approval for the Planning Commission agenda. The developer has asked if there could be a review of the Final Plat by a Committee of Council ahead of the August 5 meeting of Council, assuming that the Final Plat is approved and recommended by the Planning Commission on July 31. Otherwise, consideration of the Final Plat would be held until the August 12 Committee meeting and the Council agenda of August 19. As a Council Committee session has been scheduled for July 29, staff is asking that this Final Plat be assigned for Committee consideration, subject  RECOMMENDATION: BACKGROUND:  Way, subject to the approval and recommendation of the Troy Planning Commission on. July 31, 2024.  to a positive recommendation for approval by the Troy Planning Commission on. July 31. Details regarding the Final Plat of the Reserves at Cliff Oaks - Phase One include:  This development is located along Fenner Road, north of the Edgewater Subdivision. The developer is Bogle The Planning Commission approved the Preliminary Plan of this Subdivision on March 13, 2024. City staff has reviewed Phase One in detail and has recommended that the Final Plat of The Reserves at Cliff Oaks - Phase One and the dedication of Right-of-Way be approved by the Troy Planning Commission and The Final Plat of Phase One is in general conformance with the approved Preliminary Plan. There will be 3.599 acres of new right-of-way to be dedicated - Hoying Drive, Netherfield Circle, Cliff Trail, and Longbourn Lane. There is also .369 acres of existing street right-of-way in Phase One. The approved zoning is R-4, Single-Family Residential District, which requires a minimum lot size of 9,000 square feet. Actual lot sizes range from .207 acres (9,016 square feet) to. .478 acres (20,821 square feet). The developer will be providing private open space for this subdivision, which will be maintained by the future HOA; however, no private open space is included in Phase One. The open space will be a part of future Phase  Investments, LLC; Doug Ernst, sole member. recommended for approval to City Council. The subdivision will be developed in four sections. Phase One is an area of 21.301 acres with! 54 buildable lots.  Three.  A copy of the plat map is attached. REQUESTED ACTION: Commission on July 31, 2024.  Itwould be appreciated if you would assign to a Committee of Council consideration of the Final Plat of The Reserves at Cliff Oaks = Phase One and the dedication of Right-of-Way, subject to the approval and recommendation of the Troy Planning  encl.    THE RESERVES AT CLIFF OAKS-PHASE ONE Ru PTI 1SRPTI5SI WY CNY STAE  PLAT  DRAS  NOES  VICINTY/MAP  CYoF ROY CYOFT TROY COUNCIL HOME  hoi Engineering AE  AiLb RCPSE    THE RESERVES AT CLIFF OAKS-PHASE ONE  ALS PLSAPTISSI Y  STAE  FENNERI ROAD (RWV  ,  M  DATA  ChoiceOne Engineering E    THE RESERVES AT CLIFF OAKS-PHASE ONE  RLES PLIERET 11561  SEESET20F4  SEESHEE  ME"  40F CURVE AND ChoiceOne Engineering     TROY OHIO  MEMORANDUM  TO: FROM: DATE: SUBJECT:  Mr. Rozell, President of Council Patrick E. J. Titterington July 26, 2024  ANNEXATION FROM CONCORD TOWNSHIP, WACO - A ANNEXATION, 2.300 ACRES, MORE OR LESS; ANNEXATION OF ROADWAY OF SOUTH MARKET STREET (SOUTH COUNTY ROAD 25A)  An annexation petition from Concord Township was filed with the Miami County Commissioners on July 19, 2024, and with the Clerk of Council on July 26, 2024, by William J. Fulker, agent on behalf of Waco Historical Society, Inc. The annexation petition is for a total of2.300 acres, more or less, of. roadway of South Market Street (South County Road 25A). Acopy of the annexation plati is attached. This annexation 1. Twenty days from the date of filing with the County, the City is required to approve a statement of what municipal services will be provided to the area proposed for annexation and a time frame for 2. Twenty days from the date of filing with the County, the City is required to approve legislation that the City will require buffering of anyi incompatible uses developed on the newly annexed territory from 3. Twenty-five days from the date of filing with the County, the City is to enact legislation consenting to or objecting to the annexation. Failure to do SO shall be considered consent by the City when  was filed under the Type 2 Expedited Procedure, which has requirements of:  providing those services.  existing uses on land remaining in the Township.  reviewing the annexation petition.  Based on the Statutory time frame, we ask for consideration of emergency legislation.  REQUESTED ACTION:  Itw would be appreciated if you would assign to a Committee of Council consideration of the WACO - A  Annexation (2.300 acres). Copies of the appropriate statements are attached.  encl.    MUNICIPALSERVICES  ANNEXATION OF:  2.300. ACRES, MORE OR LESS, CONCORD TOWNSHIP WACO- A. ANNEXATION (2.300 ACRES)  Annexation of Roadway of South Market Street (South County  Road 25A)  PETITIONER:  Waco Historical Society, Inc. 1865S. County Road 25A Troy, OH 45373 William J. Fulker Attorney at Law 12S. Cherry Street Troy, Ohio 45373  AGENT FOR PETITIONER:  The Ohio Revised Code requires that a municipal corporation shall adopt, by ordinance or resolution, a statement indicating what services the municipal corporation will provide, and an approximate date which itv will provide them, to the territory proposed for annexation, upon annexation. Under the ORC Section by that the WACO-A/ Annexation (2.300 acres) wast filed, the statement of services must be approvedk by Council and filed with the County not later than 20 days after the annexation petition was filed with the County.  Such: statement is as follows:  Thati immediately upon the effective date of the annexation of the 2.300 acre territory, the City ofl Troy, Ohioy will provide tot the entire annexed: teritory such services as are otherwise provided toi incorporated aregs under the Code of Ordinances of the City of Troy, Ohio in accordance with applicable contemporary law, practice, custom, regulation, rates andi resources. The services of the City of Troy currentlyi include, but are not limitedi to: police, fire, emergency medical service, refuse collection, repair and maintenance of publicly dedicated streets, access to existing municipal sewer and water lines, municipal zoning, municipal parks, municipal  recreation, and general municipalg govemment.  7-26-2024    MUNICIPAL ZONING REQUIRING BUFFERING  ANNEXATION OF:  2.300 ACRES, MORE OR LESS, CONCORD TOWNSHIP WACO- - A ANNEXATION (2.300 ACRES)  Annexation of Roadway of South Market Street (South County  Road 25A)  PETITIONER:  Waco Historical Society, Inc. 1865S. County Road 25A Troy, OH 45373 William J. Fulker Attorney at Law 12S. Cherry Street Troy, Ohio 45373  AGENT FOR PETITIONER:  The Ohio Revised Code requires that a municipal corporation shall adopt, by ordinance or resolution, astatement indicating that the municipal corporation shall require buffering of anyi incompatible uses developed oni the newly annexed teritory from existing useson! land remaining in thet township. Under the ORC Section that the WACO - A Annexation (2.300 acres) was filed, this statement must be approved! by City Councilnotk later than 20 days after the onneadtionpetmionwas filed with the County.  Such: statement is as follows:  Ift the 2.300 acres known as the WACO - A Annexation (2.300 acres) is annexed and becomes subject to zoning by the City of Troy and that City of Troy zoning permits uses in the annexed area that the City of Troy determines are clearly incompatible with the uses permitted under current Miami County or Concord Township Zoning Regulations in the adjacent land remaining within Concord Township from which the territory was annexed, the Troy City Council will require, in the zoning ordinance permitting the incompatible uses, the owner ofi the annexed territory to provide a buffer separating the use of the annexed territory and the adjacent land remaining within the township. For the purposes of this statement, "buffer" shall include open spaces, landscaping, fences, walls, and other structured elements; streets and street rights-of-way; and bicycle and  pedestrian paths and sidewalks.  7-26-2024    MIAMI COUNTY COMMISSIONERS THIS DAY OF  MIAIM COUNTY ENGINEER UST THIS. DAY OF. MIAMI COUNTY ENGINEER CITY OF TROY COUNCIL. THIS PLAT WAS REVEWED AND ACCEPTED BY THE cY OF TROY COUNCIL THIS DAY OF ORDINANCE NO. MAYOR  ANNEXATION TO THE CITY OF TROY TOWN RANGE SECTION CONCE TROY MIAKUNOHIO G NiD BCHOSO BEARINGS N O00T VRS SCALE: 1"=100' 100 200  VOLUME. MIAMI COUNTY RECORDER'S PAGE RECORD OF PLATS  THIS PLAT WAS REMEWED AND APPROVED BY us THIS PLAT WAS INSPECTED AND APPROVED BY  34  GREGORY A. SIMMONS, PRESIDENT TEDS S. MERCER, WADE WESTFALL, MEMBER H.  ACRES  LEGEND REBAR WCAP o". IRON PINF FOUND s MAG NAIL SET MAG NAIL! FOUND CORP. LIMITS  20_ BY  FEE MIAMI COUNTY AUDITOR APPROVED AND TRANSFERRED, MIAMI COUNTY AUDITOR BYDEPUTYA AUDITOR  PRESIDENT OF COUNCIL CLERK OF COUNCIL.  RAILROAD SPIKE FOUND MIAMI RECORDER BY DEPUTY RECORDER  COUNTYROAD25A  NAga 407.89  2.3001 TOTAL ACREST TO BE ANNEXED! HEREON  1.901/ ACRESTO BEA ANNEXEDHEREON  0.399 ACRESTO BEA ANNEXEDHEREON  59"  SURVEY REFERENCE, SURVEY 131  BEARING DIST. $0036'12"W 107.84' NB95512E 56.00' $8815'46"W 56.02' SBB41'26"W 23.01  CERTEICATION CERIFY THIS PLAT. WAS PREPARED IN CHAPTER 4733.37 STANDARDS OF PLATOF SURVEYS AND ALSO B TOT THE O.R.C. CHAPTER 711 FOR RECORD PLANS AND. WAS CONDUCTED UNDER MY DIRECT SUPERVISION AND BASED ON ACTUAL FIELDWORK PERFORMED IN DECEMBER, 2022.. ALL MEASUREMENTS ARE CORRECT AND MONUMENTS ARE SETORT TO BESET AS SHOWN. ALLEN J. BERTKE, P.S. #8629  WTH  DATE: 06-18-2024 DRAWNE BY: RMF JOB NUMBER: MIATRO2231 SHEET NUMBER 1oF 1  ALLEN BEKINE 8629 ECISTER  ChoiceOne Engineering  DATE    WACO-A/ ANNEXATION (2.300 ACRES)  N    TROY OHIO  MEMORANDUM  TO: FROM: DATE: SUBJECT:  Mr. Rozell, President of Council Patrick E. J. Titterington July 26, 2024  ANNEXATION FROM CONCORD TOWNSHIP, WACO - B ANNEXATION, 0.129 ACRES, MORE OR LESS; ANNEXATION OF ROADWAY OF SOUTH MARKET STREET (SOUTH COUNTY ROAD: 25A)  An annexation petition from Concord Township was filed with the Miami County Commissioners on July 19, 2024, and then refiled on July 24, 2024 to correct the legal description, and filed with the Clerk of Council on July 26, 2024, by William J. Fulker, agent on behalf of Waco Historical Society, Inc. The annexation petition is for a total of 0.129 acres, more or less, of roadway of South Market Street (South County Road 25A). A copy of the annexation plat is attached. This annexation was filed under the Type 1. Twenty days from the date of filing with the County, the City is required to approve a statement of what municipal services will be provided to the area proposed for annexation and a time frame for 2. Twenty days from the date of filing with the County, the City is required to approve legislation that the City will require buffering of anyi incompatible uses developed on the newly annexed territory from 3. Twenty-five days from the date of filing with the County, the City is to enact legislation consenting to or objecting to the annexation. Failure to do sO shall be considered consent by the City when  21 Expedited Procedure, which has requirements of:  providing those services.  existing uses on land remaining in the Township.  reviewing the annexation petition.  Based on the Statutory time frame, we ask for consideration of emergency legislation.  REQUESTED ACTION:  Itw would be appreciated if you would assign to a Committee of Council consideration of the WACO - B  Annexation (0.129 acres). Copies of the appropriate statements are attached.  encl.    MUNICIPAL SERVICES  ANNEXATION OF:  0.129 ACRES, MORE OR LESS, CONCORD TOWNSHIP WACO - B ANNEXATION (0.129 ACRES)  Annexation of Roadway of South Market Street (South County  Road 25A)  PETITIONER:  Waco Historical Society, Inc. 1865 S. County Road 25A Troy, OH 45373 William J. Fulker Attorney at Law 12S. Cherry Street Troy, Ohio 45373  AGENT FOR PETITIONER:  The Ohio Revised Code requires that a municipal corporation shall adopt, by ordinance or resolution, a statement indicating what services the municipal corporation will provide, and an approximate date by which itwill provide them, toi the teritory proposed for annexation, upon annexation. Under the ORC Section that the WACO-B/ Annexation (0.129 Acres) was filed, the: statement ofs services must be approvedk by Council andi filed with the County not later than 20 days after the annexation petition was filed with the County.  Suchstatement: is as follows:  That immediately upon the effective date oft the annexation ofi the 0.129 acre territory, the City of Troy, Ohio will provide tot the entire annexed teritorys suchs services as are otherwise providedi loincomporatedareosu under the Code of Ordinances of the Cily of Troy, Ohio in accordance with applicable contemporary law, practice, custom, regulation, rates andi resources. The: services of the City ofl Troy currently include, but arenot limited to: police, fire, emergency medical service, refuse collection, repair and maintenance of publicly dedicated streets, access to existing municipal sewer and water lines, municipal zoning, municipal parks, municipal  recreation, and general municipal govemment.  7-26-2024    MUNICIPAL ZONING REQUIRING BUFFERING  ANNEXATION OF:  0.129 ACRES, MORE OR LESS, CONCORD TOWNSHIP WACO- B. ANNEXATION (0.129 ACRES)  Annexation of Roadway of South Market Street (South County  Road 25A)  PETITIONER:  Waco Historical Society, Inc. 1865S. County Road 25A Troy, OH 45373 William J. Fulker Attorney at Law 12S. Cherry Street Troy, Ohio 45373  AGENT FOR PETITIONER:  The Ohio Revised Code requires that a municipal corporation shall adopt, by ordinance or resolution, astatement indicating that the municipal corporation: shall require buffering of any incompatible uses developed ont the newly annexed territory from existing uses onl landi remaining in the township. Under the ORC Section that the WACO - B Annexation (0.129 acres) was filed, this statement must be approvedk by City Councilnotiater than2 20 days after the onnexationpelionwas filedwitht the County.  Such statement is as follows:  Ift the 0.129 acres known as the WACO - B Annexation (0.129 acres) is annexed and becomes subject to zoning by the City of Troy and that City of Troy zoning permits uses in the annexed area that the City of Troy determines are clearly incompatible with the uses permitted under current Miami County or Concord Township Zoning Regulations in the adjacent land remaining within Concord Township from which the territory was annexed, the Troy City Council will require, in the zoning ordinance permitting thei incompatible uses, the owner of the annexed territory to provide a buffer separating the use of the annexed territory and the adjacent land remaining within the township. For the purposes of this statement, "buffer" shall include open spaces, landscaping, fences, walls, and other structured elements; streets and street rights-of-way; and bicycle and  pedestrian paths and sidewalks.  7-26-2024    VOLUME PAGE. MIAMI COUNTY RECORDER'S RECORD OF PLATS  ANNEXATION TO THE CITY OF TROY TOWN RANGE SECTION CONCORD ROY MIAMI, OHIO VNSHIP NADB ENT, po ETHORK SCALE: 1"-60' 30 60 120  34 COUNTY LEGEND as E SEF REBAR o IRON PIN FOUND MAGN NAIL SET EXISTING CORP. UMITS  FEE MIAMI COUNTY AUDITOR APPROVED AND TRANSFERRED. MIAMI COUNTY AUDITOR BY DEPUTY AUDITOR  RAILROAD MAG NAIL FOUND SPIKE FOUND MIAMI COUNTY RECORDER BY DEPUTY RECORDER  4w  MIAMI GOUNTY COMMISSIONERS THIS PLAT WAS REVEWED AND APPROVED BY Us THIS DAY OF. 20 GREGORY A. SIMMONS, PRESIDENT TED S. MERCER, VIGE-PRESIDENT WADE H. WESTFALL, MEMBER MIAIM GOUNTY ENGINEER THIS PLAT WAS INSPECTED AND APPROVED BY US THIS. DAY OF MIAMI COUNTY ENGINEER CITY OF TROY COUNCIL THIS PLAT WAS REVEWED AND ACCEPTED BY THE CITy OF TROY COUNCIL THIS. DAYOF ORDINANCE NO. MAYOR  ExR/ SE9: BR/  F/W  GOUNTY R/W 25A  INLOT 0.129 ACRESTO BEANNEXED HEREON  20_  20_,BY  PRESIDENT OF COUNCIL CLERK OF COUNCIL  ÇERTEICATION, HEREBY CERTFY THIS PLAT. WAS PREPARED IN ACCORDANCE WTH O.AC, CHAPTER 4733.37 STANDARDS 711 OF PLAT OF SURVEYS AND ALSO CONFORMS CONDUCTED TO UNDER THE O.R.C. MY DIRECT CHAPTER SUPERVISION FOR AND, RECORD BASEDO PLANS ON AND ACTUAL WAS ALLEN FIELDWORK PERFORMED IN DECEMBER, 2022. ALL MEASUREMENTS ARE CORRECT AND MONUMENTS ARE SETORTOE BESET AS SHOWN. ALLEN J. BERTKE, P.S. #8629  PREPAREDEY: OF ChoiceOne BERIKE Engineering 8629 FCISIENS  DATE: 07-12-2024 DRAWNE BY: RMF JOBN NUMBER: MIATRO2231 SHEETNUMBER 10F1  SURVEY LAND SURVEY REFERENCE 17,PAGE 131 LOT SURVEY 24, PAGE 96 EC. P.B.  DATE    WACO-B ANNEXATION (0.129 ACRES)  ass  N W  E    TROY OHIO  PatickE..Titerington  City Director  atigumelisyphag  FiAs  MEMORANDUM  TO: FROM: DATE: SUBJECT:  Mr. Rozell, President of Council  Patrick E.. J. Titterington, Director of Public Service and Safety  B  July 23, 2024  SBD RLF LOAN APPLICATION - FERMENTUM ENTERPRISES LLC-8 8 S. MARKET STREET  RECOMMENDATION:  That Troy City Council accepts the recommendation of the Loan Review Committee for a new loan from the Small Business Economic Development Revolving Loan Fund (SBD RLF) to Andy Routson and Luke Stull, on behalf of Fermentum Enterprises LLC, for funds to finance the purchase of additional restaurant equipment to expand the In2023, Fermentum Enterprises LLC, received a SBD RLF of $150,000 to finance equipment for their new location at8S. Market Street. Crafted & Cured offers charcuterie, sixty (60) tap beers, ciders, meads, boutique wines, The owners have recently purchased the building and now seek a SBD RLF loan in the amount of $200,000, with a term of 9.5-years at 4.25% APR. The loan will improve and expand the kitchen to increase the food menu that will complement their existing offerings. Collateral will be a second position on the building behind Abbey Credit Union's loan of $1.4MM. The building was recently appraised at $1.8MM and was purchased for $1.75MM. The applicants estimate that a total of 13 new jobs (8 full-time and 5 part-time) will be created over a three-year period after completion oft the project. Fermentum Enterprises LLC will provide $1,750,000 in equity (90% of the project cost).  kitchen at their location at 8 S. Market Street.  BACKGROUND:  champagnes, cocktails, whiskeys, bourbons, artisanal meats, cheese, and accoutrement.  For this project, the applicant is seeking a loan as follows: Total project costs of approximately $1,950,000 Loan repayment term of 114 months (9.5 years) Collateral will be a second position on the building Ap personal guarantee from Andy Routson and Luke Stull  Loan principal of $200,000, exclusive of the closing fees which will be paid directly by the applicant  4.25% simple. APR and installed  Language willl bei included to provide fort the City to recalli thel loani if kitchen equipment is not purchased  Expedited approval is requested so that the business can proceed with the purchase of additional equipment. The Loan Review Committee reviewed this loan application on. July 18, 2024, and recommended it be approved Itwould be appreciated if you would assign to a Committee of Council consideration of the SBD RLF loan to Fermentum Enterprises LLC as outlined above. Consideration of emergency legislation is requested sO that the loan can be closed without delay and the business can proceed with the purchase of additional equipment.  with the above terms. Information considered by the Loan Review Committee is attached.  REQUESTED ACTION:  encl.  100 South Market Street, Troy, OH 45373-7303  Make a Mo04.    Tim Davis  TROY DIVILOPMINT DEPARTHENT  Development Director tim.davs@troychiogox  TO: FROM: DATE: SUBJECT:  Members of the Loan Review Committee Tim Davis, Development Director  April 20, 2022  Loan Request (Crafted & Cured)  Andy Routson and Christian Alvarez, owners and operators of Fermentum Enterprises LLC, are requesting a $150,000 Small Business Development (SBD) Loan. The loan will be used to Crafted & Cured started in 2016, originally located at Wayne Avenue in downtown Dayton, and offers: charcuterie, sixty (60) tap beers, ciders, meads, boutique wines, champagnes, cocktails, whiskeys, bourbons, artisanal meats, cheese & accoutrement. In addition, lunch offerings The applicants have worked with US Bank to secure a $150,000 loan and are investing $40,000 of private funding, bringing the total project cost to $340,000. The project breakdown is 44% City of Troy, 44% US Bank, 12% private equity. The applicants are offering a 1st position lien on the equipment (attached) and qualify for a 2.75% interest rate based on a nine and one-half (9.5)year term, with the first six months interest-only. The interest rate is based upon the revised SBD program guidelines recommended by the SBD loan committee and approved by council earlier Attached you will find the completed application, business plan, equipment list, and projected employment figures. The applicants project that a total between 10-15 jobs will be created after Staff recommends the Loan Review Committee provide a positive recommendation to City  purchase equipment to operate Crafted & Cured at 8 South Market Street.  including: soups, salads, & sandwiches will be available for dine-in & carry out.  this year.  project completion.  Council, noting the following terms and conditions:  Total project costs of $340,000 Loan principal of $150,000  Loan repayment term of 114 months (9.5 years) 2.75% interest rate, with six months interest-only payments Collateral will be 1st position lien on the equipment. Personal Guarantees will be provided by Mr. Routson & Mr. Alvarez Expedited approval is requested so that the business can purchase equipment and  close on the loan  1005outhMarketStreet, Troy,0H45373-7303    City of Troy, Ohio Application  TROY Small Business Development Revolving Loan Fund  DAVELOPHENT DEPARTMENT APPLICANT:  Fumentun EDpatIS LC 437-57A-4777  nla Fax Number 47-341751 FederalI.D.#: Faxl Number 47-32/757 FederalI.D.#:  Name  Phone) Number  camnanegmal.dm  Email Address  BUSINESS: (Borrower! Name)  Fermentm EMrprip LIL 937-572-4777 niQ  Name  Phonel Number  angurdepnuam  Email Address  CURRENT ADDRESS Sdwuth manut (hilt  OH 45373  Street Street PARTNERSHIP SOLEPROPRIETOR  Iy  State State  ZipCode ZipCode  NEW ADDRESS (ifrelocating): TYPE OFI BUSINESS:  City  SCORPORATION CCORPORATION  LIMITEDLIABILITY COMPANY  NAMES AND ADDRESSES OF OTHER OWNERS WITH 5% ORI MORE OWNERSHIP INTEREST:,  Aady Routien 1LE mhtlft, unit 1062 pam,DH 45403 937-572-4777 Chifhan Alnz 34A3 hlrhun Ra DUUInLL,AH 1740937-1mAW7,  Name Name Name  Address Address Address  City City City  State Zip Code Phonel Number State Zip Code Phone Number State Zip Code Phone Number  Crfpuun Description OfCurrent OERIE Operation: charcuttnle I0D tpuAluthrme bikAiH and miadf MfHdfa MERL rthll CftblLL pnumiaar and barhge Aftall anga champagne and ulnl not difhbvkk tpocr ana mariyt. amlailbay With an empnalif on burbm  wi!l bL OFAICR. packagin foga  cayant, mnalnh,  Deseription OfProposed! Project mataap WWII alo WPlHh Ofnrea  cnfkdmmana will leaSh Bobuthmanult dhet and IQVEAppeIL #unOkin Imprumenff hfnichth Kithen hy acembmnart (kifngy haR t a chave bay bull a wIE AODILK withtp gyfirh and baR WH Conrp, and a bar fry f/brbm Page20f4 CCL. NeceSany mpnvement h hnifh dining'  roum patmng ant ppical ivent ppalk.    PINANCIALPACKAGEREQUESTED. Alle applicants MUSTprovide. 10% ofthe SBD Loan AMoHt.  SOURCES SBDI Loan Requested: Equity Provided: Other Loans:  AMOUNT ($) $150,000 J40,000 857,000.00  USES  Epipmeatfnhe Coders/Beer chys Boc, Shelg.sigge  Bank: BankLO.C.: Suppiier, Other: TOTAL;  #340,000.00  INDICATE TE STATUS OF OTHER FINANCING. AND WHENITWILLBE AVAILABLE:  LENBER: DATB: DER: DATE: CURRENTI DEBT: LENDER:  Name Name  Address Address  Contact  Phonel Nunber  upnthDRHgh AnthenyRohlk PAD-328-537  VContact (ASAP) Phonel Number  Name  Address 'ferm:  Contact raymei  Phone Number  Original Loan: Remaining Balance: LENDER:  1-PVU-1S-08l  Prappu Manutplan ha: ABAPAELRALCmA  Name  Address  Contact  Phone Number  Original Loan:) #30,900.00 TemmlDO-mmINS Payment: 8722.08  Remaining Balance: #7,4343  LENDER:  Name  Address Term:  Contact Faymenz  Phonel Number  Original Loan; Remaining Baiance: LENDER:  Name  Address Term:  Contact rayment  Phonel Number  Original Loan: Remaining Balance: Page3of4    PROPOSED PROJECT: STARTI DATE:  march - L 20ka  ESTIMATED DATEI RLFLOANI ISI NEEDED: march/ 1028  CURRENTI  TOTALNUMBER OF  EMPLOYEES: ful-hmb  Nt part-Tine Part Time  Full7 Time  PROPOSED NEW JOBS: (Eater for each year "new) jobs" withont totaling the previons year)  Ist YEAR New Full' Time 4 ) C New! Part Time  2nd YEAR  3rdYEAR  TOTAL  ( 41 ) ( R  2  8 bfill-hime  New Full1 Time New Pull1 Time Newl Full Time Newl Part Time New Part Time New Parti Time  A R C Fpaxt-hme  STARTING WAGEI RATE1 FORI NEWI EMPLOYEES:  JOBTITLE  #HIRES 5 5 5 5 SBDI Loan Terms Tent to fifteen years = current Primel Rate;  WAGE RAT: 8404Hak #12/hRtpc #IB/hoRt, tips #IB/houR +hc AIr-/hoIRthp Fifteen to twenty years E current Prime Rate plus 1%.  General MANAAK BAHHNAeHE Chruhlt mnt MMIEL Bach Mf #vçe Less than ten years = 0,5%1 below current  Prime Rate  Requested Loan Term: 95-YpARS  Le. 5 years at 2.75% MYI KNOWLEDGE. SIGNATURE OF APPLICANT:  BY SIGNINGTHIS) POBMICATPTHAFTNE, ABOVEINPORMATION. IS' TRUE AND ACCURATE TOTHEI BESTOF  -  DATE:  Lbrs  3l122  Revision Date 12/01A8- Page4of4    cofoo LF HEE EII, lin.  CRAFTED & CURED  VIS m AISATIL 0060  Crafted & Cured Business Plan Lockbox 290 Development 2022 8South Market Street Troy, OH  Andy Routson Co-Owner andy@erafedncured.com Christian. Alvarez, Co-Owner hritangerftacnourdcon    LExecutive Summary a. Vision & Mission b.E Background c. Purpose II. Market Analysis a. Industry b.N Market c. Competition II. Products & Services a. Hours of Operation b. Core Products c.N Menus d. Additional Services IV.1 The Organization a. Organizational Structure b.E Keyl Players c.Counter-Service Culture V.Marketing & Sales a. Location Strategy b.N Marketing Tools c.N Marketing Tactics  1    LE Executive Summary a. Vision & Mission  At Crafted & Cured, our mission is to serve our community and patrons with the most unique selection ofcraft beer, boutique wines, champagnes, cured meats and artisanal cheeses. At Crafted & Cured, we strive to provide a service that is memorable in a setting thati is ai tribute to history. We look to educate and be educated on all things crafted and cured both regionally and Our 60+ tap system showçases rare offerings of craft beer, ciders, and meads along with many of the classic favorites. Our cured elements deliver a unique mix of charcuterie boards consisting of meats, cheeses, oils, vinegars, fruits, vegetables and select seafood to culture our patron's palette. The Crafted & Curedteam aims to always be a beacon of service and an anchor in the community as an integral part oft the City ofTroy and the greater Dayton community.  worldwide.  b.E Background  Crafted & Cured was conceptualized and launched by co-owners and co-operators, Andy Routson and Christian Alvarez. Andy and Christian met at Eby-Brown, one oft the largest convenience distributors int the United States. Eby-Brown! has served as al leader in convenient store distribution for over 125-years; serving over 8,700 retail locations and producing over $6 Andy served as the Account Representative of Speedway, one of the largest private convenient store accounts in the U.S., a client of Eby-Brown. Fort three years, Andy oversaw' the food and beverage for Speedway vexclusively. Christian, at trained Chef, served as the primary research and development in-house Chef for Eby-Brown for five years. Christian led research, development, procurement and launch of any new proprietary product lines or food service café's for Eby-Brown clients and company-operated café's within thousands of convenient During their tenure as co-workers, Andy and Christian both discovered their love and passion for food and beveragé; both at work and as a'hobby. At the time, Andy deeply immersed himself into the craft beer industry; learning the attraction, popularity and following of unique craft beers, growing at rapid pace. Diving deeper into the sub-cultures of craft beer, Andy witnessed exclusive craft beer release parties that attracted 20,000+ attendees (for one beer!).  billion in sales.  stores.  According to the Brewer's Association:  "Overall U.S. beer volume sales were down 2% in 2019, whereas, craft brewer sales continued to, grow at ai rate of 4% by volume, reaching 13.69oft the U.S. beer market by volume. Craft production grew the most for taprooms. Retail dollar sales of fcraft increased 6%1 up to $29.3 billion, and now account for more than 25% of the $1161 billion  U.S. beer market. "  2    Both. Andy and Christian enjoyed time outside ofwork traveling and exploring the unknown through food and beverage. While Andy was on1 the quest to "never drink the same thing twice," Christian, was on a similar voyage exploring how ingredients can shift profile, experience and composition interpreted by cultures around the world. In sharing their unique passions, Andy and Christian quickly realized that their desire to discover the unfamiliar, to experience the new The idea was born, for Andy and Christian to take thei industry knowledge ofr retail food and beverage sales, matched with their never-ending quest to discover the unknown, the new, and the In2016, Crafted & Cured opened their first retail food and beverage location in District  and adventurous, often led them to explore outside ofl Dayton, OH.  exciting, and make it accessible to their neighbors. Provisions, near the Oregon District, in Dayton, OH.  c.Purpose  During the: first four years, Crafted & Cured experienced an average 32% YOY growth. From 2016-2019, we recognized an increasing demand from our customers to dine-in; the desire to navigate the 60+ tap wall in-person and to explore our selection and variety of meats and cheeses through charcuterie. Located in an independently-owned development, District Provisions, Crafted & Cured operated as the sole tenant for three years, validating the concept's foot traffic From 2016-2019, we: focused on amplifying the dine-in experience; turning over our dining room ofroughly 32-seats at least three to four times for service on Thursday, Friday and Saturday nights. During this time, we learned an increasing demand for the following services:  and growth as self-sustainable.  large group dining; the ability to serve multiple date nights, parties of6 6-8 people and 10-20 people at the same time within a given night, we also noticed customers leaving the interest of charcuterie and craft beer as the precursor to a community-shared meal; due to the lack of" "entrée-style" dining, Crafted & Cured served as a before or after during the Fall/Winter of2018, while Glasz. Bleu Oven was opened and operating within District Provisions, we sawa a 56% increase that year; our customers were coming tol District Provisions for the whole meal; the craft beer, boutique wines, champagnes, the increase and growing demand for special events, catering and group orders, which never seemed as a reality for us due to limited space for preparation and assembly, and an  due to al lack ofs space and accommodation,  dinner destination  ciders and meads, charcuterie and wood-fire shared entrees extremely limited capacity issue ini the dining room  3    while trialing the marketing of carry-out retail and charcuterie boards, we: noticed a 28% increase in carry-out business while accommodating in-house service (with appropriate space, we could execute dine-in, carry-out, special events and catering at once) while Crafted & Cured quickly beçame a destination for highly sought-after craft beer, wine, ciders, meads and champagnes, we learned that to accommodate group dining, the ability to appeal to all drinkers is a requirement to keep larger groups in your space longer; with proper bar planning we can introduce craft cocktails and al house liquor During 2020, in response to Ohio's shutdown due to COVID-19, Crafted & Cured launched online ordering and implemented the use of Social Media; primarily Facebook and Instagram to share messaging. Additionally, due to the increase utilization of our space, wel launched During the shut-down of COVID-19, Crafted & Cured was open 6-days per week, during regular business hours. While most businesses were struggling for customer engagement, on average, Our goal to expand and reopen int the Lockbox 290 development located at 8S.1 Market St. in Troy, OH is to fulfill the customer demand for an expanded in-house experience. The ability to accommodate date-nights, large groups, and special events in the same dining room on a given night, the ability to operate prep and assembly space for carry-out, online ordering, and catering without interfering with the in-house guest experience, and the opportunity to evolve our menu into an expanded lunch, dinner, and more inclusive bar experience for our guests. By the 2nd year of operations, our goal ist tol launch a cocktail bar with al bourbon-centric program. Our goali is to partner with notable bourbon producers regional to' Troy, OH and curate abourbon selection that is sought-after and unique. This would allow us to appeal to customers who prefer cocktail service over beer or wine. This would additionally attract bourbon  selection  sandwiches and salads to drive revenue opportunities. we were able to maintain -40% ofour overall sales.  enthusiasts throughout the state and beyond.  II. Market Analysis a.1 Industry Industry > Restaurant > Hybrid counter-service upscale fare bar &j pub dine-in/carry-out lunch/dinner online ordering catering/events  Industry > Crq Beer > bar & pub dine-in/carry-out retail selection regional sourcing liquor & cocktail 4  Bar  Industry > Food & Beverage Retail deli & café grocer/market retail carry-out    III. Products & Services a. Hours of Operation 11AM 10PM B. Core Products Category BAR  Sunday Monday Tuesday Wednesday Thursday Friday  Saturday 11AM  11A AM 10PM  11AM 10PM  11AM 11PM  11AM 11PM  11AM 1:30AM 1:30AM  Features 60+ tap wall; craf beer, $-8S ciders, meads, wine bottle or by the glass service, champagne service, craft cocktail, house liquor. service, bourbon-centric bar program  Price Point  Service Notes Dine-in counter-service, table-service during peak hours. Craf Beer; 5oz pour, 10oz powr, 16oz pour, 320z Howler, 640z Growler, 32oz Crowler Specialty Cocktails Dine-in counter-service, online ordering, carry- out service, lunch, sandwiches, and: salads, dinner, and dessert. In-house consumption, carry-out, online ordering, lunch, dinner service, dessert, brealfast, hnch, dimer, retail cary-out, grocermarket 6-8 person group dining, 10-12 person group dining, upi to groups of 201 reservations, private meeting rooms or event rooms, semi-private mezzanine rental  Signature boards (serves $-8S 3-4), bar bites (serves 2- 3),alac carte (individua!), cured enhancements Craft. Beer, Cider, Mead, $-$8 Boutique Wine, Champagne, Specialty Food and Beverage, Deli Grab and Go  CHARCUTERIE  RETAIL  CATERING & SPECIAL. EVENTS  Semi-private to private $$-$888 rentals, Mezzanine rentals    C. Menus  LUNCH  RABI BMS  MENU  naLuis Aimande Aatshad w/Gnak m & aPrefilteralas! hya Gris: PO asyarpseaas anion alig gvand nllebd agnpnsals etlan nuos House made Mdys- piguflop pappars Idinahal ale planaha- -anehory- Arerosstadppper Bauaronas ssaty dnpa nelish -alvaal! Cuned muthmame LoNr- ghrimp Pakskas Brsrss -Calshnlan ahnp pure alal - (ADRIRI) w/Aged Balsamle d compound Dullar Anad, /haustle. sosoutrement  BALED. Gardal Givas (oansiderd! Ahe4 quAn afdlvas Speye Manans Fenah Camkehans, Ruurlan! Pappen (Swsety Ingpe@asasanalt Gund Bouse made Chocalste Bark, Panut Brtle andh Anishedn with dried) ne STUMED Ourfashy Gerdala Cvas (aonddened thel best m4 palp)stuld. w/mastad parloathyrpel D'Agupaars w/arsany Gargunsals choss Antthad w/AgadD Dalsamlo  SALNDWICHES $10 Bot ae Cold on your choice ol bread: Clabatta, Sowr Doap Panini White Batard, 08708- GHled onj your ahalos afbrad Bsoan dam, Platled Red Onlon, Splay Kimaht, Bmakad Sen Simon, Syr Cheddar dAgad while ahaddar DITZI BLOCK Prosalutto, Plahaline fapanade, Roastad Red Pappens, Houes Cured! Paar! Red Onlons & Gost Chease ROCOO- Bgprassak, Hot Galabress, House-Mads. Dgla, Roastad Garlic Mayo, Chopped Glardinlens, Garlie Gouds TUYO Sopprassats, Peppered Balam!, Pappadow Ralish,  Swesty dropa siol,  Aow 86 aned afthe best favrp pairhgs msu  Houss Mgutliapahdpematy" N/ wappad! Larda, Valata Cipe Q thtanarihsale saRnal). wopal thasel fleme wita ABPyA 4prseda asaret OB Wesoour theo countgo Aodh AhARS unfues ands sohtalar hamsJ jour want fadanywhen aise. Aar the Charoutler for this wl's aholoe. AH haards ANS ard wiha ahareutarle da ahesse paird wth bguetted dhous made  Plakledi Red Onlon, Whtte Cheddar, Aruuis 731 AOR Sarrano, House CuredA Avoaado, Aruguls our In-houss Choddar Bland  Alal, Swaoty Drop byra aheddardApd Calabnese, San  Wes sasrah forA intanstingau unkque aholoas  Simon Smaked  Ghoase,  KIDS OAILLED CHZESE Youro choloe ofbraad grilled with SALADS $18 full sise 86 half Chaioe ofd dressiag Bapna Canda Vinaigrtte, Lamen Djon Vinalprotie, Mae Cheese erl Banch CRARCUTERIE SALAD - Sarnang, Chorin, Pappansd Balam! Bhaved! Pamasan, Snap Poas, Watermalon. Radih, Gnan Onion, Pannal, Spring Mir ai Dried np C&CO GURED BAA- Keirloom fomato, House Gurad K& House Cured Avocedos, Gargonsals, Houss Gured Mushrooms, Swosty Dropg, House Ghoutons aépringMx  1    CHESE BOARD- $88.00  BEST PE, BEST BOARD $56.00 DERESA CORDOBESAI IBBRICOI DEE BRLLOTA Prom SPAIN a BERRAHO Prams SPADE ralhar, AURORAI MANCHEGO, samlhard hrom APATT Hnahappira nar IRISH PORTER, Manba GahA  SHORSY WAVES BOARD- 88.00 PABTRAMIE BMOKEDS SALMON Fromn: MAINE Caldmmahd CMins Athatie SMOKEDI PKPPIREDI rom: GEORGIA ma Aahh humnpatal Fab Ab tam pnerg BAY GMOM Frm: SPATE  CHARCUFIERB MARON, samifira) Prom: shas HEGROHI, bleu) Prom: TALY aba  (Dahans aadiyan  and  hh  Dahind thle) uniur Mennhep andappaf da and Ragna! choerdfal hanhe  Prom: IRELARD 782  rind From7 TEHEESSEE me  o! semhard Pram: TALY  de  ap B  LOUGHIANS BOARD- $85.00 Prom CALIPORNIA ps alha PROBOIUITOI IFALIANO1 From:! MTALY 100M ny :  mkund' GARLICI IDA, o: HOLLAID ppper, 3YR CHEDDAR Fram: WISCOISIH  7010w. BOARD 30.00 PEPPERED BALANI, Ton GALPORMIA BPBGK,  SPG. BOARD- $50.00 GHO8T PRPPER BALAMI, Fm CALIFORHIA mel tatin A a ON CAJUN PORK 7A880, Pom HEN ORLEANS TasR, WILDFIREE BLU, rom:  mhtnks ndada ade  Us CEEDDDAR Prom: WISCOHEDE  Si7 BOARD 181.00  adalina bwriAg Boure  Bour nade lasapan  Pab Audarkyembba  2    IV.The Orpanization a.C Organizational Structure  Christian Alvarez, Co-Owner  Andy Routson. Co-Owner  FTGeneral Manager  FOHE Experience Lead Guest Experience Specialists Table Bussers  BarLead  Culinary Lead  Mixologists  Charcutiers  Prep Cooks  Bartenders  Dishwashers  3    b.Key Players  Andy Routson - Co-Owner of Crafted & Cured. Oversees Craft Beer, Cider, Meads, Boutique Wine and Champagne sourcing, purchasing and supplier relationships. Oversees the construction and on-going maintenance oftap system and] keg system. Serves as accounts payable/receivable, prepares staff schedules and manages payroll. For the past four years, Andy has been aj part of training Zach, Beto and staff, as well as operating and managing the floor daily. Collaborates with Christian for executive leadership, strategic planning and roll-out, Christian Alvarez- Co-Owner ofCrafted & Cured. Oversees Charcuterie; meats, cheeses, house-made cure production. Responsible for menu: research and development, product sourcing, purchasing and supplier relationships. Oversees inventory management, par levels and production with staff. Manages labor for food preparation, assembly and production. For1 the past four years, Christian has been aj part oft training Zach, Beto and: staff, as well as operating and managing the floor daily. Collaborates with. Andy for executive leadership, strategic planning and roll-out, pairing the food and beverage to a cohesive program. Zach Lentz. - Bartender and Charcutier at Crafted & Cured. Zach Lentz has been a team member for two years and is committed to our team upon re-opening. Zach is fully cross-trained between bar service and charcuterie service. Zach is also familiar with many of the processes and procedures oft the daily and weekly operations of Crafted & Cured, to our standards. Zach is trusted to assist in opening, shift change and closing procedures. He has experience training our team members as bartender or charcutiers. Zach will seamlessly transition into al Bar Lead, Culinary Lead, or Front ofl House Lead role. Ini fact, it would be best to schedule him BarLead and Front ofHousel Lead to start to maintain consistency in customer expectations to open and Beto Cardenas - Charcutier at Crafted & Cured. Beto Cardenas has been a team member for one year and remains committed to our team upon re-opening. Beto has 20+ years-experience as a back ofhouse, culinary team member; line-cook, prep-cook and dish with a variety of cuisine. Beto is a master Charcutier and understands our cost of goods management practices ini real- time. Hei focuses on inventory management, par levels, prep, assembly and consistent charcuterie standards. Outside of Crafted & Cured, Beto has full-kitchen experience and a wide range of skill. Beto is poised as the Culinary Lead fort re-opening and willl bei included to launch, train and manage thet team between charcuterie, the back-prep kitchen and the wood-fire oven.  pairing the food and beverage to a cohesive program.  launch the concept.  c.Counter-Service Culture  At our previous location, we operated counter-service for the 60+ tap bar, charcuterie and retail. Wel believe that scaling this model to fit the adventurous nature, and exploration of the dining experience att the Lockbox 290 development in' Troy, OH, is instrumental to the guest This culture promotes movement within the dining experience and allows guests to see and experience the preparation and assembly of1 their food and beverage. Additionally, this promotes  experience.  4    communal dining without the feeling oft traditional service. With this model, we can offera Toi invest our knowledge and to grow and scale for the future, we willi invest in a General Manager within the first-year operating. The General Manager will be responsible for scheduling, inventory, ordering, managing cost of goods and labor to sales forecasting, and be the lead liaison for the team. The General Manager will rely on: full-time team leads for each service aspect of the business; ai full-time BarLead, a full-time Culinary Lead, and a full-time Our Bartenders will report to our full-time Bar) Lead, our Prep Cooks, Line Cooks and Dishwashers will report to our full-time Culinary Lead and our Guest Experience Specialists and Table Bussers will report to our full-time Front of] House Experience Lead. Our General Manager willl host weekly touch bases to update lead positions on the goals and objectives oft the organization and to ensure alignment with the bar, front ofhouse and back ofl house team Our Guest Experience Specialists are a hybrid of customer service and front ofl house operations; roles and responsibilities shift according to volume. Within any given week, Guest Experience Specialists will be cross trained to serve as hosts for seating and reservation management, team members to expedite sales at the point ofs sales, educators on the floor to assist customers to navigate the menu and ordering processes, assist to expedite sales processing on the floor with handhelds, assist as food runners and to help clean and turn the dining room for service.  cross-trained, highly-functioning team atmosphere.  Front ofHouse Lead.  members.  2022 Labor Summary (Junel 1,2022-I December 31, 2022)  FTBartender1 FTBertender2 FTMologist! FTCharcutieri FTChervutier2 FTPrep/Busserl FTPrep/Buser2 PTHourlyLabor GeneralManager (salary) EventsD Coordinator Employer Tax WomansComp PayrollSarvices FrBanender1 FTBanenderz FTMivologist1 FTCharcutier FTCharcuier2 FTPrep/Busserl FTPrep/Busser2 PTHourlyLebor Goneral Manager (selary) Events Coordinatar Emplayert Tax WorkmansComp Payralis Services  ,680 ,680 1,680 1.680 1.680 1.680 1680 11,760 2700 2100 2300 2100 2190 2100 2,100 14,700 1680 1680 1,680 1,680 1.680 1,680 1/680 11,760 1,680 1680 1,680 1,680 1,680 1.680 1,680 11,760 1,680 1.680 1,680 1.680 1,680 1.680 1680 11,760 1,680 1,580 1.680 1,680 1680 1,680 1,680 11,760 5.928 5,435 5027 596C 6,573 7,61 8276 44,259 3750 3.750 3750 3.750 3750 3750 3,750 26,250 1.702 1,702 1702 1,702 1,702 1.,702 702 11,915  680 ,680  1,680 1,680 1,680 1680 11,760  500 500 500 500 500 3,500 80 80 2E0 250 250 250 1,750  560  250  2023 Labor Summary (January1,2023-1 December. 31,2023)  1,680 1,680 1689 1,680 1.680 1680 1680 1,680 1680 1,680 1,699 1,680 20,180 1,680 1,680 1,580 1680 1,680 1.680 1,680 1,680 1,680 1,680 1.680 1,680 24,160 2.100 2100 2,190 2100 2100 2,100 2100 2100 2100 2100 2,100 2,100 25,200 1,680 1,680 1,680 1,680 1,680 1680 1,680 1,680 1,580 1.680 1,680 1,680 20,160 1,680 1,680 1,680 1680 1680 1480 1680 1,680 1,660 1680 1,680 1,680 20,160 1,680 1,680 1,680 1,680 1680 1660 1.580 1680 1,680 1680 1,680 1,680 2,160 3,760 150 5221 6104 8,489 7456 4835 5.642 6,619 6,983 7,525 8,276 75,066 3,750 3,750 3.750 3,750 3750 3750 3750 3750 3750 3,750 3750 3.750 45,000 608 1608 1,608 1,608 1.608 1600 1,608 1,608 1,608 1,608 1,60B 1,608 19,301  1.680 1660  1680 1,680 1.680 1.680 1.680 1,680 1,680 1,680 1,680 20,160  500 80 80 80 80 80  500 500 500 6,000  80 960  250  250 250 250 250 250 250 250 250 250 250 3,000  5    20241 Labor Summary (January 1,2024-December: 31,2024)  FTBarlender1 FTBartender2 FTMixologist1 PTMixologist2 FTCharcuiler1 FTChercutler? FTPrep/Busser1 FTPrep/Busser2 PTHourlyLabor Generalk Menager(salary) AssistantM Manager (sslary) Events Coordinator Employer Tax Workmanso Comp Payrolls Services FTBartender1 FTBartender2 FTMixologist1 PTMixologist2 FTCharcutier1 FTCharcurier2 FTPrep/Busser FTPrep/Busser? PTHourtylabor General/Manager (salary) Assistantm Managerf (anlary) Bvents Coordinator Employer Tax Workmanis Comp Payroll Services V.Marketing & Sales b. Marketing Tools  1,680 680 1.680 1,680 1,680 1680 1,680  ,680 1.680 1.680 20,160 4,680 1680 1,680 20,160  1,680  1,680 1,680 1,680  2,100 2100 2100 2100 2100 2100 2,100 2,100 2,100 2,100 2100 2,100 25,200 1,500 1500 1500 1.,500 1,500 1500 1.500 1,S00 1,500 1500 15D0 1.500 18,000 1,680 1,680 1.680 1.580 1,680 1,680 1,680 1,680 1,680 1,680 1,680 1,680 20,160- 1,680 1,680 1,680 1.680 1680 1.680 1,680 1680 1,680 1,680 1680 1,680 20,160 1,680 1,680 1.580 1,580 1,680 1,680 1.680 1.680 1,680 1,580 1680 1,680 20,160 1,680 1,680 1.680 1,680 1,680 1.680 1.680 1,680 1,680 1.680 1680 1,680 24,160 3,996 4511 5797 7365 10,959 9,819 4998 6,558 7,745 9,048 9955 11,418 92,170 4333 4333 4333 4333 4333 4,333 4333 4,333 4333 4333 4333 4333 52,000 3,150 3,750 3750 3,750 3,750 3.750 3.750 3.750 3,150 3,750 3,750 3,750 45,000 1,852 1,852 1852 1,525 1,852 1,852 1852 1,852 1.852 1.852 1,852 1,852 21,896 275 275 275 275 275 275 275 275 275 275 275 3,300  800 300 B00 800 800 800 80O  800 800 800 800 5,600 100 100 100 100 1,200  100 100 100 100 100  2025 Labor Summary -la-hwa  1,6B0 1,680 680 1,680 1,680 1,680 1,680 680 1,680 1,680 1,680 1,680 20,160 16B0 1,680 680 1,680 1,680 680 1,680 1680 ,680 1,680 1,680 1680 20,160 2100 2,100 2,100 2,100 2100 2100 2100 2,100 2,100 2.100 2,100 2,100 25,200 1.500 1.500 1,500 1,500 1,500 1500 1.500 1,500 1500 1,500 1.500 1,500 18,000 1.680 1,680 1,680 1,680 1,680 1.680 1,680 1.680 1,680 1680 1,680 1,680 20,160 1,680 1,680 1,680 1,680 1680 1.680 1.680 1.680 1,680 1,68D 1680 1680 20,760 1,680 1,680 1,680 1.680 1.680 1,680 1,680 1.680 1,680 1,680 1,680 1.680 20,160 4,455 5062 6,728 8110 12271 10.784 $,668 1221 8.571 5,767 10,984 13,001 98,620 4333 4,333 4333 4333 4333 4333 4333 4,339 4333 4.333 4,333 4333 52,000 3,750 3,750 3750 3.750 3750 3.750 3.750 3750 3.750 3,750 3,750 3,750 45,000 2294 2294 2294 2294 2294 2294 2294 2,294 2294 2294 2,294 2294 27,523  1,680 1680 1,680 1,680 1,680  1,680 1,680 1680 1.680 1,680 1.680 20,160  800 20  800 800 B00 800 BCo B00 120 120 120 120 120 20  800 800 800 8,600 120 120 120 1,440 300 300 300  300  9,600  Social Media/ Marketing - we' ve budgeted $800/month ($1200/month with ad spend) tol hirea Social Media Coordinator that will assist with social media strategy, product photography for social media, social media advertisement and oversee our Facebook, Instagram, Google and Yelp engagement with followers, our Social Media coordinator will target new customers and engage Google- - register business page and complete business profile with contact information, menu, services, website, etc. On average, Google Business drives -560 users per week to our location through direction services, website and service click-through, or new customer discovery and Facebook & Instagram = with the announcement of our closure int the Oregon District, our closure posts reached over 50K users on Facebook, our engagement: measured at 14.1K. users in total. During the transition, we' will continue to utilize our audience on. Facebook (7,554 followers) and Instagram (3,259 followers) through visual story-telling. Our goal is to hit 10K followers on Facebook and 5K followers on Instagram upon our re-opening.  current customers focusing on acquisition and retention  acquisition through service, reviews, etc.  6    Yelp- - a social platform for users to rank and review businesses nearby; location-based search. On Yelp, we receive over 250+ users per week (every 7-days) via checking ourl hours, menu and website, which leads to users clicking for directions directly to our establishment. Additionally, wel have high user engagement for photographs of our bar design and our charcuterie boards. UnTappd -as social drinking platform where users can share ratings and reviews on bars, micro- breweries, or restaurants/bars that focus on craft beer. At our original location, we received over 12K customer attractions and reviews, simply by keeping our craft beer menu up to date and constantly seeking to supply the extra-ordinary for craft beer enthusiasts to seek out. Location/Word of Mouth - the new Crafted & Cured location at 8S. Market St. in' Troy, OH serves as al historical landmark for the community. Located within the town's main square, we are centrally located among the main business district with high foot traffic and engagement. Additionally, the restoration of original architecture and the grand appearance of the exterior and interior will make this location worth sharing by shared photography, social media, and word of mouth marketing. Wej plan to excite customers with visuals oft the space and show customers how the space can be used on social media, our website and through monthly direct email  marketing.  Direct Email Marketing- C.N Marketing' Tactics  Media Relations - Crafted & Cured will utilize all major news networks 30-days out to tease and announce the grand opening oft the new location. During the first five months, we will continue feeding stories via Press Release ofr new menui items, menu expansion and service expansion to get the word out to the City ofTroy, surrounding neighborhoods, the greater Dayton community, and state-distributed media vehicles. We will additionally partner with regional and state-wide magazines to offer exclusive sneak peeks and articles to highlight Blogger Relations = Our menu attracts meet, cheese, wine and beer enthusiasts. We've identified. a select group of food and beverage bloggers, each with a unique following to offer first looks, and blogger curated events to strategically shàre menu updates andi nèw releases for Cross Promotion Collaborations- - To engage craft beer enthusiast, we plan to release as series ofCrafted & Cured collaborations with regional breweries to release exclusive brews to be cross-promoted between the brewery and our users. Wej plan to release ai newl batch each month with a different brewery to attract audiences into our space. These batches will only be available from our tap wall to strategically drive business to our new space with one of our most loyal Dayton Ale' Trail - A passport program for beer enthusiasts to travel around Dayton visiting the various taprooms, microbreweries, breweries and restaurants and bars that offer craft selections.  Crafted & Cured's new location as a travel destination.  the first six months of business at our newl location.  customer bases.  7    This program issues 15,000 passports toj participants every: year. We have always served as the final destination to turn inj passports, andj plan to continue our participation at our new location. Location & Design - Our goal with unique historic aesthetic is for photo-taking opportunities, our bar layout and design include al hand-painted Crafted & Cured design with apothecary style bottles to peak our customer's interest in photographable moments. Our theory from our first  location will be carried to this location. In addition to the hand-painted signage, and thel historic aesthetic. We will create multiple pockets for photographable moments, and of course, you can'tl leave without documenting that beautiful charcuterie board like no other. Our location at 8 S.1 Market St. is the original home ofThe First' Troy National Bank & Trust Company, founded in 1888. Thel building was erected in 1929 in Troy's Main Square. This historical landmark has been renovated by Four Sons Development, our landlord. The renovation includes restoration ofo original architecture and  a -  design details, while modernizing areas for thej purposes of gathering and hosting people in the space. Our tenant finish construction will include the following additions to the recent  renovations:  Phase I (to be completed by. June 1,2022):  T utilize the existing bar on the first floor for our Charcuterie bar  construct a walk-in, 80-key cooler, and Craft Beer bart tol highlight our 60+ tap system - build retail shelving for bottled craft beers, boutique wines, ciders, and meads bring the existing kitchen space up to health code for prep and assembly furnish semi-private/ptivate meeting rooms in the basement forj private events Phase 2 (to be completed and launched by March 1,2023):  construct an additional bar with seating, shelving, and the necessary equipment fora cocktail -a add technology forj presentations (TV's, audio, and visual equipment) to semit-priyate/private The goal is to bring everyday use to a historical landmark: in the Troy community, that will welcome the community for lunch, dinner, libations, semi-private, and private booking of special events. As well as draw regional and state-wide attraction as a destination.  bar tol highlight the bourbon program on the second floor, mezzanine  meeting rooms int the basement for private events  8    E  P  Pe  AEANAEE    9    Fermentaum Enterprises LLC SBD Loan Summary of Expenses Anticipated Draw Expense Description  Cost  Source of Funding  4/15/2022 Kitchen Refrigerators 4/15/2022 Covection Oven 4/15/2022 Sous' Vide Machine 4/15/2022 Dish Machine 4/15/2022 Food' Warmer 4/15/2022 Ice Machine 4/15/2022 Cacuum Sealer 4/15/2022 Meat Grinder 4/15/2022/Grease Trap 4/15/2022 Inductions Ranges 4/15/2022 Counter Top Oven 4/15/2022 Panini Press 4/15/2022 Undercounter Refrigerator 4/15/2022 Dump Sink 4/15/2022 Hand Sinks 4/15/2022 Produce Sinks 4/15/2022 Stainless Steel Prep Tables 4/15/2022 Wire! Shelving 4/15/2022 Spped Racks 4/15/2022 Indgredient Tables 4/15/2022 Curing Chambers 4/15/2022 Bar Stools 4/15/2022 Tables & Chairs 4/15/2022 Display Coolers 4/15/2022 Printer 4/15/2022 Computers 4/15/2022 Walk in Cooler 3/30/2022 Beer Bar 3/30/2022 Retail Shelving. 3/30/2022 Signage 3/30/2022 POS Equipment 3/30/2022 Audio & Security Equipment  $10,900.00 City of Troy! SBD Loan $3,000.00 City of Troy SBD Loan $300.00 City of Troy! SBD Loan $5,000.00/City of Troy SBD Loan $300.00 City of Troy SBD Loan $2,000.00 City of Troy SBD Loan $2,000.00 City of Troy SBD Loan $600.00 City of Troy SBD Loan $1,000.00 City of Troy SBD Loan $1,000.00 City of Troy SBD Loan $1,000.00 City of Troy SBD Loan $500.00 City of Troy SBD Loan $7,000.00 City of Troy SBD Loan $350.00 City of Troy SBD Loan $500.00 City of Troy SBD Loan $500.00 City of Troy SBD Loan $1,500.00 City of Troy SBD Loan $1,500.00 City of Troy SBD Loan $600.00 City of Troy SBD Loan $10,000.00 City of Troy SBD Loan $10,000.00 City of Troy SBD Loan $11,000.00 City of Troy SBD Loan $25,000.00 City of Troy SBD Loan $19,450.00 City of Troy SBD Loan $2,000.00 City of Troy SBD Loan $3,000.00 City of Troy SBD Loan $30,000.00 City of Troy SBD Loan $150,000.00 City of Troy SBD Loan $100,000.00 US Bank Loan $20,000.00 US Bank Loan $15,000.00 US Bank Loan $5,000.00 US Bank Loan $10,000.00 USI Bank Loan $150,000.00 US Bank Loan $2,000.00 Owner Equity $8,000.00 Owner Equity $5,000.00 Owner Equity $23,000.00 Owner Equity $2,000.00 Owner Equity $40,000.00 Owner Equity $340,000.00  Currently Own! Refrigerator Currently Own Deli Cooler Currently Own! Deli Slicer Currently Own Beer Tap System Currently Own Crowler Maching  Total Project    Year 1 General Manager Lead Charcutier Lead Bartender (Craft Beer) Charcutiers Bartenders Social Media Specialist Events Coordinator Dishwasher/ Busser Charcutiers Bartenders Dishwasher/Busster Food Runner Year 2 General Manager Lead Charcutier Lead Bartender (Craft Beer) Lead Mixologists Charcutiers Bartenders Social Medial Specialist Events Coordinator Dishwasher/ Busser Charcutiers Bartenders Dishwasher/Busster Food Runner Year3 General Manager Lead Charcutier Lead Bartender (Craft Beer) Lead Mixologists Charcutiers Bartenders Social Media Specialist Events Coordinator  Employment #of! position Annual Pay for Position  full-time full-time full-time full-time full-time full-time full-time full-time part-time part-time part-time part-time  1 1 1 2 2 1 1 1 10 2 2 2 2 8 1 1 1 1 2 2 1 1 1 11 3 3 2 3 11 1 1 1 1 2 2 1 1  $ $ $ $ $ $ $ $ $ $ $ $  45,000.00 21,000.00 plus tips 21,000.00 plus tips 21,000.00 plus tips 21,000.00 plus tips 10,000.00 10,000.00 20,000.00 plus tip out 10,000.00 plus tips 10,000.00 plus tips 10,000.00 plus tip out 10,000.00 plus tip out  full-time full-time full-time full-time full-time full-time full-time full-time full-time part-time part-time part-time part-time  $ $ $ $ $ $ $ $ $ $ $ $ $  45,000.00 21,000.00 plus tips 21,000.00 plus tips 25,200.00 21,000.00 plus tips 21,000.00 plus tips 10,000.00 10,000.00 20,000.00 plus tip out 10,000.00 plus tips 10,000.00 plus tips 10,000.00 plus tip out 10,000.00 plus tip out  full-time full-time full-time full-time full-time full-time full-time full-time  $ $ $ $ $ $ $ $  45,000.00 21,000.00 plus tips 21,000.00 plus tips 25,200.00 21,000.00 plus tips 21,000.00 plus tips 10,000.00 10,000.00    Dishwasher/ Busser Charcutiers Bartenders Dishwasher/Busster Food Runner  full-time part-time part-time part-time part-time  1 11 4 4 3 4 15  $ $ $ $ $  20,000.00 plus tip out 10,000.00 plus tips 10,000.00 plus tips 10,000.00 plus tip out 10,000.00 plus tip out    Interest-Only Loan Calculator Borrower: Fermentum Enterprises LLC  City of Troy 100S. Market St. Troy, OH 45373  8South Market St. Troy, OH45373 Loan Amount Annual Interest Rate Term of Loan (years) First Payment Date Payment Frequency Compound Period Interest-Only Period (years) Payment Type Rounding On  Loan Information  Summary  150,000.00 2.750% 9.5 7/1/2022 Monthly Monthly 0.5 End of Period Yes 1,496.64 343.75 1,569.43 Additional Payment  Rate (per period) Number of Payments Years to Pay Off Total Payments Total Interest Est. Interest Savings  0.229% 114 96/12 171,560.87 21,560.87 (944.11)  Traditional Loan Payment Interest-Only Payment Payment After IO Period Amortization Schedule No. Due Date Payment  Interest 343.75 343.75 343.75 343.75 343.75 343.75 343.75 340.94 338.13 335.30 332.48 329.64 326.80 323.95 321.10 318.24 315.37 312.50 309.62 306.73 303.83 300.93 298.03 295.11 292.19  Principal 0.00 0.00 0.00 0.00 0.00 0.00 1,225.68 1,228.49 1,231.30 1,234.13 1,236.95 1,239.79 1,242.63 1,245.48 1,248.33 1,251.19 1,254.06 1,256.93 1,259.81 1,262.70 1,265.60 1,268.50 1,271.40 1,274.32 1,277.24  Balance 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 148,774.32 147,545.83 146,314.53 145,080.40 143,843.45 142,603.66 141,361.03 140,115.55 138,867.22 137,616.03 136,361.97 135,105.04 133,845.23 132,582.53 131,316.93 130,048.43 128,777.03 127,502.71 126,225.47 1of3  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25  7/1/22 8/1/22 9/1/22 10/1/22 11/1/22 12/1/22 1/1/23 2/1/23 3/1/23 4/1/23 5/1/23 6/1/23 7/1/23 8/1/23 9/1/23 10/1/23 11/1/23 12/1/23 1/1/24 2/1/24 3/1/24 4/1/24 5/1/24 6/1/24 7/1/24  343.75 343.75 343.75 343.75 343.75 343.75 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43  ntps/www.yertex2com.Cabuisioinersinterestonly-oan.ntm.    Additional Payment  No. Due Date Payment  Interest 289.27 286.33 283.39 280.45 277.49 274.53 271.56 268.59 265.61 262.62 259.63 256.62 253.62 250.60 247.58 244.55 241.51 238.47 235.42 232.36 229.30 226.23 223.15 220.06 216.97 213.87 210.76 207.65 204.53 201.40 198.27 195.13 191.98 188.82 185.66 182.48 179.31 176.12 172.93 169.73 166.52 163.30 160.08 156.85 153.61 150.37 147.12 143.86 140.59 137.32 134.04 130.75 127.45 124.14 120.83  Principal 1,280.16 1,283.10 1,286.04 1,288.98 1,291.94 1,294.90 1,297.87 1,300.84 1,303.82 1,306.81 1,309.80 1,312.81 1,315.81 1,318.83 1,321.85 1,324.88 1,327.92 1,330.96 1,334.01 1,337.07 1,340.13 1,343.20 1,346.28 1,349.37 1,352.46 1,355.56 1,358.67 1,361.78 1,364.90 1,368.03 1,371.16 1,374.30 1,377.45 1,380.61 1,383.77 1,386.95 1,390.12 1,393.31 1,396.50 1,399.70 1,402.91 1,406.13 1,409.35 1,412.58 1,415.82 1,419.06 1,422.31 1,425.57 1,428.84 1,432.11 1,435.39 1,438.68 1,441.98 1,445,29 1,448.60  Balance 124,945.31 123,662.21 122,376.17 121,087.19 119,795.25 118,500.35 117,202.48 115,901.64 114,597.82 113,291.01 111,981.21 110,668.40 109,352.59 108,033.76 106,711.91 105,387.03 104,059.11 102,728.15 101,394.14 100,057.07 98,716.94 97,373.74 96,027.46 94,678.09 93,325.63 91,970.07 90,611.40 89,249.62 87,884.72 86,516.69 85,145.53 83,771.23 82,393.78 81,013.17 79,629.40 78,242.45 76,852.33 75,459.02 74,062.52 72,662.82 71,259.91 69,853.78 68,444.43 67,031.85 65,616.03 64,196.97 62,774.66 61,349.09 59,820.25 58,488.14 57,052.75 55,614.07 54,172.09 52,726.80 51,278.20 2of3  26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 37 68 69 70 71 72 73 74 75 76 77 78 79 80  8/1/24 9/1/24 10/1/24 11/1/24 12/1/24 1/1/25 2/1/25 3/1/25 4/1/25 5/1/25 6/1/25 7/1/25 8/1/25 9/1/25 10/1/25 11/1/25 12/1/25 1/1/26 2/1/26 3/1/26 4/1/26 5/1/26 6/1/26 7/1/26 8/1/26 9/1/26 10/1/26 11/1/26 12/1/26 1/1/27 2/1/27 3/1/27 4/1/27 5/1/27 6/1/27 7/1/27 8/1/27 9/1/27 10/1/27 11/1/27 12/1/27 1/1/28 2/1/28 3/1/28 4/1/28 5/1/28 6/1/28 7/1/28 8/1/28 9/1/28 10/1/28 11/1/28 12/1/28 1/1/29 2/1/29  1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43  htps!Nww.yertex2comCacuiaionimers-ony-oan.ntm    Additional Payment  No. Due Date Payment  Interest 117.51 114.19 110.85 107.51 104.16 100.80 97.43 94.06 90.68 87.29 83.89 80.49 77.08 73.66 70.23 66.79 63.35 59.90 56.44 52.97 49.50 46.01 42.52 39.02 35.52 32.00 28.48 24.95 21.41 17.86 14.30 10.74 7.17 3.59  Principal 1,451.92 1,455.24 1,458.58 1,461.92 1,465.27 1,468.63 1,472.00 1,475.37 1,478.75 1,482.14 1,485.54 1,488.94 1,492.35 1,495.77 1,499.20 1,502.64 1,506.08 1,509.53 1,512.99 1,516.46 1,519.93 1,523.42 1,526.91 1,530.41 1,533.91 1,537.43 1,540.95 1,544.48 1,548.02 1,551.57 1,555.13 1,558.69 1,562.26 1,565.77  Balance 49,826.28 48,371.04 46,912.46 45,450.54 43,985.27 42,516.64 41,044.64 39,569.27 38,090.52 36,608.38 35,122.84 33,633.90 32,141.55 30,645.78 29,146.58 27,643.94 26,137.86 24,628.33 23,115.34 21,598.88 20,078.95 18,555.53 17,028.62 15,498.21 13,964.30 12,426.87 10,885.92 9,341.44 7,793.42 6,241.85 4,686.72 3,128.03 1,565.77 (0.00)  81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114  3/1/29 4/1/29 5/1/29 6/1/29 7/1/29 8/1/29 9/1/29 10/1/29 11/1/29 12/1/29 1/1/30 2/1/30 3/1/30 4/1/30 5/1/30 6/1/30 7/1/30 8/1/30 9/1/30 10/1/30 11/1/30 12/1/30 1/1/31 2/1/31 3/1/31 4/1/31 5/1/31 6/1/31 7/1/31 8/1/31 9/1/31 10/1/31 11/1/31 12/1/31  1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.43 1,569.36  htps/wwyerex42.comCacuatcninersinteres-ony-oan.ntm  3of3    PatickE..Titerington Director of Public Service & Safety 937-335-1725 atnck.titterington@troyohio.gow  TROY OHIO  535  MEMORANDUM  TO: FROM: DATE: SUBJECT:  Mr. Rozell, President of Council  Patrick E.. J. Titterington, Director of Public Service and Safety .  July 25, 2024  BIDDING. AUTHORZATON-SOUTHSTANFELD ROAD RECONSTRUCTION PROJECT PHASE2  RECOMMENDATION:  That thel Director of Public Service and Safety is authorized to advertisei for bids and enter into a contract for the South  Stanfield Road Reconstruction Project Phase 2 at a total cost not to exceed $1,795,000.  BACKGROUND:  Previously, the Council authorized the submittal of an Ohio Public Works Commission (OPWC) grant application in the amount of $600,000 to partially fund the South Stanfield Road Reconstruction Project Phase 2. The project area isa approximately 1,400 lineal feet along South Stanfield Roadi from West Stanfield Road to the North property line of 20 S. Stanfield Road (Tractor Supply), with an alternate bid design to include further north to the Meijer Shopping Center entrance. This project is a reconstruction of the current four-lane cross-section to at three-lane cross-section (as in Phase 1)creating a center turn! lane; constructing missing gap sidewalks and shared-use path; with curb, gutter, and sidewalk replacement. These improvements will provide a better roadway, and connect pedestrians from the neighborhood to the south to the commercial business district to the north. This project is anticipated to begin by the The current engineer's estimate is $1,560,863. Due to the recent bidding climate, staff is requesting a 15%  end oft the 2024 calendar year.  contingency over the engineer's estimate, which is $1,795,000. This does exceed the budgeted amount of $1,500,000 as shown below.  Fund Capital Improvement OPWC (441/442) Stormwater (709) Water (710) Sewer (711) Total Project Estimate  Budget Estimate Current Estimate  Difference  $1,134,500 $ 300,000 $ 25,500 $ 40,000 $1,500,000  $ 1,357,618.33 $ 223,118.33 $ 359,000.00 $ 59,000.00 $ 30,515.00 $ 5,015.00 $ 47,866.67 $ 7,866.67 $ 1,795,000.00 $ 295,000.00  The additional fundingi is proposed to be taken from thei fund balances of the shown funds. This would then become part of at future reappropriation, which has been reviewed with the City Auditor. The majority of sidewalk costs will be  collected through the assessment process, previously approved by Council.  REQUESTED ACTION:  It would be appreciated if you would assign to a Committee of Council authorizing the Director of Public Service and Safety to advertise for bids and enter into a contract for the South Stanfield Road Reconstruction Project Phase 2at  at total cost not to exceed $1,795,000.  100 South Market Street, Troy, OH 45373-7303  Hahes 3 se