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COMMUNITY REDEVELOPMENT AGENCY BOARD

Regular Meeting

Fort Lauderdale, FL · November 7, 2017

AgendaMinutes

Minutes

City of Fort Lauderdale City Hall 100 North Andrews Avenue Fort Lauderdale, FL 33301 www.fortlauderdale.gov Action Summary Tuesday, November 7, 2017 2:30 PM OR AS SOON THEREAFTER AS POSSIBLE City Commission Conference Room COMMUNITY REDEVELOPMENT AGENCY BOARD FORT LAUDERDALE COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS JOHN P. "JACK" SEILER - Chair BRUCE G. ROBERTS - Vice Chair DEAN J. TRANTALIS - Commissioner - District II ROBERT L. McKINZIE Commissioner - District III ROMNEY ROGERS Commissioner - District IV LEE R. FELDMAN, Executive Director JOHN HERBST, City Auditor JEFFREY A. MODARELLI, Secretary CYNTHIA A. EVERETT, General Counsel COMMUNITY REDEVELOPMENT Action Summary November 7, 2017 AGENCY BOARD ROLL CALL Present 5 - Commissioner Romney Rogers, Vice Chair Bruce G. Roberts, Commissioner Dean J. Trantalis, Commissioner Robert L. McKinzie, and Chair John P. "Jack" Seiler MOTIONS M-1 17-1358 Motion to Approve October 3, 2017 Community Redevelopment Agency (CRA) Board Meeting Minutes APPROVED Aye: 5 - Commissioner Rogers, Vice Chair Roberts, Commissioner Trantalis, Commissioner McKinzie and Chair Seiler M-2 17-1110 Motion to Approve an Amendment to the Property and Business Investment Program Agreement between the Fort Lauderdale Community Redevelopment Agency and Rechter Holdings, Inc., Modification of Mortgage between the Fort Lauderdale Community Redevelopment Agency and Rechter Holdings, Inc. and Subordination of Mortgage Agreement between the Fort Lauderdale Community Redevelopment Agency, Stonegate Bank, and Rechter Holdings, Inc. REMOVED FROM AGENDA ADJOURNMENT City of Fort Lauderdale Page 1 Printed on 11/8/2017

Agenda

City of Fort Lauderdale COMMUNITY REDEVELOPMENT AGENCY BOARD Agenda Tuesday, November 7, 2017 - 2:30 PM OR AS SOON THEREAFTER AS POSSIBLE City Commission Conference Room City Hall 100 North Andrews Avenue Fort Lauderdale, FL 33301 www.fortlauderdale.gov FORT LAUDERDALE COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS JOHN P. "JACK" SEILER - Chair BRUCE G. ROBERTS - Vice Chair DEAN J. TRANTALIS - Commissioner - District II ROBERT L. McKINZIE Commissioner - District III ROMNEY ROGERS Commissioner - District IV LEE R. FELDMAN, Executive Director JOHN HERBST, City Auditor JEFFREY A. MODARELLI, Secretary CYNTHIA A. EVERETT, General Counsel COMMUNITY REDEVELOPMENT Agenda November 7, 2017 AGENCY BOARD ROLL CALL MOTIONS M-1 17-1358 Motion to Approve October 3, 2017 Community Redevelopment Agency (CRA) Board Meeting Minutes Attachments: October 3, 2017 CRA Meeting M-2 17-1110 Motion to Approve an Amendment to the Property and Business Investment Program Agreement between the Fort Lauderdale Community Redevelopment Agency and Rechter Holdings, Inc., Modification of Mortgage between the Fort Lauderdale Community Redevelopment Agency and Rechter Holdings, Inc. and Subordination of Mortgage Agreement between the Fort Lauderdale Community Redevelopment Agency, Stonegate Bank, and Rechter Holdings, Inc. Attachments: CRA Board CAM 17-1110 Exhibit 1 - Location Map Exhibit 2 - CAM 15-0743 Exhibit 3 - Letter Request from Michael Rechter Exhibit 4 - Subordination of Mortgage Agreement Exhibit 5 - Closing Statement with Stonegate Bank Exhibit 6 - Appraisal - 913 NE 4th Avenue Exhibit 7 - Appraisals - 716 NE 2nd Ave and 835 NE 2nd Ave Exhibit 8 - Amendment to Property and Business Investment Program Agreement Exhibit 9 - Mortgage Modification Agreement ADJOURNMENT City of Fort Lauderdale Page 2 Printed on 11/2/2017

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