COMMUNITY REDEVELOPMENT AGENCY BOARD

City of Fort Lauderdale COMMUNITY REDEVELOPMENT AGENCY BOARD Agenda Tuesday, December 5, 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 December 5, 2017 AGENCY BOARD ROLL CALL MOTIONS M-1 17-1490 Motion to Approve Minutes for November 7, 2017 Community Redevelopment Agency (CRA) Board Meeting Attachments: November 7, 2017 Community Redevelopment Agency Board Meeting M-2 17-1390 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 17-1390 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 RESOLUTIONS R-1 17-1331 Resolution to Approve an Award of a Development Incentive Program Incentive in the Amount of $1,400,000 to North West 6th Investments, LLC for the Sistrunk Market Project located at 115 West Sistrunk Boulevard; Approving the Terms and Conditions of the Development Incentive Program Loan Commitment; and Authorizing the Executive Director to Execute the Loan Commitment, Development Agreement and Any and All Other Documents or Instruments Necessary or Incidental to Consummation of the Transaction City of Fort Lauderdale Page 2 Printed on 12/1/2017 COMMUNITY REDEVELOPMENT Agenda December 5, 2017 AGENCY BOARD Attachments: CRA Board CAM 17- 1331 Exhibit 1 - Location Map Exhibit 2 - Development Incentive Program (DIP) Exhibit 3 - Applicants Funding Application Plans and Graphic Illustrations Exhibit 4 – Development Incentive Program Loan Commitment Exhibit 5 - July 18, 2017 NPF CRA Advisory Board Approved Minutes Exhibit 6 - Food Halls Article – National Real Estate Investor Exhibit 7 - Resolution ADJOURNMENT City of Fort Lauderdale Page 3 Printed on 12/1/2017