COMMUNITY REDEVELOPMENT AGENCY BOARD

City of Fort Lauderdale COMMUNITY REDEVELOPMENT AGENCY BOARD Agenda Tuesday, October 15, 2019 - 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 DEAN J. TRANTALIS - Chair ROBERT L. McKINZIE - Vice Chair HEATHER MORAITIS - Commissioner - District I STEVEN GLASSMAN - Commissioner - District II BEN SORENSEN - Commissioner - District IV CHRIS LAGERBLOOM, Executive Director JOHN HERBST, City Auditor JEFFREY A. MODARELLI, Secretary ALAIN E. BOILEAU, General Counsel COMMUNITY REDEVELOPMENT Agenda October 15, 2019 AGENCY BOARD ROLL CALL MOTIONS M-1 19-1001 Motion to Approve Minutes for September 17, 2019 Community Redevelopment Agency (CRA) Board Meeting - (Commission Districts 2 and 3) Attachments: September 17, 2019 Community Redevelopment Agency Board Meeting M-2 19-1027 Motion Approving a Services Agreement between the City of Fort Lauderdale and the Fort Lauderdale Community Redevelopment Agency (CRA) - (Commission Districts 2 and 3) Attachments: CRA Board CAM 19-1027 Exhibit 1 - Services Agreement Exhibit 2 - Estimated Service Charges from the CRA's Approved FY 2019-2020 Budget RESOLUTIONS R-1 19-1048 Resolution of the Fort Lauderdale Community Redevelopment Agency Approving a $5,000,000 Development Incentive Program Forgivable Loan to Fat Live Limited Partnership as Gap Financing for the FAT Live Affordable Housing Project at 501 NW First Avenue, Contingent on an Award of 9% Low Income Housing Tax Credits from the Florida Housing Finance Corporation, an Award of a $5,000,000 Loan from Broward County, Florida and a Firm Commitment for Construction Financing - (Commission District 2) Attachments: CRA Board CAM 19-1048 Exhibit 1 - Location Map Exhibit 2 - Fat Village Master Plan Exhibit 3 - CRA Funding Application Exhibit 4 - FHFC and Broward County Application Schedule Exhibit 5 - Source and Use of Funds Exhibit 6 - Orix Real Estate Capital Conditional Commitment Letter Exhibit 7 - Letter of Intent from PNC Real Estate Exhibit 8 - 10 Year Proforma Exhibit 9 - Rents Exhibit 10 - Resolution R-2 19-1046 Resolution of the Fort Lauderdale Community Redevelopment Agency to Waive the Maximum Award Amount under the Property and Business Investment Improvement Program (PBIIP); Motion to Award an Additional $100,000 in Forgivable Loan Funding to 1134 LLC for the Smitty's Wings Restaurant Project Located at 1134 Sistrunk Boulevard - (Commission City of Fort Lauderdale Page 2 Printed on 10/11/2019 COMMUNITY REDEVELOPMENT Agenda October 15, 2019 AGENCY BOARD District 3) Attachments: CRA Board CAM 19-1046 Exhibit 1 - Location Map Exhibit 2 -Broward County Property Appraiser Information Exhibit 3 - Before and After Project Illustrations and Plans Exhibit 4 - Revised Construction Plans Exhibit 5 - Construction Draws Paid by the CRA to Date Exhibit 6 - Revised Contractor Cost Breakdown (Change Order) Exhibit 7 - NPF CRA Advisory Board Minutes - September 10, 2019 Exhibit 8 - Amended PBIP Agreement Exhibit 9 - Resolution ADJOURNMENT NOTICE TO MEMBERS OF THE PUBLIC: If a person decides to appeal any decision made by the board, agency, or commission with respect to any matter considered at such meeting or hearing, he or she will need a record of the proceedings, and that, for such purpose, he or she may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. City of Fort Lauderdale Page 3 Printed on 10/11/2019