COMMUNITY REDEVELOPMENT AGENCY BOARD

City of Fort Lauderdale COMMUNITY REDEVELOPMENT AGENCY BOARD Agenda Tuesday, January 21, 2020 - 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 January 21, 2020 AGENCY BOARD ROLL CALL MOTIONS M-1 20-0113 Motion to Approve Minutes for January 7, 2020 Community Redevelopment Agency (CRA) Board Meeting - (Commission Districts 2 and 3) Attachments: January 7, 2020 Community Redevelopment Agency Board Meeting Minutes M-2 20-0005 Motion Recommending Adoption of an Amendment to the Fort Lauderdale Beach Community Redevelopment Plan - (Commission District 2) Attachments: CRA Board CAM 20-0005 Exhibit 1 - Amended Beach Community Redevelopment Plan RESOLUTIONS R-1 20-0011 Resolution Authorizing the Disposition of Property at 714 Sistrunk Boulevard and 526 NW 7th Terrace to West Village LLC, Approving a $8,400,000 Development Incentive Program Forgivable Loan and a $3,600,000 Development Incentive Program Zero Interest Loan to West Village LLC for the West Village Project Located at 501 NW 7th Avenue, and Authorizing a Lease of Commercial Space in the Project to the Fort Lauderdale Community Redevelopment Agency - (Commission District 3) Attachments: CRA Board CAM 20-0011 Exhibit 1 - Location Map Exhibit 2 - Proposed Project Site Plan and Illustrations Exhibit 3 - West Village Project Property Exhibit 4 - Notice of Invitation for Proposals and Appraisal Exhibit 5 - Developers Proposal to Purchase Exhibit 6 - Development Approvals Exhibit 7 - Parking Reduction Request Exhibit 8 - Estimated Project Cost Exhibit 9 - 10 Year Proforma Exhibit 10 - Development Team Qualifications Exhibit 11 - Internal Rate of Return Analysis Exhibit 12 - Economic Impact Analysis – Walter Duke and Partners Exhibit 13 - Developers Application for Funding Exhibit 14 - December 10, 2019 NPF Redevelopment Advisory Board Draft Minutes Exhibit 15 - Development Incentive Program Letter of Intent Exhibit 16 - Resolution Exhibit 17 - Commercial Contract with Addendum City of Fort Lauderdale Page 2 Printed on 1/16/2020 COMMUNITY REDEVELOPMENT Agenda January 21, 2020 AGENCY BOARD 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 1/16/2020