Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Resilient Environment Division: Housing Finance Division
Information
Requested Action
title
A. MOTION TO DISCUSS request by Town of Davie to approve extension of the Town of Davie Community Redevelopment Agency ("CRA") beyond the current expiration date of December 17, 2027, for an additional approximately 12 years through September 30, 2039, with no extension to tax increment financing for taxing authorities other than the Town of Davie but with annual affordable housing contributions of $2,320,000 (approximately 50% of Tax Increment Financing ("TIF")) made by the County for a seven-year period, for affordable housing only, for a total contribution of $18,560,000.
(Per the Tuesday Agenda Memorandum, withdrawn for further staff review.)
B. MOTION TO AUTHORIZE County Administrator to take all necessary administrative and budgetary action consistent with Board direction provided in Motion A, and to execute the proposed Interlocal Agreement with the Town of Davie and the Town of Davie Community Redevelopment Agency ("CRA") (Exhibit 1) inclusive of any modifications directed by the Board, subject to review for legal sufficiency by the County Attorney's Office. (Commission District 5)
(Per the Tuesday Agenda Memorandum, withdrawn for further staff review.)
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Why Action is Necessary
Necessary to permit Board discussion of the proposal and to provide Board direction regarding the terms required for extension of municipal CRAs.
What Action Accomplishes
Permits Board discussion and direction and authorizes the County Administrator to implement the Board's direction and execute the proposed Interlocal Agreement consistent with that direction.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None taken.
Summary Explanation/Background
THE RESILIENT ENVIRONMENT DEPARTMENT AND THE HOUSING FINANCE DIVISION RECOMMEND APP...
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