File #: 21-592   
Status: Agenda Ready
In control: Resilient Environment - Housing Finance Division
Agenda Date: 4/20/2021 Final action: 4/20/2021
Title: A. MOTION TO APPROVE Second Amendment to Loan Agreement regarding a County Loan for the acquisition and permitted soft costs for a property located at 3700-3776 N.E. 12th Avenue, Oakland Park, Florida by and among Broward County, the City of Oakland Park (City), and the Oakland Park Community Redevelopment Agency (CRA) to allow for the loan-to-grant provisions to be extended from 20 to 30 years and to allow for the principal payment paid on March 31, 2021 to be treated as a credit towards a subsequent loan-to-grant conversion request; and authorize the Mayor and Clerk to execute same. (Commission District 4) ACTION: (T-10:51 AM) Approved. VOTE: 9-0. B. MOTION TO APPROVE Third Amendment to Loan Agreement regarding a County Loan for the acquisition and permitted soft costs for a property located at 3148 N.E. 12th Avenue, Oakland Park, Florida (Site 2), by and among Broward County, the City of Oakland Park (City), and the Oakland Park Community Redevelopment Agency (CRA) to allow ...
Indexes: Established Commission Goals
Attachments: 1. Exhibit 1A - Oakland Park RCP LA Amend 2, 2. Exhibit 1B - Oakland Park RCP LA Amend 3, 3. Exhibit 1C - Oakland Park RCP LA Amend 1, 4. Exhibit 1D - Oakland Park RCP LA Amend 1, 5. Exhibit 1E - Oakland Park RCP LA Amend 1, 6. Exhibit 1F - Oakland Park RCP LA Amend 1, 7. Exhibit 1G - Oakland Park RCP LA Amend 1, 8. Exhibit 1H - Oakland Park RCP LA Amend 1, 9. Exhibit 1I - Oakland Park RCP LA Amend 1, 10. Exhibit 1J - Dania Beach RCP LA Amend 4, 11. Exhibit 2 - RCP Background and Conv Provisions, 12. Exhibit 3 - RCP Loan Summary and Projected income, 13. Exhibit 4 - RCP Summary - Converted Loans and Balances, 14. Exhibit 5 - Oakland Park RCP Request 2.24.21
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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Broward County Commission Regular Meeting
Director's Name: Leonard Vialpando
Department: Environmental Protection Division: Housing Finance & Comm. Redevelopment

Information
Requested Action
title
A. MOTION TO APPROVE Second Amendment to Loan Agreement regarding a County Loan for the acquisition and permitted soft costs for a property located at 3700-3776 N.E. 12th Avenue, Oakland Park, Florida by and among Broward County, the City of Oakland Park (City), and the Oakland Park Community Redevelopment Agency (CRA) to allow for the loan-to-grant provisions to be extended from 20 to 30 years and to allow for the principal payment paid on March 31, 2021 to be treated as a credit towards a subsequent loan-to-grant conversion request; and authorize the Mayor and Clerk to execute same. (Commission District 4)

ACTION: (T-10:51 AM) Approved.

VOTE: 9-0.

B. MOTION TO APPROVE Third Amendment to Loan Agreement regarding a County Loan for the acquisition and permitted soft costs for a property located at 3148 N.E. 12th Avenue, Oakland Park, Florida (Site 2), by and among Broward County, the City of Oakland Park (City), and the Oakland Park Community Redevelopment Agency (CRA) to allow for the loan-to-grant provisions to be extended from 20 to 30 years; and authorize the Mayor and Clerk to execute same. (Commission District 4)

ACTION: (T-10:51 AM) Approved.

VOTE: 9-0.

C. MOTION TO APPROVE First Amendment to Loan Agreement regarding a County Loan for the demolition and improvements to provide public parking on a previously acquired property located at 3700-3776 N.E. 12th Avenue, Oakland Park, Florida by and among Broward County, the City of Oakland Park (City), and the Oakland Park Community Redevelopment Agency (CRA) to allow for the loan-to-grant provisions to be extended from 20 to 30 years and to allow for the principal payment paid on March 31, 2021 to be treated as a credit towards a subsequent loan-to-grant conversion request; and a...

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