Broward County Commission Regular Meeting
Director's Name: Sandy-Michael McDonald
Department: Economic and Small Business Development
Information
Requested Action
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MOTION TO APPROVE increase in the County's financial commitment for Alverine Brihm/WALBRI, LLC, related to participation in the Broward Municipal Services District (BMSD) Economic Development Program for the commercial property located at 681 NW 27th Avenue, from $85,658 to $132,000, and authorize the County Administrator, or designee, to execute any amendments to the agreement, subject to review for legal sufficiency by the Office of the County Attorney, provided the total County financial commitment does not exceed $200,000.
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Why Action is Necessary
Broward County Board of County Commissioners (Board) approval is required to authorize the County Administrator, or designee, to execute all necessary documents approved by the Office of the County Attorney to effectuate participation in the Program.
What Action Accomplishes
This action allows the Office of Economic and Small Business Development (OESBD) to finalize all required documents and agreements for participation in the Program. This action also authorizes the County Administrator, or designee, to execute all necessary documents, subject to review for legal sufficiency by the Office of the County Attorney, to effectuate Owner/Applicant participation and funding under the Program.
Is this Action Goal Related
Yes
Previous Action Taken
On September 15, 2016, the Board approved the Broward Municipal Services District (BMSD) Economic Development Program (Item No. 77) to revitalize the commercial corridors of the BMSD.
On March 28, 2017, the Board approved two pilot projects, Arkim Sims-Morgan/Room2Grow Academy, Inc., and Alverine Brihm/WALBRI, LLC, for participation in the BMSD Economic Development Program (Item No. 48).
Summary Explanation/Background
THE OFFICE OF ECONOMIC AND SMALL BUSINESS DEVELOPMENT RECOMMENDS APPRO...
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