File #: 24-0578    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 5/24/2024 In control: Community Redevelopment Agency
On agenda: 6/18/2024 Final action: 6/18/2024
Title: Resolution of the City Commission of the City of Fort Lauderdale Ratifying a $640,000 Loan approved by the Fort Lauderdale Community Redevelopment Agency as Local Government Area of Opportunity Funding to Mount Hermon Housing, LTD for the “Mount Hermon Apartments”; Authorizing the City Manager to Execute Any and All Instruments Related to the Loan; and Delegating Authority to the City Manager to Take Certain Actions - (Commission District 3)
Sponsors: City Commission Regular Meeting
Attachments: 1. Commission Agenda Memo 24-0578, 2. Exhibit 1 – CAM #20-0645, 3. Exhibit 2 – Location Map, 4. Exhibit 3 – Plans and Features, 5. Exhibit 4 – HTG CRA Funding Application, 6. Exhibit 5 – JP Morgan Chase Commitment Letter, 7. Exhibit 6 – Raymond James Letter, 8. Exhibit 7 – Project Summary and Pro-Forma, 9. Exhibit 8 – Project Schedule, 10. Exhibit 9 – August 11, 2020, NPF Advisory Board Minutes, 11. Exhibit 10 – Resolution #20-06 (CRA) – dated September 1, 2020, 12. Exhibit 11 – Resolution

Title

Resolution of the City Commission of the City of Fort Lauderdale Ratifying a $640,000 Loan approved by the Fort Lauderdale Community Redevelopment Agency as Local Government Area of Opportunity Funding to Mount Hermon Housing, LTD for the “Mount Hermon Apartments”; Authorizing the City Manager to Execute Any and All Instruments Related to the Loan; and Delegating Authority to the City Manager to Take Certain Actions - (Commission District 3)