File #: 25-0945    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 9/10/2025 In control: Community Redevelopment Agency
On agenda: 12/2/2025 Final action:
Title: Resolution Approving a $10,000,000 Development Incentive Program Forgivable Loan, Dispersed Over Five (5) Years, to 312 NW 7th Street LLC; Accepting a Donation of Property from 525 NW 7th Terr LLC and 639 NW 9th Ave LLC; Authorizing the Executive Director to Execute Any and All Related Instruments; and Delegating Authority to the Executive Director to Take Certain Actions - (Commission Districts 2 and 3)
Sponsors: COMMUNITY REDEVELOPMENT AGENCY BOARD
Attachments: 1. CRA Board Memo 25-0945, 2. Exhibit 1 - Project Location Map, 3. Exhibit 2 - Broward County Property Appraiser Information, 4. Exhibit 3 - Developer’s CRA Funding Application, 5. Exhibit 4 - Project Presentation, 6. Exhibit 5 - 10 Year Proforma, 7. Exhibit 6 - Project Plans and Illustrations, 8. Exhibit 7 - Location Map of Property to be Donated to the CRA, 9. Exhibit 8 - Broward County Property Appraiser Information for Property to be Donated to the CRA, 10. Exhibit 9 - Sunbiz for 525 NW 7th Terr LLC, 11. Exhibit 10 - Sunbiz for 639 NW 9th Ave LLC, 12. Exhibit 11 - Developer and Affiliate Property Holdings in the NPF CRA, 13. Exhibit 12 - Florida Division of Corporations Information and Developer Operating Agreements, 14. Exhibit 13 - Letter from City National Bank, 15. Exhibit 14 - September 9, 2025, Northwest-Progresso-Flagler Heights CRA Advisory Board Minutes, 16. Exhibit 15 - Development Incentive Program Letter of Intent, 17. Exhibit 16 - Resolution
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Resolution Approving a $10,000,000 Development Incentive Program Forgivable Loan, Dispersed Over Five (5) Years, to 312 NW 7th Street LLC; Accepting a Donation of Property from 525 NW 7th Terr LLC and 639 NW 9th Ave LLC; Authorizing the Executive Director to Execute Any and All Related Instruments; and Delegating Authority to the Executive Director to Take Certain Actions - (Commission Districts 2 and 3)