File #: 25-0162    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 1/24/2025 In control: Community Redevelopment Agency
On agenda: 2/18/2025 Final action: 2/18/2025
Title: Resolution Approving a $6,000,000 Forgivable Loan to SJC Sistrunk, LLC and Authorizing the Executive Director to Negotiate and Execute the Development Agreement and Any and All Other Documents or Instruments Necessary or Incidental to Consummate the Transaction - (Commission District 2)
Sponsors: COMMUNITY REDEVELOPMENT AGENCY BOARD
Attachments: 1. CRA Board Memo 25-0162, 2. Exhibit 1 - Location Map, 3. Exhibit 2 - Broward County Property Appraiser Information, 4. Exhibit 3 - Developer’s CRA Funding Application, 5. Exhibit 4 - Project Renderings and Architectural Drawings, 6. Exhibit 5 - Development and Operating Pro Forma, 7. Exhibit 6 - Construction Budget, 8. Exhibit 7 - Construction Lenders, 9. Exhibit 8 - Project Team, 10. Exhibit 9 - SJC Sistrunk, LLC, 11. Exhibit 10 - Environmental Reports, 12. Exhibit 11 - Letter of Intent, 13. Exhibit 12 - NPF CRA Advisory Board Draft Minutes of January 14, 2025, 14. Exhibit 13 - Resolution

Title

Resolution Approving a $6,000,000 Forgivable Loan to SJC Sistrunk, LLC and Authorizing the Executive Director to Negotiate and Execute the Development Agreement and Any and All Other Documents or Instruments Necessary or Incidental to Consummate the Transaction - (Commission District 2)