File #: 20-0849    Version: 1 Name:
Type: RESOLUTION Status: Agenda Ready
File created: 10/14/2020 In control: Community Redevelopment Agency
On agenda: 11/17/2020 Final action: 11/17/2020
Title: Resolution Approving a Forgivable Loan of Three Million Dollars ($3,000,000) to Wright Dynasty, LLC, under the Development Incentive Program - 1217-1223 Sistrunk Boulevard, Fort Lauderdale, FL 33311; Authorizing the Executive Director to Execute the Letter of Intent and Other Documents Related to this Transaction; and Delegating Authority to the Executive Director to Take Certain Actions and Providing for an Effective Date - (Commission District 3)
Sponsors: COMMUNITY REDEVELOPMENT AGENCY BOARD
Attachments: 1. CRA Board CAM 20-0849, 2. Exhibit 1 – Location Map, 3. Exhibit 2 – BCPA Information, 4. Exhibit 3 – Architectural Plans, 5. Exhibit 4 – KAP Architecture Project Narrative, 6. Exhibit 5 – LHIG Development Proposal, 7. Exhibit 6 – CRA Application and Supplemental Responses, 8. Exhibit 7 – Financial Projections and 10-year Pro Forma Financial Statements, 9. Exhibit 8 – Cost and Funding Breakdown, 10. Exhibit 9 – Letter of Intent, 11. Exhibit 10 – Resolution, 12. Exhibit 11 – NPFH CRA Advisory Board Draft Minutes of 10/13/2020, 13. CAM 20-0849 Devolpment Incentive Program Loan Letter of Intent-Wright Dynasty, LLC, 14. Resolution No. 20-12 (CRA)

Title

Resolution Approving a Forgivable Loan of Three Million Dollars ($3,000,000) to Wright Dynasty, LLC, under the Development Incentive Program - 1217-1223 Sistrunk Boulevard, Fort Lauderdale, FL 33311; Authorizing the Executive Director to Execute the Letter of Intent and Other Documents Related to this Transaction; and Delegating Authority to the Executive Director to Take Certain Actions and Providing for an Effective Date - (Commission District 3)