File #: 21-0785    Version: 1 Name:
Type: RESOLUTION Status: PASSED
File created: 7/29/2021 In control: Community Redevelopment Agency
On agenda: 8/17/2021 Final action: 8/17/2021
Title: Resolution Approving a $640,000 Development Incentive Program Loan as a Local Government Area of Opportunity Funding to Green Mills Holdings, LLC and The Pantry of Broward, Inc. for “The Pantry Lofts”, Contingent Upon the Award of 9% Tax Credits from the Florida Housing Finance Corporation, 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 2)
Sponsors: City Commission Regular Meeting
Attachments: 1. Commission Agenda Memo 21-0785, 2. Exhibit 1 - Location Map, 3. Exhibit 2 - Plans and Features, 4. Exhibit 3 - CRA Funding Application and Project Overview, 5. Exhibit 4 - JP Morgan Chase Commitment Letter, 6. Exhibit 5 - Raymond James Commitment Letter, 7. Exhibit 6 - Project Summary and Pro-forma, 8. Exhibit 7 - Project Schedule, 9. Exhibit 8 - July 13, 2021, NPF CRA Advisory Board Draft Minutes, 10. Exhibit 9 - Resolution, 11. Resolution No. 21-161, 12. CAM 21-0785 Loan Term sheet for the Pantry Lofts
Related files: 21-0723

Title

Resolution Approving a $640,000 Development Incentive Program Loan as a Local Government Area of Opportunity Funding to Green Mills Holdings, LLC and The Pantry of Broward, Inc. for “The Pantry Lofts”, Contingent Upon the Award of 9% Tax Credits from the Florida Housing Finance Corporation, 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 2)