Item Coversheet

CITY OF RIVIERA BEACH COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS
AGENDA ITEM SUMMARY

Meeting Date: 8/22/2018 
Agenda Category:
Subject: 

CRA BOND FINANCING REIMBURSEMENT

Recommendation/Motion: APPROVAL
Originating Dept INTERIM EXECUTIVE DIRECTOR  Costs  
User Dept. Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

THE CRA HAS DETERMINED THAT IT WILL SEEK TO OBTAIN ADDITIONAL FUTURE FINANCING FOR NEW REDEVELOPMENT PROJECTS.  THESE PROJECTS INCLUDE NEW PROPERTY ACQUISITION, BUILDING REHABILITATION, STREET AND RIGHT-OF-WAY IMPROVEMENT, AFFORDABLE HOUSING, AND MARINA INFRASTRUCTURE IMPROVEMENTS.  THESE INITIATIVES AND THE PROPOSED FUNDING ARE SUBJECT TO FUTURE REVIEW AND CONSIDERATION BY THE CRA BOARD.  THE CRA IS BEGINNING DUE DILIGENCE TASKS TOWARDS REALIZING THE ABOVE.  TOWARDS THIS EFFORT IT IS PREFERRED THAT ALL COSTS INCURRED BY THESE REQUIRED PREPARATIONS BE PAID OUT OF THE FUTURE DEBT ISSUANCE FUNDS IF APPROVED BY THE AGENCY.  THE PROPOSED RESOLUTION ALLOWS THESE COSTS TO BE APPLIED TO THE FUTURE FINANCING ISSUANCE.

 

 
 
Fiscal Years
Capital Expenditures
Operating Costs
External Revenues
Program Income (city)
In-kind Match (city) 
Net Fiscal Impact
NO. Additional FTE Positions
(cumulative)

III. Review Comments

A. Finance Department Comments:
 
B. Purchasing/Intergovernmental Relations/Grants Comments:
 
C. Department Director Review:
Contract Start Date 
Contract End Date
Renewal Start Date
Renewal End Date
Number of 12 month terms this renewal
Dollar Amount
Contractor Company Name
Contractor Contact
Contractor Address
Contractor Phone Number
Contractor Email
Type of Contract
Describe
ATTACHMENTS:
File NameDescriptionUpload DateType
Signed_resolution_for_purchase_of_2600_Broadway.pdfRESOLUTION-REIMBURSEMENT8/16/2018Resolution
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved8/16/2018 - 5:01 PM
CRA Internal ReviewEvans, ScottApproved8/16/2018 - 5:02 PM