Item Coversheet

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

Meeting Date: 10/10/2018 
Agenda Category:
Subject: DEVELOPMENT PROPOSAL: BERKELEY LANDING, A SENIOR RENTAL MIXED INCOME COMMUNITY TO BE LOCATED AT 3100 AND 3124 BROADWAY, RIVIERA BEACH, FL
Recommendation/Motion: APPROVAL
Originating Dept DIRECTOR OF NEIGHBORHOOD SERVICES  Costs  
User Dept. Funding Source
AdvertisedYes Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 
THE AGENCY IS REQUESTING THE BOARD OF COMMISSIONERS TO APPROVE A RESOLUTION AUTHORIZING A LOCAL GOVERNMENT AREA OF OPPORTUNITY FUNDING CONTRIBUTION AND LOAN IN THE AMOUNT OF $567,500. THE LOAN IS A DEMONSTRATION OF A LOCAL GOVERNMENT COMMITMENT TO THE PROJECT AND WILL MAXIMIZE THE APPLICANT'S SCORE FOR AN ALLOCATION OF LOW INCOME HOUSING TAX CREDITS (LIHTCS). 
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
MEMO-BERKELEY_LANDING.pdfMEMO10/4/2018Cover Memo
VERIFICATION_OF_CONTRIBUTION-BERKELEY_LANDING.pdfVERIFICATION OF CONTRIBUTION 10/4/2018Exhibit
LOAN_COMMITTMENT_LETTER-WENDOVER_HOUSING_PARTNERS.pdfLOAN COMMITMENT LETTER10/4/2018Exhibit
RESOLUTION_NO_2018_Berkeley_Landing.pdfRESOLUTION10/10/2018Resolution
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved10/4/2018 - 4:54 PM
CRA Internal ReviewEvans, ScottApproved10/4/2018 - 4:54 PM