Item Coversheet

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

Meeting Date: 5/13/2020 
Agenda Category:
Subject: TOWNHOUSE PROJECT UPDATE
Recommendation/Motion: PRESENTATION UPDATE
Originating Dept NEIGHBORHOOD SERVICES  Costs  
User Dept. Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 

THE AGENCY HAS PARTNERED WITH RIVIERA BEACH CDC TO CREATE AND EXPAND HOME OWNERSHIP FOR OUR RESIDENTS.  THE AGENCY CURRENTLY HAS SITE CONTROL OVER SEVERAL PARCELS ON 11TH STREET NEAR THE AVENUE “E” CORRIDOR, THAT ARE SUITED FOR MULTI-UNIT HOUSING DEVELOPMENT.  THE RBCDC ALSO HAS SITE CONTROL IN THE SAME AREA.  WE PROPOSE THE FOLLOWING FOR PHASE I: CONSTRUCTION OF 12-16 TOWN HOMES, FOR SALE; PRICE TARGET: $195,000 (AFTER SUBSIDIES); IDEAL WORKFORCE PROJECT NEAR TO JOBS CENTERS; DOWN PAYMENT ASSISTANCE AVAILABLE FOR QUALIFIED BUYERS; AVAILABLE TO AFFIRMATIVE MARKET, WITH PREFERENCE FOR RIVIERA BEACH HOME BUYERS CLUB MEMBERS; PIPELINE OF INTERESTED BUYERS – 45+ PRE-QUALIFIED BUYERS; TYPES:  3/2 ½  WITH GARAGES, 3 STORY AND 2 STORY.

 
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
Townhouse_Presentation_5-13-20.pdfPRESENTATION5/5/2020Presentation
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved5/7/2020 - 1:57 PM
CRA Internal ReviewEvans, ScottApproved5/7/2020 - 2:00 PM