Item Coversheet

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

Meeting Date: 7/29/2021 
Agenda Category:
Subject: REQUEST FOR THE APPROVAL OF THE EXECUTION OF A DEVELOPMENT AGREEMENT AND AGREEMENT FOR SALE AND PURCHASE BY AND BETWEEN THE AGENCY AND RBCDC 11th Street, LLC FOR THE SALE AND DEVELOPMENT OF THE 11TH STREET TOWNHOUSE PROJECT; FINDING THAT THE SALES PRICE REPRESENTS FAIR VALUE; FINDING THAT THE PROJECT ELIMINATES SLUM AND BLIGHT AND DIRECTING AND AUTHORIZING THE CHAIRMAN AND EXECUTIVE DIRECTOR TO TAKE SUCH ACTIONS AS SHALL BE NECESSARY AND CONSISTENT TO CARRY OUT THE INTENT AND DESIRE OF THE AGENCY
Recommendation/Motion: APPROVAL 
Originating Dept ADMINISTRATION   Costs  
User Dept.NEIGHBORHOOD SERVICES  Funding Source
AdvertisedNo Budget Account Number
Date   
Paper   
Affected PartiesNot Required   
Background/Summary: 
PROPOSED DEVELOPMENT AGREEMENT FOR THE 11TH STREET TOWNHOUSE PROJECT. ON FEBRUARY 2021 BOARD MEETING, PROJECT SUPPORT OF $925,000 WAS APPROVED, PURSUANT TO THE RESOLUTION NO 2021-03 ATTACHED.  
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
MEMORANDUM_Townhouse_Project_Development_Agreement.pdfMEMO TOWNHOUSE PROJECT DEVELOPMENT AGREEMENT7/7/2021Cover Memo
Resolution_Approving_11th_Street_LLC_Development_Agreement.pdfRESOLUTION APPROVING 11TH STREET LLC DEVELOPMENT AGREEMENT7/7/2021Resolution
RESOLUTION_NO_2021-03-FY_20-21_HOUSING_PROGRAMS.pdfRESOLUTION NO 2021-03 FY 20-21 HOUSING PROGRAMS7/7/2021Resolution
Agreement_for_Development_and_Loan_Agreement_RBCRA-RBCDC.pdfAGREEMENT FOR DEVELOPMENT AND LOAN AGREEMENT RBCRA-RBCDC7/7/2021Agreement
Agreement_for_sale_and_purchase_RBCDC_11th_Street_LLC.pdfAGREEMENT FOR SALE AND PURCHASERBCDC 11TH STREET LLC 7/7/2021Agreement
21-0630_RBCDC_11th_St_TH_Outline_Schedule_Option_B.pdf21-0630 RBCDC 11TH STREET OUTLINE SCHEDULE7/7/2021Exhibit
Purchase_Money_Promissory_Note_11th_Street_property.pdfPURCHASE MONEY PROMISSORY NOTH 11TH STREET PROPERTY 7/7/2021Exhibit
RESTRICTVCOV-11th_Street_Project.pdf11TH STREET PROJECT 7/7/2021Exhibit
REVIEWERS:
DepartmentReviewerActionDate
CRAEvans, ScottApproved7/7/2021 - 7:46 PM
CRA Internal ReviewEvans, ScottApproved7/7/2021 - 7:55 PM