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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AMENDING THE CAPITAL IMPROVEMENT PLAN FOR THE CITY OF POMPANO BEACH FOR FISCAL YEARS 2019 THROUGH 2023 TO INCLUDE A PROJECT TO CONSTRUCT A NEW MUNICIPAL COMPLEX; ESTABLISHING THE APPROPRIATE BUDGET FOR FY 2019; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $9,600,000)
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(Staff Contact: Suzette Sibble)
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Summary Explanation/Background:
This agenda item is requesting the amendment of the City’s 2019-2023 Capital Improvement Plan in order to establish a project for the construction of a new Municipal Complex in the Innovation District. The proposed Municipal Complex would serve as an anchor for the Innovation District. The City/CRA has issued Request for Letters of Interest (RLI #E-29-19 Phase 1), Master Developer for the Downtown and the Innovation District. This is the first step in ultimately partnering with the private sector to develop over 30 acres of land within the +/- 70 acre Innovation District. The relocation of the City’s existing civic campus to the Innovation District will represent one component of public sector investment in this vast public/private partnership initiative. The establishment of this project within the City’s formal Capital Improvement Plan, will serve to demonstrate to the private sector, the City’s serious commitment to making this public sector investment in the heart of the Innovation District, serving as a stimulus for a Master Developer to develop surrounding uses (hotel, retail, office etc.). Please refer to the attached memorandum for additional discussion.
Origin of request for this action: City Manager’s Office
Fiscal impact and source of funding: $9,600,000 from Fund Balance - Building Permits Fund.
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