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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING AND AUTHORIZING THE PROPER CITY OFFICIALS TO EXECUTE A MEMORANDUM OF UNDERSTANDING AMONG THE CITY OF POMPANO BEACH, AZUR EQUITIES, LLC, AND FLORIDIANS FOOTBALL CLUB INC., RELATING TO THE DESIGN, CONSTRUCTION AND OPERATION OF A SPORTS COMPLEX AT THE CITY’S 12 ACRE PARK IN PALM AIRE; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $1.5 million)
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(Staff Contact: Horacio Danovich)
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Summary Explanation/Background:
Staff is seeking approval of a Memorandum of Understanding (MOU) with Azur and the Floridians. The MOU will allow the applicants to start the approval process with Broward County and various City Departments to construct a state-of-the-art Sports Complex facility at the City’s 12-Acre park in Palm Aire. This is the first step in what Staff anticipates will be a lengthy approval process that will lead both parties to enter into a Development Agreement and lease options. Staff recommends approval
Origin of request for this action: CIP/City Manager’s Office
Fiscal impact and source of funding: $1.5 million from General Fund - Fund Balance. It is anticipated that the City will be provided a Voluntary Cleanup Tax Credit from the Florida Department of Environmental Protection for up to 75% of the costs to remediate.
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