File #: 25-306    Version: 1 Name:
Type: Item for Consideration/Discussion Status: Regular Agenda Ready
File created: 4/23/2025 In control: City Commission
On agenda: 4/30/2025 Final action:
Title: Downtown Development Project Update and Presentation - Update from the architect (HOK) on the City Hall and Parking Deck Design, Discussion of Proposed Additional Project Elements, Proposed Master Project Resolution, Proposed First Amendment to the Master Development Agreement and Discussion on the Financing of the City and CRA Obligations for the Downtown (Fiscal Impact: N/A)
Attachments: 1. Agenda Cover Memo.pdf, 2. Attachment 1 - Draft Master Project Resolution establishing additional elements for Downtown.pdf, 3. Attachment 2 - Draft First Amendment to the MDA.pdf, 4. Attachment 3 - NW CRA Distrcit Projections - Debt Service Coverage.pdf, 5. Attachment 4 - CRA Background Memo on Downtown Tax Increment Bonds and Draft Financing Documents.pdf, 6. Exhibit A to CRA Financing Memo- Supplemental Resolution and Form of Authorized Bonds.pdf, 7. Exhibit B to CRA Financing Memo - Form Bond Purchase Contract.pdf, 8. Exhibit C to CRA Financing Memo - Form of Preliminary Official Statement.pdf, 9. Exhibit D to CRA Financing Memo - Form of Continuing Disclosure Certificate - Pompano Beach CRA.pdf, 10. Exhibit E to CRA Financing Memo - Resolution of the City.pdf, 11. Attachment 5 - City Background Memo on Financing Documents for Civic Facilities.pdf, 12. Exhibit A.1 to City Financing Memo - Authorizing Ordinance No. 2025-34.pdf, 13. Exhibit A to City Financing Memo - Form of Ground Lease - Pompano Beach COPs 2025.pdf, 14. Exhibit B to City Financing Memo - Forms of Master Trust Agreement and Supplemental Trust Agreement - Pompano Beach COPs 2025.pdf, 15. Exhibit C to City Financing Memo - Form of Master Lease-Purchase Agreement including Form of Lease Schedule - Pompano Beach COPs.pdf, 16. Exhibit D to City Financing Memo - Form of Assignment of Lease Agreement - Pompano Beach COPs.pdf, 17. Exhibit E to City Financing Memo - Form of Assignment of Ground Lease Agreement - Pompano Beach COPs.pdf, 18. Exhibit F to City Financing Memo - Form of Certificate Purchase Contract - Pompano Beach COPs.pdf, 19. Exhibit G to City Financing Memo - Form of Preliminary Offering Statement - Pompano COPs 2025.pdf, 20. Exhibit H to City Financing Memo - Form of Continuing Disclosure Certificate - Pompano Beach COPs.pdf, 21. Exhibit I to City Financing Memo - Resolution of the Corporation No. 2025-01 - Pompano Beach COPs.pdf, 22. Attachment 6 - Sources and Uses Financial Models Summary.pdf, 23. Attachment 6 - Sources and Uses Financial Models Detail.pdf
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title
Downtown Development Project Update and Presentation - Update from the architect (HOK) on the City Hall and Parking Deck Design, Discussion of Proposed Additional Project Elements, Proposed Master Project Resolution, Proposed First Amendment to the Master Development Agreement and Discussion on the Financing of the City and CRA Obligations for the Downtown
(Fiscal Impact: N/A)

staffcontact
(Staff Contact: Suzette Sibble/Nguyen Tran)

summary
Summary Explanation/Background:
We are pleased to present a more detailed update on the Downtown Project. The architect (HOK) will provide an update on the design of the new City Hall and Parking Deck after receiving community input at the E. Pat Larkins Center on April 15th and from the City Commission and CRA Board at the joint workshop on April 22nd. It should be noted that the architects will be hosting a second community meeting at the Emma Lou Civic Center on May 7th at 6pm for additional input.

In addition, we will discuss the financial components of this important project, to include discussion of drafts of financing documents for the City and CRA approved obligations under the Master Development Agreement (MDA) that the CRA Board and/or City Commission will be required to approve on May 14th.

As discussed at the recent joint meeting on April 7th and again at the joint workshop on April 22nd, the City/CRA and the Developer have been working closely with Commissioner Perkins and community stakeholders to facilitate incorporating additional project elements into the new Downtown that are important to elevating the northwest district of our community. This will be an opportunity to provide any additional input relating to these additional project elements, as well as giving City/CRA staff input regarding the draft Master Project Resolution and the draft First Amendment to the Master Development Agreement.
No approvals are being requested at the April 30th Joint Meeting. At a Special City Commission/CRA Boa...

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