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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, APPROVING A TERM SHEET ADDRESSING THE REDEVELOPMENT AND CONVEYANCE OF THE BROWARD COUNTY RETENTION/DETENTION PARCEL LOCATED WITHIN THE BOUNDARIES OF THE DOWNTOWN POMPANO TRANSIT ORIENTED CORRIDOR PROJECT AREA IN EXCHANGE FOR APPROXIMATELY 3.838 ACRES OF LAND AND IMPROVEMENTS CONTAINING THE ANNIE L. WEAVER CENTER, LOCATED AT 2011 NORTHWEST 3RD AVENUE IN POMPANO BEACH, FLORIDA; AUTHORIZING THE PROPER OFFICIALS TO NEGOTIATE AND EXECUTE APPROPRIATE AGREEMENTS BETWEEN BROWARD COUNTY, THE CITY, AND THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY PURSUANT TO THE TERM SHEET, SUBJECT TO LEGAL REVIEW AND APPROVAL BY THE CITY ATTORNEY AND CRA ATTORNEY; PROVIDING FOR AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Suzette Sibble / Cassandra LeMasurier)
summary
Summary Explanation/Background:
Consideration and approval of a Term Sheet addressing the redevelopment and conveyance of the Broward County Retention/Detention parcel located within the boundaries of the Downtown Pompano Transit Oriented Corridor Project area in exchange for approximately 3.838 acres of land and improvements containing the Annie L. Weaver Center, located at 2011 N.W. 3rd Avenue in Pompano Beach, Florida and authorizing the negotiation and execution of appropriate agreements pursuant to the Term Sheet among the City of Pompano Beach, Pompano Beach Community Redevelopment Agency and Broward County.
Origin of request for this action: Staff
Fiscal impact and source of funding: N/A
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