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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO APPLY FOR A BROWARD REDEVELOPMENT PROGRAM GRANT IN THE AMOUNT OF $1,000,000 FOR THE REDEVELOPMENT AND REVITALIZATION OF “OLD DOWNTOWN POMPANO”; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $4.3 million)
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(Staff Contact: Horacio Danovich/Mark Korman)
summary
Summary Explanation/Background:
Staff is seeking authorization to submit an application for a Broward Redevelopment Program Grant in the amount of $1 million. If approved, this grant will help supplement previously secured funding obtained via a Section 108 Loan for proposed improvements in Old Pompano.
Origin of request for this action: CIP/OHUI
Fiscal impact and source of funding: $4.3 million Section 108 Loan (matching funds, previously approved)
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