File #: 17-588    Version: 1 Name:
Type: Resolution / Regular Agenda Status: Passed
File created: 7/17/2017 In control: City Commission
On agenda: 7/25/2017 Final action: 7/25/2017
Title: 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)
Attachments: 1. Memo to Commission, 2. Exhibit 1, 3. City Attorney Memo, 4. 2017-290, 5. Broward County NOFA Application first draft, 6. First draft, 7. Grant Budget

title

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)

 

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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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