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RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, MAKING CERTAIN FINDINGS AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE A BROWNFIELD SITE REHABILITATION AGREEMENT AND AN ACCESS AGREEMENT WITH BROWARD COUNTY DEPARTMENT OF ENVIRONMENTAL PROTECTION AND GROWTH MANAGEMENT FOR THE POMPANO BEACH SPORTS PARK REUSE AREA LOCATED AT 3190 NW 4” STREET, POMPANO BEACH, FLORIDA 33069, FOLIO NUMBER 4842-32-19-0030, FOR THE PURPOSE OF REHABILITATION, JOB CREATION AND PROMOTING ECONOMIC REDEVELOPMENT; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Horacio Danovich)
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Summary Explanation/Background:
This agenda item will authorize Staff to negotiate an agreement with Broward County Staff to remediate the 11.76-Acre site, which is planned to be redeveloped as a Sports Complex. The agreement is a requirement to identify the City of Pompano Beach as the entity that will carry out necessary remediation activity to rehabilitate the site. By virtue of this agreement, the City will be able to recover a portion of the costs to remediate through the issuance of Tax Credit Certificates. If successful, the City will be able to recover close to $1 million of the projected costs to remediate the site ($1.4 million).
Origin of request for this action: CIP/Engineering
Fiscal impact and source of funding: N/A
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