A. MOTION TO APPROVE Evaluation Committee final ranking of applications for the Affordable Housing Development of 1201 NW 31st Avenue, Pompano Beach, Florida, Request For Applications (“RFA”) for gap financing; authorizing the County Administrator to negotiate and execute all agreements with the highest ranked applicant subject to approval as to legal sufficiency by the Office of the County Attorney, and to take the necessary administrative and budgetary actions. (Per the Tuesday Agenda Memorandum, the Board's consideration is based on the item as amended by the Additional Material, including the amended motion statement and Exhibit 4, submitted by Resilient Environment Department.) ACTION: (T-11:03 AM) Approved as amended with Regular Meeting Additional Material, dated December 10, 2024, submitted at the request of Resilient Environment Department. VOTE: 8-0. Vice-Mayor Bogen was inaudible during the vote. B. MOTION TO ADOPT budget Resolution in the amount of $7,000,000 for gap financing from the Affordable Housing Trust Fund (“AHTF”) for RUDG, LLC for the Cross Creek mixed-use multifamily affordable housing development consisting of 467 total units, including 440 income restricted affordable units; authorizing the County administrator to negotiate and execute all agreements related to gap financing for the project; subject to approval as to legal sufficiency by the Office of the County Attorney, and to take the necessary administrative and budgetary actions. (Per the Tuesday Agenda Memorandum, the Board's consideration is based on the item as amended by the Additional Material, including the amended motion statement and Exhibit 4, submitted by Resilient Environment Department.) ACTION: (T-11:03 AM) Approved Resolution No. 2024-528 as amended with Regular Meeting Additional Material, dated December 10, 2024, submitted at the request of Resilient Environment Department. VOTE: 8-0. Vice-Mayor Bogen was inaudible during the vote. C. MOTION TO ADOPT Resolution to enter a ground lease with RUDG, LLC to convey County owned parcels of real property for the purpose of constructing a mixed-use multifamily affordable housing development and enable RUDG, LLC to pursue funding for the development from the Florida Housing Finance Corporation (“FHFC”). (Commission District 8) (Per the Tuesday Agenda Memorandum, the Board's consideration is based on the item as amended by the Additional Material, including the amended motion statement and Exhibit 4, submitted by Resilient Environment Department.) ACTION: (T-11:03 AM) Approved as amended with Regular Meeting Additional Material, dated December 10, 2024, submitted at the request of Resilient Environment Department. VOTE: 8-0. Vice-Mayor Bogen was inaudible during the vote.

What this record is

Held by

RUDG, LLC

Amount

$7.00M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

contract

Field

Construction

construction contracts in FL that end within a year →
Governments publish the end date in the award. That date is when the work goes back out to bid, and it is usually stated years ahead.

Read automatically from the title of the official record. The source document below is authoritative.

Committee

Public Works and Environmental Services - Housing Finance Authority

Requested by

Resilient Environment - Housing Finance Division

Introduced

October 1, 2024

On agenda

December 10, 2024

Passed

December 10, 2024

Where it was heard

County Commission Dec 10, 2024

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