A RESOLUTION OF THE CHAIR AND BOARD OF DIRECTORS OF THE HALLANDALE BEACH COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING THE EXECUTIVE DIRECTOR AND HBCRA ATTORNEY TO NEGOTIATE AND FINALIZE AN AGREEMENT WITH HALLANDALE CITY CENTER, LLC TO PROVIDE A RENTAL GAP SUBSIDY TO HALLANDALE CITY CENTER, LLC FOR A FIVE YEAR PERIOD IN THE AMOUNT OF $349,920, SUBJECT TO INCREASES BASED ON THE BROWARD COUNTY INCOME LIMITS; AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE THE AGREEMENT; AUTHORIZING THE EXECUTIVE DIRECTOR TO TAKE ALL ACTION NECESSARY TO IMPLEMENT THE TERMS OF THE AGREEMENT; AND PROVIDING AN EFFECTIVE DATE. (STAFF : EXECUTIVE DIRECTOR)

What this record is

Amount

$350K

Runs until

March 12, 2029 2 years away date calculated from a contract term stated in the record, not quoted directly

Type

contract

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

Committee

HBCRA Board of Directors

Requested by

HBCRA Board of Directors

Introduced

March 12, 2024

On agenda

March 20, 2024

Where it was heard

HBCRA Board of Directors Mar 20, 2024

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