Temp. Reso. #R7027 approving a total 89-year Ground Lease Agreement and related exhibits between the City, as landlord, and Pinnacle at La Cabaña, LLLP, as tenant, for the 2.3-acre former Miramar Public Safety Building Site, located north of Miramar Parkway and east of the Adult Daycare Center, for a minimum upfront lease payment of $1,800,000, for the development of a Multi-family Elderly Affordable Rental Apartment Community, consisting of 100 to 120 units on the property; authorizing the City Manager to enter into a loan commitment in an approximate amount of $656,000 to assist the project financially and induce the Florida Housing Finance Corporation to provide low-income housing tax credits and/or other financing sources for the project; and further authorizing the City Manager to execute the Ground Lease Agreement and any associated documents as may be required to effectuate the lease and loan commitment. (Continued from the Meeting of 10/02/19) (Community Development Director Eric Silva)

What this record is

Held by

Florida Housing Finance Corporation 11 records across this site

Amount

$656K

Runs until

no end date published in this record

Type

contract

Field

Real estate

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

Florida Housing Finance Corporation also holds

MOTION TO APPROVE use of Housing Finance Authority (“HFA”) funds as a Local Government Contribution (“LGC”) and Local Government Area of Opportunity (… $2.00M Broward County, FL Request for approval to expend no more than $55,000.00 in Florida Housing Finance Corporation State Housing Initiatives Partnership (SHIP) funds for t… Deltona, FL MOTION TO APPROVE use of Housing Finance Authority (“HFA”) funds as the Local Government Contribution (“LGC”) and Local Government Area of Opportunity… $2.00M Broward County, FL A. MOTION TO ADOPT Resolution, the title of which is as follows: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF BROWARD COUNTY, FLORIDA, APPROVI… Broward County, FL Resolution Approving a $640,000 Loan as Local Government Area of Opportunity Funding to Pinnacle at Cypress, LLLP for the “Pinnacle at Cypress” Projec… Fort Lauderdale, FL

All 11 records for Florida Housing Finance Corporation →

Committee

CITY COMMISSION REGULAR MEETING

Requested by

City Manager's Office

Introduced

September 10, 2019

On agenda

October 16, 2019