Motion To Adopt First Amendment To The Interlocal Agreement Among Broward County, The City Of Oakland Park, And The Oakland Park Community Redevelopment Agency For The Oakland Park Square Redevelopment Project (“Ila”), To Extend The Ila Term By Three Year

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Broward County Commission Regular Meeting Director's Name: Leonard Vialpandodepartment: Resilient Environment Division: Housing Finance Divisioninformationrequested Action Motion To Adopt First Amendment To The Interlocal Agreement Among Broward County, The City Of Oakland Park, And The Oakland Park Community Redevelopment Agency For The Oakland Park Square Redevelopment Project ("Ila"), To Extend The Ila Term By Three Years To Terminate On September 30, 2032; And Authorize The Mayor And Clerk To Execute Same. (Commission District 4)Bodywhy Action Is Necessaryboard Approval Is Required To Amend Interlocal Agreements.what Action Accomplishesapproves The First Amendment To An Ila Between The County, The City Of Oakland Park, And ("City") The Oakland Park Community Redevelopment Agency ("Cra"), Extending The Term By Three Years To Terminate On September 30, 2032.Goal Related Icon(S)?County Commission?Go Green?Map Browardprevious Action Takenthe Board Originally Approved The Ila At The May 21, 2019, Meeting (Agenda Item No. 52).Summary Explanation/Backgroundthe Resilient Environment Department And The Housing Finance Division Recommend Approval Of The Above Motion.this Item Supports The Board's Value Of "Ensuring Economic Opportunities And A Sustainable Economy, With An Emphasis On Broward's Lower And Middle Class."On May 21, 2019, The Board Approved An Ila To Provide $1,100,000 In Funding In Connection With The City's Mixed-Use Redevelopment Project Known As The Sky Building Project (F/K/A, The Oakland Park Square Redevelopment Project, The "Project"), Which Includes 87 Residential Units, 11 Live-Work Units, 34,600 Square Feet Of Retail/Commercial Uses, 29,000 Square Feet Of Office Space To House The Relocated Oakland Park City Hall, And 343 Structured Parking Spaces, In The Area Depicted In Exhibit 3. The Ila Gave A Six-Year Deadline For Project Completion, Or No Funds Would Be Transferred To The City.housing.