AGENDA ITEM REPORT
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A RESOLUTION AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO PREPARE AND SUBMIT A GRANT APPLICATION TO THE BROWARD COUNTY HOUSING FINANCE AND COMMUNITY REDEVELOPMENT DIVISION FOR THE FISCAL YEAR (FY) 2018 BROWARD REDEVELOPMENT PROGRAM (BRP) FUNDING CYCLE FOR THE HILLSBORO CORRIDOR REDEVELOPMENT AREA PUBLIC IMPROVEMENTS AND AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO ENTER INTO THE APPROPRIATE AGREEMENTS REQUIRED TO RECEIVE FUNDING.
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BACKGROUND:
The Broward County Housing Finance and Community Redevelopment Division provides matching grant funding through the Broward Redevelopment Program (BRP) for eligible projects that result in the redevelopment of designated areas exhibiting blighting conditions, high unemployment, and declining property values. The Program provides grant funding up to $1,000,000 for property acquisition, affordable housing, interior build-out for economic development, and public improvements and requires a fifteen percent cash or in kind non-County match. The City has recently expended over $200,000 on public improvements and design studies for this area, including median enhancements on Hillsboro Boulevard and consultant fees for master plan design for redevelopment.
DISCUSSION:
The City is committed to the responsible development and redevelopment of the Hillsboro Corridor Redevelopment Area and intends to submit a BRP Grant Application for this area on or before the September 8, 2017, deadline established by Broward County. The BRP provides a valuable opportunity to address the blighted conditions, as identified in "The Finding of Blight Report," through a combination of activities, including land assemblage, streetscape improvements, and other public improvements, where feasible.
Critical to the success of these activities is the redevelopment of key parcels along the Corridor. For example, the redevelopment of the Deenies Hideaway parcel is prioritized in this application by proposing to acqui...
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