Title
RESOLUTION NO. 21R-03-54: A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LAUDERHILL APPROVING THE MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN THE CITY OF LAUDERHILL AND CUIDAD DE NUESTROS ANGELES I, LLC STATING THE TERMS AND CONDITIONS THAT MUST BE MET FOR THE CONVERSION AND OPERATION OF THE HOTEL USE TO A MULTI-FAMILY USE FOR THE HOTEL LOCATED AT 3501 INVERRARY BOULEVARD; PROVIDING FOR TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, DESORAE GILES-SMITH).
Body
Request Action:
Approve a Memorandum of Understanding regarding the development plan for the operation of the conversion from the hotel to multi-family use located at 3501 Inverrary Boulevard.
Need:
To approve a MOU regarding the conversion and operation plan for the Inverrary Hotel from hotel use to multi-family use.
Summary Explanation/ Background:
The Inverrary has been closed. The applicant, Cuidad De Nuestros Angeles I, LLC., has requested to convert from a hotel use to a multi-family use. The applicant feels the multi-family use will be more economically stable. This Memorandum of Understanding states the terms and conditionts that must be met for the conversion and operation of the hotel to multi-family use.
Attachments:
MOU
various Sketch exhibits
Cost Summary/ Fiscal Impact:
Include projected cost, approved budget amount and account number, source of funds, and any future funding requirements
Estimated Time for Presentation:
Master Plan:
Goal 1: Clean, Green Sustainable Environment
[ ] Increase mass transit ridership [ ] Reduce City energy consumption
[ ] Reduce water consumption
Goal 2: Safe and Secure City of Lauderhill
[ ] Crime in lower 50% in Broward [ ] Residents feel safe in neighborhood
[ ] Reduce emergency fatalities
Goal 3: Open Spaces and Active Lifestyle for all ages
[ ] Increase participation in youth sports [ ] Add new park land and amenities
[ ] Increase attendance at cultural programs and classes
Goal 4: Growing Local Economy, Employment and Quality of Commercial Areas
[ ] Increase commercial tax base [ ] Increase employment in Lauderhill businesses
[ ] Decrease noxious and blighted uses in commercial areas
Goal 5: Quality Housing at all Price Ranges and Attractive Communities
[ ] Neighborhood signs and active HOAs [ ] Housing & streets improved, litter reduced
[ ] Increase proportion of single family homes and owner occupied housing
Goal 6: Efficient and Effective City Government, Customer Focused & Values Diversity
[ ] Improves City efficiency [ ] Increase use of Information Technology
[ ] Increases residents perception of Lauderhill as an excellent place to live