Title
RESOLUTION NO. 19R-11-256: A RESOLUTION APPROVING THE AMENDED AND RESTATED MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF LAUDERHILL AND LAUDERHILL MARKETPLACE, LLC REGARDING THE DEVELOPMENT OF THE PROPERTY LOCATED AT THE NORTHEAST CORNER OF STATE ROAD 7 AND SUNRISE BOULEVARD; PROVIDING FOR TERMS AND CONDITIONS; PROVIDING FOR AN EFFECTIVE DATE (REQUESTED BY CITY MANAGER, CHARLES FARANDA).
Body
Request Action:
Pass a Resolution to approve an Amended and Restated Memorandum of Understanding with Lauderhill Marketplace, LLC regarding the development of the site located at the Northeast corner of State Road 7 and Sunrise Boulevard.
Need:
To update the agreement regarding the terms of the development as the intent of both parties has changed.
Summary Explanation/ Background:
The City of Lauderhill and Lauderhill Marketplace, LLC previously entered into a Memorandum of Understanding regarding the development of the property located at the Northeast corner of State Road 7 and Sunrise Blvd. Since then surveys were done to calculate the actual acreage of each parcel and the intent as to each parcel has changed. The City of Lauderhill has already purchased one parcel (referred to as Parcel 1), and intends to purchase another portion of the site (referred to as Parcel 4). The Lauderhill Marketplace, LLC intends to develop the Parcel 3 as a gas station and convenience store, and intends to donate Parcel 2 to the City at no cost. This new Amended and Restated Agreement memorializes these changes.
Attachments:
Amended and Restated Memorandum of Understanding.
Cost Summary/ Fiscal Impact:
None.
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