File #: 24R-5921    Version: 1 Name: CRA-Arthouse 441 Development and Funding Agreement
Type: Ordinance Status: Second Reading
File created: 10/8/2024 In control: Community Redevelopment Agency Meeting (CRA)
On agenda: 11/25/2024 Final action:
Title: ORDINANCE NO. CRA-24O-10-111: AN ORDINANCE OF THE CITY OF LAUDERHILL COMMUNITY REDEVELOPMENT AGENCY APPROVING THE DEVELOPMENT AND FUNDING AGREEMENT AMONG THE CITY OF LAUDERHILL, THE LAUDERHILL COMMUNITY REDEVELOPMENT AGENCY, AND GJ LAUDERHILL, LLC; PROVIDING FOR DEVELOPMENT INCENTIVES IN THE FORM OF TAX REIMBURSEMENTS FOR THE PROPOSED DEVELOPMENT OF A MIXED-USE COMMERCIAL MULTI-FAMILY HOUSING PROJECT COMPRISED OF 245 HOUSING UNITS AND 7,000 SQUARE FEET OF RETAIL CONSISTING OF THREE (3) MID-RISE APARTMENT BUILDINGS, AT APPROXIMATELY 52 + UNITS PER ACRE ON A 4.65 + ACRE SITE IN THE GENERAL COMMERCIAL ZONING DISTRICT AND WITHIN THE TRANSIT ORIENTED CORRIDOR, LEGALLY DESCRIBED AS A PORTION OF TRACT “A” LAUDERHILL SHOPPES NO. THREE, ACCORDING THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 82, PAGE 3 OF THE PUBLIC RECORDS OF BROWARD COUNTY, FLORIDA, INCLUDING FOLIO NUMBERS 494125320030 AND 494125320010, AS MORE PARTICULARLY DESCRIBED HEREIN; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. CRA-ORD-24O-10-111-Arthouse 441 Development Agreement.pdf, 2. AR CRA-24O-10-111, 3. Arthouse 441-FINAL 10-30-24.pdf, 4. Exhibit A - Arthouse Legal Description-Unity of Title, 5. Exhibit B - RES 22R-06-129 SEU 441 Arthouse Matthew Jacocks, 6. Exhibit C - RES 23R-08-214 Arthouse Site Plan, 7. Exhibit D - Formulary.pdf, 8. Exhibit E -P roject Schedule.pdf
Title
ORDINANCE NO. CRA-24O-10-111: AN ORDINANCE OF THE CITY OF LAUDERHILL COMMUNITY REDEVELOPMENT AGENCY APPROVING THE DEVELOPMENT AND FUNDING AGREEMENT AMONG THE CITY OF LAUDERHILL, THE LAUDERHILL COMMUNITY REDEVELOPMENT AGENCY, AND GJ LAUDERHILL, LLC; PROVIDING FOR DEVELOPMENT INCENTIVES IN THE FORM OF TAX REIMBURSEMENTS FOR THE PROPOSED DEVELOPMENT OF A MIXED-USE COMMERCIAL MULTI-FAMILY HOUSING PROJECT COMPRISED OF 245 HOUSING UNITS AND 7,000 SQUARE FEET OF RETAIL CONSISTING OF THREE (3) MID-RISE APARTMENT BUILDINGS, AT APPROXIMATELY 52 + UNITS PER ACRE ON A 4.65 + ACRE SITE IN THE GENERAL COMMERCIAL ZONING DISTRICT AND WITHIN THE TRANSIT ORIENTED CORRIDOR, LEGALLY DESCRIBED AS A PORTION OF TRACT “A” LAUDERHILL SHOPPES NO. THREE, ACCORDING THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 82, PAGE 3 OF THE PUBLIC RECORDS OF BROWARD COUNTY, FLORIDA, INCLUDING FOLIO NUMBERS 494125320030 AND 494125320010, AS MORE PARTICULARLY DESCRIBED HEREIN; PROVIDING FOR AN EFFECTIVE DATE.


Body
Request Action:
Approve the Development and Funding Agreement among the City of Lauderhill, the Lauderhill CRA, and GJ Lauderhill, LLC. regarding development incentives in the form of tax reimbursements for the proposed development of a mixed-use commercial multi-family housing project comprised of 245 housing units and 7,000 square feet of retail consisting of three (3) mid-rise apartment buildings at approximately 52 +/- units per acre on a 4.65 +/- acre site in the General Commercial Zoning District and within the Transit Oriented Corridor legally described as a Portion of Tract "A" Lauderhill Shoppes No. Three addording the Plat thereof, as recorded in Plat Book 82, Page 3 of the Public Records of Broward County, Florida, including Folio Numbers 494125320030 and 494125320010 as more particularly described herein.


Need Summary Explanation/ Background:
GJ Lauderhill, LLC has proposed to build a development known as "Arthouse 441" which is a mixed-use commercial multi-family ho...

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