Broward County Commission Regular Meeting

MOTION TO APPROVE Interlocal Agreement among Broward County, the City of Hollywood ("City"), and the Hollywood Community Redevelopment Agency ("CRA") and to authorize the Mayor and Clerk to execute same, on the condition that the City and the CRA execute the Interlocal Agreement with no substantive changes within 30 days after approval of this item; and to authorize the County Administrator to approve any nonsubstantive changes to the Interlocal Agreement requested by the City or the CRA, subject to review by the County Attorney as to the legal sufficiency of any proposed changes.

ACTION:  (T-2:28 PM)  Approved, as amended, with Yellow-Sheeted Additional Material, dated September 25, 2018, submitted at the request of Commissioner Geller relative to Affordable Housing, Exhibit 1, (No. 1) to include the language of “subject to restrictive covenants comparable to the existing County Code." )  (Refer to minutes for full discussion)

VOTE:  7-0. Commissioners LaMarca and Sharief were out of the room during the vote.  
 
ACTION:  (T-3:21 PM)  Approved, as amended, adding additional language in Affordable Housing, Exhibit 1, (No. 4.) “Limited to 15 percent of monies received under this program.“  (Refer to minutes for full discussion.)

VOTE: 8-1. Commissioner Sharief voted no.
 
ACTION:  (T-3:52 PM)  Approved, as amended, in Affordable Housing, Exhibit 1, (No. 6) with the insertion of “other Affordable Housing Programs approved in writing by the County Administrator.”  (Refer to minutes for full discussion.)

VOTE: 5-4.  Commissioners Bogen, LaMarca, Sharief and Udine voted no.
 
ACTION:  (T-4:21 PM) Approved with the Yellow-Sheeted Additional Material, dated September 25, 2018, submitted at the request of Mayor Furr.  (Refer to minutes for full discussion.)

VOTE: 9-0.
 
ACTION:  (T-4:23 PM) Approved as amended.  (Refer to minutes for full discussion.)

VOTE:   7-2. Commissioners Holness and Sharief voted no.

(See Yellow-Sheeted Additional Material submitted at the request of Commissioner Rich and the City of Hollywood.)

 

Board action is required to approve the Interlocal Agreement.

Conditionally approves the Interlocal Agreement attached as Exhibit 1 and authorizes the County Administrator to approve nonsubstantive changes.

The City of Hollywood ("City") created the Hollywood Community Redevelopment Agency ("CRA") in 1979, following delegation of certain authorities by the County. At inception, the CRA consisted solely of the downtown area of the City and nearby residential areas (the "Downtown District"). In 1997, the City modified the CRA to include a second district (the "Beach District"). The Downtown District consists of approximately 580 acres, and the Beach District consists of approximately 293 acres.

The CRA receives funding from four taxing authorities: the County, the City, the South Broward Hospital District, and the Children's Services Council of Broward County. On April 19, 2017, the Beach District refunded 17% of the annual TIF amount to the applicable taxing authorities; the amount refunded to the County was approximately $1.4 million. On approximately April 15, 2018, the Beach District refunded 17% of the TIF payment for the following year; the amount refunded to the County was approximately $2.3 million. These sums are currently being held by the County.

The City and the CRA have requested the County enter into an Interlocal Agreement in which the Beach District would continue to refund 17% or more of the annual TIF funds, and the County would pay the City those refunded amounts (up to 25% of the annual TIF amount) to be utilized by the City solely for specific types of affordable housing programs in low to moderate income areas ("Permissible Affordable Housing Expenditures"). The County's payments would include the refunded amounts referenced above (totaling about $3.7 million), which would also be required to be used for Permissible Affordable Housing Expenditures. The Children's Services Council would not be required to repay any refunded amounts. The Hospital District would not participate in the Beach District refunds or repayments, as the Hospital District TIF is subject to a separate agreement with the CRA.

The Interlocal Agreement contains the following additional terms:

1. The Beach District will terminate as currently scheduled, with the County's last TIF payment due December 31, 2026;

2. In any given year, the Beach District may designate a refund percentage greater than 17% of the annual TIF, but any monies in excess of 25% of the annual TIF amount will be retained by the County; the other applicable taxing authorities would retain the entire refund for general revenue purposes;

3. For a ten year period after the end of the Beach District, the County will provide funding to the City in the annual amount of $1.75 million for use solely on Permissible Affordable Housing Expenditures;

4. The County will authorize an extension of the Downtown District for a period of up to 16 additional years, with the condition that no taxing authority (other than the City) will have any TIF obligation to the Downtown District after December 31, 2024; and

5. Commencing December 31, 2025, the County will provide funding for a five year period to the CRA in the annual amount of $3 million (cumulative payment of $15 million) for use solely on CRA expenditures as permitted under applicable law.

This agenda item authorizes the County Administrator to review and approve any nonsubstantive changes, subject to review by the County Attorney as to legal sufficiency. If the City and the CRA do not execute the Interlocal Agreement with no substantive changes within 30 days after Board approval of this item, the Board's approval hereof will be automatically rescinded.