ENVIRONMENTAL PROTECTION AND GROWTH MANAGEMENT DEPARTMENT AND HOUSING FINANCE AND COMMUNITY REDEVELOPMENT DIVISION RECOMMEND APPROVAL OF THIS MOTION.
This item supports the Board’s Value of offering sustainable, compatible, innovative housing options for all income-levels, including integrated supportive housing and rapid-rehousing: Goal 1: Facilitate a regional approach to growth and redevelopment through coordination and collaboration at the federal, state and local levels; Goal 2: Strengthen stakeholder partnerships to increase the availability of affordable housing of all types (e.g. rental, purchase, supportive, etc.), countywide, in every community; and Goal 3: Develop, through effective community collaboration, neighborhoods and communities incorporating intermodal connectivity, while integrating energy efficiency community resilience, and other livability standards and initiatives.
On June 2, 2015, the Board of County Commissioners (Board) approved a motion to authorize the County Administrator to execute satisfactions of loans and promissory notes, on behalf of the County, for any outstanding loans associated with projects funded under the Redevelopment Capital Program (RCP) as needed. This was done because, at the time, there was no clear authorization within the RCP Agreements or the Broward County Administrative Code for such actions to be taken by the County Administrator; thus, an authorization for each satisfaction would be required to come before the Board.
However, the June 2, 2015 Agenda Report also noted that, for clarity and ease of implementation regarding all “future” RCP Satisfaction of Loan and Promissory Note executions, staff and the County Attorney would be making recommendations for changes to the Broward County Administrative Code. Such changes would be to effectuate the County Administrator’s ability to execute the subject Satisfactions of RCP Loans and Promissory Notes. The action proposed here brings forth these Administrative Code change recommendations, with the January 24, 2017 Board directed requirement that the County Administrator report quarterly to the Board of County Commissioners on the satisfactions of loans and promissory notes executed and recorded during the prior calendar year quarter.
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