Title
A Resolution Of The Hollywood, Florida, Community Redevelopment Agency, Approving And Authorizing The Execution Of An Amendment To The Property Improvement Program Grant Agreement With Burger Beach, LLC For The Property Located At 1100 N. Ocean Drive, Correcting The Original Project Completion Date And Providing A Six-Month (6) Extension.
Strategic Plan Focus
Economic Vitality
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
On April 3, 2024, the CRA Board adopted Resolution No. R-CRA-2024-19 approving a Property Improvement Program (“PIP”) grant for Burger Beach, LLC for the property located at 1100 N. Ocean Drive in an amount not to exceed $250,000.00. The PIP Funding Agreement between the Hollywood CRA and Burger Beach, LLC was executed on January 9, 2025.
During coordination with the applicant, staff identified a typographical error in the executed agreement listing the project completion date as July 31, 2025. Staff confirmed that the intended original completion date was July 31, 2026. Accordingly, approval of an amendment is required to correct the completion date in the agreement.
Additionally, the applicant submitted a request for a six (6) month extension due to permitting and design review delays. Staff has reviewed the request and recommends approval of a six (6) month extension from the corrected completion date of July 31, 2026, establishing a new completion date of February 1, 2027.
Based upon the foregoing, staff and the CRA Executive Director recommend approval of the amendment to correct the project completion date and approval of the six (6) month extension.
Fiscal Impact:
Funding for this PIP agreement is available in the FY 2026 Beach CRA operating budget in account number 163.638504.55200.548640.000000.000.000.
Recommended for inclusion on the agenda by:
George R. Keller, Jr., CPPT, CRA Executive Director