Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Appropriate City Officials To Execute The Amended And Restated Comprehensive Agreement And Amended And Restated Ground Lease Agreement For The Development Of Public And Private Facilities At 1301 S. Ocean Drive Between The City Of Hollywood And PRH 1301 S. Ocean Drive, LLC; Authorizing The City Manager And City Attorney To Take All Actions Necessary And Proper To Effectuate This Resolution; Providing For Conflicts; Providing For Severability; And Providing An Effective Date.
Strategic Plan Focus
Quality of Life & Strong Neighborhoods
Body
Staff Recommends: Approval of the Attached Resolution
Explanation:
The City of Hollywood is the owner of the real property located at 1301 S. Ocean Drive. The property was conveyed to the City pursuant to a 1974 settlement agreement for public and municipal purposes.
On January 21, 2020, PRH 1301 S. Ocean Drive, LLC, an affiliate of the Related Group, submitted an unsolicited proposal pursuant to Florida Statute, Section 255.065, for the redevelopment of the property. The City subsequently solicited and evaluated competing proposals. On February 18, 2021, the City’s selection committee determined that PRH 1301 S. Ocean Drive, LLC’s proposal best met the objectives of the solicitation, and the City Commission unanimously approved the recommendation on March 17, 2021.
Pursuant to R-2022-037, the City and PRH 1301 S. Ocean Drive, LLC entered into a Comprehensive Development Agreement and Ground Lease Agreement on May 5, 2022. The Comprehensive Development Agreement is not a “development agreement” as defined in Florida Statute Section 163.3220 and was entered into pursuant to the City’s home rule and proprietary authority under Article VIII, Section 2 of the Florida Constitution and Florida Statute Chapter 166, and as applicable, Florida Statute Section 255.065.
On April 23, 2025, the City acknowledged an extensio...
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