Title
A Resolution Of The Hollywood, Florida, Community Redevelopment Agency ("CRA"), Approving And Authorizing The Appropriate CRA Officials To Execute The Attached Purchase And Sale Agreement For The Conveyance Of The Property Located At 2031 Harrison Street ("Property"), To The Highest Ranked Proposer, A Joint Venture Between Inwood Properties, LLC And Buro Group, LLC For $1,150,000.00.
Body
Staff Recommends: Approval Of The Attached Resolution
Explanation:
The Hollywood, Florida Community Redevelopment Agency (CRA) purchased 2031 Harrison Street in 2003 and sold the property to the Holocaust Documentation & Education Center (HDEC) in 2004. In 2015, the CRA acquired the property back from HDEC. The property was leased to HDEC for a period of six months. In 2016, CRA staff was directed to advertise the property for sale or lease.
The legal notice appeared in the Sun Sentinel and was advertised on CoStar.com, the CRA's website, the CRA's Facebook page, the CRA's Twitter feed and the City of Hollywood Sunshine Board.
July 6, 2016, the three proposals that were submitted were opened and all three were deemed qualified to review. On July 22, 2016, an Evaluation Committee consisting of Jorge Camejo, CRA Executive Director; Susan Goldberg, CRA Deputy Director; Shiv Newaldass, Chief Development Officer, City of Hollywood; Yvette Scott-Phillip, Budget Manager, CRA; Brian Rademacher, Corridor Redevelopment Manager, City of Hollywood; and Jeff Sheffel, City Attorney/CRA General Counsel, reviewed and ranked the proposals based on purchase price, concept, ability to execute the concept, and experience.
Evaluation Committee ranked the proposals as follows:
Joint Venture between Inwood Properties, LLC 555 points
and Buro Group, LLC ("Buyer")
Launch Me Labs, LLC 423 points
James Alexander Bond/Hollywood Arts Theatre 350 points
The highest ranked proposal was submitted by the joint venture between Inwood Properties, LLC and Buro Group, LLC. The proposal out...
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