Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Making Findings And Designating As A Brownfield Area Within The City Of Hollywood, Real Property Located At 2118 Adams Street, Hollywood, Fl 33020, And Identified By Folio No. 514216210070, Pursuant To Section 376.80(2)(C), Florida Statutes, For The Purpose Of Rehabilitation, Job Creation And Promoting Economic Redevelopment; Authorizing The City Of Hollywood To Notify The Florida Department Of Environmental Protection Of Said Designation; Providing An Effective Date.
Body
Staff Recommends: Approval of the Attached Resolution.
Explanation:
Pinnacle at Peacefield ("Pinnacle") controls the property located at 2118 Adams Street, Hollywood, Fl 33020, and identified by Folio No 514216210070, (the "Property").
Pinnacle, is requesting that the City Commission of the City designate the Property as a "Brownfield Area" pursuant to Section 376.80(2)(c), Florida Statutes and pursuant to Section 376.80(2)(c), Florida Statutes, a Public Hearing for the Property is required.
The State of Florida has provided in the Brownfield Redevelopment Act (the "Act") cited as Sections 376.77 - 376.86, Florida Statutes, for the designation, by resolution of a municipal governing body, of one or more parcels as a "Brownfield Area," and for the corresponding provision of environmental remediation, rehabilitation and economic development.
The criteria set forth in Section 376.80(2)(c), Florida Statutes, and the Property qualifies for designation as a "Brownfield Area" because the following requirements have been satisfied:
1. Pinnacle controls the Property which is proposed for designation and has agreed to rehabilitate and redevelop it;
2. The rehabilitation and redevelopment of the Property will result in economic productivity in the area and will also provide affordable housing as defined in Section 420.0004, Florida Statutes;
3. The redevelopment of the Property is consistent with the City's Comprehensi...
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