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File #: R-2020-229    Version: 1 Name: University Station
Type: Resolution Status: Passed
File created: 9/2/2020 In control: Office of Communications, Marketing & Economic Development
On agenda: 9/16/2020 Final action: 9/16/2020
Title: A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute An Interim Agreement With Housing Trust Group, LLC For The Development Of A Mixed-Use, Mixed-Income Project To Be Located On The City-Owned Parcels Of Land Between Fillmore And Polk Streets Along North 21st Avenue; To Execute Lease Agreements With University Station I, LLC And University Station II, LTD, Affiliates Of Housing Trust Group, LLC; Provide Local Government Area Of Opportunity Funding In The Form Of A Cash Loan In An Amount Not To Exceed $640,000.00.
Attachments: 1. Resolution-University Station P3 Agreement.pdf, 2. University Station - HTG - Interim Agreement - FINAL.pdf, 3. GROUND LEASE - University Station Phase I - FINAL.pdf, 4. GROUND LEASE - University Station Phase II - FINAL-2.pdf, 5. University Station - Phase I - FHFC Local Government Contribution Form.pdf, 6. teruniversitystationinterimagrmnt, 7. teruniversitystationgroundleasephase1, 8. teruniversitystationgroundleasephaseII
Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Authorizing The Appropriate City Officials To Execute An Interim Agreement With Housing Trust Group, LLC For The Development Of A Mixed-Use, Mixed-Income Project To Be Located On The City-Owned Parcels Of Land Between Fillmore And Polk Streets Along North 21st Avenue; To Execute Lease Agreements With University Station I, LLC And University Station II, LTD, Affiliates Of Housing Trust Group, LLC; Provide Local Government Area Of Opportunity Funding In The Form Of A Cash Loan In An Amount Not To Exceed $640,000.00.


Strategic Plan Focus
Economic Vitality


Body

Staff Recommends: Approval of the Attached Resolution.


Explanation:
The redevelopment of the City-owned parcels located along N 21st Avenue between Polk and Fillmore Streets has long been a part of downtown redevelopment discussions and plans. The parcels located along N 21st Avenue between Polk and Fillmore Streets include a former fire station (repurposed and leased to Barry University in 2011), surface parking lots, and a Shuffleboard Center.

The municipal election in January of 2008 included a land referendum, approved by voters, authorizing the disposition of the portion of the site that includes the former fire station and parking lot. In 2016, as the dual tracking of the rail corridor was underway to provide for the return of passenger rail to the Florida East Coast Rail corridor, the City issued a Request for Proposals (RFP) seeking qualified firms to redevelop the approximately 2.5 acres of land. This was prior to the completion of the dual tracking project and before Brightline began operating high speed passenger rail service on the FEC railway. This request did not result in any proposals.

In 2017, the City was selected by the South Florida Regional Transportation Authority (SFRTA) for the development of a Station Area Master Plan funded by a Federal Transit Administration (FTA) grant to examine this area as...

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