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 Properties Located Within The Regional Activity Center, Pursuant To Section 376.80(2)(A), Florida Statutes, For The Purpose Of Rehabilitation And Promoting Economic Development; Authorizing The City Manager Or Designee To Notify The Florida Department Of Environmental Protection Of The Designation.
Strategic Plan Focus
Economic Vitality
Body
Staff Recommends: Approval of the attached Resolution.
Explanation:
The Regional Activity Center ("RAC") Land Use area of the City is approximately 1,480 acres of land. This area is located within proximity to major regional highways, railways, Fort Lauderdale-Hollywood International Airport, a Tri-rail station, residential uses, and includes Downtown Hollywood. The City anticipates that the continued redevelopment of Downtown Hollywood and several other redevelopment projects under construction, or planned along U.S. 1, will be a catalyst for furthering the redevelopment of this area in the future consistent with the development pattern already in-place for this area.
- Brownfield Area Designation
Designating the RAC as a brownfield area, to be called the "Hollywood Regional Activity Center Redevelopment Area", pursuant to Section 376.80(2)(a), Florida Statutes, of Florida's Brownfield Redevelopment Act is for the purpose of environmental rehabilitation, job creation and promoting economic redevelopment. See Attachment "A" for the boundaries.
The intent of the RAC is to encourage redevelopment and create a vibrant, high-intensity, high-density multi-use area. Accordingly, the designation of the RAC as a Brownfield Area provides property owners with regulatory and financial incentives to aid with redevelopment.
Florida's Brownfield Redevelopment Act provides the public and private sectors with an array of regulatory and financial benefits to facilit...
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