TO: CRA Board of Commissioners
THROUGH: Renée A. Jadusingh, Executive Director
DATE: November 16, 2023
Title
SECOND AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN THE CITY OF DELRAY BEACH AND DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY FOR FUNDING CONSTRUCTION/PROFESSIONAL SERVICES - FY 2022-2023
Body
Recommended Action:
Recommendation
Approve the Second Amendment to the Interlocal Agreement (“ILA”) between the City of Delray Beach (“City”) and Delray Beach Community Redevelopment Agency (“CRA”) for funding for Construction/Professional Services within the CRA District for Fiscal Year 2022-2023, in substantially the attached form.
Body
Background:
On December 13, 2022, the City and the CRA entered into an Interlocal Agreement for the Funding of Construction/Professional Services for Fiscal Year 2022-2023. On August 15, 2023, the City and the CRA entered into a First Amendment to the Original Agreement to provide increased funding from the CRA due to increased project costs for the Osceola Park Neighborhood Improvements. The City and the CRA desire to enter into this Second Amendment in order to amend Exhibit “A” to the Original Agreement to provide further adjustments based on actual project costs.
Attached is the Second Amendment to the Interlocal Agreement reflecting the adjustments to project costs.
Attachment(s): Exhibit A - Second Amendment to Interlocal Agreement between the City & CRA for Construction/Professional Services FY 2022-23
CRA Attorney Review:
The CRA Attorney has reviewed the Second Amendment to the Interlocal Agreement for funding of Construction/Professional Services for Fiscal Year 2022-2023 to form and determined it to be acceptable.
Funding Source/Financial Impact:
Funding has been allocated in General Ledger #’s identified above in the FY 2022-2023 CRA Budget.
Overall need within the Community Redevelopment Area from Delray Beach CRA Redevelopment Plan:
Removal of Slum And Blight
Land Use
Economic Development
Affordable Housing
Downtown Housing
Infrastructure
Recreation and Cultural Facilities