TO: CRA Board of Commissioners
THROUGH: Renée A. Jadusingh, Executive Director
DATE: November 18, 2024
Title
FIRST AMENDMENT TO INTERLOCAL AGREEMENT BETWEEN THE CITY OF DELRAY BEACH AND DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY FOR FUNDING CONSTRUCTION/PROFESSIONAL SERVICES - FISCAL YEAR 2023-2024
Body
Recommended Action:
Recommendation
Approve the First 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 2023-2024, in substantially the attached form.
Body
Background:
On December 12, 2023, the City and the CRA entered into an Interlocal Agreement for the Funding of Construction/Professional Services for Fiscal Year 2023-2024. The City and the CRA desire to enter into this First Amendment in order to amend Exhibit “A” to the Original Agreement to provide further adjustments based on actual project costs. Attached is the First Amendment to the Interlocal Agreement reflecting the same.
Attachment(s): Exhibit A - First Amendment to Interlocal Agreement between the City & CRA for Construction/Professional Services FY 2023-24
CRA Attorney Review:
The CRA Attorney has reviewed the First Amendment to the Interlocal Agreement for funding of Construction/Professional Services for Fiscal Year 2023-2024 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 2023-2024 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