HomeMy WebLinkAboutCity of Tamarac Resolution R-2021-069 Temp. Reso. #13620
June 8, 2021
Page 1 of 4
•
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2021 - �
r
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA, TO ADOPT A
DEVELOPER INCENTIVES ECONOMIC
DEVELOPMENT PROGRAM CONSISTING OF A
COMMERCIAL REAL ESTATE DEVELOPMENT
ACCELERATOR (REDA) GRANT AND A
COMMERCIAL PLAZA OWNER FACADE AND
EXTERIOR IMPROVEMENTS GRANT AS
RECOMMENDED IN THE ECONOMIC
DEVELOPMENT STRATEGIC PLAN IN ORDER
TO FACILITATE COMMERCIAL CORRIDOR
REVITALIZATION IN AN ALLOCATION NOT TO
EXCEED $3,500,000 AND WITH FUTURE GRANT
PROJECTS TO BE APPROVED BY THE CITY
COMMISSION; PROVIDING FOR CONFLICTS;
• PROVIDING FOR SEVERABILITY; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Tamarac wishes to adopt a Developer Incentives Program
for commercial corridor revitalization as recommended in the Tamarac Economic
Development Strategic Plan (2018-2022); and
WHEREAS, the City's economic development goals for commercial corridor
revitalization are outlined in the Tamarac Comprehensive Plan Economic
Development Element (Adopted by City Commission, 2018); the Commercial
Arterial Redevelopment Study (Adopted by City Commission, 2014); the Tamarac
Strategic Plan 2040 (Adopted by City Commission, 2020), and the Federal
Opportunity Zone designation targeted for revitalization (2017); and
•
{00356763.1 2704-0501640}
Temp. Reso. #13620
June 8, 2021
Page 2 of 4
WHEREAS, in keeping with the economic development goals and
objectives set forth for commercial revitalization in plans previously adopted by the
City Commission, City staff recommends the establishment of two incentive grant
programs to facilitate commercial revitalization: 1) the Commercial Real Estate
Development Accelerator (REDA) Grant Incentive Program to invest in catalytic
large-scale and transformative mixed-use public realm improvement projects with
a maximum grant award of $500,000.00, and 2) the Commercial Plaza Owner
Façade and Exterior Improvements Grant Incentive Program to invest in
comprehensive exterior plaza renovation projects with a maximum grant award of
$250,000.00 (up to 80% total project cost); and both grant programs will be
competitive (limited funds available) and discretionary based on overall
•
transformative impact with the City's economic development goals, to be offered
for a limited two-year application period to expire on December 31, 2023 or when
program funds are expended; and
WHEREAS, a City staff Grant Review Panel will review project applications
based on adopted incentive program guidelines and will determine projects to be
recommended to the City Commission for consideration and final grant approval
after which a Grant Agreement would be executed;
WHEREAS, the City will prioritize projects located in "Tamarac Incentive
Zones" which consist of existing Commercial Corridor Redevelopment Areas, the
Economic Development Strategic Plan Retail Focus Areas, and the commercial
properties located in the City's existing federally designated Opportunity Zones; •
{00356763.1 2704-0501640}
Temp. Reso. #13620
June 8, 2021
Page 3 of 4
WHEREAS, the City Commission of the City of Tamarac, deems it to be in
the best interests of the citizens and residents of the City of Tamarac to authorize
the adoption of the Developer Incentives Program (consisting of the REDA Grant
and the Plaza Owner Façade and Exterior Improvements Grant) for a two-year
period or until funds are expended with an allocation of$3,500,000.00 earmarked
for these grant programs from General Fund reserves previously set aside for
Economic Development purposes for the implementation of the Economic
Development Strategic Plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA THAT:
• SECTION 1: The foregoing "WHEREAS" clauses are hereby ratified and
confirmed as being true and correct and are hereby made a specific part of this
Resolution. All exhibits attached hereto are incorporated herein and made a
specific part of this Resolution.
"Remainder of this page is left blank intentionally"
{00356763.1 2704-0501640}
Temp. Reso. #13620
June 8, 2021
Page 4 of 4
SECTION 2: This Resolution shall become effective immediately upon •
adoption.
PASSED AND ADOPTED BY THE CITY COMMISSION OF THE CITY OF
TAMARAC, FLORIDA, THIS DAY OF u.. , 2021.
CITY OF TAMARAC FLORIDA
MI ELL J. GO , MAYOR
ATTEST:
JE NIFE O O •
CITY CLERK
RECORD OF COMMISSION VOTE:
MAYOR GOMEZ - �
DIST 1: COMM. BOLTON
DIST 2: COMM. GELIN
DIST 3: V/M VILLALOBOS
DIST 4: COMM. PLACKO
I HEREBY CERTIFY THAT I HAVE
APPROVED THIS RESOLUTION
AS TO O'M.
AIIMW11111111-
JOH '"" JR.
CI •RN''
•
{00356763 1 2704-0501640)
TAMARAC DRAFT
The City For Your Life
Commercial Plaza Owner
Facade and Exterior
Improvements Grant
Incentive Program
FOR MAJOR EXTERIOR RENOVATIONS TO UPDATE EXISTING
RETAIL PLAZAS AND COMMERCIAL CORRIDOR PROPERTIES
• CITY OF TAMARAC,ECONOMIC DEVELOPMENT OFFICE,7525 NW 88 AVE,TAMARAC,FL 33321,954-597-3530
TAMARAC
The City For Your Life •
Tamarac Developer Incentives Program
Façade & Exterior Improvements Grant Guidelines
Program Purpose
The City of Tamarac Commercial Plaza Owner Facade and Exterior Improvements Grant Program is available to retail
plaza owners located in the City of Tamarac for major exterior renovations for approved aesthetic improvements to
a commercial/retail plaza. Improvements include code compliant façade renovation, painting of the building,
installation of awnings, lighting, landscaping and signage.
The overall goal of this program is to incentivize plaza property owners to undertake significant, transformative and
comprehensive exterior plaza renovations to improve the overall appearance and modernization of retail plaza
properties. Only comprehensive renovation projects will be considered. This is a competitive (funds are limited) and
discretionary grant program whereby the City will utilize grant funds for the most impactful,transformative projects.
General Provisions
This incentive is a reimbursement grant program to update and modernize aging commercial plazas and properties.
All commercial plaza properties will be eligible, however, priority will be offered to projects located in the City's
"Incentive Zones" designated commercial redevelopment areas according to the Tamarac Comprehensive Plan
Economic Development Element (2018-2022)1 and as illustrated as illustrated on the Tamarac Incentive Zone Map -
Commercial Priority Areas for Redevelopment Map (Figure 1).
The Facade and Exterior Improvements Grant Program benefits are contingent upon funding availability and City of•
Tamarac approval and are not to be construed as an entitlement or right of a property owner or applicant. Properties
are not eligible for grant funding when such funding conflicts with the goals expressed in the City of Tamarac
Comprehensive Plan Economic Development Element (2018-2022).
Property to be improved must be free of all municipal and county liens,judgments, or encumbrances of any kind. This
provision can be waived for City code violations if development plans for said property address exterior-related
violations and meets City goals and objectives.
Approved projects will require a Grant Agreement between the City of Tamarac and the developer or property owner
to include the following provisions:
♦ Work on the project must begin within One Hundred Eighty(180) days and be completed within Eighteen
(18) Months, after Grant Agreement execution.
♦ Incentive grant funds cannot be applied to services other than those that are approved.
Due to limited funding,City of Tamarac staff will evaluate the submissions on a first-come,first-served basis and select
those that provide significant renovation and visual improvement to the community, serving as a catalyst for other
businesses and to complement area improvements. This grant application period will expire after 2-years on
December 31, 2023 or when program funds are exhausted.
Two licensed contractor bids/quotes will be required with application submittal. Upon completion of the work,
disbursement of the incentive grant may be made on a reimbursement basis or paid directly to the Service Provider,
in accordance with the Scope of Services attached to application and provided applicant first approves of payment to
Service Provider.
1 https://tamarac.org/DocumentCenter/View/7028/Economic-Development-Comp-Plan-Amemdment •
DRAFT Page 1 of 10
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TAMARAC
The City For Your Life
Eligibility Guidelines &Criteria Considered •
The Facade and Exterior Improvements Grant Program for plaza owners is directed by the Comprehensive Plan
Economic Development Element's vision for commercial corridor vitality and beautification.A clearly defined need
must exist and be proven by each project before funding will be considered,on a case-by-case basis.Overall impact
and exterior visual improvement for the community will be the primary consideration for this discretionary grant.
The Facade and Exterior Improvements Grant Program is structured to prioritize updating commercial properties
within the City's Incentive Zones.Any incentive grant that is approved will be paid after construction of the project
is completed.
Unique restaurants and craft breweries/distilleries/brew pubs within a plaza development project are not required
uses but are encouraged uses as well as food halls, coffee shops and niche entertainment uses.
Funding Guidelines
Approved applicants may receive reimbursement for 80% of their eligible project costs, up to a maximum total
City contribution of$250,000 per single-owned contiguous commercial property or plaza folio. For example:
$313,000 $250,000 $63,000
$150,000 $120,000 $30,000
$ 50,000 $40,000 $10,000
411
The Facade and Exterior Improvements Grant Program will be available for a two-year period (2021-2023) until
December 31, 2023 or until program funds are expended.
The City of Tamarac will notify applicants of approval or denial within 45 days. The staff Grant Review Panel will
recommend projects to the City Commission for final approval. The determination to approve or deny funding is
final.
Eligible Expenses
Only those expenses concerning exterior aesthetic improvements to plaza properties will be considered for funding.
These expenses include, but are not limited to:
• Fees—site design/architectural, engineering, permitting
• Landscaping expenses—design fees, installation, material purchases, irrigation
♦ Exterior repair and upgrades, demolition and construction,stucco, painting, brick, and textured pavement
• Exterior window upgrades, doors, and awnings
• Costs associated with installation and improvement of parking, driveways,sidewalks
e Exterior lighting and related electrical work
• Exterior signage
• Removal of deteriorating building material, e.g. plywood, stucco, metal
• Improvements addressing existing City Code violations for facade/exterior-related eligible work
TAMARAC
The City For Your Life
• Ineligible Expenses
The following items are examples of what will not be considered for funding by the Program:
♦ Any interior improvements or repairs
♦ Purchase of equipment, inventory, furnishings, decorations, or supplies (non-fixed improvements)
♦ Purchase of real property
♦ Rent, lease or mortgage payments
♦ HVAC repair and/or replacement
♦ Security system repair and/or replacement
♦ Roof repair, replacement, or other roof modifications
♦ Work not consistent with design guidelines pursuant to zoning and land use regulations
♦ Sweat equity, business payroll
♦ Owner agent fees or services: should an applicant choose to engage the services of an agent (individual or
company)to assist/represent the applicant in any aspect of the process,the expenses for the agent's
service will be borne by the applicant. Such expenses are not reimbursable under the terms of any of the
City of Tamarac's Developer Incentive Programs
Reimbursement Process
Applicants for funding should carefully consider the reimbursement process when establishing their timelines for
• projects that seek grant assistance. When contemplating a project, it is important to remember that Facade and
Exterior Improvements Grant Program funding, as well as other financing, should be arranged before actual work
commences.
Project work started prior to the application being approved is not eligible for incentive grant funding. If a
property owner intends to finance a project with a loan,the City of Tamarac may write a letter notifying the lender
that a project has been approved for funding under the Facade and Exterior Improvements Grant Program,but that
the funding is on a reimbursement basis upon project completion.
♦ Incentive grant funds are dispersed on a reimbursement basis for eligible and pre-approved expenses
only.
♦ No incentive grant funds will be dispersed prior to inspection and receipt of final approvals by the City's
Building Department,and any other required final approval, if applicable.
♦ Reimbursement will be issued after inspections from appropriate government agencies have been
approved for work completed and work has been completed according to industry standards.
♦ To receive a reimbursement, grantees must submit a detailed work invoice with proof of payment to the
selected contractor in the application package for completed work in the form of a cancelled check, credit
card statement,or vendor certification of payment (vendor's paid receipt) and a General Contractor's
Waiver.
♦ Disbursements of the Grant proceeds may be made on a reimbursement basis or paid directly to the
Service Provider, in accordance with the Scope of Services attached to application and provided applicant
first approves of payment to Service Provider.
•
DRAFT Page 4 of 10
TA RAC
The City For Your Life
• Reimbursement is at the approved grant award rate of 80% with a maximum of$250,000 City of Tamarac •
grant.
• All projects must be completed and final approvals and requests for reimbursement must be received by
the City of Tamarac no more than eighteen (18) months following approval of the application.
• The City of Tamarac will endeavor to disburse reimbursement funds in a timely manner after all required
documentation has been submitted.
Commencement
Work must commence within 180 days after application approval. If work has not begun within six (6) months,
funds will be put back into program account and reassigned to other projects. The City will consider an extension
request if the applicant can successfully demonstrate the project has progressed in good faith. Projects must be
completed within eighteen (18) months after application approval.
The Facade & Exterior Improvement Grant Program benefits are contingent upon funding availability and City of
Tamarac approval and are not to be construed as an entitlement or right of a property owner or applicant.
Additional Tamarac Non-Monetary Incentive
The City of Tamarac is designated as a Building Permit Platinum City and taken extra steps to help ensure
businesses have a first-rate experience when going through the development review/permitting process.Tamarac
has adopted a streamlined permitting process with an online permit tracking system.
The City of Tamarac and Broward County have teamed up to launch ePermitsOneStop,a centralized website that
allows developers to submit their application and have plans reviewed online for permits, licenses and approvals
in a quicker and more streamlined process. Business facade improvement applicants will have a designated staff
representative as a "concierge" to businesses who are going through the permitting process.
DRAFT Page 5 of 10 III
TAMARAC
The City For Your Life
• Application Submittal and Processing Procedures
The following steps summarize the application submittal and processing procedures. Additional information,
resources, and forms for Steps 1—4 are included in the Appendix.
Step 1: Submit the Project Eligibility Review Form to request review call with City of Tamarac to
evaluate readiness to proceed to Step 2.
Step 2: Schedule an exploratory call or video teleconference with the City of Tamarac Economic
Development Office to confirm program funds availability and submission calendar.
Step 3: Upon the City of Tamarac's email notification to proceed, assemble supporting
documentation, initial each item on the application checklist, and sign/date the form.
Step 4 Upload and submit the Application Form and supporting documents to:
www.TamaracEDO.com
Step 5: City of Tamarac conducts project eligibility with Staff Grant Review Panel (includes staff
representatives from Economic Development, Community Development, Finance and
Building Depts) and will recommend projects to the City Commission for consideration and
final approval. The City will provide notification of approval or denial within 45 days of
submission.
I• Step 6: If approved, City of Tamarac will execute a Façade and Exterior Improvements Grant
Agreement with the Applicant. If denied, applicant will receive written notice.
Step 7: Applicant completes construction and requests reimbursement.
Step 8: Grant Recipient completes project Facade& Exterior Improvements Grant Program
Compliance Assessment.
Step 9: City of Tamarac reimburses Applicant according to Facade and Exterior Improvements Grant
Agreement.
•
DRAFT Page o of 10
TAMARAC
The City For Your Life
Appendix •
STEP 1: Submit Project Eligibility Review Form
♦ Submission of this form serves as a formal request for the City of Tamarac Economic Development Office to
contact the Applicant to schedule a project eligibility review call or teleconference prior to proceeding to
formal submittal of the Facade & Exterior Improvements Grant Program Application.
♦ Prior to application submittal, a preliminary review of proposed renovations to property must be completed by
the City staff.
♦ After the approval process,the City of Tamarac will provide the applicant with an approved Grant Agreement
for signature. NO CONSTRUCTION shall begin until the Grant Agreement is signed by all parties. Improvements
initiated prior to approval by the City of Tamarac will not be eligible for reimbursement.
♦ If deemed necessary,the City of Tamarac reserves the right to have the application and its contents (outlined
in Step 3)evaluated and analyzed by an outside third party, including but not limited to: the proposed business
plan; partnership/ownership information with equity positions; mortgage on the property; lease agreements;
letter of intent from lending institutions and any other documents provided by the applicant.
♦ Landscaping improvements must be consistent with the City's Landscape Code.
♦ Property to be improved must be free of all municipal and county liens,judgments, or government
encumbrances of any kind.This provision may be waived by the City of Tamarac if development plans for said
property address exterior code violations and also meets the goals and objectives as set forth in the Tamarac
Comprehensive Plan Economic Development Element(2018-2022). Upon grant approval, said property must
remain free of all municipal and county liens,judgments, or government encumbrances of any kind under the •
term of this agreement.
♦ Upon receipt of this form,the City of Tamarac will contact the Applicant within ten (10) business days to
schedule a project review teleconference.
I have read completely and understand the program, including the application guidelines and grant reimbursement
process.
Applicant Signature Date
Applicant Tel/Cell Applicant Email
Property Owner Signature Date
DRAFT Page 7 of 10 •
TAMARAC
The City For Your Life
4111
STEP 2: Conduct Eligibility Review Call with City of Tamarac (Date)
The applicant and the City of Tamarac Economic Development Office will schedule an exploratory call or video
teleconference to discuss the submission's project background, its potential eligibility, confirm program funds
availability and the submission schedule
DRAFT Page 8 of 10
TAM RAC
The City For Your Life
STEP 3: Assemble Application Supporting Documentation— Facade and Exterior Improvements •
Document Applicant City
Description Initials Reviewer
Checklist
Initials
Narrative description of existing conditions, proposed
1 Project Description/ development/improvement to the property, including a detailed
Scope breakdown of exterior improvements for which reimbursement is being
requested from the Program
Business Plan or Executive Summary, including a narrative describing the
2 Business Plan business, Partnership and/or ownership information with equity
positions,its operations,and its business principles
3 Financial Pro Forma Detailed 3-year budget projections of revenues and expenses(may not be
necessary for property owners)
4 Historical Financials
Historical financials for 3 years(in a sealed envelope—existing businesses
only and may not be required for property owners)
Copy of Warranty Deed showing ownership of the property by the
5 Proof of Ownership business owner
Two bids/quotes from 2 licensed contractors, provided directly from •
6 Contractor Bids vendor to City of Tamarac [Note, an executed contract copy must be
submitted with Grant Agreement execution for approved projects]
7 Existing Conditions Current photograph of existing property conditions
8 Business Licenses Copy of applicable,current Business Licenses;Tenant list
9 Property Taxes Proof that property is free and clear of all municipal and county liens,
judgments, or government encumbrances
Project
10 Improvements Sketch or rendering of proposed improvements
Applicant Signature Date
Property Owner Signature Date
DRAFT Page 9 of 10 •
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TAMARAC
The City For Your Life
• STEP 4: Submit Application Form &Supporting Documentation—Facade and Exterior Improvements
Date of Application:
1. Address of project requesting Facade and Exterior Improvement Grant
Funds:
2. Name of Applicant:
3. Address of Applicant:
Phone: Email: Fax:
4. Does the applicant own project
property? YES: NO:
If"no" box is checked,when will property be in control (own or long-
term lease) of the applicant?
Indicate the owning entity of the property(i.e. name on property title):
5. Project Description?
•
6. Total Project Cost: $ 7.Total Grant Request $
Authorized Representative:
Applicant Signature
Date: Date:
Property to be improved must be free of all municipal and county liens,judgments,or government encumbrances of any kind.This provision
can be waived by the City of Tamarac if development plans for said property address facade/exterior-related City Code violations and meet
the goals and objectives as set forth in the Tamarac Comprehensive Plan Economic Development Element(2018-2022).Upon grant approval,
said property must remain free of all municipal and county liens,judgments, or government encumbrances of any kind under the term of
the agreement.
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TAMARAC DRAFT
The City For Your Life
Commercial Real Estate
Development Accelerator
( REDA) Grant Incentive
Program
TO ATTRACT CATALYTIC NEW DEVELOPMENT PROJECTS FOR
LARGE-SCALE COMMERCIAL DEVELOPMENT INVESTMENT
WWW.TAMARACEDO.COM
11111 CITY OF TAMARAC,ECONOMIC DEVELOPMENT OFFICE,7525 NW 88th Avenue,Tamarac,FL 33321,954-597-3530
TAMARAC
The City For Your Life
Tamarac Developer Incentives Program •
Real Estate Development Accelerator (REDA) Grant Guidelines
Program Purpose
The Real Estate Development Accelerator (REDA) Incentive Grant Program is intended to incentivize catalytic new
commercial development projects in the City of Tamarac within prioritytargeted redevelopment areas.
The goal of the REDA grant program is to attract new catalytic development projects that will bring transformative
change and modernization to commercial corridors in Tamarac.The City is pleased to offer this grant opportunity for
public-private partnership to invest in major projects that will result in transformative change. Further, the City is
committed to expedited approvals for grant recipient projects.
This REDA incentive is a reimbursement grant program, available to expedite commercial investment/development
throughout the City, with priority offered to projects located in the City's "Incentive Zones," as illustrated on the
Tamarac Incentive Zones Map (Figure 1). The Incentive Zones are comprised of designated commercial
Redevelopment Areas, federal Opportunity Zones, and the Comprehensive Plan Economic Development Element
(2018-2022)1 Focus Areas.
Desired REDA projects are transformative large-scale new commercial mixed-use retail and lifestyle centers
including uses such as unique restaurants and retail, niche entertainment,craft breweries/distilleries/brew pubs,food
halls, coffee shops, live/work loft projects, and/or co-working spaces. Projects that include public realm
improvements such as public plazas, public open spaces and placemaking investments are strongly encouraged.
This is a competitive (funds are limited) and discretionary grant program. The City is looking to utilize grant funds for
the most visually impactful,transformative projects. Upon Grant Agreement execution,construction must commence
within 180 Days and projects must be completed within 36 Months. The City will consider extensions if applicant can •
successfully demonstrate good faith effort.
Eligibility Guidelines &Criteria Considered
To advance the implementation of the City's economic development goals, the REDA Grant Program is structured to
prioritize new large-scale development in the City's Incentive Zones.
Properties in the City of Tamarac are not eligible for incentive grant funding support when such funding conflicts with
the goals expressed in the City of Tamarac Comprehensive Plan Economic Development Element (2018-2022).
Funding Guidelines
The REDA Grant application period will be available for two-years (2021-2023) expiring on December 31, 2023. The
funding amount is determined on a case by case basis and based on the project scale and level of economic
development impact to the community,with a maximum award up to $500,000.
The City of Tamarac will notify applicants of approval or denial within 45 days. The staff Grant Review Panel will
recommend projects to the City Commission for final approval. The determination to approve or deny funding is final.
Eligible Expenses
The following expenses will be considered for funding:
• Development Costs
• Demolition, site preparation, and remediation
• Relocation Assistance
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TAMARAC
The City For Your Life
• Ineligible Expenses
The following items are examples of what will not be considered for funding by the Program:
• Any interior improvements or repairs
• Purchases of equipment, inventory,furnishings, decorations, or supplies(non-fixed improvements)
• Purchase of real property
• Rent, lease or mortgage payments
• HVAC repair and/or replacement
• Security system repair and/or replacement
• Roof repair, replacement, or other roof modifications
• Work not consistent with design guidelines pursuant to zoning and land use regulations
• Sweat equity, business payroll
General Provisions
Approved projects will require a Grant Agreement between the City of Tamarac and the applicant.The incentive grant
is contingent on funding availability,staff Grant Review Panel recommendation, and City Commission approval and is
not to be construed as an entitlement or right of a property owner or applicant.
Disbursements of the REDA incentive grant proceeds may be made on a reimbursement basis or paid directly to the
Service Provider upon completion of the work, in accordance with the Scope of Services attached to application and
provided applicant first approves of payment to Service Provider.
Should an applicant choose to engage the services of an agent (individual or company)to assist/represent applicant•
in any aspect of the process, the expenses for the agent's service will be borne by the applicant. Such expenses are
not reimbursable under the terms of any of the City of Tamarac's Developer Incentives REDA Grant Program. City
funds cannot be applied to services other than those that are approved (i.e. architecture,engineering, etc.) related to
the construction of the building.
Additional Tamarac Developer Incentives
The City of Tamarac is designated as a Building Permit Platinum City and taken extra steps to help ensure
businesses have a first-rate experience when going through the development review/permitting process.Tamarac has
adopted a streamlined permitting process with an online permit tracking system. The City of Tamarac and Broward
County have teamed up to launch ePermitsOneStop, a centralized website that allows developers to submit their
application and have plans reviewed online for permits, licenses and approvals in a quicker, more streamlined process.
The City of Tamarac has an updated hybrid Form-Based Land Development Code to incentivize the right
development in the right place, and the City has also collapsed all its Flex Zones into one pool with over 1,500 multi-
family/residential Flex Units available Citywide to be allocated to our targeted redevelopment areas to encourage
and promote redevelopment.Utilized as a redevelopment incentive,flex units provide developers with more certainty
and predictability in the entitlement process and saves time and money with a shorter review process and less fees.
Additionally, Tamarac has two federally-designated Opportunity Zones to spur economic development
investment by providing federal tax incentives.
411
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• Reimbursement Process
Applicants for funding should carefully consider the reimbursement process when establishing their timelines for
projects that seek Program assistance. When contemplating a project, it is important to remember that Incentive
Program grant funding, as well as other financing, should be arranged before actual work commences.
Project work started prior the application being approved is not eligible for REDA Grant Incentive Program funding.
If a business owner intends to finance a project with a loan,the City of Tamarac may write a letter notifying the lender
that a project has been approved for funding under the Program, but that the funding is on a reimbursement basis.
• Grant funds are dispersed on a reimbursement basis for eligible and pre-approved expenses only.
• No grant funds will be dispersed prior to inspection and receipt of final approvals by the City's Building
Department, and any other required final approval, if applicable.
• Reimbursement may be provided at completion provided inspections from appropriate government
agencies have been approved for work completed and work has been completed according to industry
standards.
• To receive a reimbursement,grantees must submit a detailed work invoice with proof of payment to the
selected contractor in the application package for completed work in the form of a cancelled check, credit
card statement, or vendor certification of payment (vendor's paid receipt) and a General Contractor's
Waiver.
• Disbursements of the Grant proceeds may be made on a reimbursement basis or paid directly to the Service
Provider, in accordance with the Scope of Services attached to application and provided applicant first
approves of payment to Service Provider.
• • The grant award will be determined on a case by case basis up to$500,000.
• All final approvals and requests for reimbursement must be received by the City of Tamarac no more than
thirty-six(36) months following approval of the application. An extension may be requested if applicant
demonstrates the project has progressed in good faith.
• Reimbursement funds will be disbursed by the City of Tamarac in a timely manner after all required
documentation has been submitted.
Commencement
• Work must commence within six (6) months after application approval. If work has not begun within 6-
months,funds will be put back into program account and reassigned to other projects. The City will
consider an extension if the applicant can successfully demonstrate the project has progressed in good faith.
• REDA grant benefits are contingent upon funding availability and City of Tamarac approval and are not to be
construed as an entitlement or right of a property owner or applicant.
•
DR..A,71 PE.r_i'.5 of 12
TAMARAC
The City For Your Life
Application Submittal and Processing Procedures •
The following steps summarize the application submittal and processing procedures. Additional
information, resources, and forms for Steps 1 —4 and Step 8 are included in the Appendix.
Submit the Project Eligibility Review Form to request review call with City of Tamarac to
evaluate readiness to proceed to Step 2.
Schedule an exploratory call or video teleconference with the City of Tamarac Economic
Development Office to confirm program funds availability and submission calendar.
Upon the City of Tamarac's email notification to proceed,the Applicant assembles supporting
documents. Initial each item on the checklist, sign/date the form, and submit to the City of
Tamarac with the full application in Step 4.
Applicant Uploads the Application Form and supporting documents to
https://www.tamarac.org/667/Economic-Development/Developer-Incentives
City of Tamarac conducts project eligibility with Staff Grant Review Panel (includes staff
representatives from Economic Development, Community Development, Finance and Building
Depts) and will recommend projects to the City Commission for consideration and final
approval. The City will provide notification of approval or denial within 45 days of submission. •
If approved, City of Tamarac will execute the REDA Grant Agreement with the Applicant. If
denied, applicant will receive written notice.
Applicant completes construction and requests reimbursement.
Grant Recipient completes project REDA Grant Program Compliance Assessment.
City of Tamarac reimburses Applicant according to REDA Grant Agreement.
•
DRAFT Page 6 of 13
TAMARAC
The City For Your Life
•
APPENDIX
STEP 1: Submit Project Eligibility Review Form
• Submission of this form serves as a formal request for the City of Tamarac Economic Development Office to
contact the Applicant to schedule a project eligibility review call or teleconference prior to proceeding to
formal submittal of the Developer Incentives Program Application.
• Properties listed for sale may not apply. Properties sold within twenty-four months of receiving grant funding
must repay the full amount of the incentive grant to the City of Tamarac.
• Prior to application submittal, a preliminary review of proposed renovations to property must be completed
by the City of Tamarac Economic Development and Planning and Zoning Divisions.
• After approval process,the City of Tamarac will provide the applicant with an approved Grant Agreement for
signature. It is imperative that NO CONSTRUCTION begin until the Grant Agreement is signed by all parties
and fully executed. Improvements completed prior to approval by the City Commission may not be eligible for
reimbursement.
• If deemed necessary,the City of Tamarac reserves the right to have the application and its contents evaluated
and analyzed by an outside third party including but not limited to: the proposed business plan,
partnership/ownership information with equity positions, mortgage on the property, lease agreements, letter
of Intent from lending institution and any other documents provided by the applicant.
•S . Landscaping improvements must be consistent with the City's Landscape Code.
• Property to be improved must be free of all municipal and county liens, judgments, or encumbrances of any
kind. This provision may be waived by the City if development plans for said property meets the goals and
objectives as set forth in the Comprehensive Plan and Economic Development Element (2018-2022). Upon
grant approval, said property must remain free of all municipal and county liens,judgments, or encumbrances
of any kind under the term of the agreement.
• Upon receipt of this form, the City of Tamarac will contact the Applicant within ten (10) business days to
schedule a project review teleconference.
I have read completely and understand the program, including the application guidelines and grant
reimbursement process.
Applicant Signature Date
Applicant Tel/Cell Applicant Email
Property Owner Signature Date
•
DPA_ i-a:I 7 c;' 1 3
TAMARAC
The City For Your Life
STEP 2: Conduct Eligibility Review Call with City of Tamarac: Date of Call
The applicant and the City of Tamarac Economic Development Office will schedule an exploratory call or video
teleconference to discuss the submission's project background, its potential eligibility, confirm program funds
availability and the submission schedule.
.
DRAFT Page 8 of 13
TAMARAC
The City For Your Life
• STEP 3 FORM: Assemble REDA Program Application Supporting Documentation (Page 1 of 2)
City of
# Document Checklist Description Applicant Tamarac
Initials Reviewer
Initials
Narrative description of existing conditions, proposed
1 Project Description/ development/improvement to the property, including
Scope sources and uses of financing, and current and
anticipated tenant makeup
2 Developer Resume Resume of developer indicating related development
experience
Preliminary site plan, floor plans and renderings that
3 Preliminary Site & enable staff to determine quality of design; parking
Floor Plans must be included in the site plan and meet current code
regulations or identify variances (staff may assist)
Business Plan or Executive Summary, including a
4 Business Plan narrative describing the business, Partnership and/or
• ownership information with equity positions, its
operations, and its business principles
5 Financial Pro Forma Detailed 3-year budget projections of revenues and
expenses
Lending Institution
6 Letter of Intent from lending institution
Commitment
7 Historical Financials Historical financials for 3 years (in a sealed envelope —
existing businesses only)
Property Mortgage
Documentation or
8 Evidence of Site Mortgage on property
Control
Two bids/quotes from 2 licensed contractors, provided
9 Contractor Bids directly from vendor to City of Tamarac [Note, an
executed contract copy must be submitted with Grant
Agreement execution for approved projects]
The City For Your Life
STEP 3 FORM (cont.): Assemble REDA Application Supporting Documentation •
a`",
urtnC L.eGktts; scr►t?t1oR , :_ .r ara
Initials "eview-
Infrastructure
If applicable, infrastructure improvements in either
10 Improvements the public ROW or on private property and estimated
costs
11 Existing Conditions Current photograph of existing property conditions
12 Business Licenses Copy of applicable, current Business Licenses
Real Property Tax Confirmation that property is free of all county,
13 Statement municipal, liens and judgments and ad-valorem taxes
are up to date
Copy of signed multi-year lease (including express
Executed Lease written permission from the property owner to make
14 Agreement or changes outlined in the project), or copy of Warranty IIII
Warranty Deed Deed showing ownership of the property by the
business owner
15 Project Budget Detailed budget for entire project
16 Exterior Detailed breakdown of exterior improvements and
Improvements associated executed Contractor bid agreement
Applicant Signature Date
Property Owner Signature Date
„,.,,F, / ,-, . ,4
III
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TAMARAC
The City For Your Life
111 STEP 4 FORM: Submit REDA Application Form & Supporting Documentation (Page 1 of 2)
Date of Application:
1. Address(es)of project requesting REDA Grant
Funds:
2. Name of Applicant:
Address of Applicant:
Phone:
Fax:
Email:
3. Does the applicant own project property? YES: NO:
If"no" box is checked,when will property be in control (own or long-term lease)of
the applicant?
Indicate the owning entity of the property(i.e. name on property title):
41) 4. What is the total estimated project
investment?
Current assessed value: $
New capital investment dollars $
Total estimated new assessment: $
5. What is the percentage(%) amount of ownership equity relative to total estimated project investment?
20%or more:
10%to 19.9%:
Less than 10%:
None:
411
TAMARAC
The City For Your Life
STEP 4 FORM (cont.): Submit REDA Application Form & Supporting Documentation (Page 2 of 2) •
6. What is the percentage(%) of minority ownership of the project?
100%
50%or more
Less than 50%
None
7. How many jobs will be created upon completion of project within 12 months construction completion?
1-5
6-10
10+
None
8. When is it anticipated that construction could begin,assuming project receives assistance from this •
program? (A detailed project schedule must accompany application)
Anticipated Date to Begin
Construction (Month/Year):
Anticipated Construction
Completion (Month/Year):
9. Attach the REDA Supporting Documentation detailed in Step 3
The Tamarac Developer Incentives Program benefits are contingent on funding availability and City Commission approval and are not to be
construed as an entitlement or right of a property owner or applicant.Properties are not eligible for program funds when such funding conflicts
with the goals expressed in the Comprehensive Plan Economic Development Element(2018-2022).The City of Tamarac may obtain an analysis
by a third party or outside firm hired by the City to evaluate the application.
Applicant(s) Signature Date
•
r
TAMARAC
The City For Your Life
• STEP 8 FORM: Applicant Completes REDA Compliance Assessment Post-Construction
Compliance Checklist Applicant Information Staff Notes
1 Project Completed Within
Construction Target Timeframe
Project Return on Public
2 Investment(total value of private
construction,total value of
incentives)
City of Tamarac Resident Jobs
3 Created (Construction and
Ongoing)?
4 Project constructed according to
site plan/design renderings?
Project retained/attracted
target/other industries
4/ (description of businesses
5 retained/attracted:square feet,
number of employees, payroll, real
property tax revenue increase,
other)?
City of Tamarac Staff Signature Date
•
DRAFT Page 13 of 13