Title
MOTION TO AUTHORIZE THE PROPER CITY OFFICIALS TO EXECUTE THE AMENDMENT TO THE EDUCATIONAL MITIGATION AGREEMENT FOR CITY CENTER
Summary Explanation and Background
SUMMARY EXPLANATION AND BACKGROUND:
1. On June 15, 2016, the City Commission adopted ordinance 1847 approving an amendment to the Local Activity Center (LAC) land use for City Center.
2. In conjunction with the most recent land use plan amendment and plat for the City Center project, Broward County and the Broward County School Board require School Mitigation Agreement to be amended.
3. Since the 2004 School Agreement and the 2006 School Agreement, the County and City in conjuction with the School Board have adopted concurrency regulations which require new residential development to comply with review criteria for public school concurrency.
4. The City's adopted the orginal agreement in 2006 and then it was amended in 2013.
5. The amended agreement includes the new units that were added as part of the plat and land use process in conjunction with the Agreement for Purchase and Sale with the Terra Group.
6. Staff requests Commission approval to have the proper City officials execute the Amendment to the School Board Mitigation agreement between the City of Pembroke Pines, Broward County and the School Board.
Item has been reviewed by the Commission Auditor and approved for the Agenda.
Financial Impact
FINANCIAL IMPACT DETAIL:
a) Initial Cost: None
b) Amount budgeted for this item in Account No: Not Applicable
c) Source of funding for difference, if not fully budgeted: Not Applicable
d) 5 year projection of the operational cost of the project Not Applicable
e) Detail of additional staff requirements: Not Applicable