File #: 24-6610    Version: 1 Name:
Type: Resolution Status: Passed
File created: 11/4/2024 In control: City Commission
On agenda: 11/14/2024 Final action: 11/14/2024
Title: Requesting approval of the Agreement for payment between the City of Key West and Bahama Village on Fort, Ltd, as the developer of twenty-eight (28) homeownership units known as the Lofts of Bahama Village Condominiums for the distribution of the awarded funding through the Monroe County Comprehensive Plan Land Authority being used as construction subsidy to reduce the sales prices of the units for affordability; Authorizing the City Manager to execute all documents consistent therein upon consent of the City Attorney.
Sponsors: Todd Stoughton
Attachments: 1. Resolution, 2. Cover Memo, 3. Agreement for Payment, 4. MCLA 03-2025 Approval of MCLA Funding

Title

Requesting approval of the Agreement for payment between the City of Key West and Bahama Village on Fort, Ltd, as the developer of twenty-eight (28) homeownership units known as the Lofts of Bahama Village Condominiums for the distribution of the awarded funding through the Monroe County Comprehensive Plan Land Authority being used as construction subsidy to reduce the sales prices of the units for affordability; Authorizing the City Manager to execute all documents consistent therein upon consent of the City Attorney.