CRA delays vote on third amendment to Park at Lauderhill development agreement until Oct. 27

The City of Lauderhill Community Redevelopment Agency (CRA) discussed a proposed third amendment to the development agreement for the Park at Lauderhill project during its Sept. 29 meeting and continued the item to the Oct. 27 city commission meeting.

Why it matters: The amendment would clarify financing and ownership terms for the development; those points affect developer financing plans and the city’s oversight of the project. Commissioners emphasized they needed the planning-and-zoning review completed before final approval by the commission.

What was discussed:
- City staff said the two material requests from the developer relate to the timing and mechanics of reimbursement once taxes are paid and language clarifying a 51% ownership stake after a change in ownership structure. Staff said the developer remains on schedule for start and completion dates.
- Legal counsel and staff explained that the CRA can move forward but that certain planning-and-zoning review steps were required before the city commission takes final action.

Decision: The CRA voted to continue the matter to the Oct. 27 commission meeting. Staff and the developer will schedule a special planning-and-zoning meeting to complete the required review ahead of the Oct. 27 hearing.

Next steps: The developer and staff will finalize the planning-and-zoning submission; staff will bring any additional negotiations, developer incentives or clarifications to the commission in October, per the timeline discussed on the record.