4. - Award Dev Rights, $7m Financing

RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE NARANJA LAKES COMMUNITY REDEVELOPMENT AGENCY ACCEPTING THE EVALUATION COMMITTEE'S RECOMMENDATION FOR THE DISPOSITION AND REDEVELOPMENT OF CERTAIN NARANJA LAKES COMMUNITY REDEVELOPMENT AGENCY-OWNED PROPERTIES LOCATED AT 27501 SOUTH DIXIE HIGHWAY AND 27525 SOUTH DIXIE HIGHWAY; AUTHORIZING THE DISPOSITION OF SUCH PROPERTIES AND AWARD OF DEVELOPMENT RIGHTS TO HOUSING TRUST GROUP, LLC, OR ITS AFFILIATES, FOR A NOMINAL AMOUNT, PURSUANT TO SECTION 163.380, FLORIDA STATUTES; AWARDING UP TO$7,000,000 IN TAX INCREMENT FINANCING, SUBJECT TO UNDERWRITING; AND AUTHORIZING THE EXECUTIVE DIRECTOR OR DESIGNEE TO NEGOTIATE, EXECUTE, AND AMEND CERTAIN AGREEMENTS AND DOCUMENTS NECESSARY TO EFFECTUATE THE DISPOSITION, REDEVELOPMENT, AND FINANCING OF THE PROPERTIES