ORD Approp $3,000,000 from the Gen Fund Special Council Reserve - Designated Contingency Acct Established by Ord 2025-385-E to the Downtown Economic Dev Fund Rise-Doro 2024-533 - Misc Grants & Aids Acct, to Fund the Workforce Housing Completion Grant Previously Authd by Ord 2024-633-E for the Dev Referred to as the “Rise Doro” Proj (Staffopoulos) (Introduced by CM Howland) (Co-Sponsors CMs Lahnen, Miller, Salem, White, Gay, J. Carlucci & Arias) 11/25/25 CO Introduced: NCSPHS, F 12/1/25 NCSPHS Read 2nd & Rerefer 12/2/25 F Read 2nd & Rerefer 12/9/25 CO PH Read 2nd & Rerefer 1/5/26 NCSPHS Approve 6-0 1/6/26 F Approve 7-0 Public Hearing Pursuant to Ch 166, F.S. & C.R. 3.601 - 12/9/25

This ordinance appropriates $3,000,000 from the General Fund Special Council Reserve to the Downtown Economic Development Fund. These funds are designated for the "Rise Doro" project, specifically to cover the Workforce Housing Completion Grant previously authorized by Ordinance 2024-633-E. The Rise Doro project involves the development of a multi-family residential apartment complex with a structured parking facility and retail/restaurant/lounge space. A key component of the project is the developer's commitment to set aside a portion of residential units for workforce housing, including at least 15 two-bedroom units and 70 one-bedroom units. These workforce housing units will be subject to a Land Use Restrictive Agreement for a term of thirty years, setting maximum rent limits.

This action provides funding for the development of workforce housing units within the "Rise Doro" project, aiming to increase housing affordability for residents. The project also includes retail and restaurant spaces, potentially boosting local amenities.

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