TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: October 11, 2023
Title
UPDATE FROM COLLIERS INTERNATIONAL ON THE MARGATE CITY CENTER DEVELOPMENT OFFERING MEMORANDUM
Body
BACKGROUND: At the March 8, 2023 MCRA meeting, Colliers International Florida LLC, a global commercial real estate firm, presented their proposal to provide a marketing strategy and advisory services for the 43.3 ± acres in the Margate City Center. At the April 1, 2023 MCRA meeting, Resolution 706 was approved to enter in an Agreement with Colliers International Florida, LLC to provide these services.
At the July 6, 2023 MCRA meeting Colliers International presented an initial draft of the Offering Memorandum to the Board.
RECOMMENDATION: For discussion and direction
FISCAL IMPACT: N/A
CONTACT PERSON: Cale Curtis, CRA Executive Director