TO: Margate CRA Chair and Members of the Board
FROM: Cale Curtis, CRA Executive Director
DATE: January 10, 2024
Title
UPDATE ON LITIGATION BETWEEN THE MARGATE COMMUNITY REDEVELOPMENT AGENCY AND NEW URBAN COMMUNITIES, LLC
Body
BACKGROUND: MCRA General Counsel will provide an update on the status of the litigation between the MCRA and New Urban Communities, LLC and the potential termination of the Development Agreement.
RECOMMENDATION: For discussion and Board direction
FISCAL IMPACT: N/A
CONTACT PERSON: David Tolces, Board Attorney