HB 877 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0877-00
Page 1 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
A bill to be entitled 1
An act relating to the Downtown Development Authority 2
of the City of Fort Lauderdale, Broward County; 3
amending chapter 2005 -346, Laws of Florida; removing a 4
specified expiration date; providing for the transfer 5
of assets from the Downtown Development Authority to 6
the City of Fort Lauderdale upon the date of 7
dissolution of the authority; providing an effective 8
date. 9
10
WHEREAS, the Downtown Development Autho rity of the City of 11
Fort Lauderdale (DDA) was created by special act of the 12
Legislature in 1965, and 13
WHEREAS, the DDA has been the driving force in the growth 14
and progress of Downtown Fort Lauderdale for the past five 15
decades, and 16
WHEREAS, the DDA has d edicated land and resources for such 17
public amenities including the Broward Performing Arts Center, 18
the Downtown Library, Museum of Science, and Huizenga Plaza 19
Park, among many others, and 20
WHEREAS, the DDA has been active in providing input and 21
solutions for such important ongoing issues such as 22
transportation, affordable housing, community safety, and parks 23
and public space improvements, and 24
HB 877 2022
CODING: Words stricken are deletions; words underlined are additions.
hb0877-00
Page 2 of 2
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S
WHEREAS, the DDA is an important vehicle for representation 25
and participation of the commercial property owners in Downtown 26
Fort Lauderdale, and 27
WHEREAS, the Legislature has reviewed downtown development 28
authorities and special districts on a periodic basis so that a 29
separate expiration date is not needed given the important role 30
the DDA provides in the community. 31
32
Be It Enacted by the Legislature of the State of Florida: 33
34
Section 1. Section 15 of chapter 2005 -346, Laws of 35
Florida, is amended to read: 36
Section 15. Upon the date of dissolution of the authority 37
pursuant to law On December 31, 2030 , this law shall expire and 38
all assets of the authority shall on or before the that date of 39
dissolution be transferred by the authority to the city. Any 40
assets remaining in the hands of the authority on the date of 41
dissolution December 31, 2030, shall automatically devo lve upon 42
and become the property of the city. In the event there shall be 43
any indebtedness outstanding against the authority, the city may 44
continue to levy whatever portion shall be necessary of the tax 45
authorized by this law to retire such indebtedness. 46
Section 2. This act shall take effect upon becoming a law. 47