CARVER HEIGHTS/MONTCLAIR AREA

COMMUNITY REDEVELOPMENT AGENCY

                            

 

AGENDA MEMORANDUM

 

 

Meeting Date:           September 14, 2009

 

From:                          Christopher T. Edwards, CRA Coordinator               

 

Subject:                      Resolution approving purchase of two vacant lots at 2207 Mispah Avenue for the Carver Heights/ Montclair Community Redevelopment Agency

 

 

Staff Recommendation:

Staff recommends approval to execute a Purchase and Sales Contract with Smith Properties Unlimited, Inc., for the purpose of purchasing vacant land for redevelopment.  

 

Analysis:

The subject property includes two vacant lots at 2207 Mispah Avenue.  Purchase of the vacant lots is part of an acquisition effort to attract new residential development within the CRA.  Acquisition of the subject properties is imperative for residential development that would increase the overall taxable value of the Carver Heights & Vicinity CRA.

 

The catalyst for the creation of the CRA was to revitalize and beautify the area.  Acquisition of the subject property together with adjacent parcels will position the CRA to be more prepared to offer “shovel ready” property when attempting to attract professional residential developers.  Therefore, with the purchase of this property the CRA can offer single family lots for affordable housing.

 

Options:

1.  Approve the resolution to execute the Contract for Sales and Purchase with Smith Properties Unlimited, Inc.; or

2.  Such alternative action as the CRA board may deem appropriate

 

Fiscal Impact

The total purchase price pursuant to the contract is $12,000. 

 

Submission Date and Time:    9/11/2009 12:04 PM____

Department: ______________________

Prepared by:  ______________________                     

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head ________

 

Finance  Dept. __________________                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________


 

RESOLUTION NO._______________

 

A RESOLUTION OF THE CARVER HEIGHTS/MONTCLAIR AREA  COMMUNITY REDEVELOPMENT AGENCY AUTHORIZING AN AGREEMENT WITH  SMITH PROPERTIES UNLIMITED, INC., FOR PURCHASE OF TWO VACANT LOTS FOR $12,000 AT 2207 MISPAH AVENUE; AND PROVIDING AN EFFECTIVE DATE.

 

 

BE IT RESOLVED BY THE CARVER HEIGHTS/MONTCLAIR AREA COMMUNITY REDEVELOPMENT AGENCY, LEESBURG, FLORIDA:

 

            THAT the Chairman and the Secretary are hereby authorized to execute an agreement with Smith Properties Unlimited, Inc., for acquiring two vacant lots at 2207 Mispah Avenue. 

 

            THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the 14th day of September 2009.

 

 

 

                                                                            __________________________

                                                                            Chairman

ATTEST:

 

 

__________________________

Secretary