CARVER HEIGHTS/MONTCLAIR AREA
COMMUNITY REDEVELOPMENT AGENCY
Staff recommends approval to execute a Purchase and Sales Contract with Smith Properties Unlimited, Inc., for the purpose of purchasing vacant land for redevelopment.
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.
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
The total purchase price pursuant to the contract is $12,000.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF 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.