AGENDA MEMORANDUM

Meeting Date:           January 24, 2011

From:                          Christopher T. Edwards, Community Redevelopment Coordinator

Subject:                      Approval to acquire (1) residential parcel, located at 2355 Mispah Avenue for the Carver Heights/ Montclair Area Community Redevelopment Agency (CRA)

Staff Recommendation: Staff recommends the CRA approval to execute a Purchase and Sales Contract between the CRA and Adrienne Martin., for redevelopment of (1) residential parcel.

Analysis:

The subject property includes (1) residential parcel, located at 2355 Mispah Avenue.  The parcel is part of an acquisition effort to attract new residential development within the CRA.  Acquisition of the subject property 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.  The 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 between the CRA and Adrienne Martin; or

2.  Such alternative action as the Commission may deem appropriate.

Fiscal Impact: 

The total purchase price pursuant to the contract is $9,000

Submission Date and Time:    1/19/2011 4:25 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 OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING AND DIRECTING THE COMMUNITY REDEVELOPMENT AGENCY TO EXECUTE A SALE AND PURCHASE CONTRACT BETWEEN THE COMMUNITY REDEVELOPMENT AGENCY AND ADRIENNE MARTIN FOR THE PURPOSE OF THE COMMUNITY REDEVELOPMENT AGENCY PURCHASING THE SUBJECT PROPERTY FOR REDEVELOPMENT; AND PROVIDING AN EFFECTIVE DATE

BE IT RESOLVED BY THE CRA COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

            THAT the Community Redevelopment Agency Board is hereby authorized and directed to execute the Sale and Purchase Contract between the Carver Heights/Montclair Area Community Redevelopment Agency and Adrienne Martin for the purpose of purchasing the subject property, located at 2355 Mispah Ave. for redevelopment. 

 THAT this resolution shall become effective immediately.

PASSED AND ADOPTED by the CRA Commission of the City of Leesburg, Florida, at a regular meeting held the _____ day of _________ 2011

Carver Heights/Montclair Area Community Redevelopment Agency

                                                                            __________________________________

                                                                            Chairman

ATTEST:

__________________________

City Clerk