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