CARVER HEIGHTS/MONTCLAIR AREA
COMMUNITY REDEVELOPMENT AGENCY
Staff recommends the CRA approval to execute a Purchase and Sales Contract between the CRA and Adrienne Martin for redevelopment of the residential parcel.
The subject property includes a residential parcel at 2355 Mispah Avenue. Acquisition of the subject property is an effort to attract new residential development imperative for residential development, which will 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.
1. Approve the resolution to execute the Contract for Sales and Purchase between the CRA and Adrienne Martin; or
The total purchase price pursuant to the contract is $9,000 which is available from the 2008 Note and included in the fiscal year 2009-10 budget (Land Purchases) and subject to Commission approval, will be rolled to fiscal year 2010-11.
Submission Date and Time: 1/19/2011 4:25 PM____ Department: ______________________
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. _______JB_________
Deputy C.M. ___________________
City Manager ___________________
Account No. _017-6190-559-6110__
Project No. ___170001__________
WF No. _____WF 693561/1______
A RESOLUTION OF THE CARVER HEIGHTS/MONTCLAIR AREA COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING THE COMMUNITY REDEVELOPMENT AGENCY TO EXECUTE A SALE AND PURCHASE CONTRACT WITH ADRIENNE MARTIN FOR THE PURPOSE OF REDEVELOPMENT; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CARVER HEIGHTS/MONTCLAIR COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LEESBURG, FLORIDA:
THAT the Carver Heights/Montclair Community Redevelopment Agency is hereby authorized to execute the Sale and Purchase Contract with Adrienne Martin for the purpose of purchasing the subject property at 2355 Mispah Avenue 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 _24th____ day of _January____, 2011.
Carver Heights/Montclair Area
Community Redevelopment Agency