CARVER HEIGHTS/MONTCLAIR AREA

COMMUNITY REDEVELOPMENT AGENCY

AGENDA MEMORANDUM

Meeting Date:           January 24, 2011

From:                          Christopher T. Edwards, Community Redevelopment Coordinator

Subject:                      Resolution approving acquisition of a residential parcel 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 the residential parcel.

Analysis:

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.

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 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 ______ Dates:   __________________________                       Attorney Review :       Yes___  No ____ _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. _______JB_________                                     Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. _017-6190-559-6110__ Project No. ___170001__________ WF No. _____WF 693561/1______ Budget  _____$444,654__________ Available ____$444,654__________

RESOLUTION NO.___________

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

                                                                            __________________________________

                                                                            Chairman

ATTEST:

__________________________________

City Clerk