CARVER HEIGHTS/MONTCLAIR AREA

COMMUNITY REDEVELOPMENT AGENCY

 

AGENDA MEMORANDUM

 

Meeting Date:           April 11, 2011

 

From:                          Christopher Edwards, Community Redevelopment Coordinator

 

Subject:                      Resolution authorizing sale of a Single-Family residential property at

                                    704 Beecher Street to Donna Robinson, a first-time homebuyer

 

Staff Recommendation:

Staff recommends approval to execute a Purchase and Sales Contract with Donna Robinson, a first-time homebuyer for residential property at 704 Beecher Street.

 

Analysis:

The subject property, 704 Beecher Street, is a single-family residential unit. The parcel is part of an affordable housing initiative to attract eligible homebuyers for existing and new construction residential units within the CRA.  The sale of the subject property is imperative for the overall investment and taxable value of the Carver Heights/Montclair Area CRA.

 

The Carver Heights/Montclair Area CRA recently rehabilitated the unit  to be able to market as an affordable housing unit for an eligible first time buyer.  The catalyst for the creation of the CRA was to revitalize and beautify the area.  The sale of the subject property together with adjacent parcels will assist the CRA’s developer and investor marketing efforts and provide a return on investment for the Housing Rehabilitation Program.

 

Options:

1.  Approve the resolution to execute the Contract for Sales and Purchase with Donna Robinson, a first time homebuyer; or

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

 

Fiscal Impact

The total sale price pursuant to the contract is $30,000 which will be available to the Carver Heights/Montclair Area CRA for additional redevelopment projects.

 

 

Submission Date and Time:    4/6/2011 1:06 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. _017-0000-364-2900___

 

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 THE COMMUNITY REDEVELOPMENT AGENCY TO EXECUTE A SALE AND PURCHASE CONTRACT WITH       DONNA ROBINSON, A FIRST TIME HOMEBUYER, FOR THE SUBJECT PROPERTY AT 704 BEECHER STREET FOR $30,000.00; AND PROVIDING AN EFFECTIVE DATE

 

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

 

            THAT the Chairperson and Secretary/City Clerk are hereby authorized to execute the Sale and Purchase Contract with  Donna Robinson for the purpose of selling the subject property, at 704 Beecher Street to a first time homebuyer.

 

             THAT this resolution shall become effective immediately.

 

PASSED AND ADOPTED by the Carver Heights/Montclair Area CRA Commission of the City of Leesburg, Florida, at a regular meeting held the _11th____ day of __April_______ 2011

 

 

Carver Heights/Montclair Area

Community Redevelopment Agency

 

 

                                                                            __________________________________

                                                                            Chairperson

 

ATTEST:

 

 

__________________________________

Secretary/City Clerk