TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., CRA Executive Director
DATE: July 23, 2024
Title
RESOLUTION 2024-07 - APPROVE A PURCHASE AND SALE AGREEMENT WITH EMMA H. SHARPE, TRUSTEE FOR THE PURCHASE OF THE PORTION OF A PROPERTY ABUTTING 111 NW 11TH AVENUE AND 106 NW 10TH AVENUE IN AN AMOUNT NOT TO EXCEED $40,000
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Recommended Action:
Recommendation
1. Approve a Purchase and Sale Agreement with Emma. H. Sharpe, Trustee for the purchase of the property abutting 111 NW 11th Avenue and 106 NW 10th Avenue (Subject Property) in an amount not to exceed $40,000 in a form legally acceptable to the CRA Legal Counsel;
AND
2. Authorize the CRA Board Chair to execute the Purchase and Sale Agreement, and any related documents, in a form legally acceptable to the CRA Legal Counsel.
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Background:
In an effort to clear slum and blighted conditions, aid in the stabilization and revitalization of neighborhoods, and develop additional affordable housing within the CRA District, the CRA purchased properties located at 111 NW 11th Avenue and 106 NW 10th Avenue.
The Subject Property is located between those CRA-owned properties and abuts both 111 NW 11th Avenue and 106 NW 10th Avenue. The Subject Property is zoned R-1-A Single Family Residential and is approximately 0.1398 acres of land.
The Subject Property is currently one parcel out of five parcels that are under the same Parcel Control Number: 12-43-46-17-42-006-0260 and legal definition. The CRA is only purchasing the parcel with the following legal definition (see Exhibit A - Location Map and Survey).
The necessity to purchase the Subject Property is two-fold:
1) Purchasing the Subject Property would allow the CRA to incorporate the Subject Property into the platting process and create two workforce housing lots that will be developed into two affordable single-family homes, and eliminate a sub-standard size lot;
AND
2) Th...
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