TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., CRA Executive Director
DATE: March 25, 2025
Title
RESOLUTION 2025-03 - APPROVE A PURCHASE AND SALE AGREEMENT WITH BETTY J. MOORE AND KENNETH MACK NEAL THOMAS FOR THE PURCHASE OF THE PROPERTY LOCATED AT 235 SE 2nd AVENUE
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Recommended Action:
Recommendation
1. Approve a Purchase and Sale Agreement with Betty J. Moore and Kenneth Mack Neal Thomas for the purchase of a property located near 235 SE 2nd Avenue (PCN 12-43-46-16-04-087-0110) (Subject Property) for a purchase price of $2,105,000, 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:
The Subject Property is located at 235 SE 2nd Ave, Delray Beach, Florida, within the Osceola Park neighborhood within CRA District Sub- Area 7. The Subject Property comprises approximately 21,497 sq. ft. and is zoned Central Business District. Below is a summary of the problems in the area from the CRA’s Redevelopment Plan on page 29-30:
· “Many structures within the area are in need of maintenance and repair.
· Much of the area is located within a well field protection zone which limits the type of commercial and industrial redevelopment.
· The area has lost its stature as a quality housing area.
· The area is significantly impacted by cut through traffic as motorists look to bypass downtown traffic.
· Unimproved alleys are poorly maintained.
· Insufficient parking to support businesses.
· Businesses are in need of capital.
· Additional sidewalks are needed to keep people, (especially children), from walking in the streets and to enable residents to walk to work and shopping.”
The Seller has agreed to a purchase price of $2,105,000 for the Subject Property, which is the average of the two appraised values obta...
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