TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renee Jadusingh, Executive Director
DATE: September 24, 2024
Title
RESOLUTION 2025-01 - APPROVE A PURCHASE AND SALE AGREEMENT WITH THE DELRAY BEACH COMMUNITY LAND TRUST, INC. FOR THE PURCHASE OF FOUR PROPERTIES LOCATED AT 250 & 256 NW 8TH AVENUE FOR THE CONSTRUCTION OF AFFORDABLE/WORKFORCE HOUSING
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Recommended Action:
Recommendation
1. Approve a Purchase and Sale Agreement with the Delray Beach Community Land Trust, Inc. for the purchase of four properties approximately located at 250 & 256 NW 8th Avenue (Subject Properties) for a total purchase price of $20,000 for the construction of affordable/workforce housing, in substantially the same form as attached and 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 Advisor.
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Background:
On September 24, 2024, CRA Board meeting, the CRA Board awarded RFP CRA No. 2024-05 - the Disposition of the CRA-owned Vacant Properties for the Development of Affordable/Workforce Housing to the Delray Beach Community Land Trust, Inc. (CLT).
The four (4) Subject Properties being sold to the CLT are all located within CRA Sub-Area 4 and are further described in the below table:
Lot Property Address Parcel Control Number (PCN) Zoning Designation and Legal Description |109|**250 NW 8th Avenue 12434617250020010 R1A - Single Family Residential TOURIST NOOK DELRAY LTS 1 & 32 BLK B |109|**250 NW 8th Avenue 12434617250020010 R1A - Single Family Residential TOURIST NOOK DELRAY LTS 1 & 32 BLK B |109|**250 NW 8th Avenue 12434617250020300 R1A - Single Family Residential TOURIST NOOK DELRAY LT 30 BLK B |109|256 NW 8th Avenue 12434617250020310 R1A - Single Family Residential TOURIST NOOK DELRAY LOT 31 BLK B
NOTE:
250 NW 8th Avenue is the street addr...
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