TO: CRA Board of Commissioners
FROM: Cassidy Heitman, Legal Advisor
THROUGH: Renée A. Jadusingh, Executive Director
DATE: February 26, 2026
Title
RESOLUTION 2026-02 - APPROVAL OF A PURCHASE AND SALE AGREEMENT WITH HARRY B. HAGWOOD, TRUSTEE, FOR THE PURCHASE OF PARCELS ABUTTING TO 121 NW 11th AVENUE, 115 NW 11th AVENUE, 1119 NW 1st STREET, 1105 NW 1st STREET, AND 111 NW 11th AVENUE IN AN AMOUNT NOT TO EXCEED $115,000.
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Recommended Action:
Recommendation
Approve a Purchase and Sale Agreement Harry B. Hagwood, Trustee, for the purchase of parcels abutting to 121 NW 11TH Avenue, 115 NW 11TH Avenue, 1119 NW 1ST Street, 1105 NW 1ST Street, and 111 NW 11TH Avenue (Subject Property) in an amount not to exceed $115,000 and 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 comprised of parcels abutting to 121 NW 11th Avenue, 115 NW 11th Avenue, 1119 NW 1st Street, 1105 NW 1st Street, and 111 NW 11th Avenue. The Subject Property is zoned R-1-A Single Family Residential. The Subject Property contains five parcels that are under the same Parcel Control Number: 12-43-46-17-42-006-0260.
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) There is currently a vacant dilapidated structure that straddles 111 NW 11th Avenue and the Subject Property. For safety and health reasons, the structure needs to be demolished.
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 the property located at 111 ...
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