TO: CRA Board of Commissioners
FROM: Kristyn Cox, Project & Development Relations Manager
THROUGH: Jeff Costello, CRA Executive Director
DATE: January 15, 2019
Title
Delray Beach Community Land Trust - LETTER OF INTENT TO ACQUIRE AND DEVELOP CRA-OWNED PROPERTIES - 21 sW 13TH AVENUE & 246 NW 8TH AVENUE
Body
Recommended Action:
Recommendation
1. Authorize CRA Staff and CRA Legal Counsel to negotiate a Purchase and Sale Agreement with the Delray Beach Community Land Trust (DBCLT) to conveyance of the properties located at 21 SW 13th Avenue and 246 NW 8th Avenue with a purchase price of $1,000 per buildable lot, subject to any additional terms and conditions requested by the Board, for a total purchase price of $3,000.
2. Authorize the issuance of a 30-day public notice of the CRA’s intent to dispose of property at 21 SW 13th Avenue and 246 NW 8th Avenue to the Delray Beach Community Land Trust in accordance with Florida Statutes Section 163.380(3)(a).
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Background:
On December 7th the CRA received a Letter of Intent from the Delray Beach Community Land Trust to acquire two (2) CRA-owned properties - 21 SW 13th Avenue and 246 NW 8th Avenue - for the proposed purchase price of $1,000 each and develop new single-family homes through their affordable housing program. The information on these CRA-owned properties is as follows:
Address Acres Property Control # CRA Purchased Price DBCLT Proposed Purchase Price CRA Proposed Purchase Price
21 SW 13th Ave One buildable lot 0.16 12434617180020140 $52,000 $1,000 $1,000
246 NW 8th Ave Two buildable lots 0.25 12434617250020280 $84,000 $1,000 $2,000
It is noted, 246 NW 8th Avenue consists of two buildable 40’ wide nonconforming lots, which are developable provided they are restricted for workforce housing, pursuant to Article 4.7 of the City’s Land Development Regulations (Family/Workforce Housing Ordinance). Thus, the CRA proposes a purchase price of $2,000 ($1,000 per buildable lot) for 246 NW 8th...
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