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File #: 18-0279 CRA    Version: 1 Name:
Type: CRA Contract Status: Agenda Ready
File created: 3/6/2019 In control: Community Redevelopment Agency
On agenda: 3/12/2019 Final action:
Title: RESOLUTION NO. 2019-03 - purchase and sale agreement - 21 sW 13TH AVENUE -Delray Beach Community Land Trust
Attachments: 1. Agenda Cover Report, 2. Exhibit A - Aerial Map, 3. Exhibit B- Resolution 2019-03 Approval of Sale to DBCLT - 21 SW 13 Ave, 4. Exhibit C - Agreement for Purchase and Sale (21 SW 13th Ave)
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Krista Walker, Contract Manager
THROUGH: Jeff Costello, CRA Executive Director
DATE: March 12, 2019

Title
RESOLUTION NO. 2019-03 - purchase and sale agreement - 21 sW 13TH AVENUE -Delray Beach Community Land Trust

Body

Recommended Action:
Recommendation
Approve Resolution No. 2019-03 for the Agreement for Purchase and Sale with Delray Beach Community Land Trust for conveyance of 21 SW 13th Avenue in accordance with the terms specified in the agreement and authorize the CRA Chair to sign any and all documents related to this transaction.

Body
Background:
At the January 15, 2019 CRA Board meeting, the Board considered the Letter of Intent from the Delray Beach Community Land Trust (DBCLT) to acquire two (2) CRA-owned properties - 21 SW 13th Avenue and 246 NW 8th Avenue to 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

DBCLT’s request to acquire the properties from the CRA include the following conditions based on the proposal and any other terms deemed necessary by the CRA Board:

1. The DBCLT will construct either one (1) or two (2)-story models, three (3) bedroom, two (2) bathroom single family homes with enclosed one (1) or two (2) car garages.

At the meeting, the CRA Board directed CRA Staff and Legal Counsel to negotiate the Purchase and Sale Agreements for conveyance of the properties listed above to DBCLT based upon the framework provided in the Letter of Intent, subject to any additional terms and conditions requested by the CRA Board.

Attached is the Purchase and Sale Agreements between the CRA and DBCLT for 21 SW 13th Avenue. The terms of t...

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