TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: February 25, 2020
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LETTERS OF INTENT TO PURCHASE TWO (2) CRA OWNED RESIDENTIAL PROPERTIES - 102 NW 14th AVENUE AND 1311 NW 14th AVENUE
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Recommended Action:
Approve posting a thirty (30) day public notice of intent to dispose of two (2) properties located at 102 NW 14th Avenue and 1311 NW 14th Avenue.
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Background:
The CRA has received two unsolicited Letters of Intent from Habitat for Humanity of South Palm Beach County, Inc. (“Habitat”) on July 16, 2019, and from the Delray Beach Community Land Trust (“CLT”) on February 6, 2020, to purchase two (2) individual adjacent properties for the purpose of constructing two new single family homes.
The subject properties, detailed in the below chart, will be restricted for workforce housing, pursuant to Article 4.7 of the City’s Land Development Regulations (Family/Workforce Housing Ordinance).
Habitat’s Letter of Intent went before the CRA Board on August 13, 2019. At that meeting, no action was taken regarding Habitat’s Letter of Intent as both the motions to accept the Letter of Intent and to reject the Letter of Intent failed.
As the CRA Board has yet to take action regarding Habitat’s Letter of Intent, and now another Letter of Intent from the CLT has been received for the same two properties, both Letters of Intent are being brought before the CRA Board.
Habitat’s Letter of Intent proposes a purchase price of $1000.00 for each property, construction of a three (3) bedroom, two (2) bathroom single family home with an enclosed one (1) car garage on each property, and completion of each home within twenty-four (24) months from the closing date.
CLT’s Letter of Intent proposes a purchase price of $5000.00 for each property, construction of a three (3) bedroom, two (2) bathroom single family home with an enclosed two (2) car garage on each property, a...
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