TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: December 17, 2020
Title
SPECIAL MEETING REGARDING THE DEVELOPMENT OF SW 600-800 BLOCKS OF WEST ATLANTIC AVENUE
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Recommended Action:
Recommendation
Discuss and approve or disapprove the negotiation and preparation of a Fourth Amendment to the Purchase & Sale Agreement by and between Delray Beach Community Redevelopment Agency and BH3 Management, LLC dated April 22, 2019 related to the development of SW 600-800 blocks of West Atlantic Avenue.
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Background:
On April 22, 2019, the Delray Beach Community Redevelopment Agency (“CRA”) and BH3 Management, LLC (“BH3”) entered into a Purchase & Sale Agreement (“Agreement”) for the SW 600-800 blocks of West Atlantic Avenue CRA-Owned Properties.
A First Amendment to the Agreement was approved by the CRA Board on August 13, 2019, to correct scriveners’ errors in the document.
A Second Amendment to the Agreement was approved on November 19, 2019, to extend the Application Date, the date by which BH3 needs to submit their applications to the City of Delray Beach (“City”) and other applicable governmental entities for approval, by sixty (60) calendar days from November 18, 2019, to January 17, 2020.
A Third Amendment to the Agreement was approved on January 28, 2020, to allow the CRA to enter into a lease agreement with the Emanuel Jackson, Sr. Project, Inc. The Agreement and all Amendments are included within Exhibit C.
Future Land Use Map (FLUM) and Rezoning Amendments Approval:
On October 15, 2019, BH3 received final approval from the City amending the FLUM designation from Multiple Family Residential - Medium Density District to Central Business District and Zoning designation from Medium Density to Commercial Core for the properties located at 36 SW 6th Avenue, 40 SW 6th Avenue, 46 SW 6th Avenue, 48 SW 6th Avenue, 41 SW 7th Avenue, and 37 SW 7th Avenue.
Applicat...
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