TO: CRA Board of Commissioners
FROM: Christine Tibbs, Assistant Director
THROUGH: Renée A. Jadusingh, Executive Director
DATE: June 8, 2022
Title
UPDATE ON THE PURCHASE OF 115 SW 5th AVENUE
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Recommended Action:
Recommendation
Approve the following:
1. Authorize Staff to proceed with the purchase of 115 SW 5th Avenue pursuant to the Purchase and Sale Agreement approved by the CRA Board on January 25, 2022
and
2. Authorize Staff to proceed with recommendations from Universal Engineering Sciences related to 115 SW 5th Avenue and conduct an environmental site assessment at 105 SW 5th Avenue.
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Background:
The Subject Property is located within the Southwest Neighborhood at 115 SW 5th Avenue, Delray Beach, Florida, (CRA Sub- Area #8). The Subject Property is a vacant lot that is approximately 5,130 sq. ft. and is zoned Central Business District. The CRA owns the adjacent parcel north of this lot at 105 SW 5th Avenue.
The location of the Subject Property provides an opportunity to continue revitalization and stabilization efforts through infill development of affordable single-family housing, as indicated in the objectives of the CRA Plan and Southwest Area Neighborhood Redevelopment Plan.
On January 25, 2022, the CRA Board approved the purchase of the Subject Property for the amount of $82,000.
Per the executed Purchase and Sale Agreement (“Agreement”), the initial Inspection Period ended on April 11, 2022. At the start of the Inspection Period, CRA staff ordered a Phase I Environmental Site Assessment (“Phase I ESA”) from Universal Engineering Sciences. On March 22, 2022, CRA staff received a Phase I ESA Report, dated March 18, 2022, (a copy of the full Phase I ESA Report is available upon request) with the following recommendation:
“This assessment has revealed evidence of two offsite recognized environmental conditions connected with the subject property. Further assessment appears warranted at this time.”
“Two (2) o...
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