TO: CRA Board of Commissioners
FROM: Kim N. Phan, Legal Advisor
THROUGH: Renée A. Jadusingh, Executive Director
DATE: April 25, 2023
Title
RESOLUTION NO. 2023-01 - AGREEMENT FOR PURCHASE AND SALE - 106 NW 10TH AVENUE - $380,000.00
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Recommended Action:
Recommendation
Approve Resolution No. 2023-01 and the Agreement for Purchase and Sale with Southern Engineering & Construction, LLC, for the CRA purchase of property at 106 NW 10th Avenue, with a purchase price of $380,000.00, in substantially the attached form, and authorize the CRA’s Chair, Executive Director and legal counsel to execute any and all related documents to facilitate the above action(s).
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Background:
The Subject Property is located in the Northwest Neighborhood at 106 NW 10th Avenue, Delray Beach, Florida (CRA Sub-Area #4). The Subject Property is a vacant lot that is approximately 20,427 sq. ft. and zoned R-1-A, Single Family Residential. The Subject Property is owned by Southern Engineering & Construction, LLC (“Southern Engineering”).
In July 2018, the Subject Property was appraised by Parrish & Edwards and returned a market value appraisal of $143,000. At that time, Southern Engineering was in the process of resolving title issues and the acquisition did not move forward to the CRA Board for consideration. On May 14, 2019, the CRA Board approved the Agreement for Purchase and Sale for the Subject Property for $180,000 but due to extensive title issues the CRA terminated the Purchase and Sale Agreement.
Earlier this year, Southern Engineering approached the CRA and expressed their interest in selling the Subject Property. Southern Engineering represented to the CRA that the lien issues have all been resolved and that the property was purchased by way of tax deed over four years ago so no quiet title is required and that they hold clear title. New title work will be ordered if the CRA Board approves the Purchase and Sales Agreement to verify that Southern E...
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