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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA), APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE A CONTRACT FOR SALE AND PURCHASE BETWEEN THE CRA AND NAVA BROOKS, CYNTHIA LEWIS, LUCILLE KING, GREGORY B. KING AND WALLACE S. KING FOR THE PROPERTY AT 1651 NW 15 AVENUE, POMPANO BEACH, FL 33069 IN THE AMOUNT OF $250,000.00; PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.
(Fiscal Impact: $250,000.00)
staffcontact
(Staff Contact: Cassandra LeMasurier)
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Summary Explanation/Background:
Staff is seeking approval from the CRA Board for the purchase of property located at 1651 NW 15 Ave., Pompano Beach, Florida 33069, further identified as Broward County Property Appraiser (“BCPA”) folio 484227000487 in the amount of $250,000. The property is located in the Coral Highlands neighborhood, directly north of Markham Elementary School and west of N Andrews Avenue. The property will be part of an assembly in this neighborhood consisting of five (5) other parcels owned by the CRA.
The property is a 23,087 square foot (.53 acre) vacant lot, zoned RM-12 Multiple-Family Residence. Similar to other vacant lots in the Coral Highlands neighborhood where this property is located, this lot not developable as legal access to these lots have not been granted by adjacent property owners (i.e. right-of-way dedications for a public road). It is the CRA’s intent to acquire this lot in an effort to help stabilize the neighborhood and eventually improve this area.
The owners listed the property for sale on the MLS March 2025 for $425,000, with a price reduction to $399,850 on May 28, 2025 and an additional price reduction to $349,900 on June 10, 2025. The listing agent contacted the CRA, as an adjacent property owner, June 25, 2025 to inquire if the CRA would have an interest in purchasing the property. The purchase price of $250,000 is approximately $11.00 per square foot, which is below surrounding comparable sales prices. The BCPA 2025 Just/Market Value is $277,040.
The Northwest CRA Advisory Committee reviewed the request on September 9, 2025 and recommended approval with a unanimous vote of 7 – 0.
Origin of request for this action: Staff
Fiscal impact and source of funding: $250,000 NW CRA Land Acquisition 150-1910-539.65-09