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A RESOLUTION OF THE POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY (CRA), APPROVING AND AUTHORIZING THE PROPER OFFICIALS TO EXECUTE A PROPERTY DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CRA AND PARRISH & ASSOCIATES, LLC RELATING TO ONE (1) VACANT CRA OWNED PARCEL OF LAND LOCATED AT 300 NW 27TH AVENUE TO BE DEVELOPED AS FOUR TOWNHOMES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: $220,000 Revenue from sale of property)
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(Staff Contact: Cassandra LeMasurier)
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Summary Explanation/Background:
The CRA Board approved acceptance of an unsolicited proposal from Parrish & Associates, LLC at the February 17, 2026 for the construction of four (4) townhomes on the CRA’s 9,018 sq. ft. vacant lot located at 300 NW 27th Avenue (folio 484233041890) and authorized staff to negotiate a Property Disposition and Development Agreement.
The Agreement requires Parrish & Associates, LLC to construct four (4) townhomes; each townhome will include 3-bedrooms, 3 full bathrooms, one half bathroom and a 1-car garage totaling 2,006 sq. ft. with 1,705 sq. ft. of air-conditioned living space for their pre-qualified buyers and purchase the CRA’s lot for $220,000. The current Broward County Property Appraiser market value of the lot is $180,360.
The Declaration of Covenants and Restrictions requires each townhome be owner occupied for a period of five (5) years. The Agreement for Re-conveyance of Property will be pursued in the event that the Developer fails to construct the townhomes within twenty-four (24) months of the effective date of the Agreement.
Origin of request for this action: Staff
Fiscal impact and source of funding: $220,000 Revenue from Sale of Property
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