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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ACCEPTING FENELLA PRINCE’S QUITCLAIM CONVEYANCE OF THE REAL PROPERTY LOCATED AT 433 NW 7TH AVENUE, POMPANO BEACH, FL, IN EXCHANGE FOR RELEASE OF TWO CODE ENFORCEMENT, FOUR UNSAFE STRUCTURE, AND THREE NUISANCE ABATEMENT LIENS; PROVIDING AN EFFECTIVE DATE
(Fiscal Impact: N/A)
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(Staff Contact: Suzette Sibble/Mark Korman)
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Summary Explanation/Background:
The City’s Office of Housing and Urban Improvement has expressed an interest in acquiring the property located at 433 NW 7th Avenue to construct affordable housing. The property owner has agreed to quitclaim convey the property to the City in exchange for the release of City liens described in City Attorney communication #2018-62, as attached. Although the property does have $634,000 in liens, it should be noted that only approximately $4,000 of this amount represents actual out of pocket costs to the City. The Broward property Appraiser is currently reporting a 2017 Just/Market value for the property of $22,520. Staff recommends approval of this item as it is in the best interest of the public to eliminate blight within our community, while simultaneously providing for affordable housing.
Origin of request for this action: Budget Office and OHUI
Fiscal impact and source of funding: N/A
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