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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 DAVID NEWMAN ESTATE FOR THE PROPERTY AT 801 NW 18 AVENUE, POMPANO BEACH, FL 33069 IN THE AMOUNT OF $100,000.00; PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.
(Fiscal Impact: 100,000.00)
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(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 801 NW 18th Avenue, Pompano Beach, Florida 33069, further identified as Broward County Property Appraiser (“BCPA”) folio 484234040580 in the amount of $100,000.00.
The property is a 4,011 sq ft vacant lot, zoned RM-12, adjacent to vacant lots owned by the CRA and the City’s Office of Housing and Urban Improvement (OHUI). The property is being purchased to unify with the CRA’s landlocked lot (folio 484234040590) located directly west of the subject property to create a buildable lot.
Staff recommends approval of the contract for the CRA’s purchase of this property.
Origin of request for this action: Staff
Fiscal impact and source of funding: $100,000.00 NW CRA Land Acquisition 150-1910-539.65-09
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