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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 POMPANO BEACH COMMUNITY REDEVELOPMENT AGENCY AND KENT AND GLENDA EDWARDS FOR THE PURCHASE OF PROPERTY AT 1560 NW 16 AVENUE; PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES.
(Fiscal Impact: $22,540.00)
staffcontact
(Staff Contact: Nguyen Tran)
summary
Summary Explanation/Background:
The property owners Kent and Glenda Edwards have indicated their desire to sell the Property located at 1560 NW 16 Avenue, Pompano Beach, FL 33069, further identified as Broward County Property Appraiser (BCPA) folio 4842 27 00 0506, to the Pompano Beach Community Redevelopment Agency (CRA) for a purchase price of $22,540.00. The property is a 10,018 square foot vacant property, zoned RM-12 Multiple-Family Residence. The CRA owns the properties directly north and south of this Property. Similar to other vacant lots in the Coral Highlands neighborhood where this Property is located, it has approximately 4-8 feet of accumulated fill and debris on it from trespassers dumping in the area. The CRA intends to enter into a Contract for Sale and Purchase to acquire this property in the neighborhood and after land assembly is complete, commence with remediation of these lots. As previously mentioned before, these lots are 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). In addition, the lots in this area are constantly changing ownership via tax deed sales. It is the CRA's intent to acquire this lot in an effort to help stabilize the neighborhood and eventually improve this area. The Northwest CRA Advisory Committee reviewed the request on June 3, 2019 and recommended Approval with a vote of 4-0 (Thomas and Smith Absent).
Origin of request for this action: Staff
Fiscal impact and source of funding: Prope...
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