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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 KENNY DAVIS CONTRACTING, LLC, RELATING TO ONE (1) VACANT INFILL HOUSING PARCEL, LOCATED AT 2010 NW 9TH STREET IN THE NORTHWEST CRA DISTRICT; AFTER NOTICE PURSUANT TO SECTION 163.380(3)(a), FLORIDA STATUTES; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Nguyen Tran)
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Summary Explanation/Background:
On December 21, 2019, the Pompano Beach CRA received an unsolicited proposal from Kenny Davis Contracting, LLC to construct a single family home on a CRA-owned infill housing lot located at 2010 NW 9th street. The proposal, went before the Northwest CRA Advisory Committee on January 6, 2020, and the CRA Board on January 23, 2020, at which point staff was authorized to negotiate a Property Disposition and Development Agreement with Kenny Davis Contracting, LLC. The new home by Kenny Davis Contracting, is a standard concrete block construction (CBS), four (4) bedroom, (2) bathroom and a two (2) car garage home. The home will consist of 1,496 sq. ft. of air conditioned space and be priced to sell to person(s) or families earning up to 120% of Area Median Income (AMI) for Broward County.
Origin of request for this action: Staff
Fiscal impact and source of funding: N/A
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