8.b.
FPRA Regular Meeting
- Meeting Date:
- 11/14/2023
- Re
- 424 & 426 Douglas Court - Surplus Property Development Agreement
- Submitted For:
- Shyanne Harnage
SUBJECT:
FPRA Resolution 23-06 authorizing the execution of the sale and development agreement for 424 & 426 Douglas Court.
SUMMARY:
The Fort Pierce Redevelopment Agency (FPRA) is the owner of real property located at 424 & 426 Douglas Court, identified by Parcel IDs: 2409-501-0199-000-0 & 2409-501-0200-000-1, with a legal description of:LINCOLN PARK NO 2 BLK 7 LOT 7 (OR 2760-656, 660) & LINCOLN PARK NO 2 BLK 7 LOT 8 (OR 2730-2508). The property was declared surplus by the FPRA on April 18, 2016. FPRA Board awarded the property April 11, 2023, to Eastern Capital Investments, LLC for the development a 3 bedroom 2 bath home on each lot. The purchase price for both parcels is $10,000.
RECOMMENDATION:
Staff recommends approval to execute the Surplus Property Development Agreement for 424 & 426 Douglas Court
ALTERNATIVES:
Staff shall proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Miriam Garcia, Redevelopment Specialist
Shyanne Harnage, Economic Development Manager
Shyanne Harnage, Economic Development Manager
COORDINATED WITH:
Sara Hedges, City Attorney
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2023
- Account:
- N/A
- Amount:
- 10,000
OTHER INFORMATION:
Purchase price $10,000
Attachments
- Resolution 23-06
- RLS Memo
- 424 Douglas Court Sale Agreement
- 426 Douglas Court Sale Agreement
- 426 Sale Agreement Signed
- 424 Douglas Sale Agreement Signed