8.b.
FPRA Regular Meeting - 5:05 p.m.
- Meeting Date:
- 04/09/2024
- Re
- Progression Properties LLC redevelopment update (1409 Ave J & 2002 Ave M)
- Submitted For:
- Nick Mimms
SUBJECT:
Progression Properties LLC redevelopment update (1409 Ave J & 2002 Ave M)
SUMMARY:
FPRA owned surplus property located at 1409 Avenue J was sold to Progression Properties, LLC for $6,200 on November 30, 2021, with a deed restriction indicating that the grantee was required to commence the improvements within 18 months (May 30, 2023).
The FPRA Board, at their meeting on June 13, 2023, approved the request to allow an additional 150 days to commence the construction. The new deadline was November 10, 2023. This deadline was not met, and the property owner requested an additional extension.
On November 14, 2023, the FPRA Board granted a subsequent 120-day extension with the condition that the construction must be commenced, and a building permit issued by March 14, 2024. These requirements were not met as of March 14, 2024.
FPRA owned surplus property located at 2002 Avenue M was sold to Progression Properties, LLC for $4,800 on November 30, 2021, with a deed restriction indicating that the grantee was required to commence the improvements within 18 months (May 30, 2023).
The FPRA Board, at their meeting on June 13, 2023, approved the request to allow an additional 150 days to commence the construction. The new deadline was November 10, 2023. This deadline was not met, and the property owner requested an additional extension.
On November 14, 2023, the FPRA Board granted a subsequent 120-day extension with the condition that the construction must be commenced, and a building permit issued by March 14, 2024. These requirements were not met.
The FPRA Board, at their meeting on June 13, 2023, approved the request to allow an additional 150 days to commence the construction. The new deadline was November 10, 2023. This deadline was not met, and the property owner requested an additional extension.
On November 14, 2023, the FPRA Board granted a subsequent 120-day extension with the condition that the construction must be commenced, and a building permit issued by March 14, 2024. These requirements were not met as of March 14, 2024.
FPRA owned surplus property located at 2002 Avenue M was sold to Progression Properties, LLC for $4,800 on November 30, 2021, with a deed restriction indicating that the grantee was required to commence the improvements within 18 months (May 30, 2023).
The FPRA Board, at their meeting on June 13, 2023, approved the request to allow an additional 150 days to commence the construction. The new deadline was November 10, 2023. This deadline was not met, and the property owner requested an additional extension.
On November 14, 2023, the FPRA Board granted a subsequent 120-day extension with the condition that the construction must be commenced, and a building permit issued by March 14, 2024. These requirements were not met.
RECOMMENDATION:
Staff will proceed as directed by the FPRA Board.
ALTERNATIVES:
Staff will proceed as directed by the FPRA Board.
RESPONSIBLE STAFF:
Miriam Garcia, Redevelopment Specialist
COORDINATED WITH:
Sara Hedges, City Attorney
Fiscal Impact
- Budgeted Y/N:
- N
- Fiscal Year:
- 2024
- Account:
- N/A
- Amount:
- 0
OTHER INFORMATION:
N/A
Attachments
- Progression Properties Submittal
- 1409 Avenue J Deed
- 1409 Ave J Extension Letter 6/2023
- 1409 Ave J Extension Letter 11/2023
- 1409 Ave J Photos 3.14.24
- Building Permit Status 3.14.24
- 1409 Ave J Photos 4.4.24
- 1409 Ave J Photos 4.9.24
- 2002 Avenue M Deed
- 2002 Ave M Extension Letter 6/2023
- 2002 Ave M Extension Letter 11/2023
- 2002 Avenue M Photos 3.14.24
- 2002 Ave M Bldg Permit Status 3.14.24
- 2002 Ave M City Attorney Memo re Code Violation
- 2002 Ave M Photos 4.4.24
- 2002 Ave M Photos 4.9.24