Description
Title: RESOLUTION 2026-02 - APPROVAL OF A PURCHASE AND SALE AGREEMENT WITH HARRY B. HAGWOOD, TRUSTEE, FOR THE PURCHASE OF PARCELS ABUTTING TO 121 NW 11th AVENUE, 115 NW 11th AVENUE, 1119 NW 1st STREET, 1105 NW 1st STREET, AND 111 NW 11th AVENUE IN AN AMOUNT NOT TO EXCEED $115,000.
Summary
The City of Delray Beach's Community Redevelopment Agency (CRA) proposes a resolution to approve a Purchase and Sale Agreement for the acquisition of five parcels of land located near 121 NW 11th Avenue for a total cost not exceeding $115,000. The purpose of this acquisition is twofold: to create two workforce housing lots aimed at developing affordable single-family homes and to facilitate the demolition of a dilapidated structure posing safety hazards. This initiative aligns with the CRA's objectives to eliminate slum conditions and promote neighborhood revitalization. The transaction requires approval from the CRA Board and is supported by allocated funding from the CRA Redevelopment Plan, emphasizing economic development and affordable housing.