LEGISLATIVE ACTION ITEM
SPONSOR: Grover C. Robinson, IV, Mayor
SUBJECT:
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DISPOSITION OF REAL PROPERTY - 100 BLK EAST JORDAN STREET
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RECOMMENDATION:
recommendation
That City Council approve the disposition of real property located at 100 Blk East Jordan Street (Parcel Ref. No. 000S009010170127) by direct conveyance to the Escambia County Housing Finance Authority (ECHFA), per the terms of their Interlocal Agreement for Urban Infill Housing Development Initiatives with the City of Pensacola. Further, that City Council authorize the Mayor to take all actions necessary to execute any contracts or related documents in the disposition of the property.
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HEARING REQUIRED: No Hearing Required
SUMMARY:
The real property located at 100 Blk East Jordan Street is approximately 0.1050 acres and zoned R-1AA. The unimproved parcel is denoted as vacant residential. City Council approved the declaration of the property as surplus on September 10, 2020, and its disposition via direct negotiation with Escambia County Housing Finance Authority.
Escambia County Housing Finance Authority, a not-for-profit affordable housing provider, expressed an interest in acquiring this parcel to develop affordable housing. The City of Pensacola and ECHFA entered into an Interlocal Agreement for Urban Infill Housing Development Initiatives to develop such housing.
Per Council policy, an appraisal was obtained, and notices were mailed on October 26, 2020, to property owners within the subject property's 300-ft radius. Fruitticher-Lowery Appraisal Group appraised the parcel with a value of $8,650. This action will contribute to the City’s goal of 500 affordable housing units in 5 Years.
PRIOR ACTION:
November 3, 2017 - City Council approved the Interlocal Agreement for Urban Infill Housing Development Initiatives with ECHFA.
September 10, 2020 - City Council approved the declaration and disposition of the real property located at 100 Blk East Jordan Street.
FUNDING:
N/A
FINANCIAL IMPACT:
The City will benefit from tax revenue generated as a result of returning this parcel to the tax roll.
CITY ATTORNEY REVIEW: Yes
10/22/2020
STAFF CONTACT:
Keith Wilkins, City Administrator
Kerrith Fiddler, Deputy City Administrator - Community Development
Marcie Whitaker, Housing Director
ATTACHMENTS:
1) Council Action Approving Surplus - 09-10-2020
2) Appraisal - 100 Blk E Jordan St
3) 100 Blk E Jordan St - Aerial from PA website
4) Interlocal Agreement with ECHFA
5) Letter of Interest from ECHFA
PRESENTATION: No end