24-001 Purchase and Sale Contract - 116 Quail Pond Circle

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RESOLUTION 24-001 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CASSELBERRY, FLORIDA, MAKING FINDINGS; AUTHORIZING THE CHAIRMAN TO EXECUTE A PURCHASE AND SALE CONTRACT FOR THE PROPERTY LOCATED AT 116 QUAIL POND CIRCLE; PROVIDING FOR CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE. WHEREAS, the City of Casselberry and the Casselberry Community Redevelopment Agency (CRA) adopted a Redevelopment Plan in 1995, which was updated in 2006, 2014 and 2016; and WHEREAS, the CRA has been working diligently toward the goal of bringing the adopted Redevelopment Plan, as amended, to reality; and WHEREAS, the CRA's goal, as expressed in the Redevelopment Plan, is to revitalize the Community Redevelopment District corridor along U.S. Highway 17-92 and a portion of S.R. 436, recognizing that revitalization occurs through the aggregation of properties for unified development, demolition of blighted and under-utilized structures, and construction of infrastructure improvements; and WHEREAS, one of the specific goals of the CRA, as expressed in the Redevelopment Plan, includes the acquisition of real property located around Quail Pond Circle for the purpose of expanding the existing Lake Concord Park; and WHEREAS, Fla. Stat. § 163.370 allows a Community Redevelopment Agency to purchase real property located in a Community Redevelopment District for redevelopment purposes, if the purchase is in accordance with the CRA Redevelopment Plan; and WHEREAS, Valarie and Bradly Hagman ("Sellers") have offered to sell the property located at 116 Quail Pond Circle, Casselberry, Florida, as more thoroughly described in Exhibit "A" ("Property") for $475,000.00 (the "Contract"); and WHEREAS, the CRA finds that the Contract price is fair due to the strategic location of the Property for aggregation purposes, and to extend the existing Lake Concord Park to the north and east of City Hall; and WHEREAS, this purchase is consistent with the CRA Redevelopment Plan, will further the goals of the Redevelopment Plan and hasten the development and promotion of the Community Redevelopment District; and WHEREAS, the redevelopment of the Property will foster public and private development of a highly compact and integrated urban center, and will encourage maximum social and Resolution No. 24- 001 Page 1