CITY COUNCIL AGENDA ITEM
Memo Date: September 6, 2024
Agenda Date: September 10, 2024
Prepared By: Stockton Whitten, City Manager
Through:
Requested Action:
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Authorize the City Manager to publish RFP# P24-XX-COC, in accordance with the Community Redevelopment Act of 1969, to solicit proposals for the purchase and development of Affordable Housing within the Michael C. Blake Subdivision located in the Diamond Square Redevelopment Area.
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BACKGROUND:
This Request for Proposal ("RFP") is issued in accordance with the Community Redevelopment Act of 1969 (s. 163.330 - s. 163.463, Florida Statutes) and specifically related to the disposal of real property provisions set forth in Section 163.380, Florida Statutes.
The RFP (Exhibit A) invites developers and interested parties to submit a proposal to purchase all parcels within the subdivision and surrounding parcels. This RFP is substantially based on the RFP recently used by the Cocoa CRA for a different property located at 603 Brevard Avenue and the City for property located at 915 Florida Avenue should already be familiar to the City Council. The intent section of the RFP is outlined as generally as follows.
1. The City of Cocoa will sell the property identified in Exhibits "A" and "B" to develop, construct, and sell single family affordable housing units consistent with the CRA's and City's policies and objectives located within the Diamond Square Community Redevelopment Area in Cocoa, Florida.
2. The City of Cocoa is fee-title owner of the subject Property. The City intends to provide site control by fee-simple conveyance, subject to final approval by City Council. The Property will be sold to the successful developer pursuant to the terms and conditions of a Development Agreement. The Property will be sold on an "as-is" basis and conveyance will occur after site-plan approval.
3. The City is seeking proposals that offer the opportunity to develop the greatest number of affordable ho...
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