DIAMOND SQUARE REDEVELOPMENT AGENCY AGENDA ITEM
Memo Date: September 13, 2024
Agenda Date: September 16, 2024
Prepared By: Ryan Browne, Redevelopment Coordinator
Through: Stockton Whitten, City Manager
Requested Action:
title
Request Agency nominate an Agency Member to serve on the Evaluation Committee for the Request For Proposal (RFP) # P-25-02-COC, soliciting proposals for the purpose of purchasing and developing Affordable Housing within the Michael C. Blake Subdivision, located within the Diamond Square Community Redevelopment Area (CRA)...End
body
BACKGROUND:
The following is the language approved at the City Council on Tuesday, September 10, 2024:
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 Propert...
Click here for full text