PLACEMENT: Departmental
TITLE:
title
APPROVAL OF AWARD AND DEVELOPMENT AGREEMENT BETWEEN MARTIN COUNTY AND EAST TO WEST DEVELOPMENT CORPORATION FOR EIGHT VACANT LOTS IN THE PORT SALERNO COMMUNITY REDEVELOPMENT AREA (CRA)
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EXECUTIVE SUMMARY:
executive summary
Through the RFP process, East to West Development Corporation (Developer) was recommended for award of eight vacant lots in the Port Salerno CRA (Property), upon which Developer will construct four single-family homes. The homes will be marketed and sold as affordable housing to income-eligible buyers. The Developer has executed a Purchase, Sale and Development Agreement (Agreement), which is presented to the Board for consideration.
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DEPARTMENT: Administration
PREPARED BY: Name: Susan Kores
Title: Manager, Office of Community Development
REQUESTED BY:
PRESET:
PROCEDURES: None
BACKGROUND/RELATED STRATEGIC GOAL:
On January 12, 2021, the Board of County Commissioners removed certain properties, (including the Property and 10 lots on Hawthorne Street in the Golden Gate CRA), from the Affordable Housing Inventory List. Consistent with that decision and prior Board direction, a Request for Proposal (RFP) was prepared and distributed, which sought proposals from organizations for the development of the Property as affordable housing, with the intent of transferring the Property to the organization(s) for such development.
Two proposals were received: one from Port Salerno Affordable, LLC and one from Developer. A selection committee made up of county staff, community members, Neighborhood Advisory Committee members and Affordable Housing Advisory Committee members convened to evaluate the proposals based on a specific set of criteria. Developer was recommended for the award.
The requirements of the RFP will be implemented through the proposed Purchase, Sale and Development Agreement for Port Salerno Affordable Housing (Agreement). Pursuant to the Agreement, Developer will...
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