SUBJECT/RECOMMENDATION:
Title
Declare as surplus for the purpose of donating to C.I.M.H.Z Management LLC., certain real property located at 1164 La Salle St, for the development of affordable housing; approve the agreement for transfer of real property; and authorize the appropriate officials to execute same together with all other instruments required to affect closing.
Body
SUMMARY:
The subject property located at 1164 La Salle St. is 0.130 acres and was purchased by the city from Clearwater Neighborhood Housing Services, Inc. The property has been identified by staff as surplus that would be suitable for the development of affordable housing.
The Pinellas County property appraiser has assigned a just market value of $67,806.00.
A notice of disposition of property was published on June 14, 2025. Respondents were given 30 days to submit a response to the public notice. One response was received within the designated timeframe from C.I.M.H.Z. Management LLC. The proposal includes the development of a single-family home targeted to households earning up to 120% of the Area Median Income (AMI), with a request for the donation of the subject property.
The Technical Review Committee evaluated and scored the proposal, ultimately providing a positive recommendation. Based on this recommendation, staff supports the donation of the property to C.I.M.H.Z. Management LLC, subject to a deed restriction for affordable housing use.
A Land Use Restriction Agreement (LURA) will be executed and recorded at closing, ensuring the property remains restricted for affordable housing purposes for a period of 15 years. C.I.M.H.Z. anticipates commencing vertical construction within six months of acquisition and completing the sale or lease of the home within 12 months.
APPROPRIATION CODE AND AMOUNT:
N/A
USE OF RESERVE FUNDS:
N/A
STRATEGIC PRIORITY:
Objective 2.4 - Supports equitable housing programs that promote household stability and reduces the incidence of homelessness within Clearwater.
