1000 Lake AvenueThe CRA has all sorts of exciting things happening now. First was the $23 million neighborhood stabilization grant through HUD. This will be such a positive effect on the City of Lake Worth as these monies are expended for demolition and rehabilitation in our CRA district. We were one of 60 grantees across the country.
Now the CRA has the opportunity to purchase the above property that is adjacent to City Hall. Over the next four years, it will be paying $850,000 in lease payments to the owner. It will be spending another $345,000 in the rehab of this historical structure.
The Contract for Sale (Exhibit B) was not in the back-up only the Lease agreement. Perhaps that was page 9 that was missing. Come to City Hall tomorrow night at 6pm and hear why this purchase is recommended.
Also, Mark Parrilla will be giving a presentation on solar energy which he recently installed at his home.
Now the CRA has the opportunity to purchase the above property that is adjacent to City Hall. Over the next four years, it will be paying $850,000 in lease payments to the owner. It will be spending another $345,000 in the rehab of this historical structure.
The Contract for Sale (Exhibit B) was not in the back-up only the Lease agreement. Perhaps that was page 9 that was missing. Come to City Hall tomorrow night at 6pm and hear why this purchase is recommended.
Also, Mark Parrilla will be giving a presentation on solar energy which he recently installed at his home.
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