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File #: LBA Res 15, Series 2020    Version: 1 Name:
Type: VAPStat Case Status: Landbank
File created: 1/31/2020 In control: VAPStat Joint Meeting
On agenda: 2/10/2020 Final action:
Title: Location: 2533 Elliott Avenue 40211 Parcel ID: 001G-0133-0000 Requestor: Office of Community Development Staff Project Type: Private Acquisition Request Seller: Link Real Estate Management, LLC Purchase Price: $38,000.00 PVA Value: $47,150.00 Case Manager: Linette Huelsman Summary: Staff is recommending approval to purchase the above parcel for the purchase price of $38,000.00 to enhance the redevelopment efforts taking place on the 2400-2500 blocks of Elliott Avenue The purchase will be contingent upon acceptable structural inspections and an appraised value that is comparable to the purchase price. Once acquired, the parcel will be sold through a Solicitation of Interest that involves various LBA acquisitions on Elliott Avenue.
Attachments: 1. Resolution No. 15 Series 2020 - Private Acq 2533 Elliott Ave.pdf
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Title

Location:

2533 Elliott Avenue 40211

Parcel ID:

001G-0133-0000

Requestor:

Office of Community Development Staff

Project Type:

Private Acquisition Request

Seller:

Link Real Estate Management, LLC

Purchase Price:

$38,000.00

PVA Value:

$47,150.00

Case Manager:

Linette Huelsman

Summary:

Staff is recommending approval to purchase the above parcel for the purchase price of $38,000.00 to enhance the redevelopment efforts taking place on the 2400-2500 blocks of Elliott Avenue  The purchase will be contingent upon acceptable structural inspections and an appraised value that is comparable to the purchase price.  Once acquired, the parcel will be sold through a Solicitation of Interest that involves various LBA acquisitions on Elliott Avenue.