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Contract for Sale and Purchase of Real Estate With Antonio J. Cancelli-Patrick for Property Located on Leonard Street for Affordable/Workforce Housing (Key #11310)
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BRIEF OVERVIEW
Parcel Key 11310 is a 7,000 square foot parcel located on Leonard Street owned by Antonio J. Cancelli-Patrick. In purchasing this property on Leonard Street, Hernando County may utilize it for Affordable/Workforce Housing. Hernando County recognizes the importance of providing Affordable/Workforce Housing as it is crucial for attracting and retaining a skilled workforce. Additionally, the Live Local Act of Florida mandates that counties take proactive measures to address housing affordability issues. By purchasing this property, Hernando County demonstrates its commitment to complying with state legislation and fulfilling its obligations to promote housing affordability.
The parcel is described as follows:
Lot 34, Block 2, Brooksville Manor, according to the Plat thereof as recorded in Plat Book 4, Page 16, of the Public Records of Hernando County, Florida.
Parcel Identification Number: R26 122 19 0070 0020 0340
Parcel Key Number: 11310
Staff negotiated a contract to purchase the vacant parcel on Leonard Street for $14,300.00 and recommends that the purchase be approved.
Department of Housing and Urban Development (HUD) - Community Development Block Grant (CDBG) Entitlement Program grant funds are being used for this purchase.
STRATEGIC PLAN INITIATIVES
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FINANCIAL IMPACT
Funds for this acquisition are available in the following:
Expense:
Fund: BCC-GENERAL FUND - B001, Department: HEALTH & HUMAN SERVICES - 150, Group: HHS CDBG ENTITLEMENT 24/25 30171, Account: OPERATING-OTHER SERVICES - 533400
LEGAL NOTE
The Board is authorized to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended the Board approve and authorize the Chairman’s signature on the attached Contract for Purchase and Sale of Real Estate and authorize the County Attorney’s Office to sign the necessary documents on behalf of the County to close this transaction.