Summary:
In an effort to fulfill a long-time City and CRA goal of increasing availability of high-quality mixed-income housing in Parramore, in November, 2015, the City and CRA issued a notice of invitation for proposals for the development of mixed-income housing on approximately 6.06 acres of CRA/City owned property. The property is located on the northwest, southwest and southeast corners of Parramore Avenue and Conley Street. Six proposals were received on December 4, 2015. Over the next several months, the selection committee, consisting of Thomas Chatmon, Walter Hawkins, Oren Henry, Laurie Botts, and Paul Lewis, met several times to discuss the proposals, hold presentations from the top four teams and narrow the selection to the top ranked firm. At its final meeting, on April 7, 2016, the Selection Committee ranked the team of InVictus Development, LLC ‘s proposal to build a 211 unit project with a mix of two and four story buildings blending apartments and townhomes and affordable, market-rate and permanent supportive housing, as its top-ranked development proposal. In addition to bringing new residents to the Parramore area, this project will begin to fulfill the additional CRA and City goal of making housing available to those wishing to remain in or return to the Parramore neighborhood. The Selection Committee ranked the proposal of Orlando Neighborhood Improvement Corporation, Inc. second.
On April 27, 2016 the CRA Advisory Board recommended the CRA authorize staff to negotiate a contract for sale and purchase and developer’s agreement with InVictus Development, LLC and should such negotiations be unsuccessful, authorize staff to enter into negotiations with Orlando Neighborhood Improvement Corporation, Inc.
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Recommended Action:
Approval and authorization for the Real Estate Division Manager to negotiate a Contract for Sale and Purchase and Developer’s Agreement, for the City owned property, with InVictus Development, LLC and should such negotiations be unsuccessful, authorize the Real Estate Division Manager to enter into negotiations with Orlando Neighborhood Improvement Corporation, Inc. Following negotiations, the finalized agreements will be presented to City Council and CRA for final approval.
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