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Commission approves CRA purchase of 0.3‑acre downtown parcel for parking and future redevelopment
Summary
The commission approved a $575,000 budget amendment and purchase through the Sanford Community Redevelopment Agency (CRA) to acquire two contiguous parcels (about 0.3 acres) at Second Street and Magnolia Avenue for public parking and to preserve redevelopment options before the CRA sunsets Dec. 31, 2025.
The Sanford City Commission on Aug. 25 approved a CRA purchase and related budget amendment to acquire two contiguous parcels at the southwest corner of Second Street and Magnolia Avenue for a combined acquisition and due diligence cost estimated at $575,000.
Pamela Lynch, CRA executive director and economic development project manager, told commissioners the two parcels total approximately 0.3 acres. The purchase price quoted in staff materials was…
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