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CRA approves purchase of vacant parcel at 133 North Helm Place
Summary
The Daytona Beach CRA authorized spending up to $35,000 plus estimated $8,000 in closing costs to buy a vacant Midtown parcel; a resident urged the agency to acquire other small properties to enable future development.
The Daytona Beach Community Redevelopment Agency on March 19 approved a resolution to purchase a vacant parcel at 133 North Helm Place, authorizing up to $35,000 in tax increment funds plus estimated closing costs of $8,000 from the GPM 2023 Midtown CRA loan, and providing an effective date. The vote was 7-0.
Resident John Nicholson spoke in favor of the acquisition and urged the CRA to pursue additional small parcel purchases to assemble properties for future development, saying such purchases could enable projects downtown and on the Boardwalk. "I'm asking you to acquire any of those small little properties," Nicholson said, listing several sites he believes could be useful for development, including a parking-lot parcel near the Hilton and a Boardwalk parcel formerly owned by Anderson.
Commissioner Reid moved the resolution and Commissioner May seconded. The motion carried 7-0.
Staff did not present other conditions or amendments at the meeting. Nicholson also reiterated support for financing land purchases using CRA loan funds where appropriate.
