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Daytona Beach CRA approves purchase of 125 Vermont Avenue for $250,000
Summary
The CRA approved using South Atlantic Redevelopment Area Trust Fund money to buy 125 Vermont Avenue from Daytona Lease LLC for $250,000 plus up to $15,000 in closing costs; a public commenter urged the commission to consider using vacant property to ease a long-running traffic bottleneck and asked whether a plan for the parcel exists.
The Daytona Beach Community Redevelopment Agency on April 16 approved the purchase of a single parcel at 125 Vermont Avenue for $250,000 plus up to $15,000 in associated closing costs.
The resolution authorizes use of funds from the South Atlantic Redevelopment Area Trust Fund to buy the parcel from Daytona Lease LLC under the terms of an as-is…
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