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Commission discusses potential buys on State Road 7 and 80th Avenue parcels; staff to prepare offer letter and follow-up appraisal work
Summary
Commissioners discussed two potential land purchases — a State Road 7 parcel owned by First Haitian Baptist Church and a 3.49-acre parcel at 840 Southwest 80th Avenue — and gave staff direction to prepare a written offer (around $1.9 million) for the church parcel and to continue due diligence for the larger 840 property.
On March 13 the North Lauderdale Commission discussed two potential property acquisitions: a State Road 7 parcel offered by First Haitian Baptist Church and a 3.49-acre site at 840 Southwest 80th Avenue. Commissioners stopped short of a final purchase vote but gave staff direction on next steps.
For the State Road 7 parcel, the seller's asking price was cited at $2.1 million but appraisals averaged about $1.809 million. Commissioners directed staff to submit a written offer around $1.9 million and to follow the normal contract and environmental-review process if the seller is willing to negotiate. Staff said a purchase contract would include typical environmental contingencies and that any agreed price above the average appraisal could require an extraordinary (four-fifths) commission vote under city policy.
On the 840 Southwest 80th Avenue site, staff presented two appraisals of the land-only value (the city requested land-only appraisals): $3.8 million and $5.476 million (average about $4.64 million). The seller's asking price was $7 million. Commissioners expressed concerns about unpaid property taxes on the site and a balloon mortgage coming due in July 2025 that could complicate a purchase. Commissioners asked staff to continue due diligence and to return with further analysis rather than make an immediate decision.
Commissioners and staff discussed redevelopment potential and whether conversion of an existing multi-floor building on the 840 property into residential units would be feasible and cost-effective. Staff advised that a developer study and environmental work would be required and that state procurement rules would govern contracting with architects or engineers for that work.
No purchase contract was approved at the meeting. Staff will prepare a written offer for the church site (around $1.9 million) pending seller response and will continue appraisal, environmental and financial due diligence on the 840 Avenue property before bringing a formal purchase contract to the commission.
