Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Redevelopment Property Sale topic
No spam. Unsubscribe anytime.
Arapahoe CRA approves property-sale resolution and accepts $1,000 purchase agreement for 811 7th St
Summary
The Community Redevelopment Authority approved Resolution No. 2024-21 authorizing sale of CRA-owned lots for redevelopment and accepted a $1,000 purchase agreement from R Perry Construction for the vacant lot at 811 7th St. The CRA authorized its chair to sign documents and adjourned at 7:38 p.m.
The Community Redevelopment Authority (CRA) of the City of Arapahoe on Aug. 20, 2024, approved Resolution No. 2024-21, authorizing the sale of CRA-owned property described in the resolution and empowering the CRA chair to execute a purchase agreement to implement the redevelopment plan.
The resolution text states the CRA owns LT 9 & 10 and the S30' of Lot 11, Block 33, Original Town Arapahoe, and cites the Nebraska Community Development Law (Neb. Rev. Stat. §§ 18-2101 to 18-2157) as authority to sell property for uses consistent with Redevelopment Area No. 2. The CRA said the buyer will rehabilitate the house at 508 5th St. and construct a building on 506 5th St. The resolution authorizes the chairperson to execute the Purchase Agreement on the CRA’s behalf.
Separately, CRA members considered a purchase agreement from R Perry Construction, Inc. to buy a vacant lot at 811 7th St for $1,000. CRA Member Carpenter moved to accept the purchase agreement, Member Kreutzer seconded, and the motion passed on a roll-call vote with ayes from Middagh, Polston, Kreutzer, tenBensel and Carpenter.
CRA Member Kreutzer then moved for passage of Resolution 2024-21; Member tenBensel seconded and the roll-call vote recorded ayes from Carpenter, Middagh, Polston (recorded in the minutes as “Poston”), Kreutzer and tenBensel. The chair declared the motion passed and the CRA meeting adjourned at 7:38 p.m.
The resolution materials included the CRA’s findings that the sale price and the buyer’s construction obligations are consistent with the Redevelopment Plan and the statutory factors the CRA must consider when determining fair value. The minutes identify Ryan & Sheila Webb as the Buyer in the resolution language; the minutes also reference Community Capital Partners and R Perry Construction in separate purchase-agreement motions. The minutes therefore record multiple purchaser names tied to different motions; the CRA did not record additional clarifying detail in the meeting minutes about which motion corresponded to which parcel beyond what is shown in the resolution text and the motion captions.
Next steps recorded in the minutes: the CRA chair was authorized to execute the Purchase Agreement and take actions necessary to effectuate the sale. No implementation schedule or deed-execution dates were recorded in the minutes.
