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Del City EDA approves small property purchase, sale of commercial lot
Summary
DCEDA authorized purchasing 1101 South Sydney Lane for up to $15,000 to address abatement issues and improve the site (floodway constraints noted) and approved sale of 3232 Southeast 15th for $53,000 with closing costs split between buyer and seller.
DCEDA trustees approved the purchase of 1101 South Sydney Lane for an amount not to exceed $15,000, describing the acquisition as an opportunity to remediate long-standing abatement issues and to remove an old cigarette sign; staff noted the parcel lies in a floodway, which limits building options.
The authority also approved the sale of 3232 Southeast 15th for $53,000 with closing costs split; staff said the property is condemned but the buyer may seek redevelopment under zoning and property-maintenance requirements. Motions for both actions were approved by roll call votes.
