Real Estate, Property Negotiation and Acquisition Services – Lake Worth Community Redevelopment Agency
The purpose of this Request for Qualifications (RFQ) is to solicit qualifications to hire an experienced firm or consultant(s) for the purpose of acting as the CRA’s buyer’s agent in the negotiation, acquisition and conveyance/ disposal of real property. The CRA is interested in purchasing properties in the District to assist with Redevelopment efforts. Parcels may be purchased as part of an assemblage, for City/ CRA purposes or to incentivize development.
The funding source for acquisitions will primarily be from a recently obtained CRA line of credit. The selected firm will enter into a one year agreement with the CRA with an option to renew for additional years.
Scope of Work
The individual or firm selected to act as the CRA’s agent will be responsible for all aspects of property purchases and eventual conveyance, including but not limited to:
- Research regarding commercial real estate opportunities as requested by Staff
- Due diligence on properties for consideration including coordination with the Palm Beach County Tax Collectors Office
- Property appraisals and surveys
- Property sale negotiation and acquisition
- All aspects of closing and recording
- Related services that the CRA may request once agreed upon by both parties.
The Lake Worth CRA is a quasi-public agency governed by a seven (7) member Board of Commissioners who are appointed by the City Commission. Their role is to direct CRA activities in accordance with the approved Lake Worth Redevelopment Plan and approve expenditures for projects. Revenue is generated for CRA projects through Tax Increment Financing.
The Lake Worth CRA engages in various programs and projects to accomplish its goal to redevelop its commercial and residential areas. Activities include capital improvement projects such as infrastructure, streetscape and parking, economic development, housing and other community improvement projects.
All responses must be delivered or mailed to:
Lake Worth Community Redevelopment Agency
29 South “J” Street
Lake Worth, FL 33460
Attn: Chris Dabros
To view the full RFQ, click here.click here.