Renovation of a hospitality development in Lake Wales, Florida. Working plans call for the renovation of a hospitality development.

As of September 13, 2022, project is on hold. No definite date for the rebid. This Memorandum of Understanding (“MOU”) is an agreement dated _______________, 2021 between the City of Lake Wales, a Florida municipal corporation (“City”), and the Lake Wales Community Redevelopment Agency, a body politic and corporate created by the City of Lake Wales for community redevelopment within certain designated community redevelopment districts (“CRA”), including the rehabilitation of distressed structures within those districts. 1. Purpose. The purpose of this MOU is to make available to the parties and the public a method by which distressed properties within the CRA districts of the City may be redeveloped or restored into productive structures, thereby enhancing the City’s tax base and contributing to the quality of life within the community. 2. Distressed Property (“Property”) is defined as all or part of a structure or building, located within a CRA district, exhibiting signs of significant physical distress, including uncovered or boarded door or window openings, overgrown or neglected vegetation, accumulations of trash, structural issues, signs of vandalism; and also if the structure or building lacks necessary repairs to the extent that the structure is detrimental to surrounding property values, a hazard to the health, safety or welfare of the general public, or has accumulated a collection of uncorrected violations of City code requirements resulting in City liens recorded in the Public Records constituting an encumbrance against the Property