Fort Walton Beach Ordinance — 1695 purchase real property 106 McGriff — reading text

READING DATE o o 1st 2nd ORDINANCE 1695 AN ORDINANCE OF THE CITY OF FORT WALTON BEACH AUTHORIZING THE PURCHASE OF REAL PROPERTY SITUATED AT 106 MCGRIFF STREET NE, FORT WALTON BEACH, FLORIDA; PROVIDING AUTHORITY AND CITY COUNCIL APPROVAL OF THE CONTRACT FOR SALE AND CONVEYANCE OF THE PROPERTY FROM EVELYN GRACE PRITCHARD, fka EVELYN GRACE SADLER TO THE CITY OF FORT WALTON BEACH; AUTHORIZING AND DIRECTING CLOSING BY THE MAYOR AND CITY CLERK; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: SECTION I. AUTHORITY. The authority for this Ordinance is Section 166.021, Florida Statutes. SECTION II. FINDINGS OF FACT. The City Council has previously determined that it is in the best interests and welfare of the citizens of the City that the real property situated at 106 McGriff Street NE, Fort Walton Beach, Florida, be purchased for use by the City. SECTION III. REAL PROPERTY PURCHASE APPROVAL. The Contract for Sale of Real Property between the City and Evelyn Grace Pritchard, tka Evelyn Grace Sadler a copy of which is attached as Exhibit A, for the real property described as Lot 4, Block 8, Oak Ridge Addition, according to the plat thereof recorded in Plat Book 1, Page 89, Fort Walton Beach, Okaloosa County, Florida, is approved. Acceptance of the land as is by the City pursuant to the Contract for Sale is authorized. The Mayor and City Clerk are authorized to execute and deliver such deed and other documents as are necessary to close the sale. SECTION IV. EFFECTIVE DATE. This Ordinance shall take effect immediately upon approval by Council and signature by the Mayor. ADOPTED: 3,~~""O(, MAYOR: ~ ~ Mike Anderson g;]{= Ci~ CY' City Attorney q~  CONTRACT FOR SALE OF RIW.PROPERTY JaJ ~ II ~ [ 1- This agreement is made at Fort Walton Beach, Okaloosa ; , Florida, on Oounty 2008 by CIty of Fort Wslton Beach. florida, e munICipal corpoRltlol1, WIth lIS principal ~ at 107 MI.-aCle StrIp Parkway. Fort Walton Besch, Flortde 32548, and its mailing address at Post Office Box 4009. Fort walton Beach, FL32549-4009. " Purchaser," and Evelyn Grace PrItChard, fka &81yn Grace Sadler 0' PO Box 644, Shallmer, FIortaa 32579. -seller." Seiter Is Ute owner of the real ~ 1.. situated at 106 McGtiff street NE. Fort warton BeaCh, FL 32548,and more paJtfcularly described as lot 4. BloCk 8, 08krldge Addttton, according to the plat thereof recorded In Plat BooIC 1.Page 89 The real property con9l81S of en irnproved parcel thlt Is currently zoned as Mucc.l, Mixed U!Je CDmmercla11. - Property." eommu..~ 2. Seller deSires to sell and Pun: h.- r desires to buy property, for the purchfJS8 pt1ce and on the herein set forth. terms and conditions herein set forth. I" eonsideration of the mutual and reciprocal promISeS the panles agree: SECTION I. PURCHASE PRICE AND TERMS OF PAYMENT. The purchase Pf'1ce for the property Is $ 150,000, payable In fUll on the date of dOSIng. oIdr of all SECTION II. TITlE.Title to the property to be comeyed by seller shan be good and marketable title, covenants and liens. encumbrances.defecIs,leases and other tights of possessIOn. and burdens. except:any shalf be easementa of record and other exceptions determined by the title company. Title as herein required evidenced by. standard form policy of title Insurance ISSUed bya title CQJnpanyacceptBbIe to Pbrch8Ser, doing shall be In the buslnest In Oksloosa County. florida. SUCh polICy shall be Issued a8 of the date of ctostng, amount of the purchase price, and shall be 8 joint owner-mortgAllee policy, If necessary, insuring Seller and to CIty of Fort Purchaser as their Interests may appear. Seller Sh811 convey title at close of the transaction Walton BeSch. SEC'11ON tII. AJI ClOSing costs shall be borne by the PlU'chsser. Pro~ COSl$. taJCes shall be prorated to the date of closing. If neoess& l)'. storm, burglary, vpndall8m, or other seCTION IV. INSURANCE. RlsI<of lOSS or damage to property by fire, casualty, between the date of this agreement and clOSIng. shall be borne by Seller. No sueh lOSS or damage If the or persOnal property, or both, ant damaged or destroyed, shall void or ImPSlrthis contract. Improvements continue In fUll force IInd effec:rt:, and In whole or I,. part, by castJ81ty prior to elosmg, th~ connot shall carried by Setler. All PurchsgeI'Sh811 be sUbroBated to Seller' s right coverage of with respect to any Insurance AU such policies Ahall be exhibited existing properly Insurance now In effect shall be continued by Selle'. secure additional insurance on property, Dr any thereof, If so partie," immediately to purchaser, 1IWhb may as their Inte~ desired. such sddltlonallnsurance shall name seller end pUrchaser as ccWMaJreds Any aJ)pear. SECTIONV. TRANSFER OF pMQPenY. SeJlershaU mal1t8ln Ule prnpeny. inelUdlnglmprovemen&s,the pen;onsl In Its prnent condition pending the ctoslng of this property herein descrmect, and lawns,shrubs,snd trees, a9 herein te8SOnable wesr excepted. Pro~ shell be transferred to PurchsBer. transactIOn, normal 8pd existed on the dBte 01 e,c ecut l o n err this tmntrac:t. provided, 89 Is and In such condition as rhe pJU~ shslJ be transferred to PufCJJaSM on thu date of closing. Possession of the prope~ Seller At the time 01 execution of this : .the contrBct propen;y Is occupied by tenants/renters/ lessees. be 1m mecliately notJfled aftnlscontnJletancl del~ ered warrants and agrees th8talltenant8/ renter/fes e s h81 of March 30. 2006. seller shall provide,wtthtn three adequate notice tlnrt will terminate their occupancy as suan notice. and the name of 88ch legal occupant of the proP8f4'. days of signing this Oonb8et, proof of to be mthe essence oftftiS contnllct.The SECflON VI. TIME OF ESSENCE;CLOSING. 1'Ifn81S expressly deClared to the CftyCouncll of FOrt Walton Beach, florida, with tf1eapproprlate contractshall be executed end presented and the sale ctosed, on Marcn 30. 2006, Of at ordinance. on March 14.2006. and agalra on March 29, 2008, of As9ocI8ted Land Title Group, 625 North another date as the parties may in writing agree, at the off'Ice lno.. hereunder at 32547. eaCh party sJt811 fully perform all obIlgBtJonS Egtln Parkway. Fan waltOn Besch, florida ed, or any extenSIOn thereof. sueh times as to insure elosin. within the period herein speCl" or refuteS to WIth the conditions assumed. or compl)" SECtION VII. REMEDIES OF PART1ES. (1) If Purchaserr-Its has the optIOn to: ( a) hold and retain the initial deposit money and to perform all obligations hereunder. seller Purchaser, as liquldatSd damages