Fort Walton Beach Resolution — 01-24-Property Disposition-24 Bob o Link — reading text

l " ' RESOLUTION 2001- 24 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA, AUTHORIZING THE DISPOSITION OF PROPERTY LEGALLY DESCRIBED AS LOT 7, BLOCK 12, FIRST ADDITION TO NORTHHILL GARDENS, WHICH WAS ACQUIRED WITH COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City of Fort Walton Beach has in its possession one ( 1) undeveloped single family lot that was acquired with CDBG funds; and WHEREAS, the City wishes to offer this property for the development of a owner- occupied single family home; and WHEREAS, the Okaloosa Community Development Corporation ( OCDC) st has requested that the City re- assign their interest in Lot 7, Block 12, 1 Addition to North Hill Gardens (a. k, a, 24 Bobolink Street NE) for development of a low/moderate income single family home to Habitat for Humanity in Okaloosa County, Inc.; and WHEREAS, Habitat for Humanity in Okaloosa County, Inc. has requested that the City re- assign the single family lot at 24 Bobolink Street NE for the development of low/moderate income housing utilizing Habitat funding, community donations and labor; and WHEREAS, Habitat has proven capability to provide technical assistance and financial assistance for the development of low/moderate income housing. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: SECTION 1. The City will convey the following property to Habitat for Humanity in Okatoosa County, Inc. under the terms, purposes and conditions stated in the Property Disposition Agreement, attached hereto as Attachment "A". Lot 7, Block 12, 1st Addition to North Hill Gardens, as recorded in Plat Book 2, Page 87, Okaloosa County, Florida. SECTION 2. This resolution shall not be construed as granting or assuring or indicating any future approvals of any building permits, variance, land use or other development approvals, permissions or rights with respect to any of the properties which are the subject of this resolution.  o PROPERTY DISPOSITION AGREEMENT This agreement is made and entered into day of ~.. J,~ the.&.- 2001, by and between the CITY OF FORT WALTON BEACH, FLORID~, a political subdivision of the State of Florida, hereinafter the " GRANTOR" and HABITAT FOR HUMANITY IN OKALOOSA COUNTY, INC" a Florida not-for-profit corporation, hereinafter also the "GRANTEE." RECITALS 1. The Grantor is the owner of a single-family lot identified in Section 2 below. The subject lot was purchased and then cleared of uninhabitable structures by the Grantor utilizing Community Development Block Grant funds. This action addressed HUD' s National Objective to eliminate slum and blight as identified in CFR570. 208 ( b)( 2), 2. The Grantee provides financing for and construction of single family homes for low-income households, 3, The Grantee is requesting that the Grantor convey the property identified in Section 2 below for the purpose of constructing a single family home for a low- income household. 4. The conveyance of this property to the Grantee for such purpose will further address HUD' s National Objective to provide permanent housing for low and moderate incomes as identified in CFR570. 208 ( a)( 3). NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the parties agree as follows, Section 1, Recitals. The above recitals are true and correct and are incorporated herein, Section 2, Lot. The single family lot which is subject to this agreement is legally described as Lot 7, Block 12, 1st Addition to North Hill Gardens, as recorded in Plat Book 2, Page 87, Okaloosa County, Florida. Section 3, Low and Moderate Income Household,  o o Section 8. Property Conveyance. Upon issuance of a Certificate of Occupancy by the Building Official, the Grantor will convey title by Special Warranty deed, warranting against the lawful claims and demands of all persons claiming by, through, or under Grantor, but against none other, and further subject to governmental regulations. The Grantor shall at the Grantor's expense, deliver upon execution of the agreement to Grantee, title insurance commitment and after closing, and owner's policy of title insurance, Title insurance shall be issued by and closing conducted by Miller & Associates, Attorneys at Law. Either party may withdraw from the contract within seven ( 7) working days of the contract if dissatisfied with the state of the title. Section 9. Effective Date, This Agreement shall become effective upon the date of execution by the Grantor or the Grantee, whichever is later. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by their duly authorized officials, CITY OF FORT WALTON BEACH A~ J6QQJ2 Reid Silverboard, 101 U~ ' Helen Spenc , f- ti/ I;?- City Clerk City Manager HABITAT FOR HUMANITY IN OKALOOSA COUNTY, INC. 5..:: f! Date 1:2 -;JooI 4