Res 45-96 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH,
FLORIDA, AUTHORIZING THE CITY TO PURCHASE FR(~4 SF.T,*r.k'~ CERTAIN
REAL PROPERTY IN PALM BEACH COUNTY, FLORIDA, AS DESCRIBED HEREIN,
HEREBY INCORPORATING AND ~CEPTING THE S~LW.$ CONTRACT STATING THE
TERMS AND (X)NDITIONS FOR THE S~T.w. AND PURCHASE BESWEEN THE
AND THE CITY OF DELRAY BEACH, FLORIDA, IN PARTNERSHIP WITH THE
PALM BEACH COUNTY HOUSING PARTNERSHIP, INC.
WHEREAS, the City of Delray Beach, Florida, in partnership with the Palm
Beach County Housing Partnership, Inc., wishes to acquire certain property located at
239 N.E. 9th Street, Delray Beach, Florida, to provide home ownership opportunities
for low to moderate income home buyers under the HOPE 3 Housing Program; aox~
WHEREAS, the Seller hereinafter named desires to sell the property
hereinafter described to the City of Delray Beach, Florida; and
WHEREAS, it is in the best interest of the City of Delray Beach, Florida,
to purchase said property for the purpose described above.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY
BEACH, FLORIDA, AS FOLLOWS:
Section 1. That the City Commission of the City of Delray Beach, Florida,
as Purchaser, hereby agrees to purchase from the U.S. Department of Housing and Urban
Development, as Seller, land to provide for home ownership opportunities for low to
moderate income home buyers under the HOPE 3 Housing Program, for the purchase price
of Fifty-Four Thousand and 00/100 Dollars ($54,000.00), and other good and valuable
consideration; said parcel being more particularly described as follows:
Lot 26, Block 9 of the Plat of DELL PARK, according to the Plat
thereof on file in the Office of the Clerk of the Circuit Court
in and for Palm Beach County, Florida, recorded in Plat Book 8,
Page 56 (located at 239 N.E. 9th Street, Delray Beach, Florida).
Section 2. That the Palm Beach County Housing Partnership, Inc. is hereby
authorized to close on the subject property, with the City of Delray Beach, Florida,
accepting title to the subject property.
Section 3. That the terms and conditions contained in the Sales Contract,
U.S. Department of Housing and Urban Develo~ent, and addenda thereto between
Purchaser and Seller as hereina~hove named are incorporated herein.
PASSED AND ADOPTED in regular session on this the 4th day of June, 1996.
A2'~ST:
C~ity Clerk/ '
,, ,.I ¢a~.~. U.S. Department el HousirL9 and Urban Develcpmenl
Olfice el Housing
,pedy Disposition Program F~der'.tl Hr.,~ing Commtssioner 'OMB Aiq)mv~l No 2502 0306 ~.xp 9~30~95)
(Ih~rch,l~cr(~)) agree I,, purch:.;c, )u thc Icrms scl I'of Ih hcJcin, th,: I'-II.win~ pi', q)crty, .l:~ m-re i):Li I ,~ ul ,,rly 092-450324
dc~crihcd in thc dccd ~.nvcying d~c pr.perry I. thc.Secretary of tt,m~in¢ and th'hah Dcv,:l,qm~cm
(street number, street name. unit number, if applicable, ally, ~unly. Slain)
Thc Secretary .f II.using and Urban Dcvch)pm~nt (~cllcr) aSrccx m ,ell thc pr-putty at thc price ami terms xcl birth hu~c a dccd
namc(s)andstylc: ~.~y Of De~ay Beach --" /.. ~/, nnn nn
3. Thoagrccdpurchas~phc~ofthopropcuyis .................................................................................................. /~ ~. ,
Pu[ch~c[haspaid$ ~00,~0 aae~ncstmoncymbcapplicdonthcpurchascpri~c, and~ccs ,- · ~ .... '
to pay,h~ balanc~ of th~ purch~ pri~c, plus or minus prorafiuns, al th~ time of clo~ing, in cash to S~llcr. ~ IU/o
tarncs~moncydo~,itshallbchcldby ~ . f ' ~]~.,~ ~~
4. ~ Purch~risapplyingforHUD/FHAinsuredfinancingwithacas,~.lo~apaymentof $ ~ ~--, a . ~;S
du¢atcl~sing~dlhcbalanccsocur~dbyamorlgag~inlh¢amour,of$ ~ ¢0 ~o,< ~'-
fo~ month~ (d~snotincludcHUD/FHAMortgagelnsurancePremium). . ~. & 0
~Said mortgag~ involves arepak escrow amounting to ......................................................................... } q.,
~ Purchascr is paying cash or applying for conventional or other financing not involving HUD/FHA.
5.Seller will pay reasonable an~ customa~ costs, but not more than actual costs, nor mote than paid by a typical Seller
inthea[~a, ofoblainingfinancingand/orclosing(excludingbrokcr'scommission)inan amountno[toexcecd } 5. $ ..
6. Upon sai~ closing. Seller agrees Io pay to tho broker id~ntifi,d below a corn mission (including
sollin8 ~nus. if offered by seller) of ............................................................................................................... } 6. $
7. ~cnct~ountducScllcris(Purchascpricc, ltcm3,lcssltem4escrow.ifany.lessltemshand6) ................. } [7.$ 5~,000;00
8. Purchaser is: ~ owner-occupant (will occupy this property as prima~ residence)
"~ investor ~ nonprofil organization ~ public housing agency ~ other government agency.
9. Time is of the ,ssence as to closing. ~e sale shall close not later than 60 days from Seller's acceptance of contract. Closing
shall ~ hold at office of Seller's d~ignated closing agent or ~t a ~1 a~a Aaaq o~eaA h~
10. If Seller does not accept this offer; Sel~i['~ may ~ may not hold such offer as a back-up to accepted offer.
Il. L*ad basod paint addendum ~ is ~ is not attached: Other addendum ~i, ~ is not auached hereto and made part o¢ this con,act.
12. Shoed Purch~er re¢~ or othe~be fail to pe~orm in accordance ~th thb contract, including the fiBe liaiatioa, Se~er ma~, at
8eaer:s~ie op¢oa, rea~ all or a podioa of the deposit ~ ~q uidated damages. The Seller r~erves the right ~ appl~ the eam~t
oraa~ podion ~ereof, toaaysuas which may be owed by the Purchaser ~ t~eSeller for rent. Pureaser(s) Initias: Seller's InlO~
13. ~is contract is subject to the Conditions of Sale on the reverse hcreo~, which are inco~orated herein and made part of this contract.
Go~lficatlon of Purchaser: The undersigned certifies that in a~ming his,~er/its signa{u~ to this contrac~ he/sherle uademte.~ds: /
(1) att ~he centents thereof (including the C6~ditions of Sale) a~d ts ~n agretmen~ ~he~i~h w~th%i protest; {2~ 5e!s~e~it ~ responsible
for ~i~sf~ing itself as to the full conditioo of the propert[; and (3) that Seller wH} not p*rform repairs afler acc?encee og th~ c0fitracL
Purchaser{si: (Iype Or ~rinl names, s~al security numbers, & sign) Purchaser(s) Address:
59-~597 . ~e~ Palm ~eae~, ~ 3~401
-"~, ~re%, ~ ~ C¢O (407) 659-120~ I 4/18/96
C~iflca¢on of B.¢k~r: The und~ertifies tha~. (1) neither he/she nor anyone authorized .o act for him/h~r has declined to sell the propertx
describ,~,,,~/, ,o m~e il avaeab¢,6r inspection or c~nsiderafion by a prospec,i,'e purchas,r b,cause of his/her race, color, religion. ,ex. ,a,nilia;
~tatu,. ~[ o~gin, or dis~bility;~ he/she has both provided and explained [o the purchaser thc notice regarding use of HUD'~ closing aeem;
he/she ha~ exported [ully to th, purchaser the entire terms of i)¢ contract, including C,,ndition B on thc r~verse hereof; and (4) hc/sh~
with HUD% e~rnesl nonny policy as set forth on HUD tbrms S'~S- 1116 and SAMS-I i 16A, Scllin~ Broker Information and Certification. which
she h~ ~x~cuted and filed with Seller. '.
~oket's Bu~ness N~o ~ Address: (lot IRS r~ing} (incl~e Zip C~e} }~ Bt~er's SSN or Employer ID No. OncluOe hyphens) ] SAMS SL-NA
X
Ty~ or print ~e ~e and phone number of sales persop:
~ls sgo~on for HUD use only. Broker no,fled of: . Authorizing Signature i Dine: ~
~ceptance ~ Back-Up No .... ~ ~ ~
~Rejection ..."~Retu[n Earnest Mone~p~osit iX ~-~-"~~
Previous ~iao~'~e obsole[e ~py 1: To HO'D Io~1 office; upo~fiEproval, HUD will return tel Handbcok 4310 5 farm HUD-g5~ (3,94
: signed ~py 1 to Broker mr aellve~ to Purch~er
MEMORANDUM
To: David Harden, City Manager
,/9
Thru: Lula Bulter, Community Improvement Director~
From: Dorothy Ellington, Community Development Coordinator ]~ ~
Date: May 29, 1996
Subject: HOPE3 Acquisition/239 N.E. 9th Street and 515 S.W. 5th Avenue
ITEM BEFORE THE COMMISSION
This is to request approval to acquire two single family housing units under the HOPE 3
Program. The 239 N.E. 9th St. unit will be purchased at a cost of $54,000. The unit
located at 515 S.W. 5th Ave. will be purchased for $30,150.00. These properties are to
be purchased under the HOPE 3 Program for rehabilitation and resale to income eligible
buyers.
BACKGROUND
The City in partnership with the Palm Beach County Housing Partnership has
participated in the HUD-funded HOPE 3 Program since being awarded a Grant of
$430,000 in March 1994. We purchased our first property in December 1984 and since
then we have purchased four additional units, two of which have been sold. These
properties are located within various neighborhoods thoughout the City, often having
been boarded-up while waiting for HUD to dispose of them.
Once we acquire the property, we will rehabilitate them and sell them at appraised value
to a qualified low/moderate income home buyer. When the properties are sold, sales
proceeds will be revolved to provide for additional homeowner opportunities. We expect
to purchase four additional units with our initial HOPE 3 Grant funds while more than 30
families are expected to benefit from these investments.
RECOMMENDATION
Staff recommends approval of this request, authorizing the closing on the property as
listed above.
Agenda Item No.: f~
AGENDA REQUEST
Request to be placed on: Date: May 29, 1996
Regular Agenda
Special Agenda ---~
Workshop Agenda
xx Consent Agenda When: June 11~ 1996
.Description of item (who, what, where, how much):
This is to request approval to acquire two single family housin~ units under
the HOPE3 Program. The Resolution to purchase the units is bein~ handled by
the City Attorney's Office.
(Example: Request from Atlantic High School for $2,000 to fund
project graduation).
ORDINANCE/ RESOLUTION REQUIRED:~YES~NO Draft Attached: YES/NO
Recommendation:
Staff reccommends approval of this request, authorizing the closing on the
properties as listed above.
(Example: Recommend approval with funding from Special Events
Account No. 001-3333-555-44.55).
Department Head Signature ~
City Attorney Review/ RecommendatiOn (if applicable):
Budget Director Review ( required on all items involving
expenditure of funds): -
Funding available :(~NO
Funding alternatives: ,(if appl~icablg)
Account No. & Description:
Account Balance: ~ ~. b
,
City Manager Review:
Approved for agenda: ~NO
Hold Until:
Agenda Coordinator Review:
Received:
Placed on Agenda:
Action: Approved/Disapproved
IIO~IM Oil IffmlT
NOTICE I$ HEREBY GIVEN, ~ 'Ibc
Clty Of Delroy Beach, Fkx'lM, his
termined it Io he in Ihe best Interesl Of
the City to purchase curtain real prop-
my, ~ municipal purples, more
pa~icu~'ty de~cr~ as Iofl~ws:
L~ ~, BIotic ~ Of the pl~ Of ~ELL
PA~K, Kcording to t~e ~t t~ ~
file In the Officu Of t~e Ch.,q-k Of the Cir.
cult C~ in und W' Palm Mach
Cunnty, F~ida, recorded in Plat Beok
L
ttatiuns, a~ off~ m~teq's Of rec~d
other g~d and valuable
A Re~gutiun of iht City C~missk~ Of
the C~ Of D~lray Be~cl~, Florida,
I~'izing h~e ~rclm~ Of the pr~er~
~ct un me terms and c~lticm s~
f~'tt ~ove, will be c~siG~d
regular meeting to be hem at ~:00 p.m~
un Tuesday, June ~,
Publish: h~y 27 & June 3, tH
The News
Boca Raton/Delrly Beach