Res 49-95 RESOLUTION NO. 49-95
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACH, FLORIDA, AUTHORIZING THE CITY TO
PURCHASE FROM SELLER CERTAIN REAL PROPERTY IN PALM
BEACH COUNTY, FLORIDA, AS DESCRIBED HEREIN, HEREBY
INCORPORATING AND ACCEPTING THE CONTRACT STATING THE
TERMS AND CONDITIONS FOR THE SALE AND PURCHASE
BETWEEN THE SELLER AND THE CITY OF DELRAY BEACH,
FLORIDA.
WHEREAS, the City of Delray Beach, Florida, wishes to
acquire certain property located at 608 South Swinton Avenue and 4795
N.W. 6th Street to provide for housing pursuant to the City's
Affordable Housing Program; and
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 Buyer, hereby agrees to purchase from the United
States Department of Housing and Urban Development, as Seller, land to
provide for affordable housing opportunities for low income
individuals, for the purchase price of Twenty-Two Thousand Nine
Hundred Fifty and 00/100 Dollars ($22,950.00) for Parcel A and
Forty-Three Thousand Two Hundred and 00/100 Dollars ($43,200.00) for
Parcel B, less existing liens, and other good and valuable
consideration; said parcels being more particularly described as
follows:
P~RC~L A.~
The South One-Half (S 1/2) of Lot 16, SELLERS
ADDITION TO DELRAY BEACH, according to the Plat
thereof as recorded in Plat Book 22, Page 17, of the
Public Records of Palm Beach County, Florida.
and
PARCEL B:
The East One-Half (E 1/2), as measured at right
angles, of Lot 18, Block 3, PINE TRAIL SECTION TWO,
according to the Plat thereof, as recorded in Plat
Book 32, Page 153, of the Public Records of Palm
Beach County, Florida.
Section 2. That the costs of closing and transactions,
title insurance, document preparation and attorney's fees shall be
borne by the Seller.
Section 3. That the terms and conditions contained in the
Contract for Sale and Purchase and Addenda thereto between the City of
Delray Beach, Florida, and the Seller as hereinabove named are
incorporated herein.
PASSED AND ADOPTED in regular session on this the llth day
of July, 1995.
ATTEST:
- 2 - Res. No. 49-95
L ale Contract u.s. ot Ho, in UrU,n
Olfice of Housing . . , '.. ' ~
PropeAy Disposition Program _ Eede,~ Housing Ce~m~s~ner
. ~ ~ · ~.. ~[ ~- .: .~ ,: . OMB Approval No. 2~2-0306 (e~.
~'~ ~ ........ tlUD Case No
(Purch~cr(s)) a~rcc h~ purchase on Ibc terms set [orlh hcr~m, thc [oHowm~ prop~r~y, ~ morc parlicuhrly
descried in ~hc dccd ~nvcyin8 ~hc propcrt~ to thc Secretary of Housin~ and Urhau Development: 0
(street number, sffeet name, u~lt number, il app~l~ble, ~ty, ~unty, State)
The Sccrcta~ ~[ llou~in~ and Urban Dcvclopmem (Sdlcr) a~rces to ~cll thc proper~y at thc price and Icftu5 scl f(~rlh herein, and
~ntaining a covenant which w~rants against the acts of thc Seller and all claiming by, through or under him. Tille will be taken in lhc following
name(s)andstylc:_ . 04 ty ~ De!r~y Beh~hl
3. ~cagrc~purchasepri~co[thcpropcr~is .................................................................................................... } 3. $ ~
P~ch~cr h~ paid $ as earnest money to bc applied on th~purch~cpricc, and agrce~
Iopay thc bal~cc of thc purchase price, plus or minus prorations, at the dmc of closing, in c~h to Seller. ~e
~mcst mon,y dcpusit shall be held by " /
4. ~ Purch~cr i~ applying for HUD/FHA insured financing with a cas4 Jown payment of $
duc at closing and thc balance secured by a mortgage in'thc amour t of $
month~ (docs not include HUD/FHA Me,gage Insurance ~cmium).
~Saidmortgag~involv~arcpakcscrowamuuntingto ......................................................................... } 4. $
Purchascr i~ paying cash ur applying for convcnliunal nr olhcr financing not involving HUD/FHA.
5. Sc~cr will pay reasonable and cusloma~ costs, but not more than actual costs, nor more than paid by a typical Seller
inthc~ea, ofobtainingfinancingand/orclosing(cxcludingbrokcr'scommission)inan amountnotlocxcced } 5.$ D~rec~ Sale
6. Upon sales closing. Seller agrees to pay to thc b-okcr idenfi fled below a commission (including
scllingbonus, ifoffcrcdbyscller)of ............................................................................................................... } 6. $
7. ~cnctamountducS~lleris (Purchascpricc, llcm 3,1c~shcm4cscrow,ifany,lc~shems5and6) ................. ~ 7. * 22 ~ 950 ' :: :' :'
8. Purchaser is: ~ owncr-~cupant (will occupy ~his property as prima~ residence)
investor ~ nunprofit organization ~ public housing agency ~ other government agency.
9. Time is of the ~s~cnce as to closing. ~e ~ale ~hall clo~e n~t later than ~ 0 days from Seller's acceptance uf contract. Closing
10. If Seller docs. not accept thi~ offer, Seller ~ may ~ may nol hold suc.h offer a~ a back-up Io acccpI¢d ofl~r.
11. Lead basid pain, addendum ~ is ~ is ,,,,, alta~hed; Other addendum ~ is ~ is not attached hcrclo a,,d ,,,adc 0art of Ihis
12. Shoui~'~chaser rer~or othe~ise hii to I, eaorm in accordance with thb contrach including the time Umimfion, S~er ~ax,
. .Seller~e op tio,, rem ~11 or a pomion of the deposit ~ liquidate0 damaa% The Seller r~e~es the right m app
.. oran~9;~mnO,ere0[toanysumswh,chmayheowedb~thePurch~qerto~eSellerforrent. ~,,~,r(,),n,,ia, s:
13. This ~)nlracl is ~ul)jut. l Iu Ih~ C, md itions ofSal¢ o~i thc rev~r~e hcreo f, which are iuco~oratcd herein and inad¢ par( r,l' ling ct,nlract.
(l) all the contems thereof (including'the Coaditioa~ of Sale) and is ia agreemeat.tharewith without protest; (2) be/sh~{~t
~or ~tisfying itself as to the roll condition of the property; and (3] that Seller ~i1'~ ~erform 'rePairs after acceptan~6:0f:{hb
~r~er(s): {lype or ~inl n~~ numbers, & sign) Purchaser(s) AO0ress:
~ ~ 319 Clematis Street Suite 409
~J Pre=~dent C E G W ~ Pa[,e~ahh, FL ~4
sb~ ~ ~x~cu~ ~nd Iil~d wi~h S~llcr,
~r's B~ne~ N~ ~: (~ I~S re~r~ng} (i~e ~p C~e) T ~oke~ ~s~ ~r Ernp~ ~D No. Ondud~ n~he:,~) . ~A ~:-
~t~kol's P~ne No:
T~ or print ~e n~e ~d phone number et ~t~ ~rson:
~eptance CBack4JpNo ..... I (I ,. ~ ' "~ ( _~_~
~aeiecuon Line,urn Earnest Money Doposi, IX ~ ~ ~
~gned ~py 1 to Or~ker ~or .euve~ to ~urc~ ~ r
~;~.properly uninhubilable or otherwise unusable. Purchaser
· Housing and Urban Development
· .uusing _Commissioner OM3 Approval No. 2502-0306 (6xp. 9/30
] HUD C~e No
.,a~c on Iht lcrm~ ~ct furlh h~rein, the following property, ~ more parlicul arly
..... m v~,ying the property to the Secreta~ of Housing and Urban Developmenl:
(~uee number, street ~ ne, urut numUer,~f ~pll~ble, ~ y, ~un y~ a~)
2. Thc S~tcta~y of ll.u~ihg and Urban bcvelopmcut (Seller) agrees to sell lhe property al the price and terms scl l'~)tll(hcrein, and to prepac a
conlaining a covenant which w~rant~ against the act~ .f the Seller and a~latm~ng by, through et under him. Title will bc taken in the following
3. ~eagre~pur~hasepriceofthepropertyis .................................................................................................... ~ 3. $ fi q;
P~ch~ h~ paid $ _~ ' ~ earnest money to be applied on the purchase price, and agrees t'oO/0l
Io pay tho bal~o~ uf Iht purch~ prico, plus or m in us prorations, at lh~ lim~ of closins, in c~h m Seller, Thc
carnc~t money deposit shall bc held by ~ ~ ~
4. ~ Purchaser is applying Ibr tIUD/FHA insured financing with a cash down payment of $
duc alclo~ing and the balance secured by a mortgage in the amount of $ ~ O~g
for months (d~s not include HUD/FHA Mortgage Insurance Premium). ~ ~ ·
~Saidmortgageinvolvesarepairescrowamoundngto ......................................................................... ~ 4. $
~ Purchaser ia paying c~h or applying for conventional or other financing not involving HUD~HA.
5. ~eller will pay reasonable and cu~toma~ co,ts, but uut more than actual cost~, nor more than paid by a typica[Scllcr
in the ~ea, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed ~ 5. $ 0
6. Upon ~ale~ clo~ing, Seller agree~ to pay to thc broker identified below a commission (including
selling bonus, if offered by seller) of ............................................................................................................... ~ 6. $
7. ~e net amount duc Sgllcr is (P~chase price, hem 3, less Item 4 escrow, if any, less lte~ns 5 and 6) ................. ~ ~ 7. $ "
8. ~rchaser is: ~ .wner-occupant (will ~cupy lifts property as prima~ residence) [ 4 ~;
~ i,,vustor ~ nonprofit organizalion ~ public huusing agency ~ o,her govern,,,~,,, agency.
9. Time i~ of linc e~ence as ~o closing. ~ sale shall clo~e not later than ~ 0 days from Sclle~ 's a~ccl)lancc et conlracl. Closing
shall ~ held al office of Seller's designated closing agent or ~~ ~i~L~ ~y
10. If Seller docs not at.upi this offer, Seller ~ may ~ may not hold such offer as a back-up to accepted offer.
11. Lead b~ed painl addendum ~ is ~ is not auached; Other addendum ~ is ~ is not attached herelu and made part of,his con.act.
12. Should Purchaser ref~e or othe~se fa~ to perform in accordance with th~ contrac~ ~cluding ~e time limiiafi°n, Seller maY,
Seller's~le option, retain aD °r a portion orthe deposit ~ liquidated damage. The Seller r~erv~ the right te~~eam~tm°a,
orany ~ion Ih ereof, to any sums which may be Owed by the Purchaser to ~e Seller for re nt. Put.set(s)~n~ti~.s~'l~'s I~i~ · ':'
[ ~. '~[S ~OIII~U~I i~ subj~cl I. lh~ Condilitms of Sal~ on Ih~ r~vers¢ hereof, which are incorporuled he~cin and made pan t)f Ihi~mtracl.
Cefllficatlon of Purchaser: ~he undersigned certifies lhat i~ af~ing h~/her/its'signature to thb coatracl he/she/it U~demtan~:
(1) all the conlents thereof (including the Cond.ioas of Sale) and is la ~reement th~rewilh w~tb0ul protest; (2) he/sh~Iit' ~ respo~si~le
for ~tisIying i~elr as to the full condition of the property; and (3) that SeUer will not perfo~ repairs after acceptance' of this
~Ohn C~o~btt, Presiden'~/C.E.O
Tax ID~; 59-2704597 ~ ~ ~ 407 ~9 120! .--~----~
sm~u~: Secretary o~ Housing and U~ban Development By: (Iype ~me & title, & ~lgn) ~ D~ti~ Contracl Accepl~
................ ..................
C~ifiea~(B~k,r: Th~ u~r~i~ned c,rtines that: (1) n,ither h,]~he mr anyone authorized to act [or him/her has ,l~clined to sell the prop~
d~cribed here?~r h~ mak~ il availabl, for inspection or consideration by a pro~pectiv~ purchaser because of hi~/h~r ru~. c.lor, r~ligion. ~ex. fam i
,tatu~. nalitm~risin, or ~i~ability; (2) he/~h, ha~ both provid,d and ~xplainCd to thC purchaser th~ n~tic, r~gardi,~ u~c uf HHD'~ eluding
h,/~h~ ha~ ~xplain~d ful}y la the purcha~or lhe ~ntir~ t,rm~ o[ th, contract. ~cluding Condition B on the rewr~e her,-I; and {4) ho/~ge i~ in
~ith HUD'~ ,arne~t money policy a~ ~*~ forth on H U D fi~rm~ SAMS-I 116 and S~S-1116A. Selling Broker Intl,'marion and Certification. which
~h* h~ ~xe~ut~ and filed with Seller.
~ees Buane~ N~e & A~ress: {lot IRS reining) (i~e Zip C~e)[ I Broker's SSN = E~np~yer ID No. (in,uae hypnen~) 1_SAMS SL-NA Number:
Ty~ ~ print ~e n~e ~d phone numar of ~les ~rson:
Pr~s'~i~ons =u ;~;~; ~PY !: To ~~~~o~ 431~ ~ form .UD-9548
agn~ ~py 1 le ~ro~er lot ~ellVe~ te Furcn~er
condilhm i)l lllu iJ;,~Ocrl)., including l)ul llfij lilniled to me- ~ .... .-~,l I .. ,.,.,. ~,th,? i ..... .' ~, ~ . .. , : :::
· '~ :ih~ ~l'Oll~)' i~ i~tJll~ ~lla~ wJlh an J~'llA-ilitur~d morl- L i~lllii,,;i lU'i~c ,,1', ~ll,~il(J..~,~ii,,i, ii,. ioli .li,ltljJl~l ,,I ;~lJUll ~lalllllj ;-
]']' gage, Seller dm-s md Ruarantee O~"warranl thai lhe to' ~rIF :dom j),:l Im,I ;., a=. ...... .t ,.t I~.~
;' : Isfr~tl~[¥1ill~l~l;~Jlitl~ailrll¢lllr;ll~ef~Rli'l~rmJl~amagt~ J. l'llf;li;;~c$' and .Seller iq:i,:,: i1~.. lill..,.l,h';I;'l
i,.:. properly uninhaldi;dll~ or ulllerwise u~usable.. PUrchus~r/
'~:][- aCknawle~g~s rtapoasi~ility far ~king such aclion a; il hi;']] ....
~.: li~v~s nt'r~sSar~' Io satiaf~ il~¢lftlial lilt properly j~ i~ ~:" K. If Ihis prupc~l,, v,'a; t'o~.u~ ..... I i',,;,~ ~,~
~Jh:L'l.-dJ'ifd,:lt:,lJ~cl~;l~l,l:,,,,'~ i... ,, Jlmd;l~;L'l';i,
"' ul'l~cling Iht,. properly, and ;t~rees ti) ;it't{el)l liie lltOl)~l'l~, j~ ' '
;" the CondilJon ~i~ti;l~ (m Iht (la1~ 0f this t~O~Jl':l~J. :,,~ I;,t'~:si. 5cllc; '; m,l,~, h ....~,,,,,,,I ..... ~. Ic,'ll~
~,r II'dci;:djVc IJ.,illl M*~'i.~, ~:. ', ~, I ...... I 5. Ilcr li;l~ Irc;Ih:ti ,)l' will
('. Ii l'2:..uicJlq~ j, i;~ ,;; t h; ;),i ~;,,):,;i,',L,~. Ill .... -ii Pill, h;i~;~r I,,:;i; ..,. h ;icl,; live su, i ,, ... ~ ............ ),, pl't ~'zihcd ~)5
~ll~J"~in~p~cli(m and/iw lr?;lilnt, iil i~ iliil inltnd~
I~)~';dch. I;l~ ,h,v ~,, ~1,. (ira,' ,hi:.c,,J,iJ':,~'l ~:r., .... q,i,:,l I,y IIL;I,. .il~arant~d~xVarrantlhalallicad.hjmed:.~,~inta~d~iill::~j~n:~:.~
;md/,,, ,J,..,,-,,,.., ~:~,,.:.,.,,,.,. ~,, p,,~ i,,,'lh ?,,,i i.,,h cJio,~s m fia!.lead.b~Sed paint hazards have hee~:~lim'ih'~igS'~'~qni thi~::'~
I)bl;mJ m:,' ..... , ....... hu: Nt;Jl;'i' :dl,~Jl h.t',~ Iht' ,.juit),l Iii~ property. Jhlr.'Jl:i:;cf;t,l,ll~)~ I. ,k,.. iI,;llh(./:dlt'/il
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LAKE IDA ROAB
N.W. §'TH ~ CT.
N.W. 6TH
',1 .W. 4'fH S'f.
N.W. .3RD Cl.
N
~ 4795 N.W. 6TH STREET
PL.ANNIN~ DE'PARll, I ENT
RECEIVED
JUL- ~ 1~5
CITY ATTORNEY'S OFFICE ~oo ,~w ,~, ^~. ~^~ ,,~^~,,, ~,~o~,,~,, ~.~
FACSIMILE 407/278-4755 Writer's Direct Line: (407) 243-7090
DELRAY BEACH
Ali,America City MEMORANDUM
1993
TO: City Commission
FROM: David N. Tolces, Assistant City AttorneY(_
SUBJECT: Hope 3 Acquisitions
608 S. Swinton Avenue
4795 N.W. 6th Street
The attached resolution, if approved, will authorize the City to expand its Hope 3 funds
for the acquisition of two parcels. The first parcel at 608 S. Swinton Avenue will be
purchased for $22,950.00.
The second parcel, located at 4795 N.W. 6th Street will be acquired for $43,200.00.
Both parcels will be sold to qualifying buyers pursuant to the Hope 3 regulations.
Please call if you have any questions.
DNT:smk
Attachment
cc: David T. Harden, City Manager
Lula Butler, Director of Community Improvement
Dorothy Ellington, C.D. Program Coordinator
hope3.dnt
7////¢~
Printed on Recycled Paper
Memorandum
To: David Harden, City Manager
/ .9
Thru: Lula Butler, Community Improvement Director -~
From: Dorothy Ellington f~ ~- --t,//
Date: July 5, 1995
Subject: HOPE3 Acquisitions/608 S. Swinton and 4795 NW 6th St.
ITEM BEFORE THE COMMISSION
This is to request approval to acquire two single family housing units
under the HOPE 3 Program. These units will be purchased at an
average cost per unit of $33,000. See related request from the City
Attorney's Office regarding the Resolution to purchase. This is to
provide background information.
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 1994 and since then we have purchased two
additional units. These properties are located within various
neighborhoods of 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. Once
the properties are sold, sales proceeds will be revolved to provide for
additional homeowner opportunities. We expect to purchase five
additional units with our initial HOPE 3 Grant funds while more than
30 families are expected to benefit from these investments.
RECOMMENDATIONS
Staff recommends approval of this request, authorizing the closing on
the properties as listed above.
Agenda Item No.:
AGENDA REQUEST
Request to be placed on: Date: 3uly 5, 1995
Regular Agenda
Special Agenda
Workshop Agenda
xx Consent Agenda When: 3uly 11~ 1995
Description of item (who, what, where, how much):
This is to request approval to acquire two single family housing units under
Hope3 Program. See related request from the City Attorney's Office regarding
the Resolution to purchase.
(Example: Request from Atlantic High School for $2,000 to fund
project graduation).
ORDINANCE/ RESOLUTION REQUIRED: YES/NO Draft Attached: YES/NO
Recommendation:
Staff recommends 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:
Account No. & DescriDtion.:
Account Balance:
City Manager Review:
Approved for agenda: ~/NOHold Until:
Agenda Coordinator Review:
Received:
Placed on Agenda:
Action: Approved/Disapproved