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Res 53-94 RESOLUTION NO. 53-94 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 vacant property located on N.W. 4th Avenue 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: ~_~ That the City Commission of the City of Delray Beach, Florida, as Buyer, hereby agrees to purchase from Patricia Ann Nelson, as Seller, land to provide for affordable housing opportunities for low income individuals, for the purchase price of Seven Thousand Five Hundred and 00/100 Dollars ($7,500.00), and other good and valuable consideration; said parcel being more particularly described as follows: Lot 6, Block 34, TOWN OF DELRAY BEACH (f/k/a Linton), according to the Plat thereof on file in the Office of the Clerk of the Circuit Court in and for Palm Beach County, Florida, recorded in Plat Book 10, Page 45, Public Records of Palm Beach County, Florida; containing a 0.17 acre parcel of land, more or less. Section 2. That the costs of closing and transactions, title insurance, document preparation and attorney's fees shall be borne by the City of Delray Beach, Florida. Section 3. That the terms and conditions contained in the contract for sale and purchase and addenda thereto between the City of Delray Beach, Florida, and the Seller as hereinabove named are incorporated herein. PASSED AND ADOPTED in regular session on this the 5th day of July, 1994. ATTEST: City'-~l~rk - 2 - Res. No. 53-94 P' .~. --------~--- ' 4:'.~..' N. W. -' ~ ~,, -- : · ,d~ ~, ~ ;~ PUBLIC J ~ ~ ~ ,. R~SO~YTION ~0. 53-9~ ~ ~ ~ /o ~ PURC~SE OF NELSON PROPER~ . II ~ ~ /$ ~ · /$ $ /$ CITY .~..~ /4 ' · 8 /~ ~ ' 8 /4 HALL ~ ~ /5 7 /5 '7 15 ' · ' :. N. --. ,-i ~ - , . -~--. = l 7~ ~ ~ ,,s. COMMUNITY ~" ~ ~ f 8 ~ CENT ER ¢' ~ 4 ~o ~ z~ ~ m" ~~ [~ '~ ~+-. . ~ . '-. : ', ~"v ' ...... [~¢ F.D.' CONTRACT FOR SALE AND PURCHASE PATRICIA ANN NELSON, ("Seller"), of Delray Beach, Florida, and CITY" OF DELRAY BEACH, a Florida municipal corporation, ("Buyer"), hereby agree that the Seller shall sell and the Buyer shall buy the following real property ("Real Property") upon the following terms and conditions= I. DESCRIPTION= Lot 6, Block 34, Town of Delray Beach f/k/a Linton, 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 10, Page 45 II. PURCHASE PRICE ................ $7,500.00 less any unpaid liens or taxes. III. TIME FOR ACCEPTANCE~ EFFECTIVE DATE= If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties on pr before July 15, 1994. The date of this Contract ("Effective Date") will be the date when the last one of the Buyer and the Seller has signed this offer. IV. TITLE EVIDENCE= At least 7 days before closing date, Buyer shall obtain a title insurance commitment. V. CLOSING DATE= This transaction shall be closed and the deed and other closing papers delivered on or before August 19, 1994, unless extended by other provisions of Contract. VI. RESTRICTIONS~ EASEMENTS; LIMITATIONS~ Buyer shall take title subject to= zoning, restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record (easements are to be located contiguous to Real Property lines and not more than 10 feet in width as to the rear or front lines and 7i feet in width as to the side lanes, unless otherwise specified herein); assumed mortgages and purchase money mortgages, if any; provided, that there exists at closing no violation of the foregoing and none of them prevents the use of Real Property for residential purpose. vii. OCCUPANCY~ Seller warrants that there are no parties in occupancy other than Seller, bit of Property is intended to be rented or occupied beyond closing, the fact and terms thereof shall be stated herein, and the tenant(s) or occupants dis- closed pursuant to Standard D. Seller agrees to deliver occupancy of Property at time of closing unless otherwise sufficient for the intended use as described herein, title to which is in accordance with Standard A. D. Leases: Seller shall, not less than fifteen (15) days before closing, furnish to Buyer copies of all written leases and estoppel letters from each tenant specifying the nature and duration of the tenant's occupancy, rental rates, advanced rent and security deposits paid by tenant. If Seller is unable to obtain such letter from each tenant, the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller's affidavit, and Buyer may thereafter contact tenants to confirm such information. Seller shall, at closing, deliver and assign all original leases to Buyer. E. Liens: Seller shall furnish to Buyer at time of closing an affidavit attesting to the absence, unless otherwise provided for herein, of any financing statements, claims of lien or potential lienors known to Seller and further attesting that there have been no improvements or repairs to property for ninety (90) days immediately preceding date of closing. If property has been improved, or repaired within that time, Seller shall deliver releases or waivers of mechanics' liens executed by all general contractors, subcontractqrs, suppliers, and materialmen in addition to Seller's lien affidavf, t setting forth the names of all such general contractors, subcon- tractors, suppliers and materialmen and further affirming that all charges for improvements or repairs which could serve as a basis for a mechanic's line or a claim for damages have been paid or will be paid at closing. F. Place of Closing: Closing shall be held in the county where real property is located, at the office of the attorney or other closing agent designated by Buyer. G. Time: Time is of the essence of this agreement. Time periods herein of less than six (6) days shall in the computation exclude Saturdays, Sundays and state or national legal holidays, and any time period provided for herein which shall end on Saturday, Sunday or legal holiday shall extend to 5:00 p.m. of the next business day. H. Documents for Closing: Buyer shall furnish deed, bill of sale, mechanic's lien affidavit, assignments of leases, tenant and mortgagee estoppel letters, and corrective instruments. Buyer shall furnish closing statement, mortgage, mortgage note, security agreement, and financial statements. I. Expenses: Documentary stamps on the deed and recording corrective instruments shall be paid by Buyer. J. Prorations~ credits: Taxes, assessments, rent, interest, insurance and other expenses and revenue of property shall be prorated through day before closing. Buyer shall have -3- the option to taking over any existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at closing shall be increased or decreased as may be required by prorations. Prorations will be made through day prior to occupancy if occupancy occurs before closing. Advance rent and security deposits will be credited to Buyer and escrow deposits held by mortgagee will be credited to Seller. Taxes shall be prorated based on the current year's tax with due allowance made for maximum allowable discount,homestead and other exemptions. If closing occurs at a date when the current year's milage is not fixed, and current year's assessments is available, taxes will be prorated based upon such assessment and the prior year's milage. If current year's assessment is not available, then taxes will be prorated on the prior year's tax. If there are completed improvements on real property by January 1st of year of closing which improvements were not in existence on January 1st of the prior year then taxes shall be prorated based upon the prior year's milage and at an equitable assessment to be agreed upon between the parties, failing which,, request will be made to the County Property Appraiser for an informal assessment taking into consideration available exemptions. Any tax proration based on an estimate may, at request of either Buyer or Seller, be subsequently readjusted upon receipt of tax bill on condition that a stptement to that effect is in the closing statement. K. Special Assessment Liens: Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effective Date) are to be paid by Seller. Pending liens as of date of closing shall be assumed by Buyer. If the improvement has been substantially completed as of Effective Date, such pending lien shall 'be considered as certified, confirmed or ratified and Seller shall, at closing, be charged an amount equal to the last estimate of assessment for the improvement by the public body. L. InsDect£on~ Repair and Maintenance: Seller warrants that, as of ten (10) days prior to closing, the ceiling, roof (including the fascia and soffits) and exterior and interior walls do not have any VISIBLE EVIDENCE of leaks or water damage and that the septic tank, pool, all major appliances, heating; cooling, electrical, plumbing systems and machinery are in WORKING CONDITION. Buyer may, at Buyer's expense, having inspections made of those items by an appropri- ately Florida license person dealing in the construction, repair or maintenance of those items and shall report in writing to Seller such items that do not meet the above stan- dards as to defects together with the cost of correcting them, prior to Buyer's occupancy or not less than ten (10) days prior to closing, whichever occurs first. Unless Buyer reports such defects within that time Buyer shall be deemed to have waived Seller's warranties as to defects not reported. If repairs or replacement are required, Seller shall pay up to three percent (3%) of the purchase price for such repairs or replacements by -4- an appropriately Florida licensed person selected by Seller. If the cost for such repairs or replacement exceeds three percent (3%) of the purchase price, Buyer or Seller may elect to pay such excess, failing which either party may cancel this agreement. If Seller is unable to correct the defects prior to closing, the cost thereof shall be paid into escrow at closing. Seller will, upon reasonable notice, provide utilities service ~or inspections. Between the effective date and the closing, Seller shall maintain property including but not limited to the lawn and shrubbery, in the condition herein warranted, ordinary wear and tear excepted. Buyer shall be permitted access for inspection of property prior to closing in order to confirm compliance with this standard. M. Risk of LOSS: If the property is damaged by fire or other casualty before closing and cost of restoration does not exceed the purchase price of the property so damaged, cost of restoration shall be an obligation of the Seller and closing shall proceed pursuant to the term so the agreement with restoration costs escrowed at closing. If the cost of the restoration exceeds three percent (3%) of the assessed valuation of the improvements so damaged, Buyer shall have the option of either taking property as is, together with either the three percent (3%) or any insurance proceeds payable by virtue of such loss or damage, or of cancellin~ the agreement and receiving return of deposit(s). N. Escrow: Any escrow agent ("Agent") receiving funds or equivalent is authorized and agrees by acceptance of them to deposit them promptly, hold same in escrow and, subject to clearance, disburse them in accordance with terms and conditions of agreement. Failure of clearance of funds shall not excuse Buyer's performance. If in doubt as to Agent's duties or liabilities under the provisions of agreement, Agent may, at Agent's option, continue to hold the subject matter of the escrow until the parties mutually agree to its disburse- ment, or until a Judgment of a court of competent Jurisdiction shall determine the rights of the parties or Agent may deposit with the clerk of the circuit court having Jurisdiction of the dispute. Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully terminate, except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate broker, Agent will comply with provisions of Chapter 475, F.S. (1987), as amended. Any suit between Buyer and Seller where Agent is made a party because of acting as Agent hereunder, or in any suit wherein Agent interpleads the subject matter of the escrow, Agent shall recover reasonable attorney's fees and costs incurred with the fees and costs to be charged and assessed as court costs in favor of the prevailing party. Parties agree that Agent shall not be liable to any party or person for misdelivery to Buyer or Seller of items subject to this escrow, unless such misdelivery is due to willful breach of contract or gross negligence of Agent. -5- O. Failure of Performance: If Buyer fails to perform this Contract within the time specified (including payment of all deposit(s)), the deposit(s) paid by Buyer may be retained by or for the account of Seller as agreed upon liquidated damages, consideration for the execution of this Contract and in full settlement of any claims~ whereupon, Buyer and Seller shall be relieved of all obligations under Contract~ or Seller, at Seller's option, may proceed in equity to enforce Seller's rights under this Contract. If, for any reason other than failure of Seller to make Seller's title marketable after diligent effort, Seller fails, neglects or refuses to perform this Contract, the Buyer may seek specific performance or elect to receive, the return of Buyer's deposit(s) without thereby waiving any action for damages resulting from Seller's breach. P. Agreement Not Recordable~ Persons Bound~ Notice: Neither this agreement nor any notice of it shall be recorded in any public records. This agreement shall bind and enure to the benefit of the parties and their successors in interest. Whenever the context permits, singular shall include plural and one gender shall include all. Notice given by or to the attorney for any party shall be as effective as if given by or to that party. Q. Conveyance: Seller shall convey ~he property by way of Warranty Deed subject to an easement for any utilities that may exist and lie on the property. R. Other Agreements: No prior or present agree- ments or representations shall be binding upon Buyer or Seller unless included in this Contract. No modification or change in this Contract shall be valid or binding upon the parties unless in writing and executed by the party or parties intended to be bound by it. S. Warranties: Seller warrants that there are no facts known to Seller materially affecting the value of the real property which are not readily observable by Buyer or which have not been disclosed to Buyer. BUYER: SELLER: -6- Approved as to orm.' ~Ci%y Attorney The foregoing instrument was acknowledged before me 'this p~ ~ ~~~ (n~,. of person acknowledging), who Is personally kno~ to me or who has identification).,,..~.,,,,~:~?~,~t, li,,,.:~.. ~n~: -,,. ~:~..~G~,,~42%'.S%-% Signa%ure of Nota~ Public- ~ ~99~005 ~% State of Florida ~ ~:.:f~0~::~ ~ Print ~e or Stamp N~e of %; ~w~ ........ ~%~ , '"',Z,~ ]N~}~&'~ Nota~ Pub1 ic -7- (:lTV DF DELRla¥ BEI:IgH CITY ATTORNEY'S OFFICE ~°° ~TM^~'~' ~"^¥ "~^~"' ~°"~^ ~"" FACSIMILE 407/278-4755 w~.t,'e.~ · ~ t",.~ ~esc=.~ ~.trt~ [~etra~ eeaci~ (407) 243-70g0 Ali. America City 1993 Date: June 2 3, 19 9 4 To: City Commission From: David N. Tolces, Assistant City Attorne~ Subject: Purchase of Vacant Property - Nelson This Resolution pertains to the purchase of a .17 acre vacant parcel on N.W. 4th Avenue. The property is owned by Patricia Ann Nelson, and she has agreed to sell the property for the appraised value of $7,500.00. The property will be used to construct affordable housing in conjunction with the City's Affordable Housing Program. Please call if you have any questions. DNT:ci Attachment cc: David Harden, City Manager Sharon Morgan, City Clerk's Office Lula Butler, Director of Community Improvement Regina Scott, Neighborhood Program Specialist Printed on Recycled Paper NOTICE OF INTENT TO ACOUIRE REAL PROPERTY NOTICE IS HEREBY GIVEN, that the City of Delray Beach, Florida, has determined it to be in the best interest of the City to purchase certain real property, for municipal purposes, more particularly described as follows: Lot 6, Block 34, TOWN OF DELRAY BEACH (f/k/a Linton), 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 10, Page 45, Public Records of Palm Beach County, Florida. Subject to easements, restrictions, limitations, and other matters of record for the purchase price of $7,500.00, less existing liens, and other good and valuable consideration. A Resolution of the City Commission of the City of Delray Beach, Florida, authorizing the purchase of property and on the terms and conditions set forth above, will be considered for adoption by the City Commission at a regular meeting to be held at 6:00 p.m. on Tuesday. July 5. 1994, in the Commission Chambers at City Hall, 100 N.W. 1st Avenue, Delray Beach, Florida. PUBLISH: Delray Beach News CITY OF DELRAY BEACH, FLORIDA June 30, 1994 Alison MacGregor Harty July 4, 1994 City Clerk