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Res 36-91 RESOLUTION NO. 36-91 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORI DA, AUTHORI ZING THE CITY TO PURCHASE FROM THE SELLERS CERTAIN REAL PROPERTY IN THE CITY OF DELRAY BEACH, WHICH PROPERTY IS LOCATED WI THIN BLOCK 18 OF THE TOWN OF LINTON, CITY OF DELRAY BEACH, FLORIDA, AND WHOSE STREET ADDRESS IS 521 N. W. 2ND STREET, HEREBY INCORPORATING AND ACCEPTING THE CONDITIONS AND TERMS OF THE CONTRACT FOR SALE AND PURCHASE BETWEEN THE SELLERS AND THE CITY OF DELRAY BEACH, FLORIDA. WHEREAS, the City of Delray Beach, Florida, wishes to acquire certain property within Block 18 of the Town of Linton within the City of Delray Beach for purposes of providing for in-fill housing; and WHEREAS, the Seller hereinafter named desires to sell the property hereinafter described to the City of Delray Beach, Florida; and WHEREAS, the City Commission of the City of Delray Beach, Florida, hereby approves the contract for Sale and Purchase concerning acquisition of this site; 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 enter into a Contract for Sale and Purchase with Barnett Banks Trust Company, N.A., as Trustee for Mildred Beuthel for the purchase of a parcel of land, for the purchase price of Two Thousand Fifty Dollars ($2,050.00), plus other good and valuable consideration consisting of payment for a title search, back taxes and reimbursement of Five Hundred Dollars ($500.00) for a deed in lieu of foreclosure that the Seller will remit to Security Investment Corporation, and forgiveness of certain City liens; said parcel being more particularly described as follows: West 50 feet of the South 150 feet of Block 18, Town of Linton, according to Plat Book 1, Page 3 of the Official Records of Palm Beach County, Florida. Section 2. That the costs of closing the transactions shall be borne by the City of Delray Beach, Florida, except that Seller shall pay for documentary stamps. Section 3. That the terms and conditions contained in the aforementioned contract for Sale and Purchase and addendum thereto between the City of Delray Beach, Florida, and the Seller as hereinabove named, is incorporated herein. PASSED AND ADOPTED in regular session on the 14th day of May ~~ , 1991. ATTEST: City Clef~ /~ I ~__.~.P,O, Box 2004, Win~et ~_ Ulty o~ Delray Beac ~ ................. Palm Beach W 50' of S 150' of Block (0) St,oOl¢Od,osS.¢ily.:i¢io'~heP,Op,V'lyis ~'21 N.W, 2n4 Street, Delray Beach. FL ......... mt, PU~CHAS~ Pmc~.....S,~,~...A~.4.e~P~..,','.?, ..................................... ~ 2,050.00 PAYMENT; id} Olher:_ See Addendum "A" s 2~050~00 , IlL TIME FOR ACOEPTANOEI EFFECTIVE DATE: II thi~ ONCe i; ~Ot ~,OCutCd b~ a,~O d~lmvO,od lo CH ceeb0; OR CACT O~ ~X~CL;TIOH $Omm,, ~l:o~0d In wt,{in0 bo[w~en Xill, A~IONABILITY: [CHECK ( I} o~ (211 8u',e' ( 1 t ~ ~ay a~ 9~ On (~ I~ "a~ n~l a%~,;'~ THtS IS INTENDED TO BE A LEGALLY BINDING CONTRACT, IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING, (Buyer) {~ollvd BROKERS FEE. {CHECK & OO~L~TE TIaE ONE APPLICABLE~ By' O~ · ST~ 'iDS FOP. RI;iAL, ESTATE TRAHSAC'i'IOH$ . ,. ..... . .... ,..,, , .... ~;,: .' ~ JSPECT~N REPAIR ApO ~lfil~f/~r*. ~ch~,~u' ~. I ~ '~ ~ ~,~1~ ~nk C06 ~ ~or a~lce~, m.:¢~, ~.~/',,,w. ~;%~j ' ~ ;n n h~ An,lAl~C}O~ ~r Or A~dendum Buyer will forgive and remove all liens against the property by City of Delray Beach in the approximate amount of $2,600.00. 2. Buyer will as,ume all tax liens in th~ approximate amount of $[,350.00. 3. Buysr will pay for a title search in the approximate amount of $200.00. 4. Buyer will pay $500.00 for a deed in lisu of fore¢losur~ from Security and Invegtmen~ CorPoration. / 5. Buyer will provide, at Buyer's expense, a Trustse's Deed for the signature of Elizabeth A. Pgtterson, Senior Vice President, from Barnett Ba~ks Trus~ Company, N.; aa Trustee for/Mildred Beuthsl. 6. Seller will pay documentary stamp tax on the deed in the approximate amount of $130.00, as municipali:ies are forbidden by s~ate statutes to pay the tax. Addenaum "5" ADDllh'I)UH '['0 COtCTRAC'!.' FOR SAI.I', Alii) PURCliASF. ×tl t',PKC L^L CbAUSCS Cull execut[~ o~he conccact, [[) No co.,nL~s~n si~ bo p~Ld unless th~s cransactton ~s compto~ed nccordin~ ~o~t~ ~orms o[ tl)o con~ract, nor si~a~L [or[e~ted binder Darnetc. 6~;~k~; Tt-usc Comp,~ny's scnndnrd [orm of DLscloL,ner ~L~h respoc~ ~o 6~n[l[c~ or [ncurcs¢ musu be cxecuuud by Buyer s[mu~Lnnoously D. Conveynnce ~ ,'~ F. RenL A Pecson~) Any real 6 personnk j)roi)crt)' LucLudud tn CliPs conLracc The al'orenaid rr~al Hr'opurL/ iS sOld "nS [S", wLth the exceptkon o[ expense o[ CrenCmenL ,nnd/or repobr[n8 existLn~ damase [~'om [n[ostat[on in ~he tml]COVer;iel)~s [~ t~m[tod ~o ~ n,axlmu~n o[ $500.00 H. Purchase Hone), nu ~rans[or nor as~ignme~ any in~eresC, legal ov e(lu~tab~o~ b7 the ~ would re,utc [n Sekte~av~8 che opt[on co ncce[qrat~ the rema~nLn batance due on ~ho p~clmse~oney m~rtgoge, 't'h[~ contvuuL [s subject co ~(nnl approval'o[ che Trust CommL~r, oe Darnqc~ banl¢~ TcugC Company, N. A., nad o0{)~ov4~ o[ Probn:o Court JurLudlcqton, b toke r Ua Barnelt Banks Trust RE: 521 N.W. 2nd Street, Delray Beach, FL Genflemem The undersigned is purchast~g from yOU, as hdu¢iary, the property described 8bore which is held by you in a lidu¢iar¥ account. The pt.Jrpose ol this leller ~s to assure you that lhere does not exist any relationship '¢¢h)ct~ c0,,~d resul~ ~ a conflict o~ ~ntetest because the ptope~y described ~bove is sold by your bank from a f,duoiary ~ooum~ ~o i~e u~ders~gr~ed, Fudhermore, d~is w,f~ assure you that there is no mtere¢ or connect,on be~ k'eer~ the purchaser pf the properly an¢ yOUr bank thal might affecl the besi judgmenl of FOur bank in se~ling the pro~'d~ tO the purchaser Thi~ will acknowledge that the un~er&5]ned t~ reviewed the information on me ~3¢ck O~ th~s leltor prior to execuling ~t, Very truly yours. LAHD APPRAISAL REPORT eo.o....e, LONNIE & PHYLLIS DURHAM C~.,~,,.T,a,-, 69.01 ~.~,,.,,~ ...... 46_4--3_1_7 _ C,,~ DELRAY ~ACH c~,,~,~EAh~I. BEA~I! ...... ~ ...... FLORIDA z,ocoo,, 33444 ~M ..... gTme DUndeF3Mos ~4-CMos ~OverCM ..... q ...... ,PuOhcT .............. ~ ~ ~ C~ange,nP ...... LandUse ~NOIL,kel, DL,keIyCI Dl~,,ngP .... F) Prop .... Compahb,hty D ~ ~ (') Crom TO P ......... ,rom Del ..... Iai C ......... ~ ~ ~ Comments including Ihose faclors, favorable or u,lavoraOle, affecting marketability (e.g pubhc parks, school~ v*ew. noise) THE ECONOMIC IMPACT OF THIS NEIGHBORHOOD IS BOUNDED BY 1-95 & SWI~'0N AVENUE & FROM LAKE IDA ROAD TO LOWSON BLVD. MOST MAJOR CONVENIENCES ARE NEARBY. MOST tl0MES ARE OLDER: S~LL IN SIZE & OF AVERAGE QPALITY .... ~0NSTRUCTI0~, ~O CHANGES IN THE ECONOMIC BASE IS EXPECTED. o,~.,~o., ~0 X 1¢0 7.500 +/-s~ ¢, o~*=,,~- zo~,.~¢...~,ic.~io, glA (S.F.RESID-DELRAY BEACH) Pf,,en~impro~ement~ ~00 ~Oonolconlormtozomngregulal,ons H*ghes~andbesluse: ~mresemuse ~Olher(specily) ~p~VED WITH SINGLE FAMILY RESIDENCES PuOlic Other (Describe) OFF SITE IM~,OVEMENT5 ~ ~o~o LEVEL SITE ~,.~ ~ st,..~.~,: ~..~,,~ ~..~,~s~. TYPICAL OF AREA s~ ~ so~=, ~_ _ls"'~' RECTANGULAR San Sewe,~ ~Undetground ~S,ormSewer ~C~b/Ou... [D,a,,,geAPPEARS ADEQUAtE/ZONE C, 125102-O4C ENCROACHMENTS NOTED. MINOR VlOLATION~ IF ANY. BY MOVABLE OR EASILY REPLACEABLE ITEMS ARE NOT DETRIMENTAL TO VALUE, SUBJECT TO SURVEY. AO¢ .... W.50'OF S.150' LOT 4, BLOCK 6 S.96'0F N.I44'OF E.135 LOT 12, BLOCK 14 OF BLK.!8,TWN.[ ATLANTI~ GARDENS OF BLK,_~ ~N.DELRAY OSCEOLA PARK - P,o~os~ 1/6 bllL[WEST -(/- 1 BLOCK NORTH +/- 1/2 MILE NE +/- =.ooo s~,,~P ....~:~I' ~.OOC ;s 9,000 * .... s N/t ~Tq~ ..... .8~~s .93 s 1.36 D~¢ so.,o~ ~SPECTION REDI REDI REDI D ,Saleand .... DESCRIPTION DESCRIPTION [-'%F DESCRIPTION [ ' .... DESCRIPTION] T,meAdt ...... , 11/90 9/90 ..... '. 4/90" - 7/90 Loc~,o~ TOWN OF DELRAY ATLANTIS GRDNSL 1 TOWN OF DELRA~ - OSCEOLA PARK ~-3000 s,,,~v,e~ CORNER/RESID INSD/RESID I +~0~ INSD/RE~IL'~ +500 SIMILAR ~ - FRONT FEET 50 50 ---~l 9~ ,, - 50 ,, ~.FEET 7500 6850 ~ +50( 12.960 r -5000 5600 ~ +500 ZONING RI~ RH-6 ~_ ~_~100( R1A ~ - R1A ~_ - s~.~ o, ~,o,~cm~ NONE NONE ~ NONE ~ 901 P.M.H. T - l ooo co,~,o.~ DISCLOSED I DISCLOSED ~ - , I ,.,,~.l~ ~.,.. ~~',- ', o,s.~iec~ ~~ 6.006 ~ ~ 7.500 s 5,500 co .... t,o~,~,D~ IN THE PAST ,5 YEARS_Z~!~AVE NOT BESN ANy $A~ES O2 VBRY SZHIbAR PROPERTIES. THE ABOVE 3 SALES ARE Tile k~OST RECENT & BEST AVA_ILABLE, co~e,,~a~0 co~o~,,o,so,~oFa,sa, PRIOR SALES HI~TOR~ SUBJECT--$ 15.O00 IN _~O~!~!7-NON~ REPORTED; _. COMP 2--NONE REPORTED; COMP~y~A~i~]. A.~T!nL~URCBA5E ~,a, aeco,c,,ia,,oa IN THE APPRAISAL OF INDIVIDUAL SINGLE FAHILY LOTS, ONLY THE HARKET DATA APPROACH IS THE APPROPRIATE METHOD OF VALUATION. NOVEH~ER .1 '~ 90 I ESTIMATE THE MARKET VALUE, AS DEFINED, OF SUBJECT PROPERTY AS OF PHOTOGRAPH ADDENDUM BorrowerlClienl Lonnie & Ph~/lliS Durr;an ~;~,~ ~--~., ~'~- ~. ~. -'~n-a--~t-r~'~ ............................................. --'- ........ I~,,y De]ray Beach ILen'der Barnet~ Bank ................. FRONT OF SUBJECT PROPERTY REAR OF SUBJECT PROPERTY STREET SCENE ADDITIONAL PHOTOGRAPHS ON REVERSE SIDE MAP 2 ATLANTIC PUBLIC F~- gu SAFETY Z ~ ,'~ FACILITY g ~ ,,. ,,, ' ~ S W ~ ~ Is* ~ ~'T.- Z ~i)E'FI~II'i'I[)N OF ~VI^RKE'I' ~;: Thc m.~ pro!,;:ble pric~ whicb a prup~rly should bring m a com~tmve and nl~lrkcl ul der all condili.n~ rcqu .... , a I~llr ~;llC, Ibc buyer and ~cller, eakh UclJng prudcmly, km~wlcdgeably and ;tlld thu, p;in~ill~ el lille Iit~lll huller I. hu)'er ll~tl~'r c'~mdilionn whcrch): Iii buyer and belier tire lypicall) IlltllJval~d, (~j bt~lh Jxlrhvx ;irc ~cll illl~)lllled el ~'uJJ ~ldS'iscd. alid cach HL'IIII~ Iff whul hs' L'lHIsJdern Jlin ~)wn henl IIIICfL'S[; (.J) U [L'U~IHla~IIc [lllJu' I~ dJJ~)WL'd h~l expo~lle iii IbC i)JK'Ii II~arku'l. 141 p;i) lllen( is fllad~ in IRIIIIS ill c~sh ill LJS. dollars JJr ill leflll~ ~1 IJn;lncl;iJ fc;tdil)' idenliliablc since Ibc scllcr pay~ Ihcse ti)sis Ill virtually all sales Ir~nsaclJOrlS. S~ciai ur crcalivc I~llaflCln~ ad,iunlnlenln call be made lo the c~lllparahJg prO~'~y hy conlparinonn lo I~nafi~in~ leriliN ol'l~red b~ a IbJrd pafly IIISlllLilioIlal lender Ihal CERTIFICATION AND S'I ATEMI,:N'r ()1.' I.IMI'I'IN(; ('()NIHTIONS CERTIFICATION: The A~pra~s~r cenifie~ ~nd ~r~ Ih~l: 2. 'fb~ Appraiser Jl;l~ nu personal ifll~resl Jfl or bJ;l~ W~lh rcM)cci lu Ibc ~ubjecl Illallef i)J IJl~ apl)r~inal ru'purl ~Jl Ihe p;lrllLI panls lo the sale. Thc "Enlilm,tc o1' Markcl V~ltJ~" in Ihe appraisal repolt I~ ilOl I)ascd m whule or in pan upon IbL' race. l~lJlJcS llrld ~lUrldards t)l' J~rl~l~snJOflal C()fl(Jtiu'l ul Ibc ~lppr;llndJ ()r~llnlza[li)ll~ wilJl wllJcJl IbR Appra,scr ]s aJ'J~Jiuled. 6. All c.nciusions and opiniuns cunc~rnin~ Ibu' real L'sl~J~ Ih~l ute scl Ii)fiji in lll~ ~ppra~sal relx~n w~re preparcd h~ Ibc Appraiser whose nJgnulu/c appc'arn oil Iht appraisal reporl. LlnJ~ss indicalud as "Review Appruiscr." No chunge ul an) ilenl in ffhe appraisal rcl~Jrt shall be Itlatlc b)' afiytJllC (~lJlcl Ibdn Ibc Apprl.ncr. and lilt Appraiser shall ba ntl respunsihilus I.r ~n) / [;ON'I'INI;I.:NT A~l) I.I~II'I'IN(; (T()NI)I'I'I()N~: I'l~e L'~'t'IIIiL'alI~HI Ill IbC Appra~ur ilppu'afln~ iii Ibv upprmnal rclx~rl in Slthju%.l ~lppralsL'd ils IhlJllgh undcr le~J)OllslhJc,(l~ riel ship ' ] All~ skelL'b ill Ibc fcpurl Illay ~hll~' ;llJl~fO~llll~llu dUllUll~iOlln dlld is illcJudcd Iii asslnl Ib~' r~ud~l iii vi~llallllll~ Ihe plop eny Thc Appra,scr Illin Iliadg llll survey llr ibc properly. 3. The Appraiser in SOl required lo ~ivu. IL'SlnllOIly or alJl~ar if1 cuufl because' el buying Ill.de Ibc appraisal wilb relbrcncc hJ Ihe property in qU~slll}fl, unless arraflgRIiiUiIIs huvc bccn p~cviously made IhercliJr. 4 Any dislribulion ~ll' Ibc valualion in Ibc report helwccn l~nd and imprl~v~nlcnls applies only under Ihe exislin~ progrum o1' ulilizalion. The s~parale val~ulionn fi~r lund alld building nlusl fil)l be used in c~mjuncl~on wilh any olher appraisal and invalid ii so used. 5. 'l'be Appraiser aSSUlllUS Ibal Ihcr~ arc no bidden or unapparcnl condili~ms of Ihe pro~fly, stlbs~lil, t~r slrUcluren, which would rendur ~1 IIIOfc ~Jr less v~luable. The Appraiser assumes n. rcsl~msibitily 10r such c~ndilions, nr fi)r engineering which migbl be r~quircd Io discover such I~lclors, 6. InJ~Jrlll~lios, enlinlales, ~nd opinions furnished Io Ihe Appraiser, and c'un~ained in Ihe re~n, were oblained from sources considered rcliab~ alld bcliuvcd Io b~ Iru~ and corrccl. H~lwev~r, mJ ren~msibilily Ibr accuracy of such ilems lurnished Ibc Appraiser can be assunmd by Ihu Appraiser. " 7. Disclosure of Ihe conlenls o1' the appraisul report ~s governml by Ihe Byluws and Regulalions o1' Ihe prol~ssi~mal appraisal organizalinns wilh which Ibe Appraiser is al'lilialed. 8. N~ilbcr all. iI~lr ;111) pa~ (IJ' Ih~ CIIliIRIII iii' Iht reporl, or c~Jpy Ihereof (including conclusions as ll~ Ibc pr~) value. IhL' idcnlil)r ul' die Appraiser. prol~ssional denignaliuns, relbrence I. any pn~lL'nsinnal appraisal organizalion~, or Ille I]rnl which Ihe Appraiser in collllecl~d), nball he u~ed Ib~ an) purposes h) any~mc bul Ihe cJi¢lll s~cilied ill Ibc re.)ri, Ibc organlzallons, all) slllle ~r I~deralJy approved J~lllmcial iil~,lJluJlOfl, al~y depa~menl, agency, or inslrunlenmlily of Ibc Untied Slales or ally nlaI¢ or Ibc Dislricl o1' Culunlbia, wilhoul Ibe pr?Jous wrillen co~s¢lll of lhe Appraiser; nor shall il be conveyed by anyone 1o IIle public Ihrough advertising, public relalJons, llews, sales, or olher media, wilhoul Ille wrillen consUlll and appr.val of Iht Al)pr;user g. On all appra~uln, suhjecl lo salisfaclur~ cumplcli~m, rvpa~rs, .r ;dleralit~nn, Ih~ appraisal reporl ;ind value u'unclun.m are ~less 0t~mise sta~ in this ~, L~ existence of hazards ~Leria], /~Jch ~y or ~y ~t ~ p~sm( 0n ~ pm~y, was ~L ~ by ~e ~'~)praiser. ~ t~raise~~ has no k~vl~ of Lhe exis~mce of such mLerial on or in Lhe p~y. 3~ ~raiser, h~,~ver, is ~t qua ifi~ to det~( such subsLances. ~ p~s~ce of substances such as as~sLos, u~a--ro~idehyde ~oam insu]aLion, or oLher ~L~tiall~ hazards ~Lerial ~y aff~L Lhe quali(y of the p~y. ~Y~ value esLi~Le is p~icaL~ on the ass~ion thaL Lhem is ~ such ~Lerial on or in Lhe p~Ly EhaL ~,~)u]d cause a loss Jn value. ~ ~s~nsibiliLy Js ~ssu~ ~0r an~ such condJti~ o~ ~or an.y ex~LJse 0~ ~in~i~ kn~v]~ge r~ui~ Lo discove~ ]~ c~ic~L is u~ to ~ain an ex~L in Lhis ~ieid, if~dosi~ '