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2009-273B
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2009-273B
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Last modified
3/15/2016 1:10:32 PM
Creation date
10/1/2015 12:57:13 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/20/2009
Control Number
2009-273B
Agenda Item Number
12.A.1
Entity Name
Treasure Coast Homeless Services Council
Subject
Community Development Block Grant Neighborhood Stabilization Program
Supplemental fields
SmeadsoftID
7906
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. . . . . . . .. .. . . . . . . .... . .. ... . . . . . . . . .. .. . . . . .. . . . . .. . . . . . .. . .... . <br /> • Complete the due diligence on each property, including but not limited to the following . <br /> • Obtain a property appraisal report to determine the fair market value of the property, <br /> • Obtain a title search of the property to verify the ownership of the property and <br /> ensure that there are no outstanding liens on the property, <br /> • Obtain a Phase I Environmental Site Assessment for the property to ensure that the <br /> property has no history of contamination, <br /> • Obtain a lead inspection of the property, if the property was constructed prior to 1978 . <br /> • Obtain an asbestos inspection of the property, <br /> • Obtain a termite inspection of the property to ensure the property has no infestation, <br /> • Obtain a survey of the property to ensure that the property has no encroachments and <br /> that the floor elevations of the structures on the property are all above the required <br /> flood plain elevations, <br /> ■ Review due diligence reports on housing units being considered for acquisition by the <br /> Treasure Coast Homeless Services Council, Inc . and reaffirm original recommendation to <br /> purchase the units; <br /> ■ Coordinate the closing and transfer of title from the original mortgage holder to the <br /> Treasure Coast Homeless Services Council, Inc . ; <br /> ■ Take title to the NSP housing units that the Treasure Coast Homeless Services Council, <br /> Inc . desires to acquire; <br /> ■ Develop a work write up and price for rehabilitation of each property purchased by <br /> Treasure Coast Homeless Services Council, Inc. ; <br /> • Oversee the construction contract award, construction contract signing and construction <br /> associated with the rehabilitation of the NSP housing units; <br /> ■ Maintain the NSP properties acquired by the Treasure Coast Homeless Services Council, <br /> Inc. as affordable rental housing for the minimum amount of time required by <br /> DEPARTMENT. The minimum amount of time required by DEPARTMENT shall <br /> commence with the date of completion of rehabilitation (if applicable) of the housing unit <br /> or from the date of acquisition if no rehabilitation to the housing unit is required . <br /> o Maintaining the properties shall include activating and maintaining all utilities , <br /> obtaining and maintaining property owners and liability insurance, collecting <br /> rents, keeping the housing units insured, maintaining reserves, performing <br /> property maintenance, evicting tenants as necessary, securing and qualifying new <br /> tenants as well as physically maintaining the property. <br /> o To ensure each residential unit purchased under this program remains affordable , <br /> the Treasure Coast Homeless Services Council, Inc. shall place a deed restriction <br /> in favor of the County, limiting future tenancy to qualified residents, as deemed <br /> by the program requirements . The life of the deed restriction shall correspond <br /> 33 <br />
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