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AGREEMENT BETWEEN INDIAN RIVER COUNTY AND INDIAN RIVER HABITAT FOR HUMANITY FOR DONATION OF SURPLUS COUNTY -OWNED LANDS This Agreement for Donation of Surplus County -Owned Lands ("Agreement") is made and entered as of this 21St day of June, 2022 ("Effective Date"), by and between Indian River County, a political subdivision of the State of Florida ("County"), and Indian River Habitat for Humanity, Inc. a Florida not-for-profit corporation ("Applicant"), whose address is 4568 N. US Hwy 1, Vero Beach, FL 32967. BACKGROUND RECITALS: WHEREAS, County, pursuant to the requirements of Section 125.379 Florida Statutes, prepared a list of County -owned land appropriate for the provision of affordable housing; and WHEREAS, County, on June 21, 2022, following a duly noticed public hearing, adopted Resolution 2022-034, finding that eight (3) County -owned parcels, as set forth therein, were appropriate for the provision of affordable housing; and WHEREAS, County agreed to donate the parcels to non-profit housing organizations for the construction of homes and/or rental units for very -low-income and low-income households; and WHEREAS, Applicant is a Florida non-profit corporation and a corporation organized exclusively for charitable, religious, literary, scientific, and educational purposes as set forth in section 501(c)(3) of the Internal Revenue Code of 1986, as amended ("Section 501(c)(3) Entity"), and specifically organized for the purpose of building, rehabbing, and revitalizing homes and/or rental units for very -low --income and low-income households; and WHEREAS, Applicant has formally requested that the County donate the parcels shown in Exhibit "A" attached hereto and made a part hereof (each such parcel herein referenced as a "Lot") to Applicant for the construction of rental units for very -low-income and low-income households. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, County and Applicant agree as follows: ARTICLE 1 GENERAL REQUIREMENTS 1.1. Applicant shall construct and complete, through the receipt of a Certificate of Occupancy, one or more affordable housing rental units on each Lot as permitted by the zoning of each Lot, within three (3) years of the date of the deed of conveyance of the Lots to Applicant. Applicant and County acknowledge and agree that one (1) of the Lots has the capacity to be subdivided into multiple Lots, and each such subdivided Lot shall have one (1) single-family residence on it, and all such subdivided lots are, for all purposes herein, collectively included within the terms Lot and Lots. If a Certificate of Occupancy is not issued for any of the single-family residences on any Lot within the referenced 3 -year timeframe, the title to any such Lot shall revert to the County unless an extension of the three (3) year time frame is approved by the Indian River County Board of County Commissioners at a regularly scheduled meeting thereof.