3/9/2016 10:51:23 AM
10/1/2015 3:37:21 AM
Official Document Type
Agenda Item Number
Coalition for Attainable Homes
Surplus County owned lands Coalition for Attainable Homes
Geoffreys Sub. W.E. Geoffreys's Sub Smith Plaza Sub.
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C) y� lh <br /> AGREEMENT BETWEEN INDIAN RIVER COUNTY <br /> AND <br /> COALITION FOR ATTAINABLE HOMES , INC . <br /> FOR <br /> DONATION OF SURPLUS COUNTY OWNED LANDS <br /> This Agreement for Donation of Surplus County - Owned Lands ( " Agreement" ) is made <br /> and entered as of this 2nd day of June , 2009 ( " Effective Date " ) , by and between Indian River <br /> County , a political subdivision of the State of Florida ( " County " ) , and Coalition for Attainable <br /> Homes , Inc . , a Florida not -for- profit corporation ( " Applicant" ) . <br /> BACKGROUND RECITALS : <br /> WHEREAS , County , pursuant to the requirements of Section 125 . 379 Florida Statutes , <br /> prepared a list of County - owned land appropriate for the provision of affordable housing ; and <br /> WHEREAS , County , on June 19 , 2007 , following a duly noticed public hearing , <br /> adopted Resolution 2007 - 068 , finding that ten ( 10 ) County -owned parcels , as set forth <br /> therein , were appropriate for the provision of affordable housing ; and <br /> WHEREAS , County agreed to donate the parcels to non - profit housing organizations <br /> for the construction of homes for very - low income and low - income households ; and <br /> WHEREAS , Applicant is a Florida non - profit corporation and a corporation organized <br /> exclusively for charitable , religious , literary , scientific , and educational purposes as set forth in <br /> section 501 ( c ) ( 3 ) of the Internal Revenue Code of 1986 , as amended ( " Section 501 ( c ) ( 3 ) <br /> Entity" ) , and specifically organized for the purpose of building homes for very low and low <br /> income households ; and <br /> WHEREAS , Applicant has formally requested that the County donate the parcels <br /> shown in Exhibit " A" attached hereto and made a part hereof ( each such parcel herein <br /> referenced as a " Lot" ) to Applicant for the construction of homes for very - low- income and low- <br /> income households . <br /> NOW , THEREFORE , for good and valuable consideration , the receipt and sufficiency <br /> of which is hereby acknowledged , County and Applicant agree as follows : <br /> ARTICLE 1 GENERAL REQUIREMENTS <br /> 1 . 1 . Applicant shall construct and complete , through the receipt of a Certificate of <br /> Occupancy , one single family residence on each Lot within three ( 3 ) years of the date of the <br /> deed of conveyance of the Lots to Applicant . If a Certificate of Occupancy is not issued for <br /> any of the single family residences on any Lot within the referenced 3 year timeframe , the <br /> title to any such Lot shall revert to the County unless an extension of the three ( 3 ) year time <br /> frame is approved by the Indian River County Board of County Commissioners at a regularly <br /> scheduled meeting thereof . <br /> 1 . 2 . With respect to the Lots , Applicant shall , consistent with SHIP program Rule 63 - 37 , <br /> Florida Administrative Code ( " F . A . C . " ) verify the income of all original and subsequent <br /> I <br />
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