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C) y� lh AGREEMENT BETWEEN INDIAN RIVER COUNTY AND COALITION FOR ATTAINABLE HOMES , INC . FOR DONATION OF SURPLUS COUNTY OWNED LANDS This Agreement for Donation of Surplus County - Owned Lands ( " Agreement" ) is made and entered as of this 2nd day of June , 2009 ( " Effective Date " ) , by and between Indian River County , a political subdivision of the State of Florida ( " County " ) , and Coalition for Attainable Homes , Inc . , a Florida not -for- profit corporation ( " Applicant" ) . 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 19 , 2007 , following a duly noticed public hearing , adopted Resolution 2007 - 068 , finding that ten ( 10 ) 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 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 homes for very low 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 homes 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 single family residence on each Lot within three ( 3 ) years of the date of the deed of conveyance of the Lots to Applicant . 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 . 1 . 2 . With respect to the Lots , Applicant shall , consistent with SHIP program Rule 63 - 37 , Florida Administrative Code ( " F . A . C . " ) verify the income of all original and subsequent I