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3 . ACQUISITION PURCHASE ASSISTANCE With respect to the acquisition purchase assistance strategy , a notice will be place in a newspaper with Local circulation advising all local owners of foreclosed or abandoned properties , including lending institutions , of the availability of the NSP program and of the local government ' s intent to purchase foreclosed , abandoned , blighted and deed in lieu of foreclosure properties . By utilizing information obtained from the County Clerk ' s office , information obtained from Realty- Trac , information obtained from various financial institution web sites , and information provided by the owners of eligible properties , the local government will compile a pool of eligible properties . A request for proposals will be published to solicit local non- profit and for profit organizations that wish to assume the role as sub - recipients in the local government ' s NSP program . The organizations selected will be utilized to acquire and rehabilitate foreclosed properties . The selected properties will be sold to eligible homebuyers as their primary residence . All proposals received will be evaluated and ranked based on each organization ' s ability to best address the activities included in the NSP program in the time allowed . The proposed ranking will be submitted to the Indian River County Commission for final action . A sub - recipient agreement will be executed with each approved organization . Once selected , each organization will be provided with a list of available properties that meet the requirements of the NSP program . From that list , each organization will develop a list of properties that it would like to purchase in order to carry out its NSP program strategy . All properties considered for acquisition will be inspected by the housing specialist , and a written report and cost estimate will be prepared and presented to County staff. This report and cost estimate will be used to determine which properties would best address the strategies to be carried out as part of the County ' s NSP program . An appraisal will be prepared for each property considered for purchase . No longer than sixty ( 60 ) days after the completion of the appraisal report on the property , a written offer to purchase will be submitted by the local government or its sub - recipient partner to the property owner utilizing the Florida Association of Realtors purchase option contract which has been approved by the Florida BAR . The contract shall include the following contingencies : 8