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R03-128RESOLUTION NO. R03- I & ~ A RESOLUTION OF THE CITY OF BOYNTON BEACH, FLORIDA, AUTHORIZING THE CITY MANAGER TO EXECUTE TWO SPECIAL WARRANTY DEEDS FOR (2) VACANT LOTS OWNED BY THE CITY TO BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION, A NON-PROFIT ORGANIZATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City currently holds fee simple titles to certain vacant lots located in the Cherry Hills Subdivision; and WHEREAS, the Boynton Beach Faith Based Community Development Corporation ("CDC") has qualified two applicants to build single-family homes on properties currently owned by the City of Boynton Beach, located in the City's redevelopment target area; and WHEREAS, the building of affordable housing will add to the tax base of the City; WHEREAS, the Commission upon recommendation of staff, has deemed it to be in the best interests of the citizens and residents of the City to grant conveyance by Special Warranty Deed of the two (2) vacant lots within the Cherry Hills Subdivision to Boynton Beach Faith Based Community Development Corporation, as described below: Lot 2, less the East 2.35' and West 1 ', Block 13, ROLLING GREEN RIDGE SEACREST ADDITION, as recorded in Plat Book 25, Page 22, of the Public Records of Palm Beach County, Florida And Lot 20, Block 25, ROLLING GREEN RIDGE FIRST ADDITION, as recorded in Plat Book 24, Page 223, of the Public Records of Palm Beach County, Florida. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF rilE CITY OF BOYNTON BEACH, FLORIDA, THAT: S:\CA\RESOLReal Estate\CDC Deeds 071003.doc Section 1. The City Commission of the City of Boynton Beach, Florida does hereby authorize the conveyance by Special Warranty Deeds of two (2) vacant lots within Subdivision to the Boynton Beach Faith Based Community Development Cherry Hill Corporation. Section 2. The Boynton Beach Faith Based Community Corporation shall use the said two (2) lots within two (2) years of conveyance, or the lots will revert back to the City. Section 3. This Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this |~'- day of July 2003. CITY~.O~/B 07/~/fl~ B,~H, FLO...RIDA Vice "Commissioner' erk - ( g :\CAhRESO\Real Estate\CDC Deeds 071003.doc Jffice of /he CitY Clerlt City of Boynt0n Beach ,D. 0. 80X 3]0 .SC?'nt0~ Beach, Florida THIS INSTRUMENT WAS PREPARED BY: JAMES A. CHEROF, ESQUIRE P.O. Box 310 Boynton Beach, FL 33425 3342g SPECIAL WARRANTY DEED THIS INDENTURE, made this BOYNTON "Grantor") CORPORATION, Seacrest Blvd., Boynton Beach, (hereinafter referred to as "Grantee"). 15' day of July, 2003, between THE CITY OF BEACH, FLORIDA, a municipal corporation, (hereinafter referred to as and BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT a Florid Non Profit organization, whose principal address is 2191 N. Florida 33435 ,Palm Beach County, Florida W I T N E S E T H: That said Grantor, for and in consideration of the sum of TEN ($10.00) DOLLARS, and other good and valuable considerations to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the Grantee, and Grantee's heirs and assigns forever, the following described land, situate, lying and being in Palm Beach County, Florida, to wit: Lot 20, Block 25, ROLLING GREEN RIDGE FIRST ADDITION, as recorded in Plat Book 24, Page 223, of the Public Records of Palm Beach County, Florida. Grantor does hereby warrant title to the land, and will defend the same against the lawful claims of all persons claiming by, through, or under the Grantor, but against none other. GRANTEE covenants that the real property conveyed by this instrument must be used to benefit Iow and moderate income persons and/or families, as those terms are defined by the U.S. Department of Housing and Urban Development and Palm Beach S:\CA\Departments\Community Redev\faithbased community - CDC 071003-2.doc Page 1 County, for a period of twenty (20) years from the date hereof. GRANTEE also covenants that the real property shall be used within two years from the date hereof. In the event of a breach of this covenant, title shall revert to GRANTOR. IN WITNESS WHEREOF, Grantor has caused this Deed to be executed by its duly authorized officer the day and year first above written. Signed, sealed and delivered in our presence: Witnesses: Signa(ure (Type dr print name~) Signat~r~ ' (Type or pnnt n e) CITY OF,OOYNTON BEACH, ,J~ayor Approved as to Form://' ~¥City Attorney~/' STATE OF FLORIDA ) ) SS.: COUNTY OF PALM BEACH ) -3 The foregoing instrument was acknowledged before me this /7 ~'<day of-May, )~--' 200~, by GERALD BROENING as Mayor of THE CITY OF BOYNTON BEACH, FLORIDA, a municipal corporation, on behalf of the corporation, who is personally known to me, and who did not take an oath. My Commission Expires: NOTARY PUBLIC S: \CA\Departments\Community Redev\faithbased community - CDC 071003 -2 .doc Page 2 THIS INSTRUMENT WAS PREPARED BY: JAMES A. CHEROF, ESQUIRE P.O. Box 310 Boynton Beach, FL 33425 SPECIAL WARRANTY DEED THIS INDENTURE, made this I~' day of July, 2003, between THE CITY OF BOYNTON BEACH, FLORIDA, a municipal corporation, (hereinafter referred to as "Grantor") and BOYNTON BEACH FAITH BASED COMMUNITY DEVELOPMENT CORPORATION, a Florid Non Profit organization, whose principal address is 2191 N. Seacrest Blvd., Boynton Beach, Florida 33435 ,Palm Beach County, Florida (hereinafter referred to as "Grantee"). W I T N E S E T H: That said Grantor, for and in consideration of the sum of TEN ($10.00) DOLLARS, and other good and valuable considerations to Grantor in hand paid by Grantee, the receipt whereof is hereby acknowledged, has granted, bargained and sold to the Grantee, and Grantee's heirs and assigns forever, the following described land, situate, lying and being in Palm Beach County, Florida, to wit: Lot 2, less the East 2.35' and West 1', Block 13, ROLLING GREEN RIDGE SEACREST ADDITION, as recorded in Plat Book 25, Page 22, of the Public Records of Palm Beach County, Florida. Grantor does hereby warrant title to the land, and will defend the same against the lawful claims of all persons claiming by, through, or under the Grantor, but against none other. GRANTEE covenants that the real property conveyed by this instrument must be used to benefit Iow and moderate income persons and/or families, as those terms are defined by the U.S. Department of Housing and Urban Development and Palm Beach S:\CA\Departments\Community Redev\faithbased community - CDC 071003.doc Page 1 County, for a period of twenty (20) years from the date hereof. GRANTEE also covenants that the real property shall be used within two years from the date hereof. In the event of a breach of this covenant, title shall revert to GRANTOR. IN WITNESS WHEREOF, Grantor has caused this Deed to be executed by its duly authorized officer the day and year first above written. Signed, sealed and delivered in our presence: Witnesses: '-' .... S ignatuq~ r · (Type (Jr'print name) Signatur~'~ - (Type or print name) CITY OF 80YNTON,,BEACH Approved as to Form: (~ity Attorney, ' STATE OF FLORIDA ) ) SS.: COUNTY OF PALM BEACH ) ~ The foregoing instrument was acknowledged before me this / -) day of 200~, by GERALD BROENING as Mayor of THE CITY OF BOYNTON BEACH, FLORIDA, a municipal corporation, on behalf of the corporation, who is personally known to me, My Commission Expires: and who did not take an oath. NOTARY PUBLIC (Type or print name) S: \CA\Departments\Community Redev\faithbased community - CDC 071003 .doc Page 2