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6477-00 . . . ORDINANCE NO. 6477-00 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, RELATING TO THE SALE OF CITY OWNED SURPLUS REAL PROPERTY; REPEALING SECTION 2.665, CODE OF ORDINANCES, SALE OF SURPLUS REAL PROPERTY (USE RESTRICTION; RIGHT OF REVERTER.); PROVIDING AN EFFECTIVE DATE. WHEREAS, the use restriction and right of reverter relating to the sale of City owned surplus real property is unreasonably restrictive and impairs the ability to achieve City objectives and should be repealed. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Section 2.665, Code of Ordinances, is hereby repealed in its entirety: Sec. 2.665. Use restriction; right of reverter. Whenever real property owned by the city and located within the city limits is sold, the deed shall contain a use restriction, with a right of reverter to the city, providing in effect that the grantee and all successors in title and interest to the grantee shall use the property for a purpose or purposes for which ad valorem property tax exemption shall not be available or for which ad valorem property tax exemptions shall not be applied for or granted, and that an application for an ad valorem property tax exemption to the property appraiser of Pinellas County shall cause the title to revert to the City of Clearwater automatically as of the date the application is filed regardless of whether the application is ultimately granted or denied. The restriction shall contain a covenant that each subsequent deed or other instrument of conveyance shall contain the same restriction, with reverter to the city and not to any intervening owner of the property. As an exception to the foregoing, real property of the city may be sold to another governmental agency if a use restriction as described herein and right of reverted to the city is imposed upon subsequent owners of the property by the deed from the city. Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING December 9, 1999 PASSED ON SECOND AND FINAL READING AND ADOPTED Febru~ 3, 2.QOO ~ /?\ Brian J. Aun#, Mayor-Commissioner Approved as to form: ~~c . arassas Assistant City Attorney ~ j/Yf ]ynthia E. Goude r -City Clerk Ordinance No. 6477-00