REAL PROPERTY DONATION AGREEMENT - 1112 PALM BLUFF STREAL PROPERTY DONATION AGREEMENT
This REAL PROPERTY DONATION AGREEMENT ("Agreement") is made on this /7 day of
/-thuk4y , 2021, ("Effective Date") between the City of Clearwater (the "City"), a Florida municipal
corporation whose address is 600 Cleveland Street, Suite 600, Clearwater, FL 33755 and Corporation to
Develop Communities of Tampa, Inc. ("CDC of Tampa"), a Florida not for profit corporation whose
address is 1907 E. Hillsborough Avenue, Suite 100, Tampa, FL 33610.
RECITALS:
WHEREAS, the City is the owner of a parcel of real property, commonly known as 1112 Palm
Bluff Street, Clearwater, FL 33755 ("Property"); and
WHEREAS, CDC of Tampa is a not for profit corporation within the State of Florida established
for the purpose of creating opportunities by deploying comprehensive community development
strategies that connect workforce development, housing and real estate with education, resident
leadership and community safety to drive economic prosperity; and
WHEREAS, CDC of Tampa wishes to acquire the Property for the construction of a single-family
home for a qualified family, and the City desires to donate the Property as provided for under Section
2.01(d)(5)(i) of the Clearwater City Charter, subject to certain conditions; and
WHEREAS, the parties desire to memorialize their Agreement.
NOW THEREFORE, in consideration of the mutual covenants herein contained, and the mutual
benefits to be derived hereunder, the receipt and sufficiency of which is hereby acknowledged, the
parties agree as follows:
1. The recitals set forth above are true and correct and are incorporated herein by reference.
2. This Agreement describes the respective responsibilities of each party in providing for the
donation of the Property for the purpose of constructing a single-family home to be used for
affordable housing.
3. The Property (Pinellas County Property I.D. No. 10-29-15-33552-006-0390) is legally described as
follows:
Lot 39, Block F, GREENWOOD PARK NO. 2, according to the plat
thereof as recorded in Plat Book 8, Page 16, Public Records of Pinellas
County, Florida.
4. The parties agree the value of the Property is Twenty-one Thousand Seven Hundred and 00/100
Dollars ($21,700.00) and that no monetary consideration is being received by the City in
connection with said donation.
5. The City agrees to donate, convey and transfer to CDC of Tampa, all of the City's right, title and
interest in and to the Property subject to the terms, conditions and provisions hereof. The
donation of the Property contemplated by this Agreement shall be conveyed by Special
Warranty Deed. The Special Warranty Deed shall contain a reverter clause providing that in the
event CDC of Tampa has not commenced and/or completed construction of the improvements
[G M 20-1510-257/262484/1]
Real Property Donation Agreement between
the City of Clearwater and Corporation to Develop
Communities of Tampa, Inc. —1112 Palm Bluff
within the timeframe(s) specified in paragraph nine (9) below, CDC of Tampa shall forthwith,
upon the request of the City, reconvey the Property to the City via Special Warranty Deed. The
City makes no warranties as to the marketability of title and donates the Property in "as -is,
where -is, with all faults" condition.
6. CDC of Tampa shall have, at its own expense, the right to conduct inspections and determine
feasibility of accepting the donation of the Property, including condition of title. For purposes of
physical inspection of the Property, the City grants CDC of Tampa, its agents and professionals
engaged by such parties, the right to enter upon the Property. CDC of Tampa shall not perform
any inspections or tests requiring invasive methods without prior written consent of the City.
CDC of Tampa shall have sixty (60) days after Effective Date ("Inspection Period") within which
to have such inspections of the Property performed as CDC of Tampa shall desire during the
Inspection Period. If CDC of Tampa determines in its sole discretion that the Property is not
acceptable to CDC of Tampa, it may terminate this Agreement by written notice to the City prior
to the expiration of the Inspection Period and thereafter City and CDC of Tampa shall be
released of all further obligations under this Agreement.
7. CDC of Tampa will pay all closing costs associated with the transfer of Property, including but
not limited to; settlement fees, title insurance, appraisal fees, taxes, and recording fees.
8. CDC of Tampa shall have, at its own expense, the right to purchase title insurance. Any matters
set forth in the title commitment, including any defects, or liens and encumbrances, shall be the
responsibility of CDC of Tampa to cure, or accept as exceptions to the title policy.
9. The Property must be used by CDC of Tampa for the sole purpose of constructing a single-family
home to be sold to a household whose total household income does not exceed one hundred
twenty percent (120%) of Area Median Income, adjusted for household size, as published by the
United States Department of Housing and Urban Development for Pinellas County. CDC of
Tampa agrees to commence construction of certain improvements on the Property within
twelve (12) months of the Effective Date of this Agreement. CDC of Tampa further agrees to
complete construction of such improvements within eighteen (18) months of the Effective Date
of this Agreement. The City retains the unilateral discretion to extend the above timeframes as
it determines appropriate.
10. Whenever this Agreement requires or permits any consent, notice, request, or demand from
one party to the other (collectively "Notice"), such Notice must be in writing and shall be
delivered either by hand or by certified mail. Notice shall be effective as of the date of actual
delivery or, if delivery is refused by the receiving party, the date on which such delivery was
attempted. Each party's initial address for delivery of any Notice is designated below, but any
party from time to time may designate a different address for delivery of any Notice by
delivering to the other party Notice of such different address:
If to City:
City of Clearwater
Attn: City Manager
One Clearwater Tower
600 Cleveland Street, Suite 600
Clearwater, FL 33755
If to CDC of Tampa: Corporation to Develop Communities of Tampa, Inc.
c/o Ernest M. Coney, Jr., CEO
[G M 20-1510-257/262484/1]
Real Property Donation Agreement between
the City of Clearwater and Corporation to Develop
Communities of Tampa, Inc. —1112 Palm Bluff
1907 E. Hillsborough Avenue
Tampa, FL, FL 33610
11. This Agreement may not be assigned by CDC of Tampa without the express written consent of
the City, which consent shall be in the City's sole discretion.
12. This Agreement, together with any exhibit(s) attached hereto, constitutes the entire Agreement
between the parties and no representation, warranty, promise or inducement not expressly
included in the Agreement shall be binding upon any party hereto, their legal representative,
successors and assigns.
13. The "Effective Date" of this Agreement shall be the date on which both parties have executed
this Agreement.
The Remainder of This Page Intentionally Left Blank
[G M 20-1510-257/262484/1]
Real Property Donation Agreement between
the City of Clearwater and Corporation to Develop
Communities of Tampa, Inc. —1112 Palm Bluff
IN WITNESS WHEREOF, the parties have duly executed this agreement the day and year first above written.
Approved as to form:
Laura Mahony
Senior Assistant City Attorney
Attest:
Stan J. Sarnowski
Print Name
-A4-7/4-
Felecia Gilmore -Long
Print Name
[G M 20-1510-257/262484/1]
Real Property Donation Agreement between
the City of Clearwater and Corporation to Develop
Communities of Tampa, Inc. —1112 Palm Bluff
THE CITY OF CLEARWATER, FLORIDA
ank V. Hibbard, Mayor
Attest:
Rosemarie Call
City Clerk
CORPORATION TO DEVELOP COMMUNITIES OF TAMPA, INC.
By:
Ernest M. Coney, Jr., CEO