THOMAS L JONES (2)
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Tracking Number: 609
Agenda Cover Memorandum
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Actual Date:
Subject / Recommendation:
Approve a contract with Thomas L. Jones, a single man, to sell the West 1/2 of Lots 43 and 44,
Block D, J. J. ELDRIDGE SUBDIVISION, for the total sum of $21,350, and authorize appropriate
officials to execute same.
Summary:
On March 2, 2000 the subject property was declared surplus for the purpose of selling, It was
duly advertised for bid in the minimun sum of $14,000 as valued in a December 1999 appraisal.
A responsive bid of $14,001 was received and a contract to sell was entered into with the high
bidder. The sale did not close when a purchase condition related to maximum development could
not be satifsied.
Following telephone inquiries early in 2004, the vacant 62' X 125' Commercial parcel was
reappraised and valued at $21,000, then again advertised for bid. Mr. Jones, who owns property
adjacent on the west, was the only responsive bidder at $21,350.
As established in the original surplus declaration, the City acquired title in the parcel on August
3, 1998 in settlement of a suit to foreclose a CDBG mortgage with a principal balance owed in
the sum of $15,943.36,
Upon closing $900 of sale proceeds will reimburse Miscelleaneous Engineering - Appraisals fund
315-92822 for the reappraisal expense. Housing fund 686-128165 will then be reimbursed the
judgement principal balance of $15,943.36. Foreclosure fees of $988.43 will be reimbursed in
account 684-115220, and any excess proceeds will accrue in General Fund Surplus Land Sale
fund 010-00000-364220-000-000.
A copy of the purchase contract is available for review in the Office of Official Records and
Legislative Services.
Originating:
Engineering
Category; Agreements/Contracts - without cost
Number of electronic documents attached: 1
Public Hearing: No
I
http://netfyi/NetFYI/Clients/47ac12bl-fc32-4dee-alab-8583c6d45838!l3BFC681.htm
5/2412004
(Prinled 0""1[1,24, 2004 @ 10:00)
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US Department of Housing and Urban Development
SETTLEMENT STATEMENT
OMB No, 2502-0265
1. [] FHA 2, [ ] FmHA 3. [] Cony. Unins.
4. VA 5. Cony. Ins,
6, File Number:
04070027c
7. Loan Number:
. C. NOTE: This fonn, is fumis~ed to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked 'POCo were paid outside the closing: they are shown here for information
D. NAME AND ADDRESS OF BORROWER:
Thomas L. Jones 615 S. Missouri Avenue, Suite F Clearwater, FL 33756
E. NAME AND ADDRESS OF SELLER:
The City of Clearwater, Florida, a Munici al Co oration of the State of Florida P. 0, Box 4748 Clearwater, FL 33758-4748
F. NAME AND ADDRESS OF LENDER:
G. PROPERTY LOCATION:
606 Cedar Street Clearwater, FL 33755
H. SETTLEMENT AGENT:
SOMERS TITLE COMPANY 727-441-1088 Contact: MARIANNE
SCHAFFER
I. SETTLEMENT DATE:
8/24/04
PLACE OF SETTLEMENT:
SOMERS TITLE COMPANY 1290 COURT STREET CLEARWATER,
FL 33756
DISBURSEMENT DATE:
8/24/04
J. SUMMARY OF BORROWER S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER:
K. SUMMARY OF SELLER S TRANSACTION
400. GROSS AMOUNT DUE TO SELLER :
101. Contract sales mice 21.350.00 401. Contract sales mice 21 350.00
102, Personal Propertv 402. Personal Propertv
103. Settlement charl!es to borrower (line 1400) 1.196.35 403,
104. 404.
105. 405.
Adiustments for items paid bv Seller in advance Adiustments for items paid bv Seller in advance
106. Citv/town taxes 406. Citv/town taxes
107. Countv taxes 407. County taxes
108, Assessments 408. Assessments
109. 409.
110, 410.
Ill. 411.
112, 412,
120. Gross Amount Due From Borrower 22 546.35 420. Gross Amount Due Seller 21 350,00
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER:
500. REDUCTIONS IN AMOUNT DUE TO SELLER
201. Deposit or earnest monev 501. Excess deposit (see instructions)
202. Principal amount of new loan(s) 502, Settlement charl!es to seller (\jne 1400)
203. Existinl! loan(s) taken subiect to 503. Existinl! loan(s) taken subiect to
204. 504. Pavoff of first mortgage loan
205. 505. Pavoff of second mortl!al!e loan
206. 506.
207. 507.
208. 508.
209. 509.
Adjustments for items unpaid by Seller in advance Adjustments for items unpaid by Seller in advance
210, City/town taxes 510, Citv/town taxes
211. Countv taxes 511. County taxes
212. Assessments 512. Assessments
213. 513,
214: 514.
215. 515.
216. 516.
217. 517,
218, 518.
219. 519.
220. Total Paid Bv/For Borrower 520. Total Reduction Amount Due Seller
22 546,35
21,350.00
22 546.35
21 350.00
SUBSTITUTION FORM 1099 SELLER STATEMENT: The information contained in Blocks E,G,H and I on line 401 (or if 401 is asterisked, line 403 and 404) is
important tax information and is being furnished to the Internal Revenue Service, If you are required to file a return, a negligence penalty or other sanction will
be imposed on you if this item is required to be reported and the IRS determines that it has not been reported.
SELLER, you are required by law to provide the settlement agent with your correct taxpayer identification number. If you do not provide the settlement agent
with your correct taxpayer identification number, you may be subject to civil or criminal penalties imposed by law.
Under penalties of perjury, I certify that the number shown on this statement is my correct taxpayer identification number.
L. E
70~. TotarS'ales/Broker's Commission based on price Paid from Paid from
Borrower's Seller's
701. Listin.l( Realtor Commission Funds at Funds at
702. Selling Realtor Commission Settlement Settlement
703. Commission paid at Settlement
,;{)4.
800. ITEMS PAYABLE IN CONNECTION WITH LOAN
801. Loan Ori.l(ination Fee
802, Loan Discount
803. Appraisal Fee
804. Credit Report
805. Lender's Inspection Fee
806. Mortgage Application Fee
807.
808, ,
809.
810,
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from
902, Mort.l(age Insurance Premium for
903. Hazard Insurance Premium for
904.
905.
1000, RESERVES DEPOSITED WITH LENDER
100 I, Hazard insurance
1002. Mortga.l(e insurance
1003. City property taxes
1004. County property taxes
1005. Annual assessments
1006,
1007,
1008, A.l(.l(regate Accounting Adiustment
1100. TITLE CHARGES
1101. Settlement or closing fee To: STC 100,00
1102, Abstract or title search To: STC / A. Gatliff 100.00
1103. Title examination To: STC 50.00
1104, Title insurance binder
1105. Document preparation
1106. Attorney's Fees
1107. FL Risk Rate
(Includes above item numbers: )
1108. Title Insurance To: SOMERS TITLE COMPANY 123.05
(Inc1udesabove item numbers: )
1109. Lender's coverage@
1110, Owner's coverage21 ,350,00 @ 123.05 .
1111.
1112.
1113,
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $18,50 Mort.l(age $0.00 Releases $0,00 To: Clerk of the Court 18.50
1202. City/county tax/stamps;
1203. State tax/stamps: Deed $149.80 Mort.l(a.l(e $0.00 To: Clerk of the Court 149,80
1204. Obtain DIC for Lonnie Larry To: Clerk of the Court 5.00
1205.
1300, ADDITIONAL SETTLEMENT CHARGES
1301. Survey To: Geor.l(eA. Shimp II & Assoc. Inc. 650.00
1302. Pest inspection
1303,
1304.
1305.
11400. Total Settlement Charl!es (enter on lines 103 Section J and 502. Section I(l 11QI:"" 0.00
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maintenance es) ~e been paid or will be paid upon receipt of final bills,
WARNING: tis J ~ime to knowingly make false statements to the United States on this or any other similar form. Penalties upon conviction can Include a fine or imprisonment. For
details se , Tille 18 U.S, Code Section 1001 and Section 1010,
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SETTLEM NT CHARGES
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