AMERICAN HOUSING CORPORATION (2)
CONTRACT FOR SALE OF REAL PROPERTY
BY
THE CITY OF CLEARWATER, FLORIDA
PARTIES: The CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida (herein "Seller" or "CIty"),
P. O. Box 4748. Clearwater. Florida 33758-4748, ATTENTION: City Manager, Phone: (727) 562-4050, and AMERICAN
HOUSING CORPORATION, a Florida corporation (herein "Buyer"). of 6580 72rwl Avenue North, Pinenas Park. Florida 33781,
Phone: (727) 546-6611, (collectively "Parties"), hereby agree that the Seller shall sell and Buyer shall buy the following real
property ("Real Property") and personal property ("Personalty") (collectively "Property") upon the following terms and
conditions.
.-----THE "EFFECtIVE DATE" OF nUS CONTRACT IS THE DATE OF EXEctmON BY DULY
AUTHORIZED CITY OFFICIALS. TIME IS OF THE ESSENCE; IN THIS CONTRACT.
Time periodsof5d~ysorl".,sbaJl be computed without Including Saturday, Sunday, or
national legal holidays and any time period ending on a Saturday, SUnday or national legal
holiday shall be extended until 5.:00 P,M. of the n.. ext business day, .. . I t7. I'
':> '''2.a . \"5 . 3rt;'; J . 6:.:I.;~. 0 "H I."
1, PRnPFRTV nF!l;r.RIPTlnN I 0 . ;) 9 .. ~5 - 1,?-.ss.~~, - 00," ... 0 l!'.~ (l
LEGAL DESCRIPTION: Lot 47 and Lot 48, Block "F", GREENWOOD PARK NO.2, a8 recorded in Plat
Book B, Page 16, Public Records of Pinellas County, Florida.
STREET ADDRESS (City/State/Zip): 1128 and/or 1130 ~Bluff Street, Clearwater, FL 33755
f'~
PERSONAL TV: None (vacant parcel)
2, Filii PlIRr.HA!l;F PRICF ................,...........................................................................$ '500200
3. MANNFR OF PAYMFNT
------- - ---._---
-. _IotaiaiTiouiiuobe:paj(fBi~CiOsii1g:jn-:-U:s::fuods. cash.-eertified Of-
cashier's check, subjectto adjuslments and proratlons........,.....,....................................$
25 002 00
4. TIMF FOR Acr.I"PTANr.F
Following execUtion of this contract by Buyer, the price, terms and conditions as contained herein shall remain unchanged
and be held unconditionally open for a period of 45 days following delivery in duplicate original to Earl Barrett, Real Estate
Services Manager of the City of Clearwater for acceptance and approval, or rejection by action of the Clearwater City Council
("Council"), If this agreement is accepted and approved by the Council, II will be executed by duly authorized City officials and
delivered to Buyer within 10 days thereafter, If the Council upon Inllial presentation. rejects this contract, this contract shall be
null and void in all respects and Buyer shall be so informed in writing Within 5 days of such action.
5. IIILE
Seller shall convey marketable title to the Property by Special Warranty Deed, subject only to matters contained in
Paragraph 6 and those otherwise accepted by Buyer. Otherwise title shall be free of tiens, easements and encumbrances of
record or known to Seller. but subject to property taxes for the year of closing, if any; covenants, restrictions and public utility
easements of record; and no others; provided there exists at closing no violation of the foregoing and none of them prevents
Buyer's intended use of Ihe Property infill residential development.
6. TIT! F FVln~NCE
Buyer may, ~t Buyer expense and within 10 days prior to closing date obtain a titie insurance commitment issued by a
Florida licensed title insurer agreeing to liens, encumbrances,exceplions or qualifications set forth in this Contract, and those
which shall be discharged by Seller at or before closing. SeHer shall convey a marketable title subject only to liens,
encumbrances, exceptions or qualifications set forth in this Contract. Marketable title shall be determined according to
applicable Tilte Standards adopted by The Florida Bar and in accordance with law. Buyer shall have 5 days from receiving
evidence of title to examine it. If title is found defective, Buyer shall, within 3 days thereafter, notify Seller In writing specifying
defect(s). If the defect(s) render title unmarketable, Seller will have 120 days from receipt of notice within which to remove the
defect(s), failing which Buyer shall have the option of either accepting the title as it then is or withdrawing from this Contract.
Seller will, if title is found unmarketable, make diligent effort to correct defect(s) in title within the lime provided therefore,
including the bringing of necessary suits.
1
1. CFRTAlN RIGHTS RFSI;RVFD
As required by Seclion 270.11, Florida Statutes, the Seller reserves unto itself and its successors an undivided three-fourths
(314) interest in, and lltJe In and to an undivided three-fourths (3/4) Interest in, all the phosphate, minerals, and metals that are
orrnay be in, on or under the real property described herein, and an undivided one-half (112) interest In all the petroleum that
is or may be In, on, or under said property with the privilege to mine and develop the same. If thl'! I'Al'II prqp~ being mnv~
hl'!reunder is less thAn '0 r.nntiguous aCl'A$, is presently deVAIQpl'!d and/or there F!vieds future dAVAIQpment plans and thArA Is
IlftlF! likelihond of Ihe presenr.e of any of the minerals or petroleum mnlamplated I1y Section 270 11 Florida StAtutl'!S in All
such instances Ihl'! City el(pressly releases thl'! Above dA.c;r.ribed rights B1lyer pAtltion fnr such relRBSA is AVidAnr.Ad Ily
execution of this mntract
8. SURVEY
Buyer, at Buyer's expense, within time allowed to deliver evidence of title and to examine same, may have Real Property
surveyed and certified to the Buyer, Seller and closing agent by a registered Aorida land surveyor. If survey shows any
encroachment on Real Property, or that Improvements located on Real Property encroach on setback lines, easements, lands
of others, or violate any resb1ctlons, contract covenants or applicable governmental regulation, the-.!~me shall constitute a title
_~_~____.,_,____..__,_~____._____. __n______ __________.._,.... ,., ..,.,.....______________._._____.n_
9. CLOSING PLACE AND DATE
. Seller shall deSignate closing agent and this transaction shall be closed In the offices of the designated closing agent in
Pinellas County, Florida, on or before 30 days following Effective Date, unless extended by other provisions of this contract.
If either party is unable to comply with any provision of this contract within the time allowed, and be prepared to close as set
forth above, after making all reasonable and diligent Qfforts to comply, then upon giving written notice to the other party, time
of closing may be extended up to 45 da~ without effect upon any other t8lTT1, covenant or condition contained in this contract.
10. CLOSINr. DOCUMENTS
Seller shaD fumish deed, bill of sale, mechanic's lien affidavit, assignments of leases, tenant and mortgage estoppel letters,
and corrective instruments as applicable to this transaction. Buyer shall fumish closing statement
11. CI. OSINr. FlCPENS!;s
Recordation .of the deed and Documentary stamps on the deed, unless this transaction is exempt under Chapter 201.24,
Rorida Statutes, shall be paid by the Buyer. Seller shall pay the costs of recording any corrective instruments.
------1z:-PRnRATInNSrCRI'!DITS.---.....
If there should exist any taxes, assessments, rent and other revenue specific to the Property, all of such expenses and
revenue shall be prorated through the day before closing. If the amount of taxes and assessments for the current year cannot
be ascertained, rates for the previous year shall be used with due allowance being made for Improvements and exemptions.
Any deposits held by Seller in trust for third parties In occupancy of the Property shall be credited to Buyer at time of closing.
AssessmentS for any improvements that are substantially complete at time of closing shall be paid in full by Seller,
13, PROPFRTY CONDITION
Seller shall deliver the Property to Buyer at time of closing in its present "as Is. condition, ordinary wear and tear excepted,
and shall maintain the landscaping and grounds in a comparable condition. Seller makes no warranties other than as
disclosed herein and marketability of litie. Buyer's covenant to purchase the Property "as Is. Is more specifically represented
in either subparagraph a. or b. as marked [X].
a. [ ] As Is: . Buyer has inspected the Property or waives any right to Inspect and accepts the Property in its present "as is"
condition.
b. [Xl As Is With Right of Inspection: Buyer may, at Buyer expense and within 28 days from Effective Date
("InspectionPeriod"), conduct inspections, tests, environmental and any other investigations of the Property Buyer
deems necessary to determine suitabHity for Buyer's intended use. Seller shall grant reasonable access to the
Property to Buyer, its agents, contractors and assigns for the purposes of conducting the Inspections provided,
however, that all such persons enter the Property and conduct the inspections and investigations at their own risk.
Seller will, upon reasonable notice, provide utilities services as may be required for Buyer's Inspections and
investigations. Buyer shall not engage in any activity that could result In a mechanics lien being filed against the
Property without Seller's prior written consent. Buyer may terminate this contract by written notice to Seller prior to
expiration of the Inspection Period if the inspections and/or investigations reveal conditions that are reasonably
unsatisfactory to Buyer, unless Selle~ elects to repair of otherwise remedy such conditions to Buyer satisfaction. If
this transaction does not close, Buyer agrees, at Buyer expense, to repair all damages to the Property
resulting from the inspections and investigations and return the Property to its present condition.
14. SELl FR HB..D HARMLESS
Buyer agrees to indemnify and hold harmless the Seller without limitation from any losses, damages, costs, including
attorney's fees,claitns of injury to or death of any person{s), any damage to property of Buyer, or the Property, and from and
against any and every liability to any person arising from Buyer conduct of inspections, investigations and any other work
---~rformed pursuant to Paragraphs...8-.and.13--above....--- - ... __ __._ .________._.._.______
2
15. RISK OF I o.QS [WH~RE; APPLlCABLE;J
If the Property Is damaged by fire or other casualty before closing and cost of restoration does not exceed 3% of the
asisessed valuation of the Property so damaged, cost of restoration shall be an obligation of the Seller and closing shall
proceed pursuant to the terms of this connct with restoration costs escrowed at closing, If the cost of restoration exceeds
3% of the assessed valuation of the improvements so damaged, Buyer shall have the option of taking the Property "as is",
iqgether with either the 3% or any insurance proceeds payable by virtue of such loss or damage, or of canceling this contract.
16. PROCEEDS OF SAI E. ClOSING PROCF'DIIRE
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be held in escrow by Seller's attomey or by
such other mutually acceptable escrow agent for a period of not longer than 5 days from and after closing, during which time
evidence of title shall be continued at Buyer's expense to show tiUe In Buyer, without any encumbrances or change which
would render seller's title unmarketable from the date of the last title evidence. If Seller's title is rendered unmarketable
through no fault of the Buyer, Buyer shall, within the 5-day period, notify the Seller In writing of the defect and Seller shaH have
_._ -.-3O-da}/$ frnm tt>.. rf'\f.. nf l'f'!r.Aipt nf Rllm nntlfication..to-.eure...tl1a..defe fails 10 timely cure the defect. all funds paid by
,----or ornrenalr-ottlTe- BuyerlllTalr,upon-writtendemarm-made-by-Buyerand-within-5days-after-demand;be-retumedtoBuyer.-
and simultaneously with such repayment, Buyer shall retum Personalty and vacate Real Property and reconvey it to Seller by
special warranty deed. If Buyer falls to make timely demand for refund, Buyer shaD take litIe "as Is", waiving all rights against
Seller as to any intervening .defect except as ..Olay be l1vallable to Buyer by virtue of warranties contained in the deed. The
escrow and closing procedure required by this provision may be waived If We agent insures adverse matters pursuant to
Section 627.7841, F.S. (1987), as amended.
17. DEFAIJI T
If Buyer fails to perform this contract within the time specified (including payment of all deposit(s)), the deposit(s) paid by
Buyer may be retained by or for the account of .Seller as agreed upon liquidated damages, consideration for the execution of
this contract and in full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all obligations under this
contract; or Seller, at Seller option, may proceed in equity to enforce Seller's rights under this contract. If, for any reason other
than failure of Seller to make Seller's title marketable after diligent effort. Seller fans, neglects or refuses to perform this
contract, the Buyer may seek specific performance or elect to receive the retum of Buyer deposit(s) without thereby waiving
any action for damages resulting from Seller's breach.
18. RADON r.AS NOTFIr.ATION
.._~--~'---RADeN-GAS:-Radon1s-a-nab:II'BIIY"1JcctlfI'ing-radioactlve--gas that, when- iHlas-aceumulatedin-a- buHdlAjt--
------ --lnsUiftCienfquan6tTes; may preserifhealth i'iskStoparsons woo ailnixpo5eiftlfirover-tlme~ levels. of
radon that exceed federal and state guidelines have been found in buUdings In Florida. Additional
information regarding radon and radon testing may be obtained from your county public health unit.
19. CONTRACT NOT RECORDARI E; PFRSONS ROUND
Neither this contract nor any notice of it shall be recorded In any public records. This contract shall bind and inure to the
benefit of the parties and their successors in interest. Whenever the context permits, singular shall include plural and one
gender shail include all.
20. t!CIIICE
All notices provided for herein shall be deemed to have been duly given if and when deposited in the United States Mail,
properly stamped and addressed to the respective party to be notified, including the parties to this contact. the parties
attorneys, escrow agent, inspectors, contractors and all others who will in any way act at the behest of the parties to satisfy all
terms and conditions of this contract,
21. ASSIGNABiliTY' PJ:=RSONS ROUND
This contract is 04 assignable ( ] not assignable. The terms "Buyer", "Seller", and ''Broker'' (If any) may be singular or
plural, This Connct is binding upon Buyer, Seller, and their heirs, personal representatives, successors and assigns (if
assignment is permitied).
22. ATTORNEY FFFS; COSTS
In any litigation arising out of this contract, the prevailing party shall be entitled to recover reasonable attomey's fees and
costs.
23. NO RROKFR
Seller and Buyer represent and agree they have dealt with no Broker or finder in connection with the transactions
contemplated hereby. Seller and Buyer further agree to indemnify the other from any damage, liability or expense either may
suffer as a resull of any claim of a Broker or finder with whom it is determined that the other party has dealt with in
contravention of this agreement; except, however, that total City obligations under this provision shall be subject to the limits
and restrictions of the Florida sovereign immunity statute, F.S. 768.28.
3
24. TYPEWRITTEN OR HANOWRITTFN PROVISIONS
Typewritten or handwritten provisions shall control all printed provisions of contract in conflict with them.
25. J:;FFECT OF PARTIAL INYAllOrrY
The Invalidity of any provision of this contract will not and shall not be deemed to effect the validity of any other provision. In
the event that any provision of this contract is held to be invalid. the parties agree that the remaining provisions shaD be
deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the
invalid provision.
26. GOVERNING I AW
It is agreed by and between the parties hereto that this contract shall be governed by, construed, and enforced in
accordance with the laws of the State of Florida,
-2Z- COIINTERPARTSj FACSIMILI; cnpv
This contract may be executed in two or more counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument. A facsimile copy of this contract, Including any addendum, attachments and any
written modifications he~of.and any initials or signature thereon shall be deemed an original.
28, SPFCIAL CI AIJSES
[ X ) Not applicable, OR [ ] An Addendum containing special clauses that constitute agreements and covenants between
the parties is attached to and an integral part of this contract and without further acknowledgment is confirmed and accepted
by the parties. When any special clause in the Addendum is in conflict with any provision contained elsewhere in this contract,
then the special clause shall govern.
29. MFRGER RV nFFO
All covenants, warranties, and representations contained herein shall merge with the deed at time of closing. Upon
delivery of deed by the City, and acceptance thereof by Buyer, the Buyer shall hold the City forever harmless \hereafter,
30. ENTIRF AGRE"'UENT
Upon tlxtlCution by Selferand-Buyer,-this. contract. shalt'-constittlte-the-<<ltire-agreement between -the--paJ1les;-shaII- ... ----
- n supersede any.and all priOr and c::orifemporarieouswritfenahdorarpromises;representatlons. or condition. irfrespecttheteto.
All prior negotiations, agreements, memoranda and writings shall be merged herein. Any changes to be made In this
agreement shall only be valid when expressed In writing, acknowledged by the parties and Incorporated herein or attached
hereto.
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD,
SEEK THE ADVICE OF AN APPROPRIATE PROFESSIONAL FOR LEGAL, TAX, ENVIRONMENTAL
AND OTHER SPECIALIZED ADVICE PRIOR TO SIGNING.
Date:
~ It/I);
I '
,2004
AMERICAN HOUSING C
FID#59-~1B28 .&'/
/'
--------..--------------------------..------..---....-...-....---...------------
APPROVED AND ACCEPTED THIS ~ay of ~
Countersigned: CITY OF CLEARWATER, FLORIDA
/2.- '~""tf)~~.~~
Brian J. AUng~~ --------- William B. Horne, II, City Manager
,2004.
Approved as to form:
ATTEST:
Lau, Lipowski, Assistant City Attorney
.. t
4
--------- ----.------
A. U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B.TYPE OF LOAN
'- ~--~ 1. [ ] FHA 2, [ ] FMHA 3. [ ] CONV . UNINS.
.
.!!. [ ]VA 5. [ ] CONV . INS. [X] Cash (6)
6. FILE NUMBER: 7. LOAN NUMBER:
Final 04159176
. 8. MTG. INS. CASE NO.:
--~-_.
C.NOTE: This form is furnished to give you a statement of actual seulement costs. Amounts paid to and by the settlement agent are shown. Items marked
("p.o.c. ") were paid outside the closing: they are shown here for information purposes and are not included in the totals. ---~~.."
D.. NAME OF BORROWER: AMERICAN HOUSING CORPORATION , A FLORIDA CORPORATION
ADDRESS: 6580-72ND AVENUE N, PINELLAS PARK, FL. 33781
E. NAME OF SELLER: CITY OF CLEARWATER, FLORIDA
ADDRESS: P.O. BOX 4748, CLEARWATER, FL. 33758 SELLER TIN:
F. NAME OF LENDER:
ADDRESS:
G.PROPERTY LOCATION: GREENWOOD PARK NO. 2 BLK F LOTS 47 AND 48
VACANT PINE BLUFF STREET CLEARWATER FL 33755 .-
H. SETTLEMENT AGENT: STEWART TITLE OF PINELLAS CLOSER: TERESA K. BEACH PHONE NUMBER:
ADDRESS: 4134 CENTRAL AVE., ST. PETE. ,
ST. PETERSBURG, FL 33711 SETTLEMENT AGENT TIN: 59-1173288
PLACE OF SETTLEMENT: STEWART TITLE OF PINELLAS INC PHONE NUMBER: (800) 611-9224 I.SETTLEMENT DATE
ADDRESS: 7191 66TH STREET N. Closing date: 07/27/05
PINELLAS PARK, FL 33781 Proration date: 07/27/05
J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION
100. GROSS AMOUNT DUE FROM BORROWER: 400. GROSS AMOUNT DUE TO SELLER:
101. Contract sales Drice 25,002.00 401. Contract sales price 25,002.00__
102. Personal property . 402. Personal property
----.-
103. Seulement charges to borrower(line 1400) 639.20 403. _~U__...
104. 404. --.---
105. 405. --~_._-
Adjustments for items paid by seller in advance: Adjustments for items paid for seller in advance:
-------.--
106. City/town taxes to 406. City/town !axes to
---
107. County !axes 10 407. County !axes to
108. Assessments to 408. Assessments to
109. 409.
110. 410.
111. 411.
----------
112. 412.
------.-
120. GROSS AMOUNT DUE FROM BORROWER: 25,641.20 420. GROSS AMOUNT DUE TO SELLER: 25,002.00
200. AMOUNTS PAID BY OR IN BEHALF OF BORROWER: 500. REDUCTIONS IN AMOUNT DUE TO SELLER:
20 I. Deposit or earnest money ! 501. Excess deposit(see instructions) -
.102. PrinciIJal amount of new loan(s) 502. Seulement charges to seller(line 1400) -.---
203. Existing loan(s) taken subject to 503. Existing loan(s) taken subject to ---------
204. 504. Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. 506.
--.-
207. 507. _un ...
208. 508,
.. - -,,------"-
209. 509.
Adjustmentsfi)r items unpaid by seller: Adjustments lor items unpaid by seller:
210. City/townk1xes to 510. City/town taxes to .-- ..
}II. County taxes to 511. County U\xes to
-- -----
212. Assessments to 512. Assessments to
-----
213. 513.
214. 514.
215. 515.
216. 516.
217, 517.
218. 518.
219. 519. ..
220. TOTAL PAID BY/FOR BORROWER: 520. TOTAL REDUCTION IN AMOUNT:
300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SE1TLEMENT TO/FROM SELLER:
30 I. Gross amount due from borrower(line 120) 25,641.20 60 I. Gross amount due to seller(line 420) 25,002.00..
302. Less amounts IJaid by/for borrower(line 220) 602. Less total reductions in amount due seller(line 520) --~--~----
303. CASH IX FROM] [ TO] BORROWER: 25,641. 20 603. CASH [X TO] I FROM] SELLER: 25,002.00
SUBSTITUTE FORM 1099 SELLER STATEMENT-TIle infonnation contained in Blocks E,G,H and I and on line 401 (or, if line 401 is asterisked, lines 403 and 404)
is important !ax information and is being furnished to the Internal Reyenue Service. If you are required to tile 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 INSTRUCTION-If this real estate was your principal residence, file Form 2119, Sale or Exchange of Principal Residence, for any gain, with your income tax
return; lor other transactions, complete the applicable parts of Form 4797, Fonn 6252 and/or Schedule D (Form 1040).
You are required by law to provide Stewart Title of Pinellas, Inc. with your correct taxpayer identification number.
If you do not provide Stewart Title of Pinellas, Inc. with your correct !axpayer identification number, you may be subject to civil or criminal penalties.
Under penalties of perjury, I certify that the number shown on this sk1tement is my correct taxpayer identification number.
Seller
700. TOTAL SALES/BROKER'S COMMISSION Based on $
Division of Commission (line 700) as follows:
ml.$ W
.
702. $ to
703, Commission oaid at settlement
704.
800. ITEMS PAYABLE IN CONNECTION WITH LOAN.
@
%=
PAID FROM
BORROWER'S
FUNDS
AT SETI1~EMENT
PAID FROM
SELLER'S
FUNDS
AT SETfI,EMENT
F.j le 041~9176
F'j na 1
L. SETTLEMENT CHARGES
801. Loan Origination fee
802. Loan Discount
803. Appraisal fee
804. Credit Report
%
%
to
to
805. Lender's inspection fee to
806. Mortgage Insurance aoplication fee to
807. Assumption Fee to
808. 10
809. to
810. to
811. to
812. to
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE.
90 l. Interest from to @$
--- ..--
~._----_.,-------
,-----..---.
/dav
902. Mortgage insurance premium fix
903. Hazard insurance premium for
mo. to
yrs. to
904. yrs. to
90S.
1000. RESERVES DEPOSITED WITH LENDER
100 I. Ilaz:lrd Insurance
-
1002. Mortgage insurance
1003. City propertv taxes
1004. County property taxes
1005. Annual assessments (Maint.)
1006.
1007.
1008.
mo.@$
mo.@$
mo.@$
mo.@$
mo.@$
mo.@$
mo.@$
mo.@$
pcr mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
1100. TIlLE CHARGES:
11 0 1. Settlement or closing fee
1102. Abstract or title search
1103, Title examination
1104. Title insurance binder
l105. Document preparation
1106. Notary fee
1107. Attorney's fee to
(includes above items No.:
1108. Title insurance
(includes above items No.: )
1109. Lender's coverage $
_'-' 10. Owner's coverage 25,002.00 $
1111. FLA PROM RATE 43.13 POC to
1112. SHIPPING/HANDLING FEES to
1113. ASSESMENT SEARCH to
1114. to
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees: Deed $ 18.50 Mrtg $
1202. City/countv tax/stamps: Deed $ Mrtg $
1203. State tax/stamps: Deed $ 175.70 Mrtg $
IW4. W
12M. ~
1206. to
1300. ADDITIONAL SETrLEMENT CHARGES
1301. Survey to
1302. Pest inspection to
1303. to
1304. tll
1305. .At-,
1400. TOTAL SETrLEMENT CHARGES (ente~~ 103, Section J and 502, Section K) 639.20
CE~WICATION: I have carefully reviewed ~tlt1ement Statement and to the best of my kno,,::~:~"d belief, it is a true and accurate statementllf all
rectI and disbursements made on my ~'~ne il( thi~. I turther certify that "r~ a CO~I-';~~1 ~nt St~t~I~~
f/ //./ - 1/ r/ /'fJ /./ /f~
~:~~settl~ent Statement ~ J'e Ip/;a# is a true andJccurate account of thi~~actio: !have ca~ed or will ca~le funds to be dis:Ursed in
acctan~eL~~is ~ta~m;n~. j / f!JT~/ a f) j( '-/ III Irl(---
f ] Y J' J // /1 j /~ M ~~'------ l /(/' / / <.A.)
S~t gem v/ / Date { I
to STEWART TITLE OF PINELLAS
to STEWART TITLE OF PINELLAS
to STEWART TITLE OF PINELLAS
INC
INC
INC
100.00
75.00
25.00
to
to
to
to
to STEWART TITLE OF PI NELLAS I NC
200.00
200.00
STEWART TITLE OF PINELLAS
STEWART TITLE OF PINELLAS
CITY
INC
INC
..
20.00
25.00
ReI. $
18.50
175 .70
--.---..--
WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar fonn. Penalties upon conviction can includc a tine and
imprisonment. For details see: Title 18: U.S. Code Section 1001 and Section 1010.
DISBURSEMENT AUTHORIZATION
DATE: JULY 27, 2005
FILE NO. 04159176
The undersigned hereby agree that all conditions and stipulations of the Contract for
Sale dated have been met and that all necessary pertinent
documents have been supplied and approved, and that all contingencies have been met.
The termite inspection report done by
dated has been supplied to
the purchaser and he has read, understands, and accepts the report as presented. It is
agreed by the undersigned and understood that Stewart Title of Pinellas, Inc. has not
ordered said report and that they will not hold Stewart Title of Pinellas, Inc, liable
for the accuracy and sufficiency of the contents of said report.
r ] Taxes have been prorated on the basis of 2004 taxes, In the event the actual taxes for
2005 are different, buyer and seller agree to make an adjustment outside of closing
when such figures become available and agree not to hold Stewart Title of Pinellas, inc,
liable or responsible for said adjustment.
[ ] Taxes have been prorated on gross tax amount.
[ ] Taxes have not been prorated.
Yes [ ] No [ x] I authorize Stewart Title of Pinellas, Inc. to hold
$ pending clearance of final water bill and hereby
hold Stewart Title of Pinellas harmless as a result of same,
The undersigned agree to those figures as set forth on the Settlement Statement thereby
authorizing Stewart Title of PinelIas, Inc, to disburse those funds in accordance with
said statement and will hold Stewart Title of Pinellas, Inc. harmless by reason of such
disbursement.
The undersigned purchasers, sellers, and/or mortgagors hereby acknowledge that funds
for completion of the captioned transaction have tieen received and disbursed as of this
date. In consideration of the foregoing, the undersigned hereby authorize the Title
Company to employ a banking institutIon of its choice as a depository of the funds and
waives any claim to interest or other benefits that may be earned by Stewart Title of Pinellas,
Inc, as a result of such banking arrangement.
The undersigned purchasers and sellers authorize Stewart Title of Pinellas to furnish a copy of
executed Settlement Statement to the Borrower's insurance company, if applicable,
SELLERS:
PURCHASERS:
CITY OF CLEARWATER, FLORIDA
AMERICAN HOUSING CORPORATION
, A FLORIDA CORPORA
BY'~~
BY:
SELLERS FORWARDING ADDRESS:
PURCHASERS MAILING ADDRESS:
P.O. BOX 4748
6580-72ND AVENUE N
CLEARWATER, FL. 33758
PINELLAS PARK, FL. 33781
LIEN AFFIDA VIT
.
DATE: July 27, 2005
FILE NO. 04159176
BEFORE ME, the undersigned authority, personally appeared
CITY OF CLEARWATER, FLORIDA
("Affiant"), who first being duly sworn, deposes and says: /1> T7; rt.e test ~ Afl:i91V1S~sr:w4L
1. That affiant is the owner of that certain real property known as I-<,J~~
VACANT PINE BLUFF STREET, CLEARWATER, FL 33755
and being legally described as:
LOTS 47 & 48, BLK. F, GREENWOOD PARK NO 2
2. That Affiant has possession of the Property, and there is no other person or entity in
possession who has any right in the Property.
3. That no "Notice of Commencement", as contemplated by Section 713.13 Florida Statutes,
has been recorded or posted affecting the Property, nor has it received a "Notice to Owner", as
contemplated by Section 713.06(2), Florida Statutes, and there are no unrecorded labor, mechanics'
or materialmen's I iens against the Property, and no material has been furnished to or labor
performed upon the Property except such that have been paid for in full,
4. There are no unrecorded easements, unpaid bills, liens, or assessments for sewers, paving,
or other public utilities or improvements made by any governmental authority, and that no notice
has been received for any public hearing regarding future or pending assessments for improvements
by any governmental instrumentality which are not unpaid against the Property.
5, That Affiant is the owner of, and there are no claims or liens whatsoever of any kind or
description against the equipment or fixtures located in the improvements on the Property which
is being conveyed.
6. That there are no existing leases or contracts for sale or contracts for deed or other
contractual rights or mortgage commitments affecting the Property.
7. That there are no judgments; liens, mortgages, or other claims, recorded or unrecorded,
against the Property other than those shown in the search made by Stewart Title of Pinellas, Inc..
8, . That all due and payable ad valorem (real estate) taxes and tangible personal property
taxes have been paid and that I have (have not) applied for homestead exemption for 2005
taxes on said property.
9. THIS AFFIDAVIT is made for the purpose of inducing Stewart Title of Pinellas, a Florida
Corporation, and Stewart Title Guaranty Company, a Texas Corporation, to issue a title insurance
policy on the above described property, and to disburse funds held by Stewart Title of Pinellas, Inc., , as
Escrow Agent.
CITY OF CLEARWATER, FLORIDA
Signed, sealed, and delivered in the presence of:
BY'~
STATE OF FLORIDA
COUNTY OF P INELLAS
The foregoing instrument was acknowledged before me this 27th day of
by
July
2005
CITY OF CLEARWATER, FLORIDA
who has produced
as identification.
Notary Public
CERTIFICATION - ENTITY TRANSFEROR
TRANSFERRED BY: CITY OF CLEARWATER, FLORIDA
TO: AMERICAN HOUSING CORPORATION , A FLORIDA CORPORATION
PROPERTY ADDRESS: VACANT PINE BLUFF STREET, CLEARWATER, FL 33755
LEGAL: LOTS 47 & 48, BLK. F, GREENWOOD PARK NO 2
Section. 1445 of the Internal Rev. enue Code Qrovides that a transferee of U.S. real pro.perty
interest must withhold tax if the transferor (~eller) is a foreign person/entity. To inform
the transferee (Buyer) that withholding of tax is not required upon disposition of aU,S.
real property interest by CITY OF CLEARWATER, FLORIDA
the undersigned hereby certifies the following on behalf of CITY OF CLEARWATER,
FLORIDA:
1. CITY OF CLEARWATER, FLORIDA
isnot a foreign corporation, foreign Rartnership, foreign trust, or foreign estate (as
those terms are defined in the Internal Revenue Code and Income Tax Regulations);
2. CITY OF CLEARWATERr FLORIDA's
U ,S. employer identification number is
. and
,
3,CITY OF CLEARWATER, FLORIDA's
Office address is P . O. BOX 4748 , CLEARWATER, FL.
33758
CITY OF CLEARWATER, FLORIDA understands
that this certification may be disclosed to the Internal Revenue Service by transferee and
that any false statement contained herein could be punished by fine, imprisonment, or both.
Under penalties of perjury I declare that I have examined this certification and to the best
of my Knowledge and belIef it is true, correct, and complete, and I further declare that I
have authority to sign this document on behalf of CITY OF CLEARWATER, FLORIDA.
CITY OF CLEARWATER, FLORIDA
BY'~~
Date: July 27, 2005
NOTE: The transferee must retain this certification until the end of the fifth taxable
year following the taxable year in which the transfer takes place. The Internal Revenue
Service. may require this certificate to be filed with it. This certificate is furnished
for the mformatIOn of the transferee; the transferee should seek legal advice as to the
effect of the same.
Barrett, Earl
From:
'Sent:
~
Cc:
. Subject:
RECEIVED
JUL 28 2005
Susan -
-'':'=IC!Al RECORDS AND
'.EGISLATIVE SRVCS D::PT
In August 2004 Council approved the sale of two vacant lots at 1128 - 1130 Palm Bluff Street. Finally, after a quiet title suit,
the sale closed today. Under copy of this message I will forward the original settlement statement, and copies of other
closing documents. For reference I will also include a copy of the agenda memo and executed sale contract.
Scott -
Please note. You can take these two lots off your list if you have been mowing,
1
Crystal Report Viewer
Page 1 of2
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, City Council
Ag~n~!,... Cover ~emorandum
'T "'O::II""'--~
~,
I
665
Actual Date:
Tracking Number:
Subject I Recommendation:
Approve a contract with American Housing Corporation to sell Lots 47 & 48, Block F,
GREENWOOD PARK NO.2, for the total net sum of $25,002, and authorize appropriate officials
to execute same and any instruments related thereto as may be required for closing.
Summary:
--
"------
----The Council deCia-rf!cfthe subject lots surplus to City needs on April 6, 2004 and authorized
offering them for sale by Invitation For Bid No. 17-04 at their minimum apraised value of
$10,000 per lot. '
Three sealed bids were received at bid opening on June 3, 2004. One bid was not responsive to
the Invitation. A second bid was for $10,000 for Lot 48 only. The subject contract reflects the
American Housing Corporation ("Buyer") bid of $12,501 per lot.
The standard City purchase contract, without additional provisions, documents an all-cash
purchase that is anticipated to close within 30 days following the Effective Date.
Sale proceeds will be applied as follows: $400 will reimburse Miscellaneous Engineering project
315-92822 for incurred appraisal expenses. Housing rehab loan fund 686 will be reimbursed the
judgement principal balance of $5,760.11, along with interest of $1,413.50 that accrued from
October 1998 until the City acquired judgement title in June 2002, An additional $3228.35 will
be credited to fund 686 for reimbursement of taxes, fees, court costs and misc~lIan_eg.!,l~___n_______,______
---_______expe1i$es-::The1ema.lrirng-$T4~2TIO.D...4...wjfjbe credited to General-FuncfslU'plus.:fand: sales---
revenue,
A copy of the contract is available for review in the Office of Official Records and Legislative
Services,
Originatina:
Engineering
Category: Agreements/Contracts - without cost
Number of Hard Copies attached: 1
Public Hearing: No
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1
PROPERTY APPRAISER
JIM SMITH, CFA
P.O. BOX 1957
CLEARWATER, FLORIDA 33757-1957
OFFICE PHONE: 727464-3207' HEARING IMPAIRED: 727 464-3370 . FAX: 727
Web Site-http://pao.co,pinellas.f1.us . E-Mail: jim_smith@pao.co.pinellas.fl.us
Date printed: 8/3/2005
10:17:24 AM
2004 Certified Property Value Roll
VACANT
Parcel Number: 10 / 29 / 15 / 33552 / 006 / 0470
CLEARWATER, CITY OF
Owner's Name and Address Property
PO BOX 4748
CLEARWATER
33758 4748
Address:
Property Use Code:
Land Use Code:
OR Book I Page:
o
000
86
13313/0032
FL
Tenancy: CITY-COUNTY-STATE
2004 Value
Just I Market:
Assessed /
Taxable Value:
11,300
11,300
o
2004 Exemptions
Homestead:
Widows:
Disability:
Other: 11 ,300
Agricultural Exemption:
Historic:
Senior:
Exempt Status: 1)
2)
3)
4)
2004 Taxes
Tax Dist Code:
Fire DistrictfTlF:
2004 Tax
2004 Mill
Special Assesment:
Correction #:
CW
0.00
22.9694
0.00
LEGAL DESCRIPTION
GREENWOOD PARK NO.2 BLK F, LOT 47
1
PROPERTY APPRAISER
JIM SMITH, CFA
P.O. BOX 1957
CLEARWATER, FLORIDA 33757-1957
OFFICE PHONE: 727464-3207' HEARING IMPAIRED: 727464-3370 . FAX: 727
Web Site-http://pao.co.pinellas,f1.us . E-Mail: jim_smith@pao.co.pinellas.fl.us
Date printed: 8/3/2005
10:17:39 AM
2004 Certified Property Value Roll
VACANT
Parcel Number: 10 / 29 / 15 / 33552 / 006 / 0480
Owner's Name and Address
CLEARWATER, CITY OF
PO BOX 4748
CLEARWATER
33758 4748
2004 Value
Just / Market:
Assessed I
Taxable Value:
2004 Taxes
Tax Dist Code:
Fire DistrictITlF:
2004 Tax
2004 Mill
Special Assesment:
Correction #:
Property
Address:
Property Use Code:
Land Use Code:
OR Book I Page:
o
000
89
12417 I 0929
FL
Tenancy: CITY-COUNTY-STATE
11,300
11,300
o
2004 Exemptions
Homestead:
Widows:
Disability:
Other: 11,300
Agricultural Exemption:
Historic:
Senior:
Exempt Status: 1)
2)
3)
4)
CW
0.00
22.9694
0.00
LEGAL DESCRIPTION
GREENWOOD PARK NO.2 BLK F, LOT 48