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5559-94 TMAIRr - YQJ< 5:5)59_`4 A ORDINANCE OF THE CITY OF CLEAR'WATER, FLORIDA, RELsTIN TO CITY-OWNED REAL ,PRO CREATING SECTION 2.665, C60E OF ORDINANCES, TO PROVIDE THAT ALL CO VEYMICES OF CITY-OWNED REAL PROPERTY SHALL !CONTAIN A USE RE IiRI"T'ION WITH . RI FIT OF REVERTER TO THE CITY HAVING THE EFFECT OF LIMITING SUBSEQUENT USES OF 'THE PRs i?ERT° k0 USE FOR WHICH AO, VALOREM PROPERTY iTAX EYE PT'ION SHALL NOT BE'AVAILABLE OR FOR WHICH AD VALOREM PROPE'R'TY TAX EXEMPTIONS SHALL. NOT HE APPLIED FOR OR GRANTED; PROVIDI AN EFFECTIVE GATE, BE IT 'jOROAINEO BY THE CITY COMMISSION OF THE' CITY OF CLEARW! I.9=R, FLORIDA: Section Section 2.565, to be included within a new Division 6 of . Article VI of Chapter 2, Code of Ordinances, is created to read: CHAPTER 2. ADMINISTRATION ARTICLE VI. FISCAL MANAGEMENT t DIVISION 6. SALE OF SURPLUS DEAL PROPERTY Sec 2.6651 11se restriction; right of re' ver°ter. � Whenever real property owned by the city and located within the city limits is sold, the deed shall contain a use restriction, with a ;ght of reverter t the city,' providing in effect that the grantee and all successors in title and interest to the'; g�,antee ' shal1 use the property for a purpose 'or purposfes for which ad valorem property tax exemption shall not be available 'or, for wiich ad valorem property't6c exemptions shall not be applied for or granted, and that an app l icAtion for are ad valorem property tax exemption to the property aplpra i sec of Pinellas County shall cause the title to revert to the City of Cle��rwater ulutbmatically as of the date the application is f=iled regardless of whefler the application is 'ultimately granted or denied. The restriction shall contain a covenant that. each subsequent deed or other instrument of convgance shall contain the same restriction, with reverter to the city and not Ito any intervening owner of the property. As an exception to the foregoing, real Droperty of the city may be sold to annther 'gnvPrnmPntal Amanr% if! A oazcs restriction as described' here-in and right of reverter to the city is imposed upon subsequent ownew^s of the property by the deed from the city. i remainder of page deliberately blank] I a I _ up r March 1 7 1 19 � PASSED ON F� I PASSED ON, SE 00,141D AND Fr INAL READING A + € C31P FED AS AMENDED Mgr 1 % � i 9 I I I r z i a Garvey Mayor=Commissioner Attest° Approved as to fora. and �orr�ctne 's m Cyn is E. Gc�udoau; i Mi e ;A�3 anon Cit Clerk Assistant City Attorney I i I r 3 3 d 4 I _ t } i I= I I r EIS � I