Staff recommends approval of the deed transfer agreement for the home at 803 Georgia Avenue, Leesburg, Florida to Rita Brown.
Ms. Rita Brown was the winner of the HUD $1 Home Give-a-Way held during December 2009. Staff has finalized all documents required for the deed transfer and closing. The property transfer to Ms. Brown, will have deed restrictions that will ensure the property remains as an Affordable Home, for Sale unit, with a selling restriction to repay the City of Leesburg, $48,000 (the value of the property), if sold, refinanced with cash-out, or used as collateral on any loan within 10 years.
Ms. Brown has been in pursuit of purchasing a home through our housing program for several years. She is truly a testament that hard work does payoff.
2. Such alternative action as the Commission may deem appropriate.
The City paid approximately $1,500.00 for closing costs, utilities, maintenance & cleaning of the subject property.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________JB______
Deputy C.M. ___________________
City Manager ___________________
Account No. _001-6255-554-xxxx__
Project No. __$HOUSE________
WF No. ______________________
RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG AUTHORIZING THE MAYOR AND THE CITY CLERK TO EXECUTE A SPECIAL WARRANTY DEED TO TRANSFER OWNERSHIP OF PROPERTY AT 803 GEORGIA AVENUE LEESBURG, FLORIDA, TO RITA BROWN, THE WINNER OF THE HUD $1 HOME GIVE-A WAY; AND PROVIDING AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:
THAT the Mayor and City Clerk are hereby authorized to execute a Special Warranty Deed transfer ownership of property owned by the City of Leesburg located at 803 Georgia Avenue, Leesburg, Florida 34748, to Rita Brown, whose address is 1132 Ben More Drive, Leesburg, Florida 34788.
THAT this resolution shall become effective immediately.
PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a regular meeting held the _22nd____ day of _February____, 2010