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1st Amendment 09/20/2023 Kevin Madok, cpA Clerk of the Circuit Court& Comptroller-Monroe County, Florida DATE: September 25, 2023 TO: Clin'stine Hurley, Executive Director Monroe County lui(l Authority ATTN: Cyntlila Guerra, Acquisition Manager X'HBP Fair Housing Coordinator FROM: Painela G Hanco(04wc. SUBJECT: September 20' BOCC Meeting Altaclic(l are the lollo"'Ing items for your liandling: F6 I' Amendment an(l extension ol'Board-approml purchase agreement of*property, funded by the Community Development Block Grant-Disaster Recovery Voluntary Home Buyout Program in the amount of*$240,000.00. F7 I" Amendment and extension ol'Boar(l-approve(l purcliase agreement of'property, fun(le(l by die Community Development Block Grant-Disaster Recovery Voluntary Home Buyout Program in the amount oi'$380,000.00. F8 Resolution No. 292-2023 granting approval ol'a purchase agreement or property fun(le(l by die Community Development Block Grant-Disaster Recovery Volun", Home Buyout Progani in Ilic aniount ol'$1,115,000.00, execution ol'a restrictive covenant running with the land, an(l niming one Market Rate - Rate of'Grog vdi Ordinance Exemption from the acquired property to die A(Iiiiiiiistrativc Relief Pool for market rate allocation(s). Should you liavc any questions please feel 1'rec to contact nic at (305) 292-3550. cc: County Attorney Finance File KEY WEST MARATHON PLANTATION KEY 500 Whitehead Street 3117 Overseas Highway 88770 Overseas Highway Key West, Florida 330�40 Marathon, Flodda 33050 Plantation Key, Florida 33070 AMENDMENTONETO AGREEMENTFOR PURCHASE BE,rWEEN MONROE COUN-ry ("BUYER") AND A-rUL KUMAR ("SELLER") DA-rED FEBRUARY 15, 2023 This Amendment ("Amendment One") is made and entered into this 201h day of September. 2023 by and between NROE COUNTY, a political subdivision of the State of Florida, whose post office address is 1100 Simonton Street, Suite 205, Key West, Florida, 33040 (hereinafter referred to as "Buyer") and Atul Kumar (herein referred to as "Seller"); wrrNESSE'rH: WHEREAS, the Agreement for Purchase ("AGREEMENT-) between Buyer and Seller was entered into the 15 Ih day of February 2023 with a deadline to close the transaction within 90 days, or by May 16, 2023; and, WHEREAS, Paragraph 3.3 of the Agreement states that the Seller(s)acknowledge that the Agreement does not constitute a guarantee to the commitment of funds or site approval and that such commitment of funds or approval is subject to conditions, including DEO approval; and, WHEREAS, DEO originally approved the purchase on December 19, 2022, prior to the Board of County Commissioners approval of the Agreement on February 15, 2023, and, WHEREAS, a delay in processing of this Agreement arose during a DE O monitoring event that took place in January and February 2023, such that the Agreement was not closed within 90 days per Paragraph 7 of the Agreement; and, WHEREAS, the Buyer and Seller(s) wish to extend the Agreement for an additional 180 days-, and, WHEREAS, during the due diligence phase of the transaction, the County discovered defects in the legal description that are being corrected through this amendment of the Agreement. NOW rHEREFORE, in consideration of the mutual promises contained herein. the AGREEMENT is amended as follows: Section 1. Recitals and Lemislative Intent. The Foregoing recitals, findings of fact, and statements of legislative intent are true and correct and are hereby incorporated as if fully stated herein. Section 2. The AGREEMENT is amended as follows: Paragraph 1 Legal Description is stricken and replaced with the following: A parcel of land on Big Pine Key, Monroe County, Florida, lying and being in Section 25, Township 66 South,Range 29 East, described by metes&bounds as follows: Commencing at the Northeast Corner of Lot 10, Block 33 of Sands Subdivision as recorded in Plat Book 1, Page 65, of the Public Records of Monroe County, Florida, bear South 89 degrees and 52 minutes East along Avenue T", 163 Feet to the Point of Beginning bear South 89 degrees and 52 minutes East 81 feet, thence South 50 feet, thence bear North 89 degrees and 52 minutes West 81 feet, thence North 50 feet back to the point of the beginning. f/k/a Part of Lot 7, Square 33, Sands Subdivision, as recorded in Plat Book 1, Page 65, of the Public Records of Monroe County, Florida, as set forth in that conveyance recorded in Official Records Book 463, Page 362-3, of the Public Records of'Monroe County, Florida Paragraph 3.1 is stricken and replaced with the following: Para rah 3.1 — Contin rencies. Seller(s) shall vacate the property within 270 days from the date of this contract or by the vacancy inspection date, whichever is earlier. IT Seller(s) does not vacate the property, the Buyer shall have the right to void this contract, unless an extension has been agreed upon. in writing, between Seller(s) and the Buyer. The Property shall be delivered by Seller(s)at settlement/closing date free of any tenant(s)or occupant(s) and future tenancies. Paragraph 7 is stricken and replaced with the following: Pa -!EqgEqft 7_LoXL 11 yevance Date of Closing/Possession. Conveyance will be made subject to all casements and covenants of record (provided they do not make the title unmarketable or prohibits Buyer from its desired use of the property) and to all governmental statutes, ordinances, rules, and regulations. The Seller(s)'s possession establishing evidence of title including, but not limited to, abstracts, title commitments. title policies and opinions of' title. Seller(s) agrees to convey by marketable title with a general warranty deed. free of encumbrances. The deed will be prepared by the Closing Attorney in the name of Monroe County, FL, or as otherwise stipulated by Buyer, and delivered to stipulated place of' closing. Closing Attorney shall be authorized to disburse the sales proceeds at the time of' settlement. This transaction will be closed on or before 270 days of the signing of this contract unless an extension has been agreed upon between Seller(s) and the Buyer. The remainder of the terms and conditions of the AGREE MENT remain unchanged by this Amendment, and continue in full force and effect. 4Xh-V IN WITNESS WHEREOF, each party caused this Amendment to the Agreement to be executed by its duly authorized representative. Seller/ A Kumar Siena `A Date Phone Number COUNTY: MONROECOUNTY, FLORIDA KEVIN MADOK, CPA, Clerk By: As Deput, Clerk MONROE COUNTY ATTORNEY 1 AS - ,'l UOT)M APPROVED ASSISTANT COUNTY ATTORNEY 13 DATE M rn c--) • -TI Return to: Wright Barm*ws, PLLC' 540Kcy Deer Blvd Big Pine Key, FL 33043 305-872-1050 ------------------ SpaceAbmve this Line for Recording ----------------------------------- DECLARATIONOF RESTRICTIVE COVENANT RUNNING WITH THE LAND AND DECLARATION OF RESTRICTION ON FUTURE DEVELOPMENT This Declaration of Restrictive Covenant is csccuhcd as of the ________1h day of , 2023 (the -Effective Date" h� MonroeCounty, u political subdivision of the State of Florida, whose post office address is | 100 Simonton Street, Suite 205` Key West, FL 33040, in reference to the property ("Property") known as: Legal Description: /\ parcel o[land on Big Pine Key, Monroe County, Florida, lying and being in Section 25, Township hh South, Range 29 East, described by nuctcs & bounds as follows: Commencing u\ the Northeast Comer of Lot |0, Block 33 of Sands Subdivision as recorded in P|u1 Book |, Page 65, of the Public Records of Monroe County, Florida, bear South 09 degrees and 52 minutes East along Avenue ''F", 163 Feet to the Point of Beginning bear South 89 degrees and 52 minutes East 8| feet,thence South 50 feet,thence bear North 89 degrees and 52 minutes West 01 feet, thence North 50 feet back to the point o[the beginning. |7k/u—Part o[Lot 7` Square 33, Sands Subdivision,as recorded in P|n1 Book |, Page 05` of the Public Records o[Monroe County, Florida, us set forth in that conveyance recorded in Official Records Book 463, Page 302-3, of the Public Records of Monroe County, Florida RE #: 00304430-000100 Address: 31404 Avenue F, Big Pine Key, Florida 33043 conveyed by the Deed between/\\u| Kumar, participating in u federally assisted acquisition project ("Grun\nr"), and Monroe County, ("Grun\ee"), its successors and assigns: WHEREAS, Hurricane /rnou impacted the Florida Keys on September |0` 20|7, destroying or nooyor|y damaging over 4`000 residential structures in Monroe County-, and WHEREAS, in response to the impacts statewide ofHurricane Irma,the Department o[Economic Opportunity (0E[)) developed a Community 0cvc|npnocn1 Block Grant - Disaster Recovery (C0BG-DR) Action Plan that detailed how the State will administer the funds statewide. The Action Plan includes the Voluntary Bnnue Buyout Program (VBBP) which was created \oacquire properties that are in high-risk flood areas, to reduce the impact of future disasters, and to assist property owners \n relocate 10 less risk prone areas, and, WHEREAS, Monroe County was uvvurdcd $15 Million in C0BG-DR funding for the creation and implementation of \/BBP for unincorporated portions of the County. The County adopted Resolution 150'2020 to ncocpi and execute the \/BBP 0E(} Subreoipicnt /\gnccnocni for the [[}B(]-[}R funding on May 20, 2020, which was amended by an Amendment to the \/BBP Subrcoipicnt Agreement approved onMarch |7, 202\, making the County u \/BBP grantee-, and WHEREAS, the Subrcoipicni /\grccnocni requires the County to restrict \/BBP acquired properties to uses stated in the Couniy`s grant application. The application included Resolution 224-2019 which stated ihcoounty`s intention was to deed-restrict the properties in perpetuity to open space uses, storm water improvements or to restore and conserve the natural Ooodp|uin functions; and NOW, THEREFORE, this 0EC[/\R/\Tl(}N is made from and u/tcr the Effective [}ate and subject tmthe following terms and conditions: |. Terms. Pursuant to the terms of the Subrecipient Agreement 10092 dated June 4, 2020, the following conditions and restrictions shall apply in perpetuity imthe Property described in the attached deed and acquired by the (],uniec pursuant to C[}B(]-[}0 requirements concerning the acquisition m[the Property: a. Compatible uses. The Property shall be dedicated and maintained in perpetuity to open space uses, sim,no vvutcr inoprmvcnocnis or to restore and conserve the natural Ommdp|uin functions. b. Structures. Construction m[new structures is only allowed where: i. /\ public building is open mnall sides and functionally related tma designated open space usc.; ii The structure isupublic rest romno� or iii The structure is omnopn1ib|c with the uses proposed included in paragraph \.a` and has 0E(} approval in vvddng before the construction m[the structure begins. Any new structures built on the Property according imthe subparagraph b. above will bc elevated o, flood-proofed imthe Base Flood Elevation (BFE) plus two foot of freeboard as defined in the Federal Register 24 CFR 55.2(b)(10), or as unocndcd and defined in the Fcdc,u| Register, and meet applicable requirements o[the National Flood Insurance Program ONFlP\ Doodp|uin management regulations o, local codes. C. 0isosic, Assistance and Flood Insurance. /\|tcr scii|enocni` no federal disaster assistance for any purpose from any federal source, no, flood insurance payments will be made with respect to the Property,and no person or entity shall seek such amounts. d. Transfer. The sub,eoipieni must obtain the approval of [}E(} before conveying ownership (fee title) of the Property to another public agency or qualified conservation organization. Property transfer io private citizens and corporations will not be approved. All development rights in the form of a conservation easement on the property must be conveyed to the conservation organization or retained by the subrecipient or other public entity. 2. Enforcement. The subrecipient must accept responsibility for monitoring and enforcing this deed restriction and/or easement. 3. Amendment. This agreement may be amended upon signatures of DEO and the Grantee only to the extent that such amendment does not affect the fundamental and statutory purposes underlying the agreement. 4. Severability. Should any provision of this grant or the application thereof to any person or circumstance be found to be invalid or unenforceable, the rest and remainder of the provisions of this grant and their application shall not be affected and shall remain valid and enforceable. IN WITNESS WHEREOF,the undersigned has caused this DECLARATION to be signed by its duly authorized representatives, as of the day and year first above written. Grantee/ COUNTY: MONROE COUNTY, FLORIDA ATTEST: Kevin Madok, CPA, Clerk Al" .......... ---------------------------------- —uty Clerk Craig tes�,ea�or MONROE COUNTY ATTORNEY APPROVED AST FORM Date: KEI-.,I,Y iAN ASSISTANT COUN rY ATTORNEY Date: