Title
A Resolution Of The City Commission Of The City Of Hollywood, Florida, Approving And Authorizing The Sale Of City-Owned Property Located At 5608 Wiley Street As An Affordable Housing Unit To Christopher Noel Thomas, Sr. In The Amount Of $274,500.00; Authorizing The Appropriate City Officials To Execute The Residential Contract For Sale And Purchase Along With A Warranty Deed And Declaration Of Restricted Covenants.
Body
Staff Recommends Approval of Attached Resolution.
Explanation:
On June 6, 2012, the City Commission passed and adopted Resolution No. R-2012-151 which authorized the appropriate City officials to execute a lease agreement with Liberia Economic and Social Development, Inc. for the use and management of the Washington Park Redevelopment Project premises located at 5601-5651 Wiley Street.
On March 6, 2013, the City Commission passed and adopted Resolution No. R-2013-066 which approved and authorized the execution of a first amendment to the lease agreement which provided for the construction of one single family home to be developed by Liberia Economic and Social Development, Inc. (LES) which would be sold as an affordable housing unit to an eligible homebuyer. LES has completed construction of the home as specified and has identified Christopher Noel Thomas, Sr. as an eligible buyer.
Pursuant to Section 13.01(a), of the City Charter, entitled Sale of City-Owned Real Property, any property which the city proposes to sell or otherwise dispose of must be appraised by one independent, qualified appraiser. If the appraiser values the property in excess of two hundred fifty thousand dollars ($250,000.00), a second independent appraisal is required. If the two appraisals differ by more than twenty-five present (25%), a third independent appraisal is required.
The first of two independent appraisals of the Property was conducted on January 2, 2019 by Catherine L. Wilson, and the appraised valued of the Property in its "As Is" condition ...
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