696-GoldenRule Housing DEVELOPER'S AGREEMENT
( For: Pa~nnent of Cost Of Demolition of Condexmled Structure ) 1706 Bell Avenue, Sanford, Florida
WHEREAS, The City of Sanford (hereinafter called the "CITY~
and GoldenRule Housing and Community Development Corporation a
Geneva L. Mitchell, 1205 Golden Gate Circle, Sanford, Florid~
32771, (hereinafter called "Ms. Mitchell") wish to enter into an
Agreement regarding disposition of CITY charges for demolition of
a condemned structure previously located at 1706 Bell Avenue; and
WHEREAS, the CITY previously demolished a condemned structure
on a parcel of land owned by Ms. Alberta Amour, the legal
description of this parcel being "The North 100 feet of the South
264 feet of the East 165 feet of the West 1/2 of the Northwest 1/4~
of the Southwest 1/4 of the Northwest 1/4 of Section 36, Township.~
19 South, Range 30 East, Seminole County, Florida" (SubjectcD
Parcel); and
WHEREAS, on or about February 16, 1995, Ms. Alberta Armour
conveyed this parcel to GOLDENRULE; and
WHEREAS, in response to a request from GOLDENRULE, the City~
Commission, on January 8, 1996, approved the concept of splitting
the total amount then due, Twenty-One Hundred Eighty-Two Dollars
and Thirty-Nine Cents ($2,182 39) plus then accumulated interest of
'Two Hundred Sixty-Eight Dollars and Thirty-Two Cents ($268.32)
between the east and west portions of the total parcel, each
believed to be a buildable lot, and to forgive one-half of the
amount due on the west half, $545.60 principal plus accumulated
interest thereon, with the balance due on that parcel at time of
closing of sale of the west half to Ms. Mitchell under a contraceD
then in effect. The City Commission similarly agreed that at tir~o
of closing of a future sale of the eastern portion of the tota~
parcel, to consider forgiving one-half of the balance then due o~
that parcel, provided that the CITY received payment of the
principal and interest then due on ti~e half of the balance then due
not forgiven; and
WHEREAS, at the time of closing of the sale to Ms. Mitchell,
the one-fourth of the total demolition cost plus applicable
interest was not paid to the CITY, and has not been subsequently
paid to the CITY; and
WHEREAS, as GoldenRule wishes to sell to Ms. Mitchell the east
half of the Subject Parcel, believing that it is essentially
undevelopable for lack of adequate access; and
WHEREAS, Ms. Mitchell wishes to purchase from GoldenRule the
east portion of Subject Parcel and is willing to assm~e
responsibility for payment to the CITY of the principal and
interest, of the unwaived half of the balance due, for demolition
on the west half of Subject Parcel, and to assume responsibility
for payment to CITY of half of the balance due, principal and
interest, or the east half of Subject Parcel provided the CITY will
waive half of said balance due; and
Developer's Agreement Revised 2/19/98
For: Payment of Cost of Demolition
1706 Bell Avenue - Page 2
WHERE., the parties wish to enter into a binding
Agreement for time payment of the monies presently due from th~
sale to Ms. Mitchell and for the future disposition of that portio~ CD ~.~_
of the demolition cost assigned to the eastern portion of th~
parcel GOLDENRULE acquired from Ms. hour.
The CITY, GOLDENRULE, and Ms. Mitchell agree that the
foregoing recitals are substantially correct and form a basis for
the Agreements included in 'this document. Excerpts from the
Minutes of the City Commission Work Session and Regular Meeting of
January 8, 1996 and the original invoice regarding building
demolition dated August 3, 1994 are attached hereto and made a part
of this Agreement.
It is agreed that with respect to the western 1/2 Ms. Mitchell
will pay to the CITY one-fourth of the total demolition cost,
$545.59, plus accrued interest applicable to that portion of the
principal amount and that the CITY will forgive a like amount of
principal and interest applicable for demolition. Payment of this
amount due from Ms. Mitchell shall be accomplished by monthly
installments of Seventy-five Dollars ($75.00) per month due on the
first day of each month following finalization of this Agreement.
With respect to the eastern portion of the subject parcel, the
CITY agrees to forgive principal and interest on one-half of the
total demolition cost assigned to the eastern portion of the
property, Five Hundred Forty-Five Dollars Fifty-Nine Cents
Developer's Agreement Revised 2/19/98
For: Palanent of Cost of De/nolition
1706 Bell Avenue - Page 3
($545.59) plus accrued interest, provided that following closing of
sale to Ms Mitchell of the eastern portion of the Subject Parc~
by GOLDENRULE that Ms. Mitchell will pay the CITY a similar amou~
of principal plus interest accrued. Payment of this amount du~
from Ms. Mitchell shall be accomplished by monthly installments o~
Seventy-five Dollars ($75.00) per month due on the first (lst) of
each month following finalization of this Agreement, closing of
sale to Ms. Mitchell, and completion of payment of monies due the
CITY from the western portion of Subject Parcel, under this
Agreement. The rate of interest for computation shall be eight
percent (8%). An Amortization Schedule for sequential payments for
both parcels is attached hereto and is made a part of this
Agreement.
This Agreement shall be binding upon Ms. Mitchell and
GOLDENRULE, their successors, and assigns until completion o~
payments to the CITY herein before addressed.
Developer's Agreement Revised 2/19/98
For: Payment of Cost of Demolition
1706 Bell Avenue - Page 4
CITY OF SANF D, FLO~~a~_iIDA
~aket R. Dougher Clerk
~.,.: .~..
WI WITNESS
GOLDENRULE HOUSING & COMMUNITY
DEVELOPMENT CORPORATION
Cynthia
CO)~ O~ 8~I~0~) ~~.)
S~scribed and sworn to (or affirmed) before me this /3
identification.
Developer's Agreement Revised 2/19/98
For: Payment of Cost of Demolition
1706 Bell Avenue - Page 5
By: 6L-
Geneva L. Mitchell
CO~ OF SEMINO~)
Subscribed and sworn to (o= affirmed) b~re 'me this
identification.
~ ~~+~f Notary Public, Coaission No.
~ (Name of Notary t~ed, printed or staped)
Attachments
Developer's Agreement Revised 2/19/98
For: Payment of Cost of Demolition
1706 Bell Avenue - Page 6
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CITY OF SA EO D
P.O. BOX 1788
SANFORD, FL ~2772-1788
,
(fiOTI 330-55OC
TO: ALBERTA ARHOUR INVOICE NO: 3143
2600 GEORGIA AVE ~1206 DATE: 8/03/94
SANFORD, FL 32773
CUSTFjMEP, NO: 236 CUSI'OME.R TYPE: AB/ 236
QUANTITY DESCRIPTION UNIT PRICE EXTENDED PRICE
1.00 ASSESS~LNT-aLDG DE,'IOLITN 2,182o39 2.182.39
1706 ~ELL AVE.
m ~..3 c~:',~,.
r-
c'~
EliGIBILITy U~TISFACTORy
FOR NIiCROF~L~ING
TET~L DUE CITY: $2,182.3g
PLEASE DETACH AND SEND THiS COPY hITH REMITTANCE
UAT~: 8/03/9~ DUE DATE: 9/02/g~
P,C-:'~[T AN[) ;'~K~ .S~'!ECK PAYAi3LE TD:
CiTY C)F- SANFORD
P.C- 5:]X 1783
cA~Pr'~ PL 32772-17~B
iN'v'~[C~ NO: 31~3
~ ~r:. : ~3~ CUSTL:M~R TYPE: A8/ 23~