|Bradenton Area Convention Center One Haben Boulevard, Palmetto - Longboat Key Room 9:00 a.m. - August 11, 2020|
Agenda Item #31
Execution of Agreement for Termination of Livable Manatee Homeownership Incentive Program Land Use Restriction Agreement for 423 30th Street East, Palmetto, FL
Contact and/or Presenter Information
Geri Lopez, Director, Redevelopment and Economic Opportunity Department, ext. 3937
Denise Thomas, Community Development Division Manager, ext. 3474
Authorization for the Chairman to execute Agreement to Terminate the Land Use Restriction Agreement for Livable Manatee Homeownership Incentive Program between Manatee County and Select Homes of Florida, LLC. (Owner/Developer) for property located at 423 30th Street East, Palmetto, FL 34221.
Resolution R-17-069 - Livable Manatee Incentive Program
On September 18, 2019, an Affordable Housing Designation application was received for property located at 423 30th Street East, Palmetto, FL 34221.
On February 25, 2020, the Board of County Commissioners executed a Land Use Restriction Agreement with Select Homes of Florida, LLC. for development of an affordable single-family unit with a sales price of $144,000 to be sold to a very-low (50%), low (80%), or moderate (120%) income household.
On May 11, 2020, the Land Use Restriction Agreement was recorded by the Owner under instrument number 202041047658 in public records.
On May 22, 2020, the Owner established a contract for purchase with an individual that does not qualify as a very-low, low, or moderate income household under the Livable Manatee Income Requirements.
On July 23, 2020, the Owner requested that the Land Use Restriction Agreement be terminated for the property located at 423 30th Street East, Palmetto, FL 34221 to allow for the sale of the property.
No incentives have been paid or will be paid on this property.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Please provide an original Termination Land Use Restriction Agreement to Deborah Ash, ext 3478, Redevelopment and Economic Opportunity Department (Deborah.Ash@mymanatee.org).
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: 423 30th Request Term LURA Letter.pdf
Attachment: termination of lm lura.pdf