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Home My WebLink About7048RESOLUTION 7 0 4 8 WHEREAS, the properties listed herein are surplus to the needs of the City; and WHEREAS, these properties consist of vacant lots, and WHEREAS, these properties could be used for infill construction of new homes; now therefore The following described real properties are to be sold to the Pueblo Housing Authority for the amounts listed: Address: 703 E. 2nd Street Legal Description: Lots 15 -16 and the West 12 feet of Lot 17, Block 6, Mattices Addition Offer: $3,500.00 Address: Fountain & River Legal Description: Lots 10 -13, including Vac Sts and A, Block 19 Mattices Addition Offer: $7,000.00 INTRODUCED December 28 ATIEST: city Clerk t By JOHN CALIFANO , 1992 Councilperson APPROVED Pres' ent of City Council U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT HOUSING - FEDERAL HOUSING COMMISSIONER PUBLIC HOUSING PROGRAM OFFER OF SALE OF REAL PROPERTY In consideration of the sum of $ 1, 00 and other valuable consideration herein called "option price ", the receipt whereof is hereby acknowledged, the undersigned (hereinafter called the "seller "), being the owner of the property described below, hereby offers and agrees to sell and convey the property tot lie TTrrnic i ng At thor I t of thcl City Of Puebin (hereinafter called the "Public Ilousing Agency" (PIIA) or its assignee or nominee for t11e sum of $ 7, 000 . 00 • In the event that a Purchase Agreement (Form liUD- 51971 -II) is executed but closing cannot be consummated for the reasons staled in paragraph 3 or 5 of tite Purchase Agreement, the seller hereby agrees that the option price or portion thereof shall be returned to the PHA as provided in the Purchase Agreement. 2. The property is located in (city or town and county Puebla, Puebla in the State of G:eloraalo and the property is described as follows (include street address or other specific location, attach list of any renter occupants by name, address, and number of persons in house- hold, and identify any exceptions to the offer): Address: Fountain & River Legal LOTS 10 -13 INC VAC STS + A 13LK 19 MATTICE ADD No occupants; vacant site 3. This offer shall be irrevocable for a period of 120 days (insert at least 90 days) from the date hereof and shall remain in force thereafter until terminated by the seller by giving 30 days prior written notice to the PHA of such termination. Until the offer is terminated, the PIIA or its designee shall have the right to enter said property for the purpose of appraisal, survey and inspection. 4. The PIIA shall evidence acceptance of this offer by executing at least three copies of Form HUD - 51971.11, Purchase Agreement, a copy of which is attached as an exhibit, and by mailing at least two executed copies to the seller at the address specified below so that the seller may execute both copies and return one to the PHA. 5. Upon closing, the seller shall: (a) convey (subject to arry exceptions specifically set forth in paragraph 2 hereof and liens for current taxes and assessments) to the PHA or its designee or nominee by general warranty decJ a good and marketable fee - simple title thereto, together with all improvements, hereditaments, and appurtenances thereunto be- longing, free and clear of all liens, easements, restrictions, delinquent taxes and assessments, leases and encumbrances of any kind, existing or inchoate, with proper release of dower, curtsy, and waiver of homestead rights, if any, together with all of the seller's rights, title, and interest in and to any streets or alleys adjoining or abutting thereon; (b) provid' } documentary evidence that the zoning permits the PIIA's proposed use of the property; and (c).rleliver possession to the PHA which shall be responsible for removal of any renter occupants. r 6. Loss or damage to the property by any cause shall be at the risk of the seller until title has been conveyed to the Pt1A. 7. The seller agrees, so long as this offer remains in effect, not to sell, mortgage, encumber, or otherwise dispose of the property or any part thereof, or interest therein, except to the PHA. 8. This offer is made voluntarily and not under threat of use by the MIA of its power of eminent domain. This offer shall be binding upon the seller and the seller's heirs, executors, administrators, successors, and assignees. .Biller) Lew Quigley, City M pager Z Z, 4A 67 ,e9 : fLJ1 December 8 19 ( Witness (Witness) Address (k1 r ty Hall Pueblo, Co. 81003 Supersedes HUD -51971 (0.72) HUD - 51071.1 I1 -81)