HomeMy WebLinkAboutL 10830 P 42 14830 PC 42 -70
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300 U
® SUFFOLK COUNTY
QUITCLAIM DEED
THIS INDENTURE, made the �rfday of , 1988
BETWEEN the COUNTY OF SUFFOLK, a municipal corporation
of the State of New York, having its principal office at the
Suffolk County Center, Center Drive, Riverhead, New York 11901,
party of the first part,
AND TOWN OF SOUTHOLD, 53095 Main Road, Southold, New York
11971, party of the second part,
WITNESSETH, that the party of the first part, pursuant to
Resolution Number 235-1988 adopted by the Suffolk County
Legislature on March 29, 1988 and , thereafter, approved by the
---------
Cotmty Executive on April 14, 1988, in consideration of ten
DISTRICT dollars and other valuable consideration paid by the party of the
1000 second part, does hereby remise, release and quitclaim unto the
party of the second part, the heirs or successors and assigns of
SECTION the • party of the second part forever,
079.00
- ALL, that certain plot , piece or parcel of land with any
BLOCK ;,,, ,buildings and improvements thereon erected, situate, lying and
06.00 ,being in the Town of Southold, County of Suffolk and State of
- ;;,: New,.York, and acquired by Tax Deed on March 20, 1985, from
LOT ,I General L. Rains, the Deputy County Treasurer of Suffolk County
003.007 ,:n,New York, and recorded on March 31, 1985, in Liber 9756, Page
--------- I.. . 5A, and otherwise known as and by Town of Southold Sch Dist
0554
N-Weinstein-Ors E-Crowley S-Connolly-Ors W-Kraus-Ano,
`� • „{FURTHER,;.notwithstanding the above description, it is the
�"°•. intention of this conveyance to give title only to such property
•�� �A as was acquired by the County of Suffolk by Tax Deed on March 20,
; 7M 1985 from General L. Rains , the Deputy County Treasurer of Suffolk
County, New York, and. recorded on March 31, 1985 in liber 9756 at
Page 53/54,.,
i; ,PROVIDED, however, that the party of the second part, will
be;-restricted in its use of the subject premises and will use said
premises solely and exclusively for affordable housing purposes ;
all right, title, and interest will revert to the party of the
first part, at the sole option of the party of the first part , in
the. event that the party of the second part, at any time uses or
attempts to use said subject premises for other than affordable
housing purposes, in accordance with the approved plan submitted
by the party of the second part. The reverter clauses contained
herein shall apply to the grantee, or any transferee from the
grantee formed pursuant to Article XIX - Affordable Home Ownership
Development Program of the Private Housing Finance Law of the
State ,of New York, or a not-for-profit corporation formed under
§402 of the Not-for-Profit Corporation Law for affordable housing
( purposes.
r Additionally, if any one or more of the following occurs, the
property secured by this deed shall revert as he
rejyibefore set
forth
1: If the party of the second part fails to construct or
complete construction of affordable housing unit or units on
said property within three (3) years from the date of this
deed;
RECEIVED
$ 9�L- _
300 8 RFei ESTATE
' 1ULIME A. 81MSEUA 5 1989
RECORDED APR 5 1989 RaK OF$UFFOLK COU,f ' TAX
SUFFOLK
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