HomeMy WebLinkAboutL 12494 P 981ois'rRICT
1000
SECTION
! 22.00
BLOCK
02.00
LOTS
023 .OO2
023.003
O23 .OO4
023.005
023.006
023.007
023.008
023.009
023.010
023.01 I
023.012
023.013
023.014
023.015
023.016
023.017
023.018
023.019
023.020
023.02 I
023.022
023.023
/ao - 03. a3
/
THIS QUITCLAIM DEED WlTll COVENANTS AND RESTRICTIONS ("Deed"},
made thc gth day o£ February, 2007,
BETWEEN thc COUNTY OF SUFFOI.K, a municipal corporation oftbe Slate of New
York, having its principal office at the Suffolk County Center, Center Drive, Riverbead, New
York 11901 {"County"J. acting by and through its Department of 'Economic Develol~x-nt and
Workforce Housing ( thc "Dcpanracnt") having its offices at 100 Veterans Memorial llighway,
Hanppauge, New York 11788, ~ Grantor and the Town of Southold, a municipal corporation
of the State of New York whose addl~ss is :53095 Route 2:5, Southold, New York 11971
("Town"), as Grantee.
WllEREAS, the County is the owner of certain real property, consisting of all those.
plots, pieces, or parcel(s) of real property situated, lying, and being in the Town of Southold,
County of Suffolk und State of New York. as more particularly described ia Exhibit "A" annexed
hereto and made a part hereof ("Development An'a"}; and
WHEREAS. pursuant to a developtm'nt plan ("Development Plan"). annexed hereto and
made a part hereof ns Exhibit "B", the County is undertaking a project for the construction of
affordable housing ('Project") on the Development Area, as such Project is more fully described
in a eerlain development agreement ("Development Agreement"), ns annexed hereto and made n
part of hereof as Exhibit "C", belween the County, Town of Southold and CDCL[ Ilunsing
Development Fund Corporation dated December 15, 2006 and intended to be recorded in the
Office of the Suffolk County Clerk immediately prior to the recording of this iust~ument: and
WHEREAS. the Development Area is eligible to be conveyed from the County to the
Town pursuant to § 72-h of the New York General Municipal Law; and
WHEREAS, pursuant to Resolution No. 1130--2006. the Suftblk County Legislature
approved the conveyance of the Development Area fi'om the County to thc Town: and
WHEREAS, Town proposes to purchase the Development Area from the County
pursuant to thc terms nnd condilions set forth in the Development Agreement and to undertake
the consa'uotion of the Development Area in nccordnnce with the Development Agreement and
Development Plan. which construction shall accomplish the purposes of the Project: now
WITNESSETH, the County, in consideration of Ten and 001100 Dollars ($10.00) and
other valuable consideration paid by Town. the receipt and sufficiency of which is hereby
a¢lmowlndged, does hereby remise, mlcasa and quitclaim unto Town. its successors and assigns
forever, the Development Arc°... together with the appurtenances and nil the estate and rights of
thc County in and to the said Development Are'.,.
BEING AND INTENDED to be the same j~remises conveyed to the County of Suffolk
by CDCLI Housing Development Fund Corporation by deed of even daR: herewith and intended
to be recorded immediately prior in time to this Deed.
THIS DEED is intended to be recorded immediately prior to the recording oftbe deed of
even date herewith by the Tovm, as grantor, to CDCLI Housing Development Fund Corporation,
as ip'antee.
TO HAVE AND TO HOLD thc Development Area herein hq'anted unto Town. its
successors and assigns forever, as follows:
A. Conveyance.
The County hereby conveys to Town, and Town accepts from Ihe County. all
right, title, and interest of the County in and to the Development Area togather
with n right of ingress nnd egress over Cottage Way as shown on the filed map to
the nearest public highway and the appurtenances and nil the estate and rights of
the County in and to the Development Area, subject to, without limitation, the
following (i) the ~rust fund provisions of Section 13 of the Lian Law: (ii) all
covenants, rosa'lotions and ,.~sements of record, if any; (iii} and nil terms,
covenants, and conditions of this Deed, the Development Agreement, and the
Development Plan.
Town accepts the Development Area in its "as is" condition on the date of
delivery of this Decxi to Town. The County has not made any representations
regarding the condition of the Development Area. nor has or had any obligation
to undertake demolition, site clearance, or site preparation. The County neither
warrants nor rcpre~'nts the surface and/or subsurface conditions of the
Development Area, that such conditions will be suitable for the Project. or that
the Development Area is or will be level to grade. Town represents and warrants
that it has independently inspected the Development Area and is fully familiar
with its condition as ofthe date of delivery of this Deed m Town.
B. Conditions. Town, by its execution and acceptance of the delivery of this Deed,
covenants and ng~es, for and on behalf of itself, its successors and a~igns, and every successor
in interest to the Development Area, or any part thereof, to be bound by the following.covenants
and resl~ictious, which shall run with the land and which shall he binding for the benefit of thc
County and which shall he enforceable by thc County against Town and its successors and
assigns to the fullest extent permitted by law and equity:
Town will be restricted in its usg of the Development Area and will use the
Development Area for affordable housing purposes, in accordance with the
Development Plan and Development Agreement, with all right, title, and interest
reverting to the County. by operation of law and without fuflher action by
County, in the event that Town at any time uses or an,.J~u~s to use the
Development Area for other than affordable housing or attempts to sell, transfer
or otherwise dispose of or docs. in fact, sell, transfer or otherwise dispose of the
Development Area. or any part thereof for other than affordable housing
purposes, and contrary to the Development Plan.
Additionally. if any one or more violations of the following n:strictions occur, the
Development Area conveyed by this Deed shall revert as hereinbefore set forth to
the County:
Income Limits: all units, must be owner-occupied and remain the
principal residence of the owner. The owner's total household iocome
must nM'et thc tbllowing incorae limits:
2
Units
II
Income Limit
Up to 80% ofHUD eslablished median
income limits, adjusted by family size,
for the Nassau-Suffolk PMSA
11
Up to 100% HUD estsblished median
income limits, adjusted by family size,
for the Nassau-Suffolk PMSA
If state and/or federal funding is utilized in addition to County funding.
to subsidize deveinpn~:nt costs of this Project, the most stringent income
guidelines of the respective funding entities shall prevail.
Affordability for Owner-Occopied Units: The maximum unsubsidized
sales Ixice of an owner.occupied unit cannot exceed the non-targeted
maximum purchase price established by the State of New York Mortgage
Agency (SONYMA) for Suffolk County. The maximum unsubsidized
purchase price includes all development costs and land value. In
addition, at least 70% of the units in a development must have a
maximum unsubsidized purchase price that does not exceed 80% of the
SONYMA nun-tsrgeted purchase price.
In the event that subsequent to conveyance oflhe Development Area, or
any part thereof to Town, and prior to Completion of Construction as
defined in and in accordance with pamgroph 20'4 of the D~.welopment
A~-ement, ifTown and/or its successor in interest shell fail to effeetuatc
thc Completion of Construction within thc time specified in Paragraph
201(A) of the Development Agreement, unless the Director of
Affordable Housing has granted an extension in writing for good cause
shown, said extension to be no longer than two (2) years unless opproved
by a duly enacted resolution of the Suffolk County Lngislnturc and in
accordance with thc Development Plan, and such failure is not remedied
within sixty (60) days after thc Director of Affordable linusing has
provided v,'ritKn notice of such failure to the Town, the aforeslated
reversion shall occur.
Upon payment of thc consideration recited herein, and the conveyance of
the Development Area to the Town, all subsequent grantees of the
Development Area shall comply with all applicable state, federal and
local regulations pertaining to the prig'e, income eligibility and marketing
standards for this affordable housing Project.
Reversion of Title to the County. If the Town and/or its suocessur in interest to the
Development ~ breach the covenants, agreements and restrictions set forth in this
Deed, the County shall have the right, subject to Ihe laws ofthe State of New York, to re-
emer and take possession of the Development Area, and to terminate the eststc conveyed
to Town and to re-vest the same in the County. Notwithstanding anything contained in
this IX'ed to the eonlrary, any re-vesting of title in the County shall always be subject to
and limited by. and shall not defeat, render invalid, or limit in uny way. the Permitted
Encumbrances as desorihed in the Development Plan, which include the lien of any
3
mortgage to which lhe County has suhordin~ted ill lien, also as slated in the
Development Plan, and the Covenants and Restrictions imposed by the Town and filed
with the office of the Suffolk County Clerk in Liber 12480 cp 627.
Development Plan Comnliunce. Town shall develop and operate thc Development Area
in accordance with the requirements of the Development Plan. Notwithstanding any
provision to the contzary in this Deed or in any other document, the requirements of this
Section D shall survive until the date upon which the Development Plan expires by its
OWl1 terms.
No Merger.
Notwithstanding the specific n.'~ilal in this Deed of certain of the covenanll,
restrictions, and agreements which are provided for in the Development Plan and
in the Development Affmement, each and every covenant, restriction, agrcemenL
tcnn, provision, and condition contained in the Development Plan and in the
Development Agruement shall survive the delivery of this Deed and shall remain
in full force and effect except those which are satisfied in accordance with their
terms on the date-hereof, and on covenant, rcslriction, agreement, term,
provision, or condition contained in the Development Plan and in the
Development A~reement shall in uny event, or in any respect be deemed merged
with this Deed.
In the event title to the Development Area, or any part thereof, shall revert to
County as described in this Deed, the interest of County in any mortgage of
county or uny mor~gaga running in favor of the County on the De~lopment
Area, or any port thereof, shall not he deemed discontinued nor merged into the
greater fee simple absolute title. In such cas~, the mortgage interest of county
shall he deemed to continue and exist, as it has been previously created, f~e,
independent and not merged into any such greater fee simple ubsolute title which
may be acquired by County due to uny such reversion.
covenants Runnine With the Land. It is intended and agreed that thc agreemenll.
covenants and restrictions herein shellbe covenants and restrictions running with the land
and that they shall be, in any event, and without regard to te~haical classification or
designation, legal or otherwise, binding for the benefit and in favor of, and enforc,~ble
by, the County to the fullest extent permitted by law and equity. Such covenants shall
inure to the benefit of the County its successors and assigns, and shall bind und be
enforceable against Town and its successors and assigns. It is further understood that
such alpeements, covenants and restrictions shall be binding only upon the Town, any
suceeasor or assign of the Town undertaking the consU'uetion, reconstruction or
rehabilitation of affordable housing on the Development Area or a purchaser of un
affordable housing unit, only for such period as the Land Development Subsidy (as
described in the Development Plan) shall remain unsatisfied. Upon payment of the Land
Development Subsidy or expiration of thirty one (3 I) years, whichever occurs first and
the filing ora s-',tisfaction thereof, the covenants, agreements and restrictions contained in
this Deed, the reversion contained in Section (BJflJ and (.CJ of this Deed, the
Development Agreement and the Development Plan shall cease to apply to the unit or
units for which the Land Development Subsidy e~pired or was paid and satisfied, as the
case may be, und to the successors und assigns of such unit or units and shall no longer be
deemed to run with the land.
Sevembililv. If any tc.u or provision of this Deed shall be found to be void. voidable, or
otherwise unenfom~blc, such torm or pmvisinn shall be d-'eraed acvcrcd from this Deed
and shall have no £urthcr force or effect, and the remaining terms and provisions shall
thereafter continue in tull foree and effect to accomplish the intent and purpose of this
l.~ed to the fullest extent possible.
Waiver. To the extent permitted by law, Town hereby waives any and all righls it may
have: at Inv.. or equity, to challenge, rmgli~, set aside, extinguish, enjoin enfo~ement of
or seek relief from any of the terms, conditions, covenanLq, resa-ielions, or agra-merits in
this IX'ed.
Defined Terms. Any cupitali~,:'d term not defined herein shall have the meaning ascribed
to them in the Development Agreement nnd/o~ the Development Plan.
IN WITNESS WHEREOF. the County has duly cx~.n:utcd this Deed and the Town has
duly exccutcnl this Deed as of the date and year first above written.
COUNTY OF SUFFOLK
PAUl. SABATI'NO II
Chief Deputy County Executive
ACCEPTED AND AGREED:
TOWN OF SOUTH~D
Scott A. Russell.
Supervisor
ACKNOW1.EDGEM EN'I~
STATE OF NEW YORK )
COUNTY OF SUFFOLK )
On the 8th day of February in the year 2007, before mc, the undcrsignecL personally
npl~.-,m.'d ~ott A. Russell, personally 1mown to me or proved to me on the basis of satisfactory
evidence to be the individual who.~ uame is subscribed to the within instrument and
acknowledged to me that he execut~ the same in his capacity, and that by his signature.on the
instrument, thc individual, or the person upon hehalf ~
ins~'ument.
STATI:- OF NEW YORK
COUNTY OF SUFFOLK
}
)SS.:
On the 8th day o1' February in the year 2007, before me, the undersigned,
personally appeared Paul Sabatino IL personally known to me or prow..d to me on the basis o£
.sutislhctory evi~nen to be the individual whose name is subscribed to thc within instrument and
acknowledged to me that be ~xccuted the same in his capacity, and that by. his signature on the
instrument, thc individual, or the person upon behalf of' ~ the ~tdividual acted, executed the
instrument.
//~at ure n nd.~lr~:ll:i~q-n d i vidual
~"l'aking Ad~nt1~ed~,,ment
6
~HEDULE"A~
Fidelity National Title Insurance Company
TITLE. NO. 0'/-7404-67379-SUFF
SCHEDULE A-I (Dncrll~lo~)
RF_,-AM ENDED 2/7/07
AI,L that ccrlain plot, piecc or parcel of land, situate, lying and being at Mattituck, in the Town of Southold, County of
Suffolk and State of New York, known as Lot's I thru 22 on a certain map entitled, "Map o£Cottages nt Mattiluck" filed
in the Office oflhe Clerk o£the County of Suffolk on 1/30/07 as Map No. 11491.
TOOE',I'HI~R with ingress
Way to the nearc~ public highway.
Till; I~OLICY TO BE I,V~UED m~der iAi~ commilmetu will i~vure tlr title lo such buildit~ ~ im~omo~t~ ~ t~ ~Bes a4~ich
by I~ ~mt~ulc ~l
FOR ~NVEYANCING ONL Y: To~l~r w~h all t~ rig~, lille ~ ime~vl of l~ ~:y offprint ~t. of in ~ m tim la~ lying
ia t~ sl~l ~ front of ~ ~i~ said
5CIIEDUI.£ d.I (Description)
Rcv. (03/Os,)
DEVELOPMENT PLAN
COTTAGES AT MA'I-rlTUCK~ TOWN OF SOUTHOLD
Introduction
Defined terms not otheMise defined herein shall have the meanings set forth in
the Development Agreement.
Munldpality:
Prejec~ Address:
Site Description:
Suffolk County Tax
Map Numbers:
Land Purchase:
Project Description:
Town of Bouthold
Atth: Philllp Seltz, Special Projects Coordinator
P,O. Box 85
Maffituck, NY 11952
No~th side of Long Island Rail Road tracks, West of
Factory Avenue, South of Sound Avenue in the
Hamlet of Mattituck.
The entire site Is comprised of 7.4 acres and will
contain 22 homeowner units. Suffolk County
('County'), pumuant to this Development Plan, will
pumhase the site for workforce housing purposes.
The site is currently zoned N-ID, Affordable
Housing District, awarded on April 11, 2006 by the
Town Board to allow for greater dens'~.
See attached legal description - Exhibit A.
CDCLI Housing Development Fund Coq3omtlon
Atin: Marianne Garvin, Pmsklent
2100 Middle Counfly Road
Suite 300
Centereach, NY 11720-3575
1000-122.00-02.00-023..001 - {subject to change
after lot is subdivided}
The County will convey the land to the Town of
Southold which will convey the land to the CDCLI
Housing Development Fund Corporation .for the
development of 22 Wofldorco Housing Units.
New construction of 22 single-famil~ owner-
occupied homes. Each home will be 1100 s.f., will
have a full basement and contain 2 bedrooms with
1 bathroom. Ail homes will be handicapped
accessible and Energy Star rated. Lot sizes range
from 8,000 to 15,500 square feet. ..
?a~ 1
Land Subsidy (LDS):
Each unit will contain a front porch and a sliding
glass door to access the rear yard. Construction
will be wood frame with asphalt shingle roofs.
Kitchens will be provided with refrigerator,
oven/range, ductless hood, dishwasher, and a
stacking washer/dryer. The homes will have wall-to-
wall carpet throughout except there will be vinyl
flooring in the kitchen and entry foyer and ceramic
file in the bathrooms.
$40,681.82 per unit.
LDS Repayment:
Forgiven alter 31 years; otherwise repayable upon
covenant violation. Resale of a home must be to
income eligible purchasers at a qualifying purchase
price. Such resale will be overseen by the Town of
Southold through covenants and restrictions.
Homeowner Unit
Purchase Prices:
The following figures are not subject to change.
11 2 BR $175,900
11 2 BR $218,400
Homeownership
Occupancy Requirement:
The Town will certify to the County at initial
occupancy that it has met such requirements.
Wo~kforca Housing Units must be OValer occupied
and remain the principal residence of the owner.
The homeowner must repay the LDS as set forth
below. The LDS will be evidenced by a non-interest
bearing deferred lien, which may be subordinated
to bank financing or other funding sources, as
approved by the County.
The amount of the LDS to be repaid is equal to the
odgtnal amount of the LDS.
Page 2
Income EUgibility:
Homeowner Selection Process:
Homeowners must not exceed the following income
iimit~, based on family size, at the time of initial
occupancy:
11 units (see Exhibit B)
up to 80% of
Nassau/Suff~.lk HUD
current median
Income.
11 units (see Exhibit B)
up to 100% of
Ne_e_~a_u/Suffolk HUD
current median
income.
If other public/quasi-public funding . sources
participate and require more restrictive income
limits, they will prevail.
The Town will cart~y to the County at in~'at
o~cupancy that it has met such requirements,
See Exhibit C
Funding Sources:
1. Construction loan from State Bank of Long
Island.
2. $ 797,500 grant from the New York State
Affordable Housing Co~omtion ('AHC'). These
funds will be provided to each of the purchasers of
the Woddorce Housing Units in the amount of
$32,500 or $40,000, as the case may be, to
subsidize their acquisition costs.
3. ~85,000 grant of HOME funds.
Permitted Conveyances:
Sales o! Individual Workforce Housing Units/Lots.
Permitted Encumbmncas:
1. Reserved for construction lender,
2. During construction, a second priority mortgage
lien(s) in favor of the County In the aggregate
principal sum not to exceed $ 895,000.
3. Upon completion of construction of each
Workforce Housing Unit and lis conveyance to the
respective Individual purchaser(s), and subject to
releases of mortgage lien(s) covering each such lot,
first priority mortgage lien in favor of Ihe permanent
Development Team
Members:
residential mortgage lender;, second priority
mortgage lien status to be held equally between the
County, in an amount equal to the I. DS on a per
unit basis as defined above, and the nxxtgage lien
in favor of AHC; third priority mortgage lien In favor
of County of Suffolk Community Development
Builder: Island Estates East, LLC
Supervising Architect: Co~ Cannella
Engineer:. Nelson & Pope
Conditions of Closing:
1. Satisfac~ry evidence of financing sources
2. Building Permits and upon completion of
construction, certificate of _occ~__,pancy.
3. Suc~ other conditions as the County may
reasonably require.
Doc ID: "~..,,, 07005001
Dlotrl~ ~ectoa
1000 12200
1000 12200
1000 12200
1000 12200
1000 12200
1000 12200
1000 12200
1000 1 2200
1000 12200
1000 12200
1000 12200
1000 12200
1000 122O0
1000 12200
1000 12200
1000 12200
1000 12200
1000 122OO
1 000 122OO
1000 12200
Block Lot
0200 023002
0200 023004
0200 023005
0200 023006
0200 023O07
02O0 0230O8
0200 023009
0200 023010
0200 023011
0200 023012
0200 023013
0200 023014
0200 023015
0200 023016
0200 023017
0200 023018
0200 023019
0200 023020
02O0 023021
0200 023022
0200 023000
~ OF COTTAG~-q AT MA'I*I'ITUCK
FILED 1/30~07 MAP NO. 11491
4
6
7
8
9
lO
Il
12
13
14
15
16
17
18
19
20
2!
22
1000-122.00-02.00-023.002
1000.122.00-02.00-023.0~3
1000-122.00-~2.00-023.004
1000..122.00-02.00-4~3.005
1000-122.00-02.00-023.006
1000-122.00-02.00-023.007
100O-122.00-02.00-023.008
10~0-122.0~02.00-023.009
1000-122.00-02.00.023.010
1000-122.00-02.00-023.012
!000-122.00-02.00-023.013
lO00-122.00-02.00-023.014
1000-122.00-02.0~-023.015
1000-122.00-02.00-023.016
1000-122.00-02.00-023.017
1000- ! 22.00-02.00-023.018
1000-122.00-02.00-023.019
1000-122.0002.00-023.020
lO00-122.00-02.00-023.021
1000.122.00-02.00-023.022
1000-122.0002.00-023.023
DEVELOPMENT PLAN
COTTAGES AT MA'I'rlTUCK; TOWN OF $OUTHOLD
Introduction
Defined terms not otherwise defined herein shall have the meanings set forth in
the Development Agreement.
Municipality:
Project Address:
Site Description:
Owner:.
Suffolk Co,'mty Tax
Map Numbers:
Land Purchase:
Project Description:
Town of Southold
At'm: Phillip Beltz, Special Projects Coordinator
P.O. Box 85
Mattituck, NY 11952
North side of Long Island Rail Road b'acks, West of
Factor/Avenue, South of Sound Avenue in the
Hamlet of Mattituck.
The entire site Is comprised of 7.4 acres and will
contain 22 homeowner units. Suffolk County
('Count~'), pursuant to this Development Plan, will
purchase the site for workforce housing purposes.
The site is currently zoned AHD, Affordable
Housing District, awarded on April 11, 2006 by the
Town Board to allow for greater density.
See attached legal descrtption- Exhibit A.
CDCLI Housing Development Fund Corporation
Attn: Marianne Gan/in, President
2100 Middle Country Road
Suite 300
Centereach, NY 11720-3576
1000-122.00-02.00-023..001 - {subject to change
after lot is subdivfded}
The County will convey the land to the Town of
Southold which will convey the land to the CDCLI
Housing Development Fund Corporation-for the
development of 22 Workforce Housing Units.
New construction of 22 single-family owner-
occupied homes. Each home will be 1100 s.f., will
have a full basement and contain 2 bedrooms with
1 bathroom. All homes will be handicapped
accessible and Energy Star rated. Lot sizes range
from 8,000 to 15,800 square feet.
Page l
Land Subsidy (LDS):
Each unit will contain a front porch and a sliding
glass door to access the mar yard. Construction
will be wood frame with asphalt shingle roofs.
Kitchens will be provided with refrigerator,
oven/range, ductless hood, dishwasher, and a
stacking washer/dryer. The homes will have wall-to-
wall carpet throughout except there will be viny~
floo~ng in the kitchen and entry foyer and ceramic
tile in the bathrooms.
$40,681.82 per unit.
LOS Repayment:
Forgiven after 31 years; otherwise repayalale upon
covenant violation. Resale of a home must be to
income eligible purchasers at a qualifying purchase
price. Such resale will be overseen by the Town of
Southold through covenants and restrictions.
Homeowner Unit
Pumhase Prices:
The following figures are not subject to change.
11 2BR $175,900
11 2 BR $218,400
Homeownership
Occupancy Requirement'
The Town w/ll cern'fy to the County at initial
occupancy that it has met such requirements.
Workforce Housing Units must be owner occupied
and remain the principal residence of the owner.
The homeowner must repay the LDS as set forth
below. The LDS will be evidenced by a non-interest
bearing deferred lien, which may be subordinated
to bank financing or other funding sources, as
approved by the County.
The amount of the LDS to be repaid is equal to the
original amount of the I. DS.
Paste '7
Income Eligibility:.
Homeowner Selection Process:
Homeowners must not exceed the following income
limit~, based on family size, at the time of initial
occupancy:
11 units (see Exhibit B)
up to 80% of
Nasoau/Suffo. Ik HUD
current median
Income.
11 units (see Exhibit B)
up to 100% of
Nassau/Suffolk HUD
current median
income.
If other public/quasi-public funding . soumes
participate and require more resb'ictiva Income
limits, they will prevail.
The Town will ce~ify to the County at initial
occupan~'y that g has met such requirements.
See ExhibitC
Funding Sources:
1. Construction loan from State Bank of Long
Island.
2. $ 797,500 grant from the New York State
Affordable Housing Corporation ('AHC'). These
funds will be provided to each of the purchasers of
the Workforce Housing Units in the amount of
$32,500 or $40,000, as the case may be, to
subsidize their a~uisition costs.
3. $385,000 grant of HOME funds.
Permitted Conveyances:
Sales of individual Wondorce Housing Units/Lots.
Permitted Encumbrances:
1. Reserved for construction lender.
2. During construction, a second pdority mo~gage
lien(s) in favor of the County In the aggregate
prindpal sum not to exceed $ 895,000.
3. Upon completion of construction of each
Wo~force Housing Unit and ils conveyance to the
respective Individual purchaser(s), and subject to
releases of mortgage lien(s) coveting each such lot,
first priority mortgage lien in favor of the permanent
Page 3
Development Team
Members:
residential mortgage lender, second priority
mortgage lien status to be held equally between the
County, in an amount equal to the I. DS on a per
unit basis as defined above, and the mmlgage lien
in favor of AHC; third priority mortgage lien in favor
of County of Suffolk community Developmont
Builder: Island Estates East. LLC
Supewising Architect: Gary Cannella
Engineer:. Nelson & Pope
conditions of Closing:
1. Satisfactory evidence of financing sources
2. Building Permits and upon completion of
construction, certificate of occupancy.
3. Such other conditions as the County may
reasonably require.
Page 4
Fidelity National Title Insurance Company
TITLE NO. 07-7404-67379-SUFF
SCIIEDULE A-I (l~se~Mhtn)
RE-AMENDED 2/7/07
ALL that ce~ain plot, piece or parcel of land, situate, lying and being at Manituck, in the Town of Southold, Coumy of
Suffolk and State of New York, known as Lot's I ~hru 22 on n certain map entitled, 'lVinp of Cottages at Mattituck" filed
in the Office oftbe Clerk ofthe County of Suffolk on 1/30/07 as Map No. 11491.
TOGETHER with ingress and egre~s over Cottage Way to the nearest public highway.
TIII'' POLICY TO BF. I,~I/ED under this comtnitra~u will imm'e the tide to such buildings and imprm~ment$ o~ the peemisea
by law com'titute re~l property.
FOR CONFE YANCING ONL ¥: l'ogzher with all the right, title and int~rzst of the party of the ftr~'t part. of in and to the land lying
In the street in from of and adjoining ~aitl preml~.
SCHEDULE 4.1 fDe$criptiotO
Rev.
household income do~ not e~c_~J_ ~hty (80%) p~c, eat of'the HUD median inc0~'or
the County of' Suffolk. These units will be sold at a l~.hose price to the b-,y~, n~ of
subsidies, $175,900, Tho SulTolk County Land D~volopmcnt Subsidy for each of~
uni~, will be M0,681.82.
(B) As to Units 1,8,9.10,11,12,18,19,20,21 and 22, familics/i~ivla,,Al~ wlose
household income do~s not ~ceed on~ hunc~ (100%) percent of ~ho HUD n~an
income for ~he County of Suffolk. These units will ho sold at it purchase price to
buyer, net of subsidies, $218,400. The Suffolk County Land Devebpment Subsid~ for
each ofthosc units will be ~0,681.82.
EXHIBIT C
· mort~geabl~ R~ipt of"sa morts~e pt'c-approval by tho npplicant will be ,requircd in
order to be entered in to the Io~ty.
Applicants muct secure I mortgage pre. approval ~om a lender of their choice. As an
additional service, CDC's non-profit mortgage brokcr'age will conduct pre-approval ,,no
Selection of homebuyen will be conducted by lottery. All applicants who hive
completed Home Buyer Education and submitted ,, mort~ge pre-approval will be
eligible for the lottery. The lottery will be held during the fall of 2006. Eli~le
applicants will be offered the opportunity to purchase a home in accordance with tl~
place on the lo~ry list. Each appllc-',nfs name wilt be entaed into · hound book wlich
will become apcnnnoent record of ouch applicant's lottery .n~mbcr.
Lo~al Prefermce
All applications will be divided into four catc~ories, which a~ the Town of Sout~o¼'s
Local Preference prindtie% as delineated in the Affordable Housing District zoni~
ordinance, as follows:
· Priority i: Applicants who livb and work in the Town
· ' Priority 2: Applicants who live in th~ Town and wm'k outsid~ the Town
· Priority 3: Applicants who work in the Town nmi live outsid~ the Town
· Priority 4: Applicants who used to live in the Town &wish to r~tum
Applicants will b~ drawn'at random, from each of tho priority categories, in the onicr
listed above, and assigned an overall lottay number.
Income ~'ar~eting
In nddition to thc Local Proferenc~ the Cottagec at Mattituck has been de. signed ~ith
income targ~in~ so that 11 of the units will be sold to households with incon~.s below
80% of nrea median, and I1 will be sold to households with incomes up to 100% of n'ea
median. Accordingly, thc lust I 1 participants in thc lottn'y who meet each of th~c
income criteria will be selected to proceed to contract.
Contracts of Said Allocation ~f Subsidies
CDC of Long Island stsff will evaluate closins costs and down payment funds avalhbl~
to each participant. Applicants will certify the acc~y of th~h' asset and income
documentation, and sign credit release statements for verification of credit-worthin-'ss.
Staff will also evaluate end certify each applicant's eligibility for ti~ v~t'ious ¼yin of
subsidy, from govenuncnt and private sources for which they mzy be eligible, and create
an individualized home-b~ying profile for ~.ach buyer. Th~ Contract of Sate entc'r~ into
t~tweno CDC and the buyer will idcnti~ the availability of Al-lC subsidy, and other
sources of subsidy.
DEVI~OPMI~rF AGREEMENT
THIS DEVELOFMENT AGREEMENT (the "Ap~emem") made the~day of December. 2006
between THI~ COUNTY OF SUFFOLK (the "County"). ~ nunicJl~l cmporntion of th~ State of New York.
having its principal o~ce nt Count~ Center. Rivahead. New York llg01 acting by and tltrough its
DEPARTMENT OF ECONOMIC DEVELOPMENT and WORKFORCE HOUSING (the "Deparunenl~
ba~in~ its offices at 100 Veterans Memorial Highway. HaupMu~e. New York !178S. THE TOWN OF
SOU'fHOLD (the "Municipality"). a municipal co~o~ of the State of New Yoflt hvin8 its of~ce~ st
53095 Route 25. Southold. New York 11971 and (X}CLI HOUSING DEVELOPlv[ENT FUND
CORPORATION { the "Developer"} havir~ its principal ofrtces at 2100 Middle Country Road. Suite 300.
Cent=each. New York ! 1720-3576.
WHER~ in furdtemnce of the objectives of Aflick XXXVI of the Suffolk County Adn'~niqrutive
Co4lk. as amended {the "Prepare"). the Count/has und~Uken a pro,ram for the S~luisition. COnS~dCfiO~
t~"Cmutn~'iiou 8nd rehabilhtinn of popeflies h' affordable housin~ purposes; and
~ ~ exim · need in Suffolk County to provld~ ·fl'ordablc homin~ ~he~eby promoting
V/I~, there h been fonnt~ted and pre~enl=d to the Suffolk County Legi_,!a_~,~ for
co=sideminn snd q~proval 9n AfFordable Housing I)cvdopment Phn known as th= Development Phn for
(fie 'Development Plan"). annexed hezeto and mud~ t pail I~'eof u ~:ht'hit B, w'nich Devel~men~ Plan
;~o-,'ed by thc Suffolk Count./Legishnne punuam to p.e~]~on No. 1130-2006, which provides f'e~ ~
constnK~on, ~:.,~.structinu and/(= rr. hsb~tation of said Develo~ Area and, b;fr =//=, ~he consttuctiofl of
ancilla~ ftcilJ~s at thc Develoi~nent A=a (~ "Project"); and
WHEREAS, Resolution No. 1120-2006 autbo~zes thc County to crier into 1his ^~een=~ acquire
Development Axes and subsequnUly convey ~he i)evelopmmt Area to ~u~clpality for affordable houri·S
WHEREAS, Ruolutinn No. 200~-7t~ 'au~efiz= ~ MunicipaUt~ ~o ent~ into tl~ Apeement,
for a ffordabk housin~ innlx~es in acourdance with d= Propmn; ind
WHEREAS, tie County has acquired or wfl] acquire sll real prop~ not owned by it in th= said
Develo~nt Area and intends to scl] and convey the Development Area upon such t~rms ~nd prov;slons as
sbll cmur= d~ consm~liou, rououstru~on nd/or r~babilitition of the Development A~a by Munb:ipdity And
I~velope~, sll ss provided herein; aud
NOW, ~RE. esch of th: l~rties ~ for and in co·sial=ration of' th~ ~ nd
10t.
ARTICLE I
CONVEYANCE
lhuchse. Sale A~ and Mo~ge. 'r~ County a~'es to purchase the Dcvclopment Are8
from Developer 8nd to convey th~ Development Area to Municipality. Municipality tgrees to
I
EX'HI OI1-
102.
purclme the Development Are~ from the County for the purclum price of EI(~HT HI.JI~R~D
N~NEI'Y-FIVE THOUSAND and 00ZI00 DOLLAI~ ($~9'J,000.00) subject to the terms and
conditions of this AgreL, mem, the Development Plan. the Note nd Mortgage to be executed.by the
Municipality m~d held by the County (the "No~e" and "Mofl~age"} and the Propam. A copy of tho
Mortg~e is ann~Aed hereto as F. xh~t C. Such conveyance is e~xusly conditioned and subject to
thc acquhi~on of all rul t,,,,~ert~ witl2n the Development Area by County. In the event Coum¥
is unable to acquire such real prupe, fly with ~easc~able diligence, neither imflY slutll have any
Closins.
County shall give Municipality and Developer at lea~t ten (10) bush, ss days prior notice of
the date, time and place for the closin~ (the ~'*losing") which slull be deemed to be and
include the simltan~us closin~ of all three con.acts as refened to in paragraph 102 (D)
below. The Cl~ng shall be during normal business hours.
Thc dee~. for the Deve'.,,~,,~nt A~a (the "Deed") to be dellw, n~t by. the County to
Municipalily her~,,,A*, shall be a quitchbn deed. To the extnt that d~ terms, conditions,
pmvision~ covenams md/or allrcements contained ~n this Agreement conflic~ or sr,
inconsim~ with the tram, conditions, l~'ovislons, coy,nam, a~*n~nts and/or resections
of said Deed, the Deed ~ Soy. re.
The Note and Mortpge shall be delivered by Municipnlity to d~e County in accordance with
the 2rms and condidom as set forth in the Development Pbn.
· rbe ~osin~ fa the conve,/~uce of' tl~ Devel~mnt A from ~veloper to Count/dali
occur simullaneously with th~ closinf for Ihe conve~nce of the Development Area from the
Coumy to Municipality and the Closing for the conveya~e of the Development Area fi'nm
the Municipllie/to th,. Developer.
103. Cemin Conditions of Conveyance.
General Conditi~s. ~ Develolx~ent Area shll be conveyed subject to all of the f'ollowin8
condiliord:
Any a'mi~ of facts an accurm su~ey ma}, show provided thc sarn~ does not render
the tltk unmarkelable.
All d~e ~c~ms covenants and conditions ofthls Agreement.
The IX'OVisiom of Aflick XXXVI of the Suffolk Cowry A~bn~strntive Code as
Covenants, ess,merits smd I~stfictiom, encroackmen~, u~ity easements and rights
of way of recold.
A~y mf all ,u,-4,'ipa] liens o~ cncumbmnccs of record existing on the date of
¢lnstn~ or thereil~r listed or recorded resuhln8 fTom an inspection nude of' die
Development Area pt'lot to the date ofccnveyunce to Municipalit%
The provisions of nil hws, co(~ sum~es, o~!,,~,,ees, ac~ rides and regulations of
Ioc11, stm or federal ~ovm3ment, smd ny nnenc,/o~ mbdlvlsion 'J-reo£
The Developmmt Plm mud ny buildin~ ~slrictiom and zoning re~uhtioPJ in effect
· t the ~me or Clmin~ and nny fac,- disclosed in ~ Suffolk County .m maps.
2
C.
Sinmlmneous ClosinS of all three contracts of conveyance for the IDm'elopm~t
Area. In the event tlmt one party is umble to close on the aareed uimn cl~in8 date,
she clo~ins rosy be adjoun2d fro' up to five (~) business da~s upon coMent of thc
other paflles, provMing that the party requestinS the adjoumn~nt agrees to Imy any
costs associated w~h the adjournment.
Additional Conditions. The Developmen! Area shall also be conveyed to the Municipality in
accordance with die followins:
No Obliptfot Except al spcc~cal]y set foflh hk. rein. County shall have no
oblipfion to bring any a~on or to incur nny expense to make thc t~tle to the
Oevelopn~nt Are~ comply with the lzovisiofls of this ApeemenL
Recording. Municil~ity shall cause this A~-ement, the Deed, die Development
Plan and Mcn',p$~ described in the Developmcnt Plan to be m:onid immediately
foilowin~ the Closin8 and shall pay Ifil required recordin8 fm and ~ if any.
Condition of Developmmt Azea. Municipality dull acc,-pt the Development Area in
"as is' condition. County does not warrant er rep~sent lh~ mimbilJ~y of the
Developn~nt Arc~ for lb Project and has made no other represenlltJou ~prdinS
the condition of tl~ l~eve~,~,,mt A~ .Muticipality repments that it has ins3~tcd
the Development Area and is fully frail/ar
14o Prior DefAults. Failure by ~he Mtmkipality to pay municipal taxes nd ~
char~es under an). debt, lease, connct or obligation to the County, o~ ny of the
CogllyJ a~ellcies or __f'~e~_qmelll~ ma)* dJsq~tliP/~ Mtmlc~ty ~rolri obnln~nR
~le to thc Deveiopn2nt AreL
(:3cln Up Cos~ An~ charscs, costs, ~tS o~ ~ imposed by Municip~li~
be incurred fo~ tl~ cludn~ up of thy debris on die D~v~lopm~ Am shlJ be p~id
by Municipalhy immediately u~on receipt by Municipality, from County or
otherwise, of any bill, assessment or levy Ihe~efor. Courtly shall have neither
responsibility nor any obllptioa for the ptyment or reimbursement of any such
FitancinL As. a condition pre~4~,t to the conveyance of ~e D~lo~m~ Area ~om the
County to Municipality, and simultaneously with the Closin& Developer shall have delivered
to dss Dtpsmnt~ documents ntisfacto~y to the !~ indicafin8 that there arc
sufficient public and/or private funds committed to complete the Project. In ~i~ event f~lend
~ rote ~nnl funds are obtained to fimnce th~ Project, t,~e fedml and rote requimnmts shah
bc ~t. lqotwithstandin~ thc foteBoir~, if ~e County*s require~nts are mote st:~nsenk the
Coumy's n~qui:c'nmm shah p~vail.
ARTICLE Ii
MUNICIPALrrY~ AND DEVELOPER'S lP~PON$1BILITIF~
Covenanu. Municipality and Developer haeby covenant and apee for dan~selves nd evay
successor in interest to the l~lopn~nt Are~ or any part thai-of, as follows:
As
Consmmion of th~ Project. Construction of the Project shall cemm~nc~ eo bur than two (2)
months from the date oftl~ ~ md shall proceed dili~ntly to completion within twenty-
four (24) months from the date of the Closing.
Plans and Spcoiflcatioco. Municipality and Developer npee to undemke end can~ out tbe
consu'uction oF the Project in acc~hnce with ~ha Development Plan and the applicable
building and fire codes and zcuing rasU~ctiuns which arc in effc~ Municipality and
Developer may rna~ amendments, mndif'ma~ns or coaecllom to tbe Development Plan,
provided that the same comply with dm requirements of. the applicable beiidins codes and
zoning sesuictiuns which ere in effect, and p~ovided, further .that any mndifcatiom,
u~ndments or corrections to the l:)evelopmcut Plan which affect (0 the site plan or (ii) the
total numb~ and dis~filmtinn as to ~ of dw~llin8 units shall require thc prior w~uen
approvul of ~.~ Depafln~nt. In addition to thc fore,nine, any material changes to the
Devclopn~nt Plan shall also require p~ MMen ap~ oftbe Suffolk County Le~s¼ture.
"Material Cbn~e" shall be is determined by the Director of A~ordable Housing of the
Deptmncot of' Economic Development and Workforce Housing (the =Director"). Any
requests to mod~/the sim plan or total number and dtstrthutinn as to type of dwellic~ units
shall be madn in accordance with thc notice req~'en~nts of.Section 515 oftbe Development
.&.grorma~
As of the date ha~of~ ~ha applicable zoflin~ r~uistinas are consistent with the land usc and
development c,~,~,~,~ated in tha Development Plan. If the Developmem Phn is modif'lnd or
emended, all chn~es must be app~ved by ~ ~amuenc The Dopmment shell mete
~easonable affofls to sssist Municipality and;cc Developer in any proceeding, other than
judicial procendinp initiated by Municipality and/or Devclopar to obtain other neceasL,~'
Coup/apprevniL
Impsirment of County Lien; Repaint. hr of Land Dcvclopmcut Subsidy. Mm3icipality and
Developer covenant and assee end will requite any suorer, re~s, migm and um,.sfaees to
covmmt and apce, that it shall not undertekc any tctinn or octivJty which shll impair or
have the effect of'impairins the lien of the County in ~he amount of' the acquisition co, ts of'
by the Program except as antberked ander this A~rennm.
Tha Land Development Subsidy ("LDS') for owner-ocoupied units, imposed upon tha Projcut
in __~,~__.dance ~th the Propmn shall be repaid when the hunsin~ unit is sold, u'ansfe~ed or
nthaflvise conveyed, or when occupancy req~-.'-~,~.nts are not mat, unless otherwise specified
in thc Developn~nt Plan and in ac~.~oc with the Propmn.
Municipa]ity shall offer inccotivec, such as dcusi~ bombes, fast-~reck approvals, f'ce
waivm, nd/or financial assimnce, such as community development Mock pant
funds, indusuial deve~ bonds and/or mx craters, to the pmposnd afF..ordabie
hausins dav-'lopment ix'ior to the acquisition oldie Development Area.
Iftha Developor is a f(x-ln'Oflt development entry tha~ any amount of.prof'~ realized
by the Developer mint conform to New York Sma Affordable Housing Crei~rstiun
(er its soccasson') snidclineL
Prior to acquisition oftbe Development Area by the County, Municipality shall, by
tuolu~un or other iellislallve act, approve ~ I~vniopmcut Apeemant. The
· uumbm of units of affordable housin~ du tsr~etM occupan~ the m~thnd of
seiectin8 the occupam and the sales ~c~ to be paid by the occupants are set forth
ic t~. Development Phn.
4
E. County Appro~l of Municipality's ApeementL
I. Muni~ty shall submit to th~ County for M~iten approval, all f.mal dnc~ncnts
· mi/or ait~'mem necessary to effectuate the conveyance of the Deveiop~m Area
from Municipality to the Develeper at least ~ (20) business days ~ to
2. All aSreements between Developer and Municipality shall incorporate by reference
the Develolm~nt Apeement herein, and inchda a provision flint Develops, in
addition to Municipality, expressly nnunes all obligmions, terms and conditions set
f~flh in this Asreeng'm and the Development Plan.
202. Project $i$m. Developer or Municipulity shall~ ~t its own cost and c~cnse, promptly erect and
nulnmin a Project sign identi~in$ Ibc inter,st of tho parties in le~.ing of such size and form ts shall
be ,i,~.~,ved by the Dopmment. Tbe provisions of this Parapuph 202 shll survive the Clusing until
Completion of Conslm:tion ts desctR~d inncdiotely below in Paragnph 203.
203. Completion of Conslm:tioJL Con.ql~ction of the Project shall be d~.med complete wbe~ (O a
tempori~ or pemune~ Cer~flcate of Occupancy has been issued by the Municipality for all or'ih
rusidan~l uniu conslmcted on tl~ Develwment Area, snd {ii) die Municipality ceflffies in writing to
the Department thai ih Pruj~t meets all applicable buildin8 and rite codes and zonins restrictions ami
iht all ih Project conslruction oblir, ation~ of Municipality have been met ("Comple~ion of
Construction"). Municipaii~ may ceflify as to complelion ofpustions of Ibe Project an ~ ts (0 and
(ii) shove hw been n~t for such poflion.
204. Drawinp. Upo,s completion of the Project, Developer and/or Municil~lity shaH, submit to th~
Departmont d~ee (3) sets of"ts hollt" sun;eys oftbe Project showing all ih construction ,'ertifi~d ns
complete by Munlcipal~. The "as built" surveys shall indicate, on ha face, thc locations of aH
~ rights-of-ss-ay, utility and other etsemn~s and work as n_ffmdly hoil~ ~d immil~. Such
iocatious shall be shown by offset distances f~0m permanent surfm:e improvements such as l~ildinp,
Ropmu. Municipality shall submit · nn~ative report in writing to tbe Director within six (6) months
af~ the Cl~ing, and eve~ three O) months thn. esfler, up to the ~ of Completion of Constmctio,'
punuant m Panpa~ 203 above, as to the pro, us of ih consmL.-'tinn on the D~eln~ment ~
Each rtlMrt shall also inclnd~, ~ ,MI be limited to, (0 a pi'open ~.port f~m the supe~ising architect
or ensheer;. (is') the dam of completion and occupan~ of any honsin~ unit; (iii) ih name of' the
purchm~r, the libel, pas~ and date in which the instrument ofcunveyance wts recorded in the Off'ice of
the Suffolk Coun~ Clnk; (iv) ih total household income, fi'om all solu~.s, of ih pun:hase~s), and
his/hcr/ihir family; and (v) the total pu~bse prico oflha housing u,it In addition, Municipality shall
provide a rc~fl to the Directo~ on later than Decemhor 31s of each year of this Agreen~m ,~utiinin[
ih exact and pr~cho use to which any such parceh h~ve been put nd the ncr procecds $coereted by
the initial purchts of anch uffordable houalnn unite. Said yeer-end ropo~ shll also smtc wbed2r ~
not the l~rcels bye been utilized fo~ afl'oahble ho~in$ pmposus and whether or not the rutrictive
covenanU contained in any deeds of conveyance ensues such utilintion have been edhored to.
206. Limimlion on Uso of Developmen~ Aran. Municipality. and Developer, prior m Completion of
Comt~elion of the Project, shall not rent, liceuse or pernnt remporlr~ use of the Deveiopmenl ~
for purposes unrelettsl Io ih construction of ih Pmj~t; p~ovid~d, however, Iht Municipality and
Developer may ecta into con~ncts of ule ts the case nuy be, for d2 home ownership units in the
Projeck ts m foflh in ~te Developmco. t Phn, prior to completion of ih ProjecL The Project me)'
temporarily cuntein a r~tal or sales office and an approprinte numhor of model units ts may be
applicable.
20'/. Access. Prior to the ClusinL the Developc~ shll permit represemative& employees and ngcots of the
~l~a~m~.nt and Manieipality to have access, at all reasonable ~ Io any pail or' th~ Development
: Number of pases ~'
'This document will be public
record. Please remove ail
Social Security Numbers
prior to recording.
Deed I Mortgage Imtmmeht
31.
Page / Filing Fee
Handling 5. 00
TP-584 ,,,
Deed / Mort~e Tax Stamp
.Notation
E~-52 17 (County)
F~-5217 ($tnte)
R.P.T.S.A.
Comm. of Ed,
Affidavit
Certified Copy
NYS Surel~c
Other
4 ] DisL
Tax Set
Agen!
Vefifica
6
Sub Total
t
5. 00
15. 00
Sub Tot,mi
· - ! ~' ":.,"1~
RECORD & Rif,'01iN TO:
P ~/~or .It. Tq
2007 N~r .05 04:22.'3~pH ' '
Judith fl. pa.mcale
SUFFOLK
L 000012494
p 98t .'
Recordin~ I Filing Stnml~
Mortgage Amt.
I. Basic Tax
2. Ad~li.'.tional T~
;ub Total - -e'
SpeeYAs$it · ,
or
Spec./Add.
Dual Town Dual Cuunty
Held for Appoiutmeut
Tr~fer T/x
Mnnsion Tax
The pmperty co~ered by this mo~tgage'is
of will be improved by a one or. two
family dwelling only.
.YES or. NO
If NO, see ~pro~rinte t~x ~'l~use on
page #
Pre~f,~v~tion
Consideration"~n&tmt $ ~ Ir~, ~
CPF T~x Due $ ' ~-.~. ~"1~ ff
(SPECn~Y T',T. E OF
The premises herein i~ situated in "
SUFFOLK COUNTY, NEW YORI~
TO . In the TOWN of
· In th~ VILLAGE · .' ". ..-,'"
· "'- · ' .'.
BOXES 6 THRU 8 MUST BE TYPED OR'PRINTED'IN BLACK INK ONLY PRIOR.TO.RF~)RDIlg,1(3'OR FILING. ,. ':'.'
31o Center u,ive, ~ve,'nead,
· ~=o,',~c,~ .~j~ ~ , . .~.. _ ... ~,
. ~offolk Cram Reem'~n & F'.ndorsemem Pa e"
SUFFOLK COUNTY CLERK
RECORDS OFFICE
RECORDING PAGE
Type o£ Instrument: DEEDS/DDD
Number of Pageet 62
Receipt l~--her : 07-0022252
TRANSFER TAX NUMBER: 06-25449
District:
1000
Deed Amount~
Recorded:
At:
LIBER:
PAGE:
Section: Block:
122.00 02.00
~-~MI~ AND CRAIt(~ED AS FOLLOWS
$895,000.00
Received the Following Fees For Above Instrtm~nt
Page/Filing $0.00 YEB Hondling
COS $0.00 YES NYS BRCHG
EA-CTY $0.00 YES EA-BTATB
TP-584 $0.00 YES Cert.Cop~es
RPT $0.00 YES SCTM
Transfer tax $0.00 YES Co~m. Pres
Fees Paid
TRANSFER TAX NUMBE~t~
06-25449
THIS PAGE IS A PART OF THE INSTRUMENT
THIS IS NOT A BILL
Judith A. Pasc&le
County clerk, Suffolk County
03/05/2007
04~22:37 PM
D00012494
981
Lot:
023.002
Exeml~t
$0.00 YES
$0.00 YES
$0.00 YES
$0.00 YES
$0.00 YES
$0.00 Y~S
$0.00