HomeMy WebLinkAboutL 10830 P 38 38
SUFFO1( 1OOUMTT 1 �P
QUITCLAIM DEED
�i 171IS IINDPIITNIkE, made the /dey of ,,.. L 1988
I
4 BETWEEN the C01MTT OF SUFFOLK, a municipal cmrporation
of the State of ,,New York, having its principal office at the
Suffolk County Center, Center Drive, Riverh , New York 11901,
party of the first part,
A19D TOWN OF SOUTHOLD. 53095 Mair Road, New York
6 11971 party of the second Fart,
! Resolution
that the party of the first part, pursuant to
! Resolution Number 234-1988 adopted by the Suffolk County
I Legislature on March 29, 1988 and, thereafter,consideration
approved to the
--�I County Executive on April 14, 1988, in consideration of ten
DISTRICT ldollars 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 i, the party of thsecond part forever,
054.00
•
-.. ALL, that ceAin plot, piece or parcel of land with any
BLOCK buildings ani improveoenta thereon erected, situate, lying and
02.00 '..I being in the 'Town of Southold, County of Suffolk and State of
'.,•--------+� New York, and acquired by Tax Deed on February 10, 1981, from
LOT Jean H. Tuthill, the County Treasurer of Suffolk Countv, New
005.000 ; York, and recorded on February 11 , 1981, in Liber 8959, page
----• 374 on 375, and otherwise known as and by Town of Southold Sch i
Dist 5 N-Hyatt F,-C S Witherspoon S-Sound View Ave W-K Mitchell, Man
FURTHER, notwithstanding the above description, it in the
1: intention of this conveyance to give title only to such property
s as was acquired by the County of Suffolk by Tax Deed on
February 10, 1981 from Jean H. Tuthill , the County Treasurer of
Suffolk County, New York, and recorded on February 11, 1981 in
" Liber 8959 at Page 774 on 375.
HEMBEEMBERPROVIDED, however, that the party of the second part, will
be restricted in its use of the subject premises and will use said
premix" 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 partv of the first part, in
the event that the party of the second part, at env 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 NEWS
herein shall apply to the grantee, or any transferee from the
grantee formed pursuant to Article Ells - 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
5402 of the Not-for-Profit Corporation Law for affordable housing
purposes. i
Additionally, if any one or more of the followingg occur+, the
property secured by this deed shall revert as herinbefore set
i forth:
,- 1. It the party of the second part fails to construct or
complete construction of affordable housing mit or units oni
lsaid property within three (3) years from the date of this
deed; 300Z••, '�
r
n
� II
AA
II prz re",'If
RPR 5 1989