HomeMy WebLinkAboutL 10830 P 30 0
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SUFFOLK COUNTY a00
QUITCLAIM DEED ge
I op
THIS INDENTURE, made thea_ day of , 1988
BETWEEN the COUNTY OF SUFFOLK, a municipa 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 236-1988 adopted by the Suffolk County
Legislature on March 29, 1988 and, thereafter, approved by the
-- -- County Executive on April 14, 1988, in consideration of ten
DISTRICT dollars and other valuable considerationpaidby the party of the
1000 second pant, .does hereby,remise, release and quitclaim unto the
- - party, of,-the second part, the •heirs or a iccessor3 and .ass i.gns-of
SECTION the party .of the second part forever,
108.00
--------- ALL, that certain plot , piece:.or parcel of, land with any
BLOCK „ :;buildinga .and improvements-thereon erected, situate, lying and
04.00 ;;,,being in..,the Town: of ,Southoild, County of Suffolk,,and State of
----------- New=York; and acquired by..Tax Deed .on;March 6 ; 1986,: from
LOT General L. ."Rains, ,the Deputy County,,Treasurer of;.,Suffolk
007 .002 Count��9.New York, and recorded .'on March 7, 1986, Iin 'Liber 9992,
as ifs
-------- erwise .known as and by .Town,,,of, Southold
Sch�Dist 9,,
.. 'NnZanieski Frms E-Elijahs La Ests S-Main Rd-Ors W-Kugler-Ano,
,;FTJRTHER;=}notwithstanding, the;.above .description, iit is the
intention ,of this conveyance , ,to give title only ,to such property
as was. acquired .,by-;the•; County; of, Suffolk ;:by,Tax :Deed ocaMarch ,6,
vim# 4P 1986from General L. Rains, the Deputy CountyTreasurer of Suffolk
County, .New York, - and ,recorded„on March 7, 1986 in Liber 9992 at
Page 569/ 60. ,.- -
..;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 thewparty, .of the, second part. The reverter clauses contained
herein,,shall apply, to the grantee, or any, transferee Jrom the
grantee. formed, purs,uant to. Article ,XIX - Affordable Home Ownership
Development Program of the Private Housing Finance Law of the
State .of New York, or, a not-forrprofit corporation formed under
§402 .of;ihe Not-for=Profit Corporation. Law for,- affordable housing
purposes.
Additionally, if anyone or ,more of the following occurs, the
property secured by ;this deed shall revert as herinbefore . set
forth•
l If the partylof the second part fails to constructor
complete construction of affordable housing ' unit or units on
; , _said,property within three, (3) years from the date of this
psi deed;,
A30 RECEDED . .
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RECORDED, APR 5 1989 ILFAK Of MFMK
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,. .. COUNTY