HomeMy WebLinkAboutL 10830 P 34 4
300-16
A•
SUFFOLK COUNTY
QUITCLAIM DEED
THIS INDENTURE, made the day 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 237-1988 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 consideration paidbythe party of the
1000 second part-., , does hereby:remise; release and quitclaim unto the
--------
paof
rty .• :-the. second. part; the, heirs or successors and assigns of
SECTION pheparty of the second part forever,
142.00
--------- ALL, that certain plot, piece or parcel of land with any
BLOCK ,,.,.,buildings and improvements thereon erected, situate, lying and
01 ,00 being in:-the Town ,of Sauthold, ,.County; of Suffolk--and State of
-------- Uz,- Vew ,York, and acquired by.:Tax Deed on February; 16 , 1982 , from
LOT Jean H. Tuthill; the County Treasurer of'' Suffolk, County, New
012.000 ;= York, 'and ,recorded on February16, 1982, in Liber 9143, Page
-------- 44/45; :;ap.d otherwise}eknown as and by Town of Southold' Sch, Dist
'9.,.V-V Todrck E-Agway . Inc, $rOak ,Pl W-Joel Nine,
FURTHER, •notwithstanding the above description, it, is, the
intention of this .conveyance, to give title only ,to :such property
*y Pwacs'� as..was acquired by the County of Suffolk,:by :Tax Deed on:..
February 16,,-,L1982 from Jean H.j Tuthill, the County Treasurer of
Suffolk County, New York, and recorded on February 16, 1982 in
Liber 9143. at Page -44/45.
PROVIDED, however, that the• party of the second part , will
berestricted 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:,evett 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
DevelopmentkProgram of.-the Private .Housing Finance Law of the
State of New York, or a not-for-profit corporation formed under
§40Z,-of the, Not-for-Profit Corporation Law for affordable housing
purposes.'
-x r
Additionally, if any one or more of the following occurs, the
property-, secured by this deed-,shall revert as , herinbefore set
forth:
f raIff=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;,,,
30016
t
VED
•,_, - RFA ESTATE �-�
JOLIETFE A KIW €U
ry
RECORDED APR 1989 RERK of �FDLK r
s �
,� � ••SUFFOLK
C INTY