Item 7B - Ordinance 20-15-133AGENDA ITEM :
SUBMITTED BY:
DATE:
BACKGROUND:
CITY OF ATLANTIC BEACH
CITY COMMISSION MEETING
STAFF REPORT
ORDINANCE NO. 20-15-133
AN ORDINANCE AMENDING THE
OPERATING BUDGET FOR THE CITY OF
ATLANTIC BEACH, FLORIDA FOR FISCAL
YEAR BEGINNING OCTOBER 1, 2015 AND
ENDING SEPTEMBER 30, 2016 FOR THE
PURCHASE OF 280 CAMELIA STREET, AND
PROVIDING AN EFFECTIVE DATE.
Ru sse ll Caffey ~.)"
Director of Finance
October 14, 20 15
AGENDA ITEM# 78
NOVEMDER9,2015
At the September 14111 City Commission Meeting, Commissioners voted to authorize the City
Manager and City Attorney to proceed the the purchase of 280 Camelia Street. The total cost of
the project is $200,5 15 . The City is in t he process of applying for the Coastal Partnership
Ini tiat ive Grant from the Department of Enviro nm ental Protection to potentially help fund the
purchase. The amount applied fo r is $30,000., which wou ld fund 15 % of the purchase. Start· is
requesting a mid-year budget modification of$200,5 15 to fund the purc hase.
BUDGET: Mid-year budget mod ill cation of$200,515
RECOMMENDATION: Approve Ordinance 20-15 -133
ATTACHMENTS: 1. Ordinance20-15-133
2. U.S. Department of Hou si ng and Urban Deve lopmen t
Settlement Statement (DRAFT)
REVIEWED BY CITY MANAGER:
ORDINANCE NO. 20-15-133
AN ORDINANCE AMENDING THE OPERATING BUDGET
FOR THE CITY OF ATLANTIC BEACH, FLORIDA FOR
FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND
ENDING SEPTEMBER 30, 2016 FOR THE PURCHASE OF
280 CAMELIA STREET, AND PROVIDING AN
EFFECTIVE DATE.
AGENDA ITEM# 7B
NOVEMBER 9, 2015
WHEREAS, the City Charter of the City of Atlantic Beach requires that the City
Commission approve all budgetary increases and transfers at the fund level, and
WHEREAS, the nature of budgetary systems and those day-to-day decisions affecting
such budgetary systems require adjustments from time-to-time, and
WHEREAS, the City is amending the operating budget to add net funds totaling
$200,515 for the increase in the Parks and Recreation Division of the General Fund for capital
purchase of the property located at 280 Camelia Street.
WHEREAS, the City of Atlantic Beach did not include the funding of this purchase in
the adoption of the original Fiscal Year 2016 Annual Operating Budget and therefore must
amend the budget to have sufficient amounts within the Parks and Recreation General Fund in
order to fund the purchase.
NOW, THEREFORE, BE IT ENACTED BY THE CITY COMMISSION ON
BEHALF OF THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA, that;
1. The Fiscal Year 201512016 Budget to be amended as follows:
Expenses:
Parks and Recreation
Parks and Recreation I Land
Total Expenses:
Fund Balance
~GENERAL FUND~
2. This ordinance shall take effect immediately upon its adoption.
Passed by the City Commission on first reading this 26th day of October 2015.
$200,515
$200.515
<$200.515>
Passed by the City Commission on second and final reading this 9th day of November 2015.
Approved as to form and correctness:
RICHARD KOMANDO, ESQUIRE
City Attorney
CAROLYN WOODS
Mayor I Presiding Officer
ATTEST:
DONNA L. BARTLE, CMC
City Clerk
A. U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
B. TYPE OF LOAN
AGENDA ITEM# 7B
NOVEMBER 9, 2015
US Patriot Title, LLC l. D FHA 2. D FMHA 3. D CONV. ut':JNS.
120 Airport Road
Suite 2A
4. OvA 5. OcoNV.JNS.
Palm Coast, Florida 32164
(386)-693-4919 fax: (386) 693-4918
6.Fil~Number: 7. Loan Number:
DB I 5-5!
8. MongJge Ins. Case No.:
C. NOTE: This form is furnished to give you a statemem of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
(poe) were paid outside the closing. Thev are shown here (or informational purposes and are not included in the totals.
The City of Atlantic Beach, Florida
D. Bon·ower: 800 Seminole Road
Atlantic Beach Florida 32233
E. Seller: Sara E. Bennett, Widow and Surviving Spouse ofF. Reuben Bennett, Deceased
F. Lender: CASH
G. Property: 280 Camelia Street
Atlantic Beach, Duval County, Florida 32233
H. Settlement Agent: US Patriot Title, LLC
Place of Settlement: 120 Airport Road, Suite 2A, Palm Coast, Florida 32164 Flagler County
I Settlement Date· December 31 20 15
J. Summary of Borrower's Transaction K. Summary of Seller's Transaction
100. Gross Amount Due From Borrower: 400. Gross Amount Due To Seller:
101. Contract Sales Price 199 750.00 401. Contract Sales Price 199 750.00
102. Personal Prooertv 402. Personal Property
103. Settlement Charges to Borrower (line 1400) 764.50 403.
Adjustments for Items Paid by Seller in Advance: Adjustments for Items Paid by Seller in Advance:
106. Citv I Town Taxes 406. Citv I Town Taxes
107. County I Parish Taxes 407. County I Parish Taxes
108. Assessments 408. Assessments
109. Non Ad Valorem Assessments 409. Non Ad Valorem Assessments
120. Gross Amount Due from Borrower: 200,514.50 420. Gross Amount Due to Seller: 199 750.00
200. Amounts Paid by or in Behalf of Borrower: 500. Reductions in Amount Due to Seller:
201. Deoosit I Earnest Money 501. Excess Deposit (see instructions)
202. Princioal Amount of New Loan I 000.00 502. Settlement Charges to Seller (Line 1400) 6 625.88
203. Existing Loan( s) 503. Existing Loan( s)
204. 504. Payoff of First Mortgage 142 770.70
205. 505. Pavoff of Second Mortgage
206. 506. Purchase Money Mortgage I 000.00
207. 507. Federal Tax Lien Release to IRS 46764.17
Adjustments for Items Unpaid by Seller: Adjustments for Items Unpaid by Seller:
210. Citv I Town Taxes 510. Citv I Town Taxes
211. County I Parish Taxes Jan I, 2015 thru Dec 2,589.25 511. County I Parish Taxes Jan I, 2015 thm Dec 2,589.25 30 2015 30 2015
212. Assessments 512. Assessments
213. 513.
214. 514.
220. Total Paid by I for Borrower: 3,589.25 520. Total Reductions in Amount Due 199,750.00 Seller:
300. Cash at Settlement from I to Borrower: 600. Cash at Settlement to I from Seller:
301. Gross Amount due from Borrower (line 120) 200 514.50 601. Gross Amount due to Seller (line 420) 199 750.00
302. Less Amount Paid by/for Borrower (line 3,589.25 602. Less Reductions Amount due Seller (line 199,750.00 220) 520)
303. Cash From Borrower: $196,925.25 603. Cash From Seller: $0.00
HUD-1 May 2007
Settlement Date:December 31,2015
AGENDA ITEM #7B
NOVEMBER 9, 2015
L. Settlement Charges
700. Total Sales I Broker's Commission:
Based on Price $199,750.00 is $500.00
Division of Commission as follows
701. 500.00 toRe/Max Watermarke
702.
703. Commission Paid at Settlement
704. Additional Broker Compensation
705. Additional Broker Compensation
706. Referral Fee
800. Items Payable in Connection with Loan:
801. Loan Origination Fee
802. Loan Discount
803. Appraisal Fee
804. Credit Report
805. Lender's Inspection Fee
806. Mortgage Insurance Application Fee
807. Assumption Fee
900. Items Required by Lender to be Paid in Advance:
901. Daily interest charge from Dec 31 20 15
902. Mortgage Insurance Premium
903. Hazard Insurance Premium
904. Flood Insurance Premium
1000. Reserves Deposited with Lender:
1001. Hazard Insurance
1002. Mortgage Insurance
1003. City Property Taxes
1004. County Property Taxes
1005. Annual Assessments
1100. Title Charges:
1101. Settlement or Closing Fee to US Patriot Title LLC
1102. Abstract or Title Search to First American Title Insurance Company
1103. Title Examination
1104. Title Insurance Binder
1105. Document Preparation
1106. Notary Fees
1107. Attorney Fees to November Law
(includes above item numbers:
1108. Title Insurance to US Patriot Title, LLC
(includes above item numbers:
1109. Lender's 1,000.00 Coverage
1110. Owner's 199,750.00 Risk Rate Premium: $1,074.00 Coverage
1111. Statutory Surcharge to First American Title Insurance Company
1200. Government Recording and Transfer Char2es:
1201. Recording Fees: Deed 14.50 Mortgage 0.00 Releases 0.00
1202. City/County Tax/Stamps: Deed 0.00 Mortgage 0.00
1203. State Tax/Stamps: Deed I 398.60 Mortgage 0.00
1204. Intangible Tax to Clerk of the Circuit Court
1205.
1300. Additional Settlement Char2es:
1301. Survey
1302. Pest Inspection
1400. Total Settlement Charges (Enter on line 103, Section J and line 502, Section K)
File Number: DB15-51
Paid from Paid from
Borrower's Seller's
Funds at Funds at
Settlement Settlement
500.00
750.00 I 750.00
100.00
1,800.00
1,074.00
3.28
14.50
I 398.60
$764.50 $6,625.88
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction. I further certify that I have received a copy of HUD-l Settlement Statement.
The City of Atlantic Beach, Florida
Borrower:
Nelson Van Licrc, City Manager
Address
Seller: Sara E. Bennett, Widow and Surviving Spouse ofF. Reuben
Bennett, Deceased
Address
The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in
accordance with this statement.
Settlement Agent: Date: December 31, 20 15
JS Triplett
\YARNING: It is a crime to knowingly make false statements to the United States on this or any other similar fonn. Penalties upon conviction can include a fine and
imprisonment. For details see Title 18 U.S. Code Section lOOt and Section 1010.
HUD-1 May 2007