HomeMy WebLinkAboutLand Tranfer Application 042023CITY
LITTLE ROCK
Department of Housing and Neighborhood Programs
500 West Markham, Room 120W
Little Rock, AR 72201
Telephone (501) 371-4848
LITTLE ROCK LAND BANK
LAND TRANSFER APPLICATION
To request property from the City of Little Rock Land Bank,
complete this application and attach all requested documentation.
CONTACT INFORMATION
Name of Applicant: I V-1 Ci -�
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Mailing Address:
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Daytime Phone #: V L^ ���� Alternate Phone #:Q �'t��O �� lY
Email Address:
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Are you a Business or Non -Profit? v -c- 5 5
Name of Business or Non -Profit
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Are you a Residential Property Developer or Licensed Contractor?
HOUSEHOLD SIZE AND ANNUAL INCOME
ONLY applicants applying for property in which Federal Funds were used, should complete the
household size and annual income questions.
FOR CONTRACTORS and DEVELOPERS: Properties in which Federal Funds were used are
subject to development restrictions and recipient/homeowner income requirements.
Household Size:
Household Annual Income:
Applicants will be required to submit documentation of total household income
n') 1.4� EMPLOYMENT INFORMATION
ONLY applicants applying for property under the Land Bank Program for City of Little Rock: CAMS
and Little Rock School District Em toe , should complete the employment questions.
Employer:
Duration
of
PROPERTY INFORMATION
Employment:
Please review the Land Bank's Available Property Inventory at www.litderock.gov
1. What is the Property Address and Parcel No. from the Land Bank Inventory are
you interested in acquiring?
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MY BUSINESS PLAN
1. Executive Summary
Business Overview
Springer & Springer will build 2 and 3 bedroom duplexes rental properties for Wheelchair
accessibility throughout the entire units. We want disable individual to know as a property
management company, we are going to be both proactive and reactive when dealing with
issues as it relates to their needs.
Our company will ensure that every property that is kept within our care is properly managed,
because we are in business to deliver excellent services to our tenant and a peace of mind.
Success Factors
Springer & Springer, LLC is uniquely qualified to succeed due to the following reasons:
Our rental property will be superior to our competitors because: Our Duplexes have
wheelchair accessibility doors throughout with ramps for entry and backyard,
wheelchair accessibility kitchen counters, stove and sink, wheelchair accessibility master
bath with showers. Also the uniqueness, some units will have accessibility of harness
rails on ceilings for convenient movement around the home for a child or an adult
mobility.
NOTE: If more than three (3) properties are being requested, please attach a separate sheet listing the
Property Address and Parcel No. for each additional property.
2. Purchase Price or Offer: ,Sa
REDEVELOPMENT PLAN
3. Provide a statement of the Proposed Lase of the
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5. Land Transfers
A. Land Transfer Policies
These policies pertain to transfers whose future use is residential or commercial. At time
of transfer the property may be vacant, improved or ready to occupy.
The transferee must not own any real property that has any unremediated
citation of violation of the State and local codes and ordinances.
2 The transferee must not own any real property that is tax delinquent
3 The transferee may not have lost title to property due to nonpayment of
taxes within the past 3 years, as an individual or as an entity, without prior
approval of the LBC Board at its sole discretion.
4 Transactions shall be structured in a manner that permits the City of Little
Rock to enforce recorded covenants or conditions upon title pertaining to
development and use of the property for a specified period of time.
5 The proposed use must be consistent with current zoning requirements,
The LBC may grant an applicant permission to seek rezoning from the
Little Rock Planning Commission.
6 Where rehabilitation or development of a property by the transferee is a
condition of the transfer, the requirement for such development or
rehabilitation shall be in accordance with the transfer agreement and
adequate completion of such development or rehabilitation shall be a
condition to the release of restrictions or lien securing such performance.
7 The Land Bank Commission may grant an option to purchase property to a
potential transferee. Options to purchase more than 3 properties by a
single purchaser within one calendar year must be approved by the Land
Bank Commission.
8 The proposed use of the property must comply with any neighborhood
redevelopment plan adopted by the City of Little Rock that applies to the
property.
9 To the extent possible, the proposed purchaser shall provide evidence that
they have consulted with any neighborhood organization in the area and
solicited comment on the planned use of the property.
10 All applicants must be residents of the City of Little Rock or have a
principle place of business in the City of Little Rock. If applicant does not
meet this requirement, applicant may take application to the Land Bank
Commission to seek an exception.
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Property and a detailed descrip tion of the Prop used D evelop ment andlor Ian roveinents to
be made to the property.
NOTE: Applicants may need to consult with a licensed contractor for construction details and
development costs.
[Attach separate sheets as necessary]
4. Timeframe for Development: !a m na-k T-2 ? wT n < �a
The Development Plan must be completed within three (3) years. If the property is being maintained,
an extension can be requested. A deed restriction will be included with properties that are sold or
donated and the development is not completed within the allowed time frame. Please review the deed
restriction prior to completing this application.
5. Total Projected Cost of the Develo meat:
REDEVELOPMENT FINANCING
6. Provide a loan apprqv al ester construction inancin statement fins ial statement or
other financial documentation evidencing the ability to finance the proUpsed develo men .
NOTE: Applicants may need to consult with a bank, mortgage company, or credit union to obtain
financing options and loan approval.
[Attach Financial Documentation]
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PRESENTATION TO COMMISSIONERS
7. Attend Commissioners meeting to present a brief plan of de elo meat and answer
r uestions etc.
CERTIFICATION
To the best of my knowledge, I certify that the information provided in this application is true
and accurate.
I authorize the verification of the information listed above.
I understand that false information may be grounds for denying this application.
I understand that applicants developing property as a primary residence or for a similar
residential purpose must complete a Homebuyer Counseling Course.
I understand that the Land Bank staff will review this application and confirm that it is in
compliance with the Land Bank's Priorities and Policies and all applicable federal, state, and
local laws.
By signing this certification you are attesting to the truth of the information you have included in
this application.
Signature of Applicant ate
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Please Return This Form Tu:
City of Little Rock Land Bank
500 West Markham, Ste. 120 West
Little Rock, AR 72201
The City of Little Rock is regulated by the Fair Housing Act in making decisions regarding the
approval or denial of any application. The Fair Housing Act protects the following persons:
The Fair Housing Act, 42 U.S.C. 3601 et seq., prohibits discrimination by direct providers of
housing, such as landlords and real estate companies as well as other entities, such as
municipalities, banks or other lending institutions and homeowners insurance companies whose
discriminatory practices make housing unavailable to persons because of:
• race or color
• Nligl0n
• national origin
• farnilial status, or
• disabilijy
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