|
Donor
responsible for expenses incurred |
|
Exact
legal name of donor and federal identification number |
|
Description
of property (copy of deed) |
|
Description
of any buildings or other structures located on the land |
|
Boundary
survey of property with location of all structures, easements,
and encumbrances appearing on the face of the survey |
|
Information
regarding existing zoning status |
|
Information
on ingress/egress for the property |
|
Description
of prior use of the property |
|
Description
of use of surrounding property, with specific disclosure of
any storage tanks, or potential environmental factors effecting
the property |
|
Disclosure
of any contemplated or anticipated condemnations, right-of-ways
or other actions by municipalities that may effect the subject
property |
|
Phase
One environmental report on the property, including environmental
report on any structures located on the real estate, or any
underground contamination or environmental liabilities or issues
exist |
|
Real
property liability, Fire, Windstorm, Hurricane, and Extended
coverage insurance policy insuring the CFSA I Property, LLC
or CFSA Property II LLC as the owner |
|
Evidence
of title, such as title examination and report, title insurance
commitment for full appraised value of property, or schedule
describing any liens, encumbrances, or title matters effecting
the property |
|
Copy
of appraisal showing the fair market value of the property current
within sixty days |
|
Disclosure
of amount of existing real estate taxes, insurance premiums,
and assessments attributable to the property |
|
Discussion
with proposed donor or donor’s attorney regarding any
special arrangements for donor’s fund or other sources
to address ongoing expenses for taxes, insurance, assessments,
maintenance, grass cutting, security, utilities, and similar
items. |
|
An
indemnity or hold harmless agreement if deemed appropriate by
Executive Committee |
|
Letter
from the donor agreeing that the donor will contribute additional
amounts if necessary to equal any additional expenses incurred
by the Community Foundation in the ownership of the real estate. |
|
A
gift of real estate requires a review by the Real Estate Committee
and by the Board of Directors before final acceptance is granted. |
