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RESOLUTION
TO TRANSFER TITLE OF PROPERTY KNOWN AS
226 AND 228 CUMMING STREET, WEST SA VANNAH, TO THE
CHA THAM COUNTY/ CITY OF SAVANNAH LAND BANK AUTHORITY
FOR THE DEVELOPMENT OF ONE NEW SINGLE FAMILY HOUSE
WHEREAS, the Mayor and Aldermen of the City of Savannah (the "City") have undertaken an
initiative to bring about replacement of blighted, abandoned, property on Cumming Street in the
West" Savannah neighborhood with new affordable housing targeted for qualified modest income
homebuyers; and
WHEREAS, the City acquired and demolished two abandoned blighted properties located at
226 (PIN 2-0019-17-032) and 228 (PIN 2-0019-17-031) Cumming Street (the "Property"); and
WHEREAS, the Chatham County/ City of Savannah Land Bank Authority (the "LBA") has
requested that the City of Savannah transfer title of this Property to the LBA so it may work with
CHSA Development, Inc. (the "CHSA"), an established local non-profit housing developer, to
bring about the construction and sale of one new single family house to a modest income
homebuyer through the City of Savannah's, Housing & Neighborhood Services Department,
DreamMaker home purchase program; and
WHEREAS, the LBA and CHSA expect that construction of the new house on the Property will
begin in September 2019 providing the transfer of the Property is completed by mid-August
2019;and
WHEREAS, if the two 30' wide lots that compose the Property have not been recombined into
one 60' wide lot at the time of transfer from the City to the LBA, the LBA will ensure that this
recombination and recording of the associated plat and deed is completed so one new house can
be built on the resulting 60' wide lot; and
WHEREAS, the LBA will sell the Property to CHSA for no less than fair market value and will
return 90% of these net sale proceeds to the City; and
WHEREAS, the City and LBA Attorneys will work together to prepare the documents
necessary to transfer title of the Property from the City to the LBA.
NOW, THEREFORE, BE IT RESOLVED, that the Mayor and Aldermen of the City of
Savannah approve the terms of the transfer of the Property described herein to the Chatham
County / City of Savannah Land Bank Authority for the purpose of supporting the construction
and sale of a new single family house by CHSA Development, Inc. to a qualified modest income
home buyer.
Adopted this 18th day of July 2019.

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CHATHAM COUNTY• CITY OF SAVANNAH
LAND BANK AUTHORITY, INC.
P.O. Box 1027
Savannah, GA 31402
Phone: (912) 652-3846 Fax: (912) 651-2364 fax
June 20, 2019
Martin Fretty, Director
Housing & Neighborhood Services Department
City of Savannah
PO Box 1027
Savannah,GA 31402
RE: 226 (PIN 2-0019-17-032) & 228 Cumming Street (PIN 2-0019-17-031)
Dear Martin:
CHSA Development, Inc. (CHSA), an experienced local non-profit housing developer established
with City support in 1991, has petitioned the Chatham County / City of Savannah Land Bank
Authority (LBA) to request that the Mayor and Aldermen of the City of Savannah transfer title to
the vacant Cumming Street lots listed above to the LBA. The LBA, in turn, will sell the lots to CHSA.
The two 30' wide lots will be combined into one 60' wide lot for the purpose and enable CHSA to
build and sell one new single family house to a qualified first time homebuyer through the City's
Dream Maker home purchase program. If City Council approves this request and the properties are
transferred to the LBA in late July or early August, the LBA and CHSA expect that construction of
the new house will begin in September of this year. This action should help the City initiate and
expedite the redevelopment of Cumming Street blighted properties with new housing and
homeowners.
The LBA will sell the property to CHSA for no less than its appraised value. It will return 90% of the
net sale proceeds to the City of Savannah and retain 10% of the net sale proceeds to reinvest in
LBA activities that are beneficial to the City.
If this transfer is approved by City Council, the LBA's attorney will work with the City Attorney to
draft a transfer agreement and related documents.
Sincerely, ~
~ ~ o /
Administrator

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CHSA Development, Inc.
June 20, 2019
Ms. Alison Goldey
Administrator
Chatham County/ City of Savannah
Land Bank Authority
PO Box 1027
Savannah,GA 31402
RE: 226 {PIN 2-0019-17-032) & 228 Cumming Street {PIN 2-0019-17-031)
Dear Ms. Goldey:
CHSA Development, Inc. {CHSA) is very interested in acquiring the above referenced lots from
the Chatham County/ City of Savannah Land Bank Authority (LBA) if the LBA is able to obtain
the lots from the City of Savannah. We are prepared, if necessary, to recombine the lots into a
single 60' wide lot and build and new single family home that will be sold to a qualified first
time home buyer through the City's Dream Maker program. We anticipate construction will
begin in September if we are able to acquire the lots in late July or early August. Please let me
know if you need additional information. Thank you.
Sincerely,
Darrel Daise
Director
5513 Abercom Street, Savannah GA 31405
P.O. Box 1027, Savannah, GA 31402
Phone 912.651.2169 Fax 912.525-1731