Owners_Policy_412_West_Shore.pdf

This is an Owner's Policy document related to the City of Tampa's disposition of real property located at 412 S. West Shore Boulevard, Tampa, Florida (Folio: 113815.0000). The property consists of vacant land designated for single-family residential purposes, with easement reservations maintained for existing stormwater improvements. The property is being offered for sale on an "AS IS/WHERE IS WITH ALL FAULTS" basis, meaning the buyer accepts the property in its current condition without warranties or representations from the City. The RFP seeks qualified buyers who will commit to utilizing the property exclusively for single-family residential development.

The Owner's Policy document establishes title insurance coverage and protects the interests of the property owner throughout the disposition process. The policy confirms the legal ownership status of the property and identifies any liens, encumbrances, or restrictions affecting the title. By including this document in the RFP package, the City ensures potential buyers have clarity regarding the property's title status and any existing easements or reservations prior to submitting proposals. This transparency facilitates informed bidding and reduces post-sale disputes regarding property condition or title defects.