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t G IR AGREEMENT TO PURCHASE , SELL , AND LEASE REAL ESTATE BETWEEN MICHAEL A. AND SHARON D . LOUDERMILK Husband and Wife THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement') is made and entered into as of the 3rd day of June , 2008 , by and between Indian River County , a political subdivision of the State of Florida ("the County") , and Michael A. and Sharon D . Loudermilk, ("Sellers") , who agree as follows : WHEREAS, Michael A. and Sharon D . Loudermilk own property located at 6875/6885 66th Avenue Vero Beach , Florida, attached to this agreement as Exhibit "A" and incorporated by reference herein ; and WHEREAS, the County, is scheduled to expand 66th Avenue in the future and the road expansion will impact and affect the Loudermilks property; and WHEREAS, in order for the County to proceed with its road expansion plans , the County needs to purchase property to be used as right-of-way from landowners adjacent to 66th Avenue ; and WHEREAS, the County has contacted the Loudermilks and has offered to purchase an approximately 2 .47 acre parcel of property from the Loudermilks be used as right-of- way ; and WHEREAS, the County is prepared to take the Property by using its power of eminent domain ; and WHEREAS, the Loudermilks the County wish to avoid the risk, time and expense of litigation by entering into this agreement for sale and purchase of the Property; NOW, THEREFORE , in consideration of the mutual terms, conditions , promises , covenants and premises hereinafter, the COUNTY and SELLER agree as follows : 1 . Recitals . The above recitals are affirmed as being true and correct and are incorporated herein 2 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County , and the County hereby agrees to purchase from Seller, upon the terms and conditions set 1