5/16/2016 1:29:58 PM
9/30/2015 10:47:15 PM
Official Document Type
Agenda Item Number
Chester and Lynn Wilcox
6580/6860 85th. Street
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ORIGINAh ' <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement") is made <br /> and entered into as of the 1 stday of May , 20071 by and between Indian River <br /> County, a political subdivision of the State of Florida (" County") , and Chester and Lynn Wilcox <br /> (" Seller") , who agree as follows : <br /> 1 . Agreement to Purchase and Sell The Seller hereby agrees to sell to the County, and the <br /> County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this <br /> Agreement, that certain parcel of real property located at 6580/6860 85th Street Vero Beach <br /> FL 32967 , County of Indian River, State of Florida and more specifically described on Exhibit <br /> "A" attached hereto and incorporated by this reference containing approximately 50 . 960 <br /> square feet or 1 . 17 acres , and all improvements thereon , together with all easements , rights and <br /> uses now or hereafter belonging thereto (collectively , the " Property") . <br /> 2 . Purchase Price Effective Date The purchase price (the " Purchase Price") for the <br /> Property shall be one hundred seventeen thousand and 00/100 Dollars ($ 117 , 000 . 00 ) . <br /> The Purchase Price shall be paid on the Closing Date . The Effective Date of this Agreement <br /> shall be the date upon which the County shall have approved the execution of this Agreement , <br /> either by approval by the Indian River County Board of County Commissioners at a formal <br /> meeting of such Board or by the County Administrator pursuant to his delegated authority. <br /> 3 . Title . Seller shall convey marketable title to the Property by warranty deed free of claims , <br /> liens , easements and encumbrances of record or known to Seller, but subject to property taxes <br /> for the year of Closing and covenants , restrictions and public utility easements of record provided <br /> (a) there exists at Closing no violation of any of the foregoing , and ( b ) none of the foregoing <br /> prevents County's intended use and development of the Property (" Permitted Exceptions ') . <br /> 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance <br /> Commitment with respect to the Property . County shall within fifteen ( 15) days following the <br /> Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be <br /> deemed acceptable to County if (a) County fails to deliver notice of defects within the time <br /> specified , or ( b ) County delivers notice and Seller cures the defects within thirty (30) days from <br /> receipt of notice from County of title defects ("Curative Period ") . Seller shall use best efforts to <br /> cure the defects within the Curative Period and if the title defects are not cured within the <br /> Curative Period , County shall have thirty (30) days from the end of the Curative Period to elect , <br /> by written notice to Seller, to : ( i) to terminate this Agreement , whereupon shall be of no further <br /> force and effect, or ( ii) extend the Curative Period for up to an additional 90 days ; or (iii) accept <br /> title subject to existing defects and proceed to closing . <br /> 4 . Representations of the Seller. <br /> 4 . 1 Seller is indefeasibly seized of marketable , fee simple title to the Property , and is the sole <br /> owner of and has good right , title , and authority to convey and transfer the Property which is the <br /> subject matter of this Agreement , free and clear of all liens and encumbrances . <br /> 1 <br />
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