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2007-317
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2007-317
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Last modified
6/24/2016 1:05:32 PM
Creation date
9/30/2015 11:19:06 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/18/2007
Control Number
2007-317
Agenda Item Number
7.BB.
Entity Name
Purchase Agreement - Eleanor K. Scopinich, Trustee
Subject
Right-of-Way Acquisition, 1955 98th. Avenue
Supplemental fields
SmeadsoftID
6608
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AGREEMENT TO PURCHASE AND SE11 <br /> lot <br /> LL <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the 16th day of August , 2007, by and between Indian River County , <br /> a political subdivision of the State of Florida ("County") , and <br /> Eleanor K. Scopinich, as Trustee of the Eleanor K. Scopinich Trust Agreement dated April <br /> 21, 1992 ("Sellers") , 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 1955 98th Avenue, Vero Beach, FL <br /> 32966 (see attached Exhibit "A " County of Indian River, State of Florida and more specifically <br /> described on Exhibit "A" attached hereto and incorporated by this reference containing <br /> approximately 19761. 0 square feet , and all improvements thereon , togetherwith all easements , <br /> rights and uses now or hereafter belonging thereto (collectively , the " Property") . <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price ") for the parcel <br /> shall be Sixty-Seven- Thousand-NineHundred-Fifty 00/00 Dollars ($67, 950. 00). The <br /> Purchase Price shall be paid on the Closing Date . The Effective Date of this Agreement shall be <br /> the date upon which the County shall have approved the execution of this Agreement, either by <br /> approval by the Indian River County Board of County Commissioners at a formal meeting of <br /> 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 /> F %Fn.amecringUtoben Webb\Scupfnfch Purchase Contract. doc - I - <br />
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