6/27/2016 11:50:15 AM
9/30/2015 11:21:57 PM
Official Document Type
Agenda Item Number
Paul and Joyce Redstone
Purchace Agreement Land Acquisition
806 43rd Ave.
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t <br /> } k <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 24th day of August, 2007 by and between Paul C . Redstone and Joyce M. <br /> Redstone, his wife, ("Sellers") and Indian River County, a political subdivision of the State of <br /> Florida ("County"), 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 806 43 `d Avenue, Vero Beach, County of <br /> Indian River, State of Florida and more specifically described in Exhibit "A, " containing <br /> approximately 5 ,213 square feet or 0 . 12 acres, more or less. All conditions previously agreed upon <br /> at the time of purchase of right-of-way on May 18 , 1999 (See attached Indian River County Board of <br /> County Commissioners approved Contract for Sale and Purchase) and all other improvements <br /> thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, <br /> the "Property") . <br /> 2 . Purchase Price, Effective Date. The purchase price (the "Purchase Price") for the Property <br /> shall be Twenty Thousand Eight Hundred Fifty -Two Dollars & 00/ 100 ($20, 852 . 00) . The Purchase <br /> Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon <br /> which the County shall have approved the execution of this Agreement, either by approval by the <br /> Indian River County Board of County Commissioners at a formal meeting of such Board or by the <br /> 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 for the <br /> year of Closing and covenants, restrictions and public utility easements of record provided (a) there <br /> exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents <br /> County's intended use and development of the Property. <br /> 3 .2 County may order an Ownership and Encumbrance Report with respect to the Property. <br /> County shall, within thirty (3 0) days from receipt of the Ownership and Encumbrance Report, deliver <br /> written notice to Seller of title defects. Title shall be deemed acceptable to County if (a) County fails <br /> to deliver notice of defects within the time specified, or (b) County delivers notice and Seller cures <br /> the defects within thirty (30) days from receipt of notice from County of title defects ("Curative <br /> Period") . Seller shall use best efforts to cure the defects within the Curative Period and if the title <br /> defects are not cured within the Curative Period, County shall have thirty (30) days from the end of <br /> the Curative Period to elect, by written notice to Seller, to : (i) to terminate this Agreement, <br /> whereupon shall be of no further force and effect, or (ii) extend the Curative Period for up to an <br /> additional 90 days; or (iii) accept 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 /> 4.2 From and after the Effective Date of this Agreement, Seller shall take no action which would <br /> impair or otherwise affect title to any portion of the Property, and shall record no documents in the <br /> Public Records which would affect title to the Property, without the prior written consent of the <br /> E\Engineering\Robert WebbA43rd ave .capitalA43rd AveA43rd Ave -Land AcquisitionAParccl 146 Redstone Paul C and Joyce <br /> M\Purchase Agreement. Redstone.0824.07.doe <br /> 1 <br />
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