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AGREEMENT TO PURCHASE AND SELLRIEhiL OMTL <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the 31st day of October , 2007, by and between Indian River County, <br /> a political subdivision of the State of Florida ("County") , and Tarmac America , LLC ( " Sellers "), <br /> who agree as follows : <br /> 1 . Aqreement 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 2800 Industrial Blvd . , Vero Beach <br /> FL 32967 (see attached Exhibit "A") County of Indian River, State of Florida and more <br /> specifically described on Exhibit "A" attached hereto and incorporated by this reference <br /> containing approximately 19, 543. 0 square feet, and all improvements thereon , together with all <br /> easements , 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 Twenty- Two- Thousand-Four-Hundred-Seventy-Four-and50/00 Dollars ($22,474. 50). <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 /> 4 . 2 From and after the Effective Date of this Agreement, Seller shall take no action which <br /> would impair or otherwise affect title to any portion of the Property, and shall record no <br /> Y\Engtneering\Robert Webb\53rd street ext\Tarmac 53street Purchase Contractdoc - t . <br />