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Ut) ! a AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement " ) is made and entered into as of the 24thday of May , 2005_ , by and between Indian River County , a political subdivision of the State of Florida ( " County " ) , and Vero Christian Church , Inc . , a Florida non - profit corporation , ( " Seller" ) , who agree as follows : 1 . ,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 forth in this Agreement , that certain parcel of real property located on the north side of Oslo Road , approximately 3 /8 mile west of 27 `h Avenue , County of Indian River , State of Florida and more specifically described on Exhibits " A " and " B " attached hereto and incorporated by this reference containing approximately 26 , 213 . 6 square feet ( see Note * ) , and all improvements thereon , together with all easements , rights and uses now or hereafter belonging thereto ( collectively , the " Property " ) . * Note : The Exhibit " B " property ( 10-foot depth , containing 3 , 276 . 7 square feet ) is being dedlC. ated without compensation to attain the 60 -foot minimum right- of-way requirement , per the County Land Development Regulations . The Exhibit " B " parcel will be transferred by Statutory \ Narranty Deed . The Exhibit "A " property 170 - foot depth , containing 22 , 936 . 9 square feet ) will be transferred by Quit- Claim Deed . The Purchase Price below is consideration for the north 15 feet of Exhibit " A " ( 4 , 915 square feet , or . 113 acre ) . There is a TIIF road easement encumbering the south 55 feet , or 18 , 022 square feet of Exhibit "A" . The County has asked Seiler to quitclaim its interest in this portion as it cannot be used by Seller for any improvements , and County ' s right- of-way would otherwise be non - contiguous . l Q) r7 \,see 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price " ) for the Property shall be , The Purchase Price shall be paid on the Closing Date . The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement , either by approval by the Indian River County Board of County Commissioners at a formal meting of such Board or by the County Administrator pursuant to his delegated authority . 3 . Title . Seller shall convey marketable title to the Property by warranty deed ( or quit - claim deed if noted in Section 1 above ) free of claims , liens , easements and encumbrances of record or known to Seller; but subject to property taxes for the year of Closing and covenants , restrictions and public utility easements of record provided ( a ) there exists at Closing no violation of any of the foregoing ; and ( b ) none of the foregoing prevents County' s intended use and development of the Property ( " Permitted Exceptions " ) . 3 . 1 County ltiay order an Ownership and Encumbrance Report or Title insurance Commitment with respect to the Property . County shall within fifteen ( 15 ) days following the Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be deemed acceptable to County if ( a ) County fails to deliver notice of defects within the time specified , or ( b ) County delivers notice and Seller cures the defects within thirty ( 30 ) days from receipt of notice from County of title defects ( " Curative Period " ) . Seller shall use best efforts to FAPublic Works\Capital Projects\Mist .Agreements\MNcontractsVeroChrisChurchOsloRd2-3 -05 .doc 1 ,PFTURN RD I. le COI..yTY