7/20/2016 12:28:13 PM
9/30/2015 8:48:19 PM
Official Document Type
Agenda Item Number
W.C.Graves,III and Frances E. Graves
Right of Way Acquisition Purchase
North side of 4th. Street, East of 58th. Avenue
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
All rights reserved.
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View plain text
z! _ ZLA 0 <br /> �J t l T Z <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 24thday of May , 200 5 , by and between Indian River <br /> County , a political subdivision of the State of Florida ( " County" ) , and W . C . Graves , III , a / k/ a <br /> William C . Graves , III and Frances E . Graves , his wife ( collectively , " Seller" ) , who agree as <br /> 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 on the North side of 4th Street , <br /> approximately 700 feet East of 58th Avenue , 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 11 , 370 square feet ( . 26 acre ) , and all improvements thereon , together <br /> with all easements , rights and uses now or hereafter belonging thereto ( collectively , the <br /> " Property" . <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price " ) for the <br /> Property shall beTwenty Two Thousand Seven Hundred Forty DollarsThe Purchase <br /> Price shall be paid on the Closing Date . The Effective udtc of this Agreement shall be the date <br /> upon which the County shall have approved the execution of this Agreement , either by approval <br /> by the Indian River County Board of County Commissioners at a formal meeting of such Board <br /> 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 ueiiver 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 closil-19 . <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 /> F :\Public Works\Capita.) Projects\Misc . AEreements\Graves@4thStRevised I - 1 8 -05 . doc 1 <br /> 22 740 . 00 <br /> RETa wlv 70 x, rf <-OuAlh; '' <br />
The URL can be used to link to this page
Your browser does not support the video tag.