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2008-066
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2008-066
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Last modified
3/24/2016 12:55:42 PM
Creation date
10/1/2015 12:00:15 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/04/2008
Control Number
2008-066
Agenda Item Number
7.J.
Entity Name
Redlands Christian Migrant Association
Subject
Land Purchase Agreement
Area
7625 85th Street
Supplemental fields
SmeadsoftID
6913
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AGREEMENT TO PURCHASE AND SELL RE � � <br /> Ra �� NU 0 "A <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made <br /> and entered into as of the 31 day of December, 2007 , by and between Indian River County, <br /> a political subdivision of the State of Florida (" County") , and Redlands Christian Migrant Association , <br /> Inc. , a Florida Non Profit Corporation , ("Seller") , 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 7625 85th Street , Vero Beach , <br /> County of Indian River, State of Florida and more specifically described on Exhibit "A" attached <br /> hereto and incorporated by this reference containing approximately 3 . 780 square feet, and all <br /> improvements thereon , together with all easements , rights and uses now or hereafter belonging <br /> thereto (collectively, the " Property") . <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price") for the Strip of <br /> Road Right-of-Way shall be Three Thousand Seven Hundred-Eighty and 00/100 Dollars <br /> ($ 3 , 780 . 00 ) . The Purchase Price shall be paid on the Closing Date. The Effective Date of this <br /> Agreement shall be the date upon which the County shall have approved the execution of this <br /> Agreement, either by approval by the Indian River County Board of County Commissioners at a <br /> formal meeting of such Board or by the County Administrator pursuantto 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 /> 1 <br />
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