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9/30/2015 7:29:30 PM
Official Document Type
Agenda Item Number
Rivers M. Anderson and Aileen Anderson
Property Purchase Agreement
6750 33rd. Ct.
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• _ <br /> OK' IGINAL <br /> AGREEMENT TO PURCHASE AND SELL REAL ESTATE 0 q - 0 R 3 <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement" ) is made <br /> and entered into as of the 6th day of April , 2004 , by and between Indian River County , a political <br /> subdivision of the State of Florida ( " County" ) , and Rivers McNeill Anderson and Aileen J . <br /> Anderson , as Life Tenants , and Rivers M . Anderson and Aileen J . Anderson , as Trustees of the <br /> Rivers and Aileen Anderson Revocable Trust , (collectively , " 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 6750 33 `d Court , Vero Beach , Florida <br /> 32966 , County of Indian River, State of Florida and more specifically described on Exhibit "A" <br /> attached hereto and incorporated by this reference containing approximately 29 , 500 square feet , <br /> ( 0 . 68 acres ) and all improvements thereon , together with all easements , rights and uses now or <br /> hereafter belonging thereto ( collectively , the " Property" ) . <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price " ) for the <br /> Property shall be TWENTY- FIVE THOUSAND FOUR HUNDRED SEVENTY- EIGHT AND <br /> 01 / 100 Dollars ( $ 25 , 478 . 01 ) . The Purchase Price shall be paid on the Closing Date . The <br /> Effective Date of this Agreement shall be the date upon which the County shall have approved <br /> the execution of this Agreement , either by approval by the Indian River County Board of County <br /> Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his <br /> delegated authority . See Exhibit " B " attached hereto and incorporated by this reference which <br /> provides a " breakdown of the Purchase Price " by category . <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 /> 1 <br /> F : \Engineering\RonC\Word Docs\Rivers Anderson agreement . doc <br />
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