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2008-309
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2008-309
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Last modified
4/12/2016 12:15:13 PM
Creation date
10/1/2015 12:40:49 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/23/2008
Control Number
2008-309
Agenda Item Number
8.Q.
Entity Name
Ruth M. Silva
Subject
Purchase Property Agreement Intersection Improvements
Area
5800 23rd. St.
Supplemental fields
SmeadsoftID
7608
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' <br /> � X09 <br /> AGREEMENT TO PURCHASE AND Sb 0 AL <br /> LL RE <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTA ( Agreement") is made <br /> and entered into as of the of SM4----- , '2008 by and between Indian River <br /> County, apolitical subdivision of the State of Florida ("County") , and Ruth M. Silva("Seller"), who <br /> agrees as follows : <br /> 1 . Agreement to Purchase and Sell and Grant The Seller hereby agrees to sell to the County, and <br /> the 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 5800 23rd Street, Vero Beach FL 32966 <br /> county of Indian River, State of Florida and more specifically described in Exhibit "A," containing <br /> approximately 8 ,400 . 0 square foot , with a 1 ,201 sq. ft. house . ,Including all improvements thereon, <br /> together with all easements, rights and uses now or hereafter belonging thereto . <br /> 2 . Purchase Price, Effective Date . The purchase price (the 'Tu' <br /> rchase Price") for the Property shall <br /> be One-Hundred-SirVJwo Thousand and 00/ 100 Dollars ( 162 00O) The County will pay an <br /> additional $ 10 , 000 for legal fees and for the cost of the appraisal . The total consideration for the <br /> acquisition of the parcel is $ 172 , 000 . The Purchase Price shall be paid on the Closing Date . The <br /> Effective Date of this Agreement shall be the date upon whichthe County shall have approved the <br /> execution of this Agreement, either by approval by the Indan 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. <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 for the <br /> year of Closing and covenants, restrictions and public utility easements of record provided (a) there <br /> exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents <br /> County' s intended use and development of the Property. <br /> 3 .2 County may order an Ownership and Encumbrance Deport with respect to the Property. <br /> County shall, within thirty (3 0) days from receipt of the Ownership and Encumbrance Report, deliver <br /> written notice to Seller of title defects . Title shall be deemed acceptable to County if (a) County fails <br /> to deliver notice of defects within the time specified, or (b) County delivers notice and Seller cures <br /> the defects within thirty (30) days from receipt of notice from County of title defects ("Curative <br /> Period"). Seller shall use best efforts to cure the defects within the Curative Period and if the title <br /> defects are not cured within the Curative Period, County shall have thirty (30) days from the end of <br /> the Curative Period to elect, by written notice to Seller, to:: (i) to terminate this Agreement, <br /> whereupon shall be of no further force and effect. <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 would <br /> impair or otherwise affect title to any portion of the Property, and shall record no documents <br /> in the Public Records which would affect title to the Property, without the prior written <br /> consent of the County. <br /> 4 . 3 There are no existing or pending special assessments affecting the Property, which are or may <br /> be assessed by any governmental authority, water or sewer authority, school district, drainage district <br /> or any other special taxing district. <br /> 5 . Default. <br /> 1 <br />
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