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2006-387
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2006-387
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Last modified
9/1/2016 2:59:01 PM
Creation date
10/1/2015 12:52:56 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/07/2006
Control Number
2006-387
Agenda Item Number
12.A.
Entity Name
Windsor Properties
Subject
See meetings 2/10/09; 4/14/09 - closing papers
Supplemental fields
SmeadsoftID
7760
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the Deed of Conservation Easement which is attached and made a part of this Agreement. All documents shall be <br /> subject to review of the title insurance provider, and reasonable review by the other parties. <br /> 9. DSVS REVIEW FOR CLOSING. DSL will approve or reject each item provided by Windsor and County <br /> under this Agreement. Windsor and County will have 30 days thereafter to cure and resubmit any rejected items. If <br /> Windsor and County fail to timely deliver any item or DSL rejects any item after delivery, BOT may in its discretion <br /> extend the closing date. <br /> 10. EXPENSES. Windsor will pay the documentary revenue stamp tax and all other taxes or costs associated with <br /> this transaction, except as otherwise specified in this Agreement. Windsor shall also pay the cost of recording the deeds <br /> and conservation easement required by paragraph 7 . of this Agreement and any other recordable instruments that DSL <br /> or County deem necessary to assure good and marketable title. <br /> 11 . TAXES AND ASSESSMENTS. At closing, Windsor shall satisfy all real estate taxes and assessments of <br /> record that are or that may become a lien against Tracts C or D. If the closing of the exchange occurs between January 1 <br /> and November 1 , Windsor shall, in accordance with Section 196.295, Florida Statutes, place in escrow with the county <br /> tax collector an amount equal to the current taxes prorated to the date of transfer, based upon current assessment and <br /> millage rates. If the closing occurs on or after November 1 , Windsor shall pay to the county tax collector an amount <br /> equal to the taxes that are determined to be legally due and payable by the county tax collector. <br /> 12. CLOSING PLACE AND DATE. The closing shall be on or before eighteen ( 18) months after approval of this <br /> Agreement by the last of the parties to do so. If a defect exists in the title, title commitment, Survey or environmental <br /> site assessment, or in any other documents required to be provided under this Agreement, however, the closing shall <br /> occur either on the original closing date or within 60 days after receipt of documentation of any removal of defects <br /> required to be removed by this Agreement, whichever is later. BOT shall set the date, time and place of closing. It is <br /> understood and agreed that if final completion of new park facilities on Golden Sands Park, as described in "Additional <br /> Obligations of Windsor" in the Addendum to Exchange Agreement, are not completed in time to allow a closing within <br /> the closing times or other applicable deadlines set forth in this Agreement, Windsor may request extension of such time <br /> or times, and reasonable requests for such extensions will be granted by County and BOT. <br /> 13 , RISK OF LOSS AND CONDITION OF PARCELS. Each party assumes all risk of loss or damage to the <br /> property currently owned by it prior to the date of closing and agrees that each party's parcel shall be transferred and <br /> conveyed to the receiving party in the same or essentially the same condition as of the date of execution of this <br /> Agreement, ordinary wear and tear excepted. If between the date this Agreement is executed by the parties and the date <br /> of closing the condition of any parcel as it existed on the date this Agreement is altered by an act of God or other natural <br /> force beyond the control of the parties, the party who is to receive the altered parcel may elect, at said recipient's sole <br /> option, to terminate this Agreement and neither party shall have any further obligations under this Agreement. Windsor <br /> represents and warrants that there are no parties other than Windsor in occupancy or possession of any part of Tracts C <br /> and D. Windsor warrants that there are no facts known to Windsor materially affecting the value of the property to <br /> be received by BOT that are not readily observable by BOT or which have not been disclosed to BOT. <br /> All wells located on Tracts C and D shall be duly abandoned at Windsor' s sole cost and expense prior to closing <br /> unless this requirement is waived in writing by County or BOT, as applicable. <br /> Windsor agrees to clean up and remove all abandoned personal property, refuse, garbage, junk, rubbish, trash and <br /> debris (hereafter, "trash and debris") from Tracts C and D to the satisfaction of the receiving party prior to closing. <br /> If Windsor does not so remove all trash and debris prior to closing, the receiving party, at its sole option, may elect <br /> to: (a) collect from Windsor the estimated expense necessary to remove trash and debris and proceed to close, with <br /> the receiving party incurring any additional expenses necessary to remove all trash and debris and clean up <br /> subsequent to closing, (b) extend the amount of time Windsor has to remove all trash and debris, or (c) terminate this <br /> Agreement, and no party shall have any further obligations under the Agreement. <br /> 14. RIGHT TO ENTER AND POSSESSION. Each party agrees that from the date this Agreement is executed by <br /> the parties, officers, attorneys and duly authorized agents of each party, upon reasonable notice, shall have at all times <br /> the right and privilege of entering the other parties' parcels for all lawful purposes in connection with the this Agreement. <br /> 4 <br /> BLA- 104 , Revised 01 /26/06 <br />
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