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ORIGINAL
<br /> AGREEMENT TO PURCHASE , SELL , AND LEASE REAL ESTATE
<br /> BETWEEN INDIAN RIVER COUNTY 'd g�-2�° 6
<br /> AND 07 _ ae
<br /> 510 INDUSTRIAL PARK , INC .
<br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is
<br /> made and entered into as of the 22 day of october, 2013 , by and between Indian River
<br /> County , a political subdivision of the State of Florida ("the County") , and 510 Industrial
<br /> Park , Inc , who agree as follows :
<br /> WHEREAS , 510 Industrial Park , Inc , owns property located at 5250 85th Street ,
<br /> Sebastian , FL 32958 , 5300 85th Street , Sebastian , FL 32958 and 5290 85th Street ,
<br /> Sebastian , FL 32958 . A sketch and legal description of the property is attached to this
<br /> agreement as Exhibit "A" and Exhibit " B " , incorporated by reference herein ; and
<br /> WHEREAS , the County is scheduled to expand CR510 , also known as 85th Street ,
<br /> in the future and the road expansion will impact the property of 510 Industrial Park , Inc . ,
<br /> and
<br /> WHEREAS , in order for the County to proceed with its road expansion plans , the
<br /> County needs to purchase property to be used as right-of-way from landowners adjacent
<br /> to CR510 ; and
<br /> WHEREAS , the County has contacted 510 Industrial Park , Inc . and has offered to
<br /> purchase a total of approximately 6 , 072 square feet of property to be used as road right-of-
<br /> way , as depicted on Exhibit "A" , and a total of approximately 3 , 846 square feet of property
<br /> to be used as a drainage easement , as depicted on Exhibit " B " (the Property) , and
<br /> WHEREAS , the County is prepared to take the Property by using its power of
<br /> eminent domain ; and
<br /> WHEREAS , 510 Industrial Park , Inc . and the County wish to avoid the risk, time and
<br /> expense of litigation by entering into this agreement for sale and purchase of the Property ;
<br /> NOW, THEREFORE , in consideration of the mutual terms , conditions , promises ,
<br /> covenants and premises hereinafter, the COUNTY and SELLER agree as follows :
<br /> 1 . Recitals . The above recitals are affirmed as being true and correct and are
<br /> incorporated herein
<br /> 2 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County ,
<br /> and the County hereby agrees to purchase from Seller, upon the terms and conditions set
<br /> forth in this Agreement that certain parcel of real property located on 85th Street,
<br /> Sebastian , Florida and more specifically described in the sketch and legal description
<br /> attached as Exhibit "A fee simple , containing approximately 6 , 072 square feet , Exhibit
<br /> " B" , drainage easement , containing approximately 3 , 846 square feet , all improvements
<br /> thereon , together with all easements , rights and uses now or hereafter belonging
<br /> thereto(collectively , the " Property") .
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