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Last modified
1/25/2016 12:12:32 PM
Creation date
10/1/2015 1:46:23 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/08/2011
Control Number
2011-065
Agenda Item Number
13.A.
Entity Name
City First Mortgage Corporation
Lewis Barton
Subject
Mediation Settlement Agreement Code Enforcement Board Lien
Area
2025 Surfside Terrace
Alternate Name
City First
Supplemental fields
SmeadsoftID
9304
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J � <br /> MEDIATION SETTLEMENT AGREEMENT <br /> This Mediation Settlement Agreement is entered into as of the 9th day of February , 2011 , <br /> by and among INDIAN RIVER COUNTY , a political subdivision of the State of Florida <br /> (" County" ) , CITY FIRST MORTGAGE CORPORATION , a Florida corporation ("City First") , <br /> and NATIONAL TITLE INSURANCE OF NEW YORK , a New York corporation ("National <br /> Title") . <br /> 1 . National Title shall pay to the County the sum of One Hundred Fifty Thousand <br /> and No/ 100 ($ 150 ,000 . 00) ; <br /> 2e City First shall demolish the structure located on the subject property. The term <br /> " subject property" shall mean the property located at 2025 Surfside Terrace , Vero Beach , <br /> 1 <br /> Florida , described more fully as Lot 13 , SURFSIDE ESTATES , according to the Plat thereof, as <br /> i <br /> recorded in Plat Book 6 , Page 62 , Public Records of Indian River County , Florida . The term <br /> "structure" shall mean all improvements above the slab of the existing structure . <br /> 3 . The County shall release all Code Enforcement Board liens on the subject <br /> property . <br /> 4 . This settlement shall be contingent upon satisfaction of the following two <br /> conditions : <br /> a . City First shall have thirty (30) days from the date hereof to satisfy itself <br /> that demolition of the structure as set forth in paragraph 2 above will not adversely affect the <br /> ability of City First or its eventual buyer to build within the footprint of the existing structure . <br /> City First , through its counsel , shall notify the County in writing within such thirty (30 ) days <br /> whether this condition is satisfied; and <br /> FVlanniryVindaViiigniine\City Firsi (QanonJWlediation Seltlezen( Agnia.dr Page I of 2 <br />
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