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2010-243
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2010-243
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Last modified
2/25/2016 10:12:26 AM
Creation date
10/1/2015 1:34:17 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/05/2010
Control Number
2010-243
Agenda Item Number
8.S.
Entity Name
H & C Hooshmand Limited Partnership
Subject
Purchase Agreement 66th Ave. Expansion
Area
North SR 60 41st, 49th St.
Supplemental fields
SmeadsoftID
9224
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O[ JGINA L <br /> If to Seller : Sullivan & Sullivan , AAL <br /> H & C Hooshmand <br /> POB 2620 <br /> Vero Beach , FL 32961 -2620 <br /> If to County : Indian River County <br /> 1801 27th Street <br /> Vero Beach , FL . 32960 <br /> Attn : Land Acquisition / Louise Gates <br /> Either party may change the information above by giving written notice of such change as <br /> provided in this paragraph . <br /> 8 . 6 Survival and Benefit . Except as otherwise expressly provided herein , each <br /> agreement , representation or warranty made in this Agreement by or on behalf of either <br /> party , or in any instruments delivered pursuant hereto or in connection herewith , shall <br /> survive the Closing Date and the consummation of the transaction provided for herein . <br /> The covenants , agreements and undertakings of each of the parties hereto are made <br /> solely for the benefit of, and may be relied on only by the other party hereto , its successors <br /> and assigns , and are not made for the benefit of, nor may they be relied upon , by any other <br /> person whatsoever . <br /> 8 . 7 Attorney ' s Fees and Costs . In any claim or controversy arising out of or relating to <br /> this Agreement , each party shall bear its own attorney ' s fees , costs , and expenses . <br /> 8 . 8 . Counterparts . This Agreement may be executed in two or more counterparts , each <br /> one of which shall constitute an original . <br /> 8 . 9 . County Approval Required : This Agreement is subject to approval by the Indian <br /> River County as set forth in paragraph 2 . <br /> 8 . 10 Beneficial Interest Disclosure : In the event Seller is a partnership , limited <br /> partnership , corporation , trust , or any form of representative capacity whatsoever for <br /> others , Seller shall provide a fully completed , executed , and sworn beneficial interest <br /> disclosure statement in the form attached to this Agreement as an exhibit that complies <br /> with all of the provisions of Florida Statutes Section 286 . 23 prior to approval of this <br /> Agreement by the County . However , pursuant to Florida Statutes Section 286 . 23 ( 3 ) ( a ) , <br /> the beneficial interest in any entity registered with the Federal Securities and Exchange <br /> Commission , or registered pursuant to Chapter 517 , Florida Statutes , whose interest is for <br /> sale to the general public , is exempt from disclosure ; and where the Seller is a non - public <br /> entity , that Seller is not required to disclose persons or entities holding less than five ( 5 % ) <br /> percent of the beneficial interest in Seller . <br /> 8 . 11 Fees and Costs : County agrees to pay a $ 3 , 500 attorney ' s fee to review the <br /> enclosed documents and provide legal advice as to your best interests in the endeavor , <br /> plus the County agrees to pay all court costs for court action giving permission to sell <br /> real estate due to a guardianship agreement . <br /> 5 <br />
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