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ORIGINAL <br /> AGREEMENT TO PURCHASE , SELL , AND LEASE REAL ESTATE 3. tJA <br /> BETWEEN INDIAN RIVER COUNTYa`/ <br /> AND <br /> NORTHERN TRUST, NA <br /> Formerly known as NORTHERN TRUST BANK OF FLORIDA N.A . <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is <br /> made and entered into as of the 16 day of August, 2011 , by and between Indian River <br /> County , a political subdivision of the State of Florida ("the County") , and Northern Trust <br /> Bank of Florida , NA , (" Seller") , who agree as follows : <br /> WHEREAS, Northern Trust Bank of Florida , NA, owns property located at 1630 <br /> Highway A1A , Vero Beach , Florida , attached to this agreement as Exhibit "A" and <br /> incorporated by reference herein ; and <br /> WHEREAS , the City of Vero Beach , is scheduled to improve the intersection of <br /> Causeway Boulevard and Highway A1A in the future and the road improvement will impact <br /> and affect Northern Trust, NA' s property; and <br /> WHEREAS , in order for the City of Vero Beach to proceed with its intersection <br /> improvement plans , the County needs to purchase property to be used as rigWof-way <br /> adjacent to Highway A1A; and <br /> WHEREAS , the County has contacted the Northern Trust , NA, of Vero Beach , and <br /> has offered to purchase a corner clip and a strip of land containing approximately 957 <br /> square feet�or 0 . 02 acres of property from Northern Trust, NA , to be used as right-of-way. <br /> WHEREAS , the County is prepared to take the Property by using its power of <br /> eminent domain ; and <br /> WHEREAS , Northern Trust, NA , 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 at 1630 Highway AIA , <br /> Vero Beach , Florida and more specifically described in the legal description attached as <br /> Exhibit "A" , containing approximately 957 square feet or 0 . 02 acres , and all improvements <br /> 1 <br />