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Ol[U GINAL COPY AGREEMENT TO PURCHASE , SELL , AND LEASE REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND SCHACHT & COMPANY , INC . THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement") is made and entered into as of the 22 day of June , 20101 by and between Indian River County , a political subdivision of the State of Florida ("the County" ) , and Schacht & Company , Inc , who agree as follows : WHEREAS , Schacht & Company , Inc . owns property located at 4th Street , Vero Beach , Florida . Legal descriptions of the properties are attached to this agreement as Exhibit "A" incorporated by reference herein ; and WHEREAS , the County , is scheduled to expand 66th Avenue in the future and the road expansion will impact and affect the Schacht & Company , Inc . property ; and WHEREAS , in order for the County to proceed with its road expansion plans , the County needs to purchase property to be used as right-of-way from landowners on 4th Street ; and WHEREAS , the County has contacted Schacht & Company , Inc . and has offered to purchase approximately 30 , 090 square feet of property to be used as right- of-way ( shown as Exhibit "A " ; and WHEREAS , the County is prepared to take the Property by using its power of eminent domain ; and WHEREAS , Schacht & Company , Inc . and the County wish to avoid the risk , time and expense of litigation by entering into this agreement for sale and purchase of the entire property ; NOW , THEREFORE , in consideration of the mutual terms , conditions , promises , covenants and premises hereinafter , the COUNTY and SELLER agree as follows : 1 . Recitals . The above recitals are affirmed as being true and correct and are incorporated herein 2 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County , and the County hereby agrees to purchase from Seller , upon the terms and conditions set forth in this Agreement that certain parcels of real property located on 4th Street , Vero I