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AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT is entered into as of the 16 day of October , 2012 , by and between Indian River County , a political subdivision of the State of Florida , whose address is 1801 27th Street , Vero . Beach , FL 32960 ( " County") , and Vero. Beach Associates Retail , LLC , a Missouri limited liability company , whose address is c/o TKG Management , 211 North Stadium Boulevard , Suite 201 , . Columbia , MO 65203 ("Associates ") . WHEREAS , Associates owns a three building , 10 unit commercial development located at the northwest corner of State Road 60 and 66th Avenue commonly known as " Plantation Plaza " ; and WHEREAS , Plantation Plaza consists of approximately 2 . 72 acres of property that is zoned Neighborhood Commercial with businesses such as a bank , a restaurant and various professional offices as depicted on the aerial photo attached as Exhibit "A and WHEREAS , County is undertaking a road expansion project consisting of the widening of 66th Avenue north of State Road 60 , for which County needs a narrow , 7 . 52 ' by 249 ' strip of right-of-way along the eastern edge of the Associates property and a small triangular parcel (corner clip ) at the southeast corner of the parcel , and WHEREAS , Associate' s buildings will not be involved in the take but certain improvements such as signage , dumpster enclosure and landscaping will be affected by the County' s improvement project ; and WHEREAS , Associates was concerned about the loss of their southbound 66th Avenue deceleration lane serving the east entrance/exit to their development , but the County has successfully negotiated a purchase from the adjoining landowner to replace the southbound deceleration lane which is agreeable and satisfying to Associates ; and WHEREAS , for the consideration and upon the terms set forth herein , Associates is willing to convey a parcel of property to the County to be used as right-of-way for the 66th Avenue Improvement Project . NOW THEREFORE , in consideration of the mutual undertakings herein , and other good and valuable consideration , the receipt and adequacy of which is hereby . acknowledged , the parties agree , as follows : Recitals . The above recitals are true and correct and are incorporated herein . 1 . Agreement to Purchase and Sell . Associates hereby agrees to sell to the County , and the County hereby agrees to purchase from Associates , upon the terms and conditions set forth in this Agreement , one ( 1 ) parcel of real property referred to IV, Parcel 126 located along 66th Avenue between State Road 60 and 26th Streets , Ind '