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2012-191
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Last modified
1/6/2016 11:29:16 AM
Creation date
10/1/2015 4:43:31 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/16/2012
Control Number
2012-191
Agenda Item Number
13.A.
Entity Name
Vero Beach Associates Retail LLC
Subject
Plantation Plaza 66th Avenue Road Expansion
Area
State Road 60 and 66th Avenue Plantation Plaza
Supplemental fields
SmeadsoftID
11515
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closing . <br /> 5 . Representations of the Associates . <br /> 5 . 1 Associates is indefeasibly seized of marketable , fee simple title to the <br /> Property , and is the sole owner of and has good right , title and authority to <br /> convey and transfer the Property , which is the subject matter of this Agreement , <br /> free and clear of all liens and encumbrances . <br /> 5 . 2 From and after the Effective Date of this Agreement, Associates shall take <br /> no action which would impair or otherwise affect title to any portion of the <br /> Property , and shall record no documents in the Public Records which would <br /> affect title to the Property , without the prior written consent of the County . <br /> 5 . 3 There are no existing or pending special assessments affecting the <br /> Property , which are or may be assessed by any governmental authority , water or <br /> sewer authority , school district , drainage district or any other special taxing <br /> district . <br /> 6 . Default . <br /> 6 . 4 In the event the Associates shall fail to perform any of its obligations <br /> hereunder, the County shall be entitled to : ( i ) terminate this Agreement by written <br /> notice delivered to the Associates at or prior to the Closing Date , and pursue all <br /> remedies available hereunder and under applicable law ; ( ii ) obtain specific <br /> performance of the terms and conditions hereof; or ( iii) waive the Associate' s <br /> default and proceed to Closing . <br /> 6 . 2 In the event of a default by the County , the Associates shall be entitled , as <br /> its sole remedy hereunder , to terminate this Agreement . The Associates shall <br /> have no claim for specific performance , damages or otherwise against the <br /> County . <br /> 7 . Closing . <br /> 7 . 1 The closing of the transaction contemplated herein (" Closing " and "Closing <br /> Date") shall take place withoin 45 days following the Effective Date of this <br /> Agreement . The parties agree that the Closing shall be as follows : <br /> (a) The Associates shall execute and deliver to the County Nawan4fty <br /> deed conveying marketable title to Parcel 126 and execute and deliver to <br /> the County the described easement to Parcel 326 <br /> For <br /> aFid 4-resyest+ve�y • <br /> 3 <br /> r <br />
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