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2010-268
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2010-268
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Last modified
2/22/2016 1:35:23 PM
Creation date
10/1/2015 1:34:36 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/19/2010
Control Number
2010-268
Agenda Item Number
13.A.
Entity Name
Vero Estates LLC
Subject
Purchase Agreement Recorded Deed
Area
NE corner of CR 510 and 66th Avenue
Supplemental fields
SmeadsoftID
9226
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a <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 . 1 In the event of a default by the Seller, the County shall be entitled , as its <br /> sole remedy hereunder, to terminate this Agreement . Neither the County nor any <br /> other person or party shall have any claim for specific performance , damages or <br /> otherwise against the Seller . <br /> 6 . 2 In the event of a default by the County , the Seller shall be entitled , as its <br /> sole remedy hereunder, to terminate this Agreement . Neither the Seller nor any <br /> other person or party shall have any claim for specific performance , damages or <br /> otherwise against the County . <br /> 7 , Closing . <br /> 7 . 1 The closing of the transaction contemplated herein ( " Closing " and " Closing <br /> Date " ) shall take place within 45 days following the Effective Date of this <br /> Agreement . The parties agree that the Closing shall be as follows : <br /> ( a ) The Seller shall execute and deliver to the County a warranty deed <br /> conveying marketable title to Parcel 213 , and execute and deliver to the <br /> County the described easement to Parcel 500 free and clear of all liens <br /> and encumbrances and in the condition required by paragraph 3 . <br /> ( b ) The Seller shall have removed all of its personal property and <br /> equipment from the Property and Seller shall deliver possession of <br /> Parcels 213 and 500 to County vacant and in the same or better condition <br /> that existed at the Effective Date hereof . <br /> ( c ) If Seller is obligated to discharge any encumbrances at or prior to <br /> Closing and fails to do so , County may use a portion of Purchase Price <br /> funds to satisfy the encumbrances . <br /> ( d ) The Seller shall deliver to the County an affidavit , in form <br /> acceptable to the County , certifying that the Seller is not a non - resident <br /> alien or foreign entity , such that the Seller and such interest holders are <br /> not subject to tax under the Foreign Investment and Real Property Tax Act <br /> of 1980 . <br /> ( e ) The Seller and the County shall each deliver to the other such other <br /> documents or instruments as may reasonably be required to Close this <br /> transaction . <br /> 8 . Prorations . All taxes and special assessments which are a lien upon the property <br /> on or prior to the Closing Date ( except current taxes which are not yet due and payable ) <br /> shall be paid by the Seller. If the Closing Date occurs during the time interval <br /> commencing on November 2 and ending on December 31 , Seller shall pay all current <br /> 3 <br />
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