Laserfiche WebLink
s <br />yt <br />A G R E E M E N T <br />THIS AGREEMENT, made a entered into this day of <br />L 19 by and between MID -FLORIDA UTILITIES, <br />INC., a corporation organized and existing under the laws of the <br />State of Florida, hereinafter somtimes referred to as "Seller", <br />and INDIAN -RIVER COUNTY, FLORIDA, hereinafter sometimes referred to <br />as "Purchaser". <br />WITNESSETH: <br />WHEREAS, Seller presently owns and operates a water utility <br />system located within Indian River County, Florida; and <br />WHEREAS, Purchaser has determined that it will be in the <br />public welfare and interest for it to acquire certain of the assets <br />used by Seller in connection with the operation of said water utility <br />system•.(hereinafter sometimes referred to as the "Subject Assets"), <br />and Purchaser desires to acquire the Subject Assets by agreement <br />with Seller rather than by exercise of its power of eminent domain; <br />and <br />WHEREAS, Purchaser and Seller agree that Seller will sell and <br />Purchaser will purchase the Subject Assets in accordance with the <br />terms and provisions hereinafter set forth; and <br />WHEREAS,. Purchaser and Seller now desire to set forth in <br />writing the agreements made by them. <br />NOW, THEREFORE, in consideration of the payment of TEN DOLLARS <br />($10.00) in hand paid by,Purchaser to Seller, receipt of which is <br />hereby acknowledged, other goods and valuable considerations, and <br />the mutually dependent covenants and agreements herein contained, <br />the parties hereto do hereby agree as follows: <br />1. 'Sale of the Subject Assets: Seller agrees that at the <br />closing Seller will grant, bargain, sell, transfer, assign, and <br />deliver to Purchaser, and Purchaser agrees to purchase and accept <br />delivery of.the.Subject Assets of the Seller as described below on <br />the terms and conditions hereinafter set forth. <br />I1f [ _t= <br />