5/5/1982 - Laserfiche WebLink

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AY 5198ri FGE ,s m below on the Terms and conditions hereinafter set forth. 2. Description of the Subject Assets: The Subject Assets to be sold and purchased by this Agreement are more par- ticularly described as follows: (a) The real property more particularly described in Exhibit "A" attached hereto and by reference made a part hereof. In the event that the Purchaser, at some time in the future discontinues the use of both the water and sewer plants at this location, the Purchaser agrees to convey back to Nathan and Barbara Tanen all portions of the Real Property which is not reasonably necessary for lift stations, rights of way for utility lines and maintenance or any other installations which would be a part of the County utility system. Any part of the land so con- veyed shall be by insurable title and cleared of all improvements by the Purchaser. (b) All Company water plants with appurtenances and the water distributions systems more particularly described in Exhibit "B", owned by Seller located in Indian River County, Florida. (c) All Company sewer plants with appurtenances and the sewer collection systems as more particularly described in Exhibit "C", owned by Seller located in Indian River County, Florida. (d) All rights, privileges, easements, licenses, prescriptive rights, rights of way, and all contracts, service agreements and developer agreements owned by Company for the con- struction, reconstruction, maintenance and operation of the above described water and sewer utility system and assets. The Company's area utility franchise and the rights, privileges and duties contained therein together with all of the utility customer lists. (e) All personal property owned by the Company and used in connection with the water and sewer utility systems set. forth above and all personal property now situated on the real property described in Exhibit "A" and all personal property other than cash, bank deposits, securities, customer accounts receiv- -2-