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CONTRACT FOR THE SALE AND PURCHASE OF REAL PROPERTY <br />NOTE: THIS IS A LEGALLY BINDING CONTRACT, IF NOT <br />FULLY UNDERSTOOD, SEEK LEGAL ADVICE. <br />LARRY G. CATRON and PATRICIA E. CATRON, his wife; <br />DR. JAMES G. PUNCHES and BETTY A. PUNCHES, his wife; <br />DR. HUGH K. McCRYSTAL and ANN MARIE McCRYSTAL, his wife; <br />hereinafter called "Seller," and INDIAN RIVER COUNTY, a political <br />subdivision of the State of Florida, hereinafter called the <br />"Buyer," hereby agree that the respective Seller shall sell and <br />the respective Buyer shall buy from Seller the following described <br />property upon the terms and conditions hereinafter set forth, <br />which shall include the standards for real estate transactions set <br />forth as Exhibit "A" to this contract. <br />1. Legal description of real estate located in Indian <br />River County, Florida; <br />SEE EXHIBIT "A" TO OPTION CONTRACT, <br />DATED October 24, 1984 <br />2. Purchase Price. Buyer shall pay to Seller at <br />closing the sum of Nine Thousand Dollars ($9,000.00) per acre or <br />such greater or lesser amount as may be necessary to complete <br />payment of the purchase price after credits, adjustments and <br />prorations, said payment to be paid 'by County Warrant at closing. <br />Buyer shall have the responsibility of providing a certified <br />survey of the property prior to closing. <br />3. Time for Acceptance. This contract must be executed <br />by Buyer prior to February 6, 1985. <br />4. Special Condition. This contract is subject to <br />Indian River County proceeding with the State Road 60 wastewater <br />project and obtaining financing suitable to the County, either <br />through a wastewater special assessment revenue bond issue or <br />other means; and obtaining the applicable permits from the State <br />of Florida for the placement on this site of a wastewater <br />treatment plant in accordance with the County Master Plan, within <br />six (6) months of the date of this contract. In the event Indian <br />River County enters into this contract and then fails to proceed <br />with the State Road 60 wastewater project, the County will be <br />relieved of any and all obligations pursuant to this Sales and <br />Purchase Agreement, upon payment to Seller of Thirty Dollars <br />FEB 51985 -1- BOOK 59 F�Mvt741 <br />