2015-015 - Laserfiche WebLink

Home Browse Search

Original o1/AD/ao►S 8.6 . I .6• AGREEMENT TO PURCHASE, SELL, AND LEASE REAL ESTATE BETWEEN INDIAN RIVER COUNTY moi- 01 AND RONEE SUZAN KING and STEPHEN ALLAN BLOCK, as Co -Trustees under THE BENJAMIN BLOCK -REVOCABLE TRUST — 1999. Each as to an undivided one-half (1/2) interest as tenants-in-common (hereinafter called the "Grantee") THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 20 day of January, 2015, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and RONEE SUZAN KING and STEPHEN ALLAN BLOCK, as Co -Trustees under THE BENJAMIN BLOCK REVOCABLE TRUST — 1999, who agree as follows: WHEREAS, RONEE SUZAN KING and STEPHEN ALLAN BLOCK, as Co - Trustees owns property located at 5030 26th Street and 5920 26th Street, Vero Beach, Florida. A legal description of the property is attached to this agreement as Exhibit "A" and Exhibit "B" incorporated by reference herein; and WHEREAS, the County is purchasing right-of-way for the future expansion of 26th Street; and WHEREAS, in order to proceed with the road expansion plans, the County needs to purchase property to be used as right-of-way from landowners adjacent to 26th Street; and WHEREAS, the County has contacted Ronee Suzan King and Stephen Allan Block and has offered to purchase the entire parcel as described on Exhibit "A" (the Property) and right-of- way along the frontage of Exhibit "B" (the property), and WHEREAS, the County is currently purchasing property/right-of-way from willing sellers; and WHEREAS, Ronee Suzan King and Stephen Allan Block and the County wish to avoid the risk, time and expense of litigation by entering into this agreement for sale and purchase of the Property; NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter, the COUNTY and SELLER agree as follows: 1. Recitals. The above recitals are affirmed as being true and correct and are incorporated herein 2. Agreement to Purchase and Sell. The Seller hereby agrees to sell to the County, and the County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this Agreement that certain parcel of real property located at 5030 26th Street (Exhibit "A") and right- of-way along the frontage of the parcel located at 5920 26th Street (Exhibit "B"), Vero Beach, 1