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2/21/1989
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2/21/1989
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
02/21/1989
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personal property from Tract C not later than 90 days following <br />the closing. After determination of the fair -market value, and <br />for a period of ten. days following said determination, the Seller <br />may give the Buyer written notice of its intent not to purchae the <br />property, in which event the cost of the appraisal(s) shall be <br />borne by the Seller. A recordable written memorandum, <br />incorporating the provisions of this paragraph, shall be executed <br />by the parties at the time of closing. The Seller's right of <br />repurchase may be assigned without the consent of the Buyer. <br />8. AVAILABILITY OF SEWER AND WATER SERVICE TO ADJOINING <br />LANDS: The Buyer agrees that it will furnish sewer and water <br />service to lands within the existing franchise area, including, <br />without limitation, the following -described real property: <br />Parcel 1: <br />That property described as "Unit 2", according to <br />the plat of BREEZY VILLAGE MOBILE HOME SUBDIVISION <br />UNIT, UNIT 1, as in Plat Book 9, Page 34, Public <br />Records of Indian River County. <br />Parcel 2: <br />The South one-half of the Southeast one-quarter of <br />the Northwest one-quarter of Section 20, Township <br />31 South, Range 39 East, Indian River County. <br />The Buyer's obligation to furnish sewer and water <br />service to these lands shall be subject to payment of sewer and <br />water impact fees, connection and meter fees being charged by the <br />County at the time service is requested. The Buyer's obligation <br />to furnish service is also subject to the availability of capacity <br />and existence of collection and distribution lines, provided, <br />however, that .if capacity of either system is not available or if <br />line extensions are necessary to serve said properties, at the <br />time of the request, then the Seller shall have the right to pay <br />the additional cost of expanding the plant(s) and/or the extending <br />lines to an extent necessary to serve said properties. The <br />payment of the costs of expansion shall be in addition to the <br />payment of impact and other fees. This clause shall survive the <br />closing. <br />9. EXPENSES: Buyer shall pay the cost of documentary <br />stamps to be attached to the deed and the cost of recording same. <br />10. TAXES: Real and personal property taxes shall be <br />prorated through the date of closing. <br />11. UTILITY REVENUES: This sale does not include any assets <br />of Seller other than those described herein. Seller shall retain <br />all rate revenues accrued through February 28, 1989. Seller <br />retains the right under existing franchise resolutions to enforce <br />collection of said revenues. <br />12. DEPOSITS/RETENTIONS: At the closing, the county shall <br />refund all monies held by it in the form of deposit required to be <br />made by the utility under the terms of its franchise resolution <br />including, without limitation, deposits made to the Repair and <br />Replacement account maintained by buyer. Seller shall transfer to <br />Buyer all customer utility deposits, if any, together with all <br />available billing records. <br />13. ATTORNEY'S FEES/COSTS: In any litigation arising out of <br />this contract, the prevailing party shall be entitled to recover <br />reasonable attorney's fees and costs. <br />55 <br />FEB 21 )98E <br />BOOK Ib Eau <br />
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