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RO S SWAY SWAN <br /> ROSSWAY SWAN TIERNEY BARRY <br /> LACEY & OLIVER, P.L. <br /> a,s <br /> WWW.ROSSWAYSWAN.COM <br /> Kevin M.Barry <br /> Brooke M. Benzio <br /> Rebecca F. Emmons <br /> Stephen J. Lacey 1,3,9 <br /> Aaron D.Lyons 1,1 March 7,2017 <br /> Justin W. McConnell <br /> Chelsea A.Miller <br /> J.Cole Oliver VIA EMAIL TO: ibrownna imov.com <br /> Tiffany S.Padgett <br /> Patricia L. Reid Jason E.Brown <br /> Bradley W.Rossway County Administrator <br /> Gregory J.SchwendemanIndian River County <br /> Helen E.Scott 1801 27th Street <br /> Jason D.Slater 2 Vero Beach,FL 32960 <br /> R. Blake Smith <br /> John M.Stewart RE. Jimmy Graves Foundation, Inc. ("Buyer") proposed purchase from <br /> Michael J.Swan Indian River County(".Seller")of"174 Street Bal fields" <br /> Thomas W.Tierney 2 <br /> Timothy M.Williams Dear Mr.Brown: <br /> Clifton A.McClelland,Jr. <br /> Of Counsel This firm has the pleasure of representing the Jimmy Graves Foundation, Inc. in <br /> William J.Stewart connection with the above-captioned matter. This letter represents a formal declaration of <br /> Of Counsel the Foundation's intent to purchase the property general identified as the "l Th Street <br /> Ballfields" which consist of approximately 11.76 acres on the north side of 16t' Street <br /> Edward P.Swan between IV' and 20 Avenue in the City of Vero Beach, Florida on the following terms <br /> (1927-2012) and conditions: <br /> 1 LLM-Taxation Property: FROM SW COR OF SETA RUN N 80 FT TO N R/W OF 16TH <br /> s Also admitted in CA p �� <br /> 3 Also admitted in GA ST&POB,TH E 943.19 FT TO W R/W OF 17TH AVE,TH N <br /> 463.5 FT,RUN W 250 FT,RUN N 245 FT,RUN W 233.74 FT, <br /> sAlso admitted in MA RUN S 108.5 FT,RUN W 447 FT,TH S 600 FT TO POB LESS <br /> Also admitted in NY <br /> 5 Also admitted in OH W 8 0 FT(RILEY FIELD BASE BALL DIAMONDS) <br /> 'Also admitted in PA <br /> s Also admitted in TN Price: $250,000.00(Two Hundred Fifty Thousand Dollars).Purchase <br /> 'Also admitted in VA price is based, in part,upon existence of restrictive easements on <br /> the property and Purchaser's anticipated expenses associated <br /> LOCATIONS with property improvement and need to change the future land <br /> VERO BEACH use of the property to construct such improvements. <br /> The Modern One Building <br /> 2101 Indian River Blvd. Purchaser: Jimmy Graves Foundation,Inc. a Florida not for profit <br /> Suite 200 corporation(or its to be formed tax exempt whole owned LLC) <br /> Vero Beach,FL 32960 <br /> 772.231.4440 <br /> MELBOURNE Earnest Money: $10,000.00 to be deposited into an escrow account held by <br /> One Harbor Place Rossway Swan Tierney Barry Lacey&Oliver,P.L.within five <br /> 1901 S.Harbor City Blvd. (5)days of the effective date of a formal Purchase and Sale <br /> Suite 500 Agreement(the"Effective Date"). Deposit to be fully <br /> Melbourne, 32901 <br /> 321.984.2700 refundable at any time during the Due Diligence period,upon <br /> CORAL GABLES* notice. <br /> Gables International Plaza <br /> 2655 LeJeune Rd. <br /> Penthouse 1-C <br /> Coral Gables,FL 33134 <br /> 305.443.5020 <br /> TyAppointment <br />