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Kevin M. Barry °• 5 <br />Brooke M. Benzio <br />Rebecca F. Emmons 6 <br />Stephen J. Lacey 1,3•9 <br />Aaron D. Lyons 7.8 <br />Justin W. McConnell <br />Chelsea A. Miller <br />J. Cole Oliver <br />Tiffany S. Padgett <br />Patricia L. Reid <br />Bradley W. Rossway <br />Gregory J. Schwendeman' <br />Helen E. Scott <br />Jason D. Slater 2 <br />R. Blake Smith <br />John M. Stewart <br />Michael J. Swan <br />Thomas W. Tierney 2 <br />Timothy M. Williams <br />Clifton A. McClelland, Jr. <br />Of Counsel <br />William J. Stewart <br />Of Counsel <br />Edward P. Swan <br />(1927-2012) <br />' LLM - Taxation <br />2 Also admitted in CA <br />3 Also admitted in GA <br />Also admitted in MA <br />Also admitted in NY <br />6 Also admitted in OH <br />' Also admitted in PA <br />8 Also admitted in TN <br />Also admitted in VA <br />LOCATIONS <br />VERO BEACH <br />The Modern One Building <br />2101 Indian River Blvd. <br />Suite 200 <br />Vero Beach, FL 32960 <br />772.231.4440 <br />MELBOURNE <br />One Harbor Place <br />1901 S. Harbor City Blvd. <br />Suite 500 <br />Melbourne, FL 32901 <br />321.984.2700 <br />CORAL GABLES* <br />Gables International Plaza <br />2655 LeJeune Rd. <br />Penthouse 1-C <br />Coral Gables, FL 33134 <br />305.443.5020 <br />`ByAppposntment <br />thff ROSSWAY SWAN <br />ROSSWAY SWAN TIERNEY BARRY <br />LACEY & OLIVER, P.L. <br />WWW. ROSSWAYSWAN.COM <br />March 7, 2017 <br />VIA EMAIL TO: ibrownnu,irceov.com <br />Jason E. Brown <br />County Administrator <br />Indian River County <br />1801 27th Street <br />Vero Beach, FL 32960 <br />RE: Jimmy Graves Foundation, Inc. ("Buyer') proposed purchase from <br />Indian River County ("Seller") of "17`x' Street Ballfields" <br />Dear Mr. Brown: <br />This firm has the pleasure of representing the Jimmy Graves Foundation, Inc. in <br />connection with the above -captioned matter. This letter represents a formal declaration of <br />the Foundation's intent to purchase the property general identified as the "171h Street <br />Ballfields" which consist of approximately 11.76 acres on the north side of 16th Street <br />between 17th and 20th Avenue in the City of Vero Beach, Florida on the following terms <br />and conditions: <br />Property: <br />Price: <br />Purchaser: <br />Earnest Money: <br />FROM SW COR OF SE 1 /4 RUN N 80 FT TON R/W OF 16TH <br />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 />RUN S 108.5 FT, RUN W 447 FT, TH S 600 FT TO POB LESS <br />W 8 0 FT (RILEY FIELD BASE BALL DIAMONDS) <br />$250,000.00 (Two Hundred Fifty Thousand Dollars). Purchase <br />price is based, in part, upon existence of restrictive easements on <br />the property and Purchaser's anticipated expenses associated <br />with property improvement and need to change the future land <br />use of the property to construct such improvements. <br />Jimmy Graves Foundation, Inc. a Florida not for profit <br />corporation (or its to be formed tax exempt whole owned LLC) <br />$10,000.00 to be deposited into an escrow account held by <br />Rossway Swan Tierney Barry Lacey & Oliver, P.L. within five <br />(5) days of the effective date of a formal Purchase and Sale <br />Agreement (the "Effective Date"). Deposit to be fully <br />refundable at any time during the Due Diligence period, upon <br />notice. <br />