2017-098 - Laserfiche WebLink

Home Browse Search

AGREEMENT TO PURCHASE AND SELL REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND WABASSO HILLSIDE LLC THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the ii day of July, 2017, by and between Indian River County, a political subdivision of the State of Florida, 1801 27th Street, Vero Beach, FL 32960 ("the County"), and Wabasso Hillside, LLC, whose address is 5070 HighwayA-1-A, #205, Vero Beach, FL 32963 ("Hillside"), who agree as follows: WHEREAS, Wabasso Hillside LLC owns property located at 8495 58th Avenue, Vero Beach, Florida, a sketch and legal description of the property is attached to this agreement as Exhibit "A" and incorporated by reference herein; and WHEREAS, the County, is scheduled to improve the County Road 510/58th Avenue intersection and the road expansion will impact and affect Hillside's property; and WHEREAS, in order for the County to proceed with its road expansion plans, the County needs to purchase property to be used as right-of-way from landowners adjacent to 58th Avenue; and WHEREAS, the County has contacted Hillside and has offered to purchase an approximately 0.14 acre parcel of property from Hillside to be used as right-of-way as depicted on Exhibit "A" (collectively, the Property); and WHEREAS, the County is prepared to take the Property by using its power of eminent domain; and WHEREAS, Hillside 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 HILLSIDE 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. Hillside hereby agrees to sell to the County, and the County hereby agrees to purchase from Hillside, upon the terms and conditions set forth in this Agreement, that certain parcel of real property located at 8495 58th Avenue, Vero Beach, Florida and more specifically described in the sketch and legal description attached as Exhibit "A", containing approximately 0.14 acres, and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto. 2.1 Consideration, Effective Date. The Consideration for the Property shall be the 1