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AGREEMENT TO PURCHASE AND SELL REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND SEBASTIAN CORNERS RETAIL CENTER, LLC THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 18 day of July , 2017, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and Sebastian Corners Retail Center, LLC, ("the Seller) who agree as follows: WHEREAS, Seller owns property located at 1919 -1931 US Highway 1 Sebastian, FL 32958. A legal description of the property is attached to this agreement as Exhibit "A" and incorporated by reference herein; and WHEREAS, the County is purchasing the retail center to relocate the Indian River North County offices; and WHEREAS, in order to proceed with the relocation, the County needs to purchase the property located at 1919 -1931 US Highway 1 Sebastian, FL 32958; and WHEREAS, the County contacted the Seller to purchase the property of approximately 102,365 square feet or 2.35 acres of property as depicted on Exhibit "A", and after negotiations with the County, the Seller has agreed to sell the property to the County; WHEREAS, the Parties agree this is an arm's length transaction between the Seller and the County, without the threat of eminent domain. 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 1919 -1931 US Highway 1 Sebastian, Sebastian, Florida 32958 and more specifically described in the legal description attached as Exhibit "A", fee simple, containing approximately 2.35 acres, all improvements thereon, together with all easements, leases rights and uses now or hereafter belonging thereto (collectively, the "Property"). 2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $2,650,000.00 (Two Million, Six Hundred and Fifty Thousand and 00/100 Dollars). The Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of Page 1 1