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2018-153
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2018-153
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Last modified
1/4/2021 10:52:33 AM
Creation date
8/17/2018 1:23:54 PM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/14/2018
Control Number
2018-153
Agenda Item Number
13.C.
Entity Name
Florida Institute of Technology
Subject
Marine Laboratory Property Agreement
Area
Tracking Station Park
Alternate Name
FIT
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NOW, THEREFORE, for and in consideration of the premises, the sum of Ten and <br />No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency <br />of which are hereby acknowledged, the parties hereto do hereby covenant and agree as follows: <br />1. Recitals. The recitals set forth hereinabove are true and correct in all respects and <br />are incorporated herein by reference as if set forth herein verbatim. <br />2. Dedication of Right -of -Way for Extension of 46th Place. Florida Tech and County <br />each agree to dedicate property for the extension of 46th Place to the Florida Tech Parcel as <br />follows: <br />(a) Dedication of Right -of -Way by Florida Tech. Florida Tech agrees to <br />execute and deliver to County, simultaneously with the execution of this Agreement, a Right -of - <br />Way Deed conveying to County the real property described in Exhibit "C", attached hereto and <br />incorporated herein by reference, for use as public right-of-way and related purposes. The Right - <br />of -Way Deed shall be in form and content as set forth in Exhibit "D", attached hereto and <br />incorporated herein by reference. County covenants and agrees that in the event the real property <br />described in Exhibit "C" or any portion thereof is ever abandoned by the County as a public <br />right-of-way, County shall grant a perpetual non-exclusive easement for ingress and egress to <br />Florida Tech, and its successors and assigns, over such real property. Florida Tech covenants and <br />agrees to pay the cost of state documentary stamps and recording fees for the recording of the <br />Right -of -Way Deed. <br />(b) Creation of Right -of -Way by County. County agrees to dedicate, and by <br />the execution of this Agreement does hereby dedicate, the real property described in Exhibit "E", <br />attached hereto and incorporated herein by reference, for use as public right-of-way and related <br />purposes. County agrees to cause its right-of-way maps and records to be amended to reflect the <br />dedications provided for in this paragraph 2. County covenants and agrees that in the event the <br />real property described in Exhibit "E" or any portion thereof is ever abandoned by the County as <br />a public right-of-way, County shall grant a perpetual non-exclusive easement for ingress and <br />egress to Florida Tech, and its successors and assigns, over such real property. <br />3. Conveyance of Properly to County by Florida Tech. Florida Tech agrees to <br />execute and deliver to County, simultaneously with the execution of this Agreement, a Special <br />Warranty Deed conveying to County fee simple title in and to the real property described in <br />Exhibit "F", attached hereto and incorporated herein by reference. The Special Warranty Deed <br />shall be in form and content as set forth in Exhibit "G", attached hereto and incorporated herein <br />by reference. Florida Tech covenants and agrees to pay the cost of state documentary stamps and <br />recording fees for the recording of the Special Warranty Deed. <br />4. Creation of Vegetative Buffer Easement. Florida Tech agrees to execute and <br />deliver to County, simultaneous with the execution of this Agreement, a Vegetative Buffer <br />Easement establishing a vegetative buffer easement over and across the real property described <br />in Exhibit "H", attached hereto and incorporated herein by reference. The Vegetative Buffer <br />Easement shall be in form and content as set forth in Exhibit "I", attached hereto and <br />incorporated herein by reference. Florida Tech covenants and agrees to pay the cost of state <br />documentary stamps and recording fees for the recording of the Vegetative Buffer Easement. <br />-2- <br />02073544.v2 <br />
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