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This Agreement for Sale and Purchase (the "Agreement") is made and entered into as of the date last entered below by and between the Seller (as hereinafter defined) and the Buyer (as hereinafter defined), based upon the following recitals: A. Seller is the owner of the " Property" (as hereinafter defined) which Buyer desires to purchase upon the terms and conditions hereinafter set forth. B. Seller desires to sell the Property upon such terms and conditions. NOW, THEREFORE, for good and valuable consideration; the receipt and adequacy of which is hereby confirmed, Seller and Buyer do hereby mutually covenant and agree as follows: 1. DEFINITIONS. (a) Seller: City of Vero Beach, a Florida municipal corporation, with an address of P.O. Box 1389, Vero Beach, FL 32961-1389. (b) Buyer: Indian River County, a political subdivision of the State of Florida, with a mailing address of 1801 27t" Street, Vero Beach, FL 32960. (c) Land: That certain real property located at 43rd Avenue and 26" Street in the City of Vero Beach (the "City"), Indian River County, Florida (the "County"), containing approximately 35.24 acres more or less, together with the building and all fixtures therein, a legal description of which is set forth on attached *Exhibit "A" and hereby made a part hereof, together with all existing easements, air and mineral rights and all tenements, hereditaments, privileges and appurtenances thereto belonging or in any way appertaining thereto including, but not limited to: any pending or future award made in condemnation or in lieu thereof if any. If the Land consists of more than one parcel, there shall be no intervening strips, gaps, gores or lands to which any legal, equitable or beneficial interests are owned by others. In the event that the legal description as contained in the survey and in the title commitment described below deviates from the legal description attached hereto, the Buyer shall have the right to approve the change in the legal description to that contained in the Title Insurance Commitment. Said Land to be subject to such utility, drainage, and other easements existing or to be retained by Seller or any utility by conveyance by Buyer to Seller at. Closing. *(Final legal description and total Property area may be adjusted to accommodate Aviation Boulevard and 43rd Avenue right-of-way roadway project). (d) Improvements: All buildings and. other improvements situated upon the Land. (e) Realty: The Land and the Improvements. (f) Personalty: The Personalty shall include: (i) all existing, valid and transferrable licenses, permits and franchises issued by any federal, state or local authorities, relating to the use, development, maintenance or operation of the Improvements, if any; (ii) all architectural, engineering and construction plans, specifications and drawings relating to the Property owned by Seller, if any; (iii) all logos, art work, signs, brochures. artists' renderings, Page 1 of 15 Buyer's Initials Seller's Initials 171