12/11/2018 - Laserfiche WebLink

Home Browse Search

2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $15,000.00 (Fifteen Thousand and 00/100 Dollars) plus $1,500.00 will be paid for a 10 foot Temporary Construction Easement as described on Exhibit "C" attached, and $1,750.00 in attorney's fees. The total paid on the Closing Date will be $18,250.00. 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 this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority. 2.2 The Seller agrees that the purchase price ("Purchase Price") of $15,000.00 will cover all project impacts including relocation of the irrigation system. 2.3 The Seller will relocate the fence within 60 days' notice that the County has gone out to bid on the 66th Avenue road improvements. 2.4 At the time of road construction, the County will install a 24' wide concrete driveway to seller's property, a copy of the construction plans showing the 24' enlarged driveway are attached to this Agreement as Exhibit "D". 2.5 The County will issue a zoning confirmation letter in recordable form stating that the remaining property after the take, although less than 200,000 sq. ft. is a legal lot in the A-1 zoning district. 3. Title. Seller shall convey marketable title to the Property by warranty deed free of claims, liens, easements and encumbrances of record or known to Seller; but subject to property taxes for the year of Closing and covenants, restrictions and public utility easements of record provided (a) there exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents County's intended use and development of the Property ("Permitted Exceptions"). 3.1 County may order an Ownership and Encumbrance Report or Title Insurance Commitment with respect to the Property. County shall within fifteen (15) days following the Effective Date of this Agreement deliver written notice to Seller of title defects. Title shall be deemed acceptable to County if (a) County fails to deliver notice of defects within the time specified, or (b) County delivers notice and Seller cures the defects within thirty (30) days from receipt of notice from County of title defects ("Curative Period"). Seller shall use best efforts to cure the defects within the Curative Period and if the title defects are not cured within the Curative Period, County shall have thirty (30) days from the end of the Curative Period to elect, by written notice to Seller, to: (i) to terminate this Agreement, whereupon shall be of no further force and effect, or (ii) extend the Curative Period for up to an additional 90 days; or (iii) accept title subject to existing defects and proceed to closing. 4. Representations of the Seller. 4.1 Seller is indefeasibly seized of marketable, fee simple title to the Property, and is the 2 62