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2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the Property shall be $17,500.00 (Seventeen Thousand and Five Hundred 00/100 Dollars) and $5,500.00 (Five Thousand and Five Hundred 00/100 Dollars) forthe relocation ofthe fence and gate. The Purchase Price of $23,000.00 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 $23,000.00 will cover all project impacts including relocation of the fence and gate, temporary construction easement depicted on Exhibit "C" and other items. 2.3 The County will remove the existing drain pipe across 65th Street on the west side of the property and install a new pipe and inlet across 651h Street at the location shown on Exhibit "D" as SS -202C. 2.4 The County will install a drainage system in the County right-of-way in front of the parcel. The design has been incorporated into the current construction plans for 66th Avenue. See Exhibit "D". 2.5 The County will be responsible for removing and replacing two driveways within the County right-of-way with concrete aprons and stormwater piping as shown in Exhibit "D". 2.6 The County will be responsible for constructing a drainage swale system on the Sellers property as depicted on Exhibit "D". To include SS -202A and SS -202C. 2.7 The Seller will relocate the fence within 120 days of Closing 2.8 The County would be responsible for installing a culvert across the retention area for access to the western gate. This will be a stabilized grass access point 14 -feet wide. 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 2