2020-016 - Laserfiche WebLink

Home Browse Search

AGREEMENT TO PURCHASE, SELL, AND LEASE REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND ROBERT E. HALE & DAVID DEBERRY THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 4th day of February , 2020, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and Robert E. Hale and David DeBerry, ("the Seller) who agree as follows: WHEREAS, Seller owns property located at 695 Old Dixie Highway SW, Vero Beach, Florida 32962. 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 property for future stormwater and drainage purposes; and WHEREAS, in order to proceed with future stormwater and drainage plans, the County needs to purchase property along Old Dixie Highway SW; and WHEREAS, the Seller contacted the County to purchase the parcel of approximately 1.32 acres of property as depicted on Exhibit "A", and 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 . ollows: 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 695 Old Dixie Highway SW, Vero Beach, Florida and more specifically described in the legal description attached as Exhibit "A", fee simple, containing approximately 1.32 acres, all improvements thereon, together with all easements, 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 $175,000.00 (One Hundred Seventy Five 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 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.