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Official Document Type
PURCAHSE AGREEMENT AND IRRIGATION AGREEMENT
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11 <br />PURCHASE AGREEMENT <br />THIS AGREEMENT dated this 71,; day of , <br />1989, by and between INDIAN RIVER COUNTY, a U political <br />subdivision of the State of Florida, 1840 25th Street, Vero <br />Beach, Florida 32960 ("COUNTY"), and SEA OAKS UTILITIES, INC., <br />a Florida corporation, 301 East Las Olas Boulevard, Post Office <br />Box 14426, Fort Lauderdale, Florida 33302 ("UTILITY"). <br />W I T N E S S E T H: <br />WHEREAS, the UTILITY owns and operates a subregional sewer <br />treatment and collection system (which disposes of its treated <br />effluent through irrigation pipes to neighboring properties) in <br />Indian River County under a franchise given by the COUNTY; and <br />1 ds <br />WHEREAS, the COUNTY desires to purchase the system in <br />furtherance of its utility plan for Indian River County; and <br />WHEREAS, the UTILITY desires to sell the system, less <br />certain excluded assets; <br />NOW, THEREFORE, FOR AND IN CONSIDERATION of the premises <br />and mutual covenants contained herein, the COUNTY and UTILITY <br />agree as follows: <br />1. EXHIBITS TO BE PART OF THIS AGREEMENT. <br />Attached to this Agreement are certain Exhibits which shall <br />be considered to be an integral part of this Agreement as much <br />as if they were written in this Agreement. This list of <br />Exhibits is as follows: <br />Exhibit "A" - List of specified documents to be <br />furnished by UTILITY at least 10 days <br />after execution of contract. <br />Exhibit "B" - Copies of all Developer's Agreements <br />and other miscellaneous agreements <br />entered into by the date of this <br />Agreement which impact COUNTY. <br />Exhibit "C" - Schedule of Funds held by UTILITY for <br />renewal and replacement fund. <br />Exhibit "D" - Legal description of real property to <br />be sold to COUNTY and legal description <br />of any easements which are being <br />transferred to COUNTY. <br />p v-�lrr�l�i-t-�"i�'�=a�,��---e•E—mansardi-"T�b'£ <br />' <br />2. DEFINITIONS. <br />The following words shall have the meanings ascribed <br />to them as follows: <br />EX LUDED ASSETS - Cash or bank accounts of UTILITY <br />which are UTILITY's sole property.and which are not subject to <br />refund to customers (including Developers or others) or which <br />have no application to specific purposes or uses of the system. <br />G.P.D. - Gallons per day. <br />SERVICE TERRITORY - The territory authorized to be <br />served by the franchise between COUNTY and UTILITY. <br />
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