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AGREEMENT <br />AGREEMENT made this 9th day of February , 2021, by and between the Board of <br />County Commissioners of Indian River County, Florida (hereinafter "COUNTY") and Steve Martin <br />and Terrianne Martin, husband and wife (hereinafter "OWNERS"). <br />WHEREAS, COUNTY is in the process of acquiring certain lands necessary for the widening <br />and improvement of 66th Avenue as well as lands necessary to make improvements on intersecting <br />side streets such as 65th Street; and <br />WHEREAS, OWNERS own certain real property abutting 65th Street; and <br />WHEREAS, a portion of the lands owned by OWNERS (herein designated as Parcel 304) are <br />necessary for the COUNTY to make its planned improvements to 65th Street; and <br />WHEREAS, the COUNTY and OWNERS desire to amicably resolve all issues related to the <br />acquisition of Parcel 304 by COUNTY on the following terms and conditions. <br />NOW, THEREFORE, COUNTY and OWNERS agree as follows: <br />1. The above -referenced recitals are true and correct and incorporated herein by reference. <br />2. Within twenty (20) days from the date of approval of this Agreement by the Indian River <br />County Board of County Commissioners, OWNERS shall convey to COUNTY, by <br />Warranty Deed, the parcel designated as Parcel 304 as legally described in attached <br />Exhibit A. Ad valorem real estate taxes for Parcels 304 shall be prorated as of the date of <br />closing. Non -ad valorem taxes shall be paid in full by the OWNERS. <br />3. OWNERS shall convey marketable title to Parcel 304 to COUNTY free and clear of any <br />mortgages, liens or other encumbrances of any nature. OWNERS shall obtain partial <br />releases of mortgage and such other documents as may be necessary in order to convey <br />free and clear title to COUNTY. <br />4. Upon delivery of the above -referenced Warranty Deed and in consideration for the <br />conveyance, COUNTY shall: <br />a. Make payment to OWNERS in the amount of $27,500 for Parcel 304 less prorated <br />taxes and assessments. <br />b. Make payment to OWNERS in the amount of $11,267.00 in reimbursement for <br />attorney's fees, expert costs and other costs and expenses of any nature. <br />1 <br />