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AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT is entere&into as of the 7th day of July, 2021,E by and between indian�River, County;.a political subdivision of the State of`Florida,:whose address is 1801 27cn Street, -Vero, Beach, FL 32960 _("County"),'and Fredrick- L. Lipfert;. Trustee of the Frederick-; L,-Lipfert and Norma Cr Lipfort Trust Agreement dated February 14; 2013, whose 'addresslis 2536.1 stiStreet, Vero Beach, FL 32,9,6.2 (".Lipfert"). WHEREAS, Lipfert owns a 12.25 -acre parcel,of improved land located..at 7905, 66th Avenue, Vero Beach, FL .32966 on the west side of 66th Avenue and north of 61St Street as depicted on the aerial photo attached las Exhibit 'A"; =and WHEREAS, the parcel is zoned A-1, Agricultural, up to one; residential unit per five. acres and lies outside of the Urban Services Boundary; and WHEREAS, County is undertaking, a road expansion project consisting of the widening of 66th Avenue north of 49th Street to County Road 51D, for which County needs a 1.07 acre parcel of property (Property) at the eastern edge of the parcel -to be used as right-of-way; and WHEREAS, in order to avoid the uncertainty of trial and the costs of litigation, the Parties have agreed to purchase and sell the above parcel of Property to be used for the second phase of the 66th Avenue Improvement Project. NOW THEREFORE, in consideration of the mutual undertakings herein, and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree, as follows: Recitals. The above recitals are true and correct and are incorporated herein. 1. Agreement to -Purchase and Sell.. Lipfert hereby agrees to sell to the County, and the County .hereby agrees to purchase: from Lipfert, upon the terms and conditions, set forth in this Agreement, the 1.07 acre parcel of real property and more specifically described in Exhibit "B" attached and incorporated by reference- herein. .2. Purchase Price: Effective Date. The purchase price (the "Purchase Price') for the Property shall be: FORTY-FIVE THOUSAND FOUR HUNDRED SEVENTY FIVE dollars ($45;475.00). 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, by the Indian River County Board of County Commissioners at a formal meeting, of such Board. 3. Title to the Property. Lipfert shall convey marketable title to the Property by warranty deed free of claims, liens,, easements and encumbrances of record or known to Lipfert; but subject to property taxes for the year of Closing and subject to covenants, restrictions and public utility easements of record provided (a) there exists at Closing no