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2021-094
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2021-094
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Last modified
7/20/2021 11:31:52 AM
Creation date
7/20/2021 11:18:20 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
07/06/2021
Control Number
2021-094
Agenda Item Number
13.B.
Entity Name
Lipfert, Frederick L. Trustee of the Lipfert, Frederick L.
& Norma Trust
Subject
Agreement to Purchase a 1.07 acre parcel at 7905 66th Avenue
for Right-of-Way and the widening of 66th Avenue
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7. Closing. <br />7.1 The closing of the transaction contemplated herein ("Closing" and "Closing <br />Date") shall take place within 45 days following the Effective Date of this <br />Agreement. The parties agree that the Closing shall be as follows: <br />(a) Lipfert shall execute and deliver to the County a warranty deed <br />conveying marketable title to the Property, free and clear of all liens and <br />encumbrances and in the condition required by paragraphs 3 and 4 <br />respectively. <br />(b) Lipfert shall have removed all of its personal property and equipment <br />from the Property and shall deliver possession of the Property to County <br />vacant and in the same or better condition that existed at the Effective Date <br />hereof. <br />(c) If Lipfert is obligated to discharge any encumbrances at or prior to <br />Closing and fails to do so, County may use a portion of Purchase Price <br />funds to satisfy the encumbrances. <br />(d) Lipfert shall deliver to the County an affidavit, in form acceptable to <br />the County, certifying that Lipfert is not a non-resident alien or foreign entity, <br />such that Lipfert and such interest holders are not subject to tax under the <br />Foreign Investment and Real Property Tax Act of 1980. <br />(e) Lipfert and the County shall each deliver to the other such other <br />documents or instruments as may reasonably be required to Close this <br />transaction, including any corrective documents. <br />7.2. Closing Costs; Expenses. County shall be responsible for preparation of <br />all Closing documents. County shall pay the following expenses at Closing: <br />(a) The cost of recording the warranty deed and any release or <br />satisfaction obtained by Seller pursuant to this Agreement. <br />(b) Documentary Stamps required to be affixed to the warranty deed. <br />(c) All costs and premiums for the owner's marketability title insurance <br />commitment and policy, if any. <br />8. Prorations. All taxes and special assessments which are a lien upon the property <br />on or prior to the Closing Date (except current taxes which are not yet due and payable) <br />shall be paid by Lipfert. If the Closing Date occurs during the time interval commencing <br />on November 2 and ending on December 31, Lipfert shall pay all current real estate taxes <br />and special assessments levied against the Property, prorated based on the "due date" <br />of such taxes established by the taxing authority having jurisdiction over the Property. If <br />the Closing Date occurs between January 1 and November 1, Lipfert shall, in accordance <br />with Florida Statutes Section 196.295, deposit into escrow with the Tax Collector, an <br />amount equal to the current real estate taxes and assessments, prorated to the Closing <br />Date. <br />3 <br />
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