2021-143 - Laserfiche WebLink

Home Browse Search

AGREEMENT TO PURCHASE AND SELL REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND CALVIN ARNOLD BETHEL, JR. THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 21 day of September , 2021, by and between Indian River County, a political subdivision of the State of Florida ("the County'), and Calvin Arnold Bethel, Jr. ("the Seller) who agree as follows: WHEREAS, Seller owns three properties located at 2690 49th Street, Vero Beach, Florida 32967, and 49t11 Street, Vero Beach, Florida 32967 and . A legal description of the properties 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 aquifer recharge purposes; and WHEREAS in order to proceed with future stormwater and drainage plans, the County needs to purchase the properties along 491h Street; and WHEREAS, the County contacted the Seller's reactor, William Moss of Lambert Commercial Real Estate, Inc. to purchase the approximately 8.88 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 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. 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 parcels of real property located at 2690 49th Street, Vero Beach, Florida 32967, and 49th Street, Vero Beach, Florida 32967 and more specifically described in the legal description attached as Exhibit "A", fee simple, containing approximately 8.88 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 $370,000.00 (Three Hundred Seventy Thousand and 00/100 Dollars).