2022-034 - Laserfiche WebLink

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AGREEMENT TO PURCHASE AND SELL REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND CGV INVESTMENTS, LLC THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 15 day of February , 2022, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and CGV Investments, LLC, a Florida limited liability company ("the Seller) who agree as follows: WHEREAS, Seller owns a 4.860 acre parcel of unimproved land located at 6300 81 st Street, Vero Beach, Florida 32967. A legal description of the parcel is attached to this agreement as Exhibit "A" and incorporated by reference herein; and WHEREAS, the County is purchasing the right-of-way for the future paving of 81 It Street from 66th Avenue east to the existing pavement section; and WHEREAS, the County contacted the Seller to offer to purchase 0.77 acres of the parcel to be used as right-of-way for 81St Street as depicted on Exhibit "B", 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, the 0.77 acre parcel of real property more specifically described in the legal description attached as Exhibit "B", attached and incorporated 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 $40,000.00 (Forty Thousand and 00/100 Dollars). 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, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority.