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AGREEMENT TO PURCHASE AND SELL REAL ESTATE BETWEEN INDIAN RIVER COUNTY AND CHERRY LANE ESTATES, INC. OF VERO BEACH THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 10th day of May , 2022, by and between Indian River County, a political subdivision of the State of Florida ("the County"), and Cherry Lane Estates, Inc. of Vero Beach ("the Seller") who agree as follows: WHEREAS, Seller owns property located at 5825 33`d Street, Vero Beach, FL, Vero Beach, Florida. An aerial photo of the Property is attached to this agreement as Exhibit "A", incorporated by reference herein; and WHEREAS, the County is planning future intersection improvements at 58th Avenue and 33`d Street and the intersection improvements will impact the Seller's property; and WHEREAS, in order for the County to proceed with its intersection improvement plans, the County needs to purchase property to be used as right-of-way from landowners along and adjacent to the 58th Avenue and 33`d Street intersection; and WHEREAS, the County contacted the Seller and offered to purchase a portion of the property, consisting of approximately 0.226 acres of property as depicted on Exhibit "B", and 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 parcel of real property located at 5825 33`d Street, Vero Beach, FL and more specifically described in the legal description attached as Exhibit "B", fee simple, containing 0.226 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 $26,000.00 (Twenty -Six 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. 2.2 Attorneys Fees. The attorney's fees are excluded from the purchase price and come