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AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT is entered into as of the 7th day of June, 2022, by and between Indian River County, a political subdivision of the State of Florida, whose address is 1801 27th Street, Vero Beach, FL 32960 ("County"), and Venda R. Burgess, whose address is 3335 58th Avenue, Vero Beach, FL 32966 ("Ms. Burgess"). WHEREAS, Ms. Burgess owns a 0.30 -acre parcel of improved land located at 3335 581h Avenue, Vero Beach, FL 32966 on the west side of 58th Avenue and north of 33rd Street as depicted on the aerial photo attached as Exhibit "A"; and WHEREAS, the parcel is zoned RS -3, Residential, up to three residential units per acre and lies inside of the Urban Services Boundary; and WHEREAS, County is undertaking a road expansion project consisting of the expansion of the intersection of 58th Avenue and 33rd Street, for which County needs the entire 0.30 -acre of property (Property) 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 58' Avenue/3311 Street Intersection expansion 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. Ms. Burgess hereby agrees to sell to the County, and the County hereby agrees to purchase from Ms. Burgess, upon the terms and conditions set forth in this Agreement, the 0.30 -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 FIVE HUNDRED TEN THOUSAND DOLLARS ($510,000.00). 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. Ms. Burgess shall convey marketable title to the Property by warranty deed free of claims, liens, easements and encumbrances of record or known to Ms. Burgess; 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 violation of any of the foregoing; and (b) none of the foregoing prevents County's intended use and development of the Property. 1