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ANNEXATION AGREEMENT
<br />FOR
<br />GRAVES BROTHERS COMPANY
<br />THIS AGREEMENT is made and entered into this day of , 2022, by
<br />Graves Brothers Company, a Florida Corporation, whose address is 2770 Indian River Blvd., Suite 201, Vero
<br />Beach, FL 32960-4230; and the City of Sebastian, a Florida Municipal Corporation (hereinafter: the "City"),
<br />whose address is 1225 Main Street, Sebastian, Florida 32958.
<br />RECITALS:
<br />WHEREAS, the City of Sebastian, a Florida Municipal Corporation, is specifically authorized pursuant
<br />to Section 171.044, Florida Statutes (2022), to annex land upon the petition of the property owner; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, has petitioned the City for -voluntary
<br />annexation of the Real Property; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, hereby affirms that the Real Property
<br />meets all requirements for annexation pursuant to the aforesaid Section 171.044, Florida Statutes (2022) and
<br />as otherwise set forth in Florida law and the City's Codes and Ordinances, for the voluntary annexation of real
<br />property; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, and the City desire to set forth certain
<br />understandings with regard to the proposed use of the Real Property upon annexation, and based thereon, the
<br />parties hereto desire to enter into this Annexation Agreement; and
<br />WHEREAS, the City further enters into this Agreement pursuant to its Charter and home rule powers
<br />pursuant to Article VIII, Section 2, Florida Constitution of 1968 and Section 166.021, Florida Statutes; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, legally incorporated by the Secretary of
<br />State, State of Florida, which corporate charter and standing with the State of Florida is current, active, and in
<br />good standing, as a Florida for-profit corporation; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, is authorized by Chapter 607, Florida
<br />Statutes, and its charter, articles of incorporation, and by-laws to execute this Agreement; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, by execution of this Agreement hereby
<br />affirms, warrants to, and affirms the City that it has taken all requisite corporate action to approve the
<br />execution of this Agreement; and
<br />WHEREAS, at the time of execution of this un -amended, base document Agreement, Graves Brothers
<br />Company, a Florida Corporation, was and is the legal Owner of certain Real Property (the "Real Property")
<br />located in Indian River County, Florida, which Real Property is the subject matter of this Agreement; and
<br />WHEREAS, Graves Brothers Company, a Florida Corporation, hereby affirms, warrants to, and
<br />assures the City that it has legal marketable title in fee simple to the Real Property has lawful authority to
<br />petition for the voluntary annexation of the property set forth herein and desires to annex the Real Property
<br />into the municipal boundaries of the City; and
<br />WHEREAS, said Real Property constitutes 2,044.3 +/- annexed acres of property within the Southwest
<br />area of the City of Sebastian which is reasonably compact and contiguous to the municipal boundary of the
<br />City, and will not result in the creation of enclaves; and
<br />Sebastian/Annexation 15.Agt Final Draft Clean 01/19/2023
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