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2023-076
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2023-076
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Last modified
6/27/2023 9:30:10 AM
Creation date
4/28/2023 11:23:31 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/18/2023
Control Number
2023-076
Agenda Item Number
12.G.1.
Entity Name
CREC Capital IR, LLC
Madsen, Jr., Myron and Davene
Subject
Agreement to Purchase and Sell Real Estate for acquisition of Right of Way
for Aviation Blvd & US -1 Improvements
Addendum to Agreement to Purchase & Sell Real Estate
Warranty Deed and Title Insurance
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in the Agreement to the County on the same terms as those set forth in the Agreement. <br />Should the Board fail to approve the Agreement on April 18`h, 2023, then this <br />Assignment shall be null and void. Once Assignment is executed, County shall <br />indemnify, defend and hold Buyer, CREC Capital IR, LLC harmless from any and all <br />claims relating to the Property, this Assignment and the Agreement to Purchase contract. <br />3. Coordination and Cooperation for Deposits. CREC was required to deposit into escrow <br />with the Law Office of Barry Segal, the amount of twenty-five thousand and 00/100 dollars <br />($25,000.00). Within three days approval of the Agreement and Assignment, the County <br />shall deposit the same amount into Mr. Segal's escrow account as a replacement for <br />CREC's deposit. The County hereby consents to Mr. Segal returning CREC's deposit to <br />CREC. CREC shall be relieved from making any other deposits under the Agreement. <br />4. Notification of Assignment. The County shall send a copy of this Assignment to the <br />following Tenants at the below addresses as contained on their Leases: <br />5. Notices Concerning the Agreement and Assignment. All notices concerning the <br />Agreement, Assignment and the Property should be directed to: <br />Indian River County <br />Ann. Public Works Director CREC Capital IR, LLC <br />1801 27th Street Attn. <br />Vero Beach, FL 32960 801 Brickell Ave, Miami, FL 33131 <br />(772) 226-3490 <br />6. All other provisions of the Agreement shall remain in full force and effect. <br />IN WITNESS WHEREOF, the Parties have executed this Assignment this _ day of April, 2023. <br />CREC CAPITAL IR, LLC <br />a Florida limited liability company <br />waprm welter <br />By: , Manager <br />Witnessed by: <br />signature: <br />Printed name: <br />Page 2 of 3 <br />signature:_ <br />Printed name: <br />
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