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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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DocuSign Envelope ID: 7950OD2A-E29A-4226-B4OA-14COA605B1A3 <br />ADDENDUM TO AGREEMENT TO PURCHASE AND SELL REAL ESTATE <br />THIS ADDENDUM TO AGREEMENT TO PURCHASE AND SELL REAL <br />ESTATE entered into on this 12th day of lune , 2023 between Indian River County <br />("the Buyer') and Myron Madsen, Jr. & Davene Madsen ("the Sellers"), who agree as <br />follows: <br />WHEREAS, parties entered into the Agreement to Purchase and Sell Real <br />Estate on April 18, 2023 for the purchase and sale of that certain property known as <br />Lots 1, 2, 3, and 7, Block 3, R.D. Carter Subdivision, according to the map or plat <br />thereof as recorded in Plat Book 4, Page 28, Public Records of St. Lucie County, <br />Florida; Said land now lying and being in Indian River County, Florida ("the property"); <br />and <br />WHEREAS, Seller will convey to Buyer additional items located on the Property <br />as part of this transaction. The consideration the Sellers receive from the Buyer in <br />exchange for one 1992 Chevrolet box,truck and said items is their avoidance of moving <br />and storage expenses they would have incurred had they cleared the property, and <br />NOW THEREFORE, in consideration of the mutual undertakings herein and <br />other good and valuable consideration, the receipt and adequacy of which is hereby <br />acknowledged, the parties agree to the following amendments to the Agreement to <br />Purchase and Sell Real Estate: <br />1. All appliances and other personal property remaining on the Property at the time of <br />closing shall be deemed conveyed to and accepted by Buyer; <br />2. At closing, one 1992 Chevrolet box; truck shall be deemed conveyed to and accepted <br />by Buyer, and Seller shall cooperate with Buyer in any issues with titling at Buyer's <br />expense; and <br />3. Be it further agreed that the Buyer will conduct a final inspection of the property on <br />June 14th, 2023 and the closing on the property will take place on June 16th, 2023. <br />4. Late in 2022, a car crashed through the west facing front doors of the building. The <br />Sellers temporarily borrowed and installed replacement doors owned by Mr. Alan <br />Schommer. Following the closing but before demolition, Buyer will coordinate with Alan <br />Schommer to allow him to enter the property :and remove the glass doors borrowed <br />from him from the building and board up the entrance upon removal of the doors. <br />
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