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1999-142
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1999-142
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Last modified
8/7/2023 1:43:24 PM
Creation date
8/7/2023 1:42:51 PM
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Official Documents
Official Document Type
Agreement
Approved Date
05/18/1999
Control Number
1999-142
Entity Name
Annette R. Roberts, Trustee
Subject
Option Agreement for Sale and Purchase 41st Streetbetween 43rd and 58th Avenue
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26. AMENDMENTS. No modification, amendment or alteration hereto, shall be <br />effective or binding upon any of the parties hereto until it has been executed by all of <br />the parties hereto. <br />27. ADDENDUM. Anv addendum attached hereto that is signed by the parties <br />shall be deemed a part of this Agreement. <br />28. NOTICE. Whenever either party desires or is required to give notice unto the <br />other, it must give by written notice, and either delivered personally or mailed to the <br />appropriate address indicated on the first page of this Agreement, or such other <br />address as is designated in writing by a party to this Agreement. <br />29. SURVIVAL. The covenants, warranties, representatives, indemnities and <br />undertakings of Seller set forth in this Agreement shall survive the closing, the delivery <br />and recording of the deed described in paragraph 8. of this Agreement and County's <br />possession of the Property. <br />30. SHARED COST. The School Board of Indian. River County, :Florida, has <br />approved on February 23,1999 and on April 27,1999 the cooperative use of the property <br />that is the subject of the Option Agreement for Sale and Purchase between Indian River <br />County (Buyer) and Annette R. Roberts, Trustee ('Seller). It is the intent, as expressed in <br />public meetings on February 23, 1999 and April 27, 1999 that the School Board will <br />purchase a portion of the total 25 acre site from Indian River County. Both Indian River <br />County and the School Board intend to work together in a fleet management and <br />warehousing complex. <br />THIS AGREEMENT IS INITIALLY TRANSMITTED TO THE SELLER AS AN OFFER. <br />IF THIS AGREEMENT IS NOT EXECUTED BY THE SELLER ON OR BEFORE <br />1999 THIS OFFER WILL BE VOID UNLESS THE PURCHASER, AT TTS SOLE OPTION, <br />ELECTS TO ACCEPT THIS OFFER BY EXECUTING IT. SELLER UNDERSTANDS <br />AND AGREES THAT THIS OPTION AGREEMENT SHALL BE FULLY BINDING <br />UPON IT AS OF THE TIME OF EXECUTION BY SELLER FOLLOWED WITHIN A. <br />REASONABLE TIME THEREAFTER (NO MORE THAN 60 DAYS) BY EXECUTION BY <br />IRIDIAN RIVER COUNTY. THE EXERCISE OF THIS OPTION IS SUBJECT TO: (1) <br />APPROVAL OF THIS AGREEMENT, AND THE TOTAL PURCHASE PRICE, BY <br />PURCHASER (2) CONFIRMATION THAT THE TOTAL PURCHASE PRICE IS NOT IN <br />EXCESS OF THE FINAL COUNTY APPROVED APPRAISED VALUE OF THE <br />PROPERTY, AND (3) COUNTY APPROVAL OF ALL DOCUMENTS TO BE <br />FURNISHED HEREUNDER BY SELLER. <br />Witness as to Seller <br />SELLER <br />By: <br />Annette R. Roberts, Trustee <br />F.E.ID# <br />Witness as to Sellar Plate signed: <br />6 <br />
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