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2023-178
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2023-178
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Last modified
10/5/2023 11:58:35 AM
Creation date
10/5/2023 11:57:49 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/29/2023
Control Number
2023-178
Agenda Item Number
8.R.
Entity Name
J. Pat Corrigan Family Limited Partnership
LLP and Hugh Corrigan, III
amily Limited Partnership, LLLP
Subject
Purchase of Basin 22 Mitigation Bank; Credit Reservation and Purchase Agreement (Federal)
for the IRC Public Shooting Range Sporting Clays Course;
Project Number
IRC-1847
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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />RYAN L. BUTLER, CLERK <br />This Agreement shall not be assignable by Buyer. The credits reserved herein are to be utilized by the Buyer <br />solely in connection with the mitigation of adverse wetland impacts for the above referenced project and for no <br />other purpose. Buyer represents that the credits are not being purchased for purposes of resale, and any resale <br />of the credits shall be prohibited. Failure of Buyer to comply with this provision shall constitute a breach of <br />this covenant. As a consequence, Seller shall have the right to repurchase all credits for a total consideration <br />equal to 50% of the original Purchase Price paid by Buyer. In such an event, the credits shall be conveyed to <br />Seller, free and clear of any lien or other encumbrance, within 30 days after Seller furnishes notice of its intent <br />to require such reconveyance. This section shall survive the original credit transfer, and continue in full force <br />and effect. <br />Payment shall be made to: Gould Cooksey Fennell, PLLC (Christopher H. Marine, Esq.) as Escrow Agent <br />for Basin 22 Mitigation Bank, and sent to 979 Beachland Boulevard, Vero Beach, Florida 32963. <br />Buyer: <br />Indian River County, Florida, a <br />subdivision of State of Flori <br />By: <br />Name: <br />Dated: August 29 <br />Attest: Ryan L. Butler, Clerk of <br />Circuit Court and Comptroller <br />�Wslw�=—�FMWKNZrwe <br />4 <br />1•a <br />•�iyyRlti .CO���:'' By: <br />Hari : ••tairman <br />Seller: <br />J. PAT CORRIGAN FAMILY LIMITED <br />PARTNERSHIP, LLLP, a Florida limited <br />liability limited partnership <br />By its: General Partner, The Corrigan Special <br />Trust u/a/d December 30, 2009 <br />2023 <br />APPROVED AS TO FORM <br />AND LE L SU ENCY <br />BY <br />SUSAN J. PRAD <br />COUNTY ATTORNEY <br />Christopher H. Marine, Attorney In Fact <br />HUGH CORRIGAN, III, FAMILY LIMITED <br />PARTNERSHIP, LLLP, a Florida limited liability <br />limited partnership <br />By its: General Partner, Hugh Corrigan, III <br />Control Trust <br />By: <br />Christopher H. Marine, Attorney In Fact <br />Dated: <br />
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