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2023-225
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2023-225
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Last modified
11/2/2023 3:35:43 PM
Creation date
11/2/2023 3:34:36 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
10/03/2023
Control Number
2023-225
Agenda Item Number
8.N.
Entity Name
J. Pat Corrigan Family Limited Partnership
LLLP and Hugh Corrigan III & Family Limited Partnership, LLLP
Subject
Purchase of Basin 22 Mitigation Bank Credit Reservation &
Purchase Agreement for IRC Fire Station #7
Project Number
IRC-1911
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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 pol <br />of the-94att ofTlorida <br />By: <br />Dated: October 3, 202`T�•• <br />Attest: Ryan L. Butler, Clerk of <br />Circuit Court and Comptroller <br />Deputy Clerk <br />[9011.0000163/4360899/11 <br />Seller: <br />';J. Pat Corrigan Family Limited <br />33artnership, LLLP, a Florida limited <br />liability limited partnership <br />•;oQ;hy its: General Partner, The Corrigan Special <br />off+: Trust u/a/d December 30, 2009 <br />+out. . By: <br />Christopher H. Marine, Attorney In Fact <br />Hugh Corrigan, III, Family Limited Partnership, <br />LLLP, a Florida limited liability 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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