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2025-227
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2025-227
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Last modified
10/27/2025 12:56:49 PM
Creation date
10/27/2025 12:55:32 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
10/07/2025
Control Number
2025-227
Agenda Item Number
13.H.2
Entity Name
Palm Bay Joan LLC by RJS Properties, Inc.
Subject
Commercial Contract for Sale Agreement for to purchase of 11.74 Acres Durrance Place site
through the Environmental Lands Acquisition Bond
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Addendum to Contract , Florida Realtors' <br />Addendum No. 1 to the Contract with the Effective Date of October 10, 2.025 between <br />and <br />Palm Bav Joan LLC BY RJS Properties, Inc. <br />INDIAN RIVER COUNTY <br />concerning the property described as: 9455 53rd Ave, Sebastian, FL 32958 <br />(Seller) <br />(Buyer) <br />(the "Contract"). Seller and Buyer make the following terms and conditions part of the Contract: <br />Tax Free Exchange. Both parties acknowledge that either party may utilize one or more exchanges pursuant to Section <br />-1031 of the Internal Revenue Code in the exchange of the Property and both parties agree to execute any documents or <br />instruments necessary to complete such a transaction, provided that: (a) the exchange does not delay the Closing under <br />this Agreement, (b) the non -exchanging party does not incur any additional liability as a result of its cooperation, and (c) <br />the non -exchanging parry is not required to enter into any contract to purchase any other property, or take title to any <br />property other than the Property. The party requesting the tax-free exchange will pay any and all additional fees <br />associated <br />with structuring the sale as a tax-free exchange. <br />Attest: Ryan L. Butler, Clerk of <br />Circuit Court and Comptroller <br />Seller: <br />APPROVED AS TO FORM <br />AND GA FFICIENCY <br />BY <br />CHRI O HER A. HICKS <br />ASSIST T C UNTY ATTORNEY <br />Date: <br />Date: <br />October 10, 2025 <br />Date: 9( Z S( Z b Z S <br />Date: <br />ACSP-4 Rev 6/17 02017 Ronde ReaRore" <br />SerfaW: 015291400175.7449870 Form <br />Simplicity <br />
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