My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2025-255
CBCC
>
Official Documents
>
2020's
>
2025
>
2025-255
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/14/2025 11:45:31 AM
Creation date
11/14/2025 11:43:59 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/04/2025
Control Number
2025-255
Agenda Item Number
13.H.1.
Entity Name
Island Manor Development, LLC
Subject
Sale of Agreement for the Purchase of the 19.6 Acre Jungle Trail Island Club Manor Site
through the Environmental Lands Acquisition Bond
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ADDENDUM TO CONTRACT <br />THIS ADDENDUM TO CONTRACT dated this 4th day of R vomer , 2025, is <br />attached to and made a part of that certain Commercial Contract of even date herewith (the <br />"Contract") by and between INDIAN RIVER COUNTY, as "Buyer", and ISLAND MANOR <br />DEVELOPMENT, LLC, a Florida limited liability company, as "Seller In the event of any <br />conflict or inconsistency between the terms and provisions of the Contract and this Addendum to <br />Contract (the "Addendum"), the terms and provisions of this Addendum shall be construed to <br />control and prevail. Capitalized terms appearing in this Addendum shall have the same meaning <br />as said terms are given within the Contract. The Contract and this Addendum are hereinafter <br />sometimes collectively referred to as the "Agreement". <br />1. AMENDMENTS TO CONTRACT: The parties agree as follows: <br />a. The first sentence of Section 4(a) of the Contract is hereby <br />amended and restated as following: This transaction shall close within twenty (20) days <br />following expiration of the Due Diligence Period. <br />b. Section 4(b) of the Contract is hereby amended such that of the <br />Contract is hereby amended such that the parties hereby agree that this transaction shall be <br />closed in Indian River County or St. Lucie County, Florida at the law offices of Dean, Mead, <br />Minton & Moore (in such county), or as otherwise agreed upon between the parties and approved <br />by title agent. <br />C. The first paragraph in Section 6 of the Contract is hereby amended <br />such that Seller shall convey the Property to Buyer by a Special Warranty Deed. <br />d. Section 6(a) of the Contract is hereby amended to reflect that <br />Buyer has selected Dean, Mean, Minton & Moore to be the title agent and closing agent under <br />the contract ("Title Agent"). Title Agent shall obtain and deliver to Buyer (at Buyer's sole cost <br />and expense) a title commitment within fifteen (15) days of the Effective Date. The second and <br />third sentences of Section 6(a) of the Contract are hereby deleted and replaced with the <br />following: "In the event Seller has an owner's policy issued in the ten (10) years prior to the <br />Effective Date, it shall deliver the same to Buyer and Title Agent within five (5) days from the <br />Effective Date." <br />C. Section 6(c) of the Contract is hereby amended such that Buyer <br />and Seller agree that the only due diligence items in Seller's possession to be provided to Buyer <br />under this section are the following: <br />(i) Survey dated February 4, 2025 prepared by Indian River <br />Survey, Inc.; <br />(ii) Tortoise Survey dated May 2, 2023 prepared by Florida <br />Environmental Consulting, Inc; and <br />(iii) EIR and Tortoise Report dated May 11, 2023 prepared by <br />Florida Environmental Consulting, Inc. <br />5925513.v2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.