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ORIGINAL AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 29th Day of September, 2005, by and between Byron H. Beatty, and Colene Beatty, correctly known as Colleen M. Beatty ("Seller") and Indian River County, a political s! !division of the State of Florida ("County"), who agree as follows: 1. Agreement to Purchase and Sell; Effective Date, The Seller hereby agrees to sell to the County, and the County hereby agrees to purchase from Seller, upon the terms and conditions cct forth in Chic Anraemant that rortain ra l nrnnortv riascriharl nn Pyhihi c "A" attarharl her Pto and incorporated by this reference (Parcels 7, 12 and 12A), and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "ROW Property"). The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement, either by approval by the nc'an River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority. 2. Purchase Price, Effective Date. The purchase price (the "Purchase Price") for the ROW Property shall be Two Hundred Fifty-ThreeThousand Eight -Hundred and 00/100 Dollars ($253,800.00). The Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement by approval by the Indian River County Board of County Commissioners at a formai meeting of such Board. The necessary 4.23 acres of right-of-way, Zoned A-1, Agriculture, with a Land Use Classification of AG -1, 1 unit per 5 acre and located outside of the Urban Service Area shall be purchased at a r,rirn r%f (zC,n Onn nor acro Tho nrnnnSnrl Rr)�,/,,/ inrli lHinn leiatnr rntantiron amounts to a total of VI Lw. vI Wvv� vv V. I vI v. I I Iv VI v�.v vv I %. n Iv .,x..,111y vv%d%% I I v vI ILI � � .... � �..�.� �.... %W .,. . L%011 4.23 acres. 4.23 acres @ $60,000 per acre = $253,800.00. (See Item 2.1 (d) below). 2.1 The following are additional understandings and agreements of t.h.c, p)?rhes: (a) The County or its contractor will move forward as soon as practicable to commence and complete the two-lane paving of 66th Avenue between 4th Street and State Road 60. It is anticipated as of the time of execution of this Agreement that 66th Avenue paving will commence with 24 months. (b) Drainage restoration and site improvements (paving) to the benefit of the property owners, related to the 66th Avenue Project, as depicted on the plans will he completed at no expense to the property owners. (c) The Agreement is subject to the granting, by the seller, of blanket 10 -foot temporary construction easements along the construction corridor. 11 FAEngineering\RonC\Word Docs\Colene and byron agmt.doc1/18/05