2008-108 - Laserfiche WebLink

Home Browse Search

=1D EXHIBI AGREEMENT FOR EXCHANGE AND SALE OF REAL PROPERTY AND SETTLEMENT AGREEMENT THIS AGREEMENT for exchange and sale of real property and settlement agreement (hereinafter called ("Agreement") , is made and entered into as of this 13t day of 11 & -CK._ 2008, by and between J. PAT CORRIGAN FAMILY LIMITED PARTNERSHIP, a Florida Limited Partnership, and HUGH CORRIGAN, III, FAMILY LINIITED PARTNERSHIP, a Florida Limited Partnership, whose mailing address is 7150 20TH Street, Suite E, Vera Beach, Florida 32966 (hereinafter referred to as "Corrigan" or "Seller" of Parcel 1 as hereinafter defined, and `Buyer" of Parcel 2 as hereinafter defined), and ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373 of the Florida Statutes, whose mailing address is Post Office Box 1429, Palatka, Florida, 32178-1429 (hereinafter referred to as the "District" or `Buyer" of Parcel 1 as hereinafter defined and "Seller" of Parcel 2 as hereinafter defined) . WITNESSETH THAT WHEREAS, Corrigan is the owner of the fee simple title to certain real property situate in Indian River County, Florida, as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as "Parcel 1 "); and WHEREAS , the District is the owner of the fee simple title to certain real property situate in Indian River County, Florida, and as more particularly described in Exhibit "B" attached hereto and by this reference made a part hereof (hereinafter referred to as "Parcel 2"); and WHEREAS, the terms Parcel 1 and Parcel 2 are hereinafter cumulatively referred to as "the Property , and the terms Buyer and Seller shall hereinafter refer to both parties as Buyer and Seller of their respective parcel unless such party is specifically identified otherwise; and WHEREAS, the District is a public body existing under Chapter 373 of the Florida Statutes; and WHEREAS , Corrigan and the District entered into an "Agreement for Exchange of Real Property and Settlement Agreement" dated September 13 , 2007 (the "September 2007 Agreement"); and WHEREAS , since entering into the September 2007 Agreement, circumstances involving the sale and exchange of lands pursuant to said agreement have changed, such that Seller and Buyer seek to effect a novation of the September 2007 Agreement, rescinding said agreement in toto and replacing the September 2007 Agreement with this Agreement; and WHEREAS, Corrigan has agreed to convey Parcel 1 to the District in exchange for Parcel 2, and the District has agreed to convey Parcel 2 to 1 443