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2008-297
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2008-297
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Last modified
4/11/2016 1:38:03 PM
Creation date
10/1/2015 12:37:26 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/16/2008
Control Number
2008-297
Agenda Item Number
13.A.
Entity Name
Del Lago Inc.
Subject
Developer's Agreement Race Trac Right of Way
Area
CR 512 between 108th Avenue and 107th Ct.
Supplemental fields
SmeadsoftID
7580
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11 . 2 Developer shall pay the following expenses at or prior to Closing : <br /> 11 . 2 . 1 Documentary Stamps required to be affixed to the warranty deed . <br /> 11 .2 . 2 All costs and premiums for the owner' s marketability title insurance commitment <br /> and policy, if any. <br /> 11 . 2 . 3 All costs necessary to cure title defect(s) or encumbrances to the extent set forth <br /> in paragraph 6 . 1 of this Agreement, other than the Permitted Exceptions , and to satisfy or <br /> release of record all existing mortgages or liens upon the ROW Property, <br /> 11 . 3 The Developer and county shall each pay their own attorneys' fees . <br /> 12 . Miscellaneous . <br /> 12 . 1 Controlling Law, This Agreement shall be construed and enforced in accordance with <br /> the laws of the State of Florida . Venue shall be in Indian River County for all state court <br /> matters , and in the Southern District of Florida for all federal court matters . <br /> 1202 Condemnation . In the event that all or any part of the ROW Property shall be acquired <br /> or condemned for any public or quasi-public use or purpose, or if any acquisition or <br /> condemnation proceedings shall be threatened or begun prior to the Closing of this transaction , <br /> County shall have the option to either terminate this Agreement, and the obligations of all <br /> parties hereunder shall cease , or to proceed , subject to all other terms , covenants , conditions , <br /> representations and warranties of this Agreement, to the closing of the transaction <br /> contemplated hereby and receive title to the ROW Property; receiving , however, any and all <br /> damages , awards or other compensation arising from or attributable to such acquisition or <br /> condemnation proceedings . County shall have the right to participate in any such proceedings . <br /> 12 . 3 Entire Agreement, This Agreement constitutes the entire agreement between the parties <br /> with respect to this transaction and supersedes all prior agreements , written or oral , between <br /> the Developer and the County relating to the subject matter hereof. Any modification or <br /> amendment to this Agreement shall be effective only if in writing and executed by each of the <br /> parties . <br /> 12 . 4 Assignment and Binding Effect. Neither County nor Developer may assign its rights <br /> and obligations under this Agreement without the prior written consent of the other party, and <br /> attempted assignment shall be null and void ; provided , however, Developer may assign its right <br /> hereunder to an entity wholly controlled by Developer' s shareholders if such entity acquires the <br /> R-O-W property. The terms hereof shall be binding upon and shall inure to the benefit of the <br /> parties hereto and their successors and assigns. <br /> 12 . 5 Notices . Any notice shall be deemed duly served if personally served or if mailed by <br /> certified mail , return receipt requested , or is sent via "overnight ' courier service or facsimile <br /> transmission , as follows : <br /> If to Developer: Del Lago , Inc. <br /> Attn : Matt Shook <br /> 3131 Maple Drive N . E . <br /> Atlanta , GA 30305 <br /> Facsimile : <br /> 4 <br />
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