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<br /> THIS INSTRUMENT PREPARED BY MARIAN E . FELL
<br /> SENIOR ASSISTANT COUNTY ATTORNEY C 0
<br /> RETURN TO : COUNTY ATTORNEY' S OFFICE Py
<br /> Parcel ID Number : 31 - 37-00 - 00004-0080 - 00194 . 0
<br /> COUNTY DEED
<br /> THIS COUNTY DEED made and executed this 9th day of June , 2009 , by Indian River
<br /> County , a political subdivision of the State of Florida , whose mailing address is 1801 27th Street
<br />,
<br /> Vero Beach , FL 32960 , hereinafter called " Grantor" or "County" to Every Dream Has A Price , Inc . ,
<br /> a Florida Not-for- Profit corporation , whose address is 2179 10th Ave . , Vero Beach , FL 32960
<br /> hereinafter called " Grantee" :
<br /> WITNESSETH :
<br /> WHEREAS , Indian River County as Grantor , pursuant to the requirements of Section
<br /> 125 . 379 Florida Statutes , prepared a list of County-owned land appropriate for the provision
<br />of
<br /> affordable housing ; and
<br /> WHEREAS , Indian River County as Grantor , on June 19 , 2007 , following a duly noticed
<br /> public hearing , adopted Resolution 2007 - 068 , finding that certain County- owned parcels , as set
<br /> forth therein , were appropriate for the provision of affordable housing ; and
<br /> WHEREAS , Indian River County as Grantor agreed to donate the parcels to non - profit
<br /> housing organizations for the construction of homes and/or rental units for very- low- income and
<br /> low- income households ; and
<br /> WHEREAS , Grantee is a Florida non - profit corporation and a corporation organized
<br /> exclusively for charitable , religious , literary , scientific , and educational purposes as set forth in
<br /> section 501 ( c) ( 3 ) of the Internal Revenue Code of 1986 , as amended ("Section 501 ( c ) ( 3) Entity"
<br />) ,
<br /> and specifically organized for the purpose of building homes and/or rental units for verydow-
<br /> income and low- income households ; and
<br /> WHEREAS , Grantee has formally requested that Indian River County as Grantor donate
<br /> the land conveyed herein to Grantee for the construction of rental units for very- low- income and
<br /> low- income households ; and
<br /> WHEREAS , Grantee acknowledges and agrees that this Deed contains restrictive
<br /> covenants running with the land conveyed herein .
<br /> NOW THEREFORE , Grantor , for and in consideration of the sum of TEN AND NO/ 100
<br /> DOLLARS ( $ 10 . 00 ) , and other valuable consideration , receipt whereof is hereby acknowledged , by
<br /> these presents has granted , bargained , and sold to Grantee , its successors and assigns , forever,
<br /> the following described lands lying and being in Indian River County , Florida and more specifically
<br /> described in Exhibit A attached hereto and made a part hereof and hereinafter referenced as the
<br /> " Lot" :
<br /> SUBJECT TO restrictions , reservations , covenants and easements of record , if any , to the
<br /> extent that the same are valid and enforceable , and to taxes subsequent to December 31 , 2009 ,
<br /> and
<br /> SUBJECT TO that certain reversionary interest in the Grantor as set forth in paragraphs
<br /> 1 . 1 ; 3 . 1 ; and 9 . 1 ( a ) of that certain "AGREEMENT BETWEEN INDIAN RIVER COUNTY AND
<br /> EVERY DREAM HAS A PRICE , INC . FOR DONATION OF SURPLUS COUNTY OWNED LANDS "
<br /> by and between Grantor and Grantee (therein styled "Applicant" ) dated June 2 , 2009 , excerpts of
<br /> which are attached hereto and made a part hereof as Exhibit " B" , and a complete copy of which
<br /> is
<br /> on file with the office of the Clerk to the Indian River County Board of County Commissioners and
<br /> the Indian River County Community Development Department ; and
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