Laserfiche WebLink
i <br /> AGREEMENT TO PURCHASE AND SELDRI STATE <br /> THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement" ) is made <br /> and entered into as of the &X day of 2007 , by and between Indian River <br /> County, a political subdivision of the State of Florida ("County" ) , and William C . and Eva Z. <br /> Graves , IV , Husband and Wife , (" Sellers ") , who agree as follows : <br /> 1 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County, <br /> and the County hereby agrees to purchase from Seller, upon the terms and conditions set <br /> forth in this Agreement , that certain parcel of real property located at 66th Avenue north of <br /> 8`h Street, Vero Beach County of Indian River, State of Florida and more specifically <br /> described on Exhibit "A" attached and incorporated by this reference herein . The property <br /> consists of 144 , 710 . 00 square feet, containing approximately 3 . 32acres , and all <br /> improvements thereon , together with all easements , rights and uses now or hereafter <br /> belonging thereto (collectively, the "Property') . <br /> 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price") for the <br /> Property shall be $249 , 150 . 00 (two hundred forty nine thousand one hundred fifty dollars). <br /> The Purchase Price shall be paid on the Closing Date . The Effective Date of this <br /> Agreement shall be the date upon which the County shall have approved the execution of <br /> this Agreement, either by approval by the Indian River County Board of County <br /> Commissioners at a formal meeting of such Board or by the County Administrator pursuant <br /> to his delegated authority. <br /> 3 . Title . Seller shall convey marketable title to the Property by warranty deed free of <br /> claims , liens , easements and encumbrances of record or known to Seller; but subject to <br /> property taxes for the year of Closing and covenants , restrictions and public utility <br /> easements of record provided (a ) there exists at Closing no violation of any of the <br /> foregoing ; and (b ) none of the foregoing prevents County's intended use and development <br /> of the Property (" Permitted Exceptions " ) . <br /> 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance <br /> Commitment with respect to the Property. County shall within fifteen ( 15 ) days following <br /> the Effective Date of this Agreement deliver written notice to Seller of title defects . Title <br /> shall be deemed acceptable to County if (a ) County fails to deliver notice of defects within <br /> the time specified , or (b) County delivers notice and Seller cures the defects within thirty <br /> (30 ) days from receipt of notice from County of title defects ("Curative Period") . Seller shall <br /> use best efforts to cure the defects within the Curative Period and if the title defects are not <br /> cured within the Curative Period , County shall have thirty (30 ) days from the end of the <br /> Curative Period to elect, by written notice to Seller, to : (i ) to terminate this Agreement, <br /> whereupon shall be of no further force and effect , or ( ii ) extend the Curative Period for up <br /> to an additional 90 days ; or ( iii ) accept title subject to existing defects and proceed to <br /> closing . <br />