2007-183 - Laserfiche WebLink

Home Browse Search

03/ 29/ 2087 13 : 52 7725694317 CDATTV PAGE 03 NOW THEREFORE, in consideration of the mutual benefits to be derived from joint participation and other good and sufficient consideration, the parties agree to the following: 1 . The recitals set forth above are true and correct and are deemed incorporated herein. 2 . Stormwater Retention Parcel and 20th Avenue Right-of-Way . By a standard commercially• reasonable contract for sale and purcbase 5epefa4e doetueat, the SCHOOL DISTRICT will convey to the COUNTY a 153•• acre parcel of property located at the southwest comer of the SCHOOL DISTRICT property and a 32 foot strip of property running parallel to 20th Avenue . A sketch and legal description of the 1 . 53L acre parcel of property is attached to this agreement as Exhibit B and a sketch and legal description of the 32 foot strip property is attached to this agreement as Exhibit C and both exhibits are incorporated by reference here in. The COUNTY shall obtain an appraisal of the parcels of property and provide the SCHOOL DISTRICT with a copy of same upon receipt. The purchase price for the parcels of propertv will be the anpraisal price or the offer price of 5387 ,000 which ever is greater. The appraisal shall be performed by a Florida licensed appraiser. The COUNTY will construct at its sole expcnse, a 185 ' x 360' (approximate) stormwater retention pond and outfall structure to the sub-lateral canal of sufficient size to treat stormwater runoff from the expanded Oslo Road. The COUNTY shall size the outfall pipe to accommodate the SCHOOL DISTRICT potential needs for future pond enlargement. Any soil excavated in constructing the pond shall be the property of the COUNTY for use in their road construction project. The COUNTY shall erect a fence surrounding the retention area that may be moved (subject to County permitting requirements) if the SCHOOL DISTRICT improves their property. Any surveying, permits , title work, recording fees or other costs associated with the conveyance shall be home by the COUNTY. The SCHOOL DISTRICT agrees to provide the COUNTY with any existing legal descriptions or surveys upon request by the COUNTY. A sketch of the property to be conveyed is attached to this agreement as Exhibit B and incorporated by reference here in. 3 . Expansion of Retention Pond. Should the SCHOOL DISTRICT decide to expand or relocate the retention pond due to improvement of their property, the SCHOOL DISTRICT shall design a combined retention pond that meets the stormwater needs of both the SCHOOL DISTRICT and the COUNTY . The combined pond shall be designed to have no adverse impacts on the Oslo Road drainage. The COUNTY shall have the right to review and approve of the design of any pond expansion. Any expansion or relocation of the retention pond shall be at the SCHOOL DISTRICT' S sole expense. 4. Temporary Construction Easementt While the COUNTY is obtaining the appraisal and preparing the necessary documents for closing on the properties and so that the County can continue 2