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HomeMy WebLinkAbout2008-172AGREEMENTORIGINAL , PURCHASE ■ ' SELL ■ THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the day of May, 2008 by and between Indian River County, a political subdivision of the State of Florida ("County"), and Quang N. Nguyen and Le Thu Thi Tran, husband and wife, ("Seller"), who agrees as follows: 1. Agreement to Purchase and Sell and Grant. The Seller hereby agrees to sell to the County, and the County hereby agrees to purchase from Seller, upon the terms and conditions set forth in this Agreement, that certain parcel of real property located at 2005 55`h Avenue, Vero Beach, County of Indian River, State of Florida and more specifically described in Exhibit "A," containing approximately 968 square feet or 0.022 acres, $7,800.00 at $8.00 per sq. ft, plus a premium of $1170.00 totaling $8,970.00. Zoning is RS -6, and all improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto. 2. Purchase Price, Effective Date. The purchase price (the "Purchase Price") for the Property shall be Eight Thousand Nine Hundred Seventy and 00/100 Dollars ($ 8,970.00 . The Purchase Price shall be paid on the Closing Date. The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement, either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority. 3. Title. Seller shall convey marketable title to the Property by warranty deed free of claims, liens, easements and encumbrances of record or known to Seller; but subject to property taxes for the year of Closing and covenants, restrictions and public utility easements of record provided (a) there exists at Closing no violation of any of the foregoing; and (b) none of the foregoing prevents County's intended use and development of the Property. 3.2 County may order an Ownership and Encumbrance Report with respect to the Property. County shall, within thirty (30) days from receipt of the Ownership and Encumbrance Report, deliver written notice to Seller of title defects. Title shall be deemed acceptable to County if (a) County fails to deliver notice of defects within the time specified, or (b) County delivers notice and Seller cures the defects within thirty (30) days from receipt of notice from County of title defects ("Curative Period"). Seller shall use best efforts to cure the defects within the Curative Period and if the title defects are not cured within the Curative Period, County shall have thirty (30) days nom the end of the Curative Period to elect, by written notice to Seller, to: (i) to terminate this Agreement, whereupon shall be of no further force and effect, or (ii) extend the Curative Period for up to an additional 90 days; or (iii) accept title subject to existing defects and proceed to closing. Representations of the Seller. 4.1 Seller is indefeasibly seized of marketable, fee simple title to the Property, and is the sole owner of and has good right, title and authority to convey and transfer the Property, which is the subject matter of this Agreement, free and clear of all liens and encumbrances. 4.2 From and after the Effective Date of this Agreement, Seller shall take no action which would impair or otherwise affect title to any portion of the Property, and shall record no documents in the Public Records which would affect title to the Property, without the prior written consent of the County. 4.3 There are no existing or pending special assessments affecting the Property, which are or may be assessed by any governmental authority, water or sewer authority, school district, drainage district or any other special taxing district. Default. 5.1 In the event of a default by the County, the Seller shall be entitled, as its sole remedy hereunder, to terminate this Agreement. and neither the Seller nor any other person or party shall have any claim for specific performance, damages or otherwise against the County. 5.2 In the event the Seller shall fail to perform any of its obligations hereunder, the County shall be entitled to: (i) terminate this Agreement by written notice delivered to the Seller at or prior to the Closing Date, and pursue all remedies available hereunder and under applicable law; (ii) obtain specific performance of the terms and conditions hereof; or (iii) waive the Seller's default and proceed to Closing: Closing. 6.1 The closing of the transaction contemplated herein ("Closing" and "Closing Date") shall take place within 45 days following the Effective Date of this Agreement. The parties agree that the Closing shall be as follows: (a) The Seller shall execute and deliver to the County a warranty deed conveying marketable title to the Property, free and clear of all liens and encumbrances and in the condition required by paragraph 3. (b) The Seller shall have removed all of its personal property and equipment from the Property and Seller shall deliver possession of the Property to County vacant and in the same or better condition that existed at the Effective Date hereof. (c) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails to do so, County may use a portion of Purchase Price funds to satisfy the encumbrances. (d) The Seller shall deliver to the County an affidavit, in form acceptable to the County, certifying that the Seller is not a non-resident alien or foreign entity, such that the Seller and such interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980. (e) The Seller and the County shall each deliver to the other such other documents or instruments as may reasonably be required to Close this transaction. 7. Prorations. All taxes and special assessments which are a lien upon the property on or prior to the Closing Date (except current taxes which are not yet due and payable) shall be paid by the Seller. If the Closing Date occurs during the time interval commencing on November 2 and ending on December 31, Seller shall pay all current real estate taxes and special assessments levied against the Property, prorated based on the "due date" of such taxes established by the taxing authority havingjurisdiction over the Property. If the Closing Date occurs between January I and November 1, the Seller shall, in accordance with Florida Statutes Section 196.295, pay an amount equal to the current real estate taxes and assessments, prorated to the Closing Date. 8. Miscellaneous. 8.1 Controlling Law. This Agreement shall be construed and enforced in accordance with the laws of the State of Florida. Venue shall be in Indian River County for all state court matters, and in the Southern District of Florida for all federal court matters. 8.2 Conveyance in Lieu of Eminent Domain. It is understood by the parties that this contract is entered by SELLER under the threat and in lieu of condemnation. 8.3 Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral, between the Seller and the County relating to the subject matter hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties. 8.4 Assignment and Binding Effect. Neither County nor Seller may assign its rights and obligations under this Agreement without the prior written consent of the other party. The terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and their successors and assigns. 8.5 Notices. Any notice shall be deemed duly served if personally served or if mailed by certified mail, return receipt requested, or if sent via "overnight" courier service or facsimile transmission, as follows: If to Seller: Seller: Quang N. Nguyen and Le Thu Thi Tran Address: 6188 57h Court City, State, Zip: Vero Beach, FL 32967 If to County: Indian River County 1801 27h Street, Vero Beach, FL 32960 Attn: Robert Webb, Land Acquisition Specialist Either party may change the information above by giving written notice of such change as provided in this paragraph. 8.6 Survival and Benefit. Except as otherwise expressly provided herein, each agreement, representation or warranty made in this Agreement by or on behalf of either parry, or in any instruments delivered pursuant hereto or in connection herewith, shall survive the Closing Date and the consummation of the transaction provided for herein. The covenants, agreements and undertakings of each of the parties hereto are made solely for the benefit of, and may be relied on only by the other party hereto, its successors and assigns, and are not made for the benefit of, nor may they be relied upon, by any other person whatsoever. 8.7 Attorney's Fees and Costs. In any claim or controversy arising out of or relating to this Agreement, each party shall bear its own attorney's fees, costs and expenses. 8.8. Counterparts. This Agreement may be executed in two or more counterparts, each one of which shall constitute an original. 8.9. County Approval Required: This Agreement is subject to approval by the Indian River County Board of County Commissioners as set forth in paragraph 2. 8.10 Beneficial Interest Disclosure: In the event Seller is a partnership, limited partnership, corporation, trust, or any form of representative capacity whatsoever for others, Seller shall provide a fully completed, executed, and sworn beneficial interest disclosure statement in the form attached to this Agreement as an exhibit that complies with all of the provisions of Florida Statutes Section 286.23 prior to approval of this Agreement by the County. However, pursuant to Florida Statutes Section 286.23 (3)(a), the beneficial interest in any entity registered with the Federal Securities and Exchange Commission, or registered pursuant to Chapter 517, Florida Statutes, whose interest is for 3 sale to the general public, is exempt from disclosure; and where the Seller is a non-public entity, that Seller is not required to disclose persons or entities holding less than five (5%) percent of the beneficial interest in Seller. IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first set forth above. SELLER: Name: Quang N. Nguyen By: IL4 ?I Date Signed: D Name: Le Thu Thi Tran By: 015- Date 7`5Date Signed: W LA.,Uieyo� — ROW _39-04-00018-00")0-0001 1.0 0 INDIAN RIVER COUNTY, I'Ll OR.IDA BOARD OF COUNTYjQ MISSIONERS ancFra L.. Bowden, Chairman., Date Signed: WpLn 3, 2IX 8 ATTEST: J aaoiz. Clerk By �13eplutyClerk Date Signed: /,�' - �/ - 67(F River County' Admiiinni Date S14ned: 9Jig 90 Ap rov d as to f� and g iency: E Deputy County Attorney 0 60 120 LOT 8 Lor 6 SCALE AS SHOWN I LOT 9 LOT 9 L07 10 BLOCK 3 {l.l 5' UTIDT7 EASEMENT III 5' UTILITY EASEMENT II LOT 10 F.B. 2, PG. 76 �I P.B. t, PC. 3s 7 e Z � - � lil MARK ASHDOWN (TP,J 5 COT 12 LOT 71 3339040001700000GOOI.1 BLOCK 3 BLOCK 3 i Q SOUTH I OF DUANG N NGUYEN & LOT } I LE THU THI TRAM 10" _ RAMONA PARK SUBDIVISION v 33390400078000000011.0 F' P.B. 2, PG 76 MO PARKWAY e aq LOT 12 P.B. 1, PG. 39 PROPOSED RIGHT 7, _ I _ OF WAY f6IN r 33' EXISnNG NORTHERLY RICHT OF WAY UN£ 1' 68.35' 70. 26 1 76'1 ORIGINAL SOUTH LNE j- SOU7H UN£ OF TH£ OF LOTS 17 & 12 NORTHWEST OUART£R OF 50' STATE ROAD 60 s£cTON< 39 E I (20TH SOUTl, RANGEGE39 EASTT STREET) -- -- -- — LEGAL DESCRIPTION THE NORTH 7 FEET OF THE SOUTH 33 FEET OF LCT 12, BLOCK 3 AND THE NORTH 7 FEET OF THE SOUTH 33 FEET OF LOT 11, BLOCK 3, MORTIMER PARKWAY, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 1, PAGE 39, CF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA. THE ABOVE DESCRIBED PREMISES CONTAIN AN AREA OF 968 SQUARE FEET OR 0.022 ACRES, MORE OR LESS. SUBJECT TO ALL EASEMENTS, CONDITIONS AND RESTRICTIONS AS CONTAINED WITHIN THE CHAIN CF TITLE, LEGENDso — -� SECTION LINE PROPERTY LINE --� PROPOSED RIGHT OF WAY TAKING rw wmoo Moe o a,od a„emiMq w,P simea Of n» vro.-y _ — RIGHT OF WAY LINE e.�..piian"me m..'e.�m.�mmyPM Vmaa� eat Mot ...ea — — — — — — — — — — — EASEMENT LINE rn.0 br u. soden Bnvb of Prn,4vrcn” Lar rv...�,. n adPe« ErD17-E, n.,uo AMMWMMM EbM, rvMent ro 6«xe. AIZBz>, P.O.C. POINT OF COMMENCEMENT fAWle Stamm. And Moe PY me.PP & e MM too edm ata nmoeonfddm mo'oo' to uo bole.' my yn0.4e 0 and b0hof P.O.B. POINT OF BEGINNING UPAee to n°'o° d A.muen. AM Mm n..oen. " P.B. PLAT BOOK TaPU NA 6, PU N. 6175 PG. PAGE OAR"' O.R.B. OFFICIAL RECORDS BOOK NDr euro WNWT R SAVANBE AW W MONAL Rol E SLu (F WE n4koOA LACEN= SURYEIQP AND YAPPER ABOW.. AS RBIED Gm'e NCIH POs SKETCH OFand Associates, Inc'R' PEs © �»AL+�» Ap ARWA16 RdPROPOSED H7102AIM RIGHT OF WAY FOR PARCEL 1101OF1 mR M i1M1 RMW %6VWMHN] mu+..-+i'i Fg 9'il'11-"0 INDIAN RIVER COUNTY, FLORIDA f.. t.