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HomeMy WebLinkAbout2007-342 t } k AGREEMENT TO PURCHASE AND SELL REAL ESTATE THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made and entered into as of the 24th day of August, 2007 by and between Paul C . Redstone and Joyce M. Redstone, his wife, ("Sellers") and Indian River County, a political subdivision of the State of Florida ("County"), who agree as follows : 1 . Agreement to Purchase and Sell. 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 806 43 `d Avenue, Vero Beach, County of Indian River, State of Florida and more specifically described in Exhibit "A, " containing approximately 5 ,213 square feet or 0 . 12 acres, more or less. All conditions previously agreed upon at the time of purchase of right-of-way on May 18 , 1999 (See attached Indian River County Board of County Commissioners approved Contract for Sale and Purchase) and all other improvements thereon, together with all easements, rights and uses now or hereafter belonging thereto (collectively, the "Property") . 2 . Purchase Price, Effective Date. The purchase price (the "Purchase Price") for the Property shall be Twenty Thousand Eight Hundred Fifty -Two Dollars & 00/ 100 ($20, 852 . 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 (3 0) 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 from 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. 4 . 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 E\Engineering\Robert WebbA43rd ave .capitalA43rd AveA43rd Ave -Land AcquisitionAParccl 146 Redstone Paul C and Joyce M\Purchase Agreement. Redstone.0824.07.doe 1 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. 5 . 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 : 6 . 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 . Pro-rations. 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 having jurisdiction over the Property. If the Closing Date occurs between January 1 and November 15 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 .0 Miscellaneous . 8 . 1 Controlling Law. This Agreement shall be construed and enforced in accordance with the F:\Engineering\Robert Webb\43rd ave .capital\43rd Ave\43rd Ave Land Acquisition\Parcel 146—Redstone Paul C and Joyce M\Purchase Agreemenl.Redstone. 08 .24 .07.doc 2 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 Condemnation. In the event that all or any part of the Property shall be acquired or condemned for any public or quasi-public use or purpose, or if any acquisition or condemnation proceedings shall be threatened or begun prior to the Closing of this transaction, County shall have the option to either terminate this Agreement, and the obligations of all parties hereunder shall cease, or to proceed, subject to all other terms, covenants, conditions, representations and warranties of this Agreement, to the Closing of the transaction contemplated hereby and receive title to the Property; receiving, however, any and all damages, awards or other compensation arising from or attributable to such acquisition or condemnation proceedings. County shall have the right to participate in any such proceedings . 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, as follows : If to Seller: Paul C. & Joyce M. Redstone 80643 ni Avenue Vero Beach, Florida 32960 If to County: Indian River County 1841 27rh Street, Vero Beach, FL 32960 Attn: _Bob Webb Land Acquisition_ 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 party, 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 parry 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 . F\Engineering\Robert Webb\43rd ave . capital\43rd Ave\43rd Ave Land Acquisition\Parcel 146 Redstone Paul C and Joyce MVPurchase Agreement.Redstone.08. 24. 07 .doc 3 8 . 9 . County pproval Required : This Agreement is subject to approval by Indian River County 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 swom 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 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 . SELLERS : INDIAN RIVER COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS au C. Redstone By : Date Signed : Gary C: eeler, Chairman Date Signed : ' . '1 � cI Jo,yte M'. Redstone Date Signed : 10/ 10 167 ATTEST : J .K. Bart n, CI rk Date Signed : ' 07 4 /1 Deputy Clerk Approved : B Jryed nty A ministrator Aas to Form an e 1SB County At omey FAEngineering\Robert Webb\43rd ave .capital\43rd Ave\43rd Ave_Land Acquisition\Parcel 146 Redstone Paul C and Joyce M\Purchase Agreement.Redstone. 0824 .07.doc 4 CONTRACT FOR SALE AND PURCHASE FLORIDA ASSOCIATION OF REALTORS AND THF FLORIDA BAR PARTIES: - — _ Paau7. ("Seller") of _ . ,- $06 _ N`l R° AVf4GYFE. pero�� h 81 {,�Q 329fiO (Phone) (5611 5¢7_9.263 , a"d . Indi4rt. 15i93L C2Vfaty ;_Do11ti 1 nhdigi i��_thftt__Atftte n£ FloriddA__ ("Bayer'), of 1840 2$th Street . Vero Eea�la_ B'�pSj,daL�Z9¢y_ Meet) __(�5§] �r67_ BOl)O busby apaeWd faster shall sell and Buyer shall bay the fellowing Real Property'and Personal Property (co8ediuell "Property+') upon thew Ilowinglerms and conditions, which INCLUDE Standards for Real Esse Transactions ('Slandard(s)') on the reverse aide or eOadsed hardo mid riders and addenda to this Coedited for Sale and Pufdeie("COnhad!). L DESCRIPTION: (a) Lugs) desaiplien of Real Property located in __1➢at�.nn Rdver County_ fbauty, Harida: _ See-legs-1 di eactrip Jop_$xk}ip,1 y_A_A,1•_t;plt�d�hn�eko and rllade a na t h _ __ __— -- -_ _ . — (11) shred addreaa, day. fir, OfamPropertyis: . 43rd Avenue_ richt=Rf._vwrCDd4nty_fieei7r_Np .._96O1 , _ pure__st . No . . 146 containing 2,_k5_Q. SF P 61 . 00/Ror Sr S3 96r�Oi_Zlght-oY-wav flsncLp2ztiaDl�_ (c) Per N-Sa m e771fif�1'1/6C!.:� � N,itS F1 T r_x;�I_iPAFN COAGPENSf 1�iNRK T,fF Sag�I_� CoG ,HWS 0 MO t �fa�HRct°..FEN�/{y, AT TfM OF APaixr_>" CM/Sn.p(/Crr 4N BL/ A6�.4-5 T PkOl 2 YWO A(Ac rS NE DF THEc<Sq,K[ B- AfJ/2s7+ LF THE A gr&JR&ual S p JM E ST" f3CLFbSED SLdKriAGK AGON6 93 a"AUE+Y(lZ E OF Z'f •, To_3o" Ni6H R'AN�. Ya"APAEi; /P41ZTa Cu eat6U fCwT OF CWSMIC17ZW SEZG MAY MOI!S lriE WRCozzsaeNS 7° 7!>E /1EM.Is�✓OE,¢' F/Ri�x'ry R. "RaDasnpBrCE /.T.2G'dL �FFEat'S6._GC.LS.ErlCTY/Ez�jLEEA..TI/AT..711E..OrIIYfN'AY S_ 7. 9_I10 . 00 . PAYh1EN'f: rf.✓NK o.Y as/c¢ He /Z a tNGairOrN AW5 FacazG�S T ;cffQli A CLW - (a) Depvsitheldin escrow6y CJr OF Ar LEiiSr 3S� l4rMA ) mthe arnaun( of........................ $ __ _ Q_ (b) Addition at marany deposit Wthin _ days after Effective Date (e defne ph 111) in the amount of , .._..._._ S9 (c) Subject to AND assumption ofnearpr in pod stand"mgin faveroT having an appromre rnetepsenl principal bdwmof............. ...... . $ (d) Rudmae money modgage and nota (xe eddrmdum) bs theemount of .... ..... ....__. ..._......... __............... __... ..........._. S D (e) Mid: S If) (B9danceloeose byU.S. ends, LOCALLY DRAR'Wart.Bedorrsshiels ...edcorlhvdpert( loco, subjeattondjuslrc�eds - - - and Pronliona ...... ........_..___........ ........................ $ ......_........._. ......................__.._........................... ...... X900 . 09 _ PTENJE FOR CCRIPT CE OR OiTE ; EFTE VISDAM To JNOmh Ifthis EQ Cp/INlYFeALAPPROUfLa EI.EXECUTION hi OFpEemn the CTIV'EDATbefore RIO.E: Ifthu olFerunolemMedbywdll.deliveredayer' a11 parties OR FAC OF or mid TIONmhhmerman. o dated Conte lhapadiveonobe elle a do . tithe Rove will, eflarhiq ,ipedlbibeffe, Ad to lhhye cobs WiavR Wtharaun. Thadda of CoeGadpOlfedlve Ode") fill bl purp se Wawthelnd one ofthe lhhyer wit Sellerhm sighed Ihis after. A f.+aimilc copy oflhi.+ Contra¢ and enysg�aturea M1ereon droll bemnsidered for all purposes ere originals. Of. FINANCING: (a) Ifthe purchase prim or any part ofit isto befmanced by a third-party loan, (his Confined is mndfioned on Buyer obwminga written m mhinnsht mPohin says after Effective Date for (CHECK ONLY ONE): ❑ afixed; 0 am adjustable; or [] a flue! cr adjndible rate loan hfor Un: pfindpol w anuntofs , at an innialinlvcat rale not to armed %, diamnntmdodgnhatinnfeesnottoexmed _ % of the principal amount, end a term of years. Huver adll make application within days after Fffedive Date and use masonable diligence to obtain Ihelorm mrmNmhrnt and Wereafter, m satisfy thelemry and mnd'dious ofthe mrmniunhat and dose Ole loan. Dun? shall pay all loan eapmms. R Rover fails to obtain the whmdumht or failsto liaive Buyer's rialds under this subparegmph within the tiro for obtainbtg a momitined or, after diligent effort, fails to meet the teens and conditions of the mnannmwf, than eitherparty theremem, by waivan notice to the other, maycanml this Contras and Buyer shallbe refunded thedet it(sy Or (b) The existing mortgage described in Pamgeph ll(j abovehas(CHECKONLY ONE): ❑ n variable interest nue; or ❑ o fixed nnemd rale of 'S per annum AttbnecftaletrmnRr someRmd mterestrates are subjmto increase. If increased, Lmrste dial] not exceed ^% per annum Sello- shell, .vilhin days after ElCative Date, furnish a datamrmt Rom each matgapye difingprincipal balance, method ofpmmmt, interest rate and status of mortgage. IfBuyerhas aNeed to assume amortgean Whish requite approval of Buyer bythe mortgagee for essuhrption, firm Du_ver shall prohtq<lyobtain tM1e necessary appliation end diligently mhsplde and vadum R[o Ohs rraartgagec. Any hsmrtgagee dmrge(s)nnt to exceeds shall be paid byBuyer ifBuye isnotamptedbymodFWCorllherequiremenifor assumption transit in aomrdance with the terms ofthis Cmdrad or mortgagee makes a sharp in assess ofthe dated amount, Seller or Buyer oev rescind th is ConlradhywrRdrm notice to One other party odmeseilher eleds m pnyMa increase in interest rate or exam mortgagee dmrgea. V. TITLEEVIDENCE. At lead days before dosingdale, but no earlier than days oder SeOu remitesmt(an nolifia(ion WatBuyu has obbibedtheloan manhilnant or bean approved farthe low assurplion asprovided in PmagraphslV(s) and (b), shove, or, ifappliable, waived the fman- cingrequirements, (CIF.CKONLY ONE): [] Seller shall, at Seller's apwae, deliver be Day" or Buyer's attorney, or Boyer shelldMiyeh's espense oU[nin , in accordance uStandard ixmpOons) and, a@erdosingAan, osm�er' abdrad oftitle; ormtife mpslidedas usianm. Vl. Q.OSHeC DATE: Thistransaction shall be dosed and the deed and father dnsingpapem delivered on orba£orq 60 d3yr2 unless m sited byoWnrprovisionaorthis Contra] Fp?116/ "E/fECTs Ic z9ATE " ( .5fE=) VIL RESTRICTIONS; EASEMENTS; LEvIlTATIONS; Bnperdmll taketAIC V1bjedto: mnprebahsive handsome plans, mnmg restrictions, prohibitions Mid other require nets hipf oscd by governmental authority, man idlers and outlets appearing on the plc or Othcif ise mnmson to the subdivision; public utility mormahts of record (eascntmL are to be IomIW contiguomlo Real Property limes and notorere than 10 feet in width as to the rear or Ever lines and 21r 2 red in Width aslo the side lines, ander alhendaeemerd heaaM); [axes for year ofeesing and subsegnwd years; rimmed mcalle as and random money mortgages, if any, ({(other Mature, see Pai ngraplh XV);provided, tnatthere cents at dosiegno violation of We Removing mrd none oflhemprevenL use of Of. Property for VOL 007nPANCY: Seller overseas That there are no parties in omhpnngot er lean Seller; but, ifPropertyis hfanded N be failed of oaopiel beyond dosing the fad and terms thereof shall be dated herein and fmlmant(s) or rompers diseased purm setto Standard F. Seller Aall deliver owhpancy of property at time ofdosingunleas otherwise stated herein. If competency ism he delivered before dosing player aswmes all risk oflossto Property Eon, date of owpanry, shall be resyorsihle and liable for nomtehance Rom that date, and shall be deemed to haves(led Propedyin its exbMigmnditiun as oftinw of taking omrpaaqunless otherwise dated harem. DL I'YPER'RII"IEN OR HANDWRITTEN PROVISIONS: TWef+itfen or handwrinm provisions, riders and addendashall control allpriated provisions oNhis Cmhtract in mn0ict with Otero %, RIDERS: (Cf�CRlhase riders whidi are appdable AND ere atladhed to lhiaConOad): (a) E] COASTALC'OMPOUCTIONCONTROLLBdE (a) [] INSULATION (b) ❑ CONDOAONHIM (B ❑ "ASIS' In L FOREIONINNESTWNTINRF.AL PROPERTY TAX AC'f (g) [] HOMEOWNERS' ASSOCIATIONDISCLOSURE (d) ❑ VVFHA (h) ❑ RESIMNfIALLFAD-BASEDHAZARODISCLOSURE FNdI13AR4 Revised IV95 (C) 1994, Florida Association ofReafiors(R) P.O. ldos725025 Orlando, Florida 32M-5025 All RIphb Reserved Page 1 ofy This form is limnaal f r use by1SCi-h1e111ider Pblivhing yu) 54G6353 XL ASSIGNABILITY: (CHECK ONLY ONE): Buyer ❑ may assip antithetically be released Rom any furtherliabilkv on der this Contrad; [] movvssigh butnotbe relmsed Rom liability under this Canted; orm tmynot assign Otis Contract. XII. DISCLOSURES: (q Radon u e naturallyomnring rediondive gas Member amnmufi kd in sbuilding in mffidmt gnantiticsmvy presmtheahh risks to persons who are extraction hover then Levels ofredon that named federal and itigaidelines havelown found in bulldingsin Florida. Additiomlmfanniti eAregardmg Radon or Radontedingmvybeobtamed Rantyom Count)'Public Health unit (b) Buyer mayhave determined the merely efficimry ralingofthe imidmtial building ifeny is located on lire Renl Property. (c) trdhe Real Property induces pre-1978residentinl housing if an Paragraph X (h) ix rmndatnry =- MAXAfUAJJUU` IR COSTS: Seller dnellnotbu responsible for lire paynrcnt o[mns in excess of: (a) s __ . . .HLA . fruearment nndrepnir ander Siondard D (ifblank dim 2% onhe Purchase Prim). (b) SH/�- forrepair and replamrnmt unda $[mdard N(ifblmkthm3°/A afthe Purdram Price). XIV. SPBCLIL CI.AUSFS: If additional spam isrequirul, much addendum and CHECK IIERE 0 . THIS IS UNTENDED i0 BBA LFCALLY BINUUBG CONTRACT'. IF NOT FULLY UNOBRSTOOD, SERB TREAD VICE OF AN ATTORNEY PRIOR TO SIGNING. TIRS FORM HAS BEEN APPROV ED BY TRE FLORIDA ASSOCIATION OF REV S(yRS AND LBIP FI ORIDA BAR. .APP' do . narmnalf r . ranopyrooe rhormp= of befires malocirdirrons in 0USCOnoOlicid aaeud b) N y act rnaporn sur srwaoalon. Tel h do" dloo r gnliered Jd uyon the eryem brerern o61 n nand dung ypn.etti of (r M ar plr ( YcT1 tCevneth R . Maoht (Da ) 46) Pavl 0. Redst� (D te) Social Seankym Tar. l-D. 8 Chairman . �� Social Stamrky or Tum 1. D. N (&Iyer) William M . Fapier ( . rte) (Seller) Q e M . Reds n® (Der) Social Semrilyar 'faxi.D. A _ FLt4iht-,�E-doay8 t_ Soda] Seavity nr Tax 1.D. 9 Deposit under Paragraph 11 (a) received; IP OTHER THAN CASH, THEN SUBJECT TO CLEARANCE. _ - (Escrow Agent) BROKER'S FEE: the brokers named below, including lisfngand moperatmgbrokern, areWe onlybrokers entidedto mhrpmsation in connection with this Cantrad: New Listing Hecker - Cooperating Broker; ffnny SI'ANDARDS FOR REALFSTATETRANSACTION.S' A_ Bride ur nftYtlee( 1) An aimed oDiRr prep Ared o. bmuBrt nurmt hyo r Pnlnblc :cad cxi tin gnhaied (Inca (ileus exid'mgthnh certified as carred by nn rvnhhg fires, pvrporteh goo be an accurate synapsis ofthe eusrumrnta ad netgtalca• the Real Propertvremrded s We Fu M1licrrmrds ofthc county vdarein lire Real Property, is Incased tb loughFifedive Date. It shell mmmmm with the eaHitea publicremrds. or such later date as may be ohsomaq in the musty. Upon dosing ofthis Contra¢. the ab3rad sir all bemnrt Bre property offhrer. mhledlothe riil�nolrmatim Mel first mortgnpe until fidivp aid. (2) Alitle liveiranic mmkm mentweled byallorida licensed tnleinmrerngeeingmisxie fAlyer, npnn recordill g oftlre deed to Buyer, an owner's poncyof title insurance oh lieanu lofdie purdh ase price, insuringrWycr'tittle to the Rea l Property, subicd only to lies, rnmmbreums, exapbona oh if a Iifi©lion a provided 41 th in Contract and thosem bedisdlarged by Seller a( or before dosing Seller shall mrwymarketable We Alibied onlyto limn, eleason. ms, exceptions or gpmlifimb ionsprovided in ThisContra¢ Markdable LilleshallbeddenNned amndingtooppli®ble 'fille Standardsadoplydtryauthorkyof wool, Florida Bar and u fcail- mhmwill law. Dnyorshill halm 3o days, ifabaled, or5days, iftitlrmwrdtmmt, bomdate ofiemiongevidrnm Oftdleto examined. Iftille is found defedhe, Buya shall within 3 dayrthmeafta, volify Seller in wrd'mgspecifyiagthe dcfed(s). Udendrs)rmda tiel Immarkelable, Seller will hove 3o days Rom remipt of notion o rnroscethe defects, filmg% hidh Buyer shell, wNtin five (5) days after expiration of Me thirty(M) day period, deliver wainm notion m Seller ether ( I) esterding thetins far a reasonable period not to exmcd 120 days Acrel wluidu Seller shall uu diligent effort. to remove We deeds; or hq a quesibeg a refile d of deposit(s)paid whidn shall be bheh¢disely re umed to Buyer. IfHuyer failsm so notify Sella, Boyer ball be deemed to hove a�pted the Idle as it Ihrn is. Seller shall. iftitle is found uoimrketable, use diligent effort to correct def¢(e) ever in the tine provided therefor. IfSdicr is onoblerri tinxlymne¢W e defects, Bea sheirldhervelvethedefeds, orrcmivea refund of depood(s), thereby releasin g Buyer and Seller frons all turbot obligation under this Contred. D. Fradnx Money Mortgage; Real AgrekrrenMO Better. A purchase money tortgpge and morl note to Sella all all provide for a 304aygramperiodin fie even[ afdefutt tfa fns mortgage and a 154ayleampaiod ifs second or lesser mortshall Provide for right ofprepnyment in whole or in part without peaRy, shall permit vlelerstion in event oftrvtsfer offle Real Propertg do all require an prior lies and mmmbr.nmsto he kept in pod mall ingand forbid modifications ofor future advmas hinder prior mortpage(s); shall require Buyer to maintain Policies of in anma centaur mg a standard mortgagee clause calla all inpmvemmta lomtedres theReel Property figend fee and all pails hrdudedvadlhlnthetmm "e tended mhaage mdoramhrnti' md mail Other risks end perils as Sella may reason able require, in an amount egvalto theirsigns mmrable value; and themortgage, note and security agreement shall be otherwise in fans and mntmt required by Seller; but Sege maynnlyreqube causes and coverage mtumarily found in mustangs, mortgage notes and security selections gmenllyutilisdbyleAingsandlom inadlrtions or state ornetiooai bens, lomicdm fie mvntywhercm Ilse Real Properly is located. All Personal Property mud leases being conveyed or east will, at Seller's option, b asubjed to the lin of a aumrity agreement esidrnmd by recorded Rnansvhgsstcmmte. 71 a balloon msrtgep, the fmalpaymmt will exceed the periodiepaymmlathereon. C Survey: @ryes, ABuyer 5expehse, within time allowed to deliver evidmmoflNe old b ccanrine same, mays avethe Real PropenysurveyM and mrtiSed by am®rteril Florid a surveyor. Ifthe ninnydisdowomvoadhmms on the Real Property orthrtirhpmvemrnts locatedtherein manadh On setback lines, ea hmL, lands ofnthmsor aosmanyrestridions, Confadm'eall or applicable governmental replatien. lie came shall mntimteatkleddea. se D. Temitea: Buyer, at Buyer's eTmm, wehin We time allowed to deliver aadenm ofldle, nnyhnve the Property inspedml by a Florida Certified Pest Control Operator ("Opemmr) to Metal iflhefe is nay alible active, tamne inf snfun or viziblc dnm,gc bear termite in!minon in the properly. Tr1ither or both a re fund, Box dull hone allays brim date Of written notion lhereofv.idin Iludl to hove¢wt (iftreurnmt. if required. estimated by the Operator and all carom it slmdeJ and a4taled by a licensed builder orgy l motredoc Seller shall payvalid costs oftremnhmt :cad repab ofall damageupto Bae amohmt prolidedm Paragraph XIII(v), ffestimated mils exmcd that amount Buyer shall howthe option of eenmtlngthis Contra¢ within 5 days after remipt of contractor's repair estimate by gjvingwrruen notimoo Senate or Buyer mayeledm proceed wilt the Iranmdion, and receive a credo A dosin goo We amount prndnlcd in Paragraph XID(n). 'Termitm"dials he deemed In indode nil hood demoyingorgonimu regnircd to he roporiM boder tic I'loridn Pew Control Ad, as Amended. E ingaasand Rgrem: Scller warrants and represents Wal th ere 'sieges" caul egrcectu the Rae Propertvsngidrnt for its intended useas deseibed in Parmarrh VII baso[ Water which is in aan.dma. with Standard A- F E Lenses Seller shall, not lessthm 15 days before dosing bullish Oe Bax copies ofali wrinm leases and estoppel lance from oadh truant spcdfyingthe carte and duration ofWetahmfs Occupancy, rental rates, advanced ret end security deposits paid bytment If Seller is unable to obtain such I Iter Rom each (enact, the seine infrmdion shall befumiahed by S=Ilmte Buys wiWra flartimeperiodin We formofa Seller's affhdavil, and Buyer cosy Wereeflermniad tmenstn confirm Audi inf rmation. Seilershall, at dosing deliver and assign all original leases to Buyer. O. Deme Sella Mallfmiah to num a itimeofdosingan afbdv i[attertmgto Ue absence, unlessoWewleoprovided for barrel, ofany fmmhwg Antenart, dahm Of fire orpotmtial liohors known to Seller and further aueetingthat therchave bcm no iruprovemdhs orrepair.s to the Real Propertyfr 9Rdays marred- iamlyprcadmgdeleOfdosing Ifthe Real Properyfasbem ihhprmed or repnved wiWN Wattinc, Seller shall deliver rclassial waive of concoodinn liens executed by all general dentradors, sdbwntreaora, suppliaa and meterialmeh in Addition to Sellar's lin alRdnvk witiu gbotlh the n aches ofall Nora Vierra con - tradars, subcontractors, suppliers mad meetiaium, frtha of imaingthat all dmrpsfor inpravnhhehls ongpairs wb idh could serve as a basis for a mnmedion lin or a dnimfn. rdamges havcbem paid oraaili bepaid ntWc dwsgrfthis Canvad: R flea ofCh lug: Closing shall behald 'mthe countywhecha Bre Real Property is traded a ffic nffimo[theaLLOmey or Older dosingagent designetel by Seller. FAR/ BAR4Revised IV95 (C) 1994, Florida Association ofReakon(R) P.O_ BoxT15o25Orlando. Florida 329n 5025 All Rio," Reserved Pme2ofI This term is licensed borrow by ISCr-McNiiaer Publishing d?I.5d6G355 L Thule: In mhipubng tioun Pu ods of[cgs User six (6) days, Sat ird a}s. Sundays an d Ante or if dine A I kg^I holidays or all be cxdoded. Anytime Periods p rovidcd for herein which di all cared on a Saturday, Sunday, at n kgni he l id oy ch nil catrnd to 51W p.m afthe net business day. Timo is of die evenm in this Ccnhe2 3 Daeute b fcrQosirip Seller shall famish the deed, bill alibis, mnsW cion fico alEdmmil, motor's forsasion alfrdavir, "d9amrnb of lama, tan ant an d Mr- tgallmA oppellehcrs and Ord"m iye inslrumen t, B6yershell fumish dosingsratcrnrnl, mnrt6 gin, nortenev n etc, semrily Agreement And faun on g natonamr,. K Expemu: Doatmmfnry dnnps on the deed and heard in g of correction instructions di all be Paid by Seiler. Decontrol neaps and ;TIhU gi6k taxon thcpuc these mon ry, nrorlgagr and anymrtgnge usumed, aid remrdin gorpvrdiax nm,vy me rti gra to Seller, deed And Gnmi dngnAremmnbsh Ali be paid by the BalUnless onconde prodded bylawer rid of to thin GcmrnC, charges for at a folloningrclmem d title sovicen family Ole or Thorned of title examinaii"n, aid amtemmtvid dosiiigfeq shall be paid by no party reason sible for famish treat a title evidence. in aimrannmaith Paragraph V. L Pmngom; Qedlb: 7exen, uxwhrcnb, rmt. inherit, inmrencemid all or alarmism; ofthe frog Arty du all be prorated thrpugle rhe day before dosing Buyer shall havethe option ofoking over eidrtingpolidu ofmsurmm, if vssumahk, blwhidi cyan premium= shail he prorated. Cash at dnsingdiall bei,¢nsed or de- me escd asmayberequ 'vedbyproradonato beormde throve (hyprior to dosing oremrpanryiforxupnnryom:ra before dosing Advmmrantmdsemrnydap- willbeom (altayer. Lv Busowdepnsits held bymortgureewill be credited to Seller. Taxes zhari hepmuted eased on thcmnanryear's Tax vial lave alto,=- esivarm made for maximum allowable disco rn(I homestead and oW v exceptions. Rdosing stars ai a date ohm Vi a auction yeer'a millage h not fixed and central Year's wenmmt Is available, taxes will be prontad besind upon suds Asesmncnt and prior year's millege. If meant year's encssmant ion of available Ulm oxer will he prorated on prior yeefslues Ifihmm eere rrpiroed Improvements on Th a Real Property by January In of year ofd dull Affidi brproverrrmu vettenol 'eh Aldermaston January Idefpriar }a^r, Ulm meet shallbeprer^kd bnaedmon prior yen's milinge Anent nn c4hirnble naxexvmenunbe ngccd oxen bdwem aha Paribas; filingWddi , requeAd+ellbemndelothe County Property cr for . inter APprni mai ice cnttaklnt roto annum Available cxcapfic . Aejoi; Zion baaedon anedimaie died, At requcrtefredAnd ratified Apollo? rponre¢iprorrnxbill Dat=tend"pian Ontn srntcmanito that eArciienigmdret diving rA- !a1 Spednl AnAevmen LLlw: LLrtiGcd, confirmed and mfipcd sPmnl nstzsmrnl lima as of Jath: aftl^sin g(rro! ata ofF@dive Datc) ere to he gaud ny seller. Pmdinglimse.m(d.tenfdwing shall be assumed by Bryan IClhe ihmrovlfroof has horn snhAnnrinliymnyldcd azorE&.dive Date, avypondingllen chribe mnaideredmrtified, mnfurmcdorratified and Sellershall, ddosing bnd)argcdm amwnr- nFreln nc� laaanimateorasscssmml for the inprnvmnter Ven publicbody. N. hupeabn, Rcpnlrnrhd ACdnrcnnn¢: gdlcr warners Wat as of 1U days grior to dosing me roiling rcof(indht iinglhc f moa and mots) and crterier ape 'n_ terlonalls, foundation, aenwalls (lir equivnlant) anddoduga do nmhayt myvildic Bidvrce or ,cok=, vnmrdanogaarstrudural danugeaade Ai Vie acstir. tankpool, ell Appliance, mefi anima ilme, baalino muting dedniml, nl.rmb: � . ,uAnAthh belim ledtam tnmgedG.dcan fez 00,era :e To rodded in on nddmdun mnatm ter pin aA'orkirhg Gnrlition. Then forcgoing .arrenay dial, iidnal ycdnliangvi home ' diona md� holdin sBaycr ray, n; "hhyc%a c.Irrn so have msecafonerrradeefV+osertems6yafrmoimd- B dill mcaspc Ran omurafion ai rimose for Audi pop Gae (If ionic if AT) or byte Appropriddy l l¢nsed Flo rida men Alan . yet priori" Bhy^r'ae hpnnryorrat Informal lOAnppriortn losing wlridheevotc..A Fact, report ifnvriGngm Sella Aldi iremuldi, nm teed tha rbo+e atsnderdensle defem. Unless Bayer timely reports sudr defeat, Buyer dr all be inclined TO noised Seller's nannmia ns to delineator reported, Ifre- pe'vsor rcple¢mrntare requ'vedm mrhplywidu this Standard, Seller shall case Theatre be made and ah,d pnyup to the amount provided in Poragiaph %111(6). Redactional minimalist maks repairs or rcpla¢srurntn oft msmaien a¢ne unless Dosed by n decd Seller is renponsibk to repair er rtpla¢. If ac mg for s di repair or replacement exceed.¢ the amount provided in Psmgaph Xlll(b), Hu}er or Stitt nrayelca lopngsudi excess, filingi%hich cinfrpartyneyvm mlflob limbed. If Salim is unable to mired the defeat prior m eosin g the mathmmfah Ali be paid him ummv d dosing Stitt th ell, upon reasonable notice, provide utildboi service and acnes to th a Property for inspections, indudia g awalk4hrough prior to Ill to mn9rmal ell Rear of Person If Prapcityerean rhGReal Prop a y and, rubfedlolhe foregoing that all requhedrspaha and rtgi122mvhb hayebem made and that Use Properly, indud'mgbutnarlimitedto, lean, shmb- bcry and pool, Hmy, has beat maintained in the mndidon eadeling as of Effedivet Date, ordinary safer and tear excepted. O. Risk OfLau: Ifthe Prof ertyis damaged byfire or oUt er usoaky before dosing and cert of renonlicn dice nal cx¢cd7 eofthe assessed y-alua:io5 oftbe Property co damaged, mailrenorntion diallbem o6iigelion ofthe Seller any dosingdaail primed pncvuait to the terms ofUiis CntadviW renoretien mors escrowed al dosing Ifthis ari of restoration exmci s 3% afthe assessed valuation of die Prop city so lanyard. Buyer dials h ase Ure option ore6An taking Ube Property u b, tagethmuith either tha 39e ar Any msuran¢pro¢edspeyahIn by sirtna off"du loss or d A Surge, or of ion of g th is Cliff front and remivin fired for aftlpery Ps, h. R Pmmeds ofSeder (losing Pricif : 4m deed All a 11 In e recorded up on carmen a fun di, IlanAhalf lid of runic has bam firm ith ed, eviction cit fi f title sh all be ion Lin To ed at physics call case to all one the be Bayer, with cut my an mmbran me or Of An gin %dh Ido vmuld render Sell cola Car on marketable from ITT In dare cftha lest hid an an AIH do rN gp rocif shall beheld U emit b y Sol ler'a Ant m Ay G r ad r Cr maw A fly emeh In escrow ago 't for a period or If of am To than S der aRim dos ung date. If Sellars title is rim derail on markafeb To. Of pili no fault of Beyer, Buyer shall, oder in rhe 5d ay period, notify Sella in writer g o fare dolmd and Set ler dr ell InAm JU can from d ate of receipt ora dh notifimGon to core ilia dered. Irselim Rolla to timely at to rhe ached. ATI deposit(¢) and do tin gran ds AAI I, up ori ywhlan dAmend by Buyer and vim in 5 days After danwn d. be rdam ed to Buyer and, state hell ca u dy with so nil rep nymant Bhyar All All Idem tha Person a Prop. If "rate then Real Prop Arty and recon Tey the Property to Seller by sg<dnI we Treaty deed an a bill of tet-. If Buyer to it to make timely d omen d nor torn d. Do yen All All take title as h. waivin g a it rights Agra asst Seller as to nil for in lerven Ing dared ex¢pi es may be avail All lam Buyer by virtue of warrenliu ion to in cd in the deed or of bill Trials, Iraa p notion a fill e p urds sac p rim Is to 6 e d stilled local in IT hIf A l Finn o"g o r r c rill n,,do g regoi iso(lhc lrndi hmienivn n.n ao ince, nY pr m oanceodag end or dixbnnemrntar^honNrgegm¢cJs zh All mob of over mntrzr cma ng p tuna require ham Urelledinginatiwtion a cannon mnmuUr ldsat it will not sithlmld dishursenw+l efmmnatio =ccers As A eoded.er ytide duet h nurdmueno Buyamartggor. The esaaw end dosingproccdure required by this Slandnrd Arcata waived if rh $fhbtlef agmt�m sures edvasc m}ettl�c telae ert m mbie to 6]7 96d1, F.S., es nmmdcd, pursuanLLn Section Q. Esvoa: Any ¢Paw egml ("Agmf7 rc¢i ung f oda ar equivvlmr is eumodmJ mrd ngnccs sy aozginarx ofWcm to deposit them pro et;ly, holds ,c in ser end, mbjetztoAre,¢, urflid sethemmmm�rdanm withlnrm vid , is cc ensoClhiz Gntrnd. Pslareoffhnda ro dear du i ,ore moon, wits do uhr unto AgsIAant 3 lif to liabilities nndaith all ro vis ions oCmi� Co nom. nrvWTr ^ eBurom1 peinit �n GlUm pnrGo hcrdo Tgrcc ions diAlnrrs<rnarht my, i1 Itt f grate ogrnr.. control,tertn hold monehjma maumr nrn,a Agmtnuydgiosnsanrc tvNi the dark oDhe drif ter evil lunjndgv"hcntcdiTufain� l Poo,ra11man egall a�o" nlhnuddcnrune Uh MITrrhegertlm, or s ohaingjvihdir my hemcdimhnc. Uponnordo ut allPonies mn¢rricdarealvire" , dl liabilitygent Ure partof Agent shell fvllytemdn Ate, except tithe exirnt ofpaountingfor any denspreiouslyddivemd ail o(esvon'. 1!v liaised rent Atone brokmq Agent will co piyaiU+ proof Sierra arch npter 475, F.fl , as man ded. Anym 't berween Buyer and Seller wbereur Agent is ma de Apally btezute ofming As Agnt hereunder, or P an any An Rashcrds Agent battlefields me subjed mantes(rheesaow, AgentshN ionsimrrmson nblc allomeJsfees and costs incurred with these emounom thereby from And out orthe avowed Ponds arequivalCmtrad shithead and awarded no court cons in livor oftht PecOilingparty, Pia Ametsodlnor be linblcto enyperyor person for nrisdeliverylo Buyerer Seller ofitehru subjeafo Ain esvovv, unless sudr nusdelivery indite to avihful bracer o6hepraisions afUhis Cam Under gnvnegliganmef pgert. RAffilif 4 Feel; Cebu, Any litigation, indud'ougbreech, eSformnimtor bechpreralion, nmhg oatfirthis Carf the preirdingp rty in such hOgntia,, uhidh, for purposes ofthis Sterst Unit include Sella, Buyer and enybrokcrs ndi"g in seem arhh nagrnryrdvtiondrige auaroriadby Chapter tis, F.S. , is mended, dullbemtdledto recover loom thenospnvailingpadyrermire, enuomrys Rens, teas 1114 Tom " S. Fapvseo[Perfomm�¢sif Buyer faiblopoRmanthis Canbaa within Ure time apedGce . lnduci pvymtnfof^U deposits, ale aaposit(sJ paid b}' Du Buyer end dryoa"Iforeedto basals, maybe recovered and Troubled bynnd it am Anent arsenic, A, moced upon ligvidmcd damn c madder (his Cgnbnd and In Rill mtlm+rnt prnoy dninm ..hcreupahh , ❑u Ya and $dlcrdrnllLc nlicavrl afrli nLli g " axion far the mudion or may proared in egehylo enforce Seller's rims under ih isGntrsd. Plan any reason other man failure cdSdhrtotmaknS nines or $encr, atacefter'sligit eBorl, Seller faib, nepJeda or rePomn topmform UiisGnbey tb< Buya ¢ seek . Ikr'atRk nurkrobleafterdiliganl without therebyweivingery Mind for danugesresultingGom Seller's broadr. y sedfeperrorman¢ or tied w rencive the recum or Buyer's depoah(s) T. Oinure anhad Not Remrdeblu Persona Bound; Notlre: Neither this Contrad nor Any notice alit tenth he recorded in any publieremrda. tin ie Gnbea zhall b 'vhd mdmSi,de lyrni-V t morticfffic ertiwand Weirtussmrs in interest. 0.hmma themnteHpcmiil., .singular .<rill include p,unai And megande dirt indede Alts Noti¢ goya by Sell r al all con n vicy tyror yrlap irtyffinll he ae ePeei,e en ifgivrn byar m unet "ny. U. Cnveyma: Seller droll convey brie to iheRul Propcayby nebnoryavarnnty, Uunce's, person nl rcpresmmtive'x or guardian'¢ deed, as vppmpriarem the GamsofSella, subjeadnlyto matters main(Ain bi Paragraph VII had U+ose olheroise model dby Buyer. Person d Property shall, altheraryeanfthc Buyer be tranaf ed by in absolute bill ofsale with narrmly o(tille; Nbjed onlyte such mnhers as n,ay be o:bcnim prodded far herein . V. Ober Agreement: No prior or present agecmmte or try resentaliona sir All be bindingupon Buyer or Seller unless in dudcd m this Crict No madiLotim to or dime{ Innis C nbad shall he valid orbindlngupen rhepartiesurims in o'nitaIgnadecolocclIndbythnforeyor V. warranty: Seller warrannthnl Were are to fads Amown to Seller marcrelly dbdbr g m e vAhm critic e Pmpc ty uh id: o htn Te re i ily nhson able b sintOrdod to be bound y Pr mbidrhave "m6erndisdagmIm Buyer. ° y ycr or TheFlorid. Auoriarien oflimikorsand total Board/ Aasodario o(Real(n :akt , anyprovisianafdrisfean ;n - aa ^ +n rgrmsmam:un nom rhe legvl .nlidiry "redequrel anyxp rAco hmmor 'f Tails Ann entire d form rhmddrim be umdh oliplex tons,armAoo with oaauVvc ridge or Additional. 'this form rs available for n Calm indnar arra < Cd to idaitifya 0m i se by tie minute real y not will REALTOional REALTon of ice AreTORSdmlledivenxmbledmoakUmt nrnybe used onlybyrnleaare 11®,seas wh a rramea�sn afrhe National al Allurn icor REAISion orb nk Some subhyaly ba ro urs Gee of Erni¢ Pm mpgid lens orlhc (Jailed Soons ( 17 U,S Cdc) forbid Uha un nut)mriad rryrodudion ofbinnkC my byany nxnhrx inducing ficin lc lir mnputcdaA Ihnm FARIBAR-4 IV95 Cpyrighd 1995, Florida Aaadnrion of Reahon(R) P,O. Box935(yt5 Orimdo, Florida 37M5C15 AJI Riess Remmoved Pngc3 o[ 3 This form is 6vased for use by1SO-MW Hach Publishing 30}5466355 T40 ' Scale: 1 " =80 ' f I in Lu W LEGAL DESCRIPTION The East 20 feet of the 'Nest 60 feet of the North "� N 100 Peet of the South 155 `est AND Q !, 17 The East 10 feet of the West 50. feet of the North 195 `set of the South 35C feet of Tract 13 , Section 10 , p ' Township 33 South , Rance 39 East , according to the rt- p last general plat of the lands of the Indian River Forms Company recorded in Plat Book 2 , Page 25 of the. Public Records of St . Lucie County, Florida . RI✓V amine Containing 3 , 950 square feet. l 40 ' Ii° ' 20 . 50' Now lying in Indian River County , Rance . -------- 35TH S 8STREET J — — — — SOD— — — — — action Line CERTIFICATION 3 I , Charles A. Cramer, hereby certify that I am a reaisiered Professional Surveyor and Mapper licensed to practice in the state of Florida , that this sketch was made under my immediate supervis'iy . on , and ;het it is accurate and correct . I further certify `n that this sketch meets the Minimum Technical standards as described in Chapter 6IC17 of the Florida Administrative Code , pursuant to F. S. Chapter 472 . THIS IS NOT A SURVEY SKETCH TO ACCOMPANY LEGAL DESCRIPTION PREPARED FOR INDIAN RIVER COUNTY ENGINEERING DEPARTMENT o Charles A. Cramer, P . S . M . Reg , X4094 1840 25th St , Vero Beach , FL 32960 Indian River County Surveyor (561 ) 567 - 8000 Date /,440. Z3177 < SKETCH AND DESCRIPTION 7I35 H, � I .Tgyy I m A O ,TJ � r I (- Z I 60' WEST EXTENSION OF THE I :T. NORTH R/W LINE OF 8TH STREET - - Pll""O� (. _ 6100' -� _ p SVl CORNER q�7 1310 D N 001903" f. (BEARING BASIS) - WEST R/W LINE WEST LINE TRACT 13,SECTION 10 -- -- ' - — - N 89 '36'27" W ...'.-• .MAW= PACE 2s of 10. 00' 2 43RD AVENUE 43RD AVENUE P. O. B.\ N 01 7800' L N 00'19'03" E 195. 00' _ _ — _ - (RICHT- OF_wnr vAPoEs) — - o - - _ _ o S 00'18'03" W 27000' — � S 89'36' 27" E 20. 00' o 0 o_ S 44'39'72 " E 35. 38' y I NORTH R/W LINE z BDi STREET ' � TRACT 13 (PLAT BOOK 2, PAGE 25) I z I � 33- 39- 10- 00001 - 0130 - 00003. 1 PAUL C. & JOYCE M. REDSTONE m Ini 806 43rd AVE. VERO BEACH , FL 32960 R/W PARCEL #146 \ I � (OFFICIAL RECORDS BOOK 1224, PAGE 2578) I \` SOUTH LINE OF SECTION 10 55_ SOUTH LINE OF TRACT 13 GRID NORT �_l LEGEND . SCALE. I "= 100' POINT OF BEGINNING c = Gof COMMENCEMENT R /W RIGHT- OF - WAY R/W PARCEL # 146 , SHEET 2 OF 2 R / = HT- _ I CARTER ASSOCIATES , INC PR OJ " 03 - 93E ( CONSULTING ENGINEERS AND LAND SURVEYORS 0837BA5 1708 21ST STREET 772 - 562 - 1464191 TEL NOT A FIELD SURVEY VERO BEACH, FLORIDA 32960 - 3472 772 - 562 - 7180 (FAX 2 Br 2 September 4, 2007 Board of County Commissioners 1840 25 `h Street Vero Beach, FL 32960 Re : 806 43d Avenue Vero Beach, FL Parcel ID No 33 -39- 10-00001 -0130-00003 . 1 Dear Commissioners, We received an agreement to purchase and sell Real Estate from the County dated August 24, 2007 for the county to purchase 5213 square feet or .0,12 acres of land fronting on 43`d. Avenue. I am in disagreement with the purchase price offered by the county of $ 15 , 639 . 00 or $3 .00 per square foot. Our counter offer which has been placed on the agreement and initialed. My counter is $5 .00 per square foot or $26,065 .00. The reasons for the counter offer is as follows : 1 . Your quotation of the price of $ 15 . 639 is not a far market value. I had an appraisal prepared in May 2007 which states it is valued at a greater price. 2 . 2 . The county purchased its first parcel for the 43 d Avenue project and stated as part of the agreement was placing 2 yard drains to drain our property of excess water. According to the drawings by the county I have only one drain as per the agreement. There is a 2nd drain placed on drawings by the county which I do not feel will drain the North property. Therefore the county did not live up to the agreement I signed on September 6, 2002 . Thank you for your consideration in this matter. Sincerely, Paul C . Redstone Jo Oe M. Redstone