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AGREEMENT TO PURCHASE AND SELL REAL ESTATE
BETWEEN
RICHARD AND MARYANN RENTSCHLER
AND
INDIAN RIVER COUNTY
THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( "Agreement" )
is made and entered into as of the 14th day of April 2009 , by and between
Indian River County , a political subdivision of the State of Florida ( "the County" ) , and
Richard and MaryAnn Rentschler ( " Sellers" ) , who agree as follows :
WHEREAS , Richard and MaryAnn Rentschler own a 2 acre parcel of property
located at 7595 85th Street in Vero Beach , Florida . A sketch and legal description of the
property is attached to this agreement as Exhibit "A" and incorporated by reference
herein ; and
WHEREAS , the County , is scheduled to expand CR 510 in the near future and
the road expansion will impact and affect the Sellers ' property ; and
WHEREAS , in order for the County to proceed with its road expansion plans , the
County needs to purchase property to be used as right-of-way from landowners
adjacent to CR 510 ; and
WHEREAS , the County has contacted Sellers and has offered to purchase a
0 . 126 acre parcel of property from Sellers to be used as right-of-way as depicted on
Exhibit " A" ( the Property ) ; and
WHEREAS , Sellers are represented by Raymer F . Maguire III of the law firm of
Fixel , Maguire & Willis , 1010 Executive Center Drive , Suite 121 , Orlando , Florida ; and
WHEREAS , the County is prepared to take the Property by using its power of
eminent domain ; and
WHEREAS , Sellers and the County wish to avoid the risk , time and expense of
litigation by entering into this agreement for sale and purchase of the Property ;
NOW , THEREFORE , in consideration of the mutual terms , conditions , promises ,
covenants and premises hereinafter , the County and Sellers agree as follows :
1 . Recitals . The above recitals are affirmed as being true and correct and are
incorporated herein
2 . Agreement to Purchase and Sell . Sellers hereby agree to sell to the County , and
the County hereby agrees to purchase from Sellers , upon the terms and conditions set
forth in this Agreement , that certain parcel of real property located on CR 510 , Vero
Page 1 of 7
Beach , Florida and more specifically described in the sketch and legal description
attached as Exhibit "A" , containing approximately 0 . 126 acre , and all improvements
thereon , together with all easements , rights and uses now or hereafter belonging
thereto ( collectively , the " Property" ) .
3 . Purchase Price , Effective Date . The Purchase Price ( " Purchase Price " ) of
$ 33 , 958 ( $ 111958 [0 . 126 acre parcel of land ] + $ 22 , 000 [ improvements and
damages/cost4o -cure value of fencing , trees and landscaping as established by a
limited scope appraisal prepared by All Real Estate Appraisals] _ $ 33 , 958 ) 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 .
4 . Title . Sellers shall convey marketable title to the Property by warranty deed free
of claims , liens , easements and encumbrances of record or known to Sellers except as
noted in Exhibit "A" ; 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 the County' s
intended use and development of the Property ( " Permitted Exceptions " ) .
4 . 1 The County may order an Ownership and Encumbrance Report or Title
Insurance Commitment with respect to the Property . The County shall within fifteen
( 15 ) days following the Effective Date of this Agreement deliver written notice to Sellers
of title defects . Title shall be deemed acceptable to the County if ( a ) the County fails to
deliver notice of defects within the time specified , or ( b ) the County delivers notice and
Sellers cure the defects within thirty ( 30 ) days from receipt of notice from the County of
title defects ( " Curative Period " ) . Sellers shall use their best efforts to cure the defects
within the Curative Period and if the title defects are not cured within the Curative
Period , the County shall have thirty ( 30 ) days from the end of the Curative Period to
elect , by written notice to Sellers , 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
ninety ( 90 ) days ; or ( iii ) accept title subject to existing defects and proceed to closing .
5 . Representations of the Sellers .
5 . 1 Sellers are indefeasibly seized of marketable , fee simple title to the Property , and
are the sole owners of and have 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 .
5 . 2 From and after the Effective Date of this Agreement , Sellers 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 .
Page 2 of 7
5 . 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 .
6 . Default .
6 . 1 In the event the County shall fail to perform any of its obligations hereunder , the
Sellers shall , at their sole option , be entitled to : ( i ) terminate this Agreement by written
notice delivered to the County at or prior to the Closing Date and thereupon neither the
Sellers nor any other person or party shall have any claim for specific performance ,
damages , or otherwise against the County ; or ( ii ) waive the County' s default and
proceed to Closing .
6 . 2 In the event the Sellers shall fail to perform any of their obligations hereunder,
the County shall , at its sole option , be entitled to : ( i ) terminate this Agreement by written
notice delivered to the Sellers at or prior to the Closing Date and thereupon neither the
County nor any other person or party shall have any claim for specific performance ,
damages or otherwise against the Sellers ; or ( ii ) obtain specific performance of the
terms and conditions hereof; or ( iii ) waive the Sellers ' default and proceed to Closing :
7 . Closing .
7 . 1 The closing of the transaction contemplated herein ( " Closing " and " Closing Date " )
shall take place within 45 days following the receipt of the Appraiser' s Final Report . The
parties agree that the Closing shall be as follows :
The Sellers 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 4 .
( b ) The Sellers shall have removed all of their personal property and equipment from
the Property and Sellers shall deliver possession of the Property to the County vacant
and in the same or better condition that existed at the Effective Date hereof.
( c ) If Sellers are obligated to discharge any encumbrances at or prior to Closing and
fail to do so , the County may use a portion of Purchase Price funds to satisfy the
encumbrances .
( d ) If the Sellers are a non - resident alien or foreign entity , Sellers shall deliver to the
County an affidavit , in a form acceptable to the County , certifying that the Sellers and
any interest holders are not subject to tax under the Foreign Investment and Real
Property Tax Act of 1980 .
( e ) The Sellers and the County shall each deliver to the other such other documents
or instruments as may reasonably be required to Close this transaction .
Page 3of7
8 . Taxes . 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 Sellers .
9 . Closing Costs ; Expenses , The County shall be responsible for preparation of all
Closing documents .
9 . 1 The County shall pay the following expenses at Closing :
901 . 1 The cost of recording the warranty deed and any release or satisfaction obtained
by Sellers pursuant to this Agreement .
9 . 1 . 2 Documentary Stamps required to be affixed to the warranty deed .
9 . 1 . 3 All costs and premiums for the owner' s marketability title insurance commitment
and policy , if any .
901 . 4 Appraisal costs incurred by Sellers of $ 1 , 500 . The costs shall be paid directly to
the appraisal firm .
9 . 1 . 5 Engineering costs incurred by Sellers of $ 1 , 139 . 25 . The costs shall be paid
directly to Morris Engineering , Inc . See attached Exhibit " B " .
9 . 1 . 6 Attorney' s fees and costs in the minimum amount of $4 , 000 .
9 . 2 Sellers shall pay the following expenses at or prior to Closing :
9 . 2 . 1 All costs necessary to cure title defect( s ) or encumbrances , other than the
Permitted Exceptions , and to satisfy or release of record all existing mortgages , liens or
encumbrances upon the Property .
10 . Miscellaneous .
10 . 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 .
10 . 2 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 Sellers 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 .
Page 4 of 7
10 . 3 Assiqnment and Binding Effect . Neither the County nor Sellers may assign their
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 .
10 . 4 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 Sellers : Richard and MaryAnn Rentschler
P . O . Box 700186
Wabasso , Florida 32790
If to Sellers ' s Attorney : Raymer F . Maguire III
Fixel , Maguire & Willis
1010 Executive Center Drive
Suite 121
Orlando , Florida 32803
If to County : Indian River County
1801 27th Street
Vero Beach , Florida 32960
Attn : Land Acquisition / Pamela Stewart
Either party may change the information above by giving written notice of such change
as provided in this paragraph .
10 . 5 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 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 .
10 . 6 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 .
10 . 7 Counterparts . This Agreement may be executed in two or more counterparts ,
each one of which shall constitute an original .
10 . 8 County Approval Required : This Agreement is subject to approval by the Indian
River County Board of County Commissioners as set forth in paragraph 2 .
Page 5 of 7
10 . 9 Beneficial Interest Disclosure : In the event Sellers are a partnership , limited
partnership , corporation , trust , or any form of representative capacity whatsoever for
others , Sellers 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 sale to the general public , is exempt from disclosure ; and where the
Sellers are a non - public entity , that Sellers are not required to disclose persons or
entities holding less than five ( 5 % ) percent of the beneficial interest in Sellers .
11 . Drivewav Connections : The driveway connection from CR 510 centered at about
Station 185 + 15 . 0 shall be 24 ' in width .
12 . Wye River Farms, Inc. This Agreement is based on Indian River County ' s project
specifications attached hereto as composite Exhibit " C" and as said plans relate to this
project and the remainder being implemented by the County . Accordingly , if the project
is not so implemented , Sellers shall have the same remedies as would have been
afforded to them had the case been resolved by verdict with said plans and
specifications having been made a part of the record at trial . Central & Southern Florida
Flood Control District v. Wye River Farms, Inc. , 297 So . 2d 323 ( Fla . 4th DCA 1974 ) ;
cert. denied 310 So . 2d 745 ( Fla . 1975 ) . This provision shall survive the closing .
13 . Lease- back : The County shall execute and deliver to Sellers a lease of the
Property at the Closing . The term of the lease shall begin the day of the Closing and
end thirty ( 30 ) days prior to the County' s start date on construction of the CR 510
improvement project in front of the Property , but in no event sooner than one ( 1 ) year
after the Closing . The lease payment shall be one dollar ( $ 1 . 00 ) per year.
IN WITNESS WHEREOF , the undersigned have executed this Agreement as of
the date first set forth above .
SELLERS : INDIAN RIVER COUNTY , FLORIDA
BOARD OF COUNZY COMMISSIONERS
7 _
F
ichard Rentschler Wesley S . avis , Chairman
Date Signed : J 3 Date Signed : Apfii
By :
MaryArdi Rentschler
Date Signed : 0
Page 6 of 7 r
Approved as to form and I" al sufficiency : Attest : J . K . Barton , Clerk
By
gillriam4K . eBraal Deputy Clerk
Deputy County Attorney Date Signed : Apri 1 14 , 2009
52-01 - 11 F20
Page 7 of 7
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PARCEL 4511 PARCEL Ili
31383600000100000003 . 1
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BEING A PARCEL OF LAND LYING IN THE NORTHWEST CORNER OF THE
WEST HALF OF THE NORTH " AST QUARTER OF THE NORTHEAST QUARTER OF
SEC " . ON 36 . TOWNSPIP 3 4 SOL H RaNOE 39 EAST . INDIAN RIVER
LND BEING 10P [: r• RTCUL AP : l ' DESCRIBED AS
Fi0LLONS :
�, 17N'? i E NC I N G AT THE NORTHEAST CORNER OF SECT ION 36 . TOWNS :'' i P .', 1
SOUTH . RANGE 38 EAST , THENCE ALONG THE NORTH LINE OF SAID
SECTION 36 . NORTH 89 ° 32 ' 15 " WEST A DISTANCE OF 1329 . 15 FEET TO
A POINT AT THE NORTHWEST CORNER OF THE NORTHEAST QUARTER OF
THE NORTHEAST 'QUARTER OF SECTICN 36 , TOWNSHIP 31 SOUTH . RANGE
38 EAST ( BEARINGS ARE 5ASED ON SAID NORTH LINE CF SECTION 36
AND ALL EITHER, BEARINGS SHOWN HEREON ARE RELATIVE THERETO !
THENCE SOUTH COO 11 ' 0O " A'CST , WITH THE WEST LINE OF SAID
NORTHEAST CUARTE7 r; r '� � %90 THEAS ' QUARTER OF SECTION 36 , .i
DISTANCE CF 40 . 00, FEET . TD A POINT ON THE SOUTH RIGHT OF WAY
L1NE OF WARASSO ROAD . AND THE POINT OF BEGINNING :
i
THENCE CONTiNU ' iNG +VITH SAD i_ iNL SOUTH 00 11 , 00 " WEST A
1 DIS - A�. NCE OF 18 . 00 FEET TO A FCIN , , THENCE SOUTH 89032 ' 15 "
EAS ' A CIST :; NCE OF 304 . 63 FEET TO A POINT ON THE WEST LINE j
OF 75TH COURT AS DELINEATED ON A PLAT OF SUBDIVISION ENTITLED
" CITRUS HIDEAWAY " AS RECORDED AMONG THE PUBLIC RECORDS OF
INDIAN RIVER COUNTY IN PLAT EOOK 10 AT PAGE 26 : THENCE NORTH
GC ° t104 ? " WEST , WITH SAID WEST LINE . A DISTANCE OF 18 . 00
FEET : THENCE WITH THE AFORMENT70NED SOUTH RIGHT OF 'WAY LINE
OF WABASSO ROAD NOR ' H 89 ° 32 ' 15 " ',VEST A DISTANCE OF 304 . 64 FEET �
TO THE ? DINT OF ° EG ; NNIWC :
j
EtJ . ! NING S '1 `i0) :iGlJA t !' EE ' R ! 26 . PES , Iqi.' E OR LESS *
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A , 6RE `4 1 AT IONS 6 LECE 'dD QTR C' UARTER
TWNSHP TOWNSHIP
T114 TRUSTEES OF THE
J P , O . B . POINT OF BEGINNINC . G INTERNAL IMPROVEMENT FUND
P . O . POINT OF COMMENCEMENT PG PAGE
O . R . E . OFFICIAL REC ^_ RO BOOK
EXIST . EISTING LT . LEFT
X
Sr C . SEC7ON NT RIGHT
3 BASE ''LINE SOFT . 50UARE FEET
FD FOUND
R ,' '>ti RIGHT OF WAY
PL POINT OF ( NiERSECTON ACS ACRES
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^ . R . .. OL! NI ROr.. D NO ? A. SJRVEY
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RIGHT OF WAY MAPPING '
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RIGHT OF WAY PARCEL SKETCH
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EXHIBIT
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DEARINGS SHNN HEREON ARE BASED
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RANGE 38 EAST . BEARS 569' 320150E AND NO CURVE Q p ;
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SEC . .35 3 . - 38
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! RICHARD 4 MARYAhJN RENTSCHLER ' '� "� `
11
ORD 1597 , PG 1941 o a) � n
3i 383G0000i) I OUG00003 . ! n I 30 ` ( PI 0 i w
SECTION 36 `^`-- Z1 1 NJ J
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TOWNSHIP 31 SOUTH
_ . n all ' tPa ' W 4 1 =
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RANGE 38 EASE
R
please make checks payable to:
Morris Engineering , Inc .
964 Lake Baldwin Lane , Suite 200
Orlando , FL 32814
407-893-6894
fax 407-893-6851
bill to:
Raymer F . Maguire III , Esquire
Fixel , Maguire & Willis
1010 Executive Center Drive
Suite 121 Invoice Date : 11 /21 /2008
Orlando , Florida 32803 Invoice Number : 01553H - 1
Invoice Amount Due :1 $ 11139 .25
JOB : Rentschler
CR 510
Engineering Analysis
Descri tion Hours Rate Fee Total
Principal ( DLM) 1 . 0 $210 . 00 $210 . 00 $210 . 00
Senior Engineer ( MH ) 5 . 0 $ 175 , 00 $875 . 00 $ 875 . 00
i
Subtotal $ 1 , 085 . 00
Expenses $54 . 25
Total Fee Due $ 1 , 139 . 25
See attachment for detail .
Payment is due upon settlement of compensation for subject parcel .
EXHIBIT
. .. IF J ., III _ .
Work Descriptions for Daniel L. Morris, P. E.
4553h
Job Name CR510, Rentschler
Date Hours Task Work Description
11 /1812006 1 .0 finalize engineering report
Total Hours: 1 . 0
i
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II
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Frid(np, Now►nber 21, 2008 Page I of I
Work f Descriptions or Michael Howel
p ' ler, PE
O1553H
Job Name CR 510 Presuit, Rentschler
Date Hours Task Work Description
11/4/2008 0 . 5 Preliminary Research , County Documents
11/5/2008 2 . 0 Review Report with DLM , Confirm Conclusions, Prepare
Engineering Brief for Client
I
11 / 5/2008 200 Research County Records , Review Construction Plans, Right-of-
Way Maps, Draft Brief for DLM Review
11/ 18/2008 0 . 5 Construction Plans for Purchase Agreement
i
Total Hours : 540
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Thursday, November 20, 2008 Page 1 of 1
3 :40:47 PM
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