HomeMy WebLinkAbout2018-172FIRST ADDENDUM TO AMEND
AGREEMENT
BETWEEN
INDIAN RIVER COUNTY, FLORIDA AND
REDEVGROUP, INC.
THIS FIRST ADDENDUM is made and entered into this 11 day of sepember,
2018, by and between Indian River County, Florida, a political subdivision of the State of
Florida, 1801 27th Street, Vero Beach, FL 32960, ("County"), and REDEVGROUP, INC., a
Florida Profit Corporation, 1826 US Highway 1, Vero Beach, FL 32960 ("Developer").
WITNESSETH
WHEREAS, County and Developer entered into an Agreement dated June 12, 2018,
("Agreement"), and
WHEREAS, County and Developer desire to amend the Agreement as described herein;
NOW, THEREFORE, for in consideration of the mutual promises and covenants
contained herein, the sufficiency of which is hereby acknowledged, County and Developer
hereby agree as follows:
1. The foregoing recitals are incorporated as if fully restated herein.
2. Section 2 of the Agreement is hereby amended to read in its entirety:
On or before December 20, 2018, Developer shall cause to be conveyed to the
County title to one of the following described properties; free and clear of all
liens, save property taxes and assessments which are not due:
Option 1: "The Alice Siew Property", See Exhibit "A", attached
hereto and made a part hereof
Option 2: "The Kinner Property", See Exhibit `B" attached hereto
and made a part hereof, together with $291,819.00.
Option 3: That portion of the Alice Siew Property shown and
described on Exhibit "C-1" attached hereto and made a part hereof.
Simultaneously, Developer shall convey to the Indian River Land Trust
the Kinner Property described above, subject to a conservation easement
in favor of Indian River County over the western portion of the Kinner
Property; as shown on Exhibit "C-2".
3. Except as amended or restated by this Addendum, the Agreement and all of its
terms and conditions remains in full force and effect.
REDEVGROUP, INC.,
a Florida Profit Corporation
By:
Print Name:
Its:
WITNESS:
WITNESS:
(Corporate seal is acceptable in place
of witnesses)
2
y �pAtMi S
,• COJ •. J"
BOARD OF COUNTY COMMI *'
INDIA IV R COUN� , ]PLO
By:
Print Name: Peter D "B3g3gfR C01 .
Its: Chairman
BCC Approved: September 11. 2018
Attest Jeffrey R. Smith, Clerk of Court
and
By:
Deputy Clerk
Name:
(Approved as to Form and Legal Sufficiency)
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