HomeMy WebLinkAbout2020-011A TRUE COPY
CERTIFICATION ON LAST PAGE
J,R. SMITH, CLERK
AGREEMENT TO PURCHASE AND SELL REAL ESTATE
BETWEEN INDIAN RIVER COUNTY
AND
BALQUEES, LLC
THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is
made and entered into as of the 21 day of January, 2020, by and between Indian River
County, a political subdivision of the State of Florida ("the County"), and Balquees, LLC, a
Florida limited liability company ("the Seller) who agree as follows:
WHEREAS, the County is purchasing right-of-way and stormwater treatment pond
sites for future reconstruction of 45th Street between 43rd Avenue and 58th Avenue; and
WHEREAS, Seller owns property located at 4710 45th Street, Vero Beach, Florida
32967 (Property). A legal description of the property is attached to this agreement as
Exhibit "A" and incorporated by reference herein; and
WHEREAS in order to proceed with reconstruction plans, the County needs to
purchase the Property to be used as right-of-way, stormwater treatment and flood plain
compensation; and
WHEREAS, the County contacted the Seller to purchase the parcel of approximately
459,558 square feet or 10.55 acres of property as depicted on Exhibit "A", and
WHEREAS, the County is currently purchasing property/right-of-way from willing
sellers: and
NOW, THEREFORE, in consideration of the mutual terms, conditions, promises,
covenants and premises hereinafter, the COUNTY and SELLER 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. 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 4710 45th Street, Vero
Beach, Florida and more specifically described in the legal description attached as Exhibit
"A", fee simple, containing approximately 10.55 acres, all improvements thereon, together
with all easements, rights and uses now or hereafter belonging thereto (collectively, the
"Property").
2.1 Purchase Price, Effective Date. The purchase price ("Purchase Price") for the
Property shall be $474,750.00 (Four Hundred Seventy -Four Thousand Seven Hundred
Fifty and 00/100 Dollars). 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.
A TRUE COPY
CERTIFICATION ON LAST PAGE
J,R. SMITH, CLERK
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the
date first set forth above.
INDIAN RIVER COUNTY, F
BOARD OF COUNTY COO
Su%'an Adgms, Chairman
���' � o h i n n'� s s�o�✓ ..
7 LQUEES, LLC
$t1! a+lorida Limited Liability Company
y .. '.•iinar D. Hussamy, Managing Member
'9��'fR COUNT:•"•
..
/17 _�% 2Approved b BCC January 21, 2020 Date l 1
ATTEST:
Jeffrey R. Smith, Clerk of Court and
Comptroller
By:
Deputylrrerk
Appr
( A,
Jason If. Brown, County Administrator
Approved as to Form and egal Sufficiency:
& " 6_� 14 �
William K. DeBraal, Deputy County Attorney
EXHIBIT "A"
INDIAN RIVER FARMS CO SUB PBS 2-12 E 10.55 A OF TR 15 (OR BK 424 P - P 72)
LESS R/W PER OR BK 69 PG 515
Commonly known as: 4710 45th Street, Vero Beach, FL 32967
Parcel ID Number: 32-39-21-00001-0150-00002.0
C,RIDA
;,;`iEFi COUNTY
" I ') CERTIFY THAT THIS IS j
A t: L;E ,a -ND CORRECT COPY OF
? '• ti (?.3NAL ON FILE IN THIS
0FFi'E.
y JE1 FREY R. SMITH ERK
ti i5'0014 A-