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HomeMy WebLinkAbout2003-302 INDIAN RIVER COUNTY , FLORIDA MEMORANDUM TO : Kim Massung Executive Aide FROM : Roland M . DeBlois , A, ICP Chief, Environmental Planning THROUGH : William G . Collins II tx� v Deputy County Attorney DATE : November 6 , 2003 SUBJECT : Request of Commission Chairman Execution of Option Agreement : ORCA South Link (Arendas) LAAC Site Attached is an "Option Agreement for Sale and Purchase " (one original plus a copy to serve as a second original for the seller) for Chairman Macht ' s signature relating to the ORCA South Link (Arendas) LAAC Site . The seller, Stella A . Arendas (Trustee), has already executed the Options Agreement . Please note that a number of lines are being deleted from the Option via pen strike-through, per County Attorney advisement Please have the Chairman initial these strike-through revisions, in addition to the signatures. On January 23 , 1996 , the Board of County Commissioners delegated authority to the Board Chairman to execute option agreements (see attached resolution) . It is important to note that the Board's January 1996 delegation of authority to the Board Chairman to sign option agreements was done so because of State (and County Environmental Lands Program Guide) confidentiality requirements . The procedure is such that once the Chairman executes the option, appraisals can then be released for public information, and a public hearing can subsequently be scheduled for full County Commission consideration . The Chairman's execution of the Option does not commit the County to the purchase , but gives the County an option to buy contingent upon Board approval at an advertised public hearing. As such, I request that the Chairman sign the attached originals , and that the originals be returned to me . I will then schedule a 30 day advertised public hearing at which the full Board will consider approval of the purchase . Thanks for your help . Please let me know if you have any questions (ext. 1258 ) . cc : Robert Keating F :\Community Development\Users\ROLAND\LAAC\ORCA South Link\Option sign memo . doc t • • Q0.. oF: n ' r� tvr � til « 7F Yr+�+M� l!i tS. • ( P 1C ((• ji. Rid i x F. t 4 `. �• Y Y! u a s 1 n i vi, Al a. t - wr MR+. i yY} 1 - - :. )Il e . f la• �� liJ. d iPa. � ? b Y rviR • M1 �Jt7TES EXCERPT' : 01 �23�9(o BGG CHAIRMAN TO EXECUTE ENVIRONMENTAL LAND ACQUISITION OPTIONS & PURCHASE AGREEMENTS WTI'H DEPOSITS \ - NOT EXCEEDING $ 100 The Board reviewed a Memorandum of January 15 , 1996 : TO : James E . Chandler County Administrator DSP BEAD CONCDRRENCZs 41 M . Feat , CP Community Devel t Diopcmor FROM : Roland K. DOBlois , CP Chief , Environmental Planning DATE : January 15 , 1996 RE : Request that the Board Authorize the Chairman to Execute Environmental Land Acquisition Options and Purchase Agreement' It is requested that the data herein presented be given formal consideration by the Board of County commissioners at its regular meeting of January 23 , 1996 . DESCRIPTION AND CONDITIONS i� Procedures adopted by the Board of County Commissioners for acquisition of environmental land include confidentiality of appraisals . In accordance with Section 125 . 355 of the Florida Statutes , appraisals can be released for public information once an option agreement is executed between a seller and the County or , if a purchase agreement is used ( rather than an optign ) , at least 30 days prior to Board approval . This statute also provides for a 30 day public notice and public hearing . For option agreements , this notice and hearing may occur at either the time the option agreement is considered by the Board , or later at the time of option exercise . For purchase agreements , the notice and hearing must be held at the time of Board consideration of the purchase agreement . Since acquisition agreements are often "geed by the landowner some days ( or weeks ) before Board consideration , and because the time period after the seller signs overlaps with the time period set . by the statute for public disclosure , staff seeks to establish a procedure to ensure that the sellers are legally bound prior to public release of confidentialt; information . liven the intricacies of the confidentiality statute , staff suggests that the best way to accomplish this is for the Board to authorize the Chanson to execute options and purchase agreements ( for a nominal fee or deposLA not exceeding $ 100 ) . This authority would serve to bind a seller to the negotiated price and terms for a specific time period , during which time appraisals could be released for Land Acquisition Advisory Committee ( LAAC ) review and , subse�Miently , for Board final acquisition approval . For the Board ' s consideration , attached is a proposed resolution authorizing the Chairman to execute options and purchase agreements . ANALYSIS Any option or purchase agreement executed under the requested authorization will contain language that makes it clear to the seller that final County approval of a land purchase is ultimately subject to Board approval ( which would occur at an advertised public hearing ) . As previously explained, the utility of authorizing the Chairman to sign the agreements is to bind the seller to negotiated price and terms so that , in accordance with stats •' law, appraisals can be released for Public review prior to the Board ' s final consideration of purchase approval . CATION Staff recommends that the Board of County commissioners approve the attached resolution authorizing the Board Chairman to execute purchase options and agreements relating to land acquisition , with cost of the option fee or deposit not exceeding = 100 , whereby final acquisition under the executed option or c purchase agreement will ultimately be subject to Board appal , 28 January 23 , 1996 MOTION WAS MADE by Commissioner Macht , SECONDED BY Commissioner Tippin , to adopt Resolution No . 96 - 15 authorizing the Chairman of the Board of County Commissioners to execute option agreements or purchase agreements relating to land acquisition where the cost of the option fee or deposit does not exceed $ 100 and where final acquisition is subject to approval by the Board of County Commissioners , as recommended in the memorandum . In response to Commissioner Eggert , County Attorney Vitunac gave assurances that there were no negatives to this procedure and it would actually be better because without it an option would have to be signed by the full Board and that would look like a sale . Commissioner Macht commented that a signature on an option only freezes the price . Commissioner Eggert understood the effect of the resolution , but was concerned that it might be misunderstood because of the wording of the headline as compared to the wording in the body of the document . THE CHAIRMAN CALLED THE QUESTION and the motion carried unanimously . I RESOLUTION NO . 96 - 15 A RESOLUTION OF THE INDIAN RIVER COUNTY , FLORIDA , AUTHORIZING THE CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS TO EXECUTE OPTION AGREEMENTS OR PURCHASE AGREEMENTS RELATING TO LAID ACQUISITION . WHEREAS , the electorate of Indian River County has voted in favor of the issuance of general obligation bonds for the purpose of financing the cost of acquiring environmentally significant land in Indian River County ; and WHEREAS , said land acquisitions , and other similar land acquisitions , in many cases are preceded by a purchase agreement or by the securing of an option to purchase ; and WHEREAS , said acquisition agreements are binding on the seller when accepted and paid for by the County ; and WHEREAS , expeditious action is often necessary and this may be achieved by authorizing the Chairman to execute option agreements or purchase agreements for nominal amounts , NOW , THEREFORE , BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY , FLORIDA that : 29 January 23 , 1996 The Chairman , or in the absence of the Chairman , the Vice - Chairman , is authorized to execute on behalf of the County Commission option agreements or purchase agreements to purchase land where the cost of the option fee or deposit does not exceed $ 100 dollars , and where final acquisition under such agreements is subject to approval by the Board of County Commissioners . The resolution was moved for adoption by Commissioner Macht and the motion was seconded by Commissioner T i p p i n and , upon being put to a vote , the vote was as follows : Chairman Fran B . Adams exp Vice - Chairman Carolyn K . Eggert exp Commissioner Richard N . Bird Commissioner Kenneth R . Macht eta Commissioner John W . Tippin pica The Chairman thereupon declared the resolution duly passed and adopted this 23 day of January 1996 , BOARD OF COUNTY COMMISSIONERS INDIAN RIVER C!ODUNTY , FLORIDA A By � Qit � `�7 CLQn��o l-� Fran B . Adams Chairman JeJaBgrt , Cler$ ' C I .�. i .c�coei�n . r.. j� APPROVED A3 TO FORM ' t AND LEGAL SUFFICIENCY BY TERRENCE P. O'BRIEN 4 ST COUNTY ATTORNEY AGREEMENTS WITH COUNCIL ON AGING TRANSIT GRANT FUNDS TRANSFER The Board reviewed a Memorandum of January 15 , 1996 : TO : James Chandler County Administrator FRONz Robert M . Keating , AICP /�W Community Development Director DATE : January 15 , 1996 SUBJECT : REQUEST TO APPROVE AGREENE S BETWEEN INDIAN RIVER COUNTY AND THE INDIAN RIVER C COUNCIL ON AGING FOR TRANSFER OF TRANSIT GRANT FUND It is requested that t data herein presented be given formal consideration by the rd of County Commissioners at their regular Meeting of January 2 , 1996 . . DESCRIPTION CONDITIONS In orde o obtain federal funding . for public transit services in Zndi River County , the Board os . County Commissioners recently 10 ZJanuary 23 , 1996 Project/ parcel : Arendas; ORCA South Link OPTION AGREEMENT FOR SALE AND PURCHASE THIS AGREEMENT is made this day of OLf , 2003 , by and between STELLA A. ARENDAS , 190 Pinellas Lane, # 509 , Cocoa Beach , Florida, 32931 -5069 , as " Seller" , and INDIAN RIVER COUNTY , ( County) , a political subdivision of the State of Florida, whose address is 1840 25 `h Street, Vero Beach , Florida 32960 ( Purchaser or Local Government or County). 1 . GRANT OF OPTION . Seller hereby grants to Purchaser the exclusive option to purchase the real property located in Indian River County, Florida, described in Exhibit " A " , together with all improvements, easements and appurtenances ( "Property") , in accordance with the provisions of this Agreement. This Option Agreement becomes legally binding upon execution by the parties but exercise of the option is subject to approval by Purchaser and is effective only if the County, on behalf of Purchaser, gives written notice of exercise to Seller. 2 . OPTION TERMS . The option payment is $ 100 .00 ( " Option Payment") . The Option Payment, in the form of a County check, will be forwarded to Seller as soon as possible . The option may be exercised during the period beginning with the Purchaser's approval of this Agreement and ending on January 30, 2004 ( " Option Expiration Date"), unless extended by other provisions of this Agreement. In the event the Purchase Price (as hereinafter defined in paragraph 3 . A) is not available by the Option Expiration Date, the period of exercise of the option may be extended until such funds become available, not to exceed 30 days after the Option Expiration Date, by written notice to Seller. The parties agree to use their best efforts to exercise the option and close as soon as possible, even if prior to the Option Expiration Date, so long as all requirements of this Agreement are fulfilled . 3 .A. TOTAL PURCHASE PRICE . The total purchase price ( " Total Purchase Price") for the Property is THREE HUNDRED NINETY NINE THOUSAND and no/ 100 Dollars ($ 399,000 . 00) which, after reduction by the amount of the Option Payment, will be paid by purchaser at closing to Seller or Seller' esignated agent . -whe�eetgthe-,requirements -e , i �s The Total Purchase Price is subject to adjustment in accordance with paragraph 3 .B . The determination of the final Total Purchase Price can only be made after the completion and approval of the survey required in paragraph 5 . This Agreement is contingent upon its approval , and consequent approval of the Total Purchase Price, by Purchaser. Conveyance of the Property in fee simple from Seller to Purchaser will take place at the closing, in exchange for the payments to be made by Purchaser to Seller at closing as set forth above in this paragraph 3 . A . 3 . B . ADJUSTMENT OF TOTAL PURCHASE PRICE . If, prior to closing, Purchaser determines that the Total Purchase Price stated in paragraph 3 . A . exceeds the final County approved appraised value of the Property, the Total Purchase Price will be reduced to the final County approved appraised value of the Property. The County approved appraised value shall be the appraised value approved upon review by the Florida Communities Trust (Florida Department of Community Affairs) (FCT) . If the final adjusted Total Purchase Price is less than 100 % of the Total Purchase Price stated in paragraph 3 . A . because of a reduction based on the final County approved appraised value of the Property, Seller shall, in his sole discretion, have the right to terminate this Agreement and neither party shall have any further obligations under this Agreement. If Seller elects to terminate this Agreement, Seller shall provide written notice to Purchaser of Seller-- s election to terminate this Agreement within 10 days after Seller's receipt of written notice from Purchaser of the final October 25 , 2001 Pale 1 County approved appraised value. In the event Seller fails to give Purchaser a written notice of termination within the aforesaid time period from receipt of Purchaser= s written notice, then Seller shall be deemed to have waived any right to terminate this Agreement based upon a reduction in the Total Purchase Price stated in paragraph 3 . A. 4 . A . ENVIRONMENTAL SITE ASSESSMENT. The County may, at its expense and prior to the Option Expiration Date, conduct an environmental site assessment of the Property that meets the standard of practice of the American Society of Testing Materials ( " ASTM ") . The examination of hazardous materials contamination shall be performed to the standard of practice of the ASTM, Practice E 1527 . For purposes of this Agreement "Hazardous Materials " shall mean any hazardous or toxic substance, material or waste of any kind or any other substance which is regulated by any Environmental Law, (as be, eia argg dp-T'r 44HM 4 . 13 . HAZARDOUS MATERIALS . In the event that the environmental site assessment provided for in paragraph 4 . A . confirms the presence (or significant risk of the presence, as determined in Purchaser ' s sole discretion) of Hazardous Materials on the Property, Purchaser, at its sole option , may elect to terminate this Agreement and neither party shall have any further obligations under this Agreement 5 . SURVEY . The Purchaser may, at its cost, have the Property surveyed prior to exercise of the Option ( " Survey" ). The Survey shall meet any written standards for survey preparation and approval issued by the FCT, and shall be certified to the County, the FCT, and the closing agent. If the Survey shows any encroachment on the Property or that improvements intended to be located on the Property encroach on the land of others, the same shall be treated as a title defect. 6. TITLE INSURANCE. Seller shall , at his sole cost and expense and at least 35 days prior to the Option Expiration Date, furnish to Purchaser a marketable title insurance commitment, to be followed by an owner's marketable title insurance policy (ALTA Form "B ") from a title insurance company, approved by the Purchaser, insuring marketable title of the Purchaser in and to the Property in the amount of the Total Purchase Price. Seller shall require that the title insurer delete the standard exceptions of such policy referring to : (a) all taxes, (b) unrecorded rights or claims of parties in possession , (c) survey matters, (d) unrecorded easements or claims of easements, and (e) unrecorded mechanics' liens. DEFECTS IN TITLE. If the title insurance commitment or Survey furnished to Purchaser pursuant to this Agreement discloses any defects in title that are not acceptable to Purchaser, Seller shall , within 90 days after notice from Purchaser, remove said defects in title. Seller agrees to use diligent effort to correct the defects in title within the time provided therefore. If Seller is unsuccessful in removing the title defects within said time or if Seller fails to make a diligent effort to correct the title defects, Purchaser shall have the option to either: (a) accept the title as it then is with no reduction in the Total Purchase Price, (b) extend the amount of time that Seller has to cure the defects in title, or (c) terminate this Agreement, thereupon releasing Purchaser and Seller from all further obligations under this Agreement. 8 . INTEREST CONVEYED. At closing, Seller shall execute and deliver to Local Government a statutory warranty deed in accordance with Section 689 . 02 , Florida Statutes, conveying marketable title to the Property in fee simple free and clear of all liens, reservations, restrictions, easements, leases, tenancies and other encumbrances, except for those that are acceptable encumbrances in the opinion of Purchaser and do not impair the marketability of the title to the Property, nor its management for the purposes of the County tober 25 , 2001 Page 2 environmentally sensitive lands acquisition program . The grantee in Seller's Warranty Deed shall be Indian River County, a political subdivision of the State of Florida. 9 . PREPARATION OF CLOSING DOCUMENTS . Upon execution of this Agreement, Seller shall submit to Purchaser a properly completed and executed beneficial interest affidavit and disclosure statement as required by Sections 286 . 23 , and 380 . 08 (2 ), Florida Statutes. Seller or his title agent shall prepare the deed described in paragraph 8 of this Agreement; Seller's and Purchaser= s closing statement; the title, possession and lien affidavit certified to Purchaser and title insurer in accordance with Section 627 . 7842 , Florida Statutes; and, an environmental affidavit on forms provided by Acquiring Agency. All prepared documents shall be submitted to the County for review and approval at least 30 days prior to the Option Expiration Date. 10 , PURCHASER REVIEW FOR CLOSING . Purchaser will approve or reject each item required to be provided by Seller under this Agreement within 15 days after receipt by Purchaser of all of the required items. Seller will have 15 days thereafter to cure and resubmit any rejected item to Purchaser. In the event Seller fails to timely deliver any item, or Purchaser rejects any item after delivery, Purchaser may in its discretion extend the Option Expiration Date accordingly. 11 . EXPENSES . Seller will pay the documentary revenue stamp tax and all other taxes or costs associated with the conveyance. The Purchaser will pay the cost of recording the deed described in paragraph 8 of this Agreement. The Seller will pay to record other recordable instruments which the title insurer or Purchaser deem necessary to assure good and marketable title to the Property. 12 . TAXES AND ASSESSMENTS . All real estate taxes and assessments which are or which may become a lien against the Property shall be satisfied of record by Seller at closing. In the event the Local Government acquires fee title to the Property between January 1 and November 1 , Seller shall, in accordance with Section 196 .295 , Florida Statutes, place in escrow with the county tax collector an amount equal to the current taxes prorated to the date of transfer, based upon the current assessment and millage rates on the Property. In the event the Local Government acquires fee title to the Property on or after November 1 , Seller shall pay to the county tax collector an amount equal to the taxes that are determined to be legally due and payable by the county tax collector. 13 . CLOSING PLACE AND DATE . The closing shall be on or before 30 days after the option is exercised ; provided , however, that if a defect exists in the title to the Property, title commitment, Survey, environmental site assessment, or any other documents required to be provided or completed and executed by Seller, the closing shall occur either on the original closing date or within 30 days after receipt of documentation curing the defects, whichever is later. The closing will be held in Vero Beach, Florida, at the office of the Seller' s title insurer, on the date and at the time agreed to by the parties. If the parties cannot reach agreement as to the date and time, the date and time will be set by the County upon notice to the Seller. The parties agree that a closing as early as reasonably possible is the intention of Seller and Purchaser. 14 . RISK OF LOSS AND CONDITION OF REAL PROPERTY . Seller assumes all risk of loss or damage to the Property prior to the date of closing and warrants that the Property shall be transferred and conveyed to the Purchaser in the same or essentially the same condition as of the date of Seller's execution of this Agreement. However, in the event the condition of the Property is altered by an act of God or other natural force beyond the control of Seller, Purchaser may elect, at its sole option, to terminate this Agreement and neither party shall have any further obligations under this Agreement. Seller represents and warrants that there are no parties other than Seller in occupancy or possession of any part of the Property. Seller agrees to clean October 25 , 2001 Page 3 up and remove all abandoned personal property, refuse, garbage, junk, rubbish, trash and debris from the Property to the satisfaction of the County prior to the exercise of the option by Purchaser. 15 . RIGHT TO ENTER PROPERTY AND POSSESSION. Seller agrees that from the date this Agreement is executed by Seller, Purchaser and its agents, upon reasonable notice, shall have the right to enter the Property for all lawful purposes in connection with the this Agreement. With regard to any entry by Purchaser upon the Property prior to closing, Purchaser-- s liability to Seller or to any third party shall be subject to the limitations and conditions specified in section 768 . 28 , Florida Statutes. Seller shall deliver possession of the Property to the County at closing. 16 . ACCESS . Seller warrants that there is legal ingress and egress for the Property over public roads or valid, recorded easements that benefit the Property. 17 . DEFAULT. If Seller defaults under this Agreement, Purchaser may waive the default and proceed to closing, seek specific performance, or refuse to close and elect to receive the return of any money paid, each without waiving any action for damages, or any other remedy permitted by law or in equity resulting from Seller's default. If Purchaser defaults under this Agreement, Seller may seek any remedy permitted by law or in equity resulting from Purchaser's default. In connection with any dispute arising out of this Agreement, including without limitation litigation and appeals, each party will be responsible for its own attorney's fees and costs. 18 . BROKERS . Seller warrants that no persons, firms, corporations or other entities are entitled to a real estate commission or other fees as a result of this Agreement or subsequent closing, except as accurately disclosed on the disclosure statement required in paragraph 9 . Seller shall indemnify and hold Purchaser harmless from any and all such claims, whether disclosed or undisclosed. 19 . RECORDING. This Agreement may not be recorded ; however, Purchaser may record reasonable notice of it in the appropriate county or counties. 20 . ASSIGNMENT. This Agreement may be assigned by Purchaser, in which event Purchaser will provide written notice of assignment to Seller. This Agreement may not be assigned by Seller without the prior written consent of Purchaser. 21 . TIME. Time is of essence with regard to all dates or times set forth in this Agreement. 22 , SEVERABILITY. In the event any of the provisions of this Agreement are deemed to be unenforceable, the enforceability of the remaining provisions of this Agreement shall not be affected . 23 . SUCCESSORS IN INTEREST. Upon Seller's execution of this Agreement, Seller's heirs, legal representatives, successors and assigns will be bound by it. Upon Purchaser's approval of this Agreement and Purchaser's exercise of the option, Purchaser and Purchaser's successors and assigns will be bound by it. Whenever used, the singular shall include the plural and one gender shall include all genders. 24 . ENTIRE AGREEMENT. This Agreement contains the entire agreement between the parties pertaining to the subject matter contained in it and supersedes all prior and contemporaneous agreements, representations and understandings of the parties. No supplement, modification or amendment to this Agreement shall be binding unless executed in writing by the parties. October 25 , 2001 Page 4 25 . WAIVER. Failure of Purchaser or Seller to insist upon strict performance of any covenant or condition of this Agreement, or to exercise any right herein contained, shall not be construed as a waiver or relinquishment for the future of any such covenant, condition or right; but the same shall remain in full force and effect. 26 . AMENDMENTS . No modification , amendment or alteration hereto , shall be effective or binding upon any of the parties hereto until it has been executed by all of the parties hereto . 27 . ADDENDUM. Any addendum attached hereto that is signed by the parties shall be deemed a part of this Agreement. 28 , NOTICE. Whenever either party desires or is required to give notice unto the other, it must be given by written notice, and either delivered personally or mailed to the appropriate address indicated on the first page of this Agreement, or such other address as is designated in writing by a party to this Agreement. 29 . SURVIVAL. The covenants, warranties, representations, indemnities and undertakings of Seller set forth in this Agreement shall survive the closing, the delivery and recording of the deed described in paragraph 8 . of this Agreement and Local Government's possession of the Property. agree that the P irc#aseabtlitye #iis�urc,#�as� v[u cuc. TCTTUZ- Ithi '�7I'07'GGL:"'�TT'[.T'gITIH haler-nay4enninate- this Agreement by giving notice to be€ere-that date, THIS AGREEMENT IS INITIALLY TRANSMITTED TO THE SELLER AS AN OFFER. IF THIS AGREEMENT IS NOT EXECUTED BY THE SELLER ON OR BEFORE NOVEMBER 15 , 2003 , THIS OFFER WILL BE VOID UNLESS THE PURCHASER, AT ITS SOLE OPTION, ELECTS TO ACCEPT THIS OFFER BY EXECUTING IT, SELLER UNDERSTANDS AND AGREES THAT THIS OPTION AGREEMENT SHALL BE FULLY BINDING UPON IT AS OF THE TIME OF EXECUTION BY SELLER, FOLLOWED WITHIN A REASONABLE TIME THEREAFTER (NO MORE THAN 45 DAYS) BY EXECUTION BY INDIAN RIVER COUNTY , THE EXERCISE OF THIS OPTION IS SUBJECT TO : ( 1 ) APPROVAL OF THIS AGREEMENT, AND THE TOTAL PURCHASE PRICE, BY PURCHASER, (2) CONFIRMATION THAT THE TOTAL PURCHASE PRICE IS NOT IN EXCESS OF THE FINAL COUNTY APPROVED APPRAISED VALUE OF THE PROPERTY, AND (3 ) COUNTY OVAL OF ALL DOCUMENTS TO BE FURNISHED HEREUNDER BY SELLER. 4:M cfA - -C6NTRA-eT -IS —I, SELLER October 25 , 2001 Page 3 STELLA A. ARENDAS • VV i ke t, a s: r Witness • Seller Date signed by INDIANPURCHASER Witness • • • mmmep • • • - . . - . u _ • Its: Chairman WideWidess as to Local Governjment - � Attest: 4 (Clerk or Deputy : . . i, . (OFFICIAL SEAL) Novemher 6 . 2003 Approved as to Form and Legality Date signed by Loc.�l Government County Attorney Date: . / Octobe .r11 Page 6 STATE OF }�/d,� i b/O ) COUNTY OF �/Z eko .o��/ ) The foregoing instrument was acknowledged before me this ;Z% day of <D �'fd 6 E r , 2003 , by Stella A. Arendas, the Seller, who is personally known to me or who has produced a driver's license issued within the last five years as identification . (NOTARY PUBLIC) SEAL ��»�►u�►�re������' Notary Public `®adv';. . . . �' 1 i�� Cf •4F �'y . _.. oG� 24. 2 '9� 4/. C �mi,1-7 (Printed, Typed or Stamped Name of • Notary Public) it>p254532 ; 11 ki " ����oos �� Commission No. : nurun�► My Commission Expires : i0 y/'0 7 STATE OF FLORIDA ) COUNTY OF T N n T A N R Th7ER The foregoing instrument was acknowledged before me this 6TH day of November 2003 , by Kenneth R. Macht as Chairman of the Board of Commissioners of Indian River County, and attested by MARIA I . SUESZ, on behalf of Jeffrey Barton, Clerk of the Board of Commissioners of Indian River County, Florida, on behalf of the County, both of whom are personally known to me. (NOTARY PUBLIC) SEAL •N"^ Kimberly E Massung No Public MY COMMISSION #t DD216503 EXPIRES )uFy 15, 2001 BONDED THRUTROY FAX INSURANCE. INC _Kimberly E . Massung (Printed, Typed or Stamped Name of Notary Public) Commission No. : DD 21 6 5 0 3 My Commission Expires: JT > 1 V 1 ,; ,6.2007 October 25 , 2001 Page 7 ORCA SOUTH LINK (ARENDAS ) EXHIBIT "A" LEGAL DESCRIPTIO` ( SUBJECT TO ADJUSTMENT BASED ON SURVEY) INDIAN RIVER COUNTY TAX PARCEL ID # 33 -40 -30 -00000 -3000 -00003 . 0 , MORE PARTICULARLY DESCRIBED AS FOLLOWS : BEGINNING AT A POINT ON THE NORTH LINE OF NW '/. OF SECTION 30 , TOWNSHIP 33 S RANGE 40 E , WHERE SAID LINE IS INTERSECTED BY E R/W LINE OF US 1 & FROM SAID POINT RUN E ON SAID N SEC LINE 842 . 3 FT TO POINT OF BEGINNING ( POB ) , RUN S 335 .6 F , RUN E 171 . 2 FT, RUN N TO N LINE OF NW /40F SECTION 30 ; RUN W ON N LINE OF NW 1 4 TO POB LESS RD R/W AS RECORDED IN OR BOOK 398 PP 224 (OR BK 462 PP 934) AND INDIAN RIVER COUNTY TAX PARCEL ID # 33 -40-30 -00000 -3000 -00008 . 01 MORE PARTICULARLY DESCRIBED AS FOLLOWS : BEGINNING 335 . 765 FT S OF NE COR OF NW 1 /4 OF SECTION 30 , TOWNSHIP 33 S RANGE 40 E, THENCE RUN S 335 . 765 FT, THENCE RUN W 1791 . 5 FT TO E LINE OF FEC RY, NLY ALONG E LINE OF RY R/W 350 . 5 FT E 1881 FT TO P . O . B . AS D BK 40 PP 518 LESS 66 FT FOR RD & LESS THAT PART LYING WLY OF W R/W OF US HWY NO 1 & ELY OF E R/W OF FEC RR & ALSO LESS WLY 600 FT LYING ELY OF US HWY # 1 SAID PARCELS COMBINED CONSISTING OF 6 . 69 ACRES , MORE OR LESS ADDENDUM BENEFICIAL INTEREST AND DISCLOSURE AFFIDAVIT (OTHER) STATE OF r L ) COUNTY OF 4REvAk � ) Before me, the undersigned authority, personally appeared STELLA A. ARENDAS , this 2Z day of rT 92003 , who, first being duly sworn, deposes and says : 1 ) That S 74 LL A q AAEm �D AS whose address is / 9e Pi AiEt,LR ,f DANE * S'Ocj CCCCR 4 iZAcI4 1-'L is the record owner of the Property. The following is a list of every "person" (as defined in Section 1 . 01 (3 ), Florida Statutes) holding 5 % or more of the beneficial interest in the Property. (if more space is needed, attach separate sheet) Name Address Interest 2) That to the best of the affiant's knowledge, all persons who have a fmancial interest in this real estate transaction or who have received or will receive real estate commissions. attorney's or consultant's fees or any other fees or other benefits incident to the sale of the Property are: Name Address Reason for Payment Amount New GC'LU �; C- L (. b•�hiKQ �` � �: � h'� F1GGf . RS FFA („ � S i � r� � RG � LE �1Er.` T 3 ) That, to the best of the affiant's knowledge, the following is a true history of all financial transactions (including any existing option or purchase agreement in favor of affiant) concerning the Property which have taken place or will take place during the last five years prior to the conveyance of title to Stella A. Arendas : N�^ nlc October 25 , 2001 Page 9 Name and Address Type of Amount of of Parties Involved Date Transaction Transaction .This affidavit is given in compliance with the provisions of Sections 286 . 23 and 380 .08(2), Florida Statutes. AND FURTHER AFFIANT SAYETH NOT. AFFIANT SWORN TO and subscribed before me this day of 2003 , by who is personally known to me or who has produced a driver's license as identification and who did take an oath . Notary Public (Printed, Typed or Stamped Name of Notary) Commission No. : My Commission Expires: APPROVED. ASTOFORM AND LEGALITY BY County Attorney Date: //� ' 04 - �3 October 25 , 2001 Page 10