HomeMy WebLinkAbout2004-154 ' V 0 R I G A L
JUN 2 3 2004 7 M j
5
INDIAN RIVER COUNTY Q
ENGINEERING DIVISION
AGREEMENT TO PURCHASE AND SELL REAL ESTATE
THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made
and entered into as of the 7th day of April, 2004 , by and between Indian River County, a political
subdivision of the State of Florida ("County") , and Joel E . BeasonVnd Anna M. Bell , as tenants in
common, ("Sellers") , who agree as follows :
G LorZiF} 114944JOAl /11, c CVA
-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 118 Keystone Drive, City of Sebastian,
0ounty of Indian River, State of Florida and more specifically described on Exhibit "A, " attached
hereto and made a part of this Agreement, containing 12 , 500 square feet and all 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 THIRTY- SEVEN THOUSAND AND 00/ 100 Dollars ($ 37, 000 . 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
County.
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Standard Real Estate Agreement — Beason/Bell
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.
6 .2 Closing Procedure , Costs :
( 1 ) Title Evidence : Seller will provide an owner' s title insurance commitment as title
evidence . Seller will pay for the owner' s title policy, search, examination and related charges .
(2) Seller Costs : Seller will pay taxes on the deed; recording fees for documents needed to
cure title and title evidence as in Paragraph 6 . 2( 1 ) .
(3 ) Buyer Costs : Buyer will pay recording fees on the deed; survey and sketch.
7 . Prorations . All taxes and special assessments which area lien upon the property on or prior
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Standard Real Estate Agreement — Beason/Bell
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
1 , 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 . Miscellaneous ,
8 . 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 .
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: Seller: Joel E . Beason
Address : 3319 Shelby Street
City, State, . Zip : The Villages , Florida 32162
If to County: Indian River County
1840 25h Street, Vero Beach, FL 32960
Attn : Ronald L. Callahan
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
3
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Standard Real Estate Agreement — Beason/Bell
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 .
8 . 9 . CountyApproval Required : This Agreement is subject to approval by the 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 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 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.
8 . 11 Brokers : The licensee(s) and brokerage(s) named below are collectively referred to as
"Broker. " Seller and Buyer acknowledge that the brokerage(s) named below are the procuring cause
of this transaction. Instruction to Closing Agent : Seller and Buyer direct closing agent to disburse at
closing the full amount of the brokerage fees as specified in separate brokerage agreements with the
parties and cooperative agreements between the brokers, unless Broker has retained such fees from
the escrowed funds . In the absence of such brokerage agreements, closing agent will disburse
brokerage fees as indicated below.
Jason Harris Realty King, Inc .
Real Estate Licensee Broker/Brokerage fee: 3 700. 00
IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first
set forth above.
SELLER: INDIAN RIVER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
Name : Joel E . Beason � n -
By: &ZweO Caroline D . Ginn, Cliairman
Date Signed : July
Date Signed: `I — ' d — oy �
& Indian River County Ap roved Date
4 Administration y
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Standard Real Estate Agreement — Beason/Bell Risk Management ,i3, oy
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Standard Real Estate Agreement — Beason/Bell
R /W Line
GRAPHIC SCALE - --
40 0 20 40 80 N a BARBER STREET (A. K.A. STRATTON AVENUE)
( IN FEET BARBER STREET
N5
1 inch = 40 ft. a mmy
NOTES 259 25R / W Line 125' g'
N PLAT PLAT Oi '
1 , THIS SKETCH AND DESCRIPTION IS NOT VALID WITHOUT J W �
THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF 3 W 3 31-39-19-00001 -5680-00009.0
\ \ BEASON, JOEL E
FLORIDA REGISTERED SURVEYOR AND MAPPER NAMED o O ,
HEREON .
2 . THIS SKETCH AND DESCRIPTION MEETS OR EXCEEDS ALL I W I . o
APPLICABLE REQUIREMENTS OF THE MINIMUM TECHNICAL p !' LOT 9 i? I LOT 10
STANDARDS AS ESTABLISHED IN CHAPTER 61G17-6 , i
FLORIDA ADMINISTRATIVE CODE . I W I SEBASTIAN HIGHLANDS
3 . THIS SKETCH AND DESCRIPTION AND ADJOINING PARCELS SUBDIVISION UNIT - 17
MAY BE SUBJECT TO EASEMENTS , RESTRICTIONS , P.B. 8, PG . 46 -H
RESERVATIONS , OR RIGHT-OF-WAYS NOT SHOWN AND MAY BLOCK . 568
BE FOUND IN THE PUBLIC RECORDS .
4 . THIS SKETCH AND DESCRIPTION DOES NOT REPRESENT A 125'
FIELD SURVEY, EXISTING PROPERTY CONDITIONS OR
FEATURES ARE NOT SHOWN , LOT 8 LOT 11 ®.
LEGEND & ABBREVIATIONS
P . B . = PLAT BOOK LEGAL DESCRIPTION
PG . = PAGE LOT 9 , BLOCK 568 , SEBASTIAN HIGHLANDS SUBDIVISION , UNIT 17 AS RECORED IN PLAT
R/W RIGHT-OF-WAY BOOK 8 , PAGE 46H OF THE PUBLIC RECORDS OF INDIAN. RIVER COUNTY , FLORIDA.
O . R. B . = OFFICAL RECORD BOOK CONTAINING 12 , 500 SQUARE FEET, OR 0 . 29 ACRES, MORE OR LESS .
I . R. C . R. = INDIAN RIVER COUNTY RECORDS NOW LYING IN INDIAN RIVER COUNTY, FLORIDA
CERTIFICATION
SURVEYOR AND MAPPER IN RESPONSIBLE CHARGE
'� oe'� � . > �c. � �- C2 �•n THIS IS NOT A BOUNDARY SURVEY
MICHAEL O'BRIEN P .S , M . DATE SKETCH TO ACCOMPANY LEGAL DESCRIPTI ❑ N
FLORIDA REGISTRATION NO LS 6118
INDIAN RIVER COUNTY SURVEYOR AND MAPPER PREPARED FOR INDIAN RIVER COUNTY ENGINEERING DEPARTMENT
INDIAN RIVER COUNTY ADMINISTRATION BUIl01N `� /ND/AN RIVER C€�IYNTY DRAWN BY SECTION 29 SKETCH AND
DESCRIPTION OF SHEET
_ 1640 25tn STREET S. DEXTER 1
VERO BEACH, FL 32960 Deportment of Public WorksAPPRpVED BY T ❑ WNSHIP .31S LOT 9, BLOCK 568, UNIT 17,
(772) 567 -e000 P Engineering Division M. 018R/EN RANGE .39£ SEBASTIAN HIGHLANDS SUBDIVISION o�
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[This Rider is intended for use in conjunction with Paragraph XIII of the Florida Association of RIAt0Tpag6, and
The Florida Bar (FAR/BAR) Contract for Sale and Purchase (2001 ed .)]
,5uy� it s - `Seller ' �isnitial{ It to be made a part of the Contact .
IF THE DISCLO%1 IIISUMMARY REQUIRED BY SECTION 689 . 26 , FLORIDA STATUTES, HAS
NOT BEEN PROVIDED TO THE PROSPECTIVE PURCHASER BEFORE EXECUTING THIS
CONTRACT FOR SALE , THIS CONTRACT IS VOIDABLE BY BUYER BY DELIVERING TO SELLER
OR SELLER ' S AGENT WRITTEN NOTICE OF THE BUYER ' S INTENTION TO CANCEL WITHIN 3
DAYS AFTER RECEIPT OF THE DISCLOSURE SUMMARY OR PRIOR TO CLOSING, WHICHEVER
OCCURS FIRST. ANY PURPORTED WAIVER OF THIS VOIDABILITY RIGHT HAS NO EFFECT,
BUYER ' S RIGHT TO VOID THIS CONTRACT SHALL TERMINATE AT CLOSING ,
BUYER SHOULD NOT EXECUTE THIS CONTRACT UNTIL BUYER HAS RECEIVED AND READ
THIS DISCLOSURE ,
Disclosure Summary For _ Sebastian Highlands
( Name of Community)
1 . AS A BUYER OF PROPERTY IN THIS COMMUNITY, YOU O WILL Q WILL NOT BE
OBLIGATED TO BE A MEMBER OF A HOMEOWNERS ' ASSOCIATION ("ASSOCIATION ") .
2. THERE HAVE BEEN OR WILL BE RECORDED RESTRICTIVE COVENANTS (" COVENANTS")
GOVERNING THE USE AND OCCUPANCY OF PROPERTIES IN THIS COMMUNITY,
3 , YOU O WILL IN WILL NOT BE OBLIGATED TO PAY ASSESSMENTS TO THE ASSOCIATION .
YOU f8' WILL O WILL NOT BE OBLIGATED TO PAY SPECIAL ASSESSMENTS TO THE
RESPECTIVE MUNICIPALITY, COUNTY, OR SPECIAL DISTRICT ALL ASSESSMENTS ARE
SUBJECT TO PERIODIC CHANGE ,
4 , YOUR FAILURE TO PAY SPECIAL ASSESSMENTS OR ASSESSMENTS LEVIED BY A
MANDATORY HOMEOWNERS ' ASSOCIATION COULD RESULT IN A LIEN ON YOUR PROPERTY.
S , THERE Q IS ® IS NOT AN OBLIGATION TO PAY RENT OR LAND USE FEES FOR
RECREATIONAL OR OTHER COMMONLY USED FACILITIES AS AN OBLIGATION OF
MEMBERSHIP IN THE HOMEOWNERS ' ASSOCIATION . ( if such obligation exists, then the amount
of the current obligation is $ _ _
6 . THE COVENANTS 0 CAN ® CANNOT BE AMENDED WITHOUT THE APPROVAL OF THE
ASSOCIATION MEMBERSHIP OR , IF NO MANDATORY ASSOCIATION EXISTS , PARCEL
OWNERS .
7 . THE STATEMENTS CONTAINED IN THIS DISCLOSURE FORM ARE ONLY SUMMARY IN NATURE ,
AND , AS A PROSPECTIVE PURCHASER , YOU SHOULD REFER TO THE COVENANTS AND THE
ASSOCIATION GOVERNING DOCUMENTS BEFORE PURCHASING PROPERTY.
8 . THESE DOCUMENTS ARE MATTERS OF PUBLIC RECORD AND CAN BE OBTAINED FROM THE
RECORD OFFICE IN THE COUNTY WHERE THE PROPERTY IS LOCATED ,
DATE drBUYER
/Z z k ..
DAT — BU
HAD-6 AeV 7 .03 02003 The Florida Ser and tl1* Florida Awociation of ReALTM«* An Rights Reserveo
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OLD REPUBLIC NATIONAL TI'T'LE INSURANCE COMPANY
Title Insurance Commitment
Non:: This commitment consists of insert pager, labeled '5611W111e A '1, "Schedule B- 1" , and "Schedule B-IT", and is of no force or c0fect
unless a71
schedulcn art included, along with any kider pages irimppr4icd by 1CfeMnCe in the inSertpages.
YeLIKIMSY+AI.4�.l4l� lj
,rIN Y
. ,f�t10[lti�'d1 1
J .1• . Yn,
SC�iud A
Agent's Pile Number: 24067459
Commitment Number; CA
1 . Effective Date., April 14, 2004 at 5 : 00 PM
2. Policy or Policies to be issued:
(a) Owner's Policy S
Proposed Insured:
Indian River County, a political subdivision of the State of Florida
(b) Loan. Policy S 37,00000
Proposed Insured:
3 . The estate: or interest in the land described or refetx'ed to to this commitment and covered herein is :
Fee Simple.
4. Title to the fee simple estate or interest in said land is at the effective date hereof vested in :
Joel E. Beason, Gloria V. Beason and Anna M. Bell
5 . 7be land referred to in this colmn1i' tment is described as follows:
Lot % Block 568, SEBASTIAN MGHLANDS UNIT SEVENTEEN,
according to the Plat thereof, as recorded in Plat Book 8, at Page(s) 46,
46A through 46P , of the Public Records of Indian River County,
Florida.
CkEP1 (24067459) Printed April 23, 2004 - Mage t