HomeMy WebLinkAbout2008-159 AGREEMENT TO PURCHASE AND SELL REAL ESTATE
THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ("Agreement") is made
and entered into as of the 29th day of April 2008 by and between Lazy J LLC, a Florida limited
liability company, whose address is 1075 16 Avenue, Vero Beach, FL 32960 ("Sellers") and Indian
River County, a political subdivision of the State of Florida ("County"), who agree as follows:
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 2075 -2085 43rd Avenue, Vero Beach,
County of Indian River, State of Florida and more specifically described in Exhibit "A," containing
approximately 1 ,568 . 16 square feet more or less, and all improvements thereon, together with all
easements, rights and uses now or hereafter belonging thereto (cgUectivelyy,� the "Property
`4 8 O �'f, • a s �o� 7a'
2 . Purchase Price, Effective Date. The purchase pnce (the "Purchase Price") for the Property
shall be ). 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 (30) 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.
4. 3 There are no existing or pending special assessments affecting the Property, which are or may
he assessed by any governmental authority, water or sewer authority, school district, drainage district
or any other special taxing district.
FAEngineering\Roben Webb\43rd ave .capital\43rd Ave\43rd Age_Land AcquisitionTurchase Agreemendazyillcl2443rd.doc
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. Closine.
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.
7. Pro-rations. 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
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.
8.0 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
FAEngineering\Robert Webb\43rd ave xapital143rd Ave\43rd A$e_Land AcquisitionTurchase Agreement.lazyjllc 124-43rd.doc
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: Lazy J LLC, a Florida limited liability company
Gerald E. Hamel
1075 16`h Avenue
Vero Beach, Florida 32960
If to County: Indian River County
1841 27'h Street, Vero Beach, FL 32960
Attn: Bob Webb Land Acquisition
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
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.
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. County Approval Required: This Agreement is subject to approval by 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
FAEngineering\Robert Webb\43rd ave .capital\43rd Ave\43rd A9e_Land AcquisitionTurchase Agreemmt. IazyjIle 124-43rd.doc
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.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as ofthe date first
set forth above.
SELLERS INDIAN RIVER� A TY, FLORIDA
BOARD OF COLI iTY MMISSIO3NaiaRS
Lazy J LLS, a Florida limited liabili company y"
By: s� .
Sandra L. Bo` en, Chairinan "
raid , Manager Memb r
g y � 8 Date Signed: 5 Z O u d
Date Signed:
Joseph A. Baird
l
'IJ
C u_ nty Administrator
ATTEST : J 1. Barton, Clerk
By:
Deputy Clerk
Date Signed: _,5 - ,2, 'Z — J _
Approved as to form and Legal ficiency:
B L k U?l
r ' County Attorney
FAEngineering\Robert Webb\43rd ave .capital\43rd Ave\43rd A* Land AcquisitionTurchase Agreement.lazyjllc12443rd.doc
EXHIBIT 99A "
SKETCH TO ACCOMPANY DESCRIPTION.
THIS IS NOT A SURVEY!
26TH STREET 26TH STREET
I
� I
SII
SCALE : N .T. S .
TRACT 1 Izl TRACT 4
I"kQiR1N' Ri:'ER FARMS > i TNDIA"! RI' ER FAB S
C! v�'A" ' S 3QI'1ISIOI Q C+" ?v':?A"< ' SUBDi' i CtP.
B 2, PG 25 - SLCR1 M (P. 3. 7, PG. 79 - UM
rn
' I
II
. II
' I
II
. I
22ND STREET
its jI — - - - -
w21ST LANE
zl I TRACT 5
1 zz I INDIAN Ri='ER FARI:,<`•.S
0DI'vSDA1NY SUBDI 7i*{.7i
°O (P.B. 7. PG. 79 - IRCR)U.
/
tar.0 21ST PLACE ILLJ
IgO
I /
z /
~ CVs IONS
P
a PROJECT MANAGER OEPARf1AEM MANAGER SCALE: CHECKED BY
MARCADIS PCW P.C.W. P.C.W. P.C.W.
a SHEET TRE DATE: DRAWN BY
0 SKETCH OF DESCRIPTION KEYMAP 11 - -06 JAF.
g ARCADIS G&M , INC . m FOR S.R 60 h 43RD AVENUE RIGHT-OF-WAY PROJECT NUMBER DRAWING NUMBER
2081 Vista Parkway Tot (561) 697-7000 Fax: (561) 697-7751 ADUNTlM PARCEL NO. 124 WPOO1027 1027SD25A
Q West Patin Beach, Flodds 33411 www.arcadts s.com SHEET 1 OF 4
EXHIBIT 99A "
LAND DESCRIPTION : PARCEL 124
A PORTION OF A PARCEL OF LAND DESCRIBED IN OFFICIAL RECORDS BOOK 1782 , PAGE
1913 OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA BEING A PORTION OF
TRACT 8 , INDIAN RIVER FARMS COMPANY SUBDIVISION ACCORDING TO THE PLAT THEREOF
AS RECORDED IN PLAT BOOK 2 , PAGE 25 OF THE PUBLIC RECORDS OF ST . LUCIE COUNTY,
FLORIDA, LYING, SITUATED AND BEING IN SECTION 4, TOWNSHIP 33 SOUTH , RANGE 39 EAST ,
INDIAN RIVER COUNTY , FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS :
COMMENCE AT THE EAST ONE - QUARTER ( E . 1 /4) CORNER OF SAID SECTION 4 ; THENCE
NORTH 00400 ' 25 " EAST, ALONG THE EAST LINE OF SAID SECTION , A DISTANCE OF 621 . 35
FEET; THENCE NORTH 89' 59 ' 35 " WEST , A DISTANCE OF 43 . 00 FEET TO A POINT ON THE
WEST RIGHT- OF-WAY LINE OF 43RD AVENUE AND TO THE POINT OF BEGINNING OF HEREIN
DESCRIBED PARCEL OF LAND ; THENCE SOUTH 76' 50 ' 19 " WEST, A DISTANCE OF 16 . 13
FEET; THENCE NORTH 00' 54' 40 " EAST , A DISTANCE OF 45 . 07 FEET ; THENCE NORTH
01616 ' 48 " EAST, A DISTANCE OF 51 . 74 FEET TO A POINT ON THE SOUTH LINE OF GOLF
ACRES SUBDIVISION , ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 7 ,
PAGES 79 OF THE PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA; THENCE SOUTH
89' 32 ' 05 " EAST, ALONG SAID SOUTH LINE , A DISTANCE OF 13 . 84 FEET TO A POINT ON
THE WEST RIGHT- OF-WAY LINE OF SAID 43RD AVENUE ; THENCE SOUTH 00' 00 ' 25 " WEST,
ALONG SAID WEST LINE , A DISTANCE OF 93 . 01 FEET TO THE POINT OF BEGINNING .
CONTAINING 0 . 032 ACRES , MORE OR LESS .
SUBJECT TO EASEMENTS , RESERVATIONS AND RIGHT- OF-WAYS OF RECORD .
BEARINGS SHOWN HEREON ARE BASED ON THE EAST SECTION LINE OF SAID SECTION 4 ,
HAVING A BEARING OF NORTH 00' 00125 " EAST. ALL BEARINGS ARE RELATIVE THERETO .
CERTIFICATION :
I HEREBY CERTIFY THAT THE DESCRIPTION AND ATTACHED SKETCH OF DESCRIPTION WERE
PREPARED IN ACCORDANCE WITH THE SURVEYING STANDARDS , CHAPTER 61G17 - 6 , FLORIDA
ADMINISTRATIVE CODE , AS SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL
SURVEYORS & MAPPERS , PURSUANT TO SECTION 472 . 027 , FLORIDA STATUTES , AND IS
TRUE AND CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF.
NOTE: THIS IS NOT A SKETCH OF SURVEY, BUT ONLY A
GRAPHIC DEPICTION OF THE DESCRIPTION SHOWN HEREON.
P C HITE THERE HAS BEEN NO FIELD WORK, VIEWING OF THE SUBJECT
PROFES ZONAL SURVEYOR & MAPPER PROPERTY, OR MONUMENTS SET IN CONNECTION WITH THE
NO . 4213 , STATE OF FLORIDA PREPARATION OF THE INFORMATION SHOWN HEREON .
DATE : 11 -»- 06 NOTE: LANDS SHOWN HEREON WERE NOT ABSTRACTED FOR
RESTRICTIONS, RIGHTS-OF-WAY AND EASEMENTS OF RECORD.
s' PROJECT MANAGER 16PARIMENT MANAGER SCALE: CHECKED BY
3 ARCADIS
P.C.W. P.C.W. 1 ' = 30' P.C.W.
�v SHEET TRIP DATE: DRAWN BY
SKETCH OF DESCRIPTIONf
3
gI ARCADIS G&M, INC. m FOR S.R. 60 & 43RD AVENUE RO —OF—WAY NUMBER DRAWING NUMBER
$ PROJECT 2081VrAParkAW Tel: (561 ) 697-7000 Fax: (561 ) 697-7757 AOUISRION PARCEL NO. 124 WPGO1027 1027SD25B
9 West Palm Beach, Florida 33411 w arcadis-os.mm SHEEP 2 OF 4
EXHIBIT 99A "
SKETCH TO ACCOMPANY DESCRIPTION ,
THIS IS NOT A SURVEY!
j
N00.00' 25 "E SOUTH LINE
113. 30 GOLF ACRES SUBDIVISION
(P.B. 7, I PG. 79 IRCR)
SCALE : N .T. S . w TRACT 8
Ivo -}} ( �] 77 O
9, M ^^.> PIN : 4+I pnom: . [� >. :
000 to :'7 L —: S . v'JL}:J: : SFi. : '<
!n a is f'RE r':
OWNER: .r•.::�:+ x +: , .i: •..rE
LAZY J LLC ( '.9. 7, PG. 79 - IRCR)
O. R. B . 1782 , PG . 1913
Lja
zj
L l I 20
L7 (] Ln
N
l w (]
o +50. 66 24 04
57.99' L T. M
+05.60 � +0239
58. 70' LT. N00'S4'40"E z156.84PLrl S89'32'05 "E
45.07' N01 ' 1741 13.84'
- 51 .*74
S76'50' 1 9"'W - -
16. 13 ' F125
S00'00'25"W 93.01
EXISTING
j P. O. B . WEST-/ R/W LINE
of "' R/W LINE
CD M0
j -iz 43RD AVENUE EAST SECTION LINE
133+ 00 134 + 00
I ( STATE ROAD S - 611 ) SEC. 4- 33- 39
NNOO'00'25 "E 621 . 35 ( CLEMANN AVENUE) LN00.00 '25 'E
P.O. C. 71 /4 SECTION LINE o (BEARING BASE)
EAST 1 /4 CORNER
SEC. 4 - 33- 39
I TRACT 5
I a . A. c ? i::si rS:. i:3 }: i:'is «:. . :..: ; < :; ;; o- r ; ; : ,..• 1..• ,. .
PG, 25% SLCR' .
NOTE: SEE SHEET 4 OF 4 FOR LEGEND
' SKETCH OF DESCRIPTION PROJECT MANAGER DEPARTMENT MANAGER SCALE: CHECKED BY
94ARCADIS m P.G.W. PCW P.C.W. P.CW.
a
SHEET i1RE GATE: DRAWN BY
0 It — —06 JAF.
,.
ARCADIS G&M, INC. m FOR S.R. 60 h 43RD AVENUE RIGHT—OF—WAY PROJECT NUMBER DRAWING NUMBER
2081 Vista Parkway Tel: (561 ) 697-7000 Fax: (561) 697-7751 J AOIJISRION PARCEL NO. 124 WPOO1027 1027SD25B
(� West Palm Beach, Flodda 33411 w%w.arcad¢-us.mm SHEET 3 OF 4