11-2224 Consent to Land Purchase Agreement between Casselberry 17-92, LLC and Casselberry CRA - 4270 S. US Hwy. 17-92

Home Browse Search

THIS CONTRACT FOR PURCHASE AND SALE ( "Contract ") is made by and between CASSELBERRY 17 -92, LLC, a Florida limited liability company (hereinafter referred to as "Seller "), with a principal address of 7120 Lions Head Lane, Boca Raton, FL 33496 and the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CASSELBERRY, FLORIDA, a body politic and corporate of the State of Florida created pursuant to Part III, Chapter 163, Florida Statutes, (hereinafter collectively referred to as "Buyer ") with a principal address of 95 Triplet Lake Drive, Casselberry, FL 32707. For and in consideration of a valuable sum in dollars, the premises and the mutual covenants and obligations created hereby, as well as other good and valuable considerations, Buyer agrees to buy and Seller agrees to sell the following described real property subject to and upon the terms and conditions set forth below. The effective date of this Contract (the "Effective Date ") shall be the date upon which the last of Seller and Buyer shall have signed this Contract. ARTICLE I - PROPERTY The real property (the "Property ") which is the subject matter of this Contract consists of the real property located at 4270 17 -92 South, Casselberry, Florida, and is more particularly described in Exhibit "A" attached hereto and made a part hereof. ARTICLE II - PURCHASE PRICE Purchase Price. The purchase price (the "Purchase Price ") for the Property shall be One Hundred Thousand and 00 /100 DOLLARS ($100,000.00). ARTICLE III - CLOSING AND CLOSING DATE The transaction contemplated by this Contract shall be closed (the "Closing "), the Purchase Price applied to closing costs and the deed, and the exclusive possession of the Property, free of all occupants, shall be delivered to Buyer at Closing. The closing date shall be on or before thirty (30) days following the Effective Date. If Closing does not occur with thirty (30) days of the Effective Date, then Seller may terminate this Contract for any reason. ARTICLE IV - TERMS AND CONDITIONS The additional terms and conditions of this Contract are as follows: 4.1. Evidence of Title. Buyer, at Buyer's expense and within ten (10) days from the Effective Date, shall obtain a title insurance commitment (the "Title Commitment ") to issue an ALTA Owner's Title Insurance Policy - Form B from a title insurance company acceptable to Buyer (the "Title Insurance Company ") in the amount equal to the appraisal of the property, naming Buyer as the proposed insured. 4.2. Survey. Buyer may, at Buyer's expense, obtain a survey of the Property (the "Survey ")