14-2645 Sale of City Surplus Property to John Zacco

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CONTRACT FOR PURCHASE AND SALE THIS CONTRACT FOR PURCHASE AND SALE ( "Contract ") is made by and between the CITY OF CASSELBERRY, FLORIDA, a Florida municipal corporation, (hereinafter referred to as "Seller "), with a principal address of 95 Triplet Lake Drive, Casselberry, FL 32707, and JOHN A. ZACCO, ( "Buyer ") with a principal address of 601 Queens Mirror Circle, 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 subj ect 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 is Parcel Id. 09- 21-30-5BM-OA00-OOP1, and is more particularly described as follows: That property lying South of Lots 10 to 12 and extending South to northerly shore line of Lake Emily, Lake Cecile and Lake Annette, Block A, Sportsman's Paradise, according to the plat thereof, recorded in Plat Book 8, Page 12, of the Public Records of Seminole County, Florida. ARTICLE II - PURCHASE PRICE Purchase Price. The purchase price (the "Purchase Price ") for the Property shall be Four Thousand Eight Hundred and 00 /100 ($4,800.00). Deposit. Buyer has deposited with Seller the sum of Two Hundred Forty and 00 /100 Dollars ($240.00), (the "Deposit "), which shall apply to the Purchase Price at closing. If Buyer fails to close and has no legal basis to justify such failure, then Seller shall retain the Deposit as liquidated damages, and this shall be Seller's sole and exclusive remedy for breach by Buyer of this Contract. 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 120 days following the Effective Date. 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 thirty (30) days from the