17-2995 Approving Contract for Purchase and Sale John Casselberry property

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Oct 24 2017 9:42AM HP LASERJET 3330 p.3 Form Simplicity Vacant Land Contract (VR #410/18!2017) For idaReaitars- 1. 1. Sale and Purchase: _ John N. Casseiker , a sin le Mn 2• and City of esselberry, a Flo da Munleipal Corporation _ ("Buyer) 3 (the "parties") agree to sell and buy an the terms and conditions specified below the property ("Property") 4 described as: 5• Address: S. Lost Lake Lane, Cassetherry, Florida 32707 e• Legal Description As described In the attached AD ENOUM 1, Exhibit "A" La1al Description._.10 ,t. SECP?1 /ANG 30 of SeminoleCounty, Florida. Real Property ID 12- 09.21-30•$60.OA00001C. 12• including all improvements existing on the Property and the following additional property: 13 14• 2. Purchase Price: (U.S. currency) . ...... .... ....... ....... .......... $ 210,000.0 1s All deposits will be made payable to "Escrow Agent' named below and held in escrow by: 1e• Escrow Agent's Name: _-__ - _►Senneth_M, Beane, PA, Attorney at Law _ 17• Escrow Agent's Contact Person: � g-0 ne 1=eane ts• Escrow Agent's Address; , 377 Ma fiend Avenue;Ste 1 04, . tamonte S rin L32701 19• Escrow Aganrs Phone: M: 7 734-5413 no to 20. Escrow Agent's Email: kennethbeane earthlnk,nel 21 (a) Initial deposit ($0.1f left blank) (Check If applicable) z2• 0 accompanies offer 23. 19 Will be: delivered to Escrow Agent Within 7 days (3 days it left blank) 24. after Effective Dote . .. ... ... ........................ 25 (b) Additional deposit will be delivered to Escrow Agent (Check If applicable) 26. 0 within days (10 days if left blank) after Effective Date 27- 0 within days (3 days if left blank) after expiration of Feasibility Study Period ....... 2e• (c) Total Financing (see Paragraph 5) (express as a dollar amount or percentage) .................. 29• (d) Other: $ 3o (e) Balance to close (not including Buyer's closing costs, prepaid items, and prorations) 31• to be paid at closing by wire transfer or other Collected funds .......... ................. ............ :..... $ 207,000.00 32• (f) C3 (Corr,ptete only it purchase price will be determined based on a per unit cost instead of a fixed price.) The 33• unit used to determine the purchase price Is 0 lot D acre 0 square foot . 0 other (specify): 34- prorating areas of less than a full unit. The purchase price will be $ per unit based on a 35 calculation of total area of the Property as certified to Seller and Buyer by a Florida licensed Surveyor in 36 accordance with Paragraph 7(c). The following rights of way and other areas will be excluded from the 371 calculation: ss 3. Time for. Acceptance; Effective Date,: Unless this offer Is signed by Seller and Buyer and an executed copy 39• delivered to all parties on or before this offer will be withdrawn, and Buyer's deposit, i1 40 any, will be returned. The time for acceptance of any counter offer will be 3 days after the date the counter offer Is Al. delivered. The "Effective Date" of this contract is the date on which the last oneof the Seller and Buyer 42 has slgnetl or initialed and delivered this eller or the final -counter offe� f 43. 4,. Closing pate: This transaction will close on a In j g Date"), unless specifically 44 extended by other provisions of this contract, The Closing ^Date will prevail over all other time periods including, 4s but not limited to, Financing: and Feasibility Study periods. However, if the Closing Date occurs an a Saturday, 46 Sunday, or national legal holiday; it will extend to 5:00 p.m, (where the Property is located) of the next business 47 day. In the event Insurance underwriting Is suspended on.Closing bate and Buyer is unable to obtain property 48 insurance, Buyer may postpone closing for up to 5 days after the Insurance underwriting suspension is lifted. If 48 . this transaction does not close for any reason, Buyer will immediately return all Seller provided documents and 50 other items. Buyer (�) (,„_) and Seller (_j acknowledge receipt of a copy of this page, which is t of 12 pages. VAC -111 ns4 (3If 7 02017 Mirlda neaMfgl sense: oesoyood is aeawt ao