19-3106 Approving Vacant Land Contract with Daypart, LLC for Five Parcels Adjacent to Casselberry Golf Course

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Form Simplicity Vacant Land Contract 7/3/19, 2:38 PM a ( r 1. 1. Sale and Purchase: DAYPART L.L.C. aka DAYPART LLC, a Delaware Limited Liability Company ("Seller") 2� and City of Casselberry, a Florida Municipal Corporation ("Buyer") 3 (the "parties") agree to sell and buy on the terms and conditions specified below the property ("Property") 4 described as: 5- Address: Vacant Land 6« Legal Description: Described in the attached EXHIBIT A 7 8 9 10 11= SEC16 CfWP 21 /RNG 30 of Seminole County, Florida. Real Property ID No.: EXHIBIT A 12- including all improvements existing on the Property and the following additional property: 13 14« 2. Purchase Price: (U.S. currency)................................................................................................ $ 15,000.00 15 All deposits will be made payable to "Escrow Agent" named below and held in escrow by: 16« Escrow Agent's Name: Garganese, Weiss, D'Agresta & Salzman P.A. 17* Escrow Agent's Contact Person: Catherine D. Reischmann of Counsel 18= Escrow Agent's Address: 111 N. Orange Ave.,Ste 2000,PO Box 2873, Orlando, FL32802 19- Escrow Agent's Phone: (407) 425-9566 20- Escrow Agent's Email: creischmannQorlandolaw.net & nham@orlandolaw.net 21 (a) Initial deposit ($0 if left blank) (Check if applicable) 22• ❑ accompanies offer 23• X will be delivered to Escrow Agent within 5 days (3 days if left blank) 24- after Effective Date................................................................................................................ $ 1,000.00 25 (b) Additional deposit will be delivered to Escrow Agent (Check if applicable) 26• ❑ within days (10 days if left blank) after Effective Date 27* ❑ within days (3 days if left blank) after expiration of Feasibility Study Period ....... $ 28- (c) Total Financing (see Paragraph 5) (express as a dollar amount or percentage) ................ 29< (d) Other: 30 (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 ............................................. $ 14,000.00 32* (f) ❑ (Complete only if 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 ❑ lot ❑ acre ❑ square foot ❑ 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 37* calculation: 38 3. Time for Acceptance; Effective Date: Unless this offer is signed by Seller and Buyer and an executed copy 394 delivered to all parties on or before July 29, 2019 , this offer will be withdrawn and Buyer's deposit, if 40 any, will be returned. The time for acceptance of any counter offer will be 3 days after the date the counter offer is 41 delivered. The "Effective Date" of this contract is the date on which the last one of the Seller and Buyer 42 has signed or initialed and delivered this offer or the final counter offer. 43• 4. Closing Date: This transaction will close on August 29, 2019 ("Closing Date"), unless specifically 44 extended by other provisions of this contract. The Closing Date will prevail over all other time periods including, 45 but not limited to, Financing and Feasibility Study periods. However, if the Closing Date occurs on 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 Date and Buyer is unable to obtain property 49 insurance, Buyer may postpone closing for up to 5 days after the insurance underwriting suspension is lifted. If 49 this transaction does not close for any reason, Buyer will immediately return all Seller provided documents and 50 other items. Buyer () and Seller (/ (} acknowledge receipt of a copy of this page, which is 1 of 7 pages. VAC -11 Fia 6/17 ©2017 Florida Realtors' Serial#: 015849400156-2179010 Form Simplicity https://forms.fIoridareaItors.org/users/renderpdfviewer Page 1 of 7