20-3192 Approving Sale to AAA Homes, LLC - 1104 Timberlane Tr

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Form Simplicity Vacant Land Contract 9/3/20, 8:59 AM Tj,, ir, F lorida Realtors - I . 1. Sale and Purchase: City of Casselberry, a Florida Municipal Corporation ("Seller") 2- and AAA Homes, LLC, a Florida Limited Liability 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, 1104Timberiane Trail, Casselberry, Florida 32707 6. Legal Description: Lot 19, THE COLONNADES SECOND SECTION a subdivision accordin to the tat thereof 7 recorded in Plat Book 16,fq�4 Publlc Records of Seminole County, Florida. 8 9 10 111* SEC �/TWP /21 / NG _�O County, Florida. Real Property ID No.: 04-21-30-506-0000-0190 R of Seminole 12* including all improvements existing on the Property and the following additional property: none 13 14* 2. Purchase Price- (U.S. currency) ......... __ ... __ .......... $?0,000.00 15 All deposits will be made payable to "Escrow Agent" named below and held in escrow by: 16* Escrow Agent's Name: _ Garganese,,%eis,D'A resta& 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,FL 32802 19* Escrow Agent's Phone: (407 N 425-8566 20* Escrow Agent's Email: creischmann Qorlandolaw. net & nham@oriandolaw.net 21 (a) Initial deposit ($0 if left blank) (Check If applicable) a2• 0 accompanies offer 23. 0 will be delivered to Escrow Agent within - days (3 days if left blank) 24 after Effective Date ............................................... ...... ................. .......... ..... ___ ...... 25 (b) Additional deposit will be delivered to Escrow Agent (Check If applicable) 26* El 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 ..... $ 2V (c) Total Financing (see Paragraph 6) (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) 1q1 * to be paid at closing by wire transfer or other Collected funds .... ................. ... __ ............. 25,000m 32* (1) 0 (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 EJ lot El acre 0 square foot 0 other (specify): U . 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 8(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 39* delivered to all parties on or before 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 has 42 signed or Initialed and delivered this offer or the final counter-offer. 43- 4. Closing Date: This transaction will close on October 29, 2020 ("Closing Date"), unless specifically 44 extended by other provisions of this contract. The Closing Date will prevail over all other time periods including, but 45 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 48 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 so other items. 51 S. Extension of Closing Date: If Paragraph 6(b) is checked and Closing Funds from Buyer's lender(s) are not 52 available on Closing Dat to Consumer Financial Protection Bureau Closing Disclosure delivery requirements Buyer and Selle acknowledge receipt of a copy of this page, which is 1 of 8 pages. VAC -13 ;�21� 02020 Florida Realtors* ,., "81 N, 'h F 0 r M 13,15iniplicity https;//forms2.floridarealtors.org/api/print/pdf-viewer Page 1 of 8