05-1583 B Freeman Land Purchase - Laserfiche WebLink

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ADDENDUM TO VACANT LAND CONTRACT This Addendum is made to the Vacant Land Contract dated m.tl..\l d) , 2005, between THOMAS G. FREEMAN ("Seller") and CITY OF CAsSE~uyer"), concerning the property described on Exhibit "A" attached hereto, (the "Contract"). WHEREAS, the Buyer and Seller agree to make the following terms and conditions part of the Contract: 1. As used herein, "Effective Date" shall mean the date on which the City Commission of the City of Casselberry has conditionally approved this Agreement. 2. The Purchase Price of $187,735.00 is contingent upon and subject to Buyer obtaining an appraisal for a minimum of $187,735.00, which appraisal shall be performed during the Feasibility Study Period. 3. This contract is contingent upon and subject to the conditional and final approval of the City Commission of the City of Casselberry, Florida, compliance with §166.045, Florida Statutes, and the Charter of the City of Casselberry, Florida, as well as any other requirements of Florida laws, which approval is to be obtained during the Feasibility Study Period. 4. Seller will, within five (5) days from Effective Date, make available for inspection by Buyer all written documents in Seller's possession or control affecting the Property including, without limiting the generality of the foregoing, any leases affecting the Property, building permits, plats, plans, surveys, title reports, governmental approvals relating to the construction and use of the Property, environmental tests, soil tests, and service agreements. 5. This Contract (and all exhibits and addendums thereto) constitutes the entire understanding and agreement between the parties hereto with respect to the subject matter hereof. No modification or amendment of this Contract shall be valid and binding upon the parties unless in writing and executed by the parties to be bound thereby. The provisions of this Contract shall survive closing and delivery of the deed and other closing documents and shall not be extinguished by merger. 6. Seller shall pay all real estate commissions involved in the purchase. The Triece Company, acting as Buyer's Agent for the City of Casselberry, shall be paid a real estate commission at closing on the purchase by Seller in the amount of 2% of the purchase price. 7. Although an escrow fee is not anticipated, the parties agree that in the event an escrow fee is required because of the closing, it shall be the Buyer's responsibility to pay said fee. 8. Radon Gas. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. Buyer may, within the Feasibility Study Period, have an appropriately licensed person test the property for radon. If the radon level exceeds acceptable EPA standards, Seller may choose to reduce the radon level to an acceptable EPA level, failing which either party may cancel this Contract. 9. Stenstrom, Mcintosh, Colbert, Whi9ham, Reischmann & Partlow, P.A., shall act as closing agent and prepare all closing documents.