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R04-104 II , I I: 1 RESOLUTION NO. R04- lOti 2 3 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 4 FLORIDA, AUTHORIZING AND DIRECTING THE CITY 5 MANAGER TO EXECUTE AN OPTION AGREEMENT 6 FOR PURCHASE AND SALE OF REAL PROPERTY 7 BETWEEN THE CITY OF BOYNTON BEACH AND 8 BENJE SPERLING; AND PROVIDING AN EFFECTIVE 9 DATE. 10 i WHEREAS, this property is located at Rolling Green Ridge 15t Addition, Lot 2 11 I 12 Block 27, and is situate between two parcels currently owned by the City; and 13 WHEREAS, the City Commission, upon recommendation of staff, has deemed it to 14 be in the best interests of the citizens and residents of the City to enter into an Option 15 Agreement for Purchase and Sale of Real Property between the City of Boynton Beach and 16 Benje Sperling; and 17 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 18 THE CITY OF BOYNTON BEACH, FLORIDA, THAT: 19 Section 1. The City Commission of the City of Boynton Beach, Florida does 20 hereby authorize and direct the City Manager to execute an Option Agreement for Purchase 21 and Sale of Real Property between the City of Boynton Beach and Benje Sperling, for the 22 real property more particularly described in said Agreement as Exhibit "A", which 23 Agreement is attached hereto. 24 Section 2. This Resolution shall become effective immediately upon passage. 25 II ¡ , 1\ 1 PASSED AND ADOPTED this ~ day of June, 2004. I 2 3 CITY OF BOYNTON BEACH, FLORIDA 4 5 6 7 i I 8 9 10 / " 11 12 Commissioner 13 7/07 L ¿ 14 I 7-" -'- 15 Co~ssioner -' . . ' 16 ..-- f-?/ <:~. ¡' ::..../ 17 18 Commissión~.'/·-¡;·/ --- 19 20 21 22 23 (Corporate Seal) 24 25 26 27 28 29 I Ro'l-loLf OPTION AG-Rli:li:MRNT FOR PITRC" ASR A NO SA I ,Ii: OF Rli:A I. PROPRRTY This Option Agreement for Purchase and Sale of Real Property (hereinafter the "Agreement"), is made and entered into as of the i5 day of -.JUI\~ , 2004, by and between the City of Boynton Beach, a Florida municipal corporation and/or its assigns (the "Buyer") and BENnE SPERLING, of Hollywood, Florida, (collectively referred as "Seller"). In consideration ofthe mutual agreements set forth below, the parties agree as follows: 1.0 Definitions. The following terms when used in this Agreement shall have the following meanings: 1.1 ~r. City of Boynton Beach a Florida municipal corporation with a mailing address of 100 East Boynton Beach Blvd., Boynton Beach, Florida 33425. 1.2 Closinr:. The delivery of the Deed to Buyer concurrently with the delivery of the Purchase Price to Seller. 1.3 Closinr: D::!t~, The date of the Closing as determined in accordance with Paragraph 10 below. 1.4 Dœd. One (1) General Warranty Deed which shall convey the Property from Seller to Buyer. 1.5 F.ff~~tiv~ D::!t~. The date that this Agreement is executed by the last party to sign it. 1.6 Gov~rnm~nt::!l Authority. Any federal, state, county, municipal or other governmental department, entity, authority, commission, board, bureau, court, agency or any instrumentality of any of them which has jurisdiction over the Property. 1.7 Government::!l R~qllirement. Any law, enactment, statute, code, oràinance, ruie, regulation, judgment, decïee, wTÏt, injüíiction, franchise, permit, certificate, license, authorization, agreement, or other direction or requirement of any Governmental Authority now existing or hereafter enacted, adopted, promulgated, entered, or issued applicable to the Property, or to any appurtenances, structure, use or facility, on or adjacent to, the Property. 1.8 Option A~cept::!nce DMe. The date upon which the Buyer notifies Seller that Buyer intends to exercise the option granted by this Agreement in accordance with Paragraph 2.3 below. 1.9 Option F.xpir::!tion D::!t~ Two Hundred Ten (210) days after the Effective Date, or sooner as described hereinafter. 1.10 Prop~rty, That certain real property located in the City of Boynton Beach, Palm Beach County, Florida, and more particularly described as parcel on Exhibit "A" attached hereto and made a part hereof, together with all improvements, property rights, easements, privileges and appurtenances thereto. 1.11 P1Ir~h::!se Price. The price the Buyer shall pay the Seller for the Property as more fully set forth in Paragraph 3 below. 1.12 Sclkr. For purposes of this Agreement, the Seller for the Property. 1.13 Title Commitment. A title insurance commitment issued by or written on the Title Company, agreeing to issue the Title Policy to Buyer upon payment of the Purchase Price and recording of the Deed and execution and/or recording of other closing documents. 1.14 Ii.tk. Comr~n~. The title insurance company. licensed and authorized to conduct business in the State of Florida as selected by Buyer. 1.15 Titl~ Poli~y. An ALTA Form B Owner's Title Insurance Policy in the amount of the Purchase Price, insuring Buyer's title to the Property, subject only to the Permitted Exceptions. 1.16 Permitted Exceptions. Taxes for the year 2004 and subsequent years, zoning, easements, covenants, reservations, restrictions and agreements of record. 2.0 Gr::!nt of Option for P1Ir~h::!s~. 2.1 For good and valuable consideration of One Hundred Dollars ($100.00) paid to the Seller by the Buyer, Seller hereby grants to Buyer and Buyer hereby accepts from Seller an option to purchase and acquire the Property from Seller on the terms and conditions hereinafter set forth. 2.2 Within ten (10) days of the Effective Date, Buyer shall place a refundable deposit of One Hundred Dollars ($100.00) into the Goren, Cherof, Doody & Ezrol, P.A. Trust Account (interest bearing). In the event Buyer exercises the options granted hereby, but fails to pay the baiance of the Purchase Price fùr the Pmpcrty at the respective Closing Date, as defined herein, or otherwise defaults under the terms of this Agreement, Buyer shall forfeit this deposit to Seller. The parties agree that this will constitute liquidated damages, and the parties shall thereafter have no further obligations under this Agreement. In the event that the Buyer does not exercise the option, then, in that event, the deposit shall be returned to the Buyer, forthwith, and with accrued interest, if any. 2.3 In the event Buyer decides to exercise the option granted hereby, Buyer shall give Seller written notice of Buyer's decision to exercise the option on or before the applicable S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement.doc 2 Option Expiration Date. 3.0 Pur~h::ts~ Pri~e ::tnd Continr:en~ies. 3.1 Pllr~h::tse Price The parties have agreed upon a Purchase Price of TWELVE THOUSAND FIVE HUNDRED ($12,500.00) Dollars. 3.2 Continr:en~ies The Buyer's obligations under this Option Agreement are contingent upon the following. 3.2.1 Approval of the Option Agreement by the City Commission of Boynton Beach. 3.2.2 Approval by the City Commission of Boynton Beach to exercise the Option within two hundred ten (210) days of the Effective Date. 3.2.3 Buyer's obligation to close is contingent upon Buyer obtaining an environmental audit(s) deemed satisfactory to Buyer. 4.0 Evidence of Title 4.1 Delivery of Title rommitment. Within twenty (20) calendar days of the exercise of the Option, Buyer shall obtain a Title Commitment, at Buyer's cost, and shall deliver a copy of the Title Commitment to Seller or Seller's attorney within five (5) days of receipt of the title commitment. 4.2 M::trket::thle Title. Seller shall convey marketable title to the Property, subject to the Permitted Exceptions. Marketable Title shall be determined according to the Title Standards adopted by authority of The Florida Bar and in accordance with law. Buyer shall have fifteen (15) days from the date of receiving the Title Commitment to examine same. If title is found defective, Buyer shall within ten (10) days of receiving the title commitment notify Seller in writing of any specific title defects. Buyer shall have the option of either accepting the title in its existing condition without a reduction of the Purchase Price, or of terminating this Agreement by sending written notice of terminaiion to Seller. Upon the termination of this Agreement, neither Buyer nor Seller shall have any further rights or obligations hereunder except as provided in this Agreement. 5.0 Snrvey. Within ten (10) days of the exercise of the Option, Buyer may obtain at its expense a survey (the "Survey") of the Property showing all improvements thereon prepared by a land surveyor or engineer registered and licensed in the State of Florida. The Survey shall show the legal description of the Property to be the same as Exhibit "A" attached hereto. The Buyer may require any reasonable revision to the legal description so long as any such revision does not result in Seller being required to convey any lands or rights other than those described to be within the S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement_doc 3 Property described on Exhibit "A" attached hereto. Any objections must be delivered to Seller's attorney within the thirty (30) days of Option Acceptance Date. 6.0 Seller's Represent::ttion. Seller hereby represents and warrants to Buyer as of the Effective Date and as of the Closing Date as follows: 6.1 Seller's A I1thority. Seller has legal right and ability to sell the Property pursuant to this Agreement. The execution and delivery of this Agreement by Seller and the consummation by Seller of the transaction contemplated by this Agreement is within Seller's capacity and all requisite action has been taken to make this Agreement valid and binding on Seller in accordance with its terms. 6.2 No T ~r:al R::tr. The execution by Seller of this Agreement and the consummation by Seller of the transaction hereby contemplated does not, and on the Closing Date will not, result in a breach of, or default under, any indenture, agreement, lease, instrument, pending guardianship, obligation or the agreement of limited partnership, limited partnership certificate or related instruments affecting the Seller, to which Seller is a party and which affects all or any portion of the Property, or to Seller's knowledge, constitutes a violation of any Governmental Requirement. 6.3 No Defal1lt. Seller is not in default under any indenture, mortgage, deed of trust, loan agreement, lease or other agreement to which Seller is a party and which affects any portion of the Property. 6.4 Iitle. Seller is the owner of marketable title to the Property. No later than thirty (30) days prior to the Option Acceptance Date, Seller shall provide proof to Buyer that it has obtained Final Judgment Quieting Title to the Property in the name of the Seller and that the Seller owns fee marketable title to the Property, free and clear of all liens, encumbrances, and restrictions of any kind, except the permitted exceptions and encumbrances of record which will be paid at closing. 6.5 T .itir:::ttion. Other than the filing of a Quiet Title Action, there are no actions, suits, proceedings or investigations pending or, to the knowledge of Seller, threatened against Seller or the Property affecting any portion of the Property. 6.6 P::trties in Possession. There are no parties other than Seller in possession of any portion of the Property as a lessee, tenant at sufferance, or trespasser. S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Saie Agreement.doc 4 6.7 HlIy~r's Rem~dies for Seller's Misrepæsent::ttions. In the event that Buyer becomes aware prior to Closing that any of Seller's warranties or representations set forth in this Agreement are not materially true on the Effective Date or any time thereafter but prior to Closing, and in the event Seller is unable to render any such representation or warranty true and correct as of the Closing Date, Buyer may either: (a) terminate this Agreement by written notice thereof to Seller, in which event the parties will be relieved of all further obligations hereunder; or (b) elect to close under this Agreement notwithstanding the failure of such representation and warranty, in which event the Closing shall be deemed a waiver by Buyer of the failure of such representation and warranty. 7.0 Hilyer's Represent::ttions. The Buyer hereby represents and warrants to the Seller as of the Effective Date and as of the Closing Date that Buyer has full and complete authority subject to compliance with Chapter 166, Florida Statutes, the City of Boynton Beach Charter and Code of Ordinances, to purchase the Property and to comply with the terms of this Agreement, and the execution and delivery of this Agreement by Buyer and the consummation by Buyer of the transaction hereby contemplated are within Buyer's capacity and all requisite action has been taken to make this Agreement valid and binding on Buyer in accordance with its terms. 8.0 Conditions Precedent to Closinr:. Each of the following events or occurrences (the "Conditions Precedent") shall be a Condition Precedent to Buyer's obligation to close this transacti on. If the Conditions Precedent have not been satisfied on or before the Closing Date, Seller shall have ten (10) days within which to satisfy the unsatisfactory condition and should Seller not have done so within said lO-day period, Buyer shall have the right to either (a) terminate this Agreement by giving notice thereof to Seller, whereupon Buyer and Seller shall be relieved of all further obligations under this Agreement; or (b) waive the condition precedent and close. 8.1 Represent::ttions. The material representations and warranties made by Seller in this Agreement shall be true and correct on the Closing Date subject to the lO-day extension provided in Paragraph 8 above. 8.2 Seller's Ohlir:;:¡tions. Seller shall have performed all covenants, agreements, and obligations and complied with all conditions required by this Agreement to be performed or complied with by Seller prior to the Closing Date. 9.0 Closinr:. The Closing shall occur at a mutually agreed time on or before sixty (60) days subsequent from the Option Agreement Acceptance Date and shall take place at 10:00 AM at the law offices of the City Attorney for the Buyer. 10.0 Seller's Closinr: DO~lIments. At closing, Seller shall deliver the following documents ("Seller's Closing Documents") to Buyer: 10.1 W::tIT::tnty Deed. The Warranty Deed shall be duly executed and S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement-doc 5 acknowledged by Seller so as to convey to Buyer good and marketable fee simple title to the Property free and clear of all liens, encumbrances and other conditions of title, other than the Permitted Exceptions. 10.2 Me~hanic's T .ien Affidavit. A mechanic's lien affidavit in the customary form, attesting that (a) no individual, entity or Governmental Authority has any claim against the Property under the applicable mechanic's lien law, (b) no individual, entity or Governmental Authority is either in possession of the Property or has a promissory interest or claim in the Property (except Buyer), and (c) no improvements to the Property have been made for which payment has not been made. 10.3 G::tp Affid::tvit. An affidavit in form and content reasonably satisfactory to the Title Company to facilitate the insuring of the "gap", i.e., the deleting as an exception to the Title Commitment any matters appearing between the effective date of the Title Commitment and the effective date of the Title Policy. 10.4 FTRPTA. A FlRPT A Non-Foreign Entity Transferor Certificate or Exemption Certificate or document evidencing withholdings, in accordance with Section 1445 of the Internal Revenue Code. 10.5 Form DR-219 as required for recording. 10.6 Form 1099-R. Such federal income tax reports respecting the sale of the Property as are required by the Internal Revenue Code. 10.7 Pl1hli~ Dis~losl1re A ffid::tvit. An Affidavit In accordance with the provisions of Section 286.23 Florida Statutes, ("Public Disclosure Act"). 11.0 Hilyer's Closinr: DO~llments. At closing, Buyer shall deliver the following documents (Buyer's Closing Documents) to Seller; 11.1 City Commission Approv::tl. A certified copy of the Resolutions, Minutes or Agenda Actions of the pertinent meeting of the City Commissioner showing that Buyer has been authorized to enter into and execute this Agreement and consummate the transaction herein contemplated. 11.2. Closinr: St::ttement. A Closing Statement mutually acceptable to both Buyer and Seller. 12.0 rlosinr: Pm~enme. The Closing shall proceed in the following manner: 12.1 Tr::tnsfer of Fllnns. Buyer shall pay the Purchase Price to the Seller by S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement.doc 6 wire transfer to the account of the Seller. 12.2 Ddivery of DO~\Jments. Seller shall deliver Seller's Closing Documents to the Buyer and Buyer shall then be obligated to transfer the sale proceeds to the Seller. 13.0 Closinr: Costs_ Taxes, Pror::ttions ::tnd Tmp::t~t Fees, 13.1 Ad V::tlorem T::txes. If applicable, Seller shall comply with Section 196.295, Florida Statutes, with respect to the payment of prorated ad valorem taxes for the year of closing into escrow with the Palm Beach County Revenue Collector. Buyer shall take no action prior to closing to impair or adversely affect the City's zoning classification of the Property for ad valorem tax purposes. 13.2 ~r's Closinr: CC1S1s. Buyer shall pay for the following items prior to or at the time of Closing: Lien searches, and cost for a title search/data; documentary stamps on the Deed; Recording of Deed; owner's title insurance premium; survey costs, and related expenses. 14.0 Possession. Buyer shall be granted full possession of the Property at Closing. 15.0 Condemn::ttion. In the event of the institution of any proceedings by any Governmental Authority, other than the City of Boynton Beach, which shall relate to the proposed taking of any portion of the Property by eminent domain prior to Closing, or in the event of the taking of any portion of the Property by eminent domain prior to Closing, Seller shall promptly notify Buyer and Buyer shall thereafter within fifteen (15) days after receipt by Buyer of the notice from Seller either (1) terminate this Agreement, whereupon Seller and Buyer shall be released of all further responsibility and obligations hereunder; or (2) proceed to close this transaction. Seller hereby agrees to furnish Buyer with written notice of a proposed condemnation within five (5) business days after Seller's receipt of notification. Should Buyer terminate this Agreement, the parties hereto shall be released from their respective obligations and liabilities hereunder. Should Buyer elect not to terminate, the parties hereto shall proceed to Closing and Seller shall assign all of its right, title and interest in all awards in connection with such taking to Buyer. 16.0 Notice. Notices shall be in writing delivered by hand, or by certified mail, return receipt requested, or overnight delivery by nationally recognized service, to the addressee at the address set forth herein, or by facsimile transfer, and shall be deemed to have been delivered on the date of receipt of such notice, if hand-delivered, or, if mailed, on the date the receipt for which the certified mail is signed or refused, by the addressee or its authorized agent or employee, or if by facsimile transfer, by confirmation of transmission. Either party may change the address for notice S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement.doc 7 to that party by delivering written notice of such change in the manner provided above, such change to be effective not sooner than ten (10) days after the date of notice of change. If either party relies upon a hand delivery as described herein, then the party using this medium shall maintain an appropriate receipt of delivery, in the normal course of business. BUYER: Kurt Bressner, City Manager City of Boynton Beach 100 East Boynton Beach Blvd. Boynton Beach, Florida 33425 With a copy to: J ames A. Cherof, City Attorney Goren, Cherof, Doody & Ezrol, P.A. 3099 East Commercial Blvd., Suite 200 Fort Lauderdale, FL 33308 SELLER: Benjie Sperling P.O. Box 7058 Hollywood, FL 33081 With a copy to: Steven L. Jones, Esq. 9999 N.£. 2nd Avenue, Suite 216 Miami Shores, FL 33138 17.0 Assir:nment. The Agreement shall not be assignable by either party. 18.0 Defmllt. If the Buyer shall fail or refuse to consummate the transaction in accordance with the terms and provisions of this Agreement, all monies on deposit and interest earned on the deposit shall be forfeited to Seller as agreed upon liquidated damages, and Buyer shall have no other responsibility or liability of any kind to Seller by virtue of such default. In the event of a default by Seller, the Buyer shall have all remedies available to it which shall include the return of the earnest money and accrued interest as liquidated damages and/or equitable relief such as specific performance. The Buyer should be entitled to equitable relief to enforce the terms and conditions of this agreement either through a decree for slJecific perfOlmance or injunctive relief. 19.0 Mis~ell::tneo11s. 19.1 C011nterp::trts. This Agreement may be executed in any number of counterparts, anyone and all of which shall constitute the contract of the parties. The paragraph headings herein contained are for the purposes of identification only and shall not be considered in construing this Agreement. S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement-doc 8 19.2 Amendment. No modification or amendment of this Agreement shall be of any force or effect unless in writing executed by both Seller and Buyer. 19.3 Attorneys' Fees. In the event of any litigation arising out of this Agreement, parties agree to bear their own attorneys fees and costs. 19.4 Governinr: T ,::two This Agreement shall be interpreted in accordance with the laws of the State of Florida, and venue for any action shall be filed in the appropriate court located in Palm Beach County, Florida. 19.5 Entire Ar:reement. This Agreement set forth the entire agreement between Seller and Buyer relating to the Property and all subject matter herein and supersedes all prior and contemporaneous negotiations, understandings and agreements, written or oral, between the parties. 19.6 ComplJt::ttion of D::tt~s. If any date computed in the manner herein set forth falls on a legal holiday or non-business day or non-banking day, then such date shall be extended tot he first business day following said legal holiday or non-business day or non-banking day. 19.7 Time is of the Essenœ. Time is of the essence and failure of the Buyer to exercise the option granted hereby on or before the Option Acceptance Date shall cause this Agreement to terminate and be of no further force or effect. The provisions herein contained shall be strictly construed for the reason that both parties intend that all time periods provided for in this Agreement shall be strictly adhered to. 19.8 No Re~ordinr:. This Agreement or any notice or memorandum hereof may not be recorded in the public records of any county in the State of Florida. 19.9 No Brokers. Seller and Buyer each represent to the other that it has not dealt with any broker, salesperson or agent in connection with the execution and delivery of this Agreement, and the other party shall not be required to pay any commission whatsoever with respect to this Agreement resulting from the actions of the party making such representations. Seller and Buyer each indemnify and hold each other harmless from and against any and all losses, costs, damages, liabilities and expenses (including without limitation, reasonable attorneys' and paralegal fees) resulting from a brea.::h by the indemnifying party of the foregoing representation. 19.10 Aœept::tnœ of De~d. The acceptance of the Deed by Buyer shall be deemed full performance and discharge of every agreement and obligation on the part of Seller to be performed pursuant to this Agreement, except those which are specifically stated to survive delivery of the Deeds and closing. 19.11 Tnterpret::ttion. Should any term or provision of this Agreement be subject to judicial interpretation, it is agreed by Seller and Buyer that the court interpreting or construing the S:\CA\Departments\Community Redev\CDORev 051404 CDC - Lot 2 Purchase and Sale Agreement-doc 9 · . same shall not apply a presumption that the term or provision shall be more strictly construed against the party who itself or through its agents and attorneys of each party have participated in the preparation of the terms and provisions of this Agreement and that all terms and provisions have been negotiated. 19.12 C::tptions, He~dinEs, Et~ Captions, headings, section and subsection numbers in this Agreement are for convenience and reference only, and shall have no effect upon the meaning of any of the terms or provision herein. 19.13 W::tiver. Failure of either party to insist upon compliance with any term or provision hereof shall not constitute a waiver thereof, and no waiver of any term or provision of this Agreement shall be effective unless it is in writing and signed by the party against whom it is asserted. Any waiver of any term or provision of this Agreement shall only be applicable to the specific term or provision and instance to which it is related, and shall not be deemed to be a continuing or future waiver as to such term or provision or as to any other term or provision. 19.14 No Thirò P::trty R~nefi~i::try, The terms and provisions of this Agreement are for the exclusive benefit of Seller and Buyer, and not for the benefit of any third party, and this Agreement shall be deemed to have conferred any rights, express or implied, upon any third party. 19.15 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 health unit. 19.6 R i Eht of Entry Seller hereby grants to Buyer the right to enter upon the Property during the term of this Agreement to inspect, investigate and conduct tests and environmental audits on the Property and take whatever action Buyer deems necessary or desirable to determine the Property's suitability for Buyer's intended use. Buyer shall restore the Property to the condition existing prior to Buyer conducting any tests on the Property pursuant to this Paragraph. Buyer shall, to the extent permitted by law, hold Seller harmless for any damage resulting from the failure of Buyer or the agents, contractors, employees and representatives of Buyer to exercise reasonable care in the conduct of such tests, inspections or examinations or, in the alternative, provide to Seller a Certificate of Insurance reflecting that the Buyer shall insure Seller to protect it from any liability arising from the testing and investigation of the Property. Buyer agrees to give Seller reasonable telephone notice and an opportunity to accompany Buyer or its agents when conducting reviews, inspections, or tests, as well as the contents of any documents or studies conducted by Seller and provided to Buyer pursuant to this Agreement, except as may be necessary in order to effectuate the closing of this transaction or upon lawful order of a governmental authority. Buyer agrees to provide, if requested, to Seller copies of all inspection reports, studies and test results. Any and all costs associated with the reproduction of these reports, S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC, Lot 2 Purchase and Sale Agreement.doc 10 studies and test results shall be borne by Seller. Buyer shall timely pay for and hold Seller harmless from liability for all tests, services, inspections, audits and examinations performed on Buyer's behalf under this Paragraph so that the Property does not become subject to any liens. Buyer has no authority or right to create liens upon the Property. If such a lien occurs, Buyer shall remove same by a statutorily permitted bond or otherwise within five (5) days of Notice from Seller. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date indicated below. SET .T ER WITNESS~] . ~r~~ ~~~~ ~\~¿z- Date Executed: ,5- ~f-o'i (Pri e)~ G l-e/) /1 (C ft'/e--c... . (Print Name) BUYER: CITY OF BOYNTON BEACH, A FLORIDA MUNICIPAL CORP. A TrEST: BY:~ ~'tn.P~ Kurt Bressner, City Manager & - \ 7- ()'1 . Date Executed S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement.doc 11 EXHIBIT "A" I ,RG-A I. ORSCRIPTION ROLLING GREEN RIDGE 1 ST ADDITION, Lot 2, Block 27 (Less NL Y 27 ft for 1-95 R/W) PCN: 08-43-45-16-01-027-0020 . S:\CA\Departments\Community Redev\CDC\Rev 051404 CDC - Lot 2 Purchase and Sale Agreement.doc 12 Palm Beach County Property Appraiser Property Search System Page 1 of 2 Gary R. Nikolits, CFA Palm Beach Cou nty Property Appraiser Public Access System Property Information Location Address: NW 22ND AVE ~ IShOW Map,, Municipality: CITY OF BOYNTON BEACH Parcel Control Number: 08-43-45-16-01-027-0020 Subdivision: ROLLING GREEN RIDGE 1ST ADD IN PB 24 PGS Official Records Book: 14695 Page: 1860 Sale Date: Jan-2003 LID . r ROLLING GREEN RIDGE 1 ST ADD LOT 2 BLK 27 (LESS NL Y 27 FT FOR ega escnp Ion: 1-95 R/W Owner Information Name: SPERLING BENJIE Mailing Address: PO BOX 7058 HOLLYWOOD FL 33081 2003 Certified Appraisal I structural.,, Improvement Value: SO Number of Units: Land Value: $12,000 * Total Sq. Ft: 0 f Extra... I Market Value: $12,000 Acres: .00 r Land", I Use Code: 8900 Description: MUNICIPAL * in residential properties may indicate living area. 12003 Cerlnied Tax Ad Valorem: $286.79 ~ (Tax CalCulato~ Non ad valorem: $0.00 Total: $286.79 I Deti! iJ... I 2003 Certified Assessed & Taxable Values Assessed Value: $12,000 Exemption amount: $0 (2003 Exemption) Taxable: $12,000 Exemption Information Unavailable. Sales Information 8ale.s...Date Book Page Price Instrument Owner Jan-2003 14695 1860 $2,030 TD SPERLING BENJIE Jul-1995 08865 0087 $100 QC Nov-1986 05086 0421 $5,000 QC Mar-1983 04074 1907 $5,000 WD Print Information I ! Home I I Back L ! Search! ! Search Resuit ! q ¡::>=<J P1eªsesefJcJLJsyoLJrff!!edþªck Copyright © 2002 by Palm Beach County Property Appraiser http://www .co. palm-beach .fl. us/papa/main! detaiLinfo. asp?p _ enti ty=08434 516010270020 6/4/2004 Page 1 of 1 Gary R. Nikolits, CF A Palm Beach County Property Appraiser Property Mapping System -''I",u~~1 Identirv /1 Lavers / r Parcel Control Number 1108434516010270020 II GO I I I (e!]. 74434322120080010) ~ St'ee' Int...sectlon I I land I GOI ~BY City I ,-----~---- 1-- Choose a Municipality -- .:.1 _---/---'-~ I P Ring~ Towns..:....h. ip, sec. tion I _~----- ! R 35... T r:EJ S ß i I, ..... 0020 00111 , T ' ! 00111 i I '; I I ; . , ¡----L-i" I -- I - - i I I , ___-----i :1-- oo.:;.(f L------~ i I ~ Legend Palm Beach County Property Map r--l P eI B d Map Scale 1 :669 L-.J arc om ary ~ Lot nuITber Copyright Palm Beach County 2003 All Rights Reserved - Subject to a License Agreement. Map produced on 6/4/2004 from PAPA http:// gisweb .CO. palm-beach.fl. us/papagis/presentati on/mapping/printnew .asp ?MAPURL=http://gisweb.co.... 6/4/2004