ANNEXED PROPERTY WITH A PORTION TO BE DEDICATED AS PARKLANDS
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AG R E E ME N T
THIS AGREEMENT made and entered into this 'e:K Lj~
day of June, 1975, by and between Northwood Estates, a co-
partnership under the Florida Uniform Partnership Act, here-
inafter called First Party and the City of Clearwater, Florida,
Q. ffiUI).iciual corporation,
nere1naLter c~lled Second Party:
WIT N E SSE T H
WHEREAS, certain real property owned by First Party
is in the process of being annexed in to the City of Clearwater,
said property being known as "Northwood Estates", and
WHEREAS, it is necessary that a portion of said property
be conveyed by First Party to Second Party to be dedicated
by Second Party as parklands, for use by the public, and
WHEREAS, it is the desire of the parties to describe
the properties within Northwood Estates to be conveyed and
dedicated and to provide for the time of conveyance by First
Party to Second Party.
NOW, THEREFORE, it is agreed as follows:
1. That the total acreage from Northwood Estates that
is required to be conveyed to Second Party for parklands is
35.1 acres, and that in the alternate the cash equivalent
may be paid to Second Party at $10,000.00 per acre.
2. That attached hereto marked Exhibit" A" and by
this reference made a part hereof is the Northwood Estates
Comprehensive Land Use Plan. That pursuant to said Exhibit
"A" Tract N consisting of 7.37 acres and Tract J consisting
of 20.76 acres will be conveyed to Second Party prior to the
effective date of the ordinance of annexation. That the total
acreage thus accounted for is 28.13 acres.
3. That in addition First Party will convey to Second
Party two well sites within the east tracts each being one
acre, the exact location thereof to be mutually agreed upon
by the parties, said conveyances to be within ninety (90) days
from the date of this agreement.
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4. That there will then remain 4.97 acres to be
conveyed by First Party to Second Party or the cash equivalent
thereof to be paid by First Party to Second Party at the rate
of $10,000.00 per acre.
5. That with specific reference to the remaining
4.97 acres it is understood and agreed that First Party has
reserved a parcel of 10 acres in the Southwest corner of
Tract F as shown on Exhibit "A" for sale by First Party to
the Pinellas County Board of Public Instruction (Board) for
school purposes, and that First Party has agreed to hold said
parcel for a period of three years, within which time the
Board shall determine whether or not to purchase same. That
First Party will, prior to June 26, 1975, pay to Second Party
the cash equivalent of the 4.97 acres, namely $49,700.00 and
upon such payment the requirements of the ordinance regarding
parklands shall have been met by First Party. Provided,
however, that First Party does hereby grant to Second Party
an option to purchase up to 4.97 acres of land within the 10
acre parcel being reserved for the Board as hereinbefore
referred to at a purchase price of $10,000.00 per acre under
the following terms and conditions:
A. In the event the Board purchases less than the
10 acre parcel, that portion remaining, or any part thereof, up
to 4.97 acres may be purchased by Second Party at a purchase
price of $10,000.00 per acre.
B. That First Party will within fifteen days
after the Board makes a decision to purchase, or not to purchase,
notify Second Party in writing of that decision. The notice
shall be sent by United States Mail, or personally delivered
to the City Manager, City of Clearwater, at his office in
Clearwater, Florida, and shall specifically state the location
and number of acres the Board has elected to purchase, and the
location and number of acres that are available for purchase by
Second Party under the option herein provided for.
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C. That Second Party shall have sixty days from the
date the City Manager receives the aforesaid notice, within
which to elect to purchase and Second Party shall within said
time notify First Party in writing of its election, stating
the quantity of land Second Party desires to purchase. This
notice shall be sent by United States mail, or personally
delivered to the President of CFS Service Corporation at its
offices in Clearwater, Florida, the mailing address being
P. O. Box 4608,Clearwater, Florida 33518.
D. Closing shall take place within forty five
days following receipt of the written notice from Second Party
and conveyance shall be by Warranty Deed and payment there-
fore shall be in cash. Taxes shall be prorated as of the date
of closing.
E. In the event the land purchased by Second
Party as herein provided will not abut a street or road right
of way as shown on the Comprehensive Land Use Plan and thus
would be inaccessible, then and in that event, First Party will,
at the time of closing and at First Party's expense, furnish
to Second Party a permanent easement for ingress and egress
adequate for vehicular traffic.
F. It is understood and agreed that in the event
the Board purchases the entire 10 acre parcel that Second Party
has no further rights hereunder.
It is understood and agreed that the purpose of this
agreement is to bind First Party to convey to Second Party
35.1 acres of land to be dedicated by Second Party for public
use, or to pay Second Party the cash equivalent thereof at
$10,000.00 per acre, and shall be binding upon the First
Party, its successors and assigns.
IDS WITNESS WHEREOF, the parties hereto have set their
hands and seals the date first above written.
NORTHWOOD~ST TES,.. it ~-p.ar'tnership
CFS SERV.. ICE. ,'~"J~.' -1,Fla..,.#o~~OratiOIl
BY:U, "/J//J/6-?,i~1f;;;:)
p~iident. . APartne"~
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A Partner
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Countersigned:
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By
Act
, F.~,O IDA
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As to City
STATE OF FLORIDA
COUNTY OF PINELLAS
I HEREBY CERTIFY that on this day before me, an officer duly
qualified to take acknowledgments, personally appeared W. CAL BLACKSTONE,
President of CFS SERVICE CORPORATION, a Florida corporation, A Partner,
and WALLACE W. BLACKBURN, A Partner, of NORTHWOOD ESTATES,
a co-partnership under the Florida Uniform Partnership Act, to me known to be
the persons described in and who executed the foregoing instrument and
acknowledged before me that they executed the same.
WITNESS my hand and official seal in the County and State last afore-
said this 24th day of June, A. D. 1975.
My Commis sion Expires:
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Notary Publ1c '- .',
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STATE OF FLORIDA
COUNTY OF PINELLAS
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I HEREBY CERTIFY, that on this ~-a- day of ~e, A. D. 1975,
before me personally appeared Anthony L. Shoemaker, Guy L. Kennedy, Jr.,
R. G. Whitehead and Gabriel Cazares, respectively Acting City Manager,
Acting City Attorney, City Clerk and Mayor-Commissioner of the City of
Clearwater, Florida, a municipal corporation, to me known to be the individuals
and officers described in and who executed the foregoing instrument and
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severally acknowledged the execution thereof to be their free act and deed as
such officer s thereunto duly authorized; and that the official seal of said
municipal corporation is duly affixed thereto, and the said conveyance is the
act and deed of said corporation.
WITNESS my signature and official seal at Clearwater in the County of
Pinellas and State of Florida, the day and year last above written.
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Notary P~lic /" :. ' - ~ _
My Commission Expires:
Noki,y Public, State of Florida at tar'J'!
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My C;OIlQ\\ISSIOO c)(p1rc~ Sv,..l. .
Ionded by AmericQn fire II C9i'l,:II: S~\
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CONT"JIVII/f uu ~ ,.... .....'r.
'NDRTHWOOD ESTATES.
ctJ/IIIPReHENS/VE LAND USE PLI'tN
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PltELIIllINARY 61TE ~