PURCHASE SALE AGREEMENT (2) R iwt, Jum
S1 11 1Da I I -I w-�0_2 83
N : 11103-0004
11URCHASE SALF ACREEMEN"r
THIS AGREF1,ME'NT, Lulled khe "AgjLecmcw", mmlk� and cipwtcd into by and between CSX
TRANSPORTATION, IN'G, as Virginia corporation, NNhosc address is c/o CSX Real property, Inc. - 1915, 6737
1 1c, Horida 32216-6177, hereinafter caHed the "ScHer", and the CITY ()F
Southpoint Dme South, Jacksorivil
CLEARWATER, FLORIDA a municipal corporation of the State of Florida, whose address is P.O. Box •474&
Clearwater, Florida 33758-4748,hereinafter called the "Buycr",provides:
L PURCIIASE AND SALE: F(M- VAiaNc consideration, the reccipt and sull'iciency of which arc hereby
ac know ledged,Sellera-rces to scH and Buyeragreesto buy the kandor property 6 -idenfif
-ghts shown or aed ona Exhibit
"A", attached hereto and made a part hercof, ("Rrcmises"), containing 0,40 acres, more or Im, pursuant to and in
a ccorda rice, vviffi the terms and coriditions of this Agreement. Hie Premises is located in Clearwater. COUMV Of
Pinellas"State of'Florida.
2. PRICE: The Purchase price Im-the Premises is NVNE' ANT)NO/100 U.S. DOLI-ARS ($9.00) per square
foo, roundcd up to the nearest hundrod dollai-s,based upon flie survey obtained by BU�'Cr 13UT-u.IKMI to Sectpon 8.1. H,
Ulosingv (as defined in Section 1.I herein)occurs, after December l.2015 due to delay by Ruyer, the purchase price
flor the I'minis" is Et.']'W"N' AND NO/100 (J.S. DOLLARS (SI L00) per sqimic foot, rounded up to the nearest
hundred dollars,biased upon the survey obtained by Buyerpunsuarittea Section "Purchase Price").
3. DE POS IT:
3J A non-interest bearing deposit payable to the order of Sel[cr in the aMOUT111 of' FlIGHTULN
l"I R.A.,SANDANDNOM U.S.DOL,L,A RS(S I 9,000.0�0 (hereinaller the Buyer'sexecution
or this
Agreement. Hic balance of" the Purchase Price shall be paid at settleinent or ck)sing of the transaction
(hereinafler the "Ciosing")i in cash, by cerfificd or cashier's check, or by other readily available Funds acceptable to
Seller,-
4. OFFER,ACC'ETTANCE,CONTRACT:
4.f Until accepted by ScHer, BILJYO-';; offer io purcha,,w the Premises (hercinafter the "Offer") as
evidenced by its execution and delivery cif this Agreement shall be as firm offer for as period of T1 11RTY (30) days
frsyjj flee (J tte (fl'BLiycr's act:eptam:u uC this Agivemcn t, Sellel- s
, accepuince of the Offer is to be evidenced by its
execLai on of this A,rccment (the "Fxecution Date"). Failure of SO lei- to acccpl Buyer',,, Offer kind execute this
Agreement within the above-mentioned period shall render the(Afer ntilt and void.,and the Deposit shall be returned
to Buyer,
4.2 This Agreement, when accepted by Scher, shalI consfia.ite a contract and the entire agreement
between the parties hereto, and they shelf not be bound by any tiernj�s, (anal or WHUCII conditions, statements, or
reprmntations,not contained herein or attached hercto.,
4 ') \eithor ific ffityer's Offer nor, upon its execution by aH loarties, thus Agwement may be changed,
altered r madificd except by an instrument in writim, signed by BoY cr and Seller.
4.4 Hic Buyier:'s Offer and this Agreement shall he executed in duplicate,catch ol'x0flch may be treated
as an oi-igimal,
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5. @0N'TUNG E XCUF8«
� \ This &,�mzmcmtis contingent mpun the �Io<k.v imgcvoms
a. Soell^mo7. 8` \O. |J and Whc,c'M
52 The opnbogfncic» listed in Susino 5A above rnwm bCzufiaGcdo,00HIpUied with hy0ktabcr US.
2013 Ohm "Contingency Date"). 11'the cmmimgencics ;igud in Section 5J are molsat{s6cd or complied vvidn by the
ComUagenoy Date, Buyer may, at Buyer's Sole opnkm, U]"m m oel`oimWC ffii^ A"Ieu11011b> wdmcn m004X w 3VIkI
given owarbetbx: the Contingency Date. It'terminated, ibu Uoycrsha\| bccotitkdtma refund ofdmc Deposit, and
Mwymr shall h/rmshScUcr with a copy of-all materials and inhammoaiom (including but mox limited uo any eng}muernng
reports, studies, maps, site characterizations and/or zoning related matcriflo)developed by Buyer during the tcon mf
vhis&greemcmt relating\mthe potential use mr the pbyoioal condition mf the Premises. [fw,iucnnubocmo terminate iu
not givcn by Buyer to Seller onnrbefore the CombnAcmuy 0au: rhoqpdow to terminate and the contingencies dha|ll
he deemed waived, the DmposhuhuU not be refunded to the Buyer, and Buyer and 8cVicrwiM prmucud m Closing in
accordance with the onnuiuimg te,msofthis/\grecmcyx.
4. D F Vnr
6.1 Ao early wupmudcab(e a0erW,e L'xvcotipu Date, Seller will prrpnoand s'nhnn{tuo Buyer,for 8uycr'a
comments,u form ufdeo6Moomtonmnmmc with Hvn terms mfthisAgrecnmemtta convey the Pren ipnetm0uyer, Buyer
^hniY have pu,iwd mrfivQ (5) bw5imcmmdny* aftc, receipt uf said deed xo cmxwvio* onmewnd mvffy Seller ofany
cmnmncm|a. If no commcmcy are received within the five(5)day period, Buyer shall be deemed to have approved the
deed in the form xubvnbud. SvNvr Shull have wu"b|ip6m` mmodiCy the dck�dcouvn6bvn`t* BvyQ,"scm^muCmt» it'W,k:
deed cmhcp,imu oun5onns tu the terms mfthis &��emev.
62 FhcoomvmJumccshoIU be by quitclaim deed comvcyimgaN of Seller's right,ndc and interest in the
Premises, ifan?,but shall he expressly sub���ttm�uU�xiuciog roads, fiber optic CacMihcs public utilities, all matters
ofrecord,any applicable zoningordinances and subdivision regulations and laws,laxcs and aumcuoxmomts,both general
and xpcciok which become due and Niyable after the date ofconveyance and whicli Buyer assumcs and agrees to pay�
all matters that would be revealed by a survey meeting applicable State minimum technical requirements or by an
inspection of the Pomism, thm items or oiallo's identified in Section Ut).| efdhis &-rcmnont, and all existing
orciipancie�,encroachmenk,,wqs and servimcles,howsoever creatcd and whelher recorded or not. 1-he pmris{onsey
this Section shall survive Closing.
6.3) The deed shall contain one ormorc 1'eu*imdvc cnvcnaut�, wcadiugsubsmmdaUy as f'oi\mv,s^ no rmo
with title op the rncnn[ocm^oolmbe binding upon Bm)cr, Buyer's heirs, legal representatives and 01'corporate
successors and uoaigns,or anyone claiming title to orhmYdinLl the llrumi.wathnmmgh Buyer:
Grantee acknowledges thal the Pretnises conveyed hercurider has bcen historically used for railroad
indmotrWopumtiumx and ishuimg conveyed fbr use oWymsimduxmiaIor commercial property, Gmmec^byacceptance
mKthis deed. hereby covenants xhow it, issmooessars,heirs, \egal represenwives orussignoa6allno*mse^huPnonmiscs
for any purpose other than industrial or commercial purposes and that the Premises wi\| not be used hnr <a> any
residential purpaycofmoy kind or nature{rcsidcnda| oscshuN be doQmud broadly to include. wiU:umt limitation, any
use ofdhc Premises byiodiv(dmm�oor Families fbrpurpuucsafpersonal living.dvc\|img,mr overnight accommodations,
whether such uses are in single family residences., apormcms. dup;exea, or other muVt|p|e rcsidcnbmU dNve|kogo^
xraUcrs,toUer porky_camping sites, motels, hotel s,or any other dwclhmg, use afany kiod). (b)any public or privale
school, duy com. or any orgaminrd |*m—�*rm or �h^rt lemm child omo of any kind-
(c) any recreational pmrwose
(recreational use shall be dc#uod broadly tm imclmdn, without \imixgiwm, esCasapublic park, hilking or- biking trail,
mb\wu�o ����� p,�ou�o, ur�whlio �whc�u� p�,��), (d� an� n�,��w|mra� pu�o»c /h� osuNa in, o, could pwtuu\iuOy
result in, the human cmn umptiouofcraps, cniivusouk raised on zhc property (apyicm|[nra| RuqmseshaD be defined
bvwmd\y, to inJvdc, vvidbomt fimbnhon. mcfivi/ic» 'such as Knnd Crop prvdvctic'n,duhT Osmmiwg. \hvcmmck hvccdiog and
keqpinL,, and cmhimuinm ufgmuing land that wuu|d ultimately produce. or load to the production o11 m product that
could be consumed bN, o human) or (c)� /hc cxmb|hshmcm/ o[ m miOgnimm bank and/or the aoUc. |cnsc, license,
pm� vz|n Io94
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opwv�vum000riu any way dimhboh000fmit�aiom �edi�. 0yzcccpwuncc o[\hisdncd.Gran�c &u1hc oov«�un�
lhouit. itvpucCem/�,hwivq,iegal v,x*i,r*nshoQnnvunc the gmumd�ucer underneath the Premises for
human consumption. irrigation,or other purposes.
NO ACC£SS: Grantee, by accntancoof this k1ccd, �:mvcnwm* nwd represents that Grantee owns property
wdjw|nhug the Premises and has access xmtile Pre/misco/bmagh Gnm,cc'nad rimimg property w,through other-property
Hot owned by Grantor. 0rum^cc, on its behalf, its hcim, personal reppuscuta6Wa, SmcccsuomunJ assigns, rc>emucx
oran,or, its successors and assigns. from any reapomaibi\k0/, vhNgwb,x or UubiNLy tmpunvidt:wullv^m twdvc P,uu^iuua
through Uuod now owned orsu6acqmnmtly acquired by Grantor. Should Grantee cvcr- uwmvcy [hc Pncmiscs, or any
pml[on thc/r*�to a third pmrly,(irmntmc will provide access to the Premises tbmu011 Grmntee`oad oiwingpropumy or
through other properly notmwmcd by Qrumnc
Prior to omomcncenocot of any development or construction on th« Premises, Gcmorco shall construct and
maintain, at Qmmlce's sole oaut and czpcnse, an adequate and ruixuhle ficnce along the southeasterly line of the
Premises which adjoioaGramior'o railroad track 6nrum|angus u railroad track exists nm the adjoining railroad operating
properly. Thc fence shall be ot'auypc xo«iaOxctmry to Grantor arid reasonably oo0iciumr«mkeep persons and vehicle,,,
�'rom tneopxemmgnw G,mn*or'p ad.oin.m�operuvipL! property-
MAMMA`! Grantee, by uccmptanuc of this deed, hereby co,cncnxx that h, its uucoc*som, heirs, icgo|
repreoemtativca or assigns xhm8 maintain the cuisllmg drainage on the Pmrmise� in yuu6 a manner as not to impair
a���mxrni�pnwJmp�smio�pro��nydrm�nm��wn4nmunr��irc�mrimo�am:c#e9mwndtyo,veloc|tyvfsw,face�n�r
mnnfToramy so-earns into Grantor's druinmgeoysrmn or upon the ad accm railroad operating, property mrexhcr lands
and faci\hicynfOrunror. Ifxhc Premises*runix6ng drwinaq4ca/cmodi�`icdwr;.aplove6.Ora,,tcc aL'rrc,tmQw`Sm'w#
mndmmimaio^ in accordance with all applicable statutes, ordinances, bmOdiug, and subdivision codes, covenants and
osmohuns` an mde4uu(ud,amagc system �_rmm chc Premises uo the nearest public or, mmu-Oranmr owned drainage mr
storm sieeer system,<n order to prevent the discharge mfnmf.omr5mcc,stream and other-drainage waters upon nsMroa8
operating property or other adJucent lands and I'aci|bioaof Grantor.
Qruotcc mckmmwfcdgea^bm1 06s deed is made apooQraexcc's solicitation arid rcqmwx,,amd was not in any
"/oy initiated by Grantor.800mtnr dpcs not repncumm\ox warrant to Grantee any evvnurs8|p ocestate in the Premises
or any specific dflc or interest in lhc Ppcntiscs, which constituted a grip ofGramtor'a bprmcr railroad operating
pnppu�y'_nwWGrnn/*e haruhy Grommr. its o#8cers arid agents, from ulnimordemunda-cmmlxing from this
dccd,urfrom any buMurcofmrdcf-ecl in Grun/ou^s title tmthe Premises.
Grantee hereby uWroe .us additional consideration for the conveyance mf the llrcmiws.subJcottouppficable
law (cmodtuoip^,al o, xxarvtory), to drfemd, in4cnmiFr and hold Grantor harmless from and against tiny and all
liability, |oss,cost amdibrmnpcoum, including reamomohleamooncy feos, arising out ofor \m connection witkany arid
al t suits*,'causes of actions,hmshtaxcd by third parties against Grantor n,Qom/ccwxa result orQ"c co,veyamvcwf|bu
llrenmi.wsmOnxoleemrmnm:nmbaftho[mHorcm/fit;e to any portion ofdhcPremises,
NCASE, L[G0T, FUML, VIBRATION A8ATG\IEN P Grantee, its successors and assigns,by acceptance
of this deed, hereby covenants and agrees with GrumorthutGrantorshall not be required Lo erect or maintain any
muiw., Ii@ht, f^nmuorvAogimu abatement orpcduc,ioos,FUclmpcmVaw anybmundary lines between the Premises arid
tkcad.jamcm iand(s)ol'Ciranlor or, any, ot1wr company affithailed with Grantor:or be liable for or required to pay any
pmmwfthe cost or expense oferecting or maintaining$LlCh abaterneirt or reduction structures or any 11art hereof;or h�
limbic For any damage, loss or injury that may row(thy reason ofthu nom-existmmmcorthe condition sfuwT noise,
Hgbx, fume orvibration abatement mr reduction u*ucc«m*- Om^"xcuas^vuvuuall liability and re^ppnsibilityu;mpe#in8
noise, light, Pume or vibration abatement or redmctiow structures and covenants not to swcGrantor. its suoncsaurs or,
assigos for exis�mcomf the noise, 6ghu_ fumes and vib�homs�nmGmmun�ampcmumnm�W�m��mmkno�V�4���vh�
|ko Grantors ad�mocnl railroad operation ixa24-buurmday, s'e*endoy o week uomfieuomsupmne\muc&emaT create
no|su.vibmriam. light.smmku and other inconveniences-.
Ps'� Page 4
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Grantee and Gramor'agree and ackno,wledge the covenants and e<6emcms containod in this Deed shall be
covenant,'; in gross" ,ind oat emonts "in �;ross" which sJmil remain hindin" earl Grantee. its successors' heirs, legal
representativesand assigns regardless o I'whelthe r G ranto r co tit i nues 14)own propert%,adJacent to the Premises. Gan tec
ackno,,N1edues O"antor w.vlll continue to have a substantial wilitcrQ i in wnfcwcQment ofthe said covcm.anls�aod o""Isements
wheiller or not Oramor relains title to property ad'iacenl to tht:I'r'a nrrnses.
7. TITLE SUARCIL UNSVIIANCE:
7.1 Buyer has the option ofarranoing an(] pay in- lbr such examination oftifle or title insurance on the
Preinises as, Ilwyer may desire,at Buycr's sole cost.
T2 Irrespectivc okOwther Buyer obtains a title examination or insurance. Buyer shall,O'Buyer cIoses
on the llrcmise ,,accept (tie Premises in its AS-IS., Wi IFRF-IS, WITI I ALL FNU L condition I'liv provi,ionr (if'
this Section "Al"di survive('10sing,
7.13 A information, Seller's source oCtifle to the Premises is believed to be:
G R AN�TO R DATE BOOK/PAO.,.
City otTlearwater 12/l5/1'970 347,3/909
tj Soj��Jy to JSSjSj JJaJyLej•in I'CVje'A�jjj�' title to the Premises and is not intended to.and
This information is provide
shall rw,)t he refied uporl. by Buyer,
7A 11" fllough all l'!Xaminaii(m of title as piovided in 7.1 above,tiikr is f6u•d Buyc• may,
terminate this Agreement and Deposit shall be reftinded 10 Dryer in accordance with Section 5,2 above.
8.1 Buyer shalt obtain to survey of tile Premises co rilorming to applicable state mininium technicat
requirements at Buyer's cxpense
8.2 By�October 15,2015 Buyer shall furnish Sellerwith a Incies and bounds descripiion of the Premises
in electronic tbrnnu and thrce (3) prints of a survey plat acceptable to Seller and to the Reco•der ofDoeds for the
COUnty or City in which the Premises is Iocaled,certified to Buyer and Seller, for use by Seller in preparation oaf the
deed and other papers. H'Seliar does not act X pl Buyvi's OfTei by cxcLa,aing,this A,
gicement, Seller ShAl reimburse
Buyer for the cost ofthe survey.and Buyer shall thereupon assign all rights flierein and copies thcreofto Seller,
9. CLOSING: Closing hereunder shall be held no later than F)ecemb�er 1. 20115, Seiler and Buyer agree that
the Closing may occur via delivery of funds and closing &cuments or at such other place as may be muwally
a ll in wrifing„ tine
_rceable to ScIler and Buyer. The lime and date f6r Closing may be exterided only by Sellet
CNj)rC`.Sly being oaf the essence in this Agreertlent.
10. POSSESSION: Buyer shatI oblain posscsiion of the Premises at Closin., subJect to the limitalions,terms
and conditienns of Section 6, of This Agrvonient, mid such n1her leases, licenses. easements. OCCUpancies or other
limitations which are identified by Section IN,or which are discovered by Seller during the term ol'thk Agreement
(\%,hich may not necessarily be stated in the deed), unless cancelcd by Seller or mherwxisc terminated (whQ-t1wr by
nolice. expiration.nonreliewal or any,other reason)prior to Closing,
10,I Sclier believes that the Premises is CUNV'Itly SLILIyCd to the IOHOWiTIg teases. HCOISCS,CaSCMOIUL",
occupancies and"Or Hinitations(%vhich may or may not be of'record):
0) Leases
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0H) I cm Occ u[mfio:i c"k a1 I ilat i oi i
- YK n c
Emements
- None
i)tiririg fli•. Harm of ilhis Agmement- Seller mill rescardi its archives for, and tall advFse Buyer if Seller discovers,
any additional leases, licenses, casements, occLipancies and 1, ni4alions affecting the 11rcinises. Likewise, during the
term orW Agre"ienL should bases or licenses listed W 0)or(h)above be detennined to coo era conthUng Seller
oNjadon. said Wase or heave "411 be retained by Sella, after MtiCC 10 Buyer. As to any, heiry discovered as as
C0rSe(jUCr1CC of SUCII rVWUFch, SCI[leF May Wt. W its We dkcretwin to either camel or whendse WmAnwe such
hems oq purwaM to Section 141..1,to assign or to partially assIgn, if mwh iwm is apoicablI to mi area greater duni
the Premises-to the Buycr at(,losing.
ScHer shall canLO Or WrlrhnaW,at 01"In-ior to Closing tile following: \fA
I03 2 IN"VENTIONALIA' own'Ell)
113 At CWMng.Scher shall assigns W Buyer and Buyer shall assume,ScHer"s QW.Me and interest in
all items Wendfied by Seetbn 10.1, or whiVII M-c saalrseciaaeaaaly diss;uvcfcd by selle . Unb"s canceW o othenvise
terminaied,at car prior to Closin.g,. I lowever. if such iurn is applicable v)an urea greater than the Prenhiscs,the Buyer
shall be included as party, to as p.artial ass4nnnsH ofthe Rem(O.which may be muted ahu UK,
l 0.4 1f,1)ri or to('10si rig,all I or a ny port imi of the 11w ises is lad ern em Ant hmai n or N to mi tect
of a periding tiking which has not yet pee► consurninmedy Seller shall nolify Huycr of such fact promptly alter.
obWnhg Uwwledge thereof and dHwr Buyer or Sclier AW have be right u) WnAnate his Agreemem by giving,
notice to the ethernet lawrthan ten 1.'10)days after the giving of SAWs nwke, Ifneither SeHer nor Buyer cleas to
tenninwe this Agmement as aforesaid. there-shall be no abwernent of the hirchase Price and Sellcr:tihall assign to
Buyer(whhout recoum,e) at the Closing We rwit"usaw u, me awwwN irm, Ar the talAng.and Buyer shall be
crahled to recebe mid keel)all awards for the taking of the Premises or 'wch poriion thercof.
115 H th4s emmqume WvMws sale of any buildings or wtrudurm mi the PrenOses. Seller shall
have no duty to MUM Buyer's interest or to muend or alter SOB's cAsting insunnce policAWL if any. to m0ecl
Buyce%Orem Dmmne M cir WMAn of the huNirys m mmawes shall not he grounds tar Bale•to lennhWe
this Agreement or to postporic Closing. Upon acceptance of Me Offer by SdW as evidenced by Seller's execution
or Ais Agreernem, be risk of damage to or d"rowhn of%bdidly car mmarures shall be borne by Buyer until
Ching or other termination of Kis Agreement. This 1arovision shall survive Closing or tennination,
116 Buyer imay, at its caption and at its sole = smue a policy of Fire and Lxtended Coverage
Insurance on the buildings or Structures.provided that Buyer's halbilil �fcm-daniage to or destruction of did bUdding'-"
or structures during the terin ot'litis Agrectnem shall not be hiniWd by Lhe amount of such insuranc.
IL ANNUALTAXE-S; 1141,\TS I,IIF\S- CIJARC.V`�:
I t.l AH anmwl or pciodic taxes or amessonwIs on he PwmNes. both generM and spreAd. shuH be
prorated as ch the Closing, Any proration shall be based ("i the taxes assessed apho (k WE W Ow year of he
delivery of po,',Wrs'�ion to orentry by Buyer and shall allow the inaximum discount pernhiled by It'currew taxes
assessed agahbi the ME are not available at the thic of Chning. Bnyrand Seller agree to proratc taxes based Uj)oJ1
the IWOSt tarp avadable to the parties and equimbly w1w the 1woration When taxes R)r the year of onq
";- IT\ 1:I I' 1:l 10, I'M I J I AN( (Y W A A 0 91 d A -flip:; I(P 1831 P S A& N q n H w I m T TA •ow v N M (0 0" %3 A w\
I"S iA-Po i 0
R,�i,od J 20
A V'J(d% 8.?alt i
iV PO,,,sessiotl become available,
1 L2 Any certified goverrlmcmai assessmews or liens, dbr improVC111011S M1 the Pil-CMiSCS Nii icily are dUC
and payaNc at the time ()if Closing shall he Paid in fuH by SQHoE„ and any pvndiug, licfEs ua asscssmenl,s f-or�
iniprovements not yet due and payiWe at Closint,shall be thereafter paid in ful I by Buyer.
I 1-a Any rents and license fees (individually in excess M'St,000.00 prorated amount 011 annual rental)
accrtunky to the Premises shall he prorated at Closing. with rents and Im prior to the elate of'Closing retained by
Seller.
12. TAXLS ON'TRANSFER; CLOSING COSTS.
t 2.1 Seller shall Pay all transfer taxes.howcvci styled m dcsiginalcd including ali doumimivaf)
Buyer shall pay recordim,'costs or fees or any sinfflar expense in connection with this Agreement,the conveyance of
the Premises or rwccssa%-Y to record the deed provided thai such fees or similar expenses,do 1),01 jUkldc documentary
stamps.
I1„, Buyer 01affl he. Solely respow.6ble for and shall 1my any reasses'smems or taxes generated by
reclassification ofthe Premises rmdUn_4 firon,a conveyance ofthe Premises,
123 Warty state or local governmental authority reqUil-CS,presently or in the future,Ilw paynirew of my
sales,use or similar tax upon the sate,acquisilion, use or disposition of any portion ofthe Premises, (whoher under
statute, regulation or rute),Buyer assumes all responsibility for and shall pay the same.directly to said authority.aind
shall hold Seller harmless from such tax(es)and arty into or penalty 0-tereon. Seller shall cooperate(,at nn expense
to Seller)with Buycr in the prosecution ofaity claim for refund, rehate or abatement of said lax(es).
1,2.4 Seller shall pay the cost of reerst-dirig any, release. or fien(s). In the eveint
BUYCr finaliCeS any portion of the Purchase Price (whether through third parties or from Seller). Buyer shall pay all
costs thercol"incloding recordation, intangible wxes,etc.
12,5 Buyer represents mid warrams that neither it nor its ofliccrs, directors oT coimolling owilurs are
auting. directly or indirectly, for or oil behial f of any person. group. entity or nation named by the I inited States
Treasury Department as as terrorist,-'SpeciaHy Dies,ignated National and Mocked Perwm-or Im-or on behalrofally
person, group,entity or nation designated in Presidential EAccutive Order 1.1224 as to person who commits,threatens
to commit,or supports terrorism; that neither it nor its officers, directors or controlling owriers are crigaged in this
tram',aclion,directly or indirectly,on hohalfol"or fm ilitaflng this transaction,directly or indireetly,on hehalfcif. ally
such person,group,entity or nation;and that neither it nor its officers,directors or controlfing owners tire in violation
of}1residemiai Exe"aivc Ordier 1-3224, the 1.]SA Patriot Act,the Hank `,�ecrocy Act. thQ Money Laundering Control
Act or any rquiations PrOlIlUlgated pursuant thereto,"
12.6 The Foreign investment in Real Property Tax Act (FIRPIA), IRC 14451. requircis that every
purchaser of'U.S. real propetly must, toeless an exemption applies. deduct and withhold from Seller's j.)roceeds ten
percent(100 offfic i4miss sales price. Tlic Primary exempt ions which Inight be appficable are: (a) :Seller provides
Buyer mith an affidavit under penally or pojury,that ScHer is not as Ibrcign persoil".as defined in FIRPIA,or (b)
Seller providos Buyer with a "qualifylrw suatemcnt",as defincd in FIRPI A, k,4ued by the internal Revenue',ewrvice.
ScHer and Buyer a-rce to execute and deliver as appropriate any instrurneni, affikhivil and stalement,and to perlbrin
UHY acts icasunably neccssairy to Carry out the provisions ofl]RPTA and rcgulatioos proimdgatcd lhcrCUndcr. Buy cir
and Seller shaH each irdeninify and hold harmless the ollicr with respect to any financitil loss, caused by the
ilidolimitying, party's ladure to tuttffl rts obligations under this,Paraoraph.
I 10, 1'1\1 H vs co,I o i I W),-I w 18;H"SA& LIeaw 18A1 (0t
R"n i 4 Jnnk .10l 4
Sp 1 1: 11): 1 1.-lWI-1W 18"
13. BVYER'S RIC .AND 0I Il ER LNSVECTION'S.
11.1 SubJect to and upon compliance with the terms, of this Section 13, during the term of' this
Aorcen'l-ent, Buyer and/or kS agmil.s Iluty be JmMitWd UP aICcC-55, 111C N-CMkCS, SUbject to the rights ot'any ienam.
licensee, utility or other third party occupying any portion of the Premises, in order to make surveys. make
measurenmits, conduct environmental or engmeermg lests (incli.Khno drilling and coring, liar precollsiruction sofl
analysis).and to make such physical inspections and analyses thereofas BLIyTr shall, deem necessary: PROVIDED,
however.that Buyer,and/or its agents,suh.ject to applicable law(constittitional or statUtory),hereby assumes all risks
of quch entry and agrees to dellend. indeninify and save Seller luarmless from and against any claim, cost 01,C"pCilse
resulthis, from any damage to or destruction of any property (inckidim, the Premises or any improvements thereon)
and any injury to or death ol'any lwrsonts). arising, from the acts or oinksions of Buyer and/or its apents in the
exercise of this right-of-entry. Buyer agrees, to do no act which would encumber title to tile Prenlises in exercising
this right-of-entry. Any drilling and cm ing htfle,Awlt be I'MCd Ul)(Al C0111pldi011 OFW'Sdilg. A H 41'Vestigadon-derived
waste, including wilhout limitation drilling waste, ground water and cirifings, shall be promptly handled,
characterized and disposed of properly and in accordance with all k.)cal,""Mate and Federal requirements,all at Buyer's
sole cost.
13,2 Bkmer shall give Seller ien (1(l) days prior written notice ofmiy entry'onto the P•ornises under this
Section 1 1 and provide Seller with a schedule and scope ofwork for each ofthe ad ivides Buyer proposes to undmake
during such entry, Upon receilm ot'thc re,,erves the right, in Seller',,-,sole discretion,to terminate this
1 Z71
Agreement or it'Seller permits, the testing, Seller reserves the rig
lit to monitor and approve all procedures in the
COndUCI 01'killy'erlVil•011111Cmal asses,,ouents,wsks,swd•cs, Ilwasuirmcnu.,on u dym:`r pet follned by on fol R uy eaa in,oll,
to or wilh respect to the Premises. Buyer may elect to test the Premises k)r environmenml conlamination. If Moyer
elects to conduct such tests, Buyer shall provide in any contract or bids for site assesslitent or clivironnicnial
inspections of flee Premises it "confidentiality chause", limiting diisclosure or the results and any report only to Buyer
(or to Seller, upon rcqUCM), SUb.lect to applicaMe law, including Chapter l 19. Florida Statutes. and all "insurance
clause,"requiring the ennipmiy selected h) the Buyer to perform the work to produce a certificate of•nsuranco naming
the Seller mid Biuycr as additional insured with the following coveral;e and linflis:
0 General Liability (CGL) insurance with coverage of not less than FIVE V111110N DOLLARS
($5.000,000)Combined Single I Julit per m:eurrcmv liar bodily iiijjury aml jmuj)e7fky dumagpu.
0 In addition to, the ahove-described CGI, insurance, lf' Buyer will undertake, or cause to be
undertaken,any consiruclion or cleinolition activity kvilbin fifty (50)feet of any Seller track or any
Seller bridge.trestle or tunnel,then BUyer a11,All ailso purchase,or cause to be purchascd,a policy 0'
Railroad Proteefivt, IAihilily (RPL) immrancc, naming Seller as the insured, with coverage of not
less than fAVEMILLION DOLLARS(55,000,000)Combined Single Limit per occurrence,with an
a,�
gregatc ol'TEN"MILLION DOLLARS(S10,000,000), Suc:h policy intm be written on ISO/RIMA
f6rm of Railroad Protective 111SUrance Insurance Services Offices Form No. CG 00 35, including
POHU6011 1•:XCIUSj011 AMVl1dl1WW C0 28 .3)1. .axt Seller*s option,in heat of purchasing RPL insurame
(but not CGL insurance), Buyer may pay Seller at Construction Risk Fee, currently THRFF
TI IOUSAND DOLLARS(S),000).an(]thcreby be relieved ofany obligadon to purchase said RPL
insurance,
Wol-Lers Compensation Imsurance as required by the suite in which dw Work is it) ho, perf'ormed
This policy shall include Employers' Liability Insurance Nvkh a limit of not less than ONE
N11ILLION DOL.L,NRS(St 0(y0.000)per Unless prohibited by law,such insuraticc's-hall
waive subrogation against Seller,
I
0 AWOMObik Liabihty IlISUrWICC ur) an mnoow not less than 0\1 MILLK.) % DOLLARS
(SLOW000)cmorim, all owned. non-owned and hired vehicle.,;.
mc.i���m,�lnu
�(TEM� FAK1_MI|H3|
AV/ oh X,20|5
Buyer»bn0also k**pSeller fuUisupp,ipcd*fth*prv�easuLmn�j procedure"h61 towed with m"p*pt
to, all suohemvimnwncmm|wwdk�a*dOm|Vyoompzomcpvithd< reasonable requests ofSmUerinundemukin�and omn�in�
out such work. [�oqmcaud by �eUcc Buyer ^haU y^cpm,c op|�� vo^^vp|�u (`vbic;� nxny them be n�pauoe|y m,,tcd at
Sell Ycr'yxule option and cost) hovdcNvery te Set cr and shuNdciivermSicUecatwm cost to Sic Ur�wixhin Five (51)day x
after receipt.oopicsofoU results. assess mc tits. reports umd stu4/ms,whether of cmviranmcmtul mmtu/r or otherwise,
n:sm|dog from any tests mrimsPuc {mms conducted hy Buyer pwFSmam|tu this Section 13or otherwise im accordance°/itb
this Agreement,Ator before Closing, Buyer shall provide Seller ar6amoc|uttor from Boycr's,consmftnmt, in6ommand
umbmomwr remspmnb]y acccr*ah|m mn SeHcc gmmtiog. Seller the hghc to nu|y on the environmental data and reports
glemcraeJ as part of buyer's mnvixnnmmmtal due dAfi@umcc, inu|ndim&I mhhmmx De|uuinn, mmy Phase I and Phase |[
Em°immmcnmi Site Assessment Reports. The reliance letter shulV not impose any additional,|im(tuuiomso,nrmrivdomu
on Seller's reliance on said data kind reports except as may be specified within the report documcn:sthcmsdi
13.3 Buyer uokmmw|edges that Scllcr mm�cy no guarantee, representation or warranty regmndiog the
physical orcinviromnentat condition ofthe Premises,and Seller expressly disclanns any and all obligation and liability
to Buyer rcgmrdhgany defects which inmy exist n'i0h respect k`the condition ofzhc Premises.
V3-4 Ifcnv/nonmewta\ contamination ufOle PncirliucsJo revealed by the studies, and tests umndmuucd by
Buyer pmPS'uon/ to Ibis Section 13, in an mnoont and/or concentration beyond: the miminnmom acceptable levels,
c9lmbU`bcd by current npp1icw6|u 8pvmmmmoental wwho,h]c,,, pt% if Buyer is mnpviU}imA to accept the cuvimmmcnluV
condition mf the Premises usen:suftof'»mchtests or assessments.Seller's and Bmyc/s sole and shall
hcmterniwanc this Agreement and refund the Dopo»i/m(tic Bwyec I�,idu,'m xhnUl8cRet be ieqai/cd
to correux, ocrncdy ormurc amf mamdidmn or covironmcnm| cnnuaonimadon of'thc Premises, which Buyer's tests and
studies may reveal,usacondition to('iouingur other performance hoummdcc
13�5 Provided SeVlcr does riot elect u`terminate t6is&-reenumtmyprovided herein, i[Bmyerio|ecls;not to
se ct.t,uen.inowmen'mVxes^oorinopo.rtivnn,orfai 1.�,tu^unminoue after reccintmy test results,Buyer shaI t^ake the Premises
^,ms is" at Closing, assumes alt /|uku associated with the cwvinommnemtxU condition of'the Premises, regardless of the
cause or date o[u,igin ol'u^ch condition; and ,rlcnscs p|V rights prclaims a,,minmt Seller rcln:ing,m such condition or
fbrmlyoonxsmfpcwcdim1imnorompomfam), mmvinonmcntu| oond{doo. SubjecrxuoppYicab|c |aw. (ommstitudmna| mmd
statutory), Buyer expressly osamonoo all oh1igudmn»` liability mid icupv,uihJity (b, phloirifl wnd/nr u*iwnuv�m��]
oondi«ionnafthc Preroiams,mid ugrec toJcfmd, protect, |udmnnifyumd hold Scilc,hunmAcsy §nm any and all lea,
darnages,suits,penalties,costs,liability.and/or expenses(includmo,but not Imkudmmmcwyuwuh;e investigative and/or
legal expenses,rmmediaxiun mod/orncmovmt ooma),arising out of'any claim(s), present, past or Future, for(a) loss or
dmmmgc to any property, including file Premises (b) inJuric» m or death of,in), person(s), (c) contamination ufpr
adverse effects upon the envfnwnmeni (�ir.ground nr nr(d>any vio�uaimwofstatutes. ordinances,orders,rmics
or regmimuimou of any govcmmenital rmtdy or agency, caused by or resulting from presence or existence nfooy
#wmqrdownmatcrinL hmemodouxsw6ssance^ Aazu,dwvo=mstc. pnRutaotwr contaminant(iuc!vd(ngpmmnCmmml product;)
in,mnor under the Pnuoniyes orany migration, escape or leakage of'sluch materials,substances. wastes, pollutants or
cumumimunts ,bcrobn^m Buyer acknowledges that the provisions of this Snrdom are deemed to be additional
consideration to Seller and the condition offlic Premises has been considered as part ofthe Purchase Price.
13.6 INTENTIONALLY O��N KTED
13.7 VNTFNTIONNI �\' OMITTED
13�8 The 8,yer'scnviwomcmq| investigation ohng hcii;wnnplele4nn or prior urthcCqmkn"gvmcy0atc.
13.9 1 hc provisions uf/N|�&mw|e i3 shall survive Clouingerrcrmioazimnofrbis Aqrecmcmc
PSA-P,[,L"',1)
S Fl F 1 1:1,-10 02 18 1
P -N; 0"-a'(Iq
AV`hd 9, 01
14. S1'13DIVISION APPROVAL; ZONING:
14,'1 Any subdivision appro%�al needed to complctc the transaction herein contemplated shall be olimined
by Buyer at Buyer's sole risk-com,and experlse, Sellel Sind] �:uopclakc vwitll Buyet kP ublaining,said to,the
extent necessar), or required, but Buyer shall reimburse SeHer Cor any and all charges. wsts,and expenses Oncluding,
portions of'salaries ofemp1loyces of'Seller assig,ned to such proJect)m"hich Seller incur i n such cooperation.
14,2 SeHer makes no guaratilec or warranty that any subdivision approval wil I be granted and assumes
no ohh,� ation or fiahifity flor any costs or expenses ifsarne is not approved.
143 Costs wid expenses include all fees, includinp; re monable mwrneya.' tees, ()J4 t)t,t i n it 14
subdivision plats, or filing same %6th die applicable goverrinlental body(ies), or recordation thereof, including
auorne
ys'Jees,and all other relmed afld/m a,suciakcd ilcltls.
14.4 Seller makes no ouaratitee, warranty or representation as to the perniissibitity of any use(• )
contcniplated by Buyer under existing zoning, ofthe llrcnflses or as to any ability it)secure any rezoning for Buyer's,
15. BROKER'S FEES: The Buyer and flic ScHer each represent and warrant to the other that neither has
introduced into this transaction any person, firm or, corporation who is entitled to compentsation fo.r wrvices as a
broker,a-ent or finder,'I he Buyu and the Seller each agree to indeInnify theothier against and hold tile other harn'lleis
from any and all commissions, finder's fees.,cos'ls. expenses atid other Omiges chinned by ical estate hiokeis a.rr soaks
persons by,through or undier the indemnifying party. Scher shall be Under tic)obligation to pay or be responsible 11or
,in),broker's or finder's iees,commissions or charges in connection with handling this transaction, or('losing.
16, ASSIC NAI ENT, L1 NI ITS,SU RNA VA L:
16,1 This Agreement may not be assigned by Buyer Nvifl101ft tile prior wriuon consent of'Seller.
16.2 As limited above,this Agreement shall be hinding upon the parties,their successors and permitted
assigns.or upon their heirs.lctyaV representatjvc.,i and permitked ussig.ns, as Oic ease may ire.
16.3 Any proOsion calling for obligations continuing after Closing or termination of this Agreement
shall survive delivery of the deed and not be deemed merged into or replaced by any deed,whether or not tile deed
so states.
17. DEFAULT:
17.1 In the ew,ent ol'a defauh by Buyer under th s Agreement(Including, but not fitulted to paymcni of'
(he Deposit within the time specified). SQltQ.I• may elect to lerminale this Agreemoit by delivery cot'notice to Buyer
and to retain the Deposit and any other money paid by Buyer to or for the account of Seller.as agreed-ktpon liquidated
dainages in Full sculemcnt of'any and all claims arising under or in any way related to tliisAgreemenl
17,2 In the event ofa defauh by Seller under this Ykgreemem, Buyer's sole and exclusive remedy shall
he to terminate this Agreerricnit by delivery ofnotioe G o ',wflor and to recei),o An in-imediale roturn of the- Depo,�it and
reimbursement for any reasonable third-party expenses incuri-cd by Buyer pursuant to this Agreement, not too exceed
S 10.000, 15 ageed-upon liquidated darnagcs in Fu ll 'nettlement o l,any and all CkRiMS Rri5irlll Under or in any way
related lo this Agreement. Buyer irrevocably waives any and all right to pursue specific per6ormance oClhis,
Ag,reement orally other le it]orequitahle I'm dy othorwi-se xv-ailablc to Buyer,
_g, 0 -
17.3, 11-pon, tile terminatioll of Thi" ,' greeIIICW pursuant to this Article 17, BLIVC1' aVld Seller Shlill bC
NVI 1 121 1 m,s NNH i,V d1�'`M;-00911 1 K'At ',jjr)c'\
PNVP�g0
xu Ad/wezm4
S[[[|0: H-|o3-;mD*3\
PIN; oMwnn
Av0vV N.2015
relieved mfa|Uu6I Qmdonamndc Agomunt. ln6uding the duty mooIOsc other Nam(m)anyViabi<hy !f6rboeach of'any
afihcp,nviaionsMec6wo 13uhoi1rwnoinwuoWyatiomsof B*le,upd (b)10v1o,shnDfwmKhSON »'khwcwpyo[
all materials and infbnnatiom WwcUmd|ng but not Whcd to any engineering ncNmms, studies^ maps, site
choraotehxadons and/or romimg rdu|cdmwwrWiu)4vvc|opcd h} Huycrdm,Q the«cxnorrM/uA8memenm/cIpulugm
doe potc*tiuj mnmor the physical cmwditfonofdm Prcrnixen.
t7.4 "Default"shall firclude not only the Uhre to make prompi payment ofany sums when due undo-
this Agrcencnt,6uualsmfkcGuQmetuGmUVyumd1ime1yperfomnonymhcracsm:quircdo[0myerowdmrthiaAgoemcm.
18. LNOTW CTS:
\D.| Notice under Ohs Agrecmaon shall bein Ming and smu/byKcgistcrodo,Certified Mail, Return
Rmcc"o0eqmcmwlwrbycnmiucwxpp*u^vrwvun`i2]"ldchvc^7,wndhy p'mmi|.
MZ The date such ooeiccuhaUhe deemed ,a have been given shall hexhuhusmunu day nf receipt d
reoMddorAg buaMess hours,lie 5ox6osincsa day nllmr the business day oKnroc<pt if received after bmsiocSShmun
mmthcp/rczdimg business day.brIUotbuMncss day after the date sent by courier, express wr overnight(~ncxt day
deAvory`'>xernka.or the third business day after bc date efhne pmsnmu?mwdwcnvciopuTmuilcd.v:hkhvcrmccmm
wmx,
18.3 Ncmimuuw Seller shall bc sent to:
CBX Transportation.Inc,
C/ C6XKcM NzPemy, {nc. -]9|5
6737Smmffipminu Drive South
JmoksanA8c,FL.32216-6177
Amn: John Manion{TraonuodonSp:cioNkt}
E-mail:John
Phone: (004)279 3817
7Nmimusn» Buyer shall he sent om:
City of Clcumwatcr
&aw Charles Lane, Rod GotaxcW| esCoodimator
P.Q. Box 4748
rYranvnw Florida 337Jk-4748
8mwa&:
Phmnc: (727)562-4754
1&,4 My party hereto may Qhange hs address co deQwe differem or other persons or endties to
receive copies bymobfviog the other party ima manner described iu this Section,
19- QRW8OF C�0NSTM 17110%
V0.| In this Agreement,all sin!,pm\nrwo,dkd^nNcnnmmeIhepXn'm| mmnhcrugwANuuWu ADM and
viccvnrsi and he masculine shall indmdm the Nmhincamd Ile neuter,
19.2 All references herein to particular articles'. sections,subsections oruLausms are n:0:rencesno
umiolms.suctiews, smhscckonsor clauses oh,iiyAgreement,
113 Ile Wings comomincd herein are aa|n|y Acmovcn Once ofpcRmnmc and sha0nu\cmuni/wie a
Us bad Jane ZUN I
PIN, 121sr.a-+ar 91
,mho S.roq'i q
p gmerm�cnt nor shall they aRk°ca i s rrae�aNrrroNw;,� avtNs.trauctia7n or ck� ct.
azar•t a>l�tptis "� ,
k9y 4 Fach party hemp and its cGat mel have had the wrp porttrmaity tea rcvINv and rcv ke(oT requesa revkions
C)D Uhs '1.greera an.mW Weretabre mW trsttal rr. o of G„`onmrucdon reCpuhN @3wg t11m ara7.faB 0.l Ns are to he r4'.1(. Ne11.cSgkYrrw
a partiet.it party shall not he apokaable for the constrtrctio n and interpretation aml'this Agreement or any exhibits
herea'ar or amendments hereof.
19,5 'f'his Agreement sImH he goverrncaf and construed in accordance QM uhc Owes ate satiate 0 NO
the Premises is located,Nvithout regard io min'l im of Ia w rrk.
011 'ITNIBE,OF ESSENCIO k`ha'n mmH k ccnm wercd ofthe essence both to the [Wyer WId the SCHOr 6or alp
act'ivi6es trr denaken or reyrurred j arrstaaant t(u Ws s" gremuent.
1, COUNTERPARTS:"B S: "1'his Agreement may he exec rtes@ in one or nacare counterpm-tsT each of'which shall
be a3ceraaecl to be an original.,and all orwhich acm ether•ShralI Constitute one a,rNaf the same hastrument,
REMAINDER d, F PAGE 8N�TE L°1(Di1A1'.LY LEFT BLANK
ti� Re6 k 1.1 r tl p.10.", P'IMA I VS(1) 103001H 1 .1 OS dip C.K11 kkp 1t r,lirp s m;Amy
INAWY 12
HOW p June 0G..t
S1 I F H? 11"1 ON I W 1831
N\! 12103-0091
Whdy S.2015
IN M MESS WHEREM the Buyer Nos caused dis Agreonent to be Mgmd tk hy of
.20 ' . sn dupHcaie.each 0'which shall be considered an original.
CITY OF CLEARWATER, FLORIDA
c n pia
By: JkL"Wa",
Georg,e N. Cretekos, Mayor Witham 13. 1 forne H, City Majiag,cr
Ar
A pproved gas,to fio rm Attest: A
'0
...... .........
I ,a,Lira Lipmvski Mahimy ry oserm.uic Call. C. 91y'Clerl,
Assistarit (.1ty Alloriiey lei
NOTICE OF SH LER IS ACCE PTANCE
Buyees ➢ ir to purchase the 1hendses is a"epwd by SeUx tAs day 20_....:
MITNESQFS): INC%
BY!
Print Name:
Print'rifle:
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