KUMAR KAKARLAPUDI & PRERANA KAMALAKR VALDYACONTRACT FOR PURCHASE OF REAL PROPERTY
BY
THE CITY OF CLEARWATER, FLORIDA
PARTIES: Seller, KUMAR KAKARLAPUDI & PRERANA KAMALAKAR VALDYA husband
and wife, whose mailing address is 18934 Pebble Links Circte.Apt 101, Tampa, FL 33647
and Buyer, THE CITY OF CLEARWATER, FLORIDA, a municipal corporation of the State
of Florida (herein "Buyer" or `City), whose post office address is P.O. Box 4748,
Clearwater, Florida 33768, (collectively "Parties") hereby agree that the Buyer shall buy
the following described property ("Property") subject to the terms and conditions of this
Contract and any associated riders or addenda ('Contracts).
1. PROPERTY DESCRIPTION:
Street Address: Stevenson Creek Shoreline Wetlands.
Property Tax ID #: 10-29-15-00000-120-0100.
Legal Description: See attachments "A -B -C".
Together with all existing improvements and fixtures, unless specifically excluded by the
terms of this Contract,
Personal Property to be included: N/A
2. FULL PURCHASE PRICE- $35,000.00 U.S. Dollars
3. MANNER OF PAYMENT: Wire in U, S. funds at time of Closing.
4. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS: EFFECTIVE DATE:
a) City Council Approval, Seller acknowledges that this Contract is sutect to the express
approval of the City Council for the City of Clearwater. Seller agrees to maintain the price,
terms and conditions of this Contract as an open offer, exclusive to the City for a period of
60 days following Seller's execution and delivery of this Contract to the City. h that time,
the City staff shall present this Contract to the City Council for consideration. The City
Council may accept, reject, or direct the City Staff to make a counteroffer to the Seller,
b) Acceptance. If this Contract is accepted and approved by the City Council, it will be
executed by duly authorized City officials and delivered to the Buyer within 15 days.
c) Resection. If this Contract is rejected by the City Council, the Seller's exclusive offer of sale
to the City shall expire the following day. If the City fails to gain the approval of the City
Council within the 120 -day open offer period, the time may be extended in the Seller's
disc ebon
d) Counteroffer. If the City Council directs the City staff to make a counteroffer, it shall be
delivered to Seller in writing withal 30 days, and Seller shall have 15 days thereafter to
deliver to Buyer written notice of acceptance or rejection of such counteroffer. If written
notice of acceptance is not timely delivered, or if the counteroffer is rejected by Seller, the
open offer period shall expire.
e) Effective Date. This Contract shall be binding and effective upon the date of the last Party's
signature.
5. WARRANTY OF TITLE: TITLE EVIDENCE:
a) General Warranty Deed. Seller warrants legal capacity to convey marketable title to the
Property by General Werranty Deed, subject only to matters stable to Buyer pursuant
to this paragraph. Title shall be free of liens, easements and encumbrances, except for
covenants, restrictions, and public utility( easements of record, and subject to properly taxes
for the year of closing. Seller warrants that no violation of the foregoing exists and that
nothing would prevent Buyer's intended use of the Property. Seller further warrants that
there is ingress and egress to the Property sufficient for Buyer's intended use.
b) Title Insurance. At Seller's expense and at least 20 days prior to closing, Seller shall deliver
a title insurance commitment issued by a Florida licensed title insurer agreeing to liens,
encumbrances, exceptions, or qualifications set forth in this Contract, and those which shall
be discharged by Seller at or before Closing. Seller shall convey a Marketable Title as
defwned by the terms of this Contract.
c) Cure Period. Marketable Title shall be determined according to the Uniform Title Standards
adopted by The Florida Bar and applicable law. Buyer shall have 60 days from wing
evidence of title to examine it and notify the Seller of any defect. If the defect(s) render title
unmarketable, Seller will have 120 days from receipt of Notice within which to cure the
defect(s), failing which Buyer shall have the option of either accepting the title "as is" or
terminating this Contract. Seller will make diligent efforts to correct defect(s) in title during
the 150 -day cure period, including executing documents and/or initiating litigation if
necessary.
d) , urvev, At Buyer's expense and at least 20 days prior to closing, Buyer may have the
Property surveyed and certified to the Buyer by a registered Florida land surveyor. If that
Survey shows any encroachment on the Property, or any improvements that encroach on
setback Ines, easements, lands of others, or otherwise violate any restrictions, contract
covenants or an applicable governmental regulation, the same shall be presumed a title
defect and subject to the Cure provisions above
6. CLOSING DATE AND EXPENSES:
a) Date and Place. Buyer shall designate at no penatty a closing agent ("Closing Agent') and
this transaction shall be closed in the offices of the designated ctasng agent in Pinellas
County, Florida, within 120 days of the Effective Date unless extended by the Parties, or
by an applicable provision of this Contract. If either Party cannot close, after making all
reasonable and diligent efforts to comply, then upon written notice to the other Party, time
of closing may be extended up to 120 days.
b) Documents. Seller shall execute all documents requested by the Closing Agent to
effectuate a valid conveyance in a timely manner, including but not limited to closing
statements for the respective Parties, deed, bill of sale (if applicable), mechanic's lien
affidavit, assignments of leases, tenant and mortgage estoppel letters, corrective
instruments, and Statements of Authority or Corporate Resolutions authorizing the sale, or
any other documents applicable to the transaction.
c) Expenses. Seller shall pay all Buyers closing expenses less the following.
1) documentary stamps on the deed, unless exempt under Chapter 201,24, Florida
Statutes;
2) assessments for any improvements that are substantially complete at time of closing;
Buyer shall pay for the recordation of the deed and any restrictive covenants, if applicable,
d) Payment of Taxes and Assessments. Seller is responsible for taxes, assessments, and
any other financial obligation related to the Property through to the day before Closing.
Closing Agent shad collect from the Seller all ad valorem taxes due and deliver payment to
the Pinellas County Tax Collector with notification to thereafter exempt the Property from
taxation as provided in Chapter 196.012(6), Florida Statutes. If the amount of taxes and
assessments for the current year cannot be ascertained, rates for the previous year shall
be used with due allowance being made for improvements and exemptions. Closing Agent
shall reimburse the Seller in the event that the estimate based on the previous year is more
than the actual amount due, and Seller shalt be responsible for covering the difference if
the estimate based on the previous year is less than the actual amount due.
e) Broker Fees. 11 either Party chooses to be represented by a Licensed Real Estate Broker
in this transaction, then that Party solely shall be responsible for any such Broker fee or
expense due to said Broker.
T. LEASES: OCCUPANCY: POSSESSOR:,
a) Seller warrants that there are no parties in possession other than the Seller, that there
are no tenants; and that no leases exist, recorded or unrecorded that would prevent the
Seller from delivering complete possession of the Property to the Buyer at closing. If
Property is intended to be rented or occupied beyond closing or tenants or other parties
in possession do exist, the fact and terms thereof shall be disclosed as part of the
Seller's Disclosures described below, Seller agrees to deliver occupancy of the
Property at time of closing unless otherwise accepted by the Buyer after proper
disclosure from the Seller
b) Seller is responsible for maintaining the Property in a substantially similar condition from
the Effective Date of this Contract through to the Closing Date. If Seller allows
occupancy, tenancy or lease for use of the Property prior to closing or prior to the
expiration of this Contract, such action shall constitute a material breach of this Contract
mowing for the Buyer to terminate mnmedietely.
L
P_- �•N
a) S@Iler's_Disclosures. No later than 30 days from the Effective Date of this Contract, Seller
shag deliver, at Buyer's request, written disclosures regarding the following:
• All written $eases and estoppels letters from each tenant specifying the nature and duration
of the tenant's occupancy.
• Radon Gas Disclosure as required by Florida Statute.
• Affirmation that Seller does not know of any work or improvements to the Property which
were made without required permits. If work or improvements were made without Penni(
Seller agrees to provide all available documentation to assist in obtaining or dosing permits.
• Any available information or documentation related to mold, lead based paint, or sink holes,
• homeowners' Association information and documents, if applicable.
• Property Tax Dire Summary.
• Certification of non -foreign status or if the Seller is a "foreign person` as defined by the
Foreign Investment in Real Property Tax Acta Seiler shall notify the Buyer and Closing
Agent in writing, so that proper withholdings are made at Closing.
• "Disclosure of Beneficial interests" required pursuant to Section 286.23, Florida Statutes.
• Statement that Seller knows of no facts that would materially affect the value of the Property
which are not readily observable. Except that Seller makes no warranty or representation
of any type as to the physical condition or history of the property.
b) Prooertv Condition. Seller shall maintain the Property until time of closing in its present "as
is" condition, ordinary wear and tear excepted, which shall include the landscaping and
grounds in a comparable condition. Seller shall notify the Buyer of any significant
maintenance that must be performed between the Effective Date and the Closing Date of
this Contract, Buyer may schedule a "final walk-through inspection" to confirm that the
Seller has complied with this Paragraph at any time 5 days prior to Closing.
c) Inspection Period_ At Buyer's expense and within 70 days following the Effective Date
("Inspection Period'), Buyer may conduct inspections, tests, environmental and any other
investigations of the Property Buyer deems necessary to determine suitability for Buyer's
intended use, SeNer shall grant reasonable access to the Property to Buyer, its agents,
contractors and assigns for the purposes of conducting the inspections proviided, however,
all such persons enter the Property and conduct the inspections and investigations at their
own risk. Seller will, upon reasonable notice, provide utilities services as may be required
for Buyer's inspections and investigations. Buyer shall not engage in any activity that could
result in a mechanics lien being filed against the Property without Seller's prior written
consent Buyer is setf-insured, and subject to the knits and restrictions of the Florida
Sovereign immunity, statute, F.S. 768.28, Buyer agrees to indemnify and hold harmless
the Seller from claims of injury to persons or property during the inspections and
investigations resulting from the negligence of Buyer's, its employees or agents onty, and
subject to the limits and restrictions of the sovereign immunity statute.
d) Termination During InsnectiPeriod, Buyer may terminate this Contract with written
notice to Seller prior to expiration of the Inspection Period for any reason in the Buyer's
sole discretion, In the altematrve, Buyer may request repairs or other remedies as
applicable, for the Seller to perform, and the Seller may agree to perform said repairs or
remedies. The Parties may elect to negotiate a credit at closing for the total
estimated repair costs as determined by a licensed general contractor of Buyer's
selection. Any agreement to remedy or make repairs on the Property shall be in
writing and signed by both the Parties. If Buyer terminates this Contract during the
Inspection Period, Buyer shall repair, at Buyer's expense. all damages to the Property
resulting from Buyer's inspections arid investigations and shall return the Property to
substantially similar condition as the time of the Effective Date,
9. RISK OF LOSS
If the Property is damaged by fire or other casualty before dosing and cost of restoration
does not exceed 3% of the assessed valuation of the Property so damaged, cost of
restoration shall be an obligation of the Seller and closing shall proceed pursuant to the
terms of this contract with restoration costs escrowed at dosing. If the cost of restoration
exceeds 3% of the assessed valuation of the improvements so damaged. Buyer shall have
the option of either taking the Property as is", together with any insurance proceeds
payable by virtue of such Toss or damage or terminating this Contract.
10. PROCEEDS OF SALE; CLOSING PROCEDURE:
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be held in
escrow by the Closing Agent, or by such other mutually acceptable escrow agent for a
period of no longer than 5 days from and after closing. during which time evidence of title
shall be continued at Buyers expense to show title in Buyer, without any encumbrances or
change which would render Seller's title unmarketable from the date of the last title
evidence. If Sellers title is rendered unmarketable through no fault of the Buyer, Buyer
shalt, within the 5 -day period, notify the Seller in writing of the defect and Seller shall have
30 days from the date of receipt of such notification to cure the defect. If Seller fails to
timely cure the defect, all funds paid by or on behalf of the Buyer shall, upon written demand
made by Buyer and within 5 days after demand, be returned to Buyer and simultaneously
with such repayment, Buyer shall vacate the Property and reconvey it to Seiler by special
warranty deed. If Buyer fails to make timely demand for refund, Buyer shall take title "as
is waiving all rights against Seller as to any intervening defect except as may be available
to Buyer by virtue of warranties contained in the deed.
The escrow and closing procedure required by this provision may be waived if the Title
Insurance Commitment covers adverse matters pursuant to Fla. Stat. Section 627.7841,
as amended.
11. NOTICE
All notices provided for herein shall be deemed to have been duly given if and when
deposited in the United States Mail, properly stamped and addressed to the respective
party to be notified at the address listed above.
12. ASSIGNABILITY, PERSONS BOUND
This Contract is not assignable without written approval from both Parties. The terms
"Buyer, "Seller', and "Broker (if any) may be singular or plural. This Contract is binding
upon Buyer. Seller, and their heirs, personal representatives, successors, and assigns (if
assignment is permitted)
13.ATTORNEY FEES: COSTS: SPECIFIC PERFORMANCE AVAILABLE:
In any litigation arising out of this Contract, the prevailing party shall be entitled to recover
reasonable attorney's fees and costs. If this transaction is not closed ckie to any default or
failure on the part of the Seller, other than to make the title marketable after diligent effort,
Buyer may seek specific performance or unilaterally cancel this Contract upon written
notice to Seller If this transaction is not closed ckie to any default or failure on the part of
the Buyer. Seller may seek specific performance. If a Broker is owed a brokerage fee
regarding this transaction. the defaulting party shall be liable for such fee
14. CHOICE OF LAW: SEVERABIUTY: INTEGRATION:
This Contract shall be governed by, construed, and enforced in accordance with the laws
of the State of Florida. If any provision of this Contract is held to be invalid. the Parties
agree that the remaining provisions shall be deemed to be in full force and effect as if they
had been executed by both Parties subsequent to the expurigement of the invalid provision.
This Contract shall constitute the entire agreement between the Parties, and supersedes
any and all prior and contemporaneous written or oral promises, representations or
conditions. All prior negotiations, agreements, memoranda or other writings shall be
merged herein. Any changes to be made in this agreement shall only be valid when
expressed in writing, signed by the Parties as an amendment to this Contract
EXECUTED this2 day of
AL
Seller's Signature
UP4 Y.JAILL/‘ 1
Print Seller's Name
Seller's Signature
j- RE -R. Ptt,o)
tint Sellers Name
, 2025 by Seller.
[CITY OF CLEARWATER SIGNATURE PAGE TO FOLLOW]
6
APPROVED BY BAYER &
EFFECTIVE this V ` day of Ltarejn , 2025.
CITY OF CLEARWATER. FLORIDA
Jennifer 457Th
City Manager
App = . as to farm:
Je •. « pson
Seni• Assistant City Attorney
By.
Attest:
vf:
R. = arie Call
City Clerk
1
Property Summary
Parcel: 1029-15-00000-120-0100
Last Transfer. 08/23 I 530,000(U) I OR 22532/0521
Parcel Detail I Tax Estimator I Comp Sales
Homestead Status I Rood Map I Zoning Map
Street View Angled Aerial Views
First Ownr
Second Owner
Property Address
Subdivision
Living Units
Current Tax District
Living SF I Gross Area
Land Area
Year Built
Property Use
Mat or Condo Bk/Pg
Value Year
Just Value
Assessed Value
Taxable Value
Loom to
Kakarlapudl, Kumar
Vaidya, Prerana Karnal
Overbrook Ave
NONE
a
Clearwater
n/a n/a
2,440 acres I 106,286 se
Na
0000 Vacant Residen
2024
$35,660
$35,660
$35,660
Exhibit "A"
Brokers Price Opinion
Robert J. Ka.siner
Upon careful review of past (like in kind) water frontage Appraisals, it was determine the affected value of similar is
525.50 ppsf. This said, the parcel in -hand being water frontage bound only the outward side was measured to he
1,40(ift. As calculated, the attributed frontage value is ($35,700.00) dollars. By virtue, the Pinellas County Property
Appraiser also confirms this valuation. Again, this Brokers Price Opinion is not intended to diminish the Appraisers
rlevOt;‘,T, 11,111 1,, rinkr infor cart valticitinn frnm Ifl nrwri •Ind kik Apt
Exhibit "B"
JAMES MILLSPAUGH & ASSOCIATES, INC.
REAL ESTATE APPRAISERS & CONSULTANTS
LICENSED REAL ESTATE BROKER
110 TURNER STREET, CLEARWATER, FLORIDA 33756.5211 PHONE: (727) 461- 2648 FAX: 4424922
E-MAIL: jim@millspaughappratsals.com I WEBSITE: www.mlilspaughappraisals.com
December 18, 2024
Mr. Robert Kasmer
Real Estate Services Coordinator
City Of Clearwater Engineering Department
110 S. Myrtle Avenue, Suite 220
Clearwater, Florida 33756
Sent Via E -Mail: robert.kasmer@myclearwater.com
Re: Appraisal Services
Stevenson Creek Shoreline Parcel
Stevenson Drive off North Betty Lane
Clearwater, Florida
Dear Mr. Kasmer:
At your request, I have made an appraisal of the fee simple estate of the above -referenced
real property only and subject to the wetland characteristics that are typically granted via a
quitclaim deed. The property and methods utilized in arriving at the final value estimate are
fully described in the attached report, which contains 21 pages and Addenda.
This Appraisal Report has been made in conformance with and is subject to the
requirements of the Code of Professional Ethics and Uniform Standards of Professional Practice
(USPAP) of the Appraisal Institute and the Appraisal Foundation. The Appraisal Report and
final value estimate are subject to all attached Contingent and Limiting Conditions.
I have made a careful and detailed analysis of the subject property and after analyzing the
market data researched for this report, I estimate that the market value of the referenced real
property only as of December 3, 2024, was:
EIGHTEEN THOUSAND THREE HUNDRED DOLLARS
($18,300)
Respectfully submitted,
JAMES MILLSPAUGH & ASSOCIATES, INC.
James M. Millspaugh, MAI
JMM:sg
JAMES M. MILLSPAUGH, MAI
State-Certifled General Real Estate Appralser RZ58
11: 2023208270 8X: 22532 PG: 521, 08/11/2023 at 08:15 All, RECORDING 3 PAGES
$27.00 D DOC STAMP COLLECTION $210.00 1 H BURKE, CLERK OF COURT AND
COMPTROLLER PINELLAS COUNTY, FL 8Y DEPUTY CLERK: CLX100558
Exhibit "C-113"
Pespoodby
rasa 110.14 molo yes of
flo*Aaalaa a ummai tea►
2310 Sea A
Chavair Roth MS
ROE Ice ads*
Mauer
WeaeetGIMEn
THIS INDENTURE, assorted on A o t 08, 2013, Osborn
/Wu AW
Raabe 1leeaia.Mll Uk s Owego maw NardoseltEt, a marded alas
tahome rang adds= It 10371 tblpdie 0, ix 7593S-1046,
AeralmRaroiled the Wird", and
Row RCesardepum and Praha' Y--- - Made, hoelend and wife
whose maim Mom It 2794 Count teIde OW, Unit 1,'OeerrwMr, R 3371,
henllneiblr Wed du'grar8ee':
Oaks emu ems" ANS MI b* logralrr p etso, onpon ns arkildhoi,a d AN* OK ond dill WWI
tom, bpi n u --_Ahs sossimissMWpm eteieaw0
WITINESERTIO The grantor, for and In cantaisillon of We Am at $10.00 and other good and valuable
conskleadian, meld wlraof is hea6yadowaltdoed, Whets ;merits dose glands bargain, nom,
corals and confirm unto the granale, theirh*s and aergraL, all that cattalo tend Suate In Plod=
Monty, PL,r
PARCEL 1
THAT WI OF THE NQRrfIWEST N OF THE NORTHEAST 1e OF SECTION 10,TOWNSHIP 29 EMT,
PAGE 1S EAST, PEAS COUNTY, RARIDAy, LYING NORTHEASTERLY OF TIE comma OF
STEvENSOWS CREEK MD WE'TIPLY OF LOTS 11, 12,13,►14 AND 15, BLOCK A, S1l ESOWS
HMIS SUBDIVISION, AS WORDS) IN Pia BOOK 34, PAGE 13, OF 71* PUBLIC RECORDS('
PITELLAS COUNTY, FLORIDA. 711E SOUTHEASTERLY BOUNDARY OF MID PROPERTY IMG 111E
SOUTHWESTERLY EOM= OF THE SOUTHEASTERLY BOUNDARY OF SAID IAF 1S, BLOCK A, TO
THE CENTRUMOF S1 LNIRN80I S CRS
PARCEL 2
THAT PART OF THE NORTTA EAST W Of ME NORTHEAST x OF SECR0N 10, 101WISHIP 29 SMITH,
RANGE IS EAST, PINS. S; COUNTY, R.OR1DA, LYING NORTHEASTERLY OF TIE CERTITUDE OF
SIMMONS Com( IIID WESTERLY OF LOTS 20, 21, 22, 23 AIS 24, EOM h, SIMPSON' S
HEWS SUBDIVISION, AIS RECORD) IN PLAT BOOK 34, PAGE 13, OF THE PUBLIC R600RDS OF
PJNEIAS COUNTY, FLORIDA. THE NORTITWESTERLY BOUNDARY OF SAWDIROPERTY MSG 711E
S PIDITVIST RiLLY EXTENSION OF THE NORTHEASTERLY BOUNDARY OF SAID EAT 20, 8.0O( A, 10
TIE CENTERLDIE OF STEVENSON'S
PINELLAS COUNTY FL OFF. REC. BE 22532 PG 522
Exhibit "C -2I3"
The feed is not the homestead of the *ante( ender the I s and constitulion of the State of Florida and
nefew the Grater nor any persons) for vdeose support dee Grantor is responsible reside on or actlacent
to the land.
Sifted to id reservations, commis, =Morn,, restrictions and easements of record and to al
aptillosbilt =Mg wave= andfor restrictiorsimposed bygovernmental authorities.1►.
Together web al the tenements, heredltainents andappurtenances thereto belonging or in any way
To Have and to Hold, the same In fee simple fore,rer.
And Ule grander hereby covenants Met said grantee beet the grantor is lawfully seized of said land to tee
si npk; that the grantor has good right and la+Nkd authority to sell and axwey said land; that the grantor
hereby ruihr warrants the ace to said land anti i wsil defend the same against the tawf i suints of ati
parsons fir; and that said land is free of ad encumbrances accept taxes accruing subsequent to
December 31st d 2021
be Witness Whew, the grantor has hereunto set their hand(s) and seeks) the day and year lhst
above written.
ndaaetti eltria Durgenti Naralasetd
SlbrArland dePiensdk, curpatience:
raPii; rp t 1 --
mmm.swaw. yds
Alan Young
Mark 0. Hatt
Pitt tante Print Name
2 0
rac ra. asp
PIRRLLAB COUNTY FL OFF. MC. HK 22532 PG 523
state of
Exhibit "C4/3"
Colorado
County of
Th. Faregolsi lriM,.r.1 Lwi.dr.d areas me by mem of 0 piyi prams praor 1
mans nabbing" on . by Won Nenimike . kl Dower
?Mew
Mork O. Moet
ROW Nam)
04/06/2027
Mf Omenblion spoken
Psianmy Kamm D OR Prodtzed kienehation Nollftild OIC 1�ARtAR o
lype d Idondimeon PrOldj.d a old dot kenos
MARK Q HOW
PUBLICWOW
SME OF COLORADO
MC AIlY to islrr+eoeMB
MY COMMON 5- 4 OWP APPALL 2027
Pop td3
At No. 221102751414