OAKLEY GROVES INC
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OPTION
THIS AGREEMENT. made this .:;, day of JltIlJIJItIf!...Y
1983, by and between OAKLEY GROVES, INCORPORATED, a Florida
Corporation, whose mailing address is P.O. Box 1387, Dade City,
Florida, 34297-1387. hereinafter referred to as "Seller", and
the CITY OF CLEARWATER, FLORIDA, a municipal corporation,
hereinafter referred to as "Purchaser";
WIT N E SSE T H: '
WHEREAS, Seller is the owner of certain real estate situated
in Hillsborough County, Florida, described as follows:
SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF;
and
WHEREAS, the Purchaser desires an option to purchase said
real estate.
NOW THEREFORE, Seller, for and in consideration of the sum
of ONE THOUSAND AND FIVE HUNDRED DOLLARS ($1,500.00) duly paid by
the Purchaser, receipt of which is hereby acknowledged by Seller,
does hereby grant to the Purchaser, its successors and assigns,
at the Purchaser's option, for and during a period to expire at
lnidnight May 1, 1983, the right and privilege to purchase the
above-described parcel of real estate, containing an agreed upon
354 acres, for the price of ONE MILLION, FIVE HUNDRED AND
NINETY-THREE THOUSAND DOLLARS ($1,593,000.00) good and lawful
money of the U.S.A. The terms and payment of said amount to be
determined by agreement between Seller and Purchaser prior to closing.
The exercise of this option by the Purchaser to purchase
the aforementioned property shall be by written notice to the
Seller, said notice shall be sent to said Seller,
OAKLEY GROVES, INC.
P.O. Box 1387
Dade City, Florida 34297-1387
on or before the expiration date of this Option Agreement. In
case said notice is given by mail, the time of deposit of same
in a prepaid sealed envelope in a depository for the receipt of
the United States mail shall not only constitute sufficient notice
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to the Seller of such action, but the time of such notice of
acceptance shall be, in such case, the time of deposit of the same
in a United States Post Office.
In the event the Purchaser exercises this option, the Seller
shall, within thirty (30) days of such notice, furnish to the
Purchaser a title insurance commitment, ShOWing good and clear
merchantable title of record to said property in the Seller, free
and clear of liens, encumbrances, rights, title or interests in
others, except as set forth in Exhibit "A". In the event said
commitment shows defects, liens, encumbrances, rights, title or
interests not hereinbefore noted, the Seller shall use diligent
effort to perfect the title, and the Seller shall have a reason-
able time therefore, not to exceed sixty (60) days.
Within sixty (60) days after delivery of such title insurance
commitment to the Purchaser, the closing shall be consummated.
Conveyance shall be made by Seller by a good and sufficient
General Warranty Deed. Seller shall affix the proper documentary
stamps on the Deed and Purchaser shall record the same. Real
estate taxes for the year 1983 shall be pro-rated at the time of
closing, provided, however, should a defect in the title be found,
then closing shall take place thirty (30) days after the defect
has been corrected. The closing shall take place in the office
Florida. If Seller does not perfect title or otherwise fails to
of the City Attorney, City Hall, 112 South Osceola Avenue, Clearwater,
perform Seller's obligation thereunder, Seller shall promptly
refund to Purchaser the ONE THOUSAND AND FIVE HUNDRED DOLLARS
($1,500.00) paid for this option.
It is agreed and understood that if the said Purchaser shall
fail to exercise this option within the time above mentioned,
said Purchaser shall forfeit the sum of ONE THOUSAND AND FIVE
HUNDRED DOLLARS ($1,500.00) paid to Seller for this option as
hereinabove acknowledged, and all obligations of both parties shall
be fully diSCharged.
It is understood that the Furchaser is dealing directly with
the Seller and no real estate commission will be incurred.
of the Seller, but shall not be assignable by the Purchaser.
This contract shall be binding upon the successors and assigns
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The purchase price may be payable by City of Clearwater
check or a combination to include short term financing and cash
as agreed to by both Seller and Purchaser.
The Seller and Purchaser agree to the following stipulations
relating to the property following closing:
The Seller shall continue to maintain the orange groves
during the year 1983. The Purchaser !n return ~~ermi~~he
whJ.ch blooms 1 ~u LA. r J..-
Seller to harvest the orange crop Iduring t~e~983 without
any charges. U./7J\. ')
IN WITNESS WHEREOF, the parties hereto have hereunto set
their hands and seals to be affixed hereto on the date first
above written.
Signed, sealed and delivered
in the presence of:
OAKLEY GROVES, INCQRPORATED
B~fLJrJP;-
ATTEST: q;;, fljiJ:-
Secret ry
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BY:
ATTEST:V:1h.~~ LLc/~
~ ,City lerk
Cou signed:
correctness:
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Tracts 1, 5, 6, 7, 8, 10, ll, 12, 13, 14 and 1') in the ;,r.1 1/1 of Sectio!l lB, Tn;.;nship 27 South,
Ranae 17 ~dst, KEYST0~E PARK COLONY, AND Tracts 2, 3, and 4 in the s~ 1/4 of Section IB, Townshin 27
South, R\l1ge 17 Eclst, KP.YSTONE PARK COLCn-Iv, LFSS that part described .1.5: F:-OM the Northwec;t corner
of the SW 1/4 of the NlI1 1/4 run South a10nQ the \oJest section line 2559.78 feet to the Doint on the
West line of Tract 4 for a Point o~ Be~innina, and run N-81037'-E, 460 feet, thence S-g2~29'-E,
100.25 feet, N-8)022'-E, 132.6 ~eet, N-72033'-s, d9.36 feet, N-44048'-C, 78.3 ~eet, N-18021'-E,
115.61 feet, N-32019'-E, 61 Feet, N-76047'-E, 123.86 feet, S-74002'-E, 113.6 ~eet, S-44037'-r.,
151.44 feet, S-6101S'-E, 44.77 feet, S-7Ro16'-E, 276.33 Feet, ~-7604~'-E, 44 Feet, N-47051'-E,
287.36 feet, N-35050'-T'l, 162.48 feet, N-33019'-H, 98.58 feet, 'j-13032'-to1 to noint o( intersection
wi th North line of Tract 3, thence West alona the North boundnrv of Tracts 3 anrl 4 to the Northwest
corner of 'I'ract 4, thence South to the Point 0 f Beainninq. AND Tracts 15, 16 and that nart of Tract
14 in the ~~ 1/4 of Section 18, Township 27 South, Ranae 17 East, KPVS~O~E ~A~K COLONY, Ivinq East
of the followinn line: Commencinq at the Southeast corner uf the NE 1/4 Of the Slo( 1/4 o( the N'f 1/4,
thence S-7018'-N for 598.21 feet, thence S-l3032'-E, B3.54 feet. AND Tracts 5 and 6 in the~E 1/4
lyin0 South of Tarpon Snrin9s ~oad. k~D Tracts 4, 5 and 6 in the SE 1/4 A~n Tract 3 in the SE 1/4
LESS lot beqinninq at the Northeast corner of Tract 3 and run South 30 feet, Northwesterly to the
Northwest corner of Tract 3 and East 665 feet to the Point OF Reqinninq, all in Section 18, Town.hiD
27 South, Ranqe 17 East, KEvSTONE PARK COLONY. AND The 1.1-1/2 of the 51., 1/4 of the !-JE 1/4: Jl.MD the
NC 1/4 of the Sl1 1/4 of the NE 1/4 AND Tract beainninq at the Northwest corner of the SF. 1/4 or the
s'''; 1/4 of the NE 1/4 and run S-89043'-E, 30 feet. alonq the North boundary of the SE 1/4 of the SW 1/..
of the NE 1/4, thence Southwesterly to the'Southwest corner of the SE 1/4 of the SW 1/4 of the NE 1/4
thence North 676.12 feet to the Point of Beainninq, all in KEvSTONE PARK COLO~v, as per ~an or olat
thereof recorded in Plat Book 5, Page 55 of the Public Records of Hillsborouqh County, Plorida, all
being in Section 18, Township 27 South, Range 17 East.
AND
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Tracts 3, 4, 5 and 6 in the NE 1/4 lyinq West of Patterson Road AND Tracts 1, 2, 3, 4, 5, 6, 7 and
8 in the NW 1/4, LESS and EXCEPT that cart of the above lying South of the fOllowing described lin.,
Commence at the W-l/4 corner of Section 19, Town_hin 27 South, ~n9. 17 last, thence alonq the "'t
line of the NW 1/4 of said Section 19, run N-OI-IO'lO"-W, 1420.5 teet for . Point of a-.lnnlNU
thence run N-89012'30"-E, 3456.79 feet to the centerline of Patterson ~ad. All in KBYS~B....
COLONY, as per map or plat thereof recorded in Plat Book 5, Pa~e 55 of the Public ~cord. of. .
Hi11sborough County, Florida, all beinq in Section 19, Townshio 27 South, Ran~e 17 Eaat.
SUBJECT TO Riqht-of-~ay on Patterson Road AND Right-of-~ay in kEYSTONE PARK COLONY Subdivision.
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NOTES:
1. Bearfnq reference from de.or1ption.
2. Plat of KEYSTONE PARKCOLOHY indicates Ri9ht-of-~ay - no width aiven, field measurements
indicate 30 feet for full, streets and 15 feet for half streets.
3. Total Qr08. area 354 acres, JIOce or less.
4. Acreaqe subject to road Riqht-of-way.
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EXHIBIT "A"
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CITY-t;. CLEARWATER
Interdepartment Correspondence Sheet
TO:
FROM:
COPIES:
SUBJECT:
DATE:
Lucille Williams, City Clerk
Thomas A. Bustin, City Attorney
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Purchase of Land in Hillsborough County
May 18, 1982
Dar~
The subject purchase was completed this date. Attached hereto
are the following:
Closing Statement
Title Commitment from Stewart Title of Tampa,
File No. 82 05 29
The Deed and Mortgage Release will be recorded in Hillsborough County
and returned to your office. Jhn Hensley is going to take the instruments
to Tampa for recording. There is one additional Release to be mailed
and it will then be recorded which should complete this transaction,
TAB:br
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CITY bF CLEARWATER
Interdepartment Correspondence Sheet
TO: Thomas A. Bustin, City Attonney
FROM: James V. Hensley, Assistant Public Works Director (R.O.W.)
COPIES: Max G. Battle, Public Works Director
SUBJECT: Title Insurance Policy for Hillsborough County Property
DATE: June 29, 1982
Enclosed is the subject policy for review and filing.
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