INTERNATIONAL CONTRACTORS INC
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aEAL ESTATE COI~~CT
THIS A~~NT, made and entered into this 28th day of
June
, 19 ~ between CITY OF ctEAa~~ATE.:t,
FLORIDA, a.municipal corporation, hereinafter called "Sellern, and
International Contractors Inc.
d/b/a Blue's Surveying & Engineering
1231 Kapp Drive
Clearwater, Fla. 33515
hereinafter called "Purchaser":
'W I T N E SSE T H:
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That in consideration of the mutual promises and coven-
ants herein contained, and other valuable considerations passing
be~een the parties hereto, the Seller agrees to sell and the Pur-
chaser.agrees to buy the following described property situate,
lying and being in Pin~lla s County, Florida:
Lot 1 less the West 528.64 feet of
CLEAaWATER INDUSTRIAL P ~:tK_ REPLA..~" accord-
ing to the map or plat thereof as.
recorded in Plat Eook -71 J Page 91,
Public aecords of Pinellas County,
Florida, containin~ 1.14 acres,
upon the following terms -and conditions:
(1) The total purchase price of said property shall be the
sum of
$22,800.00 Net
I payable at the t~mes and in the man-
ner following:
(A.)" $ 500.00 to be paid on the signing of
this cQntract as earnest money deposit, re-
., aeipt of which is hereby aclmowledged by
Seller. .$. ';
(B) Balance to be paid in -cash on or before 90
( Ninety ) days from completion of Sunnydale Blvd.
(C) No Real Estate Broker Involved.
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(Z) The property shall be conveyed by Fee SiIr.pleDeed and shall be free
and clear of all encumbrances whatsoever, except as otherwise provided herein.
(3) It is understood that' this property is subject to the restTictio~s and
protective covenants of the Clearwater Industrial Park dated June 10, 1957, and
recorded in Official Record Book 115, at Page 347, Pinellas County Records,
and as supplemented by amendment dated September 9, 1957, recorded in O. R.
Book 169, page 54Z; by amendm.ent dated August 19, 1959, recorded in O. R.
Book 680, page 63; and by amendm.ent dated September 23, 1968, recorded
in O.R. Book 2914, page 516, said Pinellas County Records.
(4) It is' understood that this property is to be improved and developed
as a subdivision for use as an industrial park by Seller; that it is zoned for
use by light industries; and that streets will be improved and completed and
drainage will be installed in said subdivision by Seller in accordance with require-
ments of the Board of County Comnnssioners of Pinellas CO\mty, Florida,
regulating development oi subdivisions. It is further \mderstood that in" the event
that this transaction shall be closed prior to the completion of said im.provements
that the responsibility of Seller in cozmection therewith shall continue until the
same have been completed.
(5) Seller shall pay all taxes through the year 19 17
. T axe s
and assessm.ents, if any, for the current year shall be pro-rated as of the day
of closing. Seller agrees to place the necessary Docum.entary Stamps on the
Deed of Conveyance and to pay Intangible Tax on any mortgage received as part
of the consideration. Purchaser agrees to place Docum.entary Stamps on any
promis sory note executed.
(6) Possession will be given on the date of closing which, s~b~ect to
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the provisions of this agreement, ~hall be on or before j~ ~ ,~,
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days from the date of this agreement.
(7) Seller agrees, at its expense, to furmsh a Commihnent for
Title Insurance from a reputable title company authorized to do busines s in
Florida, withm five (5) days after execution of this contract and, thereafter,
to pay for an Owner's Title Policy in the face amount of the purchase price if the
same is issued. In the event said Commitment for Title Insurance indicates that
the title to said property is merchantable and free and clear of liens and
enC'tl1nbrances except as herein otherwise provided, this tTansaction shall be there
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upon completed as herei~ provided. In the event Commitment shall
indicate otherwise, the Seller shall have a period of sixty (60)
days after notification thereof within which to cure defects in
title, and this sale shall be closed within ten (10) days after
notice of such curing to the Purchaser or his attorney. Upon
Seller's failure to correct said defects within the time limit,
the earnest money deposit shall be returned to the Purchaser upon
demand and all rights and liabilities arising hereunder shall ter-
minate. In the event Seller shall perform all of his obligations
under this contract and Purchaser shall fail or refuse to make the
balance of the payments, or to pay the balance of the purchase
price as above set forth, the said cash payment made on this dat~
may be retained by or delivered to the Seller as liquidated dam-
ages by ,reason of the Purchaser's failure to complete this agreement.
(g) The loss or damage of the premises by fire or other
casualty until the delivery of the deed is assumed by Seller.
{9} Time is of the essence of this agreement and all coven.
ants and agreements herein contained shall extend to and be obliga-
tory upon the heirs, personal representatives and assigns of the
respective parties. The words rtSeller" and "Purchaser" herein em:-
ployed shall be construed to include the plural as well as the sL~-
gular .
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IN !(!TNESS WHEREOF, the parties have hereunto set their
hands and seals in person and by and through their personal repre-
sentatives the day and year hereinabove mentioned.
CLEAR.w ATEi-? ,
corpora
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Signed,' sealed and delivered
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International Contractors Inc.
Geo. C. Knight
Sec/Treas.
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