BGC INCORPORATED
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AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
THIS AGREEMENT, made and entered into this d n
day of
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,1986, by and between B.G.C., INC., a Florida Corporation,
whose address is P. O. Drawer N, Clearwater, FL 33518, hereinafter
referred to "Seller", and the CI'rY OF CLEARWATER, FLORIDA, a
municipal corporation, hereinafter referred to as "Purchaser":
WIT N E SSE T H :
That in consideration of the payments and covenants herein
provided, and other good and valuable considerations, Seller agrees
to sell and Purchaser agrees to buy the real property ("Property"),
situate in Pinellas County, Florida, described as follows, to wit:
Commence at the NW corner of the NW 1/4 of the
NW 1/4 of Section 16, Township 29 South, Range
16 East; thence run S 00037'03" W, along the West
line of the NW 1/4 of the NW 1/4 of said Section
16, 50.00 feet, to the South right-of-way line of
Drew Street and the P.O.B.; thence run S 89028'42" E,
along said South right-of-way line, 22.00 feet;
thence run S 27009'48" W, 11.19 feet; thence run
S 00037'03" W, 435.57 feet; thence run N 89028'39" W,
17.00 feet to the West line of the NW 1/4 of the NW 1/4
of said Section 16; thence run N 00037'03" E, along
said West line, 445.57 feet, to the P.O,B.
1. Purchase Price. The total purchase price of the Property
shall be in the sum of Fifteen Thousand One Hundred Ninety-two
Dollars ($15,192.00), payable in full at closing.
2. Closing Date. The closing shall be on or before sixty (60)
days of the date of the full execution of this Agreement, unless
extended by other provisions of this Agreement.
3. Conveyance. Seller agrees to convey fee simple title to
the Property to Purchaser by statutory Warranty Deed, free and
clear of all liens and encumqrances, except those set forth ln this
Agreement, if any, and those otherwise accepted by Purchaser.
4, Title Insurance. Purchaser agrees to purchase at its
expense a title insurance policy from a Florida licensed title
insuror and to obtain with reasonable diligence, but not less than
twenty (20) days prlor to closing, a commitment for title lnsurance
in the amount of the purchase price, which commitment shall show a
marketable, unencumbered, fee simple title to the Property in the
Seller, subject only to zoning, restrictions of record, taxes for
1986 and subsequent years, and public utility easements; and to
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liens, encumbrances, exceptions or qualifications set forth in
this Agreement, and those which shall be discharged by Seller
at or before closing. The Purchaser shall have a reasonable time
after the delivery of said commitment for the examination thereof,
and within said period but not less than ten (10) days prior to
closing shall notify the Seller in writing of any objections to
said title. If such notification is not given within the time
specified herein, then the title shall be conclusively deemed to
be acceptable to the Purchaser. In the event that the title of
the Seller 1S not good and marketable, the Seller shall have a
reasonable time thereafter, but not more than one hundred twenty
(120) days from receipt of notice from the Purchaser, to make a
diligent ~ffort to perfect the title; and if the defects are not
cured within such time, the Purchaser may either cancel this
Agreement or waive the defects and accept the Property without
deduction on account of said defects.
5. No brokers. Each party affirmatively represents to the
other party that no brokers have been involved in this transaction
and that no broker is entitled to payment of a real estate com-
mission because of this transaction.
6. DQcuments fo~ Clos1ng. Seller shall furnish deed,
mechanic's lien affidavit, assignment of leases (if any), and any
corrective instruments that may be required in connection with
perfecting title. Purchaser shall furnish closing statement,
and, if required, mortgage, note, security agreement and financing
statement.
7. Prorations. Real estate taxes shall be prorated as of
the date of closing,
8. Survey. Purchaser may obtain at its expense a survey.
If the survey shows any encroachment on the Property or that
improvements intended to be located on the Property encroach upon
setback lines, easements, lands of others, or violate any re-
strictions, covenants or applicable governmental regulations,
the same shall be treated as a title defect if brought to the
attention of Seller not less than ten (10) days prior to closing.
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9. Expenses. The Purchaser shall pay for the documentary
stamps to be placed on the Warranty Deed and the costs for recording
same. The Seller shall pay only the cost of recording any
instruments that may be required in connection with perfecting the
title, including but not necessarily limited to instruments
releasing the Property from any existing mortgages or other
encumbrances.
10. Persons Bound; Agreement Not Assignable. This Agreement
shall be binding on the parties hereto and their respective personal
representatives, heirs, executors, administrators, and successors.
Neither this Agreement nor any rights hereunder shall be assignable.
11. Agreement Not Recordable. Neither this Agreement nor any
notice thereof shall be recorded ln the public records of Pinellas
County, but this Agreement shall be deemed a record available for
public inspection in the offices of the Purchaser pursuant to the
Public Records Law of Florida.
IN WITNESS WHEREOF, the parties hereto have set their hands
and seals the day and year first above written.
WITNESSES AS TO SELLER:
B.G.C., INC.
ByDc. c-ll
President
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Attest:
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, ecretary
(Corporate Seal)
SELLER
By
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Attest:
form
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