CITY OF CLEARWATER (5)
-'1
r
.~
~~HIS AGREEMENT made and entered into this day of
~GU~T, A.D. 19815 by and between the CITY OF CLEARWATER,
AGREEMENT FOR PURCHASE AND SALE OF REAL ESTATE
~i
;
FLORIDA, a municipal corporation, hereinafter referred to as
Seller, and CLEARWATER HOUSING AUTHORITY, hereinafter referred
to as Purchaser.
WIT N E SSE T H:
That in ~onsideration of the payments and covenants herein
.
provided, and other good and valuable considerations, Seller.
agrees to sell and purchaser agrees to buy the following described
real estate situate in Pinellas County, Florida, to wit:
Lots 14, IS, 29 and 30; Block A,
Coachman Heights Revised, according
to the map or plat thereof recorded
in Plat Book 20, page 26, Public
Records of Pinellas County, Florida,
together with all the right, title
and interest of the City of Clearwater
in vacated Haven Street.
at and for the total sum of $180,000.00, payable at the times
and in the manner following:
$100.00 to be paid upon execution of this agreement, re-
ceipt of which is h~reby acknowledged by the Seller, and the
balance of the total purchase price of $179,900.00 shall be paid
in cash upon closing which shall be on or before sixty (60) days
following HUD approval of a Request for Land Purchase Approval
for project FL-075-003; but in no event longer than one hundred
eighty (180) days from the date hereof.
IN CONSIDERATION WHEREOF, Seller agrees to convey said
property to said Purchaser by good and sufficient fee simple
deed, with a marketable title, free and clear of all encumbrances
of record. Seller shall affix the proper documentary stamps on
the deed, and Purchaser shall record same.
Purchaser shall accept title subject to restrictions of
record common to the subdivision, zoning ordinances, public
utility easements of record and encroachments indicated by survey;
c c: ; t;~1 (,~.~.U.~~"'l7'
~:i...t "..,,/., j
'l~. cr"-
"" .' , ,1" ~,{:; ; "-<_a.~'
. .
~ '" ,~~'.',f. '7. t....(!}>,.Ltj
- 1 -
t" .' < ~~
~=- >,
.,.~-
"1'
. ,
-.
provided that none of the foregoing materially interferes with
the use of the property as a site for assisted elderly housing.
The sale, if closed prior to November 30, 1981, shall be subject
~ to t'he existing leas,e to SPARe, Inc., which expires on t.hat date.
Seller shall give to Purchaser within twenty (20) days
from date hereof title insurance commitment, certified to the
date of this agreement or later, evidencing a good record, un-
encumbered title. Purchaser shall have fifteen (15) days after
delivery of title insurance commitment for examination and ac-
ceptance thereof, and/or to notify Seller, in writing, of any
objections to said title. If no notification is received by
Se.ller within said time, then said title shall be conclusively
deemed to be acceptable to Purchaser. In the event Seller's
title is not good and marketable of record, it shall have a
reasonable time to thereafter perfect same, and if such defects
are not cured within such reasonable time, then Purchaser may
cancel this contract, or waive the defects. If Purchaser shall
default under this contract, the earnest money deposit shall be
retained by Seller in lieu of liquidated damages and/or as rental
for the premises.
The Seller shall provide Purchaser within twenty (20)
days from the date hereof a survey of the above-described
property.
This is a direct transaction between the Seller and
Purchaser and neither party shall have any responsibility for
the payment of a real estate commission.
This Agreement shall be binding on the respective suc-
cessors and assigns of the parties.
- 2 -
. ,
I
..~
~'-
~
I'
IN WITNESS WHEREOF, the parties hereto have set their
hands and seals the day and year first above written.
.;
Countersigned:
~4dt:nef tf ~
Approved as to form and
CITY OF CLEARWATER, FLORIDA
By
correctness: ct. ... .
Attest: ~ [;~
City Clerk
Signed, sealed and delivered
in the presence of:
,.,>~U--)J/~~
/.
1..J
rjr~ y ~~~
As to Purchaser
- 3 -
.t .:
CLEARWATER HOUSING AUTHORITY
B;rJ;r ~
Ytf!..L.... Chairman
Attest:~~~
Secr~~ary~ ~