ELLIS & COMPANY LIMITED
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PURCHASE AGREEMENT FOR RIGHT-OF-WAY
PROJECT
GOULD STREE T
THIS AGREEMENT is made between ELLIS & CO., LTD., a Florida Limited
Partnership, whose mailing addr~ss is P. O. Box 1879, Tarpon Springs, Fl.
34688. Phone: (727) 449-2020, ATTN: Bruce Strumph, Realtor (herein "Seller"),
and the CITY OF CLEARWATER, FLORIDA, a Florida Municipal Corporation (herein
"Buyer" or "City").
WITNESSETH
For and In consideration of the mutual covenants and conditions herein
contained, Seller hereby agrees to sell and Buyer agrees to buy the following
property or interest therein, upon the following terms and conditions:
I. DESCRIPTION
(a) Real estate or interest therein, identified as being the north
twenty feet (20') of Lots 21 and 22, Block 5, R. H. PADGETT'S
RESUBDIVISION OF ORIGINAL LOTS 2 AND 5, as recorded in Plat Book
4, Page 32 of the Public Records of Pinellas County, Florida, and
being depicted in EXHIBIT "AU attached hereto.
INTEREST BEING ACQUIRED:
[X] Fee simple
] Easement
b)
Personal property to be conveyed:
None
II. PURCHASE PRICE
Amount to be paid by Buyer to Seller at closing... ...$ 14,000.00
III. CONDITIONS AND LIMITATIONS
(a) It is mutually understood and agreed that this Agreement is
executed by the Seller subject to final approval and acceptance by
the Clearwater City Commission, which shall occur within forty-five
(45) days of receipt of this document by Earl Barrett, Real Estate
Services Manager in the Clearwater Public Works Department,
executed in duplicate by Seller. Date of acceptance and execution
by duly authorized officers of the City shall be the Effective Date
of this agreement, and execution shall serve to ratify and confirm
the purchase price and all terms and conditions as are contained
herein. If this agreement is not timely accepted and executed by
the City, Seller may, at Seller option, withdraw from this
agreement by providing written notice of such intent to the office
of the City Attorney, whereupon this agreement shall thereafter be
null and void in all respects.
(b) No actual or estimated ad valorem taxes shall be prorated to
Buyer or collected from Seller at time of closing this
transaction. Buyer shall pay state documentary stamps to record
deed given in this transaction, and attorney fees in the amount
of $500.00 to the Seller.
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Page 2 - Gould St~eet R/W (Ellis & Co.)
(c) Seller shall deliver unencumbered title to Buyer at closing;
however, Buyer shall, at Buyer's sole cost and expense, have the
obligation to obtain any releases of encumbrances as Buyer may
require, together with title insurance and certified parcel survey.
(d) Seller authorizes, and the city agrees, to restore to the present
or equal condition any of Seller's remainder property up to but not
more than five feet (5') abutting the parcel being conveyed that
may be disturbed or impacted during construction of contemplated
right-of-way improvements. Such restoration shall be accomplished
at City expense and shall be completed not later than project
completion.
IV. CLOSING DATE - POSSESSION
This transaction shall be closed and the Seller shall convey title by
Special Warranty Deed within sixty (60) days of the Effective date of
this agreement.
V.
TYPEWRITTEN OR HANDWRITTEN PROVISIONS
Typewritten or handwritten provisions inserted herein or attached
hereto as addenda, and initialed by the parties, shall control
all printed provisions in conflict therewith.
VI.
IN WITNESS WHEREOF, the Seller ~: capse,d these presents to be
executed this ~ day of $~k:H~V , 1998.
By..
By:
P~int name,~}lf; ~j;:,~~1 JR.
Tltle 6.pv.~v f1. ,,/,
Sign
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Print Witness name
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Page 3 - Gould street R/W (Ellis & Co.)
VI. FINAL ACCEPTANCE BY THE CITY OF CLEARWATER, FLORIDA, EFFECTIVE DATE.
IN WITNESS WHEREOF, the City of Clearwater, Florida has caused these
presents to be approved and accepted by its City Commission, and executed in
its name by its officers thereunto duly authorized this ~o~day of
Or~ , 1998.
BUYER:
OF CLEARWATER, FLORIDA
Countersigned:
XTY
By:
-Commissioner
Michael J. Roberto, City Manager
Approved as to form
and correctness:
Attest:
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Clerk
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John Carassas
Assistant City Attorney
Ellis & Co. ROR Contr.0898ewb
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EXHIBIT "A"
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Not To Scole
GOULD
ST.
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LOT 21
R.H. PADGETTS RESUB
OF ORIG. LOT 2&5
LOT 22
R.H. PADGETTS RESUB
OF ORIG. LOT 2&5
PLATBOOK 4
PAGE .32
PLATBOOK 4
PAGE .32
NOTE: This is not 0 survey!
~SEAt-e:.... CITY OF CLEARWATER. FLORIDA
~~~\ PUBUC WORKS ADMINISTRATION
~2ji/ ENGINEERING