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Res 76-95 RESOLUTION NO. 76-95 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AUTHORIZING THE CITY TO PURCHASE FROM SELLER CERTAIN REAL PROPERTY IN PALM BEACH COUNTY, FLORIDA, LOCATED AT 2228 SEACREST BOULEVARD AS MORE PARTICULARLY DESCRIBED HEREIN, HEREBY INCORPORATING AND ACCEPTING THE CONTRACT STATING THE TERMS AND CONDITIONS FOR THE SALE AND PURCHASE BETWEEN THE SELLER AND THE CITY OF DELRAY BEACH, FLORIDA. WHEREAS, the City of Delray Beach, Florida wishes to acquire certain property located at 2228 Seacrest Boulevard; and, WHEREAS, the Seller, Rajesh K. Patel, desires to sell the property hereinafter described to the City of Delray Beach, Florida; and, WHEREAS, it is in the best interest of the City of Delray Beach, Florida, to purchase land for the construction of a recreational and educational said property for the purpose of providing facility and for other municipal purposes. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: ~. That the City Commission of the City of Delray Beach, Florida, as Buyer, hereby agrees to purchase from Rajesh K. Patel, as Seller, land for the purchase price of seventy two thousand five hundred dollars ($72,500.00), and other good and valuable consideration; said parcel being more particularly described as follows: See Attachment A ~. That the terms and conditions in the contract for sale and purchase and addenda thereto between the City of Delray Beach, Florida, and Rajesh K. Patel are attached hereto as Attachment B and incorporated herein. 24t//~ October , 1995. PASSED AND ADOPTED in regular session on the ~~,~..~ ~,, ATTEST: City Clerk patel.ord The North 150 feet of the South 290 feet of the East 170 feet of South one-half of the Northwest one-quarter of the Southwest one-quarter of the Southwest one-quarter, Less East 40 feet for road right-of-way, Section 4, Township 46 South, Range 43 East, Palm Beach County, Florida, also described as: Commencing at an iron rod on the westerly right-of-way line of Seacrest Boulevard, which is 140 feet North of and 40 feet West of the southeast comer of the Northwest one-quarter of the Southwest one-quarter of the Southwest one-quarter of Section 4, Township 46 South, Range 43 East, Palm Beach County, Florida; thence nm South 89° 47' 35" West for a distance of 130 feet to a concrete monument; thence mn North 0° 32' 25" West a distance of 150 feet to a concrete monument; thence run North 89° 47' 35" East for a distance of 130 feet to an iron rod on the westerly right-of-way line of Seacrest Boulevard; thence run South 0° 32' 25" East along the wesfly right-of-way line of Seacrest Boulevard a distance of 150 feet to the point of beginning. LESS AND EXCEPT any portion of the property used for public right-of-way. AGREEMENT FOR PURCHASE ,a. ND SALE This Agreement for Purchase and Sale, is made and entered into as of the 2_4t:h_ day of Oetol~r , 1995 by and between Rajesh K. Patei (Seller), and the City of Delray Beach, Florida, a municipal corporation (hereinafter referred to as the "Purchaser"). WITNESSETH: 1. DEFINITIONS. The following terms as used herein shall have the following meaning: 1.1. "Agreement" - this instrument, together with all exhibits, addenda and proper amendments hereto. 1.2. ~ - the meaning ascribed thereto in Section 6.2 of this Agreement, unless extended by the terms of this Agreement, or by mutual consent of the parties. 1.3. 2~,I~ftgliz~I~tl~ - the effective date of Agreement shall be the date upon which the City of Delray Beach Commission shall have approved the execution of this Agreement at a formal meeting of Board. 1.4 "Inspection Period" - that certain period of time commencing upon the Effective Date and terminating sixty (60) days thereafter. ' - 1.5 "Permitted Exceptions" - those exceptions to the title of the Property as .'. set forth in Exhibit "B' hereto attached, together with any other title matters that may be waived in writing by the Purchaser. 1.6 "Real Property." - the real property legally described in Exhibit "A' attached hereto and made a part hereof, together with all improvements situate thereon. ". 117 "Tangible Personal Property" or "Personal Property_" - All of Sellers right, title and interest in all appliances, futtures, equipment, machinery, furniture, carpet, drapes, and other personal property, if any, located on or about the land and the improvements used in the operation and maintenance thereof. 2. SALE AND PURCHASE. In consideration of the mutual covenants herein contained, and various other good and valuable consideration, Seller agrees to sell and convey to Purchaser and Purchaser agrees to purchase from Seller, on the terms, covenants and conditions hereinafter set forth, the Real Property, and Personal Property together with all fight, title and interest of Seller in and to any and all streets, roads, highways, easements, accesses and rights of way appurtenant to the Real Property, together with all improvements located thereon, ff any. 3. PURCHASE PRICE AND METHOD OF PAYMENT. 3.1 Purchase Price. The purchase price of the Property shall SEVENTY TWO THOUSAND FIVE HUNDRED DOLLARS ($72,500.00). 3.2. Payment of Purchase Price. On the Closing Date, Purchaser sh. all pay at the City's election, by wire transfer of immediately available United States currency or by City check, the total amount of the purchase price of the Property, in United States Currency, subject to any adjusmaents, credits and prorations as herein provided. 3.3. ~. Purchaser has delivered to Seller ONE HUNDRED AND 00Il00 DOLLARS ($100.00) in cash (such amount together with all interest, if any, earned thereon being referred to as the "Earnest Money"). If the sale of the property is consummated pursuant to terms of this Agreement, the "Earnest Money" shall be applied to the payment of the purchase price. If Purchaser terminates this Agreement in accordance with any right to terminate that Purchaser is granted by the terms of the Agreement, the "Earnest Money" shall be immediately returned to Purchaser. 4. p, CKNOWLEDGMENTS. REPRESENTATIONS AND WARRANTIES OF SELLER. As a material inducement to Purchaser to enter into this Agreement, Seller hereby acknowledges, represents and warrants to the best of his knowledge to Purchaser as follows: 4.1. That Seller is indefeasibly seized of marketable, fee simple title to the Property, and is the sole owner of and has good right, title and authority to convey and transfer the Property which is the subject matter of this Agreement, free and clear of all liens and encumbrances, excepting only the Permitted Exceptions. 4.2 That there is no litigation, investigation or proceeding pending, or to the knowledge of Seller threatened, which relates to or adversely affect Seller's ability to perform its obligations under this Agreement. 4.3 That there are no judicial or administrative actions, suits or judgments affecting the Property, including without limitation, any such laws, ordinances, rules or regulations of any governmental authority having jurisdiction of the Property. 4.4 That there are no existing or pending special assessments affecting the Property, which are or may be assessed by any governmental authority, water or sewer authority, school district, drainage district or any other special taxing district. 4.5 There are no condemnation, environmental, zoning or other land-use regulation proceedings, either instituted, or planned to be instituted with regard to the Property. 4.6 On the Closing Date there will be no outstanding contracts made by Seller for any improvements to the Real Property which have not been fully paid for and Seller shall cause to be discharged all construction liens arising from any labor or materials furnished to the Property prior to the time of Closing. 4.7 All documents executed or to be executed by Seller which are to be delivered to Pumhaser at closing will be legal, valid, and binding obligations of Seller. 4.8 There are no service contracts affecting the Property which will survive Closing. 4.9 That all ad valorem real property taxes for the Property have been fully paid for the year 1994, and all prior years. 4.10 That Seller has entered into no other contracts for the sale of any portion of the Property which remain in force. 4.11 That the Property has not in the past been used, and is not presently being used, for the handling, storage, transportation, or disposal of hazardous or toxic substances, wastes or materials. 4.12 It is a condition precedent to closing that all of the representations and warranties of Seller contained in this Agreement shall continue to be true as of the Closing Date, and shall be deemed to be restated and affu'med as of the Closing Date without the necessity of Seller's execution of any document with respect thereto. In the event that any of the Seller's representations shall prove to be materially untrue, Purchaser shall have the right to (i) terminate this Agreement at any time prior to closing upon written notice by Seller, whereupon the parties shall be relieved of all further obligation hereunder; or (ii) proceed to close upon this Agreement without thereby waiving any claim or cause of action against Seller for misrepresentation or breach of warranty. 5. I/qSPECTION OF PROPERTY. During the Inspection Period, Purchaser and its engineers, surveyors, agents and representatives shall have access to the Property upon reasonable notice for purposes of survey, testing and inspection thereof. All surveys, testing and inspections shall be conducted by Purchaser at its expense, and shall be performed by licensed persons or finns dealing in the respective areas or matters tested. Ail testing shall be done in the least intrusive manner, and Purchaser agrees to indemnify Seller to the extem permitted by law from and against any and all loss, damage, cost, expense and/or liability of whatsoever nature arising from or out of Purchaser's, its agents, contractors, employees and invites entry upon and inspection of the Property. Notwithstanding the foregoing, the foregoing indemnification shall not apply to, nor prohibit Purchaser from, the disclosure of the results of said inspections as may be required by applicable law. In the evem that such inspections shall reveal a deficiency in the Property, as determined by Purchaser in its sole and absolute discretion, Purchaser shall have the right to terminate this Agreement at any time during the Inspection Period by giving written notice thereof to Seller, whereupon the parties shall be relieved of all further obligation hereunder. 6. CLOSING. The parties agree that the Closing upon the Property shall be consummated as follows: 6.1 ~1~;/._~]~i~. The closing shall be held at a mutually acceptable located to Seller and Purchaser. · 6.2 ~l.o.~&L]2a~. The closing shall take place within thirty (30) days after ' ' expiration of the Inspection Period, or at such earlier date as is mutually agreed upon by the .'. panics. However, it is expressly understood that the closing on this property shall be coatingent upon the Purchaser's closing on the property owned by NationsBank, located at 2200-2300 Seacrest Boulevard. If the closing on the NationsBank property does not occur for any reason, then the Purchaser shall have no obligation to close on the property. That is the subject of this Agreement. 6.3 ~19~. At closing, Seller shall deliver or cause to be delivered to Purchaser, the following documents, each fully executed and acknowledged as required. 6.3.1 Statutory Warranty Deed. A Statutory Warranty Deed conveying good and marketable fee simple title to the property, subject only to the Permitted Exceptions. 6.3.2 Affidavit of Seller. An Affidavit with respect to construction lien in form sufficient to permit a title insurer to delete the "construction lien' exception from the title insurance policy, and stating that the Property is free and clear of all encumbrances, leases, licenses, contracts or claim of rights, which claims may serve as the basis of a construction lien. 6.4 Possession. At closing Seller shall deliver full, complete and exclusive possession of the Property to the Purchaser. 6.5 Purchaser's Obli_~ations. At closing, Purchaser shall deliver, or cause to be delivered, to Seller, the following: 6.5.1 ~. The required payment due as cash due at closing as provided elsewhere herein. 7. EVIDENCE OF TITLE. 7.1. Within thirty (30) days after the Effective Date of this Agreement, the Purchaser shall obtain an owner's title insurance commitment issued by a title insurance 3 company acceptable to Purchaser agreeing to issue to the Purchaser upon the recording of the Statutory Warranty Deed to the Real Property, an owner's marketability title insurance policy in the amount of the purchase price, insuring the marketability of the fee title of the Purchaser to the Real Property, subject only to the Permitted Exceptions. The cost of said commitment and policy and any premium thereafter shall be borne by Purchaser. The Purchaser shall have until the end of the Inspection Period, in which to review same. In the event the title insurance commitment shall show as an exception any matter other than the Permitted Exceptions, Purchaser shall notify Seller of Purchaser's objection thereto, and Seller shall act with reasonable effort to remove such exception(s), which exceptions shall be deemed to constitute title defects. The Seller shall be entitled to ninety (90) days from the date of notification by Purchaser (with adjournment of the Closing Date if necessary) within which to cure such defects or to make arrangements with the title insurer for the removal of any such objections from the commitment, however, Seller shall have the option of discharging any such matters at closing out of the closing proceeds. If the defect(s) shall not have been so cured or removed from the commitment by endorsement thereto at the termination of the said ninety (90) day period, Purchaser shall have the option of: (a) accepting title to the Property as it then exists; or (b) terminating this Agreement, by giving written notice thereof to Seller, in which event the parties shall be relieved of all further obligation hereunder. 7.2 Seller shall deliver to Purchaser prior to the Closing an endorsement of the commitment making it effective to within five (5) days of the Closing Date. At closing, the title insurance commitment shall be endorsed to remove any and all requirements or preconditions to the issuance of an owner's marketability title insurance policy, and to delete any exceptions for: (a) any rights or claims of parties in possession not shown by the public records; (b) encroachments, overlaps, boundary line disputes and any other matters which would be disclosed by an accurate survey and inspection of the Property; (c) unrecorded easements and claims of easements (d) unrecorded and construction liens or claims of liens; (e) taxes for the year of closing and all prior years; (0 matters arising or attaching subsequent to the effective date of the commitment but before the acquisition of record of the fee simple title to the Real Property by the Purchaser. 7,3 From and after the Effective Date of this Agreement, Seller shall take no action which would impair or otherwise affect title to any portion of the Property, and shall record no documents in the Public Records which would affect title to the Real Property, without the prior written consent of the Purchaser. 8. ~ Purchaser shall have the right, within the time period provided in Section 7 for delivery and examination of Title Evidence, to obtain a current survey of the Real Property and all improvements thereon. Said survey shall be prepared in accordance with the minimum technical standards for surveys within the State of Florida. If the survey reveals any encroachments, overlaps, boundary disputes or other defects, other than the Pennitted Exceptions, which affect marketability of the Property, the same shall be treated as title defects as described in Section 7 of this Agreement and Purchaser shall have the same rights and remedies as set forth therein. 9. RADON GAS. Radon is naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time, Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon testing may be obtained from your County public health unit. 10. EXPENSES. Purchaser shall be responsible for preparation of all closing documents. Purchaser shall submit copies of same to Seller no less than five (5) days before scheduled closing. 10.1 Purchaser shall pay the following expenses at closing. 10. I. 1 The cost of recording the deed of conveyance. 10.1.2 All costs and premiums for the owners marketable title insurance comittment and policy. 10.2 Seller shall pay the following expenses at closing. 10.2.1 Documentary Stamps required to be affixed to the deed of conveyance. 10.2.2 Ail costs necessary to cure title defect(s) or encumbrances, other than the Permitted Exceptions, and to satisfy or release of record all existing mortgages upon the Property. 10.3 The Seller and Purchaser shall each pay their own attorney's fees. 11. ~. On or before the Closing Date, Seller shall establish an escrow fund with the County Tax Collector pursuant to Florida Statutes Section 196.295, and shall pay into said escrow Seller's prorata portion of ad valorem real property taxes for the year of closing as determined by the Tax Collector. Any outstanding taxes for years prior to 1995 shall be paid by Seller. 12. A~.~,~ME~LT~. If on the Closing Date, the Property or any part thereof shall be or shall have been affected by assessments, which are, or which may become payable in annual installments, of which the first installment is then a charge or lien, or has been paid, then for the purposes of this Agreement, all of the unpaid installments of any such assessments, including those which are to become due and payable after the Closing Date, shall be deemed to be due and payable and to be liened upon the premises affected thereby, and shall be paid and discharged by the Seller on or before Closing Date. ' 13. ~. In the event that all or any part of the Property shall be acquired or condemned for any public or quasi-public use or purpose, or if any acquisition or condemnation proceedings shall be threatened or begun by a governmental entity other than Purchaser prior to the closing of this transaction, Purchaser shall have the option to either terminate this Agreement, and the obligations of all parties hereunder shall cease, or to proceed, subject to all other terms, covenants, conditions, representations and warranties of '. this Agreement, to the closing of the transaction contemplated hereby and receive title to the · Property, receiving, however, any and all damages, awards or other compensation arising " from or attributable to such acquisition or condemnation proceedings. Purchaser shall have the right to participate in any such proceedings. 14. REAL ESTATE BROKER. Seller and Purchaser each represents and warrants to the other that it has not dealt with any broker, salesman, agent or finder in connection with this transaction. Without limiting the effect of the foregoing to the extent permitted by law, each party agrees to indemnify, defend and save the other harmless from the claims and demands of any real estate broker, other than broker, claiming to have dealt with the indemnifying party. Such indemnity shall include, without limitation, the payment of all costs, expenses and attorney's fees incurred or expended in defense of such claims or demands. The terms of this Section shall survive the closing or termination of this Agreement. 15. F1RPTA. Seller represents and warrants to Purchaser that Seller is not a 'foreign person~ as defmed by the Federal Foreign Investment in Real Property Tax Act, (the "Act"). At closing, the Seller shall execute and deliver to Purchaser, a "Non-Foreign Certificate~, as required by the Act. Seller acknowledges that in the event Seller fails to deliver the Non-Foreign Certificate, Purchaser shall be authorized to withhold from the closing proceeds an amount equal to ten percent (10%) of the gross amount of the purchase price, and to remit same to the Internal Revenue Service, as required by the Act. 16. NOTICES. Ail notices and elections (collectively, "notices~) to be given or delivered by or to any party hereunder, shall be in writing and shall be (as elected by the party giving such notice) hand delivered by messenger, courier service or Federal Express, or alternatively shall be sent by United States Certified Mail, with Return-Receipt Requested. The effective date of any notice shall be the date of delivery of the notice if by personal delivery, courier service or Federal Express, or if mailed, upon the date which the remm receipt is signed or delivery is refused or the notice designated by the postal authorities as non- deliverable, as the case may be. The parties hereby designed the following addresses as the addresses to which notices may be delivered, and delivery to such addresses shall constitute binding notice given to such party: 16.1 Purchaser: City of Delray Beach, Florida 100 N.W. 1st Avenue Delray Beach, Florida 33444 Atto: David Harden, City Manager With a copy to: Susan A. Ruby, Esq. City Attorney 200 N.W. 1st Avenue Delray Beach, Florida 33444 Phone: (407) 243-7091 Fax: (407) 278-4755 16.2 Seller: Rajesh K. Patel 109A East Boynton Beach Boulevard Boynton Beach, FL 33435 Phone: (407) 738-5616 Any party may from time to time change the address to which notice under this Agreement shall be given such party, upon three (3) days prior written notice to the other parties. 17. A~Ca~I~i,~J~LT. Neither Purchaser nor Seller shall assign this Agreement or any interest herein without the prior written consent of the other party. 18. ENFORCEMENT COSTS. In the evem any action, suit or proceeding is commenced with respect to interpretation or enforcement of this Agreement, the prevailing party therein shall be entitled to recover all costs, expenses and fee, including, without limitation, reasonable attorney's fees, expended or incurred by such party in connection therewith, including any such costs expenses and fees upon appeal and in post judgment proceedings. 19. DEFAULT. In the event Seller fails or refuses to perform any term, covenant, or condition of this Agreement, Purchaser shall, in addition to any other remedies provided at law or in equity, have the right of specific performance thereof. 20. GOVERNING LAW & VENI. JE. This Agreement shall be governed by, construed and enforced in accordance with, the laws of the State of Florida. Venue in any action suit or proceeding in connection with this Agreement shall be in Palm Beach County, Florida. 21. BINDING EFFECT. This Agreement shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective legal representatives, successors and assigns. 22. ~. Neither this Agreement, nor any memorandum or short form hereof, shall be recorded in the Public Records of Palm Beach County, Florida. 23. TIME OF ESSENCE. Time is of the essence with respect to the performance of each and every provision of this Agreemem where a time is specified for performance. 24. 12~..~~t. This Agreement constitutes the entire understanding and Agreement between the parties with respect to the subject matter hereof, and may not be modified or amended, except in a writing signed by all of the parties hereto. 25. EFFECTIVE DATE OF AGREEMENT. This Agreement is expressly contingent upon the approval of the City Commission of the City of Delray Beach. 26. ~AD~GS. The paragraph headings or captions appearing in this Agreement are for convenience only, are not part of this Agreement, and are not to be considered in interpreting this Agreement. [This page is intemionally left blank] IN WITNESS WHEREOF, the parties have caused this Agreement to be executed in their respective names, on the dates set forth below. Signed, sealed and delivered in the presence of: Date of Execution by Seller: WITNESSES: RAJESH K. PATEL Wim~ignature , Name Printed or Typed State of Florida County of The foregoing instrument was acknowledged before me this-}Ct,, day of ' ' ~ m'~ b,e ~_ , 1995 by ~0', < S k ~(. ~-~ I (name of person ackno_wledging),, who is personally known to me or who has produced ~a- ~93q O- "}3 ) ~ ~, 0 ~ 30'3- 0 (type of identification) as identification and who did (did-not) take an oath. '" .. Signat~i~of Notary Pt~blidJ- State of Florida Print, Ty~e, or Stamp Name4f Notary Public ~ .~L~,)~. ,~ OOMIIISBION NUMBER !5~..'1~1~_.,.,,~ MY O01dMtBSIO# EXP. Date of Execution by Purchaser: Oc~:ol:~r 24, , 1995 CITY OF DELRAY BEACH, FLORIDA, a Florida municipal corporation Title: ATTEST: City Clerk City Attorney patel.agt ~/m North lf0 feet of ~e South 290 feet of the East 170 feet of South one-half of ~e Normwest o~-qu~rm' of me Soumwest o~e-q~r of me Soumwest o~e~r: ~s ~t ~ feet for road fight~f-way, Sec~on 4, To~p ~ Soum, ~ge 43 E~t, P~ B~ch / CommencEg at ~ kon md on Ee ~esterly fight-of-way I~e of Seacrest Boulev~d, w~ch M 1~ f~t No~ of ~d ~ f~t W~t of ~e sought comer of Ee No.west one~r of Ee Sou~wem one--er of ~e Sou~w~ o~~r of Se~on 4, To~p ~ Sou& ~ge 43 ~, p~lm B~ch Co~, Eod~; ~e~e ~ Sou~ 8~~ 47' 3~" W~ for a dh~e of 130 feet to a corm w a con.em modem; ~ence ~ No~ 0~ 32' ~' W~t for a ~ce of 1~0 f~t w a co.em monmem; ~e~ m No~ 89~ 47' ~' ~ for a ~ce of 130 f~t ~ ~ kon md on ~e we~rly d~t~f-way I~e of S~ Bou!ev~d; ~enc= ~ Sou~ 0~ ~2' ~ ~t ~ong ~e wesmrly fi~t~f-way ~ of S~t Bogeyed a ~ce of 1~0 f~: to ~e po~t of be~. -- LESS AND E:XCEFT any port/on of the Prop~ ttsed for public r/gift-of-way. Tax ID Number or Folio Number of Property: Grantee's Social Security Number or Tax ID Number AFTER RECORDING RETURN TO: Susan Ruby, Esq. City Attorney 200 N.W. 1st Avenue Delray Beach, Florida 33444 STATUTORY WARRANTY DEED RAJESH K. PATEL, ("Grantor") whose address is ., for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) paid to Grantor and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, as GRANTED, SOLD and CONVEYED and does hereby GRANT, SELL and CONVEY unto the City of Delray Beach, whose address is 100 N.W. 1st Avenue, Delray Beach, Florida, 33444 in fee simple title, that certain land located in Palm Beach County, Florida, being more particularly described in ~, attached hereto and incorporated herein by reference, together with all improvements, if any, located on such land (such land and improvements being collectively referred to as the "Property"). This conveyance is made and accepted subject to all matters (the "Permitted Exceptions") set forth in ~, attached hereto and incorporated herein by reference. TO HAVE AND TO HOLD. the Property, together with all and singular the rights and appurtenances pertaining thereto, including all of Grantor's right, title and interest in and to adjacent streets, alleys and rights-of-way, subject to the Permitted Exceptions, unto Grantee and Grantee's heirs, successors and assigns forever. And Grantor hereby covenants with Grantee that, except as above noted, that at the time of the delivery of this Warranty Deed the Property was free from all encumbrances made by it and that Grantor will warrant and defend the same against the lawful claims and demands of all persons claiming by, through or under Grantor, but against none other. EXECUTED on the date set forth in the acknowledgment attached hereto to be effective as of the ~ day of ,199 WITNESS: RAJESH K. PATEL Name: Grantor Name: State of Florida County of The foregoing instrumem was acknowledged before me this day of , 1995 by (name of person acknowledging), who is personally known to me or who has produced (type of identification) as idemification and who did (did not) take an oath. Signature of Notary Public - State of Florida Print, Type, or Stamp Name of Notary Public EX~TR~ "A~ J, be North 150 feet of the South 290 fee= of the East 170 feel of South one-half of the Northwest one-quarter of the Southwest one-quarter of the Southwest one-quarter; L~ss 40 feet for road fight-of-way, See~on 4, Township 46 South, Range 43 ]East, Palm Beach CotmD', Florida, also described as: / Commencing at an iron rod on the ~,esterly right-of-way line of Seacrest Boulevard, which is 140 feet North of and 40 fee~ West of the southeast comer of the Northwest one-quarter of the Southwest one-quarter of the Southwerc one-quarter of Section 4, Town~hip 46 South, Range 43 East, Palm Beach County, Florida; thence run South 89° 47' 35" West for a distance of 130 feet to a concrete to a concrete monument; thence run North 0° 32' 2~" West for a distance of 150 feet to a concrete monument; thence nm North 89° 47' 35" East for a distance of 130 feet to an iron rod on the westerly right-of-way line of Seacrest Boulevard; thence nm South 0° 32' 2~' Fast along the westerly fight-of-way ~ of Seacr~t Boulev..ard a distance of I$0 feet to the point of beginning. -. I.F. SS AND EXCEPT ~ny po~on of ~he propert./used for public right-of-way. EXHIBIT B TO STATUTORY WARRANTY DEED PERMITTED EXCEPTIONS TO DEED 1. Taxes and assessments for the year of 1995 and subsequent years, which are not yet due and payable. RAJESH K. PATEL, [1]("Assignor'), for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00) and other good and valuable consideration paid to Assignor by [2] the City of Delray Beach ("Assignee"), the receipt and sufficiency of which are hereby acknowledged, has ASSIGNED, SOLD, CONVEYED and DELIVERED, and does hereby ASSIGN, SELL, CONVEY and DELIVER unto Assignee, its successors, heirs, executors, administrators personal representatives and assigns, all of Assignor's right, title and interest, if any, in and to the following: 1. All of the f~xmres, equipment, machinery, furniture and other personal property (the "Personal Property") placed or installed on or about the real property (the "Real Property") being more particularly described in ~, attached hereto and incorporated herein by reference; and, 2. All intangible property (the "Intangible Property") pertaining to the Real Property or the Personal Property or the use thereof including, without limitation, transferable utility contracts, transferable telephone exchange numbers, plans and specifications, engineering plans and studies, floor plans and landscape plans relating to the same or any part of the same. 3. The Assignor for itself and its successors, covenant to and with the Assignee, its successors and assigns, that it is the lawful owner of the personal property and intangible property; that they are free from all encumbrances; that it has good right to sell the aforesaid, and that it will warrant and defend the sale of the personal property and intangible personal property on behalf of the Assignee, its successors and assigns, against the lawful claims and demands of all persons whomsoever. By acceptance of this Bill of Sale, Assignee accepts and agrees to all matters set forth herein. EXECUTED this ~ day of , 199 RAJESH K. PATEL WITNESSES: Name: Name: fhe North !50 fee~ of ~he South 290 fee: of the East 170 fee~ of South one-half of ~he Northwest one-quar~r of ~e Sou~wes~ one-q~r of ~e Sou~west one--r; ~s ~t ~ feet for road ~g5t~f-way, Sec~on 4, To~p ~ Sou~, ~ge 43 ~t, P~ B~ch Co~, ~oH~, ~o d~bed ~: / Commenc~g at ~ ~on rod on ~e ~esterly HgSt-of-wzy l~e of Se~crest Boule~d, w~c5 ~s 1~ f~ No~ of ~ ~ f~ West of ~e sought co.er of ~e No.west one~r of ~e So~west o~~r of ~e So~w~ o~~r of Set,on 4, To~p ~ So~, ~ge 43 ~, P~[m B~c5 Co~, ~oH~; ~ence ~ Sou~ 89" 47' 35" W~ for a d~ce of 130 f~: to a co~ m a concre~ mon~e~; ~e~e ~ No~ 0" 32' ~" W~: for ~ ~e of 150 f~ W a co~e~ mon~e~; ~e~ ~ No~ 89' 47' 35" ~ for a ~ of 130 f~ w ~ ~n rod on ~e w~mfly fi~f-way ~e of S~ Bo~ev=d; ~nce ~ Sou~ 0~ 32' ~" ~ ~ong ~ wes=fly fighi~f-way ~e of S~z Bo~ey~ a ~ce of 150 f~: :o, ~e po~ of be~--i-i. __ AND EXCEPT any portion of rJ:e property used for public fi~ht-of-way. glT¥ DF DELRIW BEII£H Writer's Direct Line: (407) 243-7091 DELRAY BEACH ,,~a DATE: October 18, 1995 ~ ~5~ ~ TO: Ci, Co~ission ~ ~~ ~ FROM: Susan A. Ruby, City Attorney SUBJECT: Resolution No. 76-95; Contract for Sale and Purchase of the Patel Property_ (2228 Seacrest Boulevard) Our office has negotiated a contract with Mr. Patel for the purchase of the above-named property. The Patel property contract contains the following essential terms: 1. Purchase price is $72,500.00. 2. If the City chooses to terminate the contract upon default of Seller, the $100.00 earnest money will be returned to the City, or if the contract is not terminated, the $100 earnest money shall be deducted from the contract price. The City has the right of specific performance and other remedies available at law if the seller defaults. 3. City to receive from Seller a Statutory Warranty Deed. 4. The City has sixty (60) days from the effective date of the contract to perform inspections including an environmental audit and survey. 5. Closing is to occur within ninety (90) days of the effective date of the contract. 6. The City shall pay the cost of recording the deed, all costs and premiums for the owner's marketable title insurance commitment and policy. 7. The Seller shall pay all Documentary Stamps, all costs necessary to cure title defects and to obtain a satisfaction or release of record of all Printed on F~ec~cle:l Paper City Commission October 18, 1995 Page 2 existing mortgages on the property, taxes through the date of closing, and assessments. Each party is to bear their own attorney's fees. The attached resolution incorporates the legal description and the Contract for Sale and Purchase and addenda. By copy to David Harden, City Manager, our office requests that the aforesaid documentation be placed on the City Commission October 24, 1995 regular agenda for consideration by the Commission. Please call if you have any questions. SAR:ci cc: David Harden, City Manager Alison MacGregor Harty, City Clerk patell0.sar ~ r~ ~ ~ ~' A ~ILIC HEARING SHALL BE ~r~ ~v~a, ~t' ,,,. d ~ c~ ~ ~ ~, ~.~. ~' · .. AND EXCEPT ~ ~ ~ ~m ~ ~t~ d ~ ~' C TY ~ ~L~Y ~EACH,