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2010-76 CLOSING OF DRIVEWAY ACCESS PURCHASE AGREEMENT Owner(s): Joseph G. Holt and Shirley Holt 260 Orange Avenue Clermont, FL 34711 Buyer: City of Clermont Post Office Box 120219 Clermont, Florida 34712 In consideration of the following promises and obligations, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Owner and Buyer (as identified above) hereby agree that Owner shall permit the driveway access described below to be forever closed pursuant to the following terms and conditions: Description of Property Interest to be Acquired: (a) Driveway access from Owner's property located at 260 Orange Avenue, Clermont, FL to 3` Street in Clermont Florida as more particularly described in Exhibit "A" attached hereto and incorporated herein, shall upon payment of the funds set forth below shall be forever closed and the Owner on his behalf and that of his assigns, heirs and/or transferees forever waives and relinquishes any right Owner may have to use the driveway access described in Exhibit "A ". (b) Above listed right being acquired by Buyer for the purpose of completing road and related improvements to 3 Street. II. Acquisition Cost Total Property Interest Costs $ 6,500.00 III. Terms, Conditions and Limitations (a) Owner represents and warrants that Owner owns full and complete interest and right to transfer or relinquish the property interest described above and has the full power, right and authority, and is duly authorized, to enter in this Agreement (hereinafter referred to as "Agreement "), to perform each and all of the matters and acts herein provided, and to execute and deliver all documents provided hereunder. (b) Buyer in its sole discretion shall select a closing agent or closing attorney to conduct closing which shall take place at Clermont City Hall in Lake County, and at such time as mutually agreed upon between Buyer and Owner on the date specified in Section IV unless such date is extended by Buyer and Owner. Buyer shall pay to Owner at closing in United States Dollars by regular bank check issued by Buyer in the sum set forth in Section II. Buyer and Owner shall execute all 1 documents required by the closing agent or closing attorney conducting the closing. Owner agrees that the Property Interest described in Section I of this agreement shall be conveyed to Buyer by conveyance instrument(s) acceptable to Buyer. The Effective Date of this Purchase and Sale Agreement shall be the date upon which this Agreement is by the Buyer. It is expressly agreed by Owner and Buyer that time is of the essence of this Agreement and in the performance of all conditions, covenants, requirements, obligations and warranties to be performed or satisfied by the parties hereto. Waiver of performance or satisfaction of timely performance or satisfaction of any condition, covenant, requirement, obligation or warranty by one party shall not be deemed to be a waiver of the performance or satisfaction of any other condition, covenant, requirement, obligation or warranty unless specifically consented to in writing. Unless otherwise expressly provided herein, all periods for performance, approval, delivery or review and the like shall be determined on a calendar day basis. If any day for performance, approval, delivery or review shall fall on a Saturday, Sunday or legal holiday, the time therefore, shall be extended to the next business day. (c) In the event it shall be necessary for either party to the Agreement to bring suit to enforce any provision hereof the prevailing party in any such litigation, including any appeals, shall be entitled to recover from the other party, in addition to any damages or other relief granted as a result of such litigation, all costs and expenses of such litigation and all reasonable attorneys' fee as fixed by the Court. (d) Any notice or other communication permitted or required to be given hereunder by one party to the other shall be in writing, shall be effective upon receipt and shall be delivered by registered or certified United States Mail, postage prepaid, return receipt requested, or by facsimile or telecopy transmission, with acknowledgment of receipt upon transmission (provided that if notice is sent by facsimile or telecopy transmission, it must also be sent by one of the other methods of delivery specified herein), to the party entitled or required to receive the same, as follows: TO OWNER: Joseph G. Holt 260 Orange Avenue Clermont, FL 34711 TO BUYER: City of Clermont P.O. Box 120219 Clermont, FL 34712 Attention: City Manager WITH A REQUIRED deBeaubien, Knight, Simmons, Mantzaris and Neal, LLP COPY TO: P.O. Box 87, 332 N. Magnolia Avenue Orlando, FL 32802 Attention: Daniel F. Mantzaris Telephone 407 - 422 -2454 Facsimile 407 - 992 -3541 (e) This Agreement and the interpretation and enforcement of the same shall be governed by and construed in accordance with the laws of the State of Florida and shall be binding upon, inure to the 2 benefit of, and be enforceable by the parties hereto as well as their respective heirs, personal representatives, successors and/or assigns. Owner and Buyer acknowledge each to the other that both they and any respective counsel chosen by either party have reviewed this Agreement and that the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement. Venue of any cause of action arising hereunder shall be exclusively in Lake County, Florida. (f) This Agreement may be executed in counterparts by the parties hereto and each shall be considered an original, but all such counterparts shall be construed together and constitute one Agreement between the parties hereto. (g) Owner and Buyer agree that this Agreement represents the complete and entire understanding and the full and final Agreement for the herein described sale and purchase and no agreements or representation, unless incorporated into this Agreement, shall be binding on the parties. This Agreement may not be modified or amended nor may any covenant, agreement, condition, requirement, provision, warranty or obligation contained herein be waived, except in writing signed by both parties. (h) OWNER AND BUYER AGREE AND UNDERSTAND THAT THIS AGREEMENT AND ANY AND ALL OF BUYER'S OBLIGATIONS SET FORTH HEREIN ARE EXPRESSLY CONTINGENT UPON APPROVAL AND ACCEPTANCE OF THIS AGREEMENT BY THE CITY COUNCIL OF THE CITY OF CLERMONT. IN THE EVENT THAT THIS AGREEMENT IS NOT APPROVED AND ACCEPTED BY CITY COUNCIL THEN THIS AGREEMENT WILL BE NULL AND VOID AND BOTH PARTIES SHALL BE RELIEVED FROM ANY AND ALL OBLIGATIONS SET FORTH HEREIN. IV. Closing Date The closing will occur on or before 30 (thirty) days after the Effective Date with Effective Date defined as the date on which the last of the parties, either Buyer or Owner, shall execute this Agreement. However, Buyer may extend the closing date at its option in order to receive good and marketable title to Buyer free and clear of any and all liens, taxes, mortgages, judgments and/or encumbrances. V. Typewritten or Handwritten Provisions Any typewritten or handwritten provisions inserted into or attached to this Agreement as addenda must be initialed by both Buyer and Owner. VI. Acknowledgement of Signatures Owner and Buyer hereby acknowledge and agree that their signatures as Owner and Buyer below 3 constitute their acceptance of this Agreement as a binding real estate contract. Owner(s) Buyer .:6.4.4, , ! _ I 7 .- Cit of Clermont Josep i . Hod, i s� / �- ; ' Date: 6 0 BY: / our � �� Haro d S. Turvile, ayor " 244_,,eiz.. Date: SD / Shirley Holt Date: V / D 4 ' - .- - ...... \ ' . f i D ; v - , l x J > of r i Y , i % ', ( 1 e ..,:\ (�� n f �; .,....,,,, / ., '1� - % {4 ' L ''' ' J \ i -- i ‘-` t ty I - / V b 9 ,-- _ \\\\ L ' .. ... , / /1/. a �� °'_ _ I _ \ ,..... X - - T - - W ' f 1 , - c _ { • w �- _ �W o --� - -- — - = \ �S R � •� _ C4 l 1 S.Z. h 9r ` � � r ' 4., ` _1, C`' , - V .0 / 7, . Vl i_rt� fi P l 1 r V/ •1E Ns + -/1 rA G r m r w� -� r I 1 r r .. J s+ / Y \? . . 4 - } } J > V. •� �� ,.to • T + 11 4 • 1... � � J. f f Q a ..2 - I w t � tea. H .9 w e t J Q ► U U • «. (I) sic 4 .1.6 11t ,41 - 1 N' ' 4 . 4 k . 1 . , a' .. 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