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HomeMy WebLinkAboutLot 8 & 9L. Gene Harris Mayor City of Sebastian POST OFFICE BOX 127 ❑ SEBASTIAN, FLORIDA 32958-0127 Deborah C. Krages TELEPHONE (305) 589-5330 city clerk July 7, 1986 Mr. Peter S. Tarbell, PA Registered Real Estate Broker Realtyline, Inc. Post Office Box 800 Sebastian, Florida 32958 RE: Lots 8 & 9, Block 208, Unit 10 Sebastian Highlands Dear Mr. Tarbell: Just for the record, the City Council during their Workshop Meeting, July 2, 1986, approved a counter offer on the above referenced lots in the amount of Eight Thousand (8,000.) Dollars for both lots. Should you client accept the counter offer from the City please advise me and we will execute the appropriate documents and draw a check for the purchase. If you should require any additional information or have any questions please do not hesitate to contact me. Very truly yours, Deborah C. Krages City Clerk d CC: Linda Kinchen, Secretary Parks and Recreation Committee Carol Carswell Finance Director City of Sebastian L. Gene Harris POST OFFICE BOX 127 ❑ SEBASTIAN, FLORIDA 32958-0127 Mayor TELEPHONE (305) 589-5330 July 7, 1986 Mrs. Linda Kinchen, Parks and Recreation City of Sebastian Sebastian, Florida Dear Linda: Chairperson Committee Deborah C. Kreges City Clerk Just for the record, the City Council during their Workshop Meeting, July 2, 1986, approved of the Parks and Recreation Committees recommendation to counter offer for the purchase of Lots 8 & 9, Block 208, Unit 10, adjacent to the Barber Street Ballfiled. Should you have any questions or require any information please do not hesitate to contact me. �Very truly yours, ��i Deborah C. Krages City Clerk d CC: Sally Maio, Secretary Parks & Recreation Committee additional M E M DATE: JUNE 25, 1986 TO: MAYOR HARRIS & CITY COUNCIL MEMBERS 0 I I� FROM: LINDA KINCHEN/CHAIRMA�j�� PARKS AND RECREATION ((�� ITTEE RE: PROPOSED OFFER FOR LOTS 8 & 9, BLOCK 208, UNIT 10, SEBASTIAN HIGHLANDS AT THEIR JUNE 24, 1986 MEETING, THE PARKS AND RECREATION APPROVED A MOTION OFFERING $8000.000 FOR BOTH LATS 8 & 9, BLOCK 208, UNIT 10, SEBASTIAN HIGHLANDS. YOUR CONSIDERATION IS GREATLY APPRECIATED. s� REAL TYLINE INC — 805 County Road 512 P O Box 800 Sebastian F132958 (305) 589-2911 Mayor & City Council City of Sebastian Sebastian FL 32958 13 June 1986 /0 9 �A— Dear Mayor & City Council: I P.� \N'1\ rte, JUN, t 3 1986 rn 6`�iGTi 19\Y Enclosed please find a contract for sale and purchase on lots 8 & 9 of block 208 in unit 10 of Sebastian Highlands. REALTYLINE INC listed these two lots the other day and we immediately discovered that they were adjacent to the ball field on Barber Street. I think that it would be in the best interest of the City of Sebastian to purchase these lots and any others that might become available in the future on this block. My reasoning is that there is no buffer between these lots and the property where the cities athletic activities take place. This could cause many problems in the future should someone decide to build a home on a lot on this block. Also, future parking requirements will put a heavy burden on this area of the Highlands if sufficient property is not appropriated to meet the ensuing need. Thank you for your consideration gentlemen. Respectfully ted, Peter S Tarbell PA REALTYLINE INC Registered Real Estate Broker PST/caj "dedicated to the proposition of excellence" CONTRACT FOR SALE AND PURCHASE PARTIES: RC11Ly C. a OLlliley O. nelley__ �j.. "Sellar", (Phone of Realtvline Inc. _ -_ _. _ --1358'1-A0il 1, andCity of Sebastian Florida RD "Buyer", of_ Realtyline Inc. (phone 1-305-589-2911 1, hereby agree that the Seller shell sell and Buyer shall buy the following property upon the following terms and conditions WHICH INCLUDE the Standards For Reel Estate Transactions on the reverse hereof or attached hereto, hereinafter referred to as "Stand a rd(s)". 1. DESCRIPTION: ,1 (a) Legal description of real estate C Pfupwly") located ire Indian River ______ Uuunty, Florida'. Lots 8 & 9 Block 208 Unit 10 Sebastian Highlands (b) Street address, if any, of the Property hemg conveyed is two Vacant lots on Rosebush Tprrarp (c) Personal property included: None If. PURCHASE PRICE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................$- $11,000.00 PAYMENT: el Deposh(O to be held In escrow by - Realtyline Inc. Escrow.Account $1,000.00 in the amount of . .$ (b) Subject to AND assumption of Mortgage in favor of bearing interest at % per annum and payable as to principal and interest S per month, having an approximate present principal balance of . . . $ (c) Purchase money mortgage and note bearing interest at % on terms set forth herein below, in the principal amount of . .. . . . . . . . . . . . . .. . . . . . . . .. . .. . . . . . . . . . . . .. . . .S (d) Other _ $ (e) Balance to dose, (U.S. cash, certified ar cashier's check) subject to adjustments and prorations .. ... . .. .$ $10.000.00 TOTAL .....$ III. FINANCING:. If the purchase price or any cart thereof is to be finance_d_b_y_ a_ third party loan, this Contract for Sale and Purchase, ("Contract"), is un ditioned upon the Buyer obtaining a firm commitment for said loan within days from date hereof, at an interest rate not hi a e +l %; term ofyears; and in the principal amount of $ - Buyer agrees to make application for, and to use reasonable din dance to obtain mid loan. Should Buyer fail to obtain same or to waive Buyer's rights hereunder within said time, either party may cancel Contract. tV. TITLE EVIDENCE: Within 10 days from date of Contract, Seller shall. at his expense, deliver to Buyer or his attorney, in , cold.m, r, Standard A., either (CHECK) 1](1) ar 0(21: (1) abstract, or (2) title insurance coinmitrnent with fee owner's title policy premium to he paid by Sclle OnL J,, 1,„ V. TIME FOR ACCEPTANCE AND EFFECTIVE DATE: If this offer is not executed by both of the parties hereto an or before _Ju1V 17T198b___ _ the aforesaid depositlsi shell be, at the option of Buyer, returned to hnr and this offer shall mrneafler be null and void The date of Contract ("I IN, tiv l 'I shall be the date when the last one of the Seller and Buyer has signed this offer. 9 1OGCLOSING DATE: This transaction shell be closed and the deed and other closing papers delivered on the 18th day of AUQUSt 19 OU , unless extended by other provisions of Contract. VII. RESTRICTIONS, EASEMENTS. LIMITATIONS The Buyer shall take title subject to 2oning, restrictions. prohibitions and other requirements impom+l governmental authority: Restrictions and matters appearing on the plat or otherwise common to 'he subdivision: Public utility easements of record, (provided n I casements are located contiguous throughout the property lines and are not more than 10 feet in width as to the rear or front lines and 7R feet in width as n) it... side lines, unless otherwise specified herein): Taxes for year of closing and subsequent years. assumed mortgages and purchase money mortgages, if , other: Those of record -------- ___ - provided, however, that none of the foregoing shall prevent use of the Property for the purpose of -building as_presentLy weed ____ _ VIIC -OCCUPANCY: Sella represents that there are no.pdrties In Occupancy other than Seller, but it Property is intended to be rented or grcupieJ beyond clu;r, i, the fact and terms thereof shall be stated herein, and the tenant(s) shall be disclosed pursuant to Standartf O. Seller agrees -to deliver occupancy ALProper P/ sat time of closing unless otherwise specified below. If occupancy is to be delivered prior to closing, Buyer assumes all risk of loss to Property from date of t _u oancy, shall be responsible and liable for maintenance thereof from said date. and shall he deemed to have accepted the Property, real and personal, in its I condition as of time of taking occupancy unless otherwise noted in writing. IX. ASSIGNABILITY: (CHECK ONE) Buyer ❑may assign may not assign, Contract. X. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions inserted herein or attached hereto as Addenda shall cera rJ all printed provisions in conflict therewith. X1. INSULATION RIDER: If Contract is used for the sale of a new residence, the Insulation Rider shall be attached hereto and made a part hoteol. XII. SPECIAL CLAUSES: None THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING. THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR Copyright 1981 by The Florida Bar and the Florida Association of REALTORS _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Executed by Buyer on X _— WITNESSES: (Two recommended but NOT required) R7 X Executed by Seller on NITNESSES: (Two recommended but NOT required) (Buyer) (Buyer) (Seller) (SEAL) (SEAL) (SEAL) (SEAL) Deposit(s) under II (a) received; if check, subject to clearance. (Seller) By; Realty) ne Inc Escrow Account (Escrow Agent) BROKERAGE FEE: Seller ogres o pay the registered real estate Broker named below, at time of closing, from the disbursements of the proceeds of sale, roes pensation In the amount of �_% of gross purchase price or S -------- , for his services In effecting the Dole by finding a Buyer, ready, willing and able to purchase pursuant to the foregoing Contract. In the event Buyer fails to perform and depodt(O is retained, 50% thereof, bur not exceeding the Broker's fee above computed, shall be paid to the Broker, as full consideration for Broker's services including costs expended by Broker, and the balance shall be. paid to Seller. It the trensacOon shall not be closed hea:ause of refusal or failure of Seller to perform, the Seller shall pay said fee in full to Broker on demand. (SEAL) e of roker) (Seller) (Seller) (SEAL) (SEAL) .0.01POWNS RAL T YLINE INCL _ 805 County Road 512 P 0 Box 800 Sebastian F132958 (305) 589-2911 13 June 1986 `1'�\ - ' r A JUN 1 3 1986 Mayor & City Council Q, City of Sebastian ' Sebastian FL 32958 Dear Mayor & City Council: Enclosed please find a contract for sale and purchase on lots 8 & 9 of block 208 in unit 10 of Sebastian Highlands. REALTYLINE INC listed these two lots the other day and we immediately discovered that they were adjacent to the ball field on Barber Street. I think that it would be in the best interest of the City of Sebastian to purchase these lots and any others that might become available in the future on this block. My reasoning is that there is no buffer between these lots and the property where the cities athletic activities take place. This could cause many problems in the future should someone decide to build a home on a lot on this block. Also, future parking requirements will put a heavy burden on this area of the Highlands if sufficient property is not appropriated to meet the ensuing need. Thank you for your consideration gentlemen. Respectfully subnjitted, Peter S TarbeH PA / REALTYLINE INC Registered Real Estate Broker PST/caj "dedicaled to lite proposition of excellence"