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HomeMy WebLinkAbout1997 AgreementCORRECTION AGREEMENT This Correction Agreement entered into thiso~ day of~'~'//~t'W2/'/t~t6~,, 1997, by and between the City of Sebastian, Indian River County, Florida, hereh{after the' City', and CornerStone Select Homes, Inc., hereinafter "Developer", to correct language w/thin their existing agreement "Agreement" on "Sebastian Island" to the mutual benefit of both parties. WHEREAS, on January 16, 1997, the City and Developer entered into an agreement on the subdivision known as Sebastian Island to create a private commumty, vacate streets, exchange property, of like value and benefit, grant easements onto each other and other items related to the development of Sebastian Island, and, WHEREAS, pursuant to the aga-eement of January 16, 1997, the City., on March 5, 1997 adopted Ordinance No. 0-97-42 vacating the streets within Sebasttan Island; and, WHEREAS, pursuant to the agreement of January 16, 1997, the City on March 26, 1997 adopted Resolution No. R-97-22 Authorizng the City Manager to sign, on behalf of the City, the necessary documents as required by the "Agreement", and, WHEREAS, both the City and the Developer agree that this Correction Agreement does not alter the intent or material content of the original "Agreement" but serves to act as an agreement to correct various Scriveners Errors. NOW THEREFORE, the parties agree as follows: The Legal Description for Tract "U" Block 598, as shown on page 2 of the original "Agreement" is to be revised to read: All that certain land situated in Sebastian Highlands Unit I7 as recorded in Plat Book 8, Page 46M of the land records of tndian River County, Florida, and that portion of the previously vacated rights of way for Empress Avenue and Ithaca Avenue described as Beginning at the Southwest comer of Tract "U", Block 598, said plat of Sebastian Highlands Unit 17, mn East a distance of 100.00 feet to the point of curvature of a curve concave to the Northwest, thence along the curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet, thence, mn North a distance of 60.00 feet, thence East a distance of 25.00 feet, thence, South a distance of 1 I0.00 feet, thence West a distance of 150.00 feet, thence North a distance of 25.00 feet to the Point of Beginning. 2. The Legal Description for Tract "W" Block 595, as shown on page 2 of the original "Agreement" is to be revised to read: All that certain land situated in Sebastian Highlands Unit 17 as recorded in Plat Book 8, Page 46M of the land records of Indian River County, Flor/da, and that portion of the previously vacated fights of way for Empress Avenue and Spring Valley Avenue described as Beginning at the Northwest comer of Tract "W", Block 595, said plat of Sebasuan Highlands Unit 17, nm East a distance of 100.00 feet to the point of curvature of a curve concave to the Southwest, thence along the curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, mn South a distance of 66.00 feet, thence East a distance of 25.00 feet, thence, North a distance of 116.00 feet, thence West a distance of 150.00 feet, thence South a distance of 25.00 feet to the Point of Beginning. 3. The City Manager is authorized to sign any and all documents necessary to implement this agreement or the agreement of January 16, 1997 J /a 'o cMC ~-~P~ ~Clerk Approved as ~ Form and Content Valerie F. Settles City. Attomey CITY THE CITY of SEBASTIAN Thomas C. Frame [/ City. Manager STATE OF FLORIDA COUNTY OF INDIAN RIVER swo TO AND SUSSCRIBED ?~__0 IS PE~ON~LY ~0~ TO ~ OR PRODUCED , AS ID~ICATION ~S ~ DAY OF ~~/ , 1997 NOT~Y'S SIGNA~ ~~ ~ ~ P~ED N~E OF N~.~ COMMISSION~(~ZTX .... ~ ~- · .~ ~//~ A~EST: ~~~~'~{e ~ ~vu~ r~I~SE ~CT ~u~m Waddell ~ Rob~ DeHarde~r ~crem~ President HOMES. INC. Wimess STATE OF FLORIDA COUNTY OF BREVARD SWORN TO AND SUBSCRIBED BEFORE ME BY -~Ltan,-~. AJ I,.'~fi~,,l[ ~ iO9J'w,.+ ]~)~4a, rde~' WHO IS PERSONALLY KNOWN TO ME oRqzR4)DUF-F..D 5~offDEN-TtFiCATiON, THIS J / DAY OF NOTARY' S SIGNATURE ~JOt..~/z~ ~ ,/~/.F~ ~z,g~,_.,~ PRINTED NAME OF NOTA~- ' COMMISSION NO/EXPIRATION SEAL g~' 1997 ~.~-Y ,~o~ CYNTHIA L. LONGACRE ~ COMMISSION # CC 454297 % ,-.P~,~L, ~ EXPIRES APR 20,1999 AGREEMENT~ This agreement entered into this /~/day of January, 1997 by and between the City of Sebastian, Indian River County, Florida, hereinafter the "City" and Cornerstone Select Homes, Inc. hereinafter "Developer" for the creation of a private, gated community to be known as "Sebastian Island" do hereby agree to certain land trades, vacation of certain rights of way and the creation of necessary and requisite easements to the mutual benefit of both parties. WHEREAS, the Developer is the owner of certain recorded lots lying within the City of Sebastian; the Sebastian Island Lands, shown on the plat for Sebastian Highlands, Unit 17, as Lots 1 thru 21, Block 594, Lots 1 thru 9, Block 595, Lots 1 thru 32, B~ock 596, Lots 1 thru 32, Block 597, and Lots 1 thru 20, Block 598 as recorded in the land records of Indian River County, Florida, in Plat Book 8 Page 46M and Sebastian Highlands, Unit 17, Lots 22 thru 31 Block 594 and Lots 21 thru 30, Block 598 as recorded in the land records of Indian River County, Florida, in Plat Book 8 Page 46P and as shown on Exhibit A attached hereto; and, WHEREAS, the Developer also is the Owner of a parcel of land lying within the City of Sebastian identified as Sebastian Highlands Unit 17, Tract N, Block 589 as recorded in the land records of Indian River County, Florida in Plat Book 8 Page 46K and as shown on Exhibit A attached hereto; and, WHEREAS, the City owns certain parcels of land within the City of Sebastian known as Sebastian Highlands Unit 17, Tract U, Block 598 and Tract W, Block 595 as recorded in the land records of Indian River County, Florida in Plat Book 8 Page 46M and as shown on Exhibit A attached hereto; and, WHEREAS, the City owns a certain parcel of land within the City of Sebastian known as Sebastian Highlands, Unit 17, Tract O, Block 593 as recorded in the land records of Indian River County, Florida in Plat Book 8 Page 46K and as shown on Exhibit A attached hereto; and, WHEREAS, the City is responsible for the acceptance, maintenance and repair of the streets, roads and rights of way within the City of Sebastian which includes the roads, streets and rights of way adjacent to the properties of the Developer; and, WHEREAS, the Developer desires to create a private gated community on his lands to be known as Sebastian Island and the Developer has created a not for profit Florida Corporation known as Sebastian Island Homeowners Association, Inc., whose purpose is to act on behalf of property owners within Sebastian Island and to own, maintain and care for various common properties as may be assigned; and, WHEREAS, the Developer agrees to install and cause the maintenance, within the Sebastian Island Lands, of the private roads necessary to serve this private community and to repair, modify, rebuild and cause the maintenance of any existing roads currently adjacent to the Sebastian Island Land~ as vacated herein; and, WHEREAS, the City and Developer are agreeable to such an arrangement, THEREFORE for Ten Dollars ($10.00) to each party, and in consideration of mutual and equitable considerations from both parties mutually agreed upon it is agreed that the City and the Developer will grant the following considerations for each parties benefit: 1. The City does hereby agree to bargain, trade, sell and grant to the Developer at closing, the following parcels of land as 1 shown on Exhibit B attached hereto: TRACT "U" Block 598 Ail that certain land situated in Sebastian Highlands Unit 17 as recorded in Plat Book 8 Page 46M of the land records of Indian River County, Florida and containing 10,490.87 square feet, more or less. TRACT "W" Block 595 Ail that certain land Sebastian Highlands Unit 17 as recorded in Plat 46M of the land records of Indian River Co~hty, containing 11,240.87 square feet, more or less. situated in Book 8 Page Florida and 2. The City, upon vacation of certain rights of way within the City of Sebastian, does hereby agree to bargain, trade, sell and grant to the Developer at closing, the following parcel of land: TRACT 1 - Ail that certain land situated in the right of way of Alexis Street being the East one - half of Alexis Street as shown on the plat of Sebastian Highlands Unit 17 as recorded in Plat Book 8 Page 46K in the land records of Indian River County, Florida and the South 50.00 feet of Alexis Street as shown on the plat of Sebastian Highlands Unit 17 as recorded in Plat book 8 Page 46M of the land records of Indian River County, Florida, as shown on Exhibit B attached hereto and being more particularly described as follows: Beginning at a point at the Southwest corner of Lot 1, Block 594 of said plat of Sebastian Highlands, Unit 17, run South a distance of 215.00 feet to the point of curvature of a curve concave to the Northeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence run West 50.00 feet; thence, run North a distance of 190.00 feet; thence, run West a distance of 25.00 feet; thence, run North a distance of 50.00 feet; thence, run East a distance of 50.00 feet to the Point of Beginning. Containing 7,384.13 square feet, more or less. 3. The Developer does hereby agree to bargain, trade, sell and grant to the City at closing, the following parcel of land: TRACT 2 - Ail that certain tract of land being a portion of Tract N, Block 589, Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46K of the land records of Indian River County, Florida, as shown on Exhibit B attached hereto and being more particularly described as follows: Beginning at the Northwest corner of Lot 1 Block 589, of said plat of Sebastian Highlands, Unit 17; thence, run North a distance of 141.29 feet; thence, run South 62 degrees 20 minutes 00 seconds East and parallel with the Northerly line of said Lot 1, a distance of 278.47 feet, to a point on a curve concave to the Southeast, said point also being on the Westerly right of way of Day Drive; thence, Southerly along said curve, having a radius of 400.00 feet and a central angle of 18 degrees 13 minutes 49 seconds, an arc distance of 127.27 feet, to the Northeasterly corner of said Lot 1; thence, run North 62 degrees 20 minutes 00 seconds West along the line of said Lot 1 a distance of 192.78 feet to the Point of Beginning. Containing 29,057 square feet, more or less. 4. Conveyance. Developer and City hereby agrees to convey the Properties to each other as described above. 5. Title. At the closing under this Agreement, the City and the Developer shall take title to the Property subject to the following ("Permitted Exceptions"): 2 (a) all laws, ordinances and governmental regulations, including, but not limited to, all applicable building, zoning, land use and environmental ordinances and regulations; and (b) restrictions,limitations and other matters appearing of record. 6. Title Examination. Within twenty (20) days from the date of this Agreement, the Developer shall deliver to'~he City, at its sole cost and expense, a commitment ("Commitment") for title insurance issued by a nationally recognized title company for an owners ALTA Form B Marketability title insurance policy for the property. The City will have ten (10) business days following receipt of the Commitment within which to examin~ same. If, upon the examination of the Commitment, the City finds title to be defective (i.e. matters which render title unmarketable in accordance with the standards of the Florida Bar and are not Permitted Exceptions), the City shall, by no later than the expiration of such ten (10) day examination period, notify Developer in writing, specifying the defect(s); Developer shall use its best efforts to cause such defects to be cured by the date of closing. In no event shall Developer be obligated to bring suit or to expend any sums of money to buy-out or settle any such lien, or any other encumbrance or claim against the property. At Developers option, the date of closing may be extended for a period not to exceed thirty (30) days for purposes of eliminating any title defects. In the event that Owner does not eliminate all timely raised title defects as of the date specified in this Agreement for closing, as the same may be extended under the preceding sentence, the City shall have the option of either: (I) closing and accepting the title "as is", or (ii) canceling this Agreement, whereupon both parties shall be released from all further obligations under this Agreement. 7. The City does hereby agree to vacate, the rights of way of certain streets within the City of Sebastian as described below: A. Ithaca Avenue from Empress Avenue to Spring Valley Avenue as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46M in the land records of Indian River County, Florida, as shown on Exhibit C attached hereto and being more particularly described as follows: Beginning at the Southwest corner of Tract U, Block 598, said plat of Sebastian Highlands, Unit 17, run East a distance of 100.00 feet to the Point of Beginning, said point being the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run North a distance of 175.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 100.00 feet, a central angle of 90 degrees, an arc distance of 157.08 feet; thence, run East a distance of 1231.23 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 1231.23 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, an arc distance of 78.54 feet; thence, run South a distance of 175.00 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having 3 a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 100.00 feet to the Point of Beginning. B. Empress Avenue from the Schumann Waterway to Spring Valley Avenue as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46M in the land records of Indian River County, Florida, as shown on Exhibit C attached hereto and being more particularly described as follows: ~ i Beginning at the Southwest corner of Tract U, Block 598, said plat of Sebastian Highlands, Unit 17; thence, run East a distance of 1456.23 feet to the Point of Curvature of a curve concave to the Northwest; t~ence, along said curve having a radius of 25100 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 1456.23 feet; thence, run North a distance of 50.00 feet to the Point of Beginning. C. Spring Valley Avenue from Empress Avenue to the North line of Lot 21, Block 594, as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46M in the land records of Indian River County, Florida, as shown on Exhibit C attached hereto and being more particularly described as follows: Beginning at the Northwest corner of Tract W, Block 595, said plat of Sebastian Highlands, Unit 17, run East 100.00 feet to the Point of Beginning, said point also being the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South a distance of 175.00 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 100.00 feet, a central angle of 90 degrees, an arc distance of 157.08 feet; thence, run East a distance of 1206.23 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 100.00 feet, a central angle of 90 degrees, an arc distance of 157.08 feet; thence, run North a distance of 748.82 feet to the North line of said Lot 21; thence, run West 25.00 feet to the center line of Spring Valley Avenue; thence, run South a distance of 26.97 feet; thence, run West a distance of 25.00 feet to the Northeast corner of Lot 20, Block 598, said plat of Sebastian Highlands, Unit 17; thence, run South a distance of 721.85 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, an arc distance of 78.54 feet; thence, run West a distance of 1206.23 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, a radius of 50.00 feet, an arc distance of 78.54 feet; thence, run North 175.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West 100.00 feet to the Point of Beginning. D. Spring Valley Avenue from the South line of Lot 22 Block 594 to Crawford Drive, as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46M in the land records of Indian River County, Florida, 4 as shown on Exhibit C attached hereto and being more particularly described as follows: Beginning at the Northwest corner of Lot 31, Block 594 of said plat of Sebastian Highlands, Unit 17, run South 19.76 feet to the Point of Beginning, said point being a point in the Easterly right of way of Spring Valley Avenue; thence, run South 785.24 feet tQ the Southwest corner of Lot 22, Block 594 of said plat of Sebastian Highlands, Unit 17; thence, run West 2~.00 feet to the centerline of Spring Valley Avenue; thence, run South a distance of 26.97 feet; thence, run West a distance of 25.00 feet to the Southeast corner of Lot 21, Block 598, said plat of Sebastian Highlands, Unit 17; thence, North 706.95 feet to the Point of Curvature o~ a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run East a distance of 75 feet to the Point of Beginning. E. Alexis Street from Spring Valley Avenue South to the Limit of Plat, as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46M in the land records of Indian River County, Florida, as shown on Exhibit C attached hereto and being more particularly described as follows: Beginning at the Southeast corner of Lot 9, Block 595, of said plat of Sebastian Highlands, Unit 17, run North 100.00 feet to the Point of Curvature of a curve concave to the Southwest; thence along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run East a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South 100.00 feet; thence, West 50.00 feet to the Point of Beginning. F. Alexis Street from Day Drive North to the Limit of Plat, as recorded as shown on the plat for Sebastian Highlands, Unit 17 as recorded in Plat Book 8 Page 46K in the land records of Indian River County, Florida, as shown on Exhibit C attached hereto and being more particularly described as follows: Beginning at the Northwest corner of Tract O, Block 593, of said plat of Sebastian Highlands, Unit 17; thence, run South 165 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, West a distance of 100.00 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, North 165 feet; thence, East 50 feet to the Point of Beginning. 8. The Developer hereby agrees to grant at closing, a perpetual easement for the right of ingress and egress, utility maintenance and drainage to the City of Sebastian, Indian River County and all public utility providers with facilities within Sebastian Island as shown on Exhibit D attached hereto and being more particularly described as follows: Beginning at the Southwest corner of Tract "U", Block 598, said plat of Sebastian Highlands, Unit 17, run East a distance of 125.00 feet to the Point of Beginning; thence, run North a distance of 175.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 100.00 feet, a 5 central angle of 90 degrees, an arc distance of 157.08 feet; thence, run East a distance of 1231.23 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius~of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 123~.23 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, an arc distance of 78.54 feet; thence, run South a distance of 175.00 feet to the Point of Curvature of a curve concave do the Northeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 175.00 feet to the Point of Beginning. Beginning at the Southwest corner of Tract "U", Block 598, said plat of Sebastian Highlands, Unit 17; thence, run east 125.00 feet to the Point of Beginning; thence, run East a distance of 1331.23 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West a distance of 1331.23 feet; thence, run North a distance of 50.00 feet to the Point of Beginning. Beginning at the Northwest corner of Tract "W", Block 595, said plat of Sebastian Highlands, Unit 17, run East 125.00 feet to the Point of Beginning; thence, run South a distance of 175.00 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 100.00 feet, a central angle of 90 degrees, an arc distance of 157.08 feet; thence, run East a distance of 1206.23 feet to the Point.of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 100.00 feet, a central angle of 90 degrees, an arc distance of 157.08 feet; thence, run North a distance of 748.82 feet to the North line of said Lot 21; thence, run West 25.00 feet to the center line of Spring Valley Avenue; thence, run South a distance of 26.97 feet; thence, run West a distance of 25.00 feet to the Northeast corner of Lot 20, Block 598, said plat of Sebastian Highlands, Unit 17; thence, run South a distance of 721.85 feet to the Point of Curvature of a curve concave to the Northwest; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, an arc distance of 78.54 feet; thence, run West a distance of 1206.23 feet to the Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 50.00 feet, a central angle of 90 degrees, a radius of 50.00 feet, an arc distance of 78.54 feet; thence, run North 175.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run West 75.00 feet to the Point of Beginning. Beginning at the Northwest corner of Lot 31, Block 594 of said plat of Sebastian Highlands, Unit 17, run South 19.76 feet to the Point of Beginning, said point being a point in the Easterly right of way of Spring Valley Avenue; thence, run South 785.24 feet to the Southwest 6 corner of Lot 22, Block 594 of said plat of Sebastian Highlands, Unit 17; thence, run West 25.00 feet to the centerline of Spring Valley Avenue; thence, run South a distance of 26.97 feet; thence, run West a distance of 25.00 feet to the Southeast corner of Lot 21, Block 598, said plat of Sebastian Highlands, Unit 17; thence, North 706.95 feet to the Point of Curvature of a curve concave to the Southwest; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, ruMIEast a distance of 75 feet to the Point of Beginning. Beginning at the Southeast corner of Lot 9, Block 595, of said plat of Sebastian Highlands, Unit 17, run North 100.00 feet to the Point of Curvature o4 a curve concave to the Southwest; thence along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run East a distance of 100.00 feet to the Point of Curvature of a curve concave to the Southeast; thence, along 'said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc distance of 39.27 feet; thence, run South 100.00 feet; thence, West 50.00 feet to the Point of Beginning. 9. The Developer hereby agrees to grant at closing, a 7.50 foot wide easement for Public Utility and Drainage to the City of Sebastian and Indian River County on the following Lots as shown on Exhibit E attached hereto: Lot 4 Block 594 Adjacent to and parallel with the Easterly property line. Lot 5 Block 594 Adjacent to and parallel with the Westerly property line. Lot 12 Block 594 Adjacent to and parallel with the Northerly property line. Lot 13 Block 594 Adjacent to and parallel with the Southerly property line. Lot 18 Block 594 Adjacent to and parallel with the Northerly property line. Lot 19 Block 594 Adjacent to and parallel with the Southerly property line. Lot 6 Block 595 Adjacent to and parallel with the Westerly property line. Lot 7 Block 595 Adjacent to and parallel with the Easterly property line. Lot 2 Block 596 Adjacent to and parallel with the Easterly property line. Lot 3 Block 596 Adjacent to and parallel with the Westerly property line. Lot 11 Block 596 Adjacent to and parallel with the Easterly property line. Lot 12 Block 596 Adjacent to and parallel with the Westerly property line. Lot 21 Block 596 Adjacent to and parallel with the Westerly property line. Lot 22 Block 596 Adjacent to and parallel with the Easterly property line. 7 Lot 30 Block 596 Adjacent to and parallel with the Westerly property line. Lot 31 Block 596 Adjacent to and parallel with the Easterly property line. Lot 2 Block 597 Adjacent to and parallel with the Easterly property line. Lot 3 Block 597 Adjacent to and p~allel with the Westerly property line. Lot 30 Block 597 Adjacent to and parallel with the Westerly property line. Lot 31 Block 597 Adjacent to and parallel with the Easterly property line. 10. The Developer hereby agrees to grant at closing, an easement for Public Utility purposes to Indian River COunty on the following Lots as shown on Exhibit F attached hereto: Tract "W" Block 595 A 5.00 foot wide easement adjacent to and parallel with the Southerly property line. Tract "W" Block 595 A 10.00 foot wide easement adjacent to and parallel with the Westerly property line. Lot 1 Block 595 A 5.00 foot wide easement adjacent to and parallel with the Northerly property line. Tract "U" Block 598 A 5.00 foot wide easement adjacent to and parallel with the Northerly property line. Tract "U" Block 598 A 10.00 foot wide easement adjacent to and parallel with the Westerly property line. Lot 1 Block 598 A 5.00 foot wide easement adjacent to and parallel with the Southerly property line. 11. The Developer hereby agrees to grant at closing, a 20 foot wide Drainage Easement to the City of Sebastian along the Westerly property lines of Tract "W" and Lots 1 thru 3, Block 595 and Tract "U" and Lots 1 thru 3, Block 598 as shown on said plat for Sebastian Highlands, Unit 17 as shown on Exhibit F attached hereto. 12. The City does hereby agrees to grant to the Developer at closing, an easement over a portion of Tract "O", Block 593, Sebastian Highlands, Unit 17, as recorded in Plat Book 8, Page 46K in the land records of Indian River County, Florida for the purposes of installing entry walls, landscaping and decorative ornamentation. The Developer will be responsible for the maintenance and repair of all improvements he installs within said easement and hold the City harmless from any action resulting from said installation. LEGAL DESCRIPTION OF EASEMENT Beginning at the Northwest corner of Tract "O" Block 593, said plat of Sebastian Highlands, Unit 17, run East 25.00 feet; thence, run South 165.00 feet; thence, run South 45 degrees 00 minutes 00 seconds East to a Point , said point being in the Northerly right of way of Day Drive; 8 thence, run West along the right of way for Day Drive 25.00 feet to a Point of Curvature of a curve concave to the Northeast; thence, along said curve having a radius of 25.00 feet, a central angle of 90 degrees, an arc length of 39.27 feet; thence, run North 165.00 feet to the Point of Beginning. 13. The City and Developer do hereby agree that the street names within and entering Sebastian Island shall be changed as follows: Existing Street Name New Street Name Alexis Street Sebastian Island Boulevard Spring Valley Avenue (South of Crawford Drive) Ithaca Avenue Sebastia~ Island Circle Sebastian Island Circle Empress Avenue (East of Schumann Waterway) 14. Developers Representation. as follows: Longboat Drive Developer represents to the City (a) Authority of Developer. Developer is a corporation organized, validly existing and in good standing under the laws of the State of Florida. 15. City follows: (b) FIRPTA. Developer is not a "foreign person" within the meaning of the United States tax laws and to which reference is made in Internal Revenue Code Section 1445 (b) (2). At closing, Developer shall deliver to the City a certificate to such effect. representations. The City represents to Developer as (a) Citys Authority. The execution, delivery and performance of this Agreement by the City have been duly authorized, and this Agreement is binding on the City and enforceable against the City in accordance with its terms. No consent of any other person or entity to such execution, delivery and performance is required. 16. Default. In the event of a default by either party under this Agreement, the non-defaulting party shall be entitled to all rights and remedies available at law or in equity. 17. Closing Costs. (a) The Developer shall each be responsible for the following costs: (i) the cost associated with issuance of the Commitment, the cost of obtaining any title insurance policy updates or report on and a survey of the Property. 18. Closing. Subject to other provisions of this Agreement for extension, the closing shall be held on or before February 29, 1997, at the offices of the Attorneys for the Developer. At closing, Developer shall execute and/or deliver (as applicable) to the City the following closing documents: (a) a special warranty deed conveying the Property subject to the Permitted exceptions; (b) an affidavit of exclusive possession with respect to the Developer Conveyance Parcels; 9 (c) A "non-foreign" affidavit or certificate pursuant to Internal Revenue Code Section 1445; (d) a mechanics lien affidavit with respect to the Developer Conveyance Parcels; and (e) such other evidence of authority and good standing with respect to Developer as may be reasonably required by the title insurance company issuing title to the City. At closing, the City shall execute and/or deliver (as applicable) to Developer: (a) an appropriate resolution satisfactory to Developer confirming proper authorization for the !Citys execution of this Agreement and consummation of the transactions contemplated hereby (including, without limitation, the Citys assumption of the Developers obligations, as herein provided). At closing, the parties shall each execute such other documents as are reasonable necessary or appropriate to consummate the transactions contemplated by this Agreement. 19. Assignability. None of the parties to this Agreement shall be entitled to assign their rights hereunder, except that the Developer may assign his rights to the Sebastian Island Homeowners Association, a not-for-profit Florida corporation to be formed. 20. Notices. Any notices required or permitted to be given under this Agreement shall be in writing and shall be deemed to have been given on the date of delivery, if delivered by hand, sent by recognized overnight courier (such as Federal express), or sent by written telecommunication (such as telecopy or fax) or 3 days after mailing, if mailed by certified or registered mail, return receipt requested, in a postage prepaid envelope, and addressed as follows: If to the City at: City of Sebastian 1225 Main Street Sebastian, FL 32958 Attention: Thomas W. Frame City Manager Telecopy No. (561) 589-5570 With a copy to: Valerie F. Settles City Attorney 1225 Main Street Sebastian, FL 32958 If to the Developer: Robert DeHarder CornerStone Select Homes, Inc. 1077 Hwy. A1A Satellite Beach, FL 32937 Telecopy No. (407) 773-8448 21. Environmental. Developer hereby agrees to and does indemnify and holds the City harmless from an against any and all liability, obligations, losses, damages, penalties, claims, environmental response and cleanup costs, fines, actions, suits, costs, taxes, charges, expenses and disbursements, including legal fees and expenses of whatsoever kind or nature (collectively, "claims" or "damages") imposed on, incurred by, reserved against the City in any way relating to or arising out of the existence or presence of any "regulated Substance," as defined herein, on, under, or from the property, before the date of closing ("Closing Date"), any claims or damages in any way related to or arising out of the removal, treatment, storage, disposition, mitigation, cleanup, or remedying of the Regulated Substances on the Property. 10 For the purposes of this Agreement, the term "Regulated Substances" shall include but not be limited to substances defined as "regulated substances, .... pollutants, .... toxic pollutants," "contaminant," or "pesticides" in the Resource Conservation and Recovery Act, as amended by the hazardous and Solid Waste Amendments of 1984, the Comprehensive Environmental Response, Compensation and Liability Act, the Hazardous Materials Transportation Act, the Federal Insecticide, ~ungicide, and Rodenticide Act, the Clear Water Act, the Safe Drinking Water Act, the relevant local and state environmental ' ~aws, and the regulations, rules and ordinances adopted and publications promulgated pursuant to the local, state, and federal laws. This indemnifications shall include, without limitation, claims or damages arising out of any violations of applicable environmental laws, including but not limited to Florida ~aw, regulations ordinances subdivisions thereof, regardless of any real or alleged fault, negligence, willful conduct, gross negligence, breach of warranty, or strict liability on the part of any of the indemnities. In the event any such action or claim is brought or asserted against the City, the City shall have the right, subject to the right of the City, to make all final decisions (1) to participate with City in the conduct of any further required cleanup, removal, or remedial actions, and/or negotiation, and defense of any claim indemnifiable under this environmental indemnity provision, having reasonable regard to the continuing conduct of the operation/business located on the Property, and (ii) to participate with the City in negotiating and finalizing any agreement or settlement with respect to any such claim or cleanup. 22. This Agreement represents the entire understanding and agreement between the parties and no other agreements, either oral or written, exist between the parties. 23. This Agreement shall be effective upon its execution by all parties. IN WITNESS WHEREOF the parties hereto have set their hands and seals the day and year first written above. Attest: ~W-~Kathry~.M.' O'Halloran CMC/AAE,: City Clerk City: The City of Sebastian %dulse R. Cartwright ~ Mayor Approved a~ to Form and Content: Valerle F. Settles~--~---- City Attorney STATE OF FLORIDA COUNTY OF INDIAN RIVER WHO IS PERSONALLY PRINTED NAME OF ,,~R~'~d'Y)'4~ aOMMISSlON SEAL: / .... , 11 ATTEST: J~ahlta Waddel~~ ' S~cretary Witness: Co. SELECT HOMES!, Ro~rt D~r P r e sXi~i~dt ~ INC. STATE OF FLORIDA COUNTY OF BREVARD ..~,LI/O IS PERSONALLY KNOWN TO ME OR PRODUCED AS IDENTIFICATION, THIS "']L{~,,, DAYOF .....q-o-,~a_,r,~ ,19°~"/. NOTARY'S SIGNATURE 0,. ~ t- ?A[~-VUc~ PRINTED NAME OF NOTA'R'~'IQ% ,~cl.o~.~, '"Z'~L~.o_~i~ COMMISSION NO./EXPIRATION (f'(L. ~-~ ~ 7_.-7-57 SEAL: RHONDA Y ZIGMANTAS SIDEVAGR.WPD 12 EXHIBIT A Page 1 of 3 NN'e'M/AH3~ -. ~ EXHIBIT A Page 2 of 3 EXHIBIT A Page 3 of 3 SHEET SCHUIv]AHN ,4-25° N01tTI4 ilk) N01ITN . EXHIBIT B Page 1 of 3 N, 3OVNIVUO EXHIBIT B Page 2 of 3 3 of 3 EXHIBIT C Page 1 of 3 EXHIBIT C Page 2 of 3 EXHIBIT C Page 3 of 3 _J EXHIBIT D Page 1 of 3 jZ EXHIBIT D Page 2 of 3 J.O# ) EXHIBIT D Page 3 of 3 619 598 14 15 HIGH POINT1 16 ELEV. 25.0 / STA. 21 -I-00.00~ 10 LF. S.B. # 17 18 ISLAND CIRCLE: srA. 10+00 23 22 21 20 19 11 12 15 LOW POINT ELEV. 21.5 STA. 23+33.12 14 CB15 ISLN~ID CIRCLE srA. 25 22 21 2O 19 18 L.R 24' R.C.P. 12 PU&DE CB14 13 14- MATCH LINE (UMITS OF PLA*r) ~ 2,3 24 4- ~t, STORM DRNN UJ . 23 ~ ~ 22 J ~ 22 m 21 20 LF. EXISTING ROADWAY 24.' B.O.C. TO B.O.C. 20 19 POINT ELEV. 21.5 E.R.C.P.~. STA. 10+00.00 CB8 19 eP.F 18 17 SoB. 18 4-6 LF. 14" x2~ E.R.C.P. 20' LmU'n' 17 (3) 15 16 POINT 22.5 ,.~ I 3+00.00 P.H. //2 ~15 17 POINT 21.5 STA. 14.1-96.18 15 16 C~1 i14 13 '14'x25' E..R.C.P.'~ - L.F'. 14' x25"' E.R.C.P. 12 CB15 157 L.F. LOW POINT E[ZV. 27.5 BLK STA. 20+ 5 I 6 7 15' 594 8 9 10 11 P.H. HIGH POINt J BEV. 22.5 I STA~ 16+20.70 J \ //5 EXHIBIT E Page 1 of 2 IPF. S BLK 617 REMOVE AND DISPOSE EXISTING 18" CULVERT AND EXISTING UNFINISHED CATCH BASIN. 50' DRAINAGE RIGHT OF WAY 4 LOW POINT 7 8 FLEV. 21 5 ErA. 14+82.48 CB1 AND OVERLAY EXISTING ASPHALT TO ErA 12+04.1 WITH 1" TYPE III ASPHALT eS.B. #2 ® P.H. #4 9 SEE 10 11 12 ,ND ( ITHACA 15 UNFINISHED CATCH BASIN 32 1 HIGH POINT ELEV. 22.75 STA, 10+00.00 CB2 L.F. lg" x30- E.R.C.P. I 51 30 I 29 LF. 19" x50- E.R.C.P. 15' PU&DE 2 LOW POINT ELEV. 21.5 STA. 16+13.12 J CB5 28 27 26 25 24 5 6 LONGI IOAT ( 597 9 7 HIOH POINT ELE'V. 22.5 DRIVE STA. 20'I'10.00 AVENUE ) L, Fo I 30- R.C.P. 32 30 30' R.C.P. 15' PU&DE IOW POINT ELEV. 21.5 SAT. 27+07.4 CB5 29 28 5 6 27 26 25 24 BLK 596 7 8 9 N IS _AND ( [RLY VA/II:'Y 4 EXISTING 20' UTILITY 52 L.F. 36" R,C.P. BLK 595 CB6 LF. R.C.P, 7 8 9 PU&DE SEBASTIAN ISLAND BLVD. STA. HIGH POINT ELEV. 23.2 2 3 STA, MES1 MESS ES6 157 I UU. CULVERT t 16.0 ~le.O IRA(J 1 N [RUCTURE · E1.EV. 18,65, WIDTH EXISTING 50' ~ DRAINAGE R/W TYPE "F' CURB WITHIN 50' DRAINAGE R/W. SEE ARCHITECTURAL PLANS FOR LANDSCAPING. EXHIBIT E Page 2 of 2 BLK 617.~ i 7 8 18 17 16 15 14 13 i,i FOR CONTINUOUS STATIONINO -- ON ISLAND CIRCLE ADD 21+91.85 TO EACH STATION TR-T EXISTING 8" FORCE MAIN CONNECTED TO SEWER ON SHUblANN DRIVE CONNECT F.M. INTO EXIST. 8" F.M. w/go' BEND AND g'x6" REDUCER ~34 LF r FORCE )RAIN TO BE ABANDONOEO AND RELOCATED -- 16 AS SHOWN Z Z 13 m 12 18 ELEV. m INV. = 16.39 INV. = 16.49 2 1 :1 SMH 14 ' Rill ELEV. - 22.02 N. INV. = 14.31 S.E. INV. = 14.21 EXHIBIT F 1 of 1 5 4 32 15 RIM ELEV. N. INV. - it S. INV.- E. INV. ' 1.~ CONNECT F.M. F.M. 32 6" FORCE MAIN 1 SMH 13 RIM ELEV. - 21.76 N.W. INV._ - 13.81 4- E, INV.-- I,1.71 $ BLK 595