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HomeMy WebLinkAboutItem #10 Wurst Road Extension AGENDA ITEM COVER SHEET Meeting Date: July 18, 2006 Item # to Contact Name: Contact Number: Jamie Croteau Reviewed By: Department Director: #fIL----- (407) 905 - 3117 City Manager: Robert D. Frank Subject: Purchase of 36.97 acres at 951 Ocoee-Apopka Road for future Wurst Road extension and City park facility. Background Summary: Earlier this year staff was made aware that the 36.97 acres located at 951 Ocoee-Apopka Road was on the market. This property is of interest to the City for two reasons. First, the property was sited for the future extension of Wurst Road. Second, its size and location next to the existing softball complex make it an excellent candidate for a future park complex. The cost for the property is $2,000,000 with the appraised price being $2,035,000. The cost for the property and the cost for the development of the park would be paid for by current and future park impact fees. The cost for development of the park is anticipated to be in the $2,000,000 range. The property houses an eagles' nest and staff has worked with the U.S. Fish and Wildlife Service to insure that the future plans for the property would not adversely impact the nest. In working with the Fish and Wildlife Service it was necessary to complete a conceptual master plan for the park. That master plan is attached. It provides for the future extension of Wurst Road on the northern end of the property and a softball complex on the southern portion. The proposed park would also contain picnic shelters, restrooms, two playgrounds and two basket ball courts. The attached Agreement for Purchase and Sale contains the specific of the purchase and includes a Post Closing Occupancy Agreement (Exhibit B) that allows the current owner to remain on the property for up to six months. Issue: Should the City purchase the 36.97 acres located at 951 Ocoee-Apopka Road for the future extension of Wurst Road and new park facility? Recommendation: Staff recommends approval of the Agreement of Purchase and Sale for the 36.97 acres located at 951 Ocoee- Apopka Road. Attachments: Agreement of Purchase and Sale Conceptual Site Plan Financial Impact: Approximately $4,000,000 of park impact fees. Type of Item: (please mark with an "x'J X Public Hearing _ Ordinance First Reading Ordinance Second Reading Resolution Commission Approval Discussion & Direction For Clerk's Deot Use: _ Consent Agenda _ Public Hearing _ Regular Agenda _ Original Document/Contract Attached for Execution by City Clerk _ Original Document/Contract Held by Department for Execution Reviewed by City Attorney Reviewed by Finance Dept. Reviewed by ( ) N/A N/A N/A AGREEMENT OF PURCHASE AND SALE THIS AGREEMENT OF PURCHASE AND SALE (this "Agreement") is made and .- entered into as of the -J..S:- day of .~ Un e , 2006 by and between BRENDA BRACEWELL ROGERS (hereinafter referred to as "Seller") and the CITY OF OCOEE, a Florida municipal corporation (hereinafter referred to as "Buyer"). WITNESSETH: WHEREAS, Seller is the owner of the fee simple title to certain real property, and all improvements therein, located in Orange County, Florida, as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (the "Property"); and WHEREAS, Seller, under threat of condemnation, has agreed to sell to Buyer, and Buyer has agreed to purchase from Seller, the Property, together with any and all improvements, structures, fixtures and appurtenances thereto on the terms and conditions stated below. NOW, THEREFORE, in consideration of the premises and of the mutual covenants hereinafter contained, and other good and valuable considerations, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, each intending to be legally bound, do hereby warrant and agree as follows: 1. The Purchase. Seller agrees to sell, and the Buyer agrees to purchase, on the terms and conditions hereinafter set forth, the Property, in fee simple, subject only to those title matters accepted by Buyer, together with all of the tenements, hereditaments, improvements, fixtures, oil, gas and mineral rights, canals, ditches, roads and easements, appertaining thereto and all of the Seller's right, title and interest therein, including all right, title and interest of Seller in and to ORLA_ 403652.4 5/2//06 any land lying in the bed of any street, alley, road or avenue (before or after vacation thereof, and whether previously abandoned or vacated or hereafter abandoned or vacated). 2. Earnest Monev Deposit; Handlin!! of Escrow. (A) Within thirty (30) days of the Effective Date, Buyer shall deliver to Foley & Lardner LLP, 111 N. Orange Avenue, Suite 1800, Orlando, Florida, 32801, as escrow agent (the "Escrow Agent"), the sum of TWENTY-FIVE THOUSAND AND NO/IOO DOLLARS ($25,000.00) (the "Deposit"). If this Agreement is terminated by Buyer during the Due Diligence Period or pursuant to Sections 6, 14 or 28 hereof, the Escrow Agent shall immediately return the Deposit to Buyer whereupon this Agreement shall be terminated and the parties shall be relived of all further rights and obligations hereunder except for those that expressly survive the termination of this Agreement. Upon expiration of the Due Diligence Period, the Deposit shall be "at risk" and "non-refundable" to Buyer except as expressly set forth herein. The Deposit shall be applied against the Purchase Price at Closing. (B) The Deposit shall be held in escrow by the Escrow Agent, subject to clearance of funds, in an interest bearing account at a federally insured bank in accordance with and subject to the terms and conditions of this Agreement. Any interest earned on the Deposit shall be reported under Buyer's federal employer identification number and entitlement to such interest shall follow the Deposit. Buyer shall execute a Form W-9 and shall deliver such form along with the Deposit. The Escrow Agent shall not be required to place the Deposit in an interest bearing account until it receives said Form W-9, together with any other information required by the bank to open the account. All references herein to the Deposit shall be deemed to include all interest earned thereon, less any applicable bank maintenance and service charges. 2 ORLA_ 403652.4 (C) Escrow Agent agrees to perform its duties as required by this Agreement. At the time of Closing, the Escrow Agent shall pay over to the Closing Agent the Deposit held by the Escrow Agent under this Agreement. In the event of a dispute as to the payment of the Deposit or if the Escrow Agent is in doubt as to its duties or liabilities under the provisions of this Agreement, the Escrow Agent shall continue to hold the Deposit until the parties mutually agree as to the distribution thereof or until a judgment of a court of competent jurisdiction determines the rights of the parties thereto. Alternatively, the Escrow Agent may interplead the Deposit into the Registry of the Circuit Court of Orange County, Florida, without further liability or responsibility on the Escrow Agent's part. In the event of any suit between Buyer and Seller wherein the Escrow Agent is made a party by virtue of acting as such Escrow Agent or in the event of any suit in which the Escrow Agent interpleads the subject matter of this escrow, the Escrow Agent shall be entitled to recover its costs in connection therewith, including reasonable attorneys' fees and costs incurred in all trial, appellate and bankruptcy court proceedings, said fees and costs to be charged and assessed as court costs in favor of the. prevailing party. All parties agree that the Escrow Agent shall not be liable to any party or person whomsoever for misdelivery to Buyer or Seller of monies subject to this escrow, unless such misdelivery shall be due to willful breach of this Agreement or gross negligence on the part of the Escrow Agent. Seller and Buyer agree that the status of the Escrow Agent as legal counsel for Buyer does not disqualify such law firm from representing the Buyer in connection with this transaction and any dispute that may arise between Buyer and Seller concerning this transaction, including any dispute or controversy with respect to the Deposit, and Seller hereby irrevocably waives any right it may otherwise have to object to such representation. This Section 2(C) shall survive the Closing. 3 ORLA_ 403652.4 3. Purchase Price. (A) The purchase price of the Property shall be TWO MILLION AND NO/tOO DOLLARS ($2,000,000.00) (the "Purchase Price"). The parties hereto agree that the Purchase Price will be allocated as follows: (a) $800,000 will be allocated towards a 10 acre tract of the Property and the house located thereon, and (b) $1,200,000 will be allocated towards the remaining portion of the Property. (B) The Purchase Price (or such greater or lesser amount as may be necessary to complete payment of the Purchase Price after escrows, deductions, credits, adjustments and prorations) shall be paid to Foley & Lardner, as Closing Agent (the "Closing Agent") at the Closing by wire transfer or by Buyer's check for which funds are immediately available. The Closing Agent shall disburse such funds in accordance with the provisions of this Agreement. The net proceeds payable to Seller (after escrows, deductions, credits, adjustments and prorations) shall be disbursed by wire transfer or trust account check (as determined by Seller) in accordance with the written instructions of the Seller to Buyer and the Closing Agent. 4. Title. Survey and Legal Descrivtion. (A) Within thirty (30) days after the Effective Date, Buyer shall obtain an owner's title insurance commitment (the "Title Commitment") in the amount of the Purchase Price for an owner's title insurance policy (ALTA Form B) (the "Title Policy") showing good and marketable fee simple title to the Property vested in Seller, subject only to those matters expressly set forth in this Agreement and such other matters as may be agreed to by Buyer. The Title Commitment shall include copies of all exceptions of record noted therein. The cost of the Title Commitment, Title Policy and any title searches or status of title reports/certificates and updates associated therewith shall be paid by Buyer. 4 ORLA_ 403652.4 (B) During the Due Diligence Period, Buyer shall obtain, at Buyer's expense, a boundary survey of the Property in accordance with the Minimum Technical Standards for Surveys in the State of Florida (Chapter 61 G 17 -6, Florida Administrative Code) (the "Survey"). (C) Within twenty (20) days from Buyer's receipt of both the Survey and Title Commitment, Buyer (or Buyer's counsel) shall deliver to Seller (or Seller's counsel) a copy of the Title Commitment, and two (2) copies of the Survey, and a letter notifying Seller of: (i) any title defects and/or title matters which are not acceptable to Buyer ("Title Objections"); and (ii) overlaps, encroachments, violations of contract covenants or other adverse matters revealed by the Survey ("Survey Objections"). Without limiting Buyer's rights contained herein, in case of a lien or encumbrance on any portion of the Property which at the time of the Closing is a liquidated amount, Seller covenants and agrees to remove such lien or encumbrance at the Closing so that the applicable interest in the Property will be conveyed to Buyer free and clear of same and in such event said liens and encumbrances shall not constitute Title Objections. (D) If Buyer raises any Title Objections or Survey Objections, then Seller shall, at Seller's expense, undertake reasonable and diligent efforts to cure and remove any such Title and Survey Objections by the end of the Due Diligence Period. If, after the exercise of reasonable efforts and due diligence and upon the expiration of the Due Diligence Period, the Seller has not cured and removed any such Title and Survey Objections, then Buyer shall have the option to either (i) terminate this Agreement, whereupon the Deposit will be returned to Buyer and the parties shall be relieved of all further obligations under this Agreement except for those that expressly survive the termination of this Agreement, or (ii) proceed to Closing, accepting title as it then is without setoff or reduction in the Purchase Price.b 5 ORLA_ 403652.4 (E) The legal description (or descriptions) of the Property as set forth on the Survey shall be utilized in the Title Commitment, Title Policy, deed and all other closing documents provided the surveyor certifies that such legal descriptions describe the same land as described in the instruments by which Seller acquired title to the Property. (F) The Title Commitment shall be endorsed or "marked-up" at the Closing so as to show title to the Property in Buyer as required herein. The title insurer shall provide gap coverage insuring against adverse title matters pursuant to Section 627.7841, Florida Statutes. Upon the Closing and recording of the deed to Buyer, the Title Policy shall be issued pursuant to the Title Commitment and delivered to Buyer so as to show title in Buyer as required herein. Upon execution by Seller, at Closing, of the Affidavit required by the title company and completion of the Survey, the "standard exceptions" to the Title Policy shall be deleted, except for matters actually shown on the Survey. 5. Buyer's Due Dili2ence Period. This Agreement is contingent upon the completion . of feasibility and other investigations to the satisfaction of Buyer, in its sole discretion. Buyer shall have a period of ninety (90) days from the Effective Date of this Agreement (the "Due Diligence Period") in which to undertake any and all tests and investigations which Buyer, in its sole discretion, deems appropriate in determining the suitability of the Property for Buyer's intended use. If Buyer, in its sole discretion, determines that the Property is unacceptable to Buyer for any reason whatsoever, then Buyer may elect to terminate this Agreement by furnishing written notice thereof to Seller no later than 5:00 p.m. on the last day of the Due Diligence Period, and in such event, the Deposit shall be returned to Buyer and this Agreement shall thereupon be terminated and the parties shall be relieved of all further rights and obligations hereunder, except for those rights and obligations which expressly survive the termination of this Agreement. By way of cooperating with the Buyer in its examination of the feasibility of 6 ORLA_ 403652.4 developing and using the Property, within ten (10) days of the Effective Date, Seller shall deliver to Buyer all documents in Seller's possession relevant to or pertaining to the Property. From the Effective Date hereof through the Closing Date, Buyer through its agents, contractors, consultants and employees, will be authorized to enter upon the Property for the purpose of access to the Property in order to conduct scientific investigations, the installation of monitoring wells, environmental assessment audits, surveying, the taking of soil borings and soil samples, inspections, the taking of water samples, geophysical investigations, the testing of tanks, and conducting such other investigations, inquiries and testing as Buyer may deem appropriate; provided, that any such agents, contractors, consultants or employees of Buyer shall give reasonable advance notice to Seller and shall be responsible to close and lock any gates through which they pass in the exercise of such right of entry. Any boring holes made by the Buyer shall be properly filled and packed to the surrounding earth level by the Buyer. Buyer further agrees, to the extent permitted by law, to assume all risks involved and to be fully responsible for the safety of its agents, contractors, consultants and employees, hereby releasing, saving and discharging Seller, its successors and assigns, from any and all claims and demands of whatever nature, whether for personal injury or death of employees or loss of or damage to personal property, and hereby assuming full responsibility for any accident, death, dismemberment, temporary or permanent disability resulting to any of its agents, contractors, consultants and employees as a result of the authorizations granted by this Agreement. The indemnities provided by this paragraph shall be limited by applicable law and shall survive the termination of this Agreement. 6. Auuraisal. Buyer, at Buyer's expense, will arrange for and obtain a written appraisal (the "Appraisal") of the Property by an independent appraiser. Within ten (10) days of receipt thereof, Buyer will deliver to Seller a copy of the Appraisal. If the Appraisal indicates that that 7 ORLA_ 403652.4 the market value of the Property is less than the Purchase Price, then Buyer, may during the Due Diligence Period, but shall not be required to terminate this Agreement in which case the Deposit shall be returned to the Buyer and the parties hereto shall be relieved of all obligations hereunder except for those obligations which expressly survive the termination of this Agreement. 7. Seller's Representations and Warranties. Seller represents and warrants to Buyer that the following statements are true and correct, and Buyer's obligation to close shall be conditioned on the same being true and correct as of the Closing Date: (A) Seller has full power and authority to enter into and perform this Agreement in accordance with its terms and has taken all necessary action or its equivalent to authorize the execution, delivery and performance of the terms and conditions of this Agreement. (B) Seller owns marketable fee simple title to the Property and Seller's execution, delivery and/or performance of this Agreement is not prohibited by and will not cause a default under any other agreement, covenant, document or instrument. (C) Seller has no actual knowledge of or has not received any notice of the existence of any dangerous or illegal condition with respect to the Property requiring corrective action. (D) Seller has no actual knowledge of violations of any federal, state, county or municipal law, ordinance, order, regulation or requirement, affecting all or any portion of the Property and the Seller has received no written notice of any such violation issued by any governmental authority. (E) To the best of Seller's knowledge, there has not been and there it not now: (i) any presence of any Hazardous Substance (as hereinafter defined) on, over, or under the Property; (ii) any present or past generation, recycling, reuse, sale, storage, handling, transport 8 ORLA_ 403652.4 and/or disposal of any Hazardous Substance on, over, or under the Property; (iii) any failure to comply with any applicable local, state or Environmental Laws (as hereinafter defined); or (iv) any spills, releases, discharges or disposal of Hazardous Substances that have occurred or are presently occurring on or onto the Property. For purposes of this Section, the term "Hazardous Substances" means and includes, without limitation, any toxic or hazardous substances or materials, petroleum or other pollutants and substances, whether or not naturally occurring, including, without limitation, asbestos, radon, and methane gas, generated, treated, stored, or disposed of, or otherwise deposited in or located on or under the Property, and also includes, without limitation, the surface and subsurface waters of the Property, if any, and any activity undertaken or hereafter undertaken on the Property which would cause: (i) the Property to become a hazardous waste treatment, storage or disposal facility within the meaning of any Environmental Law; (ii) a release or threatened release of hazardous waste from the Property within the ambit of any Environmental Law; (iii) the discharge into the air of any emissions which would require a permit under any Environmental Law; or (iv) any substances or conditions in, on, or under the Property which may support a claim or cause of action under any Environmental Law. For the purpose of this Agreement, the term "Environmental Law" shall mean all federal, state and local laws, including statutes, regulations, ordinances, codes, rules and other governmental restrictions and requirements relating to the environment or hazardous substances including, but not limited to, the Federal Solid Waste Disposal Act, the Federal Clean Air Act, the Federal Clean Water Act, the Federal Resource Conservation and Recovery Act of 1976, the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Federal Superfund Amendments and Reauthorization Act of 1986, Chapters 161,253, 373, 376 & 403, Florida Statutes, and rules and regulations of Florida Department of Environmental Protection. 9 ORLA_ 403652.4 (F) There is no pending litigation or dispute involving or concerning the location of the boundaries of the Property or in any way affecting the title to or ownership of the Property. (G) Except for this Agreement or as evidenced by instruments recorded in the Public Records of Orange County, Florida, Seller has not entered into any leases, licenses, contracts or other agreements relating to any portion of the Property which will survive the Closing. (H)No member of the City Commission, no agent or employee of Buyer, and no person related by blood or marriage to any of the aforesaid has or will benefit in any way, either directly or indirectly, from, or receive any portion of the payments to be made to Seller under the provisions of this Agreement. (1) There are no persons or entities in possession of, or entitled to possession of, all or any portion of the Property, as the case may be, as lessees, tenants at sufferance, licensees or trespassers. (J) Seller is not a "foreign person" as such term is defined in Section 1445(f) of the Internal Revenue Code. (K) Seller shall take, or cause to be taken, all actions necessary to cause the representations of the Seller as contained in this Agreement to remain materially true and correct in all respects from the Effective Date through the Closing Date. Seller agrees to indemnify and hold Buyer harmless from and against all liability, claims, demands, fines, penalties, expenses, suits, proceedings, actions and costs of action, including reasonable attorneys' fees, paralegal fees and attorneys' fees and costs on appeal, arising out of or related to the untruthfulness of any of the above warranties and representations. 10 ORLA_ 403652.4 8. The Closine:. This transaction shall be closed and the deed and other closing documents delivered (the "Closing") at 10:00 a.m. on or before the thirtieth (30th) day following the expiration of the Due Diligence Period (the "Closing Date"). Closing shall take place at the offices of Foley & Lardner LLP, 111 N. Orange Avenue, Suite 1800, Orlando, Florida, 32801, or as otherwise agreed between the parties. 9. Closine: Costs. Prorations and Adjustments. (A) The following items are to be paid at the Closing by the party indicated and in the manner set forth: (i) Buyer shall pay the cost of recording the deed and other documents executed at the Closing, except for the cost of recording any corrective instruments which shall be paid Seller. (ii) Real property taxes in connection with the conveyance of the Property shall be proratyd as of the day of the acceptable of the conveyance ~y Buyer and the prorated amount shall be paid by Seller and shall be escrowed in accordance with the provisions of Section 196.295, Florida Statutes. Notwithstanding the foregoing, if the Closing occurs between November 1 and December 31, then Seller shall pay all ad valorem taxes for the entire year of the Closing. (B) Pursuant to Section 12B-4.013(4), Florida Administrative Code, Buyer hereby determines and gives written notice to Seller that Buyer has decided to acquire the Property and that Buyer is prepared to institute condemnation proceedings to acquire the Property in the event Seller does not agree to sell the Property to Buyer in accordance with the terms and conditions of this Agreement. This paragraph is included for the purpose of documenting that the conveyance of the Property is to be made by Seller to Buyer under threat of condemnation and that the 11 ORLA_ 403652.4 conveyance is not subject to the Florida documentary stamp tax. If it should later be determined that any documentary stamp tax is due on the transaction, then such cost shall be paid by the Seller; provided, however, that Seller shall have the right to appeal such a determination at its own cost and expense. (C) Each party shall bear its own legal expenses m connection with the negotiation of this Agreement and the Closing hereunder. 10. Broker. (A) The Seller represents and warrants to the Buyer that, other than Julia Faye Rogers Realty, Inc. (the "Broker") which is representing the Seller, Seller is not aware of any person or entity which would be entitled to a commission, compensation or brokerage fee for the bringing about of this transaction or the consummation hereof. Seller shall pay the Broker in accordance with a separate brokerage agreement between Broker and Seller, and Buyer shall have no liability or obligation whatsoever to Broker. Seller agrees to indemnify and to hold Buyer harmless from any such commissions, fees or compensation which may be claimed to be due through the Seller or pursuant to the acts of Seller or Seller's representatives. Seller further covenants and agrees to indemnify Buyer for damages, court costs and reasonable attorneys' fees and paralegal fees, at both the trial and appellate levels, incurred as a result of any such claim. (B) The Buyer represents and warrants to Seller that, except for the Broker, it is not aware of any person or entity which would be entitled to a commission, compensation or brokerage fee for the bringing about of this transaction or the consummation hereof. Buyer shall not be responsible for the payment of any monies to the Broker. (C) The provisions of this paragraph 10 shall survive the termination of this Agreement. 12 ORLA_ 403652.4 11. Documents to be Delivered. (A)By Seller at Closing. In addition to the other documents required to be executed by Seller at the Closing, Seller shall execute and acknowledge, where necessary, and deliver to Buyer the following documents at the Closing hereunder: (i) Warranty Deed conveying to Buyer marketable fee simple title to the Property, free and clear of all liens and encumbrances other than conditions of title accepted by the Buyer in accordance with the terms hereof, and other matters expressly set forth in this Agreement, said Warranty Deed to be in the form acceptable to Buyer. (ii) A FIRPT A Affidavit in the form acceptable to Buyer. (iii) An Owner's Affidavit as required by the title insurer and in the form acceptable to Buyer. (iv) Applicable Florida Department of Revenue Return for Transfers of Interest in Florida Real Property. (v) Such other documentation as may reasonably be required by Buyer and the title insurer and/or Closing Agent in order to close this transaction in accordance with the terms of this Agreement. (B) By the Buyer at Closing. In addition to the other documents required to be executed by Buyer at the Closing, Buyer shall execute and acknowledge, if necessary, and deliver to Seller at the Closing such documentation as may reasonably be required by the title insurer and/or Closing Agent in order to close this transaction in accordance with the terms of this Agreement. 13 ORLA_ 403652.4 (C) Preparation of Closing Documents. Unless otherwise provided or agreed in writing between the parties, all closing documents shall be prepared by Buyer's attorney. 12. Post Closine: Occupancy. Notwithstanding the Closing, the parties hereto agree that Seller shall be permitted to remain in possession of the Property for a period not to exceed six (6) months from the Closing Date in accordance with the terms of the Post Closing Occupancy Agreement (the "Post Closing Agreement"), attached hereto as Exhibit "B" and by this reference made a part hereof. Seller may only occupy and use the Property in the same manner and for the same purposes for which Seller has historically used the Property, and shall make no other use of the Property during the term of the Post Closing Agreement. At Closing, the parties will enter into a Post Closing Agreement in substantially the same form as is attached hereto as Exhibit "B". Seller will deliver to Seller at Closing the certificate of insurance required in the Post Closing Agreement naming Buyer as an additional insured under Seller's general liability insurance policy. Upon expiration or earlier termination of the Post Closing Agreement, Seller will deliver possession of the Property to Buyer. 13. "As Is" Condition. The sale of the Property as provided in this Agreement is made on a strictly "AS IS" basis. Seller hereby specifically disclaims any warranty (oral or written) concerning the manner, construction, condition, fitness for use for a particular purpose and state of repair or lack of repair of the Property. 14. Abandoned Property and Site Clean-Up. Prior to Closing, Seller will, at Seller's expense, remove all visible solid waste, trash, debris and abandoned personal property (from the Property. 14 ORLA_ 403652.4 15. Default. (A) In the event of a default by Seller hereunder it is agreed that the exclusive remedies for such default shall be for Buyer to either: (1) terminate this Agreement whereupon the Deposit shall be returned to Buyer and the parties hereto shall thereafter be relieved of all rights and obligations hereunder except for those rights and obligations which expressly survive the termination of this Agreement, or (2) seek and obtain specific performance of this Agreement. (B) In the event of a default by Buyer hereunder it is agreed that the exclusive remedies for such default shall be for Seller to either: (1) terminate this Agreement whereupon the Deposit shall be delivered to Seller as full liquidated damages for such default of Buyer, the parties hereto acknowledging that it is impossible to more precisely estimate the damages to be suffered by Seller upon Buyer's default, and the parties expressly acknowledging that the delivery of the Deposit to Seller is intended not as a penalty, but as fully liquidated damages, and the parties hereto shall thereafter be relieved of all rights and obligations hereunder except for those rights and obligations which expressly survive the termination of this Agreement, or (2) seek and obtain specific performance of this Agreement. (C)IT IS SPECIFICALLY AGREED BETWEEN THE PARTIES THAT NEITHER PARTY WILL HAVE A CLAIM FOR ACTUAL DAMAGES AGAINST THE OTHER PARTY IN THE EVENT OF A DEFAULT BY THE OTHER PARTY. (D) Prior to either party declaring the other party in default hereunder, it is agreed that the non-defaulting party shall give written notice to the defaulting party setting forth with specificity the alleged default and the defaulting party shall thereafter have twenty (20) days to 15 ORLA_ 403652.4 cure any such default; provided, however, that no notice shall be required to declare a default based upon the failure to close on the Closing Date. 16. Survival of Warranties and Ae:reements. All warranties, representations, covenants, obligations, indemnities and agreements contained herein shall survive the execution and delivery of the deed, and the Closing to be held hereunder. 17. Parties. The rights and obligations created by this Agreement shall be binding upon and inure to the benefit ofthe parties hereto and their respective heirs, successors and assigns. 18. Entire Ae:reement. This Agreement constitutes the entire agreement of the parties, and there are no understandings dealing with the subject matter of this Agreement other than those contained herein. This Agreement may not be modified, changed or amended, except by a writing signed by the parties hereto. 19. Notices. All notices, consents, approvals, waivers and elections which any party shall be required or shall 9.esire to make or give under this Agreement shall be il). writing and shall be sufficiently made or given (i) by hand delivery to the named individuals representing the party to be notified, or (ii) by private parcel delivery services, or facsimile transmission for which receipt is provided to the notifying party. Notices, including notice of change of address, shall be addressed or transmitted to the addresses set forth below or such other address that a party may designate in the manner prescribed herein: AS TO SELLER: Brenda Bracewell Rogers 951 Ocoee-Apopka Road Ocoee, Florida 34761 With a copy to: Julia Faye Rogers Realty, Inc. P.O. Box 365 Groveland, Florida 34736 16 ORLA_ 403652.4 With a copy to: Julia Law, Attorney Roberts & Law, P .A. P.O. Box 57 Groveland, Florida 34736 AS TO BUYER: City of Ocoee Attn: City Manager 150 North Lakeshore Drive Ocoee, Florida 34761 Telephone: (407) 905-3110 Fax: (407) 656-6885 With a copy to: Paul E. Rosenthal, Esq. Foley & Lardner LLP III North Orange Avenue, Suite 1800 Post Office Box 2193 Orlando, Florida 32802-2193 Telephone: (407) 423-7656 Fax: (407) 648-1743 Notices, consents, approvals, waivers and elections given or made as aforesaid shall be deemed to have been given and received on the date of the delivery or transmission thereof as aforesaid. 20. Non-Waiver of Soverei2n Immunitv. Nothing contained in this Agreement or in' any instruments executed pursuant to the terms of this Agreement shall be construed as a waiver or attempted waiver by the Buyer of its sovereign immunity under the constitution and laws of the State of Florida; provided, however, that this paragraph shall not be construed as an attempt by the Buyer to negate any partial waiver of sovereign immunity made by the Legislature under the provisions of The Tort Claims Act, Section 768.28, Florida Statutes or any future statute or Act adopted by the Florida Legislature. 21. Time is of the Essence. Time is of the essence with respect to all matters set forth in the Agreement. Time periods herein of fifteen (15) days or less shall in the computation thereof exclude Saturdays, Sundays, days during which the Buyer's office is closed for regular public business and legal holidays. Further, time periods herein which shall end on a Saturday, Sunday 17 ORLA_ 403652.4 or legal holiday shall extend to 5:00 p.m. of the next business day on which the Buyer's office is open for regular public business. All time references contained herein shall refer to the local time in effect in Orange County, Florida. 22. Governin2 Law/Attornevs' Fees. This Agreement shall be construed and interpreted according to the laws of the State of Florida. In the event of litigation between the parties arising from or pertaining to this Agreement, the prevailing party shall be entitled to recover from the other party its reasonable attorneys' fees, paralegal fees, and costs incurred in connection therewith, at both trial and appellate levels, including bankruptcy proceedings, and the right to such reasonable attorneys' fees, paralegal fees, and costs shall be deemed to have accrued from the commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. 23. Construction of A2reement. This Agreement shall not be construed more strictly against one party than against the other party merely by virtue of the fact that it may have been prepared by counsel for one of the parties, it being recognized that both Seller and Buyer have contributed substantially and materially to the preparation hereof. 24. Counterparts. This Agreement and any amendments hereto may be executed in any number of counterparts, each of which shall be deemed to be an original instrument, but all such counterparts together shall constitute one and the same instrument. 25. Further Documentation. The parties agree that at any time following a request therefor by the other party, each shall execute and deliver to the other party such further documents and instruments, in form and substance reasonably necessary to confirm and/or effectuate the obligations of either party hereunder and the consummation of the transaction contemplated hereby. 18 ORLA_ 403652.4 26. Assie:nment. This Agreement may not be assigned by either Seller or Buyer. 27. Radon Gas. Pursuant to the provisions of Section 404.056(8), Florida Statutes, Seller hereby notifies Buyer as follows with respect to the Land: "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 and radon testing may be obtained from your county public health unit." 28. Seller's Disclosures. Seller hereby notifies and discloses to Buyer that the Property was historically used for agriculture purposes (citrus grove, grazing of cattle and hay). Seller hereby notifies and discloses to Buyer that Seller believes a bald eagle inhabits property located adjacent to the Property. 29. Effective Date. For all purposes of this Agreement, the Effective Date hereof shall mean the date when the last of the Seller and the City Manager of Buyer has executed same, and . . that date shall be inserted at the top of the first page hereof, provided, however, that it is mutually understood and agreed by the parties hereto that this Agreement is subject to and contingent upon acceptance and approval by the Ocoee City Commission pursuant to Section 28 hereof. 30. Approval of Ae:reement. It is mutually understood and agreed by the parties hereto that this Agreement is subject to and contingent upon acceptance and approval by the Ocoee City Commission. Prior to the expiration of the Due Diligence Period, Buyer will hold a public hearing pursuant to Section 8B(I) of the Ocoee City Charter for the purpose of considering this Agreement. In the event the City Commission does not accept and approve this Agreement prior to the expiration of the Due Diligence Period, then this Agreement will automatically terminate, 19 ORLA_ 403652.4 the Deposit shall be returned to Buyer, and the parties shall be relieved of all further rights and obligations hereunder, except for those rights and obligations which expressly survive the termination of this Agreement. {Signature Pazes Follows 1 20 ORLA_ 403652.4 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, to become effective as of the date and year first above written. Signed, sealed and delivered in the presence of: SELLER: ~ i~~t-&, "1 ~ (2 OvV- gnature 0 ~(J~ PdY.L-r2oJ.lZ.Y5 Print N a. me I v:, . ~~lllJJ S'g '.. . r !ffNP W. v"Lk Print Name ~ ~fAuI~/AJf? J/ /f~' Brenda Bracewell Rogers 1- Executed on Jtt..~ /.s , 2006 V BUYER: CITY OF OCOEE, FLORIDA By: /III /PI Rob Frank, City Manager Execute~ /...- ,2006 21 ORLA_ 403652.4 APPROVED BY THE OCOEE CITY COMMISSION: ATTEST: Beth Eikenberry, City Clerk (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY this _ day of ,2006. FOLEY & LARDNER LLP By: City Attorney ORLA_ 403652.4 BUYER: CITY OF OCOEE, FLORIDA By: S. Scott Vandergrift, Mayor APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON , 2006 UNDER AGENDA ITEM NO. 22 951 Ocoee-Apopka Road Location Map Q e () o m m )> -0 o -0 ~ ~96 dew uO!Je:lol peol:;l e>ldodv-aao:lO ~S6 EXHIBIT "A" (The "Property") Beginning at NW comer of SW 1/4 of SE 1/4, run South 4.5 chains, East 11.10 chains, South 57 links, East 8.98 chains, North 5.07 chains, West to point of beginning; and NW 1/4 of SE 1/4 (less beginning 5 chains, North of SW comer, run East 11 Y4 chains, North 9.85 chains, West 7.92 chains, Northwesterly to NW comer of said 40 acres, South to point of beginning and less beginning 14 feet North of SW comer, run North 353 feet, East 493 feet, South 353 feet, West 493 feet) all in Section 7, Township 22 South, Range 28 East. 23 ORLA_ 403652.4 EXHIBIT "B" POST CLOSING OCCUPANCY AGREEMENT THIS POST CLOSING OCCUPANCY AGREEMENT is made this _ day of , 2006, by and between BRENDA BRACEWELL ROGERS whose address is 950 Ocoee-Apopka Road, Ocoee, Florida 34761 ("Seller") and CITY OF OCOEE, a Florida municipal corporation whose address is 150 North Lakeshore Drive, Ocoee, Florida 34761 ("Buyer"). RECITALS: WHEREAS, Seller and Buyer have, under threat of condemnation by Buyer, heretofore entered into that certain Agreement of Purchase and Sale (the "Purchase Agreement") dated ,2006 with respect to certain lands located on Orange County, Florida; and WHEREAS, Seller and Buyer have of even date herewith closed on the sale and purchase of the Property; and WHEREAS, Seller has requested to remain in possession of the Property after closing for a period not to exceed six (6) months; and WHEREAS, Buyer has agreed to allow Seller to remain in possession of the Property after closing for a period not to exceed six (6) months pursuant to the terms hereof. NOW, THEREFORE, the parties hereto, in consideration of the covenants contained herein, hereby agree as follows: 1. Recitals. The above recitals are true and correct and incorporated herein by reference. 24 ORLA_ 403652.4 2. Definitions. All terms used herein shall be as defined in the Purchase Agreement unless otherwise expressly indicated. 3. Post Closing Occupancy. Seller and her family and guests shall be permitted to remain in possession of the Property until (the "Delivery Date") (not to exceed 6 months from Closing Date). Seller may only occupy and use the Property hereunder in the same manner and for the same purposes for which Seller has historically used the Property, and shall make no other use of the Property during the term hereof. Seller agrees to deliver possession of the Property on the Delivery Date. Notwithstanding the forging, Seller may vacate the Property and deliver possession of the Property to Buyer earlier than the Delivery Date provided that Seller gives Buyer 7-day advance written notice of her intent to vacate the Property. 4. License. Seller's use and occupancy of the Property is a license only, and Seller agrees to vacate the Property as of the Delivery Date promptly and hereby agrees to leave the Property in the same condition as it was on the date of this Agreement. 5. Risk of Loss. Seller shall be responsible and suffer all risk of loss or damage to her personal property stored or located on the Property and the personal property of her family, agents, employees, guests, or visitors located on the Property or otherwise on the premises, and shall indemnify, defend and hold Buyer harmless from any and all loss, damages, injuries, claims or demands whatsoever arising from his use or occupancy of the Property or the use or occupancy by others as aforesaid, otherwise arising as a result of this Agreement. 6. Utilities and Insurance. During the term of this Agreement, Seller shall pay for all utility services associated with her use and occupancy of the Property. Seller shall also maintain, for the entire term of this Agreement, general liability insurance in an amount not less than $1,000,000.00 and cause Buyer to be named as an additional insured thereunder. Seller has contemporaneously herewith delivered to Buyer a certificate of insurance reflecting same. 25 ORLA_ 403652.4 7. No Tenancy. It is expressly understood and agreed that no landlord-tenant relationship is implied or created by this Agreement. 8. No Maintenance by Buyer. Buyer shall have no maintenance or repaIr responsibilities with respect to the Property or improvements thereon during the term of this Agreement. 9. Personal Agreement. This Agreement is personal to Seller and may not be assigned or otherwise transferred. 10. Governing Law/Attorneys' Fees. This Agreement shall be construed and interpreted according to the laws of the State of Florida. In the event of litigation between the parties arising from or pertaining to this Agreement, the prevailing party shall be entitled to recover from the other party its reasonable attorneys' fees, paralegal fees, and costs incurred in connection therewith, at both trial and appellate levels, including bankruptcy proceedings, and the right to such reasonable attorneys' fees, paralegal fees, and costs shall be deemed to have accrued from the commencement of such action and shall be enforceable whether or not such action is prosecuted to judgment. 11. Counterparts. This Agreement and any amendments hereto may be executed in any number of counterparts, each of which shall be deemed to be an original instrument, but all such counterparts together shall constitute one and the same instrument. 12. Further Documentation. The parties agree that at any time following a request therefor by the other party, each shall execute and deliver to the other party such further documents and instruments, in form and substance reasonably necessary to confirm and/or effectuate the obligations of either party hereunder and the consummation of the transaction contemplated hereby. 26 ORLA_ 403652.4 IN WITNESS WHEREON, the parties have duly executed this Agreement as of the date first written above. ATTEST: Beth Eikenberry, City Clerk (SEAL) FOR USE AND RELIANCE ONLY BY THE CITY OF OCOEE, FLORIDA; APPROVED AS TO FORM AND LEGALITY this _ day of ,2006. FOLEY & LARDNER LLP By: City Attorney ORLA_ 403652.4 SELLER: Brenda Bracewell Rogers BUYER: CITY OF OCOEE, FLORIDA By: S. Scott Vandergrift, Mayor APPROVED BY THE OCOEE CITY COMMISSION AT A MEETING HELD ON , 2006 UNDER AGENDA ITEM NO. 27 :Tt1AIL ~/Sl1Al1NL1 I YlATfJll ~lN ,. ..._..~.. -.l'ItMc. ~!ltl:rtt~/(,/Ju.s .-- t &.sr~y \. 51~"'Ai,e ~vir(., actM eaS<mln.+ Dr .fvll parul, . \ , \ \ , ( E44U'" Nfi,)T : , ~ I ......... : '- "'-_L ~ : ''--- ~I i i ~, L- 11111 # 262J S(~\I.E: 1 "=too'.u" ROGERS TRACIT SIrE CONCEPTUAL MASTER PLAN City of Oeoce Concept 2 ~ 10 wVl!bT. lW. '- t4~N" (L'l CA~) N *; W E ~ , s ~ ........_.~ ~ -~-~~ .. '""""-~.....,., 4n_~.___,~_ _'__."111.. .._oo,.u,... ""'401m_' June 16.2006 ~/4Uif,-d Copy of Public Hearing Advertisement Date Published fl.\ Or \aV\(io Se:trh{\e \ SG\-tu v- ~ i .J u.l~ 8) 2.W.o Advertisement IflI'l\CE OF PllBUC IIEAIUfCGS Cl'T'f lIF QCOEf The City Intends to pur- chase the following real property from Brenda B. Rogers. at 0 purchase price of $2,000,000.00 DESCRIPTION: 951 Ocoea Apopko Rood; Predominately' vacant 36.97 acre slle located along the east side of Ocoee Apopka Rood north of Silver Star Rood in.Ocoee, unincor- porated Orange County, Florida. A COpy of the proposed pur- chase contract along wllh 0 sketch showing the location of the above referenced property is available for public review at the Office of the City Clerk. The Ocoee City Commis- sion will consider the pro- posed purchase from Bren- da B. Rogers at 0 Public Hearing to be held on July 18, 2006 at 7: 15 p.m. or os soon thereafter os practical. Interested porlles may ap- pear at the meeting and be heard with respect to the proposed actions. This No- tice is given pursuant to Section C-8 (B) (l) of the City of Ocoee Charter. NOnCE: Any person who de- sires to appeal any decision mode bY Commission with respect to anY' mutler con- sidered at such meellng will need a record at the pro- ceedings and tar such Ptlr- pose may need to ensure that a verbatim record of the proceeding is mode, which record includes the testimony and evidence up- on which the appeal is based. Persons with disabil- ities needing assistance to partlctpote in any of these proceedlnlls should contact the Office of the City Clerk, 1S0 N. Lakeshore Drive, Ocoee, FL 34761, (407) 656- 2322, Ext. 146. 48 hours In ad' vance of the meetrng. Beth Eikenberry, City Clerk COR6869901 JU L.8,2006 _.0--..:----'-----.----