HomeMy WebLinkAboutAgreement_General_10/22/1968_ • 146A01-'."H.OPTI. -:-.. AVIV180T.- •
T1XS;a0A04M4474 made and. entered tatoby -ond-between-
- THOMA$ STAMONS and patisa .L0ty.xsz SINNONSt his wit*., 3654
. O. Sid- Strati Boynton Oaaeh4, PLori da 33435 t"Bo-hi
alga OM VITATAG)4 .:Or moswA4 rxsompAo. montetpaX eit *TOoration,
• goat: Algtiee Bog .63%, „alpiterc riortda 3304 (-91,10. 141.1-aago )
• t.tlx.T• .. 4
1010W$4. 0Ammoila .q1,041 tbiXtfatillt and Ono,,,444attet ‘34 -.25/
aoras4 a P0g,400- 92 the SOrtUve0t 00exterof theiftrthwest Gaegtet. .
of t:ion: 304 Vownehip. 40 9Outh*.. 43. Saet*, bOUnded On the
north Comity Ltoe aoaa. and on, •the west partalt 'bY 0470d AU
.. (014004 -Nittlw430-4, 04141 rie.aoh 'County4 rlos4401. and
W114100P4 SUaltions t-11 aelI tO the Villaseg, fox uto to othardis'ai 41ftagra '(IS) acres of thia• land paralleling
the .scutilex0: bordet14ne of the ( act y and
WORTPAS.,, th 1izgeenters into tjls arrangement with
Simmons whereby it may- acquire said fitteen (15). acres gor. an
overall consideration of Seventy-One Thousand Two Hundred
Dollars t$7.1,,.250,00) t
DWI THOL410017X# in consideration. 02 the mutual covenantse
reciprocally acIcnourledged* and bereln containedt the partlea
hereto intending-to:be legally boOnd, it Is agreed.A
L, Prom the, date .14ereof to December 1, 1068 the
Village shall be entitled. to enter upon tho subject property
to spud and sink wile .for the purpose of teetinq the quality of
the waterimand .under Any part of said. property, and shell
noti:dy $imriton s Within.-said period whether .it -wishes. to proceed
with the acqtiqg of said property in accordance with the
terM8' arid condti„oris og this agreement. .
•
•
2* UP= notitiCatiwt-•ehat the Viliwoge- intends to
preceedi Sioraftsidli have BrockVay* Owen Et Anders-oar •COuSulting
Engineers end IOW Surveyors* West Palm Beach* 'survey rho 34,25
• acres and subdivide same into. EAU (6) centiguoUt, plate* designated
Kota nx0'.4„ 11".41. Itkro delineeted-.440 deactoota on
a -mop in -the •fOrm,attached ikereto
2he effeetive i;late for the pUrpthase of the property
will be. Tuesday* December .3„ l96a.
,4! SIMMOns'•veil/ execute and deliVer to the Village olt
Decet.tber 3, 19680 e Warranty deed to not ur -A, five. (5) acres*
free an elemr -tegether with tttle inturente provi4.4 by Security
Pibstract St Insurance qemom'hyt West. Palm Aeach* on payMerit of'
total 'price of TrowitrThree Thousanid Seven, flundred 'Mt -Dollars
750*00), ,f,f which Thirteen Thousana se rt nuadred ritty Dollars
($13,150.00) shall he cash and Ten Thousand Dollars •
by way of n, nanAtintereit. bearing not or legal obligatiOn- of the
Village payable not later than December 20 1969.
5. Upon payment of the Thirteen Thousand seven nundred
Elia!ty Dollars ( .3050.00) as prescribed in the foregoing section
4, Simmons will reseIvv-te s at aside and. option to and for •the bonsai:
of the Village Kota "Etl,„ "D"* 4'CY' and *.B:!%. eath plot having an
area ,of two and one-half (2-1/2) sores as computed by Brockway*
Owen a Anderson, conditioned on the... following terms, to wit*
(a) •Upon redemption of the note and/or obligation
of the vilts.ge for 'Pen Thousankpollare ( 10,0'00.00) as prescribed
in the foregoing section 4i the Village may purchase Plot
a total price of gLeventhosand sight Hundred saventy-Pive. Dollars
(. 11*875.00), of vtich, One Thousand Bight Sundre d Seventy-Pive
Dollars ( 11815A0) shall be cosh payoble not later. than December
3, 1969, •end Ten Thousand Dollars 010*000A0) by way of a non-Ainterdat
. 2
bearing note or legal Obligation of the Village payable not lat...r
--than Pecember 2,, 1$70,,
S .
(b) Upon redemption of the nets andiGr Pla.igation
of the Vi1la5o for Ton Thousand Dollars ($10,000.0_00) as preacribed
in the foregoing subsection (a.), the Village may purchase Plot
for a total price of Stero= %lowland Sight &Andrea Sevntr.tive
Dollars ($110.975,130), of: which Ono Thousand sight itundred Seventy
•( Five .0ollers ($147ti*00) shall b4 cash payable not later than
r. Decolpber-1,.,' 1970.0. end Ton Thonsand Dollars (040,.000.0( ) by way of
a,nontinterest-bk,.ating note or legal obliiatioa of the
• payable naft., tater than'Doceliber .20. 1571*
Ivon redemption of the note andefor 4bligation
of the V.LU . 2.cr Ten'ThoUsand Dollars W104400401 aS proscrbed.
in the foregoing 'subsection (b),. the Village toy ptag.chase Plot "CI'
. for a total price of Sloven. Thousand Eight SUndred Setrenty-trive:'
Dollars ($11,875.00) , Of which Ono Thousand Sight •tiundred Seventy-
, . Five 136/2..ars ( -1,,S7.5*00) •shall be cash payak4le not later than
December 3, 1974 and Ten 'Thousand Dollars ($10„000.00) by way of
/ a non-interest bearing note ,or legal obligation of the Village
payable not tater than DecembPr 20 1972-
(d) Ulm redemption of the note and/or obligation
of the Village for Ton Thousand Doilark.‘ ($10,000.00) as prescribed
in the foregoing subseCtion (c) , the Village may purchase Plot 'V'
for a total price ot Sleven Thousand Ei.ght Iitutdred• Seventy-rive
Dollars ($11.,37$„0o), oil which One Thousand sight rilludroa• Seventr4
Five Dollars M.,els AO shall be cash payable not later than December
3, 1972, and Ten Thousand Dollars (410,0001,00) by way of
interest beax:ing note or legal Obligation of the Viai.age payable
• not later than December 2„ 1973.
. ,
(0) •ContemPOranotosly with the payment ,Oe the:
hir.teen: IlhOusand Oetran flundred- ',Vitty Dollars ($/3-,IVS-410) as
ptescribed t the foregoin dtion4 Simons will deposit
egter.OW' with toit •Da Of aVii413;4410.teqUegtta Warranty doeth,„ properly
exectited in. accordance with the laws .of the State 04 Florida,
and conveying free and clear title to Plots ItS"i "re* uou and.
end hereby agrees to -pay taxes on. said Plots during the _ter*such
option to the -Village may be in *woe*.
Upon nOtification by the Village that it will
exorcize optiOns :aforesaid, ia'accordance ,with the terms and
ondition§ specified:in this: section, SWIMS, ILU proVide title
insurance on any such, plets, to be delivered to: the Village
contemporaneously with- warranty deeds when payment ter same is
so made...
Z the 'Village dose not exercise optiont . fOr the
ptIzchato o plAAs on -the, itons. and condition§ and in.,the sequ.ence
specifieJd in the feragoing section St subseqw.mt options shall
become void, all further rights granted in this ageement will
terminate, and the warrant? deddagor mich plots 'not acquired by
the Village Shall be returned to Si on ' with. adequate quit claim
deeds Covering some.
7. The Village may, at its option, 1.).mnot less than
fifteen (15) days notice to Simmons in writing, accolerAte any
Payments prescribed In the foregOing section 5 Oh the second
day of any month precediAg the ateted payment dates, in the
following monnert
( ) Any -4,dvance ptyments made to. mmons OA 4.000nnt
shall be credited against such amoUnto in the geqUencs in vbich
they would become due.
3 Paymenta on account 0T stated principal amounts .
of Ten Thousand Dollar§ ($10t000..00) to be in multiples 04 Two
. .
WhouSand N41,1 4141*# • •
count oC 0043;ars- - f4104:00) on eat% pent 0,4 :'000. 11,104tand
D011arS (44100*011)- for nvery month wayrotint tti$va040,
.og sOted-,.diga 41014-*
fig) ..PaltraerktO 'óo** f . w 4t4 i the
• antOunt: .ot: Oho •TtitOuson4 Blight llandrea Sevelltr.000 0411,0s, 40,14,41$40.0);
will roadivre airirodut :of VOA, naluto oitt• any. yotioix11. .
. tor every -1T040-..p.a-1:4 in, nava*Kto. Sig. stated due: dato:,?. •
(d)' hS ogretrdertt: antipipaites 1440-t 4-titotOns--, viLt
. :".. --•
• par tagas-,On. lode*•oti*:.tott.4t0,-. the '11111a4e, ',.atter
ot
„...
ithe: Itvit aee aa .tollOast 4=10g' 10694„ Olk ten 40
,„ ,
'40004' -••404troSt: 1.9110e 44-4V:On,-and ,Oliai-41talt• •-(14/.2) aiart-Sl. daring
• .1744 ° UV. 0): _•aorasit and: darfing :19124 -On ttiro:41/11 •one-.114.14-
(2-4/2) •naros4 ,:ebOuld the Vtllage --exerdise ..Ony 64 the ' ton : and
take OiY 0-a30.4 :ae'reage .ahead. o. ch aLec pay!ment ',datOS a*1 -Veliove
itatftais- from payip.g, t :43 Sirstlonz- wifl r40
the ViLg nyovidi. taK. saving ba004. on calcalations og -tau -assess,-
mentr$ And paid Qsack acreage, tor the year 190,-.
• • Paring thtt.s. period tklUi agotetnent is in toract. SAttiniegifi .
Win not e3..i or traneter any of; Plot "A" wt:thmat .rostricting the
Satte .;acatnot use .-as a watertiel0 i . competition dth the
at ,,Requesf4,..a tsia:to4 Pet*rtment4. ,or permit -oriy, :portico ;Et- Plc* talV4
under their cOntrol to be used a awaterticld • con:•Ipetition
with th? Vi1iag O Teques.ta viotor Departotent, without grevious
written .permieg,lon -.from the. V-illacgc Vetlacsta, aldh. .permission
sht,t1I.not: -anrear.A.Onably be 'Withheld it sales ot any -each, prOpor.ty
• would not -kvaduky, -intOrgere with attatt the opolrattonp 0.4 tho
Village water ,Piapartim4nt; providede 13owever4 snob •re-strtations
to use a. a vatert-ieldt4U not rtlippir to -purchapera Otl=01 'PPOPerkY •
who ,require water tor their own laseo„ whether they_ be •
-
• IatiowoRts:k inotttOtorts4. op-dt0Uita 44 A, bOtl, utOtol :Or tor a
_ :reoldtritial t•Oploa.„: 00* othetabo, tO be ILIttiad 40: ont -pogt -04 'Os
• 10rid-10440e-Vod 120V-040. ,Plot
•9-4 Vio0..# AO 004- if to: •11111010-.Ourditioti 00-di-pato tor
the. 14404 4tEttoon •-.(15) adte0, :yowl-fared tot: 11.0•4010.t. 4#000,a-agtee
tO, tatend th0 "eviod .-.40otriettrAg: the .oale .01 :00y patt o# PlOt.
• u avatorltoldi„ oot :ZOth b th4 fore-go1010.00tioa L. •
• to -,006. 404.1y4amart 1%19,0,,
40*- The prOtii,d0 11'111040s :with .0 "togal.
• - op14 .!i*•k 44 Wri,12400: A:4 X'04t14„ 0.004104. r.V.ioIlago At.44404Nri, VrAt 0ot:ea
06/Ox pbUq-attoptt, joatat.4 loy the AllAgo .horoto. prOoriaitod• otoe
• be 'logE03It tatAted and :arovijg Obl4.0440$.0,,-
,Vfø eat. to., B$01100.s:- :4041 b ro.odo by. VOgiatettd
aiddrojI0d..t0 31i$41. S.* .:4:*„ SocOnd S.:trOet4..: ..1) k0t00. 0e001,14.• .V1440
33444 140.lego ,Otlx0Z4It.0Li UyAotigied 14,y Snort ooltopto-
lodged bt,„the .V11,104-04„ ,„0041-.the'pox4t. 444i0e togtotettd :Vdeotpt. Of
0v ottc* 14iq bail eortatitato .go delivery,.
12*. •Paymeatd. by 'the V toSirAmOn.s of eitny 0maunto
pFes.exabed haroM oball be paid to, the .400Otint 02 VhOrittaiIHR. and
Kam X4'4. atitt7a0a0 .44-; Inrat Dank of. avitiariloatiet3t.44. TeiageSttto
P1,0r,541a. a:4=0mwill ray ..atty 14:4401t. thargoo 141 .connota00.. with
the eacxotet a0d doli.*.ory .vtatganty tleedzi tind tiflt. $400.3zOnc,te
by vi'ettle, of this .ttteeriteut
13,* SiomOwwtU pal fOt the cost 01: 411Uirig: the
Floriaa doemmeAtary etamps the Plevido. autOullpon
warreAtzt deed 'at the: time '0i livery. to tt*ta Village*
to made of the oaaezaco of Vas
ISZS AsTatimmT. ,abala latixge: to the: ;bio0Ofit 04 the
part:tea hexoto4 thoix hotgO, legol repveoeutativoa4; evid:ootooro
and asoigns:* •
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gt:Mss: Titkiptiota#' . thio . ,r.„ day .04: -:04.4,4r*
• 1004 -Tjiot41,%°' 11.4iiritt $0,44.0x.o diirsokm; SMirotal.• btoba
• •,1114it...tvx.kt hfld d0203.44, Aptl ain-lotirkeg, -0P.Vieting-Tho
-k6,0gttmd. thiis *00:44746* .tq bo. v.tooT444 ,tvg ,r42to .LitviOr
vt24.441. :0.44k.•;r4mlyt '*utbortood byto-ablutton. ø the 001414011 tfl ,
Ukithp•Villolle •17441.4 oti. .ligeo0y* Odt61100..Jt-54.:
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0110.40-d'OlTiodroti
itt: 044. vitetoo *Et :‘.' , •4$11M).
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tiota0.1i sittittOtitt
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410114.-4rem raonal,Iy. ,a,ppotkrd Tmovire Ograti. stitsions?
Leir01; 133,10101413:, . hi wifoi:- to 130, wl1. kaown IT41,00,
to thezipogoOrt.V., doriaribod i.rt. ona lotto ex-%1Dtt.•.0.a. thelovtgang
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irtamftor.t.744,. $m4. toloamirldeiqed to and berov6. methattii14y• -0. „roott.ter,ri
said intA•Xtva.tant the Ottripaaes thoirein oxpresatt,..
larraUSt.S, atV' bn LieL4moal the Of
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c.wonni.,„osion PUBLIC. of RUMBA at IAN;
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SatUte, iioe goetta:Iat art4060g03 11014tigt
Awl. 41.90V'Vaaigi 't:ko. .rtie woli .. known. 44.14, kr4val to so' to, 'bo the;
1 ,..
_.:#004ittaltit denovtbea $n: , 11,4' Vito exedutted .the; 20zdfi44110 1.04t4uotont:-
. at Reyor vtr.l. Vatage, atort -okt: Olt- ,a10,mo liamr2 '1M, Irg.iptsm. or
vocolomiti 01410-46, a: Aimioi041: torOvatio4 4114, tits4#41:our ttica004/wk
1,edgo4 to :anti Ivetg* vit3 that: they ex:A:at/AO $1104104011400t to ,t3fwtti
Alft Vplago aogat, rpep*ottrooliyo. -ot st.101 ouvpizttAtv,q, tol
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tUat:-.tht4L'iota allixota tp thil 1:04,0004tv 10ettattiont ,Sitit 14114 tb..tp:arrtto
: . soa. 0,4 ri4icsi advrioxiation ,o461' that -,,'),:t wan ogfltated to oktiet inetogoot,
by 4hzer :4;14 -*004-0 borpot4Iftd outtholtity.i. ma eat! gtote, -.W:ttorrora:
it tlid ..*0-0, vst4t .04 dit4a,. .( :E.. .010,41.- ttoppoVitis4n,4
ta%4=0.0 my Ilmd tift0 oggigita f3oat. thito , _,p,,e2..,,Lokiley o_z:
Ootpbox:4 2k:4; A968,4.
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