HomeMy Public PortalAboutHarrisburg LLC-Florida Vacant Land ContractFlorida Vacant Land Contract
1. PARTIES: City of Crestview ("Seller") and Harrrisburg LLC ("Buyer") hereby agree that
Seller shall sell, and Buyer shall buy the following described Real Florida Property on the
terms and conditions as described as:
2. PROPERTY:
Legal Description: BEG NE COR SE1/4 OF SE1/4 S 190.88FT N88 DEG W 399.86FT N 195.77FT TO S
R/W OLD BETHEL RD N57 DEG E ALG R/W 313.94FT TO CRV THC ALG CRV 150.37FT THC DEPART
R/W S 224.21FT TO POB County Okaloosa, Parcel ID: _36-4N-24-0000-0002-0020, Address: Old
Bethel Road, Crestview, Florida Zip: 32536
3. PURCHASE PRICE: $75,000
Earnest Money Deposit $5,000
Balance Due at Closing $70,000
4. CASH/FINANCING:
(a) Buyer will pay cash for the Property with no financing contingency.
5. CLOSING DATE: This contract will be closed, and the deed and possession delivered on or
before September 30, 2022, unless specifically extended, or by any other provision in this
Contract.
6. CLOSING PROCEDURE; COSTS: Closing will take place with the specified Escrow.
Buyer may either prepare the Deed or have a Title Agent draft same.
7. INGRESS AND EGRESS:
Seller warrants and represents that there is ingress and egress to the Real Property subject for its
intended use as residentially zoned land.
8. LIENS:
Seller shall furnish at closing an affidavit attesting to the absence of any liens, or potential liens
against the property as a result of non-payment of services performed by workmen or contractors
for any improvements added to the property.
9. EFFECTIVE DATE; TIME:
The "Effective Date" of this contract is the date on which the last of the parties' initials or signs
the contract.
10. COMPLETE AGREEMENT:
This contract is the entire agreement between Buyer and Seller. Modifications of this contract will
not be binding unless in writing, signed or initialed and delivered by the patty to be bound.
Handwritten or typewritten terms inserted in or attached to this Contract prevail over preprinted
terms. If any provision of this Contract is or becomes invalid or Unenforceable, all remaining
provisions will continue to be fully effective. Seller and Buyer will use diligence and good faith in
Performing all obligations under this Agreement. This document will not be recorded in any public
records.
11. ASSIGNABILITY:
Buyer may not assign this Contract without Seller's written consent. This Contract is binding on
the heirs, administrators, executors, personal representatives and assigns of Buyer and Seller.
12. ESCROW AGENT:
Buyer and Seller authorize Escrow Agent, if utilized, to receive, deposit and hold funds and other
items in escrow and, subject to clearance, disburse them upon proper authorization and in
accordance with Florida law and the terms of this contract. Escrow Title Agent to be:
13. RESTRICTIONS; EASEMENTS; LIMITATIONS:
Seller shall convey marketable title subject to: comprehensive land use plans, zoning, restrictions,
prohibitions and other requirements imposed by government authority; restrictions and matters
appearing on the plat or otherwise common to the subdivision; outstanding oil, gas and mineral
rights of record without right of entry; unplatted public utility easements of record. The property
is platted and zoned for residential housing purposes.
14. FAILURE OF PERFORMANCE:
If Buyer fails to perform on this Contract within the time specified, then the deposits made by the
Buyer may be recovered and retained by and for the account of the Seller as liquidated damages
for non-performance of Buyer's contractual obligations. If for any reason Seller is unable to deliver
marketable title, as a result of liens, claims or fees against the property, then any funds paid by
Buyer will be returned at which time the contract will be terminated without further recourse by
either party.
15. NOTICES:
All notices will be made to the parties by mail, personal delivery or electronic media. Buyer's
failure to deliver timely written notice to Seller, when such notice is required by this Contract,
regarding any contingencies will render that contingency null and void and the Contract will be
construed as if the contingency did not exist. Any notice, document or item given to or received
by an Attorney representing a party will be as effective as if given to or by that party.
16. ADDITIONAL TERMS: Buyer's manager is a licensed real estate broker. If an
extension of closing beyond September 30, 2022 is needed buyer will deposit another
$5,000 to be credited toward purchase price to extend closing until October 31, 2022.
17. ACCEPTANCE OF PARTIES:
By signing below, Seller accepts to Sell, and Buyer accepts to Buy under the terms of this contract
agreement.
Buyer: Harrisburg LLC
Date:
Doug Harris MGR.
116 Nautical Way
Panama City Beach FL 32413
850-259-2683
Seller: City of Crestview
By: , �'' Date: 9' / 'I 1A0,1.4--,
19: N. Wilson St. "FAA. -‘,431.--e--
Crestview FL 32536 `"/ 1,-^-*""-tET