Love & Legacy Purchase Agreement BAYSHORE CRA 1 4 6 1
Folio Numbers: 61840280003,61839680009,61839560006,
61839440003,61840320002,29430240000,53352920005,53352880006,
61839120006,53351480009,53351680003,53351800003,53350240004,
29430320001,53350260000,53352200000,53352240002&53352160001
PURCHASE AND SALE AGREEMENT
THIS PURCHASE AGREEMENT (hereinafter referred to as the "Agreement") is made and
entered into by and between COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY, its
successors and assigns, whose mailing address is 3299 Tamiami Trail E., Naples, FL 34112
(hereinafter referred to as "Seller"), and LOVE & LEGACY LLC, a Florida limited liability company, its
successors and assigns, whose mailing address is 4947 Tamiami Trail North, Suite 106, Naples,
Florida 34103, (hereinafter referred to as "Purchaser");
WHEREAS, Seller is the owner of those certain parcels of real property (hereinafter collectively
referred to as "Property"), located in Collier County, State of Florida, and being more particularly
described in Exhibit"A", attached hereto and made a part hereof by reference.
Subject to easements, restrictions, and reservations of record.
WHEREAS, Seller desires to convey the Property "as is" to Purchaser for the stated purposes
and Purchaser desires to acquire the Property "as is", on the terms and conditions set forth herein;
and
WHEREAS, Purchaser has agreed to compensate Seller for conveyance of the Property;
NOW THEREFORE, in consideration of these premises, and other good and valuable
consideration, the receipt and sufficiency of which is hereby mutually acknowledged, it is agreed by
and between the parties as follows:
1. Seller shall convey the Property to Purchaser via Statutory Deed for the sum of TWO
HUNDRED SEVENTY ONE THOUSAND THREE HUNDRED and no/100 Dollars ($271,300),
payable by wire transfer (said transaction hereinafter referred to as the "Closing"). Said
payment shall be full compensation for the Property conveyed. This is a cash transaction with
no contingencies for financing.
2. Purchaser shall deliver a deposit of TWENTY SEVEN THOUSAND ONE HUNDRED THIRTY
and no/100 Dollars ($27,130) together with this Agreement signed by Purchaser. The deposit
will be held in escrow by Michael Baviell, Jr., PA., ("Escrow Agent") subject to clearance.
Escrow Agent's address is 800 Seagate Dr., #204, Naples, FL 34103; Phone: (239)434-6644.
3. The effective date of the Agreement shall be the date the CRA Chairman signs the Agreement
("Effective Date").
4. Seller shall provide Purchaser with a copy of their existing Owner's Title Insurance Policies as
title evidence. Purchaser, at their expense, will be responsible for obtaining their own title
insurance commitment and Owner's Policy of Title Insurance.
5. The Closing of the transaction shall be held on or before thirty (30) days from the Effective Date.
At Closing, Purchaser shall deliver the wire transfer to Seller and Seller shall deliver the fully
executed Statutory Deed to the Purchaser. Purchaser shall be entitled to full possession of the
Property at Closing.
6. Seller shall convey a marketable fee simple title free of any liens, encumbrances, exceptions, or
qualifications. Marketable title shall be determined according to applicable title standards
adopted by the Florida Bar and in accordance with law.
7. Each party shall be responsible for the payment of its own attorney's fees, if any. Purchaser, at
its sole cost and expense, shall pay at Closing all documentary stamp taxes due relating to the
recording of the Statutory Deed, in accordance with Chapter 201.01, Florida Statutes, and the
cost of the title commitment and the title policy. Purchaser shall pay for the cost of recording the
Statutory Deed. The cost of recording any instruments necessary to clear Seller's title to the
Property will be paid by Seller.
8. Ad Valorem and Non-Ad Valorem property taxes shall be prorated between Seller and
Purchaser on a 365-day calendar or fiscal year, as appropriate, and shall be based on the
current year's tax. If Closing occurs at a date which the current year's tax is not fixed, taxes will
be prorated based upon such prior year's tax. In determining prorations, the closing date shall
be allocated to Purchaser.
9. Brokerage commissions in the amount of SIXTEEN THOUSAND TWO HUNDRED AND
SEVENTY EIGHT and no/100 Dollars ($16,278) shall be paid out of the Seller's proceed at the
time of closing.
10. Purchaser acknowledges there shall be covenants that run with the lands of the property within
the Community Redevelopment Plan and herein described that will be fully binding on any
successors, heirs, and assigns of owners who may acquire any right, title, or interest in or to the
property: A) Mobile homes shall not be permitted on this site; and B) Construction must
commence as outlined in Exhibit"B".
11. Conveyance of the Property by Seller is contingent upon no other provisions, conditions, or
premises other than those so stated herein; and the written Agreement shall constitute the
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Purchase Agreement Page 2
entire Agreement and understanding of the parties, and there are no other prior or written or oral
agreements, undertakings, promises, warranties, or covenants not contained herein.
12. This Agreement and the provisions hereof shall be effective as of the date this Agreement is
executed by both parties and shall inure to the benefit of and be binding upon both parties
hereto and their respective heirs, executors, personal representatives, successors, successor
trustees, and/or assignees, whenever the context so requires or admits.
13. Any amendment to this Agreement shall not bind any of the parties hereto unless such
amendment is in writing and executed and dated by Purchaser and Seller. Any amendment to
this Agreement shall be binding upon Purchaser and Seller as soon as it has been executed by
both parties.
14. No waiver of any provision of this Agreement shall be effective unless it is in writing signed by
the party against whom it is asserted, and any waiver of any provision of this Agreement shall
be applicable only to the specific instance to which it is related and shall not be deemed to be a
continuing or future waiver as to such provision or a waiver as to any other provision.
15. This Agreement is governed and construed in accordance with the laws of the State of Florida.
16. The terms of the contract must be performed within the times specified herein as time is of the
essence.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the dates set
forth herein below.
Date Property conveyance approved by BCC:
AS TO SELLER:
DATED: GI/ cl 'j q
ATTEST: COLLIER COUNTY COMMUNITY
DWIGHT E.'BROCK;CJerk REDEVELOPMENT AGENCY
4 '5
BY: d?-7.--k-i-ec-1 c77.-26-.1--
Dethuty.Clerk DON A FIALA, Chairman
Attest as to Chaitmat s
signature only.
AS TO PURC AS R:
iATED: 5 rria
c: , LOVE & LEGA /1.., o ida
' limited liabili . co
Witn-ss(Signature')W ^ By
1
Calixto Mo ten •ro, as ) nager
Name: J/ . 4.+1. , 1 Va_e�..
(Print or Typ )
Witness(Signature
Name: 10mn o)net 11vC&
(Print or Type)
Approved as to form and legality:
Jenn a A`Belpe.i•
Assistant County ' •rney
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EXHIBIT "A"
PARCEL #1: 3155 Karen Drive (Tax Id # 61840320002), described as: Lot 15, Tarpon
Mobile Home, more particularly described as: Beginning at the Northeast corner of Lot 100,
Naples Grove and Truck Co's Little Farms No. 2, according to plat in Plat Book 1, Page 27,
Public Records of Collier County, Florida; thence North 89 degrees 26 minutes 46 seconds
West, 480.0 feet to the POINT OF BEGINNING: thence South 00 degrees 09 minutes 00
seconds West, 139.0 feet; thence South 89 degrees 26 minutes 40 seconds East, 60.0 feet;
thence North 00 degrees 09 minutes 00 seconds East, 139.0 feet; thence North 89 degrees
26 minutes 40 seconds West, 60.0 feet to the POINT OF BEGINNING.
PARCEL #2: 3175 Karen Drive (Tax Id # 61839440003), described as: Lot 16, of an
unrecorded plat: Commencing at the Northeast corner of Lot 100, Naples Grove and Truck
Co's Little Farms No. 2, according to plat in Plat Book 1, Page 27, Public Records of Collier
County, Florida; thence North 89 degrees 26 minutes 40 seconds West, 420.0 feet to the
POINT OF BEGINNING: thence South 00 degrees 09 minutes 00 seconds West, 139.0 feet;
thence South 89 degrees 26 minutes 40 seconds East, 60.0 feet; thence North 00 degrees
09 minutes 00 seconds East, 139.0 feet; thence North 89 degrees 26 minutes 40 seconds
West, 60.0 feet to the POINT OF BEGINNING.
PARCEL #3: 3152 Karen Drive (Tax Id # 61839680009), described as: Lot 37, Tarpon
Mobile Homes, more particularly described as follows: Beginning at the Northeast corner of
Lot 100, Naples Grove and Truck Co.'s Little Farms No. 2, according to the plat in Plat Book
1, Page 27, of the Public Records of Collier County, Florida; thence South 00 degrees, 09
minutes 50 seconds, West 337.8 feet; thence North 89 degrees, 27 minutes 00 seconds,
West 480.0 feet to the POINT OF BEGINNING: thence North 00 degrees, 09 minutes 00
seconds, East 139.0 feet; thence South 89 degrees, 27 minutes 00 seconds, East 60.0 feet;
thence South 00 degrees, 09 minutes 00 seconds, West 139.0 feet; thence North 89
degrees, 27 minutes 00 seconds, West 60.0 feet to the POINT OF BEGINNING.
PARCEL #4: 3000 Karen Drive (Tax Id # 61839560006), described as: Lot 28, Tarpon
Mobile Homesites, more particularly described as follows: Beginning at the Northwest corner
of Lot 100, Naples Grove and Truck Co.'s Little Farms No. 2, according to the Plat Book 1,
Page 27, of the Public Records of Collier County, Florida; thence South 00 degrees, 09
minutes 00 seconds, West 337.9 feet; thence South 89 degrees, 27 minutes 00 seconds,
East 296.81 feet to the POINT OF BEGINNING: thence South 89 degrees, 27 minutes 00
seconds, East 60.0 feet; thence North 00 degrees, 09 minutes 00 seconds, East 139.0 feet;
thence North 89 degrees, 26 minutes 40 seconds, West 60.0 feet; thence South 00 degrees,
09 minutes 00 seconds, West 139.0 feet to the POINT OF BEGINNING.
PARCEL #5: 3205 Karen Drive (Tax Id # 61840280003), described as: Lot 18 Tarpon Mobile
Homesites, more particularly described as follows: Beginning at the Northeast corner of Lot
100, Naples Grove and Truck Co.'s Little Farms No. 2 Subdivision, according to the Plat
Book 1, Page 27, of the Public Records of Collier County, Florida; thence North 89 degrees,
26 minutes 40 seconds, West 300.0 feet to the POINT OF BEGINNING: thence South 00
degrees, 09 minutes 00 seconds, West 139.0 feet; thence South 89 degrees, 26 minutes 40
seconds, East 60.0 feet; thence North 00 degrees, 09 minutes 00 seconds, East 139.0 feet;
thence North 89 degrees, 26 minutes 40 seconds, West 60.0 feet to the POINT OF
BEGINNING.
PARCEL #6: 3258 Lunar Street (Tax Id # 29430240000), described as: Lot 7, Crews
Subdivision, in accordance with and subject to the plat recorded in Plat Book 9, Page 48,
Public Records of Collier County, Florida.
PARCEL #7: 3029 Lunar Street (Tax Id # 53352920005), described as: Lot 90, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #8: 3037 Lunar Street (Tax Id # 53352880006), described as: Lot 89, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
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PARCEL #9: 3015 Karen Drive (Tax Id # 61839120006), described as: Lot 7, Tarpon Mobile
Estates, an unrecorded plat, more particularly described as follows: Beginning at the
Northwest corner of Lot 100, Naples Grove and Truck Co's Little Farms No. 2, in accordance
with and subject to the plat recorded in Plat Book 1, Page 27A, Public Records of Collier
County, Florida; thence South 89 degrees 26 minutes 40 seconds East 356.81 feet to the
POINT OF BEGINNING: thence South 89 degrees 26 minutes 40 seconds East 60.0 feet;
thence South 00 degrees 09 minutes 50 seconds West 139.0 feet; thence North 89 degrees
27 minutes 00 seconds West 60.0 feet; thence North 00 degrees 09 minutes 00 seconds
West, 139.0 feet to the POINT OF BEGINNING.
Lot 100 of Naples Grove and Truck Co's Little Farms No. 2 Subdivision and Lot 100 of
Naples Groves and Truck Co's Little Farms No. 2, Section 23 Township 50 South, Range 25
East, as recorded in Plat Book 1, Page 27A, Public Records of Collier County, Florida are
one and the same.
PARCEL #10: 3991 New Moon Ct (Tax Id # 53351480009), described as: Lot 43, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #11: 3962 Harvest Ct (Tax Id # 53351680003), described as: Lot 48, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #12: 4000 Harvest Ct (Tax Id # 53351800003), described as: Lot 51, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #13: 4032 Full Moon Ct (Tax Id # 53350240004), described as: Lot 7, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #14: 3252 Lunar (Tax Id # 29430320001), described as: Lot 9, Crews Subdivision,
in accordance with and subject to the plat recorded in Plat Book 9, Page 48, Public Records
of Collier County, Florida.
PARCEL #15: 4048 Full Moon Ct (Tax Id # 53350260000), described as: Lot 8, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL #16: 3991 Harvest Ct (Tax Id # 53352200000), described as: Lot 66, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
PARCEL#17: 3979 Harvest Ct (Tax Id # 53352240002), described as: Lot 67 and the South
half (1/2) of Lot 68, Lake Kelly, Unit 2, in accordance with and subject to the plat recorded in
Plat Book 3, Page 93, Public Records of Collier County, Florida.
PARCEL #18: 4005 Harvest Ct (Tax Id # 53352160001), described as: Lot 65, Lake Kelly,
Unit 2, in accordance with and subject to the plat recorded in Plat Book 3, Page 93, Public
Records of Collier County, Florida.
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EXHIBIT "B"
All homes will be single family, concrete block construction. Purchaser will make best efforts
to make sure the properties are sold such that they will be owner occupied or occupied by
seasonal residents.
Proposed Building Time-Frame
Phase One: Building shall commence on first two lots within 30 days of closing.
Phase Two: Building shall commence on next four lots within 6 months of closing.
Phase Three: Building shall commence on six additional lots within one year of closing.
Phase Four: Building shall commence on remaining six lots within 18 months of
closing.
Buildings shall be deemed complete when a certificate of occupancy is issued.
Subject to force majeure, parcels not receiving a certificate of occupancy within 24 months of
close and settlement shall automatically revert to Seller or its successors or assigns, without
the necessity of Seller or its successors or assigns taking any affirmative action to effectuate
the reverter.
Force Majeure: Fire, flood, earthquake or hurricane or for any other cause similar to those
enumerated.
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