Parcel 105
PROJECT:
PARCEL No.:
FOLIO NO.:
60006
105
00267120309
PURCHASE AGREEMENT
THIS PURCHASE AGREEMENT (herein fter referred to as the "Agreement") is
made and entered into this ..,.. day of ^ \ , 2005, by and between
PANTHERS GREY OAKS, llC, a Delaware liml ed liability company, whose address is
c/o The Blackstone Group, 345 Park Avenue, New York, NY 10154 (hereinafter referred
to as "Owner"), and COLLIER COUNTY, a political subdivision of the State of Florida,
its successors and assigns, whose mailing address is 3301 Tamiami Trail East, Naples,
Florida 34112 (hereinafter referred to as "Purchaser").
WHEREAS, Purchaser requires a fee estate in that land described in Exhibit "A"
(hereinafter referred to as the "Property"), which is attached hereto and made a part of
this Agreement; and
WHEREAS, Owner is required pursuant to Section 7.05 of PUD Ordinance #00-
46 to dedicate certain specific right-of-way described therein; and
WHEREAS, Owner desires to convey the Property to Purchaser for the stated
purposes, on the terms and conditions set forth herein; and
WHEREAS, Purchaser has agreed to compensate Owner for conveyance of the
Property in lieu of impact fee credits.
NOW THEREFORE, in consideration of these premises, the sum of Ten Dollars
($10.00), 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. All of the above RECITALS are true and correct and are hereby expressly
incorporated herein by reference as if set forth fully below, and all Exhibits
referenced herein are made a part of this Agreement.
2. Owner shall convey good and marketable title to the Property to Purchaser for
the sum of $310,359.00 (said transaction hereinafter referred to as the
"Closing"). Said payment to Owner shall be full compensation for the Property
conveyed, including all landscaping, trees, shrubs, improvements, and fixtures
located thereon, and for any damages resulting to Owner's remaining lands,
and for all other damages in connection with conveyance of said Property to
Purchaser, including all attorneys' fees, expert witness fees and costs as
provided for in Chapter 73, Florida Statutes. The Owner hereby authorizes
Page 2
Purchaser to make payment in the amount of $310,359.00 to Gulf View Title,
LLC, as settlement agent for the disbursement of proceeds incident to said
sale and conveyance of the Property. It is mutually understood that the
Property is being acquired under threat of condemnation.
3. Owner has applied for approval for an insubstantial change to its site
development plan permitting Owner to fill in a portion of the lake located just
south of the Property, which will require trucking in from off-site between
250,000 and 500,000 cubic yards of fill material, and Owner has agreed to
certain specific conditions for the approval of the insubstantial change
application for the hauling of the fill material, to wit: (a) trucks hauling fill
material to Owner's property shall be limited to night-time hauling between the
hours of 8:00 PM to 6:00 AM from the date of this Agreement until September
15, 2006, or until the Purchaser's contractor, Magnum Construction
Management Corp., Inc., d/b/a MCM Corp., ("MCM") has reached final
completion on the Airport Road / Golden Gate Parkway overpass project, or
day time hauling between the hours of 10:00 AM to 3:00 PM from May 2005
through September 2005, which may be undertaken in conjunction with night-
time hauling, and under either hauling alternative, Owner shall avoid the use of
the following roadways when under re-construction: Immokalee Road (from
U.S. 41 to Collier Boulevard), Collier Boulevard (from Golden Gate Boulevard
to Immokalee Road) and Vanderbilt Beach Road (from Airport Road to Collier
Boulevard); AND (b) Purchaser's contractor for project, MCM, has control over
the public right-of-way fronting Owner's lands, and any and all proposals for
hauling fill material to Owner's lands are subject to the review and approval of
MCM Corp., as to the specific location and timing of the hauling of fill material
to the property, as well as the exiting movements of empty trucks from Owner's
lands. Purchaser agrees that it will act in good faith and all due speed in
reviewing Owner's pending application and will approve said application
provided it complies with the County's standard conditions for approval and the
foregoing specific conditions contained in this paragraph.
4. Prior to Closing, Owner shall obtain from the holders of any liens, exceptions
and/or qualifications encumbering the Property, the execution of such
instruments which will remove or release such encumbrances from the
Property upon their recording in the public records of Collier County, Florida.
Owner shall provide such instruments, properly executed, to Purchaser on or
before the date of Closing.
5. Both Owner and Purchaser agree that time is of the essence and Closing shall
occur within thirty (30) days of the effective date of this Agreement, provided,
however, that Purchaser shall have the unilateral right to extend the term of this
Agreement pending receipt of such instruments, properly executed, which
either remove or release any and all such liens, encumbrances or qualifications
affecting Purchaser's enjoyment of the Property. At Closing, Purchaser shall
Page 3
deliver funds to Owner and Owner shall deliver the conveyance instrument to
Purchaser in a form acceptable to Purchaser.
6. Owner is aware and understands that the "offer" to purchase represented by
this Agreement is subject to acceptance and approval by the Board of County
Commissioners of Collier County, Florida.
7. Owner represents that the Property and all uses of the Property have been and
presently are in compliance with all Federal, State and Local environmental
laws; that no hazardous substances have been generated, stored, treated or
transferred on the Property except as specifically disclosed to the Purchaser;
that the Owner has no knowledge of any spill or environmental law violation on
any property contiguouS to or in the vicinity of the Property to be sold to the
Purchaser, that the Owner has not received notice and otherwise has no
knowledge of a) any spill on the Property, b) any existing or threatened
environmental lien against the Property or c) any lawsuit, proceeding or
investigation regarding the generation, storage, treatment, spill or transfer of
hazardous substances on the Property. This provision shall survive Closing
and is not deemed satisfied by conveyance of title.
8. Owner shall indemnify, defend, save and hold harmless the Purchaser against
and from, and to reimburse the Purchaser with respect to, any and all
damages, claims, liabilities, laws, costs and expenses (including without
limitation reasonable paralegal and attorney fees and expenses whether in
court, out of court, in bankruptcy or administrative proceedings or on appeal),
penalties or fines incurred by or asserted against the Purchaser by reason or
arising out of the breach of Owner's representation under Section 7. This
provision shall survive Closing and is not deemed satisfied by conveyance of
title.
9. Owner shall pay all fees to record any curative instruments required to clear
title, all Warranty Deed recording fees, and any and all costs and/or fees
associated with securing and recording a Release or Subordination of any
mortgage, lien or other encumbrance recorded against the Property. Any
consideration for the execution of any release, subordination or satisfaction,
shall be the responsibility of the Owner, and shall be deducted on the Closing
Statement from the compensation payable to the Owner per Paragraph 2.
10. This Agreement and the terms and 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 the parties hereto and their respective heirs,
executors, personal representatives, successors, successor trustees, and/or
assignees, whenever the context so requires or admits.
Page 4
11. If the Owner holds the Property in the form of a partnership, limited partnership,
corporation, trust or any form of representative capacity whatsoever for others,
Owner shall make a written public disclosure, according to Chapter 286, Florida
Statutes, under oath, of the name and address of every person having a
beneficial interest in the Property before the Property held in such capacity is
conveyed to Purchaser, its successors and assigns. (If the corporation is
registered with the Federal Securities Exchange Commission or registered
pursuant to Chapter 517, Florida Statutes, whose stock is for sale to the
general public, it is hereby exempt from the provisions of Chapter 286, Florida
Statutes.)
12. Conveyance of the Property by Owner is contingent upon no other provisions,
conditions, or premises other than those so stated herein; and this written
Agreement, including all exhibits attached hereto, shall constitute the entire
Agreement and understanding of the parties, and there are no other prior or
contemporaneous written or oral agreements, undertakings, promises,
warranties, or covenants not contained herein.
13. This Agreement is governed and construed in accordance with the laws of the
State of Florida.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
this "1 -Ih. day of -i1f r-, ( , 20.9.5-.
Property acquisition approved by BCC pursuant to Resolution No. 2002-203 dated April
23, 2002.
AS TO PURCHASER:
DATED:~I'Z..-/O~
ATTEST:"...
DWIGHT ~:.~,ªfW~;·.:G,!erk
r;". ':. .....,.. .~~:; .~~~~~~.....
;\ . '", -
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
c·
BY 'juLW. ~
Page 5
AS TO OWNER:
DATED: t. ., 7 - ¿
Signed, sealed and delivered
In the presence of:
BY:
w ,'\,"""~ 5+(.;4"'-
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PositionlTitle:
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Approved as to form and
legal sufficiency:
/1
I:LL4 V ~~
'-~Éllen T. Chadwell
Assistant County Attorney
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