60142-153DE - Project #60142 - Corso PROJECT: 60249—Vanderbilt Beach Road Extension —Phase 2
PARCEL: 1508RDUE
FOLIO. 40520360002
PURCHASE AND SALE AGREEMENT
(Road Right of Way. Drainage. and Utility Easement)
,SD
THIS PURCHASE AND SALE AGREEMENT ("Agreement") is entered into this ZZ-- day of
OCTOBE& 2024. by and between AUGUSTINO S. CORSO, JR. and JOHN P. CORSO, individually and as
Co-Trustees of the Augustine S. Corso. Jr. Trust, dated October 18. 2017. and JOHN P.CORSO, individually
and as Trustee of the John P. Corso Trust. dated April 1, 2015, as amended. whose mailing address is 9248
Magic Flower Avenue. Las Vegas, NV 89134 (collectively, "Seller"), and COLLIER COUNTY, a political
subdivision of the State of Florida. whose mailing address is 3299 Tamiami Trail East, c/o County Attorney's
Office. Suite 800. Naples. FL 34112 (the"County")
Recitals
A. Seller owns certain real property in Collier County, Florida. commonly known as Tract 6, Unit
74. Golden Gate Estates, as recorded in Book 5. Page 10, of the Public Records of Collier County
B The County desires to purchase a perpetual non-exclusive road right of way,drainage, and utility
easement(the"Easement")over, under, upon and across a portion of Seller's property as described in Exhibit
"A"attached hereto (the"Property")
NOW THEREFORE. the parties agree as follows:
1. AGREEMENT TO SELL AND PURCHASE. Seller hereby agrees to sell, and the County hereby
agrees to purchase the Easement on the terms and conditions set forth in this Agreement.
2. COMPENSATION
A. Amount. The compensation payable by the County for the Easement shall be 517,700 subject
to prorations, apportionments and distribution of sales proceeds provided for in this Agreement. No portion
of the compensation is attributable to personal property
B Full Compensation. The payment of the net sales proceeds to Seller. payable by County check
at Closing (defined below). shall be (i) full compensation for the Easement. including, without limitation. all
improvements located on the Property as of the date of this Agreement: and (ii) full and final settlement of all
other damages and expenses suffered or incurred by Seller in connection with Seller's conveyance of the
Easement to the County, whether foreseen or unforeseen, including, without limitation, and to the extent
applicable, moving expenses. attorneys' fees, expert witness fees and costs as provided for in Chapter 73,
Florida Statutes.
3. PUBLIC DISCLOSURE. If Seller holds title to the Property in the form of a partnership, limited
partnership.corporation. trust. or any form of representative capacity whatsoever for others,Seller shall, before
the full execution of this Agreement, make a written public disclosure, according to Section 286.23, Florida
Statutes. under oath, subject to the penalties prescribed for perjury, of the name and address of every person
having a beneficial interest in the Property before the Easement is conveyed to the County. The foregoing
notwithstanding, (i) if Seller is a corporation 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 exempt
from the provisions of Section 286.23, Florida Statutes. and(ii)the names and addresses of persons or entities
holding less than 5 percent of the beneficial interest in the disclosing entity are not required to be disclosed
1
Ctk°
4. PURPOSE OF EASEMENT. The Easement shall be for road right of way, drainage, and utility
purposes and includes the right to enter upon the Easement to a)construct, operate, maintain, repair, replace
and remove (i) roadways, driveways, curbs, sidewalks, bike paths, walking trails, bus shelters, lighting, and all
structures and other improvements ancillary to any of the foregoing, for use by the general public to the extent
same is maintained as such; (ii) canals, ditches, swales, earthen berms, rip-rap, retaining walls and other
retaining systems, underground pipes, irrigation lines and other types of water control structures and facilities;
and (iii) public utilities and, with the Grantee's prior written consent, private utility facilities including, without
limitation, facilities for electricity, gas, communication cables; and b) place, excavate, use, store, plant, remove
and dispose of soil, trees, landscaping, and other materials and improvements, including the removal and
disposal of any and all property, real and/or personal, not owned by the County to the extent it interferes with
the County's rights under the Easement,without liability to the owner of such property;all as deemed necessary
or appropriate from time to time by the County.
5. CLOSING DATE; POSSESSION.
A. Closing Date. Seller's conveyance of the Easement to the County (the "Closing") shall occur
within 30 days of the County's receipt of all properly executed Closing Documents (defined below). TIME IS
OF THE ESSENCE. The Closing shall take place at the offices of the County's Transportation Engineering
Division, 2885 Horseshoe Drive South, Naples, Florida 34104.
B. No Adverse Changes; Risk of Loss. The County's obligation to close shall be contingent upon
the County having determined that, between the date that the County completes its due diligence investigations
and inspections under this Agreement and the Closing, there shall have been no adverse changes in the title,
physical condition of the Property, or other matters previously approved by the County. Between the date of
the parties' execution of this Agreement and the Closing, risk of loss shall be borne by Seller. If the Property
is damaged prior to Closing, excluding damage caused by the County, Seller shall repair and restore the
Property at Seller's expense.
C. Possession. Seller shall remove Seller's personal items, vacate, and surrender possession of
the Easement to the County at Closing. Seller shall leave the Property free of all personal property and debris
and in substantially the same condition as exists on the date of Seller's execution of this Agreement. The
County shall have the right to inspect the Property prior to Closing.
6. CLOSING DOCUMENTS. As soon after the parties' execution of this Agreement as is possible,
Seller shall deliver the following documents to the County, properly executed and in a form approved by the
Collier County Attorney's Office (the"Closing Documents"):
(a) Road , Right of Way, Drainage, and Utility Easement instrument;
(b) Closing Statement;
(c) Affidavit of Title;
(d) Form W-9 (Request for Taxpayer Identification Number and Certification);
(e) Evidence of legal authority and capacity of the individual executing this Agreement on behalf
of Seller to execute and deliver this Agreement and the Closing Documents;
(f) Satisfaction, Partial Release, Termination or Subordination from the holder of each mortgage
or other lien open of record encumbering the Property;
(g) Termination, Partial Release, or Subordination of any leases or rental agreements that
encumber the Property;
(h) Termination or Subordination of any existing easement that encumbers the Property, if
required by the County; and
(I) Such other documents as the County or title company deems necessary or appropriate to
clear title to the Easement.
Following the Closing, Seller shall execute any and all additional documents as may be requested by the
County or title company to correct clerical errors, clear title, or otherwise carry out the intent of the parties.
2
7. CLOSING COSTS AND DEDUCTIONS.
A. County's Closing Costs. At Closing, the County shall pay (i) the recording fees to record the
Easement instrument and any curative instruments required to clear title; and (ii)the cost of an owner's policy
of title insurance if the County elects to obtain one. Additionally, the County may elect to pay reasonable costs
incurred and/or processing fees required by mortgagees or other lien holders in connection with the delivery
of properly executed Satisfaction, Releases, Terminations, or Subordinations of any liens open of record
encumbering the Property. The County shall have sole discretion as to what constitutes "reasonable costs
and/or processing fees."
B. Seller's Closing Costs. At Closing, Seller shall pay (i) all state documentary stamp taxes
required on the Easement instrument in accordance with Section 201.01, Florida Statutes, unless the
Easement is acquired under the threat of condemnation, in which case the conveyance is exempt from state
documentary stamp taxes; (ii) any apportionment and distribution of the full compensation amount provided
for in this Agreement that may be required by any mortgagee, lien holder, or other encumbrance holder as
payoff, paydown, or for the protection of its security interest, or as consideration due to any diminution in the
value of its property right; and (iii) all taxes and assessments that are due and payable.
8. IRRIGATION SYSTEM AND MISCELLANEOUS IMPROVEMENTS.
A. Relocation. Seller agrees to relocate existing irrigation, electrical, or other systems located on
the Property, if any, including, but not limited to, irrigation lines, sprinkler valves, electrical wiring, etc.
("Systems"), prior to the commencement of construction, without any further notification from the County.
Seller assumes full responsibility for the relocation of all Systems and their performance on the remainder
property after relocation. Seller holds the County harmless for any and all possible damage to the Systems in
the event Seller fails to relocate the Systems prior to the commencement of construction.
B. Retention of Improvements. Seller acknowledges that the County has compensated Seller for
the value of all improvements and landscaping ("Improvements") located on the Property, and yet the County
is willing to permit Seller to salvage said Improvements provided same are removed from the Property prior to
the commencement of construction. If Seller elects to retain any Improvements located on the Property, Seller
is responsible for their removal prior to the commencement of construction,without any further notification from
the County. All Improvements remaining on the Property at the time of commencement of construction shall
be deemed abandoned by Seller.
C. This section shall survive Closing and is not deemed satisfied by conveyance of the Easement.
9. INSPECTIONS.
A. Inspections. Following the date of the parties' execution of this Agreement, the County shall
have the right, at its sole cost and expense, to conduct whatever investigations and inspections of the Property
that it deems appropriate, including, without limitation, a title examination, property survey, appraisal, building
inspections, environmental assessments, engineering studies, soil borings, determination of compliance of the
Property with applicable laws, and the like. Seller shall provide the County with reasonable access to the
Property to conduct on-site inspections. The County shall promptly repair any damage to the Property caused
by such on-site inspections.
B. County's Right to Terminate. Notwithstanding anything in this Agreement to the contrary, the
County's obligations under this Agreement to acquire the Easement are contingent upon the County's
satisfaction with the Property, including, without limitation, as revealed by the County's investigations and
inspections as set forth herein. If, prior to the Closing, the County identifies any objectionable matters and
determines that such objections cannot be resolved to the County's satisfaction through reasonable diligence,
within a reasonable period of time, and at a reasonable cost, all as determined by the County in its sole
discretion, the County shall have the right to terminate this Agreement by written notice to Seller, whereupon
3
d0
neither party shall thereafter have any rights or obligations under this Agreement. The County may, but shall
not be required to, provide Seller with an opportunity to rectify such objections.
10. SELLER'S ADDITIONAL REPRESENTATIONS AND WARRANTIES. Seller makes the following
additional representations and warranties on the date of Seller's execution of this Agreement, and shall be
deemed to have repeated same at Closing:
(a) Seller is the sole owner of fee simple title to the Property and has full right, power, and authority
to own and operate the Property, to execute this Agreement, and to fulfill Seller's obligations
under this Agreement and the Closing Documents.
(b) No tenant or other party has any right or option to acquire the Property or to occupy the Property,
or, if applicable, Seller shall disclose same to the County in the applicable Closing Documents.
(c) Seller's title to the Property is free and clear of all mortgages and other liens and encumbrances,
except as may be disclosed in the title commitment, title report, or attorney title opinion obtained
or to be obtained prior to the Closing.
(d) Between the date of Seller's execution of this Agreement and the Closing, Seller shall not do
anything to encumber the title to the Property, or convey the Property to a third party, or grant
to any third party any rights of any kind with respect to the Property, or do anything to change
or permit to be changed the physical condition of the Property,without in each instance obtaining
the County's prior written consent, which may be granted or withheld in the County's sole
discretion.
(e) No maintenance, construction,advertising, management, leasing, employment, service, or other
contracts affecting the Property shall remain in effect following the Closing.
(f) There are no governmental proceedings or investigations of any kind, formal or informal, civil or
criminal, pending or threatened, that may affect the Property or adversely affect Seller's ability
to perform Seller's obligations under this Agreement.
(g) The Property is in compliance with all federal, state and local laws, including, without limitation,
environmental laws; no unsafe levels of radon, mold, lead, or other pollutants or hazardous
substances have been used, generated, stored, treated, or removed from the Property, nor is
there any lawsuit, proceeding, or investigation regarding same; the Property has never been
used as a landfill, and there are no underground storage tanks on the Property; there has been
no spill, contamination, or violation of environmental laws pertaining to any contiguous property;
and Seller has not received notice and otherwise has no knowledge of any existing or threatened
environmental lien against the Property.
(h) Seller has not utilized a real estate broker or agent in connection with Seller's sale of the
Easement to the County and no real estate sales commission is due.
(i) None of the improvements located on the Property encroach upon adjoining properties, and no
improvements located on adjoining properties encroach upon the Property.
11. DEFAULT; REMEDIES. If either party fails to perform any of its obligations under this Agreement
and fails to cure such failure within 15 days after receiving written notice thereof from the non-defaulting party,
the non-defaulting party shall have the right to terminate this Agreement by giving written notice of termination
to the defaulting party; without limitation of any other rights and remedies available to the non-defaulting party
at law or in equity, including,without limitation, the right to seek specific performance,and to recover damages,
including attorney fees and court costs, in connection with such default; all rights and remedies being
cumulative.
4
�1O
12. INDEMNIFICATION; WAIVER OF CLAIMS. Seller shall indemnify, defend, and hold the County
harmless from and against all claims and actions asserted against the County, and all damages, losses,
liability, penalties, fines, costs and expenses, including, without limitation, attorney fees and court costs,
suffered or incurred by the County, arising from (i) Seller's representations and warranties in this Agreement
or in any of the Closing Documents if untrue; or(ii) Seller's failure to perform any of Seller's obligations under
this Agreement, irrespective of whether the County delivers a written notice of default to Seller; or(iii) injuries,
accidents, damage to Seller's personal property, or other incidents occurring on the Property prior to Closing.
13. NOTICES. All notices given by either party to the other under this Agreement shall be in writing
and shall be personally delivered, or delivered by a traceable courier, or mailed by U.S. certified mail, to the
parties at their respective addresses set forth in the introductory paragraph of this Agreement, or such other
address as may be specified by either party from time to time by written notice to the other party. Notices shall
be deemed given on the date of receipt if personally delivered, or delivered by courier, or 3 days after mailing.
14. GENERAL PROVISIONS.
A. Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the
parties and their respective heirs, executors, personal representatives, successors and permitted assigns.
B. Assignment. The parties shall not assign any rights or obligations under this Agreement to a
third party without the prior written consent of the other party.
C. Entire Agreement. This Agreement constitutes the entire agreement of the parties as pertains
to the subject matter hereof, and there are no prior or contemporaneous written or oral agreements,
undertakings, promises, warranties, or covenants not contained herein.
D. Amendments. All amendments to this Agreement must be in writing and signed by both parties.
E. Time Periods. If any deadline or expiration of any time period provided for hereunder falls on a
Saturday, Sunday or legal holiday, such deadline or expiration shall be extended to the following business day.
F. Survival. All provisions of this Agreement that are not, or by their nature cannot be, performed
prior to the Closing, including, without limitation, Seller's representations, warranties, indemnity obligations,
shall survive the Closing.
G. Severability. If any provision of this Agreement is determined to be legally invalid or
unenforceable, such provision shall be severed from this Agreement, and the remaining provisions of this
Agreement shall remain in full force and effect.
H. No Waiver. No party shall be deemed to have waived its right to enforce any specific provision
of this Agreement unless such waiver is in writing. Any such written waiver shall be applicable only to the
specific instance to which it relates and shall not be construed as a continuing waiver as to future instances or
as a waiver of any other provision.
I. Governing Law; Venue. This Agreement shall be governed and construed in accordance with
the laws of the State of Florida. All disputes arising under this Agreement shall be brought solely in the courts
in Collier County, Florida, and the parties hereby agree to said venue.
5
IN WITNESS WHEREOF, the parties have executed this Agreement on the dates indicated below,
effective as of the date this Agreement is executed by the County.
Date: P - a•L} , 2024 SELLER:
AUGUS O S. CORSO,JR., individually afid as
Co-Trustee of the Augustino S. Corso Jr. Trust,
dated October 18, 2017
2f0,3
JOHN P. CORSO, individually and a o-Trustee
oft Augustino S. Corso Jr. Trust, dated October
—,—'f$, 2017
Date: S' Z' Zt , 2024 SELLER:
4.,...2
JOH P. CORSO, indic;10..,v7,,..„,_
and as Trustee
•of e John P. Corso Tdated April 1, 2015
Date: OCT' 22-jJO , 2024 COUNTY:
ATTEST:
CRYSTAL K. KI1' ZEL, Clerk of the BOARD OF COUNTY COMMISSIONERS
Circuit Court&Comptroller COLLIER CO , FLORIDA
-rBy. _X.k�. _' tL.u4�-u. By:
Deputy`CI rk Attest as to Chairman's CH HALL, Chairperson
signature only
p oved as to form nd legality:
jitt
DEREK D. PERRY, ESQ. ,�A
Assistant County Attorney n,A
revised 7/7/2023 /\`� �i
J
6
_ I L_
12TH AVENUE N.E
w
�„ ' 7, TRACT 6 1- o EXHIBIT
z z I / /;�%{ AUGUSINO S. CORSO JR TRUST L /
z // / /
JOHN P. CORSO TRUST cpw POge J Qf /
o f o PROPOSED OR 5478 H n n __,, _ —_F------
w
II^= I // $ PARCEL 150BRDUE// U Q�Y
z 2 o I �12,000 SQ. FT. g 6 Z g
w 3g I // //�`` -f Sa
CO ,- \ ..�
1 CO
0 0 1 1.
IIIJ /// ~
j TRACT, SAN 5 1I
TAl1ARG0, SANDRA SOTO �f
I 18
�/ AIMIAN MARULL TRUST w N in
m OR 6101/634 C Q H x
UI
/
II.J.1
�/ ti
ffi
0 TRA5CT C5 5
(g 0 I I OR 4351/363
- - _ - -
- e _ - _
'
901 I 902 I903 /O4 905 906 907 908 909 910
1 I VANDERBILT BEACH ROAD
SO.FT. SQUARE FEET
RDUE PROPOSED ROADWAY DRAINAGE UTILITY EASEMENT ACQUISITION
OR OFFICIAL RECORDS (BOOK/PAGE)
<,X ' PROPOSED ROADWAY DRAINAGE UTILITY EASEMENT PARCEL
EXISTING ROADWAY EASEMENT DEDICATED TO THE PERPETUAL
USE OF THE PUBLIC PER PLAT BOOK 5, PAGE 11
TE - ROW
DATED/EMAILED : 04/23 /2024 N
,. •
W --...5In E
S
LEGAL DESCRIPTION FOR PARCEL 1508RDUE
A PORTION OF TRACT 6, GOLDEN GATE ESTATES UNIT 74, AS RECORDED IN PLAT BOOK 5, PAGE 10,
OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, LYING IN SECTION 32, TOWNSHIP 48
SOUTH, RANGE 28 EAST, COWER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS
FOLLOWS:
THE EAST 40 FEET OF THE WEST 90 FEET OF THE SOUTH 300 FEET OF SAID TRACT 6.
CONTAINING 12,000 SQUARE FEET, ALSO BEING 0.27 MORE OR LESS. "'pF a Digitally signed
♦`' '• wq byMichael
* 5301: ;*=Ward
t_. F ;*�,:7 Date:
s'FR[._Rio sus,`/ 2024.04.23
0 150 800 B0O ',,"i-AND„`s�• 17:07:10-04'00'
BY:
SKETCH & DESCRIPTION ONLY I I + I FLORim CHAEL REGISTTRATION PROFESSIONAL LAND
NO.5301
NOT A BOUNDARY SURVEY SCALE:1'-160' SIGNING DATE:
WAS
FOR: COLLIER COUNTY GOVERNMENT BOARD OF COUNTY COMMISSIONERS TMEAU�THORIZZAPPEARING
NN MICw���PPLiS
VANDERBILT BEACH ROAD EXTENSION/PHASE II
SKETCH & DESCRIPTION OF: PROPOSED ROADWAY DRAINAGE 6610 Willow Park Onve,Suite 200
, 09
UTILITY EASEMENT ACQUISITION Phone:(239)Na 5p9l7-es057F5lorida FAX:341(239)597-0578
PARCEL 1508RDUE LB No.6952
COLLIER COUNTY, FLORIDA ENGINEERING
JOB NUMBER REVISION SECTION TOWNSHIP RANGE SCALE DATE DRAWN BY FILE NAME SHEET
060119.08.00 001 32 48S 28E 1" = 150' 03/01/24 TAT SK1508RDUE 1 OF 1 01.,J