Vacant Land Contract
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PARTIES AND DESCRIPTION OF PROPERTY
1, SALE AND PURCHASE: STATES RESOURCES CORP.
and COLLIER COUNTY, a Political Subdivision of the State of Florida
agree to sell and buy on the terms and conditions specified below the property ('Property') described as:
Address: VACANT LOT - DOMINION DR. NAPLES FL 34112
Legal Description: LOT 20, BLOCK 6, AVALON ESTATES, UNIT NO.1, ACCORDING TO THE MAP OF
THE PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 62, PUBLIC RECORDS OF COLLIER
.COUNTY, FLORIDA
PID# 22624480107
("Seller")
("Buyer")
S'
g'
10'
11'
12' including all improvements and the follOWing additional property: NA
13'
14'
15
16' 2, PURCHASE PRICE: $
PRICE AND FINANCING
14,900.00 payable by Buyer in U.S. funds as follows:
17'
18'
19
20'
21'
(a) $
1.000.00
22'
(b) $
0.00
Deposrt rece"ed (checks are subject to clearance) on NA
for delivery to FIDELITY NA T'L TITLE
Signature Name of Company
(Address of Escrow Agent) 15611 NEW HAMPSHIRE CT, FT. MYERS FL 33908
(Phone # of Escrow Agent) 239-770-0309
Additional deposit to be delivered to Escrow Agent by
or_days from Effective Date (10 days If leff blank),
by
("Escrow Agent")
23'
24.
(c)
(d) $
(e) $
o
Total financing (see Paragraph 3 below) (express as a dollar amount or percentage)
Other: NA
25'
0,00
13,900,00
Balance to ciose (not including Buyer's closing costs, prepaid items and prorations), All funds
paid at closing must be paid by locally drawn cashier's check, official check or wired funds.
26'
n
28' 0 (I) (complete only if purchase price will be determined based on a per unit cost Instead of a fixed price) The unit
29' used to determine the purchase price is 0 lot U acre U square foot 0 other (specify: )
3D' prorating areas of less than a full unit. The purchase price will be $ per unit based on a calculation of
31 total area of the Property as certified to Buyer and Seller by a Florida-licensed surveyor in accordance with Paragraph
32' 8(c) of this Contract. The following rights of way and other areas will be excluded from the calculation:
33'
34' 3, CASH/FINANCING: (Check as applicable) <II (a) Buyer will pay cash for the Property with no financing contingency.
35' I,J (b) This Contract is contingent on Buyer qualifying and obtaining the commitment(s) or approval(s) specified below (the
36' "Financing") within _ days from Effect"e Date (if left blank then Closing Date or 30 days from Effect"e Date, whichever
37' occurs first) (the 'Financing Period"). Buyer will apply for Financing within _ days from Effective Date (5 days if left blank)
38 and will timely provide any and all credit, employment, financial and other information required by the lender, If Buyer, after
39 using diligence and good faith, cannot obtain the Financing within the Financing Period, either party may cancel this Contract
40 and Buyer's deposit(s) will be returned after Escrow Agent receives proper authorization frorn all interested parties.
41' 0 (1) New Financing: Buyer will secure a commitment for new third party financing for $ or
42. _ % of the purchase price at the prevailing interest rate and loan costs based on Buyer's creditworthiness. Buyer
43 will keep Seller and Broker fully informed of the loan application status and progress and authorizes the lender or
44 mortgage broker to disclose all such information to Seller and Broker,
40' 0 (2) Seller Financing: Buyer will execute a U first I.J second purchase rnoney note and rnortgage to Seller in the
46' amount of $ , bearing annual interest at ~ % and payable as follows:
47'
48 The rnortgage, note, and any security agreernent will be In a form acceptabie to Seller and will follow forms generally
19 accepted in the county where the Property is located; will proVide for a late payment fee and acceleration at the mortgagee's
50' Buyer l-J l-J and Seller l-J L-.J acknowledge receipt of a copy of this page, which IS Page 1 of 7 Pages, m ~
VAC.9 Rev_ 4/07 (0 2007 Florida Association of Rf.ALTORS. All Rights Reserved _lOll' ~
51 option if Buyer defaults; will give Buyer the right to prepay without penalty all or part of the principal at any time(s) with
52 Interest only to date of payment; will be due on conveyance or sale; will provide for release of contiguous parcels, if
53 applicable; and will require Buyer to keep liability insurance on the Property, with Seller as add~ional named insured, Buyer
54 authorizes Seller to obtain credit, employment and other necessary information to determine creditworthiness for the
55 financing. Seller will, within 10 days from Effective Date, give Buyer written notice of whether or not Seller will make the loan,
56' U (3) Mortgage Assumption: Buyer will take trtle sublect to and assume and pay existing first mortgage to
51'
58' LN# in the approximate amount of $ currently payable at
59' $ per month including principal, interest, 0 taxes and Insurance and having a I:J fixed 0 other
66' (describe)
61' interest rate of % which 0 will I.J wlil not escaiate upon assumption, Any variance in the mortgage will be
62 adjusted in the balance due at closing with no adjustment to purchase price. Buyer will purchase Seller's escrow
63' account dollar for dollar, If the lender disapproves Buyer, or the interest rate upon transfer exceeds _ % or the
64' assumption/transfer fee exceeds $ , either party may elect to pay the excess, failing which thiS
65 agreement will terminate and Buyer's deposit(s) will be returned.
66 CLOSING
67 4, CLOSING DATE; OCCUPANCY: This Contract will be closed and the deed and possession delivered on
"8' MARCH 26 ,2010 ("Closing Date"). Unless the Closing Date is specifically extended by the Buyer and Seller or
69 by any other provision in this Contract, the Closing Date shall prevail over all other time periods including, but not limited to,
!O financing and feasibility stUdy periods. If on Closing Date insurance underwriting is suspended, Buyer may postpone closing up to
71 5 days after the insurance suspension is lifted, If this transaction does not close for any reason, Buyer will immediately retum all
7? Seller-provided title evidence, surveys, association documents and other items.
73 5, CLOSING PROCEDURE; COSTS: Closing will take place in the county where the Property is located and may be conducted
74 ~y mail or electronic means, If title insurance insures Buyer for title defects arising between the title binder effective date and
75 recording of Buyer's deed, closing agent will disburse at closing the net sale proceeds to Seller (in local cashier's checks if Seller
76 requests in writing at least 5 days prior to closing) and brokerage fees to Broker as per Paragraph 17. In addition to other expenses
77 provided in this Contract, Seller and Buyer will pay the costs indicated below
78 (a) Seller Costs:
19 Taxes on the deed
80 Recording fees for documents needed to cure @e
81 Title evidence (if applicable under Paragraph 8)
8?' Other: SELLER'S CUSTOMARY CLOSING AND ESCROW FEES
83 (b) Buyer Costs:
84 Taxes and recording fees on notes and mortgages
85 Recording fees on the deed and financing statements
86 Loan expenses
87 Lender's title policy at the simultaneous issue rate
138 Inspections
89 Survey and sketch
90 Insurance
91' Other: BUYER'S CUSTOMARY CLOSING AND ESCROW FEES
92 (c) Title Evidence and Insurance: Check (1) or (2):
93' \Zl (1) The title evidence will be a Paragraph 8(a)(1) owner's title insurance comm~ment. \Zl Seller will select the title agent and
94' will pay for the owner's title policy, search, examination and related charges or r,J Buyer will select the title agent and pay for
os' the owner's title policy, search, examination and related charges or 0 Buyer will select the title agent and Seller will pay for
90 the owner's title policy, search, examination and related charges,
97' 0 (2) Seller will provide an abstract as specified in Paragraph 8(a)(2) as title evidence. I:J Seller 0 Buyer will pay for the
98 owner's title poliCY and select the title agent. Seller will pay fees for title searches prior to closing, including tax search and
99 lien search fees, and Buyer will pay fees for title searches after closing (if any), title examination fees and closing fees.
100 (d) Prorations: The following items will be made current and prorated as of the day before Closing Date: reai estate taxes,
101 interest, bonds, assessments, leases and other Property expenses and revenues. If taxes and assessments for the current
102 year cannot be determined, the previous year's rates Will be used with adjustment for any exemptions. PROPERTY TAX
103 DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT PROPERTY TAXES AS THE
104 AMOUNT OF PROPERTY TAXES THAT BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO
105 PURCHASE, A CHANGE OF OWNERSHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE
106 PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY OUESTIONS CONCERNING
10- VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER'S OFFICE FOR FURTHER INFORMATION,
108 (e) Special Assessment by Public Body: Regarding special assessments imposed by a public body, Seller will pay (i) the full
109 amount of liens that are certified, confirmed and ratified before closing and (ii) the amount of the last estimate of the assessment
110' Suyer L-J L-J and Seller L-J L-J acknowledge receipt of a copy ot this page, which is Page 2 of 7 Pages,
IIAC"9 Rev. 4/07 @ 2007 Florida Association of REALTORS" All Rights Reserved
,,; if an improvement is substantially completed as of Effective Date but has not resulted in a lien before closing, and Buyer will pay
112' all other amounts, If special assessments may be paid in installments :.J Buyer Q Seller (if left blank, Buyer) shall pay Installments
'13 due affer closing, If Seller is checked, Seller will pay the assessment in full prior to or at the time of closing. Public body does
114 not include a Homeowner Association or Condominium Association.
115 (I) Tax Withholdin9: If Seller is a "foreign person" as defined by FIRPTA, Section 1445 of the intemal Revenue Code
116 requires Buyer to withhold 10% of the amount realized by the Seller on the transfer and remit the withheld amount to the
117 Internal Revenue Service (IRS) unless an exemption applies. The primary exemptions are (1) Seller prOVides Buyer with an
118 affidavit that Seller is not a "foreign person", (2) Seller provides Buyer with a Withholding Certificate providing for reduced or
119 eliminated withholding, or (3) the gross sales price is $300,000 or less, Buyer IS an individual who purchases the Property to
120 use as a residence, and Buyer or a member of Buyer's family has de1inite plans to reside at the Property for at least 50% of
121 the number of days the Property is in use during each of the first two 12 month periods after transfer, The IRS requires Buyer
122 and Seller to have a U,S. federal taxpayer identi1ication number ("TIN"), Buyer and Seller agree to execute and deliver as
123 directed any instrument, affidavit or statement reasonably necessary to comply with FIRPTA requirements including applying
124 for a TIN within 3 days from Effective Date and delivering their respective TIN or Social Security numbers to the Closing Agent.
126 If Seller applies for a withholding certi1icate but the application is still pending as of closing, Buyer will place the 10% tax in
126 escrow at Seller's expense to be disbursed in accordance with the final determination of the IRS, provided Seller so requests
127 and gives Buyer notice of the pending application in accordance with Section 1445. If Buyer does not pay sufficient cash at
128 closing to meet the withholding requirement, Seller Will deliver to Buyer at clOSing the additional cash necessary to satisfy the
12', requirement. Buyer will timely disburse the funds to the IRS and provide Seller with copies of the tax forms and receipts.
130 (9) 1031 Exchange: If either Seller or Buyer wishes to enter into a like-kind exchange (either simultaneously with closing or
131 after) under Section 1031 of the Intemal Revenue Code ("Exchange"), the other party will cooperate in all reasonable respects
13? to effectuate the Exchange including executing documents; provided, however, that the cooperating party will incur no liability
133 or cost related to the Exchange and that the closing shall not be contingent upon, extended or delayed by the Exchange,
134 PROPERTY CONDITION
135 6, LAND USE: Seller will deliver the Property to Buyer at the time agreed in its present "as is" condition, with conditions
136 resulting from Buyer's Inspections and casualty damage, if any, excepted. Seller will maintain the landscaping and
137 grounds in a comparable condition and will not engage in or permit any activity that would materially alter the Property's
138 condition without the Buyer's prior written consent.
139 (a) Flood Zone: Buyer is advised to verify by survey, with the lender and with appropriate govemment agencies which
140 flood zone the Property is In, whether flood insurance is required and what restrictions apply to improving the Property and
141 rebuilding in the event of casualty.
142 (b) Government Regulation: Buyer is advised that changes in government regulations and levels of service which
143 affect Buyer's intended use of the Property will not be grounds for canceling this Contract if the Feasibility Study
144 Period has expired or if Buyer has checked choice (c)(2) below,
145 (c) Inspections: (check (1) or (2) below)
146' <II (1) Feasibility Study: Buyer will, at Buyer's expense and within ~_ days from Effective Date ('Feasibility Study
147' Period"), determine whether the Property is suitable, in Buyer's sole and absolute discretion, for RESIDENTIAL
148' LAND BANK use. During the Feasibility Study Period, Buyer may conduct a Phase I environmental
149 assessment and any other tests, analyses, surveys and investigations ('Inspections') that Buyer deems necessary to
150 determine to Buyer's satisfaction the Property's engineering, architectural and environmental properties; zoning and
151 zoning restrictions; subdivision statutes; soil and grade: availability of access to public roads, water, and other utilities;
152 consistency with local, state and regional growth management plans; availability of permits, govemment approvals, and
153 licenses; and other Inspections that Buyer deems appropriate to determine the Property's suitability for the Buyer's
154 intended use. If the Property must be rezoned, Buyer wiil obtain the rezoning from the appropriate government agencies,
155 Seller will sign all documents Buyer is required to file in connection with development or rezoning approvals,
150 Seller gives Buyer, its agents, contractors and assigns, the right to enter the Property at any time during the Feasibility
157 Study Period for the purpose of conducting Inspections; provided, however, that Buyer, its agents, contractors and
158 assigns enter the Property and conduct Inspections at their own risk. Buyer will indemnify and hold Seller harmless
159 from losses, damages, costs, claims and expenses of any nature, including attorneys' fees, expenses and liability
160 incurred in application for rezoning or related proceedings, and from liability to any person, arising from the conduct of
161 any and all Inspections or any work authorized by Buyer, Buyer will not engage in any activity that could result in a
162 construction lien being filed against the Property without Seller's prior written consent. If this transaction does not
163 close, Buyer will, at Buyer's expense, (1) repair ail damages to the Property resulting from the Inspections and
'54 retum the Property to the condition it was in prior to conduct of the Inspections, and (2) release to Seller all reports
16b and other work generated as a result of the Inspections.
166 Buyer will deliver written notice to Seller prior to the expiration of the Feasiblilty Study Period of Buyer's
167 determination of whether or not the Property is acceptable. Buyer's failure to comply with this notice requirement
108 will constitute acceptance of the Property as SUitable for Buyer's intended use in its "as IS" condition. If the Property
169 is unacceptable to Buyer and written notice of thiS fact is timeiy delivered to Seller, this Contract will be deemed
170 terminated as of the day affer the Feasibility Study period ends and Buyer's deposit(s) will be retumed after Escrow
171 Agent receives proper authorization from all interested parties.
172' 0 (2) No Feasibility Study: Buyer is satisfied that the Property is SUitable for Buyer's purposes, including being
173 satisfied that either publiC sewerage and water are available to the Property or the Property Will be approved for the
174 Buyer L-J L-J and Seller L-J L-J acknowledge receipt of a copy of this page, which is Page 3 of 7 Pages.
VA,C-9 Rev. 4/07 @ 2007 Florida Association of REAllORS'" All Rights Reserved
17' installation of a well and/or private sewerage disposal system and that existing zoning and other pertinent regulations
176 and restrictions, such as subdivision or deed restrictions, concurrency, growth management and environmental
1 i7 conditions, are acceptable to Buyer, This Contract is not contingent on Buyer conducting any further investigations,
17R (d) Subdivided Lands: If this Contract is for the purchase of subdivided lands, defined by Florida Law as "(a) Any
179 contiguous land which is divided or IS proposed to be divided for the purpose of disposition into 50 or more lots,
18G parcels, units, or interests; or (b) Any land, whether contiguous or not, which is divided or proposed to be divided into
181 50 or more lots, parcels, units, or interests which are offered as a part of a common promotional plan.", Buyer may
182 cancel this Contract for any reason whatsoever for a period of 7 business days from the date on which Buyer executes
183 this Contract. If Buyer elects to cancel within the period provided, all funds or other property paid by Buyer will be
184 refunded without penalty or obligation within 20 days of the receipt of the notice of cancellation by the developer,
185 7, RISK OF LOSS; EMINENT DOMAIN: If any portion of the Property is materially damaged by casualty before closing,
186 or Seller negotiates with a govemmental authority to transfer all or part of the Property in lieu of eminent domain proceedings,
187 or if an eminent domain proceeding is initiated, Seller will promptly inform Buyer, Either party may cancel this Contract
188 by written notice to the other within 10 days from Buyer's receipt of Seller's notification, failing which Buyer will close in
189 accordance with this Contract and receive all payments made by the government authority or insurance company, if any.
190 TITLE
191 8, TITLE: Seller will convey marketable title to the Property by statutory warranty deed or trustee, personal representative
19' or guardian deed as appropriate to Seller's status.
193 (a) Title Evidence: Title evidence will show legal access to the Property and marketable title of record in Seller in
194 accordance with current title standards adopted by the Florida Bar, subject only to the following title exceplions, none of
195' which prevent Buyer's intended use of the Property as RESIDENTIAL LAND BANK : covenants, easements and
196 restrictions of record; matters of plat; existing zoning and government regulations; oil, gas and mineral rights of record if
197 there is no right of entry; current taxes; mortgages that Buyer will assume; and encumbrances that Seller will discharge at
193 or before closing, Seller will deliver to Buyer Seller's choice of one of the following types of title evidence,
199 which must be generally accepted in the county where the Property is located (specify in Paragraph 5(c) the selected
200 type), Seller will use option (1) in Palm Beach County and option (2) in Miami"Dade County,
20, (1) A title insurance commitment issued by a Florida-licensed title insurer in the amount of the purchase price and
202 subject only to title exceptions set forth in this Contract and delivered no later than 2 days before Closing Date,
203 (2) An existing abstract of title from a reputable and existing abstract firm (IT firm is not existing, then abstract must be
204 certified as correct by an existing firm) purporting to be an accurate synopsis of the instruments affecting title to the
205 Property recorded in the public records of the county where the Property is located and certified to Effective Date,
200 However IT such an abstract is not available to Seller, then a prior owner's title policy acceptable to the proposed insurer
207 as a base for reissuance of coverage, Seller will pay for copies of all policy exceptions and an update in a format
208 acceptable to Buyer's closing agent from the policy effective date and certified to Buyer or Buyer's clOSing agent,
709 together with copies of all documents recited in the prior poiicy and in the update. If a prior policy is not available to
210 Seller then (1) above will be the title evidence. Title evidence will be delivered no later than 10 days before Closing Date.
211 (b) Title Examination: Buyer will examine the titie evidence and deliver written notice to Seller, within 5 days from receipt
212 of title eVidence but no later than Closing Date, of any defects that make the title unmarketable. Seller Will have 30 days
213 from receipt of Buyer's notice of defects ("Curative Period") to cure the defects at Seller's expense. If Seller cures the
214 defects within the Curative Period, Seller will deliver written notice to Buyer and the parties will close the transaction on
215 Closing Date or within 10 days from Buyer's receipt of Seller's notice if Closing Date has passed, If Seller is unable to
216 cure the defects Within the Curative Period, Seller will deliver written notice to Buyer and Buyer will, within 10 days from
217 receipt of Seller's notice, either cancel this Contract or accept title with existing defects and close the transaction.
218 (c) Survey: Buyer may, prior to Closing Date and at Buyer's expense, have the Property surveyed and deliver written
m notice to Seller, within 5 days from receipt of survey but no later than 5 days prior to closing, of any encroachments on
22C the Property, encroachments by the Property's improvements on other lands or deed restriction or zoning violations. Any
221 such encroachment or violation will be treated in the same manner as a title defect and Buyer's and Seller's obligations
222 will be determined in accordance with subparagraph (b) above.
223 (d) Coastal Construction Control Line: If any part of the Property lies seaward of the coastal construction control line as
22' defined in Section 161.053 of the Florida Statutes, Seller shall provide Buyer with an affidavit or survey as recuired by law
22' delineating the line's location on the Property, unless Buyer waives this requirement in writing. The Property being purchased
?'" may be subject to coastal erosion and to federal, state, or local regulations that govem coastal property, including delineation
2T of the coastal construction control line, rigid coastal protection structures, beach nourishment, and the protection of marine
228 turtles. Additional information can be obtained from the Florida Department of Environmental Protection, including whether
229 there are significant erosion conditions associated with the shoreline of the Property being purchased.
230' '..:I Buyer waives the right to receive a CCCL affidaVit or survey.
231 MISCELLANEOUS
232 9, EFFECTIVE DATE; TIME; FORCE MAJEURE:
233 (a) Effect"" Date: The "Effective Date" of this Contract is the date on which the last of the parties initials or signs and
234 delivers final offer or counteroffer. Time is of the essence for all provisions of this Contract.
23b (b) Time: All time periodS expressed as days will be computed in business days (a "business day" is every calendar day
736 except Saturday, Sunday and nationai legal holidays). If any deadline falls on a Saturday, Sunday or national iegal
237' Buyer L.....I L.....) and Seller L-J (~~) aCknowledge receipt of a copy of this page, which is Page 4 of 7 Pages.
VAC-9 Rev, 4107 @ 2007 Florida Association 01 REALlcns'" All Rights Reserved
238 holiday, performance will be due the next business day. All time periods will end at 5:00 p.m, local time (meaning in the
239 county where the Property is located) of the appropriate day,
240 (c) Force Majeure: Buyer or Seller shall not be required to perform any obligation under this Contract or be liable to
241 each other for damages so long as the performance or non-performance of the obligation is delayed, caused or prevented
242 by an act of God or force majeure. An "act of God" or "force majeure" is defined as hurricanes, earthquakes, ftoods, fire,
243 unusual transportation delays, wars, Insurrections and any other cause not reasonably within the control of the Buyer or
244 Seller and which by the exercise of due diligence the non-performing party is unable in whole or in part to prevent or
2" overcome. All time periods, including Closing Date, will be extended (not to exceed 30 days) for the period that the force
246 majeure or act of God is in place. In the event that such 'act of God" or "force majeure" event continues beyond the 30
247 days in this sub-paragraph, either party may cancel the Contract by delivering written notice to the other and Buyer's
248 deposit shall be refunded.
249 10, NOTICES: All notices shall be In writing and will be delivered to the parties and Broker by mail, personal delivery or
250 electronic media. Buyer's failure to deliver timely written notice to Seller, when such notice is required by this Contract,
251 regarding any contingencies will render that contingency null and void and the Contract will be construed as if the
252 contingency did not exist. Any notice, document or item delivered to or received by an attorney or licensee Qncluding a
253 transaction broker) representing a party will be as effective as if delivered to or by that party,
054 11, COMPLETE AGREEMENT: This Contract is the entire agreement between Buyer and Seller, Except for brokerage
255 agreements, no prior or present agreements will bind Buyer, Seller or Broker unless incorporated into this Contract.
256 Modifications of this Contract Will not be binding unless in wnting, signed or initialed and delivered by the party to be bound.
25i This Contract, signatures, initials, documents referenced in this Contract, counterparts and written modifications
258 communicated electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten
259 or typewritten terms inserted in or attached to this Contract prevail over preprinted terms, If any provision of this Contract is or
260 becomes invalid or unenforceable, all remaining provisions will continue to be fully effectIVe, Buyer and Seller will use diligence
261 and good faith in performing all obligations under this Contract. This Contract will not be recorded in any public records.
262 12, ASSIGNABILITY; PERSONS BOUND: Buyer may not assign this Contract without Seller's written consent. The terms
263 'Buyer," "Seller," and "Broker" may be singular or plural. This Contract is binding on the heirs, administrators, executors,
264 personal representatives and assigns (if permitted) of Buyer, Seller and Broker.
265 DEFAULT AND DISPUTE RESOLUTION
266 13, DEFAULT: (a) Seller Default: If for any reason other than failure of Seller to make Seller's title marketable affer diligent effort,
267 Seller fails, refuses or neglects to perform thiS Contract, Buyer may choose to receive a return of Buyer's deposit without
263 waiving the right to seek damages or to seek specific performance as per Paragraph 14, Seller will also be liable to Broker for
26C the full amount of the brokerage fee, (b) Buyer Default: If Buyer fails to perform this Contract within the time specified, including
270 timely payment of all deposits, Seller may choose to retain and collect all deposits paid and agreed to be paid as liquidated
271 damages or to seek specific performance as per Paragraph 14; and Broker will, upon demand, receive 50% of all deposits
m p3id and agreed to be paid (to be split equally among Brokers) up to the full amount of the brokerage fee,
273 14, DISPUTE RESOLUTION: This Contract will be construed under Rorida law All controversies, claims, and other matters in
274 '1uestion ansing out of or relating to this transaction or this Contract or its breach will be settled as follows:
275 (a) Disputes concernin9 entitlement to deposits made and agreed to be made: Buyer and Seller will have 30 days from
276 the date conflicting demands are made to attempt to resolve the dispute through mediation, If that fails, Escrow Agent
271 will submit the dispute, if so required by Flonda law, to Escrow Agent's choice of arbitration, a Florida court or the
278 Florida Real Estate CommiSSion ("FREC"). Buyer and Seller will be bound by any resulting award, judgment or order. A
279 broker's obligation under Chapter 475, FS and the FREC rules to timely notify the FREC of an escrow dispute and timely
280 resolve the escrow dispute through mediation, arbitration, interpleader, or an escrow disbursement order, if the broker so
281 chooses, applies only to brokers and does not apply to title companies, attomeys or other escrow companies.
282 (b) All other disputes: Buyer and Seller will have 30 days from the date a dispute arises between them to attempt to
283 resolve the matter through mediation, failing which the parties will resolve the dispute through neutral binding
284 arbitration in the county where the Property is located. The arbitrator may not alter the Contract terms or award any
285 remedy not proVided for in this Contract. The award will be based on the greater weight of the evidence and will
286 state findings of fact and the contractual authority on which it is based. If the parties agree to use discovery, it will
287 be in accordance With the Florida Rules of Civil Procedure and the arbitrator will resolve all discovery-related
288 disputes. Any disputes with a real estate licensee named in Paragraph 17 will be submitted to arbitration only if the
289 licensee's broker consents in writing to become a party to the proceeding. This clause will survive closing.
290 (c) Mediation and Arbitration; Expenses: 'Mediation" is a process in wllich parties attempt to resolve a dispute by
291 submitting IT to an impartial mediator who facilitates the resolution of the dispute but who is not empowered to impose a
292 settlement on the parties. Mediation will be in accordance with the rules of the American Arbitration Association ("AAp,") or
29C, other mediator agreed on by the parties, The parties will equally divide the mediation fee, if any. "Arbitration" is a process in
294 which the parties resolve a dispute by a hearing before a neutral person who decides the matter and whose decision is
290 binding on the parties. Arbitration will be in accordance with the rules of the AAA or other arbitrator agreed on by the parties,
29f, Each party to any arbitration will pay Its own fees, costs and expenses, Including attomeys' fees, and will equally split the
297 arbitrators' fees and administrative fees of arbitration. In a civil action to enforce an arbitration award, the prevailing party to the
298 arbitration shall be entitled to recover from the nonprevailing party reasonable attorneys' fees, costs and expenses.
299' Buyer L-J L-J and Seller L-J L-J acknowledge receipt of a copy of this page, which is Page 5 of 7 Pages.
VAC-9 Rev. 4/07 @ 2007 Florida Association of REALTORS'" All Rights Reserved
300 ESCROW AGENT AND BROKER
301 15, ESCROW AGENT: Buyer and Seller authorize Escrow Agent to receive, deposit and hold funds and other items in
302 escrow and, subject to clearance, disburse them upon proper authorization and in accordance with Florida law and the terms
303 of this Contract, including disbursing brokerage fees, The parties agree that Escrow Agent will not be liable to any person for
304 misdelivery of escrowed items to Buyer or Seller, unless the misdelivery is due to Escrow Agent's willful breach of this
305 Contract or gross negligence. if Escrow Agent interpleads the SUbject matter of the escrow, Escrow Agent will pay the
306 filing fees and costs from the deposit and Will recover reasonable attorneys' fees and costs to be paid from the
307 escrowed funds or equivalent and charged and awarded as court costs in favor of the prevailing party. All claims
308 against Escrow Agent will be arbitrated, so long as Escrow Agent consents to arbitrate.
309 16, PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to venfy all facts and representations
310 that are important to them and to consult an appropriate professional for legai advice (for example, interpreting contracts,
311 determining the effect of laws on the Property and transaction, status of title, foreign investor reporting requirements, the
312 effect of property lying partially or totally seaward of the Coastal Construction Control Line, etc,) and for tax, property
313 condition, environmental and other specialized advice. Buyer acknowledges that Broker does not reside in the Property
314 and that all representations (oral, written or otherwise) by Broker are based on Seller representations or public records,
315 Buyer agrees to rely solely on Seller, professional inspectors and governmental agencies for verification of the Property
316 condition and facts that materially affect Property value, Buyer and Seller respectively will pay all costs and expenses,
317 Including reasonable attorneys' fees at all levels, incurred by Broker and Broker's officers, directors, agents and employees
318 In connection With or arising from Buyer's or Seller's misstatement or failure to perform contractual obligations, Buyer
319 and Seller hold harmless and release Broker and Broker's officers, directors, agents and employees from all liability for
320 loss or damage based on (1) Buyer's or Seller's misstatement or failure to perform contractual obligations; (2) Broker's
321 performance, at Buyer's and/or Seller's request, of any task beyond the scope of services regulated by Chapter 475,
32;' F.S., as amended, including Broker's referral, recommendation or retention of any vendor: (3) products or services
323 provided by any vendor; and (4) expenses Incurred by any vendor. Buyer and Seller each assume fuil responsibility for
124 selecting and compensating their respective vendors. This paragraph will not relieve Broker of statutory obligations. For
325 purposes of this paragraph, Broker will be treated as a party to this Contract. This paragraph will survive closing.
326 17, BROKERS: The Iicensee(s) and brokerage(s) named below are collectively referred to as "Broker." Instruction to Closing
327 Agent: Seller and Buyer direct closing agent to disburse at closing the full amount of the brokerage fees as specified in
328 separate brokerage agreements with the parties and cooperative agreements between the brokers, except to the extent
329 Broker has retained such fees from the escrowed funds, In the absence of such brokerage agreements, closing agent will
330 disburse brokerage fees as indicated below, This paragraph will not be used to modify any MLS or other offer of
331 'compensation made by Seller or listing broker to cooperating brokers,
332' MARY WILLKOMM
333* Selling Sales Associate/License No.
TO BE PROVIDED
PERFECT PROPERTIES OF NAPLES, INC
Selling Firm/Brokerage Fee: ($ or % of Purchase Price) TaD BY SELLER
334' ROBERT CUCCINELLO
335' LIsting Sales Associate/License No.
3055111
HOMES AND LAND BROKERS,INC
Listing Firm/Brokerage fee: ($ or % of Purchase Price) TaD BY SELLER
336
ADDITIONAL TERMS
337' 18, ADDITIONAL TERMS:
33;J'
339'
340.
341 PROPERTY BEING SOLD AS-IS WHERE IS CONDITION, SELLER WILL NOT MAKE ANY REPAIRS TO
142' THE PROPERTY.
343*
344' LINE 17 -IS REVISED TO REFLECT THAT DEPOSIT SHALL BE PAID WITHIN FIFTEEN (15) DAYS OF
345' EXECUTION BY THE LAST ONE OF THE BUYER AND SELLER TO SIGN, AND ALL REQUIREMENTS
C16' FOR HANDWRITTEN ENTRIES OR INITIALS ON LINES 17 THROUGH 25 ARE WAIVED.
347' LINES 50, 110, 174,237,299, 358, & 399 REQUIRING INITIALS BY BOTH BUYER AND SELLER ARE
348' DELETED IN THEIR ENTIRETY, AND ANY REQUIREMENTS FOR BUYER AND SELLER TO INITIAL ARE
349' WAIVED.
350'
351' LINE 73 - 5. CLOSING PROCEDURE; COSTS: IS REVISED TO REFLECT THAT CLOSING WILL TAKE
352' PLACE AT THE LOCATIONS OF THE SELLER'S TITLE AGENT.
353'
354' LINE 191 - 8. TITLE: IS REVISED TO REFLECT THAT A SPECIAL WARRANTY DEED WILL BE THE ONLY
355' ACCEPTABLE DEED FOR CONVEYANCE OF THE PROPERTY.
356'
357
308' Buyer (-----.J L-----1 and Seller L-----1 L-----1 acknowledge receipt of a copy of this page, which is Page 6 of 7 Pages.
'/AC-9 Rev, 4/07 @ 2007 Florida Association of REALTORS'. All Rights Reserved
359' LINE 201 - 8, TITLE SUBPARAGRAPH (1) IS REVISED TO REFLECT A COPY OF THE TITLE INSURANCE
360' COMMITMENT SHALL BE DELIVERED TWO (2) WEEKS BEFORE THE CLOSING DATE.
361'
362' LINE 333 IS REVISED TO REFLECT THAT SELLING SALES ASSOCIATE/LICENSE NO. WILL BE PRO-
363' VIDEO TO SELLER BY THE AGENT, AND ANY REQUIREMENT FOR HANDWRITTEN ENTRY OR
364' INTIALS IS WAIVED, SELLING FIRM/BROKERAGE FEE WILL NEED TO BE PROVIDED BY THE SELLER
365' AND ANY REQUIREMENT FOR HANDWRITTEN ENTRY OR INITALS IS WAIVED; AND LISTING FIRM/
366' BROKERAGE FEE WILL BE PROVIDED BY SELLER AND ANY REQUIREMENT FOR HANDWRITTEN
367' ENTRY OR INITIALS IS WAIVED,
368"
369' LINE 386- THE NOTATION IN BUYER'S SIGNATURE BLOCK THAT READS "SEE ATTACHED SUBSTITUTE
370' SIGNATURE PAGE" IS ACCEPTABLE, AND ANY REQUIREMENTS FOR INITIALS ARE WAIVED,
371'
372' LINES 394 THROUGH 397 ARE TO BE COMPLETED BY SELLER OR SELLER'S AGENT AND ANY
373' REQUIREMENT FOR HANDWRITTEN ENTRIES OR INITIALS ARE WAIVED.
374'
3/5'
376 This is intended to be a legally binding contract. If not fully understood, seek the advice of an attomey prior to signing,
377 OFFER AND ACCEPTANCE
37F' (Check if applicable: 0 Buyer received a written real property disclosure statement from Seller before making this Offer.)
379 Buyer offers to purchase the Property on the above terms and conditions, Unless this Contract is signed by Seller and a
380' copy delivered to Buyer no later than 5:00 0 a,m. III p,m, on FEBRUARY 8 ,2010 , this offer will be
38' revoked and Buyer's deposit refunded subject to clearance of funds.
382 COUNTER OFFER! REJECTION
383' 0 Seller counters Buyer's offer (to accept the counter offer, Buyer must sign or initial the counter offered terms and deliver a
384 copy of the acceptance to Seller, Unless otherwise stated, the time for acceptance of any counteroffers shall be 2 days from
385' the date the counter is delivered. IJ Seller rejects Buyer's offer.
386' Date:
38r
Buyer:
Print name: '''SEE ATTACHED SUBSTITUTE SIGNATURE PAGE'"
388" Date:
389' Phone:
390' Fax:
391' E~mail:
Buyer:
Print name:
Address:
392.' Date:
393
Seller:
Print name: _STATES RESOURCES CORP.
39": Date:
395' Phone:
396' Fax:
391" E-mail:
Seller:
Print name:
Address:
398' Effective Date: ____ _~_ (The date on which the last party signed or initialed and delivered the final offer or counteroffer.)
399' Buyer (-----! L-J and Seller L-J L-) acknowledge receipt of a copy of thiS page, which is Page 7 of 7 Pages,
The Florida Association of REALTORS and local BoardIAssociation of REALTOAS make no representation as to the legal validity or adequacy of any provision of this form in any specifIC
tr:msaction. This standardized form should not be used in complex transactions or with extensive riders or additions. This form is avaWable for use by the entire real estate industry
and is not intended to identify the user as a REAl-TOR. REALTOR is a registet'9d collective membership marit that may be used only by real estate licensees who are members of the
National Association of REALTORS and who subscribe to its Code of Ethics.
The co~t laws of the Urited States (17 U.S. Code) forbid the unauthorizoo rfl)rcx1Jction of blank loons by <:lily mf'.ans inauditg facsmile or computerized fom1S
',IA.C.g Rev. 4/07 @ 2007 Florida Association of RrALTOns'" All Rights Res8r\1ed
NEIGHBORHOOD STABILIZATION PROGRAM
Property Address; VACANT LAND - No Site Address, Dominion Drive, Naples, FL 34112
Folio Number: 22624480107
Legal: Lot 20, Block 6, Avalon Estates, Unit No, 1, according to the map of the plat thereof as recorded in
Plat Book 3, Page 62, Public Records of Collier County, FL
SUBSTITUTE EXECUTION PAGE
Date Property acquisition approved by BCC: October 27,2009, Item 1608
AS TO BUYER:
DATED:.fclJvvdnf .~12..010
ATTEST: _
DWIGHT E, BROCK; Clerk
,: ,Qe
Attest as w CIlI1
"lIItturt ..11.
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
BY: "jt t~ Lv. C,r~'Y~\.z
Fred W, Coyle, Chairman)
Approved as to form and
legal sufficiency:
~~.~
Jennl er B, White
Assistant County Attorney
~jetails
Page 1 of 1
tc:I:l:mlI
Property Record
Aerial
Sketches
Trim Notices
I
&j
#,
8J
Parcel No,I122624480107
Current Ownership
Property Addressl NO SITE ADDRESS
1
10
Owner Name STATES RESOURCES CORP
Addresses 4848 S 131 ST ST
City OMAHA State II NE
zipll68137 - 1822
Legalll AVALON EST UNIT 1 BLK 6 LOT 20
Section Township Ran e Acres
, 13 50 25 0,14
Sub No, 173200 II AVALON ESTATES UNIT 1
.i~ Use Coc;lf;! II VACANT RESIDENTIAL
Map No,
5A13
Strap No,
1732006205A13
Il~ Millaae Areall..i~Millage II Total IISChOOl1
II 279 II 6,6133 II 11,8523 115239 I
I.See1nstryctiQH& for Ca.lcul.ations I
2009 Final Tax Roll
(Subject to Change)
Latest Sales History
If all Values shown below equal 0 this
parcel was created after the Final Tax Roll
I Land Value II $ 57,960.00 I
: (+) Improved Value II $ 0,00 I
I (=) Just Value II $ 57,960,00 I
I H SOH Exempt Value & Other Exemptions II $ 0.00 I
I (=) Assessed Value II $ 57,960,00 I
(-) Homestead and other Exempt Value $ 0.00
(=) Taxable Value $ 57,960,00
. (=) School Taxable Value (Used for School Taxes) 57,960.00
. ;OH - "Save Our Homes" exempt value due to cap on assessment
'ncreases
Book - Page
4502 - 1071
Amount
$ 300,00
tc:I:l:mlI
The Information is Updated Weekly.
I.: ip://www.collierappraiser.comlRecordDetail.asp?Map=&F 01 jolD=0000022624480 1 07
1/25/2010
Print Map
Page 1 of 1
SI'fftfoUIlIfl
P~rcel.
Suc.dl,'lIlons
AlI1l.lsZOO'I[f1hlCtl Ufb.lnJ
At""41'J ZOO9\ZfI:.ET]
Budding footp"nls
Cull,,,", County
Folio Number: 22624480107
Name: STATES RESOURCES CORP
Street# & Name; NO SITE ADDRESS
Legal Description: AVALON EST
UNIT 1 BlK 6 LOT 20
@2004. Collier County Propert'y Appra,ser. V'Vnile the Collier County Property Appraiser is rommltled to providing the most accurate and up-to-dale information. no warranties expressed or implied are provided
for the data herein, its use. or its interpretation
http://rnaps,collierappr~iser ,comJweb..rn!E!~apprint.aspx?title=&orie~t.=LANDSCAPE&pa",
1/25/2010
Details
.~
Property Record
Aerial
Sketches
~
Parcel No,I1226244801 07
Current Ownership
Property Addressll NO SITE ADDRESS
Owner Namell STATES RESOURCES CORP
Addressesl14848 S 131 ST ST
Cltyll OMAHA II State II NE
Legalll A V ALON EST UNIT 1 BLK 6 LOT 20
I Section Township Range Acres
:
, 13 50 25 0,14
Sub No, 173200 I AVALON ESTATES UNIT 1
'" UIQ CQ.~ I VACANT RESIDENTIAL
2009 Final Tax Roll
(Subject to Change)
If all Values shown below equal 0 this
parcel was created after the Final Tax Roll
! Land Value II $ 57,960,00 II Date
i (+) Improved Value II $ 0,00 1110/2009
(=) Just Value I $ 57,960,00 I
, H SOH Exempt Value & Other Exemptions I $ 0.00 I
(=) Assessed Value $ 57,960,00
(-) Homestead and other Exempt Value $ 0,00
I (=) Taxable Value II $ 57,960,00 I
I (=) School Taxable Value (Used for School Taxes) II $ 57,960.00 I
SOH = "Save Our Homes" exempt value due to cap on assessment
Increases.
.~
The Information is Updated Weekly
Page 1 of 1
Trim Notices
I
~
ZiPl168137 -1822
Ma No,
5A13
Stra No.
173200 6 205A 13
~ MiIJ!W.t.Area I .':;MiII!W.@ II Total IISchOOl1
279 I 66133 1111,8523 I~
I"see Instructions for Calcul~lior]s I
Latest Sales History
Book. Page
4502 - 1071
Amount I
$ 300,00 1
http://www,collierappraiseLcom/RecordDetai l,asp?Map=&F olio! Dc~0000022624480 1 07
1/13/2010
Print Map
Page 1 of 1
SIIMtN_
Pa<caols
S"bdlylslons
A~IJlISlOO9I61"(l\Urt)""1
1\"",..111 200'1l 12 FEETI
BUildl,lgfO(>tp,mtll
Collil'" County
Folio Number: 22624480107
Name: STATES RESOURCES CORP
Street#: & Name: NO SITE ADDRESS
Legal Description: AVALON EST
UNIT 1 BlK 6 LOT 20
@2004. Collier County Property Appraiser, While the Collier County Property Appraiser is committed to providing the most accurate and up.to-date Information, no warranties expressed or Implied are provided
forthedataherein,itsuse,oritsinlerprela!'on
http://maps,collierappraiser.com/webmap/mapprint.aspx?title~&orient~ LAN DSCAPE&pa.., 1/13/2010
www,sunbiz,org - Department of State
Page 1 of2
I Previous on List
I
No Events
Next on List Return To List
IEntity Name Search
Submit I
No Name History
Detail by Entity Name
Foreign Profit Corporation
STATES RESOURCES CORP.
Filing Information
Document Number F01000005571
, FEIIEIN Number 470788551
I Date Flied 10/25/2001
i State IA
I Status ACTIVE
Principal Address
4848 S 131ST
OMAHA NE 68137
~ailing Address
1848 s. 131ST
I ~)MAHA NE 68137
I Registered Agent Name & Address
I EDDY, ROBERT K ESQ
808 W DELEON STREET
T Il,MPA FL 33606 US
Name Changed: 10/06/2006
Address Changed: 10/06/2006
Officer/Director Detail
I Name & Address
, Title VST
I
I VARDAMAN, BLAKE
14848 S 131ST ST
OMAHA NE 68137
TitieCD
VARDAMAN, RANDAL
4848 S 131ST ST
OMAHA NE 68137
Title P
DOUGLAS, GLENN
4848 S 131ST ST
I OMAHA NE 68137
I Annual Reports
http://www,sunbiz,org/scripts/cordet.exe?action=DETF1L&in~ doc_number= FO 1 0000055.., 1/13/2010
,vww,sunbiz,org - Department of State
Report Year Filed Date
2008 04/21/2008
2009 01/12/2009
2010 01/05/2010
Document Images
':,1i()5,2i)10 -- ;\NNU.\L RL~PI)RT
')1/12'2ul)C) /-\~mU,\1 i~)I:!)I'JRT
("j4i:~1/21108 --/\NNIj/.,I_ i::;:EP'V<T
.)7/11/2007-- 1~,r'JNUAl_ REPORT
10/06/2006 -- R"g f\.gent Change
03/20/2006 -- ANNUAL REPORT
03/21/2005 -- ANNUAL REPORT
03/18/2004 -- ANNUAL REloORT
03/25i2003 -- ANNUAL REPORT
09/16/2002.. RFINSTATFMENT
10/25/2001 F nrl;lgn Pr'Jflt
Page 2 of2
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; 1 Note: This is not official record. See documents if question or conflict.
! PX(;tyJQ.Ys on List
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l
No Name History
Ne~t on '-is! Return To List
!Entity Name Search
Submit I
1,.,-,'
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&in~doc_number=FOI0000055...III3/20 10
... PJSTR 4354110 OR 4502 PG 1071 RECORDED 10/21/2009 10:59 AM PAGES 1 ...
DWIGHT E. BROCK, COLLIER COUNTY CLERK OF THE CIRCUIT COURT
DOC@,70 $2,10 REC $10,00
mNS $300,00
,,\
.
.
fN THE CIRCUIT COURT OF THE TWENTIETH JUDICIAL CIRCUIT IN AND FOR
COLLIER COUNTY, FLORIDA
STATES RESOURCES CORP"
Plaintiff(s)
Vs,
CASE NO, 08-8397-CA-Ol
CALIXTO MONTENEGRO,
Defendant(s)
CERT F ITLE
The undersigned, DWIGHT E, BRC}e \I' .~' '~~urt, certifies that he executed
and filed a Certificate of Sale inthf~. non Septemo ~,j:U.09, for the property described
herein, and that no objections tJ1/th~sll~e have been filed wi 'n t~ time allowed for filing
objections, The following pr?l'eryt il\j;;Q,TIie~~~i(\lorida\\ '\
Parcell: Lot I and that port.! n ' tea ea' s' . es lution No, 96-139 in O,R,
Book 2315, Page 1575, andTR... ,.11 d t" I; ;~tr'i' No.7. =oroi" '0 ili,
map or plat thereof as recor~~~ 0, ;~~~~ecords of Collier County,
Florida, \~.~ _\! ;' ,""
~parceI2: Lot 20, Block 6, Ava;~E.. es, Unit.No, l..::~;~%the map or plat thereof as
recorded in Plat Book 3, Page(s) 62:..~,oli' Etc~r9_~_Il~#County, Florida,
",,1/ f (\ \Z~:>:/
Parcel 3: Lot IS, Block 244, Golden Gate:trmt-Nrr:7;according to the map or plat thereof as
recorded in Plat Book 5, Page(s) 135, Public Records of Collier County, Florida,
was sold to
STATES RESOURCES CORP"
4848 S, 131" Omaha, NE 6813 7,
Bid Amount:$300,OO
WITNESS my hand and seal of the court on October 13,2009,
DWIGHT E, BROCK,
Clerk of the Circuit Court
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:;tates Resources Corp - Omaha, Nebraska (NE) I Company Profile
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States Resources Corp
";liw"Y"UI ,:ulllp;my','
4HIH3 S LJ1st St
(1mahd, r~F 6813/ 1.':;/)
Ci'iHI1 rh,sl'rdil"
Phone:
(.10)) H9~r)nb
Website: \N'.vwgo4st.]tf.>s ('orn'
Ads I)y Google
f\'t~$sj",,_eJ~QJQ t9i1TI\'ltiQ[1 A little Known Mining (,'OinPdny Has Discovered Something Uig New Rpt
Corp Nevgdg - Free Bk ~trClterjl(>S, Seuds, FAQ. Pe!ic~ble, SIIl!:e 1989_ JOk corp<; torll1ed
3 Top Gold Investments J [,bY 'ili1y~; L) PIOllt irUIIl Cole! '; P,I"',,' ',,-/,t'loul f-llIYillC) 1)lll' ()Urld'
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States Resources Corp Business Information (Jdl'l1 tl1l5 I'roflle
StMes Resources Corp is a private company categorized unde,' Loan Agent'> ancl located In
Omaha, NL Our records show It WdS e5tabji',heeJ in 199':-," ilr1d ,ncorporated In Iowa", Current
estimates show this company has an annual revenue of 'liS to 10 mdlioll and employs a staff of
c'\pprOXlIllately 20 to 49
Also Does Business As
Infonlldtloll nol fOUIl(j ()
HQ, Branch or Single Location
SIIH]le LOCdtlOIl
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SIC Code and Description
Products, Services and Brands
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6;> 1 1 ;:)'" II; ",'-,tlll",,1 ~;"':'Ir: ii
NArcs Code and Description
State of Incorporation
\} :i I J C ~ '1 'if' <,r"'("I'1 1],'; f' k u-,q 1\ ".';ec II ,-,1"'><;
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http://www.manta.com/c/mmfmzwg/states-resources-corp
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Do you
own the
company
States
Resources
Corp?
If so,
you need to
know your
business credit
score now!
States Resources Corp
Omaha
IIl!lD:EI
s
,
Related Linkli
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,;tates Resources Corp - Omaha, Nebraska (NEl I Company Profile
Page 2 of2
14'
Company Contacts
CorHiKt NJrnc'
'::;C~l':kl t,~c" Info
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http://www.manta.com/c/mmfmzwg/states-resources-corp
1/13/2010
BigelowGary
From:
Sen.t:
To:
Cc:
Subject:
BigelowGary
Tuesday, January 26, 2010 10:47 AM
maryw@perfectnaples.com; 'perfectnaples@aol.com'
mott_t; RussellHans
OFFER - Dominion Drive 34112 - No Site Address
Importance:
High
~,'
~~
.....
NSP-PROOF OF
fUNDING, pdf
~
Substitute W-g
form ~ County.p...
Mary:
Please accept this as Collier County's Letter of Intent to offer full list price of $14,900 CASH for the vacant
property located on Dominion Drive owned by States Resources Corporation, Please see the attached Proof of
Funding document, Closing shall be March 26, 2010, We prefer no EMD escrow, but if required the EMD
escrow deposit shall be $1,000, We will require any Addenda to the FAR BAR "as is" contract within two days
of acceptance of the offer, I am also attaching a Substitute W-9 Vendor form for the Escrow agent to
complete and return within two days of acceptance of the offer, I will need the Escrow agent's name, address,
and phone number for the FARBAR contract as soon as possible after acceptance, Escrow funds will be paid
within 15 days of acceptance by all parties, If this offer is agreed to, I will prepare the FARBAR "As Is" contract,
and all Addenda for County review and signatures, Please contact me as to the Seller's decision at your
earliest convenience, Thank you very much,
41M"Y 13~. "" \ II
11ror .'1'1 ',\nJ1li~ili\ln ~JH'('i,di"t
(:,llli.',' Cnlltlt\. t;,,\t'J'IWrIlrll
'~::;,-" .::;'~ .g~ I:;{
BigelowGary
From:
Sent:
To:
Subject:
KrumbineMarcy
Tuesday, January 26,20101:48 PM
BigelowGary
RE Multiple Offers - 1/25/2010
Yes, sorry. Email got lost in the sauce,
~1::'ffl"'~
Marcy Krumbine, MPA
Director
Colli8r County
Housing and Human Services
239-252-CARE
239-252-HOME
239-252-8442
239.252-2638 - fax
Sharing heart to heart and home to home..,
From: SigelowGary
Sent: Tuesday, January 26, 2010 1:47 PM
To: KrumbineMarcy
Subject: FW: Multiple Offers - 1/25/2010
Importance: High
Marcy: I'm being pushy, but I need to move on this one, Thanks" @
From: SigelowGary
Sent: Tuesday, January 26,201010:19 AM
To: KrumbineMarcy; RamseyFrank
Cc: motCt; RussellHans; TorresRick; LeonardRoosevelt
SUbject: RE: Multiple Offers - 1/25/2010
Importance: High
Marcy: See No, 5 below, I can submit directly to Broker, not through NSP Resources, NSP Resources wil/ not be
involved. Do you want me to submit a 99% offer?
From: KrumbineMarcy
Sent: Monday, January 25, 2010 12:58 PM
To: BigelowGary; RamseyFrank
Cc: motCt; Russel/Hans; TorresRick; LeonardRoosevelt
Subject: RE: Multiple Offers - 1/25/2010
See below
1K4'Wf 'J::. 'Uw,tilU:
Marcy Krumbine, MPA
Director
Collier Cou nty
Housing and Human Services
239-252-CARE
239-252-HOME
239-252-8442
239-252-2638 - fax
Sharing heart to heart and home to home..,
From: BigelowGary
Sent: Monday, January 25, 2010 12:52. PM
To; KrumbineMarcy; RamseyFrank
Cc: mott_t; RussellHans; TorresRick; LeonardRoosevelt
Subject: Multiple Offers - 1/2.5/2.010
Importance: High
Marcy: Please see the parade of properties inspected last week for your consideration:
1, 5051 27'h PL5W - Vacant Lot 34116 - ves 99%
List: $19,900
Appraised: $17,000
99%: $16,830
No Rehab associated
2, Dominion Drive (No Site Addressl- Vacant Lot 34112 - ves - full list price
List: $14,900
Appraised; $2.1,000
99%: $2.0,790
No Rehab Associated
3, 381 20th 5T NE - 34120 - ves 99%
List; $118,500
Appraised: $98,000
99%: $93,100
Rehab: $15,800
4, 2951 49th 5T 5W 34116 - ves 99%
List; $99,900
Appraised; $94,000
99%: $93,060
Rehab: $31,100
5, 5465 Hunter Blvd 34116 - DUPLEX (NSP Resources Propertv - 3% feel - no
List: Lender Reduction T8D
Appraised: $78,000
99%: $77,2.2.0
Rehab: $58,800
6, 5890 Lancewood Wav 34116 - Bank of America Propertv - 2 Structures (Home & Guest House) - ves $$ tbd
List; Lender Reduction TBD
Appraised: $130,000
99%: $128,700
Rehab: $96,100
2
7, 446022"' Ave NE 34120 - Bank of America Property - ves $$ tbd
List: Lender Reduction TBD
Appraised; $76,000
99%; $75,240
Rehab: $15,350
Thank you!
Gc:uy 13~, J{\\ .,"
Prq~wl't ~\ C1Jll j"j lioll ."iPI,(-idli...,t
Cnl;in (:OlJlIl y (,o\prn,'rrllll
:.::lIJ.'!,')2.f107.1
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,'I''':1r,mr; ITLl!' in tI'l, ~'IlII\'1 ii'S"';'! (;onli1l <fl'" )~ri':': I'y ~l:!";)h,~rh: "rll wl-'!'I':1
3
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<- :QIlf~!: <: :O-unty
'-~n0\'"''''~'-:::';{d':;':''~-'~~X~''''''"'"~''' '~~;z~:.J"'-~."" "_C '-":'{;\:1';\'b~:~Y~~~,:,:.,~",:,..]:~.;;;,.;:;tt<':;j-';'i;"C~$'Jl~. "';:':::~'W:":::";"'.\.:e:5
Memorandum
To:
RPM Team
From:
Roosevelt Leonard
Real Estate Appraiser
Date:
1-25-2010
Here are the individual NSP property addresses for potential purchases, The estimated
market values are as follows:
5051 2ih PL SW
XXX Dominion
381 20th ST NE
2951 49th St SW
5465 Hunter BL
5890 Lancewood WY
4460 22nd Ave NE
estimated value is $17,000 dollars,
estimated value is $21,000 dollars,
estimated value is $98,000 dollars,
estimated value is $94,000 dollars,
estimated value is $78,000 dollars,
estimated value is $130,000 dollars,
estimated value is $76,000 dollars,
mott t
From:
Sent:
To:
Cc:
Subject:
BigelowGary
Tuesday, January 26,201010:47 AM
maryw@perfectnaples,com; 'perfectnaples@aol.com'
mot! t; RussellHans
OFFER - Dominion Drive 34112 - No Site Address
Importance:
High
~
NSp.PROOF OF
F'.JNDING,pdf
'~.'
......
...
Substitute W-9
Forrn - County.p...
Mary:
Ple~se accept this as Collier County's Letter of Intent to offer full list price of $14,900 CASH for the vacant
~roperty located on Dominion Drive owned by States Resources Corporation, Please see the attached Proof of
Funding document, Closing shall be March 26, 2010, We prefer no EMD escrow, but if required the EMD
escrcw deposit shall be $1,000, We will require any Addenda to the FARBAR "as is" contract within two days
of acceptance of the offer. I am also attaching a Substitute W-9 Vendor form for the Escrow agent to
complete and return within two days of acceptance of the offer, I will need the Escrow agent's name, address,
and phone number for the FARBAR contract as soon as possible after acceptance, Escrow funds will be paid
with;r 15 days of acceptance by all parties, If this offer is agreed to, I will prepare the FAR BAR "As Is" contract,
dnd ;ell Addenda for County review and signatures, Please contact me as to the Seller's decision at your
earliEst convenience, Thank you very much,
(jClI,'Y 13Lfjclow, ,,~\ \(
P""I'" I:. .\l'quj~jtjon ~JH'(.jilli~l
(:olh.,: (:"llnlv 1;()\>"l'II.'lIlllt
:! :~'}-~' -, ~ .l:t)7 3
1
.!!!ielowGary
From:
Sent:
To:
Cc:
Subject:
KrumbineMarcy
Monday, February 01, 2010 10:38 AM
BigelowGary
RamseyFrank; motU; RussellHans
Re: Dominion Drive 34112
Ye5, I approve this offer at 99%
Marcy Krumbine
Director
Housing and Human Services
Sent from my Blackberry Wireless
From: BigelowGary
To: KrumbineMarcy
Cc: RamseyFrank; mott_t; RussellHans
Sent: Mon Feb 0110:29:15 2010
Subject: Dominion Drive 34112
Marcy: On 1/25/2010 you approved an offer full list price of $14,900 for the subject parcel. 5ince it was a No
Site Address, we would like to have you re-accept the offer as follows, so that there are no doubts with
Finance that it is the subject parcel if the offer is eventually accepted, and we close, As follows:
Dominion Drive ( No Site Address) Folio No, 22624480107
Legal Description: Lot 20, Block 6, Avalon Estates, Unit No, 1, Plat Bk 3, Page 62,
Ust: S 14,900
Appraised: $21,000
99%: $20,790
No Rehab associated
Thank you,
GCU)I 13[g.e1ow, n\\ \,.
Pr"lwr:y \C1llli,.,il iOll ~1H'\I"II:-"
(.1,111 {~(olIIIL' (;1'., !'l"IWllllll
:!.'\\)-.'.i:?-nn:-:{
BigelowGary
From:
Sent:
To:
.r:c:
Subject:
BigelowGary
Monday, February 01,201010:53 AM
'Mary S Willkomm'
moll t; RussellHans
FW: OFFER - Dominion Drive 34112 - No Site Address
Importance:
High
Mary: I am re-submitting this offer which better details the parcel's identification since there is no street
address, This is to better assist the County if the offer is accepted and we eventually close, As follows:
Please accept this as Collier County's Letter of Intent to offer full list price of $14,900 CASH for the vacant
property located on Dominion Drive, Parcel Folio No, 22624480107, more legally described as Lot 20, Block 6,
Avalon Estates, Unit No, 1, Plat Book 3, Page 62, owned by States Resources Corporation, Please see the
att'ached Proof of Funding document, Closing shall be March 26, 2010, We prefer no EMD escrow, but if
required the EMD escrow deposit shall be $1,000, We will require any Addenda to the FAR BAR "as is"
contract within two days of acceptance of the offer. I am also attaching a Substitute W-9 Vendor form for the
Escrow agent to complete and return within two days of acceptance of the offer. I will need the Escrow
agent's name, address, and phone number for the FAR BAR contract as soon as possible after acceptance,
Escrow funds will be paid within 15 days of acceptance by all parties, If this offer is agreed to, I will prepare
the FAR BAR "As Is" contract, and all Addenda for County review and signatures, Please contact me as to the
Seller's decision at your earliest convenience, Thank you very much,
Gar'r
From: BigelowGary
Sent: Tuesday, January 26, 2010 10:47 AM
To: maryw@perfectnaples,com; 'perfectnaples@aOl.com'
Cc: mott_t; RussellHans
Subject: OFFER - Dominion Drive 34112 - No Site Address
:mportance: High
~.'
"
-
NSP-PROOF OF
FUNl1ING,pdf
iIff~. '.
1.:'-'
-
Substitute W-g
form. County,p".
MalF
Please accept this as Collier County's Letter of Intent to offer full list price of $14,900 CASH for the vacant
orope:ty located on Dominion Drive owned by States Resources Corporation, Please see the attached Proof of
Funding document, Closing shall be March 26, 2010, We prefer no EMD escrow, but if required the EMD
1
escrow deposit shall be $1,000, We will require any Addenda to the FAR BAR "as is" contract within two days
of acceptance of the offer, I am also attaching a Substitute W-9 Vendor form for the Escrow agent to
complete and return within two days of acceptance of the offer. I will need the Escrow agent's name, address,
and phone number for the FARBAR contract as soon as possible after acceptance, Escrow funds will be paid
within 15 days of acceptance by all parties, Ifthis offer is agreed to, I will prepare the FAR BAR "As Is" contract,
and all Addenda for County review and signatures, Please contact me as to the Seller's decision at your
earliest convenience, Thank you very much,
Gcuy 13ifJclow, HII \ \I;
Pmf('!'1.' \('(!lll.~ili<)ll :-:[H'( iilll"l
t:(,j!w'" COllll!\ L(j\('I'Ilf'lllnl
::'.;'1-.: 12-g0;:\
2
BigelowGary
From:
Sent:
To:
Cc:
Subject:
BigelowGary
Monday, February 01, 2010 10:29 AM
KrumbineMarcy
RamseyFrank; motU; RussellHans
Dominion Drive 34112
Importance:
High
Marcy; On 1/25/2010 you approved an offer full list price of $14,900 for the subject parcel. Since it was a No Site
Address, we would like to have you re-accept the offer as follows, so that there are no doubts with Finance that it is the
subject parcel if the offer is eventually accepted, and we close, As follows;
Dominion Drive ( No Site Address) Folio No, 22624480107
Legai Description; Lot 20, Block 6, Avalon Estates, Unit No, 1, Plat Bk 3, Page 62,
List. $ 14,900
Appr~ised: $21,000
99% $20,790
No Rfchab associated
Thank you,
Gary 'Bi.geLow. H\1 '\ ,,;
Pn'JI\" '\ \"!llj.~il i"lI :-'rH'ciaJi,..,1
l ~ull;,'r (Ollnt \' (;I)\'TII<'lllllt
...'\9.:' .!-:!07:)
3
RussellHans
Subject:
3614 Poplar Way, Naples, FL 34112
Nicky,
As requested, attached is the Purchase and Sale Agreement relevant to the above captioned property, with Exhibit "0"
revised as you suggested, and signed by the Chairman of our Board of County Commissioners on this date,
Please remind your legal folks, and whoever else may be reviewing the document, that all of the items requiring
completion on the Agreement have been addressed on Exhibit "0" because of the County's peculiar audit requirements,
AI~o, assuming that you will be in agreement with our requests, remember to have the Agreement and Lead Paint
Addendum signed by Well Fargo on the Substitute Signature Pages only,
Mdny thanks for your efforts and to putting up with us, Please call me with any questions whatsoever,
Hans
Ham Russell
Sr Property Acquisition Specialist
Co:ller County Real Property Management
23C1 2S2-2623
1
BioelowGary
From:
Sent:
To:
Cc:
Subject:
KrumbineMarcy
Monday, February 01,201012:28 PM
BigelowGary
RamseyFrank; moll_t; RussellHans
Re: Dominion Drive 34112
Yes Full list I apologize
Marcy Krumbine
Director
Housing and Human Services
Sent from my Blackberry Wireless
From: BigelowGary
To: KrumbineMarcy
Cc: RamseyFrank; motet; RussellHans
Sent: Mon Feb 01 12:07:492010
'iuoject: RE: Dominion Drive 34112
Marcv: You want to approve at full list price, I am sorry if I was unclear. Thank you,
From: KrumbineMarcy
Sent: Monday, February 01, 2010 10:38 AM
To: SigelowGary
Cc: RamseyFrank; molt_t; RussellHans
Subject: Re: Dominion Drive 34112
Yes, I approve this offer at 99%
Marcv Krumbine
Director
Housing and Human Services
Sent from my Blackberry Wireless
From: BigelowGary
To: KrumbineMarcy
Cc: RamseyFrank; molt_t; RussellHans
Sent: Mon Feb 01 10:29: 15 2010
Subject: Dominion Drive 34112
Marcy; On 1/25/2010 you approved an offer full list price of $14,900 for the subject parcel. Since it was a No
Site Address, we would like to have you re-accept the offer as follows, so that there are no doubts with
Finance that it is the subject parcel if the offer is eventually accepted, and we close, As follows:
Dommion Drive ( No Site Address) Folio No, 22624480107
Legal Description: Lot 20, Block 6, Avalon Estates, Unit No, 1, Plat Bk 3, Page 62,
List: $ 14,900
Appraised: $21,000
1
99%: $20,790
No Rehab associated
Thank you,
l?CM'Y 13t,g-clow, It" \ It:
Pnll)l:rl~ \.'llllisitioll Spl'('iaJi~l
Colli. r COlJllt\' Co\..'rllt'lllnl
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,
PARTIES AND DESCRIPTION OF PROPERTY
1. SALE AND PURCHASE: STATES RESOURCES CORP.
and COLLIER COUNTY, a Political SubdiVISiOn of the State of Flonda
agree to sell and buy on the terms and conditions specified below the property ("Property") described as:
5' Address VACANT LOT - DOMINION DR NAPLES FL 34112
6' Legal Description: LOT 20, BLOCK 6 AVALON ESTATES, UNIT NO.1, ACCORDING TO THE MAP OF
7" THE PLAT THEREOF AS RECORDED IN PLAT BOOK 3, PAGE 62, PUBLIC RECORDS OF COLLIER
" ,COUNTY FLORIDA.
PID# 22624480107
2'
3'
("Seller")
("Buyer")
"
lD"
,,'
"'including all improvements and the tollowing additional property: NA
'"
w
"
16' 2. PURCHASE PRICE: $
PRICE AND FINANCING I .
14,900.00 payable by Buyer in U.S. funds as follows:
"d~~~~~~b~""",rance)on NA , by('/~)
for delivery to FIDELITY NArL TITLE ("EscrowAgentj~'
Signature Name of Company
V'ddressof Escrow/>;lenQ 15611 NEW HAMPSHIRE CT, FT. MYERS FL 33908
(Phore #ofEscrow Pqent) 239-770-0309
Additional dopos" to be delivered to Escrow Agent by
or_days from Effective Dale (10 days If lert bo.nk).
'"
18'
19
20'
21'
(a) $
1,000.00 -
22'
(b) $
0.00
'"
24'
o
000
(c)
(d) $
<e) $
Total financing (see Paragraph 3 below) (express as a dollar amount or percentage)
Other: NA
'"
, 3,900.00
26'
Balance to close (not including Buyer's closing costs. prepaid items and prorations). All funds
paid at closing must be paid by IocaIy drawn cashier's check, offICial check or wired funds.
"
211" U (f) (complete only if purchase price Will be determined based on a per t..nit cost instead of a fixed price) The unit
29' used to determine the purchase price is 0 Jot 0 acre 0 square foot IJ other (specify: 1
30" prorating areas of less than a full unit. The purchase price will be $ per unit based on a calculation of
31 total area of the Property as certified to Buyer and Seller by a Florida~licensed surveyor in accordance with Paragraph
32" 8(c) of this Contract. The following rights of way and other areas will be excluded from the calculation:
33'
'" 3, CASH/FINANCING: (Check as appNcable) ~ (a) Buyer will pay cash for the Property with no financing contingency.
". a (b) This Contract is contingent on Buyer quaiifying and obtaining the commitment(s) or approval(s) specifiec below (the
36" "Financing") within ~ days from Effectrve Date (if left blank then Closing Date or 30 days from Effective Date, whichever
occurs first) (the "Financing Period"). Buyer will apply for Financing w~hin _ days from Effective Date (5 days rt left blank)
and will timely provide any and aU credit, employment, financial and other information required by the lender. If Buyer, after
using dil~ence and good faith, cannot obtain the Financing within the Financing Perioo, either party may cancel this Contract
and Buyer's deposit(s) will be returned after Escrow Agent receives proper authorization from all interested parties.
CJ (1) New Financing: Buyer will secure a commitment for new third party financing for $ or
_ % at the purchase price at the prevailing interest rate and loan costs based on Buyer's creditworthiness. Buyer
will keep Seller and Broker fully informed of the loan application status and progress and authorizes the lender or
mortgage broker to disclose all such information to Seller and Broker.
a (2) Seller Financing: Buyer will execute a Cl first 0 second purchase money note and mortgage to Seller in the
amount of $ , bearing annual interest at __% and payable as follows:
37"
36
39
010
41'
42'
'"
44
",.
""
'"
The mortgage, note, and any security agreement w~1 be in a form acceptable to Seller and will follow forms generally
__accepted in the county wher,i 1~~ Property is located; wUI provide for a late payment fee and acceleration at the mortgagee's
so. Buye~ and~e1Iel: ~ L-J ackrov.1edge receipt of a copy of this page, whch ~ Page 1 of 7 Pages. m ~
VAC-9 Rev. 4/07 C 2007 Fhioa'Associalion of RE/lLTOFlS- All Rights Reserved __ ...
'"
"
51 option ~ Buyer defaults: wil give Buyer the right 10 prepay w.hout penalty all or part of the principal at any time(s) wtth
52 interest on~ to date of payment; will be due on conveyance or sale: will provide for release of contiguous parcels, If
53 applicable; and will requ.e Buyer to keep liability insuranca on the Property, wtth SeUer as addttlonal named Insured. Buyer
54 authorizes Seller to obtain credit. employment and other necessary information to determine creditworthiness for the
~ financing. Seller will, within 10 days from Effective Date. give Buyer written notice of whether or not Seller wW make the Joan,
56' 0 (3) Mortgege Assumption: Buyer will take t." subject to and assume and pay ex~ting first mortgage to
57"
sa' LN# in the approximate amount of $ currently payable at
59' $ per month including principal, interest, 0 taxes and insurance and having a Q fixed 0 other
00' (describe)
61' interest rate of _% which Q will Q wilt not escalate upon assumption. Any variance in the mortgage will be
62 adjusted in the balance due at closing with no adjustment to purchase price. Buyer will purchase Seller's escrow
63' account dollar for dollar. If the lender disapproves Buyer, or the interest rate upon transfer exceeds _% or the
64" assumption/transfer fee exceeds $ , either party may elect to pay the excess, failing which this
60 agreement will terminate and Buyer's deposit(s) will be returned.
00 CLOSING
67 4, CLOSING DATE; OCCUPANCY: This Contract will be closed and the deed and possession delivered on
'ill' MARCH 26 ,2010 ("Closing Date"). Unklss the Closing Date ~ specifically extendsc by the Buyer and Seller or
69 by any other proviSion in this Contract, the Closing Date shall prevail over all other time periods including, but not limited to,
70 finaoong and feasibility study periods. If on Closing Date insurance underwriting is suspendsc, Buyer may postpone closing up to
71 5 days after the jnsurance suspension is liftoo. If this transaction does not close for any reason, Buyer will immediately return all
72 SeHer-provlded title evidence, surveys, association documents and other items.
73 5. CLOSING PROCEDURE; COSTS: Closng will take p",cs in the county where the Pruperty is k>catsc and may be conductsc
74 ';;y mail or electronic means. If title insurance insures Buyer for title defects arising between the title binder effective date and
75 recording of Buyer's dOOd, closing agent will disburse at closing the net sale procescs to Seller (in local cash"r's checks ~ Seller
76 requests in wr.ing at least 5 days pr"r to closng) end brokerage fees to Broker as per Paragraph 17. In add."n to other expanses
77 provided in this Contract. Seller and Buyer will pay the costs indicated below.
76 (a) Seller Costs:
79 Taxes on the deed
so Recording fees for documents needed to cure title
81 Title evidence (If applicable under Paragraph 8)
". Other: SELLER'S CUSTOMARY CLOSING AND ESCROW FEES
B3 (b) Buyer Costs:
54 Taxes and recording fees on notes and mortgages
85 Recording fees on the deed and financing statements
56 Loan expenses
87 Lender's title policy at the simultaneous issue rate
88 Inspections
89 Survey and sketch
00 Insurance
91' Other: BUYER'S CUSTOMARY CLOSING AND ESCROW FEES
92 (c) Trtle Evidence and Insurance: Check (1) or (2):
W' I,Zl (1) The titie evidence will be a Paragraph S(a)(1) owners tit" insurance comm.ment.1;;I Sellerwili select the titie agent and
94' wil pay for the owner's t.le policy, search, examinat"n and related charges or 0 Buyer will select the t.'e agent and pay for
go' the owner's title policy, search, examinafion and re",tsc charges or 0 Buyer w~1 select the ttt" agent and Seller wm pay for
96 the owner's title policy, search, examination and related charges.
97' 0 (2) Seller will provide an abstract as specified In Peragraph 8(e)(2) as tOle evidence. 0 Seller 0 Buyer will pay for the
00 owner's title policy and select the tit~ agent. Seier will pay fees for title searches prior to Closing, includng tax search and
99 lien search fees, and Buyer will pay fees for title searches after closing (rt any), title examination fees and closing fees.
100 {d} Prorations: The following items will be made current and prorated as of the day before Closing Date: real estate taxes,
101 interest, bonds, assessments, leases and other Property expenses and revenues. If taxes and assessments for the current
102 year cannot be determined, the previous year's rates will be used with adjustment for any exemptions. PROPERTY TAX
103 DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT PROPERTY TAXES AS THE
104 AMOUNT OF PROPERTY TAXES THAT BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO
106 PURCHASE. A CHANGE OF OWNERSHIP OR PROPER1Y IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE
106 PROPER1Y THAT COULD RESULT IN HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING
100 VALUATION, CONTACT THE COUN1Y PROPER1Y APPRAISER'S OFFICE FOR FURTHER INFORMATION,
106 (e) Special Assessment by Public Body: Regardng special assessments imposed by a pubHc body, Seller will pay (q the full
109 amount of liens that are certified; ~Wlmed and ratifisc before cloSing and (Iq the amount of the last estimate of the assessment
110' BUyer~L-J anq Seller L-J acknowledge receipt of a copy of this page, which Is Page 2 of 7 Pages.
.JAC.9 Re.... 4/07 Q 2007 F'1ar,i.Qil__~sociation of AEAlTOfl,S. All Rights Reserved
111 if an improvement is sub~tantially completed as of Effective Date but has not resulted in a lien before closing, and Buyer will pay
112' all other amounts. If sPSC",1 assessments may be paid in installments Q Buyer Q Seller (If left biank, Buyer) shall pay installments
113 due after closing. If Seller is checked, Seller will pay the assessment in full prior to or at the time of closing. Pub~c body does
114 not include a Homeowner Association or Condominium Association.
115 (f) Tax Withholding: If Seller is a '10relgn person" as de~ned by FIRPTA, Section 1445 of the Internal Revenue Code
1 i 6 requires Buyer to withhold 10% of the amount realized by the Seller on the transfer and remit the withheld amount to the
117 Internal Revenue Service (IRS) unless an exemption applies. Tne primary exemptions are (1) Seller provides Buyer with an
118 affidavit that Seller is not a "foreign person", (2) Seller provides Buyer with a Withholding Certificate providing for reduced or
119 eUminafed w.hhoiding, or (3) the gross sales price is $300,000 or less, Buyer is an indMdual who purchases the Property to
120 use as a residence, and Buyer or a member of Buyer's family has definite plans to reside at the Property for at least 50% of
121 the number of days the Property is in use during each of the first two 12 month periods arter transfer, The IRS requires Buyer
122 and Seller to have a U.S. federal taxpayer identificetion number I"TIN"). Buyer and Seller agree to execute and deliver as
123 directed any instrument, affidavit or statement reasonably necessary to comply with FIRPTA requirements Including applying
'" for a TIN w.hin 3 days from Effective Date and delivering the. respective TIN or Social Security numbers to the Closing Agent.
125 If Seller applies tor a withholding certificate but the application is still pending as of closing, Buyer will p",ce the 10% tax in
126 escrow at Seller's expense to be d lsbursed in accordance with the final determination of the IRS, provided Seller so requests
127 and gives Buyer notlca of the pending application in accordance with Section 1445. If Buyer does not pay sufficient cash at
128 closing to meet the withholding requirement, Seller will deliver to Buyer at closing the additional cash necessary to satisfy the
12"", requirement. Buyer will timely disburse the funds to the IRS and provide Seller with copies of the tax forms and receipts.
130 (g) 1031 Exchange: If either Seller or Buyer wishes to enter into a liks-kind exchange (either simultaneously with closing or
131 after) under Section 1031 of the Internal Revenue Code ("Exchange"), the other party will cooperate in all reasonable respects
132 to effectuate the Exchange including executing documents; provided, however, that the cooperating party will incur no ljab~ity
1JJ or cost refated to the ,Exchange and that the closing shall not be contingent upon, extended or delayed by the Exchange.
134 PROPERTY CONDITION
135 6. lAND USE: Seller will deliver the Property to Buyer at the time agreed in its present "as is" condition, with condittons
\36 resulting from Buyer's Inspections and casualty damage, if any, excepted. Seller will maintain the landscaping and
137 grounds in a comparable condition and will not engage in or permIt any activity that would materially alter the Property's
138 condition without the Buyer's prior written consent.
139 (a) Flood Zone: Buyer is adviSed to verify by survey, with the lender and with appropriate government agencies which
140 flood zone the Property is in, whether flood insurance is required and what restrictions apply to improving the Property and
141 rebuilding in the event of casualty.
142 (b) Government Regulation: Buyer is advised that changes in government regulations and levels of service which
143 affect Buyer's intended use of the Property will not be grounds for canceling this Contract if the Feasibility Study
144 Period has expired or if Buyer has checked choice (c)(2) below.
145 (0) Inspections: (check (1) or (2) belOW)
1...' III (1) Feasibility Study: Buyer will, at Buyer's expense and within ~ days from Effective Oete ("Feasibil"y Study
147" Period"), determine whether the Property is suitable, in Buyer's sole and absolute discretion, for RESIDENTIAL
148. LAND BANK use. During the Feasibility Study Period, Buyer may conduct a Phase I environmental
149 assessment and any other tests, analyses, surveys and investigations ("Inspectklns") that Buyer deems necessary to
150 determine to Buyer's satisfaction the Property's engineering, architectural and environmental properties; zoning and
151 zoning restrictions; subdivision statutes; soil and grade; availability of access to public roads, water, and other utilities;
152 consistency with locm, state and regional growth management plans; availability of permits, government approvals, and
153 licenses; and other Inspections that Buyer deems appropriate to determine the Property's suitability for the Buyer's
154 intended use. If t~ Property must be rezoned, Buyer will obtain the rezoning from the appropriate government agencies.
155 Seller will sign all documents Buyer Is required to file in connection w~h development or rezoning approvals.
150 Seller gives Buyer. its agents, contractors and assigns. the right to enter the Property at any time during the Feasibility
157 Study Period tor the purpose of conducting Inspections; provided, however, that Buyer. its agents. contractors and
156 assigns anter the- Property and conduct Inspections at their own risk. Buyer will Indemnify and hold Seller harmless
159 from losses, damages, costs, claims and expenses of any nature, including attorneys' fees, expenses and liability
160 incurred in application for rezoning or related proceedings, and from liability to any person, arising from the conduct of
161 any and aI/Inspections or any work authorized by Buyer. Buyer will not engage in any activity that could resut! in a
162 construction Hen being filed against the Property without Seller's prior written consent If this transaction does not
163 close, Buyer will, at Buyer's expense, (1} repair all damages to the Property resulting from the Inspections and
'64 return the Property to the condition it was in prior to conduct of the Inspections, and (2) release to Seller all reports
165 and other work generated as a result of the Inspections,
166 Buyer will deliver written notice to Seller prior to the expiration of the Feasibiiity Study Period of Buyer's
HI7 determination of whether or not the Property is acceptable, Buyer's failure to comply with this notice requirement
168 wilt constitute acceptance of the Property as suitable for Buyer's intended use in its "as is" condition. if the Property
169 is unacceptable to Buyer ar;d written notice of this fact is timely delivered to Seller, this Contract will be deemed
170 terminated as of the day after the Feasibility Study periOd ends and Buyer's deposit(s) will be returned after Escrow
171 Agent receives proper authorization from all interested parties.
172' Q (2) No Feasibility Study: Buyer is satisfied that the Property is suitable for Buyer's purposes, including being
17J ,satisfied that eitherpubli~ s~'L.~ge and water are available to the Property or the Property will be approved for the
174. Buye~~~L_~.. ) and~~ller~ ~ acknowledge receipt of a copy of this page. which is Page 3 of 7 Pages.
VAC.9 av. 4/07 C 2007 Florida AsSOCiation of REALroos. A~ Rights Reserved
17~, installation of a well and/or private sewerage disposal system and that existing zoning and other pertinent regulations
176 and restrictions, such as subdivision or deed restrictions, concurrency, growf:h management and environmental
177 conditions, are acceptable to Buyer. This Contract is not contingent on Buyer conducting any further invBStigations.
178 (d) Subdivided Lands: " this Contract is for the purchase of subdivided lands, defined by Florida Law as "(e) Any
179 contiguous land whIch Is divided or is proposed to be divided for the purpose of disposition into 50 or more lots,
180 parcels, units, or interests; or (0) Any land, whether contiguous or not, which is divided or proposed to be divided into
181 50 or more lots, parcels. units, or interests which are offered as a part of a common promotional plan.", Buyer may
182 cancel this Contract for any reason whatsoever for a period of 7 business days from the date on which Buyer executes
183 this Contract. If Buyer elects to cancel within the period provided, all funds or other property paid by Buyer will be
184 refunded without penalty or obligation within 20 days of the receipt of the notice of cancellation by the developer,
185 7. RISK OF LOSS: EMINENT DOMAIN: If any portion of the Property is materiai~ damaged by casualty before closing,
186 or Seller negotiates with a governmental authority to transfer all or part of the Property in lieu of eminent domain proceedings,
167 or if an eminent domain proceeding Is initiated, Seller will promptly inform Buyer. Either party may cancel this Contract
1M by written notice to the other within 10 days from Buyer's receipt of Seller's notification, failing which Buyer will close in
189 accordance with this Contract and receive all payments made by the government authority or insurance company, if any.
TITLE ,-~r-'",-c/4z- C(~~,,/rv77 ?)e€~W .~c'_
8, TITLE: Seller will convey marketable title to the Property by slalt;lory.warf!lf1lydeed or trustee,,~f8p'reseAtative ~"", '\
or qu:urli:m deed--a&~iat6 to Seller's status. . ~ ;;;]
(a). Title Evidence: Title evidence wlil ShOW legai access to the Property and marketable title of record in Seller in A,"".'
accordance with current title standerds adopted by the Rorlda Bar, subject on~ to the following @e exceptklns, none of /
whIch prevent Buye~s intended use of the Property as RESIDENTIAL LAND BANK : covenants, easements and '------..---
restrictions 01 record; matters of plat; existing zoning and government regulations; oil, gas and mineral rights of record if
there is no right of entry; current taxes; mortgages that Buyer will assume; and encumbrances that Seller will discharge at
or before closing. Seller will deliver to Buyer Seller's choice of one of the following types of title evidence,
which must be generally accepted in the county where the Property is located (specify in Paragraph 5(c) the selected
type). Seller will use option (1) in Palm Beach County and option (2) in Miami-Dade County,
(1) A title Insurance commitment issued by a FlorldaMlicensed title insurer In the amount of the purchase price and
subject only to title exceptions set forth in this Contract and delivered no later than 2 days before Closing Date.
(2) An existing abstract of title from a reputable and existing abstract firm (If firm is not eXisting, then abstract must be
certified as correct by an existing firm) purporting to be an accurate synopsis of the instruments affecting title to the
Property recorded in the public records of the county where the Property is located and certified to Effective Date.
However if such an abstract Is not available to Seller, then a prior owner's title policy acceptable to the proposed insurer
as a base for reissuance of coverage. Seller will pay for copies of all policy exceptions and an update in a format
acceptable to Buyers closing agent from the policy effective date and certified to Buyer or Buyer's closing agent,
together with cop-jes of all documents recited in the prior policy and in the update. If a prior policy is not available to
Seller then (1) above will be the title evidence, Title evidence will be delivered no latar than 10 days before Closing Date.
(b) Title Examination: Buyer will examine the title evidence and deliver written notice to Seller, within 5 days from receipt
of title evidence but no later than Closing Date. of any defects that make the title unmarketable. Seller will have 30 days
from receipt of Buyer's notice of defects ("Curative Period~) to cure the defects at Seller's expense. If Seller cures the
defects within the Curative Period, Seller will deliver written notice to Buyer and the parties will close the transaction on
Closing Data or within 10 days from Buyer's receipt of Seller's notice jf Closing Data has passed. If Seller is unable to
cure the defects within the Curative Period, Seller will deliver written notice to Buyer and Buyer will, within 10 days from
receipt of Seller's notice, either cancel this Contract or accept title with existing defects and close the transaction.
(c) Survey: Buyer may, prior to Closing Date and at Buyer's expense, have the Property surveyed and deliver wrltten
notice to Seller, within 5 days from receipt of survey but no later than 5 days prior to closing, of any encroachments on
the Property, encroachments by the Property's improvements on other lands or deed restriction or zoning violations. Any
such encroachment or violation will be treated in the same manner as a tille defect and Buyer's and Seller's obligations
will be determined in accordance with subparagraph (b) above.
(d) Coastal Construction Control Line: If any part of the Property lies seaward of the coastal construction control line as
defined in Secton 161.053 of the Fklnda Statutes, Seller shail provide Buyer w.h an affidavit or survey as required by law
delineating the tine's location on the Property, unless Buyer waives this requirement in writing. The Property being purchased
may be subject to coastal erosion and to federal, state, or local regulations that govern coastal property, including delineation
of the coastal construction control line, rigid coastal protection structures, beach nourishment, and the protection of marine
turtles. Additional information can be obtained from the Florida Department of Environmenlal Protection, including whether
there are significant erosion conditions associated with the shoreline of the Property being purchased.
!lI Buyer waives the right to receive a CCCL affidavit or survey.
MISCELLANEOUS
190
191
192
193
194
196'
196
107
'"
199
200
20,
202
203
"'"
200
200
207
200
209
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''I
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213
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215
216
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216
21'
220
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22'<
225
226
22~
22.
229
23C'
231
'" 9, EFFECTIVE DATE; TIME; FORCE MAJEURE:
233 (a) Effective Date: The "Effective Date" of this Contract is the date on which the last of the parties initials or signs and
234 delivers final offer or counteroffer. Time is of the essence for all provisions of this Contract.
235 (b) Time: All time periods expressed as days will be computed in business days (a "business day" is every calendar day
236 eX~:day, )sund,ay aQd national legal holidays). If any deadline falls on a Saturday, Sunday or national legal
2:37" Buye anciseller~ L--J acknowledge receipt of a copy oftr.i5 page, which is Page 4 of 7 Pages.
VAC.9 Re'l. 4/07 C 2007 FlOrida-ASsociation of REALTORS. All Rights Reserved
238 holiday, performance will be due the next business day. All time periods will end at 5:00 p.m. local time (meaning In the
239 county where the Property is located) of the appropriate day.
240 (c) Force MajelJre: Buyer or Seller shall not be required to perform any obligation under this Contract or be liable to
241 each other for damages so long as the pertormance or non-performance of the obligation is delayed, caused or prevented
242 by an act of God or force majeure. An "act of God" or "force majeure" is defined as hurricanes, earthquakes, floods, fire,
243 unusual transportation delays, wars, insurrections and any other cause not reasonably within the control of the Buyer or
244 Seller and which by the exercise of due diligence the non-performing party is unable in whole or in part to prevent or
245 overcome. All time periods, including Closing Date, will be extended (not to exceed 30 deys) for the period that the force
2<W majeure or act of God is in place. In the event that such "act of God" or "force majeure" event continues beyond the 30
247 days in this sub-paragraph, either party may cancel the Contract by delivering written notice to the other and Buyer's
248 deposi1 shall be refuQded.
249 10. NOTICES: All notices shall be in writing and will be delivered to the parties and Broker by mail, personal delivery or
250 electronic media, Buyer's failure to deliver timely written notice to Seller, when such notice is required by this Contract,
251 regarding any contingencies will render that contingency null and void and the Contract will be construed as if the
257 contingency did not exist. Any notice. document or item delivered to or receivecl by an attorney or licensee Qncludlng a
253 transaction bn:>ke~ representin9 a party will be as effective as If delivered to or by that party,
:>54 11. COMPLETE AGREEMENT: This Contract is the entire agreement between Buyer and Seller. Except for brokerage
2>5 agreements, no prior Or present agreements will bind Buyer, Seller or Broker unless Incorporated Into this Contract.
256 Modifications of this Contract will not be binding unless in writing, signed or initialed and delivered by the party to be bound.
257 This Contract, signatures, initials, documents referenced in this Contract, counterparts and written modifications
258 communicated electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten
259 or typewritten terms Inserted In or attached to this Contract prevail over preprinted terms, If any provision of this Contract is or
260 becomes Invalid or unenforceable, all remaining provisions will continue to be fully effective. Buyer and Seller will use diligence
261 and good faith In performing aU obligations under this Contract. This Contract will not be recorded in any public records.
262 12, ASSIGNABILITY; PERSONS BOUND: Buyer may not assign this Contract w!hout Seller's wrillen consent. The terms
263 "Buyer," "Seller," and "Broker" may be singular or plural. This Contract is binding on the heirs, administrators, executors,
264 personal representatives and assigns (if permitted) of Buyer, Seller and Broker.
265 DEFAULT AND DISPUTE RESOLUTION
256 13. DEFAULT: (a) Seller Default: If for any reason Of her than failure of Seller to make Selle~s title marketable atter diigent effort,
267 Seller fails, refuses or neglects to perform this Contract, Buyer may choose to receive a return of Buyers deposit without
268 waiving the right to seek damages or to seek specific performance as per Paragraph 14. SeUer will also be liable to Broker for
260 the full emount of the brokerage fee. (b) Buyer Default: If Buyer fails to perform this Contracf w.hin the time specffied, Inciuding
270 timeo/ payment of all deposits, Seller may choose to retain and collect all deposits paid and agreed to be paid as liquidated
271 damages or to seek sp'ecific performance as per Paragraph 14; and Broker will, upon demand, receive 50% of all deposits
272 paid end agreed to be ~aid (to be split equally among Brokers) up to the full amount of the brokerege fee.
273 14. DISPUTE RESOLUTION: This Contract wUl be construed under Florida law. All controversies, claims, and other matters in
274 question arising out of or relating to this transaction or this Contract or its breach will be settled as follows:
275 (a) Disputes concerning entitlement to deposits made and agreed to be made: Buyer and Seller will have 30 days from
276 the date conflicting. demands are made to attempt to resolve the dispute through mediation. If that fails, Escrow Agent
277 will submIt the dispute, if so required by Florida law, to Escrow Agent's choice of arbitration, a Florida court or the
278 Florida Real Estate CommiSSion ("FREe"). Buyer and Seller wiN be bound by any resulting award, judgment or order. A
279 broker's obligation under Chepter 475, FS and the FREC rules to time~ notiy the FREe of an escrow dispute end timely
280 resolve the escrow dispute through mediation, arbitration, interpleader, or an escrow disbursement order, if the broker SO
281 chooses, applies onty to brokers and does not apply to title companies, attorneys or other escrow companies.
282 (b) All other disputes: Buyer and Seller will have 30 days from the date a dispute arises between them to at1empt to
283 resolve the matter through mediation, failing which the parties will resolve the dispute through neutral binding
284 arbitration in the county where the Property is located. The arbitrator may not alter the Contract terms or award any
285 remedy not provided for in this Contract. The award wjIJ be based on the greater weight of the evidence and will
286 state findings of fact and the contractual authority on which it is based. If the parties agree to use discovery. it will
287 be in accordance with the Florida Rules of Civil Procedure and the arbitrator will resolve all discovery-related
288 disputes. Any disputes with a real estate ticeflsee named In Paragraph 17 will be submitted to arbitration only if the
289 licensee's broker consents in writing to become a party to the proceeding. This clause will survive closing.
29J (c) Mediation and Arbitration; Expenses: "Mediation" is a process in which parties attempt to resolve a dispute by
291 submitting it to an impartial mediator who facilitates the resolution of the dispute but who is not empowered to impose a
292 settlement on the parties. Med"tion vvll be in accordance w.h the rules of the Amercan Arb.ratlon Association ("AM") or
29.> other mediator agreed on by the parties. The parties wWI equally divide the mediation fee, if any. "Arbitration" is a process in
294 which the parties resolve a dispute by a hearing before a neutral person who decides the matter and whose decision is
290 bindir,g on the parties. Arbitration wiH be in accordance with the rules of the AAA or other arbitrator agreed on by the parties.
29f, Each party to any arbitration vvill pay its own fees, costs and expenses, including attorneys' fees, ard will equally split the
297 arbitrators' fees and administrative fees of arbitration. In a civil action to enforce an arbitration award, the prevailing party to the
298 arbitration shall be entitled to recover from the nonprevailing party reasonable attorneys' fees, costs and expenses.
299' BUye~L.-.} and $~I~~~~ L-J acknowledge receipt of a copy of this page, which is Page 5 of 7 Pages.
VAC-9 Rev. 4/07 C 2007 Florida Association of REALTORS. All Rights Reserved
300 ESCROW AGENT AND BROKER
301 15, ESCROW AGENT: Buyer and Seller a""horize Escrow Agent to receive, deposit and hold funds and other items In
302 escrow and, subject to clearance, disburse them upon proper authorization and in accordance with Florida law and the terms
300 of this Contrect, including disbursing brokerage fees, The parties agree that Escrow Agent will not be liable to any person for
"" misdelivery of escrowed items to Buyer or Seller, unless the misdelivery Is due to Escrow Agent's willful breach of this
306 Contract or gross negligence. If Escrow Agent Interpleads the SUbject matter of the escrow, Escrow Agent will pay the
300 filing fees and costs from the deposit and will recover reasonable attorneys' fees and costs to be paid from the
307 escrowed funds or equivalent and charged and awarded as court costs in favor of the prevailing party. All claims
3Ol3 against Escrow Agent will be arbitrated, so long as Escrow Agent consents to arbitrate,
300 16. PROFESSIONAL ADVICE; BROKER LIABIUTY: Broker advises Buyer and SeRer to verify all facts end representations
310 that are important to them and to consult an appropriete professional for legai advice (for example, interpreting contracts,
311 determining the effect of laws on the Property and transaction, status of title, foreign investor reporting requirements, the
312 effect of property lying partially or totally seaward of the Coastal Construction Control Line, etc,) and for tax, property
313 condition, environmental and other specialized advice, Buyer acknowkKtges that Broker does not reside in the Property
314 and that all representations (oral. written or otherwise) by Broker are based on Seller representations or public records.
315 Buyer agrees to rely solely on SeUer. professional inspectors and governmental agencies for verification of the Property
316 condttlon and feets that materially ettect Property velue. Buyer and Seller respectively will pay all costs and expenses,
317 Including reasonable attorneys' fees at all levels. Incurred by Broker and Broker's officers. directors, agents and employees
318 in connection with or arising from Buyer's or Seller's misstatement or failure to perform contractual obligations. Buyer
319 and Seller hold harmless and release Broker and Broker's officers, directors, agents and employees from all liability for
320 loss or damage based on (1) Buyer's or Seller's misstatement or failure to perform contractual obligations; (2) Broker's
321 performance. at Buyer's and/or Seller's request, of any task beyond the scope of services regulated by Chapter 475.
322 F.S., as amended, including Broker's referral, recommendation or rete'ltion of any vendor; (3) products or services
323 provided by any vendor; and (4) expenses incurred by any vendor. Buyer and Seller each assume full responsibility for
124 selecting and compensating their respective vendors. This paragraph will not relieve Broker of statutory obligations, For
325 purposes of this paragraph, Broker wilt be treated as a party to this Contract. This paragraph will survive closing,
326 17, BROKERS: The licensee(s) and brokerage(s) named below are collectively referred to as "Broker." Instruction to Closing
327 Agent: Seller and Buyer direct closing agent to disburse at closing the full amount of the brokerage fees as specified in
328 separate brokerage agreements with the parties and cooperative agreements between the brokers, except to the extent
329 Broker has retained such fees ~rom the escrowed funds. In the absence of such brokerage agreements, closing agent will
330 disburse brokerage fees as Indicated below. This paragraph will not be used to modify any MLS or other otter of
331 compensation made by Seller or listing broker to cooperating brokers.
332' MARY W1LLKOMM'
333' Selling Sales Associate/License No.
TO BE PROVIDED
PERFECT PROPERTIES OF NAPLES, INC
Sding FrrmlBrokerage Fee: ($ or % of Purchase Price) TBD BY SELLER
334' ROBERT CUCCiNELLO
335' Lsting Sales AssociatQlLicense No.
3055111
HOMES AND LAND BROKERS,INC
Us/lng FtrmlBrokerege tee: ($ or 96 of Purchase Price) TBD BY SELLER
:J36
ADDITIONAL TERMS
331' 18, ADDITIONAL TERMS:
,,"'
,,.'
340'
::;:iH~Ff}~~~f{N:-~-QLDA~:i~WfT~RE-nfGQNDII~~&:~-::~_~~W~~~~fMAR~~~~:~_~P.A!B~:[Q--
343'
344' l)N~..T7-Js)~1y!~"~~QT~~fR~F~.~cI-T.8AfoJ~~QSfT~~H~ILj{Ej~ATp'~.w'-T8I~fJEii:gtIIm[~ys~oF ~:~~~:~
34" EXECUTION BY THE LAST ONE OF THE BUYER AND SELLER TO SIGN, AND ALL REQUIREMENTS
,,,. FQj:f8ANQWRjrtE~ENTRIJ;S OR.INiTiALSQNLINi;:sfrf.HR00Grij~ARE WAjy~i:): ... ..' . ',..-
347' L1NE~ 50,,11Q,174, 237., 299. 358, & 399 REQUIRING I_NITIALSBY]OTf1.B.LJYERAND~E[L~RARE
34" D(:LETE[)IN.THEIR ENTIRETY, AN.D ANY REQUIREMENI~ FOR BJ!,(E8A,ND .sEI.LER, IOIt.illV\.LARE
349' WAil/ED. . -. ...
350'
3'" LIr\l_El.t-_~J;;'(Q$H\I.~.F>ROGEJ)l)RE;C9.$TS 1$,RJ;YJSEi:lTQ .REI'LgCI tI-lAtc;I,.Qsl;..lGY\iiCLtAKg'-
352' P,LAC:;E AT It!E.I,.Qc:,A, TIQ,f'l.5 QI' 1.1:'-(: ,SEI,. LEK::;JITLEAGENT. . . __,__________
353'
:354- _L:I~_e_I91. ._!3::.J'YfLe-: T~BE;VI~.e;Q tQJ3.r;f~~I;CTI:88fASi:)J~C:It\L~wt\BJ~ANty:o~i;p:WH':LBE fti~.9NC'l_~-
355' ACCEPT.8,~L-E Di;];JI EQI3.GQNYEY f\!i.CE_9E IJ::!.E PROfE..13J'L .. ___~__.__..
356'
357" _ '..__.._.._ ~._~.__..___ _..__._ _........_ .._,__ ._".__.._____.____._____...,'__~.._._..__....,_____.....__.__...~_n__.__ .______,........_____.._______.. .... ~_
358' Buy~;b L-J an<fSeT19' JyiJ L-J acknowledge receipt of a copy of this page, which is Pege 6 of 7-pa~es~
I/AC-9 Rev. 4/07 0 2007 Fld-rida Association of REAlfOOS- All Rights Reser\'ed
359' LINE l101:~.JII~g:,SUllI"ARA<3RAPH (1) is REVISED TO REFLECTAG9f'Y_()FJHETIT~E:IN:;;LJF3ANc;E:
3110' G()MMITME:NL:"lHIIL~ ~E.REblVE8E[)T'f'{Q (2)WI"];K~I;tEEORE THE C~()$lN<3DAIE...
361"
382' 1..1~j; 333 j$.R~YISEOtQ Rj;FLEGJfHAtSELL!NG-i;fAL~S8S$OC!IITEjL!Cj;t"-Sj; ~,() W]l,L BE PRQ-
363' IlID.EO.IO.SELLERBY IHEAGENL AND_ANY ..BEQUIREMENIFOR,HANUWRIITEN. EN.IBY.oR_~__.,_.
",",' INllALS IS.WAlYEO.SELLlNG,ElRMIBROKEBAGEFEEWlLLNEEO TO BE PROVIDED_BY THE SELLER.
365- I\No.A~Y REQUJREMENLfQRI:IANQWRlTIENE.tf!RY .OR. 1~IIAkSJS_.wA!I{E.Q:..A~Q_LI~niN..G.f!B_M!,
:l66' BROKERAGE FEE WILL BE PROVIDED BY SELLER AND ANY REQUIREMENT FOR HANDWRITTE~
36,.ENTBY.Qi{INITIACSTS\^iAIVEQ. .... ...., ... .,... . .....,..-, ........ . . . .------ . ,-. 'm'__~=__=~-:__...::==:~
366" ...~.. ...._._,..... ... ... "__0__ __, _,.. ,.. _.. _____. _......u. "_'_"~_~"_""___"'_"'"" ... ____ ___.__._ .'__.....___.. ..._....._. ..m .m ..,. .,..._...... ...____...__,_,. .._...... __.._d.__......._.,_ _._.. _ _.__ .....
369" LINE 386-THE NOTATION IN BUYER'S SIGNATURE BToCK THAT READS "SEE ATTACHED SUBSTITUTE
370' SJGNAi\.lRE PAGE;:ISACC;EPTII6LE,,A,NDANY R_EQUiREMtNfs f6RjNlji.A.L:S,A,REWAiyf5~:___:_:_
371"
372' LINES 394THROlJGH 397 ARETOBECOMPLeTElnfY SETi.ER OR SEi.l.ER;sAGENTAND ANY
373' REQUIREr,1Ef,jTI'QR HANDWRITIEN ENTRIES O'RiNitiAi.s.ARE WAIVED.d . pm_ .. P. .
374'
375'
376 This Is intended to be e legeUy binding contract. n not fully understood, seek the advice of en attomey prior to slgning.
377 OFFER AND ACCEPTANCE
37" (Check Wappllcable: 0 Buyer received a written reai property disclosure statement from Seller before malOng this Offer.)
379 Buyer offers to purchase the Property on the above terms and conditions. Unless this Contract Is sIgned by Seller and a
3110' copy delivered to Buyer no later fhan 5:00 0 a.m, IZI p.m. on FEBRUARY 8 , .lQ1Q., this offer will be
381 revoked and Buyer's d~posit refunded subject to clearance of funds.
382 COUNTER OFFER! REJECTION
"". 0 Seller counters Buyer's offer (to accept the counter offer, Buyer musf sign or inrtial the counter offered terms and del"... a
384 copy of the acceptance to SeNer. Unless otherwise stated, the time for acceptance of any counteroffers shall be 2 days from
385' the date the counter is delivered. CJ Seller rejects Buyer's offer.
386' Date;
367"
Buyer:
Print name: """SEE ATTACHED SUBSTITUTE SIGNATURE PAGE"""
388" Date:
369" Phone:
300' Fax:
391' E-mail:
Buyer:
Print name:
Address:
i' 392" Date:
..,,-.,
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Print name: STATES RESOURCES CORP. '
39t\' Date:
395" Phone:
396. Fax:
397" E~mai!;
Seller:
Print name:
Address;
398' Effective Date:
(The dale on which the laat party signed or ;nitJaied and delivered the final oller or counterofler.)
:199' BUY:~ and Seller & L-.J acknowledge receipt of a copy of this page, which is Page 7 of 7 Pages.
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VA,C"9 Rev. 4/07 C 2007 Florida Association of RCAlTORS. All Rights Reserved
NEIGHBORHOOD STABILIZATION PROGRAM
Property Address: VACANT LAND - No Site Address, Dominion Drive, Naples, FL 34112
Folio Number: 22624480107
Legal: Lot 20, Block 6, Avalon Estates, Unit No, 1, according to the map of the plat thereof as recorded in
Plat Book 3, Page 62, Public Records of Collier County, FL.
SUBSTITUTE EXECUTION PAGE
Date Property acquisition approved by BCC: October 27,2009, Item 16D8
AS TO BUYER: '
DATED: Feh-vilvi,~ ,2.010
ATTEST:
DWIGHT E. BROCK, Clerk
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
BY: "-fulL Lv. C~
Fred W. Coyle, Chairman
,:
Attest II te CIII
'1~.turt OIl.II-
Approved as to form and
legal sufficiency:
~1)~
Jenm er B, White
Assistant County Attorney
MEMORANDUM
Date:
February 8, 2010
To:
Gary Bigelow,
Property Acquisition Specialist
From:
Martha Vergara, Deputy Clerk
Minutes & Records Department
Re:
NSP Program "Purchase Agreement"
Property Address: Vacant Lot - Dominion Dr. Naples
Folio #22624480107
Attached is the original Purchase Agreement referenced above (Agenda Item #16D8)
approved by the Board of County Commissioners on Tuesday, October 27, 2009.
After processing please forward a fully executed copy to the Minutes & Records
Office for the Board's Official Record.
If you should have any questions, please contact me at 252-7240,
Thank you,
Attachment
ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP
TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO
THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE
Print on pink paper. Attach to original document Original dOOHTlcnts should be hand delivered to the Board Oftke lhe completed routing slip and original
documents are to be fon.varded to the Board Office only after the Board has taken action on the item,)
ROUTING SLIP
Complete routing lines #1 through #4 as appropriate for additional signatuTt:s, dates. andlor information needed. If the document is already complete with the
exl,;C tion of Ihe Chainnan '$ si mature, draw a line thrau h rautin lines # I thrall h #4, com Jete the checklist, and forward to Sue Filson (line #5)
R!>ute to Addressee{s) Office Initials Date
O,..;tst in rautin order)
I.
2,
3,
~-"---
-
--
,/
2/-:J /0
4,
Board of County Commissioners
(Th~ primary contact is the holder of the original document pending Bee approval. Normally the primary contact is the person who created/prepared the executive
surrmary, Primary contact information is needed in the CVl;nt (Jnl; of the addressees above, including Sue Filson, need to contact staff for additional or missing
information. All original documents needing the Bee Chairman's signature are to be delivered to the Bee office only aftcr the Bee has acted to approve the
item.)
Name of Primary Staff
Contact
Agenda Date Item was
A roved by the BCC
'Type of Document
Attached
5, Ian Mitchell, BCC Oflice
Supervisor
6, Minutes and Records
Clerk of Court's Office
fG73
/ 0id'f)
I
Yes
(Initial)
N/A(Not
A Iicable)
PRIMARY CONTACT INFORMATION
C:74r2'-1 -ircC-6 u",)
/0 9' /07
CoIV-r,e./1-e
Phone Number
q~
;Ji{t-
?i8
D
Forms/ County Forms/ Bee Forms/ Original Documents Routing Slip WWS Original 9.03.04, Revised 1.26.05, Reviscd 2.24.05. Revised 9. ]8.09
Agenda Item Number
Number of Original
Documents Attached
I.
INSTRUCTIONS & CHECKLIST
Initial the Yes column or mark "N/A" in the Not Applicable column, whichever is
a ro riate.
Original document has been signed/initialed for legal sufficiency. (All documents to be
signed by the Chairman, \\lith the exception of most letters, must be reviewed and signed
by the Office of the County Attorney. This includes signature pages from ordinances,
resolutions, etc. signed by the County Attorney's Office and signature pages from
contracts, agreements, etc. that have been fully executed by all parties except the BCC
Chairman and Clerk to the Board and ossibly State Officials.)
All handwritten strike-through and revisions have been initialed by the County Attorney's
Office and all other arties exec t the BCC Chairman and the Clerk to the Board
The Chairman's signature line date has been entered as the date ofBCC approval of the
document or the final negotiated contract date whichever is a Ikable.
"Sign here" tabs are placed on the appropriate pages indicating where the Chairman's
si nature and initials are re uired.
In most cases (some contracts are an exception), the original document and this routing slip
should be provided to Ian Mithchell in the BCC omce within 24 hours of BCC approval.
Some documents are time sensitive and require forwarding to Tallahassee within a certain
time frame or the Bee's actions are nullified. Be aw re 0 our deadlincs[
The document was approved by the nee on Z. enter date) and all changes
made during the meeting have been incorporat in t c' ttached document. The
Count Attorne 's Office has reviewed the chan cs, if a licable.
o
3,
4.
5,
6.
ITEM NO,: 10. i2-W--O \B8' )
FILE NO,:
ROUTED TO:
DATE RECEIVED:
-
-_._.~
/--" \
/ )'
1/ /'~
(L/ ,.'
_/
REOUEST FOR LEGAL SERVICES
DATE:
February 2, 2010 - TIME SENSITIVE _
_.----_.~.') ---_._-,._----'------
JENNiFER B. WHITE,..ASSITANT COUNTY ATTORNEY
~~~~~THfCOUNTyATTORNEy
Gary Bigelow
Real Property Management
TO:
FROM:
RE: Neighborhood Stabilization Program (NSP) Grant
FARBAR "AS IS" CONTRACT
ADDRESS:
Vacant Land - No Site Address - Dominion Drive
ATTACHMENTS: (1) FARBAR Contract
(2) Supplemental Data Sheets/CT
THIS ITEM HAS NOT BEEN PREVIOUSLY SUBMITTED.
FILE NO.:
ACTION REQUESTED:
DI.U~lsho
)~J
Q C~
-yU
'-:) \ c{ _
~bk.)
C-\C-,cJ
~,~
rv-\::
Please review, and if acceptable, initial/sign, or stamp for legal sufficiency,
This item is TIME SENSITIVE, as we have to have it executed and returned to the Seller by
5 PM, on Friday, February 8,2010,
1)~nkYOU very much.
.~...
--C-a
-----
MEMORANDUM
Date:
February 17, 2010
To:
Gary Bigelow, Property Acquisition Specialist
Facilities Management Department
From:
Ann Jennejohn, Deputy Clerk
Minutes & Records Department
Re:
NSP Program Vacant Land Contract
Property Address: Vacant Lot ~ Dominion Dr. Naples
Folio #22624480107
Attached is the original contract, further initialed by the Chair and referenced above
(Item #16D8) approved by the Board of County Commissioners October 27, 2009.
The Minutes and Records Department will hold a copy of the contract in the
Board's Official Records.
If you have any questions, please contact me at 252-8406.
Thank you.
Attachment (1)
ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP
TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO
THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE
Print on pink paper. Attach to original document. Original documents should be hand delivered to the l30ard Office. The completed routillg slip and original
documents are to be fomarded to the Board omce only!t!!tr the Board has taken action on the item.)
ROUTING SLIP
Complete routing lines # 1 through #4 as appropriate for additional signatures, dates, and/or information needed. If the document is already complete with the
exceotion oCthe Chainnan's sienature, draw a line through routing lines #1 throut!h #4, comnlete the checklist, and forward to Sue Filson (line #5).
R!lute to Addressee(s) Office Initials Date
JL}st in routing order)
1.
---
.. .
2.
"
3, ,//----..'....
4, ~
5, Ian Mitchell, BCC Office Board of County Commissioners
Supervisor
6, ~tilnfl:'3 ana Rec61ds Clerk ofC6LUt':'! Offi.Ge
PRIMARY CONTACT INFORMATION
(Th~ primary contact is the holder of the original document pending Bce approval. Normally the primary contact is the person who created/prepared the executive
sUlT'mary. Primary contact information i:-; needed in the evenl onc of the addressees above, including Sue Filson, need to contact staff for additional or missing
information. All original documents needing the Bee Chairman's signature are to be delivered to the BCe office only after the BCC has acted to approve the
item.
~ '
b I &i?LOl0
Phone Number
f?{)73
jCe])f
J
Yes
(Initiai)
N/A(Not
A licable)
Agenda Item Number
(10,-0 T/L/-/c.7
Number of Original
Documents Attached
tJ1~
;JI'V
1)
;J/~
i: Forms/ County Forms/ Bee Forms/ Original Ducumenls Routing Slip WWS Original 9.03.04, Revised 1.26.05, Revised 2.24.05, Revised 9.18.09
1.
INSTRUCTIONS & CHECKLIST
Initial the Yes column or mark "N/A" in the Not Applicable coiumn, whichever is
a TO riate.
Original document has been signed/initialed for iegai sufficiency. (All documents to be
signed by the Chairman, with the exception of most letters, must be reviewed and signed
by the Office of the County Attorney. This includes signature pages from ordinances,
resolutions, etc. signed by the County Attorney's Office and signature pages from
contracts, agreements, etc. that have been fully executed by ail parties except the BCC
Chairman and Clerk to the Board and ossibly State Officials.)
All handwritten strike-fhrough and revisions have been initialed by thc County Attorney's
Office and all other arties exce t fhe BCC Chairman and the Clerk to the Board
The Chainnan's signature line date has been entered as the date ofBCC approval of the
document or the final ne otiated contract date whichever is a licable.
HSign here" tabs are placed on the appropriate pages indicating where the Chairman's
si nature and initials are re uired.
In most cases (some contracts are an exception), the original document and this routing slip
should be provided to ran Mithchcll in the BCC office within 24 hours of BCC approval.
Some documents are time sensitive and require forwarding to Tallahassee within a certain
time frame or the Bee's actions are nullified. Be a are f our deadlines!
The document was approved by the Bee on , 7 0 (enter date) and all changes
made during the meeting have been incorporated in the attached document. The
Count Attorne '5 Office has reviewed the chan cs, if a Jicable.
o
3,
4.
5.
6.
From: Gary Bigelow, Property Acquisition Specialist
Collier County Real Property Management
To: Mr. Ian Mitchell, BCC Office Supervisor
Board of County Commissioners
February 12, 2010
Ian: Attached, please find the routing slip for the FARBAR contract dated February 8,
2010 for which the Chairman has already executed, The Seller has further requested
that we initial the pages where indicated to finalize this Agreement and proceed toward
closing. I have placed "Sign Here" tabs along with highlight arrows for Chairman
Coyle's ease of reference. There are a total of nine (9) initialing blocks to be completed.
Please call me when this item is ready to be picked up. Thank you very much for your
kind assistance. Have a safe and enjoyable President's Day weekend.
Best regards,
~