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Fort Walton Beach Ordinance — 2070--116 Hollywood - Disposition of Property — reading text
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CITY OF a request. For Hearing
OF
of the
preceding the first
publication dial
one year next FORT WALTON Impaired,
attached of advertisement; and affiant further says BEACH, FLORIDA, 1- 800- 955- 8771 ( TDD)
copy
person, firm AUTHORIZING THE or 1- 800-955- 8770
that( s) he has neither paid nor promised any
DISPOSITION OF ( VOICE) or e-mail
rebate, commission or refund
or corporation any discount,
REAL PROPERTY LO- clerk@fwb. org.
this advertisement for
for the purpose of securing GATE AT 116 HOE- 2021
publication in the said newspaper. LYWOOD
LYWO BOULE- 05/00140
05/00140DN
VARD SW, DE-
S' gnanrre of Affiant
SCRIBED HEREIN, TO
LBC HOLDINGS, INC.,
Ai$ A j A A AND
AND
AUTHORIZING
DIRECTING
CLOSURE BY THE
Sworn to and subseri. d before me this MAYOR, CITY MAN-
AGER, CITY ATTOR-
c_' day of
4` Lit NEY, AND CITY
RK; AND PROVID-
ING'_ AN
ING EFFECTIVE
i„•.._
DATE.
E' ' t
i u• ''' 1 v
g; MYCAMMISSION# G 2
r"s„ eP, EXPIRES: November 12, 202'2
Pathe Underwriters
A, t4• Bonded 7tuu NotsrY _
0: ,. 1: 1111Cd
Nall • - t c
Personally known X
or produced identification
Type of Identification Produced
Commercial Contract
Buyer")
1'
1. PARTIES AND PROPERTY: LBC Holding, Inc.
Seller")
2 • agrees to buy and_ _ City of Fort Walton Beach, Florida
3 . _.
A. IJ_
i J3_
4. 14 :
c!:•-., cod Blvd., N. W., Fort Walton Beach, FL 32548
4 •
5 " Legal Description: A portion of tax If)# 14_2S- 24- 0100. 00nn-0030 Appmximalely 750 feet on Hollywood Blvd x 275 feet deep_
6 '
7 •
and the following Personal Property:
8 •
9 ( all collectively referred to as the" Property") on the terms and conditions set forth below.
280, 000. 00
10 • 2. PURCHASE PRICE:
Realty House S 5, 000. 00 *
a) Deposit held in escrow by
2 Escrow Agent") ( checks are subject to actual and final collection)
3 • Escrow Agent' s address: 11 Racetrack Road, NE. Suite H- 1 Phone: 850-244- 9117
Fort Walton Beach, FL 32548
4 b) Additional deposit to be made to Escrow Agent
within days after Effective Date $
c) Additional deposit to be made to Escrow Agent within! days after Effective Date $
16 • (
d) Total financing ( as referenced in Paragraph 5)
17 • ( e) Other: __
Balance to close, subject S 275, 000. 00
16 * ( f) All deposits will be credited to the purchase price at closing.
19 to adjustments and prorations, to be paid locally with drawn cashier's or official bank
20 check( s) or wire transfer.
21 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless2020
this offer, isthis
signed by Seller
offer will be
on or before August 12,
22 * and Buyer and an executed copy delivered to all parties
23 withdrawn and the Buyer's deposit, if any, will be returned The time for acceptance of any counter offer will be 3
24
days from the date the counter offer is delivered. The " Effective Date" of this Contract is the date on which the
delivered this offer or the fir?! c c"
last one of the Seller and Buyer has signed or initialed
25 and
26 Calendar days will be used when computing time periods, except time periods of 5 days or less. Time peri±
27 days or less will be computed without including Saturday, Sunday, or national legal holidays. Any time period ending
28
on a Saturday, Sunday, or national legal holiday will extend until 5: 00 p. m. of the next business day. Time is of the
29 essence in this Contract.
30 4. CLOSING DATE AND LOCATION:
S. a) Closing-Dare: This hdrlsdti. tion will be dosed on Novernt) er 6. 2020 ( Closing Date•), unless specifically
32
extended by other provisions of this Contract. The Closing Date will prevail over all other time periods including, but
33
not limited to. Financing and Due Diligence periods. In the event insurance underwriting is suspended on Closing
34 Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after the
35 insurance underwriting suspension is lifted
36 • BuyerOtiii( and Seller( 32cr,
3_)( acknowledge receipt of a copy of this page. which is page 1 of 8 Pages
REV 12/ 1C 02010 Florida REALTORSw. All Rights Reserved
CC- 4
Due within 24 hours of acceptance of contract
Form generated by rime Formswww.lrueForres. com Ham'- 499- 85'
37 * ( b) Location: Closing will take place in Okaloosa County, Florida. ( If left blank, closing
38
will take place in the county where the property is located.) Closing may be conducted by mail or electronic means.
39 5. THIRD PARTY FINANCING:
40