2017-364 Planning - Seven Mile Farms, LLC - Offer to Purchase and Contract

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8. CONDITIONS: (a) Seven Mile Farm agrees to allow Buyer access to the First Easement Area and the Second Easement Area for the purpose of inspecting, testing and analyzing the properties at any time prior to the closing of the purchase of the First Easement and the Second Easement, provided, however, soil disturbance activities on the First Easement Area shall be kept to a minimum prior to Closing. (b) Any and all deeds of trust, liens or other charges against the First Easement Area and the Second Easement Area shall be released by the holders or owners thereof (or subordinated to the Easements)prior to or at Closing. B. PURCHASE AND SALE OF THE PUMP STATION PARCEL 1. PURCHASE PRICE: The purchase price for the Pump Station Parcel shall be THIRTEEN THOUSAND EIGHT HUNDRED AND 00/100 DOLLARS ($13,800.00) based on a per acre price of FIFTEEN THOUSAND DOLLARS and 00/100 ($15,000.00) excluding square footage located within the public right of way as determined by the "Lot & Acreage" calculations for the Pump Station Parcel listed on Exhibit C plus any amount due Seven Mile Farm as the result of the calculation made in Article B, Section 5(c) below for ad valorem taxes (including all deferred taxes) assessed for current and prior calendar years, as applicable, on the Pump Station Parcel. The purchase price shall be paid in the form of a good funds check to Seven Mile Farm at the Closing. Buyer and Seven Mile Farm agree that the Pump Station Parcel will be conveyed pursuant to a final subdivision plat recorded in the Orange County Registry. If the final subdivision plat contains Lot and Acreage calculations for the Pump Station Parcel that are different than those shown on Exhibit C, then the parties agree to execute an amendment to this Agreement on or before Closing to adjust the purchase price to the actual amount owed pursuant to the per acre calculation contained herein.