01/05/1988 AGREEMENT
COMES NOW, the parties, MONROE COUNTY, FLORIDA, party of the first
part, and EDEN HANNON & COMPANY, party of the second part, who enter into
this agreement and understanding in complete satisfaction of any and all claims
between them concerning the acquisition and purchase by Monroe County, Florida of
the Translator System in Monroe County, title which rests in Eden Hannon &
Company, party of the second part.
WITNESSETH:
That for and as a result of the considerations hereinafter enumerated, the
parties do agree that the Lease Purchase Agreement dated January 21, 1983
between these parties relating to the Translator System in Monroe County has been
fully and completely satisfied in that:
1. All lease payments as set forth in said Agreement have been paid;
2. The exercise by the Lessee, the party of the first part, of the option
contained in Paragraph 16 of the aforementioned Agreement has been made and
agreed to in its entirety by the payment of the sum of $196,400, together with
interest in the sum of $9,308.82, making a total of $205
3. That in all other respects, the parties do hereby agree that the conditions
and provisions of that certain Lease Purchase Agreement dated January 21, 1983 by
and between the parties, as amended, have been complied with and that the parties
acknowledge full and complete satisfaction of same; and
4. That as part of this understanding, the party of the second part, Eden
Hannon & Company will enter into and execute a Conditional Bill of Sale to the
party of the first part, Monroe County, Florida, for all appurtenances, properties,
chattels, equipment and things of value covered by said Agreement dated
January 21, 1983, as an intrical part of said agreement and understanding.
5. The Lessee, the party of the first part, will indemnify the Lessor, the
party of the second part, against any sales taxes, transfer taxes, documentary taxes,
and other taxes, charges, assessments of any natures (other than taxes imposed on
the income of the Lessor) assessed by any governmental agency or authority by
reason of the execution and delivery of this Agreement or the Bill of Sale, or the
performance of any of the transactions contemplated by this Agreement, it being the
intent of the parties hereto that the amount of $205,708.82 payable by the Lessee
hereunder will be net of all taxes, charges and assessments.
IN WITNESS WHEREOF, the parties hereto affix their hands and seals as of
this $ th day of January,1988.
MONROE COUNTY, FLORIDA
i
By: l ''''` - " A- -- "'N-Y 6( "
Mayor/Chic an of the Board
of County Commissioners of
Monroe County
(SEAL)
Attest: DANNY L. KOLHAGE, Clerk
I .1. _.t. . - ate, • ! 4.
Clerk /
EDEN HANNON & COMPANY
By� ' � c.itik..
Michael Hannon
Chairman
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