Proposed exchange of real property in Indian River County for approval.

NOTICE OF PROPOSED EXCHANGE OF REAL PROPERTY
Indian River County (County) is proposing an exchange of real property with Pellegrino and Michelle Barone (Barone), Oslo Road Agriculture, LLC (Oslo) and Beale Holdings, Inc. (Beale). The terms and conditions of the exchange agreement are as follows:
1. The above recitals are true and correct and incorporated by reference into this agreement.
2. Barone agrees to convey to the County a parcel of property located on the west side of the Lateral C Canal along 74th Avenue, consisting of 78,408 square feet (1.80 acres).
3. Oslo agrees to convey to the County a 35,811 square foot (0.82 acres) parcel of property to the County. Said parcel is located on the west side of the Lateral C Canal along 74th Avenue.
4. Beale agrees to convey to the County a 37,495 square foot (0.86 acres) parcel of property to the County. Said parcel is located on the west side of the Lateral C Canal along 74th Avenue.
5. At the same time, the County agrees to convey to Barone, a portion of property west of 74th Avenue between 1st Street SW and 5th Street SW consisting of 78,408 square feet (1.80 acres).
6. At the same time, the County agrees to convey to Oslo, a portion of property west of 74th Avenue between 1st Street SW and 5th Street SW consisting of 35,811 square feet (0.82 acres).
7. At the same time, the County agrees to convey to Beale a portion of property west of 74th Avenue between 1st Street SW and 5th Street SW consisting of 37,493 square feet (0.86 acres).
8. All of the above conveyances shall be made via Quit Claim Deed, with the County responsible for the cost of recording those deeds.
9. If Barone, Oslo and/or Beale are required to obtain a partial release of mortgage on their property they convey to the County, the County will agree that the partial release may be held in escrow until the closing of this exchange.
10. Barone, Oslo and Beale shall remove any of their personal property from the property conveyed to the County prior to the date of Closing.
11. The County shall be responsible for preparation of the Quit Claim Deeds and the sketch and legal descriptions of the parcels to be conveyed.
12. Barone, Oslo and Beale shall pay the following expenses at or prior to Closing:
a. Property taxes, if any, prorated to the Closing date.
13. In the event a dispute arises over this agreement, Barone, Oslo and Beale and the County shall each pay their own attorneys' fees and costs.
14. This Agreement with its attachments constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements, written or oral.
Anyone who wants to inspect any maps showing the parcels to be exchanged may do so at the County Administration Building, County Attorneys Office, 2nd Floor, 1801 27th Street, Vero Beach, Florida.
The proposed exchange agreement shall be considered for approval by the Board of County Commissioners of Indian River County at their regular meeting in Commission Chambers, 1801 27th Street, Vero Beach, Florida at 9:00 a.m. on Tuesday, May 5, 2026.
Anyone who needs a special accommodation for this meeting must contact the County's Americans With Disabilities Act (ADA) Coordinator at 772-226-3491 at least 48 hours in advance of the meeting.
INDIAN RIVER COUNTY
BOARD OF COUNTY COMMISSIONERS
DERYL LOAR, CHAIRMAN
TCN#12262078; April 21 & 28, 2026