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� Dnh 3 T6, REAL ESTATE EXCHANGE AGREEMENT Between INDIAN RIVER COUNTY AND CHRISTINE BROWNING This Agreement entered into this 7th day of November, 2006 between Indian River County, a political subdivision of the State of Florida ("the County") 1840 25th Street, Vero Beach, Florida 32960; and Christine Browning, a single woman, 1926 Highland Drive, Vero Beach, Florida 32960 ("Ms. Browning") dated this 7th day of November , 2006 . WHEREAS, the County plans widening and improvements to 9th Street SW (Oslo Road) that will require the utilization of part Ms. Browning ' s property located at 810 9th Street SW, Vero Beach, Florida; and WHEREAS, the County owns a parcel of land adjacent to Ms. Browning and both parcels abut Oslo Road; and WHEREAS, the County and Ms. Browning hereby agree to an exchange of portions of their respective properties as follows : a. The County hereby agrees to convey a portion of its property (identified on Exhibit "A", attached) containing 2,550 square feet to Ms . Browning, and in exchange b. Ms. Browning agrees to convey a portion of her property (identified on Exhibit "B", attached) containing 2,474. 5 square feet to the County; and WHEREAS, each party is indivisibly seized of their respective parcel of property and shall convey marketable title to their respective parcel by warranty deed free of claims, liens, easements, and encumbrances , but subject to property taxes for the year of closing; and WHEREAS, this Exchange Agreement is subject to final approval by the Indian River County Board of County Commissioners (BCC) through the adoption of a Resolution . Such an exchange is allowed under Section 125 . 37, Florida Statutes. Notice is required to be published once a week for two weeks before consideration by the BCC . NOW THEREFORE, in consideration of the mutual terms , conditions, promises and covenants hereinafter, Christine Browning and the County agree as follows : 1 . The above recitals are true and correct and incorporated by reference into this agreement. 2. The County agrees to convey to Ms . Browning the portion of land lying immediately east of her property, consisting of 2, 550 square feet (0. 06 acres) as depicted on Exhibit A attached. 3 . At the same time, Ms. Browning agrees to convey to the County the southern portion of her property located at 810 9th Street SW, Vero Beach, Florida, consisting of 2,474. 55 square feet (0. 06 acres) as depicted on Exhibit B attached.