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ava � — a7c)� <br /> RELEASE OF EASEMENT <br /> This Release of Easement is made this 1 nth day of n � , 2006_, by <br /> INDIAN RIVER COUNTY, a political subdivision of the State of Florida ("County") : <br /> WITNESSETH <br /> WHEREAS , subject to an estate in Disney Vacation Development, Inc. for a term of years <br /> ending on January 31 , 2042, Walt Disney World Hospitality and Recreation Corporation is the fee <br /> simple owner of certain real property situated in Indian River County, Florida, which is currently <br /> undergoing development for residential resort use; and <br /> WHEREAS, the establishment of a Conservation Easement is required by Indian River <br /> County Code Section 929.05 with respect to native plant communities which occur on-site, and by <br /> FDEP Permit IR-457 with respect to the beach/dune system; and <br /> WHEREAS , the Conservation Easement described above was established and recorded at <br /> O .R. Book 1039, Page 2590, Public Records of Indian River County, on November 17, 1994 over <br /> Conservation Areas 1 and 2 of Parcel A as shown on the plat of Florida Beach Resort, according to <br /> the plat thereof recorded in Plat Book 13 , Page 30, Public Records of Indian River County ("The <br /> Plat"), and on Conservation Areas 3 and 4 of Parcel B of the Plat; and <br /> WHEREAS, the design and the development for Parcel B has been modified from that <br /> originally contemplated in 1994, and the County agrees that it will be of mutual benefit to revise the <br /> Original Conservation Easement by releasing as to Parcel B, Conservation Areas 3 and 4, from the <br /> Original Conservation Easement, and in lieu and in place thereof, enter into a Revised Conservation <br /> Easement with respect to Parcel B only; and <br /> Page 1 of 2 <br />