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DESCRIPTION OF PROPOSED LEASE AREA; <br /> PARCEL LYING AND SITUATED EASTERLY OF " AUGUST PARK" <br /> SUBDIVISION, IN PART OF SECTION 31 , TOWNSHIP 30 SOUTH, RANGE 39 <br /> EAST, INDIAN RIVER COUNTY, FLORIDA. <br /> COMMENCING AT THE INTERSECTION OF THE EAST RIGHT-OF-WAY LINE <br /> OF INDIAN RIVER DRIVE (NEW DIXIE HIGHWAY/OLD U.S . HIGHWAY NO . 1 ) <br /> AND THE EASTERLY EXTENSION OF THE NOR'T'H LINE OF LOT 2 OF <br /> SUBDIVISION OF AUGUST PARK SUBDIVISION, AS RECORDED IN PLAT <br /> BOOK 1 , PAGE 19 , ST. LUCIE COUNTY, FLORIDA ; RUN SOUTH 26 °56'35 " EAST <br /> ALONG THE SAID EAST RIGHT-OF-WAY OF INDIAN RIVER DRIVE A <br /> DISTANCE OF 40. 97 FEET ; THENCE RUN NORTH 62012'23 " EAST A DISTANCE <br /> OF 78 . 41 FEET TO THE MEAN HIGH WATER LINE OF THE WEST BANKS OF <br /> THE INDIAN RIVER LAGOON AS IT PRESENTLY EXISTS AND POINT OF <br /> BEGINNING ; FROM SAID POINT OF BEGINNING CONTINUE NORTH 62° 12'23 " <br /> EAST A DISTANCE OF 87 .77 FEET ; 'THENCE RUN NORTH 28 ° 33' 59 " WEST A <br /> DISTANCE OF 21 .23 FEET; THENCE RUN NORTH 62° 14'49 " EAST A DISTANCE <br /> OF 39 . 94 FEET ; THENCE RUN NORTH 27 °45 ' 11 " WEST A DISTANCE OF 11 . 30 <br /> FEET; THENCE RUN NORTH 62°50'39 " EAST A DISTANCE OF 38 . 97 FEET ; <br /> THENCE RUN SOUTH 28004'25 " EAST A DISTANCE OF 42 . 44 FEET ; THENCE <br /> RUN SOUTH 61033132" WEST A DISTANCE OF 31 .51 FEET ; THENCE RUN <br /> NORTH 2826'28 " WEST A DISTANCE OF 3 . 37 FEET ; THENCE RUN SOUTH <br /> 6123 '45 " WEST A DISTANCE OF 130 . 52 FEET TO THE AFOREMENTIONED <br /> MEAN HIGH WATER LINE OF THE WEST BANK OF THE INDIAN RIVER <br /> LAGOON ; THENCE RUN NORTH 54007' 16" WEST ALONG SAID MEAN HIGH <br /> WATER LINE A DISTANCE OF 10 . 28 FEET TO THE POINT OF BEGINNING . <br /> CONTAINING : 3 ,540 . 50 SQ -FT - OR 0.08 ACRES MORE OR LESS . <br /> Attachment A <br /> Page 11 of 16 Pages <br /> SSLL No . 310008014 <br />