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1 . 1 in fee simple , the parcel of real property located along 66th Avenue <br /> between State Road 60 and 261 Street, Indian River County , and which is more <br /> specifically described in Exhibit "B" attached hereto and incorporated herein by- <br /> this <br /> ythis reference herein containing 2 ,995 square feet or 0 . 069 <br /> acres and shall, be <br /> used as right-of--way for the County's 6e Avenue Improvement. Project (" Parcel <br /> 127'x , and <br /> 1 . 2 by perpetual , non-exclusive easement, for stormwater drainage, treatment <br /> and detention over the Association Owned Lake System containing <br /> approximately 16 .41 acres located at approximately the center of Association's <br /> portion. of the lakes to the shoreline closest to the condominium buildings , for the <br /> County's 66th Avenue Improvement Project which represents the Association's <br /> approximate Interest in the Association Owned Lake System (the "Drainage <br /> Easement") . The Drainage Easement shall only be for such uses as allowed by <br /> the Permit, pursuant to the Non-Exclusive Easement Agreement attached as <br /> Exhibit "C" hereto ; and <br /> 1 . 3 by perpetual, non-exclusive easement, for stormwater drainage , <br /> treatment and detention over Parcel 127A as also described and depicted in <br /> Exhibit "C" attached hereto and incorporated herein containing approximately <br /> 0 . 02 acres located at the entrance to Vista Plantation off of 66M Avenue for the <br /> County's 66th Avenue improvement project (the " 127A Easement') . <br /> Collectively, i) Parcel 127 , ii) the Drainage Easement,. and ill ) <br /> the 127A Easement may hereinafter be jointly and <br /> collectively referred to as the "Property" . <br /> Collectively , i) the Drainage Easement and ii) the 127A <br /> Easement may be jointly and collectively referred to as the <br /> "Easements". <br /> 2 . Purchase Price: Effective Date . The Country shall pay the Association ONE <br /> HUNDRED NINETY-FIVE THOUSAND SEMEN HUNDRED FIFTY AND 77/100 dollars <br /> ($ 195 , 750 . 77) for the Property (the " Purchase Price") . The Purchase Price shall be paid <br /> on the "Closing Date" (as such term is hereinafter defined) . The Purchase Price is <br /> inclusive of all expert witness fees, costs and attomey's fees incurred by the <br /> Association . The Effective Date of this Agreement shall be the latter of the date upon <br /> which the County shall have approved the execution. of this Agreement, by the Indian <br /> River County Board of County Commissioners, at a formal meeting of such Board , or <br /> the date upon which this Agreement is approved by the Association's Board of <br /> Directors.. <br /> 3 . Property Conveyances. <br /> 3 <br /> _ -I <br />