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ORDINANCE NO. 2003- 026 RADIUS OF 275.00 FEET AN ARC LENGTH OF 282.58 FEET; THENCE S26°10'54"E, A DISTANCE OF 8.98 FEET; THENCE N89°54'41 "W, A DISTANCE OF 289.82 FEET TO A POINT ON THE QUARTER SECTION LINE; THENCE ALONG SAID QUARTER SECTION LINE, S0000510711W, A DISTANCE OF 592.45 FEET BACK TO THE POINT OF BEGINNING, CONTAINING 150305512 SQUARE FEET OR 23.7 ACRES, MORE OR LESS. SUBJECT TO ALL EASEMENTS, RESTRICTIONS AND RESERVATIONS OF RECORD, BEING A PART OF SECTION 23, TOWNSHIP 32 SOUTH, RANGE 39 EAST, INDIAN RIVER COUNTY, FLORIDA, BEING MORE FULLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 23; THENCE ALONG THE SOUTH LINE OF SAID SECTION 23, N89°54'01 "W, A DISTANCE OF 2,189.54 FEET; THENCE N00°05'07"E, A DISTANCE OF 1,987.44 FEET TO THE POINT OF BEGINNING; THENCE N63°49'09"E, A DISTANCE OF 131.97 FEET TO A POINT ON THE WESTERLY RIGHT-OF-WAY LINE OF INDIAN RIVER BOULEVARD; THENCE ALONG SAID WESTERLY RIGHT-OF-WAY LINE OF INDIAN RIVER BOULEVARD, S2601011711E, A DISTANCE OF 65.13 FEET; THENCE N89°54'44"W, A DISTANCE OF 147.15 FEET BACK TO THE POINT OF BEGINNING. CONTAINING 4,297.71 SQUARE FEET OR 0.10 ACRES, MORE OR LESS, SUBJECT TO ALL EASEMENTS, RESTRICTIONS AND RESERVATIONS OF RECORD. Are redesignated from C/1, Commercial/Industrial, to M4, Medium -Density Residential -1 (up to 8 units/acre), and the Future Land Use Map is hereby revised accordingly. AND BEING A PART OF SECTION 235 TOWNSHIP 32 SOUTH, RANGE 39 EAST, INDIAN RIVER COUNTY, FLORIDA, BEING MORE FULLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 23; THENCE ALONG THE SOUTH LINE OF SAID SECTION 23, N89°54'01 "W, A DISTANCE OF 2,340.23 FEET; THENCE N00005'07"E, A DISTANCE OF 1,913.04 FEET TO THE POINT OF BEGINNING; THENCE N2601 0'50"W, A DISTANCE OF 82.94 FEET; THENCE S89'54'41 "E' A DISTANCE OF 187.39 FEET; THENCE S63049'09"W, A DISTANCE OF 168.03 FEET BACK TO THE POINT OF BEGINNING. CONTAINING 6,968 SQUARE FEET OR 0.2 ACRES, MORE OR LESS. SUBJECT TO ALL EASEMENTS, RESTRICTIONS AND RESERVATIONS OF RECORD.