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ORDINANCE NO, 2007- 040 RAILWAY RIGHT-OF-WAY AND EAST OF STATE ROAD 5 (OLD U.S. HIGHWAY No. 1, BEING OLD DIXIE HIGHWAY). LESS AND EXCEPT THE SOUTH 351.58 FEET OF THE NORTHWEST 1/4 OF SECTION 23, TOWNSHIP 32 SOUTH, RANGE 39 EAST, LYING BETWEEN THE DIXIE HIGHWAY (OLD U.S. #1) AND THE NEW FOUR LANE U.S. HIGHWAY #1, INDIAN RIVER COUNTY, FLORIDA. ALSO LESS AND EXCEPT THE LAND CONVEYED TO INDIAN RIVER COUNTY BY THE DEED RECORDED APRIL 25, 2002 IN OFFICIAL RECORDS BOOK 1484, PAGE 661, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA, DESCRIBED AS FOLLOWS: A PARCEL OF LAND LYING PARTIALLY IN SECTION 22 AND SECTION 23, TOWNSHIP 32 SOUTH, RANGE 39 EAST, MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE INTERSECTION OF THE NORTH LINE OF SECTION 22, TOWNSHIP 32 SOUTH, RANGE 39 EAST AND THE EAST RIGHT-OF-WAY LINE OF OLD DIXIE HIGHWAY) 66' WIDE), AND RUN SOUTH 15 DEGREES 09 MINUTES I I SECONDS EAST A DISTANCE OF 31.19 FEET TO THE POINT OF BEGINNING. THEN RUN SOUTH 89 DEGREES 41 MINUTES 31 SECONDS EAST, CROSSING THE LINE BETWEEN SECTIONS 22 AND 23, A DISTANCE OF 260.02 FEET TO A POINT IN A LINE DESCRIBED IN A DEED TO THE FLORIDA ROAD DEPARTMENT RECORDED IN OFFICIAL RECORDS BOOK 99, PAGE 648, THEN RUN SOUTH 00 DEGREES 18 MINUTES 29 SECONDS WEST, ALONG THE LINE 10.00 FEET TO A POINT, THEN RUN SOUTH 89 DEGREES 41 MINUTES 31 SECONDS EAST, STILL ALONG THE FLORIDA ROAD DEPARTMENT, A DISTANCE OF 36.79 FEET TO A POINT OF CURVE OF A CURVE CONCAVE TO THE SOUTH HAVING A RADIUS OF 25 FEET AND A CENTRAL ANGLE OF 73 DEGREES 58 MINUTES 50 SECONDS, THEN RUN ALONG THE CURVE TO THE RIGHT, AN ARC DISTANCE OF 32.28 FEET TO A POINT OF REVERSE CURVE FROM WHICH THE RADIUS POINT BEARS NORTH 74 DEGREES 17 MINUTES 19 SECONDS EAST A DISTANCE OF 17,248.75 FEET. THEN RUN ALONG THE CURVE, THROUGH A CENTRAL ANGLE OF 00 DEGREES 04 MINUTES 09 SECONDS, AN ARC DISTANCE OF 20.82 FEET TO A POINT OF CURVE OF A NON -TANGENT 25 -FOOT RADIUS CURVE, WHOSE CHORD BEARS NORTH 52 DEGREES 44 MINUTES 10 SECONDS WEST, THEN RUN ALONG THE CURVE, THROUGH A CENTRAL ANGLE OF 73 DEGREES 54 MINUTES 41 SECONDS, AN ARC DISTANCE OF 32.25 FEET TO A POINT OF TANGENCY, THEN RUN NORTH 89 DEGREES 41 MINUTES 31 SECONDS WEST A DISTANCE OF 269.24 FEET TO A POINT, THEN RUN SOUTH 37 DEGREES 34 MINUTES 39 SECONDS WEST A DISTANCE OF 30.28 FEET TO A POINT IN THE EAST RIGHT-OF-WAY OF OLD DIXIE HIGHWAY. THEN RUN SOUTH 37 DEGREES 34 MINUTES 39 SECONDS WEST A DISTANCE OF 30.28 FEET TO A POINT IN THE EAST Page 2 of 4