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ORDINANCE NO. 2001- 02 7 Northwest one-quarter; then Run South 0 degrees 06 minutes 22 seconds East a distance of 561.24 feet; then run South 52 degrees 04 minutes 04 seconds West a distance of 210.35 feet; then run North 89 degrees 48 minutes 28 seconds West a distance of 117.0 feet; then run South 16 degrees 40 minutes 42 seconds West a distance of 370.0 feet; then run North 89 degrees 48 minutes 28 seconds West a distance of 208.32 feet to the Easterly right-of-way line of U.S. highway No. 1; then run North 19 degrees 05 minutes 57 seconds West along said Easterly right-of-way line a distance of 257.0 feet to the Point of Curvature of a curve concave to the Northeast having a radius of 17,128.75 feet, a central angle of 2 degrees 43 minutes 38 seconds; then along said curve for an arc distance of 815.31 feet; then run North 89 degrees 58 minutes 24 seconds East a distance of 129.87 feet; then run North 0 degrees O1 minutes 13 seconds E a distance of 25.0 feet to the Point of Beginning. Containing 15.46 acres, more or less. Is changed from RM -6, Multiple -Family Residential District (up to 6 units/acre), to CG, General Commercial District. The zoning of the following described property situated in Indian River County, Florida, to -wit: A parcel of land lying in the Southeast 1/4 of the Northwest 1/4 of Section 23, Township 32 South, Range 39 East being more fully described as follows: Beginning at the southwestern most corner of the Fairways at Grand Harbor as recorded in Plat book 15, Page 50 of the Public Records of Indian River County, Florida; then North 0 degrees 06 minutes 09 seconds West, along the platted line of The Fairways, a distance of 696.41 feet; then North 89 degrees 42 minutes 10 seconds West, along the platted line of The Fairways, a distance of 70.00 feet; then North 0 degrees 06 minutes 09 seconds West, along the platted line of The Fairways, a distance of 470.67 feet; then leaving the platted line of The Fairways, South 89 degrees 45 minutes 49 seconds East, a distance of 537.70 feet; then North 59 degrees 05 minutes 56 seconds East, a distance of 186.65 feet to a point of non tangent curve located on the west right-of-way line of Indian River Boulevard; then along a curve to the left on said west right-of-way line, which radius bears North 59 degrees 49 minutes 14 seconds East having a delta of 0 degrees 55 minutes 19 seconds a radius of 2,000.00 feet an arc length of 32.18 feet to a point of compound curve; then along a curve to the left having a delta of 06 degrees 42 minutes 16 seconds a radius of 3,965.97 feet an arc length of 464.07 feet; then South 04 degrees 54 minutes 28 seconds West, a distance of 61.36 feet to the southerly platted line of The Fairways; then South 46 degrees 22 minutes 29 seconds West, along said platted line, a distance of 1145.39 feet; then North 89 degrees 38 minutes 09 seconds West, along said platted line, a distance of 70.20 feet to the POINT OF BEGINNING. Page 2 of 4