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RESOLUTION NO, 2008- 111 A RESOLUTION BY THE COMMISSIONERS OF INDIAN ACCEPTING THE DEDICATION THE MOORINGS SUBDIVISION, BOARD OF COUNTY RIVER COUNTY, FLORIDA, OF SUBMERGED LANDS IN UNIT 3. WHEREAS, William W. Caldwell, as Trustee, is the owner by Quit -Claim Deed of submerged land that abuts the subdivision known as "Moorings Unit Three" as described in Plat Book 8, Page 63, of the Public Records of Indian River County, Florida (the "Moorings Unit Three Plat") has proposed to deed to Indian River County the submerged land (the "Submerged Land") by Quit -Claim deed, subject to riparian rights and rights of upland owners as more particularly described in the proposed Quit - Claim Deed attached as Exhibit A to this Resolution; and WHEREAS, the Property Appraiser of Indian River County has identified the submerged land with a property identification number and has depicted same on the tax maps of Indian River County all as more particularly described in Exhibit B to this Resolution; and WHEREAS, the dedication of the submerged land is more particularly set forth in the dedication of the Moorings Unit Three Plat, the text of said dedication being attached as Exhibit C to this Resolution; and WHEREAS, a controversy existed as to the potential private rights of development of the Submerged Land which has now been resolved; and WHEREAS, the County Commission deems it to be in the best interest of the County to accept the Quit -Claim Deed subject to the rights of upland owners as more particularly described in Exhibit A; NOW, THEREFORE BE IT RESOLVED, BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: 1. The above recitals are incorporated herein. 2. The County Commission accepts title to the Submerged the quit -claim deed which acceptance is without the obligation to preserve the Submerged Land. I Land as proposed in maintain or otherwise