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RESOLUTION NO. 77- 115 WHEREAS, Indian River County is interested in expanding _•its parks and recreational land holdings; and -WHEREAS, the CIBA-GEIGY CORPORATION has indicated a willingness to convey certain lands describedscribed as: • :•-'"The Northwest one-quarter of the Southwest one-quarter, less the West 40 feet for road right of way purposes, Section 4, Township 32 South, Range 39 East; said lands --lying and being within Indian River County, Florida . and WHEREAS, the Board of County Commissioners of.Indian River County, Florida is willing to accept a conveyance of the • above described lands under the condition that the lands remain in a natural state, that they be used for park and recreational purposes, and that the conveying document contains a reverter clause effectuating a reverter of the property to the CIBA-GEIGY CORPORATION in the event the lands were not used for park and recreational purposes; and • WHEREAS, Indian River County, in the future, may have a need to establish well fields on.the property and CIBA-GEIGY CORPORATION recognizes that the establishment of a well field and distribution lines would not be a violation of the above - stated reverter clause; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, That in the event the CIBA-GEIGY CORPORATION were willing to transfer the Northwest one-quarter of the Southwest one-quarter less the West 40 feet for road right of way purposes, Section 4, Township 32 South, Range 39 East; said lands lying and being in Indian River County, Florida that the Board would accept said conveyance, subject to the restrictions as established in the Whereas Clauses above. This Resolution shall become effective as of the 16th day of November, 1977. ATTEST: aLAI,_Mt'1444L Clerk NOV 16 1977 BOARD OF COUNTY COMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA By, a i i.ara . 1•;o e, Jr. lairman BODK 3?PA-F 41 Ii