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DESCRIPTION OF PROPOSED LEASE AREA; <br />PARCEL LYING AND SITUATED EASTERLY OF "AUGUST PARK" <br />SUBDIVISION, IN PART OF SECTION 31, TOWNSHIP 30 SOUTH, RANGE 39 <br />EAST, INDIAN RIVER COUNTY, FLORIDA. <br />COMMENCING AT THE INTERSECTION OF THE EAST RIGHT-OF-WAY LINE <br />OF INDIAN RIVER DRIVE (NEW DIXIE HIGHWAY/OLD U.S. HIGHWAY NOA) <br />AND THE EASTERLY EXTENSION OF THE NORTH LINE OF LOT 2 OF <br />SUBDIVISION OF AUGUST PARK SUBDIVISION, AS RECORDED IN PLAT <br />BOOK 1, PAGE 19, ST. LUCIE COUNTY, FLORIDA; RUN SOUTH 26°56`35" EAST <br />ALONG THE SAID EAST RIGHT-OF-WAY OF INDIAN RIVER. DRIVE A <br />DISTANCE OF 40.97 FEET; THENCE RUN NORTH 62112123" EAST A DISTANCE <br />OF 78.41 FEET TO THE MEAN HIGH WATER LINE OF THE WEST BANKS OF <br />THE INDIAN RIVER LAGOON AS. IT PRESENTLY EXISTS AND POINT OF <br />BEGINNING; FROM SAID POINT OF BEGINNING CONTINUE NORTH 62012'23" <br />EAST A DISTANCE OF 87.77 FEET; THENCE RUN NORTH 28033'59" WEST A <br />DISTANCE OF 21.23 FEET; THENCE RUN NORTH 62°14'49" EAST A DISTANCE <br />OF 39.94 FEET; THENCE RUN NORTH 27°45'11" WEST A DISTANCE OF 11.30 <br />FEET; THENCE RUN NORTH 62050'39" EAST A DISTANCE OF 38.97 FEET; <br />THENCE RUN SOUTH 28004'25" EAST A DISTANCE OF 42.44 FEET; THENCE <br />RUN SOUTH 6103332" WEST A DISTANCE OF 31.51 FEET; THENCE RUN <br />NORTH 28026'28" WEST A DISTANCE OF 3.37 FEET; THENCE RUN SOUTH <br />61023'45" WEST A DISTANCE OF 130.52 FEET TO THE. AFOREMENTIONED <br />MEAN HIGH WATER LINE OF THE WEST BANK OF THE INDIAN RIVER <br />LAGOON; THENCE RUN, NORTH 54007'16" WEST ALONG SAID MEAN HIGH <br />WATER LINE A DISTANCE OF 10.28 FEET TO THE POINT OF BEGINNING. <br />CONTAINING: 3,540.50 SQ -FT- OR 0.08 ACRES MORE OR LESS. <br />SV\07-269S\D0C\DESCRWn0N OF PROPOSED LEASE AREA.doc <br />Attachment A <br />Page 13 of 18 Pages 129 <br />Sovereignty Submerged Lands Lease No. 310008014 <br />