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HomeMy WebLinkAbout2005-105 T AGREEMENT TO PURCHASE AND SELL REAL ESTATE / THIS AGREEMENT TO PURCHASE AND SELL REAL ESTATE ( " Agreement" ) is made and entered into as of the 29thday of March 200 5 , by and between Indian River County , a political subdivision of the State of Florida (` County" ) , and Holiday Builders , Inc . , a Florida corporation , ( " Seller" ) , who agree as follows : 1 . Agreement to Purchase and Sell . The Seller hereby agrees to sell to the County , and the County hereby agrees to purchase from Seller , upon the terms and conditions set forth in this Agreement , that certain parcel of real property located at 1350 8th Street , County of Indian River , State of Florida and more specifically described on Exhibit "A " , attached hereto and incorporated by this reference , containing 21 , 799 . 15 square feet ( . 50 acre ) , and all improvements thereon , together with all easements , rights and uses now or hereafter belonging thereto ( collectively , the " Property' ' ) . NOTE : The total right-of-way to be conveyed is a depth of 40 feet , fora total of 43 , 598 . 3 . quare feet ( approximately 1 acre ) . Of this , the south 20 feet ( see Exhibit " B " , attached hereto and incorporated by this reference ) is dedicated without compensation per the County' s Land Development Regulations , and the North 20 feet ( Exhibit " A" ) is by purchase . The Purchase Price below represents compensation for the Exhibit "A " property . 2 . Purchase Price , Effective Date . The purchase price (the " Purchase Price " ) for the Property shall be Twelve Thousand Two Hundred Seventy-Two Dollars ( $ 12 , 272 . 00 ) . The Purchase Price shall be paid on the Closing Date . The Effective Date of this Agreement shall be the date upon which the County shall have approved the execution of this Agreement , either by approval by the Indian River County Board of County Commissioners at a formal meeting of such Board or by the County Administrator pursuant to his delegated authority . 3 . Title . Seller shall convey marketable title to the Property by warranty deed free of claims , liens , easements and encumbrances of record or known to Seller; but subject to property taxes for the year of Closing and covenants , restrictions and public utility easements of record provided ( a ) there exists at Closing no violation of any of the foregoing ; and ( b ) none of the foregoing prevents County' s intended use and development of the Property (" Permitted Exceptions " ) . 3 . 1 County may order an Ownership and Encumbrance Report or Title Insurance Commitment with respect to the Property . County shall within fifteen ( 15 ) days following the Effective Date of this Agreement deliver written notice to Seller of title defects . Title shall be deemed acceptable to County if ( a ) County fails to deliver notice of defects within the time specified , or ( b ) County delivers notice and Seller cures the defects within thirty ( 30 ) days from receipt of notice from County of title defects ( " Curative Period " ) . Seller shall use best efforts to cure the defects within the Curative Period and if the title defects are not cured within the Curative Period , County 0211 have thirty ( 30 ) days from the end of the Curative Period to elect _ by written notice to Seller, to : ( i ) to terminate this Agreement , whereupon shall be of no further force and effect , or ( ii ) extend the Curative Period for up to an additional 90 days ; or ( iii ) accept title subject to existing defects and proceed to closing . 4 . Representations of the Seller. FAPublic Works\Capital Projects\M isc. Agreements\VaienciaPointe8thStRW 1 - 13 -05 .doc 1 RLXreey 'N 72,7 .I ojee foC! f/Ty 4 . 1 Seller is indefeasibly seized of marketable , fee simple title to the Property , and is the sole owner of and has good right , title , and authority to convey and transferthe Property which is the subject matter of this Agreement , free and clear of all liens and encumbrances . 4 . 2 From and after the Effective Date of this Agreement , Seller shall take no action which would impair or otherwise affect title to any portion of the Property , and shall record no documents in the Public Records which would affect title to the Property , without the priorwritten consent of the County . 4 . 3 There are no existing or pending special assessments affecting the Property , which are or may be assessed by any governmental authority , water or sewer authority , school district , drainage district or any other special taxing district . 5 . Default . 5 . 1 In the event the County shall fail to perFnt-m any of its obligations hereunder , the Seller shall , at its sole option , be entitled to : ( i ) terminate this Agreement by written notice delivered to the County at or prior to the Closing Date and thereupon neither the Seiler nor any other person or party shall have any claim for specific performance , damages , or otherwise against the County ; or ( ii ) waive the County ' s default and proceed to Closing . 5 . 2 In the event the Seller shall fail to perform any of its obligations hereunder , the County shall , at its sole option , be entitled to : ( i ) terminate this Agreement by written notice delivered to the Seller at or prior to the Closing Date and thereupon neither the County nor any other person or party shall have any claim for specific performance , damages or otherwise against the Seller; or ( ii ) obtain specific performance of the terms and conditions hereof; or ( iii ) waive the Seller' s default and proceed to Closing : 6 . Closing . 6 . 1 The closing of the transaction contemplated herein ( " Closing " and " Closing Date" ) shall take place within 60 days following the Effective Date of this Agreement . The parties agree that the Closing shall be as follows : ( a ) The Seller shall execute and deliver to the County a warranty deed conveying marketable title to the Property , free and clear of all liens and encumbrances and in the condition required by paragraph 3 . ( b ) The Seller shall have removed all of its personal property and equipment from the Property and Seller shall deliver possession of the Property to County vacant and in the same or better condition that existed at the Effective Date hereof . ( c ) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails to do so , County may use a portion of Purchase Price funds to satisfy the encumbrances . F :\Public Worlcs\Capital Projects\Mist . Agreements\ValenCiaPointe8tl]StRWl - I3-05 .doc 2 ( d ) If the Seller is a non - resident alien or foreign entity , Seller shall deliver to the County an affidavit , in a form acceptable to the County , certifying that the Seller and any interest holders are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980 . ( e ) The Seiler and the County shall each deliver to the other such other documents or instruments as may reasonably be required to Close this transaction . 6 . 2 Prorations . All taxes and special assessments which are a lien upon the property on or prior to the Closing Date ( except current taxes which are not yet due and payable ) shall be paid by the Seller , If the Closing Date occurs during the time interval commencing on November 2 and ending on December 31 , Seller shall pay all current real estate taxes and special assessments levied against the Property , prorated based on the " due date " of such taxes established by the taxing authority having jurisdiction over the Property . If the Closing Date occurs between January 1 and November 1 , the Seller shall , in accordance with Florida Statutes section 196 . 295 , pay an amount equal to the current rea ! estate taxes and assessments , prorated to the Closing Date . 7 . Closina Costs ; Expenses . County shall be responsible for preparation of all Closing documents . 7 . 1 County shall pay the following expenses at Closing : 7 . 1 . 1 The cost of recording the warranty deed and any release or satisfaction obtained by Seller pursuant to this Agreement . 7 . 1 . 2 Documentary Stamps required to be affixed to the warranty deed . 7 . 1 . 3 All costs and premiums forthe owner' s marketability title insurance commitment and policy , if any . 7 . 2 Seller shall pay the following expenses at or prior to Closing : 7 . 2 . 1 All costs necessary to cure title defect ( s ) or encumbrances , other than the Permitted Exceptions , and to satisfy or release of record all existing mortgages , liens or encumbrances upon the Property . 7 . 3 The Seller and County shall each pay their own attorneys ' fees . 8 . Miscellaneous . 8 . 1 Controlling Law . This Agreement shall be construed and enforced in accordance with the laws of the State of Florida . Venue shall be in Indian River County for all state court matters , and in the Southern District of Florida for all federal court matters . 8 . 2 Condemnation . In the event that all or any part of the Property shall be acquired or condemned for any public or quasi - public use or purpose , or if any acquisition or condemnation FAPublic Warl<s\CapitalProjects\Misc.Agreements\ValciiciaPointe8tliStRWI - 13-05 . doc 3 proceedings shall be threatened or begun prior to the Closing of this transaction , County shall have the option to either terminate this Agreement , and the obligations of all parties hereunder shall cease , or to proceed , subject to all other terms , covenants , conditions , representations and warranties of this Agreement , to the Closing of the transaction contemplated hereby and receive title to the Property ; receiving , however , any and all damages , awards or other compensation arising from or attributable to such acquisition or condemnation proceedings . County shall have the right to participate in any such proceedings . 8 . 3 Entire Agreement . This Agreement constitutes the entire agreement between the parties with respect to this transaction and supersedes all prior agreements , written or oral , between the Seller and the County relating to the subject matter hereof. Any modification or amendment to this Agreement shall be effective only if in writing and executed by each of the parties . 8 . 4 Assignment and Binding Effect . Neither County nor Seller may assign its rights and obligations under this Agreement without the prior written consent of the other party . The terms hereof shell be binding upon and shall inure to the benefit of the parties hereto and their successors and assigns . 8 . 5 Notices . Any notice shall be deemed duly served if personally served or if mailed by certified mail , return receipt requested , or if sent via "overnight " courier service or facsimile transmission , as follows : If to Seller : Holiday Builders , Inc . 2293 W . Eau Gallie Boulevard , Melbourne , Florida 32935 Attn : Richard W . Hawkes If to County : Indian River County 184025 1h Street , Vero Beach , FL 32960 Attn : William M . Napier , Right-of-Way Agent Facsimile # ( 772 ) 778 - 9391 Either party may change the information above by giving written notice of such change as provided in this paragraph . 8 . 6 Survival and Benefit . Except as otherwise expressly provided herein , each agreement , representation or warranty made in this Agreement by or on behalf of either party , or in any instruments delivered pursuant hereto or in connection herewith , shall survive the Closing Date and the consummation of the transaction provided for herein . The covenants , agreements and undertakings of each of the parties hereto are made solely for the benefit of , and may be relied on only by the other party hereto , its successors and assigns , and are not made for the benefit of, nor may they be relied upon , by any other person whatsoever . 8 . 7 Attorney' s Fees and Costs . In any claim or controversy arising out of or relating to this Agreement , each party shall bear its own attorney ' s fees , costs , and expenses . 8 . 8 . Counterparts , This Agreement may be executed in two or more counterparts , each one of which shall constitute an original . FAPublic Works\Capital Projects\Misc. Agreements\ValenciaPointe8thStRWI - t3 -05 . doc 4 8 . 9 . County Approval Required : This Agreement is subject to approval by the Indian River County as set forth in paragraph 2 . 8 . 10 Beneficial Interest Disclosure : In the event Seller is a partnership , limited partnership , corporation , trust , or any form of representative capacity whatsoever for others , Seller shall provide a fully completed , executed , and sworn beneficial interest disclosure statement in the form attached to this Agreement as an exhibit that complies with all of the previsions of Florida Statutes Section 286 . 23 prior to approval of this Agreement by the County . However , pursuant to Florida Statutes Section 286 . 23 ( 3 ) ( a ) , the beneficial interest in any entity registered with the Federal Securities and Exchange Commission , or registered pursuant to Chapter 517 , Florida Statutes , whose interest is for sale to the general public , is exempt from disclosure ; and where the Seller is a non - public entity , that Seller is not required to disclose persons or entities holding less than five ( 5 % ) percent of the beneficial interest in Seller . IN WITNESS WHEREOF , the undersigned have executed this Agreement as of the date first set forth above . SELLER : COUNTY : HOLIDAY UILLS , INC . INDI N RIVER COUNTY , F ORIDA By �-- By : 1.-- .3 M a Thomas S . Lowther , Chairman ate Signed : Date Signed : March 29 , 2005 Attest : J . K . Barton , Clerk . F : By Deputy Jerk By County hl:-Wt W,ay' �;g8nt . e Approved: By coltry Administrator App ve s form and ie Gd mty Attorney FAPublic Works\Capital Projects\Mise .Agreements\Valenciapointe8thStRWI - 13-05 . doc 5 1 1 N00002'38" E BEL- PORTE PARK SUBDIVISION 20 00' Plat Book 5, Page 22 , SW CORNER lJgFWZD. Lateral E . Cana 1 60 ' Pm SEC . II - 33 - 3q 60 .00' N00002'38" E 564 . 15' FD R . R . SPIKE 401 20' 7zWest Line Of The Sal /4 Of The Sel /4 Of Sec . If 60' 60' m in m 3 1 Q' 0 GRAPHIC SCALE 100 0 50 100 J (� Jc l IN FEET J I inch = 100 ft . ' 0 n 44� U m A Proposed lu m m , o � S Valencia Pointe Subdivision LU 313 !1 3 V w THE EAST 1 /2 OF THE SE 1 /4 OF 5EC . . 11 , TWP , 335 , RGE , 39E f1b a0 ~ m n cv Z pm 0. 1� w Q Z - 00 � ZF- 1- LL Lit _ I �- TRACT B 20' R/W DEDICATED O Z TO INDIAN RIVER COUNTY, FL . (PER SEPARATE INSTRUMENT ) LU LLJ � vOu E 40' WIDE RIGHT OF WAY AS DESCRIBED OW IN O. R. BOOK 431 PAGE 268, PUBLIC RECORDS V 0. > i OF INDIAN RIVER COUNTY, FLORIDA Oaw z I- U 4 POINT OF BEGINNING LU O NOO" I61360E QO U) Z 60.00' 500' 10'36"W 160.00' 40' 20 300910136014 3 20 .00' o � NOT INCLUDEDUi g zrrnV O. R.BOOK 100, PG . 828 z 40' 500' 10'36 " W 200.00' SOO' 10'BOW 407 . 17' IV East Line Of Sec . II -33 - 39 S<ETCW OF DESCRIPTION FOR: TRACT A = ( 20 ' Rlu Purchase ) "This is Not A Boundary Survey " TYPE : SKETCH OF LEGAL DESCRIPTION DWN . BY : PRB PROJ , NO, 02 - 330 CKD . BY : SAH DATE : 12/ 15/03 SCALE : 1 " = 100' THIS PLAT AND REPORT ARE NOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RAISED 5EAL OF THE FLORIDA REGISTERED SURVEYOR AND MAPPER NAMED HEREON WNICN SIGNATURE AND SEAL MAY BE FGUND AT THE END OF THE ATTACHED REPORT, THE PLAT AND REPORT ARE NOT FULL AND COMPLETE WITHOUT ONE ANOTTIER. � Legal Description For : Tract A A PORTION OF LAND LYING IN THE SOUTHEAST ONE - QUARTER OF THE SOUTHEAST ONE - QUARTER OF SECTION 11 , TOWNSHIP 33 SOUTH , RANGE 3q EAST , INDIAN RIVER COUNTY , FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS : COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 11 , TOWNSHIP 33 SOUTH , RANGE 3q EAST , RUN N8q'2B' Oq " W ALONG THE SOUTH LINE OF SAID SECTION 11 , 235 . 00 FEET , THENCE N00010 ' 36 " E , 60 . 00 FEET TO THE POINT OF BEGINNING OF i THE HEREIN DESCRIBED PORTION OF LAND , THENCE N8q'28 ' Oq " W ALONG A LINE: 60 FOOT NORTH OF , AND PARALLEL TO THE SOUTH LINE OF SAID SECTION II , IOSq . g7 FEET TO A POINT ON THE WEST LINE OF THE SOUTHEAST ONE - QUARTER OF THE SOUTHEAST ONE - QUARTER OF SAID SECTION II , SAID LINE ALSO BEING THE EAST LINE OF THE INDIAN RIVER FARMS WATER CONTROL DISTRICT LATERAL E CANAL 60 FOOT RIGHT OF WAY , THENCE N00002 ' 38" E ALONG THE EAST LINE OF SAID INDIAN RIVER FARMS WATER CONTROL DISTRICT LATERAL E CANAL RIGHT OF WAY , 20 . 00 FEET, THENCE 58q'28 'Oq " E ALONG A LINE 80 FOOT NORTH OF, AND PARALLEL TO THE SOUTH LINE OF SAID SECTION II , I0g0 . 02 FEET TO A POINT , THENCE 500' 10 ' 36 " W , 20 . 00 FEET TO THE POINT OF BEGINNING . SAID PORTION ; OF LAND LYING AND BEING IN INDIAN RIVER COUNTY, FLORIDA , CONTAINING 217gq . 15 SQUARE FEET , (0 . 5004 ACRES ) , MORE OR LESS AND SUBJECT TO EASEMENTS , RESTRICTIONS , RESERVATIONS AND RIGHTS OF WAY OF RECORD . Prepared �y Houston 4 Bryant , Inc. EXHIBI I A PROJ . NO. 02 -330 HOUSTON t I5RYANT. INC. Land 5urveyors ( LB bg05 ) 8436 U . S . Highway I Sebastian , Florida 32858 TEL : (772 ) 388 - 8603 FAX : ( 772 ) 388 -8604 Report Of Survey For : Tract A, ( 20 ' few P=urchase ) * TYPE OF SURVEY : SKETCH OF LEGAL DESCRIPTION; ("This Is Not A Boundary Survey' ) THIS SURVEY. PERFORMED BY: HOUSTON BRYANT, INC . L. B . #6905 9436 U .S . HIGHWAY I E SEBASTIAN; FLORIDA 32958 PROFESSIONAL SURVEYOR * MAPPER IN RESPONSIBLE CHARGE, R STUART A . HOUSTON , P . L . S . #4490 THE EXPECTED USE OF THE LAND, AS CLASSIFIED IN THE MINIMUM TECHNICAL STANDARDS (61GI7 -6, FAG) IS SUBURBAN . THE MINIMUM RELATIVE ACCURACY FOR THIS TYPE OF BOUNDARY SURVEY 15 1 FOOT IN 71500 . THE MEASUREMENT AND CALCULATION OF A 'CLOSED GEOMETRIC FIGURE WAS FOUND TO BE IN EXCESS OF THIS ACCURACY # REQUIREMENT . THIS SURVEY MEETS OR EXCEEDS ALL APPLICABLE REQUIREMENTS OF THE MINIMUM; TECHNICAL STANDARDS, AS ESTABLISHED IN CHAPTER E 61G17 - 61 FLORIDA ADMINISTRATIVE CODE. ELEVATIONS AND DIMENSIONS SHOWN HEREON ARE MEASURED IN FEET E AND DECIMAL PARTS THEREOF , THE BEARING BASE FOR THIS SURVEY 15 . N89'28'O9"W , ASSUMED ALONG THE SOUTH LINE OF SEC . II , TWP . 335, RGE, 39E TH15 SURVEY DOES NOT CERTIFY TO THE EXISTENCE OR LOCATION OF ANY UNDERGROUND IMPROVEMENTS UTILITIES, FOUNDATIONS, OR ENCROACHMENTS, X EXCEPT AS SHOWN . NO INSTRUMENTS OF RECORD REGARDING EASEMENTS, RIGHT -OF - WAYS, OR OWNERSHIP WERE SUPPLIED TO T14I5 SURVEYOR, EXCEPT AS SHOWN , NO TITLE OPINION OR GUARANTEE 15 EXPRESSED OR IMPLIED , UNLE55 A COMPARISON IS SHOWN, PLAT VALUES AND MEASURED VALUES ARE THE SAME . LEGAL DESCRIPTION PREPARED BY THE SURVEYOR. + THE PARCEL . OF LAND SHOWN HEREON APPEARS TO BE IN FLOOD ZONE : "X" PER FLOOD INSURANCE RATE MAP # 12061CO166 E, DATED MAY 4th , 1989 . Legend 4 . Abbreviations : PLS - PROFESSIONAL LAND SURVEYOR PSM - PROFESSIONAL SURVEYOR 4 MAPPER LB - LAND SURVEYING BUSINESS G . R . - COUNTY ROADI � O . R . - OFFICIAL RECORD SEC . - SECTION TWP . - TOWNSHIP RGE. - RANGE POC - POINT OF COMMENCEMENT POB - POINT OF BEGINNING EXHIBI �t FD - FOUND R . R . - RAILROAD R/W - RIGHT OF WAY IRFWCD - INDIAN RIVER FARMS WATER CONTROL DISTRICT • - CHANGE OF DIRECTION I] - CONCRETE MONUMENT (C, M , ) REV . # 1 . ADD NOTE # CORRECT 5W CORNER SECTION 111 - 1 /07/05 , P , R . B , PROJ . NO. 021330 HOUSTON 4 BRYANT, INC. Land Surveyors ' ( LB 6905 ) THIS SURVEY IS NOT VALID WITHOUT THE 91436 U , 5 , Highway I SIGNATURE AND THE ORIGINAL RA15ED SEAL OF THE FLORIDA LICENSED SURVETOR AND MAPPER Sebastian , Florida 32958 N ED BELOW TEL : ( 772 ) 388 - 8603 t JN I (b, IK FAX : (772 ) 388 -8604 STUART A. HausTaN, RLS, #4490 I N00'02'38" E BEL- PORTE PARK SUBDIVISION 20 . 00' Plat Book 5 , Page 22 , 5W CORNER IR.PJJJC.D. Laterad E Canal 60 ' 1 % SEC . II - 33 - 39 '38" E 584. 15' FD R . R . SPIKE 401 West Line Of The Sel /4 Of The SCI /4 Of Sec . 11 60' 60' ml � J m 3 m � GRAPHIC SCALE t00 ti 2 100 50 C IN FEET 1 inch = 100ft . I � �¢ U Proposed LU . 0 to Ia - 11-- Valencia Pointe Subdivision LU 33 !13 w THE EAST 1 /2 OF THE SE 1 /4 OF 9 ap SEC , II , THP , 335 , RGE , 39E I ` � gg M g ap co a L I B z - EXH I BIT � p0 W LL — I TRACT B 20' R/W DEDICATED O Z -' TO INDIAN RIVER COUNTY, FL. �ul- p W V 40' WIDE RIGHT OF WAY AS DESCRIBED IN O. R.BOOK 43 , PAGE 268, PUBLIC RECORDS p to W OF INDIAN RIVER COUNTY, FLORIDA U LU > I (PER SEPARATE INSTRUMENT ) OZw � z z Q POINT OF BEGINNING Uj Q NOO'10'36" E CL In z 40:00', 5004101360W 180 .00' 900010'36 "W 20 .00' pinNOT INCLUDEDg $ N O. R.BOOK 100, PG . 828 Ui i3 to 4O' 500010'36 "W 200 .00' 500010'36" W 407 . 17' East Line Of Sec , II - 33-39 SKEETCH OF DE6CRIPTI0N FOR. TR4CT B= ( 20 ' Rw Dedication ) " This Is Not A Boundary Survey " TYPE : SKETCH OF LEGAL DESCRIPTION DWN . BY : PRB PROD . NO . 02 - 330 CKD . BY : SAN DATE : 12/ 15/03 SCALE : I " = 100' V15 PLAT AND REPORT ARE HOT VALID WITHOUT THE SIGNATURE AND THE ORIGINAL RA15ED SEAL OF INE FLORIDA :REGISTEM SURVEYOR AND MAPPER NAMED NERWH MICH si"TURE AND SEAL MAY BE FOUND AT THE END OF THE ATTACHED REPORT, 114E PLAT AND REPORT ARE NOT FULL AND COMPLETE WITIIOVT ONE ANMER MC. Legal Description For : Tract B A PORTION OF LAND LYING IN THE SOUTHEAST ONE -QUARTER OF THE SOUTHEAST ONE - QUARTER OF SECTION II , TOWNSHIP 33 SOUTH , RANGE 3q EAST , INDIAN RIVER COUNTY, FLORIDA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS : COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 11 , TOWNSHIP 33 SOUTH, RANGE 3q EAST, RUN N89' 2810q11W ALONG THE SOUTH 'LINE OF SAID SECTION 111 235 . 00 FEET, THENCE N00' 10' 36 " E , 40 .00 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PORTION OF LAND, THENCE N8q62810q11W ALONG A LINE 40 FOOT NORTH OF , AND PARALLEL TO THE SOUTH LINE OF SAID SECTION II , IOBq . g2 FEET TO A POINT ON THE WEST LINE OF THE SOUTHEAST ONE -QUARTER OF THE SOUTHEAST ONE -QUARTER OF SAID SECTION 11 , SAID LINE AL50 BEING THE EAST LINE OF THE INDIAN RIVER FARMS WATER CONTROL DISTRICT LATERAL E CANAL 60 FOOT RIGHT OF WAY , THENCE N00'Q2 ' 38" E ALONG THE EAST LINE OF SAID INDIAN RIVER FARMS WATER CONTROL DISTRICT LATERAL E CANAL RIGHT OF WAY, 20 . 00 FEET , THENCE SBq'2B10q " E ALONG A LINE 60 FOOT NORTH OF , AND PARALLEL TO THE SOUTH LINE OF SAID SECTION II , 108q . g7 FEET TO A POINT , THENCE 500' 10 ' 36 " W , 20 . 00 FEET TO THE POINT OF BEGINNING . SAID PORTION OF LAND LYING AND BEING IN INDIAN RIVER COUNTY , FLORIDA , CONTAINING 217gq . 15 SQUARE FEET, (0 . 5004 ACRES ) , MORE OR LESS AND SUBJECT TO ' EASEMENTS , RESTRICTIONS , RESERVATIONS AND RIGHTS OF WAY OF RECORD . Prepa red >3y Houston 4 Bryant , Inc . EXHIBIT B PROD . NO . 02 - 330 HOUSTON 4 15RY,4NT, INC. Laid Surveyors ( LB 6805 ) g436 U . S . Highway I Sebastian , Florida 32958 TEL : (772 ) 388 - 8603 FAX : ( 772 ) 388 -8604 urc womb Report of Survey For . Tract S, . ( 20 ' RLu Dedication ) f TYPE OF SURVEY SKETCH OF LEGAL DESCRIPTION; ('This Is Not A Boundciry Survey' ) THI5 5URVEY PERFORMED . BY+ HOUSTON 4 ; BRYANT, INC . L .B. #6905 9436 U . S . HIGHWAY 1 f SEBASTIAN,: FLORIDA 32958 PROFESSIONAL SURVEYOR # MAPPER IN RESPONSIBLE CHARGE : STUART A . ' HOUSTON, P . L .5 . #4490 THE EXPECTED USE OF THE LAND, AS CLA551FIED IN THE MINIMUM TECHNICAL STANDARDS (61GI7 -61 FAG) IS SUBURBAN , THE. MINIMUM RELATIVE ACCURACY FOR THIS TYPE OF BOUNDARY SURVEY IS 1 FOOT IN 71500. THE MEASUREMENT AND CALCULATION OF A CLOSED GEOMETRIC FIGURE WAS FOUND TO BE IN EXCESS OF. THIS ACCURACY REQUIREMENT, THIS SURVEY ' MEETS OR EXCEEDS ALL APPLICABLE REQUIREMENTS OF THE MINIMUMTECHNICAL STANDARDS, AS ESTABLISHED IN CHAPTER f 61G17 - 6 , FLORIDA ADMINISTRATIVE CODE . ELEVATIONS AND DIMENSIONS SHOWN HEREON ARE MEASURED IN FEET ' AND DECIMAL' PARTS THEREOF . THE BEARING BASE FOR THIS SURVEY 15v N89'2B'Oq"W , ASSUMED ALONG « THE SOUTH LINE OF SEC . II , THP . 335, RGE. 39E THIS SURVEY i DOES NOT CERTIFY TO THE EXISTENCE OR LOCATION OF ANY UNDERGROUND IMPROVEMENTSs UTILITIES, FOUNDATION51 OR ENCROACHMENTS, EXCEPT A5 SHOWN . NO INSTRUMENTS OF RECORD REGARDING EASEMENTS, RIGHT —OF — WAYS E OR OWNERSHIP WERE SUPPLIED TO THIS SURVEYOR, EXCEPT AS SNOWi . f NO TITLE OPINION OR GUARANTEE 15 EXPRESSED OR IMPLIED. UNLESS A COMPARISON 15 SHOWN, PLAT VALUES AND MEASURED VALUES ARE THE SAME, LEGAL DESCRIPTION PREPARED BY THE SURVEYOR . + THE PARCEL OF LAND SHOWN HEREON APPEARS TO BE IN FLOOD ZONE: "X" PER FLOOD INSURANCE RATE MAP # 12061CO166 E, DATED MAY 4th. 1989 . Legend 4 Abbreviations . PLS - PROFESSIONAL LAND SURVEYOR PSM - PROFESSIONAL SURVEYOR # MAPPER LB - LAND ; SURVEYING BUSINESS C . R . - COUNTY ROAD O. R . - OFFICIAL RECORD SEC . - SECTION TWP . - TOWNSHIP ` RGE . - RANGE POG - POINT. OF COMMENCEMENT POB - POINT OF BEGINNING EXHIBIT FD - FOUND R . R . - RAILROAD R/W - RIGHT OF WAY IRFWCD - INDIAN RIVER FARMS WATER CONTROL DISTRICT • - CHANCE OF DIRECTION EI - CONCRETE MONUMENT (C .M . ) REV .# 1 . ADD NOTE # CORRECT SW CORNER SECTION 111 - 1/07/05, P . R .B . PROJ . NO . 02 - 330 HOUSTON 4 BRYANT, INC. Land Surveyors ( LB 6905 ) THI5 SURVEY IS NOT VALID WITHOUT TME 9436 U . S . Highway I SIGNATURE AND THE ORIGINAL RAISED SEAL OF Sebastian Florida 32958 THE FLORIDA LICENSED SURVEYOR AND MAPPER ED SELOW. TEL : (772 ) 386-8603 Ib'J 6'S FAX : (772 ) 388 -8604 STUART A. HOUSTON, P.L.S. #4490