Loading...
HomeMy WebLinkAbout2008-108D c:2_ .0 (_— ASSIGNMENT, - ASSIGNMENT, SETTLEMENT AND COVENANT AGREEMENT THIS ASSIGNMENT, SETTIYMENT AND COVENANT AGREEMENT ("Agreement") is made as of the �— day of ,0 2008, by and between THE GOVERNING BOARD OF THE ST. JOHNS klVnR WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose mailing address is P.O. Box 1429, Palatka, Florida '32178-1429 (the "District"), and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 1801 27th Street, Vero Beach, Florida 32960 ("County"). WITNESSETH: WHEREAS, the District and the County are presently parties to an appeal before the State of Florida Land and Water Adjudicatory Commission (FLWAC), Case No. WMD-07-017, involving an exchange with the Corrigan family ("Corrigan") of District -owned property located in Indian River County, and commonly known as the "Sand Lakes" tract, as indicated in attached Exhibit A ("the Sand Lakes Tract"); and WHEREAS, the County has opposed the exchange of the Sand Lakes Tract, and WHEREAS, in order to address the County's objections, the District has entered into an "Agreement for Exchange and Sale of Real Property and Settlement Agreement" with Corrigan, attached as Exhibit B ("Corrigan Agreement"), which removes all of the Sand Lakes Tract from the land exchange, with the exception of the 9.1 -acre Parcel, and provides for assignment of the District's right to purchase certain lands and legal interests to the County, and WHEREAS, upon closing under the Corrigan Agreement, the Sand Lakes Tract will be comprised of approximately 1256 acres (hereafter "the Property"), as described in attached Exhibit C, and WHEREAS, the parties wish to resolve their dispute as to the Sand Lakes Tract and provide for cooperative, joint management of the Property. NOW, THEREFORE, in consideration of the aforesaid premises, which are hereby made a part of this Agreement, and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereby agree as follows: The District hereby assigns to the County the right to purchase Parcel 1 under the Corrigan Agreement (460 -acres) from Corrigan, which shall include an assignment of Corrigan's "non-exclusive perpetual drainage and flowage easement," which was reserved by Corrigan in that certain Special Warranty Deed recorded on July 17, 2003 in Official Records Book 1615, Page 2157, in Indian River County, Florida ("Corrigan Easement'), reserving unto Corrigan the rights to continue the indicated uses. The County assumes no obligations under the Corrigan Agreement other than payment of the sum provided for in paragraph 2, below. This exclusion includes, but is not limited to, the obligation under paragraph 12(b)(4) of the Corrigan Agreement to provide a letter to Corrigan memorializing the District's intent to acquire Parcel 1 by filing eminent domain proceedings. The foregoing obligation remains exclusively with the District. 2. The County shall pay at closing to Corrigan the sum of Three Million, Two Hundred and Four Thousand, Six Hundred and Seventy and No/100 ($3,204,670) Dollars. This sum shall be the entire cost to the County and shall be inclusive of any costs incurred under the Corrigan Agreement associated with title examination, survey, environmental site assessment, documentary stamps, and any other matters. The District shall be responsible at closing for all costs in excess of the above -stated cost to the County. Any survey, title examination, appraisal or other costs, apart from the costs provided for in the Corrigan Agreement, that the County elects to incur related to the implementation of the land transactions provided for herein shall be the responsibility of the County; provided, however, that the District shall provide the County with an updated survey of the Property after the closing. 3. Immediately upon closing with Corrigan, the District and the County shall implement a real property exchange ("the District -County Exchange") as follows: (a) The County shall convey Parcel 1 under the Corrigan Agreement (460 acres) to the District via County Deed, reserving a conservation easement. The instrument to be executed by the County is attached as Exhibit D. (b) The County shall assign all of its rights under the Corrigan Easement to the District. (c) The District shall convey to the County an undivided 23.29 percent interest in the Property, as provided in attached Exhibit E. (d) It is expressly understood and agreed that neither party may dispose of their respective interests in the Property, in whole or in part, or otherwise encumber the Property, without the express written consent of the other party, except as provided in paragraph 5, below. Consent by the County shall be based upon formal action of the Indian River County Board of County Commissioners. Consent by the District shall be based upon formal action of the District's Governing Board. The parties shall record a deed restriction requiring mutual consent in order to alienate the Property or otherwise encumber their interest therein, as provided in attached Exhibit F. (e) The District shall provide the County with an "Owner's Affidavit of Title" as to the Property, as provided in attached Exhibit G. (f) It is expressly understood and agreed that neither party may annex or consent to annexation of the Property into a municipality without the express written consent of the other party. In addition, the District shall not annex or consent to the annexation of Parcel 1 under the Corrigan Agreement into a municipality without the County's consent. (g) After the conveyance of Parcel 1 to the District, the District shall make application to the County for a conservation land use classification for Parcel 1. In addition, the parties expressly acknowledge and agree that the development rights on Parcel 1 are extinguished. 2 4. Within 180 days after the District -County Exchange, the District shall update the existing Management Plan for the Property ("the Plan") to include provisions for public access and public passive recreational uses that are consistent with the objectives of the Plan. The County shall have ninety (90) days from the date of receipt of the draft updated Plan to review the Plan and provide written comments to the District. The parties shall then negotiate in good faith to resolve any differences as to the Plan. The District shall prepare the final Plan within 90 days thereafter. The final Plan must be approved in writing by the District and the County. The District shall bear the cost of recreational trail improvements agreed to under the Plan. The Plan shall provide for construction of the infrastructure needed to allow public access to the Property and facilitate public passive recreational use of the Property, which shall include, but not necessarily be limited to, development of permanent trails for hiking and horseback riding. At least one such permanent trail shall connect the public vehicular access point on the western boundary of the Property with the uplands located in the central and eastern portion of the Property, which shall be completed within 18 months after the District -County Exchange. The Plan shall also include any improvements necessary to traverse a ditch that intersects the public access route so as to allow public access to the Property, which may include either a bridge or culverted crossing. The District shall construct the improvements necessary for vehicular access to the western boundary of the Property no later than twelve months from the District -County Exchange. The District shall also utilize its best efforts to negotiate a right of public access for hiking and horseback riding upon the existing dirt road along the northern boundary of the Property. The District shall be the lead manager of the Property in accordance with the requirements of sections 373.1391 and 373.1395, Florida Statutes. In accordance with section 373.1395, Florida Statutes, a fee shall not be charged for public recreational use of the Property. The Plan cannot be amended without prior written approval by the District and the County. Within 60 days of the District -County Exchange, the parties shall determine a means of ensuring that the State of Florida Board of Trustees of the hitemal Improvement Trust Fund ("the Trustees") or the State of Florida Department of Environmental Protection (FDEP) must consent to any future alienation of the Property, or interest therein, in whole or in part. Upon receipt of an approving opinion from the County's bond counsel, the County may, at its option, transfer a portion of its undivided interest in the Property to the Trustees or FDEP. Alternatively, in the event the County cannot transfer or elects not to transfer an interest in the Property to the Trustees or FDEP, or the Trustees or FDEP decline to accept such transfer, the parties shall record a deed restriction providing that the Trustees or FDEP must consent to any future alienation of the Property, or interest therein, in whole or in part. If the Trustees or FDEP decline to consent to the recording of such a deed restriction, this paragraph shall be null and void. The County agrees that it shall not challenge the Corrigan Agreement before FLWAC or in any other civil or administrative forum. 7. Upon closing with Corrigan and closing on the District -County Exchange, the County and the District shall file a Stipulation for Dismissal with FLWAC in substantially the same form as provided in attached Exhibit H. This Agreement shall become effective on the date when the last of the parties has executed this Agreement, which date shall be inserted at the top of the first page hereof. Any provision of this Agreement that by its nature requires action on the part of either party after closing on the District -County Exchange shall survive the closing. 10. The District, as owner of the majority interest in the Property after the District -County Exchange, shall be solely responsible for defending the title to the Property against third - party claims and shall act with reasonable care in defending such title, including taking appropriate and necessary action with regard to the title insurance policy the District has obtained to insure its interest in the Property. This obligation shall not extend to the exceptions to title listed in Section B -II of the District's current title policy, which have been reviewed and accepted by the County. 11. This Agreement shall be enforceable in a court of competent jurisdiction. It is agreed that venue shall lie in Indian River County because the Property is located in Indian River County. This Agreement shall not be construed to preclude any applicable legal remedy in law or equity, including specific performance. 12. The parties shall record a document in the public records of Indian River County, as provided in Exhibit I, to provide notice of record that the Property is subject to the terms and conditions of this Agreement and the use limitations provided for in the Plan. 13. This Agreement constitutes the entire agreement of the parties. There are no understandings dealing with the subject matter hereof other than those contained herein. This Agreement may not be modified, changed or amended, except in writing signed by the parties or their authorized representatives. 14. This Agreement shall be construed and interpreted according to the laws of the State of Florida. It shall not be construed more strictly against one party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the parties, it being recognized that the parties have contributed substantially and materially to the preparation hereof. IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, on the date and year first above written. ST. JOHNS RIVER WATER MANAGEMENT DISTRICT KIRBY A. GREEN 7111, Executive Director (SEAL) Executed on: 2008 ATTEST: �� — 1��1=! WILLIAM H. CON ON, Deputy General Counsel Approved as to form and content 1II�LI mac• .� STANEEV J. NIE ' " Sr. Assistant Gen7l Counsel, SJ STATE OF FLORIDA PUTNAM COUNTY BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared Kirby B. Green III, to me personally known and known to me to be the Executive Director of the ST. JOHNS RIVER WATER MANAGEMENT District, a public body existing under Chapter 373, Florida Statutes, who being duly authorized, executed the foregoing document, and he acknowledged before me that he executed the same on behalf of the ST. JOHNS RIVER WATER MANAGEMENT District. WITNESS my hand and official seal this 14 day of, 2EXPIRES: SSION W DO336830 ?"-' Oc�oUN 29, 2008OtAYVllb11C � /�'Fp<<Y'� otaryober Urdarvmlers ar il• (NOTARIAL SEALr"� y Commission Expires. Attest: J. K. Barton, Clerk By (Seal) Deputy Clerk N. Baird Administrator APPROVED AS TO FORM AND LEGADSSUFFICIENCY r Marian E.E. Fell Senior Assistant County Attorney INDIAN RIVER COUNTY BOARD OF COUNTY-rOIV MISSIONERS Byr: _ xlra. Bpwden; ChaiArklll ;ate CC appro�ed, 3 Assignment. Settlement and Covenant Agreement Exhibit A — Sand Lakes Tract ALL OF SECTION 7, TOWNSHIP 32 SOUTH, RANGE'38 EAST, .LESS AND EXCEPTING THE NORTH 120.00 THEREOF; EL97 ALL THAT PART OF SECTIONS 8 AND 9, TOWNSHIP 32 SOUTH, RANGE 38 EAST.LYING WEST OF THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD N0. 9, A 300 FOOT WIDE RIGHT-OF-WAY), LESS AND EXCEPT THAT PART.�F THE NORTH 100 FEET OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE $8 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY OF INTERSTATE 95 (STATE ROAD 9, A 300 FOOT WIDE RIGHT-OF-WAY) AND EAST OF THE EAST RIGHT-OF-WAY LINE OF THE 170 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY AGREEMENT; AND ALSO LESS AND EXCEPTING THE FOLOWING DESCRIBED PARCEL: 'BEGINNING AT THE NORTHWEST CORNER OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 _ EAST, RUN SOUTH 89058'53" EAST ALONG THE NORTH LINE OF SAID SECTION 8, A DISTANCE OF 4,332.24 FEET TO THE EAST RIGHT-OF-WAY LINE OF A 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT, SAID EASEMENT RECORDED IN OFFICIAL RECORD BOOK 34, PAGE 312, OFFICIAL RECORD BOOK 125, PAGE 25E AND OFFICIAL RECORD BOOK 194, PAGE 695, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA; THENCE RUN SOUTH 18°45136" EAST ALONG SAID EAST LINE OF THE 170 FOOT RIGHT-OF-WAY EASEMENT, A DISTANCE OF 105.62 FEET; THENCE RUN SOUTH 89°58'53" EAST ON A LINE 100.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 746.09 FEET TO THE WEST RIGHT-OF-WAY UNE OF INTERSTATE 95 (STATE ROAD NO, 9, A 300 FOOT WIDE RIGHT-OF-WAY); THENCE RUN SOUTH 11023'376 EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A .DISTANCE OF 254829 FEET; THENCE, DEPARTING SAID WEST RIGHT-OF-WAY LINE, RUN NORTH 89°58'53" WEST, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OFF 400.00 FEET TO THE AFOREMENTIONED EAST RIGHT-OF-WAY LINE OF THE 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT; THENCE RUN NORTH 16°46'50" WEST, ALONG SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 2480.22 FEET; THENCE, DEPARTING SAID EAST RIGHT-OF-WAY EASEMENT LINE, RUN NORTH 89°58'53" WEST ON A LINE 250.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 794.25 FEET; THENCE RUN NORTH 80608'53" WEST. A DISTANCE OF 761AB FEET; THENCE RUN NORTH 89°58'53" WEST ON A LINE 120.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 2873.46 FEET TO THE WEST LINE OF SAID SECTION 8; THENCE RUN NORTH D0012'48" EAST, ALONG SAID WEST LINE OF SECTION 8, A DISTANCE OF 120.00 FEET TD THE POINT OF BEGINNING. TOGETHER WITH: THE WEST 150.00 FEET OF THE NORTHWEST ONE.QUARTER (NW 114) OF SECTION 1$, TOWNSHIP 22 SOUTH,. RANGE 38 EAST; EXHIBI=1D AGREEMENT FOR EXCHANGE AND SALE OF REAL PROPERTY AND SETTLEMENT AGREEMENT THIS AGREEMENT for exchange and sale of real property and settlement agreement (hereinafter called ("Agreement"), is made and entered into as of this 13t day ofl�f -C� i . 2008, by and between J. PAT CORRIGAN FAMILY LIMITED PARTNERSHIP, a Florida Limited Partnership, and HUGH CORRIG^ III, FAMILY LIMITED PARTNERSHIP, a Florida Limited Partnership, whose mailing address is 7150 20TH Street, Suite E, Vera Beach, Florida 32966 (hereinafter referred to as "Corrigan" or "Seller" of Parcel 1 as hereinafter defined, and `Buyer" of Parcel 2 as hereinafter defined), and ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373 of the Florida Statutes, whose mailing address is Post Office Box 1429, Palatka, Florida, 32178-1429 (hereinafter referred to as the "District" or `Buyer" of Parcel 1 as hereinafter defined and "Seller" of Parcel 2 as hereinafter defined). WITNESSETH THAT WHEREAS, Corrigan is the owner of the fee simple title to certain real property situate in Indian River County, Florida, as more particularly described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as "Parcel 1"); and WHEREAS, the District is the owner of the fee simple title to certain real property situate in Indian River County, Florida, and as more particularly described in Exhibit "B" attached hereto and by this reference made a part hereof (hereinafter referred to as "Parcel 2"); and WHEREAS, the terms Parcel 1 and Parcel 2 are hereinafter cumulatively referred to as "the Property, and the terms Buyer and Seller shall hereinafter refer to both parties as Buyer and Seller of their respective parcel unless such party is specifically identified otherwise; and WHEREAS, the District is a public body existing under Chapter 373 of the Florida Statutes; and WHEREAS, Corrigan and the District entered into an "Agreement for Exchange of Real Property and Settlement Agreement" dated September 13, 2007 (the "September 2007 Agreement"); and WHEREAS, since entering into the September 2007 Agreement, circumstances involving the sale and exchange of lands pursuant to said agreement have changed, such that Seller and Buyer seek to effect a novation of the September 2007 Agreement, rescinding said agreement in toto and replacing the September 2007 Agreement with this Agreement; and WHEREAS, Corrigan has agreed to convey Parcel 1 to the District in exchange for Parcel 2, and the District has agreed to convey Parcel 2 to =E1 .Corrigan in exchange for Parcel 1, Said Parcel 1 and Parcel 2 to be conveyed with any and all improvements, structures, fixtures and appurtenances thereto, unless specifically excluded herein, on the terms and conditions stated below. NOW, THEREFORE, in consideration of the premises and of the mutual covenants hereinafter contained, and other good and valuable consideration, the parties hereto, each intending to be legally bound, do hereby warrant and agree as follows: I. The Exchange - The Property. Corrigan and the District agree to exchange, on the terms and conditions herein set forth, the Property, in fee simple, together with all of the tenements, hereditaments, improvements, oil, gas and mineral rights, levees, dikes, canals, ditches, roads and easements, appertaining thereto, and all of the respective parties' right, title and interest therein. The instrument of conveyance shall transfer all of the respective parties right, title and interest in and to the Property and their interest in and to all riparian rights, improvements, approvals, fixtures, easements, rights-of-way, licenses, privileges, tenements and appurtenances belonging or appertaining to the Property, including without limitation of the foregoing, all right, title and interest of each party, in and to any land lying in the bed of any street, alley, road or avenue (before or after vacation thereof, and whether previously abandoned or vacated or hereafter abandoned or vacated). 2. Survey and Legal Description (A) The District previously has or will obtain surveys of the Property in a form acceptable to both parties to consummate the transactions contemplated herein, The District shall provide Corrigan with copies of the recently obtained surveys within ten (10) business days following the effective date of this Agreement. (B) Notwithstanding any provisions below to the contrary, the parties agree that both Corrigan and the District have previously received and been provided surveys for the Property under previously contemplated transactions, and the parties agree to be reasonable in their review of the new or recertified survey, if determined necessary by either party, and not object to matters shown thereon unless same are new matters of record that did not appear on the prior surveys, (C) Each party shall have ten (10) business days from receipt/delivery of the survey required in Paragraph 2(A), within which to examine the survey and legal description provided pursuant to this Paragraph and to notify Seller if the survey and legal description set forth therein are acceptable, or if the survey shows any violation of the survey instructions or requirements or if the survey shows any encroachments or a violation of the Contract Covenants (hereinafter referred to as "Survey Objections"), (D) The survey and legal descriptions shall be certified to the District, Corrigan, the District's and Corrigan's Counsel and the title MA company. The costs of preparation of the survey and legal description required by this paragraph shall be paid in the manner set forth in Paragraph 10 hereof. 3. Purchase Price. (A) Corrigan and the District agree that the District shall pay to Corrigan the sum of TEN MILLIONAND N01100 DOLLARS ($10,000,000.00) and Corrigan shall convey to the District the following: i) fee simple title to Parcel 1, ii) a Hold Harmless Agreement as later described, and iii) assignment of it's reserved flowage rights for the benefit of Parcel 1, as later described. In exchange for the conveyances by Corrigan to the District, the District shall make payment to Corrigan in the amount of the Purchase Price and convey Parcel 2 to Corrigan. 4. Title to be Conveyed. Seller shall convey to Buyer marketable, fee simple title to the Property, free and clear of all liens and encumbrances except for the lien of taxes not yet due and payable, and subject to those title exceptions set forth in Schedule B II of a Title Commitment, a copy of which is attached hereto as Exhibit "C:" 5. Evidence of Title. (A) No later than ten (10) days after the Effective Date, the District shall obtain or update and deliver to Corrigan two (2) separate commitments for owner's title insurance.policy (ALTA Form B) showing good and marketable fee simple title to the Property vested in the Seller, subject only to liens, encumbrances, exceptions or qualifications set forth in this Agreement and those which shall be discharged by Seller at or before closing (hereinafter the "Title Commitments"). The Title Commitments shall each be in the amount of the Transaction Value of the Property. The Title Commitments shall identify each exception of record by the parcel to which such matters apply and include copies of all exceptions of record noted therein. Either party may waive the requirement for title insurance and proceed to close based on currently available title information. Notwithstanding any provisions herein to the contrary, the parties agree that both Corrigan and the District have previously received and been provided title commitments for the Property under previously contemplated transactions, and the parties agree to be reasonable in their review of the new commitments and not object to matters shown therein unless same are new matters of record that did not appear on the prior commitments. ' (B) Each Buyer shall have fifteen (15) business days from receipt of the Title Commitment within which to examine same and notify the Seller in writing of any title defects, specifying such defects. Any written notice of title defect shall be deemed delivered at the time it is hand delivered or deposited in the U.S. Mail., postage prepaid, as provided in the paragraph hereof entitled Notices. Upon receipt of such notice of title defects, the Seiler shall have one hundred twenty (120) days within which to cure or remove the title defects so specified. If upon the expiration of the one hundred twenty 445 (120) day period, the Seller has not corrected or cured any such title defects, the Buyer shall have the option to terminate this Contract, or to waive such defects and proceed to close, accepting title as it then is and without setoff or reduction in the Purchase Price. In the event the Buyer shall elect to terminate because of an uncured or uncurable title defect, the parties hereto shall thereafter be relieved of all liability hereunder. (C) Upon closing and upon recording of the deeds, owner's title insurance policies (ALTA Form B) shall be issued pursuant to the Title Commitments and delivered to each Buyer showing fee simple title to the respective parcels of land vested in each Buyer. The fee owner's title insurance premiums for such policies shall be paid at closing in accordance with the provisions of the paragraph hereof entitled Closing Costs, Prorations and Adjustments. Upon execution by Seller, at closing, of the Affidavit required by the title company and completion of the survey called for herein, the "standard exceptions" to the title policy shall be deleted, except for those relating to taxes for the year of closing. 6. Representations and warranties. Corrigan and District, as to each party's respective parcels, represent to the other, to the best of their knowledge and belief as follows: (A) Seller has full power and authority to enter into and perform this Agreement in accordance with its terms. (B) Seller has no actual knowledge of and has not received any notice with respect to any of the lands subject to this Agreement: (i) of violation of any city, county, state or federal law, ordinance, regulation or code, or (ii) of existence of dangerous or illegal conditions requiring corrective action. (C) There is no pending litigation or dispute involving or concerning the location of the boundaries of the Property. (D) Seller has not entered into any leases, contracts or other agreement relating to any of the Property which are unrecorded. (E) Seller represents that there are no mechanics' liens, claims of lien or other claims against the Property and that Seller has no unpaid bills for labor or services performed on, or for materials supplied to the Property, except for those unpaid bills which will be paid prior to the closing. (P) That at the time of closing, no person other than the Seller shall be entitled to or be in possession of any portion of the Property. (G) Seller is not a "foreign person" as such term is defined in Section 1445(f) of the Internal Revenue Code. At the time of closing, Seller will provide the Buyer with an affidavit to the effect that the above representations are true and correct as of the Closing Date for the exchange. 7. Relationship to Governing Board. Corrigan represents and warrants to the District, that, to the knowledge of Corrigan, no member of the District's Governing Board, no agent or employee of the District, and no 0 446 person related by blood or marriage to. any of the aforesaid has or will benefit in any way, either directly or indirectly, from, or receive any portion of the payments to be made to Corrigan under the provisions of this Agreement. At the time of closing, Corrigan will include in the affidavit being provided to the District pursuant to Paragraph 6 above, a statement to the effect that the warranties and representations contained in this Paragraph 7 are true and correct as of the Closing date for the exchange. 8. Environmental Audit and Representations. (A) For the purpose of this Agreement, the term "Environmental Laws" shall mean all federal, state and local laws, including statutes, regulations, ordinances, codes, rules and other governmental restrictions and requirements relating to the environment or hazardous substances including, but not limited to, the Federal Solid Waste Disposal Act, the Federal Clean Air Act, the Federal Clean Water Act, the Federal Resource Conservation and Recovery Act of 1876, the Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, the Federal Superfund Amendments and Reauthorization Act of 1986, Chapters 161, 253, 373, 376 & 403, Florida Statues, rules and regulations of Florida Department of Environmental Protection, and the St. Johns River Water Management District. (B) (1) From the Effective Date hereof through the date of Closing, Buyer through its agents, environmental consultants and employees, will be authorized to enter upon the Property for the purposes of scientific investigation, installation of monitoring wells, surveying, the taking of soil borings and soil samples, the taking of water samples from those and existing wells, geophysical investigation, i.e., ground penetrating radar, electromagnetic, and magnetic, and the testing of tanks, and other appropriate and generally accepted testing methods, including building sampling for asbestos, lead and other potentially hazardous materials; and upon contiguous lands owned by Seller for the purpose of access to the Property; provided, that any such agents, consultants or employees of Buyer shall give reasonable advance notice to Seller and shall be responsible to close and lock any gates through which they pass in the exercise of such right of entry. Any boring holes made by the Buyer shall be properly filled and packed to the surrounding earth level by the Buyer. (2) Buyer further agrees to provide Seller with true copies of reports, findings and test results derived from any and all scientific investigations, surveys, and soil borings conducted on Seller's property. Buyer waives, with respect to Seller only, any right of confidentiality with regard to these documents and gives Seller the right to obtain copies from any and all governmental regulatory agencies involved. (3) Buyer further agrees, to the extent allowed by law, to assume all risks involved and to be fully responsible for the safety of its servants, agents, contractors and employees, hereby releasing, saving and discharging Seller, its successors and assigns, from any and all claims and 447 demands of whatever nature, whether for personal injury or death of employees or loss of or damage to personal property, and hereby assumes full responsibility for any accident, death, dismemberment, temporary or permanent disability resulting to any servants, agents or designated employees as a result of the authorization granted by this Agreement. (4) Buyer further agrees, to the extent allowed by law, to indemnify and hold harmless Seller, its successors or assigns, from any liability, costs and expenses, attorneys' fees, due to injury to or death of any person or persons, whomsoever, including employees, agents or representatives of the parties hereto, or third persons, or for any loss or damage to property arising from or in connection with the use or occupancy of Seller's property, or from ingress or egress from this Property. (5) Should Buyer engage any other party to perform this work, the responsibilities of Buyer will be equally applicable should any property damage, injury or death occur to any person or persons as a result of actions of that third party. (6) Notwithstanding anything in this Paragraph 8 below to the contrary, the,parties agree that both Corrigan and the District have previously received and been provided a Phase I Environmental Site Assessment of the Property under previously contemplated transactions, and the parties agree to be reasonable in their review of any new Environmental Assessments and not object to matters shown therein unless the same are new matters that did not appear in the prior Assessments. (C) Pryor to the closing date, a Phase I Environmental Site Assessment of Parcel I of the Property may be completed by the Buyer, The Assessment shall be addressed to the Buyer or shall be certified as being for the benefit of the Buyer as well as the Seller, entitling Buyer to rely on the report to the same extent as the Seller. Any subsequent amendments and/or reports relating to the property shall also be for the benefit of and delivered to the Buyer. The District has provided to Corrigan a Phase I Environmental Site Assessment, which said site assessment was previously performed on Parcel 2. Corrigan agrees to close on the exchange based upon that report. If the Level I Environmental Audit reveals areas of environmental concern that warrant further investigation, the Buyer may, with Seller's consent, or Seller may commence an appropriate Phase II Environmental Assessment within 30 days of receipt of the Phase I Environmental Audit, utilizing methods and access accommodations as provided in Section 7(B)(1) of this Agreement. The Seller shall participate with Buyer in the development of the objectives of the Environmental Assessment(s) and any subsequent environmental surveys that may be necessary in defining the scope of the issues to be addressed in such reports, In the event Seller fails to consent to Buyer obtaining the Phase 11 Assessment, or fails to obtain its own Phase II Assessment, Buyer may terminate this Agreement and have no further obligations hereunder. EM The Seller shall have the right to review and approve of all contracts entered into by the Buyer for any Phase II or subsequent Assessments and clean up of any contamination located on the Property, including the approvals of the costs (if cost will be reimbursed by Seller) of such Environmental Assessment(s) and any clean up or remediation efforts. The Seller will be provided a copy of any Assessment Report(s) within five (5) days of completion. If the Phase II Environmental Assessment reveals any toxic or hazardous substances or wastes on or contaminating the Property above levels which exceed the allowable levels as set forth in current Environmental Laws as defined by this Agreement, Buyer shall notify Seller, in writing, within ten (10) days of such discovery. Such notice shall contain copies of any and all reports contained in the Environmental Assessment(s). Seller, at his option, may clean up said toxic or hazardous substances or wastes as required by Environmental Law, prior to the closing hereunder, or Buyer, at its option, may waive such cleanup and proceed to close accepting the Property as it then is and without set-off or reduction in the value of the exchange; or Seller or Buyer may terminate this Agreement whereupon Buyer and Seller shall be released as to one another of all further obligations under this Agreement. The elections in this Agreement are contract rights and in no way absolve Seller of its legal obligation to clean up said substance if required by Environmental Law. The Closing hereunder shall be extended if necessary so as to afford Seller a reasonable amount of time from the receipt of Buyer's written notice as aforesaid to submit a plan to Buyer to accomplish said cleanup and complete the necessary remediation activities on the Property. (D) The costs of the Phase I Environmental Site Assessment for Parcel 1 shall be paid by the District. The costs of the Phase II Environmental Assessments shall be paid by the ordering party. The cost of any Phase III Assessment or remediation shall be paid by the ordering party. (E) In the event the Seller elects to proceed with the remediation of any hazardous material or substance contamination, the Buyer shall take all steps necessary to further define the nature of the materials, any risks resulting therefrom and possible remedial measures. Governmental agencies shall be notified as may be appropriate and in any event, such agencies shall be notified immediately of any imminent hazard. Once approved by the Buyer, Seller shall contract to commence and diligently pursue any assessment, clean up and monitoring of the Property necessary to bring the Property into full compliance with all applicable federal, state or local laws, rules, regulations and ordinances. (F) Provided, however, in the event the District and/or Corrigan elect to accept Parcels 1 and/or 2 based on pre-existing environmental information, then the provisions of Paragraph 8(A through E) above shall be waived in writing by the pasty making such election and closing on the exchange will proceed as otherwise set forth herein. 7 449 (G) Not withstanding any language contained in the Paragraphs 8 (A) through (F), above, the Seller shall provide no further environmental warranties to Buyer after date of closing. 9. The Closing. (A) The closing of transfer of title for the exchange of the Property shall take place at the Offices of Wright, Pulford, Moorhead & Brown, P.A., 145 North Magnolia Avenue, Orlando, Florida 32802, Telephone (407) 425- 0234, Telecopier (407) 425-0260, on the later of 1)10:00 a.m., Friday, April 15, 2008, or ii) no later than ten (10) days following the final disposition of any and all existing and future petitions on appeal regarding the September 2007 Agreement or the Agreement as set forth herein. Provided, however, in no event shall closing occur any later than March 10, 2009. If the Closing is delayed beyond March 10, 2009 due to an administrative or other appeal by a third party, this Agreement may be terminated by either party and thereafter the parties hereto shall have no further responsibility under this Agreement, and all rights and claims of the parties are otherwise preserved. (hereinafter and heretofore referred to as the "Closing Date"). (B) The Closing Agent for the transaction shall be Wright, Fulford, Moorhead and Brown, P.A. 10. . Closing Costs, Prorations and Adjustments. The following items are to be paid at closing by the party indicated and in the manner set forth: (A) Real property taxes on Parcel 1 shall be prorated between Seller and Buyer as of midnight on the date immediately preceding the Closing Date. Real Property taxes shall be prorated on the basis of current year's taxes, if known. If the closing shall occur before the amount of current taxes may be determined, such taxes shall he apportioned upon the basis of the taxes for the most recent year applied to the latest assessed valuation and shall be promptly readjusted when the current taxes are ascertained, and a statement to that effect shall be set forth in the closing statement. If applicable, real property taxes shall be escrowed at closing in accordance with,the provisions of Section 196.295, Florida Statutes. Real property taxes on Parcel 2 shall be the responsibility of Corrigan subsequent to the date of closing, as the District is exempt from such taxes prior to the date of closing. (B) The cost of recording the Deeds, any corrective instruments, and other documents executed at closing deemed necessary to effect the exchange, the fee owner's title insurance premium for the title policies described in the paragraph hereof entitled Evidence of Title to be obtained by the District, the cost of the survey and Iegal description called for by the paragraph hereof entitled Survey and Legal Description to be obtained by the District, the cost of title information reports and updates thereof, and the documentary stamp tax which is required to be affixed to any instrument of conveyance shall be paid as follows: the District shall pay all such costs as related to Parcel 1 and Parcel 2. 0 450 11. Broker. (A) The Seller represents and warrants to the Buyer that it has not engaged the services of a real estate broker with respect to the Property. Seller agrees to hold Buyer harmless from any real estate commission or fees which may be claimed to be due through the Seller or pursuant to the acts of Seller. Seller further covenants and agrees to indemnify Buyer for damages, court costs and attorneys' fees incurred as a result of any such claim. (B) The Buyer represents and warrants to Seller that it has not engaged a real estate broker with respect to the Property. To the extent permitted by law, Buyer agrees to indemnify and to hold Seller harmless from any real estate commissions or fees which may be claimed to be due through the Buyer or pursuant to the acts of Buyer. To the extent permitted bylaw, Buyer further covenants and agrees to indemnify Seller for damages, court costs and attorneys' fees incurred as a result of any such claim. (C) The obligations of Seller and Buyer hereunder shall survive the closing. 12. Documents to be Delivered, (A) Prior to Closing. At least ten (10) days prior to the Closing Date, Corrigan shall deliver to the District a public disclosure of its beneficial ownership which shall comply with the requirements set forth in Section 286.23, Florida Statutes, as from time to time amended. (B) By Seller at Closing. The Seller shall execute, acknowledge and deliver the following documents at the closing hereunder: (1) Corrigan shall deliver to District, a General Warranty Deed; in a form reasonably acceptable to the District, from Corrigan, conveying the fee simple title to Parcel 1, in proper form for recording which shall be duly executed, acknowledged and witnessed. The legal description utilized on such General Warranty Deed shall be the legal description as set forth on the survey obtained in accordance with the provision hereof entitled Survey and Legal Description, (2) The District shall deliver to Corrigan, a Quit Claim Deed, in a form reasonably acceptable to Corrigan, conveying the fee simple title to Parcel 2 in proper form for recording which shall be duly executed, acknowledged and witnessed. The legal description used in the Quit Claim Deed shall be legal description as set forth on the survey obtained in accordance with the provision hereof entitled Survey and Legal Description. The Deed shall contain a reservation of a fifty-foot wide easement for ingress and egress across Parcel 2 for access by the District to adjoining lands owned by the District lying north and south of Parcel 2. Pursuant to Section 373.099, Florida Statutes, the District shall not warrant title. (3) Corrigan shall deliver to the District a General Release, as described in Paragraph 30(A). M 451 (4) Letter from the District memorializing the District's intent to acquire Parcel 1 by filing of eminent domain proceedings should it become necessary to do so (5) Such other documentation as may reasonably be required by Buyer or Closing Agent in order to close this transaction in accordance with the terms of this Agreement. (C) By the Buyer at Closing. The Buyer shall execute, acknowledge, and deliver the following documents at the closing hereunder: (1) Florida Department of Revenue Return for Transfers of Interest in Florida Real Property. (2) Such other documentation as may reasonably be required by Seller or Closing Agent in order to close this transaction in accordance with the terms of this Agreement. 13. Negotiated Price to be Without Prejudice. The value of the exchange specified herein was negotiated by the parties on the basis of a total price for the Property and shall be without prejudice to any party, and inadmissible in any court proceedings which might hereinafter be brought if the Buyer for any reason does not acquire the Property pursuant to the terms herein contained. 14. Survival. of Warranties and Agreements. All warranties, representations, covenants, obligations, indemnities and agreements contained herein shall survive the execution and delivery of the Deed(s), and the closing to be held hereunder. 15, Parties. The rights and obligations created by this Agreement shall be binding upon and inure to the benefit of the parties hereto, their successors and assigns. 16. Entire Agreement. This Agreement constitutes the entire agreement of the parties, and there are no understandings dealing with the subject matter of this Agreement other than those contained herein. This Agreement may not be modified, changed or amended, except by writing signed by the parties hereto or their authorized assignees, 17. Notices. All notices, consents, approvals, waivers and elections which any party shall be required or shall desire to make or give under this Agreement shall be in writing and shall be sufficiently made or given (i) when mailed by certified mail, postage prepaid, return receipt requested, (ii) by hand delivery to the named individuals representing the party to be notified, or (iii) by private parcel delivery services, or facsimile transmission for which receipt is provided to the notifying party. Notices, including notice of change of address, shall be addressed or transmitted to the addresses set forth below or such other address that a party may designate in the manner prescribed herein: (A) Corrigan: James Patrick Corrigan, Jr. 7150 20th Street, Suite E 10 452 Vero Beach, Florida 32966 Phone; (772) 567-7141 Fax (772) 778-6838 with a copy to: Christopher H. Marine, Esq. Gould, Cooksey, Fennell, O Neill, Marine, Carter & Hafner, P.A. 979 Beachland Boulevard Vero Beach, Florida 32963 Phone: (772) 231-1100 Fax: (772) 231-2020 (B) District: St. Johns River Water Management District Post Office Box 1429 Palatka, FL 32178-1429; Attention: Director, Division of Land Acquisition Phone: (386) 329-4397 Fax; (386) 329-4848 with a copy to: Donald F. Wright, Esq. Wright, Fulford, Moorhead & Brown, P.A. 145 North Magnolia Avenue Orlando, Florida 32802 Phone:(407) 425-0234 Fax: (407) 425-0260 Notices, consents, approvals, waivers and elections given or made as aforesaid shall be deemed to have been given and received on the date of the mailing, delivery or transmission thereof as aforesaid. 18. Non -Waiver of District's Regulatory Powers. Nothing contained in this Agreement shall be construed as a waiver of or contract with respect to the regulatory and permitting authority of the District as it now or hereafter exists under applicable laws, rules and regulations. 19. Non -Waiver of Sovereign Immunity. Nothing contained in this Agreement or in any Instruments executed pursuant to the terms of this Agreement shall be construed as a waiver or attempted waiver by the District of its sovereign immunity under the constitution and laws of the State of Florida; provided, however, that this paragraph shall not be construed as an attempt by the District to negate any partial waiver of sovereign immunity made by the Legislature under the provisions of The Tort Claims Act, Section 768.28, Florida Statutes or any future statute or Act adopted by the Florida Legislature. 20. Proceeds of Sale and Closing Procedure. The deeds shall be recorded at closing upon evidence of title, if applicable, continued at the District's. expense, to show title in Buyer, without any encumbrances or changes which would render Seller's title unmarketable from the date of the last evidence, and the executed Closing documents may be held in escrow by the Closing Agent or by such other escrow agent as may be mutually agreed �1 453 upon for a period of not longer than fifteen (15) days from and after the closing date. If Seller's title is rendered unmarketable, Buyer shall within said fifteen (15) day= period, notify Seller in writing of the defect and Seller shall have fifteen (15) days from the date of receipt of such notification to cure said defect. In the event Seller fails to timely cure said defect, the Deed and Closing documents shall be returned to Seller, and simultaneously Buyer shall vacate the Property and re-convey the same to the Seller by quitclaim deed. At the sole discretion of Buyer, Buyer may elect to take title as is, waiving all rights against Seller as to such intervening defect except as may be available to Buyer by virtue of warranties contained in deed. The escrow and closing procedures required by this Paragraph shall be waived in the event the attorney, title agent or Closing Agent insures against adverse matters pursuant to Section 627.7841 Florida Statutes. 21. Time is of the Essence. Time is of the essence with respect to all matters set forth in the Agreement. 22. Governing Law/Attorney's Fees, This Agreement shall be construed and interpreted according to the laws of the State of Florida. In the event of litigation between the parties arising from or pertaining to this Agreement, the prevailing party shall be entitled to recover from the other reasonable attorneys' fees and costs, including fees and costs on appeal. 23. Recording of this Agreement. Neither this Agreement of Purchase and Sale nor any memorandum hereof maybe recorded in the Public Records of any county in the State of Florida. 24. Construction of Agreement. This Agreement shall not be construed more strictly against one party than against the other merely by virtue of the fact that it may have been prepared by counsel for one of the parties, it being recognized that both Seller and Buyer have contributed substantially and materially to the preparation hereof. 25. Default. (A) If, under the provisions hereunder, Corrigan shall be obligated to complete the exchange, but fails to do so within the applicable period provided for Closing, the District shall forthwith return or deliver to Corrigan all papers and other documents relating to the Property, the title commitment, the survey, engineering studies and reports, site plans, Environmental Site Assessment and all other information developed by the District relating to the Property. Further, Corrigan agrees to reimburse the District for 100% of all costs incurred by the District associated with the survey, attorneys' fees, title commitment and title insurance, Environmental Site Assessment(s), and such other costs as may he reasonably incurred by the District in preparation for closing, in which event Corrigan and the District shall be deemed released from any and all obligations under this Agreement, but retaining all other legal rights. (B) In the event the District defaults hereunder, Corrigan shall forthwith return or deliver to District all papers and other documents 12 454 relating to the Property, the title commitment, the Survey, engineering studies and reports, site plans, Environmental Site Assessment(s), and all other information developed by Corrigan relating to the Property. Further, the District agrees to reimburse Corrigan for the costs associated with the preparation of the survey, attorneys' fees, title commitment and title insurance costs, and such other costs as may be reasonably incurred by Corrigan in preparation for closing, in which event Corrigan and the District shall be deemed released from any and all obligations under this Agreement, but retaining all other legal rights. (C) The remedies described in this paragraph 25 shall be the sole remedies available to the parties in the event of a default. 26. Further Documentation. The parties agree that at any time following a request therefor by the other party, each shall execute and deliver to the other party such further documents and instruments, in form and substance reasonably necessary to confirm and/or effectuate the obligations of either party hereunder and the consummation of the transaction contemplated hereby. The obligations of Seller and Buyer pursuant to this Paragraph shall survive the closing hereunder. 27. Binding Obligation. Upon execution by Corrigan, the District shall have until three Business Days following its next regularly scheduled Governing Board meeting, to accept and execute this Agreement. 28. Definitions. As used herein, the term "Business Days" shall mean those days during which the Buyer is open for regular public business. 29. Radon Gas. Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon testing may be obtained from your county public health unit. 30. Contingencies. (A) The District and Corrigan acknowledge that this Agreement for Exchange and Sale of Real Property and Settlement Agreement is being entered into, in part, in voluntary settlement of certain claims as more specifically described in a Release and Hold Harmless Agreement to be entered into between the parties at closing. In said Release and Hold Harmless Agreement Corrigan shall release the District from past, present and future claims of Corrigan with respect to Parcel 1, Parcel 2, and the remaining ownership of Corrigan in the vicinity of Parcel 1 and Parcel 2 located west of Interstate 95. The Release and Hold Harmless Agreement to be executed at closing is attached hereto as Exhibit "D" and by this reference made a part hereof. (B) Corrigan shall retain the same rights currently enjoyed by Corrigan to discharge and withdraw water onto and from Parcel 1; provided, however, that should such discharge or withdrawal of water 13 455 increase or decrease to the extent that regulatory permitting is required, Corrigan agrees to secure any such additional permit. The conveyance into the District shall reflect the retention of these rights via a flowage easement. (C) Corrigan shall have an examination period of thirty (30) days from the effective date of the Agreement to inspect, analyze and approve all conditions governing Parcel 2. (D) The Warranty Deed from Corrigan to the District as to Parcel 1 shall include an assignment of Corrigan's" non-exclusive perpetual drainage and flowage easement" as to the Parcel 1 acreage, which was reserved by Corrigan in that certain Special Warranty Deed recorded on July 17, 2003 in Official Records Book 1615, Page 2157, in Indian River County, Florida, reserving unto Corrigan the rights to continue the indicated uses. 31. This paragraph is intensionally omitted. 32. Assignment. The District may assign its right under this Agreement as to the purchase of Parcel 1, including Corrigan's reserved flowage rights for the benefit of Parcel 1, as described in paragraph 30(1)). Such assignment shall not affect the Closing Date or any other provision of this Agreement, and any such assignment shall not release the District from any liability hereunder. 33. Inadmissibility in Legal Proceedings. The parties agree that a portion of the consideration for this Agreement involves settlement of disputed claims, including the purchase by the District of the Hold Harmless Agreement provided for in paragraph 30(A). In the event this Agreement does not result in a Closing for any reason, this Agreement shall not be admissible in any future legal proceedings regarding disputed claims by Corrigan involving alleged flooding of Corrigan lands. By entering into this Agreement the District does not make any admission, express or implied, as to the validity of any such claims. 34. Effective Date. For all purposes of this Agreement, the Effective Date hereof shall mean the date when the last of the Seller or the Buyer has executed the same, and that date shall be inserted at the top of the first page hereof. 35. Nature of Transaction - Involuntary Conversion. Corrigan has advised the District that Corrigan plans to complete the transactions contemplated by this Agreement as a tax free exchange and involuntary conversion under Sections 1031 and 1033, respectively, of the Internal Revenue Code of 1956, as amended (the "Code"), and the applicable treasury regulations promulgated thereunder. The District agrees that it will cooperate in all reasonable ways to facilitate Corrigan's desire to effectuate said exchange and conversion. In that regard, each of the parties acknowledges and agrees that the transactions contemplated by this Agreement constitute the sale and exchange of the Corrigan's Property under threat or imminence of requisition or condemnation and a compulsory or involuntary conversion of Corrigan's Property. M 456 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement, to become effective as of the date and year first above written. Signed, Sealed and delivered in the presence of- Priikr-nA�me:Ch Q6her H. hdarine CORRIGAN Print name: Title: e-4 Print name: CAROL K. WILCOX STATE OF FLORIDA COUNTY OF end ran r u -tA The foregoing instrument was acknowledged before me this 1 h day offn a ( cli 1 200 byCntii4jn� as of the J. PAT CORRIGAN FAMILY LIMITED PARTNERSHIP, a Florida Limited Partnership, who is pree _1� to me or produced as identification. (NOTARIAL SEAL) Notary Public -Stat ,%AF04ftox Print Name: My Commission Expires: 15 457 MO Wf : $a• STATE OF PHA TrYA S COUNTY OF M! D LP N D r By: j/4— A�4 HUGH C RRIGAN III FAMILY LIMITED PARTNERSHIP Print name: Title: CEN�"��RAL. �Rmyem The foregoing instrument was acknowledged before me this 2q -day of MARCH , 2008 by ku gk Cpr6�AA61as 9E&W24L PARVNF/t of the HUGH 0 IIi FAMILY IMITED PARTNERSHIP, a Florida Limited Partnership, who is personally known to me or produced as identification. a7 Notary Public- ate of Florid Print Name: U S My Commission Expir s: ld��9-ZOn� is 458 ATTEST: r t fWIr.r�i ■ . . ! - ■ - • ■ • ■ DISTRICT: ST. JOHNS RIVER WATER MANAGEMENT DISTRICT FOR USE AND RELIANCE ONLY BY 5T. JOHNS RIVER WATER MANAGEMENT DISTRICT, LEGAL FORM AND CONTENT APPROVED: Wright, Fulford, Moorhead & Brown, P.A. By: L J� Donal . Wright; Esquire STATE OF FLORIDA COUNTY OF PUTNAM The fghregoing instrument was acknowledged before me this 13 day of M 2008 by KIRBY B. GREEN III, personally known to me and known to me to be the Executive Director of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT. {NOTARIAL SEAL} Notary Pu tate of Florida Print Name: My Commission Expires: 17 459 STATE OF FLORIDA COUNTY OF PUTNAM The foregoing instrument was acknowledged before me this V? day clay of 200& by WILL H. CONGDON, personally Down to me and known to me to be th ep ty General Counsel of the ST. JOHNS RIVER WATER EMENT DISTRICT. (NOTARIAL SEAL) Notary Public- Florida Print Name: My Commission Expires: Wal 460 On L 'SyFi.�lJDi.l LLg l4 iS Aateot of ]arid 4miiy� a.parti'on of an 30; Tewad4 2£ &.Ujh, RwV..3S $'s&,:U&R liver 1 aent3, F1e�rdt, inisrsparli�isigtly.da5e�' �ii¢�•a5.'F�{Iia: For apdutdfisfexauoeeomtneaaeastlrmSanihwe,StoElitet.Of.geotlOn39,'&sysflsltlp:3�n,.kutkt1 Aga38 J=asC, f�lfatt lfit*ct' Connty, T�la'tfBaA mate t'1� D0�`R�Ft rtriz�es�� anttorrtic.Piast, alaagai+o W stdmxnd aWd sb aibf4 iEdtst"ArietroPl D Ob£eettn t pprhrmti.aiitY2 Iattt;.44 f of ortft Of Md pAFAlitl WFtli t11E. sballr{7ne0f Sa4i{ BGt1OA 30, ire l°013 T OP Bim; tharrae run North 00 degrees �6minutes 45seeonds E�sC91ch$:sAi'3 estb9vti6dry, a d7st itis af. 5iS3 8i febt;Yhwzvruu SOuth S& degtees 27'iblh ter04 seettids Abstfw SL disMde of2altl $d[; Rience nlir SME (}0_dtgreas 20rniauta 55 seoouds Wtst fbrA dfstanoe:df209 M sear. 76nae run ltos th degrees 14 tnittufxx 54 sEbonds Beg .fQT a dfstn m of 26.13,42fe'B�.fhenCe ivp $avf�Q'dC�g51B rlrinutes 22 56404 West for a distanee of 2sa 1,33 feet w a point on amid rias .6yia�. SMOV3�fc+rth afand pmkl with lite south line of said Section 30;1.henbt ran. forth 89 de.9fm 44 ti�iAm4ag :gj sFaaAdsW4it; along ssid'libo, for a dutMm of 523D.01:ti:ct tP.the:P.OI'NTOF $,1rj'h1 OF roci,+um�.w.A EXHIBJT ALTA CiXA�.9T1grT flAtl� .A 461 Exhibit "B" The West 150 feet of the Northwest one-quarter (NW'%) of Section 18, Township 32 South, Range 38 East, Indian River County, Florida. 462 0 Fidelity National Title Insurance Company SCHEDULE B IT (Exceptions) Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. All assessments and taxes for the year 2008 and all subsequent years, which are not yet due and payable. NOTE: Real estate taxes for the year 2007 are paid; 2007 gross amount being $398.66; Tax T.D. #32-38-30-00000-1000-00001/0. 3. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 4. Any encroachments, easements, measurements, variations in area or content, party walls or other fads which a correct survey of the premises would show. 5. Rights or claims of parties in possession not shown by the public records. 6. Any right, title or interest as to oil, gas and/or minerals as referred to in that certain instrument recorded February 2, 1951, in Deed Book 63. Pa eg 483_ Public Records of Indian River County, Florida. NOTE: The right of entry has been released. 7. Any rights or interest as indicated by that certain Stumpage Sale Contract recorded in Official Record Book 191, Page 770, Public Records of Indian River County, Florida. 8. Drainage Flowage Easement in favor of James B. Cain, recorded July 17, 2003, in Official Records Book 1615, Page 2147 Public Records of Indian River County, Florida. 9. Rights of others in and to any canals located upon the subject property. 10. Notwithstanding the insuring provisions of the Commitment and/or Policy, legal right of access to and from the insured land is not insured. NOTE: The Company reserves the right to make further requirements and/or exceptions upon its review of the proposed documents creating the estate or interest to be insured or otherwise ascertaining details of the transaction. If the proceeds of the loan to be secured by the insured mortgage are deposited with the Company of its authorized agent, ]tem 1 above shall be deemed deleted as of the time such funds are disbursed to or for the account of the roau u-w].66.A EXHIBIT C rll.rA LUMM[r6IIiNT(1966) 463 Fidelity National Title el Insurance Company borrower. Neither the company not its agent shall, however, be under any duty to disburse any sum except upon a determination that no such adverse intervening matters have appeared of record or occurred Items 32 4 and S will be deleted provided: a satisfactory current survey is submitted, if applicable; it is determined the current year's taxes or special assessments have been paid; an affidavit of possession, in recordable form, is provided; and it is determined there are no filled-in lands and there is nothing of record which would give rise to mechanic's liens which would take priority over the insured interest (where the liens would otherwise take priority, submission of waivers is necessary), Additional exceptions will be made in the policy for any appropriate matters disclosed. FOWM os9� ExHiBIT C ALTA COMMIr61ErI T (1956) 464 Fidelity National Title Insurance Company Commitment No: CD08-112942 - Agent File No: SCHEDULE B II (Exceptions) Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company: 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. All assessments and taxes for the year 2008 and all subsequent years, which are not yet due and payable. Taxes were wholly exempt for the year 2007 as follows: Tax ID: 32-38-07-00000-1000-0000110 Note: Tax ID includes additional lands. 3. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 4. Any encroachments, easements, measurements, variations in area or content, party walls or other facts which a correct survey of the premises would show. 5. Rights or claims of parties in possession not shown by the public records. 6. Conditions, Covenants, Stipulations and Agreements as set forth and contained in that Warranty Deed from Graves Brothers Company to Alto Adams and Irlo Bronson, recorded April 10, 1943 in Deed Book 34, Page 527, Public Records of Indian River County, Florida, 7. Terms of that Beneficial Drainage Lasement granted by the Sebastian River Drainage District to Graves Brothers Company, a Florida corporation, recorded April 10, 1943 in Deed Book 36, Page 182, as affected by Agreement by and between Herschel A. Auxier and Lucy Pope Auxier, his wife and Hugh Corrigan and C.E. Corrigan, his wife, recorded in Official Records Book 3, Page 470; and as af€ected by that Final Decree recorded in Official Records Book 255, Page 267, Public Records of Indian River County, Florida. 8. Reservation of one-half of all oil, gas and minerals of every kind and nature in, on and under, and that may be produced from, the lands herewith conveyed as set forth and reserved by Herschel A. Auxier and Lucy Pope Auxier, his wife in Warranty Deed recorded January 15, 1949 in Deed Book 52, Page 122, without right of entry however, as affected by conveyance thereof to Herschel A. Auxier, Jr., as trustee of the Lucy P. Auxier Trust dated October 16, 1976, by Special Warranty Deed recorded May 12, 2000 in Official Records Book 1332, Page 2486, Public Records of Indian River County, Florida. FORM24 -U-A ExHrEiT C ALTA COL1Lq{MENT(l96ry 465 Fidelity National Title Insurance Company Commitment No: CD08-112942 Agent File No: 9. Agreement by and between the Governing Board of the St. Johns River Water Management District and Jack M. Berry, Inc., formerly Berry Groves, Inc., a Florida corporation, recorded June 28, 1993 in Official Records Book 978, Page 2359, Public Records of Indian River County, Florida. ( Note: Does not give a specific legal of the lands encumbered thereby). 10. The nature, extent, or existence of riparian rights, if any, appurtenant to be insured lands lying below the meanlordinary high water mark, are neither guaranteed nor insured, and the riparian rights of others as the same may affect the said property, are hereby expected. 11. Notwithstanding the insuring provisions of the Commitment and/or Policy, legal right of access to and from the insured land is not insured. NOTE: In order to delete the survey exception, a satisfactory survey, in conformity.with the minimum standards for land surveys made for title insurance purposes, certified to the Company and/or its agent, through a current date, must be furnished at or before the closing, which survey discloses the nature and extent of any encroachments, overlaps, boundary line discrepancies, or other matters adversely affecting title to the property to be insured. Additional requirements and/or exceptions will be made for any appropriate matters disclosed. Items 1, 3, 4 and 5 will be deleted from Schedule B, Section 2 of the Commitment, provided: a. a satisfactory current survey is submitted, if applicable; b, an affidavit of the seller/mortgagor affirming no knowledge of any adverse matters or liens which might affect the title to the property, and possession; c. it is determined the real property taxes and special assessments have been paid; d. it is determined there is nothing of record which would give rise to construction liens which would take priority over the insured mortgage. Additional exceptions will be made in the policy for any appropriate matters disclosed. NOTE: The Company reserves the right to make further requirements and/or exceptions upon its review of the proposed documents creating the estate or interest to be insured or otherwise ascertaining details of the transaction. If the proceeds of the loan to be secured by the insured mortgage are deposited with the Company or its authorized agent, Item 1 above shall be deemed deleted as of the time such funds are disbursed to or for the account of the borrower. Neither the company nor its agent shalt, however, be under any duty to disburse any sum except upon a determination that no such adverse intervening matters have appeared of record or occurred. Items 3, 4 and 5 will be deleted provided: a satisfactory current survey is submitted, if applicable; it is determined the current year's taxes or special assessments have been paid; an affidavit of possession, in MTEIT C ALTA COMhOWNT 09W 466 Fidelity National Title Insurance Company Commitment No: CDOS-112942 Agent File No: recordable form, is provided; it is determined there are no filled-in lands; and there is nothing of record which would give rise to mechanic's liens which would take priority over the insured interest (where the liens would otherwise take priority, submission of waivers is necessary). Additional exceptions will be made in the policy for any appropriate matters disclosed. Fn+.iT.res+ea� END OF SCHEDULE B II EXHIBIT C 467 Prepared by: Record and Return to: Donald F. Wright, Esq. Wright, Fulford, Moorhead & Brown, P.A. Post Office Box 2828 Oriando, Florida 32802 I F 1 RELEASE AND HOLD HARMLESS AGREEMENT THIS RELEASE AND HOLD HARMLESS AGREEMENT C Agreemenn is entered into as of 2007s by J. PAT CORRIGAN FAMILY LIMITED PARTNERSHIP, a Florida limited partnership, and HUGH CORRIGAN, III, FAMILY LEY= PARTNERSHIP, a Florida limited partnership, whose mailing address is 7150 20th Street, Suite E, Vero Beach, Florida 32966 C'Corrigan') in favor of ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose mailing address is 4049 Reid Street, Palatka, Florida 32177 ("District"). IL i WITNESSETH:. WHEREAS, Corrigan and District are parties to a certain Agreement For Exchange of Real Property and Settlement Agreement CTxohange and Settlement Agreement), dated 2007, pursuant to which District and Corrigan have agreed to exchange certain I Property as defined in the Exchange and Settlement Agreement. WHEREAS, in connection with the transactions contemplated by the Exchange and Settlement Agreement, and as a material inducement for the parties to enter into the Exchange and Settlement Agreement, Corrigan has agreed to release and hold the District harmless from certain claims, both known and unknown, that Corrigan may have had, may have, or may in the future have against District. NOW, THEREFORE, in consideration of The premises and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Corrigan hereby agrees as follows: 1. General Release and Hold Harmless Agreement. The District and Corrigan acknowledge that they entered into the Exchange and Settlement Agreement, in part, in volunta.^y settlement of any past claims that Corrigan and the Corrigan family, their affiliates, successors, and assigns ("Releasors") may now or hereafter have for any property now, or formerly, or in the future, owned by the Releasors, lying west of Interstate I-95 in Township 32 South, Range 38 East, and a strip of Ind, if any, lying west of and adjacent to Sections 6, 7, 18, 193 30 and 31, in Township 32 South and Range 38 East, in Indian River County, Florida (the 46`8 "Corrigan Lands'). Therefore, on this date, and subject to the terms contained below, Releasors hereby release and hold harmless the District for all past, present, and future claims by Releasors ("Released Claims') for any flooding or seepage on Corrigan Lands as a result of the District's activities on lands owned by the District as a part of or in conjunction with the Upper St. Johns River Basin Project ("Project"j. District and Corrigan ackwwledge that there presently exists upon Corrigan Lands certain berms, dikes, or levee systems (hereinafter collectively the "Water Control Structures') a portion of which are situate upon the western portion of the Corrigan Lands lying adjacent to a Project reservoir, and located generally east of the eastern boundary and shoreline of the Project reservoir. The parties acknowledge that. (i) the intended purpose of the Water Control Structures is to protect Corrigan Lands from Bre movement of water from the Project reservoir (in the form of flooding, seepage or other means) on to Corrigan Lands; and (ii) Corrigan is the owner of the Water Control Structures, and District claims no ownership, possessory interest, or right of use thereof; and (iii) Corrigan shall hereafter be allowed to perform such management, maintemmov, and improvement activities upon and about the Water Control Structures to serve the intended purpose indicated above and to protect the Corrigan interests, from and after the Effective Date hereof provided, however, that nothing contained herein shall be construed to eliminate applicable governmental permitting requirements, constitute the issuance of a District permit, or otherwise waive the regulatory or permitting authority of the District. Releasors shall be solely responsible for management, maintenance and Protection of the Corrigan Lands by utilizing the Water Control Structures and any other facilities necessary to protect Corrigan Lands from flooding, provided the District conducts its water management activities m accordance with Paragraph 7-09 e. and Figure 7-4 of the Preliminary Water Control Manual, Central and Southern Project for Flood Control and Other Purposes, Upper St, Johns River Basin, U.S. Army, Corps of Engineers, September 1991 (copy attached hereto as Exhibit "A'). In the event the District fails to conduct its water management activities as set forth herein and above, then Releasors and the District may negotiate an equitable settlement for repair of such damage, or Releasors may undertake any remedies available by law to cure, correct, repair or otherwise rectify any damage to Corrigan Lands resulting From such flooding or seepage, Any claims by Corrigan would be for damages and/or injunctive relief arising on of said failure and not relate back or include any claims previously released herein above. however, this paragraph does not prevent the District from maintaining water levels in Blue Cypress Water Management Area that are lower than the elevations specified in Paragraph 7-09 e. and Figure 74. 2. lag Fees. Corrigan acknowledges and agrees that the Released Claims include all claims for costs, expenses and attorneys' fees, taxable or otherwise, incurred by Corrigan. 3. Authorit Y. Corrigan represents and warrants that Corrigan has the sole right and exclusive authority to execute this Agreement and to receive the aforesaid consideration, on behalf of itself and on behalf of any entity that could assert aReleased Claim through Corrigan and agrees to hold the District harmless from any such claim. 4. Amendment, It is expressly understood and agreed that this Agreement may not be altered, amended, modified or otherwise changed in any respect whatsoever except by a writing duly executed by authorized representatives of the parties hereto. Corrigan hereby agrees that Corrigan will make no claim at any time or place that this Agreement has been orally altered or modified or otherwise changed by oral communication of any kind or character, 469 5. Choice of Law. This Agreement shall be construed and enforced pursuant to the laws of the State of Florida. 6. }3indinaConditions. The terms and conditions of this Agreement shall run with the Corrigan Lands, and shall be binding on Corrigan, their affiliates, successors, or assigns, and future owners of all or any portion of the Corrigan Iands in perpetuity. This Agreement maybe recorded in the public records by either party, 7. Miscellaneous. Corrigan represents and warrants that (i) sufficient consideration has been given for this Agreement; (ii) no promise or inducement not expressed herein has been made, (iii) this Agreement is executed without reliance upon any statement or representation of any party released hereunder or anyone acting on its or their behalf not expressed herein, (iv) Corrigan has had sufficient opportunity to review this Agreement and has actually consulted with counsel of its choosing with respect hereto; and (v) this Agreement is freely given and received, is duly authorized and each party accepts full responsibility therefor. IN WITNESS VYMREOF, the parties have caused this Agreement to be duly executed and delivered as of the day and year fist above written. Signed, sealed, and delivered In our presence as witnesses: Print name: Print name: J. PAT CORRIGAN FAMILY L=ED PARTNERSHIP, a Florida limited partnership By I. PAT CORRIGAN, General Partner HUGH CORRIGAN, III, FAMILY LIMITED PARTNERSHIP, aFlorida limited partnership By: Print name: HUGH CORRIGAN, FII, General Partner Print name: 47'0 ST. JOHNS RIVER WATER MANAGEMENT DISTRICT By: DAVID G. GRAHAM, Chairman ATTEST: ANN TAYLOR MOORE, Secretary APPROVED: 91R.W.M.D. By: Stanley J. Niego, Esq. Office of General Counsel STATB OF FLORIDA COUNTY OF INDIAN RIVER The foregoing instrument was acknowledged before me this day of 2007, by J. Pat Corrigan, General Partner, on behalf of J. PAT CORRIGAN FAMILY LIMITED PARTNERSHIP, a Florida limited partnership, who is personally known to me or produced as identification. Notary Public Print Name: STATE OF FLORIDA My Commission Expires: COUNTY OF INDIAN RIVER The foregoing instrument was acknowledged before me this day of 2007, by HUGH Corrigan, III, General Partner on behalf of HUGH CORRIGAN III, FAMILY LEvl= PARTNERSHIP, a Florida limited partnership, who is personally known to me or produced as identification. Notary Public Print Name: My CUMInicaion Expires: 4 STATE OF FLORIDA COUNTY OF PUTNAM The foregoing inst =md was acknowledged before me this day of 2007, by DAVID G. GRAHAM, Chairman of the Governing Board of time St. Johns River Water Management District, who is personally known tome, i NOTARY PUBLIC Print Name: My Commission Expires: STATE OF FLORIDA COUNTY OF PUTNAM The foregoing instrument was acknowledged before me this day of 2007, by ANN TAYLOR MOORE, Secretary of the Governing Board of the St. Johns River Water Management District, who is personally known to me. F NOTARY PUBLIC Print Name: My Commission Expires: V:1WFAMt:X IiMNC=9n-WRWMD\Pz1=e Md Hold Hmnku Agro t10-5-07 NEW CLEAN.dw 472 63!09/2007 ?3:03 3863294499 SJRWMD WATER REMLRC PRELIMINARY wpvTER CUHTROL MANUAL CENTRAL AND souTm PROJECT44, FOR FLDOD CONTROL AND UrM PURPOSES UPPER Si. ions RIM --SIN CARPS OF ENGINEEDEPARTMENT- SkCf�gOHYARMY EaUiIi JACKSaHYF1�,. FLORIDA, SEPT Ff 1991 fnrm PAG 02/04 473 03/09/2007 13:03 3063294499 SJRMC WATER Rc aJRC PAGE 03/04 f• Fort Drum Marsh Conservation Area M A1, specified in Interim plan 2. Operations.will be as 9• S . Johns�iYer_i1nOd Plain. Part of L -74H and culvert structure S-255 will be compete prior to .this interim plan, S-Zs5 has flapgates which permit water to flow freely from east side of L-701 to the floodplain of the St. Johns River, 7-09. Interim plan S, During this interim plan L»74H Remainder, L-82, and S-257 will be constructed. $4258 will' be functional. The FDMCA, ROMCA, BCWMA, and the SJWMA will be fully functional during this interim plan. This interim plan will -,be used until the cainpietimn of Contracts 53, SC, and So which will be the completion Of 4.411 project features. a• Jane ii Plan 1. een Detention Are•, ! Operations will in Interim continue as specified b. Taylor Cr e Reservoir. Operations will continue as specified in Interim Plan .1, C6 St. 3ohns Water Mana4emant 'pre, (c_MAJ6 Operations will continue as -specified in Interim plan 3. d. Biue..Cwre s Marsh Conservation Area (50CA). Operations wird be as specified under Idter,tq pian 4, e. will be nfner.GvnresS.,M sr•Manaaemant Ar" (MMA1, Mater in the BcWMA l seasonally regueied hetween eleuations. and 25.5 ft., WgtlO, The regul3t.10n•Schedule. is ftntnd'Orr FPgure used 7»4, When the" s. age is i Zone A, .S -96D wit} be ud to make maximum releases to the Sum, The. spillway gates shall be opened and closed gradually to provide an even transition to the new flow regime and to minimize the hydradlic affects downstream. The correct gate setting for S -96D can be determined from pgthe,Discharge Rating Curves found in additional 600dcfsA.ndSJRWM culvert rSPP conditiousSfrom�iE�eoi1GWMA e Of oto theiSJWMk. When eD mahyo be Ica S 3omayBal a ea opened foreD iennmennmentad' Water supplyter Purposes releases. S-251 will normally retain°open. S-251 will he used to control —� East- BCWMA to prevent ovardrainage of ;the east.por 36 ,— private levees bordering tfie East BMA, and to prevent reverse (bows at high stages from the West 9CWMA to the East RUMA, If the stage in the West BCWMA is greater than 25.0 ft. and is also greater than the stage in the East BCWMA, then S-251 should be closed. 5-251 may also be closed for environmental purposes. S-254', a weir structure, lotaied in the western portion of L-77 will prevent the build up of head an fha levee. hater will flow freely over the weir when the water surface reeches elevation 26l6ater ft., flowNGVD into the. BCMCA to assure post -project flood stages (above the weir elevation) in the flowway and south of lite turnpike that are Tess than or equal to pre -project conditions, Stage vs, Storage data fo`r the SCWMA is found on Table 7-6 located at the end of the chapter, 474 m»mlaG amm# ��m�ee . . . pAeE m« .j J \ § \ \ wmN&2wNOtI22 $ W.{ 2k.9 / tL I ] ( § 7 t m § / / J cr k . |� \ CO E . = e @ 2 W ! E § \ { |7 3\ / � ,� ff \ 2 3, u - ! ) )kOM $/ Lu )m§) �} 22 §�N\�§6 `b )/'a 0tj !� e2;! ;/ 'E/2a« :/ -�_! !> 'Q £Ja; a; $ ;� § <m T. � FIGURE I-4 475 |Nil��|���������|�� no �� .� @N����.� �| \ § \ \ wmN&2wNOtI22 $ W.{ 2k.9 / tL I ] ( § 7 t m § / / J cr k . |� \ CO E . = e @ 2 W ! E § \ { |7 3\ / � ,� ff \ 2 3, u - ! ) )kOM $/ Lu )m§) �} 22 §�N\�§6 `b )/'a 0tj !� e2;! ;/ 'E/2a« :/ -�_! !> 'Q £Ja; a; $ ;� § <m T. � FIGURE I-4 475 Assienment, Settlement and Covenant Agreement Exhibit C — "The Property" ALL OFF SECTION 7, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LESS AND EXCEPTING THE NORTH 120.00 THEREOF; AND ALL THAT PART OF SECTIONS BAND 9, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD N0. 91 A 300 FOOT WIDE RIGHT-OF-WAY), LESS AND EXCEPT THAT PART 'OF THE NORTH 100 FEET OF SECTION 8, TOWNSHIP 32 SOUTH, .RANGE 38 EAST, LYING'WEST OF THE WEST RIGHT-OF-WAY OF INTERSTATE H (STATE ROAD 9, A. 300 FOOT WIDE RIGHT-OF-WAY) AND EAST OF THE EAST RIGHT-OF�WAY LINE OF THE 170 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF"WAY AGREEMENT; AND ALSO LESS AND EXCEPTING THE FDLOWING DESCRIBED PARCEL: BEGINNING AT THE NORTHWEST CORNER OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, RUN SOUTH 89056153" EAST ALONG THE NORTH LINE OF SAID SECTION 8, A DISTANCE OF 41332.24 FEET TO THE EAST RIGHT-OF-WAY LINE OF A 170.00 FOOT WIDE FLORIDA. POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT, SAID EASEMENT RECORDED IN OFFICIAL RECORD BOOK 34, PAGE 312, OFFICIAL RECORD BOOK 125, PAGE 255 AND OFFICIAL RECORD BOOK 194, PAGE 695, PUBLIC RECORDS OF INDIAN RNER COUNTY, FLORIDA; THENCE RUN SOUTH 18045'36" EAST ALONG SAID EAST LINE OF THE 170 FOOT RIGHT-OF-WAY EASEMENT, A DISTANCE OF 105.62 FEET; THENCE RUN SOUTH 82056'53" EAST ON A LINE 100.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 81 A DISTANCE OF 746.09 FEET TO THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO, 9, A 300 FOOT WIDE RIGHT-OF-WAY); THENCE RUN SOUTH 11623'37" EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 254829 FEET;. THENCE, DEPARTING SAID WEST RIGHT-OF-WAY LINE, RUN NORTH 89956'53" WEST, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 81 A DISTANCE OF 400.00 FEET TO THE AFOREMENTIONED EAST RIGHT-OF-WAY LINE OF THE 170,00 POOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT; THENCE RUN NORTH 18°46'50" WEST, ALONG SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 2480.22 FEET; THENCE, DEPARTING SAID EAST RIGHT-OF-WAY EASEMENT UNE, RUN NORTH 89058'53" WEST ON A LINE 250.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 81 A DISTANCE OF 794.25 FEET; THENCE RUN NORTH 80°08'53" WEST, A DISTANCE OF 761.18 FEET; THENCE RUN NORTH 89058'53" WEST ON A LINE 120.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 2873,46 FEET TO THE WEST LINE OF SAID SECTION 6; THENCE RUN NORTH DD*12'48" EAST, ALONG SAID WEST LINE OF SECTION 8, A DISTANCE OF 120.D0 FEET TO THE POINT OF BEGINNING. Prepared By: Stanley J. Niego, Esquire St. Johns River Water Management District P.O. Box 1429 Palatka, Florida 32178-1429 Return To: Donald F. Wright, Esquire Wright, Fulford, Moorhead & Brown, P.A. P.O. Box 2828 Orlando, Florida 32802-2828 COUNTY DEED THIS INDENTURE, made and executed the day of 2008 by INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 180127 tStreet, Vero Beach, FL 32960 ("Grantor"), to ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose post office address is Post Office Box 1429, Palatka, Florida 32178-1429 ("Grantee"). WITNESSETH: THAT Grantor, for and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto Grantee, its successors and assigns forever, all that certain land situate in Indian River County, Florida, to -wit: SEE EXHIBIT "A" ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. SUBJECT TO those exceptions listed on Exhibit `B," attached hereto and incorporated herein by this reference. RESERVING unto the Grantor a non -assignable easement for the perpetual conservation of the lands conveyed hereby, provided, however, that said conservation easement shall at all times be subordinate to the right of the Grantee to utilize the lands conveyed hereby for water storage, flood control, and other water management purposes, as presently existing or as they maybe modified in the future by Grantee, in its sole judgment and discretion. Exhibit D — THIS INSTRUMENT IS EXEMPT FROM STATE DOCUMENTARY STAMP TAX PURSUANT TO SECTION 12B4.014(10) F.A.C. TO HAVE AND TO HOLD, the same in fee simple forever. AND Grantor hereby covenants that Grantor has good right and lawful authority to sell and convey said land; and that said land is free of all encumbrances except easements, restrictions and reservations of record, but the reference thereto shall not serve to re- impose same. IN WITNESS WHEREOF, Grantor has signed and sealed these presents the day and year first above written and executed the same in accordance with section 125.411, Florida Statutes. Attest: J, K. Barton, Clerk By Deputy Clerk (SEAL) STATE OF FLORIDA INDIAN RIVER COUNTY Indian River County, Florida Board of County Commissioners a Sandra L. Bowden, Chairman BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared SANDRA L. BOWDEN, as Chairman of the Indian River County Board of County Commissioners, who is personally known to me or produced as identification, and who executed the foregoing document, and acknowledged before me that he executed the same. WITNESS my hand and official seal this _ day of (NOTARIAL SEAL) Notary Public My Commission Expires: KIIIT. EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY Parcel 1 (Fee Simple Estate): A parcel of land being a portion of Section 30, Township 32 South, Range 38 East, Indian River County, Florida, more particularly described as follows: Fora point of reference commence at the Southwest corner of Section 30, Township 32 South, Range 38 East, Indian River County, Florida; thence run North 00 degrees 26 minutes 45 seconds East, along the West boundary of said Section, a distance of 150.00 feet to a point on a line 150.00 feet North of and parallel with the South line of said Section 30, for the.POINT OF BEGINNING; thence run North 00 degrees 26 minutes 45 seconds East along said West boundary, a distance of 5153.81 feet, thence run South 88 degrees 27 minutes 00 seconds East, for a distance of 2621.03 feet; thence run South 00 degrees 20 minutes 55 seconds West for a distance of 2638.63 feet; thence run North 89 degrees 14 minutes 54 seconds East for a distance of 2619.42 feet; thence run South 00 degrees 18 minutes 22 seconds West for a distance of 2501.73 feet to a point on said line lying 150.00 North of and parallel with the South line of said Section 30; thence run North 89 degrees 44 minutes 51 seconds West, along said line, for a distance of 5250.01 feet to the POINT OF BEGINNING. Parcel 2 (Easement Estate): Together with that certain perpetual Drainage Easement as set forth and reserved in that Special Warranty Deed recorded July 17, 2003 in Official Records Book 1615, Page 2157, Public Records of Indian River County, Florida, over the following parcel, to wit: The South 150 feet of Section 30, Township 32 South, Range 38 East, Indian River County, Florida. EXHIBIT "B" TITLE EXCEPTIONS SCHEDULE E II (Exceptions) Schedule B of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed of to the satisfaction of the Company; 1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the Proposed Insured acquires for value of record the estate or interest or mortgage thereon covered by this Commitment. 2. All assessments and taxes for the year 2008 and all subsequent years, which are not yet due and payable. NOTE; Real estate taxes for the year 2007 are paid; 2007 gross amount being $398.66; Tax I.D. #32-3 9-30-00000-1000-00001/0. 3. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 4. Any encroachments, easements, measurements, variations in area or content, parry walls or other facts which a correct survey of the premises would show. 5. Rights or claims of parties in possession not shown by the public records. 6. Any right, title or interest as to oil, gas and/or minerals as referred to in that certain instrument recorded February 2, 1951, in Deed Book 63. Page 483, Public Records of Indian River County, Florida. NOTE: The right of entry has been released 7. Any rights or interest as indicated by that certain Stumpage Sale Contract recorded in Official Record Book 191. Page 770. Public Records of Indian River County, Florida. S. Drainage Flowage Easement in favor of James B. Cain, recorded July 17, 2003, in Official Records Book 1615, Page 2147, Public Records of Indian River County, Florida. 9. Rights of others in and to any canals located upon the subject property. 10. Notwithstanding the insuring provisions of the Commitment and/or Policy, legal right of access to and from the insured land is not insured. Prepared By: Stanley J. Niego, Esquire St. Johns River Water Management District P.O. Box 1429 Palatka, Florida 32178-1429 Return To.- Donald o:Donald F. Wright, Esquire Wright, Fulford, Moorhead & Brown, P.A. P.O. Box 2828 Orlando, Florida 32802-2828 FEE SIMPLE DEED THIS INDENTURE, made and executed the day of , 2008 by ST, JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose post office address is Post Office Box 1429, Palatka, Florida 32178-1429 ("Grantor"), to INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 180127'1' Street, Vero Beach, FL 32960, as to an undivided Twenty Three and 29/100 (23.291/o) percent interest ("Grantee"). WITNESSETH: THAT Grantor, for and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto Grantee, its successors and assigns, an undivided Twenty Three and 29/100 (23.29%) percent interest in all that certain land situate in Indian River County, Florida ("the Property"), to -wit: SEE EXHIBIT "A" ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. SUBJECT TO those exceptions listed on Exhibit `B," attached hereto and incorporated herein by this reference. Exhibit E THIS INSTRUMENT IS EXEMPT FROM STATE DOCUMENTARY STAMP TAX PURSUANT TO SECTION 12B-4.014(10) F.A.C. TO HAVE AND TO HOLD, the same in fee simple forever. AND Grantor hereby covenants with Grantee that Grantor has good right and lawful authority to sell and convey said land; and that said land is free of all encumbrances except easements, restrictions and reservations of record, but the reference thereto shall not serve to re- impose same. IN WITNESS WHEREOF, Grantor has signed and sealed these presents the day and year first above written. ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes By: ATTEST: DAVID G. GRAHAM, Chairman BY (SEAL) ANN TAYLOR MOORE, Secretary STATE OF FLORIDA COUNTY OF PUTNAM The foregoing instrument was acknowledged before me this _ day of 2008, by DAVID G. GRAHAM, as Chairman of the Governing Board of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes. He is personally known to me. Print STATE OF FLORIDA COUNTY OF PUTNAM The foregoing instrument was acknowledged before me this day of 2008, by ANN TAYLOR MOORE, as Secretary of the Governing Board of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes. She is personally known to me. Print name: EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY ALL OF SECTION 7, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LESS AND EXCEPTING THE NORTH 120.00 THEREOF; AND ALL THAT PART OF SECTIONS 8 AND 9, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 9, A 300 FOOT WIDE RIGHT-OF-WAY), LESS AND EXCEPT THAT PART OF THE NORTH 100 FEET OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY OF INTERSTATE 95 (STATE ROAD 9, A 300 FOOT WIDE RIGHT-OF-WAY) AND EAST OF THE EAST RIGHT-OF-WAY LINE OF THE 170 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY AGREEMENT; AND ALSO LESS AND EXCEPTING THE FOLOWING DESCRIBED PARCEL: BEGINNING AT THE NORTHWEST CORNER OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, RUN SOUTH 89058153" EAST ALONG THE NORTH LINE OF SAID SECTION 8, A DISTANCE OF 4,332.24 FEET TO THE EAST RIGHT-OF-WAY LINE OF A 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT, SAID EASEMENT RECORDED IN OFFICIAL RECORD BOOK 34, PAGE 312, OFFICIAL RECORD BOOK 125, PAGE 255 AND OFFICIAL RECORD BOOK 194, PAGE 695, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA; THENCE RUN SOUTH 18045'36" EAST ALONG SAID EAST LINE OF THE 170 FOOT RIGHT-OF-WAY EASEMENT, A DISTANCE OF 105.62 FEET; THENCE RUN SOUTH 89058'53" EAST ON A LINE 100.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 746.09 FEET TO THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 9, A 300 FOOT WIDE RIGHT-OF-WAY); THENCE RUN SOUTH 11023'37" EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 2548.29 FEET; THENCE, DEPARTING SAID WEST RIGHT-OF-WAY LINE, RUN NORTH 89058953" WEST, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 400.00 FEET TO THE AFOREMENTIONED EAST RIGHT-OF-WAY LINE OF THE 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT; THENCE RUN NORTH 18046'50" WEST, ALONG SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 2480.22 FEET; THENCE, DEPARTING SAID EAST RIGHT-OF-WAY EASEMENT LINE, RUN NORTH 89058'53" WEST ON A LINE 250.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 794.25 FEET; THENCE RUN NORTH 80008'53" WEST, A DISTANCE OF 761.18 FEET; THENCE RUN NORTH 89°58'53" WEST ON A LINE 120.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 2873.46 FEET TO THE WEST LINE OF SAID SECTION 8; THENCE RUN NORTH 00012'48" EAST, ALONG SAID WEST LINE OF SECTION 8, A DISTANCE OF 120.00 FEET TO THE POINT OF BEGINNING. EXHIBIT "B" TITLE EXCEPTIONS CHICAGO TITLE INSURALNCE COMPANY SCHEDULE B Policy Number: 10 2871 106 00000001 This policy does not insure against loss or damage (and the Company will not pay costs, attorneys fees or expenses) which arise by reason of: General Exceptions: Any claim that any portion of said lands are sovereignty lands of the State of Florida, including submerged, filled or artificially exposed lands and lands accreted to such lands. 2. Taxes and assessments for the year 1999 and subsequent years. 3. Restrictions, reservations, covenants and limitations, according to the instrument recorded in Deed Book 34, page 527, of the public records of Indian River County, Florida. 4. Easement in favor of Graves Brothers Company for drainage purposes, as reserved and according to instrument recorded in Deed Book 36, page 182, of the public records of Indian River County, Florida. 5. Terms and provisions of that certain Agreement recorded in Official Records Book 3, page 470, of the public records of Indian River County, Florida. Terms and provisions of that certain Final Decree (Case No. 7120-E, Nineteenth Judicial Circuit, Indian River County, Florida), as recorded in Official Records Book 255, page 267, of the public records of Indian River County, Florida. Easement(s) in favor of Florida Power & Light Company for utility purposes, as reserved and according to instrument recorded in Official Records Book 34, page 312, Official Records Book 125, page 255, Official Records Book 194, page 695, Official Records Book 943, page 2449 and Official Records Book 1133, page 833, of the public records of Indian River County, Florida. Tetras and provisions of that certain Agreement between Florida Power and Light Company, and Houston Texas Gas and Oil Corporation, as recorded in Official Records Book 76, page 496, of the public records of Indian River County, Florida. Easement(s) in favor of Florida Gas Transmission Company for pipeline purposes, as reserved and according to instrument recorded in Official Records Book 268, page 502, of the public records of Indian River County, Florida. 10. Terms and provisions of that certain Water Flowage Agreement with Vero Lakes Water Control District, as recorded in Official Records Book 908, page 2589, of the public records of Indian River County, Florida. IL . Terms and provisions of that certain Agreement with. St. Johns River Water Management District, as recorded in Official Records Book 978, page 2359, of the public records of Indian River County, Florida. 12. Restrictions, reservations and limitations, according to those certain instruments recorded in Official Records Book 1124, page 2101 and Official Records Book 1124. page 2107, of the public records of Indian River County, Florida. 13. Fall Radius Easement as reserved and according to instrument recorded in Official Records Book 1124, page 2114, of the public records of Indian River County, Florida. 14. Order of Taking (Houston Texas Gas and Oil, -vs- T. A. Peebles, et al.), according to instrument recorded in Official Records Book 69, page 330, of the public records of Indian River County, Florida. 15. Interest of Indian River County in rights of way that may exist between Tracts 1119 and 1120, and between Tracts 1115 and 1116. 16. Unrecorded lease and ingress and egress agreements dated August 12, 1996, between Jack M. Berry, Inc. and Talcom, Inc. 17. Unrecorded land lease for billboard location dated September 9, 1996 from Jack M. Berry, Inc., to National Advertising Company. 18. That easement from Fellsmere Water Control District, a quasi -public body existing under Chapter 298 of the Florida Statutes and the St. Johns River Water Management District, a public body existing under Chapter 373 of the Florida statutes, dated June 9, 1999 and recorded on September 1, 1999 in Official Record Book 1292 at page 1917 of the public records of Indian River County, Florida. Countersigned: Floyd m mo"A� Authorized Signatory \ Note: This policy consists of insert pages labeled Schedules A and B. This policy is of no force and effect unless both Pages are included along with any added pages incorporated by reference. Prepared By and Return To: Stanley J. Niego, Esquire St. Johns River Water Management District P.O. Box 1429 Palatka, Florida 32178-1429 Return To: Donald F. Wright, Esquire Wright, Fulford, Moorhead & Brown, P.A. P.O. Box 2828 Orlando, Florida 32802-2828 MUTUAL DEED RESTRICTION THIS MUTUAL DEED RESTRICTION, made and executed the day of 2008 by and between ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, whose post office address is Post Office Box 1429, Palatka, Florida 32178-1429 ("the District') and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, whose mailing address is 1801 27th Street, Vero Beach, FL 32960 ("the County") (collectively referred to as "the Parties"). WITNESSETH: WHEREAS, the District is the owner of an undivided 76.71 percent interest and the County is the owner of an undivided 23.29 percent interest in the following described property, located in Indian River County, Florida: SEE EXHIBIT "A" ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE; and WHEREAS, the Parties wish to ensure that neither party takes any action with regard to the alienation of its interest in the Property, in whole or in part, or placement of any encumbrance on the Property, without the consent of the other party. NOW. THEREFORE, in consideration of the aforesaid premises, which are hereby made a part hereof. and the sum of Ten Dollars ($10.00) and other valuable consideration, receipt whereof is hereby acknowledged, the Parties hereby agree as follows: Exhibit F I . Neither the District nor the County shall take any action that conveys, assigns, or otherwise transfers an interest in the Property, in whole or in part, without the prior written consent of the other party, with the exception that the County may transfer its undivided interest in the Property, in whole or in part, to the State of Florida Board of Trustees of the Internal Improvement Trust Fund ("the Trustees") or the State of Florida Department of Environmental Protection (FDEP). The Trustees or FDEP must accept the conveyance of any interest transferred by the County. The document evidencing written consent by both parties shall be in recordable form, signed by officers of each party having the authority to execute deeds of conveyance, and attached to any instrument conveying the County or the District's interest in the Property to a third party. 2. This deed restriction shall run with the land and be perpetual in nature, but may be revoked upon the recording of a document executed by the duly authorized officials of both parties. IN WITNESS WHEREOF, the Parties have signed and sealed this Mutual Deed Restriction the day and year first above written. ATTEST: By: ANN TAYLOR MOORE, Secretary STATE OF FLORIDA COUNTY OF PUTNAM ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes By: DAVID G. GRAHAM, Chairman (SEAL) The foregoing instrument was acknowledged before me this day of , 2008, by DAVID G. GRAHAM, as Chairman of the Governing Board of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes. He is personally known to me. name: STATE OF FLORIDA COUNTY OF PUTNAM The foregoing instrument was acknowledged before me this day of 2008, by ANN TAYLOR MOORE, as Secretary of the Governing Board of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes. She is personally known to me. Print name: (Remaining signatures on next page) Signed, sealed and delivered in the presence of: Print/Type Witness Name Print/Type Witness Name STATE OF FLORIDA INDIAN RIVER COUNTY INDIAN RIVER COUNTY, FLORIDA By: Chairman Attest: By: Deputy Clerk (SEAL) BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared as Chairman of the Indian River County Board of County Commissioners, who is personally known to me or produced as identification, and who executed the foregoing document, and acknowledged before me that he executed the same. WITNESS my hand and official seal this _ day of (NOTARIAL SEAL) STATE OF FLORIDA INDIAN RIVER COUNTY Notary Public My Commission Expires: 2008. BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared as Deputy Clerk of the Indian River County Board of County Commissioners, who is personally known to me or produced as identification, and who executed the foregoing document, and acknowledged before me that he executed the same. WITNESS my hand and official seal this _ day of 2008. (NOTARIAL SEAL) Notary Public My Commission Expires: EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY ALL OF SECTION 7, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LESS AND EXCEPTING THE NORTH 120.00 THEREOF; Wi. ALL THAT PART OF SECTIONS 8 AND 9, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 91 A 300 FOOT WIDE RIGHT-OF-WAY), LESS AND EXCEPT THAT PART OF THE NORTH 100 FEET OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY OF INTERSTATE 95 (STATE ROAD 9, A 300 FOOT WIDE RIGHT-OF-WAY) AND EAST OF THE EAST RIGHT-OF-WAY LINE OF THE 170 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY AGREEMENT; AND ALSO LESS AND EXCEPTING THE FOLOWING DESCRIBED PARCEL: BEGINNING AT THE NORTHWEST CORNER OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, RUN SOUTH 89058'53" EAST ALONG THE NORTH LINE OF SAID SECTION 8, A DISTANCE OF 4,332.24 FEET TO THE EAST RIGHT-OF-WAY LINE OF A 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT, SAID EASEMENT RECORDED IN OFFICIAL RECORD BOOK 34, PAGE 312, OFFICIAL RECORD BOOK 125, PAGE 255 AND OFFICIAL RECORD BOOK 194, PAGE 695, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA; THENCE RUN SOUTH 18045'36" EAST ALONG SAID EAST LINE OF THE 170 FOOT RIGHT-OF-WAY EASEMENT, A DISTANCE OF 105.62 FEET; THENCE RUN SOUTH 89058'53" EAST ON A LINE 100.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 746.09 FEET TO THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 9, A 300 FOOT WIDE RIGHT-OF-WAY); THENCE RUN SOUTH 11023'37" EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 2548.29 FEET; THENCE, DEPARTING SAID WEST RIGHT-OF-WAY LINE, RUN NORTH 89058'53" WEST, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 400.00 FEET TO THE AFOREMENTIONED EAST RIGHT-OF-WAY LINE OF THE 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT; THENCE RUN NORTH 18046'50" WEST, ALONG SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 2480.22 FEET; THENCE, DEPARTING SAID EAST RIGHT-OF-WAY EASEMENT LINE, RUN NORTH 89058'53" WEST ON A LINE 250.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 794.25 FEET; THENCE RUN NORTH 80008'53" WEST, A DISTANCE OF 761.18 FEET; THENCE RUN NORTH 89°58'53" WEST ON A LINE 120.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 2873.46 FEET TO THE WEST LINE OF SAID SECTION 8; THENCE RUN NORTH 00012'48" EAST, ALONG SAID WEST LINE OF SECTION 8, A DISTANCE OF 120.00 FEET TO THE POINT OF BEGINNING. OWNER'S AFFIDAVIT OF TITLE BEFORE ME, the undersigned authority, personally appeared the undersigned Kirby B. Green, III ("Affiant"), whose title is the Executive Director of the St. Johns River Water Management District, who states on behalf of Seller (as hereinafter defined) as follows: ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, ("Seller"), is the owner of and is selling an undivided 23.29% interest in the following described property to INDIAN RIVER County, a political subdivision of the State of Florida ("Buyer"), to wit: See Exhibit "A" attached hereto for legal description (hereinafter "Property"). The Property is free and clear of all liens, taxes, encumbrances, and claims of every kind, nature and description of record whatsoever, except as set forth in Chicago Title Insurance Company Policy No. 10 2871 106 00000001, dated April 5, 1999, at 3:39 p.m. (hereinafter "Title Policy"), and except for that certain unrecorded Cattle Grazing Lease entered into between Seller and Cresent TS Cattle Company on April 12, 2000. 3. There have been no improvements to the Property since acquisition by the Seller for which the costs remain unpaid; there are no claims for labor or material furnished for improving the same that remain unpaid since the acquisition by Seller; and there are no mechanic's, materialmen's, or laborer's liens since acquisition by Seller against the Property. 4. There have been no documents recorded by Seller in the Public Records of Indian River County, Florida, subsequent to April 5, 1999, that affect title to the Property; and Seller has not entered into any contracts for the sale, disposition or leasing of the Property thereafter, except as may have been disclosed to Buyer in writing; and Seller has no knowledge of any matter affecting title to the Property subsequent to the issuance of the Title Policy. 5. The Seller knows of no violations of Municipal or County Ordinances pertaining to the Property. 6. There are no matters pending against the Seller that could give rise to alien that would attach to the Property between April 5, 1999 and the recording of the Deed from Seller to Buyer. Seller has not and will not execute any instruments that would adversely affect the Buyer's interest in the Property. 7. Seller's title to, and possession and enjoyment of, the Property have been open, notorious, peaceable and undisturbed, and have never been disputed nor questioned. There are no persons other than Seller in possession of the Property, except for that certain unrecorded Cattle Grazing Lease entered into between Seller and Cresent TS Cattle Company on April 12, 2000. 8. There are no disputes concerning the boundary lines of the Property. Exhibit G 9. Affiant has received no notice of any public hearing regarding assessment for improvements or changes in applicable zoning laws concerning the Property within the past ninety (90) days. 10. There are no unrecorded easements, claims of easement or rights-of-way by Seller affecting all or any portion of the Property, except as disclosed herein and as reflected in Schedule B -II of the title insurance policy described in paragraph 2, above. 11. For purposes of this Affidavit, the term "Environmental Law" shall mean any and all applicable federal, state or local laws, statutes, ordinances, rules, regulations or other governmental restrictions regulating, related to, or imposing liability or standards of conduct concerning Hazardous Materials as hereinafter defined ("Environmental Law"). For purposes of this Affidavit, the term "Hazardous Materials" shall mean any hazardous or toxic substance, material, or waste of any kind or any other substance which is regulated by any Environmental Law. Seller has not placed, or permitted to be placed, any Hazardous Materials on the Property and Seller has no actual knowledge of any other person or entity placing, or permitting to be placed, any Hazardous Materials on the Property. Seller has no actual knowledge of any condition or circumstance relating to the Property which requires or may, in the future, require cleanup, removal or other remedial action or other response under Environmental Laws on the part of Seller that would subject Seller or a subsequent owner of all or any portion of the Property to liability, penalties, damages or injunctive relief. Seller has no actual knowledge of any underground treatment, buried, partially buried or above ground storage tanks, storage vessels, sumps, drums, containers, water, gas, or oil wells, or landfills are or have ever been located on the Property. Seller has never violated, and is presently in compliance with, all Environmental Laws applicable to the Property and has not actual knowledge of any such violation by others who have owned, occupied or possessed the Property. Seller has not received any warning notice, notice of violation, administrative complaint, judicial complaint or other formal or informal notice issued by any federal, state or local environmental agency alleging that conditions on the Property are in violation of any Environmental Law. 12. Seller states that this declaration was carefully read and is true and correct, and is given pursuant to the requirements of that certain "ASSIGNMENT, SETTLEMENT AND COVENANT AGREEMENT' dated as of April 8, 2008 by and between THE GOVERNING BOARD OF THE ST. JOHNS RIVER WATER MANAGEMENT DISTRICT and INDIAN RIVER County, a political subdivision of the State of Florida. FURTHER AFFIANT SAYETH NAUGHT. By: Title: 2 Executive Director STATE OF FLORIDA PUTNAM COUNTY BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared Kirby B. Green, III, to me personally known and known to me to be the Executive Director of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, who, being duly authorized, executed the foregoing document, and he acknowledged before me that he executed the same on behalf of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT. WITNESS my hand and official seal this day of April, 2008. Notary Public (NOTARIAL SEAL) My Commission Expires: EXHIBIT "H" STATE OF FLORIDA FLORIDA LAND AND WATER ADJUDICATORY COMMISSION INDIAN RIVER COUNTY PETITIONER, V. WMD 07-17 ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, RESPONDENT. PELICAN ISLAND AUDUBON SOCIETY, ET AL. PETITIONERS, V. WMD 07-18 ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, RESPONDENT. JOINT STIPULATION FOR DISMISSAL Pursuant to Rule 42-2.016, Florida Administrative Code, and Fla. R. App. Proc. 9.350(x), Petitioner, Indian River County, and Respondent, St. Johns River Water Management District, hereby file this Joint Stipulation for Dismissal of this appeal and state that the parties have amicably resolved their dispute. 492 Respectfully Submitted Kathryn Mennella Fla. Bar No. 320714 Stanley Niego Fla. Bar No. 193830 Attorneys for St. Johns River Water Management District 4049 Reid Street Palatka, FL 32177-2529 (386)329-4215 DATED: George Glenn, Esq. Attorney for Indian River County 1840 25th Street Vero Beach, FL 32960 DATED: 493 CERTIFICATE OF SERVICE I HEREBY CERTIFY that the original of the above was sent on 2008 by e-mail and by United States mail to: Ms. Barbara Leighty Clerk, Florida Land and Water Adjudicatory Commission Room 1802, The Capitol Tallahassee, Florida 3 23 99-0001 and that a true and correct copy was sent by United States mail to: Honorable Charlie Crist Governor PL 02 The Capitol Tallahassee, FL 32399 Honorable Alex Sink Chief Financial Officer PL 11 The Capitol Tallahassee, FL 32399 Bud Vielhauer Deputy General Counsel Kelly Samek Sr. Asst. General Counsel Marjory Stoneman Douglas Bldg. 3900 Commonwealth Boulevard Tallahassee, Florida 32399-3000 George Glenn, Esq. Attorney for Indian River County 1840 25h Street Vero Beach, FL 32960 Honorable Bill McCollum Attorney General PL 01 The Capitol Tallahassee, Florida 32399 Honorable Charles H. Bronson Agriculture Commissioner PL 08 The Capitol Tallahassee, FL 32399 Marcy I. LaHari, Esq. Attorney for Pelican Island Audubon Society, et al. 711 Talladega Street West Palm Beach, FL 33405 Kathryn Mennella 494 Instrument Prepared and should he returned to: Indian River County Attorney's Office Marian Fell, Esquire 18012 7'h Street, Vero Beach, FL 32960 NOTICE OF LIMITATION OF USE This Notice of Limitation of Use, dated April _, 2008, gives notice that the real property located in Indian River County, Florida, more specifically described in Exhibit "A" attached hereto and incorporated herein by this reference (the "Property") is jointly owned by St. Johns River Water Management District, a public body existing Chapter 373, Florida Statutes, whose address is P.O. Box 1429, Palatka, FL 32178 (the "District") and Indian River County, a political subdivision of the State of Florida, whose address is 1801 27`h Street, Vero Beach, FL 32960 (the "County"), in accordance with the terms and provisions of an "Assignment, Settlement, and Covenant Agreement" entered into between the District and the County dated April , 2008 (the "Agreement"). The use and management of the Property is restricted as set forth in the Agreement and also in that certain Land Management Plan for the Sand Lakes Restoration Area dated April 12, 2002 (the "Plan"). As set forth in the Agreement, the Plan may be amended from time to time with the prior written approval of the District and the County; and the Property will be available for public access and public passive recreational uses consistent with the objectives of the Plan. Copies of the Plan and Agreement are available at the offices of the District and the County. Exhibit I IN WITNESS WHEREOF, the parties have signed and sealed this Notice of Limitation of use the day and year first above written. ST. JOHNS RIVER WATER MANAGEMENT DISTRICT By KIRBY B. GREEN, III Executive Director (SEAL) Executed on: . 2008 ATTEST: WILLIAM H. CONGDON, Deputy General Counsel Approved as to form and content By: STANLEY J. NIEGO Sr. Assistant General Counsel, SJRWMD STATE OF FLORIDA PUTNAM COUNTY BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared Kirby B. Green, III, to me personally known and known to me to be the Executive Director of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT, a public body existing under Chapter 373, Florida Statutes, who being duly authorized, executed the foregoing document, and he acknowledged before me that he executed the same on behalf of the ST. JOHNS RIVER WATER MANAGEMENT DISTRICT. WITNESS my hand and official seal this _ day of 2008. Notary Public (NOTARIAL SEAL) My Commission Expires: Attest: J, K. Barton, Clerk By Deputy Clerk STATE OF FLORIDA COUNTY OF INDIAN RIVER Indian River County, Florida Board of County Commissioners Loa Date Sandra L. Bowden, Chairman BEFORE ME, an officer duly authorized to take acknowledgments in the State and County aforesaid, personally appeared Sandra L. Bowden, to me personally known and known to me to be the Chairman of the Indian River County Board of County Commissioners, who being duly authorized, executed the foregoing document, and she acknowledged before me that she executed the same on behalf of the Indian River County Board of County Commissioners. WITNESS my hand and official seal this (NOTARIAL SEAL) Attachment: Exhibit "A" day of Notary Public My Commission Expires: 2008. EXHIBIT "A" LEGAL DESCRIPTION OF PROPERTY ALL OF SECTION 7, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LESS AND EXCEPTING THE NORTH 120.00 THEREOF; AND ALL THAT PART OF SECTIONS 8 AND 9, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 9, A 300 FOOT WIDE RIGHT-OF-WAY), LESS AND EXCEPT THAT PART OF THE NORTH 100 FEET OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, LYING WEST OF THE WEST RIGHT-OF-WAY OF INTERSTATE 95 (STATE ROAD 9, A 300 FOOT WIDE RIGHT-OF-WAY) AND EAST OF THE EAST RIGHT-OF-WAY LINE OF THE 170 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY AGREEMENT; AND ALSO LESS AND EXCEPTING THE FOLOWING DESCRIBED PARCEL: BEGINNING AT THE NORTHWEST CORNER OF SECTION 8, TOWNSHIP 32 SOUTH, RANGE 38 EAST, RUN SOUTH 89058'53" EAST ALONG THE NORTH LINE OF SAID SECTION 8, A DISTANCE OF 4,332.24 FEET TO THE EAST RIGHT-OF-WAY LINE OF A 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT, SAID EASEMENT RECORDED IN OFFICIAL RECORD BOOK 34, PAGE 312, OFFICIAL RECORD BOOK 125, PAGE 255 AND OFFICIAL RECORD BOOK 194, PAGE 695, PUBLIC RECORDS OF INDIAN RIVER COUNTY, FLORIDA; THENCE RUN SOUTH 18045'36" EAST ALONG SAID EAST LINE OF THE 170 FOOT RIGHT-OF-WAY EASEMENT, A DISTANCE OF 105.62 FEET; THENCE RUN SOUTH 89°58'53" EAST ON A LINE 100.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 746.09 FEET TO THE WEST RIGHT-OF-WAY LINE OF INTERSTATE 95 (STATE ROAD NO. 9, A 300 FOOT WIDE RIGHT-OF-WAY); THENCE RUN SOUTH 11023'37" EAST ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 2548.29 FEET; THENCE, DEPARTING SAID WEST RIGHT-OF-WAY LINE, RUN NORTH 89°58153" WEST, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 400.00 FEET TO THE AFOREMENTIONED EAST RIGHT-OF-WAY LINE OF THE 170.00 FOOT WIDE FLORIDA POWER AND LIGHT COMPANY TRANSMISSION LINE RIGHT-OF-WAY EASEMENT; THENCE RUN NORTH 18046150" WEST, ALONG SAID EAST RIGHT-OF-WAY LINE, A DISTANCE OF 2480.22 FEET; THENCE, DEPARTING SAID EAST RIGHT-OF-WAY EASEMENT LINE, RUN NORTH 89058'53" WEST ON A LINE 250.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 794.25 FEET; THENCE RUN NORTH 80008'53" WEST, A DISTANCE OF 761.18 FEET; THENCE RUN NORTH 89°58'53" WEST ON A LINE 120.00 FEET SOUTH OF, PARALLEL WITH AND NORMAL TO THE AFOREMENTIONED NORTH LINE OF SECTION 8, A DISTANCE OF 2873.46 FEET TO THE WEST LINE OF SAID SECTION 8; THENCE RUN NORTH D0012'48" EAST, ALONG SAID WEST LINE OF SECTION 8, A DISTANCE OF 120.00 FEET TO THE POINT OF BEGINNING.