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HomeMy WebLinkAboutWinter Springs Development Joint Venture Assignment and Assumption Agreement - 1993 08 31 e e ASSIGNMENT AND ASSUMPTION AGREEMENT FOR WATER AND SEWER CONNECTIONS This Assignment and Assumption Agreement, dated as of the 31st day of August, 1993, is made by..and between WINTER SPRINGS DEVELOPMENT JOINT VENTURE, a Florida general partnership ("Assignor"), and ROBERT A. YEAGER, Trustee ("Assignee"): WIT N E SSE T H: WHEREAS, Assignor and Assignee entered into that certain Purchase and Sale Agreement ("Agreement") dated April 14, 1993 for the sale and purchase of certain property, as more particularly described in Exhibit A (the "Property"); and WHEREAS, Assignor has certain rights and obligations under an agreement with the City of Winter Springs, Florida dated Apri126, 1990 (the "Developer Agreement"), including without limitation, the rights to certain water and sewer connections to serve the Property; and WHEREAS, in connection with the sale of the Property, Assignor desires to transfer to Assignee all of Assignor's right, title and interest in and to three hundred (300) Equivalent Residential Connections (Group I ERCs) as defmed in the Developer Agreement; and WHEREAS, Assignee desires to assume the duties and obligations of Assignor with respec,t to the three hundred (300) Group I ERCs; NOW, THEREFORE, in accordance with the Developer Agreement and in consideration of the sum of Ten Dollars ($10.00), the sufficiency and receipt of which are hereby acknowledged, the parties do hereby covenant and agree as follows and take the following actions: 1. Assignor does hereby assign and transfer to Assignee, all of the Assignor's rights, title and interest in and to Three Hundred (300) Group I ERCs as defmed above. 2. The Three Hundred (300) Group I ERCs are being quit-claimed "as is" "where is" and "with all faults" as of the date of this Assignment and Assumption Agreement, without any representation or warranty whatsoever as to their condition, fitness for any particular purpose, merchantability or any other warranty, express or implied. Assignor specifically disclaims any warranty, guaranty or representation, oral or written, past or present, express or implied concerning the Three Hundred (300) Group I ERCs. 3. Assignee hereby accepts the foregoing assignment of the Three Hundred (300) Group I ERCs and hereby assumes all duties and obligations of Assignor with respect to (a) the Three Hundred (300) Group I ERCs; and (b) all rights and obligations of Assignor under the Developer Agreement with regard to the Three Hundred (300) Group I ERCs being assigned herein. Such duties and obligations include without limitation, the obligation to post a surety bond with respect to such Group I ERCs. Assignee shall defend, indemnify and hold harmless Assignor from and against any and all "Claims" asserted against or incurred by Assignor in connection with (a) any acts or omissions, with respect to the Three Hundred (300) Group I ERCs accruing after the date hereof; (b) this Assignment and Assumption Agreement; (c) any e e claims made by Continental Casualty Company, any other bond company referred to in the Developer Agreement or the City of Winter Springs with respect to the Three Hundred (300) Group I ERCs; and \d) all obligations of Assignor under the Developer Agreement with regard to the Three Hundr~ (300) Group I ERCs being assigned herein. "Claims" means claims, demands, causes of action, losses, damages, liabilities, judgments, costs and expenses (including attorneys' fees, whether suit is instituted or not) and including any claim due to the invalidity of any of the assignments referred to herein. 4. It is hereby agreed and understood that by the foregoing assignment Assignor shall not be precluded from entering and shall have the right to enter into any amendment or modification of the Developer Agreement with the City of Winter Springs which the Assignor deems appropriate in its sole discretion; provided however, that no such amendment or modification shall affect in any manner, Assignee's rights in and to the Three Hundred (300) Group I ERCs assigned herein or any right of use appurtenant thereto. 5. This Assignment and Assumption Agreement shall be (a) binding upon, and inure to the benefit of, the parties to this Assignment and Assumption Agreement and their respective heirs, legal representatives, successors and assigns, and (b) construed in accordance with the laws of the jurisdiction in which the Property is located, without regard to the application of choice of law principles, except to the extent such laws are superseded by federal law . IN WITNESS WHEREOF, this Assignment and Assumption Agreement has been signed and depvered by the parties as of the date first above written. Signed, Sealed and Delivered in the presence of: WINTER SPRINGS DEVELOPMENT JOINT VENTURE, a Florida general partnership ~0 Type or Print Name By: Home Capital Corporation, a California corporation d/b/a Home ita! Development Group, general partner ::?d By: ~9-1 Type or Print N e Its ... ?~PG G :~~M, ,~~~~'~J_A Type '" Print N"". . ,J. ~. ~~~~.~ BY'~~: !tj1.JUIJI5 Type or Print Name , ;:;e :J:PName g~!1113 ~~~'t Type or Print Name -2- e e By: HumbO~nanCial Services Corp., general partner ~~~~~~ By:_ 7:t!o~t~~ Type or Print Name Type or Print 9 to Its . ( . ~~~ :J( . jI") . I . " I/' ~p~; ~ By' P . fIA. '-:51:':;';~ ~ .~ M. r:e or PVtpe ~ MISK-/AJ/S Type or Print Name ~ ~~,~~ Type or Print Name ASSIGNOR ~~~ ~~'" 1) ~t~~ Type or Print Name J:est}!::d:O/u Type or Print Name ASSIGNEE The undersigned hereby consents and agrees to the above Assignment. WITNESSES: CITY OF WINTER SPRINGS, a Florida municipal corporation ~; IoHfi," ff I Type or Print Name hL..A(1 'T ~~ IJt AA..I( r. ,It) 1) LT. '" Type or Print Name IMFDIlMR3200146688/101IJAXB08IMFD:lmr 8/9193;11 :49.m -3- e e EXHIBIT A TO ASSIGNMENT AND ASSUMPTION AGREEMENT Legal Description e e EXHIBIT A PARCEL 15 That portion of the following property located in Seminole County, Florida lying East of the center line of Howell Creek: All that part of the Map of the Phillip R. Y onge Grant as recorded in Plat Book 1, Pages 35 through 38 of the public records of Seminole County, Florida and a portion of the Southeast 1/4 of Section 5 and a portion of the Northeast 1/4 of Section 8, Township 21 South, Range 31 East, Seminole County, Florida, lying South of S.R. 434 (old S.R. 419); North of the Lake Charm Branch of the Seaboard Coast Line Railroad and East of GARDENA FARMS, TOWN SITES, as recorded in Plat Book 6, page 39 of the public records of Seminole County, Florida, less right of way of Black Hammock Branch of the S.C.L. Railroad; which property is also described as follows: , ., TUS~IL~ PARCEL lS/PhRCEL 1 EXHIBIT A CONTINUED e DESCRIPTIO N: . That part of the MAP OF THE PHILLIP R. YOUNGE GRANT. as recorded in Plat Book 1. Pages 35 through 38 of the Public Records of Seminole County and that part of Sections 5 and 8. Township 21 South. Range 31 East. Seminole COUfltyJ Florida. being described as follows: Begin at the Northeast corner of said Section 8. Township 21 South. Range 31 East. Seminole County. Florida. thence run S 00024'55" E along the East line of the Northeast 1/4 of said Section 8. for a distance of 205.56 feet to the Point of Intersection of the Northerly Right-of~Way line of the Lake Charm Branch of the Seaboard Coast Line Railroad (100' R/W) with the Easterly Right-of-Way line of the Black Hanunock Branch of Seaboard Coast line Railroad. said Point of Intersection being a point on a curve concave Northeasterly having a radius of 799.85 feet and a chord bearing of N 49002'35" W; thence run Northwesterly along the arc of said curve and said Easterly Right-of-Way line through a central angle of 08011'08" for a distance of 114.27 feet to a point on a curve concave Northeasterly having a radius of 651.23 feet and a chord bearing of N 20036'17" W; thence run along the arc of said curve and said Easter!y Right-of-Way line 'through a central angle of 54035'00" for a distance of 620.40 feet; th~nce run N 06021'38" E along said Easterly Right-of-Way line for a 1540.55' feet; thence leaving said Easterly Right-of-Way line run S 89032'22" E along the South Right-of-Way line of State Road No. 434 (60' RIW) for a distance of 131.05 feet; thence run S 00011'57" W along the East line of the Southeast 1/4 of Section 5. Township 21 South. Range 31 East for a distance of 1958.31 feefto the POlNT OF BEGINNING. TOGETIIER WIlli: Commence at the Northeast comer of Section 8. Township 21 South. Range 31 East. Seminole County. Florida. thence.run S 00024'55" E along the East l~e. of the Northeast 1/4 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Way line of the Lake Charm Branch of the Seaboard Coast Line Railroad (lOO' RJW); thence run N 54034'57" W along said Northerly Right-of-Way line for a ~Hstance of 293.14 feet to a point on a curve concave Southwesterly having a radius of 1959.19 feet and a chord bearing of N 66056'09" W; thenc~ run Northwesterly along the . arc of said curve and said Northerly Right-of-Way line through a central angle of 24044'10" for a distance of 845.83 feet to the point of tangency; Page 2 of 11 . . ~~S~ILLA PhRCEL 15/P~RCEL 1 EXHIBIT A CONTINUED It thence run N 79018'14" W along said Northerly Right-of-Way line for a distance of 691.26 feet to the point of curvature of a curve concave Southwesterly having a radius of 2612.09 feet; thence run Northwesterly along the arc of said curve and said Northerly Right-of- V-lay line through a central angle of 11046'38" for a distance of 536.92 feet to ~e point of tangency; thence run S 88055'08" W along said Northerly Right-of-Way line for a distance of 96.48 feet to the Easterly Right-of-Way line of Proposed Vistawilla Drive and a point on a curve concave Southeasterly having a radius of 460.00 feet and a chord bearing of N 44053'28" E; thence run Northeasterly along the arc of said curve and said Easterly Right-of-Way line through a central angle of 69000'18" for a distance of 554.01 feet to the point of reverse curvature of a curve concave Northwesterly having a radius of 790.00 feet and a chord bearing of N 44050'5011 E: thence run Northeasterly along the arc of said curve and said Easterly Right-of-Way line through a central angle of 69005'33" for a distance of 952.65 feet to the POINT OF BEGINNlNG: thence continue Northerly along said Easterly Right-of-Way line and said curve having a radius of 790.00 feet and a chord bearing of N 05022'5111 E through a central angle of 09050'25" for a distance of 135.68 feet to a point of non- tangency; thence run N 06010'16" E along said Easterly Right-of-Way line for a distance of 100.50 feet; thence run N 00027'38" E along said Easterly Right-of-Way line for a distance of 214.99 feet to the point of curvature of , a curve concave Southeasterly having a radius of 25.00 feet; thence run Northeasterly along the arc of said curve through a central angle of 90000'00" for a distance of 39.27 feet; thence run S 89032'22" E along a line that is 25.00 feet South of and parallel with the South Right-of- \Vay line of State Road 434 for a distance of 404.53 feet; thence run N 00027'38" E for a distance of 25.00 feet to said South Right-of-Way line; thence run S 89032'22" E along said South Right-of-Way line for a distance of 639.86 feet to the West Right-of-Way line of the Black Hammock Branch of the Seaboard Coast Line Railroad; thence run S 06021'38" W along said West Right-of-Way line for a distance of 502.66 feet; thence leaving said West Right-of-Way line run N 89032'22" W for a distance of 1039.34 feet to the POlNT OF BEGINNING. i , . TOGETIIER WIlli: Commence at the Northeast comer of Section 8, Township 21 South, Range 31 East. Seminole County, Florida, thence run S 00024'55" E along the East line of the'Northeast 1/4 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Way line of the Lake Charm Branch of the Seaboard. Coast ~ine Railroad (l00' RJW); thence run N 54034'57" W a.long said Northerly Right-of-Way line for a distance of 293.14 feet to a Page 3 of 11 -.,"&_.., ?'''~r; '~/-'DC;-' ~ .....~__-J". ~,-__",;> Cr-T\.. __ ... e EXHIBIT A CONTINUED point on a curve concave Southwesterly having a radius of 1959.19 feet and a chord bearin2 of N 66056'09" Vol; thence run Nonhwesterly alon2 the arc of said cun~e and said Northerly Right-of-\Vay line through a c~ntral angle of 24044'10" for a distance of 845.83 fut to the point of tangency: thence run N 79018'14" \\' along said Northerly Right-of- \Vay .line for a distance of 691.26 feet to the point of cun'ature of a cun'e concave Southwesterly having a radius of 2612.09 feet; thence run Northwesterly along the arc of said curve and said Northerly Right-of- V\'ay line through a central angle of 11046'38" for a distance of 536.92 feet to the point of tangency; thence run S 88055'08" \V along said Northerly Right-of- \Va)' line (or a distance of 178.11 to the Westerly Right-of-'Vay line of Proposed Vistawilla Drive; thence run N 10023'19" E along said \Vester]y Ri2hl-of-\Vay line for a distance of 16.23 feet to the point of cur\'anue of a cu;:ve concave So.utheasterly having a radius of 540.00 feet; thence run along the arc of said curve and said Westerly Right-of-Way line through a central angle of 69000'18" for a distance of 650.36 feet to the point of re\'erse curvature of a curve concave Northwesterly having a radius of 7] 0.00 feet and a chord bearing of N 71054'55" E; thence run Northeasterly along the arc of said cun'e and said Westerly Right-of-Way line throu2h a central an2le of 14057'22" for a distance of 185.33 feet to ... ... the POlNT OF BEG~G; thence leaving said Westerly Right-of-Way , l,ine run N 30022'39" W along a non-radial line for a distance of 356,04 feet; thence run N 89052'39" W for a distance of 2250.00 feet; thence run N 00007'21" E for a distance of 100.00 feet; thence run N 47003'59" E for a distance of 292.95 feet; thence run N 00007'21" E for a distance of 400.00 feet to the South Right-of-Way line of State Road No. 434 (60' RlW); thence run S 89052'39" E along said South Right-of-Vlay line for a distance of 1580.00 feet; thence run S 89032'22" E along said South Right- of-Way line for a distance of 611.08 feet; thence leaving said South Right- of- \Vay line run S 00027'38" W for a distance of 25.00 feet; thence run S 89032'22" E along a line 25.00 feet South of and parallel with said South Right-of-Way line for a distance of 395.00 feet to the point of curvature of a curve concave Southwesterly having a radius of 25.00 feet; thence run Southeasterly along the arc of said curve through a central angle of 90000'00" .for a distance of 39.27 feet; thence run S 00027'38" \V along the Westerly Right-of-Way line of Proposed Vista willa Drive for a distance of 214.99 feet; thence run S 05015'00" E along said Westerly Right-of- Way line for a distance of 100.50 feet to a point on a curve concave . Northwesterly having a radius of 710.00 feet and a chord bearing of S 32026'56" 'V; thence run Southwesterly along the arc of said cun~e and said Rig~t-of- V\Tay line through a central angle 0.[ 63058'36" for a distance of 792.79 feet to the POINT OF BEGIl\TNING. Page 4 of 11 7.\JS_:"'~PhR.C!:L 15/PJ..~::~L 2 e EXHIBIT A CONTINUED DESCRIPTION: That part of the MAP OF THE PHILLIP R. YONGE GRANT, as recorded in Plat Book 1, Pages 35 through 38 of the Public Records of Seminole County and that part of Section 5, Township 21 South, Range 31 East, Seminole County, Florida. being described as follows: Commence at the Northeast comer of Section 8, Township 21 South, Range 31 East, Seminole County, Florida, thence run S 00024'55" E along the East line of the Northeast 1/4 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Way line of the Lake Charm Branch of the Seaboard Coast Line Railroad (100' RJW); thence run N 54034'57" W along said Northerly Right-of-Way line for a distance of 293.14 feet to a point on a curve concave Southwesterly having a radius of 1959.19 feet and a chord bearing of N 66056'09" W; thence run Northwesterly along the arc of said curve and said Northerly Right-of-\Vay line through a central angle of 24044'10" for a distance of 845.83 feet to the point of tangency; thence run N 79018'14" W along said Northerly Right-of-Way line for a distance of 162.82 feet to the POINT OF BEGINNING; thence continue N 79018'14" W along said Northerly Right-of-Way line for a distance of 528.44 feet to the point of curvature of a curve concave Southwesterly having a radius of 2612.09 feet; thence run Northwesterly along the arc of . said curve and said Northerly Right-of-Way line through a central angle of 11046'38" for a distance of 536.92 feet to the point of tangency;. thence run S 88055'08" W along said Northerly Right-of-Way line for a distance of 96.48 feet to the Easterly Right-of-Way line of Proposed Vistawilla Drive and a point on a curve concave Southeasterly having a radius of 460.00 feet and a chord bearing of N 44053'28" E; thence run Northeasterly along the arc of said curve and said Easterly Right-of-Way line through a central angle of 69000'18" for a distance of 554.01 feet to the point of reverse curvature of a curve concave Northwesterly having a radius of 790.00 feet and a chord bearing of N 44050'50" E; thence run Northeasterly along the arc of said curve and said Easterly Right-of-Way line through a central angle of69005'33" for a distance of 952.65 to a point of non-tangency; thence le.aving said Easterly Right-of-Way line run S 89032'22" E along a . non-radial line for a distance of 1039.34 feet to the Westerly Right-of-Way line of the Black Hammock Branch of the Seaboard Coastline Railroad; thence run S 06021'38" W along said Westerly Right-of-Way line for.a distance of 525.90 feet to the point of curvature of a curve concave Westerly having a radius of 552.67 feet and a choro bearing of S 12032'48" \V; thence run Southwesterly along the art of said curve and said Westerly Right-of-Way line through a central angle of 12022'20" for a distance of 119.34 feet to a point on a curve concave Northwesterly Page 5 of 11 . TU.'ILLA PARCEL 15/PA~CEL 2 EXHIBIT A CONTINUE tit having a radius of 656.13 feet and a chord bearing of S 51012'30" \V; thence run Southwesterly along the arc of said curve and said Westerly Right-of-Way line through a central angle of 77002'04" for a distance of 882.17 feet to a point on a curve concave Northerly having a radius of 799..85 feet and a chord bearing of N 85021'14" W; thence run Northwesterly along the arc of said curve and said \Vesterly Right-of- Vhy line and along the arc of said curve through a central angle of 12005'5911 for a distance of 168.91 feet to the Point of Intersection of said \\lesterly Right-of-Way line with the Northerly Right-of-\Vay line of said Lake Chann Branch of the Seaboard Coastline Railroad Right-of-Way and the POINT OF BEGINNING. TOGETIIER 'VITII: Commence at the Northeast corner of Section 8, Township 21 South, Range 31 East, Seminole County, Florida; thence run S 00024'55" E along the East line of the Northeast 1/4 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Way line of the Lake Chann Branch of the Seaboard Coast Line Railroad (100' R.{W); thence run N 54034'57" W along said Northerly Right-of-Way line for a distance of 293.14 feet to a point on a curve concave Southwesterly having a radius of 1959.19 feet and a chord bearing of N 66056'09" W; thence run Northwesterly along the arc of said curve and said Northerly Right-of-\'Vay line through a central angle of 24044'10" for a distance of 845.83 feet to the point of tangency; thence run N 79018'14" W along said Northerly Right-of-Way line for a distance of 691.26 feet to the point of curvature of a curve concave Southwesterly having a radius of 2612.09 feet; thence run Northwesterly along the arc of said curve and said Northerly Right-of-Way line through a central angle of 11046'3811 for a distance of 536.92 feet to the point of tangency; thence run S 88055'08" W along said Northerly Right-of-Way .line for a distance of 178.11 feet to the Westerly Right-of-Way line of Proposed Vista willa Drive and the POINT OF BEGINNING; thence run N 10023'19" E along said Westerly Right-of-Way line for a distance of 16.23 feet to the point of curvature of.a curve concave Southeasterly having a radius of 540.00 feet; thence run Northeasterly along the arc of said curve and said Westerly Right-of-Way line through a central angle of 69000'18" for a distance of 650.36 feet to the point of reverse curvature of a curve concave Northwesterly having a radius of 710.00 feet and a chord bearing of N 71054'5511 E; thence run Northeasterly along the arc of said curve. and said Westerly Right-of-Way line through a central angle of 14057'22" fora distance of 185.33 feet; thence leaving said Westerly Right- of-Way line run N 30022'39" W along a non-radial.line for a distance of 356.04 feet; thence run N 89052'39" W for a distance of 3675 feet more Page 6 of 11 . 'rUSALlJo. PhRCEL 15/PARCEL 2 I e EXHIBIT A CONTmUED or less to the centerline of Howell Creek; thence run Southerly along the centerline of Howell Creek for a distance of 1050 feet more or less to the Northerly Right-of-Way line of Lake Chann Branch of the Seaboard Coastline Railroad; thence run N 88055'08" E along said Right-of-Way line for a distance of 3153 feet more or less to the POINT: OF' BEGINNING. '. I I 'P;\('ff> 7 of" 11 ~VSC~Lh PhRCE~ 15/PkRCSL 3 ~ EXHIBIT A CONTINUED DESCRIPTION: That part of the J..1AP OF THE PHILLIP R. YONGE GRANT, as recorded in Plat Book), Pages 35 through 38 of the Public Records of Seminole County, Florida, b~ing describ~d as follows: ":. Commence at the Southeast comer of Section 8, Township 21 South, Range 31 East, Seminole County, Florida, thence run S 00024'55" E along the East line of the Northeast 1/4 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Way line of the Lake Charm Branch of the Seaboard Coast Line Railroad (100' RIW); thence run N 54034'57" W along said Northerly Right-of-Way line for a distance of 293.14 feet to a point on a CUI\'e concave Southwesterly having a radius of 1959.19 feet and a chord bearing of N 66056'09" W; thence run Nonhwesterly along the arc of said CUI\'e and said Northerly Right-of-Way line through a central angle of 24044'10" for a distance of 845.83 feet to the point of tangency; thence run N 79018'14" W along said Northerly Right-of-Way line for a distance of 691.26 feet to the point of curvature of a curve concave Southwe$terly having a radius of 2612.09 feet; thence run Northwesterly along the arc of said curve and said Northerly Right-of-Way line through a central angle of 11 046'38" for a distance of 536.92 feet to the point of . ta,ngency; thence run S 88055'08" W along said Northerly Right-of- Vlay line for a distance of 178.11 feet to the Westerly Right-of- Vlay line of Vistawilla Drive; thence run N 10023'19" E along said Westerly Right-of- Way line for a distance of 16.23 feet to the point of curvature of a curve concave Southeasterly having a radius of 540.00 feet; thence run Northeasterly along the arc of said curve and said Westerly Right-of-Vlay line through a .central angle of 69000'18" for a distance of 650.36 feet to the point of reverse curvature of a curve concave Northwesterly having a radius of 710.00 feet and a chord bearing of N 71054'55" E; thence run Northeasterly along the arc of said curve and said Westerly Right-of-Way line through a central angle of 14057'22" for a distance of .185.33 feet; thence leaving said Westerly Right-of-Way line run N 30022'39" Walong a non-radial line for a distance of 356.04 feet; thence run N 89052'39" W for a distance of 2250.00 feet to the POINT OF BEGINNING; thence run N 00007'21" E for a distance of 100.00 feet; thence run N 47003'59" E for a distance of 292.95 feet; thence run N 00007'21" E for a distance of 190.00 feet; thence run N 89052'39" W for a distance of 311.14 feet; thence run N 00007'21" E for a distance of 210.00 feet to the South Right- of-Way line of State Road No. 434 (60' RAY); thence run N 89052'39"\V along said South Right-of-Way line for a distance of 522.20 feet; thence run S 89032'14" W along said South Right-of-Way line for a distance of 850 feet more or less to the centerline of with Howell Creek; thence run Page 8 of 11 " , , TUSCh~Lh PhRCEL 15/PhRCEL 3 EXHIBIT A CONTINUED .e .' . " Southerly along the centerline of Howell Creek for a distance of 950 feet more or less to a point in said centerline of Howell Creek lying N 89052'39" W a distance of 1425 feet more or less from the POINT OF BEGINNING; thence run S 89052'39" E for a distance of 1425 feet more or less to the POINT OF BEGINNING. .. , Containing 25.2 acres more or less and being subject to any right-of-way, restrictions and easements of record. "', i , , Page 9 of 11 .. . 7UStltIL:.A PJ..RCEL lS/PAACEL ( tit EXHIBIT A CONTINUED DESCRIPTION: - That part of the h1AP OF THE PHILLIP R. YONGE GRANT, as recorded in Plat Book I, Pa2es 35 throueh 38 of the Public Records of Seminole ~ ~ . County, J:=]orida, being described as follows: .. Commence at the SoutJleast corner of Section 8, Township 21 South, Range 31 East, Seminole County, Florida, thence run S 00024'55" E along the East line of the Northeast 114 of said Section 8 for a distance of 205.56 feet to the Northerly Right-of-Via)' line of the Lake Chann Branch of the Seaboard Coast Line Railroad (100' R/W); thence run N 54034'57" W along said Northerly Right-of-Way line for a distance of 293.14 feet to a point on a curve concave Southwesterly having a radius of 1959.19 feet and a chord bearing of N 66056'09" W; thence run Northwesterly along the arc of said curve and said Northerly Right-of-Way line through a central angle of 24044'10" for a distance of 845.83 feet to the point of tangency; thence run N 79018'14" W along said Northerly Right-of-Way line for a distance of 691.26 feet to the point of curvature of a curve concave Southwesterly having a radius of 2612.09 feet; thence run Northwesterly along the arc of said curve and said Northerly Right-of-Way line through a central angle of 11046'38" for a distance of 536.92 feet to the point of tangency; thence run S 88055'08" W along said Northerly Right-of- Vlay . line for a distance of 178.11 feet to the Westerly Right-of-Vlay line of Proposed Vistawilla Drive; thence run N 10023'19" E along said Westerly Right-of-Way line for a distance of 16.23 feet to the point of curvature of a curve concave Southeasterly having a radius of 540.00 feet; thence run Northeasterly along the arc of said curve and said Westerly Right-of-Way line through a central angle of 69000'18" for a distance of 650.36 feet to the point of reverse curvature of a curve concave Northwesterly having a radius of 710.00 feet and a chord bearing of N 71054'55" E; thence run Northeasterly along the arc of said curve and said Westerly Right-of-Way line through a central angle of 14057'22" for a distance of 185.33 feet; thence leaving said Westerly Right-of-Way line run N 30022'39" Walong a non-radial line for a distance of 356.04 feet; thence run N 89052'39" W for a dist~ce of 2250.00 feet; thence run N 00007'21" E for a distance of 100.00 feet; thence run N 4)003'59" E for a distance of 292.95 feet; thence run N 00007'21" E for a distance of 190.00 feet to the POINT OF BEGINNmG; thence continue N 00007'21 II E for a distance of 210.00 feet; thence run N 89052'39" W along the South Right-of-Way line of State Road 434 (60' R/W) for a distance of 311.14 feet; thence run S 00007:21" W for a distance of 21 O.dO feet; thence run S 89052'39" E for a distance of 311.14 feet to the POINT OF BEGINNING. Page 10 of 11 EXHIBIT 1\ CONTINUED Vista~111a Drive and Retention Area . . DESCR1PTlON: That palt of We MAP OF THE PH11.JJP R. YONGE GRANT, as rccoakd in Plat Book 1. P2g~ 35 throug.h 38 of tbe Public Records of SemInole . COUl1ty 30d that palt of Section 5, Township 21 South, Range 31 East, Sern.i.nole COlillty, Florida, described as follows: Commeuce at the Northeast corner of SectIon R, Towmhip 21 Sonlfl, RcllJge 31 E:u;t. Semloole County, Florida, thellce rL111 S 00"14'55" E alocS the Enst line of the Northe..'\St 1/4 of s."\ld Section 8 ror l\ distance of20S.5G feet to the Nortlle.rl)' Righc-of-Wny lioc oCthe I...'\ke Charm Branch of the S~board Coast Line RaIlroad (100' R/VI); thence run N 54034'57" W along saId Nortllerly Right-of-Way lioe [or a distance of2.93.14 (eel to a pOlot 00 a Jloo-tlU1gent curve concave Sou Ihweste rly haviog a radius. of 1959.19 feet and a cbord bearing of N 66056'09" W; thence rwi Northwesterl)' along the llfC of said curve and said Nonherly lUgbt-of-Way lIne through n central angle of 24044'10" for a:dislCltlcc of 845.83 f~ to the potnt of t.'\Dgeney; tl1e.nce IUn N 79018'14" W along said Nort1Jer]x:.R..ithl--of~Way line (or a distance of 691.26 feet to the point of curvature of a curve concave Southw~er1y having 3 radius of261209 feet; t.heuce run Norlhwe..c;terly.along the arc oT,sajd~c Md sajd Northerly Right-of-Way u.n.e through a ceriirnI t\Dgle of 11046'38" for a dlslance of 536.92 feet to the point of tangency; tllence rqn ' : S 88055'08" W along sald Northerly Right-oC-Way line for a distance QC 96.48 feet to the POINT OF BEGINNlNGj thence s:-ontinue S 88055'0'8" .W along said Northerly-RIghr-of-Way line for a dislanceof81.63 rut; thence" nm N 10023'1.9" E (or n dL~~nce of 16,23 feet to the point of curvature of a. . , curve COncave Soulheasterly having a radius of 540,00 feet; the.nce run . Northeaslerly along the arc of saId curve through a ~ntra1 angle of 02037'17" for a distance of 24.71 feet; Ihence run S 88055'08" W aloog a non-radial- line for a distance of 190,00 feet; t11ence mn N 54035'37" W for a: cIL<iI:rnce of 329.61 feet, thence run N 1500935" E for n dislance of 65,02 feet; tlleoce . run S 7700S'06" E for :1 distance of 39004 1. feet; tllence run S 54041 '21 II E for R dis{iUlce of 114.37 feet to a point ou a uOQ..((wseol clIrve concave Southeasterly having a radius of 540.00 f~( and a chord ~ring of N 510:37'16" E; theuce run Northeasterly along the arc of saId c.urve through a central angle of 55~2'41" for a distance of 523.50 fw. to the point of reverse curvature ota cun'e concave Northwesterly having a radius of110.00 (eet; theoce run Northeasterly along arc of ~Id curve througb a ceotral aDgte of78055'58" for 0. distMce of978.12 feet to point; tllence mn N Osvl5'OO" W along:1 non-tangent tiQe for a distance o~ 100.50 feet: thence run N OO~7138" E for II rll~tance of214.99 feet to the pOlOt of curvature of a curve concave Southwesterly having a radius of 25.00 feet; thence run Northwesterly along the arc of said curve through a ceutraI angle of 90000'00" for a distance of 39.27 (eet to ~e point of tMgeoC)'j thtnce run N 89032'22" Waloog a line lying 25.00 feet South of (when measured at _ . right angles) and parallel with the Soulh Righ.t~f.Way line: of Stale Road 434 (60' R/W) for a dis~ce of 395.00 feet ; theu~ run N OO~7'38N E for a dtmnce 0(25.00 feet to s<lid SO,ulh R.ight~C.Way lw...: tJlente rtU\ S 89032'22" E alODg said South Right-o[- Way line for a dlslance oC 949.53 feet; thence nm S 00<>27'38" W for a distance of 25.00 fut; the.oce run N 89032'22" W along a line lying 25.00 feet South of (when measured at right angles) and parallel with said South Right-of- \Vay line of State Road 434 . (for a dlsWlce of 404 _~3 feet to tile poInt of curvature of a culVe conC<lvc SOuWeaslerly hlving a radius of 25.00 fed; tbeoce ro.n Southwesterly along_ ~c of s~id ~e ~u&h a cen~ angle ~f ?9_ooo'OO~' _~~r_a dis~~ of 39.27 Page 11 of 12 -y-- EXHIBIT A CONTINUED . . Continuation of Vistawilla Drive and Retention Area legal feet to tbe point of tangeoc)'i tlJeuce run S OO~7'38" W (or a distance of 214,99 feer. tbtuce nul S 06010'16" W for a distance or 100.50 feel to a point 00 a nori-tao:wt cwvc concave Noctllwt.Sterly having a radius ot 790.00 feet aDd a cbord burIn: of S 39.$5'38" W; theoce N.Q Southwe..\(trl,y alODg the arc of laid curve throu:b J centTaJ angte of 78.S"'8" for a diswcc . ot 1088.33 f<<t to the point of reverse curvatUle of (\ ClUVe concave Soulbe.asltlJy baviog a radius of 469.00 fut: tht.nce 1'\111 Southwesterly aloog trc of ujd curve through a ce..otral angle or 69000'18" for a distance of 554.01 feet tQ the POINt OF 13EOlNNlNG. . . '. Page 12 of 12