HomeMy WebLinkAbout1137 S1:'I"1'I.I:MI:N'1' S'I'Il'111.A'1'It)N
AND
AGREEMENT FOR AND GRANT OF
~ EASEMENTS AND OTHER RIGHTS
TtIIS SETTLEMCNT STIPULATION AND AGREEMENT FOR AND GRANT
OF EASEM S AND OT ER RIGHT (the "Agreement") made and entered
into this day of 1978 by and between -HIGH POINT OF
FORT PIERCE CONDOMI UM ASSOCIATION SECTION 1, INC. (hereinafter "1
Association") and HIGH POINT EQUITIES, INC. (hereinafter "Equities").
WITNESSETH:
WHEREAS, the parties hereto are the parties to that certain law suit
being Case No. 78-515 CA in the Circuit Court in and for the Nineteenth
Judicial Circuit in and for t. Lucie County, Florida (the "Law Suit"); and
WHEREAS, 1 Association is a Florida corporation not-for-profit which is
the entity responsible for the operation of High Point of Fort Pierce Condomin-
ium Section 1 (the "Section 1 Condominium") according to the Declaration ~ of
Condominium thereof, recorded in Official Records Book 230 at Page 2203 of
the Public Records _ of St. Lucie County , ~ Florida (the "Section 1 Declaration")
and, therefore, as such, has the powers of such an "association" as set forth
in Chapter 718, Florida Statutes, as amended (the "Act"); and
WHEREAS, "control" of 1 Association has been obtained by "unit owners
other than the developer"~ all as is contemplated by Section 718.111(2) of the
Act; and
WHEREAS, 1 Association desires to enter into this Agreement on behalf
} of itself and on behalf of all "Unit Owners" (as defined in the Act) of the
Section 1 Condominium (the .;'Section 1 Unit Owners") in settlement of the Law
Suit (which Law Suit concerns matters of common interest to all such Unit
Owners in the Section 1 Condominium) ; and
WHEREAS, Equities desires to so enter into this Agreement in settlement
of the Law Suit; and
WHEREAS, Equities is the owner of the real property and easement
rights more particularly described on Exhibit A attached hereto and made a
part hereof (said real property which is owned by Equities and -the said real
~ property which is the subject of said easement rights as are so described on
Exhibit A being hereinafter collectively referred to as the "Entry Way"); the
owner of the real property more particularly described on Exhibit B attached
hereto and made a part hereof (the "North Parcel"); the owner of the parcel
~ more particularly described on Exhibit C attached hereto and made a part
hereof (the "Recreation Area"); and the owner of the real property more
particularly .described on Exhibit D attached hereto and made a part hereof
(the "Future Development Property"); the said Entry Way, Recreation Area
and Future Development Property. being hereinafter sometimes collectively
referred to as the "Total Equities -Property"; and
WHEREAS, the real property more particularly described on Exhibit E
attached hereto and made a part hereof (the "Section 1 Property") was part
of the property submitted to the condominium form of ownership under the
Section 1 Declaration and constitutes part of the "Common Elements" (as
defined in the Act) of the Section 1 Condominium; and
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EXHIBIT A TO FINAL ORDER
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