HomeMy WebLinkAbout1151 SETTLEM~N'1' STIPULATION
AND
AGREEMENT FOR AND GRANT OF
EASEMENTS AND OTHER RIGHTS
EXHIBIT D
FUTURE DEVELOPMENT PROPERTY
Commencing at the Northwest corner of the Fast 1/2 of the Southeast 1/4 of
Section 27, Township 35 South, Range 40 E:t~t, St. Lucie County, Florida,
run on an assumed bearing of S 89°15~'S6" E along the North line of the said
East 1/2 of the Southeast 1/4, a distance of 130.00 ft. to a point on the Fast
line of a 130 ft. County road and drainage easement; Thence run .S 02°04'47"
West along said East line 1091.41 feet to tl~e point of b~ginninR; thence
run S 89°15'56" E 150.05 feet;. thence N 02°04'47" F. 25.00 ft.; thence S 89°15'56"
East 720.00 ft.; thence N 60°44'04" East 322.95 feet; thence S 33°34'33" Fast
176.00 ft.; thence S 89°15'56" Fast 530.78 feet; thence N 56°25'27" East 242.61
feet; thence S 33°34'33" East 1303.74 feet; ti~ence 5 00°04'00" West 174.81 feet;
thence run N 89°15'56" hest 2741.03 feet t~~ a point on the Fast line of the-130 ft.
County road. and drainage easement; thence run N 02°04'47" East along said East line
1074.15 ft. to the Point of Beginning. Said property lying and being situate in
St. Lucie County, Florida.
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LESS AND EXCEPT that portion of the afore-described real property (the portion x
of the afore-described real property now about to be excluded from the "Future
Development Property" being hereinafter referred to as the "Excluded Property")
which lies in Section 26, Township 35 South, Range~40 East to the East of the
centerline of the following described parcel, to wit:
The East 200.00 feet of the West 1320 feet of the Southwest 1/4 of the
Southwest 1/4 of Section 26, Township 35 South, Range 40 East, said
property lying and being situate in St. Lucie County, Florida.
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t NOTE: High Point Equities, Inc., or its successors or assigns, shall have
the right to designate all or such portions of the Excluded Property
as High Point Equities, Inc., or its successors or assigns, shall
- determine as a part of the "Future Development Property Such a
designation(s) shall take place by an instrument(s) (the "Designation
M Notice(s)") being filed amongst the Public Records of St. Lucie -
County, Florida, designating all or a portion of the Excluded Property
as a part of the "Future Development Property". Such Designation
Notices must be executed by High Point Equities, Inc., or its succes-
sors or assigns and by the then (at the time the Designation Notice in
question is executed and recorded) record title holder of that portion
of the Excluded Property thereby being designated "Future Development
Property At such time as all or any portion of the Excluded Property
is designated "Future Development Property" under a Designation -
Notice filed amongst the Public Records of St. Lucie County, Florida,
such property so designated shall be deemed a part of the "Future
Development Property under the instrument to which this Exhibit is
attached and shall thereafter be subject to the burdens and entitled
to the benefits of the Future Development Property under the said
instrument to which this Exhibit is attached.
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