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MEMORANDUM OF OPTION AGREEMENT
The undersigned, on May 6, 1980, gave GREENBRIAR REALTY
#l, INC., an Option to purchase the following described lands
in St. Lucie County, Florida:
Commencing at the intersection of the westerly
right-of-way of U.S. Highway No. 1, as it now
exists, and the north right-of-way line of
Port St. Lucie Boulevard, as it now exists,
thence N 27°53'31" W a?c~ng the said westerly
right-of-way line of U.S. Highway No. 1, 262.93
feet to the Point of Beginning of the following
described parcel of land. Thence N 27°53'31" W
along the said westerly right-of-way of U.S.
Highway No. 1, 187.96 feet; go thence S 58°22'54" W
354.81 feet; thence S 19°30'40" E, 225.0 feet;
thence S 89°56'45" E along the said north right-
of-way line of Port St. Lucie Boulevard, 175.0 feet;
thence N 00°03'11" E, 158.15 feet; thence N 62°06'29" E,
158.15 feet to the Point-of-Beginning. AlI of said
land containing 1.94 acres (84,660.90 square feet),
more or less, lying and situate in Section 12, Town-
ship 37 South, Range 40 East, St.-Lucie County,
Florida.
Said Option shall-expire at 2:00 p.m. on May 6, 1981
but may be extended for an additional period of ninety (90)
days upon payment of additional option money as provided in
the Option Agreement. The Option further provides that the
closing of the transaction shall be held on the 60th day after
exercise of the Option.
IN WITNESS WHEREOF, the undersigned have caused this
Memorandum to be executed by its appropriate officer and sealed
with the official seal of the corporation on this ~ ~ ~ day of
May, 1980.
GENERAL DEVELOPMENT COR~'tp~i~ t•
Witnesses : ~ ` ~~~,,~s~;_-.
..~([~/~~Y~ Eric A.f~{Tjraub .:o i :r-
President _
~ -
(corporate seal) '
- ~
Fort Pi?.;::~ E:~x:~a pp~~il~~R, P11C~
N[IL~ ORI/rIM J[IfRI[~! _ llOrD D4{N1
C HI1wrEREO f
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