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HomeMy WebLinkAboutRiverland/Kennedy, LLC - Settlement Agreement Including Impact Fee Credit Agreement - 08EDWIN M. FRY, Jr., CLERK OF THE CIRCUIT COURT - SAINT LUCIE COUNTY FILE # 3173427 OR BOOK 2942 PAGE 911, Recorded 02/27/2008 at 08:49 AM -L C08-02-660 SETTLEMENT AGREEMENT INCLUDING IMPACT FEE CREDIT AGREEMENT THIS Settlement Agreement Including Impact Fee Credit Agreement ("Agreement") is made and entered into as of this JVh day of,- i� ce. _ 2008, by and between ST. LUCIE COUNTY, FLORIDA, a political subdivision the State of Florida, hereinafter referred to as "County" and Riverland/Kennedy, LLP, its successors and assigns. WITNESSETH: WHEREAS, Riverland/Kennedy, LLP (hereinafter referred to as the "Development Entity") is the original developer of the following approved Development of Regional Impact, as may be amended from time to time: Riverland/Kennedy (hereinafter the "Community"), which Community encompasses that land legally described on Exhibit "A" hereto; and WHEREAS, as part of the Community, the Development Entity (directly or through community development districts and/or special assessment districts) has constructed or caused to be constructed roads, funded or caused to be funded the construction of roads (via payments to the State of Florida and/or other appropriate governmental agencies), dedicated or caused to be dedicated rights -of -way to appropriate government agencies, and will be building or cause to be built additional public roads, will be funding or cause to be funded additional public roads, as detailed on Exhibits " B- 1" and "13-2" hereto (hereinafter the "Road Improvements"); and has dedicated or will be dedicating or cause to be dedicated certain lands for parks as detailed on Exhibit "C" hereto (hereinafter the 'Park Improvements"); and WHEREAS, as part of the Community, the Development Entity (directly or through community development districts and/or special assessment districts) has constructed or caused to be constructed or will construct numerous roads which will operate as arterials or major collectors. These improvements will substantially enhance the transportation networks of the City of Port St. Lucie and St. Lucie County, as depicted on Exhibit "D" hereto. Such improvements are unique in that they represent a substantial enhancement of the network by adding to the transportation grid rather than merely adding capacity to existing roadways; and WHEREAS, the County has adopted its Roads Impact Fee Ordinance codified beginning at Section 1-17-25 as amended ("Roads Impact Fees"), and its Parks Impact Fee Ordinance codified beginning at Section 1-15-31 as amended ("Parks Impact Fees"), of the Code of Ordinances, County of St. Lucie, Florida (collectively, the "Impact Fee Ordinances"), and said Ordinances provide for impact fee credits for, inter alia, the construction, funding or dedication of certain public infrastructure; and WHEREAS, the County has adopted Ordinance No. 06-47, which allows the County to grant road impact fee credits for road improvements that benefit the impacted transportation system in the County; and OR BOOK 2942 PAGE 912 s WHEREAS, the County has determined that the Road Improvements and Park Improvements, as and when provided, are eligible for impact fee credits under the respective Impact Fee Ordinances; and the County has analyzed the Western Annexation Traffic Study and employed traffic engineers, and concluded that the internal roadway network for the Western Annexation Area will have 31% excess capacity compared to the traffic impacts of the entities constructing said internal road network, including the Community; WHEREAS, the County and the Development Entity have agreed to enter into this Agreement, to memorialize the determination of credits which shall be applied as necessary to satisfy County impact fees for the dedication of land and/or construction (including payments to a governmental authority performing construction) of roads and parks, as detailed on Exhibits "B-1", `B-2", and "C" respectively, and the County acknowledges and agrees that the Development Entity should receive impact fee credits for said projects under the applicable impact fee ordinances; and WHEREAS, this Agreement resolves the issues related to the objections that the Development Entity has or may have had as to the primary validation action instituted by the County; and a separate agreement shall be entered withdrawing any objection to the validation, with each party bearing its own fees and costs, and with said agreement providing that if all or any portion of this Agreement is later determined to be void or invalid by a court of law (and the County agrees that it will not file such an action, nor solicit or encourage any third party to file such an action, nor assist in the filing or prosecution of such an action, and the County agrees that it will actively oppose and defend against any lawsuit seeking such a determination), that the Development Entity shall have the option of challenging the County's Impact Fee Ordinances, except as to the County's ability to collect impact fees from the Development Entity within the Community and within the boundaries of the City of Port St. Lucie, notwithstanding the purported existence of a conflict between the Impact Fee Ordinances of the County and the ordinances of the City of Port St. Lucie; NOW, THEREFORE, in consideration of the mutual covenants entered into between the parties hereto, to be made and performed, and in consideration of the benefits to accrue to each of the parties, it is agreed as follows: Section 1. incorporation by Reference. The above recitals are true and correct and are made a part of this Agreement by reference. Section 2. Amount of Credit. A. The County agrees to grant Roads Impact Fee credits to the Development Entity in the amount of S13,742,500.00 for the payments made ($22,500,000.00) for the Road Improvements constructed or to be constructed as set forth on Exhibit " B-1" hereto, which amount is based upon 71.3 % of the cost to construct such improvements, except 48.3% as to the cost of the future interchange between Becker Road and Gatlin. The County further agrees that the Development Entity will be granted a Roads Impact Fee OR BOOK 2942 PAGE 913 credit in the amount of 31% of the cost of those projects listed on Exhibit `B-2" hereto per road link shown on Exhibit B-2 or any portion thereof, upon completion of the construction by the Development Entity or by any community development district or special assessment district which encompasses all or any portion of the Community or upon funding the construction through payments to the appropriate governmental agency, or donation of the right-of-way, as applicable (determined on a road segment by road segment basis as portions of such projects are developed) which amount is to be based upon the allocated cost of the Development Entity's agreed upon share of the cost to construct such improvements or dedicate road right-of-way, and 31% (representing the portion of the right-of-way deemed to be non -site related) of the value of the right-of-way listed on Exhibit B-2 hereto (to the extent said right-of-way is located within the property described on Exhibit A), as said value is determined as set forth herein. The amount of the credit to be received for non -site related right-of-way dedication relative to the projects listed on Exhibit B-2 is to be credited at the time of said dedication, with the amount of said credit being determined by either 120% of the most recent assessed value of the St. Lucie County Property Appraiser of such land immediately prior to such dedication (without regard to any homestead or agricultural exemption), or at the Development Entity's option and consistent with the provisions of the Impact Fee Ordinances, the appraised value of such property. The determination of cost of the Road Improvements for the credit due for the construction of Road Improvements shall be based upon the actual engineering and construction costs incurred to construct each such segment of the Road Improvements. The Development Entity shall be responsible for the submittal of the necessary documentation to establish the extent of credit due. i. If the developers of the Southern Grove, Western Grove and/or the Wilson Groves Developments of Regional Impact enter into an agreement with Development Entity to share the costs of one or more of the road segments listed on Exhibit `B-2" hereto, then the impact fee credit to be granted by the County will be allocated between the entities which have agreed to share in the costs based upon the respective percentages of the cost borne or otherwise funded by said entities (directly or through community development districts and/or special assessment districts). However, no credit shall be granted to the Southern Grove, Western Grove and/or the Wilson Groves Developments of Regional Impact unless those entities have entered into an agreement with the County for the provision of the improvements and the award of credits. By way of example, if road project A is listed on Exhibit "B-2" hereof (and thus impact fee credits would be 31 % of the cost thereof}, and 75% of the cost of that road project A is to be paid by Development Entity and 25% of the cost of that road project A is to be paid by the developers of the Southern Grove, Western Grove and/or the Wilson Groves Developments of Regional Impact, then Development Entity's share of the cost to construct such improvements is 75% of the cost of that road project A, and the impact fee credit to which Development Entity is entitled is 75% of the 31% of the costs of road project A (upon execution of an agreement with the County, the other aforementioned developers shall be entitled to impact fee credit of the other 25% of the 31 % of the costs of road project A.) if an agreement is reached between Development Entity and the Southern Grove, Western Grove and/or the Wilson Groves Developments of Regional Impact setting forth the final apportionment of the road costs among said developers, OR BOOK 2942 PAGE 914 Development Entity will provide said agreement to the County. If the cost of a road segment listed on Exhibit "B-2" is not shared between Development Entity and the Southern Grove, Western Grove and/or the Wilson Groves Developments of Regional Impact, then Development Entity shall receive the impact fee credit attributable to the road segment that it paid for or otherwise funded (directly or through community development districts and/or special assessment districts). B. The County agrees to grant a Parks Impact Fee credit to Development Entity for the conveyance of land and related improvements for the 100 acre park set forth on Exhibit "C" hereto (which conveyance by Development Entity shall amount to 50 acres of the 100 acre park), to be credited at the time of said conveyance to the City, with the amount of said credit being determined by either 120% of the most recent assessed value of the St. Lucie County Property Appraiser of such land immediately prior to such conveyance, or at the Development Entity's option and consistent with the provisions of the Impact Fee Ordinances, the appraised value of such property. The credit due for actual improvements, if any, shall be in accordance with the provisions of the County's Parks Impact Fee Ordinance. Development Entity shall be responsible for the submittal of the necessary documentation to establish the extent of credit due. This provision shall not preclude Development Entity from seeking impact fee credits from the County for other public parks not referenced on Exhibit "C" under applicable County regulations. C. The listing of a project or land dedication on any of the exhibits hereto does not require the Development Entity to undertake said project or dedicate said property; further, if projects or properties listed on the exhibits hereto are completed or dedicated, but due to the Development Entity either having already satisfied the applicable impact fees, or the Development Entity electing to not seek impact fee credits for said project or property dedications, Development Entity is not prohibited from seeking impact fee credits from other governmental entities relative to said projects or properties. The schedule of projects listed on the exhibits hereto does not prohibit the Development Entity from constructing or funding other projects, or dedicating or conveying other lands, for which the Development Entity may seek impact fee credits under the applicable County regulations. Section 3. Limitation of Credit. The credits established by this Agreement ("Credits") are available solely to Roads Impact Fees and Parks Impact Fees of the County due from development on the properties described in Exhibit "A." Such Credits shall not be transferable to any other property in the County, except as provided in Section 4 of this Agreement. The Credits contemplated by this Agreement may only be applied against the categories of impact fees at issue, and shall not be transferable as a credit against other impact fees (i.e. excess roads impact fee credits may not be applied to parks impact fees). The Credits may be assigned by the Development Entity to any such other parties, as the Development Entity may determine, for credit against Impact Fees due under the respective Impact Fee OR BOOK 2942 PAGE 915 Ordinances imposed with respect to lands within the Community (and included within the properties described in Exhibit "A"). Section 4. Assignability of Credit. Any and all impact fee credits to which Development Entity is entitled may be freely assigned to any successors in title and interest to Development Entity, including any persons or entities that have previously purchased property from Development Entity within the Community and as described in Exhibit "A" ("Assignment") and further in the event that any of the improvements giving rise to such impact fee credits were, or in the future are, financed by a community development district or special assessment district either directly or through acquisition from Development Entity, said impact fee credits shall be granted by County directly to such community development district or special assessment district which geographic boundaries are within the area described in Exhibit "A" per written direction from Development Entity ("Direction"). If a community development district or special assessment district receives such a credit per this Agreement, then said community development district or special assessment district is, in turn, also entitled to freely assign said impact fee credits to any persons or entities which own property within the area described in Exhibit "A" hereto. Any Assignment or Direction is restricted to satisfy impact fees attributable to property physically located within the Community and as described in Exhibit "A." Such Assignment or Direction shall be by recordable written instrument. To the extent that any purchasers from the Development Entity have already paid the impact fees attributable to the purchaser's property and Development Entity has indemnified or otherwise agreed to reimburse said entities for the payment of any impact fees, the County shall refund the impact fees, with the party receiving the refund as determined by the Development Entity to either the Development Entity or the party that originally paid the impact fees. If the Development Entity has paid any impact fees relative to the Community, and thereafter becomes entitled to impact fee credit(s) pursuant to this Agreement, the County will reimburse to the Development Entity the impact fees paid (with said reimbursement being limited to the amount of the impact fee credit(s)). Before the Assignment or Direction referenced herein is effective, a copy of the Assignment or Direction shall be provided by the Development Entity to the County at the address set forth below: County Administrator County Attorney 2300 Virginia Avenue 2300 Virginia Avenue Fort Pierce, FL 34982 Fort Pierce, FL 34982 Section 5. Midway Road and Raneeline Road As further consideration for this Agreement, Development Entity agrees to pay to the County $998,678.00 ("Road Contribution) which represents Development Entity's estimated proportionate share (as determined by the County) for the County's planned OR BOOK 2942 PAGE 916 improvements to Midway Road and Rangeline Road. Notwithstanding that Development Entity is entitled to the Roads Impact Fee Credits set forth in Section 2 of this Agreement, Development Entity agrees to pay road impact fees for each building permit applied for by Development Entity until it has applied for a sufficient number of building permits that the road impact fees paid by Development Entity equal the amount of the Road Contribution. Once Development Entity has paid road impact fees that equal the amount of the Road Contribution, Development Entity's obligation to pay the Road Contribution set forth in this Section 5 shall be satisfied and Development Entity shall be entitled to receive the Roads Impact Fee Credits set forth in Section 2. Section 6. Recordability of Agreement. This Agreement shall be recorded by the County in the public records of St. Lucie County. Section 7, Requirement for Annual Reports. In consideration of the issuance of the Impact Fee Credits provided for herein, the Development Entity agrees to provide the County a detailed written report on the use of the credit approved through this Agreement. The first of these reports for the year ending December 31, 2008 shall be due on January 31, 2009, and shall then be due by the 31st day of January ending each subsequent year. These reports shall be sent to the addresses set forth below: County Administrator County Attorney 2300 Virginia Avenue 2300 Virginia Avenue Fort Pierce, FL 34982 Fort Pierce, FL 34982 [Signatures continued on following page] IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. Signed, sealed and delivered in the presence of: 6 -►ARD OF COUNTY. LUCIE C ,- RIDA it s OR BOOK 2942 PAGE 917 APPROVED AS TO FORM AND COPJMCTNESS. 6 County Attorney [Signatures continued on following page] RIVERLANDIKENNEDY, LLP, a Florida limited liability partnership By: TO NNNE Y GROVES, L a Flo limited liability G By: John CarterAICP , Vice President By: ST. LUCIE ASSOCIATES IV, LLLP, a Florida limited liability limited partnership By: ST. LUCIE IV CORPO ON, a Florida corpor Lion ' s gene rart r . _....._ By: Larry Portno , Vice President lu OR BOOK 2942 PAGE 918 EXHIBIT "A" LEGAL DESCRIPTION The following is a legal description of the River] and/Kennedy development site. TRACT 1 Being a parcel of land lying in Sections 18 and 19, Township 37 South, Range 39 East, St. Lucie County, Florida, and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964, and revised January 1965; thence along said East right-of-way line North 00'08'30" East a distance of 5,299.86 feet to the point of beginning; thence North 00'00'21" East along said East right-of-way a distance of 1,672.32 feet; thence South 89'50'39" East along a line that is parallel to and 23 feet Southerly of as measured at right angles of the North line of those lands described in ,Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 5,203.43 feet; thence South 00'04'29" West a distance of 2,985.64 feet; thence North 89'48'47" West a distance of 1,403.45 feet; thence North 00'10'23" East a distance of 1,316,04 feet; thence North 89'53'48" West a distance of 3,800.22 feet to the point of beginning. Being a parcel of land lying in Section 16 and 17, Township 37 South, Range 39 East, St. Lucie County, Florida and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609, as shown on the Florida Department of Transportation right-of-way map dated 11/5/64 and revised January, 1965; thence along said East right-of-way line North 00'08'30" East a distance of 5299.86 feet; thence continue along said East right-of-way line North 00'0'21" East, a distance of 1695.32 feet; thence South 89'50'39" East along North line of those lands described in Official Record Book 477, Page 560; Public Records, St. Lucie County, Florida, a distance of 10415.79 feet; thence South 00'26'45" West, a distance of 23.00 feet to the Point of Beginning; thence South 89'50'39" East, along a line parallel with and 23.00 feet Southerly of, as measured at right angles, said North line, a distance of 325.77 feet; thence South 00'09'36" West, a distance of 346.66 feet; thence North 89'34'48" West, a distance of 327.49 feet; thence North 00'26'45" East, a distance of 345.16 feet, to the Point of Beginning. 5-1 OR BOOK 2942 PAGE 919 TRACT 3 Being a parcel of land lying in Sections 15, 16, 21 and 22, Township 37 South, Range 39 East, St. Lucie County, Florida and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965; thence along said East right-of-way line North 00*08'30" East, a distance of 5,299.86 feet; thence continue along said East right-of-way line North 00'0'21" East a distance of 1,695.32 feet; thence South 89'50'39" East along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 13,054.71 feet; thence South 00'08'07" West a distance of 23.00 feet, to the point of beginning; thence South 89'50'39" East along a line parallel with and 23.00 feet Southerly of said North line a distance of 2,786.05 feet; thence South 00'03'59" West a distance of 2,981.70 feet; thence North 89'52' 17" West a distance of 2,789.64 feet; thence North 00'08'07" East a distance of 2,983.03 feet to the point of beginning. TRACT 4 Being a parcel of land lying in Sections 19, 20, 21, 22, Township 37 South, Range 39 East, St. Lucie County, Florida, and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965; thence along said East right-of-way line North 00'08'30" East, a distance of 5,299.86 feet; thence continue along said East right-of-way line North 00'0'21" East, a distance of 1,695.32 feet; thence South 89'50'39" East along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 15,942.73 feet to the Northeast corner of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida; thence South 00'05'34" West, along the East line of those lands described in said Official Records Book 557, Page 676, a distance of 4,326.38 feet; thence North 89'49'45" West, a distance of 100.00 feet, to the point of beginning; thence South 00'03'59" West, a distance of 2,663.35 feet; thence North 89'51'58" West, a distance of 1,216.64 feet; thence North 46°07'25" West, a distance of 348.56 feet; thence North 89'51'58" West, a distance of 323.58 feet; thence South 45'44'22" West, a distance of 344.49 feet; thence North 89'51'58" West, a distance of 809.89 feet; thence North 89°49'36" West, a distance of 2,513.26 feet to the Southwest corner of said Section 21 and the Northeast corner of Alan Wilson Grove as recorded in Plat Book 12, Page 50, Public Records of St. Lucie County, Florida; thence North 89`51'07" West, along the South line of those lands described in said Official Records Book 477, Page 560, a distance of 2,644.43 feet; 5-2 OR BOOK 2942 PAGE 920 thence North 89'53'37" West along said South line, a distance of 2,643.99 feet; thence North 89'45'07' West, along said South line, a distance of 496.49 feet; thence North 00°04'55" East, a distance of 1,362.59 feet; thence South 89'46'09" East, a distance of 3,175.72 feet; thence North 00'10'32" East, a distance of 1,309.15 feet; thence South 89`49'45" East, a distance of 7,967.68 feet to the point of beginning. TRACT 5 Being a parcel of land lying in Section 28, Township 37 South, Range 39 East, St. Lucie County, Florida, being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right -of --way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965; thence along said East right-of-way line, North 00'08'30' East, a distance of 5,299.86 feet; thence continue along said East right-of-way line North 00°0'21" East, a distance of 1,695.32 feet; thence South 89'50'39" East, along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 15,942.73 feet; thence South 00'5'34" West along the East line of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida, a distance of 7,589.65 feet; thence South 89'59'09" West, a distance of 98.50 feet to the point of beginning; thence South 00'03'59" West, a distance of 2,001.74 feet; thence North 89'51'37" West a distance of 2,600.04 feet; thence North 00°05'22" East, a distance of 1,994.75 feet-, thence North 89`59`09" East, a distance of 2,599.23 feet to the point of beginning. TRACT 6 Being a parcel of land lying in Section 33, Township 37 South, Range 39 East, St. Lucie County, Florida, and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965; thence, along said East right-of-way line, North 00'08'30" East, a distance of 5,299.86 feet; thence continue along said East right-of-way line North 00'0'21" East, a distance of 1,695,32 feet-, thence South 89'50'39' East, along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 15,942.73 feet, thence South 00'05'34" West, along the East line of those lands described in Official Records Book 477, Page 576, Public Records of St. Lucie County, Florida, a distance of 13,516.19 feet; thence North 89'47'44" West, a distance of 95.77 feet to the point of beginning, thence South 00'03'59 West, a distance of 2,637.63 feet; thence North 89'48'22" West, a distance of 2,616.79 feet; thence North 00'15'31" West, a distance of 669.74 feet; 5-3 OR BOOK 2942 PAGE 921 thence North 78`38'37" West, a distance of 82.27 feet; thence North 00' 16'40" West, a distance of 632.00 feet; thence South 89'50'28" East, a distance of 147.25 feet; thence North 00°29'50" West, a distance of 1,320.48 feet; thence South 89'47'44" East, a distance of 2,570.80 feet to the point of beginning. TRACT 7 Being a parcel of land lying in Sections 15, 16, 17, 18, 19, 21, 22, 27, 28, 33 and 34, Township 37 South, Range 39 East, St. Lucie County, Florida and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map, dated November 5, 1964 and revised January 1965; thence, along said East right-of-way line, North 00'08'30" East, a distance of 5299.86 feet; thence continue North along said East right-of-way line, North 00'00'21" East, a distance of 1672.32 feet, to the Point of Beginning; thence continue North 00'00'21" East, a distance of 23.00 feet, to the Northwest corner of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida; thence South 89`50'39" East, along the Northerly line, of said described lands, a distance of 15,942.73 feet, to the Northeast corner of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida; thence South 00'05'34" West, along the East line of those lands described in said Official Records Book 557, Page 676, a distance of 17,341.95 feet, to the North right-of- way line of the South Florida Water Management District Canal C-23; thence North 89'54'26" West, along the North line, of said C-23 canal, a distance of 94.00 feet; thence North 00°03'59" East, a distance of 17,319.06 feet; thence North 89'50'39" West on a line parallel with and 23.00 feet Southerly of, as measured at right angles, to the North line of those lands described in said Official Records Book 477, Page 560, a distance of 15,840.71 feet to the Point of Beginning. TRACT 8 Being a parcel of land lying in Sections 16, 17, 19, 20 and 21, Township 37 South, Range 39 East, St. Lucie County, Florida, and being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609, as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965, said point being the Point of Beginning; thence along said East right-of-way line, North 00'08'30" East, a distance of 5299,86 feet; thence South 89'53'48" East, a distance of 3800.22 feet; thence South 00' 10'23" West, a distance of 1316.04 feet; thence South 89'48'47" East, a distance of 1403.45 feet-, thence North 00"04'29" East, a distance of 2985.64 feet, thence 5-4 OR BOOK 2942 PAGE 922 South 89'50'39" East, along a line that is parallel with and 23 feet Southerly of, as measured at right angles, to the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 5212.19 feet: thence South 00'26'45" West, a distance 345.16 feet; thence South 89'34'48" East, a distance of 327.49 feet; thence North 00'09'36" East, a distance of 346.66 feet; thence South 89'50'39" East, along the aforesaid parallel line, a distance of 2313.27 feet; thence South 00'08'07" West, a distance of 2983.03 feet; thence South 89'52'17" East, a distance of 2789.64 feet; thence South 00'03'59" West, a distance of 1321.65 feet-. thence North 89'49'45" West, a distance of 7967.68 feet; thence South 00'10'32" West, a distance of 1309.15 feet; thence North 89'46'09" West, a distance of 3175.72 feet; thence South 00'04'55" West, a distance of 1362.59 feet to the South line of Section 19 and the South line of those lands described in the aforesaid Official Records Book 477, Page 560; thence North 89'45'07" West, along the aforesaid South line of Section 19, a distance of 2125.58 feet, to the South quarter corner, of said Section 19; thence North 89'59'37" West, along the said South line of said Section 19, a distance of 2574.08 feet to the Point of Beginning. TRACT 9 Being a parcel of land lying in Sections 28 and 33, Township 37 South, Range 39 East, St. Lucie County, Florida, and being more particularly described as follows: Commence at the intersection, of the North line of Section 30, Township 37 South, Range 39 East, and the East right-of-way line of State Road 609, as shown on the Florida Department of Transportation right-of-way map, dated November 5, 1964 and revised January 1965, thence along said East right-of-way line North 00°08'30" East, a distance of 5299.86 feet; thence continue North along said right-of-way North 00'0'21" East, a distance of 1695,32 feet, thence South 89'50'39" East, along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 15,942.73 feet, to the Northeast corner, of those lands described in Official Records Book 577, Page 676, Public records of St. Lucie County, Florida; thence South 00'05'34" West, along the East line of those lands described in said Official Records Book 557, Page 676, a distance of 9591.65 feet, thence North 89'51'37" West, a distance of 97.58 feet, to the point of beginning; thence South 00'03'59" West, a distance of 3924.43 feet; thence North 89'47'44" West, a distance of 2570.80 feet: thence South 00'29'50" East, a distance of 1320.48 feet; thence North 89'50'28" West, a distance of 147.25 feet; thence South 00'16'40" East, a distance of 632.00 feet; thence South 78'38'37" East, a distance of 82.27 feet; thence South 00' 15'31 " East, a distance of 669.74 feet; thence South 89'48'22" East, a distance 2616.79 feet; thence South 00'03'59" West, a distance of 1188.32 feet, to the North right-of-way line, of the South Florida Water Management District Canal C-23; thence North 89'54'26" West, along said North right-of-way line, a distance of 2482.99 feet; thence North 00'21'02" East, a distance of 1158.72 feet; thence North 89'45'28" West, a distance of 2797.52 feet, to a point on the West line of said Section 33. Said line also being the East line of the Allan Wilson Grove, as 5-5 OR BOOK 2942 PAGE 923 recorded in Plat Book 12, Page 50, Public Records of St. Lucie County, Florida; thence North 00'28'07` West, along said West line of Section 33, a distance of 3988,85 feet, to the Northwest corner of said Section 33, thence North 00'28'37" West, along the West line of Section 28, a distance of 5203.53 feet, to the Northwest corner of said Section 28; thence South 89'49'36" East, a distance of 2513.26 feet; thence South 00'04'40" East, a distance of 607.61 feet; thence North 89°59'09" East, a distance of 247.31 feet; thence South 00'05'22" West, a distance of 1994.75 feet; thence South 89'51'37" East, a distance of 2600.04 feet to the Point of Beginning. TRACT 10 Being a parcel of land lying in Section 28, Township 37 South, Range 39 East, St. Lucie County, Florida and being more particularly described as follows: Commence at the intersection, of the North line of Section 30, Township 37 South, Range 38 East and the East right-of-way line of Stare Road 609, as shown on the Florida Department of Transportation right-of-way map, dated November 5, 1964 and revised January 1965, thence along said East right-of-way line, North 00°08'30" East, a distance of 5299,86 feet; thence continuing North along said East right-of-way North 00'0'21" East, a distance of 1695.32 feet, thence South 89°50'39" East, along the North line of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida, a distance of 15,942.73 feet, to the Northeast corner of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida; thence South 00`05'34" West, along said East line, of said lands, a distance of 6989.66 feet; thence North 89`51'58" West, a distance of 98.78 feet, to the Point of Beginning; thence South 00'03'59" West, a distance of 600.24 feet; thence South 89'59'09" West, a distance of 2846.55 feet; thence North 00"04'40" West, a distance of 607.61 feet thence South 89°51'58" East, a distance of 809.89 feet; thence North 45'44'22" East, a distance of 344.49 feet; thence South 89'51'58" East, a distance of 323.58 feet; thence South 46°07'25" East, a distance of 348.56 feet; thence South 89"51'58" East, a distance of 1216,64 feet to the Point of Beginning. TRACT 11 Being a parcel of lands lying in Section 33, Township 37 South, Range 39 East, St. Lucie County, Florida, being more particularly described as follows: Commence at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609, as shown on the Florida Department of Transportation right-of-way map dated November 5, 1964 and revised January 1965; thence, along said East right-of-way line, North 00'08'30" East, a distance of 5299.86 feet; thence North 00°0'21" East, continuing along said East right-of-way line, a distance of 1695.32 feet, to the Northwest corner of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida; thence South 89'50'39" East, along the North 5-6 OR BOOK 2942 PAGE 924 line of those lands described in said Official Records Book 477, Page 560, a distance of 15,942.73 feet to the Northeast corner of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida; thence South 00°05'34" West, along those lands described in said Official Records Book 557, Page 676, a distance of 17,341.95 feet, to the North line of the South Florida Water Management District Canal C-23; thence North 89°54'26" West, along said North line of C-23 canal, a distance of 2576.99 feet, to the Point of Beginning; thence continue North 89"54'26" West, along said North right-of-way line, a distance of 2780.87 feet to the West line of said Section 33 and the East line of the Allan Wilson Grove, as recorded in Plat Book 12, Page 50, Public Records of St. Lucie County, Florida; thence North 00°28'07" West, along said West line of Section 33, a distance of 1166.06 feet; thence South 89`45'28" East, a distance of 2797.52 feet; thence South 00°21'02" West, a distance of 1158.72 feet, to the Point of Beginning. OVERALL TRACTS The following is a sum total of the legal descriptions of the individual tracts listed above: Being a parcel of land lying in Sections 15, 16, 17, 18, 19, 20, 21, 22, 27, 28, 33 and 34, Township 37 South, Range 39 East, St. Lucie County, Florida and being more particularly described as follows: Begin at the intersection of the North line of Section 30, Township 37 South, Range 39 East and the East right-of-way line of State Road 609 as shown on the Florida Department of Transportation right-of-way map, dated November 5, 1964 and revised January 1965, thence, along said East right-of-way line, North 00°07'39" East, a distance of 2649.52 feet-, thence continue North along said East right-of-way line, through the following 2 courses, North 00°09'04" East, a distance of 2650.14 feet; thence North 00°00'42" West, a distance of 1695.52 feet, to the Northwest corner of those lands described in Official Records Book 477, Page 560, Public Records of St. Lucie County, Florida; thence South 89°51'42" East, along the Northerly line, of said described lands, a distance of 15,942.73 feet, to the Northeast corner of those lands described in Official Records Book 557, Page 676, Public Records of St. Lucie County, Florida; thence South 00°04'31" West, along the East line of those lands described in said Official Records Book 557, Page 676, a distance of 17,342.11 feet, to the North right-of-way line, of the South Florida Water Management District Canal C-23; thence North 89°55'29" West, along the North line of said C-23 canal, a distance of 5361.56 feet; to the West line of said Section 33 and the East line of the Allan Wilson Grove, as recorded in Plat Book 12, Page 50, Public Records of St. Lucie County, Florida; thence North 00°28'18" West, along said West line of said Section 33, a distance of 5151.78 feet, to the Northwest corner of said Section 33; thence North 00°28'58" West, along the West line of said Section 28, a distance of 5203.80 feet, to the Northwest corner of said Section 28 and the Northeast corner of said Alan Wilson Grove; thence North 89°51'13" West, along the South line of said Section 20, a distance of 2644.45 feet to the South quarter corner, of Section 20; thence 5-7 OR BOOK 2942 PAGE 925 continue North 89°53'42" West, along the South line of said Section 20, a distance of 2644.09 feet to the Southeast corner, of said Section 19; thence North 89'45'15" West, along the South line of said Section 19, a distance of 2622.20 feet, to the South quarter corner of said Section 19; thence continue North 89°59'37" West, along the South line of said Section 19, a distance of 2573.92 feet to the East right of way line of Range Line Road (State Road 609) and the Point of Beginning. 5-8 OR BOOK 2942 PAGE 926 Exhibit B-1 Roadway Improvements - Funded Riverland/Kennedy DRI Future Interchange At 1-95 and ENV 3 Becker Road I-95 Florida Turnpike U-PA 4 U-PA = Urban Primary Arterial U-COLL = Urban Collector NOTE: $22,500,000 have been funded to date for the above improvements Exhibit B-2 Shared Roadways Within DRIs Western Study Area Functional # Lanes Roadway From To Classification Becker Road - N/S AB 1-95 U-PA 6 Becker Road - Range Linene Road N!S AB U-PA -- -- 4 Community Blvd Becker Road Tradition Pkwy (Gatlin) U-PA 4 E/W 1 N/S B Village Pkwy U-PA 4 ENV 1 Range Line Road N/S B U-PA 2 E/W 2 N/S A Village Pkwy U-COLL 2 ENV 3 Village Pkwy 1-95 western right-of-way U-PA 6 ENV 3 N/S A Village Pkwy U-PA 4 ENV 3 Range Line Road N/S A U-PA 2 N/S A Becker Road Crosstown Pkwy U-PA 4 N/S B Becker Road Paar Drive U-COLL 2 N/S B Paar Drive E/W 1 U-PA 4 Paar Drive ;Village Pkwy 1-95 western right-of-way U-PA 6 Paar Drive i N/S A Village Pkwy U-PA 4 Paar Drive Range Line Road N/S A U-PA 2 Tradition Pkwy (Gatlin) Range Line Rd N/S A U PA 4 _ Village Parkway Becker Road ENV 1 U PA 6 Village Parkway ENV 1 Tradition Pkwy (Gatlin) U PA — 8 Future Interchange At 1-95 and ENV 3 U-PA = Urban Primary Arterial U-COLL = Urban Collector NOTE: The road improvements noted in this table will be paid for by the 4 DRIs (Riverland/ Kennedy, Southern Grove, Western Grove & Wilson Grove) based on their proportionate impacts which will be determined by methodology analysis agreed to by the developers. NOTE: Approx. 248 Acres of ROW will be dedicated by Riverland/Kennedy for above Roadways. Park Improvements Riverland/Kennedy DRI Net Usable Acres Park (112 of 100 acre park) 50 OR BOOK 2942 PAGE 927 OR BOOK 2942 PAGE 928 Q 0 W Z W is Z OR BOOK 2942 PAGE 929 055100A GR OR BOOK 2942 PAGE 930 OR BOOK 2942 PAGE 931 C) Q O w Z J W Z i OR BOOK 2942 PAGE 932 EJW 1 OR BOOK 2942 PAGE 933 i OR BOOK 2942 PAGE 934 OR BOOK 2942 PAGE 935 �C d K W Z J W C7 Z Q of OR BOOK 2942 PAGE 936 OR BOOK 2942 PAGE 937 OR BOOK 2942 PAGE 938 E/ W 3 i ► \ \ E/W 4 (Parr) I _ I E/W 4 (Parr) LU I I ► H Becker Rd ( �� � LBecker Rd I OR BOOK 2942 PAGE 939 iz Becker Rd