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Item K2LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: August 20, 2008 Division: Land Authority Bulk Item: Yes No X Contact / Phone #: Mark Rosch / 295-5180 Agenda Item Wording: Approval of a contract to purchase the Sea Grape Apartments Phase II site in Marathon (RE #103560-000201 and 103560-000203) for affordable housing. Item Background: The Sea Grape Apartments site is located near MM 50.5 on the oceanside in Marathon. Phase II of the site now consists of two parcels totaling 1.86 acres located in front of and behind Phase I and has been reconfigured to resolve easement issues. Marathon City Council Resolution 2004-035 supports acquisition of the site for affordable housing. The Carlisle Group proposes to develop the Phase 11 site with 28 affordable rental units using construction financing from the Florida Housing Finance Corporation. The project has received conditional use approval from the City of Marathon as well as permits from the South Florida Water Management District and the US Army Corps of Engineers. The site is eligible to receive federal flood insurance (it is not on the "FEMA list"). The proposed contract anticipates the following steps: 1) the Land Authority will purchase the site; 2) the Land Authority will transfer title to the BOCC; and 3) the BOCC will lease the property back to the Seller for development. Approval of this agenda item will allow staff to proceed with step 1. Advisory Committee Action: On 11/28/07 the Land Authority Advisory Committee voted 5/0 to approve the purchase of the reconfigured site, subject to the property being removed from the FEMA list if necessary. Previous Governing Board Action: On 9/20/06 and 10/18/06 the Board tabled consideration of this purchase pending resolution of closing issues regarding easement agreements and the proposed lease from the BOCC. Contract/Agreement Changes: The contract includes an addendum modifying the Phase II legal description to reflect the reconfigured site. This modification was necessary to resolve the above - referenced easement issues. Staff Recommendation: Approval. Total Cost: $471,737.50 Budgeted: Yes X No Cost to Land Authority: $471,737.50 Source of Funds: Land Authority (Tourist Impact Tax and State Park Surcharge) Approved By: Attorney X County Land Steward Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item M Purchase Price PURCHASE CONTRACTS 08/20/08 Envr. Audit, Survey or Clean-up Title Attorney Recording Insurance Fee Fee Acquisition Total Vaca Key Acreage $466,667.00 $2,000.00 $2,535.00 $500.00 $35.50 $471,737.50 RE#00103560-000201 and RE#00103560-000203 (Sea Grape Apartments, Ltd. - Phase II) _ J lit od r r1.■ 7. �1 ti 1 '*� 1 I 1 J Xso__ .j r �l � •� r' •111 L ■ C. ~' f - 7 Is MIEN pi 1 ■ , •f FI - � � 1 , F I�L r' �� tom' � * 'T ■ •' L. ' LA 1 + 1 od — - LT.w _ I110 pt A.."' am" 1 iA r RESOLUTION 2004-035 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARATHON, FLORIDA, REQUESTING THE ASSISTANCE OF THE MONROE COUNTY LAND AUTHORITY IN THE ACQUISITION OF LANDS IN THE CITY FOR AFFORDABLE HOUSING WHEREAS, prior to and subsequent to the incorporation of the City of Marathon, Florida (the "City"), certain fiends in Monroe County, Florida's (the County) possession were derived from taxes and assessments and other revenues originating from taxpayers and properties located within the City and remained in the County' s budget and treasury; and WHEREAS, prior to the City's incorporation, certain funds were budgeted by the County for acquisition of properties within the City for affordable housing, conservation of environmentally sensitive, open space and recreational purposes; and WHEREAS, additional state and federal programs are available to fund land acquisition projects; and WHEREAS, such funds were budgeted but not expended by the County; and WHEREAS, the Monroe County Comprehensive Land Authority (the "MCLA") is the County agency responsible for the acquisition of land for various purposes, including, but not limited to, affordable housing, conservation of environmentally sensitive land, open space and recreational purposes; and WHEREAS, it is the desire of the City to provide additional affordable housing, conservation, open space and recreational lands within the City. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MARATHON, FLORIDA, AS FOLLOWS: Section 1. The City Council requests the assistance of the MCLA in identifying and acquiring lands within the City to be used for affordable housing purposes. Section 2. Staff is directed to pursue a land acquisition by the MCLA. Section 3. Exhibit "A" describes the property the City would like acquired for affordable housing purposes. Section 4. This Resolution shall become effective immediately upon its adoption. PASSED AND APPROVED by the City Council of the city of Marathon, Florida, this 27tn day of April, 2004. THE CITY OF MARATHON, FLORIDA Jcf us, Mayor AYES: Bartus, Bull, Mearns. Miller, Pink -as NOES: None ABSENT: None ABSTAIN: None ATTEST: Cindy L. Ecklund City Clerk (City Seal) APPROVED AS TO FORM AND LEGALITY FOR THE USE AND RELIANCE OF THE CITY OF MARATHON, FLORIDA ONLY: EXHIBIT A A parcel of land in Section 11, Township 66 South, Range 32 East, Key Vaca, Monroe County, Florida, more particularly described as follows: Commencing at the intersection of the East line of said Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence continue South along the said East line of Section 11 for 285 feet to the Point of Beginning; thence continue South for 854.00 feet; thence West for 231.55 feet; thence North for 854.00 feet; thence East for 231.55 feet to the Point of Beginning. Containing 197,744 square feet or 4.54 acres, more of less. AGREEMENT FOR THE PURCHASE OF LANDS THIS AGREEMENT is made and entered into this 154-1 day of A"' s+- , 2006, is by and between SEA GRAPE II, LTD., A FLORIDA LIMITED PARTNERSHIP (hereinafter "Seller„) and the MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY (hereinafter, "Land Authority") acting by and through the Executive Director of the LAND AUTHORITY. WITNESSETH: In consideration of Ten Dollars ($10.00) in hand, paid by the LAND AUTHORITY, the receipt of which is hereby acknowledged, the Seller agrees to sell to the LAND AUTHORITY certain lands upon the terms and conditions hereinafter set forth, and for the price of $466,667 for all of the lands and other interests, which lands shall include all tenements, hereditaments, together with all water and other rights, easements, appurtenances, and any and all of the Seller's rights in or arising by reason of ownership thereunto belonging, owned by them, situate and lying in the County of Monroe, State of Florida, more particularly described as follows; to -wit: The parcel identified as Phase II in Exhibit A. RE# 103660-000200 2. The Seller agrees that it has full right, power and authority to convey, and that it will convey to the LAND AUTHORITY the fee simple title together with legal and practical access thereto clear, free and unencumbered, except subject to the following easements or reservations: Existing easements and agreements for (i) access by an adjoining owner to its land, (ii) sewer treatment plant construction and maintenance with an adjacent owner and (iii) canals, ditches, flumes, pipelines, railroads, public highways and roads, telephone, telegraph, power transmission lines and public utilities. The LAND AUTHORITY, at the LAND AUTHORITY'S expense, within the time allowed to deliver evidence of title and to examine same, may have the real property surveyed and certified by a registered Florida surveyor. If the survey discloses encroachments on the real property or that improvements located thereon encroach on setback lines, easements, lands of others, or violate any restrictions, contract covenants, or applicable governmental regulations, the same shall constitute a title defect. Seller shall convey marketable title subject only to the aforementioned liens, encumbrances, exceptions or qualification set forth herein. Marketable title shall be determined according to applicable title standards adopted by authority of the Florida Bar and in accordance with law. The LAND AUTHORITY shall have sixty (60) days from receipt of the environmental site assessment described in Section 13, below, in which to examine title. If title is found defective, the LAND AUTHORITY shall, within this specified time period, notify Seller in writing specifying defect(s). If the defect(s) render title unmarketable the Seller may, but shall have no duty to, remove the defect(s) within one hundred twenty (120) days from receipt of notice, failing which the LAND AUTHORITY shall have the option of either accepting the title as it then is or rescinding the contract herein; thereupon the LAND AUTHORITY and the Seller shall release one another of all further obligations under this Agreement. 3. The Seller further agrees not to do, or suffer others to do, any act by which the value or title to said lands may be diminished or encumbered. It is further agreed that any loss or damage occurring prior to the vesting of satisfactory title in the LAND AUTHORITY by reasons of the unauthorized cutting or removal of products therefrom, or because of fire, shall be borne by the Seller; and that, I in the event any such loss or damage occurs, the LAND AUTHORITY may refuse, without liability, to accept conveyance of said lands, or it may elect to accept conveyance upon an equitable adjustment of the purchase price. 4. The Seller further agrees that during the period covered by this instrument officers and accredited agents of the LAND AUTHORITY shall have at all proper times the unrestricted right and privilege to enter upon said lands for all proper and lawful purposes, including examination of said lands and the resources upon them. LAND AUTHORITY hereby agrees to indemnify Seller and hold Seller harmless against all claims, demands and liability, for nonpayment for services rendered to LAND AUTHORITY, for construction liens, or for damage to persons or property arising out of LAND AUTHORITY's investigation of the land. Seller hereby agrees to indemnify LAND AUTHORITY and hold it harmless against all claims, damages, demands and liability suffered by LAND AUTHORITY during the course of its inspections of the land, arising out of Seller's negligent or willful misconduct in its owning and maintaining the land. Notwithstanding anything to the contrary set forth in this Contract, the indemnifications and agreements to hold harmless set forth in this section shall survive the closing or the earlier termination of this Contract. 5. The Seller will execute and deliver upon demand of the proper officials and agents of the LAND AUTHORITY a good and sufficient special warranty deed conveying to the LAND AUTHORITY title to the said lands of such character as to be satisfactory to the legal counsel of the LAND AUTHORITY and in accordance with the terms and conditions of this Contract. To the extent that said deed includes reservations for rights of way or easements in favor of the Seller, the deed shall provide that the use, occupation and operation of the rights -of -way, easements and reservations retained therein, shall be subordinate to and subject to such rules and regulations as may be reasonably prescribed by the LAND AUTHORITY governing the use, occupation, protection and administration of lands. 6. In consideration whereof the LAND AUTHORITY agrees that it will purchase all of said lands and other interests at the price of $466,667.00. The LAND AUTHORITY further agrees that, simultaneously with the execution of the deed and delivery of same to the Land Authority's counsel for recording, as closing agent, it will cause to be paid to the Seller the purchase price by a check drawn on the account of the LAND AUTHORITY. The LAND AUTHORITY shall pay the following expenses associated with the conveyance of the property: deed recording fees, settlement fees, abstract fees, title examination fees, the LAND AUTHORITY's attorney's fees, and title insurance, as well as the prorata share of prepaid real property taxes allocable to the period subsequent to the vesting of title in the LAND AUTHORITY, or the effective date of possession of such real property by the same, whichever is earlier. The Seller shall pay the expenses of documentary stamps to be affixed to the deed and the removal of trash, debris, and structures from the property, if any. Full possession of the premises shall pass to the LAND AUTHORITY as of the date payment is made to the Seller subject only to the reservations stated in Section 2 above. The closing shall occur on or before November 30, 2006, subject to such extensions as may be a function of the Seller's exercise of its cure duties set forth in Section 2 and Section 13 of the this Contract. 7. It is mutually agreed that an abstract, title insurance policy or other evidence of title to the property herein contracted to be sold, satisfactory to the legal counsel of the LAND AUTHORITY will be obtained by the LAND AUTHORITY at its expense. The Seller expressly agrees herein to furnish to the LAND AUTHORITY any documents in Seller's possession establishing evidence of title including, but not limited to, abstracts, title commitments, title policies and opinions of title. 8. It is mutually understood and agreed that, pursuant to the provisions of Section 15 below, the LAND AUTHORITY will be conveying the land to the Monroe County Board of Commissioners, 2 which will in turn be leasing the subject land to the Seller or its affiliated entity or entities, pursuant to a ground lease or leases to be executed at a later date. The Land Authority may assign this contract, but such assignment shall contain an express acknowledgment of the provisions of Section 15 hereof. 9. It shall be the obligation of the Seller to pay all taxes and assessments outstanding as liens at the date title vests of record in the LAND AUTHORITY, provided such taxes and assessments are then due and payable. If not then due and payable, Seller shall provide a credit to the Land Authority in an amount equal to the prorated portion of such tax or assessment applicable to the Seller's period of ownership of the land. 10. It is mutually understood and agreed that notice of acceptance of this agreement shall be given to the Seller within five (5) days following execution hereof by the LAND AUTHORITY, by mail addressed to the Seller at the following address: 2950 SW 27th Avenue Suite 200 Miami, FL 33133 and shall be effective on the date of Seller's receipt of the mailed notice. 11. The property shall be delivered at closing free of any tenant or occupancy whatsoever. 12. The effective date of this agreement shall be that date when the last of the Seller and the LAND AUTHORITY has signed this agreement. 13. The LAND AUTHORITY shall have sixty (60) days from the effective date of this agreement in which to conduct an environmental site assessment to determine the existence and extent, if any, of any hazardous materials on the property. For the purposes of this agreement, "hazardous materials" shall mean any hazardous or toxic substance, material or waste of any kind or any other substance which is regulated by any environmental law. If the environmental site assessment identifies the presence of hazardous materials on the property, the LAND AUTHORITY shall, within this specified time period, notify Seller in writing of the findings. The Seller will then have one hundred twenty (120) days from receipt of notice within which to pursue, at Seller's sole cost and expense, any assessment, clean-up, and monitoring of the Property necessary to bring the Property into full compliance with any and all applicable federal, state or local laws, failing which the LAND AUTHORITY shall have the option of either accepting the property as it then is or rescinding the contract herein; thereupon the LAND AUTHORITY and the Seller shall release one another of all further obligations under this Agreement. 14. If the Seller wishes to proceed with this transaction, the Seller have until August 1, 2006 to sign and return this contract to the LAND AUTHORITY. Notwithstanding any provision of this Agreement to the contrary, the closing of this transaction is contingent upon approval by the Governing Board of the LAND AUTHORITY, which shall be obtained by no later than November 30, 2006, failing which either party shall have the right to terminate this Agreement by providing written notice, at which point both parties shall be released of all further obligations under this Agreement. 15. The LAND AUTHORITY intends to purchase the subject property as an affordable housing site in partnership with the Monroe County Board of County Commissioners. Notwithstanding any provision of this Agreement to -the contrary, the closing of this transaction is contingent upon: a) the Monroe County Board of County Commissioners agreeing to accept title to the property from the LAND AUTHORITY with said title encumbered with affordable housing deed restrictions; and b) the Seller and the Monroe County Board of County Commissioners entering into a mutually acceptable lease agreement for the subject property, which lease shall, among other provisions, include a contingency for the receipt by Seller of an allocation of low income housing tax credits; and c) the simultaneous closing of that certain Agreement For the Purchase of Lands by and between the LAND AUTHORITY and Sea Grape Apartments, Ltd., an affiliate of the Seller, for the purchase and sale of land adjacent to the subject property (the "Companion Contract"). The parties agree that the closing of this transaction and the closing of the transaction described in the Companion Contract shall be effected together and a breach by a party under either of said contracts shall be a breach under both of them. In the event these contingencies are not satisfied by November 30, 2006, both the LAND AUTHORITY and the Seller shall have the right to terminate this Agreement by providing written notice, at which point both parties shall be released of all further obligations under this Agreement. SIGNATURES APPEAR ON FOLLOWING PAGES 4 IN WITNESS WHEREOF, the Seller has hereunto signed its name on the day first above written. SELLER: Sea Grape II, Ltd., a Florida Limited Partnership By: CDG as Jtg-si By: Li as its Federal Tax ID Number: a Florida limited liability company, Phone Number: (305) 476-8118 LAND AUTHORITY: The MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY, acting by and through its EXECUTIVE DIRECTOR, has executed this agreemWt on behalf of the JVIONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY this J� day of Ajust' , 2006. MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ffil -, \1 F�-- Mark J. Aabch, Executive Director G:\W-PKG\34756\200\land-auth-con-SEAGRAPE-II(#1).doc Exhibit A od%5� A N% P.O.C. 1 V • S. - -•-•- _•-•-•- _ g 34' ° i � : 4! EAST 231.55 Phase P.O.B. I ase I Ar.i Al L� a� i At a— _ _ _..._ _ AEa---- 91.55 P.O.B. Phase II � s" Z � o $ M � i K K • �Illj •_ _._ _._._._._ ._._K i SeaGrape Ltd., a Florida Limited Partnership U.S. Highway No. 1, Marathon, Florida Sketch to accompany Legal Description Dwn No.: Phase I do II 1 06-409 Ref. Flood panel No. scale: 1 =120' 137Q K Dwn. 9v: F.H.H. Date: 7/2f AE Phase is A parcel of land in Section 11. Township 66 South, Range 32 East, Key Vaca, Monroe County, Florida, more particularly described as follows: Begin at the intersection of the East line of said Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence South along the said East line of Section 11 for 285.00 feet to the Point of Beginning: thence tontine South m for 574.00 feet; thence West for 91.55 feet; thence North c for 24.61 feet; thence West for 140.00 feet; thence North g for 549.39 feet; thence East for 231.55 feet to the Point of Beginning; s Containing 129463 s.f. or 2.97 a acres, more or less. a s 0 Phase II: A parcel of land in Section 11, Township 66 South, Range 32 c East, Key Vaca, Monroe County, = Florida, more particularly = described as follows: Begin at the intersection of the East line of said Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence South along the said East line of Section 11 for 859.00 feet to the Point of Beginning: thence tontine South cn for 280.00 feet; thence West ct c for 231.55 feet; thence North for 304.61 feet; thence East P for 140.00 feet; thence South o for 24.61 feet; thence east for 91.55 feet to the Point of Beginning; Containing 68279 s.f. or 1.57 In acres, more or less. 0 s U 4 n r N 0 �c,�CAtION AIIP •,w,�rrrr FREDERICK H. HILDEBRANDT ENCHM PLANNER SURVEYOR 3150 Northside Drive Suite 101 Key west, n. 33040 (305) 293-0466 Fox. (305) 293-0237 ADDENDUM TO AGREEMENT FOR THE PURCHASE OF LANDS (THE "AGREEMENT"), BETWEEN THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY ('BUYER"), AND SEA GRAPE II, LTD. ("SELLER"), DATED AUGUST 15, 2006, FOR THE PROPERTY LOCATED IN THE CITY OF MARATHON, MONROE COUNTY, FLORIDA. The Agreement is hereby amended as follows: Paragraph 1 is amended to reflect the revised legal description of the subject parcel as follows: THOSE PARCELS DRAWN AND LEGALLY DESCRIBED AS THE "TOP PHASE II" AND THE `BOTTOM PHASE II" ON THAT SURVEY DATED 9/7/07, ATTACHED HERETO AS EXHIBIT "A". Should any terms and conditions as stated in this Addendum conflict with any terms and conditions contained in the Agreement For The Purchase Of Lands to which this Addendum is attached, the terms and conditions in this Addendum shall control. IN WITNESS WHEREOF, the Seller and Buyer hereby execute this Addendum by signing below on the date and year indicated next to their signatures. SELLER: SEA GRAPE H, LTD. a Florida limited partnership By: CDG S G E II, LLC, a Florida limited liability company, Its -Re r r N Dated: BUYER: The MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY, acting by and through its Executive Director, has executed this Agreement on behalf of the MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY this 5t day of MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY s t 'Mark J. Ro , Executive Director :C1 Dii4756 - CarhsieM9 - Sea Grape\1-Sea Grape IllAddendurato PSAw-MCULAdor I\I EXHIBIT "A" i I �noa 0. P:0.8' t Phase II p� _ � f vv fa,B e. I ems• - N B. Ay�j o ^i5`�. ;AF. 7 20 Strip tv r.� Eosemfnl 24.9°"4')oa —e— (L7 Access Easement w l s 0 lO O I r { EAST 231.55 pha B. I III' I 3 F j 3 a �. =r•6—� a 7 20.00* d._._ ._._ Q � fi 7 0 \" Od CO 00 M f j ! j 1 p i I A - _ _ 'i'— .—._ .�._.— �-.._._... AE 8 _7 —.--- f a`tD �S 91.55 in Phase II 4 NORTH a °i I� 24.61' n rn 5 tans t asemen o =yl _ 5br�.____._ f Exchange Parcel ? Exchange -Drainage Easemento 15.84 7 o4�r air m Or I N �� N ro p•t• a� a I Sea Grape Apartments, LTD. U.S. Highway No. 1. Marathon, Florida Sketch to accompany Legal Description Dwn No.: Phase Il 07-367 fl. 00 ane o.scale; 1"-10O' Dwn. F.r Dots: 9/7/47 lhood em: AE 004 Sleet 1 of 2 I FREDERICK H. HILDEBMNDT ENGINEER PLANNER SURVEYOR 3152 NoMslde Drive S%Ate 201 MKaywest. Ft. 33040 S) 293-0466 Foz. (305) 293-0237 Ihiloeo 1mprOwuth.nel Legal Description: Phase I: A parcel of land in Section 11, Township 66 South. Range 32 East, Key Voco, Monroe County, Florida, more particularly described as follows; Begin at the intersection of the East line of sold Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence South along the said East line of Section 11 for 285.00 feet to the Point of Beginning; thence tontine South for 574.00 feet; thence West for 91.55 feet; thence North for 24.61 feet; thence West for 140.00 feet; thence North for 549.39 feet; thence Lost for 231.55 feet to the Point of Beginning; Containing 129463 s.f. or 2.97 acres, more or less. Legal Description: Top Phase II A parcel of land in Section 11, Township 66 South, Range 32 East, Key Voco, Monroe County, Florida, more particularly described as follows: Begin at the intersection of the East tine of said Section 11 and the Southeasterly light of way line of U.S. Highway 1; thence South along the said East line of Section It for 285.00 feet; thence West for 231.55 feet; thence North for 190.74 feet to the Southeasterly Right -of -Way line of U.S. Highway No. 1; thence N 6751'00" E along the said Southeasterly Right -of -Way line of U.S. Highway No. 1 for 250.00 feet back to the Point of Beginning. Containing 55079 s.f. or 1.25 acres, more or less. AND 20' Strip A Strip of land in Section 11, Township 66 South, Range 32 East, Key Voca, Monroe County, Florida, more particularly described as follows: Commencing at the. intersection of the East Line of said Section 11 and the Southeasterly Right -of --Way Line of U.S. Highway No. 1; thence South 67'51'00" West, along said Southeasterly Right -of -Way Line, for 250.00 feet, to the Point of Beginning; thence South, parallel to said East line of Section 11, for 344.52 feet; thence West for 20.00 feet; thence North for 336.48 feet, to said Southeasterly Right -of -Way Line; thence North 67'51'00" East along said Southeasterly Right -of -Way Line for 21.59 feet, back to the Point of Beginning. Containing an area of 6,811.30± square foot (0.156 acres more or less). Legal Description: Bottom Phase II A parcel of land in Section 11, Township 66 South, Range 32 East, Key Vaco, Monroe County, Florido, more particularly described as follows: Commence at the intersection of the East line of said Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence South along the said East line of Section 11 for 859.00 feet to the Point of Beginning; thence continue South along the said East line of Section 11 for 70.23 feet; thence West for 231.55 feet; thence North for 94.84 feet; thence East for 140.00 feet; thence South for 24.61 feet; thence East for 91.55 feet bock to the Point of Beginning. Containing 19707 s.f. or 0.45 acres, more or less. Legal Description: Access Easement A parcel of land in Section 11, Township 66 South, Range 32 East, Key Voca, Monroe County, Florida, more particularly described as follows: Commence at the intersection of the East line of said Section 11 and the Southeasterly right of way line of U.S. Highway 1; thence Southwest along the said Southeasterly right of way tine of U.S. Highway 1 for 245.65 feet to the Point of Beginning; thence S 25'48'D7" E for 0.54 feet to o point on a curve to the right having a radius of 40.00 feet and a central angle of 26110'45"; thence along said curbs for 18.28 feet; thence S 00'22'37" W for 169.16 feet to a point on a curve to the left having o radius of 45.49 feet and a central angle of 6'23'06 thence along said curve for 5.07 feet; thence West for 7.27 feet; thence South for 143.87 feet to a point on a curve to the right having a radius of 444.09 feet and a centtol angle of 19'27'06"; thence along said curve for 150.77 feet; thence N 00'23'01" E for 163.65 feet to a point on a curve to the left having a radius of 30.00 feet and a central angle of 26'11'08"; thence along sold curve for 13,71 feet; thence N 25*48'07" W for 0.72 feet to the Southeasterly right of way line of U.S. Highway No. 1; thence N 67'51'00" E along the said Southeasterly right of way line of U.S_ Highway No. 1 for 24.94 feet back to the Point of Beginning, Containing 6337 s.f. or 0.15 acres, more or less. Legal Description: Drainage Easement: A parcel of land in Section 11, Township 66 South, Range 32 East, Key Voco, Monroe County, Florida, more particularly described as follows: COMMENCING at the intersection of the East Line of said Section 11 and the Southeasterly Right -of -Way Line of U.S. Highwoy No. 1; thence South along said East Line of Section 11 for 929.23 feet to the Point of Beginning; thence continue South for 15.84 feet; thence West for 231.55 feet; thence North for 15.84 feet; thence East for 231.55 feet, back to the Point of Beginning. Containing an area of 3,667.752f square foot. CERTIFICATION MADE TO: Falcon Pass, LTD.; Steams Weaver Miller Weissler Alhodeff & Sitterson, P.A.; Attorneys' Title Insurance Corporation; Lawyers Title insurance Company; Chicago Title Insurance- Company; Wachovia Bank, its successors and/or assigns, as their interest may appear, Sea Grope Apartments, LTD., a Florida limited partnership; Monroe County Comprehensive Plan Land Authority; Monroe County, Florida; Larry R. Erskine, P.A. CERTIFICATION: I HEREBY CERTIFY that the atta ed Sketch to accompanyy Legal Description is true and correct to the best of my knowledge and beleif; That it meets the minimum technical standards adopted by the Florido Board of Land Surveyors, Chapter 61 G17-6, Florida Statute Sectj�n 472.0 . and the American Land Title Association, and that there are no visibl encroac mess shown hereon. FREDERICK H. HfLDEB"T N Professional Land Surv@yor & Mapper No. 2749 Professional Engineer No. 36810 State of Florida NOT VALID UNLESS EMBOSSED W;TH RAISED SEAL & SIGNATURE Sheet 2 of 2 Soo Grape Apartments, LTD. U,S. Highway No. 1, Marathon, Florido Sketch to accompany Legal Description p"� No.: Phase II 07-367 scolo� 1"=100' FREDERICK H. I&DEBRANDT i NONEER PLANNER SURVM 3152 Northa;de Dd- Suite 2a1 Kryry west, F1. 33040 F3051 . ax. (305) a5) 293 2?3-a23T %1deb1*ft4 1h-t