SEBASTIAN RIVER IMPROVEMENT DISTRICT

INDIAN RIVER COUNTY

Special Board Meeting July 19, 2023
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.sridfl.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
SEBASTIAN RIVER IMPROVEMENT DISTRICT BOARD OF SUPERVISORS
Indian River County Administration Complex Bldg. A, Room A1-102
1801 27th Street
Vero Beach, Florida 32960 SPECIAL BOARD MEETING July 19, 2023
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Approval of Minutes
June 14, 2023 Regular Board Meeting…	Page 2
Old Business
New Business
Lateral C – Radial Gates Maintenance Recommendation…	Page 5
Discussion Regarding Offer Package from FDOT…	Page 11
Administrative Matters
Sand Mine Update
Financial Update…	Page 206
Engineer Update
Manager Update
Board Members Comments
Comments from the Public for Items Not on the Agenda
Adjourn

NOTICE OF SPECIAL BOARD MEETING

NOTICE IS HEREBY GIVEN that the Board of Supervisors (“Board”) of the Sebastian River Improvement District (“District”) will hold a Special Board Meeting (“Meeting”) on July 19, 2023, at 10:00 a.m. at the Indian River County Administration Complex, Building A-1, Room 102, 1800 27th Street, Vero Beach, Florida 32960.

The purpose of the Special Board Meeting is to conduct any business which may properly come before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. There may be occasions when Board members or District Staff may participate by speaker telephone. A copy of the Agenda for the meeting may be obtained from the District’s website (www.sridfl.org) or by contacting the District Manager at (772) 345-5119.

Any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Manager’s Office at least forty-eight (48) hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7- 1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager’s Office.

Each person who decides to appeal any decision made by the Board with respect to any matter considered at the public hearing or meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

SEBASTIAN RIVER IMPROVEMENT DISTRICT

www.sebastianriverid.org

PUBLISH: INDIAN RIVER PRESS JOURNAL  07/12/23

REGULAR BOARD MEETING JUNE 14, 202.

Call to Order
The June 14, 2023, Regular Board Meeting of the Sebastian River Improvement District (the “District”) was called to order at 9:24 a.m. in the Indian River County Administration Complex, Building A, Room A1-102, 1801 27th Street, Vero Beach, Florida 32960.

Proof of Publication
Proof of publication was presented showing that notice of the Regular Board Meeting had been published in Indian River Press Journal on May 18, 2023 and May 25, 2023, as legally required.

Establish Quorum
A quorum was established with the following Supervisors present:

Board of Supervisors

Supervisor	Jeff Bass	Present	
Supervisor	Tom Hammond	Present	

Staff members in attendance were:

District Manager	Frank Sakuma	Special District Services, Inc.	
Intern	Belhaim Sakuma	Special District Services, Inc.	
District Counsel	Ruth Holmes	Gonano & Harrell	
District Engineer	Clint Rahjes	Carter Associates, Inc.	

Landowners’ Meeting Election Results & Election of Officers
Mr. Sakuma notified the Board that during the preceding Landowners’ meeting Jeff Bass had been elected to serve a three year term ending in 2026.

Mr. Sakuma offered the following slate of officers for Board consideration:
Jeff Bass – Chairman
Chad Kelly – Vice Chairman
Tom Hammond – Assistant Secretary
Frank Sakuma – Secretary/Treasurer

A motion was made by Mr. Bass, seconded by Mr. Hammond approving the slate of officers as presented. The motion approving the officers passed unanimously.

Additions or Deletions to Agenda
The Board authorized the addition of “R&S Metal Works Proposal” to the New Business section of the agenda

Approval of Minutes
April 12, 2023, Regular Board Meeting Minutes

Mr. Sakuma informed the Board of a necessary edit to the draft minutes, related to the Liberty Park presentation. A motion was made by Mr. Hammond, seconded by Mr. Bass approving the minutes of the April 12, 2023, Regular Board Meeting, as amended. The motion approving the minutes passed unanimously.

OLD BUSINESS
There were no items.

NEW BUSINESS

Consider Resolution No. 2023-01 – Adopting a Fiscal Year 2023/2024 Proposed Budget

Resolution No. 2023-01 was presented, entitled:

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SEBASTIAN RIVER IMPROVEMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024; AND PROVIDING AN EFFECTIVE DATE.

Mr. Sakuma discussed several line items in the proposed budget and answered questions from the Board. He also confirmed the final approved budget would be considered at the September Board meeting.

After Board discussion a motion was made by Mr. Hammond, seconded by Mr. Bass and passed unanimously to adopt Resolution 2023-01, as presented, and setting the public hearing on the final approved budget for September 13, 2023.

R&S Metalworks Proposal

Mr. Sakuma advised of necessary repairs to a hole in the Lateral C water control structure. The Board asked for staff to notify landowners if the repairs would take more than one day, and also for the contractor to inspect the adjacent panel and replace if needed.

After Board discussion, a motion was made by Mr. Bass, seconded by Mr. Hammond and passed unanimously to authorize R&S Metalworks to repair the Lateral C water control structure under the conditions noted above.

Administrative Matters

Sand Mine Update
Mr. Simons advised that all the sand mine renewals had been complete.

Financial Update
Having discussed finances during consideration of a proposed budget, Mr. Sakuma had no further information to offer the Board.

Board Member Comments

Mr. Bass advised the Board that Graves Brothers was aware of a failed culvert and were evaluating what actions they would take to repair. Mr. Simons was congratulated on the most recent sale of his firm and was asked if he would continue with Carter Associates. He advised he would remain full time for two years and then part time for three further years. SRID would continue to be a client if the Board so desires.

Comments from the Public for Items Not on the Agenda
There were no comments from the public.

Adjournment

There being no further business to come before the Board, the Regular Board Meeting of the District was adjourned at 9:46 a.m.

Secretary/Assistant Secretary	Chair/Vice-Chairman

Frank Sakuma

From:	Robert Stillwaggon <besdad08@yahoo.com>
Sent:	Monday, July 3, 2023 12:23 PM
To:	Frank Sakuma
Subject:	Fwd: Recommended Coating - Radial Canal Gates
Attachments:	90-97.pdf; 142.pdf

Follow Up Flag:	Follow up
Flag Status:	Flagged

Hi Frank;
Maintenance is needed on lateral C radial gates for preventative maintenance or failure. They are in need of sandblasting at all areas where the original galvanizing has worn off. Sandblasting may expose areas that will need repair of removing and welding in new material or just welding plate over affected area, plate over holes at both sides to keep moisture from entering between plate layers if it allows. Bolt on parts should be removed for proper sandblasting and reinstalled after applying proper multi layered coatings for corrosion prevention.
I’ve contacted Tnemic for a recommendation of proper coatings that would be appropriate for the radial gates exposed and submerged.
Forwarded is a pdf of their recommendation. If this is something we can add to the board meeting and it’s possible we can move forward with the project. We can bid it out to multiple contractors as usual for a competitive price.
Thanks
Robert Stillwaggon

Begin forwarded message:

From: "Arias, Ignacio" <arias@tnemec.com>
Date: June 27, 2023 at 5:41:09 PM EDT
To: besdad08@yahoo.com
Cc: "Holmes, Blake" <bholmes@tnemec.com>
Subject: RE: Recommended Coating - Radial Canal Gates

Good day Robert,

Thank you again for taking the time to discuss the upcoming project for Sebastian River Improvement District. I would greatly appreciate any drawings or photographs of the Radial Canal Gates. This will help me understand the scope of work involved, so I can put together a specification. The Tnemec products we would recommend would be, after abrasive blasting the structures, removing any/all existing coatings, prime with Tnemec Tmeme-Zinc Series 90-97, an advanced technology, two- component, moisture-cured, zinc-rich primer. Being user friendly and to be applied same day after prep. The topcoat would be our Epoxoline Series 142, our glass flake reinforced modified polyamide epoxy, formulated to be abrasive resistant, offering high-build edge protection, available in standard industry colors, Light Gray, Beige, and Black. Please don’t hesitate to contact me if you have any questions.

Ignacio “Nacho” Arias | AMPP Basic Coating Inspector, Level 1

Florida Protective Coatings Services, Inc. | Coatings Consultant 754-465-3707 | arias@tnemec.com
To see what makes Tnemec a different kind of coatings manufacturer, visit www.tnemec.com/performance-matters.

From: Arias, Ignacio
Sent: Monday, June 26, 2023 12:00 PM
To: besdad08@yahoo.com
Cc: Holmes, Blake <bholmes@tnemec.com>
Subject: Recommended Coating - Radial Canal Gates Good day Robert,
Thank you for contacting Tnemec Coatings for a recommendation for the Radial Canal Gates located within the Sebastian River Improvement District. If you have a few minutes, please give me a call to discuss the project? My direct line is 754-465-3707, thank you.

Ignacio “Nacho” Arias | AMPP Basic Coating Inspector, Level 1 Florida Protective Coatings Services, Inc. | Coatings Consultant 754-465-3707 | arias@tnemec.com
To see what makes Tnemec a different kind of coatings manufacturer, visit www.tnemec.com/performance-matters.
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TNEME-ZINC	PRODUCT DATA SHEET
SERIES 90-97	
	
	PRODUCT PROFILE	

GENERIC DESCRIPTION	Aromatic Urethane, Zinc-Rich
COMMON USAGE  An advanced technology, two-component, moisture-cured, zinc-rich primer providing extraordinary performance. It’s user friendly and rapid curing so chemical- and corrosion-resistant topcoats can be applied the “same-day.” Also used for field touch-up of inorganic zinc coating. Application methods include “dry-fall” under certain conditions (see Application).
COLORS	90-97 Reddish-gray
ZINC PIGMENT	83% by weight in dried film
SPECIAL QUALIFICATIONS	Series 90-97 meets AISC requirements of Class B surface with a mean slip coefficient no less than 0.50 and a tension creep not in excess of .005 inches (.13mm).

Tneme-Zinc uses a zinc pigment which meets the requirements of ASTM D 520 Type III and contains less than .002% lead. This level qualifies it to be classed as "non-lead" (less than 0.009% lead by weight) as defined in 16 CFR Part 1303 of the Consumer Product Safety Commission regulations. Conforms to SSPC Paint 20, Type II.

This product is part of a coating system tested in accordance with ISO 12944-6 (2018). Contact your Tnemec representative for coating system test results.	
	COATING SYSTEM	

TOPCOATS	Series 1, 6, 27, 27WB, 46H-413, 66, L69, L69F, N69, N69F, V69, V69F, 73, 104, 113, 114, 115, 135, 161, 394, 1028, 1029,
1074, 1074U, 1075, 1075U
Note: Certain topcoat colors may not provide one-coat hiding depending on method of application. Contact your Tnemec representative. Note: Series 90-97 must be exterior exposed for three days prior to topcoating with Series 1028 or 1029.
Note: Series 90-97 must be exterior exposed for one day prior to topcoating with Series 27WB.	
	SURFACE PREPARATION	

Severe Exposure: SSPC-SP10/NACE 2 Near-White Blast Cleaning with a minimum angular anchor profile of 1.5 mils.
Moderate Exposure: SSPC-SP6/NACE 3 Commercial Blast Cleaning with a minimum angular anchor profile of 1.5 mils.	
	TECHNICAL DATA	

VOLUME SOLIDS	63.0 ± 2.0% (mixed)
RECOMMENDED DFT	2.5 to 3.5 mils (65 to 90 microns) per coat.
CURING TIME	Without 44-710

† 50% relative humidity. Curing time will vary with surface temperature, humidity and film thickness.
Note: For faster curing, low humidity and low-temperature applications, add No. 44-710 Urethane Accelerator (see separate product data sheet).
VOLATILE ORGANIC COMPOUNDS	Unthinned: 2.68 lbs/gallon (321 grams/litre)
Thinned 2.5% (No. 2 or No. 3 Thinner): 2.79 lbs/gallon (334 grams/litre)
Thinned 10% (No. 2 or No. 3 Thinner): 3.10 lbs/gallon (371 grams/litre)
HAPS	Unthinned: 5.12 lbs/gal solids
Thinned 2.5%: 5.41 lbs/gal solids (No. 2 Thinner); 5.13 lbs/gal solids (No. 3 Thinner)
Thinned 10%: 6.27 lbs/gal solids (No. 2 Thinner); 5.16 lbs/gal solids (No. 3 Thinner)
THEORETICAL COVERAGE	1,011 mil sq ft/gal (24.8 m²/L at 25 microns). See APPLICATION for coverage rates.
NUMBER OF COMPONENTS	Two: Part A and Part B
PACKAGING	Four-Gallon and One-Gallon Kits: Consist of one premeasured container of liquid (Part A) and one premeasured container of powder (Part B). When mixed, yields four gallons (15.1L) or one gallon (3.79L).
NET WEIGHT PER GALLON	23.94 ± 0.60 lbs (10.86 ± .27 kg)
STORAGE TEMPERATURE	Minimum 20°F (-7°C)	Maximum 110°F (43°C)
TEMPERATURE RESISTANCE	Dry (Continuous) 250°F (121°C)	Intermittent 300°F (149°C)
SHELF LIFE	Part A: 12 months at recommended storage temperature. Part B: 24 months at recommended storage temperature.
FLASH POINT - SETA	Part A: 78°F (26°C)	Part B: N/A
HEALTH & SAFETY	Paint products contain chemical ingredients which are considered hazardous. Read container label warning and Material Safety Data Sheet for important health and safety information prior to the use of this product.
Keep out of the reach of children.	

Temperature †	To Handle	To Recoat	
75°F (24°C)	1 hour	4 hours	
65°F (18°C)	1 1/2 hours	5 hours	
55°F (13°C)	2 hours	6 hours	
45°F (7°C)	2 1/2 hours	7 hours	
35°F (2°C)	3 hours	8 hours	

© July 27, 2021 by Tnemec Company, Inc.

Published technical data and instructions are subject to change without notice. The online catalog at www.tnemec.com should be referenced for the most current technical data and instructions or you may contact your Tnemec representative for current technical data and instructions.

PDPS9a09g7 eP7age 1 of 2

PRODUCT DATA SHEET
TNEME-ZINC | SERIES 90-97

APPLICATION

	Dry Mils (Microns)	Wet Mils (Microns)	Sq Ft/Gal (m²/Gal)	
Suggested	3.0 (75)	5.0 (125)	337 (31.3)	
Minimum	2.5 (65)	4.0 (100)	404 (37.5)	
Maximum	3.5 (90)	5.5 (140)	289 (26.9)	

COVERAGE RATES

Allow for overspray and surface irregularities. Film thickness is rounded to the nearest 0.5 mil or 5 microns. Application of coating below minimum or above maximum recommended dry film thicknesses may adversely affect coating performance.
MIXING	Always use the entire contents of A and B components. Use an air-driven power mixer and keep material under constant agitation while mixing. Slowly sift powder (Part B) into liquid (Part A).
–Do Not Reverse This Procedure– Adjust mixer speed to break up lumps and mix until the two components are thoroughly blended. Strain through a 35 to 50 mesh (300 to 600 microns) screen before using. For spray application, keep under low RPM agitation to prevent settling. For brush or roller application, stir frequently to prevent settling. Do not use mixed material beyond pot life limits.
THINNING	For spray, thin up to 10% or 3/4 pint (380 mL) per gallon with No. 2 Thinner if temperatures are below 80°F (27°C). Thin up to 10% or 3/4 pint (380 mL) per gallon with No. 3 Thinner if temperatures are above 80°F (27°C). For brush or roller, thin up to 10% or 3/4 pint (380 mL) with No. 3 Thinner.
POT LIFE	8 hours at 77°F (25°C) and 50% R.H.
Caution: This product cures with moisture acting as a catalyst. Incorporation of moisture or moisture laden air (humidity) during use will shorten pot life. Avoid continual agitation at high RPM. When feasible keep containers of mixed material covered during use.
APPLICATION EQUIPMENT	Note: When finish coats are white or light colors, best hiding of this dark color primer can be achieved by spray application.
Air Spray
Gun	Fluid Tip	Air Cap	Air Hose ID	Mat’l Hose ID	Atomizing Pressure	Pot Pressure	
DeVilbiss JGA †	
E	
765 or 704	5/16” or 3/8” (7.9 or 9.5 mm)	3/8” or 1/2” (9.5 or 12.7
mm)	40-50 psi
(2.8-3.4 bar)	10-20 psi
(0.7-1.4 bar)	
† (with heavy mastic spring) Low temperatures or longer hoses will require additional pressure. Use pressure pot equipped with an agitator and keep pressure pot at same level or higher than the spray gun. Compressed air must be dry.
Airless Spray
Tip Orifice	Atomizing Pressure	Mat’l Hose ID	Manifold Filter	
0.017”-0.021”
(430-535 microns) Reversible Tip	2400-3000 psi
(165-207 bar)	1/4” or 3/8” (6.4 or 9.5 mm)	60 mesh
(250 microns)	
Use appropriate tip/atomizing pressure for equipment, applicator technique and weather conditions. Keep material agitated to prevent settling.
Roller: Use 1/4” or 3/8” (6.4 mm or 9.5 mm) synthetic woven nap roller covers. Stir material frequently or keep under agitation to prevent settling.
Brush: Use high quality natural or synthetic bristle brushes.
SURFACE TEMPERATURE	Minimum 35°F (2°C)  Maximum 140°F (60°C)	Maximum for Brush & Roller 120°F (49°C)
The surface should be dry and at least 5°F (3°C) above the dew point. Note: Series 44-710 Accelerator must be used if the surface temperature is 35°F to 60°F (2°C to 16°C) and 20% to 40% relative humidity.
AMBIENT HUMIDITY	Minimum 20%	Maximum 90%
CLEANUP	Flush and clean all equipment immediately after use with the recommended thinner or xylene.
CAUTION	Dry overspray can be wiped or washed from most surfaces. Satisfactory dry-fall performance depends upon height of work, weather conditions and equipment adjustment. Low temperature is of particular concern. Test for each application as follows: Spray from 15 to 25 feet towards paint container. The material then should readily wipe off. Note: Heat can fuse-dry overspray to surfaces. Always clean dry overspray from hot surfaces before fusing occurs. Be aware that surface temperatures can be higher than air temperatures.

WARRANTY & LIMITATION OF SELLER'S LIABILITY: Tnemec Company, Inc. warrants only that its coatings represented herein meet the formulation standards of Tnemec Company, Inc. THE WARRANTY DESCRIBED IN THE ABOVE PARAGRAPH SHALL BE IN LIEU OF ANY OTHER WARRANTY, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO, ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THERE ARE NO WARRANTIES THAT EXTEND BEYOND THE DESCRIPTION ON THE FACE HEREOF. The
buyer's sole and exclusive remedy against Tnemec Company, Inc. shall be for replacement of the product in the event a defective condition of the product should be found to exist and the exclusive remedy shall not have failed its essential purpose as long as Tnemec is willing to provide comparable replacement product to the buyer. NO OTHER REMEDY (INCLUDING, BUT NOT LIMITED TO, INCIDENTAL OR CONSEQUENTIAL DAMAGES FOR LOST PROFITS, LOST SALES, INJURY TO PERSON OR PROPERTY, ENVIRONMENTAL INJURIES OR ANY OTHER INCIDENTAL
OR CONSEQUENTIAL LOSS) SHALL BE AVAILABLE TO THE BUYER. Technical and application information herein is provided for the purpose of establishing a general profile of the coating and proper coating application procedures. Test performance results were obtained in a controlled environment and Tnemec Company makes no claim that these tests or any other tests, accurately represent all environments. As application, environmental and design factors can vary significantly, due care should be exercised in the selection and use of the coating.

Tnemec Company, Inc.  6800 Corporate Drive  Kansas City, Missouri 64120-1372 +1 816-483-3400 www.tnemec.com

© July 27, 2021 by Tnemec Company, Inc.

PDPS9a09g7 eP8age 2 of 2

EPOXOLINE®	PRODUCT DATA SHEET
SERIES 142	
	
	PRODUCT PROFILE	

GENERIC DESCRIPTION	Glass Flake Reinforced Modified Polyamine Epoxy
COMMON USAGE	Abrasion resistant, high solids, epoxy coating which offers high-build edge protection and excellent corrosion resistance.
Contains glass flake and aluminum oxide for improved film integrity. For use on the interior and exterior of steel or concrete tanks, pipes, and other heavy-duty equipment in industrial service.
COLORS	Available in the following standard industrial colors: A11417 Light Gray, 1252 Beige, 35GR Black. Note: Epoxies chalk with extended exposure to sunlight. Lack of ventilation, incomplete mixing, miscatalyzation or the use of heaters that emit carbon dioxide and carbon monoxide during application and initial stages of curing may cause yellowing to occur.
Important: Due to the product's curing agent chemistry, color variations can be pronounced. However, these changes in color are aesthetic only and will not affect performance or certifications. Contact your Tnemec representative for more information.
PERFORMANCE CRITERIA	Extensive test data available. Contact your Tnemec representative for specific test results.	
	COATING SYSTEM	

SURFACER/FILLER/PATCHER	Series 215, 217, 218
PRIMERS	Steel: Self-priming, 1, L69, L69F, N69, N69F, 90E-92, 90G-1K97, 90-97, H90-97, 90G-98, 94-H2O
Concrete: Self-priming, L69, L69F, N69, N69F
TOPCOATS	Exterior: Series 73, 290, 1028, 1029, 1074, 1074U, 1075, 1075U. Note: The following maximum recoat time applies when using Series 73, 290, 1074, 1074U, 1075, 1075U: fourteen (14) days. If this time limit is exceeded, Series 142 must be uniformly scarified prior to topcoating.	
	SURFACE PREPARATION	

PRIMED STEEL  Immersion Service: Scarify the Series L69, L69F, N69, N69F, V69 or V69F prime coat surface by brush-blasting with fine abrasive before topcoating if more than 30 days has elapsed since application and 142 is the specified topcoat.
STEEL  Immersion Service: SSPC-SP10/NACE 2 Near-White Blast Cleaning with a minimum angular anchor profile of 2.0 mils Non-Immersion Service: SSPC-SP6/NACE 3 Commercial Blast Cleaning with a minimum angular anchor profile of 2.0 mils
CONCRETE	Allow new cast-in-place concrete to cure a minimum of 28 days at 75°F (24°C). Verify concrete dryness in accordance with ASTM F 1869 “Standard Test Method for Measuring Moisture Vapor Emission Rate of Concrete Subfloor Using Anhydrous Calcium Chloride” (moisture vapor transmission should not exceed three pounds per 1,000 square feet in a 24 hour period), F 2170 “Standard Test Method for Determining Relative Humidity in Concrete using in situ Probes” (relative humidity should not exceed 80%), or D 4263 “Standard Test Method for Indicating Moisture in Concrete by the Plastic Sheet Method” (no moisture present). Prepare concrete surfaces in accordance with NACE No. 6/SSPC-SP13 Joint Surface Preparation Standards and ICRI Technical Guidelines. Abrasive blast, shot-blast, water jet or mechanically abrade concrete surfaces to remove laitance, curing compounds, hardeners, sealers and other contaminants and to provide a minimum ICRI-CSP 3 surface profile. Large cracks, voids and other surface imperfections should be filled with a recommended filler or surfacer.
ALL SURFACES	Must be clean, dry and free of oil, grease, chalk and other contaminants.	
	TECHNICAL DATA	

VOLUME SOLIDS	82% ± 2.0% (mixed) †
RECOMMENDED DFT	8.0 to 20.0 mils (205 to 500 microns) in one coat. Note: Thickness requirements will vary with substrate, application method and exposure. Contact your Tnemec representative.
CURING TIME

Curing time varies with surface temperature, air movement, humidity and film thickness. ‡Note: Specific application requirements, including cure schedule and environmental conditions, must be followed when topcoating Series 142. Contact Tnemec Technical Service for detailed instructions. Note: For overlaps, tie-ins, and touch-ups, maximum recoat time with itself is seven days.
VOLATILE ORGANIC COMPOUNDS	EPA Method 24
Unthinned: 1.28 lbs/gallon (153 grams/litre)
Thinned 5% (No. 4 Thinner): 1.55 lbs/gallon (186 grams/litre)
Thinned 5% (No. 60 Thinner): 1.55 lbs/gallon (186 grams/litre)
Thinned 10% (No. 4 Thinner): 1.78 lbs/gallon (214 grams/litre)
Thinned 10% (No. 60 Thinner): 1.74 lbs/gallon (208 grams/litre)†
HAPS	Unthinned: 1.27 lbs/gal solids
Thinned 5% (No. 4 Thinner): 1.31 lbs/gal solids
Thinned 10% (No. 4 Thinner): 1.36 lbs/gal solids
THEORETICAL COVERAGE	1,315 mil sq ft/gal (32.2 m²/L at 25 microns). See APPLICATION for coverage rates. †
NUMBER OF COMPONENTS	Two: Part A (amine) and Part B (epoxy)
MIXING RATIO	By volume: One (Part A) to one (Part B)
PACKAGING

NET WEIGHT PER GALLON	13.18 ± 0.25 lbs (5.98 ± .11 kg) †	

Temperature	To Handle	To Topcoat	Immersion	
75°F (24°C)	6 hours	9 hours ‡	7 days	
35°F (0°C)	64 hours	72 hours ‡	30 days	

	PART A	PART B	When Mixed	
Large Kit	1-5 gallon pail	1-5 gallon pail	10 gallons	
Small Kit	1-1 gallon can	1-1 gallon can	2 gallons	

© December 17, 2018 by Tnemec Company, Inc.

Published technical data and instructions are subject to change without notice. The online catalog at www.tnemec.com should be referenced for the most current technical data and instructions or you may contact your Tnemec representative for current technical data and instructions.

PPDSa14g2 eP9age 1 of 2

PRODUCT DATA SHEET
EPOXOLINE® | SERIES 142

STORAGE TEMPERATURE	Minimum 20°F (-7°C)	Maximum 110°F (43°C)
Prior to application, the material temperature should be above 60°F (16°C). It is suggested the material be stored at this temperature at least 48 hours prior to use.
TEMPERATURE RESISTANCE	(Dry) Continuous 250°F (121°C)	Intermittent 275°F (135°C)
SHELF LIFE	12 months at recommended storage temperature.
FLASH POINT - SETA	Part A: 94°F (34°C)	Part B: 153°F (67°C)
HEALTH & SAFETY	This product contains chemical ingredients which are considered hazardous. Read container label warning and Material Safety Data Sheet for important health and safety information prior to the use of this product.
Keep out of the reach of children.

APPLICATION

	Dry Mils (Microns)	Wet Mils (Microns)	Sq Ft/Gal (m²/Gal)	
Minimum	8.0 (205)	10.0 (255)	164 (15.3)	
Maximum	20.0 (500)	24.0 (610)	66 (6.1)	

COVERAGE RATES

Allow for overspray and surface irregularities. Wet film thickness is rounded to the nearest 0.5 mil or 5 microns. Application of coating below minimum or above maximum recommended dry film thicknesses may adversely affect coating performance. †
MIXING	Mix the entire contents of Part A and Part B separately. Scrape all of the Part A into the Part B pail by using a flexible spatula. While under agitation use a variable speed drill with a PS Jiffy blade and mix the blended components for a minimum of three minutes. During mixing, scrape the container walls to aid in complete blending of the two components. Apply the mixed material within pot life limits after agitation. Both components must be above 50°F (10°C) prior to mixing. For optimum application properties, the material temperature should be above 60°F (16°C). For applications to surfaces between 35°F to 50°F (2°C to 10°C) allow mixed material to stand 30 minutes and restir before use. Note: A large volume of material will set up quickly if not applied or lessened in mass. Caution: Do not reseal mixed material. An explosion hazard may be created.
THINNING	Caution: Do not add thinner to Part A prior to mixing with Part B. For airless spray, brush or roller, thin up to 5% per gallon with No. 4 Thinner or No. 60 Thinner. For air spray, thin up to 10% per gallon with No. 4 or No. 60 Thinner.
POT LIFE	2 hours at 77°F (21°C)	1 hour at 90°F (32°C)
SPRAY LIFE	1 hour at 77°F (21°C)	30 minutes at 90°F (32°C)
APPLICATION EQUIPMENT	Air Spray
Gun	Fluid Tip	Air Cap	Air Hose ID	Mat’l Hose ID	Atomizing Pressure	Pot Pressure	

DeVilbiss JGA	
E	
765 or 704	5/16” or 3/8” (7.9 or 9.5 mm)	3/8” or 1/2” (9.5 or 12.7
mm)	75-100 psi
(5.2-6.9 bar)	25-35 psi
(1.7-2.4 bar)	
Low temperatures or longer hoses require higher pot pressure.
Airless Spray
Tip Orifice	Atomizing Pressure	Mat’l Hose ID	Manifold Filter	
0.017”-0.021”
(430-535 microns)	3400-4500 psi
(234-310 bar)	3/8” (9.5 mm)	30 mesh
(600 microns)	
Use appropriate tip/atomizing pressure for equipment, applicator technique and weather conditions.
Roller: Roller application optional when environmental restrictions do not allow spraying. Use 3/8” or 1/2” (9.5 mm to 12.7 mm) synthetic woven nap covers.
Brush: Recommended for small areas only. Use high quality natural or synthetic bristle brushes.
SURFACE TEMPERATURE	Minimum 35°F (2°C)	Maximum 135°F (57°C)
The surface should be dry and at least 5°F (3°C) above the dew point.
CLEANUP	Flush and clean all equipment immediately after use with the recommended thinner or MEK.
† Values may vary with color.

WARRANTY & LIMITATION OF SELLER'S LIABILITY: Tnemec Company, Inc. warrants only that its coatings represented herein meet the formulation standards of Tnemec Company, Inc. THE WARRANTY DESCRIBED IN THE ABOVE PARAGRAPH SHALL BE IN LIEU OF ANY OTHER WARRANTY, EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO, ANY IMPLIED WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. THERE ARE NO WARRANTIES THAT EXTEND BEYOND THE DESCRIPTION ON THE FACE HEREOF. The
buyer's sole and exclusive remedy against Tnemec Company, Inc. shall be for replacement of the product in the event a defective condition of the product should be found to exist and the exclusive remedy shall not have failed its essential purpose as long as Tnemec is willing to provide comparable replacement product to the buyer. NO OTHER REMEDY (INCLUDING, BUT NOT LIMITED TO, INCIDENTAL OR CONSEQUENTIAL DAMAGES FOR LOST PROFITS, LOST SALES, INJURY TO PERSON OR PROPERTY, ENVIRONMENTAL INJURIES OR ANY OTHER INCIDENTAL
OR CONSEQUENTIAL LOSS) SHALL BE AVAILABLE TO THE BUYER. Technical and application information herein is provided for the purpose of establishing a general profile of the coating and proper coating application procedures. Test performance results were obtained in a controlled environment and Tnemec Company makes no claim that these tests or any other tests, accurately represent all environments. As application, environmental and design factors can vary significantly, due care should be exercised in the selection and use of the coating.

Tnemec Company, Inc.  6800 Corporate Drive  Kansas City, Missouri 64120-1372 +1 816-483-3400 www.tnemec.com

© December 17, 2018 by Tnemec Company, Inc.

PPaDSg14e2 1P0age 2 of 2

June 13, 2023	CERTIFIED MAIL #7019 1640 0000 9209 7038

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

Item I Segment: Managing District: F.A.P.:
County Road: County: Parcel:

4056064
4
D418-081-B
510 (85th St/90th Ave.) Indian River
101, 800 Revised

Dear Mr. Bass,

As you may know, the Florida Department of Transportation (Department) will be making roadway improvements on County Road 510 at 85th Street and goui Avenue. Previously, the Department had determined that portions of your land identified by the parcel numbers referenced above are required to complete the planned improvement of the roadway and had delivered to you an offer to purchase these portions of property. Recent design changes have resulted in revisions being made to the Parcel 101 fee take and Parcel 800 permanent easement acquisition areas. The Parcel 101 fee take acquisition area has been reduced from 3.345 acres to 2.636 acres, and the Parcel 800 permanent easement acquisition area has been reduced from 0.507 acres to 6,582 square feet. This package represents the fair market Value offer to you for the purchase of these properties by the Department. Enclosed please find the following documents:

AGENCY DISCLOSURE FORM: This is a standard agency disclosure used in the real estate industry. HOR Engineering, Inc. is an agent representing the Department. Please sign the form, make a copy for your records and return in the pre-addressed envelope provided.

NOTICE TO OWNER: This notification is delivered simultaneously along with the offer to purchase your property, and includes the enclosed Acquisition Process pamphlet, provided for your reference to the Department's policies and procedures regarding the acquisition of property. Please sign the receipt form, make a copy for your records and return in the pre-addressed envelope provided.

STATEMENT OF OFFER: This is the Department's standard notification providing you with a breakdown of the compensation offered for the property to be acquired and serves to acknowledge your receipt of the offer. The summary of values shown in the Statement of Offer is based on the approved, independent appraisal. Please sign the receipt acknowledgement at the bottom of the page, make a copy for your records and return in the pre­ addressed envelope provided. This is not an agreement and in no way will bind you to a settlement.

PURCHASE AGREEMENT: The Department's Purchase Agreement provides a breakdown of the compensation provided for the property being acquired. The summary of values shown in the Purchase Agreement is based on the approved, independent appraisal.

LEGAL DESCRIPTION, APPRAISAL SKETCH, RIGHT-OF-WAY MAP(S): The enclosed legal description describes the area of land being acquired. The acquisition area is also illustrated in the enclosed appraisal sketch and is also shown on the enclosed right-of-way map.

TAXPAYER IDENTIFICATION FORM: This form is needed prior to closing to obtain your taxpayer identification number for the distribution of the closing proceeds, and so that proceeds of the sale may be reported in accordance with Internal Revenue Service and Florida State procedures. For an individual, this number is your social security number. This form is also required for any vendor providing services to you who is seeking compensation.

DONATION LETTER: This letter is to be used if you elect to donate the needed property to the Department, in lieu of receiving monetary compensation. If you elect to do so, please sign the donation letter, make a copy for your records, and return in the pre-addressed envelope provided.

hdrlnc.com
3250 Wesl Commercial Blvd., Suite 100 Fort Lauderdale, FL 33309
T 954.536.1676 F 954.233.4953

ITEM/SEGMENT: MANAGING DISTRICT: F.A.P.:
COUNTY ROAD: COUNTY: PARCEL:
Page 2 or 2

4056064
4
D418-081-B
510 (85°' St./90th Ave.)
Indian River 101,800

APPRAISAL: The approved, independent appraisal report obtained by the Department, on which the offer is based.

APPRAISAL DELIVERY RECEIPT: This form serves to acknowledge your receipt of the Department's appraisal. Please sign the receipt, make a copy for your records, and return in the pre-addressed envelope provided. A copy of any appraisal you may obtain should be provided to the Department upon completion, to aid in our negotiations.

I have attempted to explain each of the offer documents here, to help bring you a clear understanding of their purpose. I encourage you to fill out and return the enclosed questionnaire in the postage pre-paid envelope provided. This information will help us begin our efforts to reach an acceptable settlement with you for your property. Please feel free to call or email me in the event you require clarification on any of the documents provided, or to discuss any concerns or questions you may have. I look forward to working with you to reach a mutually agreeable settlement.

Sincerely,
�4J�
Mark Besoner
HOR Engineering, Inc. Right-of-Way Specialist (954) 233-4923
mark.besoner@hdrinc.com

Enclosures: As noted above

hdrlnc.com
3250 West Commercial Blvd., Suite 100 Fort Lauderdale, FL 33309
T 954.535.1876 F 954.233.4953

SUBJECT:	Item/ Segment:
F.A.P.:
County Road: County: Parcel:

4056064
D418-081-B
51O (85th St./901h Ave.) Indian River
101,800

IMPORTANT NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES PROVIDE THIS NOTICE TO POTENTIAL BUYERS AND SELLERS OF REAL ESTATE

NO BROKERAGE RELATIONSHIP NOTICE

FLORIDA LAW REQUIRES THAT REAL ESTATE LICENSEES WHO HAVE NO BROKERAGE RELATIONSHIP WITH A POTENTIAL SELLER OR BUYER DISCLOSE THEIR DUTIES TO SELLERS AND BUYERS

As a real estate licensee who has no brokerage relationship with you, HDR Engineering, Inc. and its associates owe to you the following duties:

Dealing honestly and fairly
Disclosing all known facts that materially affect the value of residential real property which are not readily observable to the buyer

Accounting for all funds entrusted to the licensee

Date	Property Owner Signature

hdrlnc.com
3250 West Commercial Blvd., Suite 100 Fort Lauderdale, FL 33309
T 954,535.1876 F 954.233.4953

RON DESANTIS GOVERNOR

7)
Florida Department of Transportation
3400 West Commercial Boulevard Fort Lauderdale, FL 33309

JARED W. PERDUE, P.E,
SECRETARY

NOTICE TO OWNER

FORM 575-030-310 RIGHT OF WAY - 10/17
Page 1 of2

June 13, 2023

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

ITEM/SEGMENT NO.: DISTRICT:
FEDERAL PROJECT NO.: STATE ROAD NO.: COUNTY:
PARCEL NO.:

4056064
4
D418-081-B
CR 51O (85th St./90111Ave.)
lndic1n River 101,800

Dear Mr. Bass,

The Florida Department of Transportation is planning the following improvement of the above referenced transportation facility:

Roadway Improvements on County Road 510 at 85111Street and 90th Avenue

Our research shows you own property needed for this project. This letter, along with the enclosed pamphlet entitled Acquisition Process, explains your rights and options and the process we must follow by law in acquiring your property. The following enclosed documents identify the property that is needed:

Legal Descriptions, Sketches, Right-of-Way Maps

We recognize that a proposed transportation project, particularly one which requires the acquisition of private property, will usually result in many questions and concerns. Please be assured you will have sufficient time to have your questions answered, to consider and understand your rights, options and responsibilities, and make all necessary arrangements. Throughout this process we will do our best to ensure your questions are answered, that you are treated fairly and receive all of the rights you are guaranteed by law, and that you receive a fair price for your property.

Under Federal and State law, you are entitled to certain rights and protections when the State must acquire real estate from you. The following is a summary of your rights:

You may obtain copies of the Department's appraisal, right of way maps and construction plans.
	We will make a written offer to you to purchase your property and will negotiate with you, in good faith, to reach a mutually acceptable purchase price.
If we cannot agree on a purchase price, we will not file a condemnation lawsuit until at least 30 days after you receive our initial written offer.
	You will receive no less than full compensation for the property acquired. Full compensation includes, the value of the real estate acquired together with damages, if any, to your remaining property.
	You may be eligible for relocation assistance benefits if you are required to move or move personal possessions from the property we acquire.
	You may receive reimbursement for reasonable attorney fees and other reasonable costs you incur for appraisal and other services associated with the Department's acquisition.

Your rights and options are more fully explained in the enclosed pamphlet entitled Acquisition Process. We encourage you to read this pamphlet carefully and contact us if you have any questions.

www.fdot.gov I w..vw.d4fdot.com

FORM 575-030-310 RIGHT OF WAY -10/17
Page 2of 2.

We want to negotiate with you for the purchase of your property. If you have questions about any aspect of our acquisition process or if you have information that would help us to determine a fair value for your property or help us provide service to you, please let us know. Regardless of whether we can reach agreement on the purchase of your property, we will do our best to be sensitive and responsive to youmeeds.

If you experience any problems, please do not hesitate to contact:
Joe Thompson. HOR Consultant Project Manager, (813) 262-2766, HOR Engineering, Inc., 4830 West Kennedy Blvd., Suite 400, Tampa, FL 33609

Sincerely,
,fj
Giancarlo Martinez
District Right of Way Manager By:	Mark Besoner
HOR Consultant Right-of-Way Agent

Enclosures: Acquisition Process Pamphlet Legal Descriptions
Sketches
Right-of-Way Maps

CC:  Records Management

Received by:			 Certified Mail Number: 7019 1640 0000 9209 7038 Date: 		 _

FDO-;r\)

PROPERTY/PROJECT INFORMATION LETTER

-

J

;;; ;;•-. ·-··-

:"
'I/'.t',: :.::;:;,:::-.;,:
" :::::::::=.::.

:::	.-.,	·.• ·-"	· ,.,.,	
li2		

We will provide a letter that includes information about the property we are seeking to acquire, no later than the time we
make you a written offer to purcha e you_r property. This letter will explain the nature of the
transportation project and will
describe the portion of your property we need to acquire.

We will also provide a point of contact for you located within the Office of Right of Way.

OWNER REPRESENTATIVE & CONDEMNATION

Property Owner Receives Notification from FOOT

 	
Property Owner Receives FOOT Offer
(BDsad on FDOT Appr.,/saQ

 	
Negotiation
{Mi11imum of 30 DDys)

FOOT Files Condemnation Suit

Re•I Estote Closing (Minimum of 30 D/1)'$ att.r Agroomont)

Agreement on
Prico

c.innot Reach Agrocmont

You may designate someone to represent you during negotiations and we will work with your representative to resolve any issues. If you choose to be represented by an attorney licensed to practice law in Florida, you will be reimbursed for reasonable fees paid to the at­ torney. However, the amount of fees paid by FOOT may be limited by law.
If we are unable to reach a mutually agreeable purchase price, we may choose to file a condemnation action, which will not occur less than 30 days from the date we make our written offer to purchase. But, FOOT will continue to negotiate with you or your representative throughout the litigation process.

The Florida Department of Transportation's (FOOT) mission is to provide a safe transportation system that ensures the mobility of people and goods, enhances economic prosperity and preserves the quality of our environment and communities.

To accomplish our mission, sometimes it is necessary for us to acquire private property. Because you are the owner of property that will be needed for a transportation facility, we have prepared this pamphlet to briefly explain our acquisition process as well as your rights and options.

PROPERTY APPRAISAL
Prior to making an offer to purchase your property, a real estate appraiser or other real estate expert will contact you to arrange an onsite inspection of the property.

We encourage you to be present during the inspection and to provide any information which might affect the value of your property. Should you choose to obtain your own appraisal and share this opinion with us, the opinion will be considered   during   the
negotiation  process.  Additionally,  FDOT  will
reimburse you for reasonable costs of obtaining reaI estate appraisers or other experts' services to assist you with assessing the value of the property we are acquiring.

OFFER TO PURCHASE

Our offer to purchase your property will be made in writing to you either in person or by certified mail and will not be less than the amount we have determined to be the fair market value of the property.

After you have reviewed our offer, you may choose to make a counteroffer. If you do so, we will consider your counteroffer and will seek to arrive at a mutually agreeable purchase price.

FOOT CONTACT INFORMATION
If you would like copies of the appraisal, right of way maps or construction plans, we will provide the documents within 15 days of your request. However, some of the documents may not be complete at the time of your request, but we will either inform you of when we will provide the completed version of the requested information or provide you the most recent Information available.
Please feel free to contact us if you have additional questions or if you need more information about the project or the acquisition process.

Continue

Chor1ctto, Coltlor. DeSoto, Glodo-s,
Hordoo, Hondry, Htghlond-,, Leo, Monotoo, Okoochoboo, Polk & Saro:;ota

(863) 519-2401

Court Ho:aring to Acquire Proporty in Ex
FDO'T's E$tin,,>IO of Voluo

Al c:hu.:i, 8.ikor, Bradford, Cloy, Colurnbf0. Olxlo, 01.Mll, Gllc:hrl:it. H0mllton, Lofayotto, Lovy, Madl:.on. N.J:;:;.iu. Putnam. S\lwannoo, St Jcho:.,
Taylor & Union,

(386) 758-3743

Boy, Co.lhoun, E:;c.:imblo, Fronldln, Gad:.don, Gulf, Holmo:., Jcck:.on, Jotrorson, Leon, Liberty, Okoloo , Sant.. Ro:;.:i,W.ikullo, Walton &
Wa-ahlngton

(850) 330-1250

BrowJrd, Palm Bcoc:h, Mortin, St Ludo e.  (954I 7TT-<242
lndkm Rlvor

Brovord, Fbgtor, l:lko, Morion, Ornngo, O:;coolo, Somlnolo, Sumtor S. Volu:.lo
Mi.iml-Ondo & Monroo

(3861943-5087 I
(305) 470-5150

Final Judgment by Court

Citru:i, Hornon.do, Hl11!iborough, Pil!iOO t.
Plnollo-:a

(813) 975-672'2

Tumplko I Any county on Flor1d:i':: Turm)lko	(407) 254-3438

Agreement on
Price

Ncgo6 tion$

chango for

Jury Oacidcs Price

Foo]]

CARTA INFORMATIVA SOBRE LA PROPIEDADY EL PROYECTO
Enviaremos una carta que incluira

REPRESENTANTE DEL PROPIETARIO Y
EXPROPIACION FORZOSA
Usteo puede designar a otra persona para que to represente durante las negociaciones y trabajaremos con

Propicbrio rccibc notitic.Jci6n dcl FOOT

:9:'-:-
;,,-

informaci6n sobre la propiedad que
planeamos adquirir, no mas tarde que

su representante para resolver cualquier problema. Si usted
decidiera ser representado par un abogado con licencia		

al tiempo en que le hagamos una
:-:::--.: :.=-:.2:::.:=..:i oferta por escrito para comprar su

para ejercer derecho en et estado de Florida, se le reembolsaran los honoraries razonables que usted le pague

Propicbrio rccibc orcru dct FOOT
(sogrin tllSDCi6n do( FDOT)

·.-.	-.· r .,_• •·1. i=·
?.::;.;.,j..::.!....:..·.,...

.-:.r.r.i.. .,::,.,.-·-··-

propiedad. En esta carta se explicara la  naturaleza  de!  proyecto  de

al abogado. No obstante, la suma de los honoraries		 pagados per el FDOT podria estar limltada por las !eyes.

--:: ._;l:.=..=.:.::
.-. .--·-··--·

transporte y se describira la porci6n de su propiedad que necesitaremos adquirir.

En case de que no llegaramos a un acuerdo mutuo sobre el precio de compra, podriamos decidir iniciar un proceso de expropiaci6n, lo cual no ocurrira antes de 30 d!as a partir de

Ncgociaci6n

Acue :bre .,  II	■:rm■ II N·uc

 	

(minima do 30 dfos}

La misi6n del Departamento de Transporte de Florida (FOOT) es proporcionar un Sistema de transporte seguro que garantice la movilidad de las personas y los bienes, mejore la prosperidad econ6mica y preserve la calidad de nuestro medio ambiente y nuestras comunidades.

A fin de cumplir con nuestra misi6n, en ocasiones nos vemos en la necesidad de adquirir propiedad privada. Puesto que usted es dueilo de una propiedad que se necesitara para una via de transporte, hemos preparado este panfleto en el que se explica brevemente nuestro proceso de adquisici6n, asi como sus derechos y opciones.

Asimismo le proporcionaremos un punto de contacto que este ubicado dentro de la oficina de servidumbre de paso {Office of Right of Way).

AVALUO DE LA PROPlEDAD
Antes de hacerle una oferta de compra de su propiedad, un {tasador) u otro experto en bienes y raices se pondra en contacto con usted para acordar una inspecci6n en persona de la propiedad.

Le aconsejamos que este presente durante la inspecci6n y proporcione cualquier informaci6n que pudiera afectar el valor de su propiedad. En case de que usted decida obtener su propio tasaci6n y compartir la con nosotros, esta sera tomada en cuenta durante el proceso de negocIacIon.  Adicionatmente,  el
FOOT le reembolsara el costo razonable de obtenci6n de la tasaci6n o servicios de otros expertos que le ayuden a determinar el valor de la propiedad que estamos adquiriendo.

OFERTA DE COMPRA

Le haremos nuestra oferta de compra de su propiedad por escrito, ya sea en persona o mediante correo certificado, y no por una suma menor a la que hayamos determinado como el valor de mercado justo de la propiedad.

Una vez que usted haya revisado nuestra oferta, puede optar por hacernos una contraoferta. Si asi lo hiciera, someteremos su contraoferta a consideraci6n y buscaremos llegar a un precio de compra de mutuo acuerdo.

la fecha en que le hagamos nuestra oferta de compra por escrlto. Sin embargo, el FDOT seguira negociando con usted o su representante durante todo et proceso de lltigio.
INFORMACION DE CONTACTO DEL FOOT
Si deseara tener copias de! avaluo, mapas de servidumbre de paso de via o los pianos de construcci6n, podemos ofrecene estos documentos en un lapse de 15 dias a partir de la fecha de solicitud. Sin embargo, es posible que algunos de estos documentos no esten listos al momenta de su solicitud, per lo que le inforrnaremos la fecha en que le enviaremos la versi6n completa de la inforrnaci6n soticitada o le suministraremos la inforrnaci6n mas actualizada que tengamos al alcance.

Chotlotlo, Colllor, DoSoto, Gl.ido::, Hordoo,
Hondr)', Hlghtonds, Loo, Manotoo.	I (863) 51'a 2401
Okoochoboo, Polk y Sorato:.o

Aloctivo, Bakor, Brodfora, Cloy, Columbia,
OOOo, Duval, Gllchn:.t. Hon1I1on.Lot.Jyotto. I  (386) 758--3743
L<lvy, Madison, Nassau, Putnam.
Suwannoo. St John:., To or v Ur,lon

Soy, Co.)h0Ul'I, E omblo, Fronkin, Gilds-- don, Gulf, Holmes, Jodc n. Joffc/'5,0n. loon, Uborty, Okt:llooso, Santa RO!lo, Wokul!o. Wotton y Wttshington

I (8SO) 330-12SO

Brcw::ird, P.::ilm Beach, Mi:utln, St Lucio y I 1•541m-<2•2
lndl:m RWor

8rov.1rd, Fbglor. Leko, Morion, Orongo,
O ooltl. Scminolo, Sumlar y Volu:.lo

(385) 9<3-S087

Mloml-D.1do y Monroe	(305) 470-5150

Citrus, Horrwndo, HHl:.bocough, P.i::.co y

I 1s131•1S-<1122

I Cuolqulor condodo on lo Tumplko do

-Pfn-ollo:i

Florido

I 140112fl.C.J4J5

Turnpike

No dude en contactamos si 1iene preguntas adicionales o necesita mas inforrnaci6n sobre el proyecto o el proceso de adquisici6n.

o0

FOOTinici.i proccso de cxprcp ci6n

Siguan bs

Ciom, de tnnsaccidn inmobili:lri; (minima de 30 d/llS dospuds) de/ ocuorrJo)

ncgoc cioncs

Audicnci:ajudlci-al p:ar:a .idqulrir propiod:ad a

Acue-rdo sobre el precio

Tribunal decide el preclo

Sentencia final del tribunal

cambio dcl v;;alor cstim:ado por cJFOOT

RON DESANTIS GOVERNOR

Florida Department of Transportation
3400 West Commercial Boulevard Fort Lauderdale, FL 33309

JARED W. PERDUE, P.E. SECRETARY

ACQUISITION PROCESS PAMPHLET RECEIPT

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

Item / Segment: Managing District: F.A.P.:
County Road: County: Parcel:

4056064
4
D418-081-B
510 (85th St./90th Ave.) Indian River
101,800

The Florida Department of Transportallon's (FDOTI mission Is to provide a salo transportation system that onsuros the mobility of people and goods, onhancos economic prosporlly and preserves tho quality or our envlronmenl and communllfes.
To accomplish our mission, somollmoo II Is Mcossary for us to acquire private property. Because you are the owner of property that will bo needed for a lranspo11ntlo11 facility, wo have prepared this pamphlet to briefly explain our acquisition process as well as your rlghlS and options.

Receipt Acknowledged: 	 _

Delivered By:

Signature
4J·

Print Name	Date

Mark Besoner

Signature	Print Name	Date

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 101	County Road 510	Indian River County

Fee Simple Right of Way

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (9oth Avenue), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the West One-Quarter (W 1/4) Corner of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest
One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of 275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course,
a distance of 50.00 feet to a point on the Easterly Existing Right of Way line of said County Road 510 (9oth Avenue) and the POINT OF BE:.GINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a non­ tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said curve, having a radius of 4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.09 feet to the end of said curve; thence North 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20'10" East; thence Southerly along said curve, having a radius of 4,915.00 feet, through a central angle 00°27'44'', an arc distance of 39.64 feet to the end of said curve; thence South 84°25'59" West, a distance of 15.00 feet to the beginning of a non-tangent curve concave Westerly, having a chord bearing of South 02°43'37" East; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angle 05°57'20''. an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of 396.01 feet the beginning of a curve concave Easterly,.having a chord bearing of South 08°28'07" East; thence Southeasterly along said curve, having a radius of 1,021.00 feet, through a central angle 17°26'14", an arc distance of 310.73 feet to the end of said curve; thence South 00"02'13" West, a distance of
176.92 feet; thence South 00°04'23" West, a distance of 232.35 feet; thence North 24°13'55 West a distance of
222.04 feet; thence North 89°47'48" West, a distance of 10.16 feet to a point on said Easterly Existing Right of Way line of County Road 510 (90th Avenue); thence North 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (90th Avenue), a distance of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or tess. AND
A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Flor1da, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (!;10th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00°11'50" East along the West llne of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89°48'1O" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 484A2 feet; thence North 89°47'48" West along a line at a right angle to the previously described course, a distance of
260.00 feet to the POINT OF BEGINNING; thence North 89°48'1O" West, a distance of 30.39 feet: thence South 00°35'00" West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" East, a distance of 34.08 feet; thence North 89°48'10" West, a distance of 27.82 feet; thence North 00°11'50" East, a distance of 381.76 feet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or less.

All together containing 2.636 acres, more or less

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 800	County Road 510	Indian River County

Perpetual Easement

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 Eas Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Stre(;!t), Item/Segment No. 4056064, Section 88050-2507, being mor:e particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00"11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89°48'1O" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (9oth Avenue); thence North 00"12'12" East along said Baseline of Survey of said County Road 510 {90th Avenue), a distance of 202.19 feet; thence South 89"47'48" East along a line at a right angle to the previously described course, a distance of
141.53 feet to the POINT OF BEGINNING; thence South 24"13'55" East, a distance of 25.33 feet; thence South 00"11'50" West, a distance of 23.79 feet; thence South 01°03;18" East, a distance of 272.06 feet; thence South 04"06'04" West, a distance of 20.14 feet to a point on the Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Northeasterly, having a chord bearing of North 60°03'36" West; thence Northwesterly along said curve and said Northerly Existing Right of Way line of County Road 510 (90th Avenue/B5th Street), having a radius of 140.99 feet, through a central angle 31"17'48", an arc distance of 77.01 feet to the end of said curve; thence North 45"35'19" East, a distance of 71.55 feet; thence North 00°11'50" East, a distance of 250.96 feet to the POINT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditch, or swale beneath the said property, together with the right of access, ingress, and egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure, along with any ott:1er incidences necessary or convenient in connection therewith,

Page 1 of 1

RON DESANTIS GOVERNOR

Florfrla Department of Transportation

JARED W. PERDUE, P.E. SECRETARY

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

Dear Mr. Bass,

ITEM/SEGMENT NO.: MANAGING DISTRICT:
F.A.P. NO.:
STATE ROAD NO.: COUNTY
PARCEL NO.:

 4056064	
4	
 D418-081-B	
 CR 510 (85th St./9oth Ave.)
 Indian River	
 101,800	

Subject: Public Disclosure Notice (For All Persons and Entities Except Trusts)

Section 286.23, Florida Statutes, (F.S.J requires persons or entities holding real property in the form of a corporation or partnership to disclose in writing, under oath, and subject to the penalties prescribed for perjury, his/her name and address and the names and addresses of every person having a beneficial interest in such property. The Department must receive disclosure at least 10 days prior to the real estate closing by which the Department acquires the property or within 48 hours after the Department deposits the required monies into the registry of the court pursuant to an Order of Taking in condemnation. To assist you in complying with the disclosure requirement, we have enclosed a copy of Section 286.23, F.S. and an affidavit for you to complete and return to this office at:
HOR Engineering, Inc., 3250 West Commercial Blvd., Suite 100, Fort Lauderdale, FL 33309	

Please Note:

You are not required to disclose a beneficial interest in an entity registered with the Federal Securities Exchange Commission or the Florida Department of Financial Services pursuant to Chapter 517, Florida Statutes, whose interest is for sale to the general public. For nonpublic entities, you are also not required to disclose persons or entities holding less than 5% of the beneficial interest in the disclosing entity.

If you have any questions please contact Mark Besoner, HOR Engineering, Inc., (954) 233.4923.
Sincerely,
Giancarlo Martinez	 District Right of Way Manager
By:		
Agent's Signature
Mark Besoner, HOR Consultant Right-of-Way Agent Name (Please Print or Type)

Enclosures: Section 286.23, Florida Statutes, Public Disclosure Affidavit (For All Persons and Entities Except Trusts)

Section 286.23, Florida Statutes

286.23 Real property conveyed to public agency; disclosure of beneficial interests; notice; exemptions.--

Any person or entity holding real property in the form of a partnership, limited partnership, corporation, trust, or any form of representative capacity whatsoever for others, except as otherwise provided in this section, shall, before entering into any contract whereby such real property held in representative capacity is sold, leased, taken by eminent domain, or otherwise conveyed to the state or any local governmental unit, or an agency of either, make a public disclosure in writing, under oath and subject to the penalties prescribed for perjury, which shall state his or her name and address and the name and address of every person having a beneficial interest in the real property, however small or minimal. This written disclosure shall be made to the chief officer, or to his or her officially designated representative, of the state, local governmental unit, or agency of either, with which the transaction is made at least 10 days prior to the time of closing or, in the case of an eminent domain taking, within 48 hours after the time when the required sum is deposited in the registry of the court. Notice of the deposit shall be made to the person or entity by registered or certified mail before the 48-hour period begins.

The state or local governmental unit, or an agency of either, shall send written notice by registered mail to the person required to make disclosures under this section, prior to the time when such disclosures are required to be made, which written request shall also inform the person required to make such disclosure that such disclosure must be made under oath, subject to the penalties prescribed for perjury.

(3)(a) The beneficial interest in any entity registered with the Federal Securities Exchange Commission or registered pursuant to chapter 517, whose interest is for sale to the general public, is hereby exempt from the provisions of this section. When disclosure of persons having beneficial interests in nonpublic entities is required, the entity or person shall not be required by the provisions of this section to disclose persons or entities holding less than 5 percent of the beneficial interest in the disclosing entity.

(b) In the case of an eminent domain taking, any entity or person other than a public officer or public employee, holding real property in the form of a trust which was created more than 3 years prior to the deposit of the required sum in the registry of the court, is hereby exempt from the provisions of this section. However, in order to qualify for the exemption set forth in this section, the trustee of such trust shall be required to certify within 48 hours after such deposit, under penalty of perjury, that no public officer or public employee has any beneficial interest whatsoever in such trust. Disclosure of any changes in the trust instrument or of persons having beneficial interest in the trust shall be made if such changes occurred during the 3 years prior to the deposit of said sum in the registry of the court.

(4) This section shall be liberally construed to accomplish the purpose of requiring the identification of the actual parties benefiting from any transaction with a governmental unit or agency involving the procurement of the ownership or use of property by such governmental unit or agency.

Hlstory.--ss.1, 2, 3, 4, 5, ch. 74-174; s. 1, ch. 77-174; s. 72, ch. 86-186; s. 7, ch. 91-56; s. 212, ch. 95-148.

RIGHT OF WAY
OGC-04122

ITEM/SEGMENT NO.: MANAGING DISTRICT:
F.A.P. NO.:
STATE ROAD NO.: COUNTY: PARCEL NO.:

 4056064	
4	
 D418-081-B	
 CR 510 (85th St./90th Ave.)
 Indian River	
 101,800	

Public Disclosure Affidavit (For All Persons and Entities Except Trust)

I, the undersigned, under penalty of perjury, affirm that I hold the title for, or represent

Name of Corporation, Partnership, etc. Affiant's Title (President, V.P., etc.)

inthe capacity of

and; my full name

and address is		

:	,	,	,	;and
Affiant's Name and Address

Name of Corporatlon, Partnership, etc.
the real estate described in Attachment "A" to this affidavit; and (select appropriate option)

holds legal title to

D	The names and addresses of all persons who hold a beneficial interest in the real estate are listed on
Attachment "B" to this affidavit.
D	All beneficial interests in the property are exempt from disclosure because the entity identified
above as the owner of the real estate is an entity registered with the Federal Securities Exchange Commission or the Florida Department of Financial Services pursuant to Chapter 517, Florida Statutes, whose interest is for sale to the general public.
D	This is a nonpublic entity, and I elect not to disclose the names of persons or entities holding less that 5% of the beneficial interest in this entity.

Affiant's Signature

STATE OF FLORIDA
COUNTY OF 	_

Print or Type Name of Affiant

The foregoing instrument was acknowledged before me by means of □ physical presence or □ online notarization, this
		dayof	 by 	as
(name or person)
		for	
{type of authority)	(name of party on behalf of whom inslniment was executed)

Signature of Notary Public - State of Florida: 	 _

(Print, Type, or Stamp Commissioned Name of Notary Public)
Personally Known	- OR Produced Identification   		_ Type of Identification Produced 	_

RIGHT Of WAY
OGC-04/22

Attachment A Insert Legal Description

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 101	County Road 510

Fee Simple RightofWay

Indian River County	Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way Map of County Road 510 {9oth Avenue), Item/Segment No. 4056064, Section 88060-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the West One-Quarter (W 1/4) Corner of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of 50.00 feet to a point on the Easterly Existing Right of Way line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said curve, having a radius of 4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.0.9 feet to the end of said curve; thence North 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20'1O" East; thence Southerly along said curve, having a radius of 4,915.00 feet, through a central angle 00°27'44", an arc distance of
39.64 feet to the end of said curve; thence South 84°25'59" West, a distance of 15.00 feet to the beginning of a non­ tangent curve concave Westerly, having a chord bearing of South 02°43'37" East; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angle 05°57'20", an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of 396.01 feet the beginning of a curve concave Easterly, having a chord bearing of South 08°28'07" Easf; thence Southeasterly along said curve, having a radius of 1,021.00 feet, through a central angle 17°26'14", an arc distance of 310.73 feet to the end of said curve; thence South 00°02'13" West, a distance of 176.92 feet; thence South 00"04'23" West, a distance of 232.35 feet; thence North 24°13'55 West a distance of 222.04 feet; thence North 89°47'48" West, a distance of 10.16 feet to a point on sa_id Easterly Existing Right of Way line of County Road 51O (90th Avenue); thence North 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (9oth Avenue), a distance of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or less. AND
A portion of land lying in the Southwest One-Quarter {SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), !tern/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00°11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 190.90 feet; thence South 89°48-'10" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (9oth Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 484.42 feel; thence North 89°47'48" West along a line at a right angle to the previously described course, a distance of 260.00 feet to the POINT OF BEGINNING; thence North 89°48'10" West, a distance of 30.39 feet; thence South 00°35'00" West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01"32'59" East, a distance of 34.08 feet; thence North 89°48'1O" West, a distance of 27.82 feet; thence North 00°11'50" East, a distance of 381.76 feet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or less.

All together containing 2.636 acres, more or less.

OGG-04122

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 800	Goµnty Road 51O

Perpetual Easement

Indian River County	Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Sectioh 26; thence North 00°11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 190.90 feet; thence South 89°48'10" East along a line at a right angle to the previously described course, a distance of 14,95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 202.19 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of 141.53 feet to the POINT OF BEGINNING; thence South 24°13'55" East, a distance of 25.33 feet; thence South 00°11'50'' West, a distance of 23.79 feet; thence South 01°03'18" Easl, a distance of 272.06 feet; thence South 04°06'04'' West, a distance of 20.14 feet to a point on the Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Northeasterly, having a chord bearing of North 60°03'36" West; thence Northwesterly along said curve and said Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street), having a radius of
140.99 feet, through a central angle 31°17'48". an arc distance of 77.01 feet to the end of said curve; thence North 45°35'19" East, a distance of 71.55 feet; thence North 00°11'50" East, a distance of 250.96 feet to the POINT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditch, or swale beneath the said property, together with the right of access, ingress, and egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining'canal and bridge structure, along with any ot11er incidences necessary or convenient in connection therewith.

OGC 04122

Attachment "8"

List name and address of every person having a beneficial interest in the real property.

Name

Name	(print)

(print)	Address

Address	
Name	(print)	
Address	

Name	
{print)	
Address	
Name	(print)	Address	

Name	
{print)	
Address	

Name	
(print)	
Address	

Name	
(print)	
Address	
Name	(print)	Address	
Name	(print}	Address	
Name	(print)	Address	
Name	(print)	Address	
Name	(print)	Address	
Name	(print)	Address	
Name	(print)	Address	
Name	(print}	Address	

Name	
(print)	
Address	

Name	
(print)	
Address	

Name	
(print)	
Address	

STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION
STATEMENT OF OFFER

575-030-08
RIGHT OF WAY
04/23

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

ITEM/SEGMENT NO.: DISTRICT:
FEDERAL PROJECT NO.: STATE ROAD NO.: COUNTY:
PARCEL NO.:

4056064
4
O418-081-B
CR 510 (851h St./901h Ave.)
Indian River 101

Dear Mr. Bass,

As you are probably aware, the State of Florida Department of Transportation is in the process of acquiring the needed right of way for the above referenced facility. A determination has been made that either a part or all of your property will be needed. A search of the Public Records of the County in which this property is situated has been made and it was determined that property is owned by you.

The interest being acquired in your property is: Fee Simple See attached "Exhibit A"

In addition, the following list will identify the buildings, structures, fixtures, and other improvements which are considered to be a part of the real property acquired, or personal property being acquired, if any: None.

The following items were excluded:	None.

You are further advised that the Department's offer of just compensation for the property required for the construction of this facility is based on the Fair Market Value of the property and that the Department's offer to you is not less than the approved appraised value of the property.

The following represents a summary of the Department's offer to you and the basis therefore:

Land	$ 267 600	
Improvements	$	0.00	
Real Estate Damages	$	0.00	
Total	$ 267 600	

This Statement of Offer is not a contract; if you agree to accept this offer, you will be required to sign a purchase agreement. Any additional information you may require can be obtained through the Department's Representative that contacted you. If that representative is not readily available, please contact:
Joe Thompson,. Consultant Right of Way Project Manager, HOR Engineering, Inc. at 4830 West Kennedy Blvd., Suite 400; Tampa, FL 33609 (813) 262-2766
Sincerely,
,{j
Giancarlo Martinez
District Right of Way Manager By:	Mark Besoner

HOR Consultant Right-of-Way Agent

		Mark Besoner			 		
Delivered By		Type or Print Name		Date	
Receipt Acknowledged By		Type or Print Name		
Date	

EXHIBIT "A"
Page 1 of 1

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 101	County Road 510	Indian River County

Fee Simple Right of Way

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped '1LB3608" marking the West One-Quarter (W 1/4) Corner of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12'' West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of 275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of 50.00 feet to a point on the Easterly Existing Right of Way line of said County Road 510 {9oth Avenue) and the POINT OF BEGINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a non­ tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said curve, having a radius of 4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.09 feet to the end of said curve; thence North 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20'1O" East; thence Southerly along said curve, having a radius of 4,915.00 feet, through a central angle 00°27'441', an arc distance of 39.64 feet to the end of said curve: thence South 84°25'59" West, a distance of 15.00 feet to the beginning of a non-tangent curve concave Westerly, having a chord bearing of South 02°43'3r East; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angle 05"57'20", an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of 396.01 feet the beginning of a curve concave Easterly, having a chord bearing of South 08°28'07" East; thence Southeasterly along said curve, having a radius of 1,021.00 feet, through a central angle 17°26'14", an arc distance of 310.73 feet to the end of said curve; thence South 00°02'13" West, a distance of
176.92 feet; thence South 00°04'23 West, a distance of 232.35 feet; thence North 24°13'55 West a distance of
222.04 feet; thence North 89°47'48" West, a distance of 10.16 feet to a point on said Easterly Existing Right of Way line of County Road 510 (90th Avenue); thence North 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (90th Avenue), a distance of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or less. AND
A portion of land lying in the Southwest One-Quarter {SW 1/4) of Section 26, Township 31 South, Range 38 East,
Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00°11'50" East along the West line of said Southwest One-Quarter (SW 1/4} of Section 26, a distance of
190.90 feet; thence South 89°48'1O" East along a line at a right angle to the previously described course, a distance of 14,95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (9oth Avenue), a distance of 484.42 feet; thence North 89°47'48" West along a line at a right angle to the previously described course, a distance of
260.00 feet to the POINT OF BEGINNING; thence North 89°48'1O" West, a distance of 30.39 feet; thence South 00°35'00" West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" East, a distance of 34.08 feet; thence North 89°48'10" West, a distance of 27.82 feet; thence North 00°11'50" East, a distance of 381.76 feet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or !ess.

All together containing 2.636 acres, more or less.

STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION
STATEMENT OF OFFER

575-030-08
RIGHT OF WAY
04/23

Sebastian River Improvement District Jeff E. Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

ITEM/SEGMENT NO.: DISTRICT:
FEDERAL PROJECT NO.: STATE ROAD NO.: COUNTY:
PARCEL NO.:

4056064
4
D418-081-B
CR 510 (85th St.190th Ave.) Indian River
800

Dear Mr_ Bass,

As you are probably aware, the State of Florida Department of Transportation is in the process of acquiring the needed right of way for the above referenced facility. A determination has been made that either a part or all of your property will be needed. A search of the Public Records of the County in which this property is situated has been made and it was determined that property is owned by you.

The interest being acquired in your property is: Permanent Easement See attached "Exhibit A"

In addition, the following list will identify the buildings, structures, fixtures, and other improvements which are considered to be a part of the real property acquired, or personal property being acquired, if any: None.

The following items were excluded:	None.

You are further advised that the Department's offer of just compensation for the property required for the construction of this facility is based on the Fair Market Value of the property and that the Department's offer to you is not less than the approved appraised value of the property.

The following represents a summary of the Department's offer to you ;:ind the basis therefore:

Land	$ 13 900	
Improvements	$	0.00	
Real Estate Damages	$	0.00	
Total	$ 13 900	

This Statement of Offer is not a contract; if you agree to accept this offer, you will be required to sign a purchase agreement. Any additional information you may require can be obtained through the Department's Representative that contacted you. If that representative is not readily available, please contact:
Joe Thompson, Consultant Right of Way Project Manager, HOR Engineering. Inc. at 4830 West Kennedy Blvd.• Suite 400: Tampa, FL 33609 (813) 262-2766
Sincerely,
43
Giancarlo Martinez
District Right of Way Manager By:	Mark Besoner

HOR Consultant Right-of-Way Agent

		Mark Besoner			 		
Delivered By		Type or Print Name		Date	
Receipt Acknowledged By		Type or Print Name		Date	

EXHIBIT "A"
Page 1 of 1

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 800	County Road 51O	Indian River County

Perpetual Easement

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00"11'50'' East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89°48'1O" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 {90th Avenue); thence North 00"12'12" East along said Baseline of Survey of said County Road 510 (9Dlh Avenue), a distance of 202.19 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of
141.53 feet to the POINT OF BEGINNING; thence South 24°13'55" East, a distance of 25.33 feet; thence South 00°11'50" West, a distance of 23.79 feet; thence South 01°03'18" East, a distance of 272.06 feet; thence South 04°06'04" West, a distance of 20.14 feet to a point on the Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Northeasterly, having a chord bearing of North 60°03'36" West; thence Northwesterly along said curve and said Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street), having a radius of 140.99 feet, through a central angle 31°17'48", an arc distance of 77.01 feet to the end of said curve; thence North 45°35'19" East, a distance of 71.55 feet; thence North 00°11'50'' East, a distance of 250.96 feet to the POINT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditch, or swa!e beneath the said property, together with the right of access, ingress, and egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure, along with any other incidences necessary or convenient in connection therewith.

Page 1 of 1

Item/Segment No. 4056064
Section 88050-2507
11-02-2022
Parcel No. 101	County Road 51o	Indian River County

Fee Simple Right of Way

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County. Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the West One-Quarter (W 1/4) Corner of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of 275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of 50.00 feet to a point on the Easterly Existing Right of Way line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a non­ tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said curve, having a radius of 4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.09 feet to the end of said curve; thence North 84°53;42" East. a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20'10" East; thence Southerly along satd curve, having a radius of 4,915.00 feet, through a central angle 00°27'44'\ an arc distance of 39.64 feet to the end of said curve; thence South 84°25'59" West, a distance of 15.00 feet to the beginning of a non-tangent curve concave Westerly, having a chord bearing of South 02°43'37" East; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angte 05°57'20'', an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of 396.01 feet the beginning of a curve concave Easterly, having a chord bearing of South 08°28'07'' East; thence Southeasterly along said curve, having a radius of 1,021.00 feet, through a central angle 17°26'14", an arc distance of 310.73 feet to the end of said curve; thence South 00°02'13" West, a distance of
176.92 feet; thence South 00°04'23" West, a distance of 232.35 feet; thence North 24°13'55 West a distance of
222.04 feet; thence North 89°47'48" West, a distance of 10.16 feet to a point on said Easterly Existing Right of Way line of County Road 51a (90th Avenue); thence North 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (90th Avenue), a distance of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or less. AND
A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East,
Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00Q11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89Q48'10" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), c1 distance of 484.42 feet; thence North 89"47'48" West along a line at a right angle to the previously described course, a distance of
260.00 feet to the POINT OF BEGINNING; thence North 89°48'10" West, a distance of 30.39 feet; thence South 00"35'00'' West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" East, a distance of 34.08 feet; thence North 89°48'10" West. a distance of 27.82 feet; thence North 00°11'50" East, a distance of 381.76 feet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or less.

All together containing 2.636 acres, more or less.

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 800	County Road 510	Indian River County

Perpetual Easement

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) .of Section 26, Township 31 South, Range 38 .East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Flight of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4» concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00"11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89°48'10'' East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 202.19 feet; thence South 89"47'48" East along a line at a right angle to the previously described course, a distance of
141.53 feet to the POINT OF BEGINNING; thence South 24"13'55" East, a distance of 25.33 feet; thence South 00"11'50" West, a distance of 23.79 feet; thence South 01°03'18" East, a distance of 272.06 feet; thence South 04°06'04" West, a distance of 20.14 feet to a point on the Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Northeasterly, having a chord bearing of North 60"03'36" West; thence Northwesterly along said curve and said Northerly Existing Right of Way line of County Road 510 (9oth Avenue/85th Street), having a radius of 140.99 feet, through a central angle 31°17'48", an arc distance of 77.01 feet to the end of said curve; thence North 45°35'19" East, a distance of 71.55 feet; thence North 00°11'50" East, a distance of 250.96 feet to the POINT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditch, or swale beneath the said property, together with the right of access, ingress, and egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure, along with any other incidences necessary or convenient in connection therewith,

Page 1 of 1

Page 33

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Page 34

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RIGHT, OF WAY MAP

1tAV1.'T' 11w11.,.	""°'MO C1\lt..-o"

FLORIDA DEPARTMENT OF TRANSPORTATION

SURVEYING ANO MAPPJNG

-H ··4(M :Jr>t'	lr.llnl

FED. PROJ. Dilll-<1111•8, 0,21-113-A

C.R. S10 IIJSth STIU!:ET' / 90tb AVENUE)

INDCAN R  COUNTY I F,11. NO. 40560&-c

- t ua>8'r
SECllOM 8D050-i.507 I wa

l),tlA-.cu,c:IJ

SHCCT I Of 15

STATE OF flORlDA DEPARTMENT OF TRANSPORTATION
PURCHASE AGREEMENT

ITEM SEGMENT NO.: DISTRICT:
FEDERAL PROJECT NO.: STATE ROAD NO.; COUNTY:
PARCEL NO.:

575-030-07a RIGHT OF WAY OGC~ 10116
Paga 1 of4

4056064	
4	
 D418-081-B	
CR 510 (85th St./90lh Ave.)
Jndian River	
101	

Seller: Sebastian River Improvement District, a drainage district organized and existing under the General Drainage Laws of the State of Florida, also known as Sebastian River Water Control District, formerly known as Sebastian River Drainage District.

Buyer: State of Florida, Department of Transportation

Buyer and Seller hereby agree that Seller shall self and Buyer shall buy the following described property pursuant to the following terms and conditions:

I.

Description of Property:

Estate Being Purchased: [g] Fee Simple	D Pennanent Easement	D Temporary Easement	O Leasehold
Real Property Described As: See Exhibit "A". attached hereto and made part hereof.

Personal Property: N=o ne

Outdoor Advertising Structure(s) Permit Number(s): -'--'N=o-'-'n=e	 _

Buildings, Structures, Fixtures and Other Improvements Owned By Others:N=o"""ne"'"	­
These items are NOT included in this agreement. A separate offer is being, or has been, made for these items.

II.	PURCHASE PRICE
(a)	Real Property

(b)
(c).

(d)

Land Improvements
Real Estate Damages (Severance/Cost-to-Cure)
Total Real Property Total Personal Property Fees and Costs
Attorney Fees
Appraiser Fees
NIA	
N/A	
.:....:N=/A-'	Fee(s)
Total Fees and Costs Total Business Damages Total of Other Costs
List: .:....:N=/A...,	_
N/A	

$ 267,600.00	
2,  $ o_oo
$ 0.00	

$ 267,600.00
$ 0.00	

$ 0.00	
$ 0.00	

$=0-=0=-0	
$	0- 00 ----
$ 0-=0 0	
$ =0-=0 0	

Total Purchase Price	(Add Lines 4, 5, 9, 10 and 11)
Total Global Settlement Amount
Portion of Total Purchase Price or Global Settlement Amount to be paid to Seller by Buyer at Closing
Portion of Total Purchase Price or Global Settlement Amount to be paid to Seller by Buyer upon surrender

$267,600.00

$ 267 600.00

$ 0.00

of possession or .:. N-"-/A_,	 _

IIL	Conditions and Limitations

Seller is responsible for all taxes due on the property up to, but not including, the day of closing.

575-030-07a RIGHT OF WAY OGC~10/16
Page 2 of4

	Seller is responsible for delivering marketable tltle to Buyer. Marketable title shall be determined according to applicable title standards adopted by the Florida Bar in accordance with Florida Law subject only to those exceptions that are acceptable to Buyer. Seller shall be liable for any encumbrances not disclosed in the public records or arising after closing as a result of actions of the Seller.

Seller shall maintain the property described in Section I of this agreement until the day of closing. The property shall be maintained in the same condition existing on the date of this agreement, except for reasonable wear and tear.

	Any occupancy of the property described in Section I of this agreement by Seller extending beyond the day of closing must be pursuant to a lease from Buyer to Seller.

The property described in Section I of this agreement is being acquired by Buyer for transportation purposes under threat of condemnation pursuant to Section 337.25 Florida Statutes.

	Pursuant to Rule 14-10.004, Florida Administrative Code, Seller shall deliver completed Outdoor Advertising Permit Cancellation Form(s), Form Number 575-070-12, executed by the outdoor advertising permit holder(s) for any outdoor advertising structure(s) described in Section I of this agreement and shall surrender, or account for, the outdoor advertising permit tag(s) at closing.

Seller agrees that the real property described in Section I of this agreement shall be conveyed to Buyer by conveyance instrument(s) acceptable to Buyer.

	Seller and buyer agree that this agreement represents the full and final agreement for the herein described sale and purchase and no other agreements or representations, unless incorporated into this agreement, shall be binding on the parties.

Other: Buyer and Seller agree that all fees and costs, or business damage claims associated with this agreement are identified in Section II of this agreement.

Seller and Buyer agree that a real estate closing pursuant to the terms of this agreement shall be contingent on delivery by Seller of an executed Public Disclosure Affidavit in accordance with Section 286.23, Florida Statutes.

Closing Date

The closing will occur no later than 60 days after Final Agency Acceptance.

Typewritten or Handwritten Provisions

Any typewritten or handwritten provisions inserted into or attached to this agreement as addenda must be initialed
by both Seller and Buyer.
D There is an addendum to this agreement. Page NIA is made a part of this agreement.
[SJ There is not an addendum to this agreement.

515-030-0?a.
R!GHTOFWAY OGC-10116
Page 3 of4

Seller and Buyer hereby acknowledge and agree that their signatures as Seller and Buyer below constitute their acceptance of this agreement as a binding real estate contract.

It is mutually acknowledged that this Purchase Agreement is subject to Final Agency Acceptance by Buyer pursuant to Section 119.0711, Florida Statutes. A closing shall not be conducted prior to 30 days from the date this agreement is signed by Seller and Buyer to allow public review of the transaction, Final Agency Acceptahce shall not be withheld by Buyer absent evidence of fraud, coercion, or undue influence involving this agreement. Final Agency Acceptance shall be evidenced by the signature of Buyer in Section VII of this agreement.

Seller(s)	Buyer

State of Florida Department of Transportation
Signature	Date

BY: 	
Type or Print Name	Signature	Date

Signature	Date	Type or Print Name and Title

Type or Print Name

FINAL AGENCY ACCEPTANCE

The Buyer has granted Final Agency Acceptance this 		day of 	_

BY: 		_		 Signature		 Type or Print Name and Title

Legal Review;

Date

Type or Print Name and Title

SELLER(S):

ADDITIONAL SIGNATURES

575-030-07
RIGHT OF WAY
OGC-12/09
Pag&4 of 4

 	
Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	bate

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

EXHIBIT "A"
Page 1 of 1

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 101	County Road 51O	lnclian River County

Fee Simple Right of Way

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the West One-Quarter (W 1/4) Corner of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Baseline of Survey of County Road 51O (90th Avenue), a distance of 275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of 50.00 feet to a point on the Easterly Existing Right of Way line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a non­ tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said curve, having a radius of 4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.09 feet to the end of said curve; thence North 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20'1O" East; thence Southerly along said curve, having a radius of 4,915.00 feet, through a central angle 00°27'44", an arc distance of 39.64 feet to the end of said curve; thence South 84°25'59" West, a distance of 15.00 feet to the beginning of a non-tangent curve concave Westerly, having a chord bearing of South 02°43'37" East; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angle 05"57'20", an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of 396.01 feet the beginning of a curve concave Easterly, having a chord bearing of South 08°28'07" East; thence Southeasterly along said curve. having a radius of 1,021.00 feet, through a central angle 17°26'14", an arc distance of 310.73 feet to the end of said curve; thehce South 00"02'13" West, a distance of
176.92 feet; thence South 00°04'23" West, a distance of 232.35 feet; thence North 24°13'55 West a distance of
222.04 feet; thence North 89°47'48" West, a distance of 10.16 feet to a point on said Easterly Existing Right of Way line of County Road 510 (90th Avenue); thence North 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (90th Avenue), a distance of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or less.

AND

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest {SW) Corner of said Section 26; thence North 00°11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 190..90 feet; thence South 89°48'10" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (9oth Avenue), a distance of 484.42 feet; thence North 89°47'48" West along a line at a right angle to the previously described course, a distance of
260.00 feet to the POINT OF BEGINNING; thence North 89°48'10" West, a distance of 30.39 feet; thence South 00°35'00" West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" East, a distance of 34.08 feet; thence North 89°48'1O" West, a distance of 27.82 feet; thence North 00°11'50" East, a distance of 381.76 feet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or less.

All together containing 2.636 acres, more or less.

STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION
PURCHASE AGREEMENT

ITEM SEGMENT NO.: DISTRICT:
FEDERAL PROJECT NO.'. STATE ROAD NO.: COUNTY:
PARCEL NO.:

575-030-07a RIGHT OF WAY OGC-10116
Page 1 pf4

4056064	
4	
D418-081-B	
CR 510 (85th St./90th Ave.)	 Indian River	 800	 

Seller: Sebastian River Improvement District, a drainage district organized and existing under the General Drainage Laws of the State of Florida, also known as Sebastian River Water Control District, formerly known as Sebastian River Drainage District.

Buyer: State of Florida, Department of Transportation

Buyer and Seller hereby agree that Seller shall sell and Buyer shall buy the following described property pursuant to the following terms and conditions:

Description of Property:
Estate Being Purchased: D Fee Simple	tg} Permanent Easement	D Temporary Easement	D Leasehold
Real Property Described As: See Exhibit "A", attached hereto and made part.hereof.

Personal Property: .,_,N=o.,_,_ne-=---------------------------------

Outdoor Advertising Structure(s) Permit N.umber(s):	N  o  n=e-------  ----------

Buildings, Structures, Fixtures and Other Improvements Owned By Others: N o n e	_ These items are NOT included in this agreement. A separate offer is being1 or has been, made for these items.

11.	PURCHASE PRICE		
	(a)	Real Property
Land	
1.  $	
13,900.00	
	Improvements	2.  $	0.00		
	Real Estate Damages (Severance/Cost-to-Cure)
Total Real Property	3. $
4. $	0.00	

13,900.00		
	(b)	Total Personal Property	5.  $	0.00		
	(c)	Fees and Costs
Attorney Fees	
6.  $	
0.00		
	Appraiser Fees
NIA		7.  $	0.00		
	N/A	
N=/A	Fee(s)	
8.	$	
0.00		
	Total Fees and Costs	9.  $	0.00		
	(d)	Total Business Damages	10. $	0.00		
	(e)	Total of Other Costs	11. $	0.00		
	List: --'N=/A	­			

N/A	
Total Purchase Price  (Add Lines 4, 5.. 9, 10 and 11)
Total Global Settlement Amount
Portion of Total Purchase Price or Global Settlement Amount to be paid to Seller by Buyer at Closing
Portion of Total Purchase Price or Global Settlement Amount to be paid to Seller by Buyer upon surrender of possession or N /A ------

$ 13,900.00

$ 13 900.00	

$ 0.00	

Page 2 014

Ill,	Conditions and Limitations

Seller is responsible for all taxes due on the property up to, but not including, the day of closing.

	Seller is responsible for delivering marketable title to Buyer. Marketable title shall be determined according to applicable title standards adopted by the Florida Bar in accordance with Florida Law subject only to those exceptions that are acceptable to Buyer. Seller shall be liable for any encumbrances not disclosed in the public records or arising after closing as a result of actions of the Seller,

	Seller shall maintain the property described in Section I of this agreement until the day of closing. The property shall be maintained in the same condition existing on the date of this agreement, except for reasonable wear and tear.

Any occupancy of the property described in Section I of this agreement by Seller extending beyond the day of closing must be pursuant to a lease from Buyer to Seiter.

	The property described in Section l of this agreement is being acquired by Buyer for transportation purposes under threat of condemnation pursuant to Section 337.25 Florida Statutes.

Pursuant to Rule 14-10.004, Florida Administrative Code, Seller shall deliver completed Outdoor Advertising Permit Cancellation Form(s), Form Number 575-070-12, executed by the outdoor advertising permit holder(s) for any outdoor advertising structure(s) described in Section I of this agreement and shall surrender, or account for, the outdoor advertising permit tag(s) at closing.

	Seller agrees that the real property described in Section I of this agreement shall be conveyed to Buyer by conveyance instrument(s) acceptable to Buyer.

	Seller and buyer agree that this agreement represents the full and final agreement for the herein described sale and purchase and no other agreements or representations, unless incorporated into this agreement, shall be binding on the parties.

Other: Buyer and Seller agree that all fees and costs, or business damage claims associated with this agreement are identified in Section II of this agreement.

	Seller and Buyer agree that a real estate closing pursuant to the terms of this agreement shall be contingent on delivery by Seller of an executed Public Disclosure Affidavit in accordance with Section 286.23, Florida Statutes.

IV.	Closing Date

The closing will occur no later than 60 days after Final Agency Acceptance.

V,	Typewritten or Handwritten Provisions

Any typewritten or handwritten provisions inserted into or attached to this agreement as addenda must be initialed by both Seller and Buyer.
D There is an addendum to this agreement. Page NIA is made a part of this agreement.
18] There is not an addendum to this agreement.

Page 3 or 4

Seller and Buyer hereby acknowledge and agree that their signatures as Seller and Buyer below constitute their acceptance of this agreement as a binding real estate contract.

It is mutually acknowledged that this Purchase Agreement is subject to Final Agency Acceptance by Buyer pursuant to Section 119.0711, Florida Statutes. A closing shall not be conducted prior to 30 days from the dale this agreement is signed by Seller and Buyer to allow public review of the transaction. Final Agency Acceptance shall not be withheld by Buyer absent evidence of fraud, coercion, or undue influence involving this agreement. Final Agency Acceptance shall be evidenced by the signature of Buyer in Section VII of this agreement.

Seller(s)	Buyer

Signature	Date

Type or Print Name

State of Florida Department of Transportation

BY: 	 _
Signature	Date

 	
Signature	Date	Type or Print Name and Title

Type or Print Name

FINAL AGENCY ACCEPTANCE

The Buyer has granted Final Agency Acceptance this 		day of 	_
BY: 	 _
Signature	Type or Print Name and Title

LegalReview:

Date

Type or Print Name and Title

SELLER(S):

ADDITIONAL SIGNATURES

OGC ~ 12/09
Page 4 of4

 	
Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

Signature	Date	Signature	Date

Type or Print Name	Type or Print Name

EXHIBIT HA"
Page 1 of 1

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Parcel No. 800	County Road 51O	Indian River County

Perpetual Easement

Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found 4"x4" concrete monument marking the Southwest (SW) Corner of said Section 26; thence North 00°11'50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of
190.90 feet; thence South 89°48'1O" East along a line .at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 202.19 feet; thence South 89"47'48" East along a line at a right angle to the previously described course, a distance of
141.53 feet to the POINT OF BEGINNING; thence South 24°13'55" East, a distance of 25.33 feet; thence South 00"11'50" West, a distance of 23.79 feet; thence South 01°03'18" East, a distance of 272.06 feet; thence South 04°06'04" West, a distance of 20.14 feet to a point on the Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Northeasterly, having a chord bearing of North 60"03'36'' West; thence Northwesterly along said curve and said Northerly Existing Right of Way line of County Road 510 (90th Avenue/85th Street), having a radius of 140.99 feet, through a central angle 31°17'48", an arc distance of 77.01 feet to the end of said curve; thence North 45°35'19" East, a distance of 71.55 feet; thence North 00"11'50" East, a distance of 250.96 feet to the POINT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditch, or swaie beneath the said property, together with the right of access, ingress, and egress, and
the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure, along with any other incidences ne.cessary or convenient in connection therewith.

Page 1 of 1

.STATE OFFLORIDA DEPARTMENT OF TRANSPORTATION
REQUEST FOR TAXPAYER IDENTIFICATION NUMBER

575-030-27
R1GHTOFWAY
10/16

Sebastian River Improvement District Jeff Bass, Chairman
c/o Special District Services, Inc. 2501 Burns Road. Suite A
Palm Beach Gardens, FL 33410-5207

ITEM/SEGMENT NO,; MANAGING DISTRICT:
F.A.P. NO.:
STATE ROAD NO.: COUNTY: PARCEL NO.:

 4056064	
 4	
 D418-081-B	
CR 510 (85th St./901h Ave)

 Indian River	
 101,800	

The Florida Department of Transportation will be acquiring, or has acquired property owned by you for a transportation project or will be processing a payment to you related to the above referenced parcel. Federal regulations require that we report this transaction to the Internal Revenue Service (IRS), therefore we must obtain your correct Taxpayer Identification Number (TIN}.

If you fail to furnish your correct TIN you may be subject to an IRS penalty. Willfully falsifying certifications or affirmations may subject you to criminal penalties including fines and/or imprisonment.

See the attached instruction for how to enter names and TINs. If you have any questions please let us know.

Name	Phone Numbe.r	
Business Name, if different from above	Phone Number	
Address (number, street, and apt. or suite no.)	OWNERSHIP INTEREST
Sole Owner
Part Owner with	% interest
Not Applicable (Vendor Only)	
City, State, and ZIP Code		
TAXPAYER IDENTIFICATION NUMBER (TIN)
For individuals, this is your social securlty number (SSN):
For other entities, it is your employer identification number (EIN):
If you do not have a TIN, see attached instructions for How to et a TIN.

Below, choose one number that accurately describes the business or the individual.
01 · CORPORATION, PROFESSIONAL ASSOCIATION OR PROFESSIONALCORPORATION
(A corporation formed under the laws of any state within the United states.)
0 2 - NOT FOR PROFIT CORPORATION (Section 501(c)(3) Internal Revenue Code)
0 3 - PARTNERSHIP, JOINT VENTURE, ESTATE, TRUST OR MULTIPLE MEMBER LLC
0 4 • INDIVIDUAL, SOLE PROPRIETOR, SELF EMPLOYED OR SINGLE MEMBER LLC
0 5 - NONCORPORATE RENTAL AGENT
0 6 • GOVERNMENTAL ENTITY (City, County, State or U.S. Government)
0 7 - FOREIGN CORPORATION OR ENTITY (A foreign entity formed under the laws or a country other than the United States.) If YES 1s marked below, complete and attach Form W-BECI.
Is income effectively connected with business in the United Slates?	D YES D NO
D 8 - NONRESIDENT ALIEN (An individual temporarily In the U.S. who is not a U.S. citizen or resident.)

CERTIFICATION
Under penalties of perjury, I certify that the number shown on this form Is my correct taxpayer identification number (or I am waiting for a number to be issued to me).

Sign Here 	 _

Date		

Title	Email (optional)

STATE OF·fLORIDA DEPARTMENT OF rnANSPORTATION
REQUEST FOR TAXPAYER IDENTIFICATION NUMBER

5.75-030-27
RIGHT OF WAY
10/16

Instructions for
Names and Taxpayer Identification Numbers

Individuals should enter the name shown on your social security card, If you have changed your fast name due to marriage without informing the Social Security .Administration of the name change, enter your first name, the -last name. shown on your social security card, and your new last name.
2, Married Couples should give the name and SSN of either person.
Custodian Accounts (Guardianship) must give the ward's name and SSN. Do not furnish the TIN of the guardicln,
For a Trust Account that is not a legal or valid trust under state law, glve the name and SSN of the actual owner.
Limited Liability Company (LLC) - If a single-member LLC (including a foreign LLC wlth a domestic owner) disregarded as an entity separate from its owner under Treasury regulations section 301.7701-3, enter the owner's name on the "Name'' line and enter the LLC name on the "Business Name" line. You may use either your SSN or EIN, If the LLC is a corporation, partnership, etc., enter the entity's EIN.
For a Sole Proprietor or a Single-Owner LLC enter your individual name as shown on your social securltycard. You may enter your business, trade, or "doing business as (OBA) name on the "Business name" line, You may enter either your SSN or EIN (if you have one). The IRS prefers that you use your SSN.
For a Valid Trust, name the trust and give the EIN for the trust. Do not furnish the TIN of the trustee.
For an Estate, the name should be shown as "The estate of (name of decedent)". Give the SSN of the decedent if he/she died in the calendar year of the closing. Give the EIN for the estate for any subsequent years following the death of the decedent. Do not furnish the TIN of the personal representative.
For an Association, Club, Religious, Charitable, Educational, or other tax-exempt organization, give the name and EIN of the organization.
1O. For a Partnership or Multi-Member LLC give the name and EIN for the partnership, or LLC.

If you do not have a TIN, apply for one immediately. To apply for an SSN, get Form SS-5, Application for a Social Securlty Card, from your local Social Security Administration office or by calling 1-800-772-1213. Use Form W 7, Application for IRS Individual Taxpayer ldentlfication Number, to apply for an ITIN, or Form SS-4, Application for Employer Identification Number, to apply for an EIN. You can get Forms W-7 and SS-4 from the IRS by calling 1-800- TAX-FORM (1-800-829-3676) or from the IRS Web Site at www.irs.gov.

If you do not have a TIN, write "Applied For" in the space for the TIN, sign and date the form. Note: Writing "Al)plied For" means that you have already applied for a TIN or that you intend to apply for one soon.

RON DESA TIS
GOVERNOR

FDOB)

Florida Department of Transportation

...

Office of Right of Way
3400 West Commercial Boulevard l'ort Lauderdale, FL 33309-3421

575-030-12
RIGHT OF WAY
OGC-04122

JARED W. PERDUE, P.E.
SECRETARY

Donation of Property to the Florida Department of Transportation
Sebastfan Riv r Improvement District	ITEM/SEGMENT NO.·	4056064
Jeff Bass, Chairman	·	-------------
c/o Special District Services, Inc.	MANAGING DISTRICT:	4
2501 Burns Road. Suite A	-------------

Palm Beach Gardens, FL 33410-5207	F.A.P. NO.:
STATE ROAD NO.: COUNTY:
PARCEL NO.: INTEREST CONVEYED:

_D_4c_1_8_-0_8_1_-B	 _
 CR 510 (85th St./90th Ave.)
 Indian River	
 101 800	
 Fee Simple

 Permanent Easement	

This is to advise that the undersigned, as owner of the property or property interest referenced above and as shown on Right of Way maps for referenced project, desires to make a voluntary donation of said property or property interest to the State of Florida for the use and benefit of the Florida Department of Transportation.

The undersigned hereby acknowledges that he/she has been fully advised by a Department representative of his/her right to have the referenced property or property interest appraised, to accompany the appraiser during the appraisal inspection of the property, to receive full compensation for the above referenced property, and to receive reimbursement for reasonable fees and costs incurred, if any. Having been fully informed of the above rights, I hereby waive those rights unless otherwise noted below.

Owner's Signature

Type or Print Property Owner's Name

Street Address

City, State, Zip Code

Date

Florida Department of Transportation

INSTRUCTIONS FOR COMPLETION OF THE DONATION OF PROPERTY TO THE
FLORIDA DEPARTMENT OF TRANSPORTATION (FORM 575-030-12)
This form should be printed on official DOT letterhead.

575-030-12
RIGHT OF.WAY
OGC-04/22

DATE AND INSIDE ADDRESS:

PROJECT/PARCEL INFORMATION:

OWNER'S SIGNATURE BLOCK:

ORIGINAL: COPIES:

Space is provided for a date and inside address of the property owner.

The following information can be located in the legal documents and Right of Way map for each project and is required on official Department forms:

Item/Segment No. Managing District
F.A.P. No.
State Road No. County
Parcel No.

The owner must sign and provide an address and date before the Department can accept the donation.

Parcel File Owner(s)

REQUEST FOR APPRAISAL FEE OWNER

The Florida Department of Transportation Office of Right of Way
3400 West Commercial Boulevard Fort Lauderdale, FL 33309

SUBJECT:	Request for Appraisal - Fee Owner
Item/Segment #:	4056064
County Road No.: 510 {85th St./90th Ave.) County:	Indian River
Parcel No,:	101, 800

Dear Mark Besoner,

I acknowledge that I have requested and received a copy of the appraisal report upon which the offer to purchase my property is based.

Name (Print)

Signature	Date

APPRAISAL REPORT

Parcel:
Financial Project ID: County Road No.: County:
Fiscal Contract Number:
Letter of Authorization Number:

I 01/800 405606-4-4B-0l
CR 510 (85th St./90th Ave.)
Indian River
DO145
11

Prepared for:

Mr. Victor A. Ramos
Deputy District Right of Way Manager - Appraisal Florida Department of Transportation, District Four 3400 West Commercial Boulevard
Fort Lauderdale, Florida 33309

Prepared By:

Kristin L. Soltys, MA1
State-Certified General Real Estate Appraiser RZ3227

Owner/Principal Appraiser Eminent Valuations, PLLC
12301 Lake Underhill Rd, Suite 263
Orlando, Florida 32828

Eminent Valuations
Real Estate Appraisal & Consulting

April 3, 2023

Mr. Victor A. Ramos
Deputy District Right of Way Manager -Appraisal Florida Department of Transportation, District Four 3400 West Commercial Boulevard
Fort Lauderdale, Florida 33309

RE:	Parcel:
Financial Project ID: Section Number: Federal Project No.: Fiscal Contract No: County Road No.: County:
TWO#:

101/800
405606-4-4B-01
88050-2507
D4 l 8-081-B DO145
CR 510 (85th St./901h Ave.) Indian River
1 I

Dear Mr. Ramos:

Pursuant to your request, I am submitting an Appraisal Report for the above-referenced acquisition with an effective date as of March 28, 2023, which coincides with the last date of inspection of the property appraised.

This report is based upon my personal inspection of the property appraised. Additionally, this appraisal complies with the Supplemental Standards of Appraisal as outlined in Section 6.2, Supplemental Standards of Appraisal, as set forth in the Florida Department of Transportation Right-of-Way Manual and the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Standards Board of The Appraisal Foundation and referenced in Section 475.628, Florida Statutes, (F.S.).

If you or others should have any questions concerning this appraisal, please do not hesitate to contact me. Respectfully submitted,

Kristin L. Soltys, MAI
State-Certified General Real Estate Appraiser RZ3227
9 12301 Lake Underhill Road, Suite 263, Orlando, FL 32828
erninentvaluations.com	e 321-445-1767	ilj	kristin@eminentvaluations.com

100	CERTIFICATE OF VALUE

STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION

Hem/Segment:	4056064	
State Road:	CR 510 (85'h S\,/90th Ave.)	
County:	Indian River	
Managing District	4	
FAPNo.:	D418-081·B	
Parcel No.:	101	
I certify to the best ofmy knowledge and belief, that:

I. The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, unbiased, professional analyses, opinions, and conclusions.
I have no present or prospective interest in the property or bias with respect to the property that is the subject of this Ieporl, and I have
no personal interest or bias with respect to the parties involved. My engagement in this assignment was not contingent upon deve.loping or repo11ing predetermined results.
I have appraised the prope11y that is fhe subject of fhis appraisal, one time prior for the same client identified in this report within the
three-year period immediately preceding the agreement to perform this assignment. No other services have been provided.
My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal.
My analyses, opinions, or conclusions were developed, and this repo1t has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice and the provisions of Chapter 475, Part TI, Florida Statutes.
	I have made a personal inspection oft he prope11y that is tl1e subject of this report, and I have afforded tl1e prope11y O\\ Jer the opportunity to accompany me at the time of the inspection. I have also made a personal field inspection of the comparable sales relied upon in making this appraisal. The subject and the comparable sales relied upon in making this appraisal were as represented by the photographs contained in this appraisal.
No persons otl1erthan those named on the supplemental certificate ofthis report, provided significant real property appraisal assistance to the person signing this ce1tification.
l understand that this appraisal is to be used for the acquisition of right of way for a transportation facility to be constructed by the State
of Florida with the assistance of Federal-aid highway funds, orother Federal or State funds.
I0. This appraisal has been made in conformity with the appropriate State .laws, regulations, policies, and procedures applicable to an appraisal of right of way for transportation pmposes; and, to the best ofmy knowledge, no pottion of the prope1ty value entered on this certificate consists of items which are non-compensable under the established law of the State of Florida.
11. I have not revealed the findings or results of this appraisal to anyone other tlrnn the proper officials of the Florida Depa1trnent of Transportation or officials of the Federal Highway Administration, and I will not do so until so authorized by Stale officials, or until due process oflaw requires me, or until 1 am released from this obligation by having publicly testified as to such findings.
Regardless of any stated limiting condition or assumption, I acknowledge that this appraisal repo1t and all maps, data, summaries, charts, and other exhibits collected or prepared under this agreement shall become the property of the Depaitment without restriction or limitation on their use.
Statements supplemental to this certification required by membership or candidacy in a professional appraisal organization are
described in an addendl!lll to t]lis certificate and, by reference, are made a part he of.

Based upon my independent apprais;il and the exercise ofmy professional judgment, my opinion. of the market value for the part taken, including net severance damages afler special benefits, if any, of the property appraised as of March 28, 2023, is: TWO HUNDRED SIXTY-SEVEN THOUSAND SIX HUNDRED (267,600) DOLLARS.

Market value should be allocated as follows:
LAND:	=$2=6 7=,6 00 ---- 

LAND AREA: (Ac/SP)

2.374 AC
11,384 SF
  2.636 AC	

IMPROVEMENTS: NET DAMAGES &/OR COST TO CURE: TOTAL:

$	0	

$	0	
$267 600	

Land Use (HABU as vacant):

RightofWay Corridor	

April 3. 2023
DATE	Kristin L. Soltys, MAJ
State-Certified General Real Estate Appraiser RZ3227

STATE OF FLORlDA DEPARTMENT OF TRANSPORTATION

Item/Segment:	4056064	-	
Stale Road:	CR 510 (85th St./901h Ave.)	
County:	Indian River	
Managing District	4	
FAPNo.:	D418-081-B	
Parcel No.:	800	
I certify lo the best ofmy knowledge and belief, that:

I. The statements of fact contained in this report are true and correct.
The reported analyses, opinions, and conclusions are limited only by the reported assumptions and limiting conditions and are my personal, unbiased, professional analyses, opinions, and conclusions.
1 have no present or prospective interest in the properly or bias with respect to the property that is the subject of this repo11, and I have no personal interest or bias with respect to the parties involved. My engagement in this assignment was not contingent upon developing or reporting predetermined results.
	I have appraised the property that is the subject oflhis appraisal, one time prior for the same client identified in this report within the three-year period immediately preceding the agreement to perfonn this assignment. No other services have been provided.
	My compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence ofa subsequent event directly related to the intended use of this appraisal.
lvly analyses, opinions, or conclusions were developed, and this repo1t has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice and the p,ovisions of Chapter 475, Part TT, Florida Statutes.
I have made a personal inspection of the pmperty that is the subject of this repo1t, and I have afforded the property owner the oppo1iunity to accompany me at the time of the inspection. l have also made a personal field inspection of the comparable sales relied upon in making this appraisal. The subject and the comparable sales relied upon in making this appraisal were as represented by the photographs contained in this appraisal.
No persons other than those named on the supplemental,certificate of this report, provided significant real property appraisal assistance to the person signing this certification.
I understand that this appraisal is lo be used for lhe acquisition of right of way for a trnnspo1iatio11 facility to be constrncted by the State
of Florida with the assistance of Federal-aid highway funds, or other Federal or State fonds.
This appraisal has been made in conformity with the appropriate State laws, regulations, policies, and proceclmes applicable to an appraisal of right of way for transportation pu11ioses; and, to the best ofmy knowledge, no portion of the property value entered on this certificate consists of items which are non-compensable under the established law of the State of Florida.
I have not revealed the findings or results of this appraisal to anyone other than the proper ofl1cials of the Florida Department of
Transportation or officials of the Federal Highway Administration, and I will not do so until so authorized by State ofl1cials, or unli I
due process of law requires me, or imtil1 am released from this obligation by having publicly testified as to such findings.
	Regardless of any stated limiting condition or assumption, I acknowledge that this appraisal report and all maps, data, summaries, charts, and other exhibits collected or prepared under·this agreement shall become the pmperty of the Depai1ment without restriction or limitation on tl1eir use.
Statements supplemental to this ce11ification required by membership or candidacy in a professional appraisal organization are described in an addendum to this certificate and, by reference, are made a part hereof.

13ased upon my independent appraisal and the exercise ofmy professional judgment, my opinion of the market value for the pmi taken, including net severance damages after special benefits, if any, of the property appraised as of March 28, 2023, is: THIRTEEN THOUSAND NINE HUNDRED ($13,900) DOLLARS.

Market value should "be allocated as follows: LAND:	$1 3 9 0 0

LAND AREA: (Ac/SF)

 6 582 SF	

IMPROVEMENTS:	$- 0 	 NEDATMAGES&/ OR

COST TO CURE:
TOTAL:

 $	0	 Land Use (HABU as vacant):
 $13,900	

Right of Way Corridor	

April 3, 2023
DATE	Kristin L. Soltys, MAI
State-Certified General Real Estate Appraiser RZ3227

CERTIFICATION ADDENDUM
I certify to the best of my knowledge and belief, that:
	the reported analyses, opinions, and conclusions were developed, and this report has been prepared in conformity with the requirements of the Code of Professional Ethics and Standards of Professional Practice of the Appraisal Institute.
the use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives.
as of the date of this report, I, Kristin L. Soltys, MAI, have completed the requirements of the continuing education program of the Appraisal Institute.
I have 21 years ofreal estate experience in the State of Florida including 17 years as a certified appraiser. I can properly identify the appraisal problem for th is assignment; I have the knowledge and experience to complete this assignment competently; and I recognize and have followed, the laws and regulations that apply to me as the appraiset· and this appraisal
assignment.
	this appraisal has been prepared in conformance with Section 6.2, Supplemental Standards of Appraisal, as set forth in the Florida Department of Transportation Right-of-Way Manual.
I, Kristin L. Soltys, am a State-Certified General Real Estate Appraiser RZ3227 in the State of Florida. My certification expires November 30, 2024. l have made a personal inspection of the property that is the subject of this report.
the following sub-consultants provided professional assistance to the appraiser signing this report:

Company Name	Contact
Sexton Engineering Associates, lnc.	 Michael Sexton JMorton Planning & Landscape Architecture	Jennifer Morton

Title Engineer Land Planner

Kristin L. Soltys, MAI
State-Certified General Real Estate Appraiser RZ3227
Eminent Valuations, PLLC

April 3, 2023
Date

110	TABLE OF CONTENTS

INTRODUCTION AND PREMISE OF THE APPRAISAL
100	CERTIFICATE OF VALUE	3
1 JO	TABLE OF CONTENTS	6
l 15	ASSUMPTIONS, LIMITING CONDITIONS, AND CERTlFlCA TIONS	8
120	SUMMARY OF SALIENT FACTS AND CONCLUSIONS	10
130	TYPE OF APPRAISAL AND REPORT FORMAT	11
140	PURPOSE, INTENDED USE, AND  INTENDED USER	I I
150	DEFINITION OF MARKET VALUE	l l
155	OTHER IMPORTANT DEFINlTIONS	12
160	PROPERTY RIGHTSAPPRAISED	12
175	SCOPE OF WORK	12
180	APPRAISAL PROBLEM	14
PRESENTATION OFDATA	14
200	IDENTIFICATION OF PROPERTY AND LEGAL DESCRIPTION	14
220	DESCRIPTION OF AREA AND NEIGHBORHOOD	15
230	DESCRIPTION OF PROPERTY, PHOTOGRAPHS, AND SKETCHES	18
235	EXISTING TRANSPORTATION FACILITY DESCRIPTION	33
240	ZONING, LAND-USE PLAN, AND CONCURRENCY	33
250	ASSESSED VALUE, TAXES, AND SPECIAL ASSESSMENTS	35
260	}IISTORY OF PllOPERTY	35
270  .EXPOSURE TIME ............,	36
280	PUBLIC AND PRIVATE RESTRICTIONS	36
ANALYSIS OF DATA AND CONCLUSIONS	36
300	HIGHEST AND BEST USE ANALYSIS	36
302	HIGHEST AND BEST USE CONCLUSIONS ...............................................................,.	37
305	APPROACHES TO VALUE USED AND EXCLUDED ......,......................,	37
310	LAND VALUATION	38
390	RECONCILJATION OF VALUE INDICATIONS AND VALUE CONCLUSION	45
395	ALLOCATION OF LAND, SITE IMPROVEMENTS, STRUCTURES, AND OTHER IMPROVEMENTS	46
DESCRIPTION AND VALUATION OF PART ACQUIRED	46
400	DESCRIPTION OF PART ACQUIRED-PARCEL 101	46
450	VALUATION OF PART ACQUIRED-PARCEL 101	47
460	DESCRIPTION OF PERMANENT EASEMENT ACQUIRED - PARCEL 800	47
470	VALUATION OF PERMANENT EASEMENT ACQUIRED - PARCEL 800	48
495	TOTAL VALUE OF LAND AND IMPROVEMENTS ACQUIRED	49

County; County Road: Parcel No.:
6

Indian River
510
101/800

TABLE OF CONTENTS - Continued
VALUATION OF REMAINDER AS PART OF THE WHOLE	49
500	VALUE OF REMAINDER AS PART OF WHOLE PROPERTY	49
PREMISES OF THE APPRAISAL-THE REMAINDER	49
640	PURPOSE OF APPRAISAL OF REMAINDER	49
680	APPRAISAL PROBLEM FOR REMAINDER	49
PRESENTATION OF DATA-THE.REMAINDER	50
730	DESCRIPTION OF REMAINDER	50
740	ZONING, LAND USE PLAN, AND CONCURRENCY	50
750	PROPOSED TRANSPORTATION FACILITY DESCRIPTION	50
775	EFFECT OF ACQUISITION ON REMAINDER	50
ANALYSIS OF l)ATA AND CONCLUSIONS-REMAINDER	51
800	HIGHEST AND BEST USE OF THE REMAINDER	51
802	HIGHEST AND BEST USE CONCLUSION OF THE REMAJNDER	52
805	APPROACHES TO VALUE USED A ND EXCLUDED FOR REMAINDER	52
810	LANDVALUATION ...................,	52
900	SUPPOR1' FOR DAMAGES/NO DAMAGES TO THE REMAINDER	52
910	COST TO CURE	52
920	SPECIAL BENEFITS ...................................,	52
995	SUMMARY OF VALUES	53
ADDENDA ...........,	54

115	ASSUMPTIONS, LIMITING CONDITIONS, AND CERTIFICATIONS
To highlight the frame of reference in which this appraisal was made, the more significant assumptions and limiting conditions are listed below. Additional discussion or amplification, if warranted, will be included in other sections of this report.

This appraisal is based upon the condition ofthe national economy, the purchasing power of the dollar, and avai.lable financing as of the date of value.

	No responsibility is assumed for matters legal in nature, nor is this report to be construed as rendering an opinion of title which is assumed to be good.

The property has been appraised as though \mder competent lnahagement, fully merchantable, and under responsible ownership without regard to any existing encumbrances or liens except as noted herein.

	All fucts set forth in this report are true and accurate to the best of the appraiser's knowledge. Information furnished by others is believed to be reliable but not guaranteed.

A copy of this report does not carry with it the right of publication, nor may it be used for any purpose by anyone but the Florida Department of Transportation (FDOT) without the previous authorization of the appraiser and FOOT. If consent is granted, the report must be used in its entirety.

Neither all nor any part of the contents of this repo1t (particulal'ly the conclusion as to value, the identity of the appraiser or the firm with which she is connected, or any reference to the Appraisal Institute) shall be disseminated to the public through advertising media, public relations media, news media, sales media, or any other public means of communication without the prior written consent and approval of the appraiser and FOOT.

	Considerable data was compiled dming the appraisal process. The data contained in the appraisal work file is made a part of this appraisal by reference and the sub-consultant reports, if any, are made a part ofthis appraisal report by attachment.

The effects of concurrency have been considered based on the property as vacant. The appropriate governing agencies have been contacted, and the requirements and limitations
have been discussed. This appraisal is 1nade in lieu of a written commitment from the governing agencies in charge of permitting development; however, r have found that no adverse conditions exist that would hinder the issuance of a commitment under the
regulations of concurrency.

Th.is appraisal relies upon title work, right-of-way maps, and constrnction plans provided by the client.

County: County Road: Parcel No.:
8

Indian River
510
101/800

ASSUMPTIONS1 LIMITING CONDITIONS, AND CERTIFICATIONS (Continued)

l 0.  An extraordinary assumption is an assignment-spec-ific assumption as of the effective date regarding uncertain information used in an analysis, which if found to be false, could alter the appraiser s opinions or conclusions. A hypothetical condition is a condition directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results but is used for the purpose of analysis.

The hypothetical conditions and extraordinary assumptions relied upon for this analysis
(if any) are ,described as follows:

I. This appraisal involves a valuation of an abbreviated parent tract. The value conclusions in th.is report are as if the property appraised is a standalone parcel of land.

This appraisal includes a valuation of land and is as ifthere are no other improvements on-site. The property is vacant with the exception of drainage structures that support a regional drainage canal. No site improvements are being permanently acquired.

The appraisal of the remainder is made under the assumption that the acquisition has taken place, the transportation facility has been completed per the construction plans, said facility is open for public use, and the li1at'ket is acclimated thereto.

The use of the aforementioned extraordinary assumptions and/or hypothetical conditions affect the assignment results but are necessary for the purpose of analysis and producing credible assignment results.

County: County Road: Parcel No,:
9

Indian River
510
IO1/800

120	SUMMARY OF SALIENT FACTS AND CONCLUSIONS
Ow.net Name, Address, and Telephone Numbel':
Sebastian River Improvement Drainage District, a drainage district organized and existing under the general drainage laws of the State of Florida a/k/a Sebastian River Water Control District, f/k/a Sebastian River Drainage Di'strict
c/o B. Frank Sakuma, Jr. COM 10807 SW Tradition Square Pol'l St. Lucie, FL 34987
P: (772) 345-5119 J  F:  (561) 630-4923

Property Address and Location:
The property is located on the east side of CR 510 (90th Avenue) and on the north side of CR 510 (85th Street) in an unincorporated area of Vero Beach, Indian River County, Florida. The property is vacant and does not have a physical address.

Size of Parent Tract, Acquisition Parcel, and Remainder Property:
The size of the remainder, fee acquisition, and the easement acquisition are from the Right-of­ Way Map Table of Ownerships provided by the client. The parent tract size is the sum of the remainder size and the size of the fee acquisition. For the purpose of this valuation, the parent tract is being abbreviated to include the 7,629-acre portion of the parent tract that is north and east of CR 510 and directly affected by the acquisition. The abbreviation of the parent tract will be discussed further in Section 180 ofthis report. The remainder size is calculated by subtracting the size of Parcel l 01, which is being acquired in fee from the abbreviated parent tract size. The easement acquisition will not result in a reduction in land size. A dividend or multiple.of 43,560 square feet has been utilized to convert the units of measure.

Parent Tract:

Abbreviated Parent Tract: Acquisition Parcel IO1: Remainder Tract:

Acquisition Pal'cel 800:

31.452 Acres

7.629 Acres
2.636 Acres
4.993 Acres

0.15 Acres

1,370,049 Square Feet

332,319 Square Feet
114,824 Square Feet
217,495 Square Feet

6,582 Square Feet

Prope1·ty Type and Dcscl"iption:
The abbreviated parent tract consists of two narrow strips of land that flank a drninage canal and are part of a dedicated drainage right of way. The property is vacant with the exception of drainage structures that allow storm water to outfall into the abutting canal.

Extent of Field Inspection:
A formal inspection was conducted on March 7, 2023. For this inspection, the property was observed and photographed from the right of way and those interior portions of the property that were accessible by foot were walked by the appraiser. This inspection also involved locating the acquisition parcel and analyzing potential impacts on the remainder property.

County; County Road: Parcel No.:

Indian River
510
101/800

A list of all those present at the initial site inspection on March 7, 2023, is as follows:

Kristin L. Soltys, MAI -Appraiser of Record
Frank Sakuma, CDM- Representative of the Sebastian River Drainage District Mal'k Besoner-Acquisiti'on Agent

Additio11al inspections were conducted by the appraiser from the right of way on November 2, 2021, January 21, 2022, and March 28, 2023. The effective date of value of this appraisal coincides with the .last date of inspection, which occurred March 28, 2023.

130	TYPE OF APPRAISAL AND REPORT FORMAT
This is an Appraisal Report as defined by Standards Rule 2-2(a) of the Uniform Standards of Professional Appraisal Practice. It is presented in a narrative report format and includes a valuation of the abbreviated parent tract, the parts acquired, the remainder, and damages or special benefits, if any. Pursuantto the District 4 Scope of Services for Parcel IO1/800, which is part of the appraisal contract for this assignment, this appraisal involves a valuation of the land only. Additional details can be found in Section 115, 175, and 180 of this report.

140	PURPOSE, INTENDED USE, AND INTENDED USER
The purpose of this appraisal is to develop and report an opinion of market value. The intended use of this acquisition appraisal is for the Florida Department of Transportation's staff review appraiser to use as a basis for establishing recommended compensation, for the parts acquired by the Department for a right-of-way improvement project. The intended use1' is the client, the Florida Department of Transportation, No one else is permitted to use or rely on this appraisal for any other purpose than that stated.

150	DEFINITION OF MARKET VALUE
Per the Florida Department of Transportation Right-of-Way Manual, Supplemental Standards of Appraisal, the value contained within this report is based on the following definition of market value:

"Value, as used in eminent domain statute, ordinarily means amount which would be paid for property on assessing date to wi!hng seller not compelled to sell, by willing purchaser, not compelled to purchase, taking info consideration all uses to whfch property is adapted and might reasonably be applied. "

County: County Road: Parcel No.:
11

Indian River
510
101/800

155	OTHER IMPORTANT DEFINITIONS
Across the fence (ATF) method·- "A land valuation method used in the appraisal of corridors. The across-the-fonce method is used to develop a value opinion based on comparison to abutting lands." 1
Across the fence (ATF) value- "ln the valuation of real estate corridors, the value concluded based on a comparison with adjacent lands before the consideration of any other adjustment factors. (IR WA)" 2
CoJTidor - "A strip of land used for transportation or transmission purposes. (e.g., rail, highway, powe!', information, slurries, liquids." 3
Corridor Factor- "In corridor valuaf.ion, the ratio of the market value (or market price) of a corridor to the corridor's across-the-fence value. Corridor factors are applied to reflect the benefit or advantage, if any, of the corridor having already been assembled. Typically used in the valuation of existing corridors and not the assembly of a new corridor. Sometimes cal led an enhancement factor or continuity factor." 4
Corridor Valuation - ''The process of estimating value associated with rights to co!'l'idor real estate. Valuation approaches may include methods such as the across-the-fence methodj sales comparison, the alternate route (cost avoidance) approach, and estimation of net liquidation value."5
Plottagc Value - "The increment of value that often occurs when two or more sites are combined to produce greater utility, 1·estilting in a highe1' productivity or income than cm1ld be. obtained from the individual smaller sites." 6

160	PROPERTY RIGHTS APPRAISED
Fee-simple interest as encumbered only by zoning regulations and any public or private easements, and restrictions of tecord and those rights associated with the proposed easement acquisition. No value consideration has been given to tenant owned improvements, real property interests previously conveyed, or non-realty items (if any).

175	SCOPE OF WORK
The scope of work for this appraisal includes a befo!'e and after valuation of the abbreviated parent tract (land only), the fee and permanent easement acquisition, the remainder property, and damages or special benefits to the land, if any.

The abbreviated parent tract represents a portion of a designated right of way serving a regional drainage canal that extends1hrough the middle of the parent tract. The canal bifurcates the parent tract and extends in a north to south direction adjacent to CR 510 and1ies into the south prong of the St. Sebastian River to the north and a broad network of drainage canals that extend east to west throughout the project neighborhood to facilitate drainage and alleviate potential flood conditions for the region.

1

I	The Dictionary o.f Real Estate Appraisal, 71" Edition, (2022) Appraisal !11stlt11te Page 3

The Dictiona,y q( Real Estate Appraisal, ?'"Edition, (2022) Appraisal /11stit11te, Page 3
The Dictionmy q( Real Estate Appraisal, 71" Edition, (2022) Appraisal !llslit11te, Page 43
The Dictionmy q( Real Estate Appraisal, 11" Edition, (2022) Appraisal l11sti/11te, Page 43
The Dictio11a1y of Real Estate Appraisal, 7'" Edition, (2022) Appraisal J11stil11te, Page 43
The Dicliona,J' o.f Real Estate Appraisal, 71" Edition, (2022) Appraisal Institute, Page 143
County: County Road: Parcel No,:

Indian River
510
101/800

12

The abbreviated parent tract has not been assigned a tax parcel number and is dedicated as a right-of-way corridor for regional drainage collection and stonnwater conveyance. As such, it will be appraised utilizing the across-the-fence (ATF) method of valuation whh consideration given to a corridor enhancement factor. A detailed discussion of the approaches to value and methodology used can be found in Section 305 of this report.

Research for th is appraisal was performed during a 22-week period preceding the date of this appraisal report. The scope of work included: observing the subject property and surrounding neighborhood, investigating the market, researching the history of the subject property, researching sales of comparable properties1 and talking to brokers, buyers, and sellers of properties that are similar to the subject. No one other than those people listed in the Certificate Addendum of this report contributed to this analysis.

Sources of the data used include the public records of Indian River County, the Indian River County Property Appraiser's website, MapWise, Indian River County MLS, MLS Advantage, Stellar MLS., the St. Johns River Water Management District, the USDA Online Web Soil Survey, the National Wetland Inventory Maps, FEMA1 RPR  Realtors Property Repo1t, the Site to Do Business, FOOT Traffic Online, CoStar, and FRED-Federal Reserve Economic Data.

Sexton Engineering Associates (SEA) has prepared property sketches showing the abbreviated parent tract, parts acquired, and remainder property; analyzed the impacts of the acquisition on the remainder property; and assisted with formulating a cost to cure for the remainder property, if any.

]Morton Planning & Landscape Architecture has analyzed the development potential of the property before and after the acquisition and provided an interpretation of zoning and land use regulations as they relate to the property appraised.

The appraiser also relied upon verbal information provided by representatives from the Indian River County and/or City of Sebastian planning and zoning departments and the title work, right­ of-way maps, and constructlon plans provided by the client.

The appraiser has verified and analyzed the collected data and developed reasonable value conclusions for the property appraised using appraisal techniques accepted and promulgated by the Uniform Standards of Professional Appraisal Practice and the Appraisal Institute. The methodology used in the appraisal, the steps taken in the appraisal process, and the conclusions reached were then set forth in this appraisal report.

County: County Road: Parcel No.:
13

Indian River
510
101/800

180	APPRAISAL PROBLEM
The FOOT Right of Way Map Table of Ownership recommends a parent tract size of 31.452 acres, which includes non-contiguous portions of a designated right of way for a regional drainage canal that extends north and south of CR 510.

After reviewing the acquisition as it relates to the parent tract, it has been determined that the acquisition will not result in severance damages and there will be no direct impact to the portion of the parent tract that is south of CR 510. As such, the parent tract has been abbreviated to include the 7.629-acre portion of the parent tract that is north and east of CR 5 l O and directly affected by the acquisition.

The abbreviated parent tract is vacant, and no improvements are being lost or permanently acquired. As such, the following valuation includes land only. There is no cost to cure for the remainder property.

PRESENTATION OF DATA
200	IDENTIFICATION OF PROPERTY AND LEGAL DESCRIPTION
The abbreviated parent tract is located on the easts ide of CR 51 0 (90th Avenue) and on the north side of CR 510 (85th Street) in an unincorporated area of Vero Beach, Indian River County, Florida. It is part of a dedicated right of way that supports a regional drainage canal and has not been assigned a Pa1·cel ID Number or Alternate Key Number. The legal description of the parent tract is as follows:

The West 150 feet of the SWl/4 oflhe NW 1/4, of Section 26, Township 31 Soulh, Range 38 East, less lhe West 653 feet

Tog.ether with:

The West 150 feet of the S 1/2 of the N\\I l/4 of the 1\'f\V 1/4, of Section 26, Township 31 South, Range 38 East. less the
\Vest 65.4 feet.

This legal description was taken from the Title Summary Repo1t provided by the client for this assignment. The property appraises includes only the northern 7.629 acres of the parent tract. The legal descriptions of the parts acquired are set forth in the FOOT Legal Description contained in the Addenda of this report.

220	DESCRIPTION OF AREA AND NEIGHBORHOOD
The subject property is located along the CR 510 (85th Street/90th Avenue) corridor in Indian River County. The project starts at the intersection of CR 512 and CR 510 in the City of Sebastian and extends southerly into an unincorporated area of Vero Beach before curving to the east and ending at the intersection of CR 510 and 84th Avenue.

The project corridor is ±2.5 miles east of Interstate 95, ±4 miles west of US Highway I, and ±7 miles west of the Highway Al A, with proximity to the Indian River and the Atlantic Ocean, which are both to the east. It is ±4 miles south of the Brevard County line,±] 5 miles north of the St. Lucie County line, and is within the Sebastian-Vero Metropolitan Statistical Area (MSA). The neighborhood is a predominately residential neighborhood with commercial support uses at key intersections, such as that of CR 510 and CR 512 at the northern terminus of the project.

A considerable portion of the lands in the subject neighborhood are dedicated as conservation 01· parkland with the St. Sebastian River Preserve State Park to the north, Sand Lakes Restoration Area to the southwest, and Blue Cypress Conservation area to the west, to name a few. The lands between the City of Sebastian to the north and the City of Vero Beach to the south are largely utilized for agricultural pursuits and rural residential estate development, with more intensive development along the coast to the east.

A Neighboi'hood Location Map and a Project Map are presented within the following pages for visual reference. A detailed Description of the Area and Neighborhood with a brief Market Analysis is presented in the Addenda.

).1.._N_E_IG_H_e_o_R_H_o_ -. -,L_o_c_A_Ti_o_N_M_AP	.I
Lw

Roseland

St Sebastian
River
state Park

North Beach

I Fellsmere

Vlaba.so
Beac

,®
Vero Lake	Wabasso
Estates

Winter Beach	Indian Ri'ler
sr,ore

West Vero
Corri or @
Citrus Ridge

CR 510
Corridor

Project Map

230	])ESCRJPTION OF PROPERTY, PHOTOGRAPHS, AND SKETCHES
The abbreviated parent tract is further descdbed as follows:

Land Area - 7.629 acres or 332,319 square feet

Shape -The abbreviated parent tn\ct consists of two narrow, elongated, and irregular shaped strips ofland that flank a drainage canal. See parcel exhibits for exact shape.

Boundary Dimensions - The abbreviated parent tract has 4,892.38 linear feet of frontage on the east side of CR 510 (90th A venue) wjtb au additional 186.80 linear feet of frontage on the northeast side of the curve where CR 510 transitions from 90th Avenue to 85th Street. See the enclosed sketch exhibits for the dimensions ofthe abbreviated parent tract.

d, Ingress/Egress - There ls currently no improved access to the abbreviated parent tract. The portion of the abbreviated parent tract that is west of the drainage canal has extensive frontage on the east side of CR 510 for access and the portion of the property that is east of the canal has 20.39-feet of frontage on the north side of CR 510 {8.st11Street) for potential access.

e, Topography - The abbreviated parent tract is relatively level and generally at grade with CR
510. It has a mild downslope towards the drainage canal. The property is mostly wooded with a mixture of naturally occurring vegetation.

f. Flood Hazard Data-The abbreviated parent tract is located within Flood Insurance Rate Map 12061 C0094J, dated January 26, 2023; shows the flood-zone designations for the neighborhood. Per the map, the abbreviated parent tract lies ,vithin Flood Zone X, which is an area determined to lie outside of all flood hazard areas.and is not subject to the 1% annuaI chance of flood.

g. Drainage -The abbreviated parent tract serves as right of way for a regional drainage canal and is identified by Sebastian River Drainage District Lateral "D" Canal. The abutting canal collects stonnwater from the surrounding lands through which it passes and helps to prevent localized floodi1tg.

h, Soil Characteristics-According to the USDA Online Web Soil Survey, the abbreviated parent tract is comprised of the following soils:

(10) Rivera fine sand, 0 to 2 percent slopes is a sandy and loamy soil typically found on flats and drainageways on marine terraces. It is considered a poorly drained soil that has a depth to restrictive layer of more than 80 inches and a depth to water table of about 3 to 18 inches. This soil is not generally subject to frequent ponding or flooding.

(13) Wabasso-Wabasso, wet, fine sand, 0 to 2 percent slopes, is considered a sandy soil typically found on flatwoods on marine terraces. 1t has a depth to restrictive feature of more than 80 inches and is considered a poorly drained soil. The depth to water table is about 6 to 18 inches. There is no frequency of flooding or ponding.

Please reference the attached soil map for the location of each soil classification. The soil map can be found in the Addenda of this report.

Utilities on-site-The property is vacant and is not connected to public utilities.

Utilities Available- Water and sewer services are available to the area by Indian River County Utilities (IRCU) via a 16-inch water main and a 12-inch PVC force main within the CR 510 right of way; however, no water or sewer services are connected to the abbreviated parent tract at this time.

Florida Power and Light has existing overhead distribution lines along the right of way and AT&T and Crown Castle Fiber have existing overhead and underground facilities within the right of way. Florida Public Utilities has an existing 6-inch gas line within the right of way.

Site Improvements - The abbreviated parent tract is vacant with no identified site improvements.

I. Easements, Encroachments, a11d Restrictions - The abbreviated parent tract is part of a dedicated drainage right of way and is identified as Sebastian River Drainage District Lateral "D" Canal (D.B. 32, PG 177). See Section 280 of this report for additional information.

Looking southerly at the abbreviated parent tract /part acquired west of the canal from a point that is southwest of the intersection of 87th Street and CR 510.

Looking northerly at Parcel IO I from within the abbreviated parent tract, at a point that is north of 87th A venue

Photos Taken by:
Date Taken:

Amber Snead March 7, 2023

Looking northerly at the abbreviated parent tract, which flanks the canal, and toward the acquisition areas for Parcel 800 and Parcel IO I from CR 510 (85th Street).

Looking southeasterly at Parcel 800 from the curve in CR 510.

Photos Taken by:
Date Taken:

Amber Snead March 7, 2023

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SEBASTIAN fUVffl O"-AIHAOE

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RIGHT-OF-WAY MAP EXHIBITS

COUNTY ROAD NO. 510 85th STREET I 90th A VENUE
F.P. NO. 4056064 INDIAN RIVER COUNT)'

f(.'iliXTON8'GIXEERP.\\i MSC'OAJF.i.11'(',

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ABIJREVIATfiD PARENT TRACT SKB'l"Cll PARC/ll. 101/8()(]

SEA ABBREVIATED PARENT TRACT SKETCH

COUNTY ROAD NO. 510
85th STREET/ 90th J\\IENUE
F.P. NO. 4056064
INDIAN RIVER COUNTY

SEA AERIAL DETAIL -- PAGE 1
WITH APPRAISER'S CAMERA ANGLES SHOWN
County: County Road: Parcel No.:

Indian River
510
101/800

25

COUNTY ROAD NO. 510 85th STREET I 901h AVENUE
F.P. NO. 405606-4 INDIAN RIVER COUNTY

SEA AERIAL DETAIL- PAGE 2
WITH APPRAISER'S CAMERA ANGLES SHOWN-
County: County Road: Parcel No.:

Indian River
510
l 01/800

26

 LEGEIIO,		}
<i	C:ErHEHLJUE
lj_	Qf\SEut E
p	PLAT
PO	PLAT UOOK
l'{i	AGE
EX	EXISTIIIG
STA.	)>TAnON	0	50 lOO OllU	 ()Hl(;II\L R[C:ORD flfJOK
!ZZZI PAR([l. 101 AA[A

AREASUMtJAR'f
PARENT TRACT AREA	e 31.452 /1.C
mrnl lN	~"· D.262/1.C
2314/1.C

TOT,'.l 101 AREA	a  26J6AC
REMAINDER AREA	•n,816/\C PARCEl800ARF./\•6,582Sf, 0.15I AC

r- 0 S[J.hSTlf,.I, mV(P, DRAIN G[ DISTRICT PERPETUAL [SI.JI FOil. \.'IATEn CotHROL & MAIUTEtJhNCE or OR/1.l!t.l\GE SYSTE"II
(0 R II, 9J/, PG 022)

-1

50

1Hl5 IS'OT I\SU Vf'/	
COUNTY ROAD NO. 510 85(h STREET I 90rh A VENUE F.P, NO, 405606--4
INDIAN RIVER COUNTY	ft50:10 [a\"Glt.Illl\"GAfSOCIAlli, lt.C.
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PAllCE/, 1011800
J OF2	

SEA PARCEL SKETCH OF ACQUISITION AREA - Page 1
County: County Road: Parcel No.;

hldian River
510
10 l /800

27

SEA PARCEL SKETCH OF ACQUISITION AREA- Page 2
County: County Road: Parcel No,:

-1

-f--!'.10' SEBA5UAU RrvER Df"U\1!-lAGE DISTRICT P(RPE.TUAL E.S!,ff.. fOR WATER co:nROL
& r.\Altfff'IMl(f CJ DRAINAGE SYSTEl-1 (O.R.B. 917. PG. 822)
--	-  -

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P;I	PLAT BOOK
PG	PAGE
EX	FXISTII/G
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ORB	DFFKIAL RECOI\I) P.ODX	100

1 PARCCI.. 00□ArlF.A AREA SUMUARY
PAREflT TRACT MEA	= 31.452AC
I	t g/t l3l WklW	== 2.374 AC
0.262AC
I
I,	TOTAL I D1 AAEA	= 2.636AC
i	HEl,lAINDER AREA	=28.616"-C
PARCEL BOO AAEA = 6.582 SF, 0.151AC

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	86th STREET	

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-11,-SURVEY C.R. SlO (85TH STREEn	
COUNT)' ROAD NO. 510	i
85th STREET/ 90fh A VENUI!
F.P. NO. 405606-4 JNDIAN RIVER COUNTY	SF. °<TON INGlNr.1.MING ASUX"lAU:5, INC'.
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lndian River
510
101/800

28

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AA!cA SUMMARY PARENT TR!\CT AA!cA
t at 181 ff1$rV
TOTAL 101 AR!cA
REMAll.JDER AREA

=3l.452AC

2.374 AC
=

0.262AC
= 2,63/JAC
=26.816AC

PARCEL 800!\RE!\= 6,582SF,0.161 AC

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!',(l," St:Bi'\.!:.TIA1' tUVl:J\ DRAlUACiE DIS.TR:CT
PERPETil,lr,l ESHT. FOA WATER C"CllllfLOL

&. r-la'UmENANCE OF- OrWH:A.GE .S"i5'fEM.

10.R.B. 9J7. ro. 2.?l

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IIIIS JS tU'll A !,UfW 'i

COUNT}' ROAD NO. 510
851h STREET I 901/J A VENUE
F.P. /VO. 4056064 lNDfAN RIVE!? COUNTY

EXISTING CONDITIONS SKETCH - Page 1

County: County Road: Parcel No.:
29

Indian River
510
101/800

ii

50  100

LEGEND:	

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nmrn u11e:	T.E.l(h!Otlf
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AREA SUMMARY
PAREtlT TRACT AREA	=31.452AC
PARCEL 10! ['VEST)	= 2.374 AC PARCEL 101 {EAST)	 • 0.762AC
TOTAL !01 AREA	= 2.636AC
RE WNDER AREA	=28.816AC

PARCEL 800 AREA= 6.582 SF, 0.151 AC

I
I  I
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COUNTY ROAD NO, 510 85111 STREET I 90rh A VENUE F.l'. NO. 405606-4
IND/AN RIVER COUNTY	f{s_r;".,"o'"''E.',,r.,,.1'"c1''1"<'r",;u'.",,'w..c.i.,.m-'""m"e   EXISTING  CONDITIONS SKETCH
I = " ,.	-	PAUCEL  101/800
g;):1"U a U:{Jll 1ri"C"tr, M1 m	1-, ,, ,"'v,-,,,,,,,..,,,.,, ,---2-' OF 2,.-=..	,,,,,,.,,,.,,,,""»	,
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F,1.., 1/Ur.(Jlr-s, ar»:UJI n w:,,r,;,,t t-. ,.=-,.-= -----i-c=c-c	,	
SEA EXISTING CONDITIONS SKETCH - Page 2

County: County Road: Parcel No.:
30

Indian River
510
101/800

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AReASUMAIARY
PARENT TAACT AREA	31.452AC
mrn1ff'l?N	;. 2374/\C
0.262AC
TOTAi. iOi AREA	a 2.636AC
-REMA.INOE:R ARE.A	•288l6AC PARCEL MO AREA• 6,582 SF, 0.151 AC

50' S£0Ji.Sn,-N iU\IER DRA.IHAGE DISTi'UCf f'ERF'HUA.l HMT, FOR WATE:R COSTP.Ol l., "1JI.INTHIA, CE. OF OR.All/AGE SYSTEM (O.R.B. 917, l'G. 822")

Tiifi IS IIOT A SU VEY	
COUNTl' ROAD f"{Q_ 510 851!1 STREET I 90111 A VENUE I·'.P, NO. 405606-4
INDIAN RIVER COUNTi'	SF.HM [,J<Gl [ERl G<Q(fAlB,, INC.
I MrAG ,f\f.fRS J. o ,SJ,,l'i",UColfS
IO « U,01{ SF"-fr,Sl.111 CO
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!Jfl·TS:·.nl TJ,J 561·19:·:t&f
,1 11fc;..,sr,1U, .ftJ.(:«P	PROPOSED CONDITfONS SKETCH PARCEL 101/800
1 OF2
r..-: ,,.i::'.	
		r.,	ll):O ,-;,;n
Y. u	u-  't	

SEA PROPOSED CONDITIONS SKETCH - Pagel
County: County Road: Parcel No.:

Indian River
510
IO 1/800

31

			PARCEL 600 AREA= 6,582 S . 0.151 AC	

I	

I		
!-				

A.CCE.SS DR.NE lO CAl'lAL	

2-f\'1'1-Ge­	
			A -IA.LT	
			CHNE\.VAY	

I			
	I-			
	I			
		I		
		,I		
COUNTY ROAD NO. 510	i
85th STRRET I 901/J A VENUE
f, P. NO. 405606-4
INDIAN RIVER COUNTY	!'...l:,..\JU t. Gt,·HR!KGA..\.'-OCI,\ff_..\ IKC.
I llW2/LJ l;!ilj: r£RS AJdl
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TL.. Fl" l'RIT<4St .W'X,((JJ7t !B ru:lo'-"'	PROPOSED COND/110,VS SKETCH PARCEL 101/800
20F2	

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50  100

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AREA SUI/MARY
PARWT TRACT AREA
mmr w
TOlAl.101 AREA
REMAINDER AREA

31A52AC

= 2.374AC

0.262AC
= 2,6J6AC
=28,816AC

THiS 15 UOT A 'SUR.VE-If

SEA PROPOSED CONDITIONS SKETCH - Page 2

County: County Road: Parcel No.:
32

Indian River
510
101/800

235	EXISTING TRANSPORTATION FACILITY DESCRIPTION
CR 510 (85th Street/90th Avenue) is a principal arterial roadway with an annual average daily traffic (AADT) count of 11,900 vehicles in 2021. The portion of CR 510 identified locally as 90th A venue extends southerly from CR 512 for±1.25 miles before it curves to the east and transitions into 85th Street. From the curve, CR 510 continues easterly for ±4.5 mi1es before intersecting with US Highway l and becoming the Wabasso Causeway Bridge over tbe Indian River and terminating at its intersection with Highway Al A along the Atlantic Coastline.

ln the prnject neighborhood, CR 510 consists of a two-lane rural section of highway with no curbs, gutters, or medians. A sidewalk exists on the west side of the right of way between CR 512 and Shark Avenue and on the east side of the right of way between CR 512 and ±500 feet south of Stony Point Drive. Open swale drainage ditches exist along both sides of the right of way to collect and convey storm water for the facility.

CR 5 I 2 (Sebastian Boulevard) is a four-lane principal arterial roadway that extends in an east to west direction between Interstate-95 and the City of Fellsmere to the west and the City of Sebastian to the northeast. As of 202 l, CR 512 has an AADT of 18,807 vehicles to the east of CR 510 and 17,500 vehicles to the west of CR 5 I 0. It is an urban section of roadway with sidewalks, curbs, gutters, and a grassed median with periodic openings to facilitate turns.

interstate 95 extends in a north to south direction throughout the entire State of Florida and onward along the entire eastern coastline of the United States. As of 2021, it has an AADT of 39,500 vehicles to the south of CR 512 and 43,131 vehicles to the north of CR 512. It provides convenient access to many cities along the coast incll-iding the cities of Palm Bay and Melbourne to the north and Vero Beach and Fort Pierce to the south.

Multiple paved and unpaved residential collector roads intersect with both CR 512 and CR 510 providing access to residential developments along the corridor including Vero Lake Estates and Bluewater Bay to name a few.

240	ZONING, LAND-USE fLAN, AND CONCURRENCY
The abbreviated parent tract is within the RS-3 zoning district and has an L-1 future-land use designation in Indian River County. Though the property is on the zoning and future-land use maps, the County considers the land right of way. As such, the only develop1ne1H potential for the abbreviated parent tract is for right-of-way purposes. The following is a description of the current zoning and future-land use in place for the abbreviated parent tract.

Zoning Desigtrntion:
Future Land Use Designation (FLU): Municipality:
Are zoning and FLU consistent: Potential for Zoning & FLU Chat1ge:
Proposed Zoning: Proposed FLU:

RS-3, Single-Family Residential (3 du/acre) L-1, Low-Density Residential-I (3 du/acre) Indian River County
Yes No NIA NIA

County: County Road: Parcel No.:
33

Indian Rivel'
5 LO
I 0J/800

Purpose of Zoning District;
The sing]e,..family districts are established to implement the policies of the Indian River County Comprehensive Plan for managing land designated for residential uses, providing single-family housing opporti,mities, and ensuring adequate public facilities to meet the needs of residents. These districts are also intended to implement the county's housing policies by providing opportunities for a varied and diverse housing supply.

Permitted Uses:
Single family dwelling, foster care facilities, communication towers (wireless, < 80ft),
commercial communication towers (non-wireless, camouflaged).

Administrative Permitted Use:
Noncommercial kennel/animal boarding places, noncommercial nursery and greenhouse, noncommercial stable, accessory single-family dwelling unit, guest cottage/servants' quarters, single-family docks and private obse1vation/fishing piers on vacant lots, group
home (level I), adult congregate living facility (8 residents max), places of worship1 emergency services, and public parks and playgrounds,

Exception Uses:
Child/adult care facilities, cemeteries, primary/secondary educational centers, governmental administrative building, colleges/universities, college clubs, golf courses, private/public docks, limited public/private utilities, and heavy public/private utilities.

Zoning Regulations:
Minimum Lot Size:. Minimum Lot Width: Front Setback:
Side Setback:
Rear Setback:
Impervious Surface Ratio: Maximum Building Height:

12,000 sf
80 ft
25 ft
l 5 ft
25 ft
NIA
35 ft

Future Land Use Regulations:
The Low-Density Residential- I future-land-use designation in Indian River County includes single-family, duplex, multi-family housing, group quarters, mobile h0me parks, subdivisions_, condominiumi and cooperative housing developments. It Hows for residential development at a maximum density of 3 dwelling units per acre. This land use catego,y excludes hotels, motels, other transient housing, seasonal units, and farm residences on active farms.

Legality and Conformance:
The abbreviated parent tract is a dedicated right of way with no potential for economic development outside of its use as a right of way for a drainage canal. Adjacent lands are generally residential in nature and capable of supporting low-density residential subdivision development.
County:	Indian River County Road:		510
Parcel No.:	101/800
34

Concurrency Analysis:
Concurrency analysis reviews the necessary public facilities and services needed for development. The abbreviated parent tract is not capable of supporting independent economic development; therefore, concurrency is not an issue.

250	ASSESSED VALUE; TAXES, AND SPECIAL ASSESSMENTS

County;	Indian River	
Tax Year:	2022	
Pro1Jertv ID No.:	N/A	
Tax Account No.	N/A	
Alternate Kev No.	NIA	
Market Value:	NIA	
Assessed Value:	NIA	
Exemptions:	NIA	
Taxable Value:	NIA	
Gross Taxes:	NIA	
Net with 4% Discount:	$0	
Delinquent:	No	
Amount Passed Due:	$0	

The abbreviated parent tract is a dedicated right of way. As such, it has not been assigned a tax parcel number and is not subject to taxation.

260	HISTORY OF PROPERTY
There have been no arm's length transaction involving the abbreviated pare11t tract within the last 5 years. The property has been under the ownership of the Sebastian River Drainage District since June of 1940 as recorded under DB 0032, Page 0177, of the Public Records oflndian River County. There is no information to suggest this property is currently listed for sale or pending a contract for sale.

Though the abbreviated parent tract has not been conveyed within the past five years, it has historically been pan of a larger ownership that included the canal that now bifurcates the fee ownership of the abbreviated parent tract. The change in size and configuration of the abbreviated parent tract is a result of a Mediated Settlement Agreement between the Estate of Hugh Corrigan, IV, Patrick Edward Corrigan, Hugh Daniels Corrigan, James Patrick Corrigan, Jr., Eleanor Christie C01Tigan, Hugh Corrigan, III, Family Limited Partnership, LLLP and J, Pat Corrigan Family Limited Partnership, LLLP (collectively, the "Corrigans") and Ronald M. Ansin, Ro-Ed Corp. and Trust No. 2, LLC (collectively, the''Ansins"), Vero Lakes Water Control District ("VLWCD"), and Sebastian River Improvement District ("SRID") (collectively, the "Parties") and the subsequent recording of several corrective quit-claim deeds.

Though the fee ownership of a portion of the Lateral "D" Canal is now held by the Corrigans the Sebastian River Improvement District maintains partial fee and/or easement interest in the right of way corridor as a whole.

County: County Road: Parcel No.:
35

Indian River
510
10'1/800

270	EXPOSURE TIME
The Appraisal Standards Board defines exposure time as:

The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of the appraisal; a retrospective estimate based upon an iJnalysis of past events assuming a competitive and open market.

Based upon conversations with brokers and local property owners in this market, and statistical data gathered from CoStar and Indian River MLS, the following value conclusions are based upon an exposure time that ranges from 12 to 24 months, when priced appt'opriately under the current market conditions.

280	PUBLIC AND PRIVATE RESTRICTIONS
A review of the project right-of-way maps, and the title work provided for this assignment indicate the parent tract/abbreviated parent tract was dedicated as the Sebastian River Drainage District Later "D" Canal in June of 1940 by Quit-Claim Deed recorded under D.B. 32, PG. 177 of the public records oflndian River County.

ANALYSIS OF DATA AND CONCLUSIONS

300	HIGHEST AND BEST USE ANALYSIS
The subject property was analyzed as if ready to be put to its highest and best use. Highest and Best Use is defined as:

The reasonably probable use of property that results in the highest value. The four criteria that the highest and best use must meet are legal permissibility, phy ical possibility, financial feasibility, and maximum productivity, The DictionmJ' of Real Estate. Appraisal, Appraisal lnstit!lte, seventh edition, 2022, pg. 88.

It would be physically possible to develop the abbreviated parent tract; however, its irregular, narrow, and elongated shape places significant constraints on the developn1ent potential of the land for traditional commercial uses. Additionally, a drninage canal 111easul'ing between 45 and 65 feet in width bifurcates the property into 1:\,vo separate land areas. The property would lend its self-favorable to small utility type buildings, various public utilities, recreational trails, pipelines, and the likes.

Though a portion of the property does consist of poor soils that are consistent with wetlands, the lands adjace1it to CR 510 are comprised of development quality soils and public water and sewer are adjacent to the property.

County: County Road: Parcel No.:
36

lnd1an River
510
101/800

From a legally permissible standpoint, the zoning and land-use plan are the primary determinates of the uses that will be placed on the land in the absence of deed restrictions and other legal limitations. Though this property is within a low-density residential zoning district and has a compatible future-land- 1se designation, it has been <led icated as right of way and has no potential for development with anything that is not right of way or utility related.

After examining the physically possible and legally permissible constraints, the jimmcially feasible alternatives and maximally productive use of the property were next considered. If the corridor were not a dedicated right of way for drainage, it could be segmented into multiple sites; however, this would require tremendous effort to market segments of the corridm for assemblage with sites that are mostly already developed and may not have a need for assemblage. Additionally, substantial effort has already been put forth to assemble the property into a corridor for right of way and drainage related purposes.

The property traverses a well populated area with no known substitute properties available to accommodate the local and regional demand for storm water collection and flood alleviation. The use of this corridor for .drainage provides economic and social benefits to the marketplace. A substantial cost and burden would be required to assemble lands from multiple property owners in the subject market to create a new corridor that would be able to accommodate the same use.

As such, the already assembled corridor has a cost avoidance benefit. These combined factors indicate the subject corridor benefits from enhancement and the highest and best use is to maintain the corridor and develop it as a regional drainage canal with potential to support other right of way or utility related improvements.

302	HIGHEST AND BEST USE CONCLUSIONS
As Vacant:   Maintain corridor for drainage and other right of way related uses.
As Improved:  NIA

305	APPROACHES TO VALUE USED AND EXCLUDED
As discussed, the abbreviated parent tract represents a portion of a right of way corridor that provides drainage on a regional level. For many years, corridor owners have relied on a valuation model that uses an across-the-fence (ATF) valuation method and a corridor enhancement factor to determine value.

The premise of the ATF concept is that once a group of parcels is assembled into a corridor, it would have no less value than the land through which it passes and creates a synergism that may enhance the value, since a new corridor would require a substantial undertaking that would involve purchasing lands from multiple prnperty owners at ATF values.

County: County Road: Parcel No.:
37

Jndian River
510
IO1/800

The enhanced value from the assemblage or plottage is based on the demand (need) to connect two or more endpoints or provide a regional service and assumes that no alternative corridor is available for such use. The plottage value is recognized in the valuation throt1gh a corridor enhancement factor.

In the following valuation, the sales comparison approach will be used to develop and report a unit value for the lands that are "across the fencei, from the subject corridor. The lands adjacent to and surrounding the abbreviated parent tract generally consist of residential acreage that is either suitable for low-density residential development or has already been developed with a low­ density residential subdivision.

Comparable sales that can suppo1t low-density residential use will serve to establish an opinion of unit value for the across-the-fence land. That unit value is then allocated to the size of the abbreviated parent tract. A corridor enhancement factor will then be applied to arrive at the market value of the abbreviated parent tract. The cost approach and income approach will not be used because this appraisal is of the land only.

Once the value of the abbreviated parent tract has been developed and reported, the acquisition must be valued. The land being acquired in fee will be valued based on the unit value of the abbreviated parent tract, as vacant inclusive ofany enhancement factor. The permanent easement will also be valued based on the unit value of the vacant abbreviated parent tract; however, consideration will be given to the fractional rights being acquired.

310	LAND VALUATION
In determining an ATF land, the appraiser considered the typical size and characteristics of the land abutting and surrounding the abbreviated parent tract. For the purposes of this valuation, the ATF land is concluded to represent a 50 to 100-acre residential acreage tract, with reasonable access, a fl.motional shape, average site utility, and reasonable access to water or sewer services.

In order to vall1e the ATF land, the appraiser searched the subject neighborhood and surrounding areas for sale transactions involving vacant land with similar development potential compared to that of the aforementioned ATF land. The sales found most relevant to this valuation, and selected for direct comparison with the property appraised, have been verified and written up into detailed data sheets that are presented in the Addenda.

The unit of measure for this valuation is price per square.foot. A grid is presented within the following pages that identifies information pertaining to the across-the-fence land and the compal'able sales. The sales are identified by a sale number that is comprised of a county code and their official record book and page or document number. For ease of discussion, each sale is identified in the comparable sales grid as Land Sale l, Land Sale 2, Land Sale 3, and Land Sale 4.

County: County Road: Parcel No.:
38

Indian River
510
I 01/800

Discussion of Comparable Sales
The following is fl SLtmmary of each comparable sale selected for direct comparison:

Land Sale 1 (70-9565-0427) involved a 292.580-acre tract of land on the north side of Malabar Road in the City of Palm Bay, Brevard County.  The property sold in July of 2022 for
$24,000,000, or $1.88 per square foot. The buyer's broker verified the property was partly entitled at the time of sale, which was reflected in the purchase price.

Laud Sale 2 (88-3445-1762) involved a 49.620-acre tract of land on the north side of 20th Street and the south side of 26th Street in an unincorporated Vero Beach, Indian River County. The property was sold in July of2021 for $2,900,000, or $1.34 per square foot.

Land Sale 3 (75-2020-0360920) involved a 130.880-acre tract of land that is soutb of Pol't Christmas Road and north of Lake Pickett Road in an unincorporated area of Christmas, Orange County. The property sold in July of2020 for $8,132,000, or $1.43 per squai·e foot.

Land Sale 4 (88-3284-1943) involved a 100.870-acre tract of land at the northeast corner ofUS Highway 1 and 82nd Street with additional frontage on the south side of CR 510 in an unincorporated Vero Beach, Indian River County.  The property sold in March of 2020 for
$5,700,000, or $1.30 per square foot. At the time of sale, the property was improved with old subdivision infrastructure, includit1g a guard stand, roads, stormwater retention ponds, and utilities. The sale price was verified to be representative of raw land value.

County: County Road: Parcel No.:
39

Jnclian River
510 l O I /800

LAND VALUATION
.SAL', E,_S C. OM' PA. - RIS' ON APP- ROA'  CH	
, F1\CTUAL DATA	ATF Parcel	l,and Sale 1
70-9565..()427	Land Sale 2
88-3445-1762	La11d Sale 3
75-2020-0360920	Land Sale 4
88-3284-1943	

Location:	
CR 5!0, Vero Beacl\ Indian River County	
.
N/S1dc ofMalabar Rd, Palm
Bay, Brevard County	7700 20th St & 7905 26th St, V cro	I 1, h.a·,mn R.iver
Bcac
County	4910  •l·ort	. .	Rd,
.N.	Clmstmias
Chnslirns, Orange County	
NEC of US I & 82nd St, Vero Beach, Indian River County	
Dale of Sate		Jlll-22	Jui-21	Jul-20		Mar-20	
Sale Price:		S24,000,000	$2,900,000	$8,132,000		$5,700,000	
Land Size (AC):	50 to 100	292.580	49.620	130.880		100.870	
Land Si1,e (SF):	2,178,000 to 4,356,000	12,744,804	2,161,447	5,701,133		4,393,897	
Sale P1icc/SF:		S1.88	S1.34	S1.43		Sl.30	
Property Rights:		S0.00	so.oo	so.oo		so.oo	
Financing:		$0.00	$0.00	S0.00		S0.00	
Conditions of Sale:		$0,00	S0.00	SO.DO		SO.OD	
Expenditures:		$0,00	$0,00	SO.OD		so.oo	
Adj. l'1ice/SF:		S1.88	SJ.34	Sl.43		Sl.30	
Time Adj./Monlh:		0.00%	0.00%	0.00%		0.00%	
Months Elapsed:		8	21	33		37	
Multiplier Factor:		1.000	1.000	I.ODO		1,000	
Time Adj. S/SF:		SJ,88	Sl.34	Sl.43		SI.JO	
Co11111, Elements				
Location	Suburban			
		Superior	,.[0% Similar

292.580	0% 49.620

Inferior	10% Similar

Similar	0% Irregular Floodpla i11'1nforior·	 5% Similar
PUD / MFR & SFR	Oo/c0 RM-6 & RS·6 /
M-I

Water/Sewer	0% Water/Sewer

None	0% None

Entitled	-20% None	0% Sit. Superior

0% 130.880

0% Similar

5% Similar

0% Similar

0% R-CE-C /RS 1/1

0% Water/Septic

0% None

O"lo None	-5% Slt. Superior

0% 100.870

0% Similar

0% Similar
0% Wetlands/Inferior OCR,RM-6&
0% CON-2 / C/J, M-1, &C-2
0% Water/Sewer

0% Old Infrastructure

0% None	-5%

0%

0%

0%

5%

0%

0%

5%

0%	
Size (AC)	50 to 100					
Access	Average,					
Shape	Frnictioual					
To1mgraphy	l.evel/Avernge					

Zoning!FLU	
RS-3/L-l					

Pnblic Utilities	
Water/Sewer F9rce Main					
Site Utility	Average					
Entitlements	None					
Net Adjustment		Supe1ior	-15% Sit. Inrciior	5% Sit. Su1mior	-5% Sit Inferior	S%	
Adjusted S/SF:		Sl.60	Sl.41	Sl.36	Sl.37		

County:	Indian River
County Road:	510
Parcel No.:	l 0 l/800
40

Discussion of Adjustments
The current professional recommendation for the order of sequence in the adjustment process is to fast consider prnperty rights conveyed, financing (cash equivalency), conditions of sale (motivation), expenditures made immediately after purchase, and market conditions. Once these five elements have been considered and adjusted for, the appraiser will next consider the locational and physical difference between the subject and the comparable sales,
Property Rights Conveyed:
The purpose of this appraisal is to value fee simple interest. All the sales involved the transfer of fee-simple interest and no adjustments are required for this element of comparison.
Financing, Conditions of Sale, and Expenditmes After Sale:
All the sales involved cash terms or terms equivalent to cash and no adjustments are necessary for financing. All of the comparable sales represented arm's-length transactions with no unusual conditions, atypical motivations, or expenditures after purchase.

Market Conditions (Time Adjustment):
There is limited market evidence to support a definitive upward or downward trend in pricing fol' vacant J"esidential subdivision land in the subject neighborhood. Tbis is due to a somewhat limited sales volume and diverse pbysical characteristics of the sales taking place, which both tend to skew statistical data and place constraints on the ability to pair data.

Discussio11s with local brokers and real estate agents indicate market conditions have improved over the past several years. The comparable sales selected for direct comparison have taken place over the last 37 months, during a period of relatively stable to slightly improving land pricing.

Though a specific adjustment for market conditions could not be extracted from the local market when considering the ATF land, as vacant, the overall price trends and sentiment of those active in the real estate market will be considered by the appraiser in the following valuation.

Physical and Locational Adjustments:
The next sequence of adjustments addresses the locational and physical differences between the comparable sales and the subject. An analysis of a lai·ge quantity of sale information did not provide a basis for specific quantitative adjustments for some elements of comparison. Therefore, the adjustments used were necessarily based upon the appraiser's professional judgment using past market experience and common sense. When pairing of sales was possible, the exercise was included to support a market-based adjustment.

County: County Road: Parcel No.:
41

Indian River
510
IO1 /800

In the comparative grid, the adjustments may be slight, significant, or substantial. An adjustment of less than 10% is slight, while an adjustment between 10% and 20% is significant. An adjustment greater than 20% is substantial. Great effort has been put forth to find sales that do not require a substantial adjustment, The individual physical and locational elements of comparison are discussed as follows:

Location:·
The ATF land is fronting on CR 510 in unincorporated Vero Beach. It is located in an area that is transitioning away from agricultural uses in favor of low-density residential development.

Sale I is in a growing area of the City of Palm Bay which is an overall superior submarket in comparison to that of the ATF land. As such, Sale I has been adjusted down by I 0%.

Sale 2 has a relatively similar location in a transitional area that is comprised of low to medium density residential development with a considerable amount ofland available for development. As such, no adjustment is necessary for this element of comparison

Sale 3 is in unincorporated Orange County and has frontage on Lake Picket, while Sale 4 is located on US Highway I in Sebastian and has frontage on the Indian River. Sale 3 and Sale 4 are in relatively similar neighborhoods but are superior due to their waterfront locations and have each been adjusted down by 5%.

Size:
The comparable sales range in size from 49,620 acres to 292.580 acres and bracket the size of the ATF land. Adjustments for size are typically based on the princ.iple of size regression, or the inverse relationship between unit price and unit size. This is to say that smaller parcels tend to yield a higher unit price in comparison to larger parcels, all other factors being equal.

In this instance, all of the sales at'e similar enough in size when compared with the ATF land, that the market would not recognize an adjustment to the unit price paid based solely on the element of size, and no adjustments have been made.

Access:
The ATF land has direct frontage on a public right of way for access. Sale 1 is fronting on a public right of way; however, the right of way is currently unpaved. While the roadway can support access to the property as agricultural holding land, it wiII need to be improved by the developer to support residential subdivision development. As such, Sale I has been adjusted up by I 0%.

Sale 2, Sale 3, and Sale 4 all have similar direct access and do not require an adjustment for this element of comparison.

County: County Road: Parcel No.:
42

Indian River
510
IO1/800

Shape;
The ATF land has shape that is fully functional to support development. Sale 1, Sale 3, and Sale 4 have irregular but fully functional shapes that can support residential subdivision development. As such, Sale I, Sale 3, and Sale 4 do not require an adjustment for this element of comparisoh.

Sale 2 has an irregular shape that is comprised of two essentially non contiguous land areas that only touch at the corner but have an off-site easement available to allow access between the two land areas. It has an inferior shape in comparison to the subject property, which is compri..sed of contiguous lands. As such, Sale 2 bas been adjusted up for its inferior shape.

Topography:
The ATF land has average topography that is capable of supporting residential development without incurring atypical site development costs. Sale 1 is within the floodplain and has a smaH area of wetlands on-site. Sale 4 has a considerable vegetative buffer/wetland area adjacent to its river frontage that is 11ot suitable for development. As such, Sale I and Sale 4 have been adjusted up by 5%.

Zoning/FLU:
The ATF land is zoned RS-3, Single-Family Residential (3 du/acre) with a future-land use ofL-1, Low-Density Residential-I (3 du/acre)·and is capable of supporting residential subdivision development.

All the sales have relatively similar zoning and future land use designations jn comparison to that of the ATF land, which allow for low to medium density residential development and no adjustments are necessary for this element of comparison.

Public Utilities:
When considering the ATF land as vacant, there are no uti lilies on-site. A11 public utilities are available to the subject property including water and sewer services. Sale 1, Sale 2, and Sale 4 have access to public utilities and are similar to the subject,

Sale 3 has direct access to public water but requires the use of on site septic due to a lack of public sewer service in the area. It was verified that this is typical for that area and did not have a negative impact on the price paid for the property. Having large lots that could support development with a septic system was preferred over investing in the extension of sewer lines to the project, which would have increased development costs.

Site Utility:
This element of comparison pertains to encumbrances on-site that would place constraints on full utilization of the site or off-site benefits that would result in superior site utility. The ATF land has average site utility with no detrimental encumbrances or off-site benefits.

County: County Road: Parcel No.:
43

Indian River
510
101/800

Sale 1, Sale 2, and Sale 3 are similar and require 110 adjustments. Sale 4 was improved with aging infrastructure from an old, expired subdivision at the time of sale. The improvements did not add value to the land and were reported to have detracted from the appeal of the property. As such, Sale 4 has been adjusted up slightly to account for the added risk and potential increased costs associated with developing this property to its highest and best use.

Entitlements:
This last element of comparison pertains to entitlements for development. Sale 2 and Sale 3 sold as vacant land with no entitlelllents and do not require an adjustment.

Sale l was entitled for development of a ±317-lot residential subdivision at the time of sale. The development is to be comprised of mostly single-family homes with a few townhomes and villas. As such, Sale 1 has been adjusted down by 20% for having entitlements in place at the time of sale.
Sale 4 was previously approved for a residential subdivision development; however, the plans and permits associated with that development were expired and reported to have been given no value consideration at the time of sale.

Reconciliation for ATF land
The final step in this valuation analysis was to reconcile the unit value indicators into a final opinion of value for the land. After ali adjustments are applied, the sales indicate adjusted values that range from $ J .36 to $1.60 per square foot. All the sales are good indicators of value for the ATF land. The unit value of the ATF land is concluded to fall slightly below the high end of the range, or at $1.55 per square foot.

Co1Tido1· Enhancement Factor
The corridor enhancement factor is the equivalent of a multiplier that measures the importance of the corl'idor, or the plottage that has been created by the assemblage of the lands to create a corridor that provides a regional benefit and connects two or more points together that allow the use of a rail line or other corridor use such as a canal, pipeline, utility line, or recreational trail.

Appraisal literature is sated with articles and data that support corridor enhancement factors ranging from 1 to 2.62; howeve1\ support for factors in excess of 2.0 is vet·y limited. Likewise support for no factor is also limited. According to a study conducted by Arthur G. Rahn, most data collected from a sampling of 43 corridor transactions supports an enhancement factor ranging between l. I and 2.0 with a tendency toward ±1.5.

This is supported by another study prepared by Seymout\ which found that rail corridors tended to support a factor of 1.1 to 1.2, while electrical corridors were higher with a range between 1.5 and 1.7. Seymour determined that the enhancement factor tends to hinge on characteristics of the corridor such as the relative end points of the corridor, other points along the corridor, density of development adjacent to the corridor, the value of the ATF land that is abutting the corridor, demand, the availability of a substitute corridor, the length and width of the corridor1 the straightness and curvature of the corridor, the grade of the corridor, and the overall number of parcels that would be required to assemble a similar corridor.

According to Clifford A. Zoll, who published "Rail Corridor Markets and Sale FactOl's" in The Appraisal Journal (October 1991), conidors purchased for liquidation were actually discounted with a factor of 0.25 to 0.5, while corridors pmchased for continued use as a corridor yielded factors between 1.00 and 1.74.

The subject corridor is in a suburban market that is partially built-out with low-density residential and institutional uses with a considerable amount of land still available for development. It has a narrow and irregular shape but does have a long straight stretch of land adjacent to CR 510. Demand is present for drainage infrastructure in the local area and regional market as evidence by a high prevalence of wetlands and flood hazard areas in the area, and proximity to the Atlantic Coastline with publications documenting localized flooding in the market area.

Though the canal is held under a separate fee ownership the property maintains easement rights to the canal and overall control over the drainage corridor/l'ight of way and it must be considered that it is part of a larger canal that ties into the St. Sebastian River to the 1101-th and a broad network of other drainage canals that extend in an east to west direction to the south of CR 510, All things considered, the corridor enhancement factor for the subject is concluded to be 1.5. This indicates a unit value for the abbreviated parent tract of $2.33 per square foot ($2.33 per square foot x 1,5
= $2.33 per square foot).

Final Value Conclusion
The total value ofabbreviated parent tract based on $2.33 per square foot is calculated as follows:.

Land Class	Area
Residential Subdivision Land	332,319
Total Value of Vacant Land (Rounded)

Unit
SF	X

Unit Value
$2.33

Total Value
$774,303
$774,400

390	RECONCILIATION OF VALUE INDICATIONS AND VALUE CONCLUSION
This appraisal includes a valuation of the land only. The sales comparison approach was the sole­ indicator of value for the land, as vacant. As such, no further reconciliation is necessary. The value of the land is concluded at $774,400.

395		ALLOCATION OF LAND, SITE IMPROVEMENTS, STRUCTURES, AND OTHER IMPROVEMENTS

Item	Total Value (R)	
Land	$774,400	
Site Improvements	$	0	
Total Value of Abbreviated Parent Tract:	$774,400	

DESCRIPTION AND VALUATION OF PART ACQUIRED

400	DESCRIPTION OF PART ACQUIRED -PARCEL 101
The abbreviated parent tract is being subject to a 2.636-acre fee acquisition (l 14,824 sf), which is identified as Parcel 101 on the project right-of-way maps. A summary description of the acquisition and right-of-way map exhibits are presented as follows:

• C

Shape of Acquisition: Location:

w ,1,HT"Ji9..111..r..:iot n1_

1.m:u

2!£!!Q_L..,_11l'•_.•

O(Sll'l[Cf Ut.Tf:J.AL •o• CANA.l

SE8A.S(IAN RIVUI O,U,HtAGE"

(D.D. l1, PG. un

Ol'JI.. J'W

------- r ,--/ J------- ·;j_fif.;ot"''" --

fl_ SURVcY C,R1 510 190lh AVENUE)  l
&i.

TO Di c:olJ

'..	o :: £,r.:: '-· e: ;

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i

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IU	"C-1'1  •	lt,tr.tt'{rM:111 \ CDATDW:C,U>'\}

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- -

Length/Width: Depth: Improvements:

Irregular
The acquisition is comprised ofnvo non-contiguous land areas. A portion of the acquisition exists as an irregular strip benveen CR 510 (90th Avenue) on the west and the drainage canal on the east.
Another portion of the fee acquisition exists on the east side of the canal, ±228 feet north of CR 510 (85th Street)
West of Canal- 1,799.23 feet along CR 510 East of Canal- 286.40 feet along canal
West of Canal- 0 feet to 235 feet
East of Canal - 27.82 feet to 30.39 feet None

Right-of-Way Map Exhibits

450	VALUATION OF PART ACQUIRED-PARCEL 101

Land
The land in the acquisition area is concluded to have the same unit value as that of the abbreviated parent tract, or $2.33 per square foot The total value of the land to be acquired in fee, is as follows:

Land Class	Area
Residential Subdivision Land	114,824
Total Value of Vacant Land (Rounded)

Unit
SF	X

Unit Value
$2.33

Total Value
267,540
267,600

460	DESCRIPTION OF PERMANENT EASEMENT ACQUIRED - PARC EL 800
Parcel 800 is a perpetual easement that contains 6,582 square feet, or 0.15 acres, which is identified as Parcel 800 on the project right-of-way maps. A summary description of the acquisition is presented as follows:

Shape of Acquisition: Location:

Length/Width: Depth: Improvements:

Irregular
The northeast quadrant of the curve transition between CR 510 (90111A venue) and CR 510 (85th Street), along the west bank of the canal.
272.06 feet along the west side of the canal
25.33 to 77.01 feet None

This perpetual easement is for the purpose of constructing and maintaining drainage strnctures, pipes, end walls, slope stabilization, ditch, or swale beneath the said property, together with the right of access, ingress, and egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure, along with any other incidences necessary or convenient in connection therewith. A right-of-way map exhibit is presented as follows:

HLH,Htrl?.111, .ltt.

& 1•.. u

Right-of-Way Map Exhibits - Parcel 800

470	VALUATION OF PERMANENT EASEMENT ACQUIRED- PARCEL 800
The land in the easement area is concluded to have the same unit value as that of the whole, or
$2.33 per square foot. This acquisition involves a permanent drainage easement that is being acquired by the FOOT for constructing and maintaining drainage structures, pipes, end walls, slope stabilization, ditch, or swale beneath said prope11y. Together with the right of ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure.

The easement will represent an encumbrance on the land that takes the subsurface rights and most of the surface rights that are part of the bundle of rights associated with fee ownership of the land. The surface rights to the land will be shared with the property owner and the landowner must bear the risk that the Department could disrupt use of the land with the easement areas for repairs any time work is needed.

Based on this, it is concluded that the easement rights represent 90% of the underlying fee value of the land, or $2.10 per square foot. The total value of the proposed perpetual easement is allocated as follows:

Land Class	 Area	Unit Perpetual Easement	6,582		SF Total Value of Vacant Land (Rounded)

Unit Value
X	$2.10

Total Value
$13,822
$13,900

495	TOTAL VALUE OF LAND AND IMPROVEMENTS ACQUIRED

Item	Parcel 100	J>arcel 800	Total	
Land	$267,600	$13,900	$281;500	
Improvements	$	0	$	0	$	0	
Value of Part Acquit-ed:	$267,600	$13,900	$281,500	

VALUATION OF REMAINDER AS PART OF THE WHOLE

500	VALUE OF REMAINDER ASP ART OF WHOLE PROPERTY
The remainder as part of the whole, is valued by deducting the value of the taking from the value of the whole abbreviated parent tract.

Value of Abbreviated parent tract	$774,400	
Value of Acquisition	$281,500	
Value of Remainder-as Part of Whole	$492,900	

PREMISES OF THE APPRAISAL-THE REMAINDER

640	PURPOSE OF APPRAISAL OF REMAINDER
The purpose of the appraisal of the remainder is to develop and report an opinion of its market value to discover if there are any severance damages caused by the taking, or special benefits caused by the construction or improvement made or contemplated in accordance with Section 73.071(4). F.S.

The appraisal of the remainder is made under the assumption the acquisition has taken place, the new roadway imprnvements have been constructed and placed into service, and the market has become accli'mated to the new improvements (a hypothetical condition). The use of this assumption may affect assignment results but is necessaiy for the purpose of analysis and producing credible assignment results,

680	APPRAISAL PROBLEM FOR REMAINDER
The first step in solving the appraisal problem involves analyzing the remaindet' p1·operty and the effects on the remainder due to the acquisition, A valuation of the rem aindex is then performed to determine the extent of the damage or special benefit, if any.

PRESENTATION OF DATA-THE REMAINDER
730	DESCRIPTION OF REMAINDER
The remainder property has a size of 4,993 acres, or 217,495 square foet and is 34.552% smaller than the parent tract in the before condition. Additionally, 3.03% of the remainder property is encumbered by a permanent easement.

The remainder will continue to have ii-regular, narrow, and elongated shape in the after condition that is bifurcated by the canal and has reduced frontage on CR 510. The acquisition included an casement to construct, operate and maintain drainage structures to facilitate drainage so the cana! abutting the remainder remains open and can continue pass under the new right of way for CR
510. A cost to cure is not necessary for the remainder.

740	ZONING, LAN]) USE PLAN, AND CONCURRENCY
There are no known changes to the zoning, future-land use, or concurrency. The property will continue to be a dedicated right of way with no potential for development other than right of way related improvements in the after condition.

750	PROPOSED TRANSPORTATION FACILITY DESCRIPTION
The subject project includes reconstruction of a 1.99-mile section of CR 510 (85th Street/90th Avenue) in the City of Sebastian and unincorporated Indian River County. The project proposes to widen CR 510 from a 2-lane 1·ural rnad to a 4-lane divided urban section with a grass median.

The project design plans include upgrading all crosswalks to full pedestrian traffic signals, extending the right turn lane on CR 512 at its intersection with CR 510, constmction of a 7-foot­ wide bicycle path and 6-foot-wide sidewalks on both sides of the l'ight of way. The project also proposes to soften the curve at the transition between 90th Avenue and 85 th Street, reconstruct the existing bridge over a lateral drainage canal in the vicinity of the curve and constrnct a closed drainage system. A visual depiction of a typical section of the proposed roadway is as follows:

PIWPQSE/J R/W U.\I:" OR
-EXISTlfiC ltH( HUE

@ SURVEY CR 510	I

PROPOSED R/1'1 \/NE QR

I

V f C0!/5T, CRsro	EXl,,ST'l''':'· .'J.,,::s'" :;NE	l	l'
C:0,'15HWO10 i

	5fANDARO Cll:AR.IIJG & GRUBBJ/iG	
R/W V,tRIES 54' 70 6/'-3.5"	RIW VAR/Sd,]_54" 70,65"L  .•
ruw 50	fll\'I VNHE5 ( 0" 10 l J!:IJ	t	J

VARI£
ll""-

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1I<'-I 1

CUf<8 f, J l;--<---'--'<....L.. ,.L]\
GUTTER TYPE E

<i. CONST. CR 510
ST A. 99+37.43 TO ST A. 151+00.00
TRAVEL AND BIKE LANES

\, -¥  ,..._
I L11AIURl,l
GROUND

The proposed improvements adjacent to the remainder property will consist of four through lanes, a median opening and left and right turn lanes. The new roadway will be constructed approximately l foot higher than the existi!1g CR 510 roadway with concrete sidewalk and grass drainage swale along the CR 510 right of way. The proposed improvements will be harmon.ized with the remainder property within the right of way. The only constn1ctio11 taking place within the remainder wi.11 be for construction of a drainage pipe and concrete end wall in the north easement toward the center of the CR 510 frontage and to establish riprap at.the base ofa concrete box culvert that will be constructed within the right of way at the southwest corner of the property.

775	EFFECT OF ACQUISITION ON REMAINDER
The remainder is 34.552% smaller than it was in the before condition and will continue to exist as two irregular and non-contiguous strips of a dedicated drainage right of way. Additionally, 3.03% of the remainder property is encumbered by a permanent easement.

The remainder will continue to function as a dedicated right of way for a regional canal in the after condition and will remain accessible from the public right of way. Dedicated access driveways are being constructed to provide access to all four quadrants of the remainder property. The location and design of the proposed driveway connections are reflected in the enclosed After Condition sketch prepared by Sexton Engineering.

Market participants would not recognize an adjustment to the unit value of the property due to the reduction in size or change in shape. After analyzing the condition of the remainder property, it is concluded that there are no changes to the property or conditions created by the pt'oject that would result in severance damages and there is no cost to cure for the remainder.

ANALYSIS OF DATA AND CONCLUSIONS-REMAINDER
800	HIGHEST AND BEST USE OF THE REMAINDER
The highest and best use of the remainder has been analyzed considering the four criteria of highest and best use. The remainder can support all the same uses it could support in the before condition, The acquisition has not affected the development potential or marketability of the abbreviated parent tract as a right of way corridor.

The highest and best use of the remainder is the same as it was for the abbreviated parent tract, which is to maintain the corridor and develop it as a regional drainage canal to collect stormwater and alleviate flooding on a local and regional level with potential to suppo1t other right of way related improvements.

802	HIGHEST AND BEST USE CONCLUSION OF THE REMAINDER
As Vacant:	Maintain corridor for drainage and other right of way related uses.
As Improved:  NIA

805	APPROACHES TO VALUE USED AND EXCLUDED FOR REMAINDER
The remainder land will again be appraised by the sales comparison approach.

810	LAND VALUATION
The same sales used to value the abbreviated parent tract in the before condition have again been considered for the valuation of the remainder. No new adjustments or changes to the previously applied adjustments are necessary for the valuation of the remainder. The unit value of the unencumbered remainder is $2.33 per square foot. The unit value of the encumbered remainder is $0.15 per square foot. The total value of the remainder (rounded) is as follows:

Land Class	A1·ea
Unencumbered Subdivision Land	210,913 Encumbered Subdivision Land		6,582 Total Value of Remainder' Land (Rounded)

Unit
SF
SF

Unit Value
X	$2.33
X	$0.23

Total Value
$491,427
$	1,514
$492,900

900	SUPPORT FOR DAMAGES/NO DAMAGES TO THE REMAINDER
Damages are determined by deducting the value of the remainder from the value of the 1·emainder as part of the whole. A cost to cure the remainder is not necessary. As demonstrated below, there are no severance damages to the cured remainder.

Value of Remainder as Part of Whole.:	$492,900	
Value of Remainder:	$492,900	
Damages:	$	0	

910	COST TO CURE
A cost to cure is included when there are damages that can be mitigated by applying a cure, or when there are min.or items that can be re-established on the remainder to restore the full functional integrity of the property. In this instance, a minor cost to cure is not necessaty.

920	SPECIAL BENEFITS
Special benefits are specific benefits that accrue to property remaining after a taking, In this case, the new road constmction has not provided any special benefits for the remainder.

County: County Road: Parcel No.:
52

Indian River
510
101/800

995	SUMMARY OF VALVES

Pattial Acquh;ition

	Before Property				$774,400	
2	Part Acquired
Land	Parcel 101
$267,600	Parcel 800
$13,900	Total
$281,500		
	Jmprovernents	$	0	$	0	$	0		
	Total	$267,600	$13,900		$281,500	

Remainder (as pa1t of whole [l]-[2]
Remainder (appraised, Uncured)
Damages (total, Uncured)
Special Benefits
Damages [5]-[6]
Remainder (Appraised as Cured)
Remainder (Appraised, Uncured [4])
Damages, Curable [8J-[9]
Damages, Incurable {3)-(8]
Cost to Cure (or reestablish)
Improvements Cured but Paid for in
[2]
Net Cost to Cure [12]-[l 3]

$492,900
$492,900
NIA NIA NIA NIA NIA NIA NIA NIA NIA
NIA

Summai-y of Total Compensation		
	Patee! 101	Parcel 800		
Pait Taken [2]	$  267,600	$ 13,900	$ 281,500	
Damage, Incurable [7)	$	0	$	0	$	0	
Cost to Cure, Net, or Minor	$	0	$	0	$	0	
Total Compensation	$  267,600	$ 13,900	$ 281,500	

County: County Road: Parcel No.:
53

Indian River
510
101/800

ADDENDA

Neighborhood Photographs Description of Area and Neighborhood

Map of subject and comparable land sales
Copies of comparable land sale (data) sheets used in direct comparison

Consultant Reports
Sexton Engineering Associates, Inc. - Engineer
JMorton Planning & Landscape At-chitecture - Land Planner USDA - Web Soil Survey - Soil Map
FDOT Legal Description (s)
Copy of last instrument of conveyance (deed, easement, lease) Prnperty Owner Contact Letter

Appraiser's Qualifications

NEIGHBORHOOD PHOTOGRAPHS

Looking south on CR 510 from its intersection with CR 512.

Looking westerly along CR 512 at its intersection with CR 510.

Looking no11h along CR 510 from the east right of way line, ±500 feet south of Stony Point Drive.

Looking east along CR 510 toward its intersection with 88th Avenue, which is the entrance to Treasme Coast Elementary School.

Photos Taken by:	Amber Snead
Date Taken:	March 7, 2023

DESCRIPTION OF AREA AND NEIGHBORHOOD
The client for th is appraisal is the·Florida Department of Transportation. Planning for the proposed widening and realignment project included consideration of a multitude of factors. Some of these factors include environmental analysis, land-use trends, and socio-economic factors including projected growth rates, infrastn1cture, and input from public meetings. The client and the propel"ty owner are each familiar with the subject property and its surroundings; therefore, matters pertinent to the appraisal of the subject property are presented within the body of this report. General economic and demographical data for the Metropolitan Statistical Area (MSA), Indian River County, and the City of Sebastian are presented in the following Area and Neighborhood Descriptions,

The proposed project is in northern Indian River County. It is bordered to the north by Brevard County, the east by the Atlantic Ocean, the south by St. Lucie County, to the southwest by Okeechobee County, and to the northwest by Osceola County.

The northern lndian River County location of the project brings it under the regional influence of the Sebastian-Vero Beach Metropolitan Statistical Area (MSA), which generally coincides with the limits oflndian River County. The.City of Sebastian is in the northeast quadrant of the MSA and represents the central urban business district, while Vero Beach is in the southeast quadrant of the MSA, both of which are coastal Cities with proximity to the Indian River and the Atlantic Ocean. The western half of the MSA is largely unpopulated and consists primarily of agricultural, conservation, and park. land.

The Sebastian -Vero Beach Metropolitan Statistical Area is accessible via US Highway I (SR 5/Federal Highway) and Interstate 95, which both traverse the neighborhood in a north-south direction. They provide ease of access to other cities along the Atlantic Coastline, including the cities of Palm Bay and Melbourne to the north and Vero Beach and Ft. Pierce to the south.

Three principal arterial roads,.including CR 512, CR 510, and SR 60 traverse Indian River County in an east-west direction, providing a connection between Interstate 95 to the west and US Highway 1 and Highway A lA to the east.

CR 512 (Sebastian Boulevard) starts as a minor arterial road at its intersection with US Highway l and extends south/southwesterly through the City of Sebastian. It transitions into a principal arterial road as it extends west past its intersection with CR 510 toward its interchange with Interstate 95, where it reverts back to a minor arterial road as it continues onward through the City of Fellsmere and curves to the south until it terminates at its intersection with SR 60.

CR 510 is a critical part of the local infrastructure providing travelers with direct access to the beaches along the Atlantic Ocean, The eastern terminus of CR 510 is at its intersection with Highway AJA, where it is known locally as Wabasso Beach Road. Going west, CR 510 becomes the Wabasso Causeway Bridge as it.crosses over the Indian River and intersects with US Highway 1 as a principal arterial road that is known locally as 85th Street. It continues westerly for ±4.5 miles before curving to the north and transitioning into 90th Avenue and terminating at its intersection with CR 512.

The most southern principal arterial road is State Road 60, a critical road that traverses the entire width of the Florida peninsula between Vero Beach along the Atlantic Coast1ine and Clearwater Beach along the Gulf Coastline. It extends directly through the heart of the City of Vero Beach, providing travelers direct access to the city and its beaches.

Indian River County is home to the Vero Beach Regional Airport, which offers commercial flights to/from New Jersey and Maine. Since air travel patterns are Iimited at th is airport, travelers seeking national and international travel must utilize larger airports that are outside of the MSA, such as the Melbourne International Airport to the north in Brevard County, the Orlando International to the northwest in Orange County, and the Palm Beach International to the south in Palm Beach County.

Personal and/or corporate aircraft can fly in and out of the Sebastian-Roseland Municipal Airport the boutique Sebastian Airport, which is a city owned afrport that caters to business travelers and offers fly-in golf packages and conference room space.

Indian River County is home to 26 miles of beaches, 18 golf courses, and a comfortable climate making it an attractive relocation destination. Due to the quality of life, access to the Atlantic Ocean, and governmental incentives, the county has attracted a high concentration of aviation and marine science industries, emerging technologies, life sciences, manufacturing, and specialized healthcare. Many distribution and transportation companies have also 1·elocated to Indian River County because of its convenient access to interstate highways, the Florida East Coast Railroad, Port Canaveral to the north and the Port of Fort Pierce to the south.

Indian River County has incentivized business growth through several business-friendly programs. Companies can enjoy tax abatements, expedited permitting, and local job grants. In particular, the county's local job grant program awards targeted businesses with up to $7,000 per job created (an additional I 0% if the business is located within the enterprise zone). According to the Indian River Chamber of Commerce, manufacturing companies have been the biggest benefactor of this program. The state of Florida also uses incentives to attract residents and businesses alike,

The four largest employers in Indian River County are Cleveland Clinic Indian River Hospital (2,112 employees), the School District of Indian River County (2,039 employees), Indian River County (1,455 employees), ahd Publix (1,380 employees). According to the Florida Department of Economic Opportunity, the unemployment rate was 2.60% in December 2022.

Another important job creator in the county is tourism. Tourists are attracted to the area due to the mild subtropical weather, pristine beaches, and some of the best surfing spots in the country. Residents and tourists alike also enjoy kayaking on the Indian River Lagoon, boardwalks along the beaches, and treasure hunting leftover loot from a 1715 fleet of Spanish treasure ships.

The total percent of county jobs that are supported by visitor spending is 9.8%. There is a 3% year-over-year growth in visitor spending, which not only helps local businesses but boosts the state and local tax revenues. Tourists traditionally will visit from November through March; increasing business revenues throughout the county on a seasonal basis. In paiticular, restaurants• revenues increase by 50-60% dming this peak tourist season.

Indian River County is ±543 square miles, of which ±41 square miles are water. The majority of the. land is devoted to agriculture, in particular grapefruits and oranges. The calcific soil, high water table, and humidity result in some of the best citruses in the country. About 7.5 million bushels of Indian River County Citrus are shipped around the globe annually.

There are five municipalities in Indian River County including Sebastian, Fellsmere, Vero Beach, lndian River Shores, and Orchid; that altogether cover ±37 square miles. The county has experienced consistent growth of ±2% growth per year, over the last IO years.

Four of the municipalities are located on the east coast. Sebastian, being one of them, has the largest population and economy, with 16% of the county's residents. Going south, the city of Vero Beach has the second most populous municipality, with 11% of the residents.

Fellsmere, which is located in the western portion of the county, has the greatest amount of acreage, annexing 20,000 acres in the last five years. Despite its geographical size, Fellsmere is sparsely populated with only 3.5% (± 5,768 residents) of the county's population within its limits.

The Town of Orchid is located on the barrier island between the Indian River and the Atlantic Ocean. It is an exclusive community that has just ±500 residents, although it is ranked 9th in the 20 l O census in regard to the highest income in the United States. Many of the residents of Orchid are seasonal with 80% of all the population leaving during the summer months. Most of the town is in a gated community called, "Orchid lsland Golf and Beach Club." Though this town has a small population, the expendable income offered by this community has a positive economic impact throughout the county.

The Town of Indian River Shores is located oi1 Orchid Island. It is an upscale town with a total of
7.2 sq miles (2 miles of which is water) of geographic coverage that is mostly comprised of low­ density gated subdivisions. The town has approximately 8,000 residents, halfof which are seasonal residents, going back to their northern homes during the sun1mer. It is known for pristine beaches and controlied growth.

The subject project extends through two zip codes that generally depict two separate market areas. The zip code 32958, whi'ch includes the City of Sebastian and some unincorporated areas to the west and southwest of the City of Sebastian. It has a population of 28,991 residents with a population density of 1,790 people per square mile and has had an increase of 17,1% since 20 IO. The median age is 45.3 years, and the median household income is $67,402. The median estimate home value in this zip code is $293,558 and the median home age is 28 years. Most homes are owner occupied and new construction is prevalent.

The zip code 32967 is comprised primarily of unincorporated areas of Vero Beach that are to the east of 1-95, and between the City of Sebastian to the north and the City of Vero Beach to the south. It has a population of 27,729 residents with a population density of 454 people per square mile and has had a population increase of34.9% since 2010. The median age is 45.3 years, and the median household income is $67,402. The median estimate home value in this zip code is
$293,558 and the median home age is 23 years. Most homes are owner occupied and new construction is prevalent.

Page 110

Tobi Ii of Penai1i1C.1l-end.ir Y,ar (>ll
i111i\dicriou1\	2000-2009
Permih	2010
Pitnnih	2011
Ptrmih		,2012	2013
Pe-rmih	20U
Pe-nnit'i	201;
Pen.nits	2016
Pu-mil'i Pe	2017
nnlh	2018
Penn.lcs	!019
Ptrulll'5.	2020
Pennih	2021
Penn.its	
				Pt"rmils										
Tot.11Siegle F.inuly Un.iti	17,179	JOO	309	364	531	6S3	809	914	979	1.229	1,116	l.lJ3	l,jj]	
Total Multi-F,mllly
Units	3,773	4	H	8	12	9	120	1)5	79	Ill	228	28	73	
Total Mobile Howe
Srtul>'i	363	7	j	Jj	27	39	45	76	29	105	85	17	6t	
To1al Colllruo!rcial
SOIT	6,051,733	63,566	IO-l.505	289.0-19	90.803	170.90-l	345,160	Jl9,>1I  1	46.IJS	561,579	251.&lS	136.611	336.450	

To1 I Rt1lthn1i.:t.l l'11ih :rnt1 Pnmih
foll iurhdictio1.n)	Tot.11Re- id,utill G"oits	
	(cQtnJ1liettlartin!: frQ1n 1000 cenrn'i indic;iti.u2 t-ih	·1io2 units throu2h lo onstnt)	
Tora! Simrle F wilvUnits	6lA54	
ToL'1 Muhi.fa.ruil •Units	19,12	
T 01a.l Mobile Homt Serups.	7,743	
To1alH01.\l.itu:Uuit'>	90,311	

January 2022	Department Activity

Historlrnl Resldeutlnl Dulhliug Pel'lnit ArtMty (llnlucon1on1le<lIoclinn Rlver Countv)	
	3000 ·	.......
.:.: 2S00
1::5( 2000
1S00
1000
6	soo
0
"	f:	'-!f' ".t" ..f	oC  •l° 4' -';"  ..f  ..f	,::1
I- Single Family -	Multiple Famlly I		
--	--	---- --- - ------	

I

I
I

January 2022

Department Activity

Staff Level aucl Planning & Zoning Commission Approved Residential Projects In 2021

I

	
I	\	
I	\	
	-	-	 _/		\	A.	-	
	_-JV -			'--- "'....		

i

Pl'ellmlnnl'y Plat and PD Plan Projects	:--umbn orLots/Unlts	
Harbor Isle	170	
Hamoton Pnrk PD	150	
Libertv Park PDTh'D Phases IA & lB	159	
Saxon Harbor Bluffs PD	285	
The Griffon No11h PD	166	
Venetian Oro\"e	900	
Wisteria Walk PD	121	
Total	2.051	
		
?llulti-F:unilYSite Plau Projects	?\umber of Units	
The Griffon South	131	
The J•,..fason Vero Beach	175	
Total	306	
		
COIJCt(llUal Plnu Projects	,.;umbel' orLots/Uults	
The GriffouNonh PD	166	
Sel.laslian Laudin!! PD	72	
Total	238	

Total Number of Lots/Units 2006	3.024	
Total Number of Lots/Units 2007	700	
Total Number of Lots/Units 2008	1.470	
Total Number of Lois/Units 2009	368	
Total Number of Lots/Units 2010	51	
Total Numl.ler of Lots/Units 101I	49	
Total Numl.ler ofLotsfUnils 2012	140	
Total Number of Lots/Units 2013	93	

Total Number of Lots	tUnits l01--1	1.613	
Totnl Number ofLotstUnits 1015	4S--1	
Total Number of Lois/Un.its 2016	435	
Tolnl NmuberofLots	tUnits 2017	603	
Totnl Number ofLots'l.Jn.it, 2018	1,080	
Total N1uubcrofLotsll.Jnit, 2019	2.o61	
Total Number ofLots	Uuits 2020	1.255	
Total NumberofLotsll.Jnit, 2021	2.595	

As shown on the preceding page, the number of residential building permits being issued in Indian River County has been on the rise since 2008 across all residential subcategories, including single­ family, multifamily, and mobile homes. The number of new residential lots being approved by the Indian River County Planning & Zoning Commission increased annually between 2015 and 2021; however, the number decreased from 2,595 residential lots in 2021 to 730 lots in 2022.

According to C0Sta1·market reports for the Sebastian-Vero Beach MSA, retail rents were rising at an annual rate of 5.5% during the fourth quarter of 2021 and vacancy is at 8.2%. There is no notable construction taking place in the retail industry, with the exception of a few gas-stations and car washes scattered throughout the MSA.

The office market is experiencing rent growth at a rate of 3% a year and has a slightly lower vacancy rate of 4.8% with no major new industrial construction projects under way.

The multifamily market has a very nominal vacancy rate of 1.5% with rent growth of 10.6% over the past year. There was very little inventory delivered to the multifamily market over the last twelve months; however, there are cmTently 330 units under constrnction, which is the largest addition to the pipeline in over three years.

The industrial market is also experiencing low vacancy of 2.6% and high rental rate growth of nearly 6% over the past year with approximately 45,000 square feet of new industrial space is underway with 90% of that space being preleased. Both of these developments are in the central business district area of South Vero Beach. They include a 1-story 22,500 square foot office building on 421 3rd, and a 22,500 square foot I-story office building on 415 3rd Ln SW that are both proposed for completion before March 2023.

The overall market outlook is positive, and the neighborhood is in a growth cycle. New construction is prevalent in the single-family housing market but is rather limited in the commercial, industrial., and multifamily sectors, despite low vacancy rates and increasing rental rates. This signifies pent up demand and the likelihood that more new construction will ensue in the years ahead.

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St Cloud

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70-9565-0427

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88-3284-1943

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Frostproof

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88-3445-1762

Lorida

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F.ort Pierce

LAND SALE DATASHEET
SALE NUMBER 70-9565-0427

Recording Data County
Book & l)age No.

Grantor
Grantee

Date of Transaction
Date oflnspection

Property Information Site Dimensions

Land Size Topography/Wetlamls Floodplain Data
Site Improvements Building Improvements
Annual Average Daily Traffic Data Sources

Consideratio11
h,	Unit Price

Type of Tnsti·ument

Tax	Account No.
Parcel ID No.

Tax Year Assessed Value Taxes

Physical Address

Location Description

Brevard 9565/0427

Malabar Holdings Group, LLC CRE-KL Malabar Owner, LLC

07/19/2022
01/27/2023

Essentially rectangular with a blunted northwest corner; see the sketch for dimensions.
12,744,804 SF; 292.580 AC (PlansNerification)
Mostly cleared, level/ ±4% of wetlands Flood Zones X500 and AE
Minor - No contl'ibutory value (see remarks) None
Malabar Rd (E of Property): 16,900 vehicles (2021) Public record, deed; verification, site inspection, FEMA Online Flood Map, USDA Soil Map; National Wetland Inventory Map, FOOT Traffic Online, Map Wise, and CoStar.

$24,000,000
$1.88 pea· SF or $82,023 per AC

Special Warranty Deed

2811425, 28114-26, 2811427, 2811428
28-36-32-00-250, 28-36-32-00-251,
28-36-32-00-252, 28-36-32-00-500
2022(Combined)
$ 142,950
$2,668.32

The property is vacant and does not have a physical address.
The property is on the north side of Malabar Road approximately 2,550 feet west of St. Johns Heritage Parkway NW in the City of Palm Bay, Brevard County.

Legal Description

I.	Zoning
Future Land Use

Ovel'lay District Municipality

m.	Present Use
11.	Hig11est and Best Use

o.	Condition of Sale

P•.	Financing

Encumbrances

Type oflmprovements

Utilities

Sale Vel'ification
By With
Relationship
Phone Date

A portion of Section 32 South, Range 36 East, Brevard County, Florida. See attached deed for full legal description.

PUD, Planned Unit Development MFR, Multi-Family Residential, and SFR, Single-Family Residential None found
City of Palm Bay

Vacant
Residential Subdivision Development Arm's length- no adjustments necessary
Financing for $1,080,833.33 through Park Square Enterprises, LLC recorded under OR Book 9565, Page 482. Additional financing for $634,200 through Kimaya, LLC is recorded under OR Book 9565, Page
501. Both Mortgage and Security Agreements were dated July 19, 2022 and recorded July 20 2022. Verified to have no impact on the purchase price.

According to the last deed of record1 the property is subject to an Easement Agreement for Perpetual Exclusive Access, Construction, Operation, and Maintenance by and between St. Johns River Water Management District and Melbourne-Tillman Water Control District, which is recorded in OR Book 8442, Page 2936. This 9.25-acre easement is located in the southwest corner of the property and is depicted on the parcel exhibit within the following pages.

None that contributed towards the sale price.

All public utilities are available including telephone, electricity, cable, water, and sewer,

Kristin L. Soltys, MAI Jackson Brittan Buyer's Agent
(817) 915-5026 01/26/2023

Motivation of Pal'ties Grantor
Gmntee

Dispose of asset/gain a return on initial investment Develop with a multi-phase, low to medium density residential subdivision

Analysis / Pertinent Information Cash Equivalency
Sale History:

Exposure Time
Days on Market

Cash equivalent- no adjustment necessary
There have been no other arm's length transactions involving this property within the past 3 years. A Quit-Claim Deed was recorded in November of2021 under OR Book 9337, Page 2170, Public Records of Brevard County.

12 to 24 months Unknown

	Remarks: This land sale was verified as being negotiated at arm's length and representing a market pmchase price. The prope11y had some old improvements on-site at the time of sale; however, the buyer's agent said that the improvements were not considered in the purchase price. No demolition costs or impact fee credits were discussed during negotiations. The property is mostly cleared, relatively level, and generally at grade with Malabar Road, which is a two-lane unpaved roadway adjacent to the property. It should be noted that the property is next door to Heritage High School.
At the time of sale/closing, the property was partially entitled. Construction plans were drafted and returned with City comments in June of 2022. Plans were submitted to the St. John's River Water Management District (SJRWMD) in July of 2022. According to the plans submitted to the SJRWMD and information provided by the buyer's agent, a portion of the prnperty is being developed with a 317-lot low to medium density residential subdivision, known as Malabar Springs - Phase I.
The last deed of record mentions Resolution 2021-56, which granted approval fol' the preliminary development plan (PDP) of a residential subdivision, to be known as Malabar Springs PUD, Planned Unit Developmet1t. The application was approved on September 1, 2021 and the PDP includes a total of 879 units comprised of 649-single-family homes, and 230 townhomes and villas/duplex.
The City of Palm Bay's GIS zoning map shows the property within the AU, Agricultural Residential (County) zon.ing district; however, the property was annexed into the City of Palm in May of2006 via Ordinance No. 2006-51, which is recorded in OR Book 5650, Page 7560. Additionally, there is a PUD in place for the property indicating that is the new zoning. Multiple attempts to verif'), this with the City were unsuccessful.
The listing agent mention this property was within a CDD, community development district; however, no information was found to confirm this.

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Source: Google MyMaps

Photo Taken by:
Date:

Kristin L. Soltys, MAI January 27, 2023

Source:	Brevard County Property Appraiser

bb. Transaction Instrument:
CFN 20221797'8!;"!1 OR BK 9565 Page 472, Recorded 07/20/2022 at 04;41 PM Rachel M.
Sadoff, Clerk of Courts, Brevard County Doc. D; $.168000,00

Prepnrnd hy, mid nncr recording return to:

Beny J, Walkcl', Ji'.;un employee of Walke,· & Tudhopc, !',A,,
225 South We,tmonte Drive, Suite 2040 Altmnuntc Spril1gs, Plorida 32714

Considernfion.:$:24,000,000,00 File Number: FA22-149
SPECIAL WARRANTY DEED
THIS SPECIAL WAlmAN'l'Y DEED, made !Ii.is July /  1 2022, between Malaba1' HolcU11gs GJ·oup, LLC a Flol'ida limited liability com1iany, whose mailing address is 103 Commerce Street, Suite 160, Lake Mal'y, Flodda 32746,(the ''Granlor"); and CRE-KL Mal:dm1· Ownci· LLC1 a Delaw:ll'e limited liability compa11y, whose mailing address is 105 N.E. ls.t Street, Delray Beach, Florida 33444 (the."Grantee").

(Whcn·evcr used herein the temrn Grantor und Grnntee lncludc all the partles to this instrument a,1d the heirs, legal
reprcsentutivcs, and assigns ofim11vidua1s, and Ute successors of assigns nfcorporati011s, trust and tn1 tecs.)

WlT ESSETll, that the Grantor, for and in considerntion of the sum of Ten AND NO/I 00 Dollars ($10,00) and other good and valuable consideration td said Grantor in hand paid by said Grantee, the receipt whereof is .hereby acknowledgecl, has granted, burgai1\ed, and sold 16 the Grantee, and Granteeis heirs and nss.igns forever,.the followiug described land, situate, lying and being in Brevard Co\mty1 Florida, to wit:
srm EXHllllT "A" ATTACHED HERETO

Subject, however, to (i) those Permitted Exceptions attached hereto as Exhil,it 118'',
(ii) tax_es not yet dite and payable for the year 2022 and llll subsequent years, and (iii) al-I applicable zonJng ordinances and/or restrictions and prohibitions imposed by governmeutal authoritie. , if any; provided however !hat the foregoing reference to said mailers of record ln this ins!rnmen! shall not be deemed lo reimpose the same.
TOGETHER with all the tenements, hereditaments, and appurtenances thereto belonging or in anywbe appertaining.

TO HAVE AND TO l:lOLD in fee simple forever.

AND the Grnntor hereby covenants with said Grantee that the Grantor is lawfully seized of said land; that Gnmtur hi!$ good right und lawful 1u1lhorily to sell and convey said land; that the Grm,tor hereby fully warrants the title to said {a11d and will defend !he same against the lawft1I claims of nit persons claiming by, through or under (he Gtantor.

IN WITNESS WHEREOF Grnntor }ms executed th.ls Special Wmnmty Deed on the day
and year first above written.

"GRAi'\lTOR"

Malahnr Holdings Gt•ou11, LLC	n Floddn limited liability comp:u1y:

I	//

By: 	,,._-_/:..,.,..c:- ,_;_(_(::...-v,.,··'_,:.,..-f_.."7. , • '	­
Sadique Jaffol,	Mana e{
·./  -  - •.  ..

Signed in the presence of the followl ng witnesses:

Signl\lUl'e ofwih1ess #1
Berry ,I. Walker,Jr.

Pri11t name of witness f/-1

/

,,_,alerli>A 1 t11anne• ---­
 
Pdnt name of witness #z

\,_t

STATE OP FLORIDA
COUNTY OF	/h J /'\ d  Lt..
11_1e fore oing ins(mn_1enl w s al:,l{,nowledgcd before me by eans of Lt::_f'physical prcscucc or
LJ	onhne notarization, lhts _/_'1_ day of July, 2022 by Sad1que Jaffer as Manager ofMnlaba1· _.
Holdings Group, LLC a Florida limited liability company, ou behalf of the company L.:J
who ls personally known to me or LJ who has produced 		- as
identificatio1J.

Notary Seal:

VALERIE A, FfRNANDEZ
COM.lllSSION UGO 36$462
emb 11",202,.

Name:
Not,ary Publi-c

V1. r1rfqA. h;,rt1r.111dl'1z

Serial Number	C Ce1.-35 --.5' L/ (p 'l..
My ConunissionExpires:	</  / <J. 3

2

Type: Vacant Residential La:ncf	Sale Number: 70-9565-0427

EXHIBIT"A" LEGAL DESCRIPTION

PARCELi

THE WEST 1/2 OF SECTION 32, TOWNSHIP 28 SOUTH, RANGE 36 EAST, BREVARD COUNTY, FLORIDA, LESS AND EXCEPT TI-IE SOUTHWEST l/4 OF THE SOUTHWEST I/4 AND THE EAST 1/2 OF THE SOUTHWEST l/4; ALSO, LUSS AND EXCEPT 1'1-lE MELllOUilliE-TlLLMAN DRAINAGE DISTRICT CANALS NO. 1, 56 AND 57 (CANALS NO. 56 AND 57 BEING SOMETIMES DESCRIBED AS CANALS NO. 5 AND 6 RESPECTIVELY.)

PARCEL 2
nm EAST 1/2 OF THE SOUTHWEST 1/4 OF SECTION 32, TOWNSHIP 28 SOUTH, RANGE 36 EAST, BREVARD COUNTY, FLOIUDA; LESS AND EXCEPT THE RIGHTS­ OF-WAY FOR MALABAR ROAD;

AND ALSO

LESS AND EXCEPT THE MELBOURNE-TILLMAN DRAINAGE DISTRICT CANALS NO,
56 AND 57 (CANALS NO, 56 AND 57 BEING SOMETIMES DESCRIBED AS CANALS NO.
.'i AND 6 RESPECTIVELY.) AND
THE SOUTHWEST 1/4 OF THE SOUTHWEST 1/4 O:F SECTION 32, TOWNSHIP 28
SOUTH, RANGE 36 EAST, BREVARD COUNTY, FLORIDA; LESS AND EXCEPT THE RIGHTS-OF-WAY FOR MALAD.AR ROAD; AND ALSO, LESS AND EXCEPT TIIE MELBOURNE-TILLMAN DRAINAGE DISTRJCT CANALS NO, 56 AND 57 (CANALS NO.
56 AND 57 BEING SOMETIMES DESCRIBED AS CANALS NO. 5 AND 6 RESPECTIVELY.)

Tax ldentificatioll Nmnbers:  2811425; 28 U426; 2811427 and 2811428

Parcel Identification Numbers: 28-36-32-00-250; 28-36-32-00-25 l; 28-36-32-00-252; and 28-
:16-32-00-500

3

Type: Vacant Residential Land	Sale Number: 70-9565•0427

BXHIBIT"Bh
PERMITTED EXCEPTIONS

Oil, gns and uliuernl reservations contained in Deed recorded in Deed Book 275, Page 384; Deed Book 313, Page 434; Book 179, Page 4; Book 179, Page 7; Book 206, Page 231; Book 206, Page
237; Book 208, Page 417; Book 209, Page 214; Book 266, Page 628,, The right of entry under said reservation has been released or is bmTcd by MRTA.

Oil, gas u11d mincrnl reservations contained in Deed Tccorded in Deed Book 318, Page 137 and Book 187, Page 223. The right of entry under said reservations has been released m· is burred by MR.TA.

Ordinance No. 2006-51 Providing for the Annexation of Certain Real Property recorded May 25, 2005 in Book 5650, Page 7562.

Easement Agreement fo1·Perpetual Exclusive Access, Constmctjon, OperatioJI and Mnintennnce by and belween SL Johns River Waler Man11gemi;:nt District and Melbourne -Tilhnat1 Water Control District recorded May 20, 2019 in Book 8442, Page 2936.

Resofution.2021-56 Granting Approval fot• a Planned Uni! Development recorded October 22, 2021 in Book 9301, Page 924.

Subject to Automatic phosphates, metals, ininerals and petroleum reservations by v.ittue of Section 270.l l (I), F.S, as to the portion of the subject properly desc1ibed in Deed/Convcynncc recorded November 291 2021 in Book 9337, Page 2170. (Note: The company may consideJ" deleting this exception after production of u :mtisfucto1y release of the mineml rights lo be recorded in the public records 01·, nlternntively, after review and approval of proof that such rights were not reserved or retained by the agency or required to be reserved by the enabling stah1tc of the; agency), NOTE: The right of entry has expired based on the subject parcel being less lhan 20 acres,

Note: All of the recording info1·1nation contained herein refers to the Public Records of BREYARD Cc;n111ty, Florida, un\c s otherwise indicated. Any reference herein to a Book. and Page or Instrument Number is n reference to the Offi.ch1l .Record BQoks uf said county, unless indicated lo the cou!rary.

4

Type: Vacant Residential Land	Sale Number: 70-9565-0427

Recording Data County
Uook & Page .No.

LANDSALEDATASHEET SALE NUMBER 88-3445-1762

Indian River County 3445/1762

Gran tor

c,	Grantee

Sasson Kassab and Regina Kassab, as Trustees of the Sasson Kassab Living Trust dated 8/5/2009
Griffon Residences, LLC

Date of Transaction
Date of Inspection

Prnpe1·ty Jnformatiou Site Dimensions Land Size
Topogrnphy/Wetlands Floodplain Data
Site Imprnvements Building Improvements
Annual Average Daily Traffic Data Sources

Considerntion
Unit Price
Type ofinstrument

Alternate Key (Prop ID) Account No.

Parcel ID No.

Tax Year Assessed Value Taxes

Physical Address

Location Description

07/19/2021
01/21/2022

Irregular; see the sketch for dimensions.
2,161,447 SF; 49.620 AC
Wooded, relatively level / no wetlands Flood Zone X
None None
20th Street - 18,700 vehicles (2020)
Public record, deed, verification, site inspection, FEMA Online Flood Map, USDA Soil Map, Nati,onal Wetland Inventory Map, FOOT Traffic Online, Map Wise, and Indian River MLS.

$2,900,000
$1.34 per SF or $58,444 per acre AC
Special Warranty Deed

60340 and 60345
33-38-01-00001-0030-000 I /0, and
33-38-01-00001-0070-0001/0
33-38-01-00001-0030-0001,0, and
33-38-01-00001-0070-000I  .0
2021
$  790,023
$12,458.77

7700 20th Street and 7905 26th Street, Vero Beach; Florida 32966
The property is located on the north side of 20th Street, ±1,050 feet west of Indian Creek Road in unincorporated Vero Beach, Indian River County, Florida.

Ty11c: Vacant. Residential Acreage	Sale Numher: 88-3445-1762

Legal Description

I.	Zoning

Future Land Use Overlay District
Present Use
Highest and Best Use

o,  Condition of Sale

Financing

Encumbrances

Type of Improvements

Utilities

Sale Verification
By
With Relationship Phone
Date

Motivation of Parties Grnntor
Grantee

A portion of Section I, Township 33 South, Range 38 East, Indian River County. See attached deed for the entire legal description.

RM-6, Multiple Family Residential 6 &
RS-6, Single Family Residential-6, Indian River County
M-1, Medium Density Residential (8 du/ac), Indian River County
None

Vacant
Multi-Family Residential Development

Arm1s length - no adjustments necessary

Financing for $38,444,116 through Trustmark National Bank as recorded under OR Book 3445, Page 1769. No impact on purchase price.

None found to adversely effect on the property. This property does benefit from an Access, Utility and Drainage Easement recorded under OR Book 3325, Page 1587.

None

All public utilities are available to the site including telephone, electricity, cable, water, and sewer.

Kristin L. Soltys, MAI
T. P. Kennedy Listing Agent (772) 473-2521 01/18/2022

Dispose of asset/gain a retum on initial investment Purchased for multi-family development

Type: Vacant Residential Acreage	Sale Number: 88-3445 1762

Analysis/ Pertinent Information Cash Equivalency
Sale History:

Exposure Time
Days on Market

Cash equivalent - no adjustment necessary
There have been no other arm's length transactions involving this property within the past 3 years.

12 to 24 months
485 days (±1.3 years)

Remarks: This land sale was verified to represent an arm's length transaction and it was negotiated to reflect a market purchase price. The agent disclosed that the property was under contract for approximately 2 years, and that the price negotiated represents raw land value. During the due diligence period, the property was permitted and entitled for a multi­ family development prior to closing.

This sale involved two tax parc·els that are only physically touching at a corner. As such, an off-site easement was established on the abutting parcel, to the north/east, to provide access and utilities between the two parcels.

The property was mostly wooded, relatively level, and generally at grade with both 20th Street and 26th Street. It should be noted that a canal nms along the north boundary of this site, along 26th Street. At the time of inspection, construction had begun on the first phase of a multi-family apat'tment complex. The development, known as The G1'iffon, will include 297 multi-family units, a clubhouse, pool, fitness center, and other amenities. This equates to a density of 6.0, which is the maximum density allowed by zoning.

Type: Vacant Residential Acreage	Sale Number: 88-3445-l762

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Source: MapWise
(Sketch Not to Scale)

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Som·ce: DeLorme Street Atlas 2013

Photo Taken by:
Date:

Kristin L. Soltys, MAI January 21,2022

Source:	MapWise

bb. Transaction Instrument:
312021 Ol1S213\I nl!COJU)ED IN THJ 1rncmws OF JEFFfHiY R. SMITH. Cl,EltK OF cmcUJT COURT INDIAN n1vER co FL,
81<: 34-IS PG; 1762, 7/20/i:i)2-l 2:54 PM D DOCT/\X l'D S2U,3U0,00

This instrument prepared by
nnd rclum to:

Justin P. Fingar, Esq.
DonovanFingar, LLC
1800 llllemational Pnrl< Drive
Suite 230
Birminghain, AL 35243

Property ID: 33-38-0i-00001·0030-0001.0 ond 33-38-0 l-00001-0070-0001.0

SPECIAL WARRANTY DEED

THIS SPECIAL WARRANTY DEED made eITecllve lhe	day of July, 2021, by SASSON KASSAB AND REGINA KASSAB, as Trustees of the Snsson K11ssnb Living Trust dated AuguBt 5, 2009 ((;'.ollectively, the "Grontor"), to GRIFFON RESIDENCES, LLC, a Delaware limited liability company, whose sddress is 500 Office Paci{ Drive, Suite 215, Binningham, Alabama 35223 ("Grantee").

WITNESS ETH:

THAT GRANTOR. for and in consideration ofTEN AND NO/I00THS DOLLARS ($10.00) and other vnluabk: consideration, to Grnntor in hand paid by Grantee, the receipt and legal sufficiency of whlch Me hereby acknowledged by Grantor,.has granted, bargained, and sold to Grantee, and Grantee's successors
and as5ignsforever, all oflhe real property In Indian River County, Florida, described in Exhibit "A''. which
is auached heretc and by this t'eference made a parl hereof (the" ");
TOGETHER with: (i) all and singular, the benefits, rights, privileges, easements, tenements. hereditaments, and olher nppurten1mces pertaining to tlie Property, if any; and (ll) all improvements of whatever kind, character, or description to or on the Property to the extent owned by Seller;

SUBJECT TO ell of the mal\ers described in Exhibit "B", which i 11t1ached hereto and, by this reference, made a part hereof (collectively the  permitted Exc ptjons");
SAID Property is not the homest<:11d of the Granfor under the laws and constitut1011 of the State of Florida. in tliat neither Granier nor any members of the household of Grantor reside thereon;

TO HAVE AND TO HOLD the same in fee simple forever; and

GRANTOR hereby covenants with Grantee that it is lawfully seiz.ed of the Property in fee simple; that it hu good right and lawful nuthority to sell and convey the Property; that it J1ereby fllJly w11rmnts the title to the Properly and w111defend the some against the lawful claims ofnll persons claiming by, through or under Grantor only.

This Deed may be executed in two or more counterparts, each of which shall be an original, but all, of which shall constitute one and the same instrument.

[This space ir1ten1ionally left blank.]

l

IN WITNESS WMEREOF, Grnutor has executed this instrument on the date sci forth ohove.

Pri1	,,,.-,r"-.._,_fL._:-:..,..t!:.=J;J""IJ.'d!&-.z, :,r	L ==-o..!
·.·.
Priul Nainl!: f11A-/2,.fklA-  f>G})ff.(IJ--

As to Gra11tor

nsson  nssab, Trustee ofttu;·sasson Kimnb

U,•ing Trust dated Aogust 5, 2009

!<.ass'(::/:)the S11Sson Knssnb Livi11g. Trust dated August 5, 2009

2

STATEOF  oJ!ttiik

ACKNOWLEDGEMENTS

COUNTY OF	ldtM _&	---

The foregoing instrument was acknowledged before 111c by means of ysical presence or tl on line notarization, this day of )uly, 2021, by Sasson Kassab, a Trustee of the Sasson Kas. ab Living Trust dated August 5;2009, who is &personalty known to me or o who hus produced 	 asidentil1catiun.

(SEAL)

,lb,;

(Sign on this line)

1x.f}i.MAIB --
(Legibly prlnt name on Ihis line)

NOTARY PUHLlC, State of_··------

STATE OF_ _ /41< W ---­
COUNTYOP  	..,..}d..:::......::_=-c..::·'---""IJ,JL.....

(Legiblyprint name 01,1 lhis line)

The foregoing inslrume11 wus ricknowledged before me by me1111$ of sieal p.-esei\ce 01' D online nolarization, this dn)·ol)uly, 2021, hy Regina Kassab, as Trustee of the Snsson Kassab Living Trust dated August 5, 2009, wi10 is rrpe rsonnlly know,1 to ll)e ora who hns produced ------ aidselltificalion.

(SEt\L)

    NOTAJtY PUBLIC,Stnte of		 EXPIRt\ TION DATE: 	-- --

3

TyJle: Vacant Residential Acreag,e	Sale Number: 88-3445-1762

EXHIBIT "A"
("Propcrty")
Parcel I:

AU that part of Tract 7, Section l, Township 33 South, Range 38 East, according to the last generalplat of lands of the Indian River Farms Company Subdivision, as recorded in Pint Book 2, page 25, Public Records of St. Lucie County, Florido; less and excepting the East
512.68 feet of said Tract 7 (same being the East 13.77 net acres remaining in said Tract 7 lying Nortl1of the North tight-of- way of State Road 60); now lying and being in Indian River County, Florida.

And Parcel 2;

The El!St 18.85 ocres ofTrucl 3 ond the West I8.85acres of Tract 3,all in Section I, Township 33 South, Range 38 East, es the same is designated on the Ins! general plat of lands oftlie Indian River Pam1s Company, filed in the office of the Clerk of the Circuit CoUlt of St. Lucie County, Florida, ln Plat Book 2, page '25; said land now lying and being in Indian Rlver County, Florida, lcssand except the North 648.48 feet of the East 671.72 feet as conveyed in Official Records Book l 181, page '1213, Public Records oflndian River County, Florida.

A parcel of llllld being a portion of Tract 3, Section 1, Township 33 South, Range 38 East, accordingto tho last general plat of lands of the lndlan River Fann$ Company Subdivision, as recorded in PlatBook 2, Page 25 of the Public R.1:1:ords of St. Lucie Coimty, said lands now being in Indinn River County and described as follows:

Beginning at the Northwest comer of Tract 3; thence South 89°43'39" East along the North line ofsaid Tr.act 3 a distance of 656.1.2 feet to an lntcrsection with the West line of the East
671.72 f tohaid Tmct.'.l; thence South 00°! f'04'' West along said West line a distance of
648.48 feet to a.nintersection with the South line of the North 648.48 feet of said Tract 3: thence South 89°43'39'' Enstalongsaid South line a distance of67l.72 feetto nn interseotion with the East line of said Tract 3; thence South 00°11'04" West along said East line ofTrllct 3 a distance of586.99 feet to au intersection with the South line of said Tract3; thence North 89°49'35" West along said Southline a distance of 1327.87 feet to an intersection wlth tlie West litie of said Trnct 3; thence North 00°11'10" East along snid West line a distance of 1237.76 f l to the PoJnt of Beginning.

And Parcel 3:

T-ogether with the exchisive access and non-exclusive utility, temporary construction, mainlenanceand drainage easemenlS irt the Access and Utilities and Drainage Easerncnl Agreement recorded August 5, 2020 in Officifll Records Book 3325, Page 1587, Public Records of lndinn River County, Florldn over the following land: A portion of.lnnd located ill Trnct 6, Section I, Township 33 South,Range 38 East, according to the lest general plnt of lends oft11e rndien River Famls Company Subdivision, as recorded in Plat book 2, Page 25, of the Public records of St. Lucie Co1mty, Florida,now lying and being in Indian River County, Florfda, And being more particulnrly described as follows:

4

Type: Vacant Residential Acreage	Sa le Number: 88-3445-1762

Beginning at the Northeast comer of said Traci 6; 01ence South 00°11'04" West along the Bast lineof said Tract 6, the same being the East line of Pine Creek Condominium as described in Official Reeords Book 781, Page 2514, a distance of 6S.98 feet; thence North 49°56'02" West II distance of 102,88 feet lo an interseotion with the North line of said Tmct 6, the same being the North line of Pine Creek Condominium as described in Official Records Book 7&1, Page 2514; thence South 89°49135" East along the said North line a distance of
73.95 feet to,the Point ofBeginning.

s

Type: Vacant Residential Acreage	Snlc Number; 88 3445-1762

EXHIBIT ''D"

(''Permitted E:1:ccptlons")
I.  Taxes and assessments for the year 2021 and subsequent years, which are not yet due 1111d payable.
	All matters disclosed by ALTA/NSPS Land Title Survey prepared by David M. Taylor, PSM, of Masteller, Moler & Taylor, Inc., under File No. 7437 dated July 7, 2021 (the "Survey").
Grant of Easement to lndinn River County, Florida recorded September 24, 1999 in Official Records Book 1296, Page 238. (Parcel l).
Concurrency Acknowledgement Agreement recorded August 3 I, 2005 In Official Records Book
19.27, Page 682. (Parcel 2).
S. Public Utility Easement to fodian River County, Florida recorded June 17, 2011 in Official Records Book 2506, Page 255, (Parcel I).
	Restrictions, coveno.nts, conditiotls, easements, canals, ditches, rights of way and other matters 11s conta'ined on the Plat oflNDIAN RIVER FARMS CO., recorded in Plat Book 2, Page 25, of the Public Records of St. Lucie County, Florido, said la11d !\OW lying in Indian River County, Florida, (Parcel 1 and 2).
Terms, covenants, conditions, easements, restrictions, reservations and other provisions, including provisions which provide for a private charge or assessment and also provide for an option to purchase,a right of first refusal, or the prior approval of a future purchaser or occupant, nccording to thnt eertairt Declaration of Condominium for Unit I, and the exhibits and atfllchmenls thereto recorded .in Official Records Book 691, page 2443, and amendment(s) thereto which are recorded ln Official Records Book 747, page 835; Declaration of Condominium for Unit II in Official Records Book 720, Page 1990; and.amendment recorded in Official Records Book 747, Page 837; Declaration of Condomlnium for Unit 111 recorded in Official Records Book 804, Page 128; Declaration of Condominium for Unit IV recorded in Official Records Book 744, P11ge 5 I; amendment recorded in Official Records Book 747, Page 840 and amendment recorded in Official Records Book 762, Pnge 167; and Declaration of Condol!'iniurn for Unit V recorded in Official Records Book 7811 Page 25U; Amendments to all units recorded in Official R rds Book 826, Page 850; Official Records Book 826, Page 852; Official Records Book 1315, Page 2181; Official Records Book 1388, Page 2664; Official Records Book 2531, Page 875; Official Records Book 2542, Page ll8; Official Reoords Book 2925, Page 972; and Official Records Book 3247, Page 1383. (aS-to Parcel 3).
	Deed of Easement and Bill of Sale of'Utility Facilities recorded in Official Records Book 144, Page 603 (Parcel J).
Broadband Easement and Right of Entry n;:corded Janual)' 25, 2000 in Officiel Records Book 1314, Page 805 (Parcel 3).
I 0. Grant of Easement recorded September 20, 2013 In Official Records Book 2705, Page 247 (Parcel 3).

6

Type: Vacant Residential Acreage	Sale Number: 88-3445-1762

1 l. Acee$$ nnd Utillty Basement Agr=itenl l"CCOr<l«I August:;, 2020 In Officittl Re<:0rds Book 3325, Page 1587.

7

Type: Vacant Residential Acreage	Sale Number: 88-3445"1762

LAND SALE DATASHEET SALE NUMBER 75-2020-0360920

Recording Data County Document No.

Orange 20200360920

Gmntor
Grantee

Lake Pickett Properties, Inc. Pulte Home Company, LLC

Date of Transaction
Date oflnspection

Property Information Site Dimensions Land Size
Topography/Wetlands Floodplain Data
Site Improvements Building Improvements
Annual Average Daily Traffic Data Sources

Considemtion
Unit Price

Type of lnsfrument

Parcel No./ Parcel ID No. Account Number
Tax Year Asses.sed Value Taxes

Physical Address
Location Description

07/01/2020
01/21/2022

Irregular; see the sketch for dimensions.
130.880 AC, 5,701,133 SF
Old citrus groves, relatively level / ±25% wet Flood Zones X, AE, and A
None None
Fort Christmas Road: 2,400 vehicles (2020)
Lake Pickett Road: 2,600 vehicles (2020)
Public record, deed, verification, site inspection, FEMA Online Flood Map, USDA Soil Map, National Wetland Inventory Map, FOOT Traffic Online, MapWise, and CoStar.

$8,132,000
$1.43 per SF or $62,133 per AC

Special Warranty Deed

03-22-32-0000-00-004 and 03-22-32-0000-00-012
0411169-6 and 0613729-3
2021
$ 7,664,346 (Combined)
$134,667.83 (Combined)

4910 N. Fort Christmas Road, Christmas, Florida The prnperty is located ±2,300 feet north of Lake Pickett and ±3 50 feet south of N. Fo1t Christmas
Road, in an unincorporated area of Christmas, Orange
County, Florida.

Type: Vacant Residential Acreage	Sale Number: 75-2020 0360920

Legal Description

Zoning
Future Laud Use Overlay District

Present Use
Highest and Best Use

Condition of Sale

Financing

Encumbrances

Type oflmprovements

Utilities

t	Sale Verification By
With Relationship Phone
Date

u.	Motivation of Parties Grantor
Grantee

A portion of the east half of Section 3, Township 22 North, Range 32 east, Orange County, Florida. See attached deed for the entire legal description.

R-CE-C, Rural Country Estate Cluster, Orange Co. RS l /1, Rural, Orange County
None

Vacant
Low-Density Residential Subdivisi.on Development Ann's length - no adjustments necessary
Seller financing for $7,382,000 as recorded under Document No. 20200360921. No impact on purchase price.

None found None
Telephone, electricity, cable, and public water are available to the site. No sewer services are available in the area.

Kristin L. Soltys, MAI
Max Perlman
Repl'esentative of Buyer/Grantee
(321)277 9284 1/18/2022

Dispose of asset/gain a return on initial investment Develop with a second phase of a low density residential subdivision.

y,	Analysis/ Pertinent Information Cash Equivalency
Sale History:

Cash equivalent- no adjustment necessary
There have been no other arm's length transactions involving this property within the past 3 years.

Type: Vacant Residential Acreage	Sale Numbe1·: 75-2020-0360920

Exposure Time
Days on Market

12 to 24 months Unknown

Remarks: It has been verified that this land sale was negotiated at arm's length and represented a market purchase price. The property was partly wooded and partly old groves. It is generally at grade with the surrounding lands and relatively level with a mild downslope to the west towards Lake Pickett.

The grantee disclosed that the property was under contract since 2017 and that the purchase price was for raw land. The grantee plans to develop the property with 113 single-family homes, including approximately '15 or 16 lake front homes. This will be the second phase of the Sunset Preserve subdivision, which is gated.

At the time of inspection, constmction had begun, and the property was cleared, mostly level, and the retention areas were being constructed. This property is in an area that is transitioning from agricultural and rural estate development to low-density residential subdivision development,

Source: MapWise (Sketch Not to Scale)

t
N

..I...
'r;

"1:

¾,.•
-------... q,.,
75-2010-0360920

\",',/.tflll(U
ArtD

udt.oUJ tf'
1na11./1i
•ffo:.il•(.(I
f(L) /

- ";"- n
Hm1cl1

Ch1,•r1••n1
.sr,,rt""i

.-

--

Source: MapWise

Photo Taken by:
Date:

Kristin L. Soltys, MAI January 21, 2022

Source: MapWise

'l'IHS INSTRUMENT SHOULP
DE R foTURNElJ TO:

Daniel T. O'Kcdc, E 1uirc SHUTTS & llOWEN LLP
300 S. Orange i\vcnu<>, Suite 1600 Orlando, Hori<la 328\l I

T,\X PARCEL ID. NO.: 03-22-32-0000,00·M-1
03·22-32-0000-0{t-0Ji

DOC# 20200360920
07/0212020 13:09 PM Paga I of 5
Rec Fee; $44.00
Deed o c Tax: $56,924.00 Mortgage Doc Tax: S0.00 Intangible Tax: SO.00
Phil Diamond, Comptroller Orange County, FL
Rel To: SIMPUFILE LC

SPECIAl, WARRANTY »Elm
THIS SPECIAL WARRANTY DEED, mnclc and executed on July l, 2020. hy LAI<.E PICKETT J'l OPERTJES, lNC., a Florida coqrnration (hereinafter refem d to as 1lie "Grantor"), ,vhosc address is Post Office Box h20789, Oviedo, Florida 32762 lo PULTE HOl\1 £ COMPANY, LLC, a Mlchlg n limited llnbility compn11y (hereinnfter referred to as the ''Gr n1ec"), whose address is 490 l Vineland Road, Suite 500, Orlondo, Florida 3281 l.

Wherever used herein the lem1 "grantor" and "grn11te " inch1clc i,11 the put1les 10 this insln11ner11 and the heirs, leg;tl representatives and assigns of individuals, and the succc.<:. ors nnd assigns of corpomtions, parlner,hips (inchrdi11g joiflt ven1t1rcs, public bodies and quasi-public bodie ).

WITNESSETH: THJ\T Gruntor, foi' un<l in consideration of the sum of TEN AND NO/I 00 DOLLARS ($] 0.00) aml other good and valuable consideration, the receipt imil sufficiency of which are hereby acknowledged, does hereby grant, bargain, sell, alienale, rernisc1 release, convey, and transfer unto Grantee, 11II of that certain land lying nnd being in the Count>• ofOtonge, State of Ploddu, to-wit:

See Exhibit "A" attached hereto and made a part hereof by reference (hcrcinal\er
referred to 11s. the "Properly").

TOGETHER with nll buildings, structures, u11d itnprm-ements thereon and all of the righls, privileges, app\lrtennnces, hcreditarncnts, easements, reversions, mtd remainders pertaining to or used in connection therewith, inctuding, without limitation, all slrips nnd gores, streets, alleys, easements, rights-of-way, public ways, or olhct rights appurtenant, adjacent, or rnnnccled thereto,

TO HA VE AND TO HOLD th same irt fee simple forever.

FURTHER, Grnntor hereby covenants with nnd wammls to Gran1ee that Grnntor is lawfully seized of the Property in fee simple; th t Grantor has good, right und lnwful au1horily to sell mid convey the Property, and he1·eby fully wnrm111s the 1i1le lo the Property and will defend the same against lhe lawful claims of 1111 persons whomsoever claiming by, through or under Grnmor; .ind tll(lt 1he Properly is free and clear of all encumbrances except for : (i) taxes for the

year of this i11stru1ncnt mHl !hcrcnfter; nncl (ii) rcs1ric1ions, reser1•ations, and eascmen1s of rc:cord, provided that this rnfcrcnce to such restrictions, reservations find eaHen1cnls lmll nol operate lo reimpose (he same.

IN WITNESS \VJ IEREOF, Grnntor has caused this Special Warranty Deed to be duly executed ns l>fthc day and year firnt above written.

Signed, scaled rmd delivered
in our presence:

CQ t{ _Q)1ltu;_,(2,(Ll]Jy<-t)J.-'')

GRANTOR:
Lnke Picket! l'ropcrtics1 Inc.,
a Florida corporation

Print N11mc  c_c;.J\!,., /:.,,.,, 6- J!.!YY' <c.i<-.,.lly: _.,_�;p:u:�u����,:-t;;_��

Nmne: C 1arles W. Evans Title: Authorized Signatory

STATE OF_FLOR\, - )
COUNTY Q!: 5,-;£ \ 11-JoL.C	)
Th<! foregoing instrumcnl was acknnwlcdgcd before me by means off)l:physical presence or L I onl.inc notmizntion, this 1-s.+ day of	, J '---'--L--,,	, 2020, hy Clmrlcs W, Evans, as
Authorized Signatory of Lake Pickett l'roperlies, lnc., a Flol'ida corporation, on behalf thereof 1h: L	J is pernonally known lo me, or l	J produced 	 as

identification,

( \aliL_<u{ ·>o,ULhll '\
Print Name:C J;t th.d Vie. /A.;\, \J..g_,'YJ.£< d:._,

Notary Public-State of Florida ut Large· Commis ion No,: r<;.9, ::'°.!.'.:±9_':f-..::z5.......
My Commission Expircs:n1 1d,;L.lS\ 't.O.LJ.{

2
4818·688S-0R81,2

Type: Vacant Residential Acreage	Sale Number: 75 2020 0360920

EXHIDIT"A"

LEGAL DESCRIPTION OF PROPER'fY

FINAL CLOSING LANDS PHASE2
A PORTION OF THE EAST HALF OF SECTION 3, TOWNSHIP 22 NORTH, RANGE 32 EAST. ORANGE:: COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGIN AT THE EAST QUARTER CORNER OF SECTION 3, TOWNSHIP 22 NORTH, RANGE 32 EAST; THENCE NORTH 03°09'22" WEST ALONG THE EAST LINE OF THE NORTHEAST 114 OF SAID SECTION 3, A DISTANCE OF 1768.54 FEET TO THE CENTERLINE OF A CI\NAL: THENCE SOUTH 76"43'60' WEST, A DlSTANCE OF 807,65 FEET ALONG SAID CENTERLINE; THENCE SOUTH
06°02•11• EAST, A DISTANCE OJ= 7.70 FEET; THENCE SOUTH 33'5'1'15" EAST, A DISTANCE OF 24.58 FEET; THENCE SOUTH 29"19'23" EAST. A DISTANCE OF 33.43 FEET; THENCE SOUTH 03°29'16.
EAST, A DISTANCE OF 138.32 FEET; THENCE SOUTH 06"49'52' EAST, A DISTANCE OF 196.57 FEET; THENCE SOUTH 06'0G'54" EAST.A DISTANCE OF 176.14 FEET; THENCE SOUTH 20' 12'29' EI\ST, A DISTANCE OF 106,96 FEET: THENCE SOUTH 19°58'44' WEST, A DISTANCE OF 65.09 FEET; THENCE SOUTH 44°03'48" WEST, A DISTANCE OF 193.18 FEET; THENCE SOUTH 66'15'27" WEST A DISTANCE OF 120.51 FEET TOA POINT OF CURVATURE OF ANON-TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 698.23 FEET, A CENTRAL ANGLE OF 22•14•57• AND A CHOR[) DISTANCE OF 269.44 FEET WHICH BEARS SOUTH 79'07'01' EAST; THENCE EASTERLY ALONG THE ARC OF SAID CURVE AOISTANCE OF 271.14 FEET;THENCE SOUTH 00'39'16" EAST.A DISTANCE OF 218.03 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 1000.00 FEET, A CENTRAL ANGLE OF 01"15'00' AND A CHORD DISTANCE OF 21.81 FEET WHICH BEARS NORTH 89°58'14" EAST; TH!cNCE EASTERLY ALONG THE
ARC OF SAID ClJRV!c ADISTANC!: OF 21.81 FEET; THENCE NORTH 89"20'44" EAST.A DISTANCE OF30.96 FE.ET: THENCE SOUTH M046'1a· EAST, A DISTANCE OF 74.74 FEET; THENCE SOUTH 01'14'41' EAS'f, A DISTANCE OF 193.27 FEET; THENCE SOUTH 89'20'44" WEST, A DISTANCE OF
41.10 FEET TO A POINT OF CURVATURE OF A CIRClJLAR CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 1268.00 FEET, A CENTRAL ANGLE OF 19'23'12" AND A CHORD DISTANCE OF 427.00 FEET WHICH BEARS NORTH 80"57'40" WEST; 1'HENCE WESTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 429.04 FEET; THENCE NORTH 77'23'26' WEST.A DISTANCE OF 151.24
FEET; THENCE SOUTH 00'00'47" EASr, A DISTANCE OF 95.0S f EET; THENCE SOUTH 09'31'05•
EAST, I\ DISTANCE OF' 202.04 FEET; Tt-{ENCE SOUTH 01'46'13" EAST, A DISTANCE OF 219.93 FEET; THENCE SOUTH 01°49'23" EAST, A DISTANCE OF 203.98 FEET; THENCE SOUTH 39°41'53" EAST, A DISTANCE OF 48.01 FEET; THENCE SOUTH 00'52'26" WEST. A DISTANCE OF 18•1.05 FEET; lHENCESOUTH 10"41'33" EAST, A DISTANCE OF 121.44 FEET; THENCE SOUTH 01•45·11• EAS-f,A DISTANCE OF 56.92 FEET; THENCE NORTH go•oo·oo· WESl", A DISTANCE OF 6.22 FEET; THENCE SOUTH 01°46'19" EAST, A DISTANCE OF 434.42 FEET; THENCE NORTH 89°20'44" EAST, A DISTANCE OF 1300,43 FEET TO A POINT ON THE EAST LINE OF THE SOUTHEAST 1/4 OF AFORESAID SECTION 3; THENCE NORTH 01' 14'41' WEST ALONG SAID EAST UNE, A DISTANCE OF 1342.47 FEH TO THE POINT OF BEGINNING.

TOGETHER WITH PHASE3
A PORTION OF THE EAST HALF OF SECTION 3, TOWNSHIP 22 NORTH, RANGE 32 EAST, ORANGE COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

COMMENCE AT THE EAST QUARTER CORNER OF SECTION 3, TOWNSHIP 22 NORTH, RANGE 32 EAST; Tl IENCE NORTH 03'09'22" WEST ALONG THE EAST LINE OF SAID SECTION 3 A DISTANCE OF 1768.54 FEET TO THE PROJECTED CENTERLINE OF A CANAL; THENCE SOUTH 76'43'50" WEST ALONG SAID CENTERLINE, A DISTANCE OF 887,85 FEET TO THE POINT OF BEGINNING;

THENCE SOUTH 06'02'11" EAST, A DISTANCE OF 7.70 FEET; THENCE SOUTH 33•54•15• EAST. A DISTANCE OF 24.58 FEET; THENCE SOUTH 29"19'23" EAST, A DISTANCE OF 33.43 FEET; THENCE SOUTH 03'29'16" EAST, A DISTANCE OF 138.32 FEET; THENCE SOUTH 00°49'52" EAST, A DISTANCE OF 196.57 FEET; THENCE SOUTH 06'06'54" EAST, A DISl'ANCE OF 176.14 FEET; THENCE SOUTH 20"12'29'' EAST, A DISTANCE OF 106.96 FEET; THENCE SOUTH 19'58'44'' WEST, A DISTANCE OF 65,09 FEET; THENCE SOUTH 44'03'48"WEST,A DISTANCE OF 193.18 FEET; THENCE SOUTf-156"16'27" WEST A DISTANCE OF 120.51 FEET TO A POINT OF CURVATURE OF A NON-TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 698.23 FEET, A CENTRAL ANGLE OF 22'14'57" AND A CHORD DISTANCE OF 269.44 FEET WHICH BEARS SOUTH 79'07'01' EAST: THENCE EASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 271.14 FEET; THENCE SOUTH 00"39'16" EAST, A DISTANCE OF 218.03 FEET TOA POINT OF CURVATURE OF A NON-TANG{=NT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 1000.00 FEET, A CENTRAL ANGLE OF 01' 15'00" AND A CHORD DISTANCE OF 21.81 FEET WHICH BEARS NORTH 89°58'14' EAST; THENCE EASTERLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 21.81 FEET; THENCE NORTH 89'20'44' EAST, ADlSTANCE OF 38.96 FEET; THENCE SOUTH 00'46'18" EAST, A DISTANCE OF 74.74 FEET;·THENCE SOUTH 01"14'41" EAST, A DISTANCE OF 193.27 FEET; THENCE SOUTH 89'20'44" WEST, A DISTANCE OF 41,10 FEET TO A POINT OF CURVATURE OF A CIRCULAR CURVE CONCAVE NORTHERLY HAVING A RADIUS Of 1268,00 FEET. A CENTRAL ANGLE OF 19°23'12" AND A CHORD DISTAtJCE OF 427.00 FEET WHICH BEARS NORTH 80.57'40'' WEST; THENCE WESTE:RLY ALONG THE ARC OF SAID CURVE A DISTANCE OF 429,04 FEET; THENCE NORTH 77',23'26" WEST, A DISTANCE OF 151.24 FEET; THENCE SOUTH 00'00'47" EAST, A
DISTANCE OF 95.05 FEET; THENCE SOUTH 09"31'05" EAST.A DISTANCE Of 202.04 FEET; THENCE SOUTH 01°46'13" EAST, ADISTANCE OF 219.93 FEET; THENCE NORTH 88"24'4B"WEST,A DISTANCE OF 216.82 FEET; THENCE SOUTH 73'33'38" WEST, A DISTANCE OF 373.20 FEET MORE OR LESS TO THE WATERS OF LAKE PICl<ETT; THENCE ALONG THE WATERS OF LAKE PICKETT
THE FOLLOWING 24 COURSES NORTH 06"03'1·4' WEST, A DISTANCE OF 58.67 FEET; THENCE NORTH 26"14'42"WEST, A DISTANCE Of 100.10 FEET; THENCE NORTI-I 19'26'55" WEs·r, A DISTANCE OF 187.51 FEET; THENCE NORTH 17"14'43''WEST, A DISTANCE OF 130,25 FEET; THENCE NORTH 29'05'55" WEST,A DISTANCE OF 58,90 FEET; THENCE NORTH 12"17'31" WEST, A DISTANCE OF 32,29 FEET; THENCE NORTH 05'24'19" WEST, A DISTANCE OF 04.42 FEET; THENCE NORTH 24'07'51' WEST,A DISTANCE OF 38.09 FEET; THENCE NORTH 07'32'28' WEST.A DISTANCE OF 45.35 FEET; THENCE NORTH 38"50'49' WEST, A DISTANCE OF 96.55 FEET; THENCE NORTH 56"45'54" WESl A DISTANCE OF 149,17 FEET; THENCE SOUTH 04'18'28" WEST, A DISTANCE OF 101.26 FEET; THENCE SOUTH 60'59'53" WEST, A DISTANCE OF 189.78 FEET; THENCE NORTH 87'i3'01' WEST, A DISTANCE OF 224.40 FEET; THENCE NORTH 66"46'13" WEST, A DISTANCE OF 196.45 FEET; THENCE NORTH 1;W33'03" WEST, A DISTANCE OF 112.93 FEET;
THENCE NORTH 05'03'31" WEST, A DISTANCE OF 137.34 FEET; THENCE NORTH 27'23'48' EAST, A
DISTANCE OF 125,95 Fl:ET; THENCE NORTH 00'00'00" WEST, A DISTANCE OF 83.35 FEET; THENCE NORTH 19'06'23 WEST, A DISJANCE OF 42.0B FEET; THENCE NORTH 50'40'29" WEST, A DISTANCE Of 109,80 FEET;THENCE NORTH 63°46'25" WEST, A DISTANCE OF 60.56 FEET; THENCE NORTH 38'30'09'WEST, A DISTANCE OF 62,13 FEET; THENCE NORTH 21'53'47" WEST, A CUSTANCE OF 27-93 FEET TO TJ-lE CENTERLINE OF A CANAL; THENCE NORTH 76"43'50" EAST
AlONG SAID CENTERLINE, A DISTANCE OF 2333.21 FEET TO THE POINT OF BEGINNING.

4

LAND SALE DATASHEET SALE NUMBER 88-3284-1943

a,	Recording Data County
Book & Page No.

Grantor
Grantee

Date of Transaction
Date of Inspection

Property Information Site Dimensions Land Size
Topogrnphy/Wetlands Floodplain Data
Site Improvements Building Improvements
Annual Average Daily Traffic Data Som·ces

Consideration
Unit Price

1.	Type of Instrument

.	Alternate Key (Prop ID) Account No.

Tax Year Assessed Value Taxes

Indian River County 3284/1943

Orchid Quay, LLC
American Land Development of Central Florida, LLC

03/l 0/2020
01/21/2022

Irregular shape; see the sketch for dimensions.
4)393,897 SF; 100.87 AC (PlansNerification)
Cleared, leveled/ ±23% of wetlands Flood Zones X, X500, and AE
Old subdivision infrastructure; see remarks. None
US Highway I: 23,000 vehicles (2020)
CR 510/Wabasso: 10,300 vehicles (2020)
Public record, deed; verification, site inspection, FEMA Online Flood Map, USDA Soil Map, National Wetland Inventory Map, FOOT Traffic Online, Map Wise, and Indian River MLS.

$5,700,000-recorded sale price
$1.30 per SF or $56,508.38 per AC

Special Warranty Deed

40100, 40132, 40152, 40153, 38631, 38633, 38634,
40020, 40021, and 40022.
31-39-33-0000 I-0050-00009/0, 31-39-33-00003-
0030-00002/0, 31-39-34-00000-0020-0000I /0,
3 l-39-34-00000-0020-00002/0,  31-39-27-00003-
0000-00001/1, 31-39-27-00003-0000-00001/3,
31-39-27-00003-0000-0000 l /4, 31-39-33-00000- I 000-00027/0,3 l-39-33-00000-1000-00027/l, and 31-39-33-00000-1000-00028/0.
2021
$4,987,384 (Combined)
$71,525.54 (Combined)

Physical Address

Location Description

Legal Description

I.	Zoning

Future Land Use

Overlay District

Pt·esent Use
Highest and Best Use

 Condition of Sale P•	Financing

Encumbmnces

Type oflmprovements

Utilities

Sale VerificatioH
By With
Relationship
Phone Date

CR 510, Vero Beach, Florida 32967
4304 82nd Street, Vero Beach, Florida 32967 4306 82nd Street, Vero Beach, Florida 32967 8290 US Highway 1, Vero Beach, Florida 32967
8336 US Highway 1, Vero Beach, Florida 32967 8310 US Highway I, Vero Beach, Florida 32967 82nd Street, Vero Beach, Florida 32967
The property is located at the northeast corner of US Highway I and 82nd Street with additional frontage on the south side of CR 5 l 0, in an unincorporated area of Vero Beach, Indian River County, Flol'ida.

The legal description is lengthy. See attached deed for full legal description.

OCR, Office Commercial Residential (6 du/ac), RM-6, Multiple-Family Residential-6 (6 du/ac), and CON-2, Conservation (0.025 du/ac), IRC
C/I Commercial/Industrial,
M-1, Medium-I (8 du/ac), and
C-2, Conservation-2 (1 du/40 ac), IRC
None

Vacant
Low-Density Residential Subdivision Development

Arm's length - no adjustments necessary None - Cash to seller

None found to have an adverse effect on the property. There is a drainage easement recot'ded under OR Book 337, Page 64

Old residential subdivision infrastructure (2005)

All public utilities are available including telephone, electricity, cable, water, and sewer,

Kristin L. Soltys, MAI Steve Flanagan Listing Agent
(407) 760-7747 01/19/2022

Motivation of Pai·ties Grantot·
Grantee

Analysis/ Pertinent Information Cash Equivalency
Sale History:

Exposure Time
Days on Market

Dispose of asset/gain a return on initial investment Develop with low-density residential subdivision

Cash equivalent- no adjustment necessary
There have been no other arm's length transactions involving this property within the past 3 years,

12 to 24 months Unknown

y,  Remarks: This land sale was verified as being negotiated at arm's length and representing a market purchase price. The property was paitially improved with old subdivision infrastructure that was constructed on-site in 2005. The improvements include an elaborate guard stand, utilities, asphalt-paved roadways with cmb and gutter, and stormwater retention.

The agent said the buyers of this property were aware of and willing to accept the challenges and risks associated with bl'inging this property to a developable condition and considered that in the purchase price. No demolitio11 costs or impact fee credits were discussed during negotiations. The agent did not feel that the existing infrastructure added value to the prope1ty and thought it possible that the burden of the aging infrastructure on the property may have detracted from the value of the property.

At the time of sale/closing, there were no active permits or entitlements in place. Plans for a 270-single-family lot subdivision known as Harbor Isle were approved in November of 2020, after the sale. The approved plan generally follows the layout of the original site plan and infrastructure..

The property is mostly cleared except for wetland vegetation along the eastern boundary, which is consistent with the wetlands on-site. It is generally at grade with the surrounding lands and is relatively level with a mild downslope towards the Indian River to the east. The. property has ±820 feet of frontage on the Indian River and there is a pathway leading from the upland area towards the wetlands/conversation land abutting the river. The water frontage appears to be clear and accessible from the path; however, no dock was found.

!.R.TIJ,I\S_

Source: MapWise (Sketch Not to Scale)

RI

 DR MJ	LN
1:\o.f\  Ul

Source: DeLorme Street Atlas 2013

Photo Taken by:
Date:

Kristin L. Soltys, MAI
January 21, 2022

Source:	MapWise

bb. Tmnsaction Instrument:
31 lUW{IOl5l7l ltECOlm ;u IN 'l"III,: lH'.COIUJS·oF,il!:liFREY It SI\UTII. CL.EllK OF CIIIClllT COl/ll'I' INIHAN lllVEI co l"L IIK: 31114 PG: l?H,3/12/1020111: S AM O OOCTAX. I'll SJ?,900.00

TI1is instrument prepared by nd retum to :
American Land Development ofCentrnl Florido, l,LC 3911 Ornng,e Lnke Drive
Orlando, Florida 32817 Attc11llon:·Robert Zlatklss

l'arcel l<lentification Nos. 3l-39-33-00001-0050-00009/0; 3 l-39-33-00003-0030-00002/013I• 39-34-00000-0020-0000 l/0; 3J-39-34-00000-0020-00002/0; 31-39-27-00003-0000-0000 l/1; 31-
39-17-00003-0000-0000 I /3; 31-39-27-00003-0000.00001/4 ; 31-39-33-00000-l 000-00027/0;
j l-39-33-00000-I000-00027/ I; and 31-39-33-00000-1000-00028/0

SPECIAL  iRRANTY DEED
'l'UfS INDENTURE, made this jit::_ doy of March, 2020 by ORCHID QUAY LLC, a
De.lnlva limited liability company {herein fler colled "Grantor''), whose. address is c/o lHP Cnpitnl Partners, JOO Bayview Circle, Suite 2000, Newport Beach, California 92660, to AMERICAN LAND DEVELOPMENT 01' CENTRAL FLORIDA, LLC, a Florida limited
liability coinpnuy (hcrcinnftcr cnlled "Granlee"). whose address is 3911 Orange Lake Drive, Orlando, Florida 32817 (wherever used herein, the 1errns "Grnnlor" and "Grantee" include the respcetivc parties to lhis instrurnent and theiJ respective successors and assigns).
WITNESS ETH:
'rHAT Grantor, for and i11 considemtion of the um of Teri Dolla1-s ($l 0.00), lo it in haml paid by Grantee ami other good a,1d \laluable.considcratio11,,the rcc_cipt whcrcol'is hereby acknowledged, has granted, burgnincd and sold to Grantee and Grantee's successors and assigns forever, th<: following described land situate, lying nnd being in Indian River County, Florida, to wit:
See Exhibit A- attached hereto and made a part here()f,
TOGETHER with nil lhe tenements, hereditmncnts nnd ppmtcnnhces thereto be.longiug
or appertaining,
SUBJECT to n;strictiot1s, reservations, easements and limitations of re.::ord, zoning ordinances, ts1xes for the current year and subs quent years and all matters that would be how/1 by on accurate survey Qf said lnnd (collccl11:cly, the "Pcnniuc<l ExC<)plions''), provided thnl this shall not serve lo reimpose ny of the same,
And the said Grantor does hereby worrru1t the title. to said land, nod will defend the same against the lawful claims of nil p<:r:;ons claiming by, through or under the aid Grnntor, subject to the Permitted Ex.ccptions.

002{°38490129,2.

Type: Vaoant Residential Acreage	Sale Number: 88-3284-1943

BK: 32114 PO: J9,U

IN WITNESS WH,EREOF, Grantor hns signed and scaled 1hcsl) prcsc111s the day n.nd year first nbovc written.

Signed, scaled and delivered
in th!! prcscn .C,J.l r:

ORCHID QUAY LLC,

-•-" - ..,; ·

,,.

a. Dolaware limiled liahili1y company

'Witness to · ,	,.
Print	 ·•1,',/		

,/
-'--f.-l,,;,,.,Vl-,,L-\.,,,,.,.CJa'-'-"'-A,-­
Witn

,_

P.rint	·	/

Title:	Seuior Vice l'midonl

By: .f-	
Name:	nony S. Vil1ine9
Title:	C11icfFioanciat omcer

001/ 38491)129.J.

ACKNOWLEDGMENT

Stale of California
County of	Orange

on	March 10, 2020

before me, Roselyn Nguyen, Notary Public
{insert name and 1ille of the officer)

personally appeared C. Blaine Peterson and Barry S. Villines	,

who proved to me on lhe basis of sati$factory evidence to be Iha person{s ose name(s) islifv

subscribed to the within Instrument and acknowledged lo me that he/she/ xeculed the same In his/her eir	thorized capacity{ies), and that by tiis/hor ignature{s) onthe lns\rument the person(s , or the cntlly upon behalf of which the person(s) acted, executed the Instrument.

I certify under PENALTY OF PERJURY under Iha laws of the State of California that the roregoing paragraph Is true and correct.

WITNESS my hand and official seal.

Signature =:2?):	(Seal}

Anotary public or olher officer compleling this .
certific.ale verifies only lhe identity of the individual who signed the document to which this certificate is attached, and not the lrutllfulness, accuracy, or validi of Iha! document

EXIIIBIT A 'fO l)};EJ)

LEGAL DESCRJPTION

Parcel "I A":
A parcel of land lying in Section JJ, Township JI South, Range 39 East, lndiaii River County, FloridR, being the Northeast quarter of the Soulhcnst quarter of the Northc;,sl quarter, less the Somh 35.00 feet thorcof for road right of way; and also less the South 208.71 feet of the East
208.71 foci. Pattel "ID":
All that part of the Northwest qtiarter of the Southeast quarter oflhe Northeast quarter of Section 33, Township 3J South, Ra11ge 39 r st, lying East of the New Pour U.S. HighWn)' No. I, including that portion ofI..ot 2, Block 3, ofRcplat of Wabasso Manor Addition, as recorded in Plat Book 6, Page 15, lndinn River County, Florida Public Records, lying East of said U.S. Highway No. I

AND - (P=I2)

South of Stale Road 510: That part of Lots J, 2 and 15, Naranja Tract - Shellrnound Beach Subdivision according to the plat thereof filed in the Office of lhe Clerk of the Circuit Court of Indian River County, Florida, in Plat Book I, Page 6, lying Southerly of State Road 510 (C.R. 510); and thot purl of Eureka Estates Subdi'vision as recorded in Plpt Book I, P<tgc 40, Indian River County Public Records, including all parcels, lots, blocks and roadways lying within Govemmcnt. Lot 6, Section 28, Township 3 I South, RMgc 39 East; and that part of the Northeast 1/4 of the Northeast 1/4 of Section 33, Township 31 South, Range 39 East; and that pnrt of the Nonhwest 1/4 of the Northwest l/4 of Section 34, Township 31 South, Range 39 East, all being mofe panieularly described as follows:

Deginning al the Southwest comer of Government Lot 6, Section 28, Township 31 South, Range 39 East; thence run North 00 degrees 54'58" West along lhe West line of said Government Lot 6
11. distance of692.4.9 feet to the South right-of-way ofCounly Road 510 (C.ll. 510); thence run
'North 44 degrees 35'32" East along said right-of-way a distance of 314.00 feel to a point of cutvaturc; thence run Northeasterly along a curve concave to the Southeast through a central angle of 10 degrees 26"3 I" a rmlius of2&24.79 feet, a cutve length ofSSl.02 feet 10 a pofot of tangency; thence continue along said right-of-way a dislm1ce of263.32 feet to a poinl; thc11cc run South 08 degrees 00'07" East a distance of 366.27 feet; thence nm South 74 degrees 35'51" West a distance of 176.84 feel; thence ntn South 25 degrees 56'42" Ensl e distance of 295.14 feet; thence run South 26 degree..s 0-1'26" Enst a dist nce of815.71 feel to the interncetion of the South line of said Government Lot 6 and the North line of S ction 33; thence continue South 26 degrees 04'26" East a distnnce ofl473.88 feet to the South line oflhaq,artofthc Northwest 1/4 oflhe Northwest 1/4 of Section 34, Township 3 l Soulh, Runge 39 Easl; thence run South 89 degrees 35'32" West along the said Soulh line of the Northwesl 1/4 of the Nortl1west 1/4 of Section 34 and the South line of the Northeast 1/4 of the Northcnst 1/4 of Section 33, a distance of l 728.83 feet to the Easterly right-of-way of U.S. Highway No. I; thence run North 32 degrees 49'19" West along

002/ 33 90119.2

BK: 32fU l'G: 19-'7

said right-01:wny a distnnco of225.96 feet; thence nm Not1h 00 degrees 43'18" West nlong tho West line of said Nor1licast 114 oflhc Northeast 1/4 n distance of 1137.72 feel to the point-of­ begillning. Together wilh lhnt pnrt of Lots 9 tHH.I 10 Block 5, Gr-o\ves AddHion to Wabasso r orded in Pia! Book 2, Page 41, lying East of U.S. Highway No. I, omcial Records Book 337, Pllgc 495.

LESS ANU E:;XCEPTING that por1ion conveyed by Spccinl Warranty Deed from !HP Jnvcslment fund IH, L.P., n Califomfa limited partnership, to Indian River County, filed September 28, 2007, in Ofl1cial Records Book 2207, at 1-'agc 713.
Together wi\h a dr11inage easement as recorded in Officfot Records Book 337, Page 64, Indian River County Public Reoords.
And (Parcel 4)
Parcel A: East 13 acres of the Norlh 1n of Government Lot 2, Section 34, Township JI South, Range 39 Easl, fndian River CoU!\l)', less and cxccpl lhHt portion of said lnncl convi;yed lo the Stulc of Florida by instrument recorded in Offkfal Records Book 100, Page 493, Public Ree-0rds of Indion River Cotlnty, Florida.

And

Parcel B: All that tract of land lying ond beh\g In Goveminel\l Lot 2 ofScetion 34, Township 31 South, Range 39 East, Indian River Co1111iy, Florida, described ns follows: Beginning at thu Northwest cotnet of said Government Lot 2, thence rtmningSouth n distance of 660 feel; thence run Eltsl n distance of712,00 feet; thence run inn Northwesterly direction II distance of720.00 feel to i:I pain.I 412..00 feet due East of the Nortliwesl comer of said Government Lot 2; thence run We.st a distance of 412.0'0 feet to· the point of beginning, Jess and except Umt property conveyed to the Slate of Floridn by instrument recorded in Official Records Book IOI, l'agc 498, Ptlofic Records of Indian River County, Flori du.

Parcel A: AH that pnrt of the following dcscribc<l parcels. lying East of Slale lload 510 nml NQr\h ofOmnge Street.

Parcel 1;. Lot 11, Block 3, Weona Paik Subdiyision, according to the Pfat thereof as recorde,;1 in Plat Book 2, Pngc 17, Public Records of Indian River County, Florido.
P.ircel1: Allof the right of way of µbandoncd Tropical Avenue as said Tropical Avenue fs-shown on the plat of Weona Park Subdivision recorded Ir! Plat Book 2, Pege 17, Public Records of Indian River County; Flo.rida, as abandoned by Resolution No. 70·26 aod recorded in Official Records Book 356, Page 12, Public Records of Indian River County, Florida.
Parcel .3: Lots I through 17, inclusive, Block 10, of\Vcona ParkSubdivisio'n, accordiog to the Plat thcrcofrecordc!] in Plat Book 2, Page 17, Public Records oflndian River County. Floridn.

0021 J81190129,Z

Parcel 8: All of the 11b;1ndoned right of way ofOrnntie Street, a 25 foot right of way, which lies bctwcc11the West right of way line of46th Avenue and the Easterly righ( of way lirtc of County Road 510, sold Omnge Streetns shown on the Plot ofWcona Park, as reconled in l'lat Book 2, Page 17, Public Records of Indian River Co1rnly, Florida, os abnndoned by Resolulion No. 2003- 121 adopted by the Buurd of County Commissioners of lndim1 River County, Florida, less, however, that portion lying within 80 feetoftlie cent rline of County .Road 5 JO and lhat portion lying within 30 fe t of the East line of the Southwest quarter of the Southeast quarter ofScclion 28, Township 31 South, Range 39 East, lndinn River County, Florido. All of the foregoing described nbondoned pnrcel havlng be,en abandoned pursunnt to Resolution No. 2003-121 ndopted by the Board of County Commissioners of Indian River County, Florida.
Parcel C: The South onc-half(l/2) of the following parcel: That portion of Poinsettia Boulevard, n shown on the Replnt of Weonu Parle Suhdivision, recorded in lhe Public Records of Indian River County, Florida in Plat Dook 2, Page 17, from lbc West line of Sunrise Street to lhe SouU1easl right of way of SR No. 510, ns Slime was abandoned pursuant to Resolution No. 89-39 recorded In Official Records Book 835, Page 641, Public Records oflndian Riv.:r County, Florida.

l'Mcel D: All that part oflhe following described property lying Elisl of Stale Road 510 and North of Poiosettla Boulevard: Lots 6, 11, 14, 15, 16 nd l 7, Block 9, Wcona Pam Subdivision, according to thu Pint U1creo( .is recorded 111 Plat Book 2, Page 17, Public Records oflndian River County, Florida.

Pnrccl E: The North one-half (I /2) of lite: following prtrcel: That portion of Poinsett in Boulevard, as shown on the Repmt ofWconn Park Subdivision, recorded in the Public Records oflndlan River County, Florida, in l'lat Book 2, Page 17, from the West line of Sunrise Street to the So11thc11st right of way of SR No. 510, as same was 11hattdoned pursuant to ResolutiQn No. 89-39, recorded in Official Records Book 83S, Page 641, Public Records oflndian River Couoty, Florida.

As toP n:els A, D, C,D and Enbuvc: Less nntl except nny portion ihereof, if any, lying withil\ lhe road rightofwayofSR 510 sod less and except the nddltlon"l right of way as conveyed in Official Rccl)rds Book 1200, Page 17 I 81 Public Records of fodin.n River County, Florido.
And (Parcel 6)
From the Northcasr comer of the Northeast qumtcr of the Southeast qunrter of 1he Northea t quertJJr of Section 33, Township 31 South, Range 39 East, Indian River County, Ploridu; run South 00 degrees 05'48" West n distance of 423-.'12 fed to the point of beginning orthe herein described pt'openy; thence continue South 00 degrees 05'48'' West a dlstnnco of208.7l feet; thence ron North 39 degrees 44'39" West II distonce of 208:/l feel; thence run Norlh 00 degree$ 05'48" Eust a distance of 208.71 foci; thence run Souih 89 degrees 44'39" East a distance of20&.71 feet lo the point ofbegi1111ing.
All of the above property being also described as follows;
A parcel oflnnd lying in Seclions2S-, 33 and 34, Towo hip 31 South, Rllflge 39 Eust. Indian iver County, Florida, said parcel being more particularly described as follows:

002/ 38490129,i

T)'pe: Vacant Residential Acreage	Sale Number: 88-3284-1943

BK: 321U PG: J'.lJ9

Begin nt tho intersection of the East right of Way line ofStmrisc.Avenue nnd the South right of way line of\Vubasso Road (C<)unty ll,Qad 510); thence No.tth 45 degrees 09 minutes 39 ,seconds East, along said South right of way line, a distance of 314.00 feet to the poinl of ourvaturc of a c11rvc concave iQ the Southeast havin arndius of2824.79 feet; thence Northeo l.nlong lhc aro of said curve, through a central angle of 11 degrees l O minutes 35 seconds, a distance of 55 l .02 feet; thet1ce North 56 degrees 20 minutes 14 seconds East, a distance of263.32 feet; thence South 7 degrees 22 minutes 28 seconds East, n disfllnce of 366,8!! feet; thence Smith 75 degrees 16 iniriules l7 $econds \Vest, 11 distnnce of 176.14 foet; ihence South 25 1fogre s 17 minutes 59 seconds East, a distnncc of 295.14 feet; thence South 25 dogrces 29 minutes 38 seconds East, a distnnce of8l5.64 feet, more or less lo a point on the Section line between Sections 28 nnd 33; thence contirme South 25 degrees 29 mi1iutes 38 seconds East along said line, a distance of 1473.88 feet more or less to a point on the North line of Government Lot 2 of said Section 34; thence North &9 degrees 50 minutes 08 seconds West, along said lii1e, a distance of 55.89 feet more of ss to the mean high water line o[the lndinn River; thence Southeasterly nlong snid line, a distance of 696,63 feet more or less lo a point on the'south line of the North half of said Government Lot 2: thence Sontl189 degrees 22 minutes 02 seconds West along said line a distnnce of 20.46 feet; thence continuing West along said line , 11 distance of 702.94 feet to a point on the line between said Sections 33 and 34; thence North O degrees 07 minutes 27 seconds East along snid line, a distance of 15.00 feet; U1encc NJ)rth 89 degrees 39 n:iinutcs 20 ecor)dS West, a dlstaucc
of 673.55 feet; thence South O degrees 01 minute 27 seconds West, u distance of35.00 fe t; thence Nmth 89 degrees 39 minutes 20 seconds West, a dls!anc.e of 156.35 feet lo a point on the East right ofline of US Highway 1 and to the point of cut11nture of n non-tangent curve concav.e to tJ1e Southwest, having a radius of 17241.75 feet, n central angle of 2 degrees 46 minutes 38 seconds, and n chord of 835.69 feet bearing North 31 .degre<lS 06 minutes 08 seconds West; thence
Northwest along said curve, a distnnce of 835.77 feet; thence Nolih 32 degrees 06 mi11111es 50 seconds West, a distance of 164,98 fe,:t lo n point here.inafier referre<,l to as point "A" nrt<l u point. on tbe East right of way line of Sunrise Avenue; thence 1'!orlh O degrees 07 mi11u1cs 29 seconds West, along said &st line, a distance of 1139.85 feet; tl1cnce Nocth O degrees 20 mit111tes 31 seconds West, a distnnce of 692.65 feel (o 11111point of beginning.

Together with:

A parcel of land lying iu Section 33, Townsblp 31 South, Rongo 39 Enst, Indian RiYcr County, Florida, snid puree! being more pacticulnrly dcscfibcd as follows:

Commence at previously described Poinl "A"; thence North 32 degrees 06 minutes 50 seconds Wcsl, along the East right of way line of US. Highway I, a dista11ce of 76.46 feet to the point of beginning; thcrtce continue North ;32 dcg,:ccs 06 minutes 50 seconds \Vest along said Hue, a distance of 176.94 feet; thence North 89 degrees 56 minutes 20 seconds East, a distance of99.24 feet; thence South O degrees 07 minutes 29 seconds East, a distam:e of 149.97 feel; thence South 89 degrees 56 minutes 20 seconds West, a distance of 5.51feet to the point of beginning.

Togelherwilh:
A pHr(;(:I of Jund lying in Sectto1l 28, Township 31 Soi11h, Rnngc 39 East, Jndinn River County,
Florid.1, l)escrlbed o follows:

0B]/38190119.'l

Type: Vacant Residential Acreage	Sale Numbel': 88-3284-1943

BegiU at the intersection oflho East right \lf way line of Sunrise Avcauc and the South right of wny line of Wabasso Road (County Road5 IO); lhel1Cfl South 45 degrees 09 Jninules 39 seconds West, alorlg said South right of way line, a distance of 35.05 feet to lhc point of beginning;
thence Soulh O deg{ees 20 minutes 31 seconds &tsr, alo11g the West right ofway line of Sunrise Avenue a distance of 477.99 feel;, thence North 89 degrees 58 minutes 56 seconds West, a dislpn11c of 5'.00 feet; thence South O degrees l5 minutes 34 seconds East, a distance of 25.00
feet; thence North 89 degrees58 minu1cs 56 seconds Wc. t, a di lance of446.91 feet, lo n point on a li11i: which is 80,00 feet East of1!1e cen!erllne ofsuid County Road 510; thence North 45 degrees 09 minutes 39 seconds East, afong s11id line, a dislflnce of 35.44 feet; thence North 89
degrees 58 minutes 56 seconds West, a distance of 56.71 feet to the Enst right of way line of County Rond 510; thence North 45 degrees 09 minutcsJ9 cconds East, along said right of way line, a distan of410.91 feet; thence South 89 degrees 58 minutes 56 seconds Eas\, n disiance of 4.88 feet to the Southeast.corner of Lot 7, 8lock 9 of snld Plat ofWcona Paik; thence No11h 00 degrees20minutes 31 seconds West, a distanceof4.83 feet to a point on the afor 111entioncd Easl right ofwny line of County Road 51O; thence North 45 degrees 09 minutes 39 seconds East, along said right of way line, a distance of259.51 feet to the point of beginning.

LESS AND EXCEPTING thut portion as set for1h and described in that certain Worrmily Deed recorded in Official Records Book 2016,, Pnge 1929, .Public Records of Indian Rive; County, Florida.
AND

LESS AND EXCEPTING that portion deeded to [ndian River County, Florida as set forth .and described ip 1hosc certain \VMranty Deeds recorded in Official Records Book.2067, Pages 1 l:SI and 1155, Public Record of Indian River County, florida.

AND

l,P.SS AND 1;:XCEl;'TING Jhat portion as set forth and described in that certain Warrnnty Deed r«orded in Officfal Records Book 2092, Page {673, Public Records of lndin11 River County, f11orida.
And Condo #2-02

A Parcel of lnnd being a portio,1 of Section 28 and 33, Township 31 South, Range 39 Eest, Indian RivcrCou11ty, Florido, said ptlreel being more particulurly dcscrlbed us follows;

Conunence at the intersection of the East right ofway line of Stmrise Street as $bown on the Plat of Wcona Park, nccording lo 1he plallhcreof,as recorded in Plat Book 2, Page 17, Qflhe Publio Records oflndian River County and the $oulh right of way line of County Road 51 O; thence S 8°32'45"E 4 disiancc of 695.68 li:ct to tl1e Point of Beginning; thence S 89°49'52"£ u distance of
168.00 feet; thence S0°l0'08"W a distance of 98.50 feel; thence N89°49'52"W a distance of
168.00 feet; thence N0°l0'08"E-a distance of98.50 feel to the Point.of Beginning.
And Condo 1/4-01

DB2/ 38-190129.2

DK": 321!4 PG: l'JSI

A p rccl of land !wing a portion of Section 28, Township 31 South, Range 39 :East, Indian River County, Florida, said parcel being more particularly described as follQWs;

to

Comlnence al the intersection of the East right of way line ofS1mrisc-Stccct as shown 1m the pint ofWeona Park, according to the plat thereof, as recorded in Plat Book 2, Page 17, of the Public Re.cords of Jndian River County and the South right of way line of County Road 51O; thence S61°54':57"E a distnncc of907.08 feel to the Point of Beginning; thence N68°00'52"E o distance of60.00 feet; thence S2t 59'08''E a distance ofl6D.OOfeet;_theilce S68 00'52"\V a distance of
feet; thence N21°59'08"W a distance of 160.00 feet  the Point orBesinning.
And Lol(s) 9 1md 10, Block 5, Gmves Addition lo Wabasso Fla., ae<:ordii;ig to the map or plat thrc0f, as recorded in Plat Book 2, Page(s) 41, of the Public Records of Jndian River County, Florida, being in Section 33, Township 31 South, Range 39 East,

LESS ANTI EXCEPT Highw(ly rlght•of-way nsdescrib -d in Officinl Records Book 100,'P"ge 495, Public Records oflndian River County, Florida, bcingJnore panicularly desc_ribed as follows:

Begin11ing at a point on the North line of and 25.00 feet West of the Nonheast comet·of S(lid Loi 9, nm Westerly along said North linen distance of48.IO feet; thence Southerly along the West line ofs.1id Lot 9 a distance of 150 feet; thence Easrerly along the South line of said Lots 9 and IO a distance of 142.61 feet,!hence N 32° J7'29" W a distance of 177.63 foci to the Poinl of Beginning.

LESS AND EXCBPT 82nd Street right-of-wny as- described in Officio! Records Book 2067, Page 11511 Public Records of Indian River County, Florida, being more pnniculnrly described as follows:
BRISTOL BAY ADDlTJONAL R1GHT Of' WAY PARCEL US 1-2

A PARCEL OF LAND LY'JNG JN SECTION 33, TOWNSIIIP 31 SOU11-f, RANGE 39 EAST INDIAN RJVER COUNTY, fLORlDA.. LYING EAST OF THE EAST RIGHT OF WAY LINE OFU.S. HIGHWAY I AND J3ETNGMORE PARTICULARLYDESCRJBED AS FOLLOWS;

BEGIN AT TIIE [NTERSECTION OF THE SOUTH LINE OF THE NORTHWEST QUARTER 01' THE' SOUTHEAST QUARTER OF THE NOR11lEAST QUARTGR 01' SAID SECTION 33 AND A POINT ON .A LIN!! 'IHA'J' JS .SJ./JO FEh'T EAST OF, AS MEASURED AT RIGHT ANGLES TO THE CBNrERLlNE OF SAID US HJGHWAY J. SAID POINT ALSO BEING A
l'OlNT ON A CURVB, CONCA VETOT.HE SOUTHWEST, HAVJNG A RADllJS OF 1724 t.7
FEET: 11-fENCE NOR'm ALONG T.i-IE ARC OF SAID CURVp THROUGH A CENTRAL ANGLE Of 2 DEGREES 46 M1NUTES 38 SECON,DS, AND A CHORD QF 835.69 FEET BEARING NORTH J.I D_EQ.Rl:!ES 06 MINUTES 08 SECONDS WEST, AN ARC DISTANCE
or &35.77 FEET: THENCE NORTH 32 DEGREES 06 MINUTES 50 SECONDS WEST, A
IJJS"l'ANCfl OF 41-8.38 PEET TO A POJNT ON THE NORTH LINB OF LOT 9, BLOCK S, GRAVES ADDITION TO WABASSO f:LA, ACCOROINQ TO nm PLAT TlffiREOF AS RECORDED IN PLAT BOOK 2, PAGE 41, QF THE PUBLIC RECORDS OF JNDJAN RNER
COUNTY, FLORIDA; THENCE NORTH 89 DEGREES 56 MINUTES 20 SECONDS EAST, ALONG THE NORTH LINE OF SAlO LOT 9 AND ALSO LOT JO, A DISTANCE OF 31.86 FEET TO A POINT ON A LINE THAT IS 80.00 FEET EAST OP, AS MEASURED AT RIGHT

002/ .lS49(11,29,2

BK: 32H4 PG: 1%2

ANGLES TOTHE CENTERLINE OF SAID US IIIGIIWA YI; TIJi:NCE SOUTH 32 DEGREES 06 MINUTES 50 SECONDS EAST, ALONG SAID LINE, A DISTANCE OF 401.30 FEET TO THE POINf 01' CURVATURE Of. A NON-TANGENT CURVE, CONCAVE TO THE. SOUTHWEST, _HAVING A RADlUS OF 17268,75 FEET, A CENTRAL ANGLE OF 2 DEGREES 49 MINUTES 45 SECONDS, AND A CHORD OF 852.61FEET BEARING SOUTH 31 DEGREES 04 MINUTES 33 SECONDS EAST; THENCE SOlJ11IBAST ALONG THE ARC OP SAID CURVE, A  O!S'rANCE  OF 852.69  FEET TO  A  POINT ON TI-IE
AFOREMENTIONED SOUTH LINE or THE NORTHWEST QUARTER  OF THE
SOUTHEAST QUARTER OF THE NORTHEAST QUARTER OF SAID SECTION 33; THENCE NORTH 89 DEGREES 39 MINUTES 20 SECONDS WEST, ALONG SAID LlNE, A DISTANCE OF 31.l 8 FEET TO THE POINT OF DEGINNJNG;
LESS HOWEVER ANY PORTION OF SUNRISE AVENUE WHICH LlES WITHIN THE DESCRIBED PARCEL AND IS SHOWN ON THE AFOREMENTIONED PLAT OF ORAVES ADD1TION TO WABASSO.

TOG.ETHER WITH a portion of the nbn11doned road right-of-way which is n ponio11 of the Southwest side of Sunrise Avenue (46th Ave.) pcrlnilinn River Cmmty Resolution 2006-165.

AND the1)ortion of Lot 2, Block 3, Uni1.No. I Wabasso Manor Addition, nce-0rding lo the map or plat thercuf, as recorded in Plat Dook 4, Page(s) 68, of lhe Public Records of Indian Ri\ler County, Florida, 'lying Est of said U.S. Highway No, I.

LE S AND EXCEPT 82nd Street righl-of-way as described in Official Records Book 2067, Pag 1151, Public R cords of!ndinn Ri"ver County, Florida, being more J>articularly described as follows:

BRISTOL BAY ADOITIONAL RJGHT OF WAY PARCEL US 1-2

A PARCEL OF LAND LYING IN $ECTION33, TOWNSHIP 31 SOUTH, RANGE39EAST INOJAN IUVER COUNTY, FL6RIDA. LYING EAST OF THE EAST RIGHT or WAY LINE Of 11,S, HIGHWAY l ANO BEING MORE PAllTICULARLY DESCIUBED AS FOLLOWS:

BEGIN AT THE INTERSECTION OF THE SOUTH UNE OF TI-IE NORTIHVEST QUARTER OF THE SOUTHEAST QUARTER OF THE NORTHI:AST QUARTER OP SAJD SECTrON 33 AND A POINT ON A LINE THAT IS 53,00 FEET EAST OF, AS MEASURED
AT RIGHT ANGLES 'ro THE CENTERLINE OF SAID us H!GHWAY I, SAID POINT ALSO BEING A POINT ON A CURVE, CONCAVE TO nm SOUTHWEST, HAVlNG A
!lAI)IUS OF 17241.75 FEET:'fHENCENORTH ALONG THE ARC OF SAID CURVE THROUGH A CENTRAL ANGLE OF 2 DEGREES 46 MINUTES 38 SECONDS, /\ND A CHORD OF 835.69 rEnT BEARING NORTH 31 DEGREES 06 MINUTES 08 SECONPS WEST, AN ARC DISTANCE OF 835.77 FEH; THENCE NORTH 32 DEGREES 06 MINUTES 50 SECONDS WEST, A DISTANCE OF 418.38 FEET TO A POINT ON THE NORTH LINE OF LOT 9, BLOCK 5, ORAYES ADDITION TOWABASSO FLA, ACCOllDING 'TO THE PLAT THEREOF AS RECOrtJ)ED fN PLAT BOOK 2, PAG°E 41, OF THE'. PUBLIC llECORDS OF fNDIAN RIVER COUNTY, FLORIDA; THENCE NOR'ffi R9

Type: Vacant Residential Acreage	Sale Numbel·: 88-3284-1943

BK1 32/U PC: 19$3

DEGREE$ 56 MINUTES 20 SECONDS EAST, ALONG THE NORTH L.TNE OF SAID LOT 9
AND ALSO LOT JO, A DISTANCEOF3LK6FEETTOA POINTON A LINETHATIS
80,00 FEEl E,\ST OF, AS MEASURED AT RIGHT ANGLES TO nm CENTERLINE or
SAID US HfGHWAY l; THENCE SOUTil 32 DEGREES 06 MINUTES 50 SECONDS EAST, ALONG SAID LINE, A DIS"fANCE OF 401.30 FEET TO THE. POINT OF CURVATURE OF A NON-TANGENT CURVE, CONCA VE TO lHE SOUTHWEST, HAVING A RADIUS or
17268.75 FEET, A CENTRAL ANGLE OE 2 DEGREES 49 MINUTES 45 SECONDS, AND A CHORD OF 852.61 FEET BEARING SOUTH 31 DEGREES 04 MINUTES 33 SECONDS EAST, UIENCE SOUTHEAST ALONG Tiffi ARC OF SAID CURVE, A DISTANCE Of
852.69 FEET TO A POINT ON THE AFOREMENTIONED SOUTH LINE OF THE NORTHWf.ST QUARTER OF THg SOUTHEAST QUARTER OF THE NORTI !&\ST QUARTER OF SAID SECTION 33; THENCE NORTH 89 DEGREES 39 MlNUTES 20 SECONDS WEST, ,\ LONG SAID LINE, A DISTANCE OF 31.I8 FEET TO 11·JE POINT OF BEGINNING.

Poree! Num rs:

31.39 33.00001.ooso.oooowo (8336 us Hwy I)
3l-39·33-00003-0030·00002/0 (831o US Hwy l)
31-39-34-00000·0020-0000l/0 (82nd St)
3 l-39-34·00000•0020-00002/0 (82nd St)
31-.39•27-00003-0000-00001/I (CR 510)
31-39-27-00003·0000-00001/3 (CR 510)
31-39-27-00003-000D-OOOOI/4 (CR 510)
31-39-33,00000-l000-00027/0 (4306 82nd St)
31-39-JH0000-1000-00027/1 (43M 82nd St)
31-39-33-00000-1000-00028/0 (8290 US Hwy I)

DB!1/ 1490119.2

Type: Vacant Residential Acreage	Sale Number: 88-3284-194'.3

i

SEXTON ENGINEERING ASSOCIATES, INC.
Consulting Engineers ond su,veyors

ENGINEERING ANALYSIS OF PARCEL 101/800

County Road 510 (85t11 Stt·eet/90th Avenue) State Project No.: 88050-2507 (Right-Of-Way Map)
Financial Project No.: 405606-4 Indian River County, Florida SEA No. 2236Pl 01

Submitted By:
1YLLcAa.t.l -•F

.JI.Xtu,L-P-i.l.,, P..J.m.

Michnel F. Sexton, P.E., P.S.M. Fl. Reg. No. 28558

March 28, 2023

TABLE OF CONTENTS

Introduction

FDOT Acquisition and Improvement

Existing Conditions

Utilities

Proposed Conditions

Conclusion

Exhibits

Legal Description of Parcel 101 Lcgnl Description of Parcel 800
Abbreviated Parent Tract Sketch (2 Sheets) Aerial Detail Sketch (2 Sheets)
Parcel Sketch (2 Sheets)
Existing Conditions Sketch (2 Sheets) Proposed Conditions Sketch (2 Sheels)

Sexton Engineering Assodates, Inc.	Pagc2	Mnrch 28, 2023

Infroduclion

Sexton Engineering Associates, hie., has been nskia:cl lo review lhe potenfo1I impacts to remainder propel1ies along County Road 510 (85°1 Stree1/90'" Avenue) as a result of planned Iight-of-way acquisition find highway improvements by the Florida Department of Trnnsportation (FDOT}, in Indian River County.

111e County Road 510 (85°1 Street/90°1 Avenue) project pl'oposes right-of-way acquisitions to focilitate the widening of County Roa<! 510 (851h Strcet/901" Avenue) from County Road 512 (Sebastian Boulevard) to g4ui Avenue from an existing two-lane rnral roadway to a fo\lf·l 1e divided roadway. 'TT1e proposed improvements include four (4) travel lanes, raised median, l\1111 lanes, sidewalks, a grassed strip for utilities and stonn water drainage ponds to serve the project FDOT proposes to ucquire additional right-of-way required for the planned improvements including Parcel JO1 and Parcel 800.

FOOT Acquisition mul Improvement

TI1e FDOT has prepared Right-of-Way·Maps dated November 18, 2021 and revised November 2, 2022 for the proposed project and have identified Sebastim1 River Drainage Dislrict, (SR.DD) as the owner of the Parent Tr.tel for Parcel 101. Based on the FDOT Title Repor1s, the property was originally acquired by the District with a Quit Claim Deed on July 5, 1961, as recorded in ORB 128 at Page 87 of the Public Records ofindian River County, Florida.

TI1e 31.452 acre parent tract of Ptu-cel JO l (as defined by the FDOT Right-of-Way) is located ensl
of County Road 510 (901h Avenue) approximately 4,000 foci south of County Road 512 (Sebastian
Boulevard) and continues south lo south of851" Street in unincorporated Indian River County. ·nw
property is classified .is a Right-of-Way by the Indian River County Prope1iy Appraiser and has
not been assigned a P,ffcel Identification Number.

'foe parent lrnc1 prope1ty as defined by the FDOT Right-of-Way Map is divided into two paits, a 7.629 acre property .is located north of the County Road 510 (851h Street) Righl-of-Wfiy and a 23.823 aci-e property is located south oflhe County Road 510 (851" Street) Right-of-Way. Only the 1101th paii ofthe FD01· defined Parenl Tract is impacted hy the acquisition of Parcel 101, We have identified the 1to11h 7 .629 acre pa11 as an Abbreviated Parent Tract for this report.

11Je Abbreviated Parent Traci is located east of County Road 51(') (901h Avenue) from approximately 4,000 feet south of County Roiul 512 (Sebastian Boulevard) to the north Right-of. Way line of County Road 10 (851" Strt!el). TI1e subject property has an approxi111ate one quruier mile long section to the no11heast frorn the east Right-of-Way of County Road 510 (90111Avenue) vm·ying in width from 80 feet to 160 feet at the 1101iheast limits, then rnns directly south of the
County Road 510 (901h Avenue) Right-of-Way-for approximately 0.9 miles 1o the west Right-of­
Way of County Road 510 (90th Avenue) and varies in width from 80 feel to 100 feet The abbreviated parent tract has m1 area of7.629 acres.

·nie attached "Abbreviated Parent Tract Sketch" identifies ihe abbreviated parent tract as defined above.

Sexton Englnccl"i.ngAssociates, Inc.	Pngc3	March 28, 20i3

Fimmci.nl Pl'ojcct No.: 405606-4	Indian Rh-er County, Flm·itln

Parcel 101 is divjded into two (2) patis and is lo be acquired for the proposed construction of roadway and drainage improvements for the County Road 510 (90u, Avenue) project and the conslmction of a new drnirn1ge culvert crossing for the relocated County Road 510 (90u' Avenue) connection to County Road 510 (85th St reel), The west part of Parcel 101 is located in the southeast portion of the abbrevia1ed parent tract along 1he ens! Right-of-Way of County Road 510 (90th Avenue) hegi11ning approximately 1,083 feet north of the center line of g7u, Street and has 1,799,23 feet of frontage along County Road 510 (90°1 Avenue) and varies in width from 6.47 feet to !01 .55 feel, thei1 a 10. 16 feet long jog and angles lo the southeast for 222.04 feet to the east line of the 1101th line of the west part of Parcel 10 lime! consists of2.374 ncres.

·n1e cast pa11 of Parcel 101 located at the east li11c of the east pnrt of Parcel 101 Md lileasnres
381.76 feet and v.irics in width from 30.39 feet wide along the t10dh bounda1y and 27.82 feet along the south boundruy and consists of 11,384 square feet (0.262) acres. The combined area for the two (2) paiis of Pnrcel 101 is 2.636 acres.

Parcel 800 is Lt Peq,etual Easement lo be acquired for the purpose of construction a11d maintaining drai11age strnctures, pipes, endwalls, slope stabilization, ditches, or swnles beneath the propeity, together with the right of access, ingress, and egress, nnd the righl of access, ingress, and egres. for the purpose of niai,Uaining the adjoining canal and bridge structure, along with any other incidences necessary or convenient in co1111eotion !herewith. Parcel 800 is located at the south end
offhe west pa11 of Parcel 100 and east of the existing County Road 510 (90111Avenue) Right-of­
Way nnd 111east1res 272.06 feet along the east boundary and 25.33 along the nmih boundary along Parcel 10 I and 322.51 feet along the west boundary and 77.01 feet in length along County Road 510 (90tl' Avenue) aud consists of 6,582 square feel.

Existing CondiHon

111e subject property is localed within unincorporated Indian River County. No paved nceess is crnrnntly pro\1ided along County Road S10 (90u, A,•etme) to the subject property.

1l1e subject pr.ope1ty is improved with m1 existing regiom1l drainage canal located -a minimum of five (5) feet to 50 feet east of County Road 510 (90th Street) and varies in width from 45 feet to 65 feet with heavy vegetation across the property. Bnsed on ow· site inspection January 17, 2023, and
the FDOT topographic file, the existing improvements include a drait1age canaI within the existing abbreviated parent tracl. No existing private domestic water or sewer system 11re provided to the prope1ty at this time.

The attached sketch entitled, "Existing Comlitio1L Sketch" identifies the existing County Road 510 (90th A\lenue) rnadway iniprovements adjacent to the subject prope11y and the location ofthe
existing limits of lhe drninage canal based on the FDOT Conslmction Plans. Stormwatel' along County Road ,510 (90Lh Street) is collected from the grass swalc located in the road Right-of-Way and piped lo the adjoining canal.

No site iu1provements have been located within Parcel 101 and Parcel 800.

Sexton EngiJlC'('l'ing Associaf('s, Inc.	Morch 28, 2023

Financial Pmjcct No.: 405606-4	Imlian River County, Flol'ithl

Utilities

Indian River County U1ilities provide water and sewer service to the area and have ,m existing 16" waler main and 12" PVC Force Mai1nvithin the County Road 510 (90tl' Avenue) Right-of-Way adjacent to the subject property. No public watel' or sewer services are connected to the property at this time. Florida l'ower & Light has existing overhead distribution lines along the properly frontage and AT & T and Crown Castle. Fiber have existing overhead and underground facilities within the existing County Road 5IO (90°1 Avenue) Right-of-Way along the properly frontage. Floridu Public Utilities has and existing 6" gas line adjacent to the subject property.

PJ'Oposed C01ulitlon

111e PDOT is currently having constrnction plans prepared for the proposed project and have provided Construction l'lans prepared by Consor Engineers, LLC., dated November I. 2022 to assist in our review oft he project.

1l1ese plans derail the constmclion of1he proposed roadway and drainage improvements including a four (4) lane divided roadway with a raised median, tum lanes, bike lanes, sidewalk and drninage irnproven,en!s. The project provides a redesign of the alignment for County Road 5 JO (85th Strcet/90th Avenue) Right-of-Way to provide a curved connection between Cotmly Road 510 (90°1 Avenue) and County Road 510 (85th Street). The acquisition of a po1iion of Parcel 101 will separate the abbreviated parent trnd propeliy into four (4) pmts, 1101th and south of the new County Road 5JO improvements. TI1e FDOT project will construct a 50 foot wide three (3) sided concrete
culveii tmdcr the new four (4) lane divided roadway to connect the existing drainage canal 1101th of the relocated roadway within the remainder canal improvements south of the new roadway and to restore the historic drnimige flows for the regiollal cnnal.

1l1e proposed County Road 510 (90u' Avenue) roadway improvetllents adjace11t to the remainder propetiy will consist of four (4)through lanes and a raised median wilh len tum lanes. 'Ille new roadway will be constructed approximately 2 feet higher lhan the existing County Road 510 (90th Avenue) roadway wilh a concrete sidewalk along Counly Road 510 (90lli Avenue) Right-of-W11y lines. The proposed improvements will harmonize with the remainder property within the existing
Right-of-Way of County Rond 510 (901h Avenue/85111Street).

Parcel 800 will be utilized for constructing and maintaining drainage structures, pipes, endwalls, slope stabilization, ditches·, or swales for the new concrete culve.-t a11d the existing SRDD Lateral "D" Canal located along the east of the County Road 510 (90ti' Avenue) Righ1-of-Way.

1n addition, a 14 foot Wide asphalt access dt:iveway to serve the remainder prope11y will be provided along County Roacl 510 (90th Avenue) approximately 750 feet 11011h of8111Street along the east Right-of-Way to provide replacement access to the 1101-them p01iion of the Abbrevfatcd
Parent Tract. Two (2) additional 24 foot wide driven•ays east of the new Com1ty Road .510 (90111 Avenue) canal crossing will be provided along County Roiid 510 (85ll1 Street) to provide access to.
the. easlem portion of lhe SRDD Lateral "D'' C(lnal Right-of-Way, nm1h & south of the new County Road 510 (90th Avenue) canal crossing. These driveways will pmvide access to all areas of the remainder prope11y.

Sexton Engiucel'ing Associates, Inc.	Pnge5	Mnrdt 28, 2023

Fhmndal Pr0;ject No.: 405606-4	lmUan Rh·cr County, Flolthln _

We have reviewed the atTected J)roperly aftel' the proposed acquisition and have prepared the attached sketch entitled "Proposed Conditions Sketch". ·n1e FDOT proposed roadway and drainage improvement docs impact the use of the SRDD L--iternl "D" Canal. 'lhe proposed
construction of the concrete culvert ancl replacement canal will mitigate the impacts from the project and will allow the SRDP Lateral •·p" Canal to function as in the existing condition.

Conclnsion

1l1e proposed Right.of-Way acquisition witl impact the remainder property by separating the canal by a section of new County Road 510 (90m Avenue) roadway imprnvements, however lhe proposed FDOT drainage improvements will provide replacement drainage connections and new paved driveways will provide access to all remainder SRDD Right-of. Way along the project limits.

·n1e parent tract prope1ty will be.reduced in size by 2.636 acres as a result of the acquisition of1he combined Parcel 101.

Sexton Enginccdng Associates, Inc.

Pnge6

Parcel No. l O I	County Road 510	Indian River County	Description

A portion ofland lying in the Southwest One-Quarte1' (SW 1/4) of Section 26, Township 31 South, Range 38 East, lndir111 River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Depm1ment of Tnmsportation Right of Way Map of County Road 510 (90th Avenue), Item/Seg111ent No. 4056064, Section 88050-2507, being more pmticularly described :is follow. :

Conunence al a found pk nail and disk stamped "LI33608" marking the West One-Qumter (W 1/4) Comer of said Section 26; Township 31 South, R:inge 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, a distance of
50.00 feet to a poilll on the Easterly Existing Right of\:Vay line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence North 88°40'29" East, a distance of 6.47 feet to the beginning of a. non-tangent curve concave Easterly, having a chord bearing of South 03°12'54" Ea t; thence Southerly along said curve, having a rndius of4,928.00 feet, through a central angle 03°46'47", an arc distance of 325.09 feet to the end of said curve; thence No11h 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tnngent curve concave Easterly, having a chord bearing of South 05°20'10" East; thence Southerly along said <;111-ve, having a radius of 4,915.00 feet, through a central angle 00°27'44", an arc distance of 39.64 feet to the end of said curve; thence South 84°25159'' West, a distance of 15.00 feet to the beginning of a uo11-tm1gent curve concave Westerly, having a chord bearing of South 02°43'37" East; thence Southerly along said curve, having a radius.of 5,070.00 feet, through a central angle 05°57'20'', an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00'' West, a distance of
396.01 feet the beginning of a curve concave Easterly, having a chord bearing of South 08"28'07" East; thence S0utheasterly along said c;urve, having a radius of 1,021.00 feet, through a central' angle t7°26'14", an arc distance of 3 lO.73 feet to the encl of said curve; thence South 00°02' L3" West, a distance of 176.92 feet; thence South 00°04'23" West, a distance of
232.35 feet; thence Noi1h 24°13'55 West a distance of222.04 feet; thence North 89°47'48" West, a distance ofl 0.16 feet to a point on -said Eastedy Existing Right of Way line of County Rolld 510 (90th Ave1we); thence N011h 00°12'12'' East along said Easterly Existing Right of Way line of County Road 510 (90th Ave11ue), a distance of 1,799.23 feel to the POlNT OF BEGINNING.

Containing 2.374 acres, more- or less.

AND

A portion ofland lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Depattment of Transpotfation Righi of Way Map of County Road 510 (90th Avcnue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Parcel No. 101	Coun(y Road 510	Jndian River County	Description

Commence al a found 4"x4" concrete momuuent marking the Southwest (SW) Comer of said Sec!ion 26; thence Nm1h 00°11'50" East along the West line of said Southwest One-Quarter (SW l/4) of Section 26, a distance of 190.90 feet; thence Sonth 89°48' 10" East along a line at a right angle to the. previou. ly described course, a distance of 14.9.5 feet to the point of curvature on the Baseline of Survey of said County Road 510 (90th Avenue); thence No11h 00°12'1'2" East along said Baseline of Survey of said County Road 5 JO (90th Avenue), a distance of 484.42 feet; thence No11h 89°47'48" West along a line at a right angle to the previously described course, a distance of260.00 feet to the POINT OF BEGINNING; thence Not1h 89°48' JO" West, a distance of30.39 feet; thence South 00°35'00" West, a distance of 61.31 foet; thence South 00°11'27" East, a distance of 286.40 foet; !hence South 01°32'59" East, a distm1ce of 34.0S feet; !.hence Notth 89°48' lO"West, a distance of27.&2 feet; thence North 00°11 '50"East, a distance of381.76 feet to the POINT OF BEGINNING.

Con1aining 11,384 sqtrnre feel, more oJ·less.

All together containing 2.636 acres, more or less.

Parcel No. 800	County Road 510	Indian Rivc_rCounty	Description

A portion of land lying in the So11thwest. One-Qua.tier (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Department of Tr.anspoitation itight of Way 'II-lap. of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence al a found 4"x4" concrete mo1\mnenl. marking the Southwest (S\V) Comet' of said Section 26; thence North 00°11'50" East along the West line of said Sonthwest One-Qualier (SW 1/4) of Section 26, a distance of 190.90 feet; thence South 89°48'10" East along a line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the
Baseline of Survey of said Cot1nty Road 510 (90th Avenue); thence No1ih 00°12'12" East along said Baseline of Smvey of sa:i4 County Road 510 (90th Avenue), a distance of 202.19 feet; thence South 89°47'48'' East along a line at a right angle to the previously described course, a distance of
141.53 feet to the POINT OF BEGINNING; thence South 24°13'55" East, a distance of 25.33 feet thence South 00°11'50" West, a di trmce of 23:.79 feet; thence South 01°03'18" Eas1, a distance of
272.06 feet; thence South 04°06'04" West, a distance of 20.14 feel to a poinl on the Northerly Existing Right of Way line of Cotmty Road 510 (90th Avenue/85th Street) and the beginning of a non-tangent curve concave Noiiheasterly, having a chord bearing ofN01th 60°03'36" West; thence No1thwesterly along said ourve and said No1therly Existing Right of Way line of County Road 510 (90th Avcnuc/85th Street), having a radius of 140.99 feet, through a central angle 31°17'48", an ;:ire distance of77.0 l feet to the end of said curve; thence North 45°35'19'' East, a distan e of 71.55 feet; thence North 00°11'50" East, a distm1ce of250.96 feel to lhe POJNT OF BEGINNING.

Containing 6,582 square feet, more or less.

A perpetual easement for the purpose of constructing and maintaining drainage stn1ctures, pipes, endwalls, slope stabilization, ditch, or swale beneath the said prope11y, 1ogether with !he right of access, ingress, a11d egress, and the right of access, ingress, and egress for the purpose of maintaining the adjoining canal and bridge structure-, along with any other incidences necessary or convenient in connection therewith.

P ge l of l

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IZZI PARCEL 101 AREA

AREA SUI-IMAHY
PARENT TRACT /\REA	= 31.452 AC
PARCH 1D1 (WEST]	= 2,374 AC
PARCH 101 {EAST)	= 0.2621\C
TOTAl101AREA	= 2.6361\C
REMAINDER AREA	=26.8161\C PARCEL 800 AREA: 6.582 SF, 0.151 AC

EAST PART OF
/\BBREVl/\lEO
PARENT TRl'.CT

-f 0'  $E8/1$11/IN RIVER DRI\IN/\GE O1!'.lRICT PERPETUAL ESMT. fOR WATER CONT Dl f; t,11\INTHIANCE OF DMINAGE SYSTEM
[0.11.B. 917, PG. Sn)
- - - -

THIS IS Nor	

100

A SURVEY	
COUNTY ROAD NO. 510 85th STREET I 90th A VENUE
F.P. NO. 4056064 INDIAN RTVER COUNTY	Sr.XTO), r,J,GINEfJUNGASSOCIAITS, we.
I toJ(S<IWl1<l £1(;1tEERS Alo"O S<J....-rOOS
.,	oc u� srR£1:r.sm1£ m
to.AL /'MIi lll,to,,fl.(iiOl »a
Ft(JJ! '56'·7'2·.Sr.2'1 I.Ar 3&·192·565
Jl. RCG..Sf.ft.O'DrS, ,	ttt COOltlt'	PARCEL SKETCH PARCEL 101/800
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--	PERPE1UAL ESI-\T, FOR WATER COtJTRQL & MAINTENANCE OF DRAINAGE SYSTE,M (0.!\8. 917. PG. 822")

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J PARCEL 800 AREA

86th PLACE

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AREA SUMMARY
!'Ar\CNTTRACT AREA PARCEL 101 (WEST]
PARCEL 101 (EAST)
TOTAL101AREA
REMAINDER AREA

= 31.4521\C
= 2.374AG
= 0.262AG
= 2.636AG
•28.816AC

PARCEL 800 AREA= 6,582 SF, 0.151 AG

WEST PAR OF­
AB BR EVIA ED
PARENT T  CT

'

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EAST PART OF ABBREVIATED PARE NT TRACT

86th STREET

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COUNTY ROAD NO. 510 85rh STREET I 90th A VENUE
F.P. NO. 405606-4
JNDJAN Rl\lER COUNTY

SURVEY C.11. 510 185TH STREET)
n	:			
ilB-I	lHIS 15 NOT A SURVEY

				

0	50  100

EGEND:

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((./flf I UJ€	i).	Tfl FPH{l ff
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ll.  FR\JF-,rnn lllll	li'l SH.i;n_
w:.miAJFtE ':.TM.>OMW	UU:'Pi!OI\E POLE

AREA SUMMARY
PARENT TRACT AREA	=3L452AC
PARCEl 101 WEST)	 = 2,374 AC PARCEL 101 EAST)	= 0.262AC
TOTAL 101 AREA	= 2.636AC
REMAINDER AREA	=26.816AC

PARCEL 600 AREA= 6,582 SF, 0.151 AC

- 50 E=STIAN RIVER ORAltlAGf DISTRICT PERPETUAL E:SMT. FO:FI.W!I.TER corrr.ROL & MAJftf ANCE OF ORAlUAGE" SYSTEM
10,R,6. 917. PG. 8221
-  -  -  -

THIS IS NOT A SUP.VEY	

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COUNTl' ROAD NO. 510	l	sExim r, <il EERma 1,ssoc1>.TF.s.1Nr.
rotw,rJt;; c1;;,1u1>S Al/o ==
I a) 1'tltC£ lE. d:tllf .Stll€.tr, S!J/11! Cl
FOtA.t. f'AJ.t/ HJCH;FU/161. JS#
fHJ4t 561-n.i-.nt f)..{ j,f.l-f'i2'-569
n,  rRAr iBX('l;8Jl, ce «Qll6A	EXIS11NG CONDITIONS SKETCH	
85th STREET I 90th A VENUE		PARCEL 101/800	
F.P. NO. 405606·4		1 OF2	
INDIAN RIVER COUNTY			

0	50  100
I	i7

l,_EGEND:
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/\REA SUMMARY
PARENT TRACT AREA	=31.452,A.C
PARCEL 101 (WEST}		2.374 AC PARCEL 101 (EAST)	= 0.262/\C
TOTAL 101 AREA	•  2.636AC
REMAINDER AREA	= 28.816AC PARCEL OOOAREA  6,582 SF, 0.151 AC

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JiP-'-·_;-,=. ---'----	...-- . .	-- .-..
1	- ,	··	u ..	- rn1s ts nm A SURVEY	
COUNTl' ROAD NO. 510
85th STREET I 90th A\IENUE
F.P. NO. 405606-4
INDIAN RIVER COUNTY	,f!;t, Sl'XTO),I ENGIXEF.RING ASSOCIAif.S, INC.  EXISTING CONDITIONS SKETCH
I Ct:JiSU[rt/fi£/fiitEERS J.!/n 9Jll','£n)lS	PARCEL 101/800
llO POI« a u(II srRC£r.w11c m	2 OF2
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Il	\	 LEGEND:	
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/\SPHAf_T
AREA SUMMARY
;1	rI	DRl'-/EWAY
1	
PARENT TRACT AREA	=31.452AC
PARCEL 101 n;,;esn	= 2.374 AC PARCEL 10I EAST)	= 0.262AC
I
I	ii	TOTAL 101 AREA	= 2.636AC
\	'
i;	REMAINDER AREA	=28.616AC
ii
r	PARCEL 800AREA = 6,582 Sf, 0.151 AC
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];	-[,o •=rnA!I aJVER 01\AIHAGf DISTRICT
Pi::RP-HlJAl ESMT. FOR WAHR COtllROL
& t.lAlliH:UANCE OF ORAUlA.GE SYSTEM
10.R.8. 917, PG. an1
- - - -
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TIIIS IS NOT A 5URVCY	
COUNTY ROAD NO. 5/0	t
85th STREET I 901/J AVENUE
F.P. NO. 405606�4
INDIAN JU VER COUNTY	SE-X,TON ESGINEERfNG ASSOCIATES, INC.
I CQISI.Jl..Ffll} CfrGliiECM il'JD -OOS
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FCIIJ. l'AJ,J/ BtlJOl•rt.M.ot .JJQ
nr.l,,t Y.1-rN.·.JIH rM !,61•7"Z·Jl66
11. FirGJSrR.-1.r.ot".$.t t9;«6.Q7, £8,c«,iMri	PROPOSED CONDITIONS SKETCH
PARCEL 101/800
1 OF2	
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AREA SUMMARY
PARENTTRACT AREA	= 31A62AC
PARCEL 101 (WEST)	• 2.374 AC PARCEL \01 (EAST)	• 0.262AC
TDTAL101AREA	,	2.636AC REMAINDER AREA	,  28.816AC
PARCH 600 AREA= 6,582 SF, 0.151 AC

8.6.l_hSTRE.ET

'-. _..--Ac-:.ESS DRIVE TO CNlAl

24' YIIDE ASPHALT DRIVEV,rAY

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Tl115 JS NOT A SU VE¥

COUNT}' ROAD NO. 510

l

85th STREET/ 90th A VENUE
F,P, NO. 405606-4
INDIAN RJVE'R COUNTY	. SEXJO)I E, GISl-:FJUNG MSOCL\HS, INC.
CD/tSUW.,_, l ot£EIIS AM !WaYln'.l'IS
u ucit 5r,F1£t.r, w,re o,
1iO ffJK£
IO'U l'M.11 f.lJ[l,QI, Ftm()A 11-&
f'H;lft '61-192~5'22 TAI .56/.19.l-,JIS,f	PROPOSED COND111ONS SKETCH PARCEL 101/8{)(}
20F2	

The Florida Department of Transportation County Road 510 (85th Street/90th Avenue) State Project No.: 88050-2507
Financial Project No.: 405606-4

Land Planning Report

P111·cel 101/800
Indian River County, FL

Prepared by
J.Morton Plarming & Landscape Architecture April 4, 2023

Tnblc ofContmls

Number	Pngc

I.

11. III. JV.
V.
VJ.

Vil

Introduction..........................................................................,........	2
Parcel Description..................... , ....,....... ,.,.......................................	2
Existing Conditions.........................................................................,	3
Zoning/Land Use/Site Plan..................,................................................	3
Acquisition  Impacts........................................................................ ..	3
Summaiy..............................................,.....................................    ..	3
Exhibit List ................................................................... , ............. ..	4

3910 RCA IJlvd. Suite 1015 I PalmBeach Gardens,FL 33,110I 561.500.5060 I office@jmortonla.comemail

Pagel 2

INTRODUCTION
The Florida Department of Transportation (FOOT) will be widening County Road 510 (aka 9011, Avenue/85d' Street), from County Road 512 (aka Sebastian Boulevard) to 8611, Avenue. County Road 510 will be widened from a 2-lane rural roadway to a 4-lane divided urban section with a mise,:l median. 1l1e planned improvements included as part of the overall widening consist of adding turn lane, , a 7-foot bicycle path, 6-foot sidewalks to both sides of the road and constructing a drainage system to serve the project.

FOOT proposes to acquire additional right-of-way as required for the plrumed improvements including Parcel IOI and Easement 800 (Parcel 101/800). 1l1e impacts of this right-of-way taking must be assessed from a land use and site development perspective. The purpose of this report is to provide an analysis of the development potential of the parent tract before and after the acquisition of Parcel 101/800.

PARCEL DESCRIPTION
111e Parent Tract is not identified by an Indian River County Property Appraiser parcel identification number because the land is considered Right of Way. The land is located on the east side of County Road 510 approximately 4,000 feet south of County Road 512. See Abbreviated Parent Tract Sketch (Exhibit 1) and Aerial Detail Sketch (Exhibit2) fur Parcel 101/800 prepared by Sexton Engineering.

As defined by FOOT Right-of-Way revised Map dated November 2, 2022, the Parent Tract is 31.452 acres and includes portions of a drainage canal that ell.1end north and south of CR 510. The abbreviated parent tract hos a size of 7.629 acres and includes the portion of the canal that is no11h of CR 510 and is directly affected by the acquisition. Parcel 101 consists of two (2) parts for a combined area of 2.636 acres. The west part of Parcel IOI varies in width from 6.47 feet at the northernmost point lo 101.55 feet at the southernmost point and has 1,799.23 linear feet of frontage along County Road 510, then a l0.16linear feet jog, and 222.04 luiear feet angled to the southeast. The east part of Parcel 10 I is 381.76 feel long and varies in width from 30.39 feet at the northernmost point to 27.82 feet at the southernmost point. Parcel 800 is located at the south end of Parcel IOI, east of the existing County Road 510 (90th Avenue) Right-of-Way and has an area of6,582 square feet.

SITE PHOTOGRAPHS

View of drainage ditch along County Road 510

3910RCA Blvd. Suite 1015I PalmBeacI1Gardens.FL 33410I 561.500.5060 I office@jmortonla.comemail

)

Page I 3

View of subject site fronting along County Road 510

ill.  EXISTING CONDITIONS
The Parent Tract is a Right of Way for Sebastian River Drainage District, (SRDD) and is improved with an existing regional drainage C<1nal. The Right ofV.ray is overgrown with vegetation.

Parcel IO1/800 consists of grass and vegetation along with the drainage canal. See Existing Conditions Sketch Parcel 101/800 (Exhibit 3) prepared by Sexton Engineering.

LAND USE/ZONING/ SITEI'LAN
The Indian River County Futwe Land Use Map identifies the Parent Tract as L-1: 3 units/I Acre. The Indian River County Future Land Use Map (Exhibit 4) is included for reference.

The Indian River Zoning Map identifies the Parent Tract as RS-3. The Indian River County Zoning Map
(Exhibit 5) is included for reference.

Although the land area is included within the Indian River County land use and zoning maps, the County considers the land Right of Way. TI1e only future development opportunities for the subject property are for Right of Way purposes. The land has no future development potential.

ACQUISITION IMPACTS
From a planning perspective, there are no impacts on the Parent Tract. The primary impact of the ROW acquisition of Parcel 101/800 on the Parent Tract is addressed by the project engineer.

SUMivIARY
The proposed Right of Way acquisition and improvements will not impact the ability to develop the property as the property has no current development potential. The property will continue to function as a regional drainage canal in the after condition.

3910 RC1\ Blvcl. Swte 1015 IP lmBeach Ga1derv .FL 33410I 561.500.5060 I office@jmortonla.comemail

Pagel 4

VII,	EXHIBIT LIST

Exhibit 1- Abbreviated Parent Tract Sketch Exhibit2 - Acrh1l Dctnil Sketch
Exl1ibit 3 - Existing Conditions Sketch
Exl1ibit 4-lndlnn River County I•'uturc Land Use Mnp Exhibit 5-Indinn Ri,•er County Zoning Mnp

3910 RCA Blvd. Suite 1015 IPalin Beacl1Gardens,FL 33 10 I 561.500.5060 I office@jmortonla.com email

COUNT}' ROAD NO. 510
85th STREET I 90/Ji A VENUE	I
F.P. NO. 405606-4
INDIAN RIVER COUNT>'	roisu,_r,"' ,,.,.,,,,st\O 5'/RvttO'IS llQ r«£ oc i:£Olt' srl¥£t,$ITC ,;o l'CI/L l'nt, /of.llMOA JH,
�n.fll-lR•Ju'i lf,sfiili•l'Kr•:Jllil
l'-£(;1:5.tMr.ou, ,	n «tJ1W	ABBREVIATED PARENT 'JJMCT SKETCH	
		PA,R,Cfjf, IOI/Sf)()	
		Wl,..l-1.l•	,f.,!"Jt :,;,t	(!\tl	i'.JJ lC·!t•.ll		

Exhibit 2

COUNTY ROAD NO. 510
85th STREET I 90th A VENUE
F.P. NO. 405606-4 TNDIAN RIVER COUNT>'

I rJ,N/;,SMUO(SI LAlDSSJ7, llJ (lg«,,(  '!,O,Lt	1'•.".zt"

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AERIAL DETAIL SKETCH

rois,1tr,.; El<G<tEERS LID 9JRYOO/lS

PARCEL 101/800

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COUNTY ROAD NO. 510
85th STREET I 90th AVENUE	I L1llG' f,\Gqf[RS A.'D SVRrfl'MS"
F.P. NO. 405606-4	i(I l'(/!l;C DC l£Cill' 511'W:.cr151.'tFC (IO
,O,'-l'411BE,IQ,f,T(O'IOli JJa
JNDIAN RIVER COUNTY	l"t<lU -r,,z-rzt Fht MI-Hl·J.M
'L f£,dirAArDfSI' .	t:.11 CQ)liJ(,#	ABRIAL DETAIL SKETCH PARCEL 1011800
20F2	
		
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Exhibit 3

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AREA SUMP.lARV

PARENf lHACT AREA .=31.452AC PARCEL 101 VEST)		2.374AC PARCEL 101 EAST)	= 0.262AC
TOTAL 101 AREA	= 2.63<'1'.C
REMAINDER AREA	• 28.816AC PARCEL 800 AREA= 6.582 SF, 0.151 AC

50' 5E8ASTIAU RIVER DAAIIIA('iE DIS1RlCT fl;ffPI: WAL E:Sl,H. ron WATER CONTROL & l-'IAlfffENA!KE OF DRAINAGE SYSTEM
{0.R.8. 9H. PG. 2122}

1 H S 15 r!OT ,A -'SIJHVE,'r'	
COUNTY ROAD NO. 510 85th STREET I 90th A l'ENUE
F. P. NO. 405606-4
!NlJIAN RJ\'BR COUNTY		

0	so  100

J,j)  CA'i:lf: T_V_ f:(JJI
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CLUJ'l Ol>T	1/)  ;)1.,-1.HU:::P.rl CLUL 00-i"I.
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AREA SUMMARY
PARHITTRACTAREA 31.452AC
PARCEL 10! (\'/EST)	• 2.374 AC
PARCEL 101 (EAST)	• 0.262AC
TOTAL 101 AREA	,	2.636AC
REMAINDER AREA	,2s.a1eAc
PARCEL 000 AAEA• 6.682 SF, 0.151 AC

-1
lt-.i...--
I	
COUNT}' ROAO NO. 510	l
85th STREET I 90th AVENUE I•:P. NO. 405606-4
INDTAN RIVER COUNTY	sP. rn ENrnNITRINGASSOCIATI;S. ll/C,
I ro,-s,J!1ll't0 £ !'%URS A.  S%\"fl'ORS
/IO"-"'!Cf"OCt£(,lfJrll!.Er,S1.Hrl w
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hw.56"•nz s,.zz F.U!ltt •Ja3.!I
rt.lt[GISr,'IJr s., uo:;c:l!,,.'IV, ca o:r:,r,sJ	EXISTING CONDITIONS SKETCH
PARCEL 101/800
20F2	

OPIIICIAL ZONING ATLAS
L'li:IJU. HL\'Ut COVXJ \', t"LOKWA

Section 26 31S-JBE

c.-- Er:::
- ... JH-U4UU

Parcel No. 101	County Road 510	Indian Rivci· County	Description

A portion of land lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, aud 8 of the Florida Depm1ment of Trnnspmfation Right of Way l\fap of County Road 510 (90th Avenue), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the West One-Qua11er (W 1/4) Comer of said Section 26; Township 31 South, Rru1ge 38 East; thence South 89°48'22" East along the No11h line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feel to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12'12" West along said Buseline of Survey of County Road 510 (90th Avenue), a distance of275.65 feet; thence South 89°47'48" East along a line at a right angle to the previously described course, 11 distance of
50.00 feet to a point on the Ensterly Existing Right of Way line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence Noith 88°40'29" East, a distance of 6.47 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 03°12'54" East; thence Southerly along said c1nve, having a rndius of 4,928.00 feet, tl1rough [I central angle 03°46'47", an arc distance of 325.09 feet to the end of suid curve; thence Not1h 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord bearing of South 05°20' LO" East; thence Southerly along said curve, having a radius of 4,915.00 feet, through a central angle 00°27'44", an arc distance of 39.64 feet to the end or said curve; thence South 84°25'59" West, a distnnce of 15.00 feet to the begim1ing of a non-tangent curve concave Westerly, having a chord bearing of South 02°43'37" El\sl; thence Southerly along said curve, having a radius of 5,070.00 feet, through a central angle 05°57'20", an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of
396.0 I feel the beginning of a curve concave Easterly, having a chord bearing of South 08°28'07" East; thence Southeasterly lllong said curve, having a radius of 1,021.00 feel, through a central angle 17°26'14", an arc distance of J 10.73 feet 10 the end of said curve; thence South 00°02'13" West, a distance of 176.92 feet; thence South 00°04'23" West, a distance of
232.35 feet; thence No11h 24°13' 55 West a distance of 222,04 feet; thence North 89°47'48" West, a distance of!0.16 feet lo a point on said Easterly Existing Right of\Vay line of County Road 510 (90th Avenue); thence No11h 00°12'12" East along said Easterly Existing Right of Way line of County Road 510 (90th Avenue), a distance of 1,799.23 feet to the l'OINT OF BEGINNING.

Containing 2.374 acres, more or less.

AND

A p011ion of land lying in the Southwest One-Qunrler (SW 1/4) of Section 26, Township 31 South, Range 38 East, Indian River County, Florida, as shown on Sheet 8 of the Florida Depm1menl of Transportation Right of WI\)' Map or County Road 5 JO (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Pan;cl No. 101	County Road 51o·	Indian Rive,·County	Description
Commence at a found. 4"x4'' concrete monument marking the Southwest (SW) Corner of said Section 26; thence N011h 00°11'50" East along the West line of aid Southwest One-Quarter (SW 1/4) of Section 26, a distance of 190.90 feet; thence South 89°48' 10" East along a .line at a right angle to the previously described course, a distance of 14.95 feet to the point of curvature on the
Baselii1e ofStlrvey of said County Road 510 (90th Avenue); thence North 00°12'12" East along said Baseline of Survey of said County Rond 510 (90th Avenue), a ctistance of 484,42 feet; the11ce Notih 89°47'48" West along a line at a right angle to the previously de.scribed course, a distance of260.00 feet to the l'OINT OF BEGINNING; thence No1ih 89°48'10" West, a distance of30.39 feet; thence South 00°35'00" West, a distance of61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" Enst, a distance of 34.08 Jee!; thence No1ih 89°48'10" \:Vest, a distance of27.82 feet; thence North 00°11 '50" East, a distance of38I .76
feet to the POINT OF BEGINNING. Containing 11,384 square feet, more or less.
All together containing 2.636 acres, more or less.

Soll Map-Indian Rr;er Counly, Flork!a

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tlalural Resources
Co11scrvallon Service

Web Soll Su,vey
Nallonal cooperalt,,e Soll Suivey

2/24/2023
Page 1 or 3

MAP LEGEND

MAP INFORMATION

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Source of Map: 1urol RC"'...outces; Con:-.crvidlon Service W«> Soll Survi,y URL:
Coordlnalcr System: Web Mcrea!« (EPSG:'.3857)
Maps from the Wcib Soll Slmiey ere ba$ed oo the IJVe Mercotor
projecLJon, which prMervn c:ln:alon and shape but db!crb
dl nce c.nd :irt:o..A p!'qcc:tlon thllt pre rvos orca, uch e the Albers cqu1l-1rco conlc prqecllcn, should be used If more accun1tc colculoUco'!.ofdl nce er area arc required.
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Sol SJ·rvcy Aroo: 1naum Rlvor county. Flondo
Survey Nett Doto: '-""rsloo 21,Sep 1,2022
Sol map units aro lubclcd (us. ::;pnco 11HCPNs) fot rMple
1:,0,000 or1orgcr.
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30, 2022
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S  M ndlnn River County, Ftorldo

Page 193

N:rturnl Rosoureos Con orv:it.Jon Sorvtco

Wcib SoU survey
Notlonol Cooperottw Soa Survey

2/2-4/2023
P:igo2af3

Soil Map-lnc!ia n River Cmmty, FIO<lda

Map Unit Legend

Map Unit.Symbol	Map Unll Name	ActesJnAOI	Percent ol AO!	
10	Riviera nne santl, O lo 2
percent slopes	11.1	98.2%	
13	Wabasso-Wabasso. wet, fine
sand, 0 lo 2 percent slopes	0.2	1.8%	
Totals for Area of Interest	11.J	00.0%	

Natural Resources Consorvallon sorvlco

Web Soll SoNey
Nalional Coq:,erative Soll Sorvey

2/24/2023
Page 3 013

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Fee Simple Right ofWay

Parcel No. 101	County Road 510	Indian River County	Des ription

A po11ion ofhmd lying in the Southwest One-Quarter (SW ]/4) of Section 26, Township 31 Soulh, Range 38 East, Indian River County, Florida, as shown on Sheets 6, 7, and 8 of the Florida Department of Transportation Right of Way tvfap of County Road 510 (90th Avenue), Item/Segment No. 4056064, Section 88050-2507, being more pnrtienlarly desetibed as follows:

Commence at a found pk nail and disk stamped "LB3608" marking the \Vesl O11e-Quarter (\V 1/4) Comer of said Section 26; Township 31 South, Range 38 East; thence South 89°48'22" East along the North line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 15.21 feet to the Baseline of Survey of said County Road 510 (90th Avenue); thence South 00°12' 12" West along said Baseline of Survey of County Road 510 (90th Avenue), a distance of275.65 feet; thence South 89°47'48" East along a line at a right .ingle to the previously described course, a distance of
50.00 feet to a point on the Easterly Existing Right of \Vay line of said County Road 510 (90th Avenue) and the POINT OF BEGINNING; thence No1th 88°40'29" East, a distance of 6.47 feet to lhe beginning of ,1 non-tangent cmve concave Easterly, h,wiog a clmrd bearing of South 03°12'54'' East; thence Southerly along said curve, having a radius of 4,928.00 feet, through
:1 central angle 03°46'47", an arc distance of 325.09 feet lo the end of said eurve; theuce North 84°53'42" East, a distance of 13.00 feet to the beginning of a non-tangent curve concave Easterly, having a chord benring of Sot1th 05°20'10" East; thence Southerly along said cmve, having a mdius of 4,915.00 feet, tlu·011gh a central 1111gle 00°27'44", nn arc distance of 39.64 feel to ll1e end of said curve; thence South 84°25'59'' West, distance of 15.00 feet to the beginnillg of a non-tangent curve cone.we \Vesledy, havin-g ;i chord bearing of South 02°43'37" East; thence Southerly along said curve, having a l'adius of 5,070.00 feet, through a central angle 05°57'20", an arc distance of 527.00 feet to the end of said curve; thence South 00°15'00" West, a distance of
396.0 l feet the beginning of a curve conc11ve Easterly, l1aving a chord bearing of Soulh 08°28'07" E.1st; (hence Southeasterly along $aid curve, having a rndius of 1,021.00 feet, through a central angle 17°26'14''. ;m arc distance of310.73 feet lo the end of said cm-ve; thence South 00°02'13" West, a distance of 176.92 feet; thence South 00°04'23" \Vest, a distance of 232,35 feet; thence North 24"13'55 West a distance of222.04 .feet; thence North 89°47'48" West, a distance of 10.16. feet to a poini on said Easterly Existing Right of Way line of County Road 510 (90th Avcnu ); thence North 00"l2'12"'Easl along said Easterly Existing Right of Way line of County Roact 510 (90th Ave,iue), a dis!auce of 1,799.23 feet to the POINT OF BEGINNING.

Containing 2.374 acres, more or less.

AND

A poition ofland lying in the Southwest One-Quarter (SW 1/4) of Section 26, Township 31 South, Range 38 Easi, Indian River County, Florida, as shown on Sheet 8 of the Florida Dep:u1menl of Transportation Right of Way Map of County Road 510 (90th Avenue/85th Street), Item/Segment No. 4056064, Section 88050-2507, being more particularly described as follows:

Item/Segment No. 4056064
Section 88050-2507
11-02-2022

Fee Simple Right of Way

P,u:cel No. 101	County Road 510	Indian River County	Description

Commence at a found 4"x4" concrete monument mMking the Southwest (SW) Comer of said Section 26; thence No1th 00°11 '50" East along the West line of said Southwest One-Quarter (SW 1/4) of Section 26, a distance of 190.90 feet; thence South 89°48'10" East along a line at a right angle lo the previously described course, a distance of 14.95 feet to the point of cu1valure on the Baseline of Survey of said County Road 510 (90th Avenue); thence No1ih 00°12'12" East along said Baseline of Survey of said County Road 510 (90th Avenue), a distance of 484.42 feel; thence North 89°47'48" West along a line at a right angle lo the previously described course, a distance of260.00 feel Lo the POINT OF BEGINNING; thence No1ih 89°48'10" \Vest, a distance of30.39 feel; thence So11U1 00°35'00" West, a distance of 61.31 feet; thence South 00°11'27" East, a distance of 286.40 feet; thence South 01°32'59" East, a distance of 34.08 feet; thence North 89°48' 10" West, a distance of27.82 feel; thence North 00°l l '50"East, a distance of 381.76 foet to the POINT OF BEGINNING.

Containing 11,384 square feet, more or less.

All together containing 2.636 acres, more or less.

BEST  CO.PY

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1

Eminent Valuations

12301 Lak..- l nderhill Road
Suit..-263 Orlando, Florida 32323

February 14, 2023	CERTIFIBD MAIL NO.
7021 0950 00011472 7549

Sebastian River Drainage District, a Florida Drainage District c/o B. Frank Sakuma, Jr., CDM
10807 SW Tradition Square Port St. Lucie, FL 34987

RB:	Appraisal of:	Parcel 101/800
Property Location:	 Northeast side of90111Avenue and 8511, Street, Vero Beach, FL 32958 County Road No.:	510 (Wabasso RdJ851h St.)
County:	fudian River
F.P. ID No.:	405606-4
Contract No.:	D0145 Letter of Authorization: 12

Mr. Sakuma:

The Florida Department of Transportation has engaged my finn to prepare an appraisal of the above­ identified property, which is under your ownership. The purpose of the appraisal is to develop and report an opinion of market value for the portion of the property the FDOT needs to acquire in connection with the CR 510 (Wabasso RdJ851h St.) improvement project.

I have reserved Tuesday, March 7, 2023, to perform a field inspection of the property. If you or a representative wish to be present, please call me at the phone number listed below between the hours of 9:00 a.m. and 5:00 p.m. to schedule an appointment. Please be advised that a project manager, review appraiser, right of way specialist, general contractor, engineer/land planner, and an appraisal trainee may also be in attendance. If I am unavailable, you may also schedule an appointment with Amber Snead.

I look fonvard to hearing from you at your earliest convenience. Sincerely,
Tr•CKfnO r.

70210950000114727549
0 l;qpJ	M• I i,,• d

Kristin L. Soltys, MAI
Stale-Certified General Real Estate Appraiser RZ3227 Owner/Principal Appraiser

lalosl Updalo
Yo-Jl'll Ytili0?1'..-E1t1o1Ma.1 1-iJal'ef.ll"e ;n 10..50
.m on fd::..-u:.y. w1-1 f\)nRl s>..•urLUCIE.FLS-Wn.

o,r Mor• o.,t of lJsPSTr&cllnQ:
G\ tJ5P$ Ti(tO.flCI PS,.n

Delivered
Dc:ivcrt'd, Leu Yliilh lndi.-ktu1I
P."'flTS-\."ITIOOf.Fl.J.1p7
ri.tr1..:ir, n..:i.21. 10.•

krist!n@cmlncntvaluations.com	(321)445-1767	www.emlncntva.luatlons.com

31202200031183 RECORDED IN TIIE RECORDS OF JE-FfRE:Y R. SM[TH, CLlmK OF cmcun COURT TNDlAN RIVER co r-L
UK: 3503 ,l'G: 22(.J, 1/20/202211 :53 AM

STATE OF FLORIDA DEPARTME;NT OF TfMNSPORTATION PROJECT RESOLUTION
FOR srATE HIGHWAY SYSTEM l>ROJECTS

WHEREAS, pursuant. lo Chapters 334 through 339 and Chapters 73 and 74, Florida Statutes, as amended, the State of Florida, Department of Transpot1ation ('Depar1ment") has aulhorily to locate and designate certain transportation facilities as a part of the State Highway Syslem and construct and maintain the same with funds which are now or which may hereafter become av.illable to the Depa,trnent: and

WHEREAS, pursuant to Secllon 337.27, Florida Statutes, the SecretaryofT,ansportation has delegated the aulhority to execute eminent domc1ir, resolutions to the Chier Administrative Officer or the District in which the property ls located: and
WHEREAS, the property lo be acquired hereunder is located In District Four or the Department; and
WHEREAS, Gercy O'Reilly, P.E., is the Chief Aclmlntslrative Officer of said District: and

WHEREAS, lhe Department has bllurcated its eminent domain resolutions into two types of resolu11ons; the Project Resolution. authorizing acquisition of property and property rights for U\e transportation facilily, and the Parcel Resolution, authorizing the parcel acqulsilion and Identifying the specific property and property rights lo be acquired for the transportation facility; and

WHEREAS, the Department has prepared Righi of Way maps showing the two geographic points (beginning and ending polnls of the transportation corridor) for Item/Segment Number 405606-4 together with (he projected area within said corridor; and

WHEREAS, lhe Department anticipates re11ising the Right of Way maps lo reflect changes that may occur within the area between the two geographic points ol the transportation corridor. The two geographic points will remain the same unless changed by a Supplemental Project Resolution.
NOW, THEREFORE, BE IT RESOLVED by U1e Dlstrlcl Secretary thal the patt of CR 510 (Wabasso Road/85l' Street) From CR 512 to W of 82'-<J A11enue in tndian River County, Florida is hereby loca1ed and designated as Item/Segment Number 405606-4, and the line and location of said part of said facility, as re0ected i'n the Right of Way maps, are hereby designaied as a pan of the Stale Highway System; and

BE IT FURTHER RESOLVED, that It ls lhe judgment of the Department that the conslruction of said porl!on or sald llem/Seomenl Number is necessary, p,aclicaf and In the best interest of lhe State; and lhat the acquislllon of such property and property rights as are needed for said construction Is necessary for the
performance of Its duties and for the conslruction, reconstruction, and maintenance of said stale tacllity for the use of the general publlc; and that the Department is authorized to make such acquls!llon by gill. pllrchase, or condemnation.

STATE OF FI..ORIDA

DEPARTMENT OF TRANSPORTATION

DATE:

CONTACT INFORMATION
Owner/Principal Appl'aiser Eminent Valuations, PLLC
12301 Lake Underbil\ Road, Suite 263 O(lando, FJorida 32&28

KRISTIN L. SOLTYS, MAI
PROFESSIONAL QUALIFICATIONS

Office Phone: Cell Phone:
E-Mail: Web Site:

(321) 445-1767
(321) 947-2561
kl'isli n@eml nentvaluations.com www.emi1ientvaluation .com

GENERAL EDUCATION
University of Central Florida- Bachelor of Science in Business Administration, Real Estate, 2011 Daytona Beach Community College -Associate of Arts with Honors, Politics and Economics, 2004

Ai'PRAISAL EDUCATION
Licensed Residential A11praiscr Course (2003)
GIS, Graphics, FTP, & other softwatc (2004)
Limited Appraisals & the Scope of Work (2004)
Docs My Report Comply with USP.AP? (2004)
Residential Constmction (2004)
Basic Appraisal Principles (2005)
Basic Appraisal Procedures (2005)
Dasie Income Capitalizntion (2006)
15 Hour National USPAP Coursc(2006)
Real Estate finance Statistics & Valuation Modeling (2007)
Office Building Valuation Scnii11ar (2008}
FL Supervisor/Trainee Roles & Relationships (20 I0)
FDOT Advanced Appraisal Review (2010)
Business Prnctices and Ethics (2010)
Al Wcbinar: Understanding !he Lonn Qunlily lni!iotivc &
Residcnlial Collateral Datu Delivery (2011)
Advanced Highest nnd Bcs1 Use nnd Market Analysis (2012)
Report Writing & Case Studies (2012)
Matkctabilily Studies: The Six-Step Processes & Basic
Ap11lication (2012)
Complex Litigation Apprnisal Caso Studies (2013)
Litigation Apprnising: Specialized Topics & Applications (2014)

Advanced Concepts iu;d CMc Studies (2014)
Advanced Income Capitaliz,ltion (2014)
Ted Whitmer's Comprehensive Review Comse (2016)
Condemnation Appraising- Principles & Applications {2016)
General Demonstration of Knowledge - Capsto11c (2017)
The Appraiser as an Expert Witness: Preparation and Testimony
(2018)
Appraisal Institute Comprehensive Examinalion (2018)
FDOT Appraisal Review Course Pmt B (2018)
Apprnisal Jnslitutc Real Estate Forum (2018)
Appraisal Institute Real Estate Forum (2019)
Business Practices and Ethics (2019)
Measure it Right - Using thcANSl-2765-2013 Standard for Residential Properties (2020)
Fundamentals of the Unifonn Appraisal Standards for Fcdc1:al Lnnd Acquisition "Yellow Book" (2020)
Smart Risk Management for Appraisers (2021)
Legal Issues for Non-Lending and Litigation Appraisal As ignmcnls (2021)
Natio1ml 7 Hour USPAP Update (2022}
Excel Applications for Valuation (2022)
FDOT Appraisal Review Course Part B (2022)
Florida Appraisal Laws and Regulations UpdMc (2022)

PROFESSIONAL AFFILlATlONS AND CERTIFICATJONS
MAI, Appraisal Institute, 5 6552
State ofFlorida, State-Certified General Real Estate Apprniser RZ3227
State of Florida, Office ofSupplier Dive1-sity- Minority, Women & Flo1ida Vetenm Business Certification City of O1'1ando, Minority/Women Business Enleq>rise, 20313988
Orlando Regional REALTOR® Association (ORR:A), Florida REALTORS ® (FR)
National Association of REALTORS® (NAR), My Florida Regional Multiple Listing Service (MFRMLS)

EMPLOYMENT IIlSTORY
Owner/Principal Appraiser
State-Certified General Real Estate Appraiser RZ3227
Eminent Valuations, PLLC

Appraisal Associate/Cert Gen RZ3227 Appraisal Associate/Ce1't Res RD6136
Researcher/State-Registered Trainee Apprr1iser RIJ2113
Divcl'sified Property Specialists, foe.

Office Assist::mt/Researchet·
Commercial Rc, ourcc Gro111)

0l/2014 - P1·esent Orlando, Florida

09/2008 - 12/20 I3
10/2006 - 08/2008
09/2002- 10/2006
TitusviJte, Florida

06/2001 - 08/2001
Valparaiso, Indiau.i

APPRAISAL EXPERIENCE
fvt.rs. Soltys has more thaij 21 years of experieuce in real estate including 17 years as a certified Teal estate app1•aiser. P1'imary coverage areas include the Orlando MSA and No1th Brevard County for residential assjg1unents and cenu-al, n01theast, and southwest Florida foT commercial and eminent domain related assignments. Her daily practice includes the research a11d study of market data to formulate credible OJ>inions and conclusions as they relate to the value of real estate. It also includes writing and reviewing appraisal reports in compliance with the Uniform Standards of Professional A1ipraisal Practice, the Code of Ethics and Standards of Professional Practice of the Appraisal hlstitute, 1he Uniform Relocation Act, FHA/HlJD, and FDOT Supplemental Standards. Areas of expertise include but are not limited to the valuation of single-family residences, condominiums, Z-4-1mit I'csidential, multi-family, office buildings, hotels/motels, convenience stores, warel1ouses, mini-storage facilities, restaurauts, marinas, retail stores, raw land, entitled land, environmentally sensitive lands, waterfront property, iutel'im uses, and outdoor adve11isi11g signs.
CLIENTS SERVED
Mrs. Soltys has appraised l'eal estate fo1• the public ai1d private sector includingbrokers, attorneys, property owners, financial institutions, appraisal management companies, local nrnnicipulities, and govenunent agencies. /\. paitial list of clients served is as follows: The Florida Department of TratlSJ)Ortation (Districts 1, 2, 4, 5 and 7); NASA; 111e Department of Environmental Protection; Bank of America; SunTrnst; Osceola, Volusia, Brevard, Flagler, Seminole, Lake, and Orange Counties; the cities of Ocala, Deltona, DeBary, Lake Helen, Palm Coast, Pot1 Orange, New Smyrna Beach, and Daytona Beach; the Seminole Conuty Community Services Department, and the Daytona Beach International Airport.

EMINENT DOMAIN/CONDEMNATION EXPERIENCE
Mrs. Soltys bas experience solving complex eminent domaiu/condemnatio11 appraisal problems. She has appraised whole takings, pai1ial fee acquisitions, fonited-access rights, utility col1'idors, outdoor advertising signs, temponuy easements, and pennanent easements. She has worked hands on with engineeting firms, land plmmers, FF & E appraisers, and general contractors to effoctively fornmlated cost to curescenarios to mitigate damages. She has experience with assessing damages associated with front yard dimimttion, parking loss, limited access acquisitions, noise-wall proximity, and highway influence. Over the past lO years, she has been responsible for the project management, market studies and writing of apJ)raisal reports or the review of appraisal reports associated with the following eminent domain projects:

Appraisal Projects

Client	Pro! ct 1D	Roacl/Prnkcl	Locution	P11rcel§	l>ntc	
FDOT5	FM/1238693 l	SR35	Marion County	28	20l2	
FDOT5	FM#2424843	SR400	Orange County	15	2013	
FDOT5	Ftyll/2386481	SR45	Marion County	27	2014	
FDOT2	FM/f426963I	SR 9 (T-95@1-295)	Duval County	8	2014	
FDOT5	FM//23827.53	SR46 (3A)	Lake County	10	2015	
FDOT2	FM/12100245	SR20	Putnam County	48	2015	
FDOT2	FMl/4229382	SR 23	St. Johns County	9	2016	
FOOTS	FMf/2382757	SR429/SR46	Lake County	41	2016	
FDOT5	FM/.12383197	SR 19	Lake County	I	2016	
FDQ'f I	FMl/4353691	CR 683/SR.45	Manatee County	2	2017	
FOOT?	FMINJ67327	SR50	Hernando County	15	2017	
Orange Co.	C.I.P. 3096	Kennedy Blvd	Orange County	18	2017	
FDOT2	FMl/43403&1	SR200	B(adford Co11Illy	I	2018	
FOOT5	FMf/<1356602	SR 326/CR 25A	Mnrion Cmmty	2	2018	
FOOTS	FM/14364351	C!arcon.-i. Rd	Orange County	I	2018	
LnkeCo.	Roundabout	CR455	Lake County	6	2018	
FDOT2	PMf/4376291	-SR 100	Putnam County	II	2019	
PDOTS	FM#4112565	SR35/Dallas Pond	Marion County	3	2019	
FDOT5	FM/14358593	SRSO	Sumler County	23	2020	
FDOT2	l;'M#'145863 t	CRl3	St.lohns Couilly	1	2021	
FDOT4	FMl/4417701	SR 822	Brnward County	7	2021	
FDOT4	FM#4056064	CRSIO	fndian River County	15	2021	
FDOT 5	FMl/4225703	SR50	Lake County	10	2021	
FOOT l	FMl/4421232	Buckingham Rd,	Lee County	3	2022	
Osceola Co.	NIA	\>-arlin Seuleme,11 Rd	Osceola.County	35	2022	

Appl'aisal Review Projects
Osceola County	FMl/4390671
O ceofa Cou111y	PS-20-11573,RJ
Osceola County	FMl/4454151 Osceola Counly	PS-20-11504-DG Osceola County	 PS-20-11503-OG

LITIGATION EXPERIENCE

l<.SC Connector Trait Simpson Road Neptune Road
Parlin Seltlement Rd.
Poinciana IJ.oulevard

Osceol County	7
Osceola County	83
Osceola County	2
Osceola County	5
Osceola County	23

2021
2021
2022
2022
2022

Mrs. Soltys has experience with pre-Order of Taking meetings, Order of Taking hearings, depositions, and h·iat preparation and has been approved as an expert witne. s in Brevard, Lake, Marion, Hernando, and Orange Counties. The following is a list of eminent domain parcels in which Mrs. Soltys has provide(l significant legal supJJOl't and/or ex1)ert testimony within the past 10 years.

Client	Prnicct ID	Road	County	l'1ll' el #	Scn·icc/0111.!0Sing Counsel	Year (s)	
Orange Co.	C.J.P.5029	Valencia C, L.	Ora,lge	!036/1036A/7036	Deposilion / J. Hanratty	2012	
FDOT 5	FM#2386931	SR35	Marion	Parcel I 13	OT Hearing/ J. Hmmitty	2015	
FDOT 5	FM#2383192	SR 19	Lake.	Parcel 106	OT Hearing/ K. Garber	2016	
FDOT5	FM/12382753	SR 46 (3A)	Lake	Parcel 103	Deposition / C. Wilson	2017	
FOOT 5	FM/12382757	SR 46 (Sec 6)	Lake	l'arcel 116	OT Hearing / f. Zeigler	2017	
Orange Co.	Y9-807-BI	Richard Crotly	Orange	Parcel !015	OT Hearing/ Property Owner	2018	
FDOT7	l'Ml/4167323	SR50	H'emnndo	Parcel 121/805	OT Hearing/ B. Bolves	2018	
				Parcel 117	Deposition/ Bain/McLean		
					OT Hearing/ Bain/McLean		
Lake Co.	Berl Harris Claim	Sorrento	Lake	Confidential	DeposHion ID. Mitchell	2018	
					Setlled in Pre-Trial Nego1in!ions	2020	
Lake Co.	Ro11hdaboul	CR455	Lake	FrankJin-AK 1509769	OT Hearing/ T. Dougherty	2018	
				Nelson -AK I 663776	OT Hearing/ G, StoJ1er	2019	
Osceola Co.	PS-20-11504-DG	CR 523	Osceola	Parcels 723, 150/750, 735	OT Hearing/Prima Facie	2022	
				Parcels 121n21, 1491749, 732	OT Hearing/Prima Fncic	2022	

In addition to the preceding litigation support for condemnation, Mrs. Soltys has prepared appraisals for divorce proceedings, estate settlement, and charitable donations. She has also conducted fornnsic analysis to e.<;tablish damages for settlement of non-disclosure cases. Mrs.Soltys has served as a Special Magish·ate conducting hearings fol' the Lake County Value AdjushnentBoard (2015 & 2016).

In Jmmmy of 2022, Mrs. Soltys testified in a pre-trial deposition on behalf of Defendants, Joseph W. Munay II, and Janice
D. ML1rray, Case No. 05-2014-CA-045399, Circuit Court of the Eighteenth Judicial Circuit, Brevmd County as heard by Judge Paulk. In May of 2022, Mrs. Soltys provided expert testimony in a Jury Trial for the aforementioned case. This case involved an easement dispute in which the defendant filed a counterclaim for damages.

TECHNOLOGY/SOFTWNill/RESOURCES
Wit1dows 10/ll	Snag It
Microsoft. Office: 2016	Adobe.Prnfcss:ioual

Site: to Do Business CoStar

Delorme
Deed Plol(cr
Apex Sketch 7/w Photoi\lelrics TOTAL & Titan Analytics

Loopnet
Stellar MLS MLS Advanl1t,SC Marnhall & Swifi

AI• Y.1'. Louise Lum Library
MapWisc

Sebastian River Improvement District

Financial Report For June 2023

SEBASTIAN RIVER IMPROVEMENT DISTRICT MONTHLY FINANCIAL REPORT
JUNE 2023

REVENUES	
Annual Budget
10/1/22 9/30/23	

Actual Jun 23	Year To Date Actual
10/1/22 6/30/23	
1A9 Assessments	308, 3 	0	28 ,7 1	
R O W 8se Fees	1 ,7 5	0	0	
Permlt Fees	5,000	2,000	8,25 	
Other Revenue	0	0	0	
,nterest ,ncome	 0	0	13,878	
Total Revenues	$	331,161	$	2,000	$	306,878	
				
EXPENDITURES				
/egal *eneral	20,000	0	8,02 	
/egal Speclal Counsel	0	0	1,713	
/egal  %0AP ,ssues	0	0	0	
([pert Consultant Fees	0	0	0	
'lstrlct Admlnlstratlve	30,000	2,500	22,500	
Operatlons 0anager	21,000	1,750	15,750	
Operatlons 0anager  Payroll 7a[es	1, 07	13 	1,205	
(nglneerlng *eneral	 5,000	0	35, 37	
(nglneerlng  Permlt	5,000	0	0	
(nglneerlng  Speclal ProMects	0	0	0	
(nglneerlng Sand 0lnes	0	0	2,15 	
(nglneerlng /ateral ' Watershed	0	0	0	
(nglneerlng 82nd Ave ([tenslon	0	0	555	
(nglneerlng  Other	 2, 00	0	185	
(nglneerlng 0oZlng Contract	0	0	1,583	
Postage and 'ellvery	0	 8	525	
Accountlng/Audlt	5,200	0	0	
,nsurance	20,000	0	 ,0 0	
Offlce Supplles	0	0	373	
WeEslte 0anagement	2,000	1 7	1,500	
'ues  SuEscrlptlons	 25	0	 0	
/egal Advertlsements	1,150	0	 7 	
0lscellaneous	 ,100	107	1,37 	
Water Quallty Analytlcal Servlce	1,000	0	287	
R O W 0alntenance	110,273	0	70,837	
C// Canal//ateral 0alntenance	0	25, 27	30, 28	
0lscellaneous 0alntenance	2,500	0	233	
				
Total E[Senditures	$	312,655	$	30,653	$	205,729	
				
Revenues Less E[Senditures	$	18,506	$	 28,653 	$	101,149	
				
County Appralser  7a[ Collector Fee	 ,1 	0	 2,350 	
'lscounts For (arly Payments	 12,337 	0	 , 22 	
				
E[cess/ Shortfall 	$	 	$	 28,653 	$	89,377	
				
Carryover From Prlor Year	0	0	0	
				
Net E[cess/ Shortfall 	$	 	$	 28,653 	$	89,377	

Bank Balance As Of 6/30/23	$	1,049,510.83	
Accounts Payable As Of 6/30/23	$	5,074.95	
Other Current Liabilities As Of 6/30/23	$	73,707.29	
Accounts Receivable As Of 6/30/23	$	31,512.62	
Available Funds As Of 6/30/23	$	1,002,241.21