HomeMy WebLinkAboutAgreement_General_12/20/1994_Palm Beach Co. 1862D R94 1862D
DEC 2 0 1994
PALM BEACH COUNTY
REAL PROPERTY
LAND LEASE AGREEMENT
between
PALM BEACH COUNTY
and
VILLAGE OF TEQUESTA
C
Revised 12/05/94
7
TABLE OF CONTENTS
PAGE
ARTICLE I BASIC LEASE PROVISIONS
Section1.01 Premises ..... ............................... 1
Section 1.02 Length of Term and Commencement Date........ 1
ARTICLE II RENT
Section 2.01 Annual Rent .. ............................... 1
Section 2.02 Assessments .. ............................... 1
ARTICLE III CONSTRUCTION OF LEASED PREMISES
Section 3.01 Acceptance of Premises by Lessee............ 2
Section 3.02
(a) Lessee's Work ............................... 2
(b) Mechanic's Liens ............................ 2
ARTICLE IV CONDUCT OF BUSINESS AND USE OF PREMISES
BY LESSEE
Section 4.01 Use of Premises ............................. 2
Section 4.02 Waste or Nuisance ........................... 2
Section 4.03 Governmental Regulations .................... 2
Section 4.04 Surrender of Premises ....................... 3
ARTICLE V REPAIRS AND MAINTENANCE OF PREMISES
Section 5.01 Responsibility of Lessor And Lessee......... 3
Section 5.02 Responsibility of Lessee Regarding
Alterations and Personal Property......... 3
ARTICLE VI INSURANCE AND INDEMNITY
Section 6.01 Insurance by Lessee and Lessor .............. 3
Section 6.02 Indemnification .............................
ARTICLE VII DESTRUCTION OF LESSEE'S ALTERATIONS
Section 7.01 Damage or Destruction by Fire, War or
Actof God . ............................... 3
ARTICLE VIII UTILITIES .... ............................... 3
ARTICLE IX ASSIGNMENT AND SUBLETTING
Section 9.01 Consent Required ............................ 4
ARTICLE X DEFAULT OF LESSEE
Section 10.01 Default of Lessee ........................... 4
Section 10.02 Waiver, Accord and Satisfaction ............. 4
Section 10.03 Legal Expenses .............................. 4
ARTICLE XI QUIET ENJOYMENT
Section 11.01 Lessor's Covenant ........................... 4
ARTICLE XII LESSOR'S OBLIGATION TO PURCHASE
LESSEE'S ALTERATIONS ...................... 5
ARTICLE XIII MISCELLANEOUS
Section13.01 Successors .................................. 5
Section 13.02 Annual Budgetary Funding /Cancellation....... 5
Section 13.03 Entire Agreement ............................ 5
Section 13.04 Notices ...... ............................... 5
Section 13.05 Severability . ............................... 6
Section 13.06 Brokers Commission .......................... 6
Section 13.07 Recording. .... ............................... 6
Section 13.08 Governing Law ............................... 6
Section 13.09 Time of Essence ............................. 7
EXHIBITS
Exhibit " A " Legal Description of the Premises
Exhibit "B" Site Plan
LEASE AGREEMENT R 9 4 1 8 6 2 D
THIS LEASE AGREEMENT, made and entered into this day of
DEC 2 a Lg94 1994, by and between the VILLAGE OF TEQUESTA,
hereinafter referred to as "Lessor" and PALM BEACH COUNTY, a
political subdivision of the State of Florida, on behalf of the
Palm Beach County Library Department hereinafter referred to as
"Lessee" and
W I T N E S S E T H:
WHEREAS, Lessor and Lessee previously entered into a Land
Lease Agreement dated July 28, 1992 under Resolution No. 92 -1034D
pursuant to which Lessor leased certain land owned by it to Lessee
for the construction and operation of a branch library facility;
and
WHEREAS, due to certain site conditions and market conditions,
the projected construction cost of the facility exceeded the amount
of funds available for the project; and
WHEREAS, Lessor has agreed to acquire certain other real
property in Palm Beach County, Florida, as hereinafter more
particularly described; and
WHEREAS, Lessor has agreed to construct a branch library
facility upon the property to be acquired by it (the "Project ") as
said Project is more particularly described in the Interlocal
Agreement between Lessor and Lessee of even date herewith (the
"Interlocal Agreement "); and
WHEREAS, as an inducement to Lessee to provide for and operate
a branch library within the Village of Tequesta, Lessor has agreed
to lease said property and the completed Project to Lessee for One
($1.00) Dollar per year.
NOW THEREFORE, in consideration of the rents, covenants and
agreements hereinafter reserved and contained on the part of the
Lessee to be observed and performed, the Lessor demises and leases
to Lessee and the Lessee rents from Lessor the property hereinafter
defined upon the following terms and conditions:
ARTICLE I
BASIC LEASE PROVISIONS
Section 1.01 Premises.
The Premises subject to this Lease consists of approximately
1.069 acres of land situated on Old Dixie Highway in the Village
of Tequesta, Florida, as legally described in Exhibit " A " attached
hereto, together with Lessor's interest, if any, in all
improvements and appurtenances thereto, including, without
limitation the improvements to be constructed by Lessor as part of
the Project, (collectively the "Premises "). The Premises and the
location of the improvements to be constructed as part of the
Project are graphically depicted on the Site Plan attached hereto
as Exhibit "B ". The parties acknowledge that Lessor shall at all
times be and remain the owner of the Premises subject, however, to
the terms and conditions of this Lease.
Section 1.02 Length of Term and Commencement Date.
The term of this Lease shall commence upon Substantial
Completion of the Project as defined in the Interlocal Agreement
(the "Commencement Date ") and shall extend for a period of fifty
(50) years thereafter.
Section 1.03 Termination of Prior Lease.
The previous Land Lease Agreement between Lessor and Lessee
dated July 28, 1992 and approved under Resolution No. 92 -1034D is
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hereby terminated and the parties are relieved of all further
obligation thereunder.
ARTICLE II
RENT
Section 2.01 Annual Rent.
Lessee shall pay Lessor for the use and occupancy of the
Premises an annual rent of One ($1.00) Dollar (the "Rent "), payable
on the Commencement Date and each subsequent anniversary thereof.
Lessee is a tax - exempt entity as evidenced by tax exemption # 60-
2211419753C. No sales or use tax shall be included with Rent or
any other payment required of Lessee pursuant to this Lease.
Payment of Rent will be mailed to Lessor as stated in Section 12.05
of this Lease.
Section 2.02 Assessments.
Lessee during the term of this Lease shall pay before
delinquency all assessments which may be levied by any governmental
authority other than the Lessor against the Premises and the
improvements thereon. In addition, Lessee shall pay before
delinquency all non -ad valorem assessments levied by any
governmental authority, including the Lessor, against the Premises
and improvements thereon.
ARTICLE III
CONSTRUCTION OF LEASED PREMISES
Section 3.01 Lessor's Work.
Lessor agrees to construct the Project in accordance with the
terms and conditions of the Interlocal Agreement. The full,
complete and timely completion of the Project is a condition
precedent to Lessee's obligations hereunder.
Section 3.02(a) Lessees Work.
Lessee agrees to perform all work, other than Lessor's Work,
which is necessary to fully equip and maintain the Premises for
Lessee's permitted use of the Premises as specified in Section 4.01
of the Lease. Lessee agrees and acknowledges that all
improvements, alterations or additions performed by Lessee, whether
pursuant to this Section or otherwise (hereinafter collectively
"Alterations "), shall be performed and accomplished solely for the
benefit and convenience of Lessee and not for the benefit of
Lessor, such Alterations being nevertheless subject to each and
every provision of this Lease. All work done by Lessee in
connection with any Alterations, repairs and maintenance on the
Premises shall be done in a good and workmanlike manner.
(b) Mechanics' Liens. Lessee shall comply with the
Construction Lien Law, Florida Statutes, Chapter 713, Part I, in
the performance of Lessee's Work or any Alterations to the
Premises, and shall, where required, obtain a Public Performance
Bond in accordance with Florida Statutes 255.05 prior to commencing
any such improvements.
In the event that a mechanics' claim of lien is filed against
the Premises in connection with any work performed by or on behalf
of the Lessee, the Lessee shall promptly take action to have the
lien removed from the Premises. Further, the Lessee agrees to
indemnify, defend and save the Lessor harmless from and against any
damage or loss incurred by the Lessor as a result of any such
mechanics' claim of lien.
ARTICLE IV
CONDUCT OF BUSINESS AND USE OF PREMISES BY LESSEE
Section 4.01 Use of Premises.
Lessee shall use the Premises solely and exclusively for the
establishment and operation of a local branch library. Lessee
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shall not use, permit or suffer the use of the premises for any
other purpose.
Section 4.02 Waste or Nuisance.
Lessee shall not commit or suffer to be committed any waste
upon the Premises or allow any nuisance upon the Premises. Lessee
shall not dispose of any contaminants including, but not limited
to, hazardous or toxic substances, chemicals or other agents used
or produced in Lessee's operations, in any manner not permitted by
law. All refuse is to be removed from the Premises at Lessee's
sole cost and expense and Lessee will keep such refuse in proper
fireproof containers on the interior of the Premises until removed.
Lessee, at its sole cost and expense, will keep the Premises free
of rodents, vermin and other pests.
Section 4.03 Governmental Regulations.
Lessee shall, at Lessee's sole cost and expense, comply with
all laws and regulations of all county, municipal, state, federal
and other applicable governmental authorities now in force, or
which may hereafter be in force, pertaining to Lessee or its use
and occupation of the Premises.
Section 4.04 Surrender of Premises.
Upon termination or expiration of this Lease, Lessee shall, at
its sole cost and expense, remove all of its personal property,
trade fixtures and equipment from the Premises and shall surrender
the Premises to the Lessor, whereupon any Alterations constructed
by Lessee shall become the property of Lessor. Lessee agrees to
execute such instruments as may be required to evidence Lessor's
ownership of such Alterations.
ARTICLE V
REPAIRS AND MAINTENANCE OF PREMISES
Section 5.01 Responsibility of Lessor and Lessee.
Except for any warranty work required to be performed by
Lessor pursuant to the Interlocal Agreement, Lessor shall not be
obligated or required to make or conduct any maintenance or repairs
to the Premises. All portions of the Premises, and all
improvements constructed on the Premises shall be kept in good
repair and condition by the Lessee, at the sole cost and expense of
Lessee.
Section 5.02 Responsibility of Lessee Regarding Alterations and
Personal Property.
All Alterations and personal property of Lessee shall remain
the property of the Lessee at Lessee's sole risk for the Term of
this Lease, or any extension or renewal hereof.
ARTICLE VI
INSURANCE
Section 6.01 Insurance by Lessee and Lessor.
From the Commencement Date through to the expiration of the
term of this Lease, Lessee and Lessor shall provide each other with
a certificate evidencing coverage or self - insurance coverage for
comprehensive general liability in the amount of $100,000 per
person and $200,000 per incident or occurrence. In the event the
Legislature should change the Lessee's or Lessor's exposure by
Statute above or below the sums insured against, each party shall
provide proof of insurance to the extent of that exposure.
Section 6.02 Property Insurance.
If, as a matter of policy (the "County Policy "), the Lessee
shall provide insurance coverage against loss or damage by fire and
other casualty ( "Casualty Insurance ") to properties similar to the
Premises, then the Lessee shall provide Casualty Insurance coverage
to the Premises to the full extent permitted by the County Policy.
Lessee shall advise Lessor what Casualty Coverage (if any) shall be
provided with respect to the Premises and Lessor shall have the
right to provide such additional Casualty Insurance coverages to
the Premises as it shall deem appropriate. If the County Policy is
such that Casualty Insurance is not provided with respect to the
3
Premises or, if provided initially, such Casualty Insurance
coverage shall be terminated or diminished because of a change in
the County Policy, Lessee shall advise Lessor of such fact in
writing and Lessor, at its own expense, may obtain such Casualty
Insurance coverages with respect to the Premises as it shall deem
necessary.
Section 6.03 Indemnification.
Lessee shall, to the extent permitted by Law, indemnify and
save harmless the Lessor from and against any and all claims,
suits, actions, damages and /or causes of action arising during the
Term of this Lease for any personal injury, loss of life and /or
damage to property sustained in or about the Premises by reason or
as a result of the use and occupancy of the Premises by the Lessee,
its agents, employees, licensees and invitees, and from and against
any orders, judgements, and /or decrees which may be entered
thereon, and from and against al costs, attorney fees, expenses and
liabilities incurred in and about the defense of any such claim.
Nothing herein shall constitute a waiver of the sovereign immunity
of either party.
ARTICLE VII
DESTRUCTION OF LESSEE'S ALTERATIONS
Section 7.01 Damage or Destruction by Fire, War or Act of God.
In the event any of the improvements upon the Premises shall
be destroyed or damaged or injured by fire or other casualty during
the Term of this Lease or any extension thereof, the Lessee shall,
at its own expense, commence restoration thereof within one hundred
eighty (180) days and thereafter diligently pursue the restoration
to completion. Notwithstanding the foregoing, in the event of any
such casualty, Lessee shall have the right, to be exercised in its
sole discretion, to terminate this Lease. In the event Lessee
elects to terminate this Lease, Lessee shall first place the
Premises in a safe and sightly condition and shall at the request
of the Lessor remove any improvements which are materially damaged.
ARTICLE VIII
UTILITIES
Lessee shall be solely responsible for and promptly pay
directly to the utility or other provider of such service all
charges and assessments for water, gas, electricity, trash
collection and removal or any other utility used or consumed on the
Premises. In no event shall Lessor be liable for an interruption
or failure in the supply of any such utilities to the Premises.
ARTICLE IX
ASSIGNMENT AND SUBLETTING
Section 9.01 Consent Required.
Lessee may not assign, mortgage, pledge or encumber this Lease
in whole or in part, nor sublet all or any portion of the Premises,
without the prior written consent of Lessor in each instance. The
consent by Lessor to any assignment or subletting shall not
constitute a waiver of the necessity for such consent to any
subsequent assignment or subletting.
ARTICLE X
DEFAULT OF LESSEE
Section 10.01 Default of Lessee.
The occurrence of any one or more of the following shall
constitute an Event of Default by Lessee under this Lease: (i)
Lessee shall fail to perform or observe any of the agreements,
covenants or conditions contained in the Lease on Lessee's part to
be performed or observed and such failure shall continue for more
than thirty (30) days after notice from Lessor; (ii) Lessee shall
vacate or abandon the Premises; or (iii) Lessee's leasehold estate
shall be taken by execution, attachment or process of law. If any
4
Event of Default occurs, then, at any time thereafter while the
Event of Default continues, Lessor shall have the right to give
Lessee notice that Lessor intends to terminate this Lease upon a
specified date not less than three (3) days after the date notice
is received by Lessee, and this Lease shall then expire on the date
specified as if that date had been originally fixed as the
expiration date of the Term of this Lease. If, however, the
default is cured within the three (3) day period and the Lessor is
so notified, this Lease will continue.
Section 10.02 Waiver, Accord and Satisfaction.
The waiver by Lessor of any default of any term, condition or
covenant herein contained shall not be a waiver of such term,
condition or covenant, or any subsequent default of the same or any
other term, condition or covenant herein contained. The consent or
approval by Lessor to or of any act by Lessee requiring Lessor's
consent or approval shall not be deemed to waive or render
unnecessary Lessor's consent to or approval of any subsequent
similar act by Lessee.
Section 10.03 Legal Expenses.
In the event any action, suit or proceeding is commenced with
respect to the interpretation or enforcement of this Lease, the
prevailing party herein shall be entitled to recover all costs,
expenses and fees expended or incurred in connection therewith,
including, without limitation, reasonable attorney's fees.
ARTICLE XI
QUIET ENJOYMENT
Section 11.01 Lessor's Covenant.
Lessor represents and warrants that the Premises and the
Project shall be free from encumbrances and that upon payment by
the Lessee of the Rent and upon the observance and performance of
all the covenants, terms and conditions of Lessee's part to be
observed and performed, Lessee shall peaceably and quietly hold and
enjoy the Premises for the term hereby demised without hinderance
or interruption by Lessor or any other person or persons lawfully
or equitably claiming by, through or under the Lessor, subject,
nevertheless, to the terms and conditions of this Lease.
ARTICLE XII
LESSOR'S OBLIGATION TO PURCHASE LESSEE'S ALTERATIONS
Notwithstanding anything in this Lease to the contrary, in the
event Lessor during the term of this Lease ceases to be a member of
the Palm Beach County Library Taxing District or any subsequent
taxing authority duly formed in lieu of said Taxing District,
Lessor, within ninety (90) days of notice by the Lessee, shall be
required to purchase from Lessee all of the improvements
constructed upon the Premises at the depreciated value thereof.
For the purposes hereof, the improvements shall have an initial net
value of Four Hundred Five Thousand Dollars ($405,000) as of the
date of occupancy of the library branch facility by the Lessee,
with a consolidated useful life of twenty -five (25) years and be
depreciated on a straight line basis.
At the closing, Lessee will assign to Lessor all of its right,
title and interest in this Lease and in the Premises, and all
improvements thereon, in a document satisfactory to Lessor and
Lessee shall be released of any and all of its obligations under
this Lease. Prior to the closing, Lessee shall remove all of its
personal property, trade fixtures and equipment from the Premises.
ARTICLE XIII
MISCELLANEOUS
Section 13.01 Successors.
All rights and liabilities herein given to, or imposed upon,
the respective parties hereto shall extend to and bind the several
5
respective heirs, executors, administrators, successors, and
permitted assigns of the said parties; and if there shall be more
than one Lessee, they shall be bound jointly and severally by the
terms, covenants and agreements herein. In the event Lessor sells
its interest in the Premises and the purchaser assumes Lessor's
obligations and covenants, Lessor shall thereupon be relieved of
all further obligations hereunder.
Section 13.02 Annual Budgetary funding /Cancellation.
The term of this Lease shall be subject to annual budgetary
funding by the Board of County Commissioners of Palm Beach County.
Notwithstanding anything in this Lease to the contrary, Lessee
shall have the right to terminate this Lease for any reason upon
ninety (90) days prior written notice to Lessor, whereupon Lessee's
right, title and interest in this Lease and in the Premises and all
improvements thereon shall be transferred to Lessor. Thereafter,
Lessee shall be relieved of all further obligations hereunder
except in the event termination of this Lease has occurred as a
result of the circumstances set forth in Section 7.01 hereof which,
in that event, Lessee shall be obligated to fulfill the
requirements of said Section 7.01.
Section 13.03 Entire Agreement.
This Lease and the Exhibits attached hereto, together with the
Interlocal Agreement, constitute all agreements, conditions and
understandings between Lessor and Lessee concerning the Premises.
All representations, either oral or written, shall be deemed to be
merged into this Lease and the Interlocal Agreement. Except as
herein otherwise provided, no modification or amendment to the
terms of this Lease shall be binding upon Lessor or Lessee unless
set forth in writing and executed by the parties with the same
formalities required for the original execution of this Lease.
Section 13.04 Notices.
Any consents, approvals and permissions by the Lessor shall be
effective and valid only if in writing and any notice from either
party to the other as required or permitted hereunder shall be in
writing and shall be deemed to be duly given only if mailed prepaid
by certified mail return receipt requested, addressed:
(a) If to the Lessor at:
Village of Tequesta
Village Manager
357 Tequesta Drive
P.O. Box 3273
Tequesta, FL 33469
(b) If to the Lessee at:
Palm Beach County Library Department
3650 Summit Boulevard
West Palm Beach, FL 33406
with a copy to:
Property and Real Estate Management Division
3323 Belvedere Road
Building 503
West Palm Beach, FL 33406
and
County Attorney
301 North Olive Avenue
West Palm Beach, FL 33401
or at such address as the Lessor or the Lessee, respectively, may
designate in writing.
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Section 13.05 Severability.
If any term of this Lease or the application thereof to any
person or circumstances, shall be determined by a court of
competent jurisdiction to be invalid or unenforceable, the
remainder of this Lease, or the application or such term to persons
or circumstances other than those as to which it is invalid or
unenforceable, shall not be affected thereby, and each term of this
Lease, shall be valid and enforceable to the fullest extent
permitted by law.
Section 13.06 Brokers commission.
Lessor and Lessee each represents and warrants to the other
that it has not dealt with any broker salesman, agent or finder in
connection with this transaction. Without limiting the effect of
the foregoing, to the extent permitted by law, each party agrees to
indemnify, defend and save the other harmless from the claims and
demands of any real estate broker claiming to have dealt with the
indemnifying party. Such indemnity shall include, without
limitation, the payment of all costs, expenses and attorneys fees
incurred or expended in defense of such claims or demands.
Section 13.07 Recording.
Upon execution hereof, a copy of this Lease shall be recorded
in the Public Records of Palm Beach County.
Section 13.08 Governing Law.
This Lease shall be governed by and interpreted according to
the laws of the State of Florida.
Section 13.09 Time of Essence.
Time is of the essence with respect to the performance of
every provision of this Lease in which time of performance is a
factor.
(INTENTIONALLY LEFT BLANK)
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Section 13.10 Radon Gas.
Radon is a naturally occurring radioactive gas that, when it
has accumulated in a building in sufficient quantities, may present
health risks to persons who are exposed to it over time. Levels of
radon that exceed federal and state guidelines have been found in
buildings in Florida. Additional information regarding radon and
radon testing may be obtained from the county health unit.
IN WITNESS WHEREOF, the parties hereto have executed this
Lease, or have caused the same to be executed as of the day and
year first above written.
ATTEST: LESSOR:
VIL E OF TEQUESTA
By cam..,. -,c,� oO��..._-
Vi..lage erk Mayor
APPROVED AS TO FORM
ANP LEGAL SU FICIENCY
Vil age Attorney
ATTEST: LESSEE:
DOROTHY H. WILKEN, CLERK ��:• -. PALM BEACH COUNTY, FLORIDA
A POLITICAL SUBDIVISION OF
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EXHIBIT A
A PAACEL OF LAX0 LYING IN SWTtOV 30, TOWNSHIP 40 SoVN, RANGE
13 LAST, PAL( *EACH COLVrY, FLORIDA 6tING MORE PAATICUtARLY
DESCRIBED AS FOLLOWS;
COMMENCING FROM THE NORTHWEST CORNER OF THE SOITTtMEST ONE QUARTER
OF SAID SECTION 30, bZhR N 69 t, ALONG THE NORTH LINE OF
SAID SOtTdVZST ONt QUARTER A DISTANCE OF OS3.26 FEF! TO THt
INTERStCTIOM WITH THS &ASST RIGHT -OF -WAY LINE OF OLD OIXIZ
HIGHWAY, AN 40 FOO'!' RIGHT-07-UT AS NOW LKID OUT AND IN USE;
THENCZ BEAR S 22 t, KIAW SAID EAST RIGHT -OF -MAY LINE, A
DISTANCE OF 621.37 ?28T TO THZ POINT OF UCINNUIG: THENCS
CONTINDB S 22.61 t, ALDNG SAID RIWR- OF -WAY L.INZ, A DISTANCE
OF 175.00 FELT; THEM IZAA N 67.16 t, A DISTANCE OF 266.00
FEET; TKZNCt SEAR N 22.61'51' W, ALOMG A L.INZ PARALLM. TO THt
SAID EAST RIGHT -OF -MAY LINZ OF OLD DIXIE HIGHWAY, A DISTAXCt OF
175.00 FELT; THENCZ DtAlt S 67.14 1 09 0 W, A DISTANCt OF 266.00 FM
TO THE POINT OF BEGINNING.
CONTAINING 1.064 ACRES MORE OR LESS (16,550 SQ. FT.)
EXIBIT "B"
SITE PLAN
EXHIBIT "All
LEGAL DESCRIPTION OF PREMISES
A PARCEL OF LAND LYING IN SECTION 30, TOWNSHIP 40 SOUTH, RANGE 43
EAST, PALM BEACH COUNTY, FLORIDA BEING MORE PARTICULARLY DESCRIBED
AS FOLLOWS;
COMMENCING FROM THE NORTHWEST CORNER OF THE SOUTHWEST ONE QUARTER
OF SAID SECTION 30, BEAR N 89 49' 04" E, ALONG THE NORTH LINE OF
SAID SOUTHWEST ONE QUARTER A DISTANCE OF 953.24 FEET TO THE
INTERSECTION WITH THE EAST RIGHT -OF -WAY LINE OF OLD DIXIE HIGHWAY,
AN 80 FOOT RIGHT -OF -WAY AS NOW LAID OUT AND IN USE; THENCE BEAR S
22 41' 51" E, ALONG SAID EAST RIGHT -OF -WAY LINE, A DISTANCE OF
421.37 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE S 22 41'
51" E, ALONG SAID RIGHT -OF -WAY LINE, A DISTANCE OF 175.00 FEET
THENCE BEAR N 67 18' 09" E, A DISTANCE OF 266.00 FEET; THENCE BEAR
N 22 41' 51" W, ALONG A LINE PARALLEL TO THE SAID EAST RIGHT -OF-
WAY LINE OF OLD DIXIE HIGHWAY, A DISTANCE OF 175.00 FEET; THENCE
BEAR S 67 18' 09" W, A DISTANCE OF 266.00 FEET TO THE POINT OF
BEGINNING.
CONTAINING 1.069 ACRES MORE OR LESS (46,550 SQ. FT.)
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