This space reserved for use by the Clerk of the Circuit Court This Instrument Prepared by and return to: Capital Region Conununity Development District c/o Hopping Green & Sams, P.A. 123 South Calhoun Street Tallahassee, Florida 32301 CAPITAL REGION COMMUNITY DEVELOPMENT DISTRICT DISCLOSURE OF PUBLIC FINANCING Alan Hanstein Chairperson Mike Brandon Vice Chairperson Correy Dietz Assistant Secretary Mary Lee Kiracofe Assistant Secretary Jorge Gonzalez Assistant Secretary Date Approved: November 6, 2008 20080078580 THIS DOCUMENT HAS BEEN RECORDED IN THE PUBLIC RECORDS OF LEON COUNTY FL BK: 3921 PG:1598, Page1 of 29 11/12/2008 at 03:25 PM, BOB INZER, CLERK OF COURTS CAPITAL REGION COMMUNITY DEVELOPMENT DISTRICT INTRODUCTION On behalf of the Board of Supervisors of the Capital Region Community Development District (the "District"), the following information is provided to give you a description of the District's services and the assessments that have been levied within the District to pay for certain community infrastructure, and the manner in which the District is operated. The District is a local unitofspecial-purposegovernment createdpursuantto and existingunder the provisions ofChapter 190, Florida Statutes. Unlike city and county governments, the District has only certain limited powers and responsibilities. These powers and responsibilities include, for example, certain water managementanddrainagecontrolfacilities, roadwayimprovements,andtheprovision ofrecreation facilities and landscaping improvements. TheDistrictisheretoservetheneeds ofthecommunity,andweencourageyourparticipation in District activities. Board of Supervisors' Capital Regiou Commuuity Development District Alan Hanstein Mary Lee Kiracofe Chairperson Assistant Secretary Mike Brandon Jorge Gonzalez Vice Chairperson Assistant Secretary Corey Dietz Assistant Secretary Jim Perry District Manager 14785 Old St. Augustine Rd., Suite 4 Jacksonville, Florida 32258 (904) 288-9130 District records are on file at the District Office, 14785 Old St. Augustine Road, Suite 4, Jacksonville, Florida 32258, and the District's local files at the office of the County Administrator, 301 South Monroe Street, Tallahassee, Florida 32301, and are available for public inspection upon request during normal business hours. lThis list reflects the composition of the Board of Supervisors as of November 1, 2008. For a current list of Board members, please call the District Manager. TABLE OF CONTENTS Introduction WhatistheDistrictand howisitgoverned?.................................... .. 1 What infrastructure improvements does the District provide and how are the improvements paid for? 2 On-Site Roadway Improvements 3 Off-Site Roadway Improvements 5 Stormwater Management Facilities •••••••••.••..•..•...•.•..•........•••• 5 Open Space and RecreationalImprovements •••..•.....••.••.•.....•.••••• 5 Entrance Features and Landscape Improvements .......•..•......•....•... 6 Internal Collector Roads and Streetscape •....•..••...•••.•••••••.•....•.... 6 Subdivision Infrastrncture Improvements ....•..•..•..•.•••••..•.•....•... 6 Assessments, Fees, and Charges ...•..•..•••.•......••..•..•..•..•..•.•.•..•... 7 Method of Collection 7 DISCLOSURE OF PUBLIC FINANCING AND MAINTENANCE OFIMPROVEMENTS TOREALPROPERTYUNDERTAKEN BY THE CAPITAL REGION COMMUNITY DEVELOPMENT DISTRICT Under Florida law, commnnity development districts are required to take affirmative steps to provide for the full disclosure of information relating to the public financing and maintenance of improvements to real property nndertaken by such districts. The law specifically provides that this information shall be made available to all persons currently residing within the District and to all prospective District residents. The following information describing the Capital Region Community Development District and the assessments, fees and charges that have been levied within the District to pay for certain commnnity infrastructure is provided to fulfill this statutory requirement. What is the District and how is it governed? The District is an independent special taxing district, created pursuant to and existing under the provisions of Chapter 190, Florida Statutes, and established by Rule 42CC-l, Florida Administrative Code, adopted by the Florida Land & Water Adjudicatory Commission, effective February 28, 2000, and amended November 1, 2006. The District currently encompasses approximately 3,287 acres of land located entirely within the jurisdictional bonndaries of the City of Tallahassee, Florida, and Leon County, Florida. As a local nnit of special-purpose government, the District provides an alternative means for planning, financing, constructing, operating and maintaining various public improvements and community facilities within its jurisdiction. The District is governed by a five (5) member Board of Supervisors, the members of which must be residents of the State and citizens of the United States. Within ninety (90) days of appointment of the initial board, members were elected on an at-large basis by the owners of property within the District, each landowner being entitled to one (1) vote for each acre ofland with fractionsthereofronndedupwardtothenearestwholenumber. Thereafter,electionswereheldevery two (2) years in November, beginning in November of 2002. Commencing in November 2006, the positions of two (2) board members whose terms were expiring were filled by qualified electors of the district. 2 The remaining board member whose term expired was elected by the landowners and was not required to be a qualified elector. Thereafter, as terms expire, board members shall be qualified electors elected by qualified electors of the district for a term offour (4) years. A "qualified elector" inthisinstanceisanypersonatleasteighteen(18)years ofagewhoisacitizen oftheUnited States, a legal resident of Florida and of the District, and who is also registered with the Supervisor of Elections to vote in Leon County. Notwithstanding the foregoing, if at any time the Board proposes to exercise its ad valorem taxing power, it shall, prior to the exercise of such power, call an election at which all members of the Board shall be elected by qualified electors of the District. 2The members of the Board elected by qualified electors of the District in November 2006 were Alan Hanstein and Mary Lee Kiracofe. 1 Board meetings are noticed in the local newspaper, the Tallahassee Democrat, and are conducted in a public forum in which public participation is permitted. Consistent with Florida's public records laws, the records of the District are available for public inspection during normal businesshours. Electedmembers oftheBoardaresimilarlyboundbytheState'sopenmeetingslaw and are subject to the same disclosure requirements as other elected officials under the State's ethics laws. What infrastructure improvements does the District provide and how are the improvements paid for? The District is comprised of approximately 3,287 acres. The legal description of the District is attached hereto as Exhibit A. The public infrastructure necessary to support the Capital Region development program includes, but is not limited to, the following: on and off-site roadways, stormwater management facilities, open space and recreational improvements, entrance features and landscape improvements, roadway signage, street lighting and subdivision infrastructure improvements. Each of these infrastructure improvements is more fully detailed below. These public infrastructure improvements have been or will be funded in part by the District's sale of bonds. On October 26, 2000, the Circuit Court of the Second Judicial Circuit of the State of Florida, in and for Leon County, Florida, entered a Final Judgment validating the District's ability to issue up to $275,000,000.00 in Capital Improvement Revenue Bonds for infrastructure needs of the District. The Final Judgment acknowledges that for the infrastructure contemplated by the Improvement Plan to be constructed, $275,000,000.00 may need to be expended. On March 30, 2001, the District issued its first series of bonds to begin financing the infrastructure improvements. The District issued Series 2001A Capital Improvement Revenue Bonds in the amount of $10,130,000 and Series 200lB Capital Improvement Revenue Bonds in the amountof$11,240,000 (collectively,"Series2001Bonds"), OnMarch27,2002,theDistrictissued itsSeries 2002ACapitalImprovementRevenueBonds intheamount of$13,410,000("Series 2002A Bonds"). OnJune6,2003,theDistrictissueditsSeries2003BCapitalImprovementRevenueBonds in the amount of $10,000,000 ("Series 2003B Bonds"). On December 15, 2004, the District closed on the sale of its Series 2004 Bond Anticipation Notes in the amount of $10,000,000 ("Series 2004 Notes"). On November 4,2005, the District closed on the sale of its Series 2005 Bond Anticipation Notes in the amount of $10,000,000 ("Series 2005 Notes"). On March 14,2006, the District closed on the sale of its Series 2006 Bond Anticipation Notes in the amount of $10,000,000 ("Series 2006 Notes"). Finally, on September 11, 2008, the District closed on the sale of its Series 2008A Capital Improvement Revenue Bonds in the amount of $20,020,000 ("Series 2008A Bonds"). Proceeds of the Series 2001, 2002A, 2003B and 2008A Bonds and Series 2004, 2005 and 2006 Notes are and will be used to finance a portion of the cost of the acquisition, construction, installation and equipping of the infrastructure and improvements. The District intends to issue additional series of bonds or bond anticipation notes in the future to further finance the infrastructure improvements. 2 To plan the infrastructure improvements necessary for the District, the District adopted an Improvement Plan that was amended and has been subsequently amended and restated ("Improvement Plan") that details all of the improvements contemplated for completion by the District. A copy of the District's Improvement Plan is available for review at the office of the District Manager and in the District's local files at the offices of the County Administrator, 301 South Monroe Street, Tallahassee, Florida 32301. Additionally, for certain series of bonds and notes issued by the District, a separate engineering report was created and adopted by the Board of Supervisors that details the precise improvements contemplated by the particular series of bonds and notes at issue. For the Series 2001 Bonds, the Engineering Report for Series 2001 Capital Improvements ("Series 2001 Engineering Report") dated March 2001, was adopted by the Board. For the Series 2002A Bonds, the Board adopted the Engineering Report for Series 2002 Capital Improvements dated March 21, 2002[ ("Series 2002 Engineering Report"). For the Series 2003B Bonds, the Board adopted the Engineering Report for Series 2003 Capital Improvements dated June 5, 2003 ("Series 2003B Engineering Report"). For the Series 2004 Notes, the Board adopted the Engineering Report for the Series 2004 Capital Improvements dated October 27, 20042 ("Series 2004 Engineering Report"). The Series 2005 and Series 200/:i Notes do not have an accompanying engineering report. Rather, the Series 2005 and Series 2006 Notes will be used to fund any projects included in the District's adopted Improvement Plan. For the Series 2008A Bonds, the Board adopted the Supplemental EngineeringReportfortheCapitalRegionCommunityDevelopmentDistrictCapital Improvements Revenue Bonds, Series 2008 ("Series 2008A Engineering Report"). Copies of the Series 2001 Engineering Report, Series 2002 Engineering Report, Series 2003B Engineering Report, Series 2004 Engineering Report and Series 2008A Engineering Report are also available for review at the office of the District Manager and in the District's local files in Tallahassee. On-Site Roadway Improvements The District will provide for the construction and acquisition ofseveral roadways within the District boundaries. These improvements allow access to District properties and provide necessary traffic volume capacity. The District also intends to construct interior roads throughout all phases of construction. Certain public roadway systems constructed or acquired by Capital Region 1 The Series 2002 Engineering Report was subsequently amended on July 7, 2005, to modify the Series 2002 improvements to include any projects contemplated in the Adopted Improvement Plan, as long as there are funds from the Series 2002 Bonds to fund such projects. These additional projects include roadways, off-site roadways, subdivision infrastructure, landscape and irrigation and pedestrian trails and park furniture. The additional project costs will also include the associated engineering costs, legal fees, and permit fees and expenses. 2 The Series 2004 Engineering Report was subsequently amended on July 7, 2005. See footnote 1 for the description of such amendment. 3 Community Development District will be ultimately owned and maintained by the City of Tallahassee, Florida. Finally, the District may undertake other roadway improvements as approved by the Board of Supervisors. The Series 2001 Engineering Report provides for certain on-site roadway improvements to be constructed and acquired by the District including Esplanade Way (Merchants Row to Drayton Drive), Drayton Drive (to Esplanade Way), Merchants Row ( to Four Oaks Blvd.), Four Oaks Blvd. (Merchants Row to Barringer Hill), Terrebone Drive, Shumard Oak (Four Oaks to Grove Park Drive), School House Road (four Oaks Blvd. to school entrance), Grove Park Drive (Shumard oak to Terrebone and TC-l to Mossy Creek Lane), Mossy Creek Lane (Grove Park N. Approximately 5150 feet), and Mulberry Park Boulevard (Four Oaks Blvd. to Grove Park Drive). Additional on-site roadway improvements to be constructed and acquired by the District are described in the Series 2002 Engineering Report and include Esplanade Way (Drayton Drive to Blairstone Road), Blairstone Road (Capital Circle to Esplanade Way), Merchant's Row Boulevard (Four Oaks Boulevard to Colleton Court), Four Oaks Boulevard (Merchants Row to Shumard Oaks), Ivy Green, Colleton Court, Riverton Drive, Grove Park Drive (Mossy Creek Lane to Hemingway Boulevard), Grove Park Drive (Colleton Court to Shumard Oak), Biltmore Avenue (Carrolton to Tremont) and Hemingway Boulevard (Grove Park Drive to Southwood Plantation). The Series 2003 Engineering Report provides for the design and/or construction of certain roadways, including Blairstone Road (Esplanade Way to Four Oaks Blvd.), Esplanade Way (Blairstone Road to 1,350 feet North), Ivy Green (Merchants Row to Grove Park Drive), Four Oaks Blvd. (TC-l to LDR-6), Grove Park Drive (Hemingway Blvd. To Terrebone Road), Biltmore Avenue (Unit 2 Phase 3), and Hemingway Blvd. (Unit 2 Phase 3). The Series 2004 Engineering Report provides for numerous on-site roadway projects including design Orange Avenue (Capital Circle SE to Biltmore Avenue), design Merchant's Row (Capital Circle SE to Paul Russell Road), design Esplanade Way (LDR-7 to Orange Avenue), design Four Oaks Blvd. (Unit 18 to Orange Avenue), design Mossy Creek (Unit 19 to Orange Avenue), design Biltmore Avenue (Unit 25 to Orange Avenue), design Shumard Oak (4 lane at Four Oaks Blvd.), construct Grove Park Drive (Colleton to Alcott), construct Biltmore Avenue (Tremont to Unit 25), construct Shumard Oak (four lane at Four Oaks Blvd.), design Four Oaks Blvd. (Four lane at Shumard Oak), design Paul Russell Road (Tram Road to Capital Circle), construct Biltmore Avenue (next to Unit 16), and design Biltmore Avenue (Tremont to Unit 25). The Series 2008A Engineering Report provides for the design, construction and/or installation of certain master roadway improvements including Orange Avenue (from CCSE to Four Oaks Boulevard) Orange Avenue (Unit 29), Orange Avenue (Unit 31), Esplanade Way at Epoch Driveway,FourOaksBoulevard(Unit 29),MossyCreekLand(Unit29),BiltmoreAvenue(Unit31), Merchant's Row West Phase 1 and 2, and Biltmore Avenue (Unit 25). 4 As the District has issued additional bonds or bond anticipation notes, more of the roadways contemplated in the Improvement Plan have been and will be constructed. Off-Site Roadway Improvements The Southwood Development of Regional Impact Development Order requires the construction of certain off-site roadway improvements within time parameters set by the Development Order. The District has commenced a construction program to comply with these requirements. The purpose of the off-site roadway improvements is to mitigate the traffic impacts which are anticipated due to the development within the Capital Region Community Development District. The off-site roadway improvements consist primarily of road widening, road extension, creation of exclusive turning lanes, and installation of traffic signals. Certain public roadway systems constructed or acquired by Capital Region Community Development District will be ultimately owned and maintained by the City of Tallahassee, Florida, except improvements made to public highways, which will continue to be maintained by the State of Florida. A more detailed description of the off-site roadway improvements may be obtained by reviewing the District's Engineering Reports and Improvement Plan on file in the District's public records. Stormwater Management Facilities The District will provide for the design and construction of stormwater management facilities necessary to support the infrastructure improvements, inclusive of conveyance channels, lakes, ponds, storage and attenuation facilities, control structures, culverts and pipe systems, discharge structures, wetland maintenance, altered wetlands, and littoral shelves. In addition, the stormwater management facilities include all other improvements coincident with stormwater management systems. More specific information regarding the stormwater management system and related improvements may be found in the Stormwater Facilities Masterplan which is part of the public records maintained at the District Office. Open Space and Recreational Improvements Open Space and Recreation Improvements will be designed to meet the needs of the District's residents. The proposed parks are passive in that the improvements call for minimal landscaping and irrigation, benches, trails, and minimal lighting and trash receptacles. The Series 2001 Engineering Report provides for the construction of approximately 14,000 linear feet of trails with two trail bridges. The Series 2002 Engineering Report provides for the construction of an additional 16,000 linear feet of trails and one additional trail bridge. The Series 2008A Engineering Report provides for the design, construction and/or installation, generally, of street trees in Unit 16, 18, and 23, and miscellaneous landscaping improvements including, but no limited to, irrigation, trees, shrubs and groundcover within the roadways rights-of-way, and parks and recreational amenities generally passive in nature. 5 Entrance Features and Landscape Improvements Therearefive (5)projectentrancestotheCapitalRegionCommunityDevelopmentDistrict. For each of the five (5) entrances, the District will construct and maintain certain features and landscaping lighting. According to the Improvement Plan, the five entrances for which landscape improvements will be constructed are at the intersections of Capital Circle and Blair Stone Road, Capital Circle and Merchants Row Boulevard, Capital Circle and Orange Avenue, Four Oaks Boulevard and Tram Road, and Old St. Augustine Road and Biltmore Avenue. The Series 2003 Engineering Report provides for the construction ofentrance features and landscape improvements at Blairstone Road and Capital Circle. Internal Collector Roads and Streetscape Those collector roads constructed by the District with a 60ft to 80ft right-of-way, and wider at certain median areas, will have certain landscape and signage improvements. Further information regarding any oftheplannedlandscapeand signageimprovementscanbeobtainedfrom theDistrict's Engineering Reports on file in the District's public records. Subdivision Infrastructure Improvements In addition to the improvements noted above, the District will make certain infrastructure improvements within the subdivision as development progresses. The Series 2002 Engineering Report provides for the engineering and application for permit for the following projects: LDR-lO and TC-2 East. The Series 2003 Engineering Report provides for facilities for each parcel of development to include roads, alleys, lighting, storm sewers, stormwater facilities, parks and landscaping for the following projects: Unit 2 Phase 3 (Alley One); TC-2 West; LDR-11; LSF-lO; MDR-8; LSF-5; and LDR-12. The Series 2004 Engineering Report provides for facilities for each parcel of development to include roads, alleys, lighting, storm sewers, stormwater facilities, parks and landscaping for the following projects: LDR-15/LSF-9 (Unit 2); LDR-6 (Unit 18); design Unit 23; designLDR-13/LSF7 (south of out-parcel). Additionally, the Series 2008A Engineering Report provides for facilities for each parcel of development generally including roads, stormwater management improvements and landscaping for the following projects: Units 21, 23, 25, 26, 29, 30, 31, and 32. Further information regarding any of the planned improvements can be obtained from the District's Engineering Reports on file in the District's public records. 6 Assessments. Fees. and Charges As noted above, the District anticipates issuing bonds as a method of financing the infrastructure improvement needs of the Capital Region CDD. The Series 2001 Bonds, Series 2002A Bonds, Series 2003B Bonds, Series 2005 Notes, Series 2006 Notes and Series 2008A Bonds" along with the interest due thereon, are payable solely from and secured by the levy of non ad valorem or special assessments against lands within the District that benefit from the construction, acquisition, establishment and operation of the District's improvements. The assessments are typically billed in the same manner as are county ad valorem taxes but may be billed directly by the District. A breakdown of the capital assessments are attached as Exhibit B. The Developer may choose to contribute funds in a manner that would reduce the actual assessment amounts shown on Exhibit B. The amounts described above exclude any operations and maintenance assessments that are calculated annually by the District's Board ofSupervisors against all benefitted lands in the District. A breakdown of the current operations and maintenance assessments are also delineated in Exhibit B. As is true with the capital assessments, the Developer may choose to contribute funds or provide services in a manner that would reduce the actual operations and maintenance assessment amounts shown on Exhibit B. The operations and maintenance assessments are in addition to the capital assessments, as shown on Exhibit B for each product type. A detailed description of all costs and allocations that result in the formulation of assessments, fees and charges are available for public inspection upon request. Method of Collection The District's benefitandmaintenanceassessments mayappear on thatportion ofthe annual real estate tax bill entitled "non-ad valorem assessments," and will be collected by the county tax collector in the same manner as county ad valorem taxes. Each property owner must pay both ad valorem and non-ad valorem assessments at the same time. Property owners will, however, be entitled to the same discounts as provided for ad valorem taxes. As with any tax bill, if all taxes and assessments due are not paid within the prescribed time limit, the tax collector is required to sell tax certificates that, if not timely redeemed, may result in the loss of title to the property. The District may also elect to collect the assessments directly. This description ofthe CapitalRegionCommunityDevelopmentDistrict's operation,services and financing structure is intended to provide assistance to landowners and purchasers concerning the important role that the District plays in providing infrastructure improvements essential to the development of new communities. If you have questions or would simply like additional information about the District, please write to the District Manager, Capital Region Community "TheSeries 2004 Notes were repaid in full by The St. Joe Company on October 26, 2007. 7 Development District, District Offices, 14785 Old St. Augustine Road, Suite 4, Jacksonville, Florida 32258 (904) 288-9130. The information provided herein is a good faith effort to accurately and fully disclose information regarding the public financing and maintenance of improvements to real property undertaken by the District and should only be relied upon as such. The information contained herein is, and can only be, a status summary of the District's public financing and maintenance activities and is subject to supplementation and clarification from the actual documents and other sources from which this information is derived. In addition, the information contained herein may be subject to change over time, in the due course of the District's activities and in accordance with Florida law. Prospective and current residents and other members of the public should seek confirmation and/or additional information from the District Manager's office with regard to any questions or points of interest raised by the information presented herein. IN WITNESS WHEREOF, this Disclosure of Public Financing and Maintenance of Improvements to Real Property Undertaken has been executed as of the .u: day of fJ0,) ,,,"Pel , 2008, and recorded in the Official Records of Leon County, Florida. CAPITAL REGION COMMUNITY DEVELOPMENT DISTRICT BY:~~~~~~~=:::S;-- ChairmanNice Print Name STATE OF FLORJDA COUNTY OF lilT' The foregoing instrument was acknowledged before me thisl Z-#-day of -.I''::!fe~f{'i~=-Hanstein, Chairman of the Board of Supervisors, of the Capital Region Community D is personalty known to me or who [ ] has produced ------Y-----,,-----f---If take the oath. o,,s".'{ Pue< Karen F. Jusevitch Notary Public, State 0 ~~ ~ Commission # 00599752 Print Name: __--.-::::.---. _ '1. \)'" Expires November 25.2010 ~ OFf\-WBondedTltlyFain IMUranee. Int. 8O(l.365-7019 Commission No.: _ My Commission Expires: _ 8 EXHIBIT A ThefollowingdescriptionsinctodeallorpartofSections2, 3,9,10,II, 14, IS, 16,20,21,22,23,26,27,28 and 29,Townsbip I South, Range I East, Leon County, Florida. PortionsofSections2, II, 14,23and26,Townsbip1South,Range1East,moreparticularlydescribedas follOws: BEOtN'st theNorthwestcomerofSection26,Townsbip1South,Range1East;thencerunSouth along the West lineof said Section 26 for4S1.73 feet moreorless to theNortherlyright.of·waylineofStateRoad261·A(TramRoad);thencerunSouth77 degrees00minutes41secondsEast 191.64feet;thencerunNorth 49S.02feetmoreorlessto theNorthlineofsaidSection26; thence continue North 2829.68 feet more or less to thebeginningofacurveconcaveto theEast;thenceNortheasterly alongsaid curvehavingaradiusof3444.00feetthroughacentralangleof20degrees02minutes36secondsforanarcdistanceof 1204.80feet to the endofthecurve;thencerunNorth20degrees02minutes37 secondaEastfor 63S.00feettothebeginningofacompound curveconcave to the Wesl:thenceNortheasterlyalongsaidcurvebavingaradiusof 19S6.02 feet,througha centralangleof 19 degrees 57 minutes S1secondsfor an arc distanceof681.S6 feetto the pointof compoUDd curvature: thencecontinueNortherly and Northwesterlyalongsaldcurvehavingaradiusof 1956.02feet;throughacentralangleof23degrees44 minutes04seconda foran arcdistance of810.27feet to a point of reversecurveconcaveto theEast;thenceNortherly alongsaidcurvehavingaradiusof 3144.08 feet, through a central angleof21 degrees 38 minutes IS seconda for an arc distanceof 1187.3S feet to the beginningofa curveconcave to theEast;thenceNortherlyalongsaidcurvehavingaradiusof4983.90feetthrough a centralangleof 12degrees 57 minutes37secondsforanarcdiatanceof 1127.3S feet;thencerunNorth00degrees09 minutes48 seconda Bastror610.30feet to the beginning of a curve concave to the West; thence Northerlyalong saldcurve bavinga radiusof 108S2.98 feet through a centralangle of04 degrees30minutes 46 secondaforanarcdistanceof854.79feet,thencerunNorth12degrees23 minutes 29 secondaWest41558 feet tothebeginningofacurveconcavetotheSouthwest,thenceNorthwesterlyalongsaidcurvebavinga radiusof3342.64feetthroughacentralangleof 07 degrees08minutes57 seconda foranarcdistanceof417.09feet to the beglnningofacurveconcavetotheSouthwest,thenceNorthwesterly alongsaidcurvebavinga radiusof3342.64feetthrougha centralangle of0I degrees15 minutes18secondaforanarcdistanceof82.93feet; thence runNorth06 degrees5I minuteS 48 (seconds East for 94S.08 feetto thebeginningofacurveconcaveto theWest,thencealongsaidcurvehavingaradiusof2700.04feet <. throughacentralangle of03 degrees SO minutes52 secondaforan arcdistanceof 181.33 feet; thencerunNorth03 degrees00 minutes57 secondaEastfor4071.36feet; thence continueNorth03 degrees00 minutes57 seconds East for 1320.00 feet,moreor less, to the North tineoftheSouthHalf oftheSouth HalfofSection2,TownsbipI South,RangeI East; thencerunWestalongsaid Northline ofthe SouthHalfoftheSouthHalfofSectinn2 toitsintersectionwiththeWest1lDeofsaidSection2; thencerunSouth alongtheWestsectionlines ofSections2, II, 14and23,Townsbip1South,RangeIEast totheNorthwestcomerofSection26, Townsbip I South, Range 1 East and the POINT OF BEGINNING. LESS AND EXCEPT; The rightsof wayforSouthwoodPlantationRoadandOldSt.AugustineRoad. ALSO, LESS AND EXCEPT; Thatportion ofthe followingdescriptionlyingwithinSection II,TownshipISouth,RangeIEast. COMMENCEat the intef-way lineto theWestboundaty ofthatpropertydescribedasParcelNo.Threein OfficialRecordsBook 2006,Page 2252ofthePublicRecordaof LeonCounty,Florida;thencerunSouthalongsaidbolllldary andcontlouationthereoffor 1002.3, moreor less, to theNorthboundaryofthatpropertydescribedinOfficialRecords Book1225,Page2379ofthePublicRecordsof LeonCounty,florida;thencerunSouthalong the Westboundatyofsaid property describedin OfficialRecordsBook 1225,Page 2379and a continuationthereof to the Southline ofsaidSection21;thencerunWestfor660feel,moreorless, to theSouthwest corner of said Section 21 and the POINT OF BEGINNING. AND ALSO; The followingdescribedparcellyinginSections21 and22,Township1South,RangeI East,LeonCounty,Florida. CommencingataconcretemonomentmarkingtheSoutheastcornerofSection21,TownshipI South,RangeI East,LeonCounty, Florida, thencerunNorth00 degrees 13minutes37secondsEast937.73feet to ansil and capmarkingthecenterlineofthe66 foot rlght-of-wayofTramRoad(CountyRoadNo.259);thencerunNorth76 degrees 58minutes41 seconds West alongsaid centerline 642.68 feet to a nsil and cap marking theintersectionoftheTramRoadConnector (a120foot rlght-<>f-way) andthecenterlineof ,aidTramRoad;thenceronNorth13degrees01 minutes22secondsEastaiongthecenterlineofsaidTramRoadConnector86.22 feet; thenceleavingsaidcenterlinerunNorth76degrees58minutes38secondsWest60.00feet toaconcretemonumentonthe westerlyright-of-wayboundaryofsaidTramRoadConnector,thencerunSouth 13degrees01minutes22secondsWeslalongsaid I, '{ westerlyright-of-way53,22feel10aconcretemonumentmarkingthenorthright-of-wayboundaryof saidTramRoad;thencerun North76 degrees58minutes41 secondsWeslalongsaidnortherlyrighl-of-wayofTramRoad766.36 feetto a set Ironrod and cap markinga pointofcurvetotheright,thencerunnorthwesterlyalongsaidrighl ofwaycurvewitharadius of3172.07feetthrougha centralangle of06 degrees 02 mlnutes20sccon&foranarcdistanceof334.34feet(chordbears North73degrees57 minutes 31 secondsWest 334.18feet) to aconcretemonumentmarkingtheeasterlyboundaryoftheexistingCapitalCircle Offl<:eCenter; thenceleavingsaidnortherly right-of-wayrunNorth35degrees42mlnutes40 seconds But 1562.71 feetto a concretemonumenl; thencerun North27degrees52 mlnutes52secondsBut214.31feet toaconcretemonument;thencerunNorth21 degrees 57 minUles48 seconds But22.24feet10anIronrod and cap to thePOINTOF BEGINNlNO.FromsaidPOINTOF BEGlNNINO thencecontinue North21degrees57mlnutes48secondsBu195.89 feettoa concretemonument, thencerunNorth10degrees 53 minutes34 secondsBu1219.79feet to aconcretemonumenl,thencerunNorth02degrees57minutes51 secondsBut 603.14 feet to a concrete monument, thencerun North07 degrees58 mlnutes29 secondsEasII12.07 feetto a point on the southerly right of wayboundary ofShumardOak Boulevard andacurveconcavesouthwesterly, thencerunsoutheasterly alongsaidrightofway curvewith aradiusof666.67feet througha centralangleof 24 degreesOS mlnutes36secondsfor anarcdistanceof280.34feet (chord of 278.28 feetbears South76degrees41 minutes 39secondsEast)toapoint ofreversecurveto the lett. thencerun southeasterlyalongsaldcurvewitharadiusof1293.00feetthroughacentralangle of23degr_ 25 minutes16.econdsfor an arc distance'of528.55feet (chordof 524.87 feet bears South76 degr_ 21minutes29secondaEast),thencerunSouth88degrees04 minutes07 secondsEast297.07feet to a pointofcurveto theright,thencerunsoutheasterly alongsaidcurvewitharadiusof30.00 feetthroughacentralangleof90 degr_54 minutes41seconds foranarc distance of47.60feet(chordof 42.76feet bears South 42 degrees36 minutes47secondsEast)toa pointofcurvetotheright and thewesterly right of way boundary of Tram Road Connector, thencerunsouthwesterlyalongsaidrightofwaycurvewitharadiusof 1168.00feetthrough acentralangleof 17 degrees26 minutes30secondsfor anarcdistanceof355.56feel(chord of354.19feel bears South II degrees 33 minutes 49 secondsWest),thencerunSouth20degrees17 minutes 04secondsWest816.47feel,thenceleavingsaidwesterlyrightofway boundary run North69degrees42 minutes56secondsWest934.79feet to thePOINTOFBEGINNING. AND ALSO; TheexistingSI,JoeCorp. propertylyingintheSoutheastQuarterofSection21.TownshipI South.Range1East,LeonCounty. Floridalyingsouth,ofTram Road(knowasTaxIDparcel 31-21-2Q.002.QOO.0). , LESS AND EXCEPT; The right-of-wayofStete RoadNo. 263 (CapitalCircle),theright-of-wayof State RoadNo. 261-A(TramRoad). and the 100 foot Power Line right-of-waydeeded to the City of Tallahassee. ALSO. LESS AND EXCEPT; BEGINatapointon theWestlineofSection21,TownshipISouth.Range IEast,saidpointbeing1326.2feetNorthofthe Southwestcomer oftheNorthwestQuarteroftheSouthwestQuarterofsaidSection21. and run thenceEast 100feet, thence North 01degrees 58minutesWestfor390.25 feetto apointontheSouth boundaryoftheright-of-wayofthepublicroad, thence Northwesterlyalongsaidright-of-wayboundaryfor 100feet 10apointon theWestlineofsaidSection21,thenceSouthalongthe Section line for 440 feet to the POINT OF BEGINNlNO. ALSO. LESS AND EXCEPT; Thatpart ofthefollowingdescribedparcellyinginSection21.TownshipISouth.RangeI East,LeonCounty,Florida. Commencingataconcretemonument marlcingtheSoutheastcornerofSection21,TownshipISouth.RangeI East,LeonCounty. Florida.thencerunNorth00degrees 13minutes37secondsEast937.73feet to a nail and cap markingthe centerlineof the 66 foot right-of-wayofTram Road(CountyRoadNo.259);thencerunNorth76 degrees58 minutes41 secondsWeslalongsaidcenterline 642.68 feet to a nail and capmarkingtheintersectionof theTramRoadConnector(a 120footright-of-way) andthe centerlineof saidTramRoad;thencerunNorth13degrees01 minutes 22 secondsEast alongthecenterlineofsaidTramRoadConnector86.22 feettoanail and capmarlcingapointofcurve totheright,thencealongsaidcurvewitlla ,radiusof750.00feetthroughacentral angleof23degrees16 minutes 48 secondsforsnarelengthof304.74feet(chordof302.64feet bears North24 degrees39minutes 46 seconds East) to a nail andcap, thenceNorth36degrees18minutes10secondsEast873.23feet to a nail andcapmarkingapoint ofcurve to theleft,thencealongsaidcurvewitharadiusof750.00 feet througha centralangleof16degr_01minutes06seconds for an arc length of209.68feet(chord of 209.00feet bears North28 degr_ 17minutes37secondsEast)toa nailandcap.thence North 20 degrees 17 minutes04 seconds East 1027.50feet to a nail andcapmarkingapoint ofcurveto thelett.thencealongsaid curvewitharadiusof 1228.00feetthroughacentralangleof 18desrees21 minutel41secondsforanarclengthof 393.53 feet (( (chord of 391.85feet bears NorthIIdegrees06 minUtel 13secondsEast)toa nailandcap,thenceNorth01 degrees55minutel23 secondsEast381.73feettoanailandcap,thenceleavingsaidcenterlinerunNorth88degrees04 minUtel 37secondsWest60.00 feet to the westerlyright of wayofTram RoadConnectorforthePOINTOF BEGINNING. FromsaidPOINTOF BEGINNING run South01degrees55 minutel23secondsWest199.99feettoapointofcurvetotheright,thence alongsaidcurvewitha radiusof 30.00 feetthroughacentralangle of90degrees 00minutel30secondsforanarclengthof47.13feet (chordof42.43feet bears South46degrees55 minutes 38secondsWest)toapointonthenortherlyrightofwayof ShumardOaksBoulevard(a 140footright ofway),thencealongsaidroadwayasfollows: North88desrees04 minutes07seconds West297.19feettoasetironrebar and cap markinga pointofcurvetotheright,thencealongsaidcurvewitharadiusof 1153.00feetthroughacentralangleof23degrees25 minutes 16secondsforanarclengthof471.32feet(chordof468.04feetbears North76desrees21 minutes 29seconds West)toa set iron rebas and cap masking a point of reversecurve, thence alongsaidcurvewitha radius of806.67feetthroughacentralangle of 21degrees29minutes44secondsforanarclengthof302.64feet(chordof 300.87 feetbears North75degrees23 minutes 43 secondsWest)toaconcretemonument,thenceNorth4Sdegrees 02 minutes49seconds West16.88feettoaconcretemonumenton theeasterlyrightof wayofSatelliteBoulevard,thencerunNorth12degrees57 minutes04secondaEast425.57feettoaconcrete monument,thenceNorth06degrees56minutes31secondsEast313.58feet to aconcretemonument, thence North00 degrees03 minutes25secondsWeat403.16feettoaconcretemonument,thenceNorth03 degrees44minutes41secondsEast288.47 feet to an iron rod andcap, thenceNorthII degrees09minutes38secondsEast286.37feettoaconcretemonument, thenceNorth16 degrees57 minutes18second.East242.82feet toapointonthesoutherlyrightofwayofa propoaed roadway (65footrightof way);thencerunSouth73degrees00minutes38secondsEastalong.ald southerlyrightofway412.87 feet to apointofcurve to theleft havingaradlu.of1560.50feet; thencerunEasterlyalongsaidcurvethroughacentralangleof13degrees47minutes34 secondsfor anarc'lengthof375.66 feet (chordof374.75feet bears South79 degrees54minutel25 secondsEast)to asetironrebar, thenceSouth86degrees48minutes12secondsEast 126.21feettoasetironrebaundary ofTramRoad(County Rold259• 66' Right-of·way); thenceNorth76degrees55minutes58secondsWest, a100gsaid northerlyright-of·wayboundary,adistanceof695.14feettothewesterlyright-of-way boundaryofTramConnector(proposed120' Right-of.way);thencealongsaidwesterlyright-of·wayboundaryas follows: North13degreea 04 minutes02 secondsEasta distanceof53.58feet toapointofcurvetotheright;thence NortheasterlY,alongsaidcurve,onaradiusof810.00feet, througha cenlralangleof23 degrees16minutes48seconds,anarcdistanceof329.11 feet(cbordof326.86feet bears North24degrees42 minutes26 secondsEast)toapointoftangency;thenceNorth36degrees20minutes50secondsEastadistance of908.41 feettoa pointofcurvetoleft;l/!