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Agenda Item 8H AGENDA ITEM # 8H FEBRUARY 11 , 2013 CITY OF ATLANTIC BEACH CITY COMMISSION MEETING STAFF REPORT AGENDA ITEM: Donation of Property to Expand River Branch Preserve SUBMITTED BY: Jim Hanson, City Mana C - • DATE : February 5 , 2013 STRATEGIC PLAN LINK: Goal # 12 — Marsh Master Plan Improvements BACKGROUND: The River Branch Foundation (the Foundation) wishes to provide funding to the City of Atlantic Beach to purchase an 8 .02 acre tract of property located on the south side of Dutton Island Road. The Foundation provided funding in 2009 to purchase approximately 350 acres for the initial land that made up the River Branch Preserve and, in 2012, for an 11 . 84 acre parcel located on the north side of Dutton Island Road. The Foundation has the same goal in the purchase of all three parcels : to protect and preserve the property in its natural state and provide for limited public use. A conservation easement on the property will be held by the Public Trust Environmental Law Institute, which is the same organization that holds the conservation easement on the property directly to the north. The addition of this new property essentially amounts to the "missing piece of the puzzle" in the River Branch Preserve because it is completely surrounded by other city-owned preserves. Dutton Isle. is located directly on the west side of this new property and the River Branch Preserve boarders on the north, east and south sides. Development on this last tract would severely distract from the pristine natural environment that makes the Dutton Island and River Branch Preserves so valuable. BUDGET: The River Branch Foundation plans to make a contribution to the City of Atlantic Beach in the amount of the $97,000 purchase price along with a 6% broker' s commission as referenced in the attached Contract for Sale and Purchase. We do not anticipate any development or maintenance costs related this property. There are no enhancements for public use that are proposed for this property in the recently approved Marsh Master Plan. RECOMMENDATION: Authorize the Mayor to sign all the necessary closing documents and request that a budget amendment be prepared to provide accounts for the revenues and expenses related to the purchase of this property. AGENDA ITEM # 8H FEBRUARY 11 , 2013 ATTACHMENTS: ( 1 ) Press Announcement from the River Branch Foundation (2) Contract for Sale and Purchase (3 ) A Tax Location Map 1 ., f C A ° BRANCH AGENDA ITEM # 8H FO UN D AT 1 O FEBRUARY I I , 2013 Jacksonville Beach, FL, February 4 , 2013 The River Branch Foundation of Jacksonville Beach, Florida is pleased to announce a grant offer to the City of Atlantic Beach to be used for the purchase of an 8 . 02 acre tract at the entry of Dutton Island Preserve, in continuation of the foundation' s mission of assisting in northeast Florida wilderness preservation. The Public Trust Environmental Legal Institute of Jacksonville Beach has agreed to hold the conservation easement on the property , which will be deeded to the City of Atlantic Beach. In 2009 , River Branch partnered with Public Trust Environmental Legal Institute , the City of Atlantic Beach, and the North Florida Land Trust in the purchase for conservation of the Buckman-Pritchard 350 acre tract on the Intracoastal Waterway, now known as the River Branch Preserve . In 2012 , an additional grant was given to the City for an 11 . 84 acre tract in the Dutton Island Preserve, on which Public Trust also holds the conservation easement. For more than 40 years , the River Branch Foundation has been actively working to improve the quality of life in the northeast Florida area through support of local nonprofit organizations . In recent years, its focus has become environmental. support and wilderness land preservation . For information contact: jleroux@riverbranchfoundation .org 1. 77 Fourth A \'eato Not Lk .Ja fc �, o {, r iI1c ' , acl . 1 "" 1c; ri a 37150 AGENDA ITEM#8H FEBRUARY 11,2013 L I - I m 4 I V. ' -12IIHII1IL[ man lak �� .rf-_ DUTTON ISLA Q m BIN _ I 10'1 )' A i SiEWAR 1St d � m Subject I"-/I �, '',L 5 PARADISE Ct RCsTNER RD -I -• \1 tr irm 1711112.11.:11.12.1-regilli.-4-7 IF NNW ME 1 i '- - frp_i fit 4t .... *uI4ai!I!n � .. .,, f, , , '11HS1 W. ( p i �IM M. - cemmmicl�icM.l.rmonvm.sl , a.. 01 1914 I I - TAX LOCATION MAP MOODY APPRAISAL 12 AGENDA ITEM # 8H FEBRUARY 11 , 2013 CONTRACT FOR SALE AND PURCHASE THIS AGREEMENT, dated as of January 31 , 2013 (the " Effective Date") , is by and between LARRY W. PARKS (" Seller") and RIVER BRANCH FOUNDATION , , a Florida not-for-profit foundation (" Buyer") . AGREEMENT In consideration of the mutual covenants and agreements herein contained , Seller agrees to sell and Buyer agrees to buy the Property (as hereafter defined ) , on the terms and conditions set forth below. 1 . Definitions . The following terms shall have the following meanings : (a) " Broker" shall mean Realty Masters , Inc. , whose address is 2500 Blanding Blvd . , Suite 300 , Middleburg , FL 32068 . (b) " Buyer' s Notice Address" shall mean 177 4th Avenue North , Jacksonville Beach , Florida 32250 with a copy to Kenneth M . Keefe, Jr. , McGuireWoods LLP , 50 North Laura Street, Suite 3300 , Jacksonville , Florida . 32202 . (c) "Closing Date" shall mean the date provided for in paragraph 6 hereof. (d) "Deposit" shall mean the sum of $5 , 000 . 00 to be deposited pursuant to paragraph 2 hereof and any further deposits to be made hereunder. (e) " Escrow Agent" shall mean McGuireWoods LLP , 50 North Laura Street , Suite 3300 , Jacksonville , Florida 32202 (Attn : Kenneth M . Keefe) . (f) " Inspection Period " shall mean the period of time set forth in paragraph 7 during which Buyer may inspect the Property . 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 (g ) " Permitted Exceptions" shall mean taxes for the current year that are not yet due and payable . (h) " Personal Property" shall mean NONE . (i) " Property" shall mean that parcel of land located in City of Atlantic Beach , Florida containing approximately 8 . 02 acres and described on Exhibit A attached hereto . (j) " Purchase Price" shall mean $97 , 000 . 00 . (k) "Seller's Notice Address" shall mean 5348 Timuquana Rd . , Jacksonville , FL 32210 , with a copy to John November, 647 Beach Ave , Atlantic Beach , FL 32233-5325 . 2 . Purchase Price and Method of Payment. The Purchase Price of the Property is payable as follows : (a) A deposit in the amount set forth , receipt of which is hereby acknow- edged by Escrow Agent (as defined below) . $5 , 000 . 00 (b) Cash (in addition to deposit) on closing and delivery of deed (or such greater or lesser amount as may be necessary to complete payment of purchase price after credits and adjustments) . $ 92 , 000 . 00 TOTAL PURCHASE PRICE 97 , 000 . 00 3 . Expenses . Expenses shall be paid as follows (B means Buyer and S means Seller) : S Deed Stamps S Recording Costs for Discharging Liens B Real Estate Commission and Recording Deed and Easement S Attorneys' Fees (Seller) 2 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 B Attorneys' Fees (Buyer) S Title Insurance (Fee) S Survey 4 . Title Information and Examination . (a) Seller will , at Seller' s cost and expense , purchase and deliver to Buyer within thirty (30) days after the date of this agreement the Fee Title Binder. Seller will , within the same period , furnish to Buyer a boundary survey of the Property . Buyer shall have twenty (20) days after receipt of such title and survey evidence within which to examine the same and if any defects in the title are found , to notify Seller in writing . Such notice shall specify the objections to title and Seller shall have thirty (30) days after receipt of such notice within which to cure the objections so specified . Upon failure of Seller to cure such defects , the deposit shall at the option of Buyer be returned to Buyer o n demand and all rights and responsibilities arising hereunder shall terminate , or Buyer may at his option close this transaction in the same manner as if no defects had been found . (b) The term " Fee Title Binder" shall be deemed to mean a commitment for title insurance to be issued to Buyer or its assignee upon delivery and recording of the deed by title insurance company authorized to do business in Florida and generally acceptable to attorneys in the locality , agreeing to insure the fee simple title to the Property in Buyer for the full amount of the purchase price at standard premium and without exception except for the items set forth below . (c) An acceptable survey is a map of a stake survey prepared by a land surveyor registered under laws of Florida showing no encroachments or easements o n the land herein described , and showing that the improvements located on the land do n ot encroach on the land or easements of others , and do not violate any building 3 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 restriction or set- back lines . Such survey shall be certified to a date subsequent to the date of this agreement, and be certified to Buyer, the title company issuing the Fee Title Binder and the City of Atlantic Beach . 5 . Representations and Warranties of Seller. Seller hereby represents and warrants as of the date hereof, and will affirm as of the date of Closing , as follows : 5 . 1 Seller has the right, power and authority to (a) sell the Property to Buyer in accordance with the terms and conditions of in this Agreement , (b) execute and deliver this Agreement and all other documents to be executed and delivered in connection with the transaction contemplated herein , and (c) perform all obligations of Seller that arise under this Agreement or under such documents . 5 . 2 Seller is the sole owner of fee simple title to all of the Property (subject to the title exceptions (if any) waived by Buyer pursuant to paragraph 4 hereof) . Seller has granted no outstanding options to purchase or rights of first refusal with respect to all or any part of the Property and has entered into no outstanding contracts with others for the sale , mortgage , pledge , hypothecation , assignment, lease or other transfer of all or any part of the Property . 5 . 3 Seller has paid , or will pay at or prior to Closing , all taxes , assessments , charges , fees , levies and impositions relating to the Property coming due prior to the Closing . 5 .4 Seller has not received notice of condemnation of all or any part of the Property , notice of any assessment for public improvements , or notices with respect to any zoning ordinance or other law , order, regulation or requirement relating to the use or ownership of such lands and there exists no violation of any such governmental law , order, regulation or requirement. 5 . 5 Seller is not indebted to the federal government or any other public authorities for delinquent taxes , assessments or other charges of any nature for 4 45038766_1 AGENDA ITEM II 8H FEBRUARY 11 , 2013 which a lien has been or could be asserted against the Property or the Buyer, or affect Buyer' s interest in and to the Property , and which will not be fully paid and discharged or released at or prior to Closing . 5 . 6 There are no leases , written or oral , affecting the Property or any agreements entered into between Buyer or its affiliates and third parties . 5 . 7 There is no litigation pending or threatened , which in any manner affects the Property . 5 . 8 The Property does not constitute or form a part of the homestead , constitutional or otherwise , of Seller, nor does the Seller reside on any part of the Property . 5 . 9 To the knowledge of Seller, there exists no facts or conditions on the Property which would constitute a breach or violation of any law, rule or regulation governing the Property (such as environmental , health and safety laws) . 5 . 10 The representations and warranties made hereunder will survive the Closing for a period of one ( 1 ) year. Seller agrees to indemnify and hold Buyer harmless from and against all demands , claims , actions , causes of action , assessments , expenses , costs , damages , losses , and liabilities (including reasonable attorneys' fees and costs) that arise or accrue within such one ( 1 ) year period , and which are incurred by reason of the breach of any of the warranties and representations made herein . 5 . 11 Between the Effective Date and the date of Closing , Seller agrees that , without Buyer's written consent: (i) Seller shall not enter into any new leases or tenancies with respect to the Property ; (ii) Seller shall not grant or permit any new encumbrances on or about the Property ; (iii) Seller shall not alter the present state of the Property ; and (iv) Seller shall not undertake or omit to undertake any other act which might have a material , adverse effect on the Property . 5 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 6 . Conveyance and Closing . (a) Seller agrees to convey title to the Property to Buyer (or its expected assignee , the City of Atlantic Beach) by good and sufficient warranty deed free and clear of all liens or encumbrances except the Permitted Exceptions . If the City of Atlantic Beach refuses the accept an assignment of this Agreement, Buyer may by notice to Seller given before the Closing Date terminate this Agreement , and in that event the Deposit shall be refunded to Buyer. (b) Subject to the curative period above provided for, or the possible extension of the Inspection Period , this sale shall be closed and the deed shall be delivered on or before April 30 , 2013 . Seller and Buyer shall each execute and deliver such documents at the closing as are customarily needed . Seller agrees to deliver possession of the Property to Buyer at the time of closing . 7 Inspection and Property Condition . Seller shall deliver and make available to Buyer without cost to Buyer, promptly after the execution hereof, copies of all studies , surveys , analyses , easements , restrictions , agreements , soil tests , signage agreements , leases and other information and data in Seller' s files pertaining to the condition , use , occupancy and characteristics of the Property . Buyer may , for the sixty (60) day period following the date hereof (the " Inspection Period" , which term shall include the additional days if Buyer elects to extend the Inspection Period as provided below) . In addition , Buyer may undertake its own analysis and evaluation of the Property and may make such physical inspection of the Property and conduct such engineering , soil testing , market , feasibility , and utility availability studies , analyses and evaluations as deemed necessary or desirable by Buyer. Seller shall give Buyer and its agents , employees , representatives and consultants access to the Property and to its records for such purposes . Buyer may , in its sole discretion , determine , at any time within the Inspection Period that it does not wish to proceed with the transactions contemplated by 6 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 this Agreement and , thereupon , the Deposit shall be returned to Buyer and all rights of the parties hereunder shall terminate . Buyer shall at its sole discretion the right to extend the Inspection Period by an additional 120 days ; if Buyer desires so to do , Buyer shall deliver written notice of its election to extend to Seller and Escrow Agent during the Inspection Period . Upon giving the notice , the Inspection Period shall be a period of 180 days, and the Closing Date shall in that event be twenty days after the end of the Inspection Period . If Buyer determines that it does not wish to proceed with the transactions contemplated by this Agreement , it shall deliver written notice (the "Notice") thereof to Seller and Escrow Agent during the Inspection Period . The failure to give the Notice during the Inspection Period shall be deemed conclusive evidence that Buyer does wish to proceed with the transactions contemplated by this Agreement. If Buyer gives the Notice , Escrow Agent shall , within ten ( 10) days after the expiration of Inspection Period , return the Deposit to Buyer. Buyer hereby agrees to defend , indemnify and hold Seller harmless against any claims , costs , damages , or liability arising out of Buyer's inspection of the Property , including costs and reasonable attorney' s fees at both trial and appellate levels . Buyer hereby agrees to defend , indemnify and hold Seller harmless from and against all liens on the Property filed by contractors , materialmen , or laborers performing work and tests for Buyer. If this sale does not close , Buyer shall restore the Property to its original condition , and Buyer' s obligation under this paragraph shall survive Closing or the sooner expiration or termination of this Agreement. If Buyer purchases the Property in accordance with this Agreement , it is expressly understood and agreed that such purchase will be in the Property' s present AS IS , WHERE IS condition at the Closing Date without any representation or warranty , express or implied , except those expressly set forth herein . 7 45038766_1 AGENDA HEM # 8H FEBRUARY 11 , 2013 8 Default by Buyer. If Buyer fails to perform this Agreement within the time specified , time being of the essence of this agreement , this Agreement may , at the option of Seller, be terminated . In that event the Deposit shall be retained by or for the account of Seller as consideration for the execution of this agreement and in full settlement of any claims for damages . Buyer and Seller shall thereafter be relieved of all further obligations under this contract. Seller does hereby waive all other remedies at law or in equity . 9 Default by Seller. If Seller refuses to perform this agreement the deposit shall be returned to Buyer on demand , or Buyer may sue for specific performance . All other remedies are waived . 10 Destruction of Premises . If the Property is damaged by fire or other casualty before the delivery of the deed , and can be restored to substantially the same condition as existed as the date of the Casualty within a period of sixty (60) days thereafter, Seller shall so restore the improvements and the closing date and date of delivery of possession shall be extended accordingly ; however, if such restoration cannot be completed within that period of time , this contract, at the option of Buyer, shall be null and void , and the aforesaid deposit shall be returned to the Buyer. If Buyer elects to purchase , he shall be entitled to the benefits of any insurance on the Property . 11 . Other Agreements . No agreements or representations shall be binding upon any of the parties unless incorporated in this contract . 12 Persons Bound . The covenants herein contained shall bind , and the benefits and advantages shall inure to , the respective heirs , executors , administrators , successors , and assigns of the parties hereto . Whenever used , the singular number shall include the plural , the plural the singular, and the use of any gender shall include all genders . Buyer shall have the right to assign his interests hereunder to the City of 8 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 Atlantic Beach , Florida , and upon making such assignment, Buyer shall be relieved of all obligations hereunder. 13 Prorations . Taxes , rents , insurance premiums and interest shall be prorated as of the date for delivery of deed unless otherwise specified . The cash payment shall be increased or decreased as may be required by the prorations of such items . If the amount of taxes for the current year cannot be ascertained , rates , millages , and assessed valuations of the previous year, with known changes , shall be used , due allowance being made for homestead or other exemptions if allowed for either year. However, tax prorations based on an estimate may subsequently be readjusted where so agreed in the closing statement. If part of the purchase price is paid by the assumption of a mortgage requiring deposit of funds for payment of taxes , insurance or other charges , Buyer shall reimburse Seller for any deposits assigned to Buyer at closing . 14 Brokerage . Buyer agrees to pay to Broker, and Broker agrees to accept as commission for his services in making sale of the Property , a sum equal to six percent (6 %) of the Purchase Price at the time of closing this transaction by the delivery of deed as aforesaid . Buyer will pay a $275 document fee at closing . In the event Buyer fails to perform and the deposit aforesaid is retained , the amount of such deposit shall be applied first in payment of the cost of title evidence incurred by Seller and Broker, or either of them , and the balance shall be divided equally between Broker and Seller; provided , however, that the amount to be retained or received by Broker shall not exceed the full amount of his commission , and any excess shall be paid to Seller . If the transaction shall not be closed because of refusal of Seller to perform , then Seller shall pay the commission in full to Broker on demand . 15 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 9 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 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 your county public health unit. This disclosure is required by Florida law to be contained in all contracts for sale or lease of buildings . 16 Easement. At the closing , Seller shall for no additional consideration execute and deliver to Buyer or its designee the Conservation Agreement (the " Easement Agreement") substantially in the form attached as Exhibit B , and the deed of conveyance to Buyer or its assignee shall expressly be made subject to the terms and conditions of the Easement Agreement . Prior to the execution of the Easement Agreement, Seller understands some terms and conditions of the Easement Agreement may be changed , and Seller agrees not to object thereto provided Seller' s liability with respect to the Property is not materially altered from any that it may have under the Easement Agreement in its present form . 17 Escrow Provisions . Escrow Agent joins in the execution hereof for the sole purpose of confirming its agreement to the provisions set forth herein that are applicable to it . The Deposit shall be deposited by the Escrow Agent in a non-interest bearing deposit account at Bank of America and the proceeds held and disbursed in accordance with the terms of this Agreement . In the event of any dispute or doubt as to the genuineness of any document or signature , or uncertainty as to Escrow Agent's duties , then Escrow Agent shall have the right either to continue to hold the Deposit in escrow or to pay the Deposit into court pursuant to relevant statute or rule of court. The parties agree jointly to defend (by attorneys selected by Escrow Agent) , indemnify and hold harmless Escrow Agent against and from any claim , judgment , loss , liability , cost or expense resulting from any dispute or litigation arising out of or 10 45038766_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 concerning Escrow Agent' s duties or services hereunder. This indemnity includes , without limitation , disbursements and reasonable attorneys' fees either paid to retain attorneys or representing the fair value of legal services rendered by Escrow Agent to itself. Escrow Agent shall not be liable for any error in judgment or for any act done or step taken or omitted in good faith , or for any mistake of fact or law, except for Escrow Agent's own gross negligence or willful misconduct . Seller and Purchaser acknowledge and agree that (a) the amount of the Deposit may exceed the amount of FDIC insurance coverage applicable to the Deposit in the deposit account in which the Deposit is deposited , (b) Escrow Agent has deposited the Deposit in the deposit account at the direction of Seller and Purchaser and has not exercised (and does not have) investment discretion over the Deposit , and (c) the Escrow Agent shall have no liability to Seller, Purchaser, or any other person or entity in the event of any diminution in value of, or failure of the bank in which the Deposit is deposited to pay , any deposit account in which the Deposit or any part thereof is deposited at any time . The parties acknowledge that Escrow Agent is merely a stakeholder. Upon payment of the Deposit pursuant to the terms hereof, Escrow Agent shall be fully released from all liability and obligations with respect to the Deposit. It is acknowledged that Escrow Agent is the attorney for Buyer and that Escrow Agent shall be entitled to represent such party in any lawsuit. Escrow Agent shall serve without separate compensation . 18 Time for Acceptance . If this agreement is not executed and delivered by all parties hereto on or before five (5) days after the date hereof, the aforesaid deposit shall , at the option of Buyer, be returned to him and this Agreement shall be null and void . 11 45038766_1 JHal-3i -c'frJ'l :5 l99t bJ' t1.tirt : rir vr.ifa we ✓;,1 C,A AGENDA ITEM # 8H FEBRUARY 11 , 2013 Uay . 289. 2013 02 : 46 Pit •366 ItODI! COMO / 72 5! 6 5124 MG.t . 11 , IN WYNRq MME* V* pedis Iwo varatal Oft asitostfiwil $ es N Mato towitanSs • my. day � yaw Snit shoo **les. • H ,� ,i 0 41F" Aot?t*d n hi lent Marls _m I ' % . ! • .. a 1 , 12 11 ,E ... .. • .. • .. nr.+ .. Oeapn h AGENDA ITEM # 8H FEBRUARY 11 , 2013 IN WITNESS WHEREOF, the parties have executed this agreement in one or more counterparts as of the day and year first above written . Larry W. Parks RIVER BRANCH FOUNDATION By: Jennifer U . Johnson , Its Director Accepted as to Escrow Agent McGuireWoods LLP By C (4 //i3 12 45038766_1 . AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT A LEGAL DESCRIPTION AS PROVIDED BEGIN AT THE SOUTHWEST CORNER OF LOT 1 OF SECTION 18. TOWNSHIP 2 SOUTH , RANGE 29 EAST. RUNNING NORTH 1 ,000 FEET; THENCE EAST 500 FEET; THENCE SOUTH 1 ,000 FEET; THENCE WEST 300 FEET, TO THE PLACE OF BEGINNING ( ALL COURSES BEING MORE OR LESS) CONTAINING 9 1 /2 ACRES MORE OR LESS, AS RECORDED IN DEED BOOK 4167, PACE 809 OF THE PUBLIC RECOROS OF DUVAL COUNTY, FLORIDA. NEW LEGAL DESCRIPTION COMMENCE AT THE NORTHEAST CORNER OF SECTION 18, TOWNSHIP 2 SOUTH , RANGE 29 EAST, IN DUVAL COUNTY, FLORIDA: THENCE ALONG THE NORTHERLY LINE OF SECTION 18, A BEARING OF NORTH 90'OQ'00" WEST, AND A DISTANCE OF 2396. 97 FEET TO THE NORTHWEST CORNER OF GOVERNMENT LOT 1 ; THENCE ALONG THE WESTERLY LINE OF GOVERNMENT LOT 1 , A BEARING OF SOUTH 17100'00" WEST, A DISTANCE OF 782. 00 FEET TO THE POINT OF BEGINNING; THENCE CONTINUE ALONG THE WESTERLY LINE OF GOVENMENT LOT 1 , A BEARING OF SOUTH 17'00'00" WEST, A DISTANCE OF 1000.00 FEET TO THE SOUTHWEST CORNER OF GOVERNMENT LOT It THENCE ALONG THE MOST SOUTHERLY UNE OF GOVERNMENT LOT 1, A BEARING OF SOUTH 71 '00'00" EAST, A DISTANCE OF 264.00 FEET; THENCE NORTH 27'O0'00" EAST, A DISTANCE OF 1000. 00 FEET; THENCE NORTH 69'48' 25" WEST, A DISTANCE OF 438. 17 FEET TO THE POINT OF BEGINNING. SAID PARCEL CONTAINING 8.02 ACRES PLUS OF MINUS. B- 1 45038766_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE FEBRUARY 11 , 2013 RECORD AND RETURN TO : The Public Trust Environmental Legal Institute of Florida, Inc . Attn: Andrew Miller 2029 North Third Street Jacksonville Beach, FL 32250 CONSERVATION EASEMENT THIS INDENTURE (this "Conservation Easement") is made this day of , 2013 , between LARRY PARKS (the "Grantor") , whose address is 5348 Timuquana Rd . , Jacksonville, FL 32210, and THE PUBLIC TRUST ENVIRONMENTAL LEGAL INSTITUTE OF FLORIDA, INC. , a Florida nonprofit corporation with address 2029 North Third Street, Jacksonville Beach, FL 32250 , its successors and assigns (the "Holder") . WHEREAS , the Grantor is the owner in fee simple of certain real property located in Duval County, Florida which provides significant natural habitat for a variety of wildlife, fish, and plants ; and has natural, aesthetic, scientific, educational, and ecological value in its present natural state; and which property is described in Exhibit A attached hereto and by this reference incorporated herein (the "Protected Property") ; and WHEREAS , the Holder hereby represents that it is a "qualified organization" as defined by Section 170(h)(3 ) of the Internal Revenue Code of 1986, as amended and the regulations thereunder (the "Code") ; and WHEREAS , the Holder hereby represents that it is a charitable corporation whose purposes include protecting natural, scenic or open space values of real property , assuring its availability for open space use, protecting natural resources, maintaining or enhancing water quality and is qualified to acquire conservation easements under Section 704 . 06 , Florida Statutes ; and WHEREAS , the Holder is a tax exempt public charity under Section 501 (c)(3 ) of the Code, and the Holder' s primary purpose is to preserve natural areas and special places in North Florida; and WHEREAS , the Protected Property qualifies as "a relatively natural habitat of fish, wildlife, or plants, or similar ecosystems," as that phrase is used in Section 170(h)(4)(a)(ii) of the Code, for many of the following attributes : The Protected Property consists of 8 . 02 acres, including wetlands, which is along the Intracoastal Waterway and has ecological importance, provides natural habitat for flora and fauna, and is a portion of a long, relatively undeveloped riparian corridor along the Intracoastal Waterway that provides important benefits for wildlife . 1 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE WHEREAS , the Protected Property qualifies as "natural habitat" as that phrase is used in Section 170(h)(4)(a)(ii) of the Code the preservation of which natural habitat is for (i) the scenic enjoyment of the general public, (ii) is pursuant to clearly delineated Federal, state, and local governmental policies and (iii) will yield significant public benefit; and WHEREAS , the Protected Property is located in an area of increasing development and the development of the Protected Property in excess of that allowed in this Conservation Easement would significantly impair the habitat it contains and the ability of such habitat to support the species and ecological communities present there ; and WHEREAS , this Conservation Easement would prevent forestry practices harmful to the ecology, habitats, and wildlife of the Protected Property ; and WHEREAS , the Protected Property possesses significant wildlife, fish, and plant natural habitat, and significant scenic values, all as described above (collectively, the "Conservation Values"), which Conservation Values are of great importance to the Grantor and Holder; and WHEREAS, the Conservation Values are further documented in the Baseline Documentation report for the Protected Property, dated [ ] , and incorporated herein by this reference (the "Report"), completed by [Mark Middlebrook] and provided to the Grantor and signed by the Grantor, a copy of which Report is on file with both the Grantor and the Holder, and which Report establishes the condition of the Protected Property at the time of the gift as provided in Treasury Regulation Section 1 . 170A- 14(g)(5 ) ; and WHEREAS , the parties intend hereby to comply with Section 704 . 06 of the Florida Statutes which permits the creation of conservation easements for the purposes of, inter alia, retaining land or water areas predominantly in their natural, scenic, open or wooded condition or as suitable habitat for fish, plants, or wildlife; and WHEREAS , the Grantor and the Holder have the common purpose of protecting the Conservation Values by placing voluntary restrictions upon the use of the Protected Property and by providing for the transfer from the Grantor to the Holder of affirmative rights for the protection of the Protected Property . NOW, THEREFORE, the Grantor, as an absolute gift, with no monetary consideration, and in consideration, which is hereby acknowledged, of the covenants, mutual agreements, conditions, and promises herein contained, does hereby freely give, grant, bargain, sell, and convey unto the Holder, its successors and assigns, forever, a conservation easement as defined in Section 704 . 06 of the Florida Statutes (without intending that the existence of this Conservation Easement be dependent on the continuing existence of such laws), in perpetuity, over the Protected Property, of the nature and character and to the extent hereinafter set forth. A. PURPOSE The purpose of this Conservation Easement is to forever conserve the Protected Property for the following conservation purposes (collectively, the "Purpose") : 2 45049127_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALI4, FEBRUARY 11 , 2013 To protect in perpetuity the significant natural habitat, the scenic values, and open space of the Protected Property for public benefit by retaining it forever in its predominantly natural and scenic condition; and To protect the native plants, animals, and plant and animal communities on the Protected Property including the rare and uncommon species present and their habitat; and To conserve the water quality, wetlands, and riparian values of the Protected Property ; and The Grantor and Holder intend that this Conservation Easement will confine the use of the Protected Property to activities that are consistent with the Purpose of this Conservation Easement, including but not limited to passive public recreation, and will prohibit or prevent any use of the Protected Property in excess of that allowed by this Conservation Easement that would significantly impair or interfere with the Conservation Values . B . AFFIRMATIVE RIGHTS OF THE HOLDER To accomplish the Purpose of this Conservation Easement, this Conservation Easement conveys the following rights to the Holder : 1 . Conservation Values . The right to preserve and protect the Conservation Values in perpetuity . 2 . Right of Entry . The right of the Holder' s officers, employees, and/or designated agents, including student volunteers, to enter the Protected Property in a reasonable manner and at reasonable times for the following purposes : (a) to inspect the Protected Property to determine whether the Grantor is complying with the covenants and Purpose of this Conservation Easement at discretion of Holder with appropriate written notice to Grantor; provided, however, that except in cases where the Holder reasonably determines that immediate entry is required to prevent, terminate, or mitigate a violation of this Conservation Easement, the Holder shall give written notice to the Grantor no less than seven (7) days before entering the Protected Property, and the Holder shall not in any event unreasonably interfere with the Grantor' s use and quiet enjoyment of the Protected Property . (b) to enforce the terms of this Conservation Easement in accordance with the Holder' s remedies as set forth in Section E hereof; and (c) with written permission of Grantor, to make scientific and educational observations and studies and research projects and to monitor the condition of the rare plant and animal populations, plant communities, and natural habitats on the Protected Property ; and (d) with written permission of Grantor, the Holder, may from time to time, not to exceed two (2) times per year, conduct conservation-related events and/or tours 3 45049127_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE FEBRUARY 11 , 2013 for the purpose of education to further the mission of the Holder. For such events the Holder must obtain the same event permit(s) as is (are) required of others when holding events on other City of Atlantic Beach properties . 3 . Enforcement. The right to prevent any activity on, or use of, the Protected Property that is inconsistent with the Purpose of this Conservation Easement, and to require the restoration of such areas or features of the Protected Property that may be damaged by any inconsistent activity or use by the Grantor or by another with or without the authorization of Grantor, pursuant to Section E hereof. The Holder will review the baseline survey, monitoring reports, and other information about the Protected Property and decide whether any landowner actions have violated the terms of this Conservation Easement and, if required, recommend enforcement actions to Holder' s full board of directors . The Holder will review and be empowered to approve any ecological restoration plan, forestry management plan, or construction plan submitted by Grantor to Holder for approval . C . RESTRICTIONS AND RESERVED RIGHTS This Conservation Easement prohibits all of the following on the Protected Property : 1 . Construction or placing of buildings, roads, signs, billboards or other advertising, utilities, or other structures on or above the ground . 2 . Dumping or placing of soil or other substance or material as landfill or dumping or placing of trash, waste, or unsightly or offensive materials . 3 . Removal or destruction of trees, shrubs, or other vegetation except for invasive vegetation as described in Section 9, below, or except for the removal or destruction of trees or vegetation that pose a threat to life, property, or utility lines, and provided that the primary purpose of this removal is ecological restoration, that is, to foster the return of the Protected Property to a more natural or pristine condition. 4 . Excavation, dredging, or removal of loam, peat, gravel, soil, rock, or other material substance in such manner as to affect the surface . 5 . Surface use except for purposes that permit the land or water area to remain predominantly in its natural condition. 6 . Activities detrimental to drainage, flood control, water conservation, erosion control, soil conservation, or fish and wildlife habitat preservation. 7 . Acts or uses detrimental to such retention of land or water areas . 8 . Acts or uses detrimental to the preservation of the structural integrity or physical appearance of sites or properties of historical, architectural, archaeological, or cultural significance . 4 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE 9 . Planting or introduction of plant species on the Florida Exotic Pest Plant Council ' s List of Invasive Species or other plant species generally regarded as invasive exotic is prohibited. Grantor will use reasonable efforts to control invasive exotic species on the Protected Property . 10 . Commercial activity on the Protected Property is prohibited except for activities having negligible impact on the conservation values of the property such as the use of the property for commercial nature tours . All but de minimus commercial recreation activities are prohibited within the meaning of Section 2031 (c)(8)(B) of the Code . 11 . Any division, subdivision, or partition of the Protected Property is prohibited. 12 . Any industrial, ranching, or commercial agricultural use of the Protected Property beyond Section B . and D . , is prohibited. 13 . Use of herbicides, pesticides, and other hazardous chemicals on the Protected Property is prohibited except to control invasive exotic species, for road maintenance, for ecological restoration, or other use with written permission of Holder. 14 . Any other activity not described in Section B or Section D of this Conservation Easement. D . ADDITIONAL RESERVED RIGHTS OF GRANTOR The Grantor reserves to itself and its successors and assigns all rights accruing from its ownership of the Protected Property, including the right to engage in, and to permit or invite others to engage in, all uses of the Protected Property that are not expressly prohibited herein, provided such uses are not inconsistent with the Purpose of this Conservation Easement. The following additional rights are expressly reserved to the Grantor: 1 . Right to Sell . The right to sell, give, or otherwise convey or encumber the Protected Property, provided that any such conveyance or encumbrance shall be subject to the terms of this Conservation Easement. 2 . Public Access . Nothing contained herein should be construed as affording the general public physical access to any portion of the Protected Property ; however, Grantor, its successors and assigns, may from time to time permit public access by invitation for passive recreational use that is not inconsistent with the Purpose as expressed in Section A above . 3 . Maintenance . The Grantor may perform the following : maintain or improve existing roads, but the paving of roads with impervious surfaces or treating roads with substances that may result in pollution of water resources is prohibited ; repair, replace, or add structures associated with the construction of unpaved trails such as boardwalks, foot bridges, steps, and observation platforms ; 5 45049127_1 AGENDA ITEM # 811 FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE improve, repair, or replace stream crossing structures on existing or permitted roads such as bridges, culvert crossings, and hard bottom crossings, with the same type of structure ; and construct, repair, or replace erosion control structures, except that any erosion control measure placed on the banks of the Intracoastal Waterway/St. Johns River must be designed and constructed in a manner that does not detract from the scenic and substantially unbuilt character of the Protected Property . E. THE HOLDER' S REMEDIES 1 . Notice of Violation; Corrective Action. If the Holder determines that a violation of the terms of this Conservation Easement has occurred or is threatened, the Holder shall give written notice to the Grantor of such violation, and demand corrective action sufficient to cure such violation, and where the violation involves injury to the Protected Property resulting from any use or activity conducted by Grantor or by another with or without the authorization of Grantor, which is inconsistent with the Purpose of this Conservation Easement, to restore the Protected Property so injured to its condition before the violation occurred in accordance with a plan approved by Holder. 2 . Remedies . If the Grantor fails to cure any violation or threatened violation of this Conservation Easement, or cause such other corrective action to be taken as requested by the Holder within thirty (30) days after receipt of the written notice described in Paragraph 1 of this section (or, under circumstances where the requested corrective action cannot reasonably be completed within the thirty-day period, if the Grantor fails to make good faith efforts to initiate and pursue the requested corrective action within the thirty-day period) , the Holder shall be entitled to bring an action or actions at law or equity in a. court of competent jurisdiction in the county where the Protected Property is located, to do the following : (a) Enforce the terms of this Conservation Easement; and/or (b) Enjoin the violation by temporary or permanent injunction, as necessary and the Grantor waives any bond requirement otherwise applicable to any petition for such relief; and/or (c) Require the restoration of the Protected Property to its condition before the violation occurred ; and/or (d) Report to any regulatory authorities any environmental conditions, or any potential or actual violations of environmental laws ; and/or (e) Recover any damages arising from the violation. If such court determines that the Grantor has failed to comply with this Conservation Easement, the Grantor shall reimburse the Holder for any reasonable costs of enforcement, 6 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE including Holder' s staff time, court costs, and reasonable attorneys ' fees, in addition to any other payments ordered by such court. If Holder initiates litigation and the court determines that the Grantor has complied with all the terms of the Conservation Easement and that Holder initiated litigation in bad faith, then the Holder shall reimburse Grantor for any reasonable costs of defending such action, including court costs and reasonable attorneys ' fees . 3 . Forbearance . The Holder does not waive or forfeit the right to take action as may be necessary to insure compliance with this Conservation Easement by any prior failure to act, and the Grantor hereby waives any defense of laches, estoppel or prescription with respect to any delay by the Holder in acting to enforce any restriction or exercise any rights under this Conservation Easement. 4 . Acts Beyond the Grantor' s Control. Nothing herein shall be construed to entitle the Holder to institute any enforcement proceeding against the Grantor for any change to the Protected Property due to causes beyond the Grantor' s control, including, without limitation, change caused by fire, flood, storm, or the unauthorized wrongful acts of third persons . 5 . Scope of Relief. Holder' s rights under this Section E apply equally in the event of either actual or threatened violations of the terms of this Conservation Easement. Grantor agrees that Holder ' s remedies at law for any violation of the terms of this Conservation Easement are inadequate and that Holder shall be entitled to the injunctive relief described in Section E, Paragraph 2, both prohibitive and mandatory, in addition to such other relief to which Holder may be entitled, including specific performance of the terms of the Conservation Easement, without the necessity of proving either actual damages or the inadequacy of otherwise available legal remedies . Holder ' s remedies described in this Section E shall be cumulative and shall be in addition to all remedies now or hereafter existing at law or in equity . F . EXTINGUISHMENT 1 . Termination. If circumstances arise in the future that render the purpose of this Conservation Easement impossible to accomplish, this Conservation Easement can only be terminated or extinguished, whether in whole or in part, by judicial proceedings in a court of competent jurisdiction after notice to the original Grantor. The amount of the proceeds to which Holder shall be entitled, after the satisfaction of prior claims, from any sale, exchange, or involuntary conversion of all or any portion of the Protected Property subsequent to such termination or extinguishment, shall be the value of the Conservation Easement as determined in accordance with Section F, Paragraph 2 . 2 . Valuation. This Conservation Easement constitutes a real property interest immediately vested in Holder, which for the purposes of Section F, Paragraph 1 , the parties stipulate to have a fair market value equal to the gross sale proceeds or condemnation award multiplied by > /y, which is a ratio representing an amount equal to the ratio of the appraised value of this easement to the unrestricted fair market value of the Protected Property , as these values are determined on the date of the termination or extinguishment. For the purposes of this paragraph, the ratio of the 7 45049127_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE FEBRUARY 11 , 2013 value of the Conservation Easement to the value of the Protected Property unencumbered by the Conservation Easement shall remain constant. G. CONDEMNATION 1 . Condemnation. If all or any part of the Protected Property is taken by exercise of the power of eminent domain or acquired by purchase in lieu of condemnation, whether by public, corporate, or other authority, so as to terminate this Conservation Easement, in whole or in part, Grantor and Holder shall act jointly to recover the full value of the interests in the Protected Property subject to the taking or in lieu purchase and all direct or incidental damages resulting therefrom. All expenses reasonably incurred by Grantor and Holder in connection with the taking or in lieu purchase shall be paid out of the amount recovered. Holder' s share of the balance of the amount recovered shall be determined by multiplying that balance by the ratio set forth in Section F, Paragraph 2 . 2 . Application of Proceeds . Holder shall use any proceeds received under the circumstances described in this Section G in a manner consistent with its conservation purposes, which are exemplified by this grant. H . AMENDMENT If circumstances arise under which an amendment to or modification of this Conservation Easement would be appropriate, the Grantor and the Holder may by mutual written agreement jointly amend this Conservation Easement, provided that no such amendment shall be made that will adversely affect the status of Holder under any applicable laws, including Sections 170(h) and 501 (c)(3 ) of the Code . Any such amendment shall be consistent with the Purpose of this Conservation Easement, shall not affect its perpetual duration, and shall not result in any diminution of protection of the Conservation Values . Any such amendment shall be recorded in the official public records of Duval County, Florida. Nothing herein shall require the Holder to agree to any amendment. I . ASSIGNMENT 1 . Assignment Allowed. The Grantor and the Holder recognize and agree that the benefits and obligations of this Conservation Easement are in gross and assignable only in accordance with the terms of this section. 2 . Qualified Assignee . The benefits and obligations of this Conservation Easement shall only be assigned to an organization that is, at the time of the assignment, both (a) a "qualified organization" as that term is defined in Section 170(h) of the code and (b) authorized to acquire and hold conservation easements under Section 704 . 06 of the Florida Statutes or any successor provision then applicable. 3 . Terms of Assignment. The Holder shall require, as a condition of any assignment of the benefits and obligations of this Conservation Easement, that the assignee organization shall agree 8 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE to continue to carry out in perpetuity, under substantially the same terms as contained in this Conservation Easement, the Purpose of this Conservation Easement. 4 . Notice to the Grantor. The Holder agrees to give written notice to the Grantor of its intention to assign the benefits and obligations of this Conservation Easement at least sixty (60) days prior to the date of such assignment. The failure of the Holder to give such notice shall not affect the validity of such assignment, impair the validity of this Conservation Easement, or limit the enforceability of this Conservation Easement in any way. J. DISCRETIONARY CONSENT 1 . Notice and Approval. The Grantor shall notify the Holder before undertaking any activity in excess of those allowed by this Conservation Easement that may reasonably be expected to have a material adverse impact on the Conservation Values . Such notice shall be in writing and shall describe the proposed activity in sufficient detail to allow the Holder to judge the consistency of the proposed activity with the Purpose of this Conservation Easement. The Holder may permit such a proposed activity only if the Holder determines that such activity does not violate the Purpose of this Conservation Easement and either enhances or does not impair the Conservation Values . Notwithstanding the foregoing, the Holder and the Grantor have no right or power to agree to any activity on the Protected Property that is inconsistent with the Purpose of this Conservation Easement. 2 . Review Period. Whenever a consent or approval is required from either the Grantor or the Holder, the party seeking the consent or approval shall send a written request for such consent or approval to the other party as specified in Paragraph 8 of Section M hereof', and such other party shall respond to the request within thirty (30) business days of its receipt. In the event that the consenting or approving party fails to respond within the thirty (30) business day period, its consent or approval shall be implied, provided, however, that no consent or approval shall be implied for any activity on the Protected Property that is inconsistent with the Purpose of this Conservation Easement. K. THE GRANTORS ' REPRESENTATIONS AND WARRANTIES 1 . Title . The Grantor covenants, represents, and warrants the following : (a) That the Grantor is the sole owner and is lawfully seized of the Protected Property in fee simple and has good right to grant and convey this Conservation Easement; (b) That the Protected Property is free and clear of any and all encumbrances, including but not limited to a mortgage or mortgages covering all or any part of the Protected Property ; 9 45049127_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE FEBRUARY 11 , 2013 (c) That the Holder shall have the use of and enjoy all of the benefits derived from and arising out of this Conservation Easement; and (d) That there is no pending or threatened litigation in any way affecting, involving, or relating to the Protected Property . 2 . No Control of Protected Property by Holder. Nothing in this Conservation Easement shall be construed as giving rise, in the absence of a judicial decree, to any right or ability to Holder to exercise physical or managerial control over the day-to-day operations of the Protected Property, or any of Grantor' s activities on the Protected Property, or otherwise to become an operator with respect to the Protected Property within the meaning of The Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended ("CERCLA"), and any corresponding state statute . 3 . Federal, State and Local Laws. Grantor covenants, represents and warrants that the Protected Property shall at all times comply with the requirements of all Federal, State, and local laws, regulations, and requirements applicable to the Protected Property, and all regulations promulgated by any authorized body pursuant thereto . 4 . Environmental Representations. The Grantor covenants, represents, and warrants that, after investigation and to the best of their knowledge : (a) No substance defined, listed, or otherwise classified pursuant to any federal, state, or local law, regulation, or requirement as hazardous, toxic, polluting, or otherwise contaminating to the air, water, or soil, or in any way harmful or threatening to human health or the environment exists or has been released, generated, treated, stored, used, disposed of, deposited, abandoned, or transported in, on, from, or across the Protected Property ; (b) There are not now any underground storage tanks located on the Protected Property, whether presently in service or closed, abandoned, or decommissioned, and no underground storage tanks have been removed from the Protected Property in a manner not in compliance with applicable federal, state, and local laws, regulations, and requirements; and (c) If, at any time, there occurs, or has occurred, a release in, on, or about the Protected Property of any substance now or hereafter defined, listed, or otherwise classified pursuant to any federal, state, or local law, regulation, or requirement as hazardous, toxic, polluting, or otherwise contaminating to the air, water, or soil, or in any way harmful or threatening to human health or the environment, Grantor shall take all steps necessary to assure its containment and remediation, including any cleanup that may be required, unless the release was caused by Holder, in which case Holder shall be responsible . L . GENERAL PROVISIONS 1 . Costs . The Grantor retains all responsibilities and shall bear all costs and liabilities of any kind related to the ownership, operation, upkeep, and maintenance of the Protected Property, 10 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE including the maintenance of adequate comprehensive general liability insurance coverage . Grantor remains solely responsible for obtaining any applicable governmental permits and approvals for any construction or other activity or use permitted by this Conservation Easement, and all such construction or other activity or use shall be undertaken in accordance with all applicable federal, state, and local laws, regulations, and requirements. The Grantor shall keep the Protected Property free of any liens arising out of any work performed for, materials furnished to , or obligations incurred by the Grantor. 2 . No possessory Rights . Grantor acknowledges that Holder has neither possessory rights in the Protected Property, nor any responsibility to control, maintain, or keep up the Protected Property . Grantor shall retain all responsibilities and shall bear all costs and liabilities of any nature related to the ownership, operation, upkeep, improvement, and maintenance of the Protected Property . 3 . Taxes . If Grantor has an obligation to pay taxes, Grantor shall pay before delinquency all taxes, assessments, fees, and charges of whatever description levied on or assessed against the Protected Property by competent authority (collectively "taxes"), including any taxes imposed upon, or incurred as a result of, this Conservation Easement, and shall furnish Holder with satisfactory evidence of payment upon request. 4 . Subsequent Transfers. The Grantor agrees to incorporate the terms of this Conservation Easement by reference in any deed or other legal instrument by which it divests itself of either the fee simple title or possessory interest in all or a portion of the Protected Property . The Grantor also agrees to notify the Holder in writing of any such transfer. The failure of the Grantor to perform any act required by this paragraph shall not impair the validity of this Conservation Easement or limit its enforceability in any way . 5 . Successors . The covenants, terms, conditions, and restrictions of this Conservation Easement shall be binding upon and inure to the benefit of the parties hereto and their respective personal representatives, heirs, successors, and assigns and shall continue as a servitude running in perpetuity with the Protected Property . The terms "Grantor" and "Holder," wherever used herein, and any pronouns used in place thereof, shall include, respectively, the above-named Grantor and her personal representatives, heirs, successors, and assigns, and the above-named Holder and its successors and assigns. 6 . Merger. The Grantor and the Holder agree that the terms of this Conservation Easement shall survive any merger of the fee and easement interest in Protected Property . 7 . Notices . Any notice , demand, request, consent, approval, or communication that either party desires or is required to give to the other under the terms of this Conservation Easement shall be in writing and either served personally or sent by registered or certified mail, postage prepaid, to the following addresses, or such other address as either party may hereafter specify by written notice to the other : GRANTOR: 5348 Timuquana Rd. Jacksonville, Florida 32210 11 45049127_1 AGENDA ITEM # 8H EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE FEBRUARY 11 , 2013 HOLDER: The Public Trust Environmental Legal Institute of Florida, Inc . 2029 North Third Street Jacksonville Beach, FL 32250 8 . Annual Inspections . The Holder has the right to schedule annual inspections of the Protected Property to determine compliance with the terms of this Conservation Easement. In doing so, as long as Holder believes that the Grantor has not violated the terms of this Conservation Easement, the Grantor will be provided with no less than seven (7) days ' written notice of any such inspection, and the Grantor will have the right to accompany the Holder on such inspection trips . 9 . Re-recording . The Holder is authorized to record or file any notices or instruments appropriate to assuring the perpetual enforceability of this Conservation Easement in the official public records of Duval County, Florida, and the Grantor agrees to execute, acknowledge, and deliver such further instruments as may be reasonably required to assure the perpetual enforceability of this Conservation Easement. 10 . Severability. If any provision of this Conservation Easement or the application thereof to any person or circumstance is found to be invalid, the remainder of the provisions of this Conservation Easement and the application of such provisions to persons or circumstances other than those as to which it is found to be invalid shall not be affected thereby . 11 . Liberal Construction. Any general rule of construction to the contrary notwithstanding, this Conservation Easement shall be liberally construed in favor of the grant to affect the purpose of this Conservation Easement. If any provision in this instrument is found to be ambiguous, an interpretation consistent with the purpose of this Conservation Easement that would render the provision valid shall be favored over any interpretation that would render it invalid. 12 . Captions . The captions herein have been inserted solely for convenience of reference, are not a part of this Conservation Easement, and shall have no effect upon its construction or interpretation. 13 . Counterparts . This agreement may be executed in any number of counterparts, each of which shall be an original and all of which together shall constitute a single instrument. 14 . Transfer of Initial Grantor' s Interest. Larry W. Parks shall have the right to convey the Protected Property subject to the terms and conditions of this Conservation Easement. Larry W. Parks shall be fully, absolutely and unconditionally released from the performance of Larry W. Parks' obligations, duties and responsibilities arising subsequent to Larry W. Parks' conveyance of all his rights, title, and interests in the Protected Property . Larry W. Parks shall not be liable for any obligation hereunder arising after transfer of all his interest in the Protected Property, and subsequent to any such transfer, the Holder shall look solely and exclusively to the new fee simple owner of the Protected Property to perform all of the obligations, duties, liabilities, and responsibilities of Larry W. Parks hereunder . 12 45049127_1 AGENDA ITEM # 8H FEBRUARY 11 , 2013 EXHIBIT B TO CONTRACT FOR PURCHASE AND SALE 15 . State Action. This Conservation Easement does not obligate the City of Atlantic Beach to defend any action by the State of Florida to ownership of all or a portion of Protected Property . TO HAVE AND TO HOLD this Conservation Easement, together with all and singular the appurtenances and privileges belonging or in any way pertaining thereto, either in law or in equity, either in possession or expectancy, for the proper use and benefit of the Holder forever. IN WITNESS WHEREOF, the said Grantor has caused these presents to be executed on the day and year aforesaid. Signed, sealed and delivered in the presence of: Print: Larry W. Parks Print: STATE', OF FLORIDA COUNTY OF DUVAL The foregoing instrument was acknowledged before me this of , 2013 , by Larry W. Parks, a single man, who ( ) is personally known to me ; ( ) has produced a Driver' s License as identification; or ( ) has produced a as identification . Notary Signature (NOTARY S Fi;AL) Print Name : Notary Public, State and County Aforesaid My commission expires : 13 45049127_1