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Exhibit B
EXHIBIT B LEGAL DESCRIPTION OF PROJECT AREA INCLUDING WATSON ISLAND PROPERTY • DDRI Boundaries as of February 1, 2004 Begin at the intersection of the centerline of N.W. Fifth Street and N.W. Third Avenueof N.W. (east side of N-S Expressway (I-95)), thence run southerly along the center Third Avenue and the easterly side of N-S Expressway to the centerline of West Flagler Street; thence westerly along the centerline of said West Flagler Street to the centerline of the Miami River; thence meandering southeasterly along the centerline of said Miami River to a point of intersection with the easterly right-of-way line of Metro Rapid Transit right-of-way (formerly Florida East Coast (FEC) Railroad right-of-way) saidoRapid right-of-way Transit line being 50 feet easterly of and parallel with the centerline of said Met right-of-way; thence run southerly and southwesterly along said easterly right-of-way line of Metro Rapid Transit to the intersection with the centerline of S.W. 15th Road; thence southeasterly along the centerline of 15th Road to a point of intersecao withivn 1 the southerly prolongation of the westerly line of Costa Bella Development Sub 07- 14); thence northeasterly, northwesterly and northeasterly along said westerly line no along Costa _Bella to the intersection with the southerly right-of-way lineS.E. thence southeasterly, northeasterly, northerly, and northwesterly 9 said southerly he and westerly right-of-way line of S.E. 14th Lane and S.E. 14th Terrace to t intersection with the northwesterly property line of lot 31, block 2 of amended plat of Point View as recorded in plat book at page 93 of the public records of .Miami -Dade County, Florida; thence northeasterly along the northwesterly line of said lot 31, to the northeasterly side e of the existing ten -foot alley in block 2 of said Point View; thence southeasterly between northeasterly side of said ten -foot alley to the intersection with the property line lots 4 and 5 of said block 2 of Point View; thence northeasterly along said line of lots 4 and 5 and its prolongation thereof to the centerline of S.E. 14th Street; thence southeasterly along said centerline of S.E. 14th Street to a point of intersection with the existing bulkhead and shoreline of Biscayne Bay; thence meandering northerly along the existing bulkhead and shoreline of Biscayne Bay to a point of intersection with the • EXHIBIT " 3I' southerly boundary of Claughton Island Bridge; thence easterly along the said southerly right-of-way line of Claughton Island Bridge to the intersection with the sterly art of the Metropolitan bulkhead line of Claughton Island, said bulkhead line being P $ of the public Miami -Dade County bulkhead line as recorded in plat book 73 at page said existing records; thence southerly, easterly, northerly and westerly, following ottie intersection with bulkhead and its westerly prolongation thereof around the island the mainland on the easterly shoreline. of Biscayne Bay; thence meandering in a northwesterly and westerly direction along the shoreline of Biscayne Bay and tee Bridge River to the intersection with the easterly right-of-way line of Brickell- the (S.E. Second --Avenue); thence north along said bridge to the existing bulkhead � knead on horeline of the Miami River; said bulkhead line also being the southerly northerly s ro ert thence boundary of the Dupont Plaza Center and Miami Center Joint Venture � Miami Center northeasterly along the southerly boundaryofDupont Plaza Center line of Chopin Joint Venture property to a paint of intersection with the easterly property line being the Associates and Miami Center Limited Partnership; said propertyline line alongof Chopin shoreline of Biscayne Bay; thence northerly along said easterly property Y Associates and Miami Center Limited Partnership property along Biscayne Bay to the southerlyproperty line of Bayfront Park; thence continuing northerly, northeasterly and e runt Park Miamarina; northwesterly along the bulkhead line of Bayfrant Park and BiscayneaBay to a point of thence Continuing northerly along the bulkhead line of intersection with the centerline of N.E. 17th Street extended easterly; thence westerly rly along the centerline. of N.E. 17th Street and its extension thereof to point of intersection with the centerline of North Bayshore Drive; thence northerly and Dint of intersection with northeasterly along the centerline of North Bayshore o block 1 of Seaport amended as e©r f easterly extension of the northerly lot line of recorded in plat book 149 at page 79 of the public records of Miami -Dade County, Florida; thence northwesterly along the northerly lot line of lot 1 and its extension thereof acrossa 15-foot-wide alley to the easterly extension of the northerly Mote line public lot 6 of of of reco block 8 of Miramar amended as recorded in plat book 5 at page of Miami -Dade County, Florida; thence northwesterly along thenortherly lot line of lot 6 • to a point of intersection with centerline of N.E. 4"' Avenue; thence southwesterly and northerly along the centerline of N.E. Fourth Avenue to its intersection with the centerline of N.E. 19th Street; thence westerly along the centerline of N.E. 19th Street to a point of intersection with southerly extension of the easterly lot line of lot 4 of block 1 of Miramar amended as recorded in plat book 5 at page 4 of the public records of Miami -Dade County, Florida, thence northerly along the easterly lot line of lot 4 and its extension thereof to the southerly lot line of lot 8 of Coral Park as recorded in plat book 2 at page 66 of the public records of Miami -Dade County, Florida; thence easterly along the southerly lot line of lot 8 to the southeast corner of said lot 8; thence northerly along the easterly lot line of lot 8 to the southerly right-of-way line of N.E. 20th Street: thence easterly along the southerly right-of-way line of N.E. 20th Street to the southerly extension of the easterly lot line of lot 7 of said Coral Park (2-66); thence northerly. along the easterly lot line of lot 7 and its extension thereof to the northeast corner of lot 7; thence westerly along the northerly lot line of lot 7 to a point of intersection with the southerly extension of the easterly lot line of lot 7 of block 4 of Bayside Park amended as recorded in plat book 2 at page 40 of the public records of Miami -Dade County, Florida: thence northerly along the easterly lot line of lot 7 and its extension thereof across a 15- foot-wide alley to the northeast corner of lot 7; thence continuing northerly across the right-of-way of N.E. 20th Terrace to the southeast corner of lot 7 of block 1 of Bayside Park amended (2-40); thence northerly along the easterly lot line of lot 7 to the northeast corner of said lot 7; thence across a 15-foot-wide alley to the southeast comer of lot 5 block 3 of Bayonne Subdivision as recorded in plat book 2 at page 35 of the public records of Miami -Dade County, Florida; thence northerly along the easterly lot line of lot 5, and the northerly extension of its easterly lot line thereof, to the centerline of N.E. 21st Street; thence easterly along the centerline of N.E. 21st Street to a point o1 f intersection trsectin with the southerly extension of the easterly lot line of lot 3 of blocBayonne Subdivision (2-35); thence northerly along the easterly lot line and its extension thereof, r at to the southerly lot line of tract a of Caruso Subdivision as recorded in p lat page 23 of the public records of Miami -Dade County, Florida; thence easterly along the southerly tract line of tract A to the southerly extension of the easterly right-of-way line of the easterly right-of-way line of N.E. Fourth N.E. Fourth Avenue; thence northerly along Avenue and its extension thereof to the centerline of N.E. 24th Street; thence westerly along the centerline of N.E. 24th Street to the centerline of N.E. Second Avenue; thence southerly along the centerline of N.E. Second Avenue to the centerline of N.E. -17th Street; thence westerly along the centerline of N.E. 17th Street and N.W. 17th Street to 9 the easterly right-of-way line of the FEC Railroad; thence southerly along the easterly right-of-way line of the FEC Railroad to the limited access right-of-way of 1-395; thence southeasterly and easterly along the limited access right-of-way of 1-395 to the centerline of Biscayne Boulevard thence southerly along the centerline of Biscayne Boulevard to the centerline of N.E. 5#' Street, thence westerly along the centerline of N.E. and N.W. 5'" Street to the point of beginning.: LEGAL DESCRIPTION QF UPLAND PARtEL Commence at a pointshown marked by an 5/8" diameter iron rod. and Cap Stamped Map of F.D.O.T.; shown as P.I. Sta. 25+50 on the. "Official Road LocationAA in Dade County, f portion of Section 8706, designated as part of State • Florida", prepared by the State Road Department of the State of Florida, as recorded in Map Book.56, at Page 71 of the public Records of Dadecu, Saidpaint being the point of tangency of the original center line the Douglas 'MacArthur Bridge) Causeway running Easterly and South Easterly from the Westerly limits (We8 ) f Watson Island as shown on Sheet 3 of the State RoaDep959�d t most gN:6T-Way Map, y curve Section No. (8706-112) 87060-2117, revised March 25, having a radius of 1432.69 feet and a central angle of 62' 00' 00 seconds" ; thence South 5951' 26" West departing radially from said centerline a distance of 987.36 feet to a Projected Bulkhead line; thence North 17 ' 12' 21" West along said bulkheadline, a distance of 238.86 feet to the point and pistanee of 92 of ! 0 feet to the Southerly right of ng; thence North 17' 12' 21" West continuing along said bulkhead lint a d thence- along -said way line of State Road A-1-A Douglas MacArthur Causeway; Southerly right of way line the following courses and distances; South 89' 10' 55" East, a distance of 73.08 feet; thence North 86 ' 44.' 00" East, a distance of 67.09 feet to non tangent curve concave to the Northeast whose radial line bears North 39' 29' 18" East having a radius of 160.00 feet and central angle of 22 ' 09' 33"; thence along said curve an arc length of 61.88 feet; thence South .72 ' 40' 15" East continuing along said Southerly right of way line a distance of 276.49 �� 46toIT 39" thence along said curveurve concave to the Cah st having a radius of 600.00 feet and central angel arc length of 484.79 feet to a point of tangency; thence South 26 22' 36" East continuing along the southwesterly right of way line of State Road A 1-A, a distance of 196.59 feet; thence South 54 ' 07' 39" West Departing Said right of way line, a distance of 532.16 feet; thence North 35' 54' 03" West, a distance of 132.74 feet; thence South 54' 07' 39" West, a distance of 150.14 feet to the point of beginning. The cntnbined Upland and Submerged Parcels contain approximately 24.2+/- acres • LEGAL DESCRIPTION OF SUBMERGED PARCEL Commence at a point marked by an 5/8".diaincter iron rod and Cap Stamped• shown as P. T. •Sta. 25+50 on the "Official. Map of Location and Survey of a portion of • Section 8708, designated as part of State Road A-1-A in Dade County, Florida", prepared by the State Road Department of the State of Florida, as Said edn M being 56, at Page 71 of the Public Records of Dade. County, Florida. point of tangency of the original center line of the Douglas MacArthur Causeway running Easterly and South Easterly from : the Westerly limits (West Bridge) of Watson island as• shown on Sheet 3 of the State -Road Department Right -of -Way Map, Section No.' (8706 112) 87060-2117, revised March 25, 1959said most r Northerly cum having6" at radiosing or 1432.69 feet and a central angle of 62 00'00; thence South radially from said centerline, a distance of 6f etto a projected a distance of 238.86 feet to thence North 17 ' 12'. 21" West along said bulkhead i point and place of beginning; thence South 4932' 57" West departing said bulkhead line a. distance of 550.92 feet to a point of intersection of lines of turning basin limit North as established by U.S. Army Corps of engineers and position by coordinates-527,878.62 feet, East 926,135.22 feet (basedon oa � turning basonNsDatum a distance of42834� ); thence North 31 ' 03' 50" West, along the limits feet to a point of intersection with the East right of way line of the iritracoastat waterway; thence North 03' 27' 54" West along said East right of way line ssaid tance of 874.43 f MacArthur feet to a point of intersection with the Southerly right of way line Causeway, said point of intersection being a point on a curve concave Southerly and having a radius of 10,716.59 feet, a radial line to said point tt bears rve and along 01 said Southerly 15" r y; thence run Easterly for 387.46 feet along the arc of s aidright of way line, through a central angle of 02' 04' 17" to a point of tangency; thence South 89' 10' 55" East continuing Easterly along the said Southerly right of way line, a distance of 31.87 feet more or less to a point of intersection with an existing bulkhead line; thence South 17 ' 12' 21" East along said bulkhead line a distance of 924.70 feet to the point of beginning. The combined Upland and Surged Parcels contain approximately 24.2+/— acres