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ARNOLD BROWN PROPERTIES (2)Prepared by and return to: Dale W. Vash, Esquire P.O. Box 1438 Tampa, FL 33601 RELEASE OF RIGHT TO REPURCHASE PROPERTY KNOW ALL MEN BY THESE PRESENTS: that the undersigned, City of Clearwater does hereby and by these presents fully acquit, release and forever discharge its right to repurchase the following described real property and its right to impose the Development Conditions on the owner of said real property; which rights are described in (a) that Contract for Sale of Real Property which was entered into by the City of Clearwater and Arnold Brown Properties, a Florida general partnership on July 30, 2003 and (b) that Special Warranty Deed dated January 14, 2004, and recorded on February 11, 2004, in O.R. Book 13370, Page 2184 of the Public Records of Pinellas County, Florida, whereby the following described real property was conveyed by the City of Clearwater to Arnold Brown Properties, a Florida general partnership: A portion of the Northwest t/4 of the Northeast '/4 of Section 16, Township 29 South, Range 15 East, Clearwater, Florida, being more particularly described as follows: Begin at the intersection of the South right-of-way line of Drew Street and the West right-of-way line of North Fort Harrison Avenue for a POINT OF BEGINNING; run thence South along the West right-of- way line of North Fort Harrison Avenue, 54.30 feet; thence West, parallel to the South right-of-way line of Drew Street, a distance of 345.00 feet to the East right-of-way line of Osceola Avenue; thence North along the East right-of-way line of Osceola Avenue, a distance of 54.30 feet to the South right-of-way line of Drew Street, thence East along the South right-of-way line of Drew Street, 344.08 feet to the POINT OF BEGINNING. Page 1 of 2 SIGNED AND SEALED this ,50t(-- day of Countersigned: .2008. CITY OF CLEARWATER, FLORIDA By: AaM44,6. A. rank V. Hibbard William B. Horne II Mayor Approved as to form: ?'l Ic Pamela K. Alm City Attorney Witnesses: S?sa.n r? . Cie Print name Print name City Manager Attest: ?-ymma ?: City Clerk Page 2 of 2