The Property consists of approximately 39 acres situated in the southwest corner of the intersection of Gluckstadt and Bozeman Roads in the newly incorporated City of Gluckstadt, Madison County, Mississippi. Approximately 15.7 acres lies east of the floodway of a drainage area that traverses the Property. This portion of the Property fronts both Gluckstadt and Bozeman Roads at their intersection. Approximately 13.2 acres lies west of the floodway. Approximately 10.1 acres the Property is in the floodway of a drainage basin as shown on the survey with contours.