11-10-2003 - Special
u
o
Voting Order
Councilman Brown
Councilman Vincenzi
Councilwoman Rhodes
Councilwoman Lichter
Mayor Schmidt
November 6, 2003
-AMENDED-
-PUBLIC NOTICE-
To All Members of the City Council:
I hereby call a Special Meeting of the City Council of Edgewater for Monday, November 10,
2003, at 6:30 p.m. in the Community Center to select a developer for the 60-acre waterfront
site located on US 1, between Hacienda del Rio and Boston Whaler.
Donald A. Schmidt
Mayor
ATTEST:
Susan J. Wadsworth
City Clerk
Pursuant to Chapter 286, F.s., if an individual decides to appeal any decision made with respect to any
matter considered at a meeting or hearing, that individual will need a record of the proceedings and will
need to insure that a verbatim record of the proceedings is made.
In accordance with the Americans with Disabilities Act, persons needing assistance to participate in any
of these proceedings should contact City Clerk Susan Wadsworth, 386-424-2407, prior to the meeting.
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'UlE CITY OF ED Q; WATER
POST OFFICE BOX 100-EDGEWATER, FLORIDA 32132-0100
V otim.i: Order
Councilman Brown
Councilman Hammond
Councilwoman Rhodes
Councilwoman Lichter
Mayor Schmidt
November 3,2003
-PUBLIC NOTICE-
To All Members of the City Council:
I hereby call a Special Meeting of the City Council of Edgewater for Monday, November 10,2003,
at 3 :00 p.m. in the Community Center to select a developer for the 60-acre waterfront site located
on US 1, between Hacienda del Rio and Boston Whaler.
. Q N/10 ~/1J
. . o"~( l[ 6 Lt~" ./I?'
Donald A. Schmidt
Mayor
ATTEST:
L ..........
-a-~
Susan J. wttsworth
City Clerk
Pursuant to Chapter 286, ps., if an individual decides to appeal any decision made with respect to
any matter considered at a meeting or hearing, that individual will need a record of the proceedings
and will need to insure that a verbatim record of the proceedings is made.
In accordance with the Americans with Disabilities Act, persons needing assistance to participate
in any of these proceedings should contact City Clerk Susan Wadsworth, 386-424-2407, prior to the
meeting.
:eJm
F:\meetingnotices\specialmtglll003
/
CITY COUNCIL OF EDGEW A TER
SPECIAL MEETING
NOVEMBER 10. 2003
EDGEWATER COMMUNITY CENTER-I02 NORTH RIVERSIDE DRIVE
6:30:P.M.
CALL TO ORDER
ROLL CALL
INVOCA TION
PRESENTATION: Seashore Marina, LLC
COUNCIL COMMENTS
PRESENTATION: B.S.E. Consultants, Inc.
COUNCIL COMMENTS
PRESENTATION: Edgewater Harbor, LLC
COUNCIL COMMENTS
PRESENTATION: SeaEdge Partners, LLC
COUNCIL COMMENTS
COUNCIL ACTION
CITIZENS COMMENTS
ADJOURN
THE CITY OF EDGE WATER
POST OFFICE BOX 100-EDGEWATER, FLORIDA 32132-0100
CITY OF EDGEW A TER
PURCHASE AND DEVELOPMENT OF 60-ACRE WATERFRONT SITE
RFP #03-0GS-Ol
SPECIAL MEETING NOVEMBER 10, 2003
Sample Questions:
1. How can you protect adjacent owners such as Boston Whaler and Hacienda Del Rio?
, 2. Describe your proposals direct and indirect benefits to the City/County?
3. a. What is your view of the obstacles to achieve permitting?
b. Have you met with regulatory agencies?
4. Describe your proposal's benefits for the general public?
. .
l
5. Describe your most similar work product that has been completed within (5) five
years?
6. Demonstrate your financial ability to complete this project?
7. Your thoughts concerning conservation and site environmental protection.
AGENDA REQUEST
CM: 2003-60
Date: November 6. 2003
PUBLIC
HEARING
RESOLUTION
ORDINANCE
BOARD
APPOINTMENT
CONSENT
OTHER
BUSINESS November 10. 2003
ITEM DESCRIPTION:
Selection of a Development Team for the sixty-acre (60) waterfront site located on US 1, between
Hacienda del Rio and Boston Whaler.
BACKGROUND:
The City of Edgewater has developed comprehensive plans and agreements to expand the City's
corporate limits south to Aerial Road. The City has initiated an aggressive annexation policy to
facilitate the expansion to the south. An integral component of the plan is the 60-acre pre-stressed
concrete site (Marine Commerce Park) currently owned by V olusia County. V olusia County
purchased the site in 1998 for $2.75 million and made seawall repairs for approximately $275,000.
The County intended to use the property for industrial economic development but has not been
successful. The Edgewater City Council requested that the V olusia County Council authorize the
purchase of the 60-acre site by Edgewater. The City's and County's goal is to partner with a
Development Team to annex and develop the property primarily to enhance the tax base of the City
and County.
The V olusia County Council will consider the Purchase/Sale Agreement (60-acre site for $3,055,000
with closing to occur within six months) at the November 6, 2003 County Council meeting.
Concurrently, the City has formally advertised a Request for Proposal (RFP) seeking qualified
Development Teams to submit proposals for development and the "highest and best use" of the
property. The City received four (4) proposals. Attached are the proposals.
1. Seashore Marina, LLC - commercial use of the site includes marina, wet
and dry boat storage, restaurant, tiki bar, boat sales and other commercial
uses.
2. B.S.E. Consultants, Inc. - total residential use consisting of condominiums.
3. Edgewater Harbor, LLC - mixed use of residential (condominiums),
marina, boat storage, shop store, restaurant.
4. SeaEdge Partners, LLC - mixed use of residential (condominiums and
single-family units) and boat storage, marina and restaurant.
ANALYSIS:
The 60-acre site is approximately 924 feet wide (US 1 and Intercoastal Waterway (ICW) frontage)
and 2,820 feet deep. The site has an Industrial Land Use Designation and zoned for Industrial-
Marine usage. The purchase price is $3,055,000 ($50,000 per acre). It is interesting to note that the
ParkTowne Industrial Center property is selling for $50,000 per acre including water, sewer,
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F:\agendarequests\60acresite 111003
roadway, power and stormwater while the 60-acre site is $50,000 per acre for raw land. The high
raw land cost plus the cost to provide infrastructure is why the property has not sold as an industrial
marine use. The raw land cost plus development expenses would cause the property to sell for
approximately $300,000 per acre, which is expensive for industrial land. V olusia County has
thousands of acres of industrial property for less than $100,000 per acre.
An analysis of each proposal includes:
1. Seashore Marina, LLC. This proposal will produce the lowest annual tax revenue. The
estimated cost of development is $25 million. The commercial development will produce new jobs
and have a positive impact of sale tax revenues.
The permitting of a commercial marina will be a complex task. The wet and dry boat storage will
likely trigger a Development of Regional Impact (DRI) which is an intensive, time consuming phase.
The permitting hurdles include: lack of a Manatee Protection Plan in V olusia County; lack of a
Marine Siting Plan by V olusia County; permitting of the proposed internal basin that connects to the
Indian River has been reviewed by FDEP and Fish and Wildlife staff and has produced negative
comments.
The proposal is the most consistent with the objectives of Boston Whaler which is concerned with
adjacent residential development. This proposal will require the least land use and zoning changes.
2. D.S.E. Consultants, Inc. This is a gated residential-condominium concept. This proposal
will yield the highest annual property tax revenue. This proposal offers a purchase price of
approximately $500,000 more than the City's purchase price.
This proposal does not include an internal waterway or basin that connects to the Indian River.
Permitting private docks will be subject to similar Manatee Protection Plan requirements. It is my
opinion that this is easier to permit than a commercial marina with the internal basin and boat
storage.
This proposal will require a land use amendment and zoning amendment. This land use does not
contain sufficient buffer of the industrial use to the south. THIS PROPOSAL WAS NOT
RECOMMENDED TO CITY COUNCIL BECAUSE THE PROJECT IS A GATED COMMUNITY
PROVIDING NO PUBLIC ACCESS TO THE INDIAN RIVER.
3. Edgewater Harbor, LLC. This proposal contains condominiums, marina, boat storage,
shop store/shops and a restaurant. This proposal produces approximately $1.7 million of impact fees
and an annual tax revenue of $1.1 million. The construction estimate is $75 million.
This proposal does not include an internal waterway or basin that connects to the Indian River. This
proposal contains a commercial buffer (approximately 150 feet in width) along the southern (Boston
whaler) boundary consistent with Boston Whaler's request. This project contains a public marina
with wet and dry storage which will be subject to similar Manatee Protection Plan requirements.
This project should be easier to permit than a commercial site with an internal basin.
This proposal will require a land use amendment and zoning amendment.
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F:\agendarequests\60acresite 111003
4. SeaEdge Partners, LLC. This proposal contains single-family units along the northern
boundary, condominiums and commercial along the waterfront and southern boundary. This project
is estimated to have a construction cost of $81 million and an annual operating surplus (taxable
revenue) of $489,000.
This proposal does include an internal basin connected to the Indian River. Permitting ofthe internal
basin will be difficult and has been described as "not likely" by all regulatory agencies. It is my
opinion that an internal basin for residential use will be very difficult to permit.
This proposal will require a land use amendment and zoning amendment. This land use is not
consistent with the southern land use. THIS PROPOSAL WAS NOT RECOMMENDED TO CITY
COUNCIL BECAUSE OF THE RESIDENTIAL INTERNAL BASIN.
STAFF RECOMMENDATION:
A selection committee (Julie Christine, Purchasing Agent; Terry Wadsworth, Environmental
Services Director; Darren Lear, Chief Planner; Liz McBride Assistant City Manager; Mike Myers
and Mark Watts, Boston Whaler; Ken Hooper, City Manager) reviewed the proposals and heard
presentations by the four (4) proposers. Each Development Team was given an hour for
presentations and questions.
The Selection Committee ranked the proposals into two (2) categories: "recommended" and "not
recommended". The proposals of Seashore Marina LLC and Edgewater Harbor, LLC were
recommended and the proposals of RS.E. Consultants, Inc. and SeaEdge Partners, LLC were not
recommended. The proposals ofRS.E. and SeaEdge were not recommended based on lack of public
access, permitting constraints, lack of compatibility of adjacent land use, financial returns and public
benefit.
ACTION REQUESTED:
City Council to hear four (4) presentations concerning the development of the 60-acre site; rank
Development Teams; authorize negotiation with Top Ranked Development Team.
FINANCIAL IMPACT: (FINANCE DIRECTOR)
(SPECIFY IF BUDGET AMENDMENT IS REQUIRED)
PREVIOUS AGENDA ITEM:
YES
NO
DATE:
AGENDA ITEM NO.
Respectfully submitted,
~V(~
Kenneth R. Hooper
City Manager
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,::-
MEMORANDUM
TO:
Ken Hooper
FROM:
Rob Merrell
RE:
BOSTON WHALER SUMMARY
DATE:
November 4, 2003
Background
Boston Whaler established its corporate headquarters and primary production facility in V olusia County
in 1989. The facility is located in unincorporated V olusia County, approximately 900 feet south ofthe
existing municipal boundary with the City of Edge water. With over 450 employees, Boston Whaler is the
second largest industrial employer in V olusia County. It is a national leader in the recreational and
governmental marine industries and is a subsidiary ofthe Brunswick Corporation, a Fortune 500 company
with over $3.7 billion in net sales in 2002.
In 1998, V olusia County purchased 60::!:: acres of property on the north property line of Boston Whaler's
facility for economic development purposes. The Marine Commerce Park has been held by V olusia
County for 5 years, but has not successfully attracted additional marine commerce facilities. V olusia
County now proposes to sell the Marine Commerce Park to the City, which has solicited proposals for the
development of the Marine Commerce Park from private developers.
The majority of the development proposals received by the City propose at least some residential
development on the Marine Commerce Park property. Boston Whaler has previously opposed residential
development ofthe Marine Commerce Park as inherently inconsistent with the nature of Boston Whaler's
industry.
Boston Whaler and the City have, however, developed a series of conditions under which Boston Whaler
agrees not to obiect to the mixed use development ofthe Marine Commerce Park with at least some
residential components. (see attached) The purpose ofthis memo is to memorialize those conditions and
to obtain commitments from the City Commission and County Council to implement them.
1. Restriction of Residential UseIWaiver of Objections to Nuisances.
Boston Whaler and the City have requested an amendment to the contract between the City and County
for the purchase ofthe Marine Commerce Park. The amendment shall specify that the contract between
the City and Volusia County shall not be closed until the attached deed restriction is recorded. The
conditions contained in the deed restriction shall also be incorporated in any contract between the City and
any prospective developer; any development agreement entered into for the development of the property;
038065-00] : MWATT/DLACR: 00410634,WPD; 2
and any private covenants and restrictions or condo documents associated with the development ofthe
Marine Commerce Park.
These restrictions shall also be incorporated into any deeds from the developer ofthe Marine Commerce
Park to prospective purchasers. In order to ensure future purchasers are on notice of the
restrictions/waivers, the text shall be prominently incorporated in bold, capital letters on the first page of
any deed and in all covenants and restrictions and condo documents.
In addition, the City also agrees to require the construction of a substantial landscaped berm or
embankment along the southerly property line of the Marine Commerce Park in connection with its
development.
2. Capital Improvement Funds.
Boston Whaler and the City recognize that the restrictions/waivers would not necessarily prevent future
complaints by residents ofthe developed Marine Commerce Park property regarding odors emanating
from Boston Whaler's facility. In order to guard against future enforcement actions by DEP or EP A, the
City has agreed to establish a capital improvement fund that may be used to enhance air quality
improvements. The City/Developerwill not be responsible for any violations of Boston Whaler's existing
or renewed air quality permits issued by any regulatory agency.
The City agrees to require the developer ofthe Marine Commerce Park to contribute to the fund as part
of its Development Agreement with the City. In addition, the City has agreed to contribute to the capital
improvement fund. The City and Boston Whaler have agreed to request additional funding from the V olusia
County Economic Development Department as part of Vol usia County's business retention program.
Upon the total capital improvement fund reaching $1 ,500,000.00, Boston Whaler agrees to upgrade its
exhaust system in the event DEP receives significant complaints from surrounding property owners or DEP
or any other authorized regulatory agencies initiates any enforcement action that does not result from a
violation by Boston Whaler's of its air quality permits. In addition, in the event the costs of installing the
capital improvements exceeds the funds available in the capital improvement fund, the City and Boston
Whaler agree to explore tax credits and any other potential sources of revenue to reimburse Boston Whaler
for the cost of the improvements.
3. Miscellaneous
Finally, Boston Whaler has indicated that it presently has a floating dock structure at the north east corner
of its property that extends in front ofthe riverbank ofthe Marine Commerce Park property. The City
agrees that this structure may remain in place so long as Boston Whaler continues to utilize it in connection
with the operation oftheir business, and will grant an easement to Boston Whaler if necessary to preserve
the structure.
038065-001 : MWATT/DLACR : 00410634.WPD; 2
2
Based on the foregoing, Boston Whaler has agreed not to object to the sale ofthe Marine Commerce Park
to the City by V olusia County. Nothing herein shall constitute a waiver by Boston Whaler of its rights to
object to the non-industrial development ofthe Marine Commerce Park property, including any proposed
Future Land Use amendments inconsistent with the current Industrial land use classification, in the event
any ofthe conditions set forth herein are not implemented by V olusia County, the City or any proposed
developer.
038065-001 : MWA TT/DLACR : 00410634.WPD; 2
3
This instrument Prepared By:
Robert A. Merrell, III, Esq.
Cobb & Cole
Post Office Box 2491
150 Magnolia Avenue
Daytona Beach, FL 32115-2491
AGREEMENT AND DECLARATION OF
RESTRICTIVE COVENANT AS TO USE
TIus Agreement and Declaration of Restrictive Covenant as to Use (the "Declaration") is made this
_ day of ,2003, by the CITY OF EDGEW A TER, a Florida municipal corporation
(hereinafter referred to as the "Declarant") and BOSTON WHALER, INC., a Delaware corporation
(hereinafter referred to as "Whaler").
WITNESSETH:
WHEREAS, Declarant is the fee simple title holder of certain real property located in V olusia
County, Florida, more particularly described in the Ex11ibit "A" attached hereto and made a part hereof(the
"Property"); and
WHEREAS, Whaler is the fee simple title holder ofthat certain parcel of real property located
adj acent to the Property, more particularly described in the Exhibit "B" attached hereto and made a part
hereof (the "Adjacent Land");
WHEREAS, Declarant and Whaler desire to see a portion ofthe Property developed with no
residential uses, and to prevent future disputes over incompatibility with existing industrial uses ofthe
neighboring property owners; and
WHEREAS, Declarant and Whaler desire to establish a restrictive covenant pro11ibiting the use the
Property for residential purposes, and to provide sufficient notice to prospective purchasers, lessees, and
other third parties, concerning the duration and effect ofthe restrictive covenant.
NOW THEREFORE, Declarant and Whaler hereby agree and declare as follows:
1. The southerly 150 feet of the Property shall not be developed or used for residential
purposes.
2. This restriction shall remain in effect and run with the land for the benefit of the Adjacent
Property described on attached Exhibit "B", so long as the Adjacent Property continues
to be used for industrial or manufacturing purposes.
038065-001: JPOPE/JPOPE: 00409461.WPD; 3
3. The parties hereto expressly acknowledge that the Adjacent Land is being used for
industrial purposes and waive any and all rights they may have to bring a course of action
against the owner(s) ofthe Adjacent Land for any alleged nuisance, annoyance, excessive
noise or odors, or any claim related thereto. Nothing herein shall exempt the Adjacent
Land from the enforcement of any applicable ordinances, regulations or laws.
4. All contracts, leases, and offers to purchase, sell, convey, or transfer any interest in
the Property shall contain the following provision conspicuously providing third parties
with notice of the restrictive covenant, its term and effect:
NOTICE:
PURSUANT TO THE TERMS OF THAT CERTAIN AGREEMENT
AND DECLARATION OF RESTRICTIVE COVENANT AS TO USE
DATED , 2003, AND RECORDED IN OFFICIAL
RECORDS BOOK _' PAGE _' PUBLIC RECORDS OF
VOLUSIA COUNTY, FLORIDA (THE "DECLARATION''), THE USE
OF THE SUBJECT PROPERTY IS RESTRICTED TO PROHIBIT
RESIDENTIAL USE ON THE SOUTHERLY 150 FEET. BY
ACQUIRING ANY INTEREST IN THE SUBJECT PROPERTY, YOU
WILL BE BOUND BY THE TERMS OF SAID DECLARATION
INCLUDING THE WAIVER OF ANY AND ALL RIGHTS TO BRING
A COURSE OF ACTION AGAINST THE OWNER(S) OF ADJACENT
LAND FOR NUISANCE, ANNOYANCE, EXCESSIVE NOISE OR
ODORS, OR ANY CLAIMS RELATED THERETO, SO LONG AS
THA T PROPERTY IS USED FOR INDUSTRIAL OR
MANUFACTURING PURPOSES. IF YOU HA VE QUESTIONS
REGARDING THE SAME, PLEASE CONSULT WITH A REAL
ESTATE ATTORNEY.
5. This restrictive covenant shall run with the Property and shall inure to and be binding on the
Declarant and its successors and assigns. The Declarant may not amend or revoke this restrictive
covenant prior to its termination without the consent of Whaler, its successors and/or assigns. If
the Adjacent Land ever ceases to be used for manufacturing and industrial purposes, this
Declaration shall terminate, and be of no further force and effect.
6. Enforcement of this Declaration shall be by legal action brought in a court of
competent jurisdiction against any person or persons violating or attempting to violate any term of
the Declaration. Said action may be for the recovery of damages or for injunctive reliefto prohibit
violation, or both as may be plead and proved by the party bringing the action. The prevailing
party shall be entitled to recover, in addition to costs and disbursements allowed by law, such sum
as the court may adjudge as reasonable attorney fees for the attorney representing the prevailing
party.
038065-001: JPOPE/JPOPE: 00409461.WPD; 3
7. Invalidation of any provision or part ofthis Declaration by court order or adjudication shall not
effect the validity or enforceability of any other provision ofthe Declaration, which shall remain in
full force and effect.
(This space left intentionally blank)
038065-001 : JPOPE/JPOPE: 00409461.WPD; 3
IN WITNESS WHEREOF, this Agreement and Declaration of Restrictive Covenant as to Use
was executed on the day and date first above written.
WITNESSES
"DECLARANT"
By:
Name:
(Name Printed or Typed)
(Name Printed or Typed)
BOSTON WHALER, INe.,
a Delaware corporation
By:
Name:
(Name Printed or Typed)
(Name Printed or Typed)
STATE OF FLORIDA
COUNTY OF VOLUSIA
The foregoing instrument was acknowledged before me this _ day of , 2003,
by , who is personally known to me or have produced
as identification.
NOTARY PUBLIC:
Sign:
Print:
State of Florida At Large
(Seal)
My Commission Expires:
TitlelRank:
Commission Number:
038065-001: JPOPEIJPOPE: 00409461.WPD; 3
STATE OF FLORIDA
COUNTY OF VOLUSIA
The foregoing instrument was acknowledged before me this _ day of , 2003,
by , as of Boston Whaler, Inc., a
Florida corporation, who is personally known to me or have produced
as identification.
NOT AR Y PUBLIC:
Sign:
Print:
State of Florida At Large
(Seal)
My Commission Expires:
Title/Rank:
Commission Number:
038065-001 : JPOPE/JPOPE : 00409461.WPD; 3
038065-001 : JPOPE/JPOPE: 0040946J.WPD; 3
EXHIBIT "A"
The Property:
';"
038065-001: JPOPE/JPOPE: 00409461.WPD; 3
EXHIBIT "B"
The Adiacent Property:
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Sea Ray Boats, Inc.
Palm Coast Plant
Resolution of Odor Concerns
~ Sea Ray Palm Coast Plant: Sea Ray's Palm Coast fiberglass boat manufacturing
plant, which began operating in 1984, is located in an industrial park near Flagler Beach in
unincorporated Flagler County. The plant consists of three buildings located on 33 acres. The
nearest neighborhood is approximately one-half mile away, which has increased in population in
recent years. In fact, Flagler County has one of the highest rates of population growth in the
United States.
~ Initial Odor Concerns: The Palm Coast plant emits styrene, which has a distinctive
odor that can be detected at concentrations much lower than levels generally associated with
health effects. A few neighbors began to complain of odors from the Palm Coast plant in the
late 1980' s and, in response to those concerns, Sea Ray changed the scheduling of its work
force to help minimize odors.
~ 1994 Resolution: The Department of Environmental Protection (Department) sent a
warning letter to Sea Ray alleging a violation ofthe objectionable odor rule, following a single
formal odor complaint in 1993. As a result, Sea Ray agreed to modify its exhaust system and
use alternative materials where possible. Sea Ray began to utilize new materials and new
application processes, and the exhaust system modifications (which cost approximately
$400,000) were finalized in 1994.
~ Recent Odor Concerns: From 1994-1999, five odor complaints were filed by Sea
Ray's neighbors, and a slight styrene smell was confirmed by a Department representative
during a 1996 inspection. Subsequently, from August through October of 2000, seven
individuals filed numerous complaints with the Department, and a Department representative
confirmed styrene odors on two occasions. The epartment then sent a warning letter to Sea
Ray dated November 2, 2000, requesting that the odor concerns be resolved.
~ Exhaust System Improvements/Public Outreach: After meeting with Department
representatives, Sea Ray enhanced the use of its existing ventilation system in 2001 in an effort
to resolve the odor concerns. At this time, Sea Ray also sent invitations to 94 households in the
nearby neighborhood, inviting them to attend an information session and plant tour. These tours
were conducted in March for 20 individuals. Because the neighbors continued to complain of
odors, Sea Ray met in March with the Department and offered to conduct a scientific study to
determine the actual styrene impacts occurring in the nearby residential area. Based on the
038065-001 : RMERR/LSWAN: 00410860.WPD; 1
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I
results ofthat study, which the Department approved, Sea Ray would be in a much better
position to address how and the extent to which those impacts could be improved.
~ Styrene Study: With approval from the Department, Sea Ray installed meteorological
equipment in April of2001 (to obtain accurate wind speed, direction, temperature, humidity,
barometric pressure, and other data) and began ambient sampling in May. Sea Ray took a
total of25 samples, including background samples as well as samples in the nearby
neighborhood. These samples were analyzed in a certified laboratory, and the ambient data
along with the sampling data allowed Sea Ray to more accurately evaluate options for reducing
ambient styrene concentrations from the Palm Coast facility. The sampling was concluded in
September and an initial analysis was submitted to the Department later that month.
~ Health Study: Because styrene odors were detectable by neighbors near the Palm
Coast plant and these neighbors had raised health concerns associated with styrene emissions,
Sea Ray sought the services or Dr. Chris Teaf, a toxicologist with Florida State University, to
determine whether there were any potential health impacts based on ambient styrene levels in
the area. Scientists agree that breathing low amounts of styrene is safe and breathing high
amounts can cause temporary dizziness and headaches. Styrene naturally breaks down quickly
and is gone within one or two days. Dr. Tears analysis confirmed that the off-site
concentrations were protective of human health and safety, and this seemed to satisfy the
neighbors' concerns.
~ State Attorney/State Representative: When the concerned neighbors became
dissatisfied with Sea Ray's and the Department's responsiveness to their concerns regarding
odors, however, the neighbors contacted the State Attorney's office requesting criminal
prosecution. They also contacted their local State Representative, Doug Wiles. To date, the
State Attorney's office and Doug Wiles have deferred to the Department.
~ County Commissioners: The neighbors also contacted the Flagler County Board of
County Commissioners, requesting adoption of a local odor ordinance. In October of 200 1,
the Commissioners adopted a very stringent odor ordinance, similar to one adopted by Brevard
County in 2000. While Sea Ray's current operations are not affected, if Sea Ray were to
extend, enlarge, or reconstruct any existing building or add a new building, the odor standards
would apply.
~ Consent Order: In 2002, Sea Ray submitted its final styrene report to the
Department, explaining that the most beneficial approach to reducing ambient impacts was to
combine multiple existing stacks from the lamination building into a single stack, to increase the
stack height, and to increase the air flow rate. Sea Ray predicted that these ventilation
improvements would result in a 90+ percent reduction in projected ambient impacts form the
038065-001: RMERRJLSWAN: 00410860.WPD; I
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)
Palm Coast facility, at a cost of approximately $1 million. The Department agreed with this
approach, which was incorporated into an enforceable Consent Order. Sea Ray expects to
complete the ventilation improvements by the end of2003.
~ Recent Odor Concerns: From 1994-1999, five odor complaints were filed by Sea
Ray's neighbors, and a slight styrene smell was confirmed by a Department representative
during a 1996 inspection. Subsequently, from August through October of2000, seven
. individuals filed numerous complaints with the Department, and a Department representative
confirmed styrene odors on two occasions. The Department then sent a warning letter to Sea
Ray dated November 2, 2000, requesting that the odor concerns be resolved.
~ Exhaust System Improvements/Public Outreach: After meeting with Department
representatives, Sea Ray enhanced the use of its existing ventilation system in 2001 in an effort
to resolve the odor concerns. At this time, Sea Ray also sent invitations to 94 households in the
nearby neighborhood, inviting them to attend an information session and plant tour. These tours
were conducted in March for 20 individuals. Because the neighbors continued to complain of
odors, Sea Ray met in March with the Department and offered to conduct a scientific study to
determine the actual styrene impacts occurring in the nearby residential area. Based on the
results of that study, which the Department approved, Sea Ray would be in a much better
position to address how and the extent to which those impacts could be improved.
~ Styrene Study: With approval from the Department, Sea Ray installed meteorological
equipment in April of2001 (to obtain accurate wind speed, direction, temperature, humidity,
barometric pressure, and other data) and began ambient sampling in May. Sea Ray took a
total of25 samples, including background samples as well as samples in the nearby
neighborhood. These samples were analyzed in a certified laboratory, and the ambient data
along with the sampling data allowed Sea Ray to more accurately evaluate options for reducing
ambient styrene concentrations from the Palm Coast facility. The sampling was concluded in
September and an initial analysis was submitted to the Department later that month.
~ Health Study: Because styrene odors were detectable by neighbors near the Palm
Coast plant and these neighbors had raised health concerns associated with styrene emissions,
Sea Ray sought the services or Dr. Chris Teaf, a toxicologist with Florida State University, to
determine whether there were any potential health impacts based on ambient styrene levels in
the area. Scientists agree that breathing low amounts of styrene is safe and breathing high
amounts can cause temporary dizziness and headaches. Styrene naturally breaks down quickly
and is gone within one or two days. Dr. Tears analysis confirmed that the off-site
concentrations were protective of human health and safety, and this seemed to satisfy the
neighbors' concerns.
038065-001: RMERRlLSWAN: 004 I 0860.wPD; 1
..
l
~ State Attorney/State Representative: When the concerned neighbors became
dissatisfied with Sea Ray's and the Department's responsiveness to their concerns regarding
odors, however, the neighbors contacted the State Attorney's office requesting criminal
prosecution. They also contacted their local State Representative, Doug Wiles. To date, the
State Attorney's office and Doug Wiles have deferred to the Department.
~ County Commissioners: The neighbors also contacted the Flagler County Board of
County Commissioners, requesting adoption of a local odor ordinance. In October of 200 I,
the Commissioners adopted a very stringent odor ordinance, similar to one adopted by Brevard
County in 2000. While Sea Ray's current operations are not affected, if Sea Ray were to
extend, enlarge, or reconstruct any existing building or add a new building, the odor standards
would apply.
~ Consent Order: In 2002, Sea Ray submitted its final styrene report to the
Department, explaining that the most beneficial approach to reducing ambient impacts was to
combine multiple existing stacks from the lamination building into a single stack, to increase the
stack height, and to increase the air flow rate. Sea Ray predicted that these ventilation
improvements would result in a 90+ percent reduction in projected ambient impacts form the
Palm Coast facility, at a cost of approximately $1 million. The Department agreed with this
approach, which was incorporated into an enforceable Consent Order. Sea Ray expects to
complete the ventilation improvements by the end of2003.
038065-001 : RMERR/LSWAN: 00410860.WPD; 1
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Seashore Marina, LLC
Thomas Krug, President .-
5424 Fan Palm Court ':--.
Port Orange, Florida 32128
TelepbonelTelefax (386) 322-9098
City of Edgewater
Purchasing Agent
Attn: Julie Christine
104 North Riverside Drive
~ Edgewater, Florida 33132
October 16, 2003
RE: Proposal Response Transmittal
(RFP) #03-0GS-Ol
Purchase for development of 60-Acre Watenront Property
Gentlemen:
You are herewith forwarded materials submitted as a proposal for the purchase of the
offered 60-Acre Waterfront Property for the purpose of development into a family-
oriented marina recreation facility. The proposed project, as further described herein,
includes construction of a 20 acre lagoon, wet slips, dry stack boat storage, boat sales and
service, a seafood restaurant, waterfront recreation amenities including a swimming pool
& volleyball play area, a tiki bar, overnight accommodations (hoatel) for transient
mariners and several marina related retail or service shops.
This proposal is for the purchase of the land for a price of $3, 100,00.00 (Three Million
One Hundred Thousand Dollars) with terms of a 20% deposit at time of notice of award
to our company, an additional 60% at time of closing with the City retaining a note for
the final 20% for a period of six months following closing or the issuance of
construction/operating permits for partial development or special activities that facilitate
revenue generation activities on the land, whichever comes first.
Key development team members are as follows:
Key contact person and project manager
Engineer of Record/Surveyor of Record
Permitting Agent
Contractor of Record
Architect
Tom Krug, President, Seashore Marina LLC
Andrew M. Nicholson, PE-PLS
Andrew M. Nicholson, PE-PLS
Andrew M. Nicholson, Building Contractor
R. Norman Stoehr
City of Edgewater, October 16, 2003, PAGE lWO
Land Planner
B. Gary Dickens, AICP, Ivey, Harris &
Wal1s, Inc.
Joe H. Young, III
Terri Bailey, PE, G&ME
Joe RusseUo, PE
Melinda Hamsher, PG
Leaqer Financial Services, Raleigh, NC
Melinda Claybrook,:RLA CDA
EnvironmentalistfBiologist
Geotech Engineer
Structural Engineer
- Site Hazmat Environmentalist
Finance
Landscape Architecture
No member of the team associate with this project is eligible for a real estate commission.
This team is prepared to immediately commence survey, design and permitting activities
to aggressively obtain permits, commence construction and establish early revenue flow
.~ from commercial activities. We plan on limited boat sales and other development
compatible business activities to begin as soon as the BPUD is approved. We plan on
complete permitting approvals within 12 months and complete build out within 18
months of closing.
The remainder of this proposal includes attachments prepared in accordance with the
suggested outline provided in the City's RFP package.
We appreciate this opportunity to continue our long held plans of construction of the
Seashore Marina Family Recreation Facility at this at this site and look forward to
working with City Staff and Officials in its creation.
Yours very truly,
~
President
Enclosures
~
Proposal
Planned use of the property. As shown on the attached exhibits, our plans are to develop the site
into a family-oriented recreation marina facility. This will include the construction and operation
of (1) a 600 boat dry-stack building accommodating primarily boats on the order of25-40 feet in
length, (2) 150 wet slips for boats ranging from 40 feet to 65 feet in length, (3) boat service and
repair facilities, (4) boat sales, (5) ship's store retail shop, (6) fishing/bait retail store, (7) scuba
dive shop, (8) seafood restaurant with tiki bar facilities, (9) rental storage facilities on an
outparcelleasehold, (10) boatel overnight accommodations for transient mariners, (11)
Children's park and playground, (12) swimming pool and volleyball court, (13) boat fuel sales
facilities and (14) boat sewage pump out facilities.
The development strategy is to (1) clean the site and pulverize concrete remnants for use on site
as crushed concrete roadway base material while permits are being secured for the planned
improvements, (2) construct all stormwater systems and underground utility systems, (3)
excavate the lagoon while constructing the boat sales, seafood restaurant and high and dry boat
storage buildings, (4) construct the site roadway, parking areas, children's park and playground
along with the swimming pool, tiki bar and landscaping while the seawall opening is being
constructed.
Based upon the proposed development program for the site, Seashore Marina acknowledges that
the project would exceed the thresholds for a single or multi-use Development of Regional
Impact. Thus, the project would be required to undergo DR! review at such time as the base
threshold for a multi-use DR! is breached. Having recognized this point, Seashore Marina's
intention is to fast-track an initial phase of the project, one that would stay below the DR!
thresholds, and to coincidently engage the Florida Department of Community Affairs in the
negotiation and processing of a pre-development agreement.
More specifically, the proposed combination of wet and dry slips, ancillary marine retail and
restaurant uses would clearly exceed the DR! thresholds for a two-use multi-use DR!. Seashore
Marina proposes to permit and construct one element of the project, approximately 175 dry slips
and ancillary marine retail uses, along with elements of the park and playground facilities, and
thereby remain below the 800/0 DR! threshold for a two use project. During the permitting and
construction phase, Seashore Marina would negotiate a pre-development agreement with the
Department that would hopefully allow for minor exceeding of the 80% threshold, up to 200 dry
slips, and also would agree to the methodology and schedule for the performance of full DR!. In
this respect, Seashore Marina also acknowledges that there is no guarantee that the DR! would be
approved in terms of the entire proposed development program.
Proposal PAGE TWO
As construction continues on the first phase of the project, Seashore Marina would prepare the
DR! Application for Development Approval and conduct the requisite analyses of project
impacts on the regional resources. It is anticipated that the balance of the proposed development
program, the wet slips and other retail, restaurant and boatel uses would be combined into a
single second phase of the project. It is anticipated that the ADA would be submitted within
three months of closing, and that the DR! review would be completed within nine months of
~~.'
As noted elsewhere in this submission, Seashore Marina also is aware that V olusia County is in
the process of completing a manatee protection and marina facility siting plan for the County.
While the timeline and elements of this activity are still undetermined, there remains the
possibility that completion of this task may have some relevance to this proposal. Specifically, if
the terms and schedule of this effort appear to be advantageous to Seashore Marina, then it is
possible that the need for a DR! could be obviated and that the City and Seashore Marina could
confer on the merits of "opting-in" to the County's approved plan. While the information to date
suggests that this activity may not bear fiuit in the appropriate timeframe, it nonetheless is an
option that Seashore Marina will continue to monitor and explore as an alternative to undertaking
the DR! for the site.
We may, from time to time, as feasible during the development activities, conduct special
revenue generation activities that are allowable under City regulations such as boat sales from
temporary facilities.
.
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Financial Statement
Project financing has been assured for this project by Leazer Financial Services ofRaliegh,
North Carolina.
The specific funding documents are still being processed to produce a commitment letter by
Leazer Financial Services within one week. This document is to be delivered directly to the City
onCe all the authorizing signatures are obtained.
QUestions that may arise before this delivery can be discussed directly with Ben B. Leazer,
Registered Equity Broker, Leazer Financial Services, 3927 Browning Place, Raleigh, North
Carolina 27609, Telephone (919) 787-4011/Telefax (919) 510-8356.
Permitting Statement
The following list addresses the various permits expected to be required for undertaking the
planned development of Seashore Marina on this site. Each regulatory agency is separately
addressed with a list of the permit( s) needed from each, the planned submittal dates and
estimated issuance dates of each given relative to the date of closing on the land. The :first time
estimate is our planned time for closing on the land.
As an opening comment on the permitting process, please note that the planned development of
this property is consistent with the City's Comprehensive Land Use Plan including the Coastal
Management Element, the Conservation Element and the Future Land Use Element.
Land Closing: I am prepared to close on the purchase of the land within 60 days or less. I
presently hold a title policy on the land based upon a bona fide title opinion I obtained earlier.
City of Edgewater:
Clearing and Grubbing (Site Cleanup) Submit in two weeks, issuance in four weeks
BPUD Submit in four weeks, issuance in 120 days
Site Engineering (Grading & Paving, Utilities, Stormwater, Landscaping) Sub~t in four
weeks, issuance in eight weeks
Building Permits: Submit upon approval ofBPUD, issuance following three weeks
Special temporary activity permits: We would seek temporary permits, consistent with
City regulations, for interim sales offices and amenities for start up of boat sales on the
site in a fashion similar to a temporary bank branch building on a site slated for
construction of permanent banking facilities while full development design and
permitting is in progress
Florida Department of Transportation:
Driveway onto US 1: Submit in 30 days, issuance in 60 days.
SJRWMD:
Stormwater
Lagoon Dredging.
Submit in four weeks, issuance in 10 weeks
Submit in four weeks, issuance in 12 weeks
Regional Planning Council:
DRI/DCA Submit for a pre-development agreement in four weeks, submit for
an ADA in 90 days and, issuance of a development order in 9 months
Permitting Statement, PAGE TWO
Florida Department of Environmental Protection:
Wetlands Resource Permit (Seawall opening phase for the lagoon) Submit in four weeks,
issuance in six months
Submerged Lands Lease (None required for this project)
Clean Marina Designation Submit in four weeks, i$suance a time of completion of
construction and four weeks operations ~
US Anny Corps of Engineers:
Wetlands Resource Permit (Seawall opening phase for the lagoon) Submit in four weeks,
issuance in six months
Certificates of Occupancy:
Completion of build out in eighteen months
General Discussion Concerning Manatee Protection Relative to This Site
Obtaining permits to build any marina facility in V olusia County at present is faced with
concerns for manatee protection. However, several factors reduce this issue for our proposed
project and we are prepared to carefully address these during the permitting, most particularly
the DRI, process.
Factors meriting favorable consideration are as follows:
. The site is singularly discussed in the present draft of Phase 2, the Marina Facility Siting
Plan, of the Volusia County Manatee Protection Plan as lying within Zone 6 having a
Medium Risk Designation. The site is further discussed as being suitable for a marina
facility .
. The boat market planned for service at this site is of the larger, slower variety of vessels
which are limited to the Intracoastal Waterway's deeper channels and make far less frequent
trips to and from the site. Speed regulations in this waterway in the vicinity of this site are a
further layer of manatee safeguard.
. The draft Volusia County Marina Facility Siting Plan offers up some innovative and, we
believe, effective manatee conservation techniques. We have examined the proposed point
weighting system for these measures against those features or activities we plan for this site.
The Draft Plan assigns requirements to implement minimum conservation measures of
different threshold values depending on the risk category of the zone within which the site
lies. Low risk zone projects need to plan for 10 points. Medium risk zone projects need to
plan for 25 points. High risk zone projects need to plan for a minimum of 50 points.
According to the recommended point table of Attachment M of the draft plan, we have found
our plans would qualify for better than 90 points in an area requiring a minimum of 25 points
in conservation measures. We are prepared to assert our strong commitment to manatee
protection as evidenced by these plans.
SI';Jm()m:~
Public Services
We divide this discussion into two significant categories - (1) services required by Seashore
Marina from the City of Edge water as part of the development process or continuously after
development, and (2) services that Seashore Marina plans to provide to the public on a regular or
continuing basis once open and operating.
Services required by Seashore Marina from the City of Edgewater
Upon sale of the land to Seashore Marina, we would require close coordination with City staff on
ali land planning and permitting processes. We do not expect nor request preferential treatment
on items placed before City staff. However, we do ask that City staff aggressively share its
insight with suggestions and guidance as to features within City policies and regulations that
would streamline or enhance development and early generation of revenues on the site.
Although we are not aware of any inconsistencies with our proposed project and the City's
Comprehensive Plan, we also request that the City's Comprehensive Plan be reviewed and, if
necessary, amended to support the activities planned by Seashore Marina on the site as set forth
in this proposal. We do not seek any role by the City serving as an applicant for any permits on
our behalf However, we do request appropriate City representation involving staff participation
in discussions and support of our development team with the Regional Planning Council, the
Water Management District, the Florida Department of Transportation and other regulatory
agencies having jurisdiction over our development program. And, we request the City explore
its legal authority to provide tax incentives and authorize the maximum incentives available to
this venture during the critical first three years of development and start up of operations.
Long term services required by Seashore Marina include delivery of normal utilities such as
water, sanitary sewage treatment, natural gas, police and fire protection.
Public services that Seashore Marina plans to provide on site
. Economic benefits that are expected to be of general public value include regular
employment ranging from 100 to 150 people in jobs with a median income of some $25,000
as well as some $200,000:1: per year in property tax revenues and some $300,000:1: per year
in sales taxes being generated by the business activity on the site.
. Obtain and maintain the FDEP clean marina designation which would include establishing
and maintaining a hazardous materials drop of disposal site open to die general public
Public Services, PAGE TWO
. Constructing, maintaining and making available a meeting/education room for classes in
manatee awareness, US Coast Guard boating training or other public education programs for
general pubic use
. Recreation amenities for family outings including a swimming pool, volleyball court, picnic
shelters similar facilities
. Sale of boats, motors and related products to the City at cost for Police or Fire Emergency
response services and make available storage and launch facilities on site available 24 hours
a day as long as deemed necessary by the City
. Special events on site on a regular basis such as fishing tournaments or boat shows that
would attract numbers of visitors to Edgewater from time to time
. - Facilitating access to the Indian River for public education/environmental involvement
through programs conducted by the Marine Discovery Center being developed in New
Smyrna Beach
Page 1 of2
,;--
Julie Christine
From: Tomsmarina@aol.com
Sent: Thursday, October 30,2003 11 :44 AM
To: jchristine@cityofedgewater..org
Subject: cost projection of improvements on 60 acre site
from
Tom _Krug Seashore marina
5424 fan palm court
port orange fl 32128
Julie here are some of the items that will be taxable improvements on the 60
acre site
high &dry building
sales/service/ship store
floating docks
restaurant/tiki bar
game room playcenter
volley ball
pool/childrens area
boatel/18 to 24units
roads/sewer/water/gas/e/ect/fire protection
lanscping
all are hard cost
in addition land cost & excavation
total$ 18mil500k
$3mil800k
soft cost such as
attorney fees
planner
engineer
architect
team manger
site set up fees
plus any other expences of overun of 20%
total$2mli500k
grand total of
$24mil 800k
if Ken wants break down of prices will be able to give him rough estimates as
some of my bids i have already received will most likley change
Thank You
Tom Krug Pres
10/30/2003
.
.
Seashore Marina, fLe
5'ill
Tom Krug, President of Seashore Marina, LLC wail"
largest boat dealer on Long Island, NY simultaneously
owning four marinas at one time for years
A worthy project that well
represents Edgewater in its
Decade of Excellence
He has lined up excellent boat product lines and olber fme
products and se!Vices Ibat will bring customers to
Edgewater
This project combines Ibe special features ofhis several
earlier marinas onto one site
ill! Seashore Marina,,~LC;
S<n.v","~' -;a.
.. ""';"''''
_._ Seashore Marin~
Quality Family Oriented Recrea:o~'~ ., ...,.
Commercial Marina Facility
. Boat Sales, Storage & Service
. Seafood Restaurant & Tiki Bar
. Park & Playgronnd Amenities
. Transient Accommodations for passing
manners -
. Complementing Retail & Service Shops
~
idiI
~K"I&"r,I-1~'1
,. Seashore Marina,~L.LC
.",."v..,..u~,~,_
. Restaurant FaCilitieS'~:""i
. Boat Sales
.
.1
.
.
~ SeashoreMarina,.L
~'1C-Ji.t{.1-11i-lJ'oj,.1
. Seashore Marina"LLC
).r..U'((:JI.I:~I-1JOlS.l
- Economic benefits to the area
- FDEP Clean Marina Designation
- HazMat drop off facilities
- Pnblic MeetinglEducation Facility
- Support of City Marine Public Safety Programs
- Special Events
- Environmental Experience & Education Programs
. Economic Impacts
- Impact fees
- Property taxes
- Sales taxes
- 100-150 employees with high median income
- Area spending of many visitors
. Public Services we plan to provide
Seashore Marina, LLC
, ,"',r,':': ,-,
· Manatee Safeguards
- Site is in VC Zone 6, Medium Risk and is
designated as suitable for a marina
- We plan to serve a market oflarger, slower
vessels that operate in the ICWW channels
- We plan on incorporating numerous manatee
conservation measures in operation of the
facility
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. Residences on this site will only produce
years of strong complaints to this City
Commission
. Present Edgewater residents are largely
boaters that would be very appreciative of
you approving the Seashore Marina
proposal
.
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Ia1 Seashore Marin(;l,;:L~C
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Advantages of the Seashore Pro~~' ".. >..
- We have a dear vigon of the marina complex. for Edgewater's
Decade of Excellence
- We have a solid financial package along with the permitting,
construction and marina operaaons skills. knowledge and
experience
- We will have no residents to comliain to the aty Commission
about our neighbor "JuDsances"
- Liberal public access to the liver for all Edgewater citizens
- We are prepared to close on the land witbn 60 days and without
conditions on permi1s being in hand
We are prepared to immediately commence
survey, design and permitting activities to
aggressively obtain permits, commence
construction and establish early revenue
flow from commercial activities.
We thank you for this opportunity.
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575 South Wickham Road. Suite E, West Melbourne, FL 32904
Telephone (321) 723-9888 Fax: (321) 723-9888
October 16, 2003
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City of Edgewater
Purchasing Agent
Attention: Julie Christine
104 N. Riverside Drive
Edgewater, FL 32132
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Re: Requestfor Proposalfor Purchase and Development of60-Acre Waterfront Site
RFP# 03-0GS-OJ
In response to the above request for RFP, below and enclosed please find the following:
1. One (1) Original and Four (4) copies of Response to RFP #03-00S-01
2. . Three (3) Concept Plans
3. Selected materials to introduce the Clark Development team
Additionally, our response to item 4.1.a. is as follows:
The development and construction team includes the following members and entities:
~ Clark Development Company, Mr. Coy A. Clark: Mr. Clark represents the
development team
~ B.S.E. Consultants, Inc., Mr. Scott M. Olaubitz, President, will provide
engineering, surveying and environmental details of plan development,
permitting and construction management.
~ Oskie Development Associates, Inc., Mr. Harvin Clark will provide local
experience. He will act as a local liaison and will provide inputto project
management, permitting and construction.
~ Intervest Construction, Inc. (I.C.I.) based in Daytona (see attached for sample
housing product, entrance design, etc.)
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Ms. Julie Christine
October 16, 2003
Page 2
Clark Development Company has successfully developed 32 projects totaling
approximately $629,000,000 in construction cost over the past 23 years. The Clark
Development Company is excited about this opportunity and expresses their sincere
desire to work with the City of Edgewater in acquiring and developing this property.
The concept proposed by the Clark Development Company team is sensitive and
considerate to existing neighbors located north and south of the property, will consist of
high end, high quality home sites and will not draw on capital contribution from the City.
We estimate that the project will generate construction expenditures of $32,000,000
through completion of site infrastructure and vertical construction, will generate over 500
construction jobs, over 50 permanent jobs at build-out and associated tax base. The
$3,500,000 purchase price includes $50,000 for City reimbursables and $400,000 for the
City to use in developing a City park at a location selected by the City.
The purchase price presented is $3,500,000. The terms are:
. $50,000 refundable escrow deposit
. Balance due upon completion of Annexation, Comprehensive Land Use Change,
Zoning, City Site Plan Approval, and completion of a Development Agreement
Our anticipated schedule is as follows:
. Selection by the City as the developer - 3 months
. Annexation, land use, zoning, site plan, Development Agreement - approval 3-9
months (dependant upon regulatory agencies)
The Clark Development team is not eligible for any real estate commission from the
seller. It is our request that the City be a strong supporter of our permit applications, that
the City utilizes the excess monies of the purchase toward development of facilities
desirous to the City at a centralized City location.
We have attached materials to introduce the Clark Development Company to the
selecting members.
We respectively request your consideration of being selected as the top choice for this
RFP.
Sincerely,
~C. /J() .
. ~_ LXQ..o....,.(U
oy A. Clark
President
Clark Development Company
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Request for Proposal for Purch.ase al'ld
Develop'n'lent of
60,Acre Waterfront Site
RFP # 03,OGS,O 1
575 South Wickham Road, Suite E
West Melbourne, FL 32904
TEL: (321) 723-9888- FAX: (321)768-2009 ,
PREPARED FOR
City of Edgewater
Purchasing Agent
Attention: Julie Christine
104 N. Riverside Drive '
Edgewater, FL 32132
October 16) 2003
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4.1.b. Proposal
The use of the property as proposed by the Clark Development Company is a multifamily
residential development with town houses, condominium components, recreational boat slips,
pedestrian trails, clubhouse with swimming pool, fishing pier and a sought after quality of life
community. We have enclosed three concept plans, knowing that City Staff will appreciate that
good planning takes time and that the final plan will be an evolution of our presented concepts
and wpl be modified in accordance with the sites' characteristics, surrounding land use,
community input and many other factors that require careful consideration when developing and
creating a project.
The site will be developed in phases, with phase sizing tailored to meet absorption rates
identified within our marketing study.
The Clark Development Company has developed over 32 communities. It enjoys a relationship
with each community where the residents welcome the developer long after the project has been
completed. The strategy, successfully used over and over again, includes:
. Know the site and characteristics of a site
. Become familiar with local government and understanding their vision of the community
. Approaching permit agencies early on in the process
. Include development components that create a sense of arrival and community pride
. See attached Coy A. Clark Company information book.
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4.1.c. Financial Statements
A complete financial statement, references from financial institutions, loan and repayment
statements are enclosed.
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Wachovia Bank, N,A.
Brevard County Administration
FL2614 .
100 South Sykes Creek Parkway
Merritt Island. FL 32952
Tel 321 639-5300
Fax 321 639-5289
~~i(JJHIOi\;1J[p..l..
October 9, 2003
To Whom It May Concern:
Re: Mr. Coy A. Clark
575 S. Wickham Road, Suite E
West Melbourne, Florida 32904
This letter is to provide a reference on the subject individual, who has been both an
excellent customer and a valued Director ofWachovia Bank's Brevard County
Advisory Board. Mr. Clark has been a Director for approximately 18 years and has
been an integral part of our on-going success during that period of time. As a
commercial borrower of the Bank, he has been extended credit facilities in the
amount of eight figures, all of which are or have been handled in a satisfactory
manner.
Mr. Clark's reputation in the community is without blemish and he has been in the
forefront of numerous not-for-profit organizations and civic projects, and has
always assumed a leadership role in both.
Wachovia Bank is fortunate to have a relationship with Coy Clark and his various
entities, and looks forward to maintaining this invaluable partnership for inany years
to come.
Should you have any questions or comments relative to the foregoing, please write
or call me directly. Thank you in advance for any courtesies extended to Mr. Clark
and/or his affiliate organizations.
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October 7.2003
To Whom It May Concern:
CFO Strategic Partners currently serves as The Coy A. Clark Company's ChiefFinanciaJ
Officer. With over 23 years of experience in this industry, Coy and his development
company are extremely well-respected in the community. The current project list and
backlog of work in the pipeline further depicts the strength of this company's abilities.
Anticipated funds within the next 6 months, from several key projects alone, exceed the
purchase price of this property. In addition, the organization has the ability to perfoml at
the highest level of quality. Their internal staff collectively has years of experience, not
only in the industry, but specifically with The Coy A. Clark Company.
Coy Clark, personally, is favored and well-respected by local banks. He has a history of
paying debt earlier than the agreed upon loan ternlS and reports significant equity in
current real estate holdings. His net worth is currently estimated in excess of $15M.
1fT can provide further insight, or additional infonnation, please do not hesitate to contact
me.
Thank you,
,/
~~._--'"
Shannon B. Brouillette
President
CFO Strategic Partners
'HC'.' 407.426.8288
'.'. 407.426.8287
'321 Edgewater Drive. Suite 5 . Orlando. Florida 32804
www.cfosp.com
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SouthTrust Bank =
P:) Belx 2j~l~j
iJiqWU Fi']r:c2. .32E:J2
October 7, 2003
TO YVHOM IT MAY CONCERN:
This letter is to confirnl that Coy Clark is a customer of SouthTnlst Bank.
Over the past eight years the bank has financed the development of four
different residential projects for companies owned by Mr. Clark. These
subdivisions included Heron Crest; Portofino Bay; Waterford Lakes and
Majestic Oaks.
Two of these projects have been built out and the loans paid off. The other
two projects are active and the loans still in place. Sales in these projects are
running ahead of our projections.
Mr. Clark has always met the provisions of his loan agreements with
SouthTrust Bank and is good standing with the bank. His total loan
commitments have exceeded $7,000,000.
SouthTrust is always interested in considering new loan requests from Coy
Clark on the projects that he is developing.
)1Z:U~ ilJ tl~
Travis Williams
Vice President
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4.1.d. Permitting Statement
The concepts presented for development of this parcel will require the following agency actions:
1. Local Government Approval
. Zoning
. Comprehensive Plan Amendment
. Development Agreement (if desired by the City)
. Annexation
. Site Plan Approval
. Technical approvals for utilities, stormwater management, platting and
construction plans
2. Outside Agency Permits
. Water Management District
. Army Corps (Water feature)
. FDEP
.FDOT
. Volusia County
The project as conceptualized' will not trip Development of Regional Impact (DRI) thresholds.
The residential unit threshold for Volusia County is 2,000 units and other components, as
proposed, do not surpass DR! thresholds.
The Manatee Protection Plan continues to evolve. Consideration of speed zones, signing and
elements of the plan will be adhered to.
The Clark Development team has successfully permitted riverside projects with boat slips, golf
course projects, low to high income projects, commercial and mixed use projects. Our combined
experience represents over 75 years of development and permitting expertise.'
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4.t.e.
Pubic Service
The Clark Development team requests that the City be a strong advocate supporting our
applications and assist with local support. We do not request that the City be applicant or co-
applicant on permit applications.
Public services required will be similar to typical develop~ent needs and will include utilities,
access to the roadway network and government facilities.
Mitigation requirements, associated with construction of boat slips, will be identified through the
permitting process and negotiated at that time.
The Clark Development team proposes to shoulder the permitting process and does not intend
that the City direct resources to that end. We only request City support in the form of verbal and
written endorsement. .
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The Coy A. Clark Conlpany
President and Chief Executive Officer
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After Coy A. Clark received his Bachelor of Science in Education degree from
University of Central Arkansas in 1964 and his Master's Degree from the
University of Mississippi in 1967, he served as an Elementary and Junior High
School Principal in Arkansas and Florida for 9 years.
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In 1970, he moved to Brevard County, Florida as a
school principal. He became a Real Estate Broker in
1973 and began development projects in 1978. In
1981, he received the coveted CCIM (Certified
Commercial Investment Broker) designation. That
same year he started The Coy A. Clark Company,
and has developed over 14 residential communities
in Central Florida (see Residential Development), as
well as numerous commercial development projects
in Brevard County (see Commercial Development).
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Some of his major accomplishments include:
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Coy A. Clark
Conceiving the 150,000 square foot Rialto Office Building / Hilton Hotel
development concept, securing the major tenants and overseeing the
construction of the project in Brevard County, Florida. He worked directly with
Sam and Rob Walton in the development of the first 15 Wal-Mart Stores in the
State of Florida. He has served on the Wachovia Advisory Board for over 15
years and has been involved in a leadership capacity in various community
service organizations, including President of the Homebuilders and Contractors
Association of Brevard, President of the Committee of 100 (currently the
Economic Development Commission), President of Keep Brevard Beautiful and
served on the Chamber Board for 6 years. .
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Mr. Clark and his wife, Tabitha (Tobi), daughter, Hailey and son Brigham (Brig)
reside in the quaint oceanfront community of Indialantic, Florida.
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Leadership Recognition and Honors
',' At the University of Central Arkansas (1960 - 1964) Mr. Clark was President
of his Junior Class, President of Pi Kappa Alpha fraternity, selected to Who's
Who in American . Colleges and Universities (2 years) and Captain of his
football team his Senior Year.
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'.' In 1968, Mr. Clark was an elementary school principal and was selected as
Outstanding Administrator for the Little Rock, Arkansas School District.
.:. In 1969, Mr. Clark was an elementary school principal for the Little Rock
School District and was selected by the Jaycees for the prestigious Man of the
Year Award for the State of Arkansas.
Bank Relationships
.:. Advisory Director, Wachovia Bank of Florida (1985 to present)
.:. Advisory Consultant, Security National Bank of Florida (facilitated
establishment of Security National in Brevard County, 1990)
Community Activities
.> Past Director; Greater South Brevard Chamber of Commerce
.:. Director, Past Chairman, Melbourne/Palm Bay Development Council
.:. Advisory Board, Florida Institute of Technology
'.' Director, Brevard Economic Development Council
.:. Past Chairman, Keep Brevard (County) Beautiful
.:. Director, Home Builders & Contractors Association of Brevard (1992 -
present)
.:. President, Home Builders & Contractors Association of Brevard (1993)
.:. Board of Governors, Brevard Community College
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Developlllent Projects
Mr. Clark has developed several office buildings and shopping centers. He
owns and/or manages the following retail properties:
Reflections on the River Office Center
Babcock Oaks Office Building
The Riverfront Building
Suntree Station Retail Center
Metro West Shopping Center
Sarno Road Professional Building
Point West Retail Center
Renaissance Retail Center (Sold)
West End Shoppes
Florida Retail Center
Total
22,400 SF
20,000 SF
12,000 SF
18,400 SF
62,500 SF
18,360 SF
6, 500 SF
54,500 SF
6,500 SF
5.500 SF
226,500 SF
Mr. Clark has developed well over 3,000 single-family lots in sixteen
subdivisions in Florida in Brevard, Osceola and Indian River Counties.
These Projects include:
Sweetwater Estates
Watermill Estates
Carriage Gate
Wickham Forest
Feather Lakes
Blackberry Estates
Sunset Lakes
Baytree Golf & Country Club
Sheridan Woods
Porto fino Bay
Carisbrooke
Heron Crest
Hickory Green
Waterford Lakes
Majestic Oaks
*Tamarind Estates
*Summerwood Villas
*Countrv Club Estates
Total
125 Lots
95 Lots
161 Lots
316 Lots
150 Lots
180 Lots
430 Lots
625 Lots
96 Lots
20 Lots .
44 Lots
53 Lots
98 Lots
262 Lots
155 Lots
54 Lots
77 Lots
80 Lots
3,021 Lots
*Development Phase
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Wacllovia Bank, N.A.
Brevard County Aclministration
FL2614
100 SOUtll Sykes Creek Parkway
Merritt Island. FL 32952
Tel 321 639-5300
Fax 321 639-5289
- WA.CJHIO'Y:[}1.
October 9, 2003
To Whom It May Concern:
Re: Mr. Coy A. Clark
575 S. Wickham Road, Suite E
West Melbourne, Florida 32904
This letter is to provide a reference on the subject individual, who has been both an
excellent customer and a valued Director ofWachovia Bank's Brevard County
Advisory Board. Mr. Clark has been a Director for approximately 18 years and has
been an integral part of our on-going success during that period of time. As a
commercial borrower of the Bank, he has been extended credit facilities in the
amount of eight figures, all of which are or have been handled in a satisfactory
manner.
Mr. Clark's reputation in the community is without blemish and he has been in the
forefront of numerous not-for-profit organizations and civic projects, and has
always assumed a leadership role in both.
Wachovia Bank is fortunate to have a relationship with Coy Clark and his various
entities, and looks forward to maintaining this invaJuable partnership for many years
to come.
Should you have any questions or comments relative to the foregoing, please write
or call me directly. Thank you in advance for any courtesies extended ~o Mr. Clark
and/or his affiliate organizations.
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October 7, 2003
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TO WHOM IT MAY CONCERN:
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This letter is to confirm that Coy Clark is a customer of SouthTrust Banle
Over the past eight years the bank has financed the development of four
different residential projeCts for companies owned by Mr. Clark. These
subdivisions included Heron Crest; Porto fino Bay; Waterford Lakes and
Majestic Oaks.
Two of these projects have been built out and the loans paid off. The other
two projects are active and the loans still in place. Sales in these projects are
running ahead of our projections.
Mr. Clark has always met the provisions of his loan agreements with
South Trust Bank and is good standing with the bank. His total loan
commitments have exceeded $7,000,000.
SouthTrust is always interested in considering new loan requests from Coy
Clark on the projects that he is developing.
'7Zuu~ [(j {(~f;}rt
vTravis Williams
Vice President
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WaR=>MClf't Stor'esa Inc.
Sam M. Walton
Chairman end Chief Executive Officer
January 27, 1982
Mr. Coy "C.A." Clark, P.A., G.R.I.
Licensed Real Estate Broker
Professional Properties of Brevard, Inc.
244 Fifth A venue
Indialantic, FL 32903
Dear Coy:
I was very glad to hear from you and wish I could have visited with you when
you were here, in Bentonville. As you know, we have not entered the state of
Florida with our stores, but we hope to be there before long. If and when we
do, we will certainly be pleased to talk to you about locations there in the
Central East Coast Florida region. My brother-in-law has kept me posted on
its growth and opportunities; we hope to be there sometime in the future.
Best wishes for your continued success. Come back and visit when you can.
Very truly yours,
~'/~v i:!)a~~
Sam Walton
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SW/wpt
P.O. Box 116, Bentonville, Arkansas 72712
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Vol. 7 No. 14 October 23, 1989
$1.00
A Weekly Space Coast Publication
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, BBN photo - Adrienne Roth
Coy Clark contacted Sam Walton In 1979, trying to convince him to expand
In Florida.
Arkansas connection brings
Sam Walton, Clark together
in Florida Wal-Mart deals
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connections, I
By Ken Datzman
lCo). CI;;;:G~riative of Bentonville,
Ark., whose hobby is growing trees,
did a nice job Of sprouting Wal-Mart
shopping centers along the East Coast
of Florida, including the new Sam's
Wholesale Club in Melbourne.
Clark, a Brevard County developer
who specializes in office buildings,
single-family subdivisions and shop-
ping centers, developed 15 Wal-Mart
locations in the state.
He had the right
though.
Bentonville is a well-known small
town. It's home for Sam Walton, one
of America's wealthiest and founder
of Wal-Mart, the third largest retail
chain in the nation. Clark was raised
there, too. He grew up with the
Walton family and shopped in their
dime store in Bentonville.
Clark, an Arkansas school principal
turned developer who moved here in
1970, thought Florida looked ripe for
Wal-Mart stores and wrote Walton.
"I started \vriling Mr. Wahon in
1Y79," said Clark, who formed The
Coy Clark Co. in 1984, "asking him to
come to Florida and look around (for
store sites). He wrote back and said
'we're coming, and when we do we'll
call you.' And he did."
The decision to build Wal-Mart
stores in Florida was made.
- - - .... -~.
Coy Clark c'onceived
the 1 O-story Rialto Place
project in Melbourne.
He brought together all
the major players. He
handled the zoning,
engineering, permitting
and brought in the
anchor tenants.
Clark, who has eight commercial
investors working for him under the
direction of Don Norio, is known for
putting together some of Brevard's
biggest deals, including the to-story
Rialto Place in Melbourne. The land
was owned by Jim Wilson of
Montgomery, Ala. Wilson asked Clark
to sell the property for him.
Clark concei ved the Rialto projecl
and brought in all the major player';.
He handled the zoning, engineering,
permitting and brought in the anchor
tenants and was a consultant to Wilson
on the $40 million project.
"I enjoyed everyone of them," said
Clark about conceptualizing projects.
Please see Coy Clark, page 14
SPECIAL FOCUS .
f--
Coy Clark
Continued from page 1
"I love to create them and develop
them. It's exciting to me.
"You have to first identify the
market, if you miss the market you
got a big problem, and find the right
location because location is the most
important ingredient you can have."
Clark's Brevard projects include:
· He's getting ready to develop a
300-acre single-family subdivision in
north Merritt Island. The project has
yet AO be named. The homes will range
from $125,000 to $150,000. The de-
velopment will have a 13-acre output
driving range, tennis courts, pool and
bath house.
III The four-story Reflections, a
21 ,OOO-square-foot waterfront office
building on South Harbour City
Boulevard, recently opened. Clark
. had been "watching the property for
years and wanted to purchase it. The
property had never been for sale until
recently." A.G. Edwards has its office
there and so does The Coy Clark Co.
· Wickham Forest, one-half mile
north of Brevard Community College
in Melbourne, has 316 lots. The sub-
division will open this month. There
are four major builders and 230 of the
lots are presold. Homes will start in
the $80s.
n Feather Lakes is a 150-lot subdi-
vision on Florida A venue. Clark is
developing it exclusively for Mer-
cedes Homes. Homes will sell in the
$80s.
II Carriage Gate, a 161-10t heavily
treed subdivision, was finished in
January. However, lots are still avail-
able. One-half acre lots with homes
start at'$180,000.
ID Some commercial developments
are Babcock Oaks, a two-story office
building with 21,000 square feet;
Suntree Station, an 18,000-square-
foot shopping center; and MetroWest,
a 62,500-sQuare-foot shopping cen-
ter.
Clark, a member of the Commer-
cial Investment Real Estate Council,
has always had an eye for opportu-
nity, it seems.
When he lived in Little Rock, Ark.,
in the late 1960s, Clark borrowed
$1,800 from a friend, had a duplex
built then rented part of it out. He was
single and lived rent-free in the other
half, pocketing $80 a month.
"I didn't know what I was doing,"
he said, "but I enjoyetl it."
At that time real estate wasn't his
business. He was an educator. At age
22 Clark, who earned a master's de-
gree in educational administration
from the University of Mississippi,
was a junior high school principal in
Arkansas.
In Brevard, he spent three years as
principal of Robert Louis Stevenson.
His next move was into real estate.
The year was 1973.
"Disney had just purchased 93
acres down at the South Beaches a
couple of years before," said Clark,
who won honors in Arkansas for
bringing innovative ideas to educa-
tion, "and my friends were selling
beach property making $100,000 or
more and I was making $15,000:'
He thought he could do it and tried,
but '73 was the wrong year to enter
real estate sales in Central Florida.
The market was flat. Clark made
$3,300 that year, and in '74 reached
$4,000. He earned $6,000 in 1976.' "I
got in at a terrible time. So I paid my
dues. "
A couple of years before starting
his own company, Clark was a partner
with Michael Gaich in the Clark-
Gaich Co. They both went on ,to form
their own companies. "We're still
good friends," said Clark, "and part-
ners in several things."
Clark's overall view of the market:
It doesn't need more retail right now
and it doesn't need more office space.
What I try to do is look at the market
and do what I think .it, needs.
That's why he's focusing on single-
family subdivisions.
~--
.
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MORTGAGE TIP
MORTGAGE RATES FALL
-REAL ESTATE
Having trouble qualifying? Consider
mortgage co-signers, such as parents.
After you get the loan, they can quit-
claim their part of the property to you.
Fixed-rate home mortgages averaged
8.23% last week, down from 8.24% the
week before, says a survey by the
Federal Home Loan Mortgage Corp.
SECTION H
th.Imi~~~&~.waMw_~_~~.IfiAlhJl1"iD~,~..W"".t~9W~"""".M!Y1mI'----...._~'a."""'.1K.:M.;!"'~.J~-fl~....._~~~lJ3aSL~~..ma.w...~~~
SUNDAY, January 12, 1992
ARM holders gain
allies in regulators
Though they haven't Officially said so,
rederal regulators appear to be Siding with
homeowners whose adjustable-rate mortgages
have been miscalculated by their lenders.
Regulators have told
lenders informally that
not only must they re-
fund overcharges but
they also cannot collect
from borrowers who
have been under-
charged. Moreover,
they can't trim their
losses by nelling, or
subtracting under-
Charges from over-
charges and paying
back only the differ-
ence.
The Comptroller of
the Currency, the Fed-,
eral Reserve Board and the Federal Trade
Commission are Quietly telling the institutions
they oversee that they cannot penalize borrow-
ers for errors the borrowers did not make.
Netting isn't a terribly important issue for
ARM borrowers who have been either under-
charged or overcharged. But if you've been
both under and overcharged, it could mean the
difference between a hefty payback and a
rather paltry one - or perhaps none at all.
Say that you were undercharged $1,000 in
the second year of your loan, overcharged
$2,000 in the third year, and undercharged
$1,000 again in the fourth. Instead of receiving a
$2,000 refund (with interest) from your lender,
you'd get nothing because the undercharge
. wipes out the overcharges.
Pat Jarrell, FlORIDA TOOA Y
Calculation errors/are common
, ,DEVELOPER COY CLA':!,K limited the size of the Reflections office building so he could save the towering oaks that cover the property, on U.S. 11n Melbourne..
"We see this type ot. 'error time and time .
again," says Robert carrer of LoariCheck, a San By Catherine Uden
Diego company that audits ARMs for consum- FLORIDA TODAY
ers. "When the lender uses the wrong charge Tn some, "development opening
date, interest rates are higher than allowed by soon" or "lots available" on a sign
the contract when rates are going up and lower In front of a strand of pine or oak
than necessary when rates are going down." trees is a depressing Sight. It
Netting also is important to the thousands of means the bulldozers"are coming; y.
ARM borrowers who are part of several class- and when they leave, the former vista will
action suits that have been filed against be paved in asphalt or dolled with look-
lenders. If it is allowed, it could cut the pool of allke houses.
refunds as well as the number of borrowers But it doesn't have to be that way, as
entitled to a refund by up to 36 percent. some Brevard County developers are
Obviously, the regulators' anti-netting stance discovering.
doesn't sit too well with lenders or their From angling roads around giant oaks
advisers, who maintain that netting is permissl- to setting out bird feeders to keep the
original residents happy, planners are
ble under the "right of set-off," a doctrine of blending buildings in with their environs
common law that is part of contract law in rather than letting them stick out.
most, if not all, states. The perception used to be that saving
According to Paul Schieber, a Philadelphia trees and native vegetation was too costly,
lawyer who represents lenders on various says Margaret Hames, chairwoman of the
compliance issues, the right of set-off simply Florida Native Plant Society. But that's
means that no party to the contract - in this changing. Cocoa helped set the tone with his mentally friendly things.
case, the mortgage - is entitled to anything "Friends who develop say there are Wlndover developments In Melhnume and "There are some who will Just come in
more or less than what's been agreed to. economic advantages to saVing trees. One Titusville, which feature mature trees. A and rape the land If there were no
In other words, just because the lender developer tells me the complexes he rents dedicated environmentalist, he's been regulations," he says.
makes a mistake doesn't relieve the borrower that have trees stay rented for a longer eager to get the word developer off the Hames sees that, too. What sbe thinks
of his obligation. period of time than the ones without," she dirty word list. matters most: whether developers are in it
"We're not aSking for anything more than says. He's pleased with some of the regula- for a quick buck or to leave their mark on
for the borrower. to live up to the terms of the Developer Jim Swann of EKS Inc. of tions that have made builders do environ- the landscape, Those who plan to work in See TREES, Nut Pale
Developers find trees add ambience, value to properties
town for years tend to see the value of
preservation, she says.
Hames and other environmentalists
pushed the county for years for regula-
tions that would help save trees and
vegetation.
. .They won a partlal'battle'ln 1989 with
the passage of the tree ordinance, which
reqUires commerclai' developers to re-
place or replant trees when theY remove
those of more than 10 inches in diameter.
The rule offers a reductlori in required
parking to save old trees and calls for
buffers of 'natural vegetation surrounding
the 'property. If there is none; develOpers
must plant a buffer.
Developers also must have a site plari
approved before they start clearing trees.
Residential developments use a point
system to determine the number of trees
that must be kept or planted. The system
sets a required number of points that must
be reached on a lot and assigns points to
trees hased on their size. Many, but not all,
municipalities in the county have similar
laws. '
As Reba Floyd, Brevard County urban
landscape planner notes, placement of a
septic system or storm water runoff often
Developers find
heighten value
Instead, he did some developer-
style bargaining. He asked the city
of Melbourne for a variance on the
city's 40-footheight limit to allow
him to build 50 feet high. In ex-
change: he limited the building to
21,000 square feet to save trees.
The result: "I didn't have to take
out one major oak tree."
It's not as though the variance
means his modern, mirrored build-
ing towers over the surrounding
vegetation. The oaks' definitely
have the advantage. "Fifteen or 20
years ago, it would have been
common to take all the oak trees
down," explains Clark.
He doesn't think the extra effort
cost him much more - about $5,000
up front for a tree study, a pittance
on the scale of a $3 million building.
He has reaped reward in leasing.
Renections was 70 percent leased
before it opened - a periOd of glut
in Brevard office space -and now
is 100 percent leased. It's such a
pretty site, he moved his offices
there.
"If you treat the ,site right,
people will come," Clark says.
Selling ambience
Lauren Munson grew up around
real estate. Her father was a
developer who also loved wildlife.
As a Realtor the past three years
with ReMax Inc. on Merritt Island.
Munson also has a keen eye for the
kind of ambience that moves prop-
erty Quickly. .
So when the opportunity came
along to form a partnership to
develop a heavily wooded IS-acre
site off S. Tropical Trail on Merrill
Island, Munson was ready.
The partnership, with attorneys
James Theriac and Richard Amari,
resulted in The Woods at Crooked
Mile, a 30-Iot residential devel-
opment. Marketing for the project
began a year ago, and the part-
nership already has sold 22 lots.
Building is scheduled to start this
spring.
"The lots sold very easily be-
cause of the heavily wooded area,"
says Munson, who thinks wooded
lots are almost always easier to
market. "They offer more ambi-
ence and desirability:'
Munson estimates abundant
trees add $2,500 to $5,000 to the
price of a lot. The one-third-acre,
half-acre and one-acre lots range in
price from $48,000 to $79,900.
The developers, South Island
Properties, have added to that
atmosphere with plans to install gas
-Dentist offers patients, nature a gift
TREES, From IH
takes precedence over saving trees.
She's now trying to save trees in
danger of being cut down to make
an area for storm water runoff on a
lot. .
Regulations or not, some build-
ers go the extra mile to preserve
trees. Here are examples of build-
ers' efforts to shed a little shade on
their projects.
Working among the trees
Brevard developer Coy Clark,
owner of Coy A. Clark Co., probably
has. torn down more trees in his
almost decade-long building career
than he can count.
But when he was contacted
about developing a wooded site
along the Indian River in 'Mel-
bourne - a location that had been
in one family since the 1880s -
Clark knew the job would be differ-
ent.
"( could have made the building
30,000 square feet, but that would
have meant removing several large
oaks," says Clark, referring to his 2-
year-{)Id Renectlons on the River
building, at 1499 S. Harbor City
Blvd.
Dennis Carmody loves nature. At his Cocoa
Beach home, he's slowly digging out the thirsty non-
native plants on his lot and replanting in the
xeriscape fashion.
That means USing native plants that need little or
no maintenance and Infrequent, If any, watering. He
didn't consider doing the same for his new dental
office until he saw a potential piece of property.
"I saw the site and determined it was so beautiful
I had to come up with a site plan that would work
with the natural surroundings," Carmody says.
The location, on South Woods Drive between
Murrell Road and U.S. I near Eyster Boulevard In
Rockledge, is surrounding by tall pines and oaks. It
opened in December. Carmody put in a special type
of concrete parking lot that allows water to drain
through the surface and percolate, thereby avoiding
the runoff that can foul streams and rivers. That
cost about $2,500 extra. .
He consulted the Florida Native Plant society
about xeriscaping the lot.
In addition, he installed bird feeders and expects
the property to be registered with the National
Wildlife Federation as a wildlife habitat because it
provides food, water and shelter on the Quarter-acre
lot.
A bonus: Carmody says he'll save money on
maintenance in the long run. With the exception of a
small patch of Florida-native Bahia grass, he has
nothing that needs to be fertilized or cut.
Although he has installed a sprinkler system to
help some of the newly planted items take root, he
doesn't expect to use it after the first few months.
Possibly the biggest payoff is for his patients. He
designed each patient room with a noor-to-ceiling
window that overlooks the habitat. "Everyone has
said they like it and I think it helps them stay calm,"
Carmody says.
- Catherine Liden
lights and deed restrictions that will
keep the trees on the newly sold
lots. The main street was curved to
create islands for existing trees.
A tree survey completed ahead
of time helped the developers
divide the land into lots in a way
that kept trees standing. They
created an island in the middle of
the retention pond to save one of
the oak trees.
Munson says plan reviewers for
the development wlll encourage
residents to xeriscape and build
homes in the old-Florida Victorian
style. The development features a
cobblestone entry.
"People who have contracts on
the lots are all individuals inter-
ested in building, not developers,"
she says.
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'1993 OffIcers ana Directors Installed
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PRESIDENT COY. A. CLARK
Coy A. Clark .r C.A. Clark
Development ha. been a mem-
ber or the HBCA Ilnee 1987,
serving on numerous commit-
tees Bnd councU.. Coy Wat 1992.
t st ylce pre.lden~.
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Coy Clftrk....p;e.~~tlng . plaque-to
Kay Blahauvletz ror hl. eenlce as 1992
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Rep. Harry Goode Inst.nlllng Lanette
Ouellette as 2nd V.P. Ilnd Glen Shock.
ley as Treasurer
". Lanette'Ouellette'Century 2001.
1.t Vice President . - 2nd Vice President
Duane Ankney . J..ane.t~~ . ha. ~een active In.
Duane: . Ankney' of. Cava]ear ~ the::- aU~cl~Uon' ~tnce:: ] 985.
ProPertfeil' has been a member Lan~tte" he'- aened on the
01 the HBCA .Inee 1990, eery.. Memberehlp Committee, As.o.
In9 on the Government Affaire elate., ;~:'_Councn, Home ~.Show
and Common Ground Commlt~ Commltt~lte and ha. ,been. o.n ~
teee. the' BOlllrd~,ol ,DIredors 'slnce'
1987. :" .
":~'B
.;.... Tim McWilliam.".: . Glen Shockley
MeWillll,me COnSh~~tlo_~ Margaretten & CO~
--.;.,,~ Tlm"Mc:'~J~::~a.'?h~~ ~~'~ a . Tree.urer T." ";".
membei"'ol the HBCA since 1980~ . Glen Shocldey ,~!..~_~nlng hili
He'tea longtime member ofthe'~", fifth term.. Ireaeurer thle year
Board 01. Director.: and .'ICtlVe.,~.. : lor.~h~ ~~B:C^ ~nd ~all_.~,:"ed on. "
""lth.?the;~.Sitle"':, &"'Matketlrlg"'~' Mo~gage Rna.no~~ ~omo:alttee.
C-' 11 ,0. L. II I. th C .- A..oelates Council and Mem.
. G;::::d ~:::~I:tee. e ommon '~uhlp Committee.
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IT'S NEYER.
TOO EARLX"!
PREPARE NOW FOR
THE 1993
SPRING
PARAD~.,bF
H.011ES
MARgH'27 thru'
APRIL 4th
CHECK WITH
FRANCK KAISER AT,
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DISCOUNTS
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t?(~OKL~t?S COV....!=IL
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(See related article
on page 13)
. 'Ilie ojfic"as, '.Dimtcrs ami Staff
'..1dsh YcU.~ Joyous 9{oMay Seaso/l
~uf a prosfxrous ~Year
HBCA 0,.. !IREVARD . ,
laGO W. [AU GAlUE BLVD.
MELBOURNE, FL 3283S
ADDRESS cOt\REcTioN REOUESTED
'..
BULK RATE
U.S. POSTAGE
PAl,!?.
COCOA
FLORIDA 32922
P~RMIT. NO. 80
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The making of a golf course
More designs
keep average
player in mind
By Pbllllp Fiorini
FLORIDA TODAY
Leaving a contingent of
designers and engineers in his
dust, Gary Player trudged up the
incline, arms waving and voice
carrying to those behind him.
Capturing his attention was
the planned sixth hole at Bay tree
Golf & Country Club north of
Melbourne. The 36o-yard par four
course is far from finished,
though much of its infrastructure
and watering system is in place.
Yet something seemed amiss.
Nearing the proposed green,
bordered by stakes and a plastic-
bagged liner, Player saw a
wooded hammock emerge to his
left. The copse set up perfectly a
subtle turn in the hole, if the
green were located there.
But it wasn't. Player,
convinced it was not too late,
talked about how wonderful it
would be to redesign - and
reconstruct -the green.
"We've got a hole here that
could be so phenomenal," Player
told the group, his eyes and arms
widening as he imagines what
could be done to move the green
to use every bit of its terrain.
So goes the making of a golf
course, the subtleties of a
months-long process that starts
with a vision, evolves into a
design and emerges from
construction into a manicured,
landscaped, almost unnaturally
green work of natural art
The process is going on across
the country. Golf course
development reached a 22-year
high last year, as 354 new courses
came on line, according to the
National Golf Foundation in
Jupiter. Researchers predict
more than 300 courses will open
this year.
More of those are player-
friendly courses open to the
public, said Holt Hackney,
spokesman for the NGF and
editor of Golf Market Today.
"That's certainly something the
industry wants to see more of,"
Hackney said.
As does Player. His course for
Bay tree Golf & Country club
aims to put the friendliness back
into the game of golt .
Player is designing the 72-par
public course for about $500,000
for Melbourne's Coy Clark, who is
developing the 50o-acre, 525-
home Bay tree project.
Residential lot prices will range
from $60,000 to $75,000, and
homes will start at about
$125,000.
The 16o-acre Bay tree course
will be constructed, managed
and owned by Scratch Golf Co., of
Hilton Head, S.C., operating
separately from the residential
and commercial development
around the project.
A nearby course under way is
being constructed for the Viera
East development by legendary
designer Joe Lee, who bas laid
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GARY PLAYER, right, discusses a hole with Melbourne devel-
oper Coy Clark at the course Player is designing for Baytree Golf
Glorida Abood, FLORIDA TODAY
out and built more than 200
courses. Viera officials say the
course keeps the average golfer
in mind, with only three or four
tough holes.
Completion of the Bay tree
course is expected by October or
November, said Player, in time
for the busy winter season.
"My concern is always the
member. The member is your
cream of the crop. That's our
most concern. . . the little old
lady who comes along and plays.
We like to have tees where they
play and enjoy it," said Player,
whose 8-year-old company has
built 22 courses worldwide.
"We don't want to have any
little old ladies saying, 'Well,
Gary's hitting a driver and a
seven iron, but I'm hitting a
driver and a thre~wood: Now
that's not fair.
See GOLF, Next Page
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Craig Bailey. FLORIDA TODAY
& Country Club. Clark is developing the golf course community
near Suntree, north of Melbourne.
Life comparisons energize Player
Within 12 hours of his final
round at the Masters on Easter
Sunday, golflegend Gary Player
was on location at a golf course
he's building in Gainesville.
By 4 p;m. that afternoon, he
was walking the 18 holes he's
designing for Bay tree Golf &
Country Club, north of Melbourne
off Wickham Road near 1-95.
"I have untold energy. I think
it's from exercising, the nutrition
and the mindset My wife says
I'm mad. She says, 'There's no
way a man could work like you
do and stay healthy.'
"And I say, well, to the
contrary. I can go like crazy,
cause I don't have many days off
in a year, except in December. I
go like crazy, but I always make
a comparison," said Player, 57,
walking and talking along a golf
hole at Bay tree.
"And that's one of the secrets,
I say. Yes, I do work hard, and I
do have crazy hours.
"I have a lot of things to do
and live under a lot of pressure,
but," he said, pausing a moment
"I make comparisons when I
think of people in other parts of
the world that are starving and
fighting wars, and I just get
energy from that."
The native South African said
he finds a nice mix between his
role as a player, mostly on the
Seniors circuit, and in designing
courses.
PROFESSIONAL
GOLFER Gary
Player
maintains a
busy schedule
of tournaments
and business
with his
company, Gary
Player Design
Co.
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Craig Bailey, FLORIDA TODAY
"Hell, I'm 57 and went and on the tour. When I can't win
made the cut at the Masters. I've anymore, then I'll devote all my
got a lot of years of playing, and time to business," he said.
I'm having a great year this year - Phillip Fiorini
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Vol. 11 No. 7
A Weekly Space Coast Publication
August 30, 1 993
$1 .00
Baytree Country Club features variety .of housing
By Ken Datzman
After 20 years in commercial
and residential real estate,
Brevard businessman Coy Clark
feels as though he has put to"
gether the perfect project -
Baytree Golf & Country Club on
North Wickham Road in
Melbourne. Clark's development is
taking shape and becoming a
centerpiece ofthe community.
Golfers know what Baytreeis
all about and are anxiously
awaiting to try its championship
course; home buyers are discover-
ing that this too will be a residen-
tial community with a variety of
housing available.
Clark says "value" is what the
development is all about. The
project is being marketed locally
and is targeting home buyers up
north who want to own a piece of
Florida.
Soon the guard house here will
be constructed and some of the
main signage on the entrance road
will go up, he said. "We think then
that people will really start to
realize that the community is
taking shape."
Clark has taken his big devel-
opment all in stride. "I'm just
l'ltart.ing to get excited. J think J
am still a little numb."
Arkansas nativ~' Clark came to
Brevard a couple of decades ago as
a school principal. He loved the
challenge of education, but the
paychecks were a little thin.
In 1973 he switched careers -
as many people do after they come
to Florida - got into real estate
i and started putting together
projects for other people on a fee
basis.
Five years later Clark built
Point West, a West Melbourne
shopping center on NASA and
Wickham he still owns. "My first
few projects were shopping
I I centers and office buildings," said
I
i Clark, who today operates The
i Coy A. Clark Company headquar-
I tered in Melbourne. "Then I
1 started developing residential
I I communities, in 1985." His firm
I developed Reflections on the River
I in Melbourne.
His first residential community
was Sweetwood, just north of
Lake Washington. To date, his
company has completed a half.
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BBN photo - Adrienne B. Roth
When Arkansas native Coy Clark came to Brevard County he was a school principal. Today, Clark operates The Coy A Clark Company in
Melbourne. His company is developing the Baytree Golf & Country Club. .
dozen communities totaling 1,100
lots. The communities are in
Brevard and Osceola counties, he
said.
Clark's successful commercial
and residential background has
prepared him for his granddaddy
project - Baytree Golf & Country
Club. The Baytree National course
was designed by professional
golfer and businessman Gary
Player. "The man has done quite
well," he said. Clark's concept
with this project is to bring the
best in golfing and affordable
living but at the same time main-
taining a high country-club image.
The Bay tree project consists of
500 acres with 525 home sites.
"We have preserved 175 acres of
hammocks and open areas for the
communities," he said.
Baytree will have four different
home comm unities: golf villas,
which will start in the $130s;
semi-custom homes, starting in
the $130s; custom homes, begin-
ning in the upper $100s; and
estate custom homes, starting
around $225,000. "We have a
variety of housing products and a
price range that will fit any
lifestyle."
Amenities include a private
gate, security guard, pool, club-
house, tennis courts and parks.
The clubhouse will overlook a
lake, the driving range and the tee
for the No.1 hole, he said. There
will be an outdoor eating area too.
"In most communities the
people who live there have to pay
and support the clubhouse," said
Clark. "But that will not be a
burden on the residents of
:t;Jaytree. They will have the
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'.1 advantage of using the Clubhouse; but not the
\ di8advant~ge of having to pay for it, or any of
the liabilities involved with owning a golf
i course."
'i I The IS-hole Gary Player signature course,
j par-72, is one oft~e longer courses at 7,010
I yards. It Co.vers 160 acres and has four sets of
tees. Scratch Golf Co. out of Hilton Head, S.C.,
I ~ill' o~h. and manage t~e c?urse. C~ark said he
mtervlewed 42 compames In purswt of a
I quality management team. "They were head
and shoulders above the other companies and
i have an outstanding management record." The
Ii Gary Playe~~ignature course at Hilf:9ri Head is
managed by Scratch Golf.'
! The Baytiee course will be ready for play
I this December, as workers are now laying 25
I acres ot hybrid Bermuda grass valued at more
I than $250~~00. Clark said his company was not
1 interested in running the golf operation at
I Baytree. .
. ''We know how to develop communities, we
do not know how to run golf courses. That's a
real specialty, and we didn't want to .learn that
..,-, .. . -, .-"_.",
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'We contInued the designing, engineering, permitting and fin.ancing through the
slow times, just waiting for the market to turn. So we think we hit the market at the
right time. Int~rest rates are lower than they have been in two decades. It's a
great'time to build a dream home.'
Coy Clark
specialty."
The first phase Of the new-home community
at Bay tree has 303 lots. Construction of the
mst models will begin in September.
Clark said sales are ahead of projections and
~'traffic has been tremendous." Thoughtful
planning of the neighborhoods with gerierous
setasides for greenbelts and nature parks
allows 90 percent of the home sites to border
lakes, hardwood hammocks or the golf course.
Clark says that is a strong marketing feature.
"If 90 percent of your home sites do not have
other homes.behind them, people like that very
much."
Planning for Bay tree started in 1989, when
the market turned down. The downturn didn't
discourage Clark's company and he followed
through on his project; step by step.
"We continued the desigiring,engineering,
permitting and financing through the slow
times, just waiting for the market to turn. So
we think we hit the market at the right time.
Interest rates are lower than they have been in
two decades. It's a great time to build a dream
home," said Clark.
More encouraging news of late is that rates
maY-2-FC?P a bit more, adding additional steam
to a pretty good home-buying market.
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NOVEMBER 1994
'Portrait
Date of Birth: 10/9/41
Roots: Bentonville)
Arkansas
Family: Wife) Tobi;
,daughter; Haile)!; and son)
Brig
Pet Peeve: "Impatient)
short tempered people"
Words of Wisdom: "Do
unto others as Y014 would
have them do unto you"
./
C~IEN~l~~k
t was a cold, rainy Christ- Clark to select 15 sites for the initial
mas day in Bentonville, expansion of Wal-Mart stores into the
Arkansas and college stu- state of Florida, a deal that earned Coy
dent Coy Clark was over one-million dollars in commis-
working in his home- Slons.
town at a gas station to For Coy Clark the transition over the
make enough money years from a high school and college
during his holiday away from campus academic and athletic stand out, ro a
to pay for a new battery and two new nationally recognized educational ad-
tires for his car. ministrator, to one of Brevard's fore-
Sam, the father of one of Coy's old most real estate developers, is rooted
high school friends and the owner of a in his upbringing in rural Arkansas.
large retail store in town pulled up to "I grew up in Bentonville on a small
the pump. . farm, the middle child of five brothers
"Coy, what are you doing working and sisters," Coy remembers. "We
on a day like this," Sam inquired. raised and grew JUSt about everything
Coy told Sam about the battery and we ate. "
the tires. They exchanged mutual salu- Though raised with solid, traditional
tations for a merry Christmas, said rural values which he embraces to this
good-bye and Coy went back to work:- -day, Coy says coming from a family
T\vo days later, Sam came back to the that was" poor, materialistically", gave
station and handed Coy the keys to a him a lot of drive to achieve.
1961 Chevy Impala. And achieve he has.
"Coy," he said. "You can pay me While at Bentonville High School in
back forchis car someday if you're able. the late 50's, Coy lettered in three
. And if you're not, just help someone sports; his senior year he was Captain
else out in life when you get the of the football, basketball and track
chance. " teams.
In 1966, after graduating with a B.A. Graduating in 1960 Coy attended the
in Educational Administration from University of Central Arkansas in
the University of Central Arkansas in Conway on a football scholarship
1964, Coy Clark, then Principal of where he was an All-Conference defen-
Mitchell Jr. High in Little Rock, began sive end, lettering all four years - the
to make monthly payments - with last as team Captain.
interest- to Sam. Coy taught for a year at Little Rock
Sam Walton never forgot. Elementary and began work on his
And during the early 80's he chose Masters at Ole Miss before accepting
Brevard real estate developer Coy the position of Principal at Mitchell Jr.
r-----
High. During his years in Little Rock
Coy played middle linebacker for the
Arkansas Diamonds of the newly
formed Cuntinental Fuotball League.
In 1968 Coy was selected as Admin-
istratQr of the Year for the Little Rock
School District. The following year he
was selected as the coveted Man of the
Year by the Arkansas] a ycees for his
contributions to innovations in the
state educational system.
. By 1970 Coy's achievements were
the subject of articles in educational
trade publications, and he was recruited
by the Brevard County School System
to be the Principal of Robert Lewis
Stevenson Elementary School in
Merritt Island.
"The Space Coast was a growing area
. ..and then there was all this sunshine
and warm weather," Coy says of his de-
cision to leave his roots to settle into
Cocoa Beach.
The summer of 1973 marked a turn-
ing point - in more ways than one - .
in the life of Coy Clark.
"I decided to make a career change
that summer," Coy remembers. "A lot
of my friends were making $100,000 a
year in commercial real estate, and here
1 was making $14,500 with the school
system. "
Coy secured his license and went to
work for Mark Realty in Satellite
Beach. Soon after he met his future wife
Tobi.
"Tobi was working for Robert Lewis
Stevenson Elementary," says Coy.
"Ivl utual friends told us that we should
meet each other, so 1 called her."
It was the beginning of a long court-
ship - they were married in 1977-
but, meanwhile, there were some lean
years ahead in the real estate business.
"I really began to question my wis-
dom those first three years," says Coy.
But the market began to turn around
in 1976 and COY made several large
deals, and the' followi~g year he
launcl1ed his own company, Profes-
sional Properties in Indialantic with
partner Bob Cochran.
I During the early 80's ( Hailey was
born in 1981, Brig in 1984) Coy joined
forces with Michael Gaich to form the
Clark-Gaich Company.
In 1988 the Coy A. Clark Sompany
was formed, the developer of such
properties as Sweetwood Estates, Car-
riage Gate, Feather Lakes, Wickham
Forest, Water Mill, Metro West, Black-
berry Creek, and the Reflections Of-
fice Building.
Today Coy is immersed in the devel-
opment of Bay tree Golf & Country
Club, a 500-acre master-planned com-
munity on North Wickham Road.
"This whole area - Viera, Suntree,
and Bay tree - will one day become
the hub of Brevard County," Coy says,
with obvious pride in his latest achieve-
ment.
Coming from a man who has
achieved so very much during his life-
time, it is a forecast the wise would do
well to heed.
1- _ _
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New-home development Sheridan
Woods in West Melbourne surrounded
by lush natural vegetation; 32-~cre site
By Ken Dahman
New-home developments
near Sheridan Road in West
Melbourne do not spring up
every couple of months.
However, this heavily wooded
part of Brevard has plenty to
offer with its natural vegeta-
tion and has attracted the eye
of one longtime area devel-
oper.
The Coy A. Clark Compan~
is now developing a single-
family home community
called Sheridan Woods, .
located on the southeast
corner of the intersection of
John Rodes Boulevard and
Sheridan Road in the city of
West Melbourne.
Coy Clark, company presi-
dent, knew of the attractive
tract of land for some time but
was occupied with other
projects. A member of his staff
kept brinbng him the prop-
erty brief of the site. "Then I
drove by' the property one
weekend and I had almost
forgotten how beautiful that
site was," said Clark.
A couple of weeks ago The
Coy A. Clark Company was
issued its certificate of
completion by the city of West
Melbourne.
The 32-acre site, which is
heavily wooded with pine
trees and palmettos, features
96 home sites. The one-
quarter acre lots, ranging in
price from $32,000 to $36,000,
either back up to a lake or
back up to the perimeter.
The deed-restricted devel-
opment is off to a fast start as
nearly half of the-home sites-
are under contract. Homes are
under construction at
Sheridan Woods.
"When I found this site I
knew it was a natural, it has
everything," said Clark, who
has developed more than
2.000 lots in Brevard County
in a career that has spanned
more than 20 years.
By "everything" he means
the development is heavily
wooded and fenced, has
lakefront home sites and an
appealing location with good
access to 1-95 and other traffic
routes. "We are offering an
upscale living atmosphere,
BBN photo - Adrienne B. Roth
.Coy.Clark-fieads Tne Coy A. ClarK Company ,in Brevard County. His company has
developed more than 2:000 lots in Brevard and is now involved in the Sheridan Woods
residential project. Sheridan Woods is a 32-acre site with 96 home sifes. The deed-
restricted development is off to a good start as nearly half of the home sites are under
contract.
with a gate house and con-
trolled access, at affordable
pricing," he said.
The Coy A. Clark Company
has retained 30 home sites of
the development and-is
marketing them to individu-
als. Clark said of the 30
Sheridan Woods lots he has
contracts on 12 of them. For
the lots that his company is
offering, individ uallot buyers
can select their own builder,
he said.
"And there is no time limit
on building. That is one of our
main marketing features
because some people will
either have to sell their home
or they may not want to build
for a year or two."
Many home communities
won't allow a lot purchaser an
open time frame to build. "The
reason we are doing it at
Sheridan Woods is because
there is so much natural
vegetation with the palmettos
and pine trees no one is really
going to object to having a
vacant lot next to them," said
Clark, whose company is the
developer of the Bay tree Golf
& Country Club, which
features a 7,-043-yard cham-
pionship golf course.
, Holiday Builders has
purchased 66 lots at Sheridan
Woods, said Clark, and have
about half of them already-
under contract.
Construction standards at
Sheridan Woods call for a
home to have a'minimum of
1,500 square feet under air.
Cyndy Seifert of The Coy A.
Clark Company (255-3400) is
marketing the project.
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Cq~~lt~Rj.~)~)'.,,~~Q~ns on ne~ office building
on U;5.1 In'Mel6oume, being developed
by Coy A. Clark Co.; taps Orlando market
By Ken Datzman liVer lew
Over the years
developers have come to
Brevard and exited
Brevard. Today, only a
handful of developers
remain who started here
around the time Coy
Clark did, in the early
1970s. It was these early
developers who led the'
way for bigger thirigs to'
happen; their projects at
the time were'instru-
mental in the county's
ability to expand and
begin to attract more
businesses.
The Coy A. Clark Co.,
for instance, was key in
bringing a significant
number of commercial
projects to the Space
Coast, including Reflec-
tions office b.uilding,
Babcock Oaks office
complex, ~etroVVest
shdpping center, Suntree
Station retail center and
W cst End Shoppes,
among others. Clark's
company also has compiled a portfolio of residential
communities in Brevard.
His latest commercial endeavor is the development of _
3. new two-story luxury office building next to The Bank
Brevard on south U.S. 1 in Melbourne. Construction of
the building just got under way and will be finished
around March 1, said Clark. The busy area has seen a
flurry of building activity over the past few years. "The
I U.S. 1 corridor between the causeways is changing and
will continue to change over the next few years. We're
seeing it now," said Clark, company president.
Huntington National Bank of Florida worked with
the Clark Co. in financing the project. Turnaround time
on the loan request was about one week, said Phil
Hayes, of Huntington's Melbourne office. "Commercial
lending is one of our areas of expertise. We see this
project as good potential for growth in the community
and we want to be a part of that growth," said Hayes.
Huntington, he said, is having a strong year in the local
market in commercial lending.
Clark's 11,000-square-foot building will have Legg
Mason 'Wood Walker Inc. as its anchor tenant, occupying
3,500 square feet of space. Legg Mason presently is
based at One Harbor Place in downtown Melbourne and
the local franchise is headed by Eugene McCarthy, who
has been an investment professional in Brevard for more
than 25 years. Joining Legg Mason at the new site is
Krasny & Dettmer, a Melbourne law firm. Principals of
the firm are Mike Krasny and Dale Dettmer, who have
practiced in Brevat~d for more than 20 years.
If your business is interested in leasing space at the
new office building, call Scot Marschang (951-1203) at
The Clark Co. The office building project team is com-
prised of M.H. Williams Construction Inc., the general
contractor, and MAl Architects Engineers. The same
f-
~\
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,
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Developed by:
Tile (oJ' A. Clark ('(1Il.lJlOl
[-'OIU F.-1S/.\G lSFORlf, m(J;".c~~
Se{)]' '~lARSCHANG
:>U)7 951-120
BBN.photo - Adrienne B. Roth
The Coy A. Clark Co. is developing a new 11 ,ODD-square-foot office building on U.S. in Melbourne, next
to The Bank Brevard. Clark, right, worked with Phil Hayes of Huntington National Bank of Florida on the
project's financing, Clark has about two-thirds of the building leased, with Legg Mason to be Ihe anchor
tenant. The Melbourne law firm of Krasny & Dettmer is the second tenant to sign on at the new facility.
.. ".--.-.. ".. -.. ..-. n._.. ... ,_ h.... .__...._._. .
team did the Reflections building in Melbourne.
This year Clark has refocused the direction of his
company-to more fully capitalize on opportunities
outside the area and is tapping into the explosion
growth in Greater Central Florida. He sees continued
activity for his company there. "Right now, the main
thrust of my business is in the Orlando m~rket, both for
single-family subdivisions and commercjal projects,"
said Clark, whose West Melbourne-based company
closed on four major projects in the Qreater Orlando
market in the last 30 days and is evamating a couple of
',I, .
more deals. ' ~: ,
Clark, for instance, recently purchased with a pat.t-
nership a 40-acre RV park on U.s.'192, four miles west
of Disney's main entrance. It has 515 spaces, he said,
and the package includes a convenience store and an
8,000-square-foot restaurant. "And we are operating it
now."
Waterford Trails, a large single-family home develop-
ment in proximity of Alfaya Trail and the Eastwood Golf
Course in Orlando, is another Clark Development
project. The two-phase project will have 1,500 units.
"That's probably the hottest development area in the
Orlando market," he said". "Just because of the demand,
we will be able to pick the builders we want in there."
Homes will start around $100,000 and go to about
, $200,000, said Clark. The lakefront development will
feature an array of amenities. He's developing it with
Atlantic Gulf Corp., formerly General Development
C0l1J. Clark Development, the company he operates in
Orlando, will be the on-site developer of Water ford
Trails, which he sees as roughly an eight-year project.
Further north, in Ormond Beach, Clark is looking at
a 94-lot oceanfront subdivision~ He has submitted a
contact on the land.
-
OCTOBER 6, 1997
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STATEMENT OF
PROFESSIONAL
QUALIFICATIONS
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B.S.E. CONSULTANTS, INC.
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312 SOUTH HARBOR CITY BOULEVARD, SUITE 4
MELBOURNE, Fl 32901
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TELEPHONE: 321-725-3674 · FACSIMILE: 321-723-1159
EMAIL: INFO@BSECONSULT.COM
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PROFESSIONAL QUALIFICATIONS
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The Engineering Firm of 'B.S.T. fIrst opened its doors in 1937. By 1986, the demand for
Civil and Environmental Engineering was so great that 'B.S.T. Consuftants, Inc. was
formed. At this time, 'B.S.E Consu[tants, Inc. offered its expertise in Engineering
Design, Utility Design, Engineering Studies, Surveying Services and Report Services. With
the changing face of Florida and the ever-increasing sensitivity to the environment,
Comprehensive Land Planning, Contract Administration, Cost Estimating, Grant and Loan
Applications, Construction Observation and Construction Management Services, Irrigation
Design, Wetland Jurisdictional Determinations, Threatened and Endangered Species Studies
and Environmental Assessments were added to the scope of our professional services.
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Central to the history of our fIrm is our day-to-day philosophy of spirited commitment to
careful analysis of all projects. Each project is managed and developed through a
comprehensive process that combines a full range of technical skills. These skills include
Land Planning, Water Management Considerations, Transportation Routing, Utility Services,
Topography Analysis, Environmental Compatibility and Cost Analysis.
The strength of our fIrm is our Professional Staff. Our staff of engineers, land surveyors,
designers, environmental specialists and technical assistants are led by two partners who are
licensed Professional Engineers. Our combined professional experience exceeds 150 years.
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Our primary areas of expertise are in general civil, utility, transportation, wetland
identifIcation, wetland mitigation, water quality, wildlife/habitat identifIcation, and
agricultural engineering. 'B.S.T. Consu[tants, Inc. has provided professional services
for nearly 500 projects in the past 5 years, having an estimated construction cost of
$1,000,000,000.00.
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ENGINEERING SERVICES
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'B.S. 'E. Consu[tants, Inc. is proud to have designed some of the most functional, yet
aesthetically pleasing, developments in Florida. Creating a custom tailored design for a
unique piece of property is one of our specialties. We are also experts in agricultural design.
We have designed and permitted over 500,000 acres of agricultural land in the state of
Florida.
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Developments of Regional Impact
o Water Master Planning
o Sewer Master Planning
o Effluent Reuse Master Planning
o Water Treatment & Transmission Systems
o Wastewater Treatment & Collection Systems
o Infiltration / Inflow Analysis
o Transportation Systems
o Stormwater Management Systems
o Grading and Drainage Planning
o Irrigation Design
o Cost Analysis and Evaluation
o Permitting and Approvals
o Flood Elevation Certification
o Marina and Dock Facilities
o Resident Engineering / Towns and Municipalities
o Specification Writing
o Agricultural Engineering
o Stormwater Retrofitting
o Street/Roadway Retrofitting
"0 Grant and Loan Applications
o Certain Structural Projects
o Lighting Design
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PERMITTING SERVICES
o Water Management Districts
o Florida Department of Environmental Protection (FDEP)
o Environmental Protection Agency (EPA)
o United States Army Corps of Engineers
o Florida Fish and Wildlife Conservation Commission
o County Governments
o Municipalities
o Departments of Transportation (DOT)
o U.S. Fish and Wildlife Service
o Regional Planning Council
o Other
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ENVIRONMENTAL SERVICES
[ . 0 Environmental Assessments
Phase I Environmental Assessments
~ Review Of Historical Aerial Photographs
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I ~ Review Of Property Ownership History
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~ Existing Conditions On Site:
. Wetlands On Site
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l. . Habitat For Threatened and Endangered Species
r . Hazardous Or Toxic Material Located On Site
. Soil Types, Topography And Surface Waters
~ Adjacent Property Conditions that May Affect The Site
r ~ Regulatory Compliance Search
~ Photographic Documentation
Phase II Environmental Assessment
~ Storage Tank Closures
i ~ Groundwater Sampling
~ Soil Sampling
~ Piezometric Determination Of Groundwater Elevation
[ Phase III Remedial Action
~ Contamination Assessment Reports
[ ~ Supervision Of Site Clean-Up
~ Monitoring Well Installation and Sampling
0 Threatened And Endangered Species Surveys
~ Critical Habitat Identification
~ Species Surveys Following Florida Fish & Wildlife Conservation Commission
f (FFWCC) Guidelines
L ~ FFWCC Permit To Capture, Hold and Draw Blood From Gopher Tortoise
(WX01471)
l ~ Photographic Documentation
0 Wetland Surveys
~ Delineation Of State and Federal Jurisdiction Of Wetlands
~ Permit Application Assistance For Work Within Wetlands
~ Wetland Mitigation Plans and Implementation
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0 Environmental Impact Studies
0 Asbestos Surveys
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LAND PLANNING SERVICES
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Land Planning is the most important stage of any development project. It is during this
phase that information is collected and analyzed. Is the project zoned for the proposed use?
Is there a potential for wetlands or endangered species on the property? These and many
other questions are answered during this phase. Land Planning is a challenge at which
'B.S.'E. C011suftants, Inc. excels.
o Preliminary Development Plans
o Environmental Studies
o Feasibility Studies
o Rezoning Applications
o Variance Applications
o Grant Applications
o Loan Applications
o Golf Course Design
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CONSTRUCTION SERVICES
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'B.S. 'E. Consu[tants, Inc. provides a full array of Construction Services ranging from
initial specification writing, bid analysis, contract administration, construction management,
as-built drawings and as-built certification.
The level of our services may be adjusted depending upon the needs of our clients and their
familiarity in the construction field and to their time available for the project.
'B.S. 'E. also provides Construction Services for projects designed by others. As those
services are performed, construction modifications along with revised permitting routinely
amount to significant construction cost savings.
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D Construction Management
~ Guiding and Directing Construction
~ Coordinating Subcontractors
~ Safety Compliance
~ Labor Standards Requirements
~ Opinion of Cost
~ Payment Recommendations
~ Lien Waivers - Required
~ Bonds - Required
D Construction Observation
D Contract Administration
D As-built Certifications
D Bid Analysis
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SURVEY SERVICES
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'B.S.'E. provides a variety of surveying services to the community with approximately 30
years of combined experience. Three, full-time, survey crews with state-of-the-art
equipment work under the direction of our two (2) professional registered surveyors.
o Lot surveys
o Construction Layout
o Legal Descriptions
o Subdivisions
o Mortgage Surveys
o Wetland Location
o Topographic Surveys
o Boundary Surveys
o As-built Surveys
o Commercial/Residential Surveys
o Hydrographic Surveys
o Plats
o Route Surveys
o Utility Surveys
o Coastal Construction Control Line Surveys
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ICI~MEs.
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October 14, 2003
VIA FED EX
Coy Clark, President
Coy A. Clark Company
575 South Wickham Road
Melbourne, FL 32904
Dear Mr. Clark,
Thank you for the giving me the opportunity to present ICI Homes for your consideration
in your upcoming sixty (60) acre Riverwalk PUD development project located in
Edgewater, Florida. Our long and successful experience in the building industry has
enabled us to assemble a diversified portfolio of attractive, quality new home product
including condominiums, townhouses and patio homes.
ICI Homes, headquartered in Daytona Beach, FL, is continually ranked among the
nation's top 100 builders by Builder magazine. Established in 1980, ICI Homes has
always been at the forefront of the industry as the standard-bearer of excellence and takes
great pride in its long-standing tradition of design excellence, superior craftsmanship and
unparalleled customer service. The recipient of countless prestigious awards for design
and innovation, ICI Homes has built thousands of quality homes in north, east and central
Florida over the last twenty-three years.
A team of highly skilled architects, interior designers, builders and craftsmen combine
their expertise to offer a wide array of architectural styles and floor plans to match each
individual's lifestyle and price range. From spacious, affordable residences to one-of-a-
kind mansions, each home reflects the landmark quality for which the company is known.
Please find enclosed a few samples of ICI Homes' portfolio oftownhome, patio home,
and midrise condo products that are applicable to the Riverwalk development concept.
Should you have any questions, please do not hesitate to contact me.
ve~1YOUJ'
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Douglas R. Ross, Jr.
Division President
V olusia/Flagler Counties
DRR:kas
Intervest Construction, Inc.
2359 Beville Road, Daytona Beach, FL 32119 · Voice: 386.788.0820 · Fax: 386.760.2237 · www.ICIHomes.com
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[" Top Volusia/Flagler Builders
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Business Name/Address Active Communities Top Executive/Homes Sold
1. Intervest Construction, Inc (ICI Homes) Ormond Beach,Palm Coast Mori Hosseini
r 2359 Beville Road, Daytona Beach Port Orange (515)
[.~ 2. Holiday Builders, Inc. Deltona, Edgewater Ed Wire
2293 W. Eau Gallie Blvd, Melbourne Palm Coast (509)
[ 3. Mercedes Homes, Inc. Daytona Beach, Deland, Deltona Matt Boltz
350 N. Pine Meadow Dr, DeBary Palm Coast, Port Orange (505)
[ 4. Sea Gate Homes, Inc. Edgewater, Flagler Bch, New Robert Gazzoli
185 Cypress Point Parkway Smyrna Bch, Oak Hill, Ormond (355)
Palm Coast Bch, Palm Coast, Port Orange
[ 5. Maronda Homes, Inc. Deltona, Palm Coast Wayne J. Von Dreele
4005 Maronda Way, Sanford (276)
6. Masterpiece Homes, Inc. Deland, Deltona, Palm Coast Bob Fitzsimmons
[. 300 Treemont Dr, Orange City (274)
7. Johnson Group, Inc. New Smyrna Bch, Ormond Bch, Jerry Johnson
1221 Dunlawton Ave, Port Orange Palm Coast, Port Orange (200)
[ Spruce Creek Fly-In
8. Today Homes, Inc. DeBary, Deltona, Ormond Bch John B. Conley
1495 S. Volusia Ave, Orange City (198)
r 9. Halifax Plantation Ormond Beach Anthony Uanino
4000 Old Dixie Road, Ormond Bch (151 )
10. Centex Homes Flagler Bch, Palm Coast Roger Gannon
L 1 Old King's Road, Palm Coast (134)
11. Vanacore Construction Inc. Ormond Beach, Palm Coast Scott Vanacore
1450 US 1 , Ormond Beach Port Orange (127)
~ 12. Paytas,Homes, Inc. Palm Coast, port Orange Jim Paytas
PO Box 290490, Port Orange Spruce Creek Fly-In (115)
C 13. Cacioppo & Son Construction DeBary, Deltona Rosalia Cacioppo
1307 E Normandy Blvd, Deltona (96)
14. Viscomi & Associates Ormond Beach, Palm Coast Vince Viscomi
[ 27 S Orchard St, #B, Spruce Crk Fly-In Port Orange (90)
15. D.R. Horton Homes Ormond Beach, Port Orange Donald J. Tomnitz
9456 Phillips Hwy, Suite #1, Jacksonville (86)
[ 16. Formoso Homes Inc. DeBary, Deland, Deltona, Osteen Joseph Formoso
77 Deltona Blvd, Suite 15, Deltona . (76)
E 17. Discovery Homes Inc. Ormond Beach, Palm Coast Jerry Columbus
2990 S Atlantic Ave, Daytona Beach (76)
18. 0.5. Ware Homes Palm Coast Donald S. Ware
r~ 2931 Plummer Cove Road, Jacksonville (50)
19. Cosmopolitan Homes DeBary Scott Kobrin
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80 Spring Vista Drive, DeBary (48)
[ 20. Morrison Homes DeBary Vid Sedlack
2713 Cypressway Court, Orlando (44)
[ leI H0111es is /lot the best because we're the biggest,
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we're the biggest because we're the best!
News-
,-
JQJJr.n~.l As published in the Business Section of the Daytona Beach News-Journal on Feberuary 9.2003. Based on company
reports. Figures are for homes sold in 2002 in Volusia and Flagler counties. Not all builders chose to participate.
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Osprey Cove · 912.882.5555
0 From $2005
North Hampton · 904.225.4816
0 From $2005
Victoria Lakes · 904.281.0800
From $1505
[ Marsh Island · 904.564.1299
From $5005
[ Highland Glen · 904.281.0800
From $3105
[ Old Mill Branch · 904.564.1945
From $2005 ~
[ Hampton Park · 904.564.1299
From $3005
Plantation Oaks · 904.273.8080 ~
[ From $5005
julington Creek Plantation · 904-273.8080
[ From $4005
South Hampton · 904.230.1400
-
[ From $3005
Bartram Plantation · 904.230.3075
From $3205
C Turtle Shores · 904.829.5100
From $3805
0 Royal St. Augustine · 904-824-6668
From $1805
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U (904) 281 -0800
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r 0 Ocean Hammock
,. 386-447 -4833
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7 Flagship Court
Palm Coast, FL 32 I 37
Homes from the $300s
Grand Haven
386-447 -9865
6 Hidden Lake Way
Palm Coast, FL 32137
Homes from the $140s
Palm Coast Model Center
386-447 -5802
75 Brownstone Lane
Palm Coast, FL 32137
[ Homes from the low $1 OOs
o Plantation Bay
C 800-779-4164
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[" A Breakaway Trails
- W 386-672-9930
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[ . Waters Edge
W 386-756-9005
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L 8 Covendale at Waters Edge
[ 386-756-8200
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100 Plantation Bay Drive
Ormond Beach, FL 32174
Home/Lot Packages from the $160s
184 Deep Woods Way
Ormond Beach, FL 32174
Home/Lot Packages from the $200s
1836 Cake Bread Court
Port Orange, FL 32 I 28
Home/Lot Packages from the $140s
6634 Merry Vale Lane
Port Orange, FL 32128
Home/Lot Packages from the $200s
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DAYTONA
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SHORES
PONCE
INLET
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THE MAGAZINE OF THE NATIONAL ASSOCIATION OF HOME BUILDERS
AUGUST 2003
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HOTSELLERS
[
SOLD OUT! FAST-MOVING COMMUNITIES. EDITED BY PAT CURRY
Lakes and Lifestyle
Waters Edge, Port Orange, FL
[
WHY IT WORKED: Intense market research: doing the
homework, buying the land right, and developing what the market
needed-literally from the ground up.
. With the traditional-family market as the primary target, the com-
munity includes 20 acres for a middle school and a la-acre park site.
. A host of product choices for first- and second-time home buyers,
the executive market, retirees, and empty-nesters. Some neighbor-
hoods feature 50- to 60-foot lots where entry-level homes include
upscale touches and options, including smart wiring for electronics,
double-paned insulated windows, and 12 SEER high-efficiency HVAC.
. Award-winning designs maximize views while ensuring privacy
and include expansive picture windows adjoining fireplaces.
Innovations include tech niches, flex spaces, oversized garages,
and summer kitchens in the covered portions of the lanais.
. Port Orange has a quiet, small-town feel. The community is min-
utes from the beach, shopping, schools, and health care. For those
in need of a big-city fix, Orlando and Jacksonville, FL, are just
an hour away.
. The builder offers a state-of-the-art design center, accompa-
nied by an in-house custom pool company, for convenient, one-
stop shopping.
[
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PROJECT CREDITS
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Project: Waters Edge, Port Orange, FL; Sales staned: April 1997; Sales through March
ZOO3: 62B; Units planned: 1,100; Price: $150,000 10 $500,000; Unit size: 1,500 10 4,000
square feel; lrcItitectlBuilderlDeveloper: lei Homes. Oaylona Beach, FL; lrcItitectl
Landscape planner: Glalling, Jackson, Kercher. Anglin. Lopez & Rineharl. Orlando, FL
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ICI~MES.
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Waters Edge
From the $150s. 386.756.9005
Covendale at Waters Edge
From the $200s · 386.756.8200
www.ICIHomes.com
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BEDROOM 2
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110 l( 131
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FLOOR PLAN
Reprinted with permission from the August 2003 Issue of BUILDER magazine. @ Hanley-Wood.
#1-1605401 Reprinted by Reprint Management Services, (717) 399-1900. To purchase reprints online, visit www.reprintbuyer.com.
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HOMES" As Featured in Builder Magazine
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Was 2002 a good year for the
BUilDER 100? Let's look at the
numbers. Home building consultants
generally like to see gross margins
around 25 percenl and net margins
around 12 percent.
Of the 71 BUilDER 100 companies
who provided gross profits, here's
their performance breakdown,
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GROSS MARGIN NUMBER OF
PERCENT BUILDERS
[
10% to 15%
16%1020%
21% to 25%
26% to 30%
31% to 35%
3
23
31
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th[;ir net profil margins. which shake
out as follows;
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NET MARGIN NUMBER OF
PERCENT BUILDERS
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4%
5%
6%
7% to 9%
10% to 12%
, 13% to 15%
16% to 1B%
18.plus%
5
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6
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19
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!'i4. BI.III.DER :\1 A Y 2003
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ARTISTIC HOMES
Jerry Waar
44020 TO".oef Rd. s.w.
Suite A.
Albuquer~ue. NM 87121
505-247-8400
arristithomessw.ccm
785"
Detached for sale: 785 Southwe.,
S91"' EL tAU, WX
-fIt;
I CONSTRUCTS ALL homes 10 BuilDing A:neriw standards ._ builds only in AlbuQuerque, N.lA. _. product mil is 60 percent entry-
level. 30 percent n:ove-up. and 10 ptrcenllu=y/CUS1om ._ average square foolage: 1.650 _ projects BOO closings in 2003,
... lei HOMES 2359 ae"ir.c Rd" " Detached lor sale: 767 Soulh
DaylOll.1 Beach, FL 32119 761 SZ18 MU, LUX, AA, VAC
Mori Hosseini 386-788'0820
icihomc-s nel 2u~; 'S
Fa R1'vL:u.L Y CHANG ED name (rom lotelVest Construcrion 10 leI Homes ... boosted revenues 35 percent by capturing more high-
end. cuslom/semi-custom buyers... a'loidc:l permrt delays due 10 new Florida codes by wo,king'llilh rnunicip;llilies.
ALBERT 0, SEENO 4021 PorI Chicago Hwy.. OeIacl1ed for sale: 76-C West
CONSTRUCTION Concord. CA 94521 164 S316 EL. MU. LUX
925-671-7711
Albert D. Seeno seenohomes,com 2% N,;'
PL.llNS TO booslluxury offerings 11 ZOO3 _ product mil is 65 perCenllllO'tHJp, 25 percenT entry-levef. and 10 pcrcentluxury/
cuStom _. reduced fJTSI-home proc!uct in 2002... builds primarily in Oakland. Card. (650 closings).
KILIAN COS,/REEVES 225 Hwy. 35, Detached lor sale: 738 Northeasl
WIWAMS Red Bank. NJ 07701 749 $119 Attached for sale: II Soulh
. 732-7.&1-005' EL MU. AA
Mll:in"- I(a!..n klllilln.com i6..." ..:'~i:,
OPENED F1RST .clive-adult communiry in New Jertcy... aClIVe adult n(lIHeprer.ems 12 percent of producl mi1.., expanding 10 lhe
Poconos in PennsylvanIa ... top performer: Memphii. Tenn.. ",here ~jngs grew nm/50 pErcenl.
~ HILLS COMMUNmES 4901 Hunl Rd.. Detached for sale: 282 South
- Suile 300. 736 $156 A"ached tor sale: 142 Midwest
. Srephen wlllllan
CmciMari. OH 45242 For-sale condos: 312
513-984-0300 33% 15% ELMU
hdlsmc.com
. INCREASED s.lU.ES 30 percent ... restruclured company management, moving to a dIVisional structure ._ bUllds primanly in
Midwest. which provides 84 percent 01 closings _. adding warranty lechnicians for each division 10 shcrIen response lime.
... ~: CASTLE & COOKE 10900 Wilshire Blvd.. Oelached for sale: 706 Southwest
l ~ Suite 1600. 725 $487 A"ached for sale: 19 West
... David H. Murdocli Los Angeles, CA 90024 EL, MU,M, VAC
, 310-208-3636 9% I~.f
casll~cO(ike .net
IMPROVED GROSS margins. lhanlts 10 price increasr$ QOd cost cenlrols ... $289.8 million in home building revenue ... top
market is Honolulu (526 closings)... tlltry-lev21 detached is 44 percent of produCI mU. followed by move-up delached (33 percenl).
.....:" FIRST HOME 2503 Ocl Prado Blvd.. Detached lor sale: 725 South
.~ BUILDERS OF nORmA Suite 300, 725 $93 ELMU
~ Cape Coral. FL 33904
L . Fred Htr~nn 239-458.BOOO -8" 52%
firslhomebuilders,com
SIGNmCANTLY INCREASED sales through financing and mor1gage options ... sca"ered 101 bunder _ serves only For: My-
; erslCape Coral. Fla.. markel_Introducing new produCllinc _ pl3nSIO open a 'sales super center' and lake more trade work in-house,
(~ BROWN FAMILY 21&4 E. BroadwOly Rd. Detached for sale: 720 Soulhwest
. COMMUNITIES Suite 300, 120 $1Z1 EL,MU
. I Tempe, AZ 85292
Il...,,:,,~" D~d l.\. Brown 48-0-921-141)0 ~ 8%
~
nomebfc.com
: TO CHECK homes ani! mainta," quality. hired a 'consumer relal~ inspetlor ... also added safety officer to ensure OSHA compli-
. arlCe... builds olllyin Phoeni~. where its base prices ranee from S99.0CO to $360,000. dEpending on Ihe producl hne.
............ BRAYSON HOMES P.O, Box 1569. Oelached for sale: 563 South
I I Duluth. GA 30096 699 $11J Anached for sale: 136
'... LE.OuvourJ
10...,,- 678-475-0578 EL. MU
~'il braysenhomes.com 16S IB%
-
INCR1:lISED PROnTS and sales lor this Allanla.-only builder... imple:TICIlll::l new lechnology in sales and m<lrkeling ._ wants 10
improve efficiency, reduce com, and pow sales and profilS... entry-leVllI reJ'.lresellrs 100 percent of allached and 60 percent of delached.
.... ...: WESTFIELD HOMES 4300 W. Cyprm St-. Detached lor sale: 489 Sourh
I
.., r USA Svil1l 98~. 681 St17 AlI.ched for sale: 198 Midwesr
T.mlll.. Fl33&07 EL, MU. LUX. AA
...... Rn... B. Gnll"NnOll 813-674-9872 .. .r., .
... "
\'IIcsrt,eldhome~.~m
PURCHASED BY PlJ!>lic lJuilrl~r Slandard Pae>1.c Cil'P-lJI August 2002 in irs F.Olsr Coasr ~'J'.lOlnsion... prior 10 aCljuisnion. closed
" OIo::t nf ill Norna in .arnpa Sa1, Fla. (3:?9 0'.(5), fl>llowrd by R.ltighiDurharn, N.C. (177).
'In ...nlO/1l "b11Il1llfod nuooo,. (p) . Public J.S . hlto,l!;obi<Jaub>i'ilw:l EJ. . Entry-I""I MU '!.Iovo-up lUX' Luxury/custom
tNlAhl..-.. 0' pllrtlnIyllIU """"', dU'16 JoCQlIi$ilion AA' AcIMladult VAt-Vacation/Second home
WWW.aUILDERONLlNE.COM
TOTAL PERMITS: 5.952
L 1 Eastbrook Homes 2/5 3.6%
2 Pulte Homes 150 2.5%
3 Bosgraaf Builders 107 1.8%
4 Holwerda Builders 106 1.8%
[ i 5 Roersma & Wum 7/ 1.2%
6 KBH Homes 57 1.0"
7 Sable Developing 42 0.8%
8 Lee Kitson Builders 37 0.6%
r 9 David C. Bas Construction 32 0.5%
9 Bouv.1Iamp Builders 32 0.5%
MIDWESTERN STYLE: Bosgraaf Builders offers the two-story 10 Deppe Homes 29 0.5%
[ Edmonton in the Grand Rapids, Mich., area, where it has been honored ~U\IR(:.:: II11II.IJF.R TIACK Pt~ftLlt.:ATfUN'i
by the local HBA.
[ TOTAL PERMITS: 6.223 TOTAL PERMITS: 5.B03
1:'1 :
1 ICI Homes 428 6.9% 1 Artistic Homes 805 13.9%
..... - - ..
[ 2 Marcnda Homes 351 5.6% Z O.R. Horton 582 10.0%
3 Holiday Builders 331 5.3% 3 Sivage Thomas Homes 428 7.4%
4 Seagate Homes 226 3.6% 4 Centex Homes 396 6.8%
5 Mercedes Homes 210 3.4% 5 KB Home 385 6.6%
f- 6 Amaral Custom Homes 171 2.7% & fuller Homes 296 5.1%
7 The Johnson Group 154 2.5% 7 Raylee HomesNantage Homes 274 4.7%
8 Paytas Homes 130 2.1% 8 Langford Homes of New Mexico 234 4.0"
9 Centex Homes 125 2.0% 9 Sunset Wesl Homes 159 2.7%
L 10 Today Homes U8 1.9% 10 Stillbrooke Homes ISO 2.6%
,Ul'Il.';F:: "').'" 1I('ll.lJ':R.t W':U\l.T
r TOTAL PERMITS: 5.701
TOTAL PERMITS: 6.102
, .:
r 1 Obra Homes 1.246 20.4% 1 Arvida/JMB Partners 812 14.2%
l_ 2 Lennar Corp./U.S. Home 184 3.0% 2 Lennar Corp./U.S. Home Corp. 712 12.5Yo
3 Hernandez Homes 160 2.6% 3 Technical Olympic USA/Engle Homes 620 10.9%
L 4 Guerra Homes 74 1.2% 4 Transeastem Homes 607 10.6%
5 Dan Siltrle Homes 35 0.6% 5 Minto Builders 425 7.5%
6 J.M. Moffin Construction 34 0.6'10 6 WCI Communities 347 6.1%
7 Northstar Homes 32 0.5% 7 Standard Pacific Corp.lWestbrooke Communities 340 6.0%
[ 8 Perry Homes, A Joint Venture 27 0.4% 8 G.L Homes 327 5.7%
9 Lopez Brothers Construction 25 0.4% 9 Centex Homes 242 4.2%
10 Lalo Cavos Construction 15 0.2% 10 Southern Homes 01 Polk County 166 2.9'10
L
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ADOBE ARCHITECTURE: Houses at Centex Homes' Stonebridge
community in Albuquerque, N.M., range from 1,553 to 3,281 square
feet, with base prices in the $120s to the $230s.
v"!""- -at
L PAGE 8A
r WEDNESDAY
. JULY16,2003
THE NEWS-JOURNAL
Business
f "
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Local
builder
continues
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growing
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By TAYlOR ASHLEY
CORRESPONDENT
f'
DAYTONA BEACH - ICI Homes con-
tinues to climb up the list of the
nation's top 100 builders.
After a momentary pause in 2001.
dropping to 98th. the company jumped
to 82nd in 2002, according to Builder
magazine's recently released report.
"I'm just extremely happy as a
builder from Volusia County to be on
the Builder list:' said Mori Hosseini.
ICI president. "There are 50.000 home
builders in the country in the mid- and
higher home category so I am extreme-
ly pleased to be among them,"
The company, headquarters at 2359
Beville Road and the only one on the
list based in Volusia or Flagler coun-
ties. entered the list in 1998 at 100th.
moved up to nnd in 1999 and 88th in
2000. before dropping in 200 I.
ICI builds everything from town-
houses to production houses to luxury
custom houses. The company reported
sales of 767 houses in 2002 and gross
revenue of $218 million. It huilds in
central and northeastern Florida.
Georgia. North Carolina. and
Tennessee.
But with the hot area housing mar-
ket. ICI's fast growth hasn't put pres-
sure on other area huilders. representa-
tives of area Home Builders
Association said.
"The market share is pretty diverse
and everybody seems to be busy:' said
Scott McCarthy of McCarthy Builders.
and president of thc Volusia Home
Builders Association. "As thc market
tightens up things might hecome dif-
ferent."
ICI does have more resources to buy
land. said Debi. Peterson. executive
director of the Flagler/Palm Coast
Home Builders Ass~Kiation. "Other
builders have their own marketing
strategies."
Smaller builders generally don't
look at building hundreds of homes a
year, she said. "The smaller builders
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lODAY'S FOCUS: LOCAL BUSINESS
lei Homes climbs to new heights
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~je'N'- iC'li.-n;,liCHRISTINA BURKE
Alexander Contreras, 19, of Kissimmee, a drywall finisher. stands atop
stilts while working on a mantle in an ICI home in Breakaway Trails
near Ormond Beach on Tuesday.
might have a vision of huilding 20
houses a year."
But building in largcr numhers does
help with cost savings on buying mate-
rials. Hosseini said. "The beneticiaries
of our suecess are ollr consumers."
As a company that also develops
subdivisions. Hosseini said ICI
depends on small builders to help with
sales of lots.
"We don't try to put small builders
out of business," he said. "We sell lots
to smaller builders and it's good for
everyone if they're successful and
good for the eCtll;llmy."
ICI could movc even further up the
Builder 100 list after this year as the
company continues to expand.
Plans are in the works to expand.
ICI's corporate headquarters to have
three times as much ortice space as it
has now. Hosseini said. "The growth
has been tremendous, we 've hi~ed no
less than 50 people in the last six
months."
The company also. continues to
~-:'ili~
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1',;:'iIiI:
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Top Builders
The ./iJlIlJlrillg are builders 011
Builder l11aga:,ille 'J Top 100
list fhllT build ill Hllusia or
Flagler ("Oil/Hies. ant! flll'ir
lIl/fiollal milk.
1. D.R. Horton, Arlington. Texas
2.Pulte Homes, Bloomfield Hills,
Mich.
J.
3. Centex Corp" Dallas
5. KB Home, Los Angeles
16. Habitat for Humanity,
Americus. GA
22. Morrison Homes, Alpharetta.
GA
23. David Weekley Homes,
Houston
24. Mercedes Homes,
Melbourne
33. Holiday Builders, Melbourne
39. WCI Communities, Bonita
Springs
76. Arvida/JMB Partners, Boca
Raton
77. Taylor Woodrow, Brandenton
. 82. ICI Homes, Daytona Beach
86. First Home Builders of
Florida, Cape Coral
increasc its marketing clout, entering a
joint vcnture with Wells Fargo Home
Mortgage Ine.. to originate, process
and fund mortgage loans for home
buyers and refinancing mortgages.
The joint venture, Security First
financial Group LLC, will sell a wide
range of home financing products and
services through Wells Fargo Home
Mortgage, the nation's leading
provider of residential financing. Wells
Fargo has offices in Daytona Beach
and Palm Coast.
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_._______________________________________B ULL12~_IS_C L OS_~___ UP _
leI Homes
EXPERIENCE NORTHEAST FLORIDA'S DESIGN LEADER,
ust as an artist creates unique works from the best materials,
lCI Homes makes certain that its residences are as special, as
memorable and as enduring as a fine painting or sculpture.
After 20 years in the home building business, ICI has
become known as Northeast Florida's new home design
leader. Currently building from St. Marys, Georgia, to St.
Augustine, the company's innovative designs, commitment
to quality and attention to detail combine to delight buy-
ers in the First Coast's most desirable communities.
"Our innovative, cutting-edge designs set us apart," says
Northeast Florida Division President Don Wilford. "Our
in-house architectural plans and elevations have won
numerous awards on the local, state, and national levels."
ICI currently offers 65 plans, with a choice of at least
two elevations on most and as many as seven elevations on
some of the most popular. And because the plans are
designed to accommodate options, buyers frequently per-
sonalize their homes with the kind of custom changes and
bonus additions for which ICl is known.
"We study trends, listen to buyers and are willing to cus-
tomize any of our plans to meet and exceed their needs
and expectations," says Wilford, a third-generation builder. I
ICI's homes boast upscale finishes and superb craftsman-
ship throughout. Exteriors typically feature stacked stone,
cast iron, decorative columns and grand entry features.,
Inside, you'll find detailed crown moldings, built-in enter-
tainment centers, exotic baths, loft/flex areas, fireplaces,
designer ceiling treatments and plant niches.
The company's custom and semi-custom homes range
in size from 1,700 to 9,000 square feet, and range in price
from the low $200s to nearly $2 million. ICI ranks among
Northeast Florida's Top 25 builders, and is the region's
No.1 builder in the $300,000-plus price range.
ICI built 250 homes in 2002 at an average price of
$387,000. Projections are to build 350 in 2003, with I
increased growth anticipated each year thereafter. '
Among the highly regarded Northeast Florida communi-
ties in which ICl has a presence are North Hampton,
Hampton Park, Marsh Island, Old Mill Branch, Turtle Shores,
Royal St. Augustine, South Hampton, Julington Creek and
Plantation Oaks. The company has also moved into the
Georgia market with Osprey Cove in Camden County.
ICI's expansion plans are highlighted by the develop-
ment of Highland Glen, a unique 300-home project off
Beach Boulevard west of the Intracoastal Waterway.
Architecture wiII be distinctly European in this
Scottish-English themed community, where homes will
feature stone elevations, soaring spires and other Old
World touches. The site will be dotted by lakes and land-
HOMEBUYER . SUMMER 2003
ADVERTISEMENT
The Southern Breeze /I is highlighted by a dramatic faux
double-door entry. This model is at julington Creek.
scaping wiII feature lovely English gardens.
However, the amenities at Highland Glen will be thor-
oughly modern. There'll be a 3,000-square-foot swimming
pool, a pavilion, a fitness center, a tot lot and a St. Andrews-
style putting green.
"Our nine new designs are unlike anything else in the
region," says Karen Sutherland, ICI's director of market-
ing. "And the setting will be tranquil and relaxing while
offering easy access to downtown, the Beaches and the
business corridor."
Home prices in Highland Glen will range from the low
$300s to the $500s. Three fully furnished model homes are
set to open in May.
ICl also plans to enter the -production home arena with
new plans priced from the $130s at Victoria Lakes, a new
development offYellow Bluff Road in the Northside. Two
other builders wiII join ICI in the community, where
models are underway.
ICI Homes has divisions in Daytona Beach, Orlando
and Jacksonville and is ranked among the Top 100 Builders
nationwide. The company's motto is "homes you can build
your life around."
Don't wait to find out why. Visit one of the company's
stunningly decorated model homes today, or call the cor-
porate office at (904) 281-0800. On the Web, go to
www.icihomes.com.
51
{ Who Is lei Homes?
Innovative design...
I
i ~utting-edge technology...
[remium building materials...
Oualitv construction...
r - . J
"personalized attention...
r
I hese are the core qualities
\
that form the foundation of ICI
t'lomes of lax, Inc. (lCI). It's
Llade ICI tl~e number one cus-
tom home builder in North
[ lorida, and helped push the
_ompany into the nation's
elite Top 100 Builders.
r
I
lrtdd to that 20 years' experience
.:1I1d a team of skilled profes-
L:<?nals - from designers to field
superintendents, from architects
I '') site selection specialists - and
! 's easy to see how ICI has
become a resounding Florida
I uccess star".
l .
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. _-' . ~. . _....... ~ "\ _.. ... I
~...~.. ./'.~..~t""--'t.-.,!-rI~~J~\'''::~. "_. 1 ~
H Place Quite extraordinary
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Taking a blank canvas
and creating a thing of
beauty is the most valu-
able reward an artist can
receive. A blank canvas
given to a builder with a
convenient beach location,
is a challenge to create "a thing of beauty" and
that is just what leI has achieved at a place
called Highland Glen. .
When leI acquired land on Beach Blvd.,
west of the Intracoastal Waterway and the
Beach, President Don Wilford, knew the com-
munity needed to be something special, in fact
"something quite extraordinary".
After studying the current product offerings,
listening to buyers needs and wants, and tak-
ing that information to find
just the right unique theme for
the setting, the community of
Highland Glen was born.
. The Scottish/English theme
was carried over in the influ-
ence of the new home designs
for the community as well as
the entry, landscaping, and
recreation area. The 300-home community will
have a timeless charm and appeal that will
assure value and endure for generations.
Amid natures beauty, it
will be easy to forget the
city's hustle & bustle once
you arrive at Highland
Glen through the majestic
gated entry. Traffic and
congestion will be the far-
thest thing from your mind when you are
relaxing at the pool complex, unwinding in the
fitness center, or honing your golf skills at the
Highland Glen putting green. And yet. ..just a
short IS-minute drive can put you in the cen-
ter of the action in downtown Jacksonville, the
Souths ide corridor, or the pristine beaches of
the Atlantic Ocean.
Home architecture and landscaping will
have distinct European influences, featuring
Tudor elements
and details, use
of stone and
brick, soaring
spires, carriage
garage doors,
and other "Old
World" touches.
The community
is dotted with lakes and landscaped garden
areas. A picturesque meditation park will add to
Continued on back
.
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EXCITEMENT (AND SALES) RUN HIGH AS NEW lei PLANS
ARE UNVEILED
2002 was a vel)' good year for ICI
Homes, and the 1st quarter of 2003 has
proven to be even better with banner sales
months and closings. ICI was
I' recently ranked #8 in the Top 25
Jacksonville Homebuilders, accord-
ing to The Business journal. ICI
Homes was also named the #1 Semi-
r custom Builder In The Nation For
High Tech/Smarr House Technology
r .. by Tecb Homebuilder magazine.
t The availability of in-house
l. design and architectural Cad person-
nel keeps Ier on the cutting edge of
innovative, up-to-the-minute designs
[
[
R Dream
Come Crue!
r~
i ~This is the first home I've ever
built and m)' experience with ICI
Homes was fantastic! I couldn't
believe how /lawless my home-
building experience was!~
- 5/)(//111011 Fraser
Hml1plol1 Park
L
[
r~ "One of the greatest aspects of
. having a home built by ICI is their
constant communication and
response to the client. Not only is
our home just what we wanted,
but also a n:ry good investment,
L because ICI is a builder who excels
in designs, execution, and commu-
nit'l,' locations."
r - Eliza!Jet/) & GrOlge Brac(l'
Old Mill Bml1eb
''Thank you for your effort and pro-
L. fessionalism during the purchase of
our new home. We received excel-
l lent customer service and would be
happy to recommend ICI to any
[' prospective homebuyers."
- Jere & Ja Ile Va l1alla
Plmwli011 Oaks
l.
and technology. Continually honing their
skills and creating new plans for new ICI
communities, their designers also meet
Cayman 11
with homebuyers to create custom looks
and changes to fulfill all their lifestyle
needs.
ICI Homes now has over 75 plans in
their portfolio and most have several
front elevations from which to choose. It
is not unusual to take two ICI floor plans
and combine them to build a buyer's
dream home. With all the unique settings
such as golf courses, beaches, waterways,
and estate wooded communities in which
ICI builds, the design team is always busy
with plans that create the best "fit" for lot
size, views, and amenities of a particular
area. That is why some ICI plans that are
offered at a beachside community may
not be offered at one of their family-
amenitized communities.
Entering into the final phase of con-
struction at their beachside
community of Turtle Shores in
South Ponte Vedra, they quickly
realized that the coveted remaining
lots had the opportunity to capture
both ocean and marsh views if they
designed 3-stol)' homes. The ICI
design team was quick to respond
to buyers' requests, and several new
3-story plans have been added.
They have instantly become best
sellers for Turtle Shores. The estate
lots at Plantation Oaks in Ponte Vedra,
Plantation Estates in Julington Creek, and
Bartram Plantation on the SR 210 corridor,
are perfect for the creativity and elegance
that the design team loves to add to their
plans. The Grand Opening for the
Southern Breeze II at Julington Creek was
held in May, and Realtors gave the design,
details, and decorating high marks.
The Shennandoah II at Bartram
Plantation is just completed. A perfect
example of an executive home on a larger
lot, it is flexible enough to accommodate
6 or 7 bedrooms and a 3-car courtyard
garage. A local Realtor described it as
"the perfect executive home without the
pretentiousness."
Never idle, the ICI designers are busy
once again working on several new 1-
stol)' homes to finish up the Highland
Glen offerings, but the next focus is on
all new product for ICI's first venture into
the northside market: Victoria Lakes.
Located off Yellow Bluff Rd., Victoria
Lakes will feature homes from 1,700-
3,200 square feet, designed with families
in mind. The rapidly growing northside is
experiencing move-up buyers from the
Arlington and central Jacksonville com-
munities. Victoria Lakes will have a
full-amenities center with pool, cabana,
play fields and more. The new models
are underway and ICI anticipates an
August opening.
As new ICI plans emerge, so do the
new premier communities in which they
build. Building from St. Mal)"s, Georgia
to St. Augustine, Florida gives ICI an
array of communities and lifestyles to
offer their buyers.
leI Homes will continue to develop
new, award-winning designs, and build
in communities of the highest quality and
locations. The excitement and satisfaction
of their buyers after they move in is their
validation that they are "doing it right."
r
lei HOMES HONORED FOR OUTSTANDING
DESIGN AT LAUREL AWARDS
April 5th was a special night for the
T Jacksonville homebuilding industly. The
I' -'aZlnual Laurel Awards gala was held at the
Times Union Center for the Performing
[" Arts, and was attended by over 500
industry professionals. The "Laurels,"
as they are affectionatly known, are
presented in several different sales
r,/ and marketing categories. A Laurel
for the best the market has to offer is
a real coup.
I I ICI Homes is proud to have been
I honored in the sales, architectural
rt,! design, and merchandizing categories.
All of the ICI sales professionals were
recognized for their sales achievem-
I nets in 2002 in category levels of 3,
[: 5, 7 and 10 million dollars sold and closed.
The ICI Homes design team was honored
I with awards for the Best Architectural
r I Design for the Driftwood model at South
I ! Hampton, The Preakness II model at
I Plantation Oaks, and the Southern Breeze
l'.' II model at Julington Creek. Best Interior
Merchandizing awards were bestowed for
I the Preakness II at Plantation Oaks and the
[Elan Du Mor, an individual custom home.
The Southern Breeze II , a relitively new
I offering in the ICI portfolio, is a dramatic 2-
r- story home with 4,041 square feet of elegant
Jiving. The 5-bedroom, 4-bath home features
I a large master suite with a sitting room, his-
and-hers walk-in closets, and spa bath. The
I
I gounnet kitchen has a spacious eat-in nook
I overlooking a covered lanai and pool. Four
I upstairs bedrooms surround a tray-ceiling
~ game area which opens onto a second
floor patio. r _---~l!"..J
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-+-:-:.-:~~";JJ.'~':"~'" cateoories
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-- Best des,g. . .... . .",
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This popular plan is designed for casual or
formal family entertaining and is also an
entry in the 2003 Parade of Homes.
The Driftwood and the Preakness II are
Preakness 11
long time favorites with ICI buyers. These
homes have been honored with various
awards in the past on local and state levels
and both are past Parade of Homes winners.
ICI Homes is committed to a mission
that focuses on design leadership and cus-
tomer satisfaction. Being honored for our
efforts in 2002 reinforces that mission.
FL()TSANI@
Butterflies taste with their feet.
No word in the English language
rhymes with "month."
A duck's quack doesn't echo, and no
one knows why.
Women blink nearly twice
as much as men.
f
~
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It's possible to lead a cow
upstairs...but not down-
stairs.
Our eyes are always the
same size from bilth,
but our nose and ears
never stop growing.
A snail can sleep for
three years.
It's physically impos-
sible for you to lick your elbow.
'r
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'l11M;Fi~ P-um
7he (. ~eji&nt
Welcome
to the first
issue of the
ICl'nsider. I
hope you
will find our
newsletter
informative, educational, and fun.
It is an exciting time to be in the
homebuilding business, and espe-
cially in the Jacksonville market. A
lot of changes and growth, a new
Mayor, the Super Bowl just 18
months away...1 would have never
thought that Jacksonville would
be booming like this when I came
here nine years ago. Change and
growth is positive and inevitable,
and in the home building industry,
we are trying to do it right and do
it best for Jacksonville.
The Jacksonville Division of ICI
Homes will sell over 300 homes
this year, but we know only ONE
matters: yours. From your first visit
to one of our models, we focus on
identifying your needs and dedi-
cating ourselves to exceeding your
expectations.
Our entire staff is at your side
with the goal of making your
homebuilding experience a pro-
ductive and pleasant experience.
Our commitment to design, quali-
ty, and value, understanding your
needs and desires, and building in
the area's best communities and
locations, provides the total pack-
age for our homebuyers. We will
continue to work even harder to
maintain and nurture the excellent
reputation we have achieved in
the Jacksonville area.
You have a glimpse of some of
our upcoming premier communi-
ties in this issue. I hope you will
visit an ICI Model Center soon to
experience our homes and what
we can do for you and your family.
;0:;;;;1- LI
't: Wilford
Northeast Florida Division President
l Published for 1(1 Homes
(bY Underdog Graphics
Executive Editor: Karen Sutherland
Art Director: April L.Gustetter
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Osprey Cove
912-882-5555
North Hampton
904-225-4816
Victoria Lakes
904-281-0800
Highland Glen
904-223-4637
Old Mill Branch
904-564-1945
Hampton Park
904-564-1299
Plantation Oaks
904- 273-8080
Julington Creek
904-287-8227
South Hampton
904-230-1400
Bartram Plantation
904-230-3075
Turtle Shores
904-829-5100
Royal St. Augustine
904-824-6668
GEORGIA
From Page 1
the charm. The amenities
at Highland Glen, however,
will be thoroughly modern.
A 3,OOO-square foot swim-
ming pool and open-air
pavilion will be the focus of
the recreation center. Plus,
there is a fitness center, tot
lot, picnic area, and a St.
Andrews style putting green.
"This community will be
one of ICI's most popular,
not only is the location out-
standing, the new home
designs and landscape
theme are unlike anything
else currently being offered
in the market.," said Don Wilford,
Northeast Florida Division Pres-
ident for ICI Homes.
New models are scheduled for
a June opening. The homes are
superbly decorated by Sissler
Williams Interior Designs and each
one is stunning and unique.
The Windsor, a 2,481-square
foot home, is the perfect plan for
the active retiree or smaller family.
Four spacious bedrooms and two
baths are featured. The master
suite has a detailed custom tray
ceiling, his and hers walk in clos-
ets, and a luxurious bathroom. A
14'x11' morning room off of the
gourmet kitchen is perfect for
informal family gatherings, and
opens onto a covered porch. The
OSPREY
COVE
>
:;:
lIC)HOMES.
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5150 Belfort Rd · Bldg 700
Jacksonville, Florida 32256
f www.icihomes.com
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Florida!;
~ BROKIRS\\'It(:O\t[ -Chcire-
l..!!J CReOnft'.
_ ...... Prkn~uhJC'd kldu.nJ;t tllltMlUl nulk~.
I ~ 02003 Inlt~1 Con~l'11C1iPll. Inc. All ri~hl\ fC'foCn'rd.
L Not an offer where prohibited by law.
gathering room with a cozy fire-
place vaults to the second story
for a dramatic open feel.
The Turnberry model is a real
eye-catcher with a rounded front
turret unveiling the dining room.
The 3,221-square foot plan is very
open and perfect for entertaining.
The second floor boasts a 24'x14'
standard game room, which can
be enhanced by adding an option-
al entertainment balcony.
The elegant Nottingham is
breathtaking from every angle.
The staired foyer beckons you to
a formal living room which leads
into an exquisite formal dining
room with custom ceiling details.
The open and spacious kitchen
and morning room flows in to a
covered porch with optional sum-
mer kitchen, perfect for casual
Florida living. Three abundant
bedrooms are on the second floor
along with an optional 13'x16'
bonus room and Juliet balcony.
You will feel like this is your own
personal fairy tale castle and your
dreams are limitless.
A fourth model, named the
Coventry, will be completed soon,
and will be featured in our next
issue. If you have immediate
needs there are inventory homes
at various stages of construction
always available.
Highland Glen and it is truly
"Something Quite Extraordinary."
,...
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First Floor ............1,771 sq.ft.
Second Floor .........1,510 sq.ft.
.;::."
OPEN TO BELOWj
OPT. BONUS ROOM
Total Living Area...3,281 sq.ft.
GARAGE
tC1ac;.
19"1l19"
rlll~:U=:"~
Overlook ................313 sq.ft.
Front Porch ..............37 sq.ft.
Lanai ......................167 sq.ft.
Garage ....................427 sq.ft.
TOTAL................. 4,225 sq.ft
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ICI~MES.
STANDARD FEATURES*
ELEGANT INTERIOR ApPOIl'TMENTS
· Dram:1tic:, open floor plans designed to bring the outside in
· Soaring J ()" ceilings in main living areas
· Spacious guesr hedroom suites, many wirh adjoining private barhs
· 16-incb ceramic rile in foyer, kitchen, hathrooms, hreakfast nook and laundry
· Decor:1ri\'e crown molding in main living areas
· Shower \-valls riled floor to ceiling
· 5 1/4 baseboards throughour
DESIGNER KITCHENS
· Durable solid-surface counter top, backsplash and kitchen sink
· GE Profile appliances featuring built-in double wall oven, cook top and microwan.'
· 42" high upper kitchen cabinets
· Uncler cabinet kitchen countertop lighting
· Luge informal dining with adjoining "Entertain \X/hile You Cook"
gathering area
._~ - ' - -I
- .::.. . I
LUXURIOUS OwNER'S SUITES
. Spacious design that offers both seclusion and expansive views
· Cozy sitting area or work retreat
· Wealth of closet space
· Walk-in showers
· Raised height wall mounted vanities in baths
· Large bull-nosed edged cultured marble vanity tops and sinks
DISTINCTIVE EXTERIORS
· Choice of "Island Colonial" or "~vlcditerranean" design
· Superb architectural detailing
· Choice of durable standing-seam metal or flat concrete tile roof
· Zoned irrigation system with timers ..
· Acrylic finish on front and rear covered porches
· Stained garage tloors
SUPERIOR CONSTRUCTION AND SYSTEMS
· 12 SEER high-efficiency AC/heat pump system
· Structured wiring for security, computers, telephone and television
· Insulated windows and doors
· Hot water re-circulating pump with timer
· 1-2-10 Home Builders Warranty VI Program
Note: All standard featMes are plan specific and subject to change without notice
o.mtracto" licc,,--<: .c1\('..\.""H6S1 @
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IAcCQON
20'11"
MASTER
BEDIlOOM 2
10'0G.
144.19'
DINING RM.I
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Overlook ................250 sq.
Front Porch ..............55 sq.
Lanai...................... 228 sq.
Garage....................428 sq.
BONUS R.ooM
10"CLG.
)5.,,16"
First Floor ........... 1,711 sq;
Second Floor......... 1,276 sq.
CR.OW'S NEST
100ClG.
IrIU'
Total Living Area.. 2,987 sq.
<0
BEtmOQM 4
l0-0CLG.
U':ll2"'
STOAAGt
GARA<iE
IO"CLG.
19".19'.
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TOTAL ................3,948 sq
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1~.141
1 731 sq.ft'l
First Floor ............. l' SS3 sq.ft.
Second Floor ........... ,
3614 sq.ft.
Total Living Area .... ,
321 sq.ft.
Overlook................ .....60 sq.ft.
Front Porch ............. 167 sq.ft.
Lanai............ ........ :::: 427 sq.ft.
Garage ..................
4 589 sq.ft
TAL .... ,
TO ..............
IHI~:H~~~
GREAT R.OOM
1000ClG.
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201..200
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leI Homes Story
-~--
ICl Homes, headquartered in Daytona Beach, FL. is wnrinually ranked among the
nation's top 100 builders by Builder magazine. Esrablished in 1980. ICl Homes has
ahvays been at rhe forefront of rhe indusrry as rhe srand.ud-be:ucr of excellence. The
recipient of countless prestigious awards for design and inn(wation, ICI Homes has
long enjoyed local, regional and national acclJim.
Experience and teamwork are key to the company's success. Over the last twenty-
three years, lei Homes has built rhous.1I1ds of quality homes in north. east and centra!
. Floricb and takes special pride in being on the cutting edge of
new home design and technology.
A team of highly skilled architects, interior designers,
builders and craftsmen combine their expertise ro offer a wide
array of an:hitectural styles and floor plans to match each
individual's lifestyle and price range. From spacious, affordable
residences to one-of-a-kind mansions, each home reflects the
landmark quality for which the company is known.
Another measure of the company's success is the vitality of its leadership. lCI
Homes is indelibly marked with the spirit,
style and values of its founder, l'.lori Hosseini,
whose innovations, achievemenrs and
personal charisma are legendary and whose
long-standing dedication to the community
remarkable. His leadership roles include
serving on the Board of Directors for numer-
ous private and civic organizations including
the National Association of Home Builders, the Volusia Counry Association for
Responsible Developmenr, the Halifax Fish Community Health Association and the
Board of Trustees for Embry-Riddle University, ICI
Homes is also a long-time supporter of Habitat for
Humanity and through the years, has lent a helping hand
to many worthwhile community projects.
Hosseini believes in a "hands on" approach. When
asked why the company conrinues to enjoy such high
client satisfaction, he says, "Our success is a direct result
of listening carefully to our homebuyers and deli\"ering the
highest quality craftsmanship, design excellence, superior
value and personal service; one home at a time."
d
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ICI Homes Model Center at Ocean Hammock
386.447.4833 www.ICIHomes.com
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" As one of the Nation)s
"- .,..,
[~ Top 100 Builders) and with
f" 24 years of experience)
ICI Homes has been at the
[ forefront of the industry as
r the standard bearer of
excellence. Always on the
cutting edge of new home
L design and technology)
[ ICI HOlnes takes pride in
[ ~ offering a variety of
I architectural designs and
I
~
L floor plans to nlatch
[ individual lifestyles and
r price ranges.
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MODEL #2436
BEDROOM 4
8' CLG.
II' x 12'
FAMILY ROOM
10' CLG.
IS' x IS'
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22' x 9'
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8' CLG.
11' x 11'
NOOK
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10' CLG. ~ I '
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LIVING ROOM
10' CLG.
IS' x 146
:MASTER:
BEDROOM
TRAY CLG.,
13' x 17' ,
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Homes you can build
your life around.
DINING RM.
10' CLG.
12' x 14'
FOYE~/l
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@2003 Intervest Construction. Inc. All Rights Reserved
GARAGE
8' CLG.
21' x 21'
r
ATI house plans and drawings .re the property of Jntervest Construction, Inc. and cannot
be copied or used without Pf!rmission. Inlervest reserves the right to modify the plans.
specificatIOns. and change dimensions without prior notice to or consent of the buyer.
All dimensions are approxima,te. Actual construction may v~ry slightly from plans.
Because we are always ImprOWlg OUf homes, we reserve the fight to substitute building
materials of like or better kind and quality and change features Without notice.
Rev. 07/03
I n ~ a ~ --~
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COVERED PORCH
2310 x 1310
NOOK
VOL. ClG.
102 x 100
r MASTER
BEDROOM
VOL. ClG.
I GREAT ROOM 140 x 1410
I'It i VOL. ClG.
1410 x 154
at- ,;; "" --------
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VOL. ClG.
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3 Bedroom, 2 Bath
MODEL #1620
THE
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PORCH
194)( 91
MASTER
BEDROOM
VOl. CLG.
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100 ClG.
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Rev. 07/03
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MODEL #2594
BEDROOM 2
10' CLG.
11' x 13'
12' FLAT CLG.
ICI~MES.
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TRAY CLG.
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@2003 Intervest Construction. Inc. All Rights Reserved
GARAGE
10' CLG.
22' x 23'
AI house plans and drawings are the property 01 fnrervest Construction. Inc, and cannot
be copied or used without permission. Intervest reserves the right to modify the plans.
specifICations. and change dimensions without prior notice to or consent of the buyer.
AI dimensions Bre approximate., Actual construction may vary slightly from plans.
Because we are always imprOVing our homes. we reserve the fight to substitute
bfilding materials of like or better kind and quality and change feafures without notice.
Rev. 07/03
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PORCH
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MASTER
BEDROOM
VOL. TO 10'
154 X 120
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VOL. TO 10'
150 x 140
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4 Bedroom, 2 Bath
MODEL #1774
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PORCH
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MODEL #2747
BEDROOM 2
10' CLG.
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FAMILY ROOM
12' CLG.
148 x 146
PORCH
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ICI~MES.
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12' CLG.' 12' CLG.
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. - - - - - . - - - - ~ .
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TRAY CLG.
18' x IS'
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NOOK
12'CLG.
10' x 12'
,,_ _. J _ _ _ _ _ _ _ _ _,
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EXERCISE RM. .
10' CLG.
11' x 7"
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@2oo3 Intervest Construction. Inc. All Rights Reserved
GARAGE
la' CLG.
21' x 20'
BEDROOM 4 /
OPT. STUDY
la' CLG.
13' x 12'
An house plans and drawings are the property of fntervesl Construction, Jnc. and cannot
be copied Dr used without permission. Intervest reserves the right 10 modify the plans,
specifications, and change dimensions without prior notice to or consent of the buyer.
An dimensions are approximate. Actus' construction may vary slightly from plans.
Because we are always improving our homes. we reserve the right 10 substitute building
materials of like or better kind and quality and change features without notice.
[ .
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12' aG.
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Il'CLG.
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Rev. 07/03
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3 Bedroom, 2 Bath
MODEL #2114
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[0 Palm Coast
386-447-;802
HO//1es fro//1 Ibe 1011' $ 100s
r- @ Grand Haven
386-447-986;
Homesjiv//1lbe $140s
j C} Ocean Hammock
386-447-4833
HU//1esjiv//1 Ibe S30()s
L () Plantation Bay
800-779-4164
H(J/lle/lol Pacfmgesji'o//1lbe $/60s
r. 0 Breakaway Trails
386-672-9930
//ome/Loll'acfmges ji"O//1 Ibe $200s
r
I 0 Waters Edge
L. 386-7;6-900;
f{ollle/Lol/'ackfl,~i's.li"()Jlllbi' $140s
L & Covendale at Waters Edge
386-7;6-8200
HO//1e/LlIl Pacf,'(/gesji'fJ/l1lbe $200s
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www.IClhomes.com
".....
A COftllllitllle1lt to HOJlle-Building Excelle1lce
Building a new home can be as intimidating and confusing as it is
exciting and fun. At ICI Homes, our goal is to help you make the best
selection to fit your lifestyle. We take pride in offering a variety of
architectural styles and floor plans to match your needs and your
price range. .
Outstanding Quality
The key to our success has always been our commitment to quality.
Because we build so many homes each year, we have a volume
purchasing advantage tbat ensures your bome is built with the finest
materials at the most competitive price. F1l11hermore, lee put evel)' house
we construct through nllmerous inspections throughout the building
process. The end result is a home that will withstand tbe test of time and
be a testimony to craftsmanship over the years. It is for that reason that
many of our customers buy not on(y their first homefrom ICI Homes
but their future homes as well.
A Personal Design Center for You
To help you create the beautiful home ofyollr dreams, ll'e have
established a fully authorized design center. Staffed by professionals, you
will receive personalized service in making your decisions. Our designers
will work with you to select evelything from color schemes to flooring,
cabinetl)', faucets and even exterior colors.
ICI Customer Care Program
As paJ1 of ollr commitment to the cllstomel; we have instituted a unique
qualiZr-control program. It includes a pre-dl)'wclll inspection to check the
structural integrizy of the Intilding. A cOlporate inspection takes place
seven days before the homeowner sees the structure. Our New Homeowner
On'entation is a step-by-step CjualiZ)l assurance process done with the
homeowner in which evel)' component of the home is evalualed.
Fin a l(y, ICI Homes prouides a HBW V7 lVarranZy Program that
ensu res total CIlst0171er satis/action.
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The Times-Union
J
Saturday, July 26, 2003
UILDERS HOWCASE
Real Estate
Transactions
Inside
The First Coast's Guide to New Homes & Communities. An Advertising Special Section of the Times-Union
I "":" j
I ,INSID' TODAY;
I
L. ~-
Summer season
Even wilh sltght increases.
interest rates are at record
(ows. and builders are busy
oddulg model homes and
,Il\'entory stock 10 Ihe growing
communihes all around
Jacksonville. Builders
Showcase is your weekly
quide \0 new-home communi-
ties wilh Ihe laleslllllonllatlOn
00 bUIlders, neighborhoods
d.lld the Industry Start YOlll
<.e,,,,:h 101 a d.eam home
,nside, and lake us along as
you Visl! the best JacksonvIlle
Il<ls to otter.
Special features ..........Page
Ryland Homes makes an
imp.ession 011 the FilSI Coasl
,
...,...................1
1a\lo. Woodrow tlllllS lis
d!lention \0 51. John:; Forest
..--______....... ................. ..10
Pldn~; 101 Acqullus II revealed
..........................__ ...............11
Panlher Creek's Ihree builders :
make their move ............. ..13
Heritage LandlOg at World
Gall Village purchased by
DR. Horton...................... .17
ClaSSIC Amencan debuts its
new model in Bonapar1e
crossing... .............__ ...... .19
Free tlfeplace included in
North Florida Blulders' homes
al Newporl Harbor. 20
Regular features ..........Page
About this section ................9
Floorplan-Morrison Homes ..4
Home Energy........ ...........12
H20 Conservation........ .....15
Mortgage................. __.16
NEFBA~Calel1dar ......... .......~,
New~rni:tk.elti .................. .,...~
Poolside .... ..... . .............;>, \
Real Estale Terms... . ........10
Real Estate Transacllolls ....8
Workshop Calenda!.. . .. .. .18
~URBtAPPIAL I
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The Chateau III
At The King & Bear at WGV
By North Florida Builders
~
. Air-conditioned area:
:1.846 square lee I
. Description: This lovely
live.bedroom, llve-ballr eslilte
Ilolne leatures a beautitul
breaklaslloom with il milered-
glass bay window, a spacIous
lamtly loom, an upstairs game
loom wilh wel bar and a pri.
vale owne,'s sUIte with a read.
illg letreat. The breakfast
'oom and owner's suile opell
1.0 the lanai With expanSIve
gall alld waler views.
. Price: $659,000
. Community: Localed
between_Jacksonville and St.
Augustine, The
Neighborhoods 01 World GolI
Village otters a variely at d,s,
tillctlve neighborhoods.
Comintinlly aiiiel\ili~s ineludl!
shopping. llrsHale schools,
championship goll, community
parks and world.class enter-
tainment including the World
Gall Hall at Fame and World
Golf Village IMAX. Theater.
. DlrtK;Uona: From
Jacksonville, lake Interstate
95 South 10 exit 95A,
Internalional Gall Parkway.
Turn right on Internallonal
Gall Parkway. KIng & Bear is
approximately 2.5 mIles
ahead. just past Flolida 16
Intersection.
. For more Information:
Contact Nor1h Florida Builders
at (904) 642-1344. The sales
center IS open 10 a.m. to 5
p.m. Monday through
Saturday and noon to 5 p.m.
Sunday. Visit North Florida
BUIlders online at
www.nor1hlloridabullders.com.
Tomorrow in Real Estate:
'7.nnin.. "han..".
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H'le Cayman II Sel'le:, 0" leh mOdel and intollnation center for Its developments at South I tampIon
- SPKil1
Stewards of St. Johns
rCI sets luxllry home standards in St. Johns County
8.1' .1I.r/.; I-"'II/.;n~r -
Specl..1 S~r:"ons WfltfH
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For II", pa~t "I'vI'ral Yl'''r~, St.
,JohlL'I (:uUllly has ,'xpt'.rit'II('cd
all t'xplll"ion in r..sid"lIlial
growth. Long-time Noriht'ut Flol'id"
: ~:4idr.llt~ and m"',"culllt'r:-..lu (ht", Arpa.
"like walllln I... pari orlhi" ullion ur
lIIa"t..r-plallllt,d commullil;..s, a hi!:h.
Iv laud..d ~dlool di~trirl and vil1uallv
e\'cry l'OIIlIlWITlal t'nlln'uif*I1c..t~ i.nal;{f.
lIabl.,.
Inlen,.."t COlIstntdiulI !tll'. lIell
plays a I,'adin!: 1'01.. in lht'roll"ll'lll"
lion orluxurv hOIlIt'" in Sl. ..Johlls
('uullt,\'. For ill!' P'''! I" years, tl",
rUlllp;UlY ha~ I't"t.'of.d,..d SlU""":';S ant'r'
~lll'l'("S=" ill C."Ollllllullllie:o\ ~lIl'h a:-\
Plantaliull Oaks, Turllr, Shure" and
Odum's ~Iill. Cmllbill..d wilh its de\'d.
oplllt'nls ill Duval. Na"sau alld Clay
"Ullllli.,s, lei I"", bt'CURl(' th.. lar!:"~t
build.'r ur hu II It" uv..r $:100,000 in tI",
.Jal'ksonvill(' ;.!'t'''.
Bal1 nUll Plalllatiull. I'lantatiun
Estalt.s \\'..~t al ,Julilll:lnll Cr",'k
Plantalion and SUlIlh Hamptoll --
ICI'~ lIeWt'st SL .Juhlls CUllnt v dt'vC:'l-
oplll..nt~ -- aI'" ('arryin!: on t1;I' ,'0111-
pany's tradilioll ur SUI"'C"S. Spurrt'd
bv sum,,"rthelowt'sl intcrt'~t ralt,s in
d~,'ad..s, buyer~ an' tr..alill!: Ih"m.
"elves to Ih.. w!'alth ofluxnri.." Ihat
complement ICI'" nunwrous flour.
plans.
Jl'here's a huge dcmand for hom('~
in the $:100,000 10 $600,000 rang.'
and thaL'lI what lei builds: said
Divi"ion Presidelll Don Wilrord.
".Julin"ol1 Crt't'k Plalllatioll ha" a
pro\'ell amrnities celller alld artivi-
liell that "peak for lhem~elv(,,,.
- Mark FaulknerfSPKla' Seellona alall
The Shenandoah II's kitchen includes all of the modern features
tOday's luxury home buyers seek, including raised-panel cabinetry.
granite countertops and high.end oppliances.
Bartram Planlation is a ~maller, fam.
ily-type communit)', and Soulh
Ilampton ill a golf courst" community.
Wt"'re prelly much building in the
~am.. price poinL1i for all three"
Wilrord allribull'~ much of the new
development in Sl. ,John~ Gounty to
Mandarin r~idenl.'1 who want tAl stay
clOKe to the communily they !leuled
in, yet move up to llluxury home.
With land in Mandarin becoming
increasingly scart'e. St. John~
County's northern hall' providel an
altractive allernalive.
Plantation Estates West is one or
,Juliligton Creek Planllltion'" newest
neighborhoods, and it looks 011 track
to continue drawing more and mor..
residenu to the ma~ter-planncd t'Om.
munity. JulingtoD Creek's combina-
tion of a fir~t-rate aquatic center,
championship golf, picnic, park and
playground~ and more than 100 acres
oflakes set among 1,200 acrell or
nature preserve has made it one of
1,'lorida's fastest-growing \'onununi.
tie~,
Localcd along the ever-..xpanding
County Road 210 corridor, South
Hampton offel1l a weallh or activities
and reaulr..s lo ~uit any lilestyl.. as
well a" qui<-k acces~ to .Jackllonville
via Interslall' 95, Amenities include
lUl 18-hol.. ch"mpi,'n~hip golf ,'Ourse
designed by ~{ark McCumbt>r, aqual-
ics cenler with Keparate pooH, ror
adull.ll and children, coml1Junity club.
hou"", junior golf, swim ",i1d tennis
programa and a llOCial rnembt>rship.
\"hell il,'Om..." to lot ~i7.t' and priva.
CY, Bart".m Phullalion ~land~ alone.
Wilford said orlhe 16 communities
wh..re lei build, Bartram
Plantation'" luls are Itv far tl\('
largt'sl. AIIIIII~ ,m' 125 fioel wid.. and
som.. a.... more than :100 reet deep.
Playground~ and ('hildren's aclivity
areas are cominl: on line ~oon.
Coupled with all of the convenienl
access to grocery Slon~s, rt'slauranl..
and olher st'rvices alollg San .Jose
Boul{'\'ard and Florida 13, it'll easy to
understand why so man)' families are
pit-king Bartram Plant"'lion ror tht'ir
luxury hom....
Willord "aid mllllV Iirst-lime luxury
homt' bU)'el1l arc taking advanlage or
I he histori,'allv low intrreKt ratt'lI. Ill'
h('ars lheir su'rprise every day,
"Normally irthey think lhey can
only afford a 3,OOO-square-foot-home.
they're finding oulthey can alford a
4,OOO'lIquare-foot hODle for Lhe aame
price: he said. "With interest rates
down now compared tAl a couple of
yeal1l a~o, we're getting a lot of people
who are upsizing to take advantage of
lhose rate.:
Such liiatinctive communities
deserve elecant homes and leI's
desiJ:ll team conLinuea to create new
S.. MORE. Page 6
- Special
lhe lei rnodel cAllter lor tl'le Plantation Estales "'lest communilv in Julinolon C:lPl'k Plnnlntion i, IO,"ntArl in,irl., it, .""', ,th.,rn 1'1,.,<>,., II ",,,,riol
L
INTEHVEST CONSTRUCTION OF .lAX, INC.
An Advcrli$ing Special Section of~llmtS'~all, Jacksonville, Saturday, July 26,2003
~
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With tall windows and transoms showering the room in
light, the morning room in the Shenandoah II looks as
elegant as a formal dining room.
More plans
add to choices
- Mark FaulknerlSpecla' Sections sta"
Amenities such as a glamorous owner's bath with huge walk-in shower and Jacuzzi tub highlight the Shenandoah
II's luxurious custom-home atmosphere.
...
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From Page 1
l100rplans and revise old ones to make customers' dreams com('
alive. ICI has more than 70 plans in its portfolio, ~ I of them
intJ:oduced in the past eight months. The builder welcomes ;;Ind
encourages customizing - in fact, Wilford said many of thl'
prior customers' tweaks and changes are incorporated into
plans later on.
uWe have such a high plan portfolio, and 70 percent of 0111'
huyers have some kind of customizing," he said. Ult might be a
minor bump-out of a couple of feet in the bedroom or they
might want to add one or two bonus roo.ms. We keep l'oming up
with different versions of t.he plans as we see what 0111' cus-
tomers like to add,"
Each of ICI's 16 communities features a ditJerent model,
allowing customers to experience most of those new plans first-
hand. All of the plans share an emphasis on Old World archi.
tecture, Florida traditional and ~~uropcan influences.
For more information on leI's dcvdnpmcnts at Bartram
Plantat.ion, contact. sales executive Bill TI1l'es at (904) 230-
3075, Bartram Plantation is located ofT Greenbriar Road, near
Florida 13, Call leI's South Hampton sales executives Krystel
Daily or Mary McCollum at (904) 2:J0-1400. South Hampton is
on County Road 210, west ofInlcrstate. 95. Plantation Estates
West sales executives Kathie. Lee. Menninger and Lance Winler
can be reached at (9041 287-8227. .Iulington Creek Plantation
is at the intersection of Racetrack Road and Florida la, south
of .Jacksonville and the Julington Creek bridge. To learn more
about ICI's other developments, visit www.icihomes.com on the
Internet.
~ 't
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- Mark FaulknerlSpoclal Sections stan
The Shenondoah II's owner's suite features 0 step-tray ceiling and sitting area that
opens to the covered lanai.
The Daytona Beach
e s-
ourna
THE INDEPENDENT VOICE OF VOLUSIA & FLAGLER COUNTIES
www.news-jCXJl.!.laI6nIine.com
ERAU
alumnus
gives back
to school
By CINDI BROWNFIELD
EDUCATION WRITER
DA YTOMA BEACH - One of Em-
bry-Riddle Aeronautical Univer-
sity's biggest fans, homebuilder
Mori Hosseini, is donating more
than $1 million to his alma mater
- the largest donation ever from
anERAUalwnnus.
The university is naming its
field house on Clyde Morris
Boulevard after Hosseini's com-
pany, ICI Homes, in apprecia-
tion of the donation. The new
sign on the "ICI Center" is sched-
uled to be un~
veiled Thursday
evening.
"Embry-Rid-
dle is something
near and dear to
my heart," said
Hosseini, 47,
who refused to
disclose the ex- HOSSEINI
act amount of his
gift. "Embry-Riddle does a terrif-
ic job. Embry-Riddle not only
gives a tremendous education, it
builds character. Allover the
country, so many people know
us."
FINAL EDITION
A native Iranian, Hosseini
grew up in England and was a
college student in London when
he visited Embry-Riddle for a
10-day seminar in 1976. He was
studying to become an engineer
at the time.
"I loved it. I loved the flying. I
loved the school. Everything was
great. So I.decided, when I fm-
ished my degree, to come to the
U.S. and fmish my flight (train-
ing)," said Hosseini, who holds a
private pilot license.
He'went on to earn two degrees
from Embry-Riddle - a bache-
lor's in aeronautical studies in
1978 and master of busmess ad-
ministration degree in 1980.
In the meantime, Hosseini had
started fixing up dilapidated
condos for resale. Then he built a
few homes. And, in 1980, he in-
corporated Intervest. Construc-
tion Inc. - now called ICI
Homes.
The company is the largest
homebuilder based in the
V olusia/Flagler market, and the
98th largest in the nation. ICI
built 638 homes in 2001, worth
$162 million.
Over the years, Hosseini has
served on Embry-Riddle's mas-
ter plan committee and Presi-
dent's Council. He is currently a
member of the Board of Trust-
ees. And he's a fan of the Eagles
basketball team - traveling to
Branson, Mo., in 2000 to watch
the team win the national cham-
pionship.
TUESDAY
JUNE4,2002
TODAY" 'OUCAlT
A definite chance you'll need a fan.
High: Mid-90~. Low: Low 70s. .A.6C
LOCAL
ERAU fieldhouse to
carry name of major donor
PAGI1C
50 cents
"I started from zero in this
town. You have to give back to
your community. You cannot
just take, take, take," he said
Monday. ICI Homes is also a
supporter of Habitat for Human.
ity and the Salvation Anny.
When Hosseini revealed his
plan to make a "seven.figure"
donation, university officials
responded by offering to name
the fieldhouse after him. Hossei-
ni said he picked the name "ICI
Center" to honor his employees
- rather than for advertising
purposes.
"I felt my employees are part
of my success, and I wanted
them to be part of it. I did not
make this company myself," he
said.
Part of the gift will be paid
now, with the rest being paid
within a year, Hosseini said. He
challenged other Embry-Riddle
alumni to support the school.
Perry Fulkerson, ERAU's vice
president of institutional ad-
vancement, said Hosseini's do-
nation is the largest ever by a
university graduate or by a lo-
cal resident.
"This is a very important gift
for the university," Fulkerson
said. ,
The donation is unrestricted,
and Embry-Riddle officials have
not yet decided how to spend it,
Fulkerson said.
October 30, 2003
Via Email
Ms. Julie Christine
-Purchasing Agent
City of Edgewater-
Post Office Box 100
104 North Riverside Drive
Edgewater, FL 32132-0100
Re: The Clark Development Team
Requested Information
RFP # 03-0GS-Ol
Dear Ms. Christine:
Pursuant to requests made by City representatives at our 10-28-03, 2:00 PM presentation,
attached please find the following:
1. A copy of the proposed Boston Whaler protection language as read into the record
during the presentation.
2. A copy of the spreadsheet Performa Analysis depicting "value added to the
property". We will rely on the City to make the calculation connecting value
added to net tax revenue if so desired.
Our team extends our thanks to City staff present during the RFP presentation process for
their professionalism, the relaxed format and ensuing discussion.
Very truly yours,
Scott M. Glaubitz
Scott M. Ghiubitz, P.E., P.L.S.
President
B.S.E. Consultants, Inc.
SMGlkmm
03-sg-061.oct
cc: Coy Clark, Clark Development Co. (via email)
Doug Ross, ICI (via email)
Harvin Clark, Oskie (via email)
Language contemplated by Clark Development Co. with respect to Boston Whaler as
read into the record during our RFP presentation.
"Developer/Builder acknowledges the presence and on
going operation of the adjacent property owner, Boston
Whaler, and as such will implement into the
Homeowner's Association Recorded Documents,
covenant and restriction language that will prohibit the
issuance and or filing of a complaint by residents of
Riverwalk development against the Boston Whaler
Company as long as said company adheres to any and
all governing regulatory guidelines for operation of a
boat manufacturing facility."
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Civil Design and Construction Services
1835 Edgewater Drive Orlando, Florida 32804
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91 3 North Nova Road Holly Hill FL 32177
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October 14, 2003
Ms. Julie Christine, Purchasing Agent
City of Edgewater
104 N. Riverside Drive
Edgewater, FL 32132
RE: RFP #03-0GS-01 for Purchase/Sale and Development of60- Acre Waterfront Property
Dear Ms. Christine:
It is with great pleasure that I submit to you our proposal for the development of the 60-acre
waterfront property located at 4115 South U.S. 1. Our development concept, entitled "Edgewater
Harbor", relies on the public's interest and emphasizes the character of Edgewater as unique
water-oriented community.
The location of Edgewater Harbor is best suited for a residential and marine-oriented use.
Located on the Atlantic Intracoastal Waterway, close to Mosquito Lagoon and approximately nine
(9) miles from Ponce Inlet, the property is an invaluable asset to the Edgewater community. We
feel that this property should be a beneficial and notable addition to the Edgewater Community.
It is our objective to create a facility that can be enjoyed by the general public of Edgewater.
Along with the residential component consisting of condominiums available to both local and
second homebuyers, our concept includes the addition of a fishing pier, restaurant, boardwalk
along the waterfront, retail shops, a ships store, and dry-stack marina. We hope to create an
entertainment destination on the river that will be a fun place for boating, fishing, dinner or just a
stroll along the boardwalk to take in the views.
Less than one year ago we completed a market analysis of the area, and identified a substantial
deficiency in marina docking facilities. Currently, there is no surplus of public access dockage
available to the residents of Edgewater. The minimal amount of dockage that occasionally
becomes available is reserved months if not years in advance. The development team and our
investors feel that our development plan is the most feasible use for this site because it combines
waterfront commercial elements available to the general public with residential usage designed to
increase the tax base for the City with minimal impact on services.
At this time we anticipate a schedule that would begin with a closing on the property by February
2004, construction to begin October 2004, completion of Phase One in October of 2005, and
completion of the entire project in 2008. We have considered the schedule for the marina
permitting, and this will not be included in the initial phase of this project, but should follow
shortly after, depending upon permitting requirements.
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PALM COAST, FL 32137
We offer to the City of Edgewater the purchase price for the property of $3,055,000, the amount
the City is paying to purchase the site from V olusia County, plus any additional direct costs to the
City. We also acknowledge that no member of the development team will be eligible for any real
estate commission in conjunction with this transaction.
The contact person for our Project Team is Mr. Daniel T. Michelbrink. He can be reached at
(386) 409-3300 or (386) 547-0790. Edgewater Harbor, LLC has assembled a team of highly
qualified. and creative local talent including Gierok Engineering, DJ Design, Honeycutt and
Associates, Biological Consulting Services and Shutts and Bowen. For a detailed listing of our
project team please refer to the Project Team listed in our Proposal. The Key Members of our
Project Team understand the goal of creating a residential community and waterfront
development that Edgewater can be proud of and that the public will use and enjoy for
generations.
I
Thank you for allowing us the opportunity to propose on this project and I look forward to joining
forces with the City to complete this mutually beneficial project.
Sincerely,
-~~::!0~n~~
Managing Partner
Edgewater Harbor, LLC
.
SECTION B - PROPOSAL
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natural vegetation as possible including adding vegetation to create a natural border between the
properties. To the south we will build an extensive heavily planted tall berm along the property
line to insulate our site from the adjacent Boston Whaler facility and vice versa. All of our
residential units will be located at least 400 feet from the south property line. We recognize that
our neighbors were there first and respect their rights to continue their operations "business as
usual" after our development is completed. To this end we will include language in all
condominium documents that ensures our neighbors' rights to continue their business operations
uninterrupted. We have been in contact with representatives of Boston Whaler and intend to work
together along with the help of The National Marine Manufactures Association to find a way to
live together.
The Development Team at Edgewater Harbor understands that "Marina Management" works on
the same basic management principals that apply to any successful business. At the same time we
also understand that all businesses are unique, and a marina business in Edgewater Florida will
present its own set of challenges with which we are familiar and able to handle.
Marina Management Services Inc. (MMS) will take the lead role in helping to set up our strategic
marina management plan. MMS provides third party operations management and management
consulting specializing in the marina, boatyard, and water-sport industries. MMS also provides
specialized consulting in the areas of financial analyses, business valuation, feasibility studies,
design analysis, business plans, market studies, operations management, and accounting system
designs. MMS will provide creative strategies that are grounded in years of experience, not market
theory.
MMS is led by Mr. Dennis Kissman. Mr. Kissman is a member of the National Marine
Manufactures Association (NMMA) and has served on their Facilities Development Committee
since 1989. He is also a member of the Marina Operators Association of America (MOM) and
represents MOM on the Marina Committee of the International (European) Council of Marine
Industry Associations (ICOMA).
He will establish the Safety and Environmental Protection program that will ultimately lead to our
goal of "Edgewater Harbor Marina" achieving a "Clean Marina" designation from the Florida
Department of Environmental Protection and the Clean Boating Partnership.
In the limited space available within the confines of a proposal format, we hope that we have
provided you with an understanding of our vision for the development of this site, and have
outlined a development plan for the property that meets the City of Edgewater's needs and
economic goals. Edgewater Harbor will be a high quality project that will create new jobs, add
long term revenue sources, and have minimal impacts on City services.
When selected as the developer for this project, Edgewater Harbor, LLC fully expects to
compensate the City of Edgewater for the full amount of the purchase price of the property
($3,055,000) plus any direct costs (survey, testing, preliminary engineering and permitting). We
will also look forward to the City's assistance in the permitting process.
B-2
10/16/2003
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PALM COAST, F"L 32137
PROPOSAL
Edgewater Harbor is a planned 540-unit residential condominium project, including a dry_
marina, restaurant and retail shops, and hereinafter is referred to as the "Proj ect". The s
located in the expanding south side of Edgewater, Florida, and includes 926 linear feet of fro:
along the Atlantic Intracoastal Waterway. The 60 acres of riverfront property offers every
that has made the Florida lifestyle famous.
The Project will consist of eight (8) five-story 60-unit buildings with 12 units on each floor.
units will be a combination of 2 and 3 bedrooms/ 2 baths units. Each unit will have a
balcony and a complete set of name-brand appliances, ready to be furnished. The buildin~
have ground floor secured parking with car wash bays and an electronic admittance panel. P
refer to the two exhibits following which depict a proposed elevation and site plan for the pro
Edgewater Harbor will be developed as a tropical paradise targeted at second home buyers
the Central Florida market. It has long been proven that second-home, vacation condom in
have significantly less impact on public services than other types of development, ,
generating substantial tax revenue for a municipality to reinvestment back into the
community.
The natural surroundings of the Indian River and its bountiful wildlife combine to forn
perfect backdrop for a tasteful family-oriented condominium project. Edgewater Harbor's \
Front will be a place for all Edgewater residents to enjoy the benefits of a waterfront board'
Our Water Front will include a restaurant, retail shops, ships store, bait and tackle, fishin~
crabbing pier and a dry stack marina. Our conceptual plan is designed to combine a restal
retail elements, a marina and condominiums to create a project that is economically soun
both Edgewater Harbor LLC and the City of Edgewater.
The Edgewater Harbor Project Team (please refer to the detailed listing attached) recognize
importance of maintaining the natural beauty of the water front environment. Our m
development experience has taught us that it is necessary to work with local, state and fe I
agencies as well as other environmental organizations to ensure all environmental concern
taken into consideration. Previous proposals for this site included a large man-made hi
created by extensively dredging and opening the existing sea wall. Our plan woule
substantially less disruptive to the environment. Our proposal is for a dry stack marina, me,
no permanent wet slips. Limited wet slips will be provided for staging of boats leaving
returning to dry storage and for transient usage. Staging docks and boardwalks will be constn
using the latest technology and best materials in order to have the least impact on the environ
during construction.
Our development team also recognizes the concerns of our neighbors to the north and south.
regard to the residential Haciendo del Rio to the north, we intend to leave as much of the ex
B-1
10/16/
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2 ..JUNGLE HUT ROAD
/)1 /J
r-{by~?O"V LLC
PALM COAST, F"L 32137
natural vegetation as possible including adding vegetation to create a natural border between the
properties. To the south we will build an extensive heavily planted tall berm along the property
line to insulate our site from the adjacent Boston Whaler facility and vice versa. All of our
residential units will be located at least 400 feet from the south property line. We recognize that
our neighbors were there first and respect their rights to continue their operations "business as
usual" after our development is completed. To this end we will include language in all
condominium documents that ensures our neighbors' rights to continue their business operations
uninterrupted. We have been in contact with representatives of Boston Whaler and intend to work
together along with the help of The National Marine Manufactures Association to find a way to
live together.
The Development Team at Edgewater Harbor understands that "Marina Management" ~orks on
the same basic management principals that apply to any successful business. At the same time we
also understand that all businesses are unique, and a marina business in Edgewater Florida will
present its own set of challenges with which we are familiar and able to handle.
Marina Management Services Inc. (MMS) will take the lead role in helping to set up our strategic
marina management plan. MMS provides third party operations management and management
consulting specializing in the marina, boatyard, and water-sport industries. MMS also provides
specialized consulting in the areas of financial analyses, business valuation, feasibility studies,
design analysis, business plans, market studies, operations management, and accounting system
designs. MMS will provide creative strategies that are grounded in years of experience, not market
theory.
MMS is led by Mr. Dennis Kissman. Mr. Kissman is a member of the National Marine
Manufactures Association (NMMA) and has served on their Facilities Development Committee
since 1989. He is also a member of the Marina Operators Association of America (MOAA) and
represents MOAA on the Marina Committee of the International (European) Council of Marine
Industry Associations (ICOMA).
He will establish the Safety and Environmental Protection program that will ultimately lead to our
goal of "Edgewater Harbor Marina" achieving a "Clean Marina" designation from the Florida
Department of Environmental Protection and the Clean Boating Partnership.
In the limited space available within the confines of a proposal format, we hope that we have
provided you with an understanding of our vision for the development of this site, and have
outlined a development plan for the property that meets the City of Edgewater's needs and
economic goals. Edgewater Harbor will be a high quality project that will create new jobs, add
long term revenue sources, and have minimal impacts on City services.
When selected as the developer for this project, Edgewater Harbor, LLC fully expects to
compensate the City of Edgewater for the full amount of the purchase price of the property
($3,055,000) plus any direct costs (survey, testing, preliminary engineering and permitting). We
will also look forward to the City's assistance in the permitting process.
B-2
10/16/2003
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/11 /J
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PALM COAST, F"L 32137
Our development team set a goal to develop this site to its highest and best use and we are ]
of our conceptual plan. We hope that we are given the opportunity to further pres en
development plans, to provide answers to all of the City's questions and concerns, as WI
demonstrate our conviction that we have developed the most feasible development fOJ
property. With this goal in mind, we welcome any new ideas improvements to our 0'
concept, either generally or specifically, which would make this development a signiJ
contribution to the Edgewater community.
B-3
10/16/2
a. t~1J~!;!)~i/(~!/ r';~~to"!/ LLC
~ 2 .JUNGLE HUT ROAD PALM COAST, F"L 32137
DEVELOPMENT TEAM
DEVELOPER
EDGEW ATER HARBOR, LLC
Hawk McMillan, Managing Member
Daniel T. Michelbrink, Development Manager
2 Jungle Hut Road, Suite 2
Palm Coast, Florida 32137
(386) 446-6119
CIVIL ENGINEER
GIEROK ENGINEERING, INC.
Kathleen N. Gierok, P.E., President
1835 Edgewater Drive
Orlando, Florida 32804
(407) 244-8580
PROJECT ARCHITECT
D J DESIGN, INC.
Dana Smith, AlA, Principal
913 N. Nova Rd
Holly Hill Florida, 32117
(386) 255-6987
STRUCTURAL ENGINEER
McELROY ENGINEERING LLC
Craig McElroy, P.E., Principal
1835 Edgewater Drive
Orlando, Florida 32804
(407) 245-8775
ENVIRONMENTAL &
WETLANDS CONSULTANT
BIOLOGICAL CONSULTING
SERVICES, INC.
Joe Young
206 Rush Street,
New Smyrna Beach, Florida 32168
(386) 423-3402
ENVIRONMENTAL &
REAL ESTATE COUNSEL
SHUTTS & BOWEN LLP
Kenneth Wright
300 South Orange Avenue
Orlando, FL 32801
(407) 423-3200
MARINA CONSULANT
MARINA MANAGEMENT
SERVICES, INC.
Dennis P. Kissman. Principal
18001 S Federal Hwy.
Boca Raton, Florida 33432
(561) 338-5800
SURVEYOR
HONEYCUTT AND ASSOCIATES, INC.
D. Wayne Wright, PLS, Vice President
5195 S. Washington Ave.
Titusville, FL 32780
(321) 267-6233
B-4
10/16/2003
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SECTION C - FINANCIAL STATEMENT
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PALM COAST, F"L 32137
FINANCIAL STATEMENT
Edgewater Harbor, LLC (the 'Company") is syndicating equity facilities of approximately $5.0 million to
provide the necessary capital to develop the Project, including land acquisition. The equity participants
(the "Investors") will receive a preferred return on their invested capital. In addition, the Investors will
receive, on a pro-rata basis, a certain portion (to be determined) o(the profits generated from the Project,
upon the completion of the Project. The investors are not named in this response due to confidentiality
concerns. However more detailed financial information can be made available outside of this written
response.
The equity funds will be used to acquire a fee simple interest in the land for $3,055,000, plus expenses,
payable in cash at closing. In addition to the land acquisition, approximately $1.4 million of the equity
capital will be used to fund the pre-development activities, including marketing and pre-sales. The
remaining $500,000 will be reserved for working capital.
The Company has arranged financing for vertical construction, in the form of a construction loan. As
evidenced by the attached documents from Bank of America and Harbor Federal. The vertical construction
for Phase One is expected to take 12 months, commencing in October 2004. We have estimated the costs
of the construction for the residential portion of the site and have included a summary of these costs in the
Additional Information section of the proposal due to page restraints detailed in the RFP.
The permitting process and pre-sales are expected to take approximately 8 months. During such period,
the Company plans to implement a sales and marketing campaign to pre-sell all units in Phase One.
Subsequent documents depict our resources for financing. Further detail can be provided during a
more closed forum.
C-I
10/16/2003
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SECTION D - PERMITTING STATEMENT
2 ,/.1 1 _:/ /1 I /J
~ t/~tJ~~!)?./( .e/i/ rr~./(,A5-C/!/ LLC
U 2 .JUNGLE HUT ROAD PALM COAST, F"L 32137
PERMITTING STATEMENTS
In preparation for this submittal, the Edgewater Harbor Project Team investigated the permitting
required for the development of the property. What we learned is that permitting this site should
not be taken lightly, and the development concept needs to be considered carefully to ensure the
project can be implemented. Several development concepts have been proposed in the past for
this site with no tangible end product. Because of the potential difficulties with permitting this
site we will have on staff a designated Permitting Specialist with experience in V olusia County.
Additionally, to assist in our overall knowledge of the permitting issues our team includes the
services of counsel specializing in environmental law. It is our goal to complete all permitting for
this site as fairly and expeditiously as possible.
We have met with Florida Department of Environmental Protection (FDEP) regarding Marina
permitting and discussed impacts related to manatee permitting with Florida Fish and Wildlife
Conservation Commission (FFWCC). Weare familiar with the marina permitting process as our
Team members have previously been involved with similar ventures including a marina.
Based upon our investigation, we have developed what we believe to be the most viable and
permittable layout for this property, including a marina component in the development plan. We
are taking a flexible approach so that we may work with the permitting agencies and the City to
meet, to every extent possible, the needs of all parties involved. We abandoned any concept
utilizing a wet slip marina cut into the property, as our discussions with FDEP proved the layout
unfavorable to the Department based upon hydraulic recovery. We do, however, intend to include
a marina component in the development, utilizing dry stack boat storage and a minimal number of
wet slips primarily for boat staging. It can also serve as temporary boat parking for those cruising
the Lagoon who wish to visit Edgewater Harbor via vessel.
We understand that more than three slips require permitting through FDEP as a marina, based
upon our discussions with FDEP. Also, FFWCC may take a fairly strict approach to permitting in
this area due to high occurrence of manatees. In light of this, we still believe the marina
component of the development greatly enhances the overall concept, however minimizing this
component does not render the project unfeasible. With that understood, we would like to
emphasize that it is our intent to include a dry storage marina in this project. Based upon our
discussions with FFWCC staff and -'others who have permitted similar type proj ects along the
Atlantic Intracoastal Waterway, this site would typically house between 9 and 45 slips based upon
typical slip to shore ratios. Based upon DRI thresholds, we intend to keep the number of slips in
the initial layout to less than 150. If in the future there is a need for additional slips we will
determine the cost effectiveness of completing a DRI to allow for additional boat slips. We have
discussed with FFWCC and others the possibility of exchanging the shoreline equivalent of boat
slips for the non-residential shoreline of the City of Edgewater. This approach is possible and
D-1
10/16/2003
i /i 1 _
~ V~f1?/!/.I~V(V~
.Q. 2 .JUNGLE HUT ROAD
:];.. I /J
r0V!/~O;~ LLC
PALM COAST, FL 32137
would require City approval and assistance. By utilizing the increased linear footage of shoreline
the number of permittable slips could increase greatly. This would be implemented only if the
City agrees to the exchange.
We understand that no Manatee Protection Plan is currently in place for the City or the County,
which could impede the permitting of any marina component to the site development. However,
we have discussed with a neighboring city's staff, the possibility of the City implementing its own
Manatee Protection Plan, and this appears to be possible as it is being done by nearby
communities. The implementation of this plan would require the City's input and approval but
we would assist in any capacity necessary, including drafting a manatee plan, that would benefit
our overall plan for the site.
We intend to develop the property as a mixed use zoning designation. Based upon our intended
development and the land use of the surrounding properties (residential and industrial), we feel
that a mixed use designation both serves our needs and transitions well the two adjacent
properties. We understand the complexity of rezoning and amending the City's Comprehensive
Plan to allow for this change of land use/zoning and our Permit Coordinator has over 10 years of
experience with municipal planning. Other than the annexation, these planning responsibilities
will be completed by the Edgewater Harbor Staff.
Based upon our review we feel confident that our plan will be permittable through both FDEP and
FFWCC resulting from the development concept itself as well as our built in flexibility with the
marina component of the site. We understand that permitting negotiations are necessary to
develop the site as it is proposed, however as compared to other possible development concepts
which we investigated such as industrial or strictly commercial, we believe our proposed layout
will allow us the sufficient financial capability to complete the task, and the end product will
provide to the City the best use for this site.
D-2
10/16/2003
SECTION E - PUBLIC SERVICE
! /:I! '
V~-tj e,;!t9 ~Z;( f;:/~
2 .JUNGLE HUT ROAD
/) I I
ff~!/!/ 1/ ()/!/ LLC
PALM COAST, F"L 32137
PUBLIC SERVICE
The Edgewater Harbor Project Team plans to incorporate the City's needs and desires into its
development plans. It is our goal to develop a site that the citizens of Edgewater will welcome
and use. Consequently, we anticipate that the City will have input as to the design of the
development and will receive the benefit of providing its citizens with enjoyable facilities which
will promote the use of the commercial facilities and provide an income source for the City
through revenue and tax base.
There are several ways in which we would like the City to consider "alternative" planning of the
site. We have investigated the potential of allowing certain portions of the commercial and
recreational facilities to remain the property of the City. These facilities could be leased back to a
management corporation for operation and maintenance. We specifically are considering the dry
storage marina facility and the recreational pier area. Three tasks are accomplished by the City
retaining ownership of the portions of the site. 1.) Design and construction of the dry stack
marina facility and recreation area could gain assistance in funding for the design and
construction of the site through Florida Inland Navigation District (F.I.N.D.) and Joint Port
Authority (JP A) grant funding and parks and recreation grants for the pier area. 2.) The marina
and recreation area would be required to remain open to the public. 3.) The City could gain a
steady income source if it leased back the dry stack marina to the management company.
Edgewater Harbor LLC is willing to negotiate financial terms with the City, dependent upon the
successfulness of grant writing for this venture.
We have discussed this plan directly with David Roach of F.I.N.D. and he concurred that the
concept of leasing out the marine facility is favorable and encouraged in these developments,
since a city rarely has the staff resources to provide the management itself. We discussed the
scheduling of these grants and can work within the specified time frames required by the process.
Edgewater Harbor LLC will be responsible for the efforts required to obtain these grants and
would need only a minimum of assistance from the City.
Overall our facility has a commercial component that is dependent in part upon the patronage of
Edgewater citizens. With the recent and coming residential growth on the south side of
Edgewater, we believe a new vitality will exist that can help support our development concept.
We would like to see Edgewater Harbor become a place where Edgewater families choose to eat
dinner, fish off of the pier, and have an ice cream. Additionally, residents who do not have
Riverfront property could utilize Edgewater Harbor to put their boat in to fish for the day, shower
off, and grab a bite to eat and a drink. It would be a place to escape after a long day or week at
work to enjoy nature, fishing, and fun. Making Edgewater Harbor a place to congregate will
enliven the residential component of this site. We have included a pier and boardwalk for fishing
and enjoyment. All of this will be built within the structure of a relaxing natural environment.
Our public service is two-fold. We intend to provide additional facilities which can be utilized by
the community while providing an outside funding tax base for the City.
E-l
10/16/2003
1801 South Federal Hwy, Suite 200
Boca Raton, Florida 33432 USA
Telephone (561) 338-5800 Fax (561) 338-5280
E-mail dpkissman@marinamanaaement.com
Website www.marinamanagement.com
Management Services, Inc.
October 14, 2003
Mr. Danny Michelbrink
209 Downing Street
New Smyrna Beach, FI32168
Dear Danny:
I have reviewed your plan for your marina and residential development on the Indian
River. I am familiar with the site and visited it several years ago when another client
of ours was interested in developing a marina at that location. At that time I
recommended it as a good location for a marina particularly a dry stack operation. I
have not done any recent market research on that particular area but knowing
generally about the growth of boating in the area I am sure there is a greater demand
today than there was when I first looked at it and thought it to be a good location.
We would be very interested in partnering with you on this project to manage the
marina and related commercial property. We would also like to help you in the
design stages to assure a state of the art facility that will accommodate the boating
public for many years to come. Please include us as part of your team when
submitting your proposal.
Thank you for considering us and if you have any questions or need additional
information please call me.
Regards,
/:-Y 4:- · -
Dennis P. Kissman
President
SECTION F - ADDITIONAL INFORMATION
!A /:J 1/ j
V~{fJ ~!/1.) t/'Y( t:/l/
.. 2 ....UNGLE HUT ROAO
/:1 I /J
ff~!/?"b();'~ LLC
PAL.... COAST, F"L 32137
Mr. Hawk McMillan
Mr. Hawk McMillan has been working in the real estate, development and construction
industries for twenty-five years. He has been responsible for planning, arranging financing,
developing and sales of over forty (40) condominium projects or lot subdivisions in the State of
Florida. Mr. McMillan's experience in developing, financing, and construction of all types of
projects including resort condominiums, residential, and golf course construction allows him the
ability to provide the critical management techniques necessary to achieve the goals of any
project.
SPECIALIZING IN:
. Waterfront properties
. Golf Courses
EXPERIENCE:
· Over 22 years in the real estate business
. 20 years as a broker
· Former President of the Flagler County Board of Realtors
· Served on the Comprehensive and Use Planning Commission for Flagler County
· Former State Certified Contractor, built over 300 homes and 1100 multi-family
residential units
· Has developed over eleven subdivisions in North Florida all of which are on the ocean or
intracoastal waterway
EDUCATION:
· Magna Cum Laude graduate University of South Carolina
· University of Georgia
· University of Maryland
· BS in History (minor in business and English)
· Degree from Professional Golfer's Association of America in buying, building or selling
a golf course
HOBBIES:
· Tournament Golf
. Football
· Writing & literature
· Saltwater fly fishing
A~ /J t} 'r
. V ~ttl t/!I!J ~:;, ~v
2 .JUNGLE HUT ROAD
/1 I. !
ry~!/~ ~();(,; LLC
,
PALM COAST, F"L 32137
Daniel T. Michelbrink
Currently
Mr. Michelbrink is President of Construction Manaqement Group Located at 209 Downing Street New
Smyrna Beach FL 32168. Building on 20 years of project management and operations experience in the
General Construction, and Themed Entertainment Construction Industries. CMG provides construction
management and pre construction services including feasibility studies, variance review, expediting,
engineering, land use review, planning, permitting, and general contracting services, for owners and
developers.
Summary Of
Qualifications
· Strong background project management, planning and operations.
· Results oriented, proactive business and motivational team management skills.
· Decision Making, Crisis Management and Problem Solving.
· Estimating, Cost Control, Scheduling and Reporting.
. Contracts and Negotiations.
. Contract Close Out.
· Licensed General Contractor in the State of Florida.
Highlights of
Experience
Production Resource Group LLC / Entolo / Scenic Technologies Contracting LLC, Orlando Florida
Vice President - Operations 1999-2001
Director of Operations Special Projects Division
1997-1999
Directly Responsible for Business Development, Operations, Project Management and Sales of custom
themed construction, stages/sets scenery, and automated effects for both permanent and temporary
installations for theme parks, themed restaurants, retail environments, hotels, casinos and various other
themed and entertainment venues. Significantly improving the competitiveness and effectiveness of the
company in the Florida market place.
Instrumental part of the team that strategically planned and executed the company's expansion into the
themed attraction market place. Maintained schedules and budgets for major new attractions in Florida,
New York City, Las Vegas and Japan. Successfully developed and maintained relationships with clients
and sub-contractors to significantly increase new and repeat business.
Successfully coordinated estimating, engineering, project management, and field staff to encourage
team building, and ensure accuracy in forecasting project budgets and schedules for both conventional
and design build clients.
Universal City Development Partners Orlando FL
Universal Studios Florida Islands of Adventure Expansion
Theme Park Owners / Developers /Operators
Project Manager
1996-1997
Successfully coordinated and managed architects, consultants, estimators, schedulers, general
contractors and end users. Managed project programming, design and construction of the Universal
Islands of Adventure Theme Park support facilities. The project involved over 500,000 SF of general
office space, elegant executive offices and meeting areas, technical services support buildings, central
plant expansions, new kitchens and food service expansions, architectural landscaping, and operational
show facilities.
Page 1
~ClI:::".iioiooit
A /J t} 'r
1/ ~t!Je-w ~i/l Vv
2 .JUNGLE HUT ROAD .
Computer &
Software
Skills
Education &
Training
~I 1. j)
IV~?/!/g,();!/ LLC
.
PALM COAST, F"L 32137
Daniel T. Michelbrink
Led the team responsible for establishing budgets, forecasting trends, developing RFP's, reviewing
proposals, selection of consultants and contractors including contract negotiation, and dispute resolution.
Acted as a liaison between the end users / operators, and the facility construction team.
Developing relationships of trust and understanding wi~h all members of the team that promoted the
overall success of the project.
Turner Construction Company, Cleveland OH, Orlando Fla. & Miami Fla.
1978-1996
General Contractors / Construction Managers / Design Builders
Operations Manager Special Projects Division
Project Manager
General Superintendent
Area Superintendent
Project Engineer
Assistant Superintendent
Responsibilities over 11 years included various levels of project management including estimating,
engineering, on site project supervision, scheduling, cost control, contract negotiations and client relation
on projects ranging from $1 million to $50 million.
Worked closely with local and state building authorities to ensure compliance with all applicable
local building codes. Successfully coordinated architects, engineers and sub contractors in an effort to
continually maintain schedule and budget.
Managed the operations of the Special Projects Division. Fully responsible for staffing, planning and
budgeting multiple projects in the $1 million to $10 million range. Staff included four project coordinators,
six project managers and up to eight project superintendents.
Significant Projects include:
Terminator II 3D The Experience, Universal Studios Florida $50 million.
Ocean House and Ocean 72 luxury condominiums, Radner Development, Hutchinson Island Florida.
$20 million.
Department Of Management Services The State of Florida $6 million.
Arvida Corporate Offices, Boca Raton FI. $5 million.
The Glades Road Office Building, Boca Raton Florida $30 million.
Radison Hotel Boca Raton FI. $18 million.
Fish Memorial Hospital expansion and renovation New Smyrna Beach FI. $14 million.
Experienced with, Microsoft Word, Excel, and Projects.
Hiram College, Hiram Ohio - BA Business and Economics 1981
John Marshal Law School, Cleveland Ohio
Page 2
~ Gierok
Engineering, Inc.
Civil Design and Construction Services
KATHLEEN N. GIEROK, P.E.
Principal/Project Manager
Ms. Gierok serves as President and Principal Project Manager of Gierok Engineering, Inc. She is a
registered Professional Engineer with a background in civil and environmental engineering planning,
permitting, design and construction engineering/administration. Her background includes planning,
design, and construction of pipeline facilities (water, sewer/ forcemain, reclaimed water), utility
coordination, siteworklearthwork facilities, pump station facilities, water and wastewater treatment
facilities, community-wide utility (water, sewer, reclaimed water drainage, and roadway) master planning,
computer modeling, feasibility reports, regulatory permitting, detailed engineering reports and bond issues.
She is experienced in design and construction of civil and environmental facilities including contract
document development, review and construction administration.
ENGINEERING EXPERIENCE
Present
Gierok Engineering, Inc. - Orlando, Florida
Principal/Project Manager
1993 - 2001
Professional Engineering Consultants, Inc. (PEC) - Orlando, Florida
Project Manager/Senior Engineer - Environmental Department
1993
Law Engineering Tampa, Florida
Engineer - Environmental Department
EDUCATION
The University of Florida
Bachelor of Science in Environmental Engineering, 1993
REGISTRATION
Professional Engineer, Florida, 1999
P.E. Registration No. 54020
AFFILIATIONS
American Society of Civil Engineers
Page 1
Kathleen N. Gierok, P.E.
PrinCipal/Project Manager
PROJECT EXPERIENCE
CITY OF EDGEWATER:
o (2003-2004) Project Manager for Pullman Road Design and Construction Administration and Inspection Services.
Engineering Fees: $60,000
o (2001-2004) Project Manager for the development (roadway, utility and containment pond) of the ParkTowne Industrial
Center (and F.I.N.D V-26) including design, bidding, construction and inspection services. Engineering Fees: $370,000
o (2001) Project Manager for the City's Wastewater Operating Permit Renewal 2001 project. Project includes updated
Capacity Analysis Report, Operation and Maintenance Performance Report, Reuse Master Plan, Effluent Analysis Report
and completion of Florida Department of Environmental Protection Forms 1 and 2A.
o (2001-2004) ContiI:'ling Engineering for the City of Edgewater.
o (2003) Project Manager of Engineering Services for the sale of the F.I.N.I?:V-26 Containment Site including required
boUndary surveys of the site. '. -
ORANGE COUNTY:
o Project Manager for the Construction Administration and Inspection of four (4) sanitary sewer lift stations.
CITYOFOCOEE:
o (1997-2000) Program Manager, coordinator and client contact for the continuing assistance with the development and
expansion of the City's water, wastewater, and reclaimed water programs. In total, $15 million of improvements were
identified for utilities and roadway with a bond issue of $1 0 million obtained for the completion of currently needed
projects
o (2000) Project Manager for the design and construction of Maguire Road Utility Improvements - Segments 1 and 2.
Engineering Fees: $100,000
o (1998) Project Manager for Contract #600, S.R. 429, 16-inch Water Main.
o (2000) Project Manager for the design Ocoee/Winter Garden Reclaimed Water Interconnection Pipeline. Engineering
Fees: $50,000
o (2001) Project Manager for the City's Wastewater Operating Permit Renewal project.
o (1997 & 2000) Project Manager for a Reuse Feasibility Study and updated to a Regional Reuse Master Plan. Engineering
Fees: $105,000
o (1997) Project Engineer for the construction administration and inspection of Remington Oaks Subdivision.
o (1997) Project Engineer for the design of Effluent Ponds Band C. Engineering Fees: $30,000
o (1995-1996) Project Engineer for the design and construction of Potable Water Wells and Consumptive Use Permitting.
o (1996) Project Engineer for the design of the South 4.0 MGD Water Treatment Plant (WTP) Improvements.
CITY OF DELRAY BEACH:
o (2000)Engineer of Record for NW 18th Avenue/ Marty Fladell Drive Roadway Reconstruction and Utility Improvements..
Engineering Fees: $50,000
o (2000) Project Manager for the Capital Improvement Plan for Roadway and Utility Planning. Engineering Fees: $60,000
o (2000) Project Manager for the Delray Beach Reclaimed Water Plan.
SEMINOLE COUNTY:
o (2001)Project Manager for the utility coordination and assisted with the public information program for S.R. 434
Access Management project.
o (1998) Project Manager for the construction engineering of the NW ARWWTF Effluent Disposal Ponds and
Reclaimed Water Pump Station. Engineering Fees: $65,000
o (1997) Project Engineer for the design of an Artificial Wetlands for the Northwest Area Regional Wastewater Treatment
Facility (NW ARWWTF). Engineering Fees: $100,000
o (1997) Project Engineer for the design and construction assistance of the Fire Station #34 Potable Water Pump Station.
o (1999) Project Manager for the development of the County's Safety Management Plan for the operation of 12 chlorination
systems. Engineering Fees: $40,000
o (1997-2001) Program Manager for client development for continued service.
CITY OF TITUSVILLE:
o (1993-1995) Project Engineer and field inspector for the design and construction of the 300-acre Artificial Wetland
for the Blue Heron 4.0 MGD Water Reclamation Facility (WRF).
o (1993-1995) Project Engineer for wastewater treatment system improvements - Blue Heron WRF, Osprey Ridge WRF,
and South WWTF. Total project construction cost equaling $14 million.
CONTINUING EDUCA TION COURSES
o Site Development Permitting in Central Florida (April 2002) Professional Engineering Laws and Rules (March 2002)
o Advanced Stormwater System Design (November 2001) Stormwater Design & Permitting (September 2001)
o Advanced Integrated Wastewater Pond Systems and Constructed Wetlands (October 1997)
~
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Page 2
Edgewater Harbor Budget With Precon 10.9.03
Comments:
Construction Management Group
10/16/2003
Prepared By:
Construction Management Group LLC
Print Date 1 TimE 10/16/2003
09:18 AM
Project Name: Edgewater Harbor
Bid 1 Budget Date: TBD
Location:
Edgewater, Florida
Architect: TBD
Type of Work: Condominium Resort, Resturant and Marina
Div. Description Sect. Cost $/SF % Labor Material Sub. Total
01a Preconstruction 168,928 0.21 0 157,904 0 0 157,904
01 General Conditions 4,307,181 5.32 6 4,026,090 0 0 4,026,090
02 Sitework 4,606,206 5.69 6 0 3,600 4,302,000 4,305,600
03 Concrete 15,145,406 18.70 20 0 14,157,000 0 14,157,000
04 Masonry 4,749,990 5.86 6 0 40,000 4,400,000 4,440,000
05 Metals 1,331,923 1.64 2 1,215,000 30,000 0 1,245,000
06 Carpentry 2,729,639 3.37 4 2,389,500 162,000 0 2,551,500
07 Thermal & Moisture 3,4 76,907 4.29 5 3,240,000 0 10,000 3,250,000
08 Doors & Windows . 8,152,009 10.06 11 3,735,000 3,885,000 0 7,620,000
09 Finishes .::-- 7,417,686 9.16 10 6,933,600 0 0 6,933,600
10 Specialties 472,431 0.58 1 351,600 90,000 0 441,600
11 Equipment 1,658,217 2.05 2 0 1,550,000 0 1,550,000
12 Furnishings 424,611 0.52 1 0 396,900 0 396,900
13 Special Construction 1,048,421 1.29 1 0 480,000 500,000 980,000
14 Conveying Systems 2,086,144 2.58 3 0 1,950,000 0 1,950,000
15 Mechanical 8,551,907 10.56 11 0 0 7,993,800 7,993,800
16 Electrical 6,498,178 8.02 9 0 0 6,074,100 6,074,100
17 Other/ContinQency 2,184,774 2.70 3 0 0 2,042,193 2,042,193
Sub Total 22,048,694 22,744,500 25,322,093 70,115,287
Permit
Insurance
Builders Risk
Warranty
Fee
0.50%
0.90%
0.00%
L.S.
5.50%
350,576
634,193
o
o
3,910,503
Sub Total
$75,010,559
Bond
Subcontractor Bonds
Impact Fees
Adjustments
0.00%
o
o
o
o
Total Saleable S.F.
Cost! SF
CosU Unit
810,000
92.61
125,018
Total
$75,010,559
.;1':) /J' ~ )
1/ ~l~1 ~!;V 9V( ~V
:./' 4,64
.~
2 ..JUNGLE HUT ROAD
/) } /J
../Yb!/v~()/V . LLC
PALM COAST, FL 32 1 37
~
11 Gierok
Engineering, Inc.
Civil Design and Construction Services
1835 Edgewater Drive Orlando, Florida 32804
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913 North Nova Road Holly Hill FL 32177
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PAGE 01/02
EnGEWATER HARBOR, LLC
FAX
To; Julie Christine From: Oanl., T. Mich.,brink
Company: City of edgeMder . Pages: .2 including cover
. ~
Fax: 386-424-2408 Date: 10/30/03
Phone: Re: Fiscal Profonna
cc:
Please find attached our estimated fiscal profunna for Ed2ewaw- HarbQr as requested.
201>> Downing Street
New Smyrna Beach, FL 32168
p 386: 409.3300
F 386: 408-3304'
.U'L~/LUU~ U(.~O
.:lOO-44 (-4.1..:ltl
PAGE 02/02
Edgewater Harbor
Edgewater H.rbor, LLC
Estimated Fiscal Proforma
30..()ct-G3
Impact Fees
Parks and Rae.
Water
Sewer
Police
Fire
Residential Commercial Total
$193,050
$540,000
$774,900
$51,716
$67,430
$1,627,096
$0 .'$193,050
$4,000 $544,000
$6,333 $781,233
$37,663 $89,379
$27,384 $94,814
$75,381 $1,702,476
Total
Ad Valorem
$1,013,310
$27,800 $1,041,110
ASSUmptions:
540 total residential unlts@ $300,OOO/unlt
Fifty percent of each 2 bdr and 3 bdr
One..half residential pnmary residence
Commercial prop. +{-10 aores, +{- 40 fbd.
Residential COndominiums E Single Family
Attached or Multifamily where category
not assigned.
City of Edgewater
- Request for Proposal #03-0GS-O 1
PURCHASE/SALE AND DEVELOPMENT OF
60 ACRE WATERFRONT PROPER1Y
Artist Conception Only
Submitted By:
SEAEDGE PARTNERS, LLC
P. O. BOX 691
EDGEWATER, FLORIDA 32132
(386) 427-3363
THE CLUB AT MARINA COVE
Table of Contents
SECTION 1. TRANSMIITAL LETTER Pages 1-2
SECTION 2. DEVELOPMENT CONCEPT Pages 3-10
SECTION 3. FINANCIAL STATEMENTS Pages 11-13
SECTION 4. PERMITS/DEVELOPMENT APPROVALS Pages 14-15
SECTION 5. PUBLIC SERVICE Pages 16-17
EXHIBITS
I. PARKER ASSOCIATES MARKET EVALUATION
II. FISHKIND & ASSOCIATES ECONOMIC IMPACT ANALYSIS
III. FISHKIND & ASSOCIATES FISCAL IMPACT ANALYSIS
SeaEdge Partners, LLC
P.O. Box 691
Edgewater, FL 32132
(386) 427-3363
BY HAND
October 15, 2003
City of Edgewater
Purchasing Agent Attention: Julie Christine
104 N. Riverside Drive
Edgewater, Florida 32132
Re: Request for Proposal - #03-0GS-01
Gentlemen:
Sea Edge Partners, LLC is pleased to submit the following proposal for the
purchase and development of the sixty (60) acre waterfront tract previously
referred to as the "Consolidated Pre-stressed Concrete site" and more
particularly described in attached Exhibit "A" - Legal Description.
Sea Edge Partners, LLC is a Florida Limited Liability corporation was formed
in July, 2002 for the purposes of acquiring and developing a 487 acre tract into a
project named Edgewater Lakes situated at the southern edge of the Edgewater
City limits. The corporation's principals are SeaGate Investments, Inc.
represented by John R. Gazzoli and Edgewater Riverfront, Inc, represented by
Thomas E. Howard.
Sea Edge Partners, LLC is also the contract purchaser for a 44 acre tract
adjacent to Terra Mar Village in Edgewater which is being planned for a 261 unit
gated residential waterfront community. Applications for annexation and
rezoning were submitted to the City of Edgewater in May, 2003.
In addition to the aforementioned principals, the proposed development team
will consist of the resources of SeaGate Homes including the marketing and .
sales personnel, the largest home builder in Flagler County, Breedlove, Dennis
and Associates, environmental consultants; Robert Londeree, Land Planner;
Resumes on all primary members of the development team are attached.
City of Edgewater 10/15/03
Page Two
SeaEdge Partners intends to acquire the property to develop it into a mixed
use project consisting of a gated 350 unit residential community and various
public facilities consistent with the overall development concept. Sea Edge
- intends to enter into direct negotiations with the City of Edgewater to secure a
contract to purchase the property for Three Million Fifty Thousand Dollars
($3,050,000.00), together with mutually agreed reimbursable direct costs, based
on an all cash transaction with no real estate commissions to be paid. Based on
the conceptual development plan Sea Edge would propose a nine (9) month
inspection and due diligence period during which it would seek the City's
assistance and cooperation in securing the required permitting and approvals
from the requisite pgenciesl governmental authorities. The Purchase Contract
would contain a reasonable extension provision to enable the Developer to
secure the appropriate permits and approvals to develop the site in accordance
with the master site plan. Immediately upon securing the necessary permits and
approvals, site development and marketing would commence upon closing the
purchase of the property with financing provided by one of the several sources
noted in the Financial Statements section of this Proposal.
Our previous extensive involvement with this property in 2000, together with
the further market, economic and fiscal information we have subsequently
gathered as part of this proposal, has reinforced our opinion that a development
of the nature we've conceived will be well received in the marketplace and
represent a tremendous impact on the area, particularly as it benefits the City
with respect to the residual benefits of substantial additions to the real estate tax
base, economic benefits derived from new resident spending and the creation of
new, higher paying jobs in the immediate area generated by the development.
We look forward to the opportunity to make a more in depth presentation to
either the Selection Committee or City Council as you deem appropriate.
Very truly yours,
SeaEdge Partners, LLC
j~ Z, J~
Thomas E. Howard
SUMMARY OF QUALIFICATIONS
FOR SEA EDGE PARTNERS, LLC
BACKGROUND
SeaEdge Partners, LLC is the land acquisition and development company responsible for the development
of several communities located inEdgewater, Florida. This par1nership is comprised of the principals of
SeaGale Investment, Inc and Edgewater Riverfront, Inc., two Florida based corporations with headquar1ers
in V olusia and Flagler Counties. SeaGate Investment, Inc. is a managing partner with a 51 % interest in
SeaEdge Partners, LLC
SeaGate Investment, Inc. is a real estate investment company and an affiliate of the SeaGate family of
companies, which includes SeaGate Homes, Inc. and SeaGate Communities, Inc. SeaGate Investment, Inc.
was formed to assist SeaGate Homes, Inc and SeaGate Communities, Inc. inland acquisition and
development of residential and commercial real estate conununities throughout Central and Northeast
Florida.
THE SEAGATE STORY
SeaGate Homes, Inc. was founded in Palm Coast, FL in 1994 by John R. Gazzoli, a fonner lIT executive.
The company is owned by the Gazzoli family and is privately held by Jolm, Robert, Brian and Laura
Gazzoli. The company was started with three full-time employees and construction of one home per
month. It has grown to over 50 full-time employees and 20 sales associates constructing over forty homes
per month. SeaGate Homes, Inc. was ranked 53rd in Builder Magazine's 100 Fastest Growing Builders in
the U.S. in 2002. Recently, the company was ranked 26th in Builder Magazine's Fast Track 300 for 2002.
The company has won numerous awards in the Flagler County HBA's Parade of Homes, as well as "Best
of Show" for the Flagler HBA's Showcase Home in 2001 & 2002. In addition, SeaGate is the first
homebuilder in Florida to offer either a 20-year or a 30-year Bonded Builders Warranty on every home it
builds.
SeaGate has earned a solid reputation for unsurpassed quality, value and customer service. They use
locally based subcontractors and qualified craftsmen to build over 400 homes per year. Their customers
enjoy one-on-one relationships with their personal builder representative. SeaGate Homes has been a
market leader in Flagler County for nearly ten years and is rapidly expanding into St. Johns and Volusia
counties. The SeaGate Real Estate Center, located in Palm Coast, represents one-stop shop for all its
customer's needs. Future real estate centers are being planned for Volusia and Duval counties.
The Sea Gate Homes corporate mission is to build and sell high quality homes meeting customer
expectations at affordable prices in Northeast and Central Florida.
The SeaGate Communities corporate mission is to identify and, if necessary, develop residential properties
in high growth areas for use by SeaGate Homes, Inc.
YOUR NEW HOME YOUR WAY
SeaGate offers a large variety of floorplans to choose from - priced from the $80s to over $400,000.
SeaGate prides itself on being able to offer many different options and its ability to customize homes.to fit
its customers' unique lifestyle and personality. SeaGate's Design Consultants assist customers in making
their "dream home" come true. A SeaGate home provides carefree living and the longest warranties,
backed by independent insurance companies, in the country.
- 1 -
MANAGED BY EXPERIENCE
Each member of the SeaGate senior executive team has over ten years experience in real estate,
construction and development. They have proven success in residential land development & engineering,
housing construction, real estate sales and marketing. The company is committed to the local communities
in \",hich it builds and prides itself on its reputation for integrity in all business relationships. SeaGate
Homes, Inc. also enjoys a history of strong banking and fmancial community relationships.
JOHN R. GAZZOLI
Principal and Chairman of SeaGate Homes, Inc.
John has been a resident ofFlagler/Palm Coast since 1977. He has extensive real estate industry expertise
with over 40 years in senior level management positions (comptroller, treasurer, executive vice president-
business development and president) with a national developer. His expertise includes development of
oceanfront, Intracoastal and marshfront properties (HanUllock Dunes, (a 1.5 mile oceanfront property),
including sale of bonds for and construction of the Hammock Dunes Intracoastal bridge, Sea Colony,
Matanzas Shores, Grand Haven (a 1,500 unit Intracoastal community), SeaGate and SeaGate North), active
adult communities, recreational facilities (five golf courses in Palm Coast and world-class tennis center)
and equity clubs. He also headed lIT's CDC's industrial and commercial development, cable company
and sale of excess land assets.
.. In particular he has a strong background in initiating, planning and managing start-up businesses.
His successful initiation an development of a general real estate company, home building
company, mortgage and title companies and development company have all been accomplished
since his early retirement from ITT in 1990.
.
· Jolm has served as a board'member of Barnett Bank (Volusia/Flagler counties) for ten years and
was a founding director of the Flagler County Conmlittee of 100 and the Flagler County Education
Foundation.
THOMAS E. HOWARD ("Tim")
Partner - SeaEdge Partners, LLC
Tim has been a Volusia County resident for several years. He has extensive real estate finance and lending
expertise with over 40 years in senior level management positions or as a consultant with banks, S&l's,
REIT's and private capital sources, syndications and development. His specific expertise is in large mixed-
use single family residential, resort/second home POO's with extensive amenities and income-producing
properties. .
· Member-of the United States Arn1y - Panama Canal Zone & United States Air Force Reserve
ROBERT GAZZOLI
Principal & President of SeaGate Homes, Inc.
Robert has been a resident of Flagler County resident since 1977. He has extensive real estate industry
experience with over 12 years in senior level management positions. His specific expertise is in land
development, housing construction and general real estate.
· Graduated with degrees in Real Estate Finance from Florida State University
· licensed Real Estate Broker - State of Fl
· Member of Board of Directors, Colonial Bank - Flagler CountY
- 2 -
BRIAN GAZZOLI
Principal & Vice President Construction SeaGate Homes, Inc.
Brian has been a resident of Flagler County resident since 1977. He has extensive residential home
building industry experience with over 10 years in construction management positions.
· Graduated with B.S. in Real Estate from Florida State University
· State Certified General Contractors License- State of Florida
· Built Flagler HBA's "Best of Show" Showcase Home in 2001 & 2002
· Member of Flagler Home Builder's Association
· Board of Directors for FPCHBA
· State Director for FHBA
MA.URICE E. BERRY, III
Director of Development Services, SeaGate Homes, Inc.
Maurice has extensive residential and commercial development experience with over 25 years in senior
level engineering positions. He has specific expertise in land engineering, design & planning, permitting
and development of residential & commercial properties throughout the state of Florida
· Graduated with B.S. Civil Engineering from University of Florida
· Licensed as a Professional Engineer and Professional Surveyor by the State of Florida
REGINA L. l\1.~STON
Director of Marketing
Regina has extensive experience in marketing both residential real estate development and home building
companies with over 20 years experience in senior level management positions. She has specific expertise
in managing the development and implementation of multi-million dollar marketing budgets for large-scale
master-planned residential communities throughout Florida. Regina has owned and operated a successful
advertising and marketing business specializing in the real estate development and home building
industries. She previously directed the marketing efforts for Grand Haven and Ocean HanU11ock" two of
Flagler Counties largest, award-winning master-planned conU11Unities.
· Graduated with a B.S. Communications from University of Florida
· Licensed Real Estate Salesman - State of Florida
· Active in Sales & Marketing Council activities for both the Mid-Florida HBA & the FHBA
...
- ,) -
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d."" > B'~siness nanie;1 .. ;,' Active ComrTlUnities. ! Top iocalexecutive'-:
, : address " ", '" ",,' . . ~:' '" . ': ,(Homes Sold) ,
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. InterVestCbhstruclioh.lnc,:, . Ormol)d Beach, palm '. JvloriHoss~hli
2~5.?,~eville' ~~a.d" Daytona Beach Co~~~~' ~ort Orange ' ; :".; ". (51p) .
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'Or'mond'Beach,' Palm'
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1450 N>U~S;.1;'OhTiond Beac~: '.Palm Coast",
.. ' " Port 9r:ang~':':::' .
Paytas Homes Inc;;,,"> .,.'.,' Palm Coast. .... ,>,
'm , ,P,~:.Box 29q~~.~::,p.(jrt Orarig~' .'. . Port Orange,Spruce;".
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m1307E; t';lorrT1~nc:lYlBlvd.;pel~ona , .' !:', .... :' , I' ,(96) ,
. '., Viscomi & AssoCiates, . Ormond Beach; Palm', . Vince Viscomi"
".','27.S;,Orchard St:, SuiteS,,' Coast; P.drt Orarige, " '.. i ~9d) .'
il.,' Sprl;lc~ C:feE:!k,Fly~ln. . " . . '"'9.rrTlond.S~ach "
, 1'. . S';:_DOR. Hort,onHQmes,. ." '., ''':. Ormona Beach,. . ',' Donald J. Torilnitz"
" . md;,~~59 P~i1.'ips I::lig~,way, Suite 1; '. Port Or~mge :>;', ' ,.(8~)
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\
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.,"~D.S~War~Homes.. ;i:.. .' " Palm Coast D6naldS.Ware '.- i
2931'PIljmmerCove Road,' .' . . . (50). I
JacksonVille."/-:, " . , '. .. J
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ZJ )30 Spring Vista Drive: DeBary , " (4.8) i
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Not :all. builders c;hose to pa'rtidpate. NeXt week:: RetirerriEmt com'munities.Ariy company that would. . "
'. like to be listed should call ,Vanessa Larig:'at(38El) 252-15U;' ext.2;i60. . , , :. '1
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SEAEDGE PARTNERS, LLC "DEVELOPMENT GROUP"
DEVELOPMENT PROPOSAL 60 ACRE EDGEWATER SITE
1. Proposed Development Concept
The SeaEdge Partners Development Group's concept for developing the
60 acre former marine commerce site in Edgewater contemplates a mixed
use development plan comprised of two separate elements:
· an upscale 282 unit private gated water oriented residential
community
. a public component providing both facilities oriented
towards boating interests thereby affording the public
access to the amenities of the Indian River and a
restaurant geared towards servicing the interests of area
residents.
As a design criteria for Marina Cove Sea Edge Partners will attempt to
establish a timeless, yet modern architectural style consistent with water
orientation of the project tentatively named Marina Cove at Edgewater.
B. Public Development Concept
Approximately 8 acres (14% - exclusive of roads and retention
areas) of the site will take advantage of its unique location and
accessibility to the Indian River and be devoted to development of
facilities available to the public at large. This will be comprised of
a 1 }'2 +/-acre site situated directly on US #1 south of the main
entrance to Marina Cove - the southwest corner of the tract - to be
designated "Commercial" with the projected retail commercial use.
The remaining 7 +/- net usable acres is situated along the southern
boundary of the 13 acre central marina basin, as shown on the
conceptual site plan, will be developed into an area with a pubic
marina facility with a connecting water body providing direct access
to the Indian River. The public facilities are proposed to include
some docks, boat ramp and approximately 200 enclosed dry stack
boat storage racks, a ship's store and a 125 seat restaurant and
bar. To facilitate these uses a large public parking area consisting
of up to 150 spaces is contemplated. In total approximately 15,000
1
square feet of retail space is contemplated under the Development
Plan generating nearly $5 million in annual retail sales and
providing the potential for over 50 new jobs to the area.
B. Residential Development Concept
Approximately 26 +/- acres, encompassing the majority of the site to
the east, north and west side of the site, .will be developed into a
private residential gated community with 2 types of residential
product - single family lots, half of which will have frontage on the
central marina basin and over 200 condominium units strategically
sited along the Intercoastal Waterway and the central marina
basin. The residential amenity package includes a planned
resident's pool and cabana. Several pools will be strategically
placed to serve multiple condominiums buildings.
Single Familv Lots - The Villas at Marina Cove
Many of the single family lots will have direct access to the
Central marina basin and be priced in the low $200,000's. It is
contemplated property owner's would install their own boat docks.
Homes are projected to contain up to 3,500 square feet with price
ranges of up to $600,000.
The balance of the interior (non-waterfront) single family lots are
projected to sell in the $150,000's with the residences containing
over 2,200 square feet of living space and selling in the mid
$300,000's.
Condominiums
The Moorings at Marina Cove is a planned 150 unit waterfront
condominium complex situated on the Intercoastal Waterway and
the east portion of the central marina basin. The buildings would
have dual elevators and consist of four residential floors over ground
level parking sited at angles to the water to give the advantage
of spectacular water views to a majority of the units. Dwelling units
ranging in size from 1,400 to 2,100 square feet will be contained in
buildings with a maximum height of 60' ( 5 stories in height with one
level of under building parking). See attached conceptual rendering.
Unit sizes will range from 2/2 interior locations containing 1,300
square feet to top floor penthouse units with over 2,500 square feet
and prices from $250,000 up to $400,000. Market evaluation
projections show an average price per dwelling unit of over
~
$300,000 plus premiums associated with building location and floor
level of the unit.
C. Summary
The projected gross sellout of the residential components of Marina
Cove is in excess of Fifty Million - a substantial addition to the tax
rolls of the City of Edgewater.
As represented in the attached Economic Impact Analysis and
Fiscal Impacts prepared by Fishkind & Associates, Inc. the initial
economic impacts of construction of the SeaEdge Group's
Development Plan will provide on a net present value basis over
$80 million to the local economy during the buildout period.
After the buildout period, the following annual impacts are projected:
. $45 million economic impact
. 481 new employees (1.4 jobs per new household)
. $9 million in annual wages
In addition a substantial number of purchasers are projected to be
retirees and/or persons seeking to purchase a second home. In
evaluating the impact that these additional residents will have on the
City of Edgewater it is apparent that the'se purchasers will have
lower demands for City services and the fact that Marina Cove will
have private roads, its own amenity/recreational package to reduce
usage of City recreational facilities and a HOA to maintain the gated
community's common areas further reduces the need for City
services. There is also a negligible effect on local schools
since many of the property owners are classified as retirees, "empty
nesters" or second home buyers.
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Sea Edge Partners, LLC, a Florida limited liability corporation, is joint venture
formed for the development of the Edgewater Lakes Subdivision and comprised
of two entities - SeaGate Investments, Inc. (John Gazzoli) and Edgewater
Riverfront, Inc. (Thomas "Tim" Howard). Both principals have extensive
experience in the real estate field including construction and financing.
SeaGate Homes, Inc. was formed in 1995 and the parent and affiliated
subsidiaries have built and sold in excess of 1500 residential homes over the
eight year period. Currently SeaGate is active in several subdivisions in St.
John's, Flagler and Volusia Counties and ranks first as the major builder in Palm
Coast market with a preferred builder designation in Grand Haven. SeaGate first
entered the Edgewater market in 1999 and has built more than 100 homes
during the period.
SeaGate Homes and it's affiliate subsidiaries have extensive major banking
relationships with SouthTrust Bank, Colonial Bank, Washington Mutual FSB,
Prosperity Bank and Regions Bank. Over Thirty Million in credit facilities are
available to SeaGate under these relationships.
Sea Edge Partners, LLC has a major relationship with Colonial Bank which
funded a high seven figure loan in March, 2003 for the acquisition and
development loan for Phase I of Edgewater Lakes. SeaEdge Partners is seeking
additional property in the Edgewater market for development with another
sizeable tract presently under contract as further evidence of its commitment to
the Edgewater market. As a result of its expanding local presence we have
contacted additional sources of equity/financing to support additional
acquisitions. As evidenced by the attached letter from Tremont Realty Capital
negotiations are proceeding to place a $20 million credit facility available for
additional projects in Edgewater. Funding from Tremont will be supplemented
with appropriate development and construction loans from the aforementioned
lenders based on existing relationships and it is not contemplated that additional
sources would be required for SeaEdge Partners to implement the proposed
development concept for the 60 acre site.
UCt-UI-U3 U3:UJpm rIUIII-DI\"~MIf1V~Il:I~l:",~~1 ..."~n""'"
BAKER
&
HOSTETLER LLP
COUNSELLORS AT LAw
200 SoutH OIWJCE ^~ . SUNTRUST CEtm:R. StJm 2JUU · PO. Bo), 112 · OJll.Moo. FLO/l1Do\ 321l0Z-U\ 12 · ['107) 619......000
FAX (407) 841-0158
fllAN'- M MOC..
WRlTEIl'S DIRECT DI~ ~\JMII~R l107) 619-l05&
E-MAIL fkOCi:@lIo\UlU.AlN CO"!
October 1, 2003
City of Edgewater
104 N. Riverside Drive
Edgewater, FL 32132
Re: Request for Proposal for 60 Acre Waterfron1 SileJseaEdge Partners LLC
Dear L.adies and Gentlemen:
We have been requested by Tim Howatd on b~half of SeaEdge Partners LLC to assist
SeaEdge in connection with the foregoing maner.
I have p~rsonany known Mr. Howard since his days with Palm Beach National
Corporation in the banking arena. I have represented Tim and Se'c1Edg~ in connection with the
acquisition, financing and development of a 487 acre PUD project known as Edgewater Lakes.
I have also assisted Tim in his activities as consultant for various real estate and financial
advisor)' services prior to his formation of SeaEdge Partners and development of Edgewat~r
Lakes. Although not personally familiar with Tim during his tenure at Continental Advisors. I
am very familiar with and W8,S directly involved in the REIT industry in the late 60s and early
70s and was familiar with Continental Mongagc Advisors which I believe was the largest
publicly held REIT at that time. Tim's experience throughout his career has touched on almost
every facet ofreal estate development and real estate financing.
If you have any questions or wish to discuss SeaEdge Partners or Mr. Howard in funher
detail. please do not hesitate to call me.
Very trUly yours,
~~Wl~--'
Frank M. Mock Lf
G. IORd.le I \fmm306J\S~.cdG~\ W.lbcblllC~~r.cilY of E&!Ilc:""~Ic:r(LIf) dot
Q~T1 . CU:v"'-""P . COLUMlIUS . COSTA M~^ . DilHWkA& . HOuS'rON . La, ^NlZ.l6 · Nl.. y...... · OkL.N<OO . W^SnlNG1ClN
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~ Tremont
~ Realty Capital
The Prudential Tower
800 Boylston Street 4th Floor
Boston, MA 02199
Phone: 617-867-0700
Fax: 617-867-0077
www.tremontcapital.com
Odober 6, 2003
Mr. Tim Howard
SeaEdge P~rtners, LLC
P.O. Box Ci91
Edgewater, FL 32132
Dear Tim:
Pursuant to you visit to Boston on September nQd 'We are proceeding with our evaluation of your request for
debt/equity funding in SeaEdge Partners three projects in Edgewatel"- Edgewater Lakes; Phase n, the 44 acre
River Club aDd the proposed CiO acre Marina Cove.
Tbe analysis to date indicates a level of debt/equity in the $15-20 million range based upon the infonD'stIDn you
have provided us. We are continuing our BDalysis to determine the appropriate structure for the vennU-e.
Given the commencement of de\'elopment work on Edewater Lakes Phase I and the projected dosing on the
River Club in December, based upon your forecasts we would be looking for the proposed Marina Cove
project to come 00 lioe sometime in the seeond quarter of 2004.
The prospect of two upscale residential waterfront properties in the Central Florida market is a compeUing
factor in our analysis based on our experience and involvement with other projects in Florida.
As soon as you furnish the final projections, we will complete our analysis and be prepared to set forth the
detaUs of the funding facility structure we discussed during your recent trip to Boston. We may need to take
into consideration the fact that you may not bow the results of yo or proposal to the City on the Marina Cove
project for some period of time.
If you have any additional qoestions please do not hesitate to ~all me. I look forward to working with yoo on
these projects. .
7d-r~
'Stephen T. Henderson
Senior Director
~ Tremont
~ Realty Capital
Boston
N~W York
'. .
Hartford
Annapolis
Chicago
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10/14/03
13:34
COLONIRL BRNK-DRYTONR BERCH,FLR ~ 386 445 9004
NO.801
[;102
~
COLONIAL BANK.
_'OIC
Commercial Lending Division
October 14, 2003
City of Edgewater
Planning Division
HE: SeaEdge Partners, LLC - 60 Acre Intracoastal Project
Edgewater, Florida
To Whom It May Concern:
The purpose of this letter is to infonn you that Colonial Bank and the above referenced client
have discussed preliminary development plans for the above listed property.
Based on Colonial Bank's excellent history with this customer and related affiliates, it is my
opinion that the individuals involved in this project possess the necessary development
experience and resources to make this project a success.
Additionally, Colonial Bank is very interested in the possibility of fmancing this proposed
facility and look forward to further discussions regarding this transaction in the near future.
Please contact me direct at (386) 761-1137 if there are any questions concerning this information.
Thank you.
An Affiliate of The Colonial BancGroup. Ine.
1899 S. Clyde Morris Boulevard. Daymna ~h, Florida 32119
Thlephono 3B6I761.1137 I Fax 3861763-9694
www.colonialbBIlk.com
AN EQUAL OPPORTUNITY EMPLOYER
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