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Tice StreetFORT MYERS, FLORIDA

O F F E R I N G M E M O R A N D U M

July 28, 2017

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Tice Street

C O N F I D E N T I A L O F F E R I N G M E M O R A N D U M

OFFERING PROCESS

Offers should be sent in Contract form or in Letter of Intent format to include, but not limited to, basic terms such as:

Purchase Price, Earnest Money Deposit, Feasibility Period and Closing Period.

Please direct all offers to:

Doug Meschko - dmeschko@landsolutions.net

Justin Thibaut - jthibaut@landsolutions.net

Limitations & Disclaimers The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.

Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.

It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.

The Seller and Land Solutions, Inc. disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.

Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.

Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the Land Solutions team.

EXECUTIVE TEAM CONTACTS

Doug Meschko MBA, ALC, Broker Associate

MARKETED AND EXCLUSIVELY LISTED BY:

Fort Myers, Florida

Justin ThibautDirector of Sales

Executive Summary ................................................3

Area Overview ........................................................ 4

Comparable Communities .................................. 5

Site Aerial .................................................................. 6

Master Concept Plan ............................................ 7

Deal Terms ................................................................ 8

Voluntary Public School Choice Map ............ 9

Contact ..................................................................... 10

Limitations & Disclaimers .................................. 11

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E X E C U T I V E S U M M A R Y

OPPORTUNITY

The Tice Street property, previously known as Farmington, is a unique infill property in Fort Myers, Florida consisting of 60.34± acres and having a zoning of RM-8, or residential multifamily up to 8 units per acre, and a future land use designation of Central Urban that allows up to 10 residential units per acre. This property provides an opportunity to bring moderately priced housing to a market that is in short supply. The property also previously had an Environmental Resource Permit (ERP) and development order for 256 townhomes, but both have since expired.

LOCATION

5281 Tice Street, Fort Myers, FL 33905Located adjacent to Oak Hammock Middle School

PROPERTY SIZE

60.34± acres

BULK PURCHASE PRICE

$1,895,000 or $31,405.37 per acre

ZONING

RM-8 (Residential Multifamily up to 8 units per acre)

FUTURE LAND USE

Central Urban (up to 10 residential units per acre, plus additional uses)

PERMITS

SFWMD ERP expired on February 16, 2012 and will need to be re-instated. SFWMD Water Use permit is in place and has an expiration of April 17, 2027. A Development Order (DO) for 256 townhomes on the site expired on April 17, 2013 and will need to be re-established. No Army Corp (ACOE) permit was previously required.

TAX ID

03-44-25-00-00008.000003-44-25-00-00008.005003-44-25-00-00008.007003-44-25-00-00008.0080

2016 TAXES

$5,406.98 (March)

UTILITIES

Utilities for water, sewer, electric, and phone are believed to be accessed on the east side of the property by the entrance of Oak Hammock Middle School.

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S I T E L O C A T I O N M A P

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S I T E A E R I A L

Tice St.

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C O N C E P T U A L S I T E P L A N

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A R E A O V E R V I E W

SITE

Downtown Fort Myers

Colonial Blvd.

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Free school bus transportation is provided for students who live beyond two miles from their assigned school. Students residing in barrier island boundary areas of Fort Myers Beach, and Pine Island will attend their barrier island elementary school. Students residing in barrier island boundary area of Sanibel Island will attend their barrier island elementary and middle school.

The School DiSTricT of lee counTy

WeST ZoneStudent Assignment office

Cape Coral .................................................1elementary Schools

Caloosa (U) ................................................5Cape ..........................................................6Diplomat (U) ..............................................8Gulf .........................................................16Hancock Creek ........................................17Hector A. Cafferata, Jr. (U) ........................40J. Colin English (U) (IB in progress)...........19Littleton (U) ................................................9NFM Academy for the Arts (K-8) (A) (U) .....23Patriot ......................................................44Pelican .....................................................26Skyline ....................................................30Trafalgar (U) .............................................34Tropic Isles ..............................................38

Middle SchoolsCaloosa ......................................................3Challenger ................................................17Diplomat.....................................................5Gulf ...........................................................8Mariner (IB in progress) ............................10NFM Academy for the Arts (K-8) (A) (U) ....23Trafalgar ..................................................13

high SchoolsCape Coral (IB) ..........................................1 Ida S. Baker (C) ........................................10Island Coast .............................................13Mariner (STEM) ..........................................7North Fort Myers (A) (CA) ...........................8

SouTh ZoneStudent Assignment office

Fort Myers .................................................2elementary Schools

Allen Park ..............................................1Bonita Springs (U) (A) ............................4Colonial (U) ............................................7Edison Park (A) ................................... 11Franklin Park (U) ................................. 13Heights (IB) .......................................... 18Orangewood ......................................... 25Pinewoods ........................................... 28Ray V. Pottorf ...................................... 41Rayma C. Page (U) ............................... 42San Carlos Park (U) (A) ........................ 29Spring Creek (U) .................................. 31Tanglewood .......................................... 33Three Oaks .......................................... 36Villas ................................................... 39

Middle SchoolsBonita Springs (A) (CA) ..........................2Cypress Lake (A) ....................................4Fort Myers Middle Academy (U) (T) ....... 16Lexington (IB) ...................................... 15Paul Laurence Dunbar ......................... 11Three Oaks (U) ..................................... 12

high SchoolsCypress Lake (A) ....................................2Dunbar Zone Magnet (IB STEM Candidate) ... 3Estero (CA) ............................................4Fort Myers (IB) .......................................5South Fort Myers (C) ............................ 11

eAST ZoneStudent Assignment office

Lehigh Acres .............................................3elementary Schools

Alva (K-8) .................................................2Bayshore (U) ............................................3Edgewood Academy (A) (U) ................... 10G. Weaver Hipps ...................................... 45Gateway ................................................15Harns Marsh .........................................43James Stephens Academy (U) (K-8) ..........6Lehigh ...................................................20Manatee (U) ...........................................14Mirror Lakes (U) .....................................22Orange River ..........................................24River Hall (U) .........................................12Sunshine ...............................................32Tice (FL) .................................................37Tortuga Preserve (STEM) (U)...................46Treeline (U) ............................................35Veterans Park (K-8) (A) (U) .....................27

Middle SchoolsAlva (K-8) .................................................1Harns Marsh (STEM) (U) ........................28James Stephens Academy (U) (K-8) ..........6Lehigh Acres (U) .....................................14Oak Hammock (A) (U) ............................18Varsity Lakes (U)......................................7Veterans Park (K-8) (A) (U) .....................27

high SchoolsDunbar Zone Magnet (IB STEM Candidate)...3East Lee County (C) ...............................12Lehigh Senior (A) (CA) ..............................6Riverdale (IB) ...........................................9

(A) Arts Program; (C) Comprehensive Program; (IB) International Baccalaureate; (CA) Cambridge Program; (T) Technology Program;(STEM) Science, Technology, Engineering, Math; (FL) Foreign Language; (U) this school has a uniform clothing policy

STUDENTASSIGNMENT

ZoNES2014-2015

Elementary

Middle

Multi-Level

High

Multi-Zone

StudentAssignment Office

W-3

W-2

W-1

S-1

S-2

S-3

E-1

E-2E-3

Free school bus transportation is provided for students who live beyond two miles from their assigned school. Students residing in barrier island boundary areas of Fort Myers Beach, and Pine Island will attend their barrier island elementary school. Students residing in barrier island boundary area of Sanibel Island will attend their barrier island elementary and middle school.

The School DiSTricT of lee counTy

WeST ZoneStudent Assignment office

Cape Coral .................................................1elementary Schools

Caloosa (U) ................................................5Cape ..........................................................6Diplomat (U) ..............................................8Gulf .........................................................16Hancock Creek ........................................17Hector A. Cafferata, Jr. (U) ........................40J. Colin English (U) (IB in progress)...........19Littleton (U) ................................................9NFM Academy for the Arts (K-8) (A) (U) .....23Patriot ......................................................44Pelican .....................................................26Skyline ....................................................30Trafalgar (U) .............................................34Tropic Isles ..............................................38

Middle SchoolsCaloosa ......................................................3Challenger ................................................17Diplomat.....................................................5Gulf ...........................................................8Mariner (IB in progress) ............................10NFM Academy for the Arts (K-8) (A) (U) ....23Trafalgar ..................................................13

high SchoolsCape Coral (IB) ..........................................1 Ida S. Baker (C) ........................................10Island Coast .............................................13Mariner (STEM) ..........................................7North Fort Myers (A) (CA) ...........................8

SouTh ZoneStudent Assignment office

Fort Myers .................................................2elementary Schools

Allen Park ..............................................1Bonita Springs (U) (A) ............................4Colonial (U) ............................................7Edison Park (A) ................................... 11Franklin Park (U) ................................. 13Heights (IB) .......................................... 18Orangewood ......................................... 25Pinewoods ........................................... 28Ray V. Pottorf ...................................... 41Rayma C. Page (U) ............................... 42San Carlos Park (U) (A) ........................ 29Spring Creek (U) .................................. 31Tanglewood .......................................... 33Three Oaks .......................................... 36Villas ................................................... 39

Middle SchoolsBonita Springs (A) (CA) ..........................2Cypress Lake (A) ....................................4Fort Myers Middle Academy (U) (T) ....... 16Lexington (IB) ...................................... 15Paul Laurence Dunbar ......................... 11Three Oaks (U) ..................................... 12

high SchoolsCypress Lake (A) ....................................2Dunbar Zone Magnet (IB STEM Candidate) ... 3Estero (CA) ............................................4Fort Myers (IB) .......................................5South Fort Myers (C) ............................ 11

eAST ZoneStudent Assignment office

Lehigh Acres .............................................3elementary Schools

Alva (K-8) .................................................2Bayshore (U) ............................................3Edgewood Academy (A) (U) ................... 10G. Weaver Hipps ...................................... 45Gateway ................................................15Harns Marsh .........................................43James Stephens Academy (U) (K-8) ..........6Lehigh ...................................................20Manatee (U) ...........................................14Mirror Lakes (U) .....................................22Orange River ..........................................24River Hall (U) .........................................12Sunshine ...............................................32Tice (FL) .................................................37Tortuga Preserve (STEM) (U)...................46Treeline (U) ............................................35Veterans Park (K-8) (A) (U) .....................27

Middle SchoolsAlva (K-8) .................................................1Harns Marsh (STEM) (U) ........................28James Stephens Academy (U) (K-8) ..........6Lehigh Acres (U) .....................................14Oak Hammock (A) (U) ............................18Varsity Lakes (U)......................................7Veterans Park (K-8) (A) (U) .....................27

high SchoolsDunbar Zone Magnet (IB STEM Candidate)...3East Lee County (C) ...............................12Lehigh Senior (A) (CA) ..............................6Riverdale (IB) ...........................................9

(A) Arts Program; (C) Comprehensive Program; (IB) International Baccalaureate; (CA) Cambridge Program; (T) Technology Program;(STEM) Science, Technology, Engineering, Math; (FL) Foreign Language; (U) this school has a uniform clothing policy

STUDENTASSIGNMENT

ZoNES2014-2015

Elementary

Middle

Multi-Level

High

Multi-Zone

StudentAssignment Office

W-3

W-2

W-1

S-1

S-2

S-3

E-1

E-2E-3

The School District of Lee County

P U B L I C S C H O O L C H O I C E M A P

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L I M I T A T I O N S & D I S C L A I M E R S

Confidentiality Statement

All contents are confidential between the parties, and their respective brokers and may not be duplicated, or circulated to any other party without the written permission of the Purchaser, or his representative. Should any support information in this package be in contradiction to or conflict with the information in the Letter of Intent, the language in the LOI shall take precedence.

Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.

Limitations & Disclaimers

The content and condition of the property provided herein is to the best knowledge of the Seller. This disclosure is not a warranty of any kind; any information contained within this proposal is limited to information to which the Seller has knowledge.

Information in this presentation is gathered from reliable sources, and is deemed accurate, however any information, drawings, photos, site plans, maps or other exhibits where they are in conflict or confusion with the exhibits attached to an forthcoming purchase and sale agreement, that agreement shall prevail.

It is not intended to be a substitute for any inspections or professional advice the Buyer may wish to obtain. An independent, professional inspection is encouraged and may be helpful to verify the condition of the property.

The Seller and Land Solutions, Inc. disclaim any responsibility for any liability, loss or risk that may be claimed or incurred as a consequence of using this information. Buyer to hold any and all person’s involved in the proposal of the property to be held harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed.

Potential Buyer acknowledges that all property information, terms and conditions of this proposal are to be kept confidential, and concur that either the Potential Buyers, nor their agents, affiliates or attorneys will reveal this information to, or discuss with, any third parties.

Buyer will be a qualified Buyer with significant experience in entitlement and development process in Lee County with finesse and wherewithal and be willing to be interviewed by the Land Solutions team.

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Land Solutions Inc. was founded in 2000 by Randy Thibaut to serve land owners, developers and home builders in acquiring land suitable for the development of residential and commercial properties. Today, Land Solutions is a recognized leader in Southwest Florida real estate brokerage, offering full land services, market research, asset management and residential/commercial land marketing specialties. The Land Solutions team consists of highly skilled professionals with experience in every aspect of the development process. The team specializes in current market and valuation issues, acquisition and disposition services, due diligence evaluation, permitting status and compliance, work-out projects, asset management and land zoning and planning.

Offered exclusively by

Licensed Real Estate Brokerwww.landsolutions.net

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