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Crown Management Services 6-14-19 offerCROWN MANAGEMENT SERVICES 207 Cherry Hill Orive Ptesto, PA 75142 June, 14,2019 Michael Dowling Real Property Management 3335 East Tamiami Trial, Suite 101 Naples, Florida 34112 RE: "OUR SEALED PROPOSAL"FOR 47+/- ACRE PARCEL LOCATED BETWEEN IMMOKALEE ROAD AND 4TH STREET NORTHEAST KNOWN AS THE RANDALL CURVE PARCELT (FOLIO 37690040003). RANDALI- CURVE BID PACKAGE Dear Mr. Dowling, We are pleased to submit our proposalto acquire the Collier County's property known as the Randall Curve property. We have formed a collaboration with Stiles Development, one of the largest commercial developers and commercial managers in the state of Florida, and with Shy Wolf to which we are all committed to working together to provide the best solutions and best services to the Golden Gate Community. The Randall Curve property consists of approximately forty-seven l47l +l- aqes located off lmmokalee Road near Randall Boulevard in Collier County, Florida. Our proposal would consist of modifyinB the Estates Shopping Center project to eliminate commercial use on approximately thirty (30) acres. The uses on the thirty (30) acres would be modified to allow the shy wolf preserye on twenty (20) acres and allow for a land swap with Collier of ten (10) +/- acres. The Estates Shopping Center CPUD is located approximately in the center of Golden Gate Estates at the corner of 1st Street NW on Golden Gate Blvd. extending to 3rd Street NW. A legal description and aerial view ofthe thirty (30) acre tract is attached for your review. ln addition, we would make a cash payment of 53,750,000 dolla rs. Our toal is to work with the County and the Golden Gate Estates Community to provide the best use for both parcels of land that would best serve the citizens of Golden Gate Estates and Collier County. Our objective would be to get input from the community, evaluating their needs and desires and developing the Randall Curve property as the Commercial Hub to serve the Golden Gate Estates community by providing the many commercial services that are needed and creating full and part-time jobs. We envision the Randall Curve site to be a muhi-mix use development, thus providing many possible services ranging from a grocer, hardware store, pet and garden supply store, home improvement store, gas station, entertainment facilities (such as restaurant, theater, medical and professional service buildings), as well as possible multi-family dwelling units and senior housing facilities. Attached is a conceptual plan identifying the anticipated development area that would be used as the basis for developing the zoninB master plan. The development of the Randall Curve property would also be providing much needed relief to the County's road system serving the area so that people living and staying in the area would not have to drive west or to the City of Naples for their daily and monthly needs, as well as providing them a cost savings of gas and valuable drive time out of their daily schedule. Crown Management has had discussions with Barron Collier Companies, which owns the property adiacent to the Randall Curve property. Barron Collier Companies has agreed to provide access to the site through its abutting property, which is North of the Randall Curve property. Barron Collier has also committed to working with us to develop the land. Combining this tract of land to the abutting Barron Collier land would provide a great opportunity to consolidate a Commercial Hub to serve the Golden Gate Estates Community for the foreseeable future. Our proposal would consist of the following terms and conditions: 1.) A cash payment of S3,750,000 Dollars. 2.) ln exchange for the Counvs forty-seven (47) +/- Randall Curve property, we would provide our ten (10) +/- acres (details below)to the County to be used by the County as it sees fit for its best use. 3.) We would provide the County with a one (1) + acre tract of land (at the Randall Curve property) to facilitate a County service building to serve the community. 4.) We understand that the County has the ultimate right to decide how the ten (10)+/- acres is utilized. However, we encourage Collier County to consider desi8nating all or a portion of the 10+/- acre tract for a park serving the Golden Gate Estates Community, where families and children can enjoy a park, a place to gather, have family picnics, as well as community events. 5.) We will sell twenty (20) acres of land at our Golden Gate Blvd. site to Shy Wolf where they will build out their facilities that can be enjoyed by all in the community. Our property is much better suited for the needs and use than the Randall Curve location. 6.) Some of our purchasing dollars can be used to facilitate the construction of a park on the ten (1Ol acres, and/or the funds can be used as the County deems appropriate for it. 7.) We would process a growth management plan amendment and re-zone the County's Randall Curve property to allow appropriate commercial and/or residential uses. 8.) We would Amend the Estates Shopping Center Sub-district and the Estates Shopping Center CPUD to add the County's and Shy Wolfs proposed uses on the 30 +/- acre tract and eliminate the requirement of a grocer for the remaining ten (10) +/- acre tract at the corner of Golden Gate Blvd. and Wilson Blvd. to 1st Street NW, which would be retained and used by us. We have met with several community leaders of Golden Gate Estates reBarding this proposal, and they are in favor of the ten (10) acre land swap with Collier County a nd ShyWolfs use oftwenty (20) acres of the property. The purchase and sale agreement would require an initial deposit of 5187,500 and include a ninety (90) day due diligence period. At the end of the due diligence period and assuming the contract is not terminated, the deposit would increase to 5375,000 and become non refundable except for county default or failure to obtain required County/State/Federal approvals. The transaction would be contingent upon us receiving all necessary required County/State/Federal approvals for the commercial use of both tracts of land. Closing would occur thirty (30) days after receipt of all necessary County/State/Federal approvals. We would also pay for all the associated legal costs of the land swap including zoning and use approvals. Crown ManaBement has assembled a stellar team of professionals to get us through the civil, use approvals, construction and operation process. They include Wayne Arnold of 6rady Minor to provide all our civil and land surveys, Rich Yovanovich for any land use work necessary to modify the existing land use entitlements and Stiles Development for construction and leasing. We look forward to future discussions and working with the County and the Golden Gate Estates community to find a solution that works for and benefits everyone. We encourage you to visit Stiles Developments Website at httos;//www.stiles.com/oortfolio/, as well as view the attached brochures to see first hand their experience, capabilities and some oftheir previous proiects. Should you have any questions or need additional information, please don't hesitate to reach out to me. Sincerely, %*tu Robert Crown, Vice President Crown Management Services, LLC Crorvn Management Randall Curve Development -!!Prc?IrrrlJulE ll l0l9 J:*oii llhtcr Menrgemenl Arce GradvMinor 0 drnbEr^-d.r'r^ - a-E aEra! l.E|t rtlt CMIEBhG.I! . t€rd tlurcyom . Plann.r3 . I-l bc{F turnL.L. ESIAIES SIOPPING CENIER LYIIG INsEcno a,IowirsHrP 4a 50t H, RAroE 27 E SI COI.LIER COIIITY, FLOFIOA _,._ , ,,." xfttltrE1 s 30 /() 50' E Ihrl llEtqar E a.@ !I I II B a li I L _J "_ ".,,11---- ,: F\ rr.rit,B: $ a lr. n '$r * r .. ,'r,r w, E0 ' 'd Ui' ''r'd 6. Do E I r, $, r,a.t {5. E6 nF D i{OIEA:i'iffi td Lqo r: .@ o , r,.r@ rcu imdno r,ry GradvMlnor o'c"'*'''lffit 3.tua '.tta urs. cMtEqhaem . L€ndsuEryor. . Plenmll . Lrn&crF^Ehr..o ESTATES SIiOPPING CENTER LYIM' INtEctoti a. rotvrisrP at .outH, iAtE 2t Elsr COIIER COJIITY, FLORIOA 0 i6, 200, SCALE: l" = 200