WWMR 6-4-19 offerWOODS.WEIDENN/ILLER
MICHETTI . RUDNICK
Michael Dowling
Real Property Management
3335 East Tamiami Trail, Suite 101
Naples, Florida 34112
June 12, 2019
47 +/- actes between rmmokaree Road and 4'h street Northeast (commonry known as Randa
Curve Parcel) located in Collier County, Florida
Folio 37690040003
Dear Michael:
Enclosed please find the letter of intent from our clients sports camp, rnc., d/b/a sports c.L.u.B, for thepurchase of the above referenced property.
should you have any question or if I can be of any assistance do not hesitate to contact me.
J DR/m rl
Enclosures
June 12,2019
Collier County Board of County Commissioners
Attn: Michael Dowling
Real Propefi Management
3335 East Tamiami Trail, Suite 101
Naples, Florida 34112
Re: 47 +l- aclles between Immokalee
known as the Randall Curve Parcel) located
Road and 4h Street Northeast (commonly
in Collier County, Florida
Mr. Dowling:
The following will set forth the basic terms and conditions offered by Sports Camp, Inc.,
d/b/a Sports C.L.U.B., for a purchase and sale agreement on the above referenced
Property.
PURCHASER: Sports Camp, Inc., a Florida not for profit corporation d/b/a Sports
c.L.u.B.
PROPERTY: 47 +l- acres between Immokalee Road and 4th Street Northeast
(commonly known as the Randall Curve parcel) located in Collier
County, Florida Folio: 376900400003
Correct legal descriptions to govern
PURCHASE PRICE: Four Million and 00/100 Dollars ($4,000,000.00)
DEPOSITS:Initial Deposit:
$15,000 deposit to be paid within five (5) days of execution of an
Agreement of Purchase and Sale and held in escrow to be returned
to Purchaser should Purchaser terminate the Agreement prior to
the expiration of the Inspection Period (defined below).
Additional Deposit:
$25,000.00 additional deposit to be paid into escrow upon
expiration of the Inspection Period.
Deposits shall become non-refundable upon expiration of the
Inspection Period. All deposits and any interest earned on deposits
in escrow shall be applicable to the Purchase Price at closing.
INSPECflON
PERIOD: Purchaser shall have Fofi Five (45) days from and after execution
of Purchase and Sale Agreement in whlch to inspect the property
for its intended use. Purchaser shall have the absolute right to
terminate the Agreement during that period for any reason.
Purchaser shall have the general right to review or inspect the
Property, including, but not limited to the following prior to the
expiration of the Inspection Period:
a. Existing surveys and site plans.
b. Hazard and liability insurance policies.
c. Any agreements affecting or encumbering the property
d. Phase one environmental audite. Soils boringsf. Economic and financial studies for the property.
g. Endangered Species Survey
TITLE
COMMITMENT: Purchaser shall obtain a title commitment and policy at purchaser's
expense.
SURVEY: Any existing surveys shall be provided by Seller. purchaser shall
obtain any new or updated surueys at purchaser's expense.
ESCROW AGENT &
TITLE COMPANY: Woods, Weidenmiller, Michetti & Rudnick, LLp Naples, Florida
CLOSING COSTS: Normal and customary costs to each party.
CLOSING: Foty-Five (45) days after expiration of the Inspection period.
RESTRICTIONS ON
FURTHER OFFERS:
Upon the expiration of the Inspection period the Seller shall not:
a. Accept an offer to purchase or otherwise dispose of any part
of the Propefi.
b. Offer or list any part of the Property for sale or disposition.c. Negotiate with any person for the sale, encumbrance or
disposition of any part of the property.
BROKEMGE: N/A
EXPIMTION OFOFFER: The Purchaser's offer contained in this letter shall remain open for
acceptance by Seller until June 28, 2019, after which it shall
become null and void if not accepted by Seller or extended in
writing by Purchaser.
Other: Purchaser and Seller shall use best commercial efforts to
consummate a Purchase and Sale Agreement reflecting the specific
terms and intent of this Lefter of Intent within thirty (30) days of
the execution of this agreement.
Kindly evidence your acceptance of the terms and conditions of this Letter of Intent by
signing the enclosed copy of this letter and returning it to the undersigned.
Sincerely,
SPORTS CAMP, INC.
I
//t\,\)N
Lane Bea
President
ACCEPTED AND AGREED TO BY SELLER
this _ day of 2019
By: