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Backup Documents 03/10/2020 Item #16K 3 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 16K 3 TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s)(List in routing order) Office Initials Date 1. 2. 3. County Attorney Office County Attorney Office JAK 03/10/20 4. BCC Office Board of County 1 J+ �3 Commissioners q 5. Minutes and Records Clerk of Court's Office 1255' PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addressees above,may need to contact staff for additional or missing information. Name of Primary Staff Jeff Klatzkow/Office of the County Contact Information 239-252-8400 Contact/Department Attorney Agenda Date Item was March 10,2020 Agenda Item Number 16K3 Approved by the BCC 12G3Type of Tri-Party Developer Contribution Number of Original 3 Document Attached Agreement with Ave Maria Development, Documents Attached LLLP and The District School Board of Collier County,Florida PO number or account N/A number if document is to be recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not appropriate. (Initial) Applicable) 1. Does the document require the chairman's original signature STAMP OK N/A 2. Does the document need to be sent to another agency for additional signatures? If yes, N/A provide the Contact Information(Name;Agency;Address;Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be JAK signed by the Chairman,with the exception of most letters,must be reviewed and signed by the Office of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's JAK Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's signature line date has been entered as the date of BCC approval of the JAK document or the final negotiated contract date whichever is applicable. 6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's JAK signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip JAK should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on 72U20 and all changes made during JAK the meeting have been incorporated in the attached document. The County Attorney's Office has reviewed the changes,if applicable. 3--100- () 9. Initials of attorney verifying that the attached document is the version approved by the BCC,all changes directed by the BCC have been made,and the document is ready for the Chairman's signature. 6 ,_ 10 1Oh1 Ea rnan 1 6 K 3 AlthouseTammy From: BrockMaryJo Sent: Wednesday, March 4, 2020 3:50 PM To: PattersonAmy; KlatzkowJeff Subject: FW:TRI PARTY AGREEMENT_AVE MARIA Attachments: 20200304101649130.pdf; Executive Summary - Ave Maria School DCA.docx It's been entered and in both of your workflow(s) to review/approve....if you want to be "skipped" let me know. Thanks, MJ Original Message From: KlatzkowJeff<Jeff.Klatzkow@colliercountyfl.gov> Sent: Wednesday, March 4, 2020 3:44 PM To: BrockMaryJo <MaryJo.Brock@colliercountyfl.gov> Cc: OchsLeo <Leo.Ochs@colliercountyfl.gov>; Eastman, Thomas <EastmaTh@collierschools.com>; PattersonAmy <Amy.Patterson@colliercountyfl.gov> Subject: FW: TRI PARTY AGREEMENT_AVE MARIA MJ: Please load, County Attorney consent. Leo: When I last spoke to Amy, she seemed OK with this. I have copied her just in case she has any misgivings. Jeffrey A. Klatzkow Collier County Attorney (239) 252-2614 Original Message From: Eastman, Thomas <EastmaTh@collierschools.com> Sent: Wednesday, March 4, 2020 3:29 PM To: KlatzkowJeff<Jeff.Klatzkow@colliercountyfl.gov> Subject: FW: TRI PARTY AGREEMENT_AVE MARIA EXTERNAL EMAIL: This email is from an external source. Confirm this is a trusted sender and use extreme caution when opening attachments or clicking links. Jeff, I delivered 3 originals to your receptionist for you to process for the BCC meeting. I will need one original fully executed document back for my records. Thanks for all of your help with this agreement. Tom Thomas G. Eastman Director, Interagency, Real Property & Regulatory Coordination Collier County Public Schools 1 1 6 K 3 5775 Osceola Trail I Naples, FL 34109 p: 239.377.0267 I f: 239.377.050 eastmath@collierschools.com Pursuant to School Board policy and administrative procedures, this e-mail system is the property of the School District of Collier County and to be used for official business only. In addition, all users are cautioned that messages sent through this system are subject to the Public Records Law of the State of Florida and also to review by the school system. There should be no expectation of privacy. Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. 2 Crystal K. Kinzel 1 6 K 3 L„pT COURT ���`c`� ��2J Collier County Clerk of the Circuit Court and Comptroller r 3315 Tamiami Trail East, Suite 102 A Naples, Florida 34112-5324 <�F •�� (Ouvri March 16, 2020 District of CCPS Attn: Thomas G. Eastman, Director CCPS — Interagency, Real Property & Regulatory Coordination 5775 Osceola Trail Naples, Florida 34109 Re: Tri-Party Developer Contribution Agreement— AVE MARIA Transmitted herewith are two (2) originals of the above referenced document for your records per request, as adopted by the Collier County Board of County Commissioners of Collier County, Florida on Tuesday, March 10, 2020, during Regular Session. An original has been kept as part of the Board's Official Records. Very truly yours, CRYSTAL K. KINZEL, CLERK Martha Vergara, Deputy Clerk Enclosure Phone-(239)252-2646 Fax-(239)252-2755 Website-www.CollierClerk.com Email-CollierClerk@collierclerk.com INSTR 5846911 OR 5743 PG 784 16K 3 RECORDED 3/24/2020 9:52 AM PAGES 10 CLERK OF THE CIRCUIT COURT AND COMPTROLLER COLLIER COUNTY FLORIDA REC$86.50 INDX$2.00 AVE MARIA TRI-PARTY DEVELOPER CONTRIBUTION AGREEMENT THIS TRI-PARTY DEVELOPER CONTRIBUTION AGREEMENT("Agreement") is made and entered into this ((13day of 15N 2020, by and between AVE MARIA DEVELOPMENT, LLLP, a limited liability Florida Limited Partnership, formerly known as New Town Development, LLLP ("Developer"), whose address is 2600 Golden Gate Parkway,Naples, Florida 34105 and THE DISTRICT SCHOOL BOARD OF COLLIER COUNTY, FLORIDA (the "School District"), and is joined in and acknowledged by THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY,FLORIDA AS THE GOVERNING BODY OF COLLIER COUNTY(the"County"). RECITALS: WHEREAS, the Town of Ave Maria was created by the County and is located just north of Oil Well Road and adjacent to Camp Keais, which at build-out will include 11,000 residential units, 690,000 gross square feet of retail/service,510,000 square feet of gross leasable office,35,000 square feet of medical facilities, 148,500 square feet of gross civic uses, 600,000 square feet of light industrial/warehousing, 400 hotel rooms, public school sites, a private K-8 and high school, and Ave Maria University, which will support 6,000 students; WHEREAS,the Town of Ave Maria was the first implementation of the Rural Lands Stewardship Area (RLSA) program, a program which implements the provisions of Chapter 163-3177(11)(d) Florida Statutes (2004); the RLSA program being an innovative and incentive based program for planning, protection of natural resources, and development in the rural area of Collier County; WHEREAS,the Town of Ave Maria DRI was originally approved as a Development of Regional Impact(DRI)by Resolution No. 05-235,Development Order No. 05-01; WHEREAS, the Florida Legislature in 2012 adopted Section 163-3248(11) Florida Statutes specifically recognizing Collier County Rural Land Stewardship program as a Statutory Rural Land Stewardship area which pursuant to Section 380.06(24)(m), Florida Statutes is exempt from DRI review; WHEREAS,pursuant to Section 380.115,Florida Statutes the Ave Maria DRI has been rescinded; WHEREAS, the Town of Ave Maria SRA is approved pursuant to Resolutions 2004-89, 2005- 234A and 2014-222, all as amended from time to time; WHEREAS, Developer and the School Board previously entered into a Memorandum of Understanding wherein Developer agreed to transfer 46 acres of land in Ave Maria, more particularly described on Exhibit"A"(the"Land"),to the School District in exchange for a$2,745,000 credit against school impact fees,which credit was applied and exhausted incrementally as permits were processed; WHEREAS, Developer transferred the Land to the School District pursuant to that certain Special Warranty Deed recorded in Official Records Book 4383, Page 0114, Public Records of Collier County, Florida; 1 16K 3 WHEREAS,the School District currently has no immediate plans to construct a school on the Land; WHEREAS,Developer desires to have a public elementary school constructed and operated on the Land in the near future; WHEREAS, the School District is willing to delegate to the Developer designing, permitting, financing, and constructing a single building(with appropriate furniture, fixtures and equipment)designed to accommodate approximately 400 elementary school students(the"Project")on the Land, in accordance with the terms herein; WHEREAS,the School District acknowledges that the Project meets the same need as that which would be funded through school impact fees, but that construction by Developer is in the best interest of the School District; WHEREAS, the Developer has agreed to fund the cost of designing, permitting, constructing, equipping and furnishing the Project("Project Costs")in exchange for educational impact fee credits in an amount equal to the Project Costs(the"Impact Fee Credit"); WHEREAS,the School District acknowledges that Developer will be financing the Project with a reputable national lender("Construction Loan"), in Developer's sole selection; WHEREAS, the parties intend for the Project to be completed, as evidenced by the issuance of a Certificate of Occupancy("Completion"), in advance of the school year commencing in August of 2021; WHEREAS,commencing on the later of("Credit Commencement Date"): (a)July 31,2021 or(b) thirty (30) days following Completion of the Project, (i) the School District shall take possession of the building comprising the Project and (ii)the Impact Fee Credit shall be made available by the County and applied to exhaustion on a unit by unit basis; and WHEREAS, this Agreement has been negotiated and prepared by the School District and the Developer,who jointly request that the County approve the terms and conditions set forth herein. WITNESSETH: NOW, THEREFORE, in consideration of Ten Dollars ($10.00) and other good and valuable consideration exchanged amongst the parties, and in consideration of the covenants contained above and herein,the fact that all of the above recitals are true and correct and shall be fully incorporated herein and form part of the basis for this Agreement,the parties agree as follows: 1. Recitals; Definitions. The foregoing recitals are true and correct and are incorporated into this Agreement. The parties hereto agree and acknowledge that the intent of this Agreement is to create a legally binding contract whereby Developer designs,permits,finances,constructs,equips and furnishes the Project and the County credits educational impact fees as they become due on and after the Credit Commencement Date. All capitalized terms not defined herein shall have the same meaning as set forth in the Collier County Consolidated Impact Fee Ordinance, Ordinance No. 2001-13, as amended. 2. General. Subject to the terms of this Agreement,Developer shall be the manager of the Project and shall have the right to ultimately approve and determine, in its reasonable discretion, all items to be approved, determined or agreed to as required for completing the Project. Notwithstanding the foregoing, 2 1 6K 3 the School District (or its designated staff, directed by the Superintendent) shall have the right to review and approve in writing (i) any bids and/or Request for Proposals circulated to proposed contractors and consultants for the Project; (ii)the architect, engineer and general contractor for the Project; (iii)the plans for the Project; (iv) all furniture, fixtures and equipment; and(v)the Project Costs, all in accordance with applicable law; provided that the Parties hereby agree that Peninsula Improvement Corporation, d/b/a Peninsula Engineering, shall provide engineering and inspection services for the Project and be paid a fee in the amount customarily charged for such services. The School District(or staff)shall also have the right to generally monitor construction and progress of the Project. Developer and the School District,and each's respective agents (or staff) involved in the Project, shall hold collaborative meetings no less than monthly in the course of designing,permitting and constructing the Project, and the parties shall work in good faith and without delay to develop the final plans for the Project("Final Plans"). The Final Plans shall meet all applicable County and State of Florida requirements for educational facilities and shall comply with the latest Florida Fire Prevention Code and the Florida Building Code. The School District shall not unreasonably object to any items or matters submitted for its review if such items or matters are in substantial compliance with applicable law and the Final Plans. The Parties acknowledge that the School District may, at its sole cost and expense, construct an additional building(s) on the Land for a middle school (or for expansion of the elementary school), and, to the extent permitted by law, the Project and middle school (or expansion of the elementary school) may share common elements and facilities, as determined by the School District in its sole and absolute discretion. Upon reasonable request by the School District,Developer shall make all invoices,records and any other documentation related to the Project Costs available to the School District,as is necessary to perform a financial audit. The School District shall have the right and authority to name the school constructed on the Land in accordance with its applicable procedures and policies. 3. Timing; Permits; Construction. a. Subject to events of force majeure,the parties shall comply with the applicable milestones set forth on Exhibit"B". b. It is anticipated that completion of the Project will require permits,authorizations and other approvals("Permits"). The Permits shall be in substantial conformance with the Final Plans. The School District shall reasonably cooperate with Developer and not impede in any material way Developer's efforts to obtain such Permits(including, executing any consents as owner of the Land). c. Developer shall use good faith efforts to cause completion of the Project in accordance with the Final Plans and Permits. The School District agrees and acknowledges that it shall have no right to separately contract for any additional or other work on the Land,and that during the entire time Developer (and/or its contractors or subcontractors)is performing the work for the Project, Developer shall have sole and exclusive possession of the Land for a period of time not to exceed five (5) years from the date of execution of this Agreement. 4. Costs;Impact Fee Credit. a. Developer shall initially pay for the Project Costs; subject, however, to the Impact Fee Credit. It is estimated that the gross Project Costs will be approximately Ten Million Dollars ($10,000,000.00); however,the actual cost of the Project will be adjusted based on the Final Plans and the construction contract, and shall not include costs incurred by Developer to finance and service the Construction Loan for the Project. The construction contract shall be a "stated sum" contract with a guaranteed maximum price for completing the Project. 3 16K 3 b. No less than thirty (30) days prior to the Credit Commencement Date, Developer shall provide the School District with a final written summary of all Project Costs incurred("Invoice"),and such commercially reasonable documentation as may be requested by the School District to confirm the costs incurred by Developer. The Project's costs and procurement process will be consistent with the District's policies, not the County's, and County may rely on the District's determination as to the propriety of all Project Costs incurred. The School District and the County shall have fifteen (15) days from receipt to review the Invoice,and any objection must be made timely in a writing specifying the basis of the objection. The Parties shall work in good faith to attempt to resolve any disputes regarding the objection, and if the Parties are unable to come to a consensus within fifteen(15)days,the dispute shall be referred to the Project architect, whose decision shall be final. The amount shown on the final Invoice shall conclusively be deemed the "Project Costs" for all purposes hereunder and shall establish the amount of the Impact Fee Credits granted under this Agreement. c. The Impact Fee Credit shall be reduced by the entire amount of the educational Impact Fee due for each Building Permit issued thereon on a unit by unit basis, commencing on the Credit Commencement Date until the Town of Ave Maria is either completed or the Impact Fee Credit is exhausted or are no longer available,or have been assigned by operation of or pursuant to an assignment in accordance with this Agreement. The foregoing reduction in the Impact Fee Credit shall be calculated based on the amount of the educational Impact Fees in effect at the time the Building Permit is applied for. The credit shall specify the specific type of Public Facility Impact Fee to which it shall apply(educational)and shall not apply to any other type of Pubic Facility Impact Fee. Developer hereby authorizes the County, and the County hereby agrees, that the County shall apply the Impact Fee Credit on a per unit basis as described herein, commencing on the Credit Commencement Date and expiring on the date the Impact Fee Credit is depleted. 5. Assignment. The burdens of this Agreement shall be binding upon, and the benefits of this Agreement shall inure to, all successors in interest to the parties to this Agreement. Developer may freely assign or transfer all or any portion of the Impact Fee Credit to successor owners of all or part of the Town of Ave Maria. 6. Easement. Upon the execution of this Agreement by all parties, the School District does hereby grant unto the Developer,its successors,assigns,agents,or contractors,a temporary construction easement, for the sole purpose of providing access to and over the Land as required for the completion of the Project. The temporary construction easement shall terminate on the Completion Date. The rights and interest granted under the temporary construction easement are conditioned upon the reasonable exercise thereof by Developer. Developer may not remove any fill from the Land unless such fill is expressly specified for removal in construction plans approved in writing by the School District (or its staff). Developer shall indemnify and hold harmless the School District from and against any and all claims, actions, causes of action, loss, damages, injuries, liabilities, costs or expenses, including without limitation attorneys' fees (whether incurred before, during or after trial, or on any appellate level), arising from Developer's use of this temporary construction easement. This indemnification shall survive the termination of this temporary construction easement. 7. Developer agrees that it will not submit its own alternative Educational Impact Fee calculation,but instead will abide by the duly adopted Educational Impact Fees in effect at the time the impact fees are due. 8. The Impact Fee Credit identified herein may only be used in the Town of Ave Maria. The Impact Fee Credit set forth herein shall not offset, diminish or reduce any other charges, fees or other educational impact fees for which Developer, its successors and assigns, are responsible in connection with the development of their other lands. It shall be Developer's,or its successors'and assigns',obligation to notify 4 16 K 3 the County that the Impact Fee Credit is available each and every time that Educational Impact Fees may become due. 9. At County's option, an annual examination and audit of compliance may be performed by the County to determine compliance with, and performance under, this Agreement, including whether or not there has been demonstrated good faith compliance with the terms of this Agreement and to review the balance of available Impact Fee Credit. 10. Miscellaneous. The burdens of this Agreement shall be binding upon, and the benefits of this Agreement shall inure to, all successors in interest to the parties to this Agreement. Developer acknowledges and agrees that the failure of this Agreement to address any permit, condition, term or restriction shall not relieve either Developer,or its successors or assigns,of the necessity of complying with any law, ordinance, rule or regulation governing applicable permitting requirements, conditions, terms or restrictions. In the event state or federal laws are enacted after the execution of this Agreement,which are applicable to and preclude in whole or in part the parties' compliance with the terms of this Agreement, then in such event this Agreement shall be modified or revoked as is necessary to comply with such laws, in a manner which best reflects the intent of this Agreement. This Agreement shall be governed by and construed under the laws of the State of Florida. The parties shall attempt in good faith to resolve any dispute concerning this Agreement through negotiation between authorized representatives. If these efforts are not successful,and there remains a dispute under this Agreement,the parties shall first use the County's then current Alternative Dispute Resolution Procedure. Following the conclusion of this procedure, either party may then file an action in the Circuit Court of Collier County, which shall be the exclusive venue with respect to any disputes arising out of this Agreement. This Agreement shall not be construed or characterized as a development agreement under the Florida Local Government Agreement Act. This Agreement shall be recorded by the County in the Official Records of Collier County, Florida, within fourteen(14) days after the County enters into this Agreement. Developer shall pay all costs of recording this Agreement. A copy of the recorded document will be provided to Developer and the School District upon request. Except as otherwise provided herein,this Agreement shall only be amended or cancelled by mutual written consent of the parties hereto or by their successors in interest. This Agreement is the entire agreement between the parties, and supersedes all previous oral and written representations, agreements and understandings between the parties. Except where otherwise in direct conflict with Florida Statutes Section 768.28, the School District and the Developer jointly agree to defend and hold County harmless from any claims arising out of this Agreement. [SIGNATURES ON THE FOLLOWING PAGES] 5 16K 3 IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed by their appropriate officials,as of the date first above written. Attest: BOARD OF COUNTY COMMISSIONERS CRYSTAL Ic.KINZJ L, Clerk COLLIER COUNTY,FLORIDA 1 14 ( :L • Ae4YX. By: ��i1l 'itiP i r By: Attest as to Chair fs , Depu Clerk Burt L. Saunders,Chairman signature WY.' Approv.a as to ft and legality: Li _�wW#fir II I. Jeffrey ^F ''I, kow, County Attorney ill Attest: THE SCHOOL DISTRICT OF COLLIER COUNTY,FLORIDA By:: B / Y/� K--( 414e..a4.(d ela Patton, Superintendent/1----- Ste anie Lucarelli, School Board Chair Approved as to form and legality: iCI `0� 1 6L) f Jo �ishbane,District General Counsel 6 16K 3 AVE MARIA DEVELOPMENT,LLLP,a Florida limited liability limited partnership WITNESSES: By: Barron Collier Corporation General Partner Qy4L/ Jvp1 BY: `C . �� Pr t ame: art \ lk#V\ ►c1 Print Nam-: L , ,.t ,.� _ Title: i `' t , ,,A' ,..., . Print Name SAvp>NA.S.. a-tzn11 STATE OF FLORIDA COUNTY OF COLLIER The foregoing instrument was acknowledged before me this 5 day of rtvbiv ,20a,by 61-i C(,!7 (gyp u to ,as �/, Pie e�/- of Barron Collier Corporation, General rtner of Ave Maria Development, LLLP. S/He is personally known to me,or [] has produced driver's license number as identification. ��CC ,,e14 L(, j.Q.,el t/Gt, OTARY Name: yp`i.ICy//4 ro Q1/VQ My Commission Expires: 2/5/20 a/ te.,e;;•c, PRISCYLLA M.OLIVA ic:• ;„n MY COMMISSION#GG 062811 •.4.W EXPIRES:February 5,2021 ."';;gFt°P•• Bonded Thru Notary Pubic Underwriters 7 161( 3 WITNESSES: By: Nu. : e, LLC vL tr4►- B : , . 1LIka. Y Print Name. j-ofY ,_BE Paul Roney,President Print Namet L \Ud Lk ik Ca 2C STATEOFDA Irl/GEI/ (�,- COUNTY OF Cebbfl*R ali%/1 itifiu, T foregoing instrument was acknowledged before me this,>" day of/ J?llia j 20, by 9 , as President of Nua Baile, LLC, General Partner of Ave Maria Development, LLLP. He islKpersonally known to me, or [] has produced driver's license number as identification. 4/n/wea___ ,'.��,,'�°1 0 •: NOTARY PUBLIC LUCIE A. RAMSDELL ,•s••,,. . . • • ..y.,, NOTARY PUBLIC-STATE OF MICHIGAN "Of , .• Name: COUNTY OF WASHTENAW ` r `„ My Commission Expires Jan. 14, 1 �"' ' ` My Commission Expires: Acting in the County of 8 16K 3 EXHIBIT A The Land Commencing at the Northwest corner of Section 32, Township 47 South, Range 29 East.Collier County, Florida. Thence along the west line of said Section 32, South 00°06'58" East 950.41 feet; Thence leaving said west line North 89°53'02" East 2310.17 feet to the POINT OF BEGINNING; Thence North 81°42'41"East 279.14 feet; Thence South 65°34'43"East 80.72 feet; Thence North 89'59'4T East 219.16 feet; Thence North 82°42'28"East 41.19 feet; Thence North 58°02'38" East 138.72 feet; Thence North 41°09'18' East 91.38 feet; Thence North 73°57'36" East 83.05 feet; Thence North 84°51'58"East 305.34 feet-., Thence North 86°38'43"East 343.90 feet OtiA''�>., Thence North 87°28'42" East 503.72 feet; Thence North 88°46'01"East 63.98 feet; Thence South 00°00'00" East 1,261.07 feet; Thence South 86°47'52"East 10.01 feet; Thence 79.38 feet along the arc of a non-tangential circular curve concave northwest having a radius of 50.00 feet through a'central angle of 90°57'52"and being subtended by a chord which bears South 46°07'23"West 7'l,30 feet to a point of cgtmpound curve; Thence 838.99 feet along the arc of a circular curconcave north having a radius of 1,634.00 feet through a central angle of 28°32'44"and being subtended by a chord which bears North 74°07'19"Wes130.34 feet; /Thence North 59°50'5'1.'",West 126.54 feet; y ' Thence 1,204.32 feet along the arc of a circular curve concave south having a radius of 1,016.00 feet through a central angle of 67°54'57"and being subtended by a chord which bears South 86°11'34"West 1,135.04 feet to a point on the east line of those lands as described in Official Records Book 4109, pages 3337-3376, of the public records of Collier County, Florida; Thence along said east line North 00°00'00"West 847.42 feet to the POINT OF BEGINNING. Containing 46.01 acres more or less. Bearings are based on the west line of said Section 32, being South 00°06'58' East. Certificate of authorization#LB-43. 9 161( 3 EXHIBIT B Milestone Developer and School District agree on the scope of work,with an estimated construction budget of $10,000,000. School District and Developer select architect. Developer issues Notice to Proceed to architect. School District and Developer select construction management(CM)firm. Developer delivers schematic design to Schools District. School District completes review of schematic design. Developer delivers final design to School District. School District approves final design. Developer obtains all required permits for building and site construction. Developer solicits guaranteed maximum price(GMP)proposal from CM firm. CM firm submits GMP proposal,with bid tabulation sheet and recommendations for bid selection. School District and Developer negotiate final GMP with CM firm. Developer issues Notice to Proceed to CM firm. Substantial completion. School opens: August 2021* * The date set forth above shall in no event be deemed a guaranty of Completion by such date. Moreover, such date shall be extended and modified due to acts of the School District,acts of God or acts of nature,strikes,material shortages,war,or any other matter not within the exclusive control of Developer. 10