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Agenda 09/24/2024 Item #16B2 (Agreement for the purchase of right-of-way (Parcel 1375FEE) required for the Vanderbilt Beach Road Ext-Phase 2 - Project #60249)9/24/2024 Item # 16.B.2. ID#: 2024-748 Executive Summary Recommendation to approve an Agreement for the purchase of right-of-way (Parcel 1375FEE) required for the Vanderbilt Beach Road Ext – Phase 2 Project (Project No. 60249). Estimated Fiscal Impact: $152,349. OBJECTIVE: To acquire right-of-way needed for the Vanderbilt Beach Road Extension – Phase 2 Project (the “Project”), which will extend Vanderbilt Beach Road from 16th Street NE to Everglades Boulevard; provide sidewalks; a shared use pathway; bike lanes; drainage; and related improvements. CONSIDERATIONS: Collier County is seeking to purchase a fee simple interest in a parcel of right-of-way (Parcel 1375FEE) required for construction of the Project. The improved parent tract is owned by Gay Leonard and is located on the south side of 12th Ave NE. Parcel 1375FEE is 0.75 acres in extent and rectangular in shape. The attached appraisal report prepared by RKL Appraisal and Consulting, dated June 10, 2024, estimates the full compensation amount for Parcel 1375FEE to be $118,200. The attached Purchase and Sale Agreement reflects a negotiated compensation amount of $143,500 plus statutory attorney fees in the amount of $8,349. If this parcel is not acquired by negotiation, it will have to be condemned. Significant risk factors accrue to the County in condemnation actions, including exposure to exorbitant damages claims and liability for payment of additional attorney and expert witness fees and costs. Staff accordingly recommends that the Board of County Commissioners approve the Agreement, as a better result is not expected if Parcel 1375FEE is condemned. This item is consistent with the Collier County strategic plan objective to design and maintain an effective transportation system to reduce traffic congestion and improve the mobility of our residents and visitors. FISCAL IMPACT: Funds of $152,349 are required, being the compensation amount of $143,500, attorney fees of $8,349, and estimated closing and recording fees of $500. The primary funding source for the acquisition of right-of- way is impact fees. Should impact fees not be sufficient within a particular project, the secondary funding source will be gas taxes. No maintenance costs are anticipated until such time as the Project is constructed. GROWTH MANAGEMENT IMPACT: The recommendation is consistent with the Long-Range Transportation Plan and Objective 1 of the Transportation Element of the Collier County Growth Management Plan to maintain the major roadway system at an acceptable Level of Service. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney’s Office. If the County needs to acquire this right-of-way by eminent domain, the costs of acquisition will be significantly greater than the proposed compensation and could lead to substantial project delays and costs. With that noted, this item is approved as to form and legality and requires majority vote for approval. –DDP RECOMMENDATIONS: 1. Approve the attached Agreement and authorize the Chairman to execute same on behalf of the Board; 2. Accept the conveyance of parcel 1375FEE and authorize the County Manager, or her designee, to record the conveyance instrument in the public records of Collier County, Florida; 3. Authorize the payment of all costs and expenses that Collier County is required to pay under the terms of the Agreement to close the transaction; and 4. Authorize the County Manager or her designee to take the necessary measures to ensure the County’s performance in accordance with the terms and conditions of the Agreement. PREPARED BY: Prepared By Robin L. Goldsboro, Property Acquisition Specialist I, Right-of-Way Acquisition, Page 2244 of 4908 Transportation Engineering Division. ATTACHMENTS: 1. Aerial - Parcel 1375FEE 2. Appraisal 1375FEE DOV 05.03.24 3. Purchase and Sale Agreement - 1375FEE Page 2245 of 4908 AERIAL – PARCEL 1375FEE (Vanderbilt Beach Road Extension Phase 2 Project No. 60249) / 12th Ave NE 10th Ave NE PARCEL 1375FEE Page 2246 of 4908 4500 Executive Drive, Suite 230 Naples, FL 34119-8908 Phone: 239-596-0800 www.rklac.com REAL ESTATE APPRAISAL REPORT VANDERBILT BEACH ROAD EXTENSION PHASE II Residential Parcel No. 1375 FEE 12th Avenue NE Naples, Collier County, Florida, 34120 PREPARED FOR: Ms. Lisa Barfield Review Appraiser Collier County Transportation Engineering Division, Right of Way Acquisition 2885 South Horseshoe Drive Naples, FL 34104 EFFECTIVE DATE OF THE APPRAISAL: May 3, 2024 DATE OF THE REPORT: June 10, 2024 REPORT FORMAT: Appraisal Report PREPARED BY: RKL Appraisal and Consulting, PLC RKL File Number: 2024-098 (Parcel No. 1375 FEE) Page 2247 of 4908 4500 Executive Drive, Suite 230 Naples, FL 34119-8908 Phone: 239-596-0800 www.rklac.com June 10, 2024 Ms. Lisa Barfield Collier County Transportation Engineering Division, Right of Way Acquisition 2885 South Horseshoe Drive Naples, FL 34104 Re: Real Estate Appraisal Vanderbilt Beach Road Extension Phase II Parcel No. 1375 FEE 12th Avenue NE, Naples, Collier County, Florida, 34120 RKL File Number: 2024-098 (Parcel No. 1375 FEE) Dear Ms. Barfield: At your request, RKL Appraisal and Consulting, PLC has prepared the accompanying appraisal for the above referenced property. The purpose of the appraisal is to estimate the market value of the fee simple interest in the parent tract before and after the proposed acquisition. The intended users for the assignment are Collier County Transportation Engineering Division, Right of Way Acquisition. The intended use of the appraisal is as a basis of value for determining full compensation to the property owner for the loss of the real estate resulting from the property rights and improvements (if any) which are proposed to be acquired, including all diminution in value to the remainder land and improvements (if any) which can be attributed to the use of, or activity upon, the proposed Fee Simple Acquisition area. We use the appraisal report option of Standards Rule 2-2 of USPAP to report the assignment results. Please reference the appraisal scope section of this report for important information regarding the scope of research and analysis for this appraisal, including property identification, inspection, highest and best use analysis, and valuation methodology. The accompanying appraisal conforms with the Uniform Standards of Professional Appraisal Practice (USPAP), the Code of Professional Ethics and Standards of Professional Appraisal Practice of the Appraisal Institute. The parent tract consists of a vacant parcel of land containing a total of 5.00 acres, or 217,800 square feet. Low density residential uses with limited agricultural uses are permitted under the present Estates (E) zoning designation. Page 2248 of 4908 Ms. Lisa Barfield Collier County Transportation Engineering Division, Right of Way Acquisition June 10, 2024 Page 2 4500 Executive Drive, Suite 230 Naples, FL 34119-8908 Phone: 239-596-0800 www.rklac.com Based on the appraisal described in the accompanying report, subject to the Limiting Conditions and Assumptions, Extraordinary Assumptions and Hypothetical Conditions (if any), it is my opinion that the amount due the property owner, as a result of the loss of real estate resulting from the property rights and improvements (if any) which are proposed to be acquired, including all diminution in value to the remainder land and improvements (if any) which can be attributed to the use of, or activity upon, the proposed Fee Simple Acquisition (Parcel No. 1375 FEE), as of May 3, 2024, is: SUMMARY OF TOTAL COMPENSATION Value of Property Rights Taken: $49,200 Value of Improvements Taken: $0 Severance Damages: $69,000 Net Cost to Cure: $0 TOTAL AMOUNT DUE OWNER: $118,200 The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Respectfully submitted, RKL APPRAISAL AND CONSULTING, PLC Rachel M. Zucchi, MAI, CCIM Florida State-Certified General Real Estate Appraiser RZ2984 rzucchi@rklac.com; Phone 239-596-0801 Page 2249 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II TABLE OF CONTENTS TABLE OF CONTENTS Summary of Important Facts and Conclusions ................................................................. 1 Introduction Information ................................................................................................. 5 Subject Identification ................................................................................................... 5 Current Ownership and Property History ..................................................................... 5 Appraisal Scope........................................................................................................... 5 Client, Intended User, and Intended Use ...................................................................... 6 Definition of Market Value .......................................................................................... 6 Definition of Just Compensation .................................................................................. 6 Definition of Property Rights Appraised ...................................................................... 6 Purpose of Appraisal, Property Rights Appraised, and Dates ....................................... 6 Scope of Work............................................................................................................. 6 Market Area Analysis .................................................................................................. 8 Property Description and Analysis ................................................................................. 12 Site Analysis - Parent Tract ....................................................................................... 12 Real Estate Taxes and Assessments ........................................................................... 20 Highest and Best Use ................................................................................................. 21 Valuation Methodology ................................................................................................. 23 Analyses Applied ...................................................................................................... 24 Land Value ................................................................................................................ 25 Valuation Analysis of Part Taken and Remainder Property ............................................ 32 Description of Part Taken .......................................................................................... 32 Value Analysis Proposed Property Rights Taken ....................................................... 35 Valuation Analysis of Remainder Property As Severed ................................................. 36 Description of Remainder Property as Severed .......................................................... 36 Value Analysis Remainder Property As Severed ........................................................ 36 Severance Damages to the Remainder Property ......................................................... 39 Cost to Cure Analysis ................................................................................................ 39 Special Benefits Analysis .......................................................................................... 39 Summary and Conclusion .......................................................................................... 40 Certification .................................................................................................................. 41 Assumptions and Limiting Conditions ........................................................................... 43 Addenda Appraiser Qualifications ................................................................................ Addendum A Property Information ..................................................................................... Addendum B Comparable Data .......................................................................................... Addendum C Page 2250 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS Page 1 SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS GENERAL Subject: Vanderbilt Beach Road Extension Phase II 12th Avenue NE, Naples, Collier County, Florida, 34120 Owner: Gay Leonard Intended Use: The intended use is as a basis of value for determining full compensation to the property owner for the loss of the real estate resulting from the property rights and improvements (if any) which are proposed to be acquired, including all diminution in value to the remainder land and improvements (if any) which can be attributed to the use of, or activity upon, the proposed Fee Simple Acquisition area. Intended User(s): Collier County Transportation Engineering Division, Right of Way Acquisition PARENT TRACT BEFORE THE TAKING Current Use: Vacant Estates (E) zoned land. Legal Description: Tract 110, Golden Gate Estates, Unit No. 75, according to the plat thereof recorded in Plat Book 5, Pages 11 and 12 of the Public Records of Collier County, Florida. Tax Identification: 40578520001 Land Area: Total: 5.0000 acres; 217,800 square feet Shape: The site is roughly rectangular. Flood Zone: Zone AH and X Zoning: E - Estates Highest and Best Use As Vacant Single-family residential development VALUE INDICATIONS BEFORE THE TAKING Land Value: $325,000 Improvements: $0 Total Market Value of Parent Tract: $325,000 Effective Date(s) May 3, 2024 Property Rights Fee Simple The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Page 2251 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS Page 2 PART TAKEN Identification: Parcel No. 1375 FEE Intended Use of the Proposed Acquisition: The intended use of the proposed acquisition area is for the extension of Vanderbilt Beach Road. Description: 100 foot wide strip along the southern (rear) property line. Land Area: Total: 0.75758 acres; 33,000 square feet Shape: Rectangular Approximate Dimensions: 100' x 330' Proposed Improvements Taken: The part taken is heavily wooded with natural vegetation. There are no improvements taken. VALUE INDICATIONS PROPOSED PROPERTY RIGHTS AND IMPROVEMENTS TAKEN Property Rights Taken: $49,200 Improvements Taken: $0 Total: $49,200 Effective Date(s) May 3, 2024 VALUE INDICATIONS REMAINDER PROPERTY, AS PART OF THE WHOLE Market Value of the Parent Tract, Before the Taking: $325,000 Less Market Value of the Proposed Part Taken: $49,200 Total Market Value of the Remainder Property, As Part of the Whole: $275,800 Effective Date(s) May 3, 2024 The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Page 2252 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS Page 3 REMAINDER PROPERTY, AFTER THE TAKING Land Area: Total: 4.24242 acres; 184,800 square feet Shape: The site is roughly rectangular. Improvements: The remainder parcel is undeveloped and vegetated. Existing Easements and Encumbrances: The parent tract is encumbered by a 30-foot-wide road right-of-way easement along the northern property line bordering the property's frontage to 12th Ave NE. We are not aware of any other easement, restrictions, or encumbrances that would adversely affect value. However, a current title report was not provided for the purpose of this appraisal. Proposed Acquisition: A fee simple acquisition of 33,000 square feet consisting of a 100 foot wide strip along the southern (rear) property line. Highest and Best Use As Vacant Single-family residential development VALUE INDICATIONS REMAINDER PROPERTY, AFTER THE TAKING Land Value: $206,800 Improvement Value: $0 Total Market Value of Reminder Property: $206,800 Effective Date(s) May 3, 2024 The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Page 2253 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS Page 4 Net Cost to Cure: $0 Special Benefits: $0 The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Value of the Whole $325,000 Less Value of the Part Taken $49,200 Value of the Remainder Property as Part of the Whole $275,800 Value of the Remainder Property as Severed $206,800 Difference (Severance Damages)$69,000 Special Benefits $0 Net Damages $69,000 Severance Damages to the Remainder Property Indicated Value per Acre Acres Indicated Value Rounded Value Total Value Parent Tract Before the Taking Land $65,000 5.00000 $325,000 $325,000 Improvements $0 Total $325,000 Proposed Part Taken - (Parcel No. 1375 FEE) Parcel No. 1375 FEE $65,000 0.75758 $49,242 $49,200 Improvements Taken $0 Total Part Taken $49,200 Remainder Property, as Part of the Whole $275,800 Remainder Property Land Area $48,750 4.24242 $206,818 $206,800 Improvements $0 Total $206,800 Damages $69,000 Special Benefits $0 Net Damages $69,000 Parcel No. 1375 FEE $65,000 0.75758 $49,242 $49,200 Value of Improvements Taken $0 Total $49,200 Net Damages $69,000 Net Cost to Cure $0 Total Amount Due Owner $118,200 Vanderbilt Beach Road Extension Phase II Summary of Total Compensation Page 2254 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II INTRODUCTION INFORMATION Page 5 INTRODUCTION INFORMATION SUBJECT IDENTIFICATION Subject: Vanderbilt Beach Road Extension Phase II 12th Avenue NE, Naples, Collier County, Florida, 34120 Legal Description: Tract 110, Golden Gate Estates, Unit No. 75, according to the plat thereof recorded in Plat Book 5, Pages 11 and 12 of the Public Records of Collier County, Florida. Tax Identification: 40578520001 The parent tract consists of a vacant parcel of land containing a total of 5.00 acres, or 217,800 square feet. Low density residential uses with limited agricultural uses are permitted under the present Estates (E) zoning designation. CURRENT OWNERSHIP AND PROPERTY HISTORY Owner The owner of the property is Gay Leonard. Sale History According to public records, the subject has not sold in an arm’s length transaction in the last three years. Current Listing/Contract(s): The subject is not currently listed for sale, or under contract. To the best of our knowledge, no other sale or transfer of ownership has occurred within the past three years, and as of the effective date of this appraisal, the property is not subject to an agreement of sale or option to buy, nor is it listed for sale. APPRAISAL SCOPE According to the Uniform Standards of Professional Appraisal Practice, it is the appraiser’s responsibility to develop and report a scope of work that r esults in credible results that are appropriate for the appraisal problem and intended user(s). Therefore, the appraiser must identify and consider: ● the client and any other intended users; ● the intended use of the appraiser’s opinions and conclusions; ● the type and definition of value; ● the effective date of the appraiser’s opinions and conclusions; ● subject of the assignment and its relevant characteristics ● assignment conditions ● the expectations of parties who are regularly intended users for similar assignments; and Page 2255 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II INTRODUCTION INFORMATION Page 6 ● what an appraiser’s peer’s actions would be in performing the same or a similar assignment. CLIENT, INTENDED USER, AND INTENDED USE The client and the intended user of the appraisal are Collier County Transportation Engineering Division, Right of Way Acquisition. The intended use is as a basis of value for determining full compensation to the property owner for the loss of the real estate resulting from the property rights and improvements (if any) which are proposed to be acquired, including all diminution in value to the remainder land and improvements (if any) which can be attributed to the use of, or activity upon, the proposed Fee S imple Acquisition area. The appraisal is not intended for any other use or user. DEFINITION OF MARKET VALUE The following market value definition is found in Florida case law, (Florida State Road Dept. v. Stack, 231 So.2d 859 Fla., 1st DCA 1969). “Value, as used in eminent domain statute, ordinarily means amount which would be paid for property on assessing date to willing seller not compelled to sell, by willing purchaser, not compelled to purchase, taking into consideration all uses to which property is adapted and might reasonably be applied.” DEFINITION OF JUST COMPENSATION Just Compensation is defined by The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022) as: “In condemnation, the amount of loss for which a property owner is compensated when his or her property is taken. Just compensation should put the owner in as good a position pecuniarily as he or she would be if the property had not been taken. DEFINITION OF PROPERTY RIGHTS APPRAISED Fee simple estate is defined as an: “Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.” (Source: The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022) PURPOSE OF APPRAISAL, PROPERTY RIGHTS APPRAISED, AND DATES The purpose of the appraisal is to estimate the market value of the fee simple interest in the parent tract before and after the proposed acquisition. The effective date of the subject appraisal is May 3, 2024. The date of the most recent inspection was May 3, 2024. The date of the report is June 10, 2024. SCOPE OF WORK The problem to be solved is to estimate the market value of the fee simple interest in the parent tract before and after the proposed acquisition. Page 2256 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II INTRODUCTION INFORMATION Page 7 SCOPE OF WORK Report Type: This is an Appraisal Report as defined by Uniform Standards of Professional Appraisal Practice under Standards Rule 2-2(a). This format provides a summary or description of the appraisal process, subject and market data and valuation analyses. Property Identification: The subject has been identified by the legal description and the assessors' parcel number. Inspection: An on-site inspection was made by Rachel M. Zucchi on April 18, 2024 and May 3, 2024. An on-site inspection was also made by Asher A. Williams, Professional Wetland Scientist with Tropical Environmental Consultants on April 20, 2024. A letter to the property owner advising of the inspection is included in the addenda of the appraisal. Scott Leonard, the property owner's son and owner of the adjacent property, attended the inspection. Market Area and Analysis of Market Conditions: A complete analysis of market conditions has been made. The appraiser maintains and has access to comprehensive databases for this market area and has reviewed the market for sales and listings relevant to this analysis. Highest and Best Use Analysis: A complete as vacant highest and best use analysis for the subject has been made. Physically possible, legally permissible, and financially feasible uses were considered, and the maximally productive use was concluded. Valuation Analyses Cost Approach: A cost approach was not applied as the subject tract is vacant land. Sales Comparison Approach: A sales approach was applied as typically this is the most appropriate approach for the valuation of vacant land. This approach is applicable to the subject because there is an active market for similar properties and sufficient sales data is available for analysis. Income Approach: An income approach was not applied as the subject is not likely to generate rental income as vacant land. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Comments The individual sections of the report detail the additional research, confirmation, and analysis of relevant data. Page 2257 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II MARKET AREA ANALYSIS Page 8 MARKET AREA ANALYSIS Boundaries The subject is located in the north central part of Collier County in the northwestern portion of the Collier County Rural Estates Planning Community. This surrounding area is generally delineated as follows: North Immokalee and Oil Well Roads South Interstate 75 (Alligator Alley) East Desoto Blvd. West Generally County Road 951 The subject is located in Golden Gate Estates which generally consists of single family homes on acreage parcels. Market Area Access and Linkages Primary access to the area is provided by Interstate 75 (I -75), a major arterial that runs east to Fort Lauderdale and north through Tampa, Florida; I -75 terminates to the north at the US/Canadian Border in Sault Ste. Marie, Michigan. Further access to the area from Interstate75 is by: • State Road 29 (I-75 exit 80) at Miles City. • County Highway 846 (Immokalee Road, I-75 exit 111). • Golden Gate Boulevard Overall, vehicular access is average. Collier Boulevard extends from Immokalee Road to the north and Marco Island to the south. Golden Gate Boulevard West intersects with Collier Boulevard between Vanderbilt Beach Road and Pine Ridge Road. Golden Gate Boulevard West becomes Golden Gate Boulevard East, east of the Wilson Boulevard N. Wilson Boulevard N and Everglades Boulevard N provide access to Immokalee Road from the market area. Desoto Boulevard N provides access to Randall Blvd and Oil Well Rd, both of which connect to Immokalee Road. The Southwest Florida International Airport (RSW) is located about 25+/- miles from the market area; travel time is about 35 to 45 minutes, depending on traffic conditions. The Naples Municipal Airport (APF) is approximately 15+/- miles and 30 to 40 minutes southwest. Downtown Naples is approximately 20+/- miles from the market area and 30 to 40 minutes southwest. Page 2258 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II MARKET AREA ANALYSIS Page 9 Major Employers Major employers in the area include the new NCH Healthcare Northeast located at the northeast quadrant of Immokalee Road and Collier Blvd (CR 951). The freestanding Emergency Room opened in late 2015 and is the first free standing ER facility in Collier County. The two-story building has 19 private patient care room with 75 full-time employees. The complex includes a small rehabilitation center on the ground floor with a separate entrance from the emergency room and the second floor has physician offices. Other employers include the Heritage Bay Government Center, immediately north of NCH Northeast, commercial development within Founders Square, a 55-acre mixed-use development located on the southeast corner of Immokalee Road and Collier Boulevard, and commercial development at Randall Boulevard and Immokalee Road. Demographics / Demand Generators The following table shows the historical, current and projected population, households, housing, and income demographics for the immediate market area defined as a 3 mile radius of the market area. The table was developed using data from STDBOnline.com. Development Activity and Trends The Davis Group, a commercial developer based in Atlanta, commenced development on The Randall at Orangetree, mixed used planned development approved with up to 400 residential units and 150,000 square feet of commercial space at the northeastern corner Page 2259 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II MARKET AREA ANALYSIS Page 10 of Immokalee Road and Fourth Street N.E., Randall Curve area in mid 2022. The development will include an Aldi grocery store, Ace Hardware, NCH Healthcare, Self Storage, McDonalds, AutoZone, and Brickyard Car Wash. Barron Collier Companies and Metro Development Group developed Founders Square, a 55-acre mixed-use development located on the southeast corner of Immokalee Road and Collier Boulevard 2021. The development is anchored by The Pointe, a collection of 10 separate restaurants and other retail tenants. It also includes a 400-unit Class A apartment community, known as The Haldeman; Physicians Regional Medical Group; and StorQuest Self Storage. A new Collier County government center located along the east side of Collier Blvd within the northeast corner of Immokalee Road and Collier Blvd opened in early 2022. The first phase of the Heritage Bay Government Center includes a 22,750 square foot government services building on 7.7 acres the county owns immediately north of NCH Northeast. The county tax collector’s office has the largest space in the one-story building, but satellite offices also will be provided for the property appraiser, supervisor of elections and select services of the clerk of courts. As discussed, the new NCH Healthcare Northeast located at the northeast quadrant of Immokalee Road and Collier Blvd (CR 951) opened in late 2015 and is the first free standing ER facility in Collier County. The two-story building consists of approximately 41,500± square feet. Watercrest Naples Assisted Living and Memory Care, a new 128-unit luxury senior living community opened in 2019 on the north side of Immokalee Road east of Collier Boulevard. A 46,000 square foot Publix opened in March 2017 at the corner of Immokalee Road and Randall Boulevard. The Neighborhood Shoppes at Orangetree development includes a CVS pharmacy, Publix Liquors store, China Palace restaurant, and Diamond Nails salon. Residential growth continues to shift east with Ave Maria now the top-selling single- family residential community in Collier County. The Immokalee Road corridor between Naples and Ave Maria is projected to see thousands of new homes developed in the next few years. Outlook and Conclusions As with the overall Collier County market, the long term economic outlook for Rural Estates is positive. Total population is projected to increase slightly over the next five years and begin a more normalized pattern thereafter. Prior to the coronavirus pandemic, the residential market had stabilized after several years of an expansion period, with sustained growth in demand and increasing construction. Since the coronavirus pandemic, residential demand increased significantly with record sales in 2020 and continued high demand but limited inventory in 2021 and 2022. Inventory increased in 2023 and 2024 YTD as demand declined due to continued Page 2260 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II Page 11 increases in interest rates. Prices continue to increase; however, the rate of increase is declining. Market Area Map Page 2261 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 12 PROPERTY DESCRIPTION AND ANALYSIS SITE ANALYSIS - PARENT TRACT The following description is based on our property inspection, public records, and a sketch and description of the proposed taking dated April 2024 prepared by RWA Engineering. SITE Location: The subject is located along the south side of 12th Avenue NE, west of Everglades Blvd N in Golden Gate Estates. Current Use of the Property: Vacant Estates (E) zoned land. Shape: The site is roughly rectangular. Road Frontage/Access: The subject property has average access with frontage as follows: • 12th Avenue NE: 330 feet The site has an average depth of 660 feet. It is not a corner lot. Visibility: Average Topography: According to the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants (TEC), the site consists of 0.90 acres (18%) wetlands located in the rear of the site. According to the TEC report, there is sufficient space for the location of a single-family residence without wetland impacts. Provided the wetlands are avoided, there will be no need for environmental resource permitting. Soil Conditions: According to the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants, the soil conditions at the subject are typical of the region and adequate to support development. Utilities: Electricity: FP&L Sewer: Septic required Water: Well required Underground Utilities: The site is not serviced by underground utilities Adequacy: The subject's utilities are typical and adequate for the market area. Site Improvements: • Street Lighting: There is no street lighting. • Sidewalks: There are no sidewalks. • Curbs and Gutters: There are drainage swales along each side of 12th Avenue NE. • Curb Cuts: The subject currently has no driveway. • Landscaping: The subject is heavily treed. Flood Zone: The subject is located in an area mapped by the Federal Emergency Land Summary - Parent Tract Before Taking Parcel ID Gross Land Area (Acres) Gross Land Area (Sq Ft) 40578520001 5.0000 217,800 Page 2262 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 13 Management Agency (FEMA). The subject is located in FEMA flood zone AH and X. Zone AH is classified as a flood hazard area. FEMA Map Number: 12021C 0240H FEMA Map Date: May 16, 2012 The subject is partially in a flood zone. The appraiser is not an expert in this matter and is reporting data from FEMA maps. Environmental Issues: Aside from the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants, we were not provided with an environmental assessment report for the purpose of this appraisal. Encumbrance / Easements: The parent tract is encumbered by a 30-foot-wide road right-of-way easement along the northern property line bordering the property's frontage to 12th Ave NE. We are not aware of any other easement, restrictions, or encumbrances that would adversely affect value. However, a current title report was not provided for the purpose of this appraisal. Site Comments: According to the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants (TEC), the site consists of 0.90 acres (18%) wetlands located in the rear of the site. According to the TEC report, there is sufficient space for the location of a single-family residence without wetland impacts. Provided the wetlands are avoided, there will be no need for environmental resource permitting. ZONING Zoning Code E Zoning Authority Collier County Zoning Description Estates; The purpose and intent of the estates district (E) is to provide lands for low density residential development in a semi-rural to rural environment, with limited agricultural activities. In addition to low density residential development with limited agricultural activities, the E district is also designed to accommodate as conditional uses, development that provides services for and is compatible with the low density residential, semi-rural and rural character of the E district. Permitted Uses Includes single-family dwellings, family care facilities (subject to section 5.05.04), essential services (as set forth in section 2.01.03), and schools, public, including educational plants. Current Use Legally Conforming The subject is legal and conforming use. Minimum Lot Area (SF) 2.25 acres Minimum Floor Area (SF) 1,000 Minimum Street Frontage (Feet) 150 Front Set Back Distance (Feet) 75 Rear Set Back Distance (Feet) 75 Side Yard Distance (Feet) 30 feet; 37.5 feet for corner lots along longest side Maximum Density/FAR One dwelling units per 2.25 acres Page 2263 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 14 Maximum Building Height (Feet) 30 Future Land Use Designation Estates Designation - Residential Estates Subdistrict Aerial - Parent Tract Page 2264 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 15 Plat Map - Parent Tract Approximate boundary lines of parent tract shown in blue. Page 2265 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 16 Upland-Wetland Determination Map Page 2266 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SITE ANALYSIS - PARENT TRACT Page 17 Site Photographs 12th Avenue NE – Westerly (Photo Taken on April 18, 2024) 12th Avenue NE – Easterly (Photo Taken on April 18, 2024) Page 2267 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II Page 18 Site Photographs Typical Parent Site View – Southerly (Photo Taken on April 18, 2024) Typical Parent Site View (Photo Taken on April 18, 2024) Page 2268 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II Page 19 Site Photographs Typical Part Taken View (Photo Taken on April 18, 2024) Page 2269 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II REAL ESTATE TAXES AND ASSESSMENTS Page 20 REAL ESTATE TAXES AND ASSESSMENTS The real estate tax assessment of the subject is administered by Collier County. In 2008, Florida voters amended the Constitution to give non-homestead property owners some protection against increases in their annual property tax assessments. As amended, the Florida Constitution now prohibits the assessment of certain non-homestead property from increasing by more than 10% per year. The 10% cap applies to most types of commercial property, including non-homestead residential property (i.e. apartments and other rental property) and nonresidential property (i.e. commercial property and vacant land). The cap was set to expire on January 1, 2019; however, in November 2018 Florida voters amended the Constitution to make the cap permanent. The protection of the 10% cap is lost when there is a change of ownership or control. The property tax identification number and assessed value of the property for tax year 2023 are as follows: ASSESSED VALUES Tax Identification Number 40578520001 Land Assessed Value $162,500 Building Assessed Value $0 10% Assessment Cap -$98,953 Capped Assessed Value $63,547 Rates, Taxes, More Tax Rate 1.92% Ad Valorem Tax Amount $1,223 Special Assessment Amount $0 Special Assessment Comments None Total Tax Liability $1,223 Property Tax Comments The 2022 and 2023 taxes have been paid. The School Board millage is applied to the uncapped assessed value. The tax assessment for subject property is currently $12,709 per acre, or $32,500 per acre excluding the assessment cap. Based on our valuation analysis, the subject’s assessment appears reasonable. Page 2270 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II HIGHEST AND BEST USE Page 21 HIGHEST AND BEST USE Highest and best use may be defined as: The reasonably probable use of property that results in the highest value. The four criteria the highest and best use must meet are legal permissibility, physical possibility, financial feasibility, and maximum productivity. 1 ▪ Physically possible for the land to accommodate the size and shape of the ideal improvement. ▪ Legally permissible under the zoning regulations, building codes, environmental regulations, and other restrictions that apply to the site. A property use that is either currently allowed or most probably allowable. ▪ Financially feasible to generate sufficient income to support the use. ▪ Maximally productive, or capable of producing the highest value from among the permissible, possible, and financially feasible uses. Highest and Best Use As If Vacant Physically Possible The parent tract is 5.0000 acres or 217,800 square feet with 330 feet of frontage along 12th Avenue NE. The parent tract is encumbered by a 30-foot-wide road right-of-way easement along the northern property line bordering the property's frontage to 12th Ave NE. We are not aware of any other easement, restrictions, or encumbrances that would adversely affect value. However, a current title report was not provided for the purpose of this appraisal. According to the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants (TEC), the site consists of 0.90 acres (18%) wetlands located in the rear of the site. According to the TEC report, there is sufficient space for the location of a single-family residence without wetland impacts. Provided the wetlands are avoided, there will be no need for environmental resource permitting. The physical characteristics of the subject tract should reasonably accommodate any use that is not restricted by its size. Aside from the wetlands, there are no known physical reasons that would unusually restrict development. The site is considered to have a functional utility suitable for a variety of uses. Legally Permissible The subject site is zoned Estates (E), which permits uses that include single-family dwellings, family care facilities (subject to section 5.05.04), essential services (as set forth in section 2.01.03), and schools, public, including educational plants. Recognizing 1 The Dictionary of Real Estate Appraisal 7th ed. (Chicago: Appraisal Institute, 2022) Page 2271 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II HIGHEST AND BEST USE Page 22 the principle of conformity, we consider the prevailing land use patterns in the area. Therefore, only single-family uses are given further consideration in determining the highest and best use of the site, as if vacant. Financially Feasible Financial feasibility is an analysis of the ability of a property to generate sufficient income to support the use, or a reasonable probability of producing a positive income stream net of operating expenses, financial costs, and capital amortization. The projected growth in population and employment provide an economic base that supports demand for real estate in the subject neighborhood and for the subject property. These conditions have resulted in increasing property values and should stimulate continued increases within the foreseeable future. Prior to the coronavirus pandemic, the residential market had stabilized after several years of an expansion period, with sustained growth in demand and increasing construction. Since the coronavirus pandemic, residential demand increased significantly with record sales in 2020 and continued high demand but limited inventory in 2021 and 2022. Inventory increased in 2023 and 2024 YTD as demand declined due to continued increases in interest rates. Prices continue to increase; however, the rate of increase is declining. On this basis, barring unforeseen changes in the market, if developed with a well - designed residential product that is appropriately marketed and priced, should be received favorably by the market. Maximally Productive The maximally productive land use yields the highest value of the possible uses. Single- family residential development is the only use that meets the tests of physically possible, legally permissible, and financially feasible. Therefore, single-family residential development is concluded to be the maximally productive and highest and best use of the site. Highest and Best Use as Improved No improvements are situated on the site. Therefore, a highest and best analysis as improved is not applicable. Most Probable Buyer Considering the size, class, and location of the property, the most probable buyer is an owner-user. Page 2272 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II VALUATION METHODOLOGY Page 23 VALUATION METHODOLOGY Three basic approaches may be used to arrive at an estimate of market value. They are: 1. The Cost Approach 2. The Sales Comparison Approach 3. The Income Approach Cost Approach The Cost Approach estimates the current cost to construct the existing structure including an entrepreneurial incentive, depreciation, and the estimated land value. This approach is particularly applicable when the improvements represent the highest and best use of the land and are relatively new. It is also applicable when the property has unique or specialized improvements for which there is little or no sales data from comparable properties. Sales Comparison Approach The Sales Comparison Approach compares sales of similar properties with the subject property. Each comparable sale is adjusted for its inferior or superior characteristics. The values derived from the adjusted comparable sales form a range of value for the subject. By process of correlation and analysis, a final indicated value is derived. This approach is most reliable in an active market, and is least reliable when valuing a property for which no direct comparable sales data is available. Income Approach The Income Approach converts the anticipated flow of future benefits (cash flows and reversion) to a present value estimate through a capitalization and or a discounting process. This approach generally reflects a typical investor’s perception of the relationship between the potential income of a property and its market value. Final Reconciliation The appraisal process concludes with the Final Reconciliation of the values derived from the approaches applied for a single estimate of market value. The reconciliation of the approaches is based on an evaluation of the quantity and quality of the available data in each approach. Furthermore, different properties require different means of analysis and lend themselves to one approach over the others. Page 2273 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II VALUATION METHODOLOGY Page 24 ANALYSES APPLIED A cost analysis was considered and was not developed because the subject tract is vacant land. A sales comparison analysis was considered and was developed because typically this is the most appropriate approach for the valuation of vacant land. This approach is applicable to the subject because there is an active market for similar properties and sufficient sales data is available for analysis. An income analysis was considered and was not developed because the subject is not likely to generate rental income as vacant land. Page 2274 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 25 LAND VALUE The subject’s land value has been developed via the sales comparison approach. Sales Comparison Approach – Land Valuation The Sales Comparison Approach is based on the premise that a buyer would pay no more for a specific property than the cost of obtaining a property with the same quality, utility, and perceived benefits of ownership. It is based on the principles of supply and demand, balance, substitution and externalities. The following steps describe the applied process of the Sales Comparison Approach. • The market in which the subject property competes is investigated; comparable sales, contracts for sale and current offerings are reviewed. • The most pertinent data is further analyzed and the quality of the transaction is determined. • The most meaningful unit of value for the subject property is determined. • Each comparable sale is analyzed and where appropriate, adjusted to equate with the subject property. • The value indication of each comparable sale is analyzed and the data reconciled for a final indication of value via the Sales Comparison Approach. Land Comparables I have researched five comparables for this analysis; these are documented on the following pages followed by a location map and analysis grid. All sales have been researched through numerous sources, inspected and verified by a party to the transaction. For this analysis, we use the price per acre as the appropriate unit of comparison because market participants typically compare sale prices and property values on this basis. Page 2275 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 26 Comparables Map Comp Address Date Price Comp City Acres Price Per Acre Subject 12th Avenue NE 5/3/2024 Subject Naples 5.00 1 SS 8th Ave NE 3/7/2024 $320,000 1 Naples 5.00 $64,000 2 Everglades Blvd & 6th Ave NE 4/25/2024 $250,000 2 Naples 5.15 $48,529 3 4132-4144 10th Ave NE 11/29/2023 $300,000 3 Naples 5.00 $60,000 4 2020 20th AVE NE 4/19/2024 $210,000 4 Naples 2.73 $77,000 5 14th ST NE 3/11/2024 $225,000 5 Naples 2.73 $82,500 Heavily treed parcel located along the south side of 20th Ave NE. There is 0.25 acres of wetlands according to Informal Wetland Determination dated August 16, 2021 prepared by Tropical Environmental Consultants (TEC). According to TEC, the wetlands are located along the eastern border near the center of the site and there is sufficient space for the location of a single-family home without wetland impacts. Construction within a 25' buffer of the wetlands would require a verification of exemption through the DEP. Parcel was puchased in March 2022 for $155,000 and listed in April 2024 for $220,000. Heavily treed parcel located along the west side of 14th St NE. No Informal Wetland Determination on file. Listing agent reported the site was uplands. FDEP map shows freshwater forested/shrub wetland in rear of site. Parcel was listed in January 2023 for $299,000 and reduced multiple times, finally to $248,900 in December 2023. Sale Comments Heavily treed parcel located at the northeast corner of 6th Ave NE and Everglades Blvd N. According to Informal Wetland Determination dated March 1, 2023 prepared by Wetland Consultants the site has 2.99 acres of wetlands (58%) located along the northern border and eastern (rear) portion of the lot. Treed parcel located along the south side of 8th Ave NE. Parcel is located within a slash- pine dominated flatwoods forest and is entirely uplands according to Informal Wetland Determination dated January 25, 2024 prepared by Tropical Environmental Consultants. Parcel was listed in February 2024 for $350,000. Treed parcel located along the south side of 10th Ave NE. Parcel is entirely uplands according to Informal Wetland Determination dated August 9, 2022 prepared by Tropical Environmental Consultants. Parcel was listed in April 2023 for $375,000. Buyer has since split the lot into two 2.50 acre parcels and is building two single-family homes. Page 2276 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 27 Analysis Grid The above sales have been analyzed and compared with the subject property. I have considered adjustments in the areas of: Effective Sale Price This takes into consideration unusual conditions involved in the sale that could affect the sales price, such as excess land, non- realty components, commissions, or other similar factors. Usually the sale price is adjusted for this prior to comparison to the subject. Real Property Rights Property rights dissimilar to the subject which affect value. Financing Terms Favorable or unfavorable seller financing, or assumption of existing financing. Conditions of Sale Circumstances that atypically motivate the buyer or seller, such as 1031 exchange transaction, assemblage, or forced sale. Market Conditions Inflation or deflation since sale date due to economic influences Location Market or submarket area influences on sale price; surrounding land use influences. Physical Characteristics Attributes such as size, shape, utilities, frontage, zoning, etc. On the following page is a sales comparison grid displaying the subject property, the comparables and the adjustments applied. Page 2277 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 28 Name Address City Date Price Acres Acre Unit Price Property Rights Fee Simple 0.0%Fee Simple 0.0%Fee Simple 0.0%Fee Simple 0.0%Fee Simple 0.0% Financing Cash 0.0%Conventional 0.0%Cash 0.0%Cash 0.0%Cash 0.0% Conditions of Sale Arm's length 0.0%Arm's length 0.0%Arm's length 0.0%Arm's length 0.0%Arm's length 0.0% Market Trends Through 5/3/2024 5.0% Location % Adjustment $ Adjustment Acres Frontage / Depth % Adjustment $ Adjustment Topography / Wetlands % Adjustment $ Adjustment Zoning % Adjustment $ Adjustment Net Adjustments Gross Adjustments 330 x 660 330' x 660'330' x 680'330' x 660'180' x 660'180' x 660' 0.0% $83,087 0.0% $58,298 0.0% 0.0% 0%0% $64,489 $77,144$61,264 0% $0 2.1% $0 E - Estates 0% 0% Vegetation / Possible Wetlands (rear) $0 0.0% 0.0%0.0% 20.0% Adjusted Acre Unit Price E - Estates $0 0% $0 Vegetation / 18% Wetlands (side) 5.15 $0 0% $0 5.00 $0 0% 0.8% $0 5.00 0% Similar 0.1% $48,581 0% Adjusted Acre Unit Price $64,489 Average Similar $48,529 Fee Simple Transaction Adjustments Adjusted Acre Unit Price $64,000 $60,000 Naples 12th Avenue NE Everglades Blvd & 6th Ave NE NaplesNaples $60,000 5.00 4132-4144 10th Ave NE 5.00 11/29/2023 $300,000$320,000 5.00 $64,000 5.15 Naples SS 8th Ave NE Everglades Blvd & 6th Ave NE SS 8th Ave NE Comp 2 $48,529 Vanderbilt Beach Road Extension Phase II Land Analysis Grid Comp 1 Comp 4 2020 20th AVE NE Comp 5 4132-4144 10th Ave NE Comp 3 Similar 0% Vegetation / Uplands $0 E - Estates E - Estates $0 E - Estates $61,264 5.00 Vegetation / Uplands $0 0% Naples 2.73 Similar $0 0% $0 Vegetation / 58% Wetlands (rear) $9,716 $0 $0 0%0%20% E - Estates 2020 20th AVE NE $77,000 0.2% $225,000 14th ST NE $210,000 Naples 4/19/2024 2.73 Vegetation / 9% Wetlands (side/center) 2.73 0.7% 3/11/2024 14th ST NE $82,500 $82,500 $77,000 2.73 0% $83,087 Similar 0% $0 $0 0% $0 0.0% 4/25/20245/3/2024 3/7/2024 $250,000 20.0% 0% $77,144 Page 2278 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 29 Comparable Land Sale Adjustments Property Rights All of the comparables transferred in fee simple interest; therefore, no adjustments for property rights are required. Financing All of the comparable sales had market orientated financing or were cash transactions; therefore, no adjustments for financing are required. Conditions of Sale All of the comparable sales were arm’s length transactions; therefore, no adjustments for conditions of sale are required. Economic Trends According to the December 2023 year-end report released by the Naples Area Board of Realtors (NABOR), overall Single-Family closed sales decreased by 11.1% in 2023 as compared with 2022. The median closed price decreased 0.7% and the average closed price decreased 3.3%. According to the March 2024 report, the median closed price for single-family homes is up 7.6% year-to-date while the average closed price is up 8.2% year-to-date. The sales all occurred within the last approximately five months. Based on the preceding analysis and considering underlying land will have a similar trend as single-family homes, a 5.0% average annual adjustment is applied. Location The subject and the comparables are located in Golden Gate Estates. No adjustments for location could be supported; therefore, none are made. Size / Configuration For this analysis, the comparables range in size from 2.73 to 5.15 acres in size. They range from 180' x 660' to 330' x 680'. No adjustments for size could be supported; therefore, none are made. The smaller sizes of Comparables 4 and 5 are considered in the final reconciliation. Topography / Wetlands The subject and the comparables all have heavy vegetation. The subject and Comparables 1, 2, 3, and 4 all have Informal Wetland Determinations showing varying amounts of wetlands. According to the Informal Wetland Determination dated April 20, 2024 prepared by Tropical Environmental Consultants (TEC), the subject site consists of 0.90 acres (18%) wetlands located in the rear of the site. According to the TEC report, there is sufficient space for the location of a single-family residence without wetland impacts. Page 2279 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 30 Provided the wetlands are avoided, there will be no need for environmental resource permitting. Comparables 1 and 3 both have Informal Wetland Determinations showing the sites are entirely uplands. No adjustment could be supported; therefore, none are made. The Informal Wetland Determination for Comparable 2 shows 2.99 acres of wetlands (58%) located along the northern and eastern (rear) portion of the lot. There is sufficient space for the location of the single-family home without wetland impacts. It is adjusted upward for the high percentage of wetlands. The Informal Wetland Determination for Comparable 4 shows 0.25 acres of wetlands (9%) located along the eastern border near the center of the site. There is sufficient space for the location of the single-family home without wetland impacts. No adjustment could be supported; therefore, none is made. No Informal Wetland Determination was on file for Comparable 5. The listing agent reported the site was uplands. The FDEP GIS map for Comparable 5 shows freshwater forested/shrub wetland in the back of the site. Assuming the FDEP GIS map is accurate, there is sufficient space for development of a single-family residence without wetland impacts. No adjustment could be supported; therefore, none is made. Zoning All of the comparables are relatively similar in terms of zoning; therefore, no adjustments are required. Sales Comparison Approach Conclusion – Land Valuation All of the value indications have been considered. Based on the preceding analysis I arrive at my final reconciled per acre value of $65,000. Exposure and Marketing Times Exposure time is always presumed to precede the effective date of the appraisal and is the length of time the subject property would have been exposed for sale in the market had it sold on the effective valuation date at the concluded market value. Marketing time is an estimate of the amount of time it might take to sell a property at the estimated market value immediately following the effective date of value. 5 % Δ 20.13% 0.71% 3.69% Low: Number of Comparables:Unadjusted Adjusted $58,298 $83,087 $68,856 $82,500 $66,406 $48,529 Subject Size: High: Average: Reconciled Final Value: Reconciled Value/Unit Value: Indicated Value: $65,000 5.00 $325,000 $325,000 Land Value Ranges & Reconciled Values Page 2280 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II LAND VALUE Page 31 Based on our review of recent sales transactions for similar properties and our analysis of supply and demand in the local retail market it is our opinion that the probable marketing and exposure time for the parent tract is 6-12 months. Page 2281 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II DESCRIPTION OF PART TAKEN Page 32 VALUATION ANALYSIS OF PART TAKEN AND REMAINDER PROPERTY DESCRIPTION OF PART TAKEN Parcel No. 1375 FEE is a Fee Simple Acquisition for Phase II of the extension of Vanderbilt Beach Road. Phase II extends from 16th Street NE to Everglades Boulevard, approximately 2.00 miles. Plans for Phase II include a new two-lane roadway with a footprint to allow for a four-lane roadway, or a six-lane roadway if required. Other improvements include a new signalized intersection at Everglades Boulevard and new bridge over Golden Gate Main Canal. There will be an 8-foot-high chain-link fence on both sides of the new right-of-way line, concrete sidewalk, asphalt pathway, bike lanes, and other related improvements. The part taken consists of a 100 foot wide strip along the southern (rear) property line. Land Area: 0.75758 acres; 33,000 square feet Shape: Rectangular Approximate Dimensions: 100' x 330' Proposed Improvements Taken: The part taken is heavily wooded with natural vegetation. There are no improvements taken. Page 2282 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II DESCRIPTION OF PART TAKEN Page 33 Aerial - Part Taken Approximate boundary lines of part taken shown in blue. Page 2283 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II DESCRIPTION OF PART TAKEN Page 34 Sketch and Legal Description of Proposed Part Taken Page 2284 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II VALUE ANALYSIS PROPOSED PROPERTY RIGHTS TAKEN Page 35 VALUE ANALYSIS PROPOSED PROPERTY RIGHTS TAKEN The market value of the fee simple interest of the parent tract was previously estimated via the Sales Comparison Approach to have a unit value of $65,000 per gross acre. The part taken is valued as part of the whole; therefore, this value will serve as a basis of value for the valuation of the property rights taken. As previously stated, Parcel No. 1375 FEE is a Fee Simple Acquisition for the extension of Vanderbilt Beach Road from 16th Street NE to Everglades Boulevard. Fee simple estate is defined as an: “Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat.” (Source: The Dictionary of Real Estate Appraisal, 7th ed. (Chicago: Appraisal Institute, 2022) Therefore, Parcel No. 1375 FEE includes 100% of the fee simple value. Value of Improvements Taken The concluded value of the Land and Property Rights Taken is shown in the following table. The part taken is heavily wooded with natural vegetation. There are no improvements taken. The valuation of the remainder property, as part of the whole is shown in the following table. VALUE INDICATIONS REMAINDER PROPERTY, AS PART OF THE WHOLE Market Value of the Parent Tract, Before the Taking: $325,000 Less Market Value of the Proposed Part Taken: $49,200 Total Market Value of the Remainder Property, As Part of the Whole: $275,800 Effective Date(s) May 3, 2024 Indicated Value per Acre Acres Indicated Value Rounded Value Total Value Proposed Part Taken - (Parcel No. 1375 FEE) Parcel No. 1375 FEE $65,000 0.75758 $49,242 $49,200 Improvements Taken $0 Total $49,200 Value Indications Proposed Property Rights and Improvements Taken Page 2285 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II DESCRIPTION OF REMAINDER PROPERTY AS SEVERED Page 36 VALUATION ANALYSIS OF REMAINDER PROPERTY AS SEVERED DESCRIPTION OF REMAINDER PROPERTY AS SEVERED The remainder property will consist of 4.24242 acres or 184,800 square feet. The remainder property will consist of a similar shape as before the taking, since the part taken consists of a rectangular strip along the southern (rear) property line. The remainder property’s overall access, easements, availability to utilities, topography, land use designation, and zoning are unchanged. REMAINDER PROPERTY, AFTER THE TAKING Land Area: Total: 4.24242 acres; 184,800 square feet Shape: The site is roughly rectangular. Road Frontage/Access: The remainder property has average access with frontage as follows: • 12th Avenue NE: 330 feet The site has an average depth of approximately 560 feet. It is not a corner lot. Improvements: The remainder parcel is undeveloped and vegetated. Proposed Acquisition: A fee simple acquisition of 33,000 square feet consisting of a 100 foot wide strip along the southern (rear) property line. Highest and Best Use As Vacant Single-family residential development VALUE ANALYSIS REMAINDER PROPERTY AS SEVERED After the taking, the parent tract will have the same frontage of 330 feet with a reduced depth of 560 feet. The remainder parcel will have new rear yard frontage along the northerly right-of-way of the proposed Vanderbilt Beach Road Extension. There will be an 8-foot-high chain-link fence on both sides of the new right-of-way line, concrete sidewalk, asphalt pathway, bike lanes, and other related improvements. The remainder parcel will not have vehicular access to Vanderbilt Beach Road Extension. I conducted the following paired sales analysis of residential land sales (sale dates ranging from December 2020 to August 2023) with rear yard frontage along Vanderbilt Beach Road and Pine Ridge Road versus similar paired land sales (sale dates ranging from September 2020 to May 2024) located nearby without busy road rear yard frontage. Three active listings without busy road rear yard frontage were also included in the August 2023 data set. The sales were adjusted for time, size and wetlands. The active listings were also adjusted for estimated negotiations based on the typical sale to list discounts. Page 2286 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II VALUE ANALYSIS REMAINDER PROPERTY AS SEVERED Page 37 The following table summarizes the findings. As shown, the analysis indicates parcels without busy road rear yard frontage have land values ranging from approximately 17% lower than sales with rear yard frontage along a busy road to 72% higher than sales with rear yard frontage along a busy road. The average difference of the three paired sales analyses ranged from approximately 23% to 28% higher than sales with rear yard frontage along a busy road. The overall average was approximately 25% higher and the median was approximately 26% higher than sales with rear yard frontage along a busy road. Based on the preceding analysis, I conclude to a 25% diminution in value due to the remainder property having new rear yard frontage along the proposed Vanderbilt Beach Road Extension. I previously estimated the fee simple market value of the parent tract at $65,000 per acre. Therefore, I conclude to a final reconciled per acre value of $48,750 ($65,000 - $16,250) for the remainder property. MLS Parcel No.Address Rear Frontage Date Price Acres $/Acre Time Diff (Mos.) Timing Adj Time Adjusted $/Acre Listing Adj Size Adj Wetland Adj Adjusted $/Acre % Difference 223010497 36665280006 4221 7th Ave NW Vanderbilt Beach Rd 8/11/2023 $800,000 2.95 $271,186 N/A $271,186 $271,186 223058563 41826080001 5211 CORAL WOOD DR None 10/3/2023 $370,000 1.59 $232,704 1.77 0.74%$231,004 0.00%-20.00%20.00%$231,004 -14.82% 223010712 41829440004 5040 CHERRY WOOD DR None 4/14/2023 $580,000 2.81 $206,406 -3.97 1.65%$209,817 0.00%0.00%80.00%$377,671 39.27% 223047542 41829880004 CORAL WOOD DR None 12/22/2023 $560,000 1.59 $352,201 4.43 1.85%$345,813 0.00%-20.00%20.00%$345,813 27.52% 224033814 41822840009 5384 CORAL WOOD DR None 5/3/2024*$459,000 1.14 $402,632 8.87 3.69%$388,287 -3.00%-20.00%20.00%$376,638 38.89% 224038413 81740000143 4871 MAHOGANY RIDGE DR None 5/3/2024*$649,000 2.28 $284,649 8.87 3.69%$274,508 -10.00%0.00%80.00%$466,663 72.08% 223090949 38395600006 SYCAMORE DR None 5/3/2024*$800,000 2.26 $353,982 8.87 3.69%$341,371 -3.00%0.00%0.00%$331,129 22.10% 224032446 41828960006 5080 HICKORY WOOD DR None 5/15/2024 $601,000 2.73 $220,147 9.27 3.86%$211,962 0.00%0.00%50.00%$317,944 17.24% 223030664 25765000045 4751 1ST AVE SW None 6/6/2023 $662,500 3.07 $215,798 -2.20 0.92%$217,776 0.00%0.00%5.00%$228,665 -15.68% 223005914 38287900403 MAHOGANY RIDGE DR None 7/26/2023 $975,000 2.82 $345,745 -0.53 0.22%$346,513 0.00%0.00%0.00%$346,513 27.78% *Asking price as of May 3, 2024 Average 23.82% MLS Parcel No.Address Rear Frontage Date Price Acres $/Acre Time Diff (Mos.)Timing Adj Time Adjusted $/Acre Size Adj Wetland Adj Adjusted $/Acre % Difference 221018607 38342840000 5665 Napa Woods Way Pine Ridge Rd 6/29/2021 $310,000 2.53 $122,530 N/A $122,530 $122,530 219078627 41829440004 5040 CHERRYWOOD DR None 6/14/2021 $290,000 2.81 $103,203 -0.50 1.25%$104,493 0%80%$188,087 53.50% 220070263 36660120103 4696 3RD AVE NW None 3/16/2021 $300,000 2.27 $132,159 -3.50 8.75%$143,722 0%0%$143,722 17.30% 220001337 36667140005 4106 3RD AVE NW None 4/9/2021 $300,000 2.50 $120,000 -2.70 6.75%$128,100 0%20%$153,720 25.46% 221025805 36664800102 4248 1ST AVE NW None 7/2/2021 $310,000 2.27 $136,564 0.10 0.25%$136,223 0%20%$163,468 33.41% 221052982 36665800101 4155 1ST AVE NW None 10/8/2021 $340,000 2.50 $136,000 3.37 8.42%$125,442 0%0%$125,442 2.38% 221054132 36610040107 4710 7TH AVE SW None 10/22/2021 $380,000 2.50 $152,000 3.83 9.58%$138,707 0%5%$145,643 18.86% 221039052 36664640003 4290 5TH AVE NW None 6/29/2021 $385,000 2.50 $154,000 0.00 0.00%$154,000 0%0%$154,000 25.68% 221059962 36613960103 7TH AVE SW None 10/19/2021 $450,000 2.58 $174,419 3.73 9.33%$159,529 0%0%$159,529 30.20% 221012721 81740000062 + 81740000143 4861 MAHOGANY RIDGE DR None 6/25/2021 $570,000 4.56 $125,000 -0.13 0.33%$125,417 20%20%$175,583 43.30% 221021386 36665800004 1ST AVE NW None 5/13/2021 $620,000 5.00 $124,000 -1.57 3.92%$128,857 20%0%$154,628 26.20% Average 27.63% MLS Parcel No.Address Rear Frontage Date Price Acres $/Acre Time Diff (Mos.)Timing Adj Time Adjusted $/Acre Size Adj Wetland Adj Adjusted $/Acre % Difference 220007094 41823520001 5311 Cherry Wood Dr Vanderbilt Beach Road 12/15/2020 $245,000 3.46 $70,809 N/A $70,809 $70,809 220070263 36660120103 4696 3RD AVE NW None 3/16/2021 $300,000 2.27 $132,159 3.03 4.55%$126,407 0%-40%$75,844 7.11% 220056602 36665840103 4152 1ST AVE NW None 9/22/2020 $220,000 2.34 $94,017 -2.80 4.20%$97,966 0%-40%$58,779 -16.99% 220041452 41829480006 5042 CHERRY WOOD DR None 11/2/2020 $220,000 2.34 $94,017 -1.43 2.15%$96,038 0%0%$96,038 35.63% 217057116 56340000028 5381 MAHOGANY RIDGE DR None 11/6/2020 $425,000 2.58 $164,729 -1.30 1.95%$167,941 0%-30%$117,559 66.02% 220053016 38280280007 5567 TAMARIND RIDGE DR None 12/16/2020 $618,000 4.27 $144,731 0.03 0.05%$144,658 0%-40%$86,795 22.58% 220062316 38285680000 5043 PALMETTO WOODS DR None 2/12/2021 $435,000 2.73 $159,341 1.97 2.95%$154,775 0%-40%$92,865 31.15% 220079870 36663400105 4421 5TH AVE NW None 2/10/2021 $215,000 2.50 $86,000 1.90 2.85%$83,617 0%0%$83,617 18.09% 221007261 41821520003 430 LOGAN BLVD N None 2/19/2021 $130,000 1.17 $111,111 2.20 3.30%$107,562 -20%0%$86,049 21.52% 220067812 36664800102 4248 1ST AVE NW None 2/23/2021 $215,000 2.27 $94,714 2.33 3.50%$91,511 0%-5%$86,935 22.77% Average 23.10% MLS Parcel No.Address Date Sold Price Acres $/Acre Rear Frontage Min Difference Avg Difference Max Difference Lanes 223010497 36665280006 4221 7th Ave NW 8/11/2023 $800,000 2.95 $271,186 Vanderbilt Beach Rd -15.68%23.82%72.08%Six-Lane 221018607 38342840000 5665 Napa Woods Way 6/29/2021 $310,000 2.53 $122,530 Pine Ridge Rd 2.38%27.63%53.50%Six-Lane 220007094 41823520001 5311 Cherry Wood Dr 12/16/2020 $245,000 3.46 $70,809 Vanderbilt Beach Rd -16.99%23.10%66.02%Six-Lane Overall -16.99%24.95%72.08% Page 2287 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II VALUE ANALYSIS REMAINDER PROPERTY AS SEVERED Page 38 Value of Remainder Improvements The part taken is heavily wooded with natural vegetation. There are no remainder improvements. The concluded value of the Remainder Property is shown in the following table. Indicated Value per Acre Acres Indicated Value Rounded Value Total Value Remainder Property Land Area $48,750 4.24242 $206,818 $206,800 Improvements $0 Total $206,800 Value Indications Remainder Property, After the Taking Page 2288 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SEVERANCE DAMAGES TO THE REMAINDER PROPERTY Page 39 SEVERANCE DAMAGES TO THE REMAINDER PROPERTY Severance damages are calculated as the negative difference between the value of the remainder property, as part of the whole, and the value of the remainder property, as severed. When the value of the remainder property, as severed, is less than the value of the remainder property, as part of the whole, the difference is the actual measurement of the damages to the remainder property. When the value of the remainder property, as severed, is greater than the value of the remainder property, as part of the whole, the difference is not damage but is considered a benefit. Severance damages are calculated in the following table. COST TO CURE ANALYSIS Based on the analysis of the remainder property, there is no net cost to cure. SPECIAL BENEFITS ANALYSIS Based on the analysis of the remainder property, there are no special benefits. Value of the Whole $325,000 Less Value of the Part Taken $49,200 Value of the Remainder Property as Part of the Whole $275,800 Value of the Remainder Property as Severed $206,800 Difference (Severance Damages)$69,000 Special Benefits $0 Net Damages $69,000 Severance Damages to the Remainder Property Page 2289 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II SUMMARY AND CONCLUSION Page 40 SUMMARY AND CONCLUSION Based on the data and analyses developed in this appraisal, I have reconciled to the following value conclusion(s), as of May 3, 2024, subject to the Limiting Conditions and Assumptions of this appraisal. The value conclusion(s) are subject to the following hypothetical conditions and extraordinary conditions. These conditions may affect the assignment results. Hypothetical Conditions: It is a hypothetical condition the proposed acquisition and the proposed roadway improvements have been completed as of the effective date of the appraisal. Extraordinary Assumptions: None. Indicated Value per Acre Acres Indicated Value Rounded Value Total Value Parent Tract Before the Taking Land $65,000 5.00000 $325,000 $325,000 Improvements $0 Total $325,000 Proposed Part Taken - (Parcel No. 1375 FEE) Parcel No. 1375 FEE $65,000 0.75758 $49,242 $49,200 Improvements Taken $0 Total Part Taken $49,200 Remainder Property, as Part of the Whole $275,800 Remainder Property Land Area $48,750 4.24242 $206,818 $206,800 Improvements $0 Total $206,800 Damages $69,000 Special Benefits $0 Net Damages $69,000 Parcel No. 1375 FEE $65,000 0.75758 $49,242 $49,200 Value of Improvements Taken $0 Total $49,200 Net Damages $69,000 Net Cost to Cure $0 Total Amount Due Owner $118,200 Vanderbilt Beach Road Extension Phase II Summary of Total Compensation Page 2290 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II CERTIFICATION Page 41 CERTIFICATION I certify that, to the best of my knowledge and belief: 1. The statements of fact contained in this report are true and correct. 2. The reported analyses, opinions and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal, unbiased professional analyses, opinions and conclusions. 3. I have no present or prospective interest in the property that is the subject of this report, and have no personal interest with respect to the parties involved. 4. I have no bias with respect to the property that is the subject of this report or to the parties involved with this assignment. 5. Our engagement in this assignment was not contingent upon developing or reporting predetermined results. 6. Our compensation for completing this assignment is not contingent upon the development or reporting of a predetermined value or direction in value that favors the cause of the client, the amount of the value opinion, the attainment of a stipulated result, or the occurrence of a subsequent event directly related to the intended use of this appraisal. 7. The reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the requirements of the Code of Professional Ethics & Standards of Professional Appraisal Practice of the Appraisal Institute. 8. My reported analyses, opinions, and conclusions were developed, and this report has been prepared, in conformity with the Uniform Standards of Professional Appraisal Practice 9. The use of this report is subject to the requirements of the Appraisal Institute relating to review by its duly authorized representatives. 10. Rachel M. Zucchi, MAI, CCIM has made an inspection of the subject property. 11. No one provided significant real property appraisal assistance to the person signing this certification. 12. We have experience in appraising properties similar to the subject and are in compliance with the Competency Rule of USPAP. Page 2291 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II CERTIFICATION Page 42 13. This appraisal is not based on a requested minimum valuation, a specific valuation, or the approval of a loan. 14. We have not relied on unsupported conclusions relating to characteristics such as race, color, religion, national origin, gender, marital status, familial status, age, receipt of public assistance income, handicap, or an unsupported conclusion that homogeneity of such characteristics is necessary to maximize value. 15. Rachel M. Zucchi, MAI, CCIM has not performed any services, as an appraiser or in any other capacity, regarding the property that is the subject of this report within the three-year period immediately preceding acceptance of this assignment. 16. As of the date of this report, Rachel M. Zucchi, MAI, CCIM has completed the continuing education program for Designated Members of the Appraisal Institute. Rachel M. Zucchi, MAI, CCIM Florida State-Certified General Real Estate Appraiser RZ2984 rzucchi@rklac.com; Phone 239-596-0801 Page 2292 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ASSUMPTIONS AND LIMITING CONDITIONS Page 43 ASSUMPTIONS AND LIMITING CONDITIONS This appraisal is based on the following assumptions, except as otherwise noted in the report. 1. The title is marketable and free and clear of all liens, encumbrances, encroachments, easements and restrictions. The property is under responsible ownership and competent management and is available for its highest and best use. 2. There are no existing judgments or pending or threatened litigation that could affect the value of the property. 3. There are no hidden or undisclosed conditions of the land or of the improvements that would render the property more or less valuable. Furthermore, there is no asbestos in the property. 4. The revenue stamps placed on any deed referenced herein to indicate the sale price are in correct relation to the actual dollar amount of the transaction. 5. The property is in compliance with all applicable building, environmental, zoning, and other federal, state and local laws, regulations and codes. 6. The information furnished by others is believed to be reliable, but no warranty is given for its accuracy. This appraisal is subject to the following limiting conditions, except as otherwise noted in the report. 1. An appraisal is inherently subjective and represents our opinion as to the value of the property appraised. 2. The conclusions stated in our appraisal apply only as of the effective date of the appraisal, and no representation is made as to the effect of subsequent events. 3. No changes in any federal, state or local laws, regulations or codes (including, without limitation, the Internal Revenue Code) are anticipated. 4. No environmental impact studies were either requested or made in conjunction with this appraisal, and we reserve the right to revise or rescind any of the value opinions based upon any subsequent environmental impact studies. If any environmental impact statement is required by law, the appraisal assumes that such statement will be favorable and will be approved by the appropriate regulatory bodies. 5. Unless otherwise agreed to in writing, we are not required to give testimony, respond to any subpoena or attend any court, governmental or other hearing with reference to the property without compensation relative to such additional employment. 6. We have made no survey of the property and assume no responsibility in connection with such matters. Any sketch or survey of the property included in this report is for illustrative purposes only and should not be considered to be Page 2293 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ASSUMPTIONS AND LIMITING CONDITIONS Page 44 scaled accurately for size. The appraisal covers the property as described in this report, and the areas and dimensions set forth are assumed to be correct. 7. No opinion is expressed as to the value of subsurface oil, gas or mineral rights, if any, and we have assumed that the property is not subject to surface entry for the exploration or removal of such materials, unless otherwise noted in our appraisal. 8. We accept no responsibility for considerations requiring expertise in other fields. Such considerations include, but are not limited to, legal descriptions and other legal matters such as legal title, geologic considerations such as soils and seismic stability, and civil, mechanical, electrical, structural and other engineering and environmental matters. 9. The distribution of the total valuation in the report between land and improvements applies only under the reported highest and best use of the property. The allocations of value for land and improvements must not be used in conjunction with any other appraisal and are invalid if so used. The appraisal report shall be considered only in its entirety. No part of the appraisal report shall be utilized separately or out of context. 10. Neither all nor any part of the contents of this report (especially any conclusions as to value, the identity of the appraisers, or any reference to the Appraisal Institute) shall be disseminated through advertising media, public relations media, news media or any other means of communication (including without limitation prospectuses, private offering memoranda and other offering material provided to prospective investors) without the prior written consent of the person signing the report. 11. Information, estimates and opinions contained in the report, obtained from third- party sources are assumed to be reliable and have not been independently verified. 12. Any income and expense estimates contained in the appraisal report are used only for the purpose of estimating value and do not constitute predictions of future operating results. 13. If the property is subject to one or more leases, any estimate of residual value contained in the appraisal may be particularly affected by significant changes in the condition of the economy, of the real estate industry, or of the appraised property at the time these leases expire or otherwise terminate. 14. No consideration has been given to personal property located on the premises or to the cost of moving or relocating such personal property; only the real property has been considered. 15. The current purchasing power of the dollar is the basis for the value stated in our appraisal; we have assumed that no extreme fluctuations in economic cycles will occur. 16. The value found herein is subject to these and to any other assumptions or conditions set forth in the body of this report but which may have been omitted from this list of Assumptions and Limiting Conditions. Page 2294 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ASSUMPTIONS AND LIMITING CONDITIONS Page 45 17. The analyses contained in the report necessarily incorporate numerous estimates and assumptions regarding property performance, general and local business and economic conditions, the absence of material changes in the competitive environment and other matters. Some estimates or assumptions, however, inevitably will not materialize, and unanticipated events and circumstances may occur; therefore, actual results achieved during the period covered by our analysis will vary from our estimates, and the variations may be material. 18. The Americans with Disabilities Act (ADA) became effective January 26, 1992. We have not made a specific survey or analysis of any property to determine whether the physical aspects of the improvements meet the ADA accessibility guidelines. In as much as compliance matches each owner’s financial ability with the cost to cure the non-conforming physical characteristics of a property, we cannot comment on compliance to ADA. Given that compliance can change with each owner’s financial ability to cure non-accessibility, the value of the subject does not consider possible non -compliance. A specific study of both the owner’s financial ability and the cost to cure any deficiencies would be needed for the Department of Justice to determine compliance. 19. The appraisal report is prepared for the exclusive benefit of the Client, its subsidiaries and/or affiliates. It may not be used or relied upon by any other party. All parties who use or rely upon any information in the report without our written consent do so at their own risk. 20. No studies have been provided to us indicating the presence or absence of hazardous materials on the subject property or in the improvements, and our valuation is predicated upon the assumption that the subject property is free and clear of any environment hazards including, without limitation, hazardous wastes, toxic substances and mold. No representations or warranties are made regarding the environmental condition of the subject property and the person signing the report shall not be responsible for any such environmental conditions that do exist or for any engineering or testing that might be required to discover whether such conditions exist. Because we are not experts in the field of environmental conditions, the appraisal report cannot be considered as an environmental assessment of the subject property. 21. The person signing the report may have reviewed available flood maps and may have noted in the appraisal report whether the subject property is located in an identified Special Flood Hazard Area. We are not qualified to detect such areas and therefore do not guarantee such determinations. The presence of flood plain areas and/or wetlands may affect the value of the property, and the value conclusion is predicated on the assumption that wetlands are non-existent or minimal. 22. RKL Appraisal and Consulting, PLC is not a building or environmental inspector. RKL Appraisal and Consulting, PLC does not guarantee that the subject property is free of defects or environmental problems. Mold may be present in the subject property and a professional inspection is recommended. Page 2295 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ASSUMPTIONS AND LIMITING CONDITIONS Page 46 23. The appraisal report and value conclusion for an appraisal assumes the satisfactory completion of construction, repairs or alterations in a workmanlike manner. 24. The intended use of the appraisal is stated in the General Information section of the report. The use of the appraisal report by anyone other than the Client is prohibited except as otherwise provided. Accordingly, the appraisal report is addressed to and shall be solely for the Client’s use and benefit unless we provide our prior written consent. We expressly reserve the unrestricted right to withhold our consent to your disclosure of the appraisal report (or any part thereof including, without limitation, conclusions of value and our identity), to any third parties. Stated again for clarification, unless our prior written consent is obtained, no third party may rely on the appraisal report (even if their reliance was foreseeable). 25. All prospective value estimates presented in this report are estimates and forecasts which are prospective in nature and are subject to considerable risk and uncertainty. In addition to the contingencies noted in the preceding paragraph, several events may occur that could substantially alter the outcome of our estimates such as, but not limited to changes in the economy, interest rates, and capitalization rates, behavior of consumers, investors and lenders, fire and other physical destruction, changes in title or conveyances of easements and deed restrictions, etc. It is assumed that conditions reasonably foreseeable at the present time are consistent or similar with the future. Page 2296 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDA - APPRAISER QUALIFICATIONS ADDENDA Page 2297 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM A - APPRAISER QUALIFICATIONS ADDENDUM A APPRAISER QUALIFICATIONS Page 2298 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM A - APPRAISER QUALIFICATIONS 4500 Executive Drive, Suite 230 Naples, FL 34119-8908 Phone: 239-596-0800 www.rklac.com RKL Appraisal and Consulting, PLC COMPANY PROFILE: RKL Appraisal and Consulting, PLC was founded in 2009 by three designated Members of the Appraisal Institute. It is our mission to maximize our combined appraisal experience to provide our clients with the highest quality of Real Estate Appraisal and Consulting Services. Rachel M. Zucchi, MAI, CCIM K.C. Lowry, MAI, CPA Louis C. Bobbitt, MAI Partner / Managing Director Partner Senior Partner (Retired) rzucchi@rklac.com klowry@rklac.com lbobbitt@rklac.com BUSINESS FOCUS: Practice is focused on community/neighborhood shopping centers, retail and office buildings, industrial warehouse/distribution buildings, residential and commercial condominium and subdivision projects, hotels and motels, vacant land and special purpose properties. Specialized services include appraisal review, business valuations, market feasibility studies, acquisition/disposition counseling, and litigation support in connection with real estate transactions including bankruptcy, eminent domain, estate valuations, and matrimonial and equitable distribution. Clients served include banks and financial institutions, developers and investors, law firms, government, and property owners. Page 2299 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM A - APPRAISER QUALIFICATIONS PROFESSIONAL QUALIFICATIONS OF Rachel M. Zucchi, MAI, CCIM EXPERIENCE: Partner / Managing Director of RKL Appraisal and Consulting, PLC Naples, FL (2009 – Present) President of D&R Realty Group, Inc. Naples, FL (2009 – Present) Senior Real Estate Analyst, Integra Realty Resources – Southwest Florida Naples, FL (2003 – 2009) Research Associate, Integra Realty Resources – Southwest Florida Naples, FL (2002-2003) PROFESSIONAL ACTIVITIES: Member: President: VP/Secretary/Treasurer: Region X Representative: Board of Directors: Government. Relations: Prof. Standards & Guidance: LDAC Attendee: Member: Member: Licensed: Licensed: Appraisal Institute – MAI Certificate Number 451177 Appraisal Institute Florida Gulf Coast Chapter (2020) Appraisal Institute Florida Gulf Coast Chapter (2017 - 2019) Appraisal Institute Florida Gulf Coast Chapter (2017 - 2022) Appraisal Institute Florida Gulf Coast Chapter (2015 - 2021) Appraisal Institute National (2022) Appraisal Institute National (2023-2024) Leadership Development & Advisory Council Appraisal Institute - Washington, D.C. (2016, 2017, 2018) CCIM Institute - CCIM Designation Pin Number 21042 Naples Area Board of REALTORS Florida State Certified General Real Estate Appraiser License No. RZ 2984 Real Estate Broker (Florida) License No. BK3077672 EXPERT WITNESS: Qualified as an expert witness in the Twentieth Judicial Circuit Court of Collier County and Lee County EDUCATION: Bachelor of Arts, Major in Economics Florida Gulf Coast University, 2002 Graduated Magna Cum Laude Presented at Eastern Economic Association Conference Successfully completed real estate and valuation courses and seminars sponsored by the Appraisal Institute and others. BUSINESS FOCUS: Actively engaged in real estate valuation and consulting since 2003. Practice is focused on community/neighborhood shopping centers, retail and office buildings, industrial warehouse/distribution, multi-family and single-family subdivisions, condominium de velopments, hotels/motels, vacant land and special purpose properties. Specialized services include market feasibility studies and litigation support in connection with real estate transactions. Clients served include banks and financial institutions, developers and investors, law firms, government, and property owners. Valuations have been performed for eminent domain, bankruptcy, estate, matrimonial/equitable distribution, financing, and due diligence support. Page 2300 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM A - APPRAISER QUALIFICATIONS Page 2301 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM B - PROPERTY INFORMATION ADDENDUM B PROPERTY INFORMATION Page 2302 of 4908 $ 0 $ 0 $ 20,500 $ 19,000 $ 0 $ 162,500 $ 0 $ 162,500 $ 98,953 $ 63,547 $ 162,500 $ 63,547 Collier County Proper ty AppraiserProperty Summar y Parcel No 40578520001 Site Address*Disclaimer Site City NAPLES Site Zone*Note 34120 Name / Address LEONARD, GAY 21440 LAGUNA DR City BOCA RATON State FL Zip 33433 Map No.Strap No.Section Township Range Acres  *Estimated 3D31 349000 110 03D31 31 48 28 5 Legal GOLDEN GATE EST UNIT 75 TR 110 Millage Area 138 Millage Rates   *Calculations Sub./Condo 349000 - GOLDEN GATE EST UNIT 75 School Other Total Use Code 0 - VACANT RESIDENTIAL 4.292 8.2697 12.5617 Latest Sales Histor y (Not all Sales are listed due to Confidentiality) Date Book-Page Amount 08/20/18 5544-2927 03/27/98 2402-3190 09/17/96 2229-413 01/01/90 1499-715 10/01/74 603-1763  2023 Certified Tax Roll (Subject to Change) Land Value (+) Improved Value (=) Market Value (-) 10% Non-Homestead Cap (=) Assessed Value (=) School Taxable Value (=) Taxable Value If all Values shown above equal 0 this parcel was created after the Final Tax Roll   Page 2303 of 4908 Collier County Proper ty AppraiserProperty Detail Parcel No 40578520001 Site Address*Disclaimer Site City NAPLES Site Zone*Note 34120 Name / Address LEONARD, GAY 21440 LAGUNA DR City BOCA RATON State FL Zip 33433 Permits (Provided for reference purposes only. *Full Disclaimer. ) Tax Yr Issuer Permit #CO Date Tmp CO Final Bldg Type Land  #Calc Code Units 10 ACREAGE 5  Building/Extra Features  #Year Built Description Area Adj Area Page 2304 of 4908 Page 2305 of 4908 04 23 01 Page 2306 of 4908 4500 Executive Drive, Suite 230 Naples, FL 34119-8908 Phone: 239-596-0800 www.rklac.com April 5, 2024 Gay Leonard 21440 Laguna Drive Boca Raton, FL 33433 Re: Appraisal and Inspection of Folio No. 40578520001, Parcel No. 1375FEE Vanderbilt Beach Rd Extension Phase II, Project #60249 12th Ave NE Naples, FL 34120 Dear Ms. Leonard: As you may be aware, the Collier County Transportation Engineering Division is planning the above referenced road project and has engaged RKL Appraisal and Consulting, PLC to appraise the above referenced property. RKL Appraisal and Consulting and support teams will be conducting a field inspection of the property within the next few weeks. We would like to invite you to the opportunity to be present for the property inspection. Please advise if you would like to attend the inspection. The legal description and sketch of the parcel is being finalized. When completed, it will be available by request from Michelle Sweet, Right of Way Coordinator, Transportation Engineering Division at Michelle.Sweet@colliercountyfl.gov. Additionally, if you have any information regarding the property that you deem applicable to the assignment, please forward it to my attention. Please contact me if you have any questions or comments. Thank you for your cooperation and assistance in this matter. Sincerely, Rachel M. Zucchi, MAI, CCIM Partner | Managing Director State-Certified General Real Estate Appraiser RZ2984 4500 Executive Drive, Suite 230 | Naples, FL 34119 Direct: 239-596-0801 | Cell: 239-398-8715 Page 2307 of 4908        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&##³6WULYLQJ IRU EDODQFH EHWZHHQ KXPDQ XVH DQG WKH HQYLURQPHQW´ VLQFH                     Ͳ/E&KZD> td>E dZD/Ed/KE ;^dW ϭͿͲ &/>/E^Wd/KE E dZWKZd )RU TXHVWLRQV UHJDUGLQJ ZHWODQG GHOLQHDWLRQ SURFHGXUHVWKH QHHG IRU VSHFLDO SHUPLWVRU WR REWDLQ DJHQF\ YHULILFDWLRQ RI WKH ILQGLQJV DQG FRQFOXVLRQV SUHVHQWHG KHUHLQ SULRU WR VLWH SODQQLQJ RU GHYHORSPHQWSOHDVH FRQWDFW 7(& ^ŝƚĞ W/η͗ĐƌĞƐ͗ ŽƵŶƚLJ͗ ĚĚƌĞƐƐ͗ ^ƵďĚŝǀŝƐŝŽŶͬůĞŐĂů͗ ZĞƉŽƌƚ ĂƵƚŚŽƌŝnjĞĚ ƚŽ ;>/EdϭͿ͗ ŐĞŶƚ͗     /ŶƐƉĞĐƚŝŽŶ ĚĂƚĞ͗ /ŶƐƉĞĐƚĞĚ ďLJ͗ WƌŝŽƌ ĂŐĞŶĐLJ ŚŝƐƚŽƌLJ ŝĚĞŶƚŝĨŝĞĚ͗ EK z^͗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ollier NAPLES FL 34120 GOLDEN GATE EST UNIT 75 TR 110 RKL APPRAISAL AND CONSULTING, PLC 20 APRIL 2024 Asher Williams ✔ 0.90 ✔ N/A ✔ N/A REPORT VERSION 4/2021 PID: 40578520001 NOT AUTHORIZED ✔✔ ✔ Page 2308 of 4908 2 1) 3*43 3*43  *, (2 1)( '(  )*+ + ,  !,   - " &ƵƌƚŚĞƌ ĞdžƉůĂŶĂƚŝŽŶ ŽĨ ĞĂĐŚ ĐŽƌƌĞƐƉŽŶĚŝŶŐ ƋƵĞƐƚŝŽŶ ŝƐ ƉƌŽǀŝĚĞĚ ǁŝƚŚŝŶ ƚŚĞ ͞YƵĞƐƚŝŽŶ ĞƚĂŝů͟ ƐŚĞĞƚ Ăƚ ƚŚĞ ĐŽŶĐůƵƐŝŽŶ ŽĨ ƚŚŝƐ ƌĞƉŽƌƚ͘ @*                 !"   # $   %& '( )  @/*I SUHVHQWLV   +"    !          & *  !,   - %  . @7    % ! /% # $& '( ) &200(176 @8 *"    "     $% -,0$010 .  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PROVIDED THE WETLANDS DEPICTED ON THE FOLLOWING MAP ARE AVOIDED, THERE WILL BE NO NEED FOR ENVIRONMENTAL RESOURCE PERMITTING. REPORT VERSION 4/2021 PID: 40578520001 Page 2309 of 4908 ! $"()%!$% *$$'+*#:HWODQG        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&## REPORT VERSION 4/2021 PID: 40578520001 Page 2310 of 4908 ! $"()%!$% *$$'+*# +% sŝĞǁ ŽĨ 6ƉůĂŶĚ        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&## REPORT VERSION 4/2021 PID: 40578520001 Page 2311 of 4908 '(  )*+ + ,  !,   - " hƉůĂŶĚͲtĞƚůĂŶĚ ĞƚĞƌŵŝŶĂƚŝŽŶ DĂƉ ;ĂƉƉƌŽdžŝŵĂƚĞͲ ƐƵďũĞĐƚ ƚŽ ĂŐĞŶĐLJ ǀĞƌŝĨŝĐĂƚŝŽŶͿ        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&## REPORT VERSION 4/2021 PID: 40578520001 Page 2312 of 4908 '(  )*+ + ,  !,   - " ,      '-#        +        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&## REPORT VERSION 4/2021 PID: 40578520001 Page 2313 of 4908 Chapter 62-340, F.A.C. Data FormFDEP SLERC August 2019 § denotes the Rule, subsection, paragraph, or subparagraph referenced from Ch. 62-340, F.A.C. cm 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1. Date:SEE RPRT 2. Staff Present:SEE RPRT 3. Form recorder(s):SEE RPT 4. County:SEE RPRT 5. Site Name:SEE RPRT Tracking #: 6. Point ID:SEE RPRT GPS Coordinates: 7. Distances and bearings from fixed objects (if no GPS):N/A 8. Current condition of described point:Authorized or legal condition Unauthorized or illegal condition 9. Work type: Identification Delineation Point status:Wetland Non-Wetland Surface Water Upland 10. Vegetative Stratum §62-340.400:Using §62-340.400, F.A.C. with reasonable scientific judgment, select the appropriate vegetative stratum. (Do not include FAC species when determining 10% minimum areal extent.) Canopy (Min. 10% areal extent)Subcanopy (Min. 10% areal extent)Groundcover (No min. areal extent) Vegetation Absent (skip to #14) Evaluation Impossible (skip to #14)Why? 11. Plant List §62-340.200(2),(6),(16), §62-340.400, §62-340.450, F.A.C.: As is under current conditions, without considering RSJ 1 or the legality of any alterations: Select and identify plants in an area just large enough to represent and classify the plant community at the described point. Do not extend into different communities or hydrologic conditions. 1. Record the scientific name (binomial) and status of each plant species necessary to identify/delineate and classify the plant community in the selected area. 2. Record the percent areal extent in the canopy, subcanopy, and groundcover columns for each species. 3. For each species present in the stratum selected in #10, transfer the numbers from only that stratum's column into the appropriate status columns. Areal extent estimator: #Binomial of Observed Species Status Canopy Subcanopy Groundcover Upland Facultative Fac.Wet Obligate 1.Cephalanthus occidentalis O 2 2 2.Cornus foemina O 90 90 3.Sabal palmetto F 2 2 4.Telmatoblechnum serrulatum FW 15 5.Boehmeria cylindrica O 15 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Percent areal extent totals for the stratum selected in question 10 0 2 0 92 12. In the stratum selected in #10: What is the % areal extent of Obligate plants? 92 What is the % areal extent of Upland plants? 0 Is the areal extent of Obligate plants greater than that of Upland plants?Yes No 13.In the stratum selected in #10:What is the total % areal extent of Obligate & Facultative Wet plants combined?92 What is the total % areal extent of Obligate, Facultative Wet, & Upland plants combined? 92 What is the percentage of OBL + FACW in relation to all plants, excluding FAC? ()100.0%OBL+FACW OBL+FACW+UPL Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 1 of 6 Page 2314 of 4908 Point ID/Location:SEE RPT 14. LRR/MLRA U Textures:Peat, Mucky Peat, Muck, Mucky Mineral (S or F), Sand, Fine, Marl 15.Is a soil profile evaluation possible?Yes No If no, why?(If No, skip to #18) 16. Soil Description:As is under current conditions, without considering RSJ 1 or the legality of any alterations Soil surface, or 0 inch depth for purposes of Chapter 62-340, F.A.C. is the muck or mineral surface (whether natural or fill) Soil describer:SEE RPT Horizon beginning to ending Depth (inches) Matrix Texture moist condition Matrix Hue Value/ Chroma for sandy matrix horizons w/ value ”3: % Organic Coating - Describe soil features:DA (areas darker than matrix),LA (areas lighter than matrix), RC (redox concentrations): Record in moist condition hue value/chroma; % volume in horizon; boundaries (sharp/clear/diffuse); shape (rounded/linear/angular). -OB (organic bodies): Record texture (muck or mucky mineral), % volume in horizon. -H2S (hydrogen sulfide odor): Indicate shallowest depth where detected -Note if horizon is Physically Mixed (PM), Nonsoil (any material not listed in "Textures" above), or Fill and describe. 1 0-8 S 10YR 2/1 80 LA 10YR 6/6 10% ROUND SHARP 2 3 4 5 6 17. Hydric Soil Field Indicators:If present, check all Hydric Soil Field Indicators satisfied 5 All Texture (A1) Histosol* (A2) Histic Epipedon* (A3) Black Histic* (A4) Hydrogen Sulfide* (A5) Stratified Layers* (A6) Organic Bodies (A7) 5cm Mucky Mineral* (A8) Muck Presence* (A9) 1cm Muck* (A11) Depleted Below Dark Surface (A12) Thick Dark Surface 5 Sandy Texture (S4) Sandy Gleyed Matrix* (S5) Sandy Redox ✔ (S6) Stripped Matrix (S7) Dark Surface ✔ (S8) Polyvalue Below Surface (S9) Thin Dark Surface (S12) Barrier Islands 1cm Muck 5 Fine Texture (F2) Loamy Gleyed Matrix* (F3) Depleted Matrix (F6) Redox Dark Surface (F7) Depleted Dark Surface (F8) Redox Depression (F10) Marl (F12) Iron-Manganese Masses (F13) Umbric Surface (F22) Very Shallow Dark Surface specify their beginning and ending depths Indicator Present Begin Depth End Depth 1. S7 0 8 2. S5 0 8 3. 4. 5. 6. To combine layers/indicators to meet thickness requirements, see NRCS Hydric Soils Technical Note 4. and * = Stand-alone D Test - both hydric soil and hydrologic indicator 18. Excluding organic horizons, is any nonsoil horizon present at or within the uppermost 12 inches of the ground surface? Yes (e.g. bedrock, rock outcrop, limestone fill, gravel, etc)No Soil profile or site inaccessible 19. Is one or more hydric soil field indicators present?Yes No Inconclusive (e.g., evaluation to 12+ inchesimpeded by disturbance, water,nonsoil, no site access, etc.) If no or inconclusive, is the soil hydric as determined by other NRCS methods? Yes I Which method(s)? (e.g., hydric soil definition, HSTS 2, indicator present at drier elevation, indicator would be present but for disturbance) No Inconclusive I Why? 20. Is the depth of the soil profile 20 inches or greater from the soil surface?Yes No If no, depth of soil profile is:8 inches Why? (e.g., root refusal, nonsoil, water table, loose sand, heavy texture, compaction, weather conditions, inspection interrupted) 21.Observed height or depth of standing water from soil surface:inches Above Below Not Observed Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 2 of 6 Page 2315 of 4908 Point ID/Location:Indicator evaluator: 22.Hydrologic Indicators:As is under current conditions, without considering RSJ 1 or the legality of any alterations Hydrologic Indicators per §62-340.500, F.A.C. (and as applied to §62-340.600, F.A.C.) Present at or near point Predicted during normal high water or wet seasonŠ Within 100 ft waterward of point (not for upland points) 1. Describe the type of all checked indicators. 2. Approximate the distance and compass direction of indicators within 100 ft of the point. 3. For water level indicators (potential indicators denoted by *)note the height from ground surface at the point as well as waterward (with distance from point). ŠOnly for indicators not present due to dry season/drought (1) Algal mats* (2) Aquatic mosses or liverworts* (3) Aquatic plants* (4) Aufwuchs (5) Drift lines and rafted debris* (6) Elevated lichen lines* (7) Evidence of aquatic fauna (8) Hydrologic data*✔ (9) Morphological plant adaptations*✔lenticel expansion (10) Secondary flow channels (11) Sediment deposition* (12) Tussocks or hummocks* (13) Water marks* Highest water level indicator height at point: 8 inches Above Ground Surface Above Soil Surface No Water Level Indicators N/A (described point is Upland) 23.Is one or more hydrologic indicator(s) listed in §62-340.500, F.A.C. present or predicted with normal high water or wet season conditions at the described point?NoYes Evaluation Impossible I Why? 24. Delineation by Wetland Definition §62-340.300(1), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Has a wetland boundary been delineated at the described point? Yes No (If No, skip to #25) b) If yes to 24a, can the boundary be easily delineated using the definition of wetlands?Yes No 25. A & B Test Wetland Criteria §62-340.300(2)(a),(b), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Is the areal extent of Obligate plants in the stratum selected in #10 greater than the areal extent of all Upland plants in that stratum?(See #12)Yes No Vegetation Absent (skip to #25f)Evaluation Impossible (skip to #26a) b) Is the areal extent of Obligate and/or Facultative Wet plants in the stratum selected in #10 equal to or greater than 80% of all the plants in that stratum, excluding Facultative plants?(See #13)Yes No c) Is the soil hydric as identified using standard NRCS definitions and practices?(see #19) Yes No Indeterminable with current conditions I Why? d) Is the substrate composed of riverwash, nonsoil (see #18), rock outcrop-soil complex, or is the substrate located within an artificially created wetland area?Yes No If yes, which condition is present? e)Is one or more of the hydrologic indicators in §62-340.500, F.A.C. present at the described point?(See #23)Yes No f) Are the A Test criteria met per §62-340.300(2)(a), F.A.C. at the described point?Yes No (Note: If yes to 25a and yes to either 25c, 25d, or 25e, A Test criteria are met) g) Are the B Test criteria met per §62-340.300(2)(b), F.A.C. at the described point?Yes No (Note: If yes to 25b and yes to either 25c, 25d, or 25e, B Test criteria are met) h) Are there any alterations or conditions affecting reliable application of the A or B Test such that the Altered Sites Test is more appropriate?Yes No Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 3 of 6 Page 2316 of 4908 26. C Test Wetland Criteria §62-340.300(2)(c), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Per §62-340.300(2)(c), F.A.C. is the described point Pine Flatwoods or Improved Pasture, or does it have drained soils?Yes No If yes, select which of the following are met, then skip to #26d Pine Flatwoods Improved Pasture Drained Soils Pine Flatwoods must have flat terrain, a monotypic or mixed canopy of long leaf pine or slash pine, and a ground cover dominated by saw palmetto with other species that are NOT obligate or facultative wet.Improved Pasture means areas where the dominant native plant community has been replaced with planted or natural recruitment of herbaceous species which are NOT obligate or facultative wet species and which have been actively maintained for livestock through mechanical means or grazing. Drained Soils are those in which permanent alterations, excluding mechanical pumping, preclude the formation of hydric soils. b) Are the soils at the described point saline sands (salt flats-tidal flats),or have they been field verified by NRCS's Keys to Soil Taxonomy (4th ed. 1990) as Umbraqualfs, Sulfaquents, Hydraquents, Humaquepts, Histosols (except Folists), Argiaquolls, or Umbraquults?Yes No c) Do the soils at the described point have a NRCS hydric soil field indicator (see #17),and is the point located within a map unit named or designated by the NRCS as frequently flooded, depressional, or water? Map Unit:Yes No Inconclusive I Why?(skip to #27a) d) Are the C Test criteria met per §62-340.300(2)(c), F.A.C. at the described point? (Note: If no to 26a and yes to either 26b or 26c, C Test criteria are met) Yes No e) Are there any alterations or conditions affecting reliable application of the C Test such that the Altered Sites Test is more appropriate?Yes No 27. D Test Wetland Criteria §62-340.300(2)(d), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Is the soil hydric as verified by a NRCS hydric soil field indicator?(See #17) Yes No (skip to #27d)Inconclusive I Why?(skip to #28) b)Does any NRCS hydric soil field indicator begin at the soil surface or are any of the following indicators present: A1, A2, A3, A4, A5, A7, A8, A9, S4, F2?Yes No (If yes, then hydrologic indicator §62-340.500(8) or (11) is met) c) Is one or more of the hydrologic indicators in §62-340.500, F.A.C.present at the described point?(See #23)Yes No d) Are the D Test criteria met per §62-340.300(2)(d), F.A.C. at the described point? (Note: If yes to 27a and yes to either 27b or 27c, D Test criteria may be met) Yes No e) Are there any alterations or conditions affecting reliable application of the D Test such that the Altered Sites Test is more appropriate?Yes No 28. Altered Sites Tests §62-340.300(3), F.A.C. (Legal/Authorized or Illegal/Unauthorized) For purposes of Chapter 62-340, F.A.C.altered refers to any natural or man-induced condition(s) which masks or eliminates reliable expression of wetland indicators (i.e. hydrophytic vegetation, hydric soils, and hydrologic indicators).Unaltered or normal does not require a natural condition, only an expression of wetland indicators that is sufficient to reliably identify or delineate the wetland using the criteria in §62-340.300, F.A.C. Are alterations affecting normal wetland condition?Yes No (skip to #32)Evaluation Impossible (skip to #32) 29. Authorized or Legally Altered Vegetation and Soils Test Criteria §62-340.300(3)(a), F.A.C. a) Are there authorized or legal alterations affecting reliable expression of vegetation at the described point? Yes No If yes, how? b) Are there authorized or legal alterations affecting reliable soil evaluation at the described point?Yes No If yes, how? (If no to both 29a and 29b, skip to #30) c) If yes to 29a or 29b, which criteria tests are affected by the legal alterations? A Test B Test C Test D Test d) Using the most reliable available information and reasonable scientific judgment, would the types of evidence and characteristics contemplated in §62-340.300, F.A.C. identify or delineate the described point as a wetland with cessation of the legal altering activities?Yes No If no, why? (If no, skip to #30) e) If yes to 29d, what §62-340.300, F.A.C. evidence is present now and/or will be present in the future with cessation of legal altering activities?Plants Soils Hydrologic indicators f)If yes to 29d, which tests would be passed with cessation of legal altering activities? Wetland Definition A Test B Test C Test D Test Why? Point ID/Location: Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 4 of 6 Page 2317 of 4908 Point ID/Location: 30. Authorized or Legally Altered Hydrology Test Criteria §62-340.300(3)(b), F.A.C. a) Has wetland hydrology of the area been legally drained or lowered?Yes No (If no, skip to #31) If yes, how? b) Has wetland hydrology been legally eliminated at the described point?Yes No (If no, skip to #31) c) If yes to 30b, using reasonable scientific judgment or §62-340.550, F.A.C., have dredging or filling activities authorized by Part IV of Chapter 373, F.S.permanently eliminated wetland hydrology at the described point such that the wetland definition cannot be met?Yes (point is upland)No Chapter 373, F.S. Part II activities (e.g., water use permits) or other temporary hydrologic alterations (e.g., surface water pumps, drought) do not apply to this or any other Ch. 62-340, F.A.C. determinations. d) If no to 30c, what §62-340.300, F.A.C.evidence is present now and/or will be present in the future with cessation of temporary hydrologic drainage?Plants Soils Hydrologic indicators e) If no to 30c,Which tests would be passed with cessation of temporary hydrologic alterations? Wetland Definition A Test B Test C Test D Test Why? (If yes, skip to #31) 31. Unauthorized or Illegally Altered Sites Test Criteria §62-340.300(3)(c), F.A.C. If the altering activity is a violation of regulatory requirements, then application of §62-340.300(3)(c), F.A.C. and all provisions of Chapter 62-340, F.A.C. are utilized to identify or delineate the wetland in a forensic manner. This identification or delineation reflects the condition immediately prior to the unauthorized alteration. a) Have any unauthorized alterations affected the normal wetland condition at the described point?Yes No (If no, skip to #32)If yes, how? b) If yes to 31a, which criteria tests are affected by the unauthorized alterations? A Test B Test C Test D Test c) With reasonable scientific judgment is the described point a wetland, or would it have been a wetland immediately prior to the unauthorized alteration?Yes No If no, why? (If no, skip to #32) d) If yes to 31c, what §62-340.300, F.A.C.evidence is present now and/or was present immediately prior to the unauthorized alteration?Plants Soils Hydrologic indicators e) If yes to 31c, which tests would be passed immediately prior to the unauthorized alteration? Wetland Definition A Test B Test C Test D Test Why? 32. Wetland and Other Surface Water Summary §62-340.600(2)(a-e), F.A.C.: Given normal expression,cessation of authorized alterations, or immediately prior to any unauthorized alterations: a) With reasonable scientific judgment is the described point a wetland as defined in §62-340.200(19), F.A.C. and located by Ch. 62-340, F.A.C.?Yes No If yes, which criteria identified or delineated the wetland? Wetland Definition A Test B Test C Test D Test If summary answers differ from answers in 25f, 25g, 26d, or 27d, why? b) Is the described point located at or within the Mean High Water Line of a tidal water body? Yes No MHWL Unknown c) Is the described point located at or within the Ordinary High Water Line of a non-tidal natural water body or natural watercourse?Yes No d) Is the described point located at or within the top of the bank of an artificial lake, borrow pit, canal, ditch, or other type of artificial water body or watercourse with side slopes of 1 foot vertical to 4 feet horizontal or steeper, excluding spoil banks when the canals and ditches have resulted from excavation into the ground?Yes No e) Is the described point located at or within the Seasonal High Water Line of an artificial lake, borrow pit, canal, ditch, or other type of artificial water body or watercourse with side slopes flatter than 1 foot vertical to 4 feet horizontal or an artificial water body created by diking or impoundment above the ground?Yes No 33. Connection or Isolation of Wetland per Applicant's Handbook Vol.1 Section 2.0 If the described point is a wetland, does it have a connection via wetlands or other surface waters, or is it wholly surrounded by uplands and therefore isolated?Connected Isolated N/A (Point is not wetland) Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 5 of 6 Page 2318 of 4908 Point ID/Location: 34. Photographs and/or videos:Soil profile with Data Form, Soil profile close-up, Cross section(s) at 6" depth for sandy textures and/or critical depths for fine textures, Hydric soil indicators, Water table or inundation depth, Four cardinal directions of plant strata present, Hydrologic indicators (with scale as necessary), Critical plant ID (optional) #Memory Card # / Metadata Description, compass direction (if applicable)Taken By 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Notes:See Site Documentation - WETLAND Helpful Definitions for Applying Ch 62-340, F.A.C. 1RSJ stands for Reasonable Scientific Judgment where used throughout this Data Form (See The Florida Wetlands Delineation Manual pg. 2 & 12) 2HSTS stands for Hydric Soils Technical Standard (See NRCS Hydric Soils Technical Note 11) Definition from §62.340.200(19) Florida Administrative Code “Wetlands,” as defined in subsection 373.019(17), F.S., means those areas that are inundated or saturated by surface water or ground water at a frequency and a duration sufficient to support, and under normal circumstances do support, a prevalence of vegetation typically adapted for life in saturated soils. Soils present in wetlands generally are classified as hydric or alluvial, or possess characteristics that are associated with reducing soil conditions. The prevalent vegetation in wetlands generally consists of facultative or obligate hydrophytic macrophytes that are typically adapted to areas having soil conditions described above. These species, due to morphological, physiological, or reproductive adaptations, have the ability to grow, reproduce or persist in aquatic environments or anaerobic soil conditions. Florida wetlands generally include swamps, marshes, bayheads, bogs, cypress domes and strands, sloughs, wet prairies, riverine swamps and marshes, hydric seepage slopes, tidal marshes, mangrove swamps and other similar areas. Florida wetlands generally do not include longleaf or slash pine flatwoods with an understory dominated by saw palmetto. Definition from §373.019(19) Florida Statutes “Surface water” means water upon the surface of the earth, whether contained in bounds created naturally or artificially or diffused. Water from natural springs shall be classified as surface water when it exits from the spring onto the earth's surface. Definition from §373.019(14) Florida Statutes “Other watercourse” means any canal, ditch, or other artificial watercourse in which water usually flows in a defined bed or channel. It is not essential that the flowing be uniform or uninterrupted. Definition from §62.340.200(15) Florida Administrative Code “Seasonal High Water” means the elevation to which the ground and surface water can be expected to rise due to a normal wet season. From The Florida Wetlands Delineation Manual pg. 37 Ordinary high water is that point on the slope or bank where the surface water from the water body ceases to exert a dominant influence on the character of the surrounding vegetation and soils. The OHWL frequently encompasses areas dominated by non-listed vegetation and non-hydric soils. When the OHWL is not at a wetland edge, the general view of the area may present an “upland” appearance. Definition from §403.803(14) Florida Statutes "Swale"means a manmade trench which: (a)Has a top width-to-depth ratio of the cross-section equal to or greater than 6:1, or side slopes equal to or greater than 3 feet horizontal to 1 foot vertical; (b) Contains contiguous areas of standing or flowing water only following a rainfall event; (c) Is planted with or has stablized vegetation suitable for soil stabilization, stormwater treatment, and nutrient uptake; and (d) Is designed to take into acount the soil erodibility, soil percolation, slope, slope length, and drainage area so as to prevent erosion and reduce pollutant concentration of any discharge. Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 6 of 6 Page 2319 of 4908 Chapter 62-340, F.A.C. Data FormFDEP SLERC August 2019 § denotes the Rule, subsection, paragraph, or subparagraph referenced from Ch. 62-340, F.A.C. cm 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 1. Date:SEE RPT 2. Staff Present:SEE RPT 3. Form recorder(s):SEE RPT 4. County:SEE RPT 5. Site Name:SEE RPT Tracking #: 6. Point ID:SEE RPT GPS Coordinates: 7. Distances and bearings from fixed objects (if no GPS): 8. Current condition of described point:Authorized or legal condition Unauthorized or illegal condition 9. Work type: Identification Delineation Point status:Wetland Non-Wetland Surface Water Upland 10. Vegetative Stratum §62-340.400:Using §62-340.400, F.A.C. with reasonable scientific judgment, select the appropriate vegetative stratum. (Do not include FAC species when determining 10% minimum areal extent.) Canopy (Min. 10% areal extent)Subcanopy (Min. 10% areal extent)Groundcover (No min. areal extent) Vegetation Absent (skip to #14) Evaluation Impossible (skip to #14)Why? 11. Plant List §62-340.200(2),(6),(16), §62-340.400, §62-340.450, F.A.C.: As is under current conditions, without considering RSJ 1 or the legality of any alterations: Select and identify plants in an area just large enough to represent and classify the plant community at the described point. Do not extend into different communities or hydrologic conditions. 1. Record the scientific name (binomial) and status of each plant species necessary to identify/delineate and classify the plant community in the selected area. 2. Record the percent areal extent in the canopy, subcanopy, and groundcover columns for each species. 3. For each species present in the stratum selected in #10, transfer the numbers from only that stratum's column into the appropriate status columns. Areal extent estimator: #Binomial of Observed Species Status Canopy Subcanopy Groundcover Upland Facultative Fac.Wet Obligate 1.Pinus elliotti U 25 25 2.Serenoa repens U 25 3.Sabal palmetto F 10 5 10 4.Pteridium aquilinum U 2 5.Lyonia ferruginea U 5 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Percent areal extent totals for the stratum selected in question 10 25 10 0 0 12. In the stratum selected in #10: What is the % areal extent of Obligate plants? 0 What is the % areal extent of Upland plants? 25 Is the areal extent of Obligate plants greater than that of Upland plants?Yes No 13.In the stratum selected in #10:What is the total % areal extent of Obligate & Facultative Wet plants combined?0 What is the total % areal extent of Obligate, Facultative Wet, & Upland plants combined? 25 What is the percentage of OBL + FACW in relation to all plants, excluding FAC? ()0.0%OBL+FACW OBL+FACW+UPL Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 1 of 6 Page 2320 of 4908 Point ID/Location:SEE RPT 14. LRR/MLRA U Textures:Peat, Mucky Peat, Muck, Mucky Mineral (S or F), Sand, Fine, Marl 15.Is a soil profile evaluation possible?Yes No If no, why?(If No, skip to #18) 16. Soil Description:As is under current conditions, without considering RSJ 1 or the legality of any alterations Soil surface, or 0 inch depth for purposes of Chapter 62-340, F.A.C. is the muck or mineral surface (whether natural or fill) Soil describer:SEE RPT Horizon beginning to ending Depth (inches) Matrix Texture moist condition Matrix Hue Value/ Chroma for sandy matrix horizons w/ value ”3: % Organic Coating - Describe soil features:DA (areas darker than matrix),LA (areas lighter than matrix), RC (redox concentrations): Record in moist condition hue value/chroma; % volume in horizon; boundaries (sharp/clear/diffuse); shape (rounded/linear/angular). -OB (organic bodies): Record texture (muck or mucky mineral), % volume in horizon. -H2S (hydrogen sulfide odor): Indicate shallowest depth where detected -Note if horizon is Physically Mixed (PM), Nonsoil (any material not listed in "Textures" above), or Fill and describe. 1 0-6 S 10YR 6/3 DA 10YR 3/1 15% sharp 2 3 4 5 6 17. Hydric Soil Field Indicators:If present, check all Hydric Soil Field Indicators satisfied 5 All Texture (A1) Histosol* (A2) Histic Epipedon* (A3) Black Histic* (A4) Hydrogen Sulfide* (A5) Stratified Layers* (A6) Organic Bodies (A7) 5cm Mucky Mineral* (A8) Muck Presence* (A9) 1cm Muck* (A11) Depleted Below Dark Surface (A12) Thick Dark Surface 5 Sandy Texture (S4) Sandy Gleyed Matrix* (S5) Sandy Redox (S6) Stripped Matrix (S7) Dark Surface (S8) Polyvalue Below Surface (S9) Thin Dark Surface (S12) Barrier Islands 1cm Muck 5 Fine Texture (F2) Loamy Gleyed Matrix* (F3) Depleted Matrix (F6) Redox Dark Surface (F7) Depleted Dark Surface (F8) Redox Depression (F10) Marl (F12) Iron-Manganese Masses (F13) Umbric Surface (F22) Very Shallow Dark Surface specify their beginning and ending depths Indicator Present Begin Depth End Depth 1. 2. 3. 4. 5. 6. To combine layers/indicators to meet thickness requirements, see NRCS Hydric Soils Technical Note 4. and * = Stand-alone D Test - both hydric soil and hydrologic indicator 18. Excluding organic horizons, is any nonsoil horizon present at or within the uppermost 12 inches of the ground surface? Yes (e.g. bedrock, rock outcrop, limestone fill, gravel, etc)No Soil profile or site inaccessible 19. Is one or more hydric soil field indicators present?Yes No Inconclusive (e.g., evaluation to 12+ inchesimpeded by disturbance, water,nonsoil, no site access, etc.) If no or inconclusive, is the soil hydric as determined by other NRCS methods? Yes I Which method(s)? (e.g., hydric soil definition, HSTS 2, indicator present at drier elevation, indicator would be present but for disturbance) No Inconclusive I Why? 20. Is the depth of the soil profile 20 inches or greater from the soil surface?Yes No If no, depth of soil profile is:6 inches Why? IMPERVIOUS LAYER (e.g., root refusal, nonsoil, water table, loose sand, heavy texture, compaction, weather conditions, inspection interrupted) 21.Observed height or depth of standing water from soil surface:inches Above Below Not Observed Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 2 of 6 Page 2321 of 4908 Point ID/Location:Indicator evaluator: 22.Hydrologic Indicators:As is under current conditions, without considering RSJ 1 or the legality of any alterations Hydrologic Indicators per §62-340.500, F.A.C. (and as applied to §62-340.600, F.A.C.) Present at or near point Predicted during normal high water or wet seasonŠ Within 100 ft waterward of point (not for upland points) 1. Describe the type of all checked indicators. 2. Approximate the distance and compass direction of indicators within 100 ft of the point. 3. For water level indicators (potential indicators denoted by *)note the height from ground surface at the point as well as waterward (with distance from point). ŠOnly for indicators not present due to dry season/drought (1) Algal mats* (2) Aquatic mosses or liverworts* (3) Aquatic plants* (4) Aufwuchs (5) Drift lines and rafted debris* (6) Elevated lichen lines* (7) Evidence of aquatic fauna (8) Hydrologic data* (9) Morphological plant adaptations* (10) Secondary flow channels (11) Sediment deposition* (12) Tussocks or hummocks* (13) Water marks* Highest water level indicator height at point: inches Above Ground Surface Above Soil Surface No Water Level Indicators N/A (described point is Upland) 23.Is one or more hydrologic indicator(s) listed in §62-340.500, F.A.C. present or predicted with normal high water or wet season conditions at the described point?NoYes Evaluation Impossible I Why? 24. Delineation by Wetland Definition §62-340.300(1), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Has a wetland boundary been delineated at the described point? Yes No (If No, skip to #25) b) If yes to 24a, can the boundary be easily delineated using the definition of wetlands?Yes No 25. A & B Test Wetland Criteria §62-340.300(2)(a),(b), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Is the areal extent of Obligate plants in the stratum selected in #10 greater than the areal extent of all Upland plants in that stratum?(See #12)Yes No Vegetation Absent (skip to #25f)Evaluation Impossible (skip to #26a) b) Is the areal extent of Obligate and/or Facultative Wet plants in the stratum selected in #10 equal to or greater than 80% of all the plants in that stratum, excluding Facultative plants?(See #13)Yes No c) Is the soil hydric as identified using standard NRCS definitions and practices?(see #19) Yes No Indeterminable with current conditions I Why? d) Is the substrate composed of riverwash, nonsoil (see #18), rock outcrop-soil complex, or is the substrate located within an artificially created wetland area?Yes No If yes, which condition is present? e)Is one or more of the hydrologic indicators in §62-340.500, F.A.C. present at the described point?(See #23)Yes No f) Are the A Test criteria met per §62-340.300(2)(a), F.A.C. at the described point?Yes No (Note: If yes to 25a and yes to either 25c, 25d, or 25e, A Test criteria are met) g) Are the B Test criteria met per §62-340.300(2)(b), F.A.C. at the described point?Yes No (Note: If yes to 25b and yes to either 25c, 25d, or 25e, B Test criteria are met) h) Are there any alterations or conditions affecting reliable application of the A or B Test such that the Altered Sites Test is more appropriate?Yes No Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 3 of 6 Page 2322 of 4908 26. C Test Wetland Criteria §62-340.300(2)(c), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Per §62-340.300(2)(c), F.A.C. is the described point Pine Flatwoods or Improved Pasture, or does it have drained soils?Yes No If yes, select which of the following are met, then skip to #26d Pine Flatwoods Improved Pasture Drained Soils Pine Flatwoods must have flat terrain, a monotypic or mixed canopy of long leaf pine or slash pine, and a ground cover dominated by saw palmetto with other species that are NOT obligate or facultative wet.Improved Pasture means areas where the dominant native plant community has been replaced with planted or natural recruitment of herbaceous species which are NOT obligate or facultative wet species and which have been actively maintained for livestock through mechanical means or grazing. Drained Soils are those in which permanent alterations, excluding mechanical pumping, preclude the formation of hydric soils. b) Are the soils at the described point saline sands (salt flats-tidal flats),or have they been field verified by NRCS's Keys to Soil Taxonomy (4th ed. 1990) as Umbraqualfs, Sulfaquents, Hydraquents, Humaquepts, Histosols (except Folists), Argiaquolls, or Umbraquults?Yes No c) Do the soils at the described point have a NRCS hydric soil field indicator (see #17),and is the point located within a map unit named or designated by the NRCS as frequently flooded, depressional, or water? Map Unit:Yes No Inconclusive I Why?(skip to #27a) d) Are the C Test criteria met per §62-340.300(2)(c), F.A.C. at the described point? (Note: If no to 26a and yes to either 26b or 26c, C Test criteria are met) Yes No e) Are there any alterations or conditions affecting reliable application of the C Test such that the Altered Sites Test is more appropriate?Yes No 27. D Test Wetland Criteria §62-340.300(2)(d), F.A.C. As is under current conditions, without considering RSJ 1 or the legality of any alterations: a) Is the soil hydric as verified by a NRCS hydric soil field indicator?(See #17) Yes No (skip to #27d)Inconclusive I Why?(skip to #28) b)Does any NRCS hydric soil field indicator begin at the soil surface or are any of the following indicators present: A1, A2, A3, A4, A5, A7, A8, A9, S4, F2?Yes No (If yes, then hydrologic indicator §62-340.500(8) or (11) is met) c) Is one or more of the hydrologic indicators in §62-340.500, F.A.C.present at the described point?(See #23)Yes No d) Are the D Test criteria met per §62-340.300(2)(d), F.A.C. at the described point? (Note: If yes to 27a and yes to either 27b or 27c, D Test criteria may be met) Yes No e) Are there any alterations or conditions affecting reliable application of the D Test such that the Altered Sites Test is more appropriate?Yes No 28. Altered Sites Tests §62-340.300(3), F.A.C. (Legal/Authorized or Illegal/Unauthorized) For purposes of Chapter 62-340, F.A.C.altered refers to any natural or man-induced condition(s) which masks or eliminates reliable expression of wetland indicators (i.e. hydrophytic vegetation, hydric soils, and hydrologic indicators).Unaltered or normal does not require a natural condition, only an expression of wetland indicators that is sufficient to reliably identify or delineate the wetland using the criteria in §62-340.300, F.A.C. Are alterations affecting normal wetland condition?Yes No (skip to #32)Evaluation Impossible (skip to #32) 29. Authorized or Legally Altered Vegetation and Soils Test Criteria §62-340.300(3)(a), F.A.C. a) Are there authorized or legal alterations affecting reliable expression of vegetation at the described point? Yes No If yes, how? b) Are there authorized or legal alterations affecting reliable soil evaluation at the described point?Yes No If yes, how? (If no to both 29a and 29b, skip to #30) c) If yes to 29a or 29b, which criteria tests are affected by the legal alterations? A Test B Test C Test D Test d) Using the most reliable available information and reasonable scientific judgment, would the types of evidence and characteristics contemplated in §62-340.300, F.A.C. identify or delineate the described point as a wetland with cessation of the legal altering activities?Yes No If no, why? (If no, skip to #30) e) If yes to 29d, what §62-340.300, F.A.C. evidence is present now and/or will be present in the future with cessation of legal altering activities?Plants Soils Hydrologic indicators f)If yes to 29d, which tests would be passed with cessation of legal altering activities? Wetland Definition A Test B Test C Test D Test Why? Point ID/Location: Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 4 of 6 Page 2323 of 4908 Point ID/Location: 30. Authorized or Legally Altered Hydrology Test Criteria §62-340.300(3)(b), F.A.C. a) Has wetland hydrology of the area been legally drained or lowered?Yes No (If no, skip to #31) If yes, how? b) Has wetland hydrology been legally eliminated at the described point?Yes No (If no, skip to #31) c) If yes to 30b, using reasonable scientific judgment or §62-340.550, F.A.C., have dredging or filling activities authorized by Part IV of Chapter 373, F.S.permanently eliminated wetland hydrology at the described point such that the wetland definition cannot be met?Yes (point is upland)No Chapter 373, F.S. Part II activities (e.g., water use permits) or other temporary hydrologic alterations (e.g., surface water pumps, drought) do not apply to this or any other Ch. 62-340, F.A.C. determinations. d) If no to 30c, what §62-340.300, F.A.C.evidence is present now and/or will be present in the future with cessation of temporary hydrologic drainage?Plants Soils Hydrologic indicators e) If no to 30c,Which tests would be passed with cessation of temporary hydrologic alterations? Wetland Definition A Test B Test C Test D Test Why? (If yes, skip to #31) 31. Unauthorized or Illegally Altered Sites Test Criteria §62-340.300(3)(c), F.A.C. If the altering activity is a violation of regulatory requirements, then application of §62-340.300(3)(c), F.A.C. and all provisions of Chapter 62-340, F.A.C. are utilized to identify or delineate the wetland in a forensic manner. This identification or delineation reflects the condition immediately prior to the unauthorized alteration. a) Have any unauthorized alterations affected the normal wetland condition at the described point?Yes No (If no, skip to #32)If yes, how? b) If yes to 31a, which criteria tests are affected by the unauthorized alterations? A Test B Test C Test D Test c) With reasonable scientific judgment is the described point a wetland, or would it have been a wetland immediately prior to the unauthorized alteration?Yes No If no, why? (If no, skip to #32) d) If yes to 31c, what §62-340.300, F.A.C.evidence is present now and/or was present immediately prior to the unauthorized alteration?Plants Soils Hydrologic indicators e) If yes to 31c, which tests would be passed immediately prior to the unauthorized alteration? Wetland Definition A Test B Test C Test D Test Why? 32. Wetland and Other Surface Water Summary §62-340.600(2)(a-e), F.A.C.: Given normal expression,cessation of authorized alterations, or immediately prior to any unauthorized alterations: a) With reasonable scientific judgment is the described point a wetland as defined in §62-340.200(19), F.A.C. and located by Ch. 62-340, F.A.C.?Yes No If yes, which criteria identified or delineated the wetland? Wetland Definition A Test B Test C Test D Test If summary answers differ from answers in 25f, 25g, 26d, or 27d, why? b) Is the described point located at or within the Mean High Water Line of a tidal water body? Yes No MHWL Unknown c) Is the described point located at or within the Ordinary High Water Line of a non-tidal natural water body or natural watercourse?Yes No d) Is the described point located at or within the top of the bank of an artificial lake, borrow pit, canal, ditch, or other type of artificial water body or watercourse with side slopes of 1 foot vertical to 4 feet horizontal or steeper, excluding spoil banks when the canals and ditches have resulted from excavation into the ground?Yes No e) Is the described point located at or within the Seasonal High Water Line of an artificial lake, borrow pit, canal, ditch, or other type of artificial water body or watercourse with side slopes flatter than 1 foot vertical to 4 feet horizontal or an artificial water body created by diking or impoundment above the ground?Yes No 33. Connection or Isolation of Wetland per Applicant's Handbook Vol.1 Section 2.0 If the described point is a wetland, does it have a connection via wetlands or other surface waters, or is it wholly surrounded by uplands and therefore isolated?Connected Isolated N/A (Point is not wetland) Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 5 of 6 Page 2324 of 4908 Point ID/Location: 34. Photographs and/or videos:Soil profile with Data Form, Soil profile close-up, Cross section(s) at 6" depth for sandy textures and/or critical depths for fine textures, Hydric soil indicators, Water table or inundation depth, Four cardinal directions of plant strata present, Hydrologic indicators (with scale as necessary), Critical plant ID (optional) #Memory Card # / Metadata Description, compass direction (if applicable)Taken By 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Notes: Helpful Definitions for Applying Ch 62-340, F.A.C. 1RSJ stands for Reasonable Scientific Judgment where used throughout this Data Form (See The Florida Wetlands Delineation Manual pg. 2 & 12) 2HSTS stands for Hydric Soils Technical Standard (See NRCS Hydric Soils Technical Note 11) Definition from §62.340.200(19) Florida Administrative Code “Wetlands,” as defined in subsection 373.019(17), F.S., means those areas that are inundated or saturated by surface water or ground water at a frequency and a duration sufficient to support, and under normal circumstances do support, a prevalence of vegetation typically adapted for life in saturated soils. Soils present in wetlands generally are classified as hydric or alluvial, or possess characteristics that are associated with reducing soil conditions. The prevalent vegetation in wetlands generally consists of facultative or obligate hydrophytic macrophytes that are typically adapted to areas having soil conditions described above. These species, due to morphological, physiological, or reproductive adaptations, have the ability to grow, reproduce or persist in aquatic environments or anaerobic soil conditions. Florida wetlands generally include swamps, marshes, bayheads, bogs, cypress domes and strands, sloughs, wet prairies, riverine swamps and marshes, hydric seepage slopes, tidal marshes, mangrove swamps and other similar areas. Florida wetlands generally do not include longleaf or slash pine flatwoods with an understory dominated by saw palmetto. Definition from §373.019(19) Florida Statutes “Surface water” means water upon the surface of the earth, whether contained in bounds created naturally or artificially or diffused. Water from natural springs shall be classified as surface water when it exits from the spring onto the earth's surface. Definition from §373.019(14) Florida Statutes “Other watercourse” means any canal, ditch, or other artificial watercourse in which water usually flows in a defined bed or channel. It is not essential that the flowing be uniform or uninterrupted. Definition from §62.340.200(15) Florida Administrative Code “Seasonal High Water” means the elevation to which the ground and surface water can be expected to rise due to a normal wet season. From The Florida Wetlands Delineation Manual pg. 37 Ordinary high water is that point on the slope or bank where the surface water from the water body ceases to exert a dominant influence on the character of the surrounding vegetation and soils. The OHWL frequently encompasses areas dominated by non-listed vegetation and non-hydric soils. When the OHWL is not at a wetland edge, the general view of the area may present an “upland” appearance. Definition from §403.803(14) Florida Statutes "Swale"means a manmade trench which: (a)Has a top width-to-depth ratio of the cross-section equal to or greater than 6:1, or side slopes equal to or greater than 3 feet horizontal to 1 foot vertical; (b) Contains contiguous areas of standing or flowing water only following a rainfall event; (c) Is planted with or has stablized vegetation suitable for soil stabilization, stormwater treatment, and nutrient uptake; and (d) Is designed to take into acount the soil erodibility, soil percolation, slope, slope length, and drainage area so as to prevent erosion and reduce pollutant concentration of any discharge. Form 62-330.201(1) - Chapter 62-340, F.A.C. Data Form Incorporated by reference in subsection 62-330.201(1), F.A.C. (effective date) Page 6 of 6 Page 2325 of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age 2326 of 4908 '(  )*+ + ,  !,   - " 2B& 1                                                                                      1                -          5 %       '     + #                     $ #       2C&                         "                         #       #                                                                                            5          -      #   #                  2 D    D         *%1 $( .$ $-!%'  $##!# $( -!* $( %7!$%)%+$;"%#E F!%!%' 6%"6-% *()% (# % * %7!$%)%F #!%"3CB> G(!#!"!$% % 7(!$%#4 %7!$%)% #$(" )!!%'4!# +"!# (7 #4  # )!!%'4#$!$%#4$%#(!$%# $!44% 4*$4$$ ---:$+!" %7!$%)%$%#(%#:"$)        ZZZ7URSLFDO(QYLURQPHQWDO&RQVXOWDQWVFRP 0DQQL[ 'U  1DSOHV)ORULGD  #$%%$&## REPORT VERSION 4/2021 PID: 40578520001 Page 2327 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ADDENDUM C COMPARABLE DATA Page 2328 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ID 8518 Date 3/7/2024 Name SS 8th Ave NE Price $320,000 Address SS 8th Ave NE Price per Acre $64,000 City Naples Transaction Type Closed Sale Grantor Brenda M. Jasmund Lay, Gary Eugene Jasmund, Karen Lynn Jasmund, and Brenda M. Jasmund Lay, Successor Trustee Financing Cash Grantee Gator Investment of SW FL Inc Property Rights Fee Simple Tax ID Days on Market 5 Days Sale Verification Date 5/2/2024 Book/Page or Reference Doc Instr # 6517569 and 6517570 Sale Verification Source Angelo Sottosanti, PA w/ Coldwell Banker Realty Conditions of Sale Arm's length Sale History None in previous 3 years Acres 5.00 Topography Heavily Treed Land SF 217,800 Zoning E - Estates Primary Frontage Feet 330 Flood Zone Zone AH and X Primary Frontage Street 8th Ave NE Dimensions 330' x 660' Utilities Well, Septic Shape Rectangle Encumbrance Or Easement Transaction Site 30' wide ROW easement along the northern property line (8th Ave NE). 40687320008 Treed parcel located along the south side of 8th Ave NE. Parcel is located within a slash-pine dominated flatwoods forest and is entirely uplands according to Informal Wetland Determination dated January 25, 2024 prepared by Tropical Environmental Consultants. Parcel was listed in February 2024 for $350,000. Comments Land Comparable 1 Page 2329 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ID 8503 Date 4/25/2024 Name Everglades Blvd & 6th Ave NE Price $250,000 Address Everglades Blvd & 6th Ave NE Price per Acre $48,529 City Naples Transaction Type Closed Sale Grantor Shirley Everett & Bonita Brown Financing Conventional Grantee Moravelas New York Style Pizza Inc Property Rights Fee Simple Tax ID Days on Market 381 Sale Verification Date 5/9/2024 Book/Page or Reference Doc Instr # 6540747 Sale Verification Source Karla Petty w/ Coldwell Banker Realty Conditions of Sale Arm's length Sale History No arm's length transactions in previous 3 years Acres 5.15 Topography Heavily Treed Land SF 224,400 Zoning E - Estates Primary Frontage Feet 330 Flood Zone Zone AH Primary Frontage Street Everglades Blvd N Dimensions 330' x 680' Utilities Well, Septic Shape Rectangle Encumbrance Or Easement Comments Site Transaction 30' wide ROW easement along the southern property line (6th Ave NE); 50' wide ROW easement along the western property line (Everglades Blvd N). 40681000007 Land Comparable 2 Heavily treed parcel located at the northeast corner of 6th Ave NE and Everglades Blvd N. According to Informal Wetland Determination dated March 1, 2023 prepared by Wetland Consultants the site has 2.99 acres of wetlands (58%) located along the northern border and eastern (rear) portion of the lot. Page 2330 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ID 8519 Date 11/29/2023 Name 4132-4144 10th Ave NE Price $300,000 Address 4132-4144 10th Ave NE Price per Acre $60,000 City Naples Transaction Type Closed Sale Grantor Jane Loyer and Theodore A. Loyer, both indvidiually and as co-trustees Financing Cash Grantee Gator Investment of SW FL Inc Property Rights Fee Simple Tax ID Days on Market 197 Days Sale Verification Date 5/2/2024 Book/Page or Reference Doc Instr # 6484354 Sale Verification Source Shannon Rolquin w/ Coldwell Banker Realty Conditions of Sale Arm's length Sale History None in previous 3 years Acres 5.00 Topography Heavily Treed Land SF 217,800 Zoning E - Estates Primary Frontage Feet 330 Flood Zone Zone AE Primary Frontage Street 10th Ave NE Dimensions 330' x 660' Utilities Well, Septic Shape Rectangle Encumbrance Or Easement 40472520000 Land Comparable 3 Treed parcel located along the south side of 10th Ave NE. Parcel is entirely uplands according to Informal Wetland Determination dated August 9, 2022 prepared by Tropical Environmental Consultants. Parcel was listed in April 2023 for $375,000. Buyer has since split the lot into two 2.50 acre parcels and is building two single-family homes. Site Comments 30' wide ROW easement along the northern property line (10th Ave NE). Transaction Page 2331 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ID 8486 Date 4/19/2024 Name 2020 20th AVE NE Price $210,000 Address 2020 20th AVE NE Price per Acre $77,000 City Naples Transaction Type Closed Sale Grantor Rosa A Maldonado Hernandez and Rogelio Arreguin Financing Cash Grantee Thomas M. Owen Property Rights Fee Simple Tax ID 37867600001 Days on Market 4 days Sale Verification Date 5/2/2024 Book/Page or Reference Doc Instr #6536433 Sale Verification Source Melissa Turner w/ RE/MAX Gulf Coast Living Conditions of Sale Arm's length Sale History 3/2022 - $155,000 Acres 2.73 Topography Heavily Treed Land SF 118,800 Zoning E - Estates Primary Frontage Feet 180 Flood Zone Zone X Primary Frontage Street 20th Ave NE Dimensions 180' x 660' Utilities Well, Septic Shape Rectangle Encumbrance Or Easement Transaction Land Comparable 4 30' wide ROW easement along the northern property line (20th Ave NE). Site Comments Heavily treed parcel located along the south side of 20th Ave NE. There is 0.25 acres of wetlands according to Informal Wetland Determination dated August 16, 2021 prepared by Tropical Environmental Consultants (TEC). According to TEC, the wetlands are located along the eastern border near the center of the site and there is sufficient space for the location of a single-family home without wetland impacts. Construction within a 25' buffer of the wetlands would require a verification of exemption through the DEP. Parcel was puchased in March 2022 for $155,000 and listed in April 2024 for $220,000. Page 2332 of 4908 VANDERBILT BEACH ROAD EXTENSION PHASE II ADDENDUM C - COMPARABLE DATA ID 8474 Date 3/11/2024 Name 14th ST NE Price $225,000 Address 14th ST NE Price per Acre $82,500 City Naples Transaction Type Closed Sale Grantor Robert A. Frascarelli Financing Cash Grantee Satyaprasad S. and Suseela Devalla Property Rights Fee Simple Tax ID Days on Market 1 year Sale Verification Date 5/2/2024 Book/Page or Reference Doc Instr # 6518801 Sale Verification Source Greg Lammert w/ Keller Williams Elite Realty 2 Conditions of Sale Arm's length Sale History No arm's length transactions in previous 3 years Acres 2.73 Topography Heavily Treed Land SF 118,800 Zoning E - Estates Primary Frontage Feet 180 Flood Zone Zone X Primary Frontage Street 14th St NE Dimensions 180' x 660' Utilities Well, Septic Shape Rectangle Encumbrance Or Easement 39268520005 Heavily treed parcel located along the west side of 14th St NE. No Informal Wetland Determination on file. Listing agent reported the site was uplands. FDEP map shows freshwater forested/shrub wetland in rear of site. Parcel was listed in January 2023 for $299,000 and reduced multiple times, finally to $248,900 in December 2023. Comments Site 30' wide ROW easement along the eastern property line (14th St NE). Transaction Land Comparable 5 Page 2333 of 4908 PROJECT PARCEL: FOLIO: 60249 - Vanderbilt Beach Road Extension - Phase 2 1375FEE 40578520001 PURCHASE AND SALE AGREEMENT (partial fee simple) THIS PURCHASE AND SALE AGREEMENT ("Agreement") is entered into this - day of August, 2024, by and GAY LEONARD, f/Ua Gay Luks, a single women, whose mailing address is 21440 Laguna Drive, Boca Raton, FL 33433, ("Selle/'), and COLLIER COUNTY, a political subdivision of the State of Florida, whose mailing address is 3299 Tamiami Trail East, c/o County Attorney's Office, Suite 800, Naples, FL34112 (the "County"). Recitals A. Seller owns certain real property in Collier County, Florida, commonly known as Tract '110, of Golden Gate Estates Unit No.75, according to the Plat thereof as recorded in Plat Book 5, Page 'l'1, of the Public Records of Collier County, Florida, (the "Property"); and B. The County desires to purchase a portion of Seller's Property as described in Exhibit "A" attached hereto (the "Parcel"). NOW THEREFORE, the parties agree as follows '1. AGREEMENT TO SELL AND PURCHASE. Seller hereby aorees to sell, and the County hereby agrees to purchase the Parcel on the terms and conditions set forth in this Agreement. 2. COMPENSATION A. Amount. The compensation payable by the County for the Parcel shall be $143,500.00, subject to prorations, apportionments, and distribution of sales proceeds provided for in this Agreement, together with statutory attorney fees in the amount of $8,349.00 made payable to Bartlett, Loeb, Hinds & Thompson, PLLC. No portion ofthe compensation is attributable to personal property. B. Full Comoensatron. The payment of the net sales proceeds to Seller, payable by County check at Closing (defined below), shall be (i) full compensation for the Parcel, including, without limitation, all improvements located on the Parcel as of the date of this Agreement; and (ii) full and final seftlement of all other damages and expenses suffered or incurred by Seller in connection with Seller's conveyance of the Parcel to the County, whether foreseen or unforeseen, including, without limitation, and to the extent applicable, attorneys' fees, expert witness fees and costs as provided for in Chapter 73, Florida Statutes. A. Closinq Date. Seller's conv eyance of the Parcel to the County (the "Closing") shall occur within 30 days of the County's receipt of all properly executed Closing Documents (derined below). TIME lS OF THE ESSENCE. The Closing shall take place at the offices of the County's Transportation Engineering Division, 2885 Horseshoe Drive South, Naples, Florida 341M. B. No Adverse Chanqes: Risk of Loss. The Cou nty's obllgation to close shall be contingent upon the County having determined that, between the date that the County completes its due diligence investigations and inspections under this Agreement and the Closing, there shall have been no adverse changes in the title, physical condition of the Parcel, or other matters previously approved by the County. Between the date of the parties' execution of this Agreement and the Closing, risk of loss shall be borne by Seller. lf the Parcel is damaged prior to Closing, excluding damage caused by the County, Seller shall repair and restore the Parcel at Seller's expense. 3. CLOSING OATE: POSSESSION. 1 Page 2334 of 4908 and in substantially the same condition as exists on the date of Seller's execution of this Agreement The County shall have the right to inspect the Parcel prior to Closing. 4. CLOSING DOCUMENTS. As soon after the pa(ies' execution of this Agreement as is possible, Seller shall 0Droride thecounty wtth a copy of Seller's property survey and title insurance policy for the property, if airy, and (ii) deliver ihe fottowing documents to the County, properly executed and in a form approved by the Collier County Attorney's Office (the "Closing Documents"): b c d e Warranty Deed; Closing Statementi Affidavit of Title; Form W-9 (Request for Taxpayer ldentification Number and Certification); Evidence of Iegal authority and capacity of the individual executing this Agreement on behalf of Seller to execute and deliver this Agreement and the Closing Documents; A Satisfaction. Partial Release, or Terminataon from the holder of each mortgage or other lien open of record encumbering the Parcel; A Partial Release or Termination of any leases or rental agreements that encumber the Parcel: A Termination, Vacation or Subordination of any existing easement that encumbers the Parcel, if required by the County; and Such other documents;s the County or title company deems necessary or appropriate to clear title to the Property. (0 o h (i) Following the Closing, Seller shall execute any and all additional documents as may be requested by the County o1title company to correct clerical errors, clear title, or otherwise carry out the intent of the parties. 5. CLOSTNG COSTS ND DEDUCTIONS A. Countv's Closinq Costs. At Closin g, the County shall pay (i) the recording fees to record the conveyance instrument(s) and any cu rative instruments required to clear title; and (ii) the cost of an owner's policy of title insurance if the County el ects to obtain one. Additionally, the County may elect to pay reasonable costs incurred and/or processing fees required by mortgagees or other lien holders in connection with the delivery of p the Property fees." roperly executed Satisfaction, Releases , or Terminations of any liens open of record encumbering The County shall have sole discretion a s to what constitutes "reasonable costs and/or processing B. Seller's Closino Costs. At Closing, Seller shall pay (i) all state documentary stamp taxes required on the conveyance instrument(s) in accordance with Section 201.01, Florida Statutes, unless the property is acquired under the threat of condemnation, in which case the conveyance is exempt from state documentary siamp taxes; (ii) any apportionment and distribution of the full compensation amount provided for in this Agreement thal may b6 required by any mo(gagee, lien holder, or other encumbrance holder as payotf, payd-own, or for the protection of its security interest, or as consideration due to any diminution in the i,aire oi iti property right; (iil) all taxes and assessments that are due and payable; and (iv) the full amount of condominium/homeowner association special assessments and governmentally imposed liens or special assessments (other than CDD/MSTU assessments) which are a lien or a special assessment that is certain as to the iOeniity of the lienor or assessor. the property subject to the lien or special assessment, and the amount of the lien or special assessment. lf the Property iS located within a Community Development District ("CDD") or Municipal Service or Beneflt Taxing Unit ("MSTU"), the County shall assume any outstanding capital balance on the Parcel. C. proralions. The following items shall be prorated as of the date of Closing. with the County entitted to the d-ate of Closing: (i) ad valorem taxes based upon the most current assessment available, without discount, provided that if the current year's tax bill is not yet available, but a TRIM Notice has been issued, the ad-valorem taxes shall be prorated based upon the amount set forth therein; (ii) condominium/homeowner assocjation assessments (other than those required to be paid in full under subparagraph B of this paragraph), and (iii) CDD/MSTU operating and maintenance assessments. 2 oa, Page 2335 of 4908 A.Relocation.selleragreestorelocateexistingirrigation,electrical,orothersystemslocatedon the parcet, if any, inctuding, uut noiimitJO-to, iirlgaiion tine"Isptiikler valves, electricalwiring, etc ("Systems")' ffi; i" 6; ";ri;;n""r"it ot -n"trutton, wit[out any turther notification from the Countv. Seller assumes iuii r"iponrioiritv for the retocatioi'oiirr Svit"r. and theit performance on the remainder property after relocation. Seller holds tn" county t"-r"Js to,. any and all possible damage to the systems in the event Setter fails to relocate the Systems prior to the commencement of construction. B. Retention of tmorovements. seller acknowledge_s that the county has compensated seller for the value of all improvements and-E-ndscaping ("lmprovemenis") located within the Parcel, and yet the County i" rlf lng to permii Seller to s"tuag" "aiO tmpiovements provided same are removed from the Parcel prior to if," *rriren""r"nt of constructt'n. lf Seller elects to retain any lmprovements located on the Parcel, Seller ;;6;;;i;i; f"r tt eii remorat prior to ttre commencement of construction, without any further notification from the County. All lmprovements ra."ining on the Parcel atthe time of commencement of construction shall be deemed abandoned bY Seller. C. This section shall survive Closing and is not deemed satisfled by conveyance of title 7. lNeEgMNg. A. lnspections. Following the date of the parties' execution of this Agreement' the county shall have the right, at its sote cost anJ "ip"n"", to conduci whatever investigations and inspections ofthe Parcel in"t- ii 0""'rJ appropriate, incfrOffi,- *iit out limitation, a title examination, property survey, appraisal, environmental assessments, "ngin".iinJ itudies, soil borings, determination of compliance of the Parcel with "piiiJ"Or"ij*r, rrd ah" tiku. dti;; "h"i providethe Counf with reasonable access to the Parcel to conduct oilsite inspecflons. rne countyinati piomptty repair any damage to the Parcel caused by such on-site inspections. B.countv,sRiohttoTerminate.NotwithstandinganythinginthisAgleementtothe.contrary,the County'i outig;ion; und; thisT;Effient to purchase -the 'Parcel are contingent upon the Countv's satisfaction with the parcet, in"f raing -;iii,ort limitation, as revealed by the County's investigations and inspections as set forth n"r"in -li, piiJ, io tne ctosing, the county idenrifies ,ly "bl:.il"l1?:.mafters and oeGimines tnat such objections can;ot uJ resotved toihe County's satisfuction through reasonable diligence' *it-nin " i"""on"ble period ot time, anJ at i reasonable cost, all as determined by the County in its sole discretion, the county shall have the right to terminate this Agreement by written notice to seller, whereupon ,"iin"i p"rty shall thereafter n"* "nV iigi t. or obligations un-der this Agreement The County may, but shall nofoe rlqui,'eo to, provide Seller with an opportunity to rectify such objections' 6. lRRt GATION SYSTEM ND MISC ELLANE OUS IMP ROVEM NTS I SELL R'S RE ESENTAT ONS ANO WARRA NTIES. Seller makes the following representations and wananties on the date of Seller's execution o f this Agreement. and shall be d eemed to have repeated same at Closing: (a)SelleristhesoleowneroffeesimpletitletothePropertyandhasfullrigh(power,andauthority to own and operate ite-eroperty, to er"crt" this Agreement, and to fulfill seller's obligations under this Agreement and the Closing Documents (b) No tenant or other party has any right or option to acquire.the P"l.""l?] t:,:::-Ty the Parcel' or' if appticabte, settei snitt disclo6e iame to the county in the applicable closing Documents. (c) Selleis title to the Property is free and clear oJ all mortgages and other liens and encumbrances, except as may Oe aeiiosdO in the title commitment, title ieport, or attorney title opinion obtained or to be obtained prior to the Closing' (d)BetweenthedateofSeller,sexecutionofthisAgreementandtheClosing,Sellershallnotdo anythingtoencumberthetitletotheP'operty,orconveytheParceltoathirdparty,orgrantto any third p"tty "ny ight" of any kind wiih r;spect to the Parcel' or do anything to change or 3 Page 2336 of 4908 permit to be changed the physical condition of the Parcel, without in each instance obtaining the County's prior written consent, which may be granted or withheld in the County's sole discretion. (e) No maintenance, construction, advertising, management, leasing, employment, service, or other contracts affecting the Parcel shall remain in efiect following the Closing. (f) There are no governmental proceedings or investigations of any kind, formal or informal, civil or criminal, pending or threatened, that may affect the Property or adversely affect Seller's ability to perform Seller's obligations under this Agreement. (S) The Property is in compliance with all federal, state and local laws, including, without limitation, environmental laws; no unsafe levels of radon, mold, lead, or other pollutants or hazardous substances have been used, generated, stored, treated, or removed from the Property, nor is there any lawsuit, proceeding, or investigation regarding same; the Prop€rty has never been used as a landfill, and there are no underground storage tanks on the Property; there has been no spill, contamination, or violation of environmental laws pertaining to any contiguous property; and Seller has not received notace and otheMise has no knowledge of any existing or threatened environmental lien against the Property. (h) None of the improvements located on the Parcel, if any, encroach upon adjoining properties, and no improvements located on adjoining properties encroach upon the Parcel. 9. DEFAULT: REMEDIES. lf either party fails to perform any of its obligations under this Agreement and fails to cure such failure within 15 days after receiving written notice thereof from the non{efaulting party, the non-defaulting party shall have the right to terminate this Agreement by glving written notice of termination to the defaulting party: without limitation of any other rights and remedies available to the non{efaulting party at law or in equity, including, without limitation, the right to seek specific performance, and to recover damages, including attorney fees and court costs, in connection with such defaulti all rights and remedies being cumulative. 11. NOTICES. All notices given by either party to the other under this Agreement shall be in writing and shall be personally delivered, or delivered by a traceable courier, or mailed by U.S. certified mail, to the parties at their respective addresses set forth in the introductory paragraph of this Agreement, or such other address as may be specified by either party from time to time by written notice to the other party. Notices shall be deemed given on the date of receipt if personally delivered, or delivered by courier, or 3 days after mailing. 12. GENERAL PROVISIONS. A. Successors and Assions. This Agreement shall inure to the benefit ofand be binding upon the parties and their respective heirs, executors, personal representatives, successors and permitted assigns. B- Assionment. The parties shall not assign any rights or obligations under this Agreement to a third party without the prior written consent of the other parly. C. Entire A reement. Thi s Agreement constitutes the entire agreement of the parties as pertains to the subject matter hereof, and there are no prior or contemporaneous written or oral agreements, undertakings, promises, warranties, or covenants not contained herein. D. Amendments. AII amendments to this Agreement must be in writing and signed by both parties 4 .CA 10. INDEMNIFICATION: WAIVER OF CLAIMS. Seller shall indemnify, defend. and hold the County harmless from and against all claims and actions asserted against the County, and all damages, losses, liability, penalties, fines, costs and expenses, including, without limitation, attorney fees and court costs, suffered or incurred by the County, arising from (i) Seller's representations and warranties in this Agreement or in any of the Closing Documents if untrue: or (ii) Sellels failure to perform any of Seller's obligations under this Agreement, irrespective of whether the County delivers a written notice of default to Seller; or (iii) injuries, accjdents or other incidents occurring on the Property prior to Closing. Page 2337 of 4908 E. Time Periods. lf any deadline or expiration of any time period provided for hereunder falls on a Saturday, Sunday or legal holiday, such deadline or expiration shall be extended to the following business day. F. Survival. All provisions of this Agreement that are not, or by their nature cannot be, performed prior to the Closing, including, without limitation, Seller's representations, warranties, indemnity obligations, shall survive the Closing- G. Severabilitv. lf any provision of this Agreement is determined to be legally invalid or unenforceable, such provision shall be severed from this Agreement, and the remaining provisions of this Agreement shall remain in full force and effect. H. No Waiver. No party shall be deemed to have waived its right to enforce any specific provision of this Agreement unless such waiver is in writing. Any such written waiver shall be applicable only to the specific instance to which it relates and shall not be construed as a continuing waiver as to future instances or as a waiver of any other provision. l. Governino Law: Venue. This Agreement shall be governed and construed in accordance with the laws of the State of Florida. All disputes arising under this Agreement shall be brought solely in the courts in Collier County, Florida, and the parties hereby agree to said venue. Date a LEO D 2024 COUNTY: COLLIER ATTEST: CRYSTAL K. KINZEL, Clerk of the Circuit Court & Comptroller By Deputy Clerk Approved as to form and legality DEREK D, PERRY, ESQ. Assistant County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By CHRIS HALL, Chairperson 5 o Last Revised 3/22123 "^ lN WTNESS WHEREOF, the parties have executed this Agreement on the dates indicated below, effective as of the date this Agreement is executed by the County. 2024 SELLER: Date: ) Page 2338 of 4908 EXHIBII A -Pase 1-of 11 '12TH AVENUE N.E E eh $ rR cr tt8 t6rllol{ Doaonn D IiIYET 3 t.Evlltlual! (ElE{ I DA/1s 3 8 t T IRACT IIA E'OE.IE!. .DIEE E SicET iom.E! 0e Nrlol Ei$ VANDERBILT BEACH ROAD srt t2+29 sra !e5+55 N SQ.FI. FEE OR SOUARE FEET PROPOSED FEE SIMPLE ACAUEMON OFFICI^L RECORDS (BOOX/PAGE) PROPOSM FEE SIMPLE P^RCEL E S IE - ROYI oAIED/EI luD I 04/23 /2021 LEGAL DESCRIFnON FOR PARCEL 1375fEE A PORTION OF IRACT 11O, GOI.I)E{ GA'IE ESIAIES UIiII 75, AS RECORDED IN PLAT BOOX 5, PACE . Or lHr puguc neconos or coLUER couNTY, FLoRIDA LYING lN IECJION 31' Toffi'ElllP 4a so'unr, mlrcr ie EAsr, coLUEn couNTY, FLoRTDA, BRNG rloRE P RncUtARLY DESCRIBD As FOLLO S: THE SOrrTlr 100 FEr OF SAl0 TR^CI 110. CONTAINING 33,OOO SQI.JARE FEET, ASO BEING 0.75 ACRES' MORE OR LISS. ..*'jr"t".,. Digitallysigned -..':Ul+ial.d', by Michael -J r ,''rs '.,/ i , -: Ward iai lll/' iF.!o"t", ',1j,,;\*.!sp:;1*':j 2024.u.23 ',:;*,,1.1::-r'r 1 4:o2:37 -o4,oo, rl'ua a nxo PicEwr ulo SnEronnmEedr^,r.lcEr'*^,f,o'!l,o!SKEICH & DESCRIPTION ONLY NOI A EOUNOARY SURVEY FORi CoLUm couNTY GOVERNIENT EOT,RD OF COUNTY coVMlSSrcNmS 5t,06 so. Fr. !rE EEit-5E Fio?ostD PlaCE- rrlflr VTNDEBBILT BEACE ROI.D UIENSIONAEASE tr SNSIEE & DBSCBIPI'IoN or: PnOPoSE) FB SIIPLE acqrlsmoN PlncEL rsT6rEE COUJEE COUNTT, TU)RIDA m N+.!Fb&glol PruE: (zro) s9r{575 F1\)( (239) s7.c5,'l JOg NUUEER 060119.0E-00 REYSION 0l SECIION 31 TOV9lSUtP 4AS RANCE z8t SCILE olE 03/o1/21 DRASI{ BY TAT BL.E NAIIE s(1rsfrE SHEFI 11OF ) o.a TRACT IIO GOI.I€N GAIE ESTAIES uNn 75 HrT mx 5 PtoE ll TRASI 99 GO[DCN GAIE ESIATES UNrI 75PratglPxfrr rRrcr I 't 7IIE, altrEaoi lcalz Page 2339 of 4908