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Backup Documents 12/09/2025 Item #16B 8ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP VeCoc TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO 1 6 B 8 THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE ,Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines #1 through #2 as appropriate for additional signatures, dates, and/or information needed. If the document is already complete with the o...:o -1, Chair.nan'e si nature draw a line thronoh rontino lines #1 through #2- complete the checklist. and forward to the County Attorney Office. Route to Addressees (List in routing order) Office Initials Date 1. 2. 3. Jeff Klatzkow, County Attorney County Attorney Office 1-1 ILI 4. BCC Office Board of County Commissioners du 5. Minutes and Records Clerk of Court's Office PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the ..Llt,n, .n nPAd to contact staff for additional or micsina information Name of Primary Staff Lorraine Lantz Phone Number 252-5779 Contact / Department Agenda Date Item was 12/9/25 Agenda Item Number 16b8 Approved by the BCC Type of Document Agreement Number of Original 1 Attached Documents Attached PO number or account number if document is 313-163673-633011-601711 to be recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark "N/A" in the Not Applicable column, whichever is Yes N/A (Not appropriate. Initial Applicable) 1. Does the document require the chairman's original signature? LL 2. Does the document need to be sent to another agency for additional signatures? If yes, N/A provide the Contact Information Name; Agency; Address; Phone on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be LL signed by the Chairman, with the exception of most letters, must be reviewed and signed by the Office of the County Attorney. 4. All handwritten strike -through and revisions have been initialed by the County Attorney's N/A Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's signature line date has been entered as the date of BCC approval of the LL document or the final negotiated contract date whichever is applicable. 6. "Sign here" tabs are placed on the appropriate pages indicating where the Chairman's LL signature and initials are required. 7. In most cases (some contracts are an exception), the original document and this routing slip LL should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on 12/09/25(enter date) and all changes LL made during the meeting have been incorporated in the attached document. The County Attorne 's Office has reviewed the changes, if applicable. 9. Initials of attorney verifying that the attached document is the version approved by the LL BCC, all changes directed by the BCC have been made, and the document is ready for the Chairman's signature. _]PI 1: Forms/ County Forms/ BCC Forms/ Original Documents Routing Slip WWS Original 9.03.04, Revised 1.26.05, Revised 2.24.05; Revised 11/30/12 1 6B8 All DEVELOPEMENT AGREEMENT Silver Strand Mine THIS DEVELOPEMENT AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into this 9'4' of �)&ce,,., E„,- , 2025, by and among Silver Strand III, LLC, a Florida limited liability company (hereinafter referred to as the "Landowner"), Barron Collier Partnership LLLP, as successor by merger to Barron Collier Investments Ltd ("Barron Collier") and Collier County, Florida, a political subdivision of the State of Florida (hereinafter referred to as "County"). RECITALS - WHEREAS, Hogan Farms LLC and Collier County entered into a Restated Developer Agreement for Brightshore Stewardship Receiving Area dated July 8, 2025 and recorded in Official Records Book 6488 page 610 et seq. ("Brightshore DCA"); WHEREAS, Paragraph 10 of the Brightshore DCA provides for the exchange of Hogan Farms LLC property ("Land Swap") for County property along Camp Keais Road to allow for the realignment of the intersection of Camp Keais Road and Immokalee Road; WHEREAS, the Landowner is seeking approval of a conditional use, Petition No. PL20220001634 (the "Conditional Use"), to operate a mine on approximately 204 acres (the "Project") within a larger 3,937.88± acres tract of land (also owned by Landowner), such larger tract of land being located between State Road 29 to the East, Camp Keais Road and Immokalee Road to the west and Stockade Road to the Northwest, in Sections 13, 14, 15, 22, 23, 24 and 27, Township 47 South, Range 29 East, Collier County (hereinafter referred to as the "Development"); and WHEREAS, Barron Collier owns additional land in close proximity of the Development; WHEREAS, the County may desire to extend, expand or improve Immokalee Road in the future, and create a roundabout at the approximate intersection of Camp Keais Rd and Immokalee Rd (the "Intersection"); and WHEREAS, Barron Collier is willing to reserve right-of-way for future improvements to Immokalee Road. WHEREAS, in lieu of setting forth the below commitments in the Conditional Use approval, the parties wish to enter into this Agreement as a companion agreement to the Conditional Use approval, which would allow for an easier amendment of these commitments should circumstances dictate. WITNESSETH NOW, THEREFORE, in consideration of Ten Dollars (10.00) and other good and valuable consideration exchanged amongst the parties, and in consideration of the covenants contained herein, the parties agree as follows: - - _ INSTR 6762742 OR 6535 PG 268 [25-TRO-00420/1972102/1116 RECORDED 12/11/2025 4:26 PM PAGES 15 9-16-25 CLERK OF THE CIRCUIT COURT AND COMPTROLLER COLLIER COUNTY FLORIDA CAC3 REC $129.00 INDX $1.00 s . • 1. All of the above RECITALS are true and correct and are hereby expressly incorporated herein by reference as if set forth fully below. Commitments 2. At time of execution of this Agreement, Barron Collier agrees to set aside and reserve the 12-acre parcel south of Immokalee Road in Section 21, Township 47 South and Range 29 East, as shown on Exhibit A (the "Pond Reservation"), for the County to utilize as a Transportation Pond Site for stormwater treatment and attenuation for future Immokalee Road improvements. Barron Collier shall convey 5 acres (the "Pond Parcel") of the Pond Reservation to Collier County in fee simple, free and clear of all liens and encumbrances, by warranty deed within sixty (60) days of the County's written request, in the form attached as Exhibit B (but subject to prior reservations of record). The County's written request will include the legal description of the Pond Parcel. Barron Collier will be responsible for paying any and all costs of any title work and searches and shall be responsible for all costs for promptly removing or curing any liens, encumbrances on deficiencies revealed in any title work (but it is expressly agreed that with respect to any prior reserved oil, gas and mineral rights, Barron Collier's only obligation shall be to obtain a release of the surface entry rights (if applicable)). Barron Collier will promptly provide the Office of the County Attorney with an executed deed, suitable for recording. Upon receipt, the County shall assume all costs associated with the recordation of the deed. When the Land Swap and Pond Parcel conveyances are complete, the Pond Reservation will terminate. 3. At the time Collier County completes the final design of the future Immokalee Road improvements and identifies the proposed right-of-way needs within 1 mile of the proposed roundabout or other improvements at the Intersection, Barron Collier agrees to work in good faith to set aside and ultimately convey right-of-way, including the Pond Parcel, in exchange for swapped land, impact fee credits, or cash at $23,000 per acre, based on the 2025 appraisal summaries prepared by Carroll & Carroll and RKL Appraisers, copies of which are attached as Exhibit D. Collier County agrees to vacate and convey any existing right-of-way not required by the future improvements back to the adjacent property owners for the same per acre value. Notwithstanding the above, it is the intent of both parties to make these conveyances consistent with Paragraph 10 of the Brightshore DCA recorded in OR BK 6488 PG 610. To the extent any portion of the right-of-way to be conveyed under this Agreement is associated with the realignment of the intersection of Camp Keais Road and Immokalee Road, as described in Paragraph 10 of the Brightshore DCA recorded in OR BK 6488 PG 610, such right-of-way shall be exchanged for an equal amount of acreage of the County's Camp Keais Road property and shall not be eligible for road impact fee credits or cash compensation. All other right-of-way after the swap shall be eligible for compensation of $23,000 per acre or impact fee credits. 4. In lieu of the requirements set forth in Section 22-111 (a)(3)(f) of the Collier County Code of Laws and Ordinances, the Landowner agrees to pay a one-time $200,000 fee prior to the preconstruction meeting for the excavation permit and $40,000 annually (due on the anniversary of the preconstruction meeting) for mitigation of adverse impacts to the roadways for the duration of any active mining activities occurring under excavation permits issued for the Silver Strand Mine. The fees in this Paragraph are intended to cover capital improvements/ongoing maintenance of roadways that may be impacted by the Project's vehicles within a 10-mile distance of the Project entrance. These fees also eliminate the need for a "pre -haul roadway inspection" with the Collier County Maintenance Division at the time of pre -construction. [25-TRO-00420/1972102/1116 2 9-16-25 CA© 5. The Landowner will maintain the public road(s) at the Project entrance(s) of the Silver Strand Mine, as shown on the Conceptual Site Plan for the conditional use (PL20220001634) which is attached hereto as Exhibit C, and within 100' of the Project entrance(s) while the Project is operated as an active mine. 6. Landowner may participate in the review of schematic designs for the Camp Keais Rd/Immokalee Rd roundabout, and the County will allow the Landowner to participate in the final roundabout design for the future roadway to the east. The County may consider Landowner's comments and will select the final design in its sole discretion. 7. At time of Site Development Plan, Landowner will construct and pay for operational access improvements required by the County at each entrance to the Silver Strand Mine (PL2022O001634), as shown in Exhibit C and located within the Project, including but not limited to site improvements such as turn lanes. 8. If, the Collier County Transportation Management Services staff determine that, a traffic signal, or other traffic control device, sign or pavement marking improvement within a public right-of-way at the Project entrance(s) of the Silver Strand Mine property is necessary, Landowner will pay its fair share of the cost of traffic signals including the cost to design, permit and construct such improvement, within 60 days of the County's written request. 9. Within 60 days of written request by County, Landowner agrees to pay its fair share of the road improvement costs for the east leg of the Camp Keais Road/Immokalee Road roundabout including but not limited to travel lanes, turn lanes and sidewalks as soon as the Development is permitted for non -mining purposes. The fair share will be based on the percentage of Development traffic compared to through public traffic calculated at the time the Development is going through the Stewardship Receiving Area approval process. 10. Landowner will not be required to provide sidewalk(s), or payment in lieu, per LDC Section 6.06.02 for the Silver Strand mining Project. Sidewalks will be required at future residential, commercial, or other non -mining development of the Development. 11. Landowner will not be required to provide compensating right-of-way per LDC Section 6.O6.O1.1-1.3 for turn lanes providing access to the Silver Strand mining Project (PL20220001634). In the event that roadside swales or other improvements are required to be relocated into the Development property to construct the turn lanes required for the mining project, Landowner will grant a temporary drainage and access easement to the County to allow the County to operate and maintain the roadside swales or other improvements located within the Development property. The temporary drainage and access easement will expire upon the County completing permanent roadway improvements at Immokalee Road and Camp Keais Road. 12. The Landowner and Barron Collier agree to support and cooperate fully in the addition of a future public road right-of-way in the area of the Camp Keais Road - Immokalee Road Intersection and connecting to SR 29, as generally shown on the Conceptual Site Plan for the conditional use (PL20220001634) for the Silver Strand Mine, attached as Exhibit C. The final alignment and width of the right-of-way will be determined no later than at the time the Silver Strand Mine Project is developed as a Stewardship Receiving Area through the Rural Lands [2 5-TRO-00420/ 1972102/ 1116 9-16-25 CAO Stewardship Area program. Developer will receive Road Impact Fee Credits or cash for any conveyance of land from Developer to Collier County for the public road connecting Immokalee Road to SR 29 which will be by separate agreement; however, it is agreed that the value of the property conveyed to the County shall be equal to the appraised value of the property before any rezone or change in use. The appraisal will be done by the Landowner and subject to approval by the County. 13. Landowner, on behalf of itself, its successors and assigns (including any and all future owners and tenants, both commercial and residential, within the Development) hereby waives any and all claims for compensation and damages, including but not limited to future business damages, and loss of access, from Collier County as a result of the future construction activities. 14. All Road Impact Fee credits identified herein shall run with the Development and shall be automatically reduced by the entire amount of each Road Impact Fee due for each Building Permit issued thereon until the Development is either completed or the credits are exhausted or otherwise assigned. Any assignments of Road Impact Fees shall be governed by the Collier County Consolidated Impact Fee Ordinance, as amended from time to time. Legal Matters 15. This Agreement shall not be construed or characterized as a development agreement under the Florida Local Government Development Agreement Act. 16. The burdens of this Agreement shall be binding upon, and the benefits of this Agreement shall inure to, all assigns successors in interest to the parties to this Agreement. The term "Landowner" shall include all of Landowner's assigns and successors in interest. 17. Landowner acknowledges that the failure of this Agreement to address any permit, condition, term or restriction shall not relieve either the applicant or owner or its successors or assigns, of the necessity of complying with any law, ordinance rule or regulation governing said permitting requirements, conditions, terms or restrictions. 18. In the event state or federal laws are enacted after the execution of this Agreement, which are applicable to and preclude in whole or in part the parties' compliance with the terms of this Agreement, then in such event this Agreement shall be modified or revoked as is necessary to comply with such laws, in a manner which best reflects the intent of this Agreement. 19. Landowner shall execute this Agreement prior to it being submitted for approval by the Board of County Commissioners. This Agreement shall be recorded by the County in the Official Records of Collier County, Florida, within fourteen (14) days after the Effective Date. Landowner shall pay all costs of recording this Agreement. The County shall provide a copy of the recorded document to the Landowner upon request. 20. In the event of any dispute under this Agreement, the parties shall attempt to resolve such dispute first by means of the County's then -current Alternative Dispute Resolution Procedure, if any. Following the conclusion of such procedure, if any, either party may file an action for [25-TRO-00420/1972102/1116 4 9-16-25 CAO injunctive relief in the Circuit Court of Collier County to enforce the terms of this Agreement, and remedy being cumulative with any and all other remedies available to the parties for the enforcement of the Agreement. 21. Except as otherwise provided herein, this Agreement shall only be amended by mutual written consent of the parties hereto or by their successors in interest. All notices and other communications required or permitted hereunder (including County's option) shall be in writing and shall be sent by Certified Mail, return receipt requested, or by a nationally recognized overnight delivery service, and addressed as follows: To County: Collier County Manager's Office 3299 Tamiami Trail East, Suite 202 Naples, FL 34112-5746 To Barron Collier: Barron Collier Partnership LLLP 2600 Golden Gate Parkway Naples FL 34105 To Landowner: Silver Strand III, LLC 2600 Golden Gate Parkway Naples FL 34105 22. This Agreement, together with the Conditional Use, constitutes the entire agreement between the parties with respect to the activities noted herein and supersedes and takes the place of any and all previous agreements entered into between the parties hereto relating to the transactions contemplated herein. All prior representations, undertakings, and agreements by or between the parties hereto with respect to the subject matter of this Agreement are merged into, and expressed in, this Agreement, and any and all prior representations, undertakings, and agreements by and between such parties with respect thereto hereby are canceled. 23. Nothing contained herein shall be deemed or construed to create between or among any of the parties any joint venture or partnership nor otherwise grant to one another the right, authority or power to bind any other party hereto to any agreement whatsoever. REMAINDER OF PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGE TO FOLLOW [25-TRO-00420/1972102/1116 9-16-25 CAA IN WITNESS WI II RFOF, the parties hereto have caused this Agreement to be executed b% their appropriate officials, as of the date first above written. ° IN/H . t let eel�41sl' p. attest as to ChairmanAs signature only. 1h�1"I�I��Sh,S� AS TO COUNTY: BOARD OF COUNTY COMMISSIONERS COLLIEPACOUNTY.110RIDA B." � ` Burt L. SaUMICI-S. Chairman AS TO THE LANDOWNER: - SILVER STRAND 111, I.LC„ a Florida limited Signature liability company Printed Name: k-TQV11NHV1Ta6- _ _ Mai IingAddress:.2jppG-4e}Rw By: Barron Collier Management LLC, a �Gchp� I:Iorida limited liability company, its Manager By Signal Printed Name: Oda, � Printed Name: Mailing Address: u&� l� 114e ��e 06911 , Ng1q--FL —3-WVS Title: �Nil t= S1a1�1 T1.►.e—�� n4 tC��fZ STATE OF COUNTY OF Coc-c-jFj.. The foregoing was acknowledged before me by ri�w,�,__ y e ,n , as �Q_ of Barron Collier Management, LLC, a 1. orida limited liability company, the Manager of Silver Strand III, U.C. a Florida limited liability company, by means of physical presence, who Rls personally known to me or O has produced as identification. Witness my hand and official seal this nD day of 2025. =o`•""'�'`8��= SABINAHARDY *i *' MY COMMISSION # HH 343836 �9rF-...•oP EXPIRES: January 14, 2027 •..�F F4.. 125-TRo-00420 1972102i 1116 9-16-25 Notary Public Signature � V Notary Public Printed Name My Commission h:xpires: V1V-Z02-7 A',, 10 BARRON COLLIER: — 13ARRON COLLIER PARTNERSI11P I.I.I.P. Signatur L.I.C, a Florida limited partnership Printed amc: /a% ' 1 �L-' W Mailing Address: % 4rk Barron Collier Management U.C. a A16�4/ 31�1orida limited liability company, its Manager Signature Printed Name: _Bo vivivi TM t Mailing Address:2app STATE OF COUNTY OF By: _ Printed Name: ��� �QnyEN Title: l:iEF-zlw�T�1� The foregoing was acknowledged before me by ?-.)6L1 h,t_C l 1e yl , as N — of Barron Collier Management, LLC, a FFlo_r+lC�1,a limited liability company, the Manager of Barron Collier artnership LLLP, a Florida limited partnership, by means of physical presence, who is personally known to me or ❑ has produced as identification. W itness my hand and official seal this day of ___Nnj evv,\, e #_� 2025. SABINAHARDY *: *= MY COMMISSION # HH 343836 "N�>F•...•o? ` EXPIRES: January 14, 2027 Apprk� fl a tlj� i and legality: Jeffrey . E; I vl.u�\ C Lid County 1101 °Y 104145— EXI IIt31l S: Exhibit A- 12 acre Reservation -Pond Site Exhibit B-Warranty need Exhibit C- Concept Plan for Conditional Use Exhibit 1)- Appraisal Summaries 125-1RO-00420/1972102/1116 9-16-2 5 Notary Public Signa ur b•tic.- . -Wr Notary Public Printed Name My Commission Expires: /202-77__ m =- CCD o o Z � Z_ CD d cn r n Z CL i1 C 3 o m c m D D C z tt) cD a cn � C cn 0 t'Oo C• M Z m Cl) D m ro �' z F O o — ,:� -- — -i O m o ,.+ m Z m v 4-i O I A n O 7� D _ss z n m 3 3 a _ u � Camp•Keais+D N N i i � C1 m m Ill 1 � D Z 6 a , z v Z z to X1`, m O c m ? y C m A m m z f _ m m Z _ �tt r µ tp o z 6 m / c Exhibit B PROJECT: PARCEL: FOLIO: WARRANTY DEED THIS WARRANTY DEED made this day of , 20J, by, whose post office box is ., (hereinafter referred to as "Grantor") to COLLIER COUNTY, a political subdivision of they State of Florida, whose post office address is 3299 Tamiami Trail East, c/o the Office of the County Attorney, Suite 800, Naples, Florida 34112 (hereinafter referred to as "Grantee"). (Wherever used herein the terms "Grantor" and "Grantee" include all the parties to this instrument and their respective heirs, legal representatives, successors and assigns. Grantor and Grantee are used for singular or plural, as the context requires.) WITNESSETH: That the Grantor, for and in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration, receipt whereof is hereby acknowledged, hereby grants, bargains, sells,., a liens, remises, releases, conveys and confirms unto the Grantee, all that certain land situate in Collier County, Florida, to wit: See attached Exhibit "A" which is incorporated herein by.refe.rence. This property was not acquired by the County pursuant to a petition in eminent domain regarding said property and is not subject to the restrictions imposed by Section 73.013, Florida Statutes. Subject to easements, restrictions, and reservations ofTecord. THIS HOMESTEAD PROPERTY TOGETHER with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining. TO HAVE AND TO HOLD the same in fee simple forever. AND the Grantor hereby covenants with said Grantee that the Grantor is lawfully seized of said land in fee simple; that the Grantor has good right and lawful authority to sell and convey said land; that the Grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is free of all encumbrances except as noted above. CNN 1 6 g 8 , 4- IN WITNESS WHEREOF, the said Grantor has signed and sealed these presents the day and year first above written. WITNESS �r ti (Signature) (Print Full Name)' (Signature) (Print Full Name) (Signature) (Print Full Name) (Signature) (Print Full Name) ''E 4 STATE OF COUNTY OFAel- t< The foregoing Warranty Deed was acknowledged before rnq� fhi5) .� day of 20 , by Who: ....� :� is personally known to me"� OR produced as proof of identity. (affix notarial sea[) (Signature of Notary Public) Last Revised: 10/15/10 c ^'O 00 ; . (Print Name of Notary Public) l Serial / Commission # (if any): My Commission Expires: STATE OF COUNTY OF The foregoing Warranty peed was acknowledged before me this _ 20 by who: is personally kno*'4in tomi� OR . produced as identity. =' (affix notarial seal) ,`ti(Signature of Notary Public) Name of Notary Public) Ser al kGommission # (if any): My C6,Vi6sion Expires: Approved as to form and legality: Assistant County Attorney Last Revised- 10MVIC day of proof of CAO 1 n m O � z C mm m � Dc z rD^ V m z p o � 0 z I CAUP KEAIS RD 1 r 1 r -� 1 D Z , M , mm m m rn Dm 1 O m A O co r r � 1 0 O >>am r 1 O O cO m O `m m c> -q m O O O C OX Zm 00 c O Z Nm m .ZJ D N Z Z r N OZ ZO Z > m n = A O > _ CA AO �n 0 c cp z � r c D r .. O m 1 O Dp mph c 0 cz 1n =m1 O A m n m m n 0 G) cn z mb A 0cn O O C N m c O m O m c OM mZ C OZ Z Z (n L) 00 m O om 1 T cm) I z m r O D Z r CO Z C = O 1 m= m�cr"im U) N X N r� om W mm-I m 1 m m oToaoo� - m z x> z3 x 3 _ m y m D n m Z D� D -i � o D W o D o A O co m `n z' O D< C O X�� �z�N m o z 1 era) m W D 0 c cn G) m D F o F m IMMOKALEE RD A r N D Z Lg 0 O Z C Z N r D i m1. m r m 10i O moo D Oho gym-{ �;- v w T NoN m m r m n r .Zm1 ZDT c N O ZOZ oU M0Z c � G wTm M 0.. D mD r D N O O Z� NOo cNr mDm � 0 m C C, A C OO W p mm y NO _ 0 Z 0 OC C O [ C v .. O A �n o0 Zp �c om o� <2 m 0y oA Ox m O C n O m v c 0 -JF SCALE: 1'-3000' m x 6 E Exhibit D Y 6893B Report Summary of Important Data & Conclusions SUMMARY OF IMPORTANT DATA AND CONCLUSIONS This information is summarized only for convenience. The value given is the final, rounded conclusion of the appraisal. To use this summary without first reading the appraisal report could be misleading. PROPERTY INFORMATION Property Identification Silver Strand III Parcel 439.00-acres located along Immokalee Road Immokalee, FL 34142 Property Description A 439.00-acre parcel located at the southeast corner of Immokalee Road and Stockade Road in Immokalee, Florida. Property Type Vacant Land Owner of Record Barron Collier Partnership, LLLP and Silver Strand III, LLC Property ID # All of Parcel#00137760103 and a portion of 00137640003 and 00138120001 CLIENT INFO & VALUE CONCLUSIONS Client Collier County Transportation Management Services Department Intended Use To assist in negotiation and decision -making purposes. Intended Users Collier County Transportation Management Services Department, the Collier County Board of County Commissioners, and Barron Collier Companies. Appraisal Effective Date January 8, 2025 Date of Report March 9, 2025 Date of Inspection January 8, 2025 Purpose of Appraisal Estimate market value "As Is" Estate Appraised Fee Simple Interest Appraised 100% Estimated Market Value (439.00 Acres x $22,000/Acre) $9,660,000 Concluded Unit Value $22,000 Per Gross Acre GENERALINFO Appraiser Timothy W. Sunyog, MAI State -Certified General Appraiser RZ 3288 Scope of Work All applicable approaches to value were developed. EXTRAORDINARY ASSUMPTIONS AND LIMITING CONDITIONS None HYPOTHETICAL CONDITIONS None Carroll & Carroll 1 CFO SILVER STRAND III SWAP PARCEL SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS SUMMARY OF IMPORTANT FACTS AND CONCLUSIONS GENERAL Subject: Silver Strand III Swap Parcel 2000 Camp Keais Road, Immokalee, Collier County, Florida, 34142 Owner: Barron Collier Partnership, LLLP and Silver Strand III, LLC Legal Description: To be determined. Tax Identification: Portions of 00137640003 and 00138120001 and all of 00137760103 Intended Use: The intended use is for negotiation and decision -making purposes. Intended User(s): Collier County Board of County Commissioners (County) and Barron Collier Companies (Barron Collier) PROPERTY Land Area: Total: 439.00 acres; 19,122,840 square feet Flood Zone: AH with some AE and minimal X Zoning: A -MHO - Rural Agricultural District within the Mobile Home Overlay (MHO) Future Land Use: 267t acres: Low Residential Subdistrict (LR) 172f acres: Open Lands within the Rural Lands Stewardship Area (RLSA) Highest and Best Use As Vacant Agricultural use and future residential development consistent with both future land use designations Exposure Time 12-16 months Marketing Period 12-16 months VALUE INDICATIONS Value Range of Comparables: $17,579 to $29,649 per acre Reconciled Value(s): As Is Value Conclusion(s) $10,540,000 Value Per Acre $24,000 Effective Date(s) January 8, 2025 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: None. Extraordinary Assumptions: There is reportedly a required easement agreement by Barron Collier to maintain the pumps and berms at the Silver Strand III parcel for the benefit of the South Florida Water Management District. There will also most likely be a further reciprocation agreement for drainage requirements once the parcel is developed. We are unable to determine any impact on value; therefore, we conclude the agreement will not affect value. We reserve the right to readdress valuation should this assumption be proven otherwise. Page 1 CNO u to z z L