Proposal Flagler Golf Management, LLC (FGM), will negotiate and - PowerPoint PPT Presentation

Proposal

 Flagler Golf Management, LLC (“FGM”), will negotiate and enter into a 40 year lease agreement for the 34 acre parcel inclusive of the entire property including all buildings, equipment, fixtures in an “As Is,” “Where Is,” condition, including clubhouse, and existing beer and wine license with the City of Flagler Beach, Florida, currently known as Ocean Palm Golf Course.

 FGM will bring the golf course and clubhouse to operational condition, within 120 days of lease commencement. Greens will be over seeded for this winter and replant in the Spring of 2016 for the growing season.  FGM will renovate clubhouse at its own expense. Cost of the renovation shall not exceed 50% of the building value.  The Driving Range will be shortened and modified for IRONS ONLY.

Fazio Golf Design World renowned

 At our sole and absolute expense, we will team with, WORLD RENOWNED golf course design team FAZIO GOLF DESIGN. We will redesign, as it deems fit, and increase the agriculture to a more pristine condition over the next 2 years. This will give the venue a highly sought after appeal for the local and visiting golfer.

 FGM will employ a PGA member (“Manager”) to manage the golf and clubhouse operation at a highly professional level. Manager will promote and conduct various weekly men’s and ladies golf leagues and tournaments, as well as instructional clinics.  Manager will also be highly proactive in the “hook-a-kid on golf” concept and will conduct FREE clinics and golf etiquette and introduction to bring a feel of local golf community to the local schools.

 The lease term will be for $1.00 for the first five (5) years of the lease and then 3% of the gross revenue derived from the entire operation to include golf, food, and beverage for the remaining thirty-five (35) years. However, this revenue will not include revenue earned by golf professionals receiving compensation for lessons.

Repair irrigation system (including 2 new pumps $80,000.00 and controllers) Remove Brazilian Pepper, chip Brazilian Pepper for $20,000.00 cart path & common area mulch Clubhouse repair $50,000.00 Water and electric connection $500.00 Dumpster – construction only $600.00 Security cameras $1,200.00 Replant greens/Over seed $7,000.00 Driving range net $5,000.00 Range ball dispenser & picker $2,000.00 Total $166,300.00

Greens mower $4,000.00 Tee mower $4,000.00 Fairway mower – reel $4,000.00 Fairway mower – hydraulic reel $10,000.00 Rough mower – rotary $6,000.00 Rough mower –reel $4,000.00 Small tractor $15,000.00 400 pound spreader $2,000.00 100 gallon spray rig $2,000.00

Utility vehicle $10,000.00 Top dresser $2,500.00 Small equipment/hand tools $4,000.00 Course equipment (flags, coolers, markers, $1,000.00 etc.) Pickup truck $7,500.00 6’x12” trailer $1,000.00 Golf carts (10) $30,000.00 Miscellaneous tools $1,000.00 Total $108,000.00 Capital Improvements $166,300.00 Total Investment from FGM $274,300.00

 FGM will remove the Brazilian Pepper trees plaguing a great portion of the property. We ask the City to contribute their budget money used for current mowing ($14,700).

Pro $25,000.00 + bonus Working Superintendent $35,000.00 Labor (2 @ $25,000.00 each) $50,000.00 Mechanic –part-time $10,000.00 Total $120,000.00 (+)

Irrigation Supplies $3,000.00 Fertilizer $15,000.00 Pest Management $10,000.00 Overseeding $1,200.00 Equipment Repair $5,000.00 Equipment Rental $4,000.00 Equipment Replacement $10,000.00 Fuel & Oil $5,000.00 Sand & Topsoil $2,000.00 Utilities (water & electric) $10,000.00 Portable Restroom (between #5 & #7 green) $1,200.00 Insurance $2,500.00 Total $68,900.00 Total from Salaries $120,000.00 Annual Operating Costs $188,900.00

 FGM estimates the Golf Course should have 20,000 rounds of golf per year. Greens fees shall remain low to attract more play at $20/9 holes ($400,000.00).  Additional revenues to include:  Driving range operation ($10,000.00).  Golf cart and club rental ($20,000.00).  Food and beverage ($40,000.00).  Expected gross revenue ($470,000.00)

 Gross revenue projection $470,000.00  Annual Operating Costs $188,900.00  Projected Net Revenue $281,100.00

 The City of Flagler Beach will maintain a “friendly” public/private partnership with Flagler Golf Management, LLC, throughout the term of the lease to establish a mutually beneficial partnership lease with both parties.

 AS AS Degr egree – Go Golf Co Cour urse Ope perations – Lake City ity – 197 977  Cert rtif ific icate te of of Comp ompete tency – Irrigati ation on – Pal Palm Beac Beach – 198 986  Cert rtif ific icate te – Landscap cape/Irrigati ation on A Auditor tor – Irrigati ation on A Associat ation on – 199 996  Irrigati ation on L License e – Fla lagle ler C Cou ounty – curre rrent

198 1986-1988 PGA Nat ational Reso sort an and Spa, a, Pal alm Beach Gar ardens, FL  Dire rector or of of Outs utside Opera erations- Managed sta taff and nd op opera erations of of thi this worl orld class gol olf res resor ort to to inc nclude 350 golfcarts rts, driving ran ange, an and tourna urnament ent coordina nati tion. on. Dur uring my y ten tenure was the the PGA NATIONAL was the the sight of of the the 1987 PGA CHAMPIONSHI HIP, 1986-1990 PGA SENIORS CHAMPIONSHI HIP.  198 1989-1991 Caesar’ r’s Atlanti ntic City ty Resort ort and Casino, Atlanti ntic City, y, New  Jers Jersey VIP VIP SERVICES AND IN INTERNATIONAL MARKETING HOST- Est stablished an and  maintained rel relationships betw etween casino and nd the the top top .5% of of players rs of of the the worl orld gaming ind ndustry ry. 199 1991-1995 CASSAR ARA A SIGNAT NATURE E PROPER ERITES ES, MIAM AMI BEAC ACH, FLORIDA A  VICE-PRESIDENT of HOTEL/CU VIC CUSTOME OMER DEVELOP OPME MENT- Inv nvol olved ed in n all  aspec ects of of planning, mark rketing, des esigning of of a bra rand nd new new 1000 room room hote hotel on on Miami Bea each. Proj roject was ev even entually sol old to to JW JW Marr rriott tt Hote otel Co Co.

 2000 000-PRESENT R RENT F FIND NDERS USA USA A AND ND JORDYN T N TAYLO LOR INTE TERN RNATIONAL REALTY TY A AND DEVELOPME MENT, T, P PALM BEACH,FL AND ND W WANC NCHAI, H HONG NG KO KONG NG  FOUND NDER/ CEO/PRESID IDENT NT- Sta tarted ted a a Gen Gener eral Rea eal E Esta tate te firm irm in in Sout uth F Flo lorida in in 20 2000. By By Mid Mid 200 2001 had had t tak aken comp ompany to to a publicly tr traded ed en enti tity ty with th 1 17 l loc ocati tions, ov over er 30 300 ag agent nts. In In 2 2006 p prior or to to th the e Rea eal Esta tate c te col ollapse, e, JT JTP did id ove ver $1 r $100,000,000.00 in Re in Real E al Estat ate sale ales and and le leas ase value lues for a revenue nue o of over $ $10, 10,00 000,000 000.00 00. I I have b e been een the he Bro Broker o of Re Reco cord f for r ove ver 50, r 50,000 RE RE t tran ransactions. I I bro rought J JTP TP b back ack t to a a pri rivate co company and and hav have maint ntaine ained s such s ch since ce 2 2011. 011.Sin ince ce 2011 011, w while le m maint ntain aining ing 100% 00% o owners rship hip of Rent nt F Find nders rs U USA, I I have ve s shifted m my foc focus to to RE a asset et ma managem emen ent to to include a e acquisiti tion, re reno novation, man anagement and and s sale ale. I have ve s succe ccessfully ully re reno novated and and s sold ld o ove ver 300 r 300 p pro roperties in in the he las last 4 4 years ars and and hav have d done ne re renovations in in exce cess 10 10,000,000.00.

 FGM w will e ll establis lish a a scholar arsh ship p progr gram am t to be named b by y them at at a a lat ater t time.  FGM w will c ll conduct a an a annual l golf tou f tournament w t with th the proce oceeds fr from om th the tou tournament t and o d other er r reven enue s e sources es t to be gi given t to a a se selected LOCAL L high sc school ap applicant.  Sele lectio ion o of said a applic licant w will ll be mad ade by a sc y a scholarship com ommitte tee c con onsisting of C f City ty of Flagle ler B r Beach c commis issio ion members, s, F FGM, a and o other ad advisors. s.