2023-06-15 V. A. #23-003-TRC, Statement of InterestPARK STREET OKEECHOBEE, LLC
603 East Fort King Street
Ocala. Florida 34471
VIA EMAIL
April 6, 2023
City of Okeechobee / General Services Department
Attention: Patty Burnette
55 S.E. Yd Avenue, Room 101
Okeechobee, Florida 34974
Re: Park Street Commerce Center — Statement of Interest in Property
Dear Ms. Burnette:
On behalf of Park Street Okeechobee, LLC ("Applicant"), this letter constitutes Applicant's Statement of Interest in the
following property (collectively, the "Property"):
• Parcel #1: 2-15-37-35-OA00-00011-0000
• Parcel #2: 2-15-37-35-OA00-00009-0000
• Parcel #3: 2-15-37-35-OA00-00009-A000
• Parcel #4: 2-15-37-35-OA00-00010-0000
• Parcel #5: 3-15-37-35-0210-00010-0010
Applicant is purchasing the Property via that certain vacant land contract between Applicant (as successor -by -assignment
to WGT, Inc.) and William R. Grigsby, Jr. ("Seller") dated September 2, 2022 (the "Contract"). Applicant intends to
develop the Property into a commercial real estate project to be commonly known as the Park Street Commerce Center
("Project") consisting of four separate parcels (as more particularly described in Applicant's site plan and other related
documents) with portions of shared common area infrastructure, including without limitation, roadways, drainage, lift
station, utility lines, project signs, entrance features, outfall pipe, sewer connection, and all other real and personal property
(or interest therein) intended by Applicant for the common use and enjoyment of all lot owners within the Project
(collectively, "Common Area Infrastructure").
The Common Area Infrastructure will be governed by that certain Master Development Agreement for Park Street
Commerce Center ("Development Agreement") of which Applicant (or its assignee) shall be the "Developer" under- the
Development Agreement. The Development Agreement shall include, without limitation, provisions addressing the design,
permitting, construction, maintenance, and repair of the Common Area Infrastructure, and provisions for sharing of the
costs thereof by the lot owners of parcels within the Project. All easements, water management system, and other rights
related to the Common Area Infrastructure will be incorporated into the Development Agreement. Notwithstanding the
foregoing, Applicant intends to dedicate certain items constituting the Common Area Infrastructure such as the roadways,
lift station, sewer connection, and outfall pipe to the City of Okeechobee ("City"), the County of Okeechobee ("County"),
and/or other governmental authorities, respectively.
Applicant is hereby submitting Applicant's master site plan and preliminary plat for the Project in order for Applicant to
obtain approval of said site plan, including multiple individual lot site plans and related special exception applications
pertinent to Applicant or as jointly submitted by Applicant and a third -party future owner / user- of a specific lot within the
Project ("Co -Applicant," and as fiuther described below, if applicable), and plat from all governing authorities, including
approval of the vacation of any existing recorded plat ("Site Plan Approval"). Subject to Applicant obtaining Site Plan
Approval, Applicant will enter into a development agreement with the City which shall grant Applicant all rights necessary
to de.vAnn the Prniert MnrP cnPcifirally Annlirant rlP.cirec to enter intn canaratP r1PVP.1nnmPnt aarPPmP.nta with tha City
Page 2
Park Street Commerce Center — Statement of Interest in Property
® Lot 2: Culver's Restaurant with Drive-Thru
Applicant sincerely looks forward to working with the City to develop this exciting project and making a large investment
in the City's future and that of its residents, local businesses, and others in the surrounding community. Please direct all
questions regarding the Project to Scott Winch at swinch@kinghux.com and/or (386) 527-6729.
Very truly yours,
PARK 'I
M
Cc: Gary Ritter, City Administrator (via email)