Garrison Hills Approved Development

Approved for 111 lots. Located on Hope Hill Rd, Brooksville, Fl. Property has a set of plans for development. Garrison Hills project has most of the prerequisites already met. Seller prefers to sell As Is, w/ cash closing. If seller agrees to a take down, and becomes the developer, this will diminish the profit margin for the buyer. The seller can provide a site work price as part of the closing if the buyer desires. For the seller to agree to a take down, the seller has to agree to the following terms: Amount of deposit and Would it be a single take down at closing, if not, what would the take down schedule look like at closing? See attached doc by Coastal Engineering to view est opinion price sheet for profitable land & rd development construction costs. Hernando County is agreeable to 50’ lots and the City of Brooksville is agreeable and supports anything that stimulates growth. Should no changes be made, the City agreed to reinstate plans. If any changes are made, the plans would go back in front of the Planning Dept. Entrance was approved and designed as an emergency entrance. Need to go back to City Council for a public hearing to use as a primary entrance. There is a joint agreement with Greenpointe Comm., and the City to develop 4 lanes. The city, upon approval, will place monies in an escrow acct, for 2 of the 4 lanes on Governor’s Blvd. Any questions contact Brooksville City planner. View agreement between City and Greenpointe & Brooksville, book 2768, pg 951. Tax ID: R33-422-19-0000-0330-0010 R34-422-19-0000-0780-0000 R34-42219-0000-0780-0020 Flood Zone: X