Mary Louise is correct! The 1992 Agreement may be misleading to the uninitiated. Clearly, residential units can be built on the property.

However, I'm also reasonably certain that TM has already done their "GO", "NO-GO" preliminary land-use review. When a seasoned, knowledgeable, and profitable homebuilder is prepared to pay nearly $400K per acre (land, demolition, planning, engineering, etc included), it is more than likely that they are thinking about 30+ homes at a gross density of approx 3/ac .. A creatively "clustered" single family development, with some remaining open space (maybe a neighborhood park) would not be unreasonable. There are many examples of such developments existing throughout the County that have been approved (most of them, unanimously, by the Board of County Commissioners) within the last fifteen years. It will not negatively affect the value of our existing homes, and the Florida Statutes do not impose any restrictions that the new development must become members of an existing neighborhood HOA organization. They have the right to create their own. Our CC&Rs would likely be viewed as archaic and unfriendly.

Roland

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5605 Marquesas Circle Sarasota, Florida 34233

Roland P. Piccone, PE Managing Partner Ph.: 941-923-6900 Cell· 941-320-8520 roland@gapep.com

-Original Message--From: Mary Louise Gerritsen <marylouisegerritsen@gm?tl�>ro: 'Stan Valerga' <stanvalerga@gmail.com>Cc: elaine wells <edegwells@aol.com>; johanna freeman <iohannawfreeman@grnail.com>; barbara zupnik<bazzupnik@gmail.com>; richard b <RCBronge@iciinc.com>; steve lloyd <mstello@aol.com>; clive bumett<cliveburnett@barlowgroupmc.com>Sent: Thu, Sep 21, 2017 10:08 amSubject: RE: Re: Board MeetingHello stan to the best of my knowledge the paragraph that you are referring to in the 1992agreement - was to reflect the possibility of the tennis center expanding their functions as a tenniscenter to other commercial activities such as outside catering - sports medicine rehabilitation center -public restaurant - etc., it does not reflect the CCOS being capable of dictating what could happen ifthe tennis facility decided to stop functioning as a tennis center and decided to go some otherdirection not affiliated with a "private sports" center. The subject of taking advantage of the zoning ofthe 11.34 acres as a replacement of the sports center into a residential development of some sort isnot what the 1992 agreement covers - you would have to go back to the original and the revisedzoning development in 197 4 - and the subsequent revisions of the comprehensive plans of Sarasotacounty to really grasp what the potential is of the 11.34 acres if it were not a sports facility. Let's be

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patient and see what the discussions will bring about once we have had the opportunity to talk with Taylor Morrison - but one thing is certain - they have the right to develop the 11.34 acres into a

,,,,.....__ residential unit - but the amount of units is the big question regards mary louise

From: Stan Valerga [mailto:stanvalerga@gmail.com]

Sent: Thursday, September 21, 2017 8:38 AM To: marylouisegerritsen@grnail.co.m; cdegwells@aol.com; Bronge, Richard <rcbronge@iciinc.cQID>; Johanna W Freeman

<johannawfreeman@gmail.com>; bazzupnik@umail.com; Lloyd, Steve <mstello@aol.com>; Clive Burnett <cllveburnert@barlowgrouplnc.com> Subject: Fwd: Re: Board Meeting

A very good point by Monica

-······· Forwarded Message---····

Subject:Re: Board MeetingOate:Wed, 20 Sep 2017 22:40:53 +0000 From:Monica Ryan <monicajeanryan@hotmail.com>

To:Stan Valerga <stanvalcrga@gmail.com>

Good call, Stan.

Would certainly be good to get the opinion in writing AND get it

soon so that any oral representations made at the upcoming meeting are not later construed as consent from the HOA to

allow Taylor-Morrison to "expand into other activities or facilities not normally associated with a tennis and athletic

club".

Monica.

ps: feel free to share this with anyone else; my life is an open book and I generally have no problem sharing my ideas and

opinions, for what they are worthl

From: Stan Valerga <stanvalerga@gmail.com> Sent: Tuesday, September 19, 2017 2:06 PM To: Clive Burnett; marylouisegerritsen@gmail.com; johannawfrc.cman@gmail.com; edegwells@aol.c:gm;

_....._,_ bazzupnik@grnail.com: mstcllo@aol.com; Bronge, Richard Subject: Re: Board Meeting

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