RECEIVED

1966 NOV 10 AM 10:30

F.I.L.S.B.

PROPERTY REPORT

of

NOVA INDUSTRIAL PARK,

UNIVERSITY HIGHLANDS

Located in Volusia County, Florida

October 28, 1966

This Report is filed with the FLORIDA INSTALLMENT LAND SALES BOARD as required by law, however, the filing does not constitute an endorsement of the property and, the FLORIDA INSTALLMENT LAND SALES BOARD has not, in any way, passed on the merits of the land being offered for sale or lease.

PROPERTY REPORT

The property described in this report is presently zoned for light industrial use and cannot be used for homesite development. Firstamerica Development Corporation does not plan any program to attract industry to purchase sites at the property.

PARTI-GENERAL

1. Name of Subdivider: Firstamerica Development Corporation

Address: 1940 Harrison Street, Hollywood, Florida

2. Name of Subdivision: Nova Industrial Park, University Highlands

3. Location: Volusia County, State of Florida

(a) Name, population and road distance to nearby towns or communities:

Nova Industrial Park is fifteen miles from the city limits of Daytona Beach. Population is approximately 38,000. It is five miles from the city limits of Deland with a population of approximately 11,000 and 20 miles from the city limits of New Smyrna Beach with a population of 12,000.

(b) Describe route to subdivision:

From Daytona Beach travel West on U.S. 92 to Interstate 4 to the DeLand-New Smyrna interchange then go East on State Road 44 to the entrance of the property. From New Smyrna travel West on State Road 44 and from DeLand travel East on State Road 44. 4. Will purchaser receive an insurable title? Yes

5. Is this a homesite development? No

Distances are from approximate center of subdivision: purchasers should determine actual distant from lot offered.

PART II - LAND USE

6. Describe briefly the present topographical characteristics of the land:

Sandy loam soil with scattered cypress ponds, Pine and Cypress trees; palmetto and native grasses; minimum elevation - 31 ft. 7. Are the lands or any portion thereof covered by surface waters in any part of the year? Yes

8. (a) Will any draining of said lands be necessary to render them usable? Yes.

The corporation has agreed to construct drainage ditches and access roads to all of the lots in Nova Industrial Park, however, there is no assurance that said drainage ditches will sufficiently drain all of the lots in said subdivision. Additional drainage facilities may be necessary for some of the lots in Nova Industrial Park.

(b) Will any filling of said lands be necessary to render them usable? Yes. If yes, what provision has been made for such filling?

None, some lots will probably require some soil fill depending upon the size and type of structure to be constructed thereon. 9. Will any subsurface improvement, or special foundation work be necessary to construct one-story commercial structures property? Yes.

on the

Depending upon the type and size of structure some lots may require additional drainage and soil fill. Purchaser should determine for themselves the suitability of the parcel offered for their particular need.

10. Summarize all restrictions, easements or reservations on the property.

Right-of-way easements abutting each of the recorded lots for the benefit of all property owners, as recorded in the plat of University Highlands, of the public records of Volusia County, Florida. Nova Industrial Park is zoned for light industrial use only and not residential.

PART III - IMPROVEMENTS

II. At the time a deed is required to be delivered to purchaser, will all lots or parcels of land in this area be accessible by con ventional automobile over roads? Yes.

(a) If yes, state right-of-way width and describe the type of roads by which access will be gained to the respective parcels of subdivisions of land.

Sixty feet right-of-way and graded roads.

(b) If yes, but parcels are not presently accessible, please explain:

While all of the roads and drainage ditches serving Nova Industrial Park have not been completed as yet, the company has set up an escrow fund for the deposit of monies to guarantee the construction of the graded roads and drainage ditches promised.

12. Has land ever been platted of record? Yes, February 28, 1962.

13. If land has not been platted, has it ever been surveyed? Yes, in 1962.

(a) If yes, are the individual parcels marked or staked in any manner so that purchasers will be able to locate them without additional survey? Yes.

17. Are there any provisions for maintenance of roads, drainage and canals in the subdivision? No. (a) Will there be any charge by subdivider to the purchaser for maintenance? No.

18. If this is a building site subdivision, what plans have been made for the disposal of sewage? Give an estimate of the cost to purchaser.

The purchaser should determine the size and type of sewage disposal unit required. Septic tanks will range from $250.00 upwards. 19. If this is a building site subdivision, how will purchaser obtain potable drinking water? (Give your estimate of the cost to purchaser.)

The purchaser should determine the type and size of water supply required for his particular need. The cost of an individual well would range from $150.00 upwards.

PART IV - THE CONTRACT

20. Will purchasers be required to pay ANY sum other than actual purchase price in connection with their purchase, or ownership of lots in the subdivision, except taxes, stamps, recording costs and assessments validly imposed by governmental authority? No. 21. Is there a refund privilege? Yes.

(a) If yes,

(1) To whom does it run? To the purchaser.

(2) How long does it last? Unconditional 30-day money-back guarantee.

(3) What conditions void the refund? None.

(4) What must purchaser do to get refund? Merely request same orally or in writing.

PART V-SUBDIVIDER'S SUMMARY

22. Other pertinent factors that may amplify, explain or add to any answers previously given in this Property Report: Nova Industrial Park is 134 miles East of Tampa and 35 miles East of Orlando via Interstate 4. It is approximately 1 mile East of the DeLand-New Smyrna InterState 4 interchange and 15 miles West of the city limits of Daytona Beach, Nova Industrial Park has one mile of frontage on both sides of State Road 44. The property has been surveyed, platted and recorded in tracts of approximately 54,000 square feet (165' by 330'1. The property is presently soned for light industrial and commercial use and not for residential use. The construction of graded roads and drainage ditches abutting each industrial site will be completed before October, 1968. While the proposed drainage ditches should be adequate to drain most of the sites in the subdivision, additional drainage and soil fill may be required for some of the sites depending on the size and type of structure to be constructed thereon. The responsibility for the addi. tional drainage and fill, will be the responsibility of the purchaser.