Okaloosa County BOCC — July 1, 2014 — EXHIBIT 1 — reading text

transit if available: The proximity of the property to the school will allow students to walk or bike to the school if paths are provided. Improvements to P.J. Adams will likely provide bicycle lanes and sidewalks. The property is large enough to accommodate different densities and intensities to provide a range of housing choices. (4) Preserves open space and natural lands and provides for open space and recreation needs. This subject property is large enough to preserve open spaces retaining natural vegetation including walking trails along wetland buffers. Further, there is ample room for recreation facilities as well. VII. RELATIONSHIP TO EGLIN FLIGHT PATTERNS The subject property does not lie within the flight approach corridors designated as “critical approach areas”. It is located within the “moderate intensity less frequent impulse area” which includes a majority of the City of Crestview. Please find attached herewith a brochure titled “Military Activities in Northwest Florida” which contains a map of the area where we have marked the approximate location of the subject property. NORTHWEST FLORIDA MILITARY ACTIVITIES Escambia Pensacola Gulf of Mexico ae Eglin Reservation oO Boundary Impulse Noise Area Higher intensity, Greater Frequency Impulse Area > Mosdorate intensity, Less Frequent Imputse Area Low Intensity, Infrequent Impuise Area, Critical Approach Areas EE ctical Approach [BBB roxio Pert one ‘Source: 2/2012 RAICUZ data January 23, 2014 To Whom It May Concern: Currently the demand for housing in the Crestview market is increased dramatically South of I-10. The P.J. Adams Pkwy. Corridor is the hot location for Crestview home buyers, as the majority of our new buyers work on military bases. Builders are currently looking for lots South of I-10 in the .25 - .35 acre lot size. My opinion is that the parcel 02-2N- 24-0000-0001-0000 TAR, LLC would be a premium location for builders to produce new homes. Attached is a document from Market Graphics Southeast showing a forecast of higher demand for new homes than are currently on the market. Crestview is MG Area 23. Call me with any questions or concerns. P. Brett House Re/Max Agency One, Inc. Broker Associate Lic. in AL and FL Hebrews 3:4 850-305-0556 bretthouseremax@gmail.com fy ons SAF 7 it Agency One, | 301 S. Ferdon Boulevard, Suite A » Crestview, ous 32536- 3700 PASREA IRA AAR MANN - fare nan amano fArA\ eae aAan oo Ine A. nam aAwn Net Home | Inventory and Projected 12-Month Demand 42 Months s Ago @ SOs a Oa enEws aoa Fan & vos SOG WA Bw A O on 8 8 rm i) NS GG & Oy Aw sm GON SS Oe 2a wW ON ay So bad 6 SAN BN MES A) MarketGraphics RESEARCH GROUP 10 Strategic Planning Comments, Analysis and Forecast Coastal Alabama / Florida Panhandle - January 2014 Significant Insights: p pan an kr YS = > The projected future lot shortage must be addressed The current lot inventory is 35,110 In 2015, the market will need 7,390 lots The total market demand for lots between 2014 to 2019 is 49,086 9,882 of the aforementioned lots needed with be in Baldwin County 9,725 of those lots needed will be in Walton County There will be a 37,576 lots needed to be developed before the end of 2019 The lot count has fallen 7,638 lots since May 2009 The number of started subdivisions has fallen by only 45 since September 2009 The number of newly finished unoccupied homes has fallen by 3,868 since September 2008. 10 Perspectives regarding Employment (need 1.25 to 1 ratio minimum) 1. January 2007 1.924 to1 2. January 2008 2.212 tol 3. January 2009 -0.501 to 1 4. January 2010 -8.702 to 1 5. January 2011 -4.369 to 1 6. January 2012 2.549 to 1 7. January 2013 3.097 to 1 8. May 2013 3.000 to 1 9. September 2013 2.108 to 1 10. January 2014 2.020 to 1 357 Riverside Drive, Suite 210 © Franklin, TN 37064 * 615.371.2282 Voice * 615.371.2283 Fax * info@mgresearch.net © www.mgresearch.net © MarketGraphics Research Group, Inc. 2013 Page 1 of 3 © 1. Semiuanswn Seanauawne Interesting Chart: Date January 2007 January 2008 January 2009 January 2010 January 2011 January 2012 January 2013 May 2013 September 2013 January 2014 357 Riverside Drive, Suite 210 MarketGraphics RESEARCH GROUP January 2007 January 2008 January 2009 January 2010 January 2011 January 2012 January 2013 May 2013 September 2013 January 2014 January 2007 January 2008 January 2009 January 2010 January 2011 January 2012 January 2013 May 2013 September 2013 January 2014 Total Active Subdivisions 884 1,107 1,220 1,247 1,234 1,227 1,215 1,227 1,217 1,210 Franklin, TN 37064 © 615.371.2282 Voice © MarketGraphics Research Group, Inc. 2013 10 Significant Perspectives regarding Future Developed Lots: Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots Developed Lots 32,293 38,515 41,889 43,172 40,991 39,735 37,517 36,968 35,907 35,110 10 Significant Perspectives in the Change of Total Developed Subdivisions: Developed Subdivisions 884 Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Subdivisions Developed Lots 32,293 38,515 41,889 43,172 40,991 39,735 37,517 36,968 35,907 35,110 1,107 1,220 1,247 1,234 1,227 1,215 1,227 1,217 1,210 Houses Finished Not Occupied 4,788 5,263 5,147 4,108 3,302 2,401 1,507 1,473 1,343 1,443 615.371.2283 Fax © info@mgresearch.net © www.mgresearch.net Page 2 of 3 4) 357 Riverside Drive, Suite 210 MarketGraphics RESEARCH GROUP Current Top 10 Largest New Home Demand Locations by Price Point and by MG Area: County 1 Baldwin 2 ~~ Baldwin 3 Okaloosa 4 Baldwin 5 Walton 6 Walton 7 Okaloosa 8 Santa Rosa 9 Baldwin 10 Baldwin Top 10 Places to Build a New Home 8-months from now: County Baldwin Baldwin Okaloosa Baldwin Walton Walton Okaloosa Santa Rosa Baldwin Baldwin Semuauswne Edsel Charles Chairman of the Board MG Area 5 5 23 5 30 3 23 28 1 1 MG Area 5 5 23 5 30 31 23 28 1 1 Price Range $175,000 to $225,000 $225,000 to $275,000 $175,000 to $225,000 $275,000 to $325,000 $425,000 to $625,000 $175,000 to $225,000 $225,000 to $275,000 Under $175,000 Over $925,000 $625,000 to $925,000 Price Range $175,000 - $225,000 $225,000 t $275,000 $175,000 to $225,000 $275,000 to $325,000 $425,000 to $625,000 $175,000 to $225,000 $225,000 to $275,000 Under $175,000 Over $925,000 $625,000 to $925,000 MarketGraphics Research Group, Inc. Franklin, TN 37064 615.371.2282 Voice © MarketGraphics Research Group, Inc. 2013 615.371.2283 Fax Current Supply 19 29 37 19 27 15 26 14 47 68 Projected Supply 13 23 58 14 42 15 47 5 24 59 info@mgresearch.net 12-month Demand 183 163 132 128 125 122 119 113 112 112 12-month Demand 186 166 134 130 127 124 121 115 114 114 www.mgresearch.net Page 3 of 3