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By the River, Inc. November 2006 THE COMMUNITY CONTRIBUTION TAX CREDIT PROGRAM Organization Sponsor Proposal Submitted to Executive Office of the Governor Office of Tourism, Trade and Economic Development The Capitol Suite 2001 Tallahassee, Florida 32399-0001 Sponsor Criteria: "Sponsor a project to construct housing for low-income persons." "A non-profit corporation affiliated with cornmunity development." Type of contribution sought and intended use: By the River will be seeking donor tax credits for charitable contributions to construct housing for low-income persons. DEVELOPMENT DESCRIPTION Specific location: The Applicant, By the River, Inc., will be located in Indian River County on 11045 Roseland Road in Sebastian, Florida, 32958. The South end of the site is bordered by state protected wetlands with a wide variety of natural Florida flora and fauna. The St. Sebastian River borders the West side of the property, which is a natural habitat for manatees and dolphins and widely enjoyed by bird watchers, canoe riders and pleasure boaters. Live oaks and pine trees are part of the overall diverse vegetation. Description of the facility: These four, ten unit, single story homes with a central common area will be located on 6.57 acres of land as part of a 78 acre Planned Development that includes in its plan a Kindergarten thru 811' grade 200 student school campus that will have room available for other functions and uses, an international conference and retreat center with monthly workshops, a cafe and guest cottages and a residential area. Each unit in By the River will have ample space for basic activities—sleeping, lounging (TV), reading/writing, cooking and personal hygiene (shower with handicapped access for 100% of the units), has been planned. In addition, cable connection for television and telephone links will also be available for each apartment. Municipal water and sewer are available along Roseland Road for connections to the facility, as are electrical and telecommunication services. The project's ability to proceed is evident, as all due diligence procedures have been completed. Environmental Phase I & II survey's have been fulfilled. All zoning requirements, archeological and topographical surveys have also been completed. The buildings are being designed to comply with applicable Florida Hurricane Code. Fire protective services are available from the City of Sebastian Fire House on Barber Street, less than two miles away. Please see the conceptual site plan rendering of By the River on the following page. 1