Executive Summary Palm Reef Resort is a luxury, eco-friendly, 76 unit, condominium community in southern Belize, a safe, English speaking, tropical location that specifically caters to the middle class retiree, investor and second homeowner. Palm Reef Resort is a Resort to Resort property in Belize. Location Palm Reef Resort is located in Maya Beach, on the Placencia Peninsula, in southern Belize. This is an area undergoing enormous growth due to retirees and investors. Belize has been crowned the best place to retire by American Association of Retired persons, Forbes, CNN and International Living Magazine. 2 of the beaches in the area are recognized among the worlds 100 best beaches. There are 8 acres of oceanfront and, mountain-facing lagoon view property in the Phase I-III development. There are many new projects under development on the peninsula, including an international airport, golf course, cruise ship terminal and yacht clubs. About Belize Belize, formerly known as British Honduras, is a country of 300,000 whose population is primarily English speaking. It is a former British Colony and is a member of the British Commonwealth. Its legal and banking system are based on British Common Law. It is a top tax haven. Belize has white sand beaches, a protected Barrier Reef, outstanding Mayan ruins, spectacular jungle flora and fauna, contemporary villages and modern facilities. It has attracted many of the world’s best resort operators, including Francis Ford Coppola’s Turtle Inn and Blancaneaux. Belize, an untouched jewel on the Caribbean Sea is South of Mexico, East of Guatemala and North of Honduras; a 2-hour flight from Houston, Atlanta, Newark or Miami. Project Description Three phases are to be developed on the 8-acre site with 8 buildings. There is a 5,000 sq. ft. central facility (already built) surrounded by seven 6-storey buildings, overlooking both the Caribbean Sea and the Mayan Mountains. The construction and design of each building will include studio, one, two, and three bedroom units. Phase I - is located on the Caribbean Sea on two acres with 400 feet of oceanfront, consisting of two 6-storey buildings with 76 condominiums. Future Expansion: Phase II & III: five, 6-story buildings on six acres with 800 feet of lagoon waterfront. The Central Facility, part of Phase I, is a recently constructed, three story, 5,000 sq.ft concrete building, which houses the Palm Reef Resort Presentation Centre and sales offices. Using the best methods of “green” construction, the resort has efficient cooling and heating, and solar power. All units are wheel chair accessible, professionally designed and sold furnished. Resort Amenities • • • • • • • • • • • • • • • • Ø Ø Ø Ø Ø Ø Ø Ø Infinity pool Fitness Centre Restaurants and Lounge Elevator in each building Mini-storage units Boardwalk and Walking Trails Water and Fire features throughout resort Dock extending into Caribbean Sea Condominium owners enter into a management agreement to have their units rented for specific periods of the year. The owner receives 80% of rental fee and management receives 20%. Unit Features • • • • • • • • • • Ø Ø Ø Ø Ø Fully furnished in modern elegant Caribbean/Mayan style Panoramic views of the Caribbean Sea, Lagoon and Maya Mountains Large covered terrace Laundry facilities Water Features Phase 1 Parcels 678, 679 Caribbean Sea. Green roof is the current presentation building, 5,000 sq. ft. Phase 2 & 3 Parcels 662, 663, 664, 665