LMD Briefing Data as of 03/12/03 Managing 137,272 Acres of Land Presented By: Jim Bridgeman

LMD Briefing Data as of 03/12/03 Land Management Organization Chart Effective June 1, 2003 Pamela S. Mac'Kie Deputy Executive Director Pamela S. Mac'Kie Deputy Executive Director Thomas W. Olliff Assistant Deputy Executive Director Thomas F. McCracken Department Director, Land Management and Operations Right of Way Thomas L. Fratz Land Stewardship Frederick E. Davis Interim Land Management James A. Bridgeman Operating Support

LMD Briefing Data as of 03/12/03 Land Management Organization Chart Effective July 24, 2003 Pamela S. Mac'Kie Deputy Executive Director Pamela S. Mac'Kie Deputy Executive Director Thomas W. Olliff Assistant Deputy Executive Director Thomas F. McCracken Department Director, Land Management and Operations James A. Bridgeman Field Operations Manager Real Estate Linda M. Robinson Staff Administrative Resources Associate Anita C. Rahon Sr. Financial Analyst Antonio J. Romanach Senior Property Manager Lee Henderson Sr. Planner Philip J. Kochan Property Manager Andrea M. Stringer Senior Property Manager Kenneth A. Foote Senior Property Manager

LMD Briefing Data as of 03/12/03 Comparison of Program Focus LAND STEWARDSHIP Restore to natural condition Maintain natural state in perpetuity Resource-based public use Partnership solicitations seek best qualified lessee for maximizing restoration functions LAND STEWARDSHIP Restore to natural condition Maintain natural state in perpetuity Resource-based public use Partnership solicitations seek best qualified lessee for maximizing restoration functions INTERIM LAND MANAGEMENT Manage until restoration project implemented Minimize taxpayer burden Partnership solicitations seek revenue generation & positive economic impact to region INTERIM LAND MANAGEMENT Manage until restoration project implemented Minimize taxpayer burden Partnership solicitations seek revenue generation & positive economic impact to region

LMD Briefing Data as of 03/12/03 498,272 Acres of Land Owned Land Stewardship (Natural area restoration, conservation, recreation lands) 361,000 Interim Land Management (Project lands for CERP, ECP, Structures, Restoration, etc.) 137,272 Land Stewardship (Natural area restoration, conservation, recreation lands) 361,000 Interim Land Management (Project lands for CERP, ECP, Structures, Restoration, etc.) 137,272

LMD Briefing Data as of 03/12/03 (Does not include 1,800 miles canal ROW or 880,000 acres WCA)

LMD Briefing Data as of 03/12/03 Interim Property Management Managed Acres TOTAL ACRES 137,272

LMD Briefing Data as of 03/12/03 Regional Acquisition Strategy Map

LMD Briefing Data as of 03/12/03 Interim Property Management Definition Interim period is from the date of acquisition to the beginning of construction or conversion to the property’s ultimate planned use.

LMD Briefing Data as of 03/12/03 Interim Property Management Mission Considers the economic impact to the region Reduces management expenses Protects and preserves the land for present and future generations Land is in an improved condition when turned over to project Considers the economic impact to the region Reduces management expenses Protects and preserves the land for present and future generations Land is in an improved condition when turned over to project The Land Management Department will support the District’s overall mission by providing high quality interim land management that:

LMD Briefing Data as of 03/12/03 Interim Property Management Activities Lease lands for agricultural uses Implement Best Management Practices (BMP’s) Recover purchase price of acquired improvements or business inventories by liquidation sales Manage demolition and clearing of improvements Coordinate regulatory compliance on managed lands Lease lands for agricultural uses Implement Best Management Practices (BMP’s) Recover purchase price of acquired improvements or business inventories by liquidation sales Manage demolition and clearing of improvements Coordinate regulatory compliance on managed lands

LMD Briefing Data as of 03/12/03 Interim Land Management Program Goals to manage land pending project construction Preserve and protect the resource Reduce exotic plant infestation Preserve existing agricultural economy Provide alternate source of revenue which reduces taxpayer burden for land management activities Retain property on local county tax rolls Preserve and protect the resource Reduce exotic plant infestation Preserve existing agricultural economy Provide alternate source of revenue which reduces taxpayer burden for land management activities Retain property on local county tax rolls

LMD Briefing Data as of 03/12/03 How Do We Get Contracts? From Real Estate Acquisitions  Reservations  Leasebacks  Subject to Seller not interested in continuing activity – solicit bids Buy vacant property – solicit bids Miscellaneous – other contracts  License Agreements/Use Agreements

LMD Briefing Data as of 03/12/03 Contract Definitions Lease – A written document by which the owner transfers the rights of use and occupancy of land and/or structures to another person or entity for a specified period of time in return for a specified rental. Leasehold – the interest or estate which a lessee has in real property by virtue of his lease.

LMD Briefing Data as of 03/12/03 Contract Definitions Reservation – A right reserved by an owner in the grant (sale or lease) of a property. Generally, the Reservation fee is a negotiated item usually associated with a professional appraisal, and is deducted from the seller’s proceeds. The Reservation term is also a subject of negotiation, however, it is usually for a fixed period after which the property is subject to the District’s discretion for competitive bid or project related use.

LMD Briefing Data as of 03/12/03 Contract Definitions Subject to – Is an assignment of an existing lease at closing, the terms and conditions of which, including the rent and termination date, were previously agreed upon by the seller, as lessor, and lessee. Consequently, the lease, most likely does not contain the standard District clauses which are geared towards protecting the district’s interest.

LMD Briefing Data as of 03/12/03 Interim Property Management Contracts by Type While 50% of our contracts were competitively bid, they represent only 8% of the total acres leased. Reservation/Leasebacks are only 25% of our contracts, but represent 70% of our total managed acres. The other 22% of acres leased is a result of leases already existing on land purchased.

LMD Briefing Data as of 03/12/03 Interim Property Management Breakdown of Acres Managed and Method of Acquisition Leased Acres83%113,135 Vacant Acres17% 24,137 Total Managed Acres137,272 ACRES Reservation/Leaseback70%79,195 Subject To22%24,890 RFB/RFP 8% 9,050 Total Leased Acres 100% 113,135

LMD Briefing Data as of 03/12/03 Land Management Financial Performance Lease Program Contribution Acres Leased 113,135 Revenue$2,366,883 Property Tax Paid to Counties by Lessees$2,875,040 Cost Avoidance ($25 per acre)$2,828,375 Total Contribution$8,070,298 Acres Leased 113,135 Revenue$2,366,883 Property Tax Paid to Counties by Lessees$2,875,040 Cost Avoidance ($25 per acre)$2,828,375 Total Contribution$8,070,298

LMD Briefing Data as of 03/12/03 Land Management Financial Performance Lease Program Contribution 1998 Thru Total Acres Leased102,214113, ,135 Revenue 7,077,178 $2,366,883 $ 9,444,061 Property Tax Paid to Counties by Lessee N/A $2,875,040 $ 2,875,040 Cost Avoidance ($25 per acre) $8,033,800 $2,828,375 $10,862,175 Total Contribution $15,110,978 $8,070,298 $23,181,276

LMD Briefing Data as of 03/12/03 ACRES +/- TAXABLE VALUE TOTAL PAID GLADES1,450.20$191,122$3,539 HENDRY19,015.45$9,169,340$858,650 HIGHLANDS362.18$44,255$869 MIAMI-DADE1.32$172,393$3,924 OKEECHOBEE15,660.46$1,688,204$34,540 Lease Property by County 2002 Tax Summary

LMD Briefing Data as of 03/12/03 ACRES +/- TAXABLE VALUETOTAL PAID OSCEOLA5,389.40$512,564$9,257 PALM BEACH49,914.29$32,332,068$1,952,083 POLK8,329.33$717,390$12,179 Grand Total100,122.63$44,827,336$2,875,040 Lease Property by County 2002 Tax Summary

LMD Briefing Data as of 03/12/03 Lease Property by County 2002 Tax Summary ACRES +/- TAXABLE VALUETOTAL PAID MAJOR LESSEES GLADES1,450.20$191,122$3,539Peeples/Collier HENDRY19,015.45$9,169,340$858,650U.S. Sugar Corp./ Berry Groves HIGHLANDS362.18$44,255$869Lanier/ Matthews MIAMI-DADE1.32$172,393$3,924Condo Parking Lots OKEECHOBEE15,660.46$1,688,204$34,540Grassy Island Ranch/Louthan/ Langford/Lanier/ Stokes Cattle

LMD Briefing Data as of 03/12/03 Lease Property by County 2002 Tax Summary ACRES +/- TAXABLE VALUETOTAL PAID MAJOR LESSEES OSCEOLA5,389.40$512,564$9,257Overstreet/Maxcy/ Southport Ranch/ Rawlings & Sharon PALM BEACH49,914.29$32,332,068$1,952,083Florida Crystals/ Okeelanta/U.S. Sugar/Woerner/Roth POLK8,329.33$717,390$12,179Overstreet/Fulford/ Southport Ranch/ Lightsey Grand Total100,122.63$44,827,336$2,875,040

LMD Briefing Data as of 03/12/03 Interim Property - Acres Leased (by County)

LMD Briefing Data as of 03/12/03 Interim Property -Revenue (by County)

LMD Briefing Data as of 03/12/03 Interim Property Management Acres Leased/Staff

LMD Briefing Data as of 03/12/03 Maintaining Perimeter Fencing

LMD Briefing Data as of 03/12/03 Unexpected Maintenance & Repair Replacing Culverts

LMD Briefing Data as of 03/12/03 Record & Inventory Purchased Assets

LMD Briefing Data as of 03/12/03 Lease-required BMP Secondary Containment around Fuel Tanks

LMD Briefing Data as of 03/12/03 Illegal Dumping & Debris Cleanup

LMD Briefing Data as of 03/12/03 Billboard Acquisitions

LMD Briefing Data as of 03/12/03 Liquidation Sale of Nursery Stock

LMD Briefing Data as of 03/12/03 Exotics Control Brazilian Pepper - BeforeBrazilian Pepper - After

LMD Briefing Data as of 03/12/03 Interim Property Management -Revenue and Cost Avoidance to date Total Contribution $20.8 million

LMD Briefing Data as of 03/12/03 Demolition and Environmental Cleanup

LMD Briefing Data as of 03/12/03 Interim Property Management Conclusions High growth program brings challenges: volume of acquisitions outpacing staff resources increasing exotic management needs complex contracts require intensive administration emphasis on including Land Management issues in Land Acquisition negotiations maximize revenue while protecting the resources High growth program brings challenges: volume of acquisitions outpacing staff resources increasing exotic management needs complex contracts require intensive administration emphasis on including Land Management issues in Land Acquisition negotiations maximize revenue while protecting the resources

LMD Briefing Data as of 03/12/03 Interim Property Management Professional and Diverse Staff Masters of Business Administration Master of Public Administration Master of Regional and Community Planning Master of Chemical Engineering Nationally Certified Real Property Administrator Professional Engineer Fellows of Natural Resource Leadership Institute Licensed Landscape Architect

LMD Briefing Data as of 03/12/03 Staff Goals Consistencies between Land Acquisition and Land Management Improve Governing Board perception of Land Management Recognition by Governing Board that lease restrictions affects market value Credible Project schedules Payment of rent in advance Tax escrow Authority to enter into License Agreements for less than 12 months. Dealing with existing leases Consistencies between Land Acquisition and Land Management Improve Governing Board perception of Land Management Recognition by Governing Board that lease restrictions affects market value Credible Project schedules Payment of rent in advance Tax escrow Authority to enter into License Agreements for less than 12 months. Dealing with existing leases

LMD Briefing Data as of 03/12/03