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HomeMy WebLinkAbout10-21-2025 Special Session Supporting DocumentsCITY OF ® OE 4 MY %� 1 N. Bluford Avenue OC() ? Ocoee, Florida 34761 ring'd' 407-905-3100 SPEAKING S VAT'ION FORM NOTE: All submitted speaking reservation forms are public records under Chapter 119, Florida Statutes, and are open to inspection by all persons. DATE NAME- PHONE# OCOEE RESIDENT YES ❑ O ❑ , a (OPTIONAL) ADDRESS CITY ZIP CODE E-MAIL I want to addre th and about (Please provide Item #and/or topic): Do you have a prepared statement, or other document(s) from which you will address the Board?, No Yes if yes, please attach copy of same to this Reservation Form. All proceedings before the Commission shall be governed by the Civility Code - see back The following time limits to speak are in effect: Public Hearings: petitioner presentation - 15 minutes; citizen comments - 5 minutes per speaker; petitioner rebuttal - 5 minutes. Open to Public — Citizens Comments -3 minutes per speaker, per meeting. 14IN z4for CITY OF OCOEE 1 N. Bluford Avenue 0CC)C?C' Ocoee, Florida 34761 11.0d° 407-905-3100 SPEAKING RESERVATION FORM NOTE: All submitted speaking reservation forms are public records under Chapter 119, Florida Statutes, and are open to inspection by all persons. DATE — lb NAME r ', PHONE OCOEE RESIDENT YESI ` NO ❑ (OPTIONAL) ADDRESS CITY ZIP CODE E-MAIL I want to address the Board about (Please provide Item # and/or topic): Do you have a prepared statement, or other document(s) from which you will address the Board? No Yes if yes, please attach copy of same to this Reservation Form. All proceedings before the Commission shall be governed by the Civility Code ® see back The following time limits to speak are in effect: Public Hearings: petitioner presentation - 15 minutes, citizen comments - 5 minutes per speaker; petitioner rebuttal - 5 minutes. Open to Public — Citizens Comments - 3 minutes per speaker, per meeting. DATE NAME PHONE# --- Y-47- 32S�4&&' OCOEE RESIDENT YES)6 NOC polz (OPTIONAL) ADDRESS �t )S7-Y CITY' Lot ZIP CODE3 �1li E-MAIL 1!11910W[1�1-31 '10 T01 M'!j0:2:PMP2TLX 11 =7-4 7 No -)( Yes if yes, please attach copy of same to this Reservation Form. M1111111 11111i 111 111 - I The following time limits to speak are in effect: PublicHearings petitioner presentation - 15 minutes; citizen comments - 5 minutes per speaker petitioner rebuttal - 5 minutes. Open to Public — Citizens Comments - 3 minutes per speaker, per meeting. Facility enhancements designed to welcome a broader audience• transform Forest intoa premiler golfing destination for Instruction, • • more. M= ME AN 9401+ MAGED Facilities m * Troon Corporate Offices mmommommomm I � I � 52 Florida Facilities Be TRACKMAN 37 Facilities ALL TPACKING AA ki i' • �r CLUBHOUSE DEVELOPMENTS 115+ ARRIVAL �H PROPOSED BRIDGE B� HOTEL 0 TOP TRACER/ RANGE C RETAIL/COMMERCIAL 1D GOLF CLUBHOUSE (D BANK SITE -COMMERCIAL BREWERY/ENTERTAINMENT MAINTENANCE l J SURFACE PARKING HOLE 18/ 1 (NEW) GRAB'N' GO - F&B 8 PRACTICE/ SHORT GAME O HOTEL AMENITY o so rw rsa xsa .y THE PRESERVE AT FOREST LAKE I MASTER �TE PLAN 1 t t �t r, ,,,Grace * # , Design Srios l� n cRennNOPLAces TNATMA TER. PN SiZ5124I 10,21.20251 TAMARACK GOLF MANAGEMENT LLC 1 BEILA TERRA BUILDING COMPANY xwxrxsmcante nrxrranrnrxvrrax-. - ; IROWING C:.Of P--.ANY HENSEL PHELPS Pla s. Aaiid. Naragz, KAWI LUM H: tfilk • This memorandum outlines the key financial terms proposed in partnership with the City of Ocoee. The agreement includes initial payments, ongoing financial obligations, and anticipated contributions once the hotel component is completed and operational. A one-time payment of $5.5 million will be made to the City of Ocoee on January 1, 2026. 0 A security deposit of $45,000 will also be paid on January 1, 2026. 0 The total estimated investment for the project is between $50 million and $70 rill M MSE Ongoing Monthly Payments Beginning February 1, 2026, Tamarack Golf Management, LLC will remit monthly rent payments equal to the greater of: a 40% of net profits, or 9 A guaranteed minimum payment of $15,000 per month. Upon completion and commencement of hotel operations: 0 The City of Ocoee will receive a $5 fee for each occupied hotel room, based on an estimated 150-room property with an average 70% occupancy rate. Tamarack Golf Management, LLCs profit-sharing obligation will adjust from 40% to 30% of net profits, in addition to the per -room fee outlined above. Tax Contributions The development is projected to generate annual property tax revenue estimated to be between $250,000 and $300,000. Summary This agreement represents a substantial financial commitment to the City of Ocoee, ensuring both significant upfront payments and sustainable long-term revenue streams through profit sharing, hotel occupancyfees, and propertytax contributions. This Five Year Capital Improvement Plan outlines the phased redevelopment of the existing golf course and clubhouse, followed by the design, construction, and operation of a new destination hotel. The plan ensures continuous use of the existing course while implementing phased improvements to enhance both community and tourism benefits. Year 1 (2026): Renovation and Modernization Objective: Renovate and expand the existing golf course and clubhouse while maintaining operations. Scope of Work: • First 6-8 months: Expand and modernize clubhouse with 60-70 additional seats, accommodating 120-140 players for tournaments and events. • Complete new greens installation and partial redesign of select holes. • By late 2026, complete construction of new driving range with modern monitors and high -quality baLL-tracking technology • Improvements completed within the first 12 months (clubhouse expansion within the first 6 months). • Finalize architectural and engineering plans for hotel and retail area. • Obtain necessary city permits and approvals for construction. Year 2 (2027): Marketing and Pre -Development -Activities / Construction Commencement Objective: Launch brand development and marketing, as well as begin construction for the proposed hotel and retail sites. Scope of Work: • Develop and execute a "Stay & Play" marketing strategy targeting regional and national golf tourism. • Begin construction of hotel infrastructure, guest rooms, and amenities. • Begin construction of all retail sites • Secure brand partnerships and preliminary booking channels. Year3 —4 (2028-2029): Hotel/Retail Sites Completion and Operational Launch Objective- Complete construction and open the hotel for operations. Scope of Work: • End of 2028 — Early 2029: Complete all construction on on -site hotel and retail locations • Conduct a soft opening, followed by full operation and marketing launch. • Integrate hotel reservations with golf course packages and events. • Host inaugural "Stay & Play" tournaments to drive early occupancy. Year 5 (2030): Optimization and Expansion Objective: Refine operations and enhance guest experience across golf, hotel, and retail facilities. Scope of Work: • Evaluate hotel and course performance metrics to guide reinvestment priorities. • Expand event programming, dining options, and membership offerings. • Implement technology and sustainabiLity upgrades. Summary of Five Year Investment Plan Year IMajor Milestones 11Estimated Capital Cos, I Year 1 1Golf course and clubhouse renovation J$8-1 0 million Year 2 Marketing strategy and pre -development $1-2 million Begin construction of hotel and retail sites $25-30 million Year 3-4 lComplete and open hotel and retail sites 11$12-15 million Year 5 Operational optimization and reinvestment J$3-5 million "I" MIT197711aw". I Conclusion The proposed Five Year Capital Improvement Plan provides a structured roadmap for phased growth of the development project. The plan balances immediate enhancements to existing facilities with long-term expansion into a hotel and tourism -based destination, ensuring steady operational continuity, increased city revenues, and enhanced community engagement. As part of the clubhouse renovation in Year 1, the food and beverage (F&B) operations will be comprehensively upgraded to serve as a premier dining and event destination for golfers, hotel guests, and the surrounding community. Enhancements • Seating Expansion: The clubhouse will expand by approximately 60-70 seats, increasing total capacity to 120-140. Layout fLexibiLitywiLl accommodate daily dining, tournament groups, and large events. Service Upgrades: Investment in modern dinnerware, glassware, and cutLerywiLL elevate the dining experience to complement the upscale design and expanded menu offerings. Operational Vision The upgraded F&B program will deliver a blend of casual and upscale hospitality, with an emphasis on flexibility, community engagement, and quality service. Hours of Operation The restaurant and bar will remain open Later into the evenings, creating a social hub for post -round dining, community gatherings, and after-hours events. 0 On -Course Service: Continued beverage cart and snack service during play, with seasonal flexibility for peak golf months. M3MMMWZ!TMM=,_ • Daily Service: Provide daily service for breakfast, lunch, and dinner featuring Locally inspired, seasonal menus with fresh ingredients. To attract both golfers and community residents, the restaurant will host recurring therned nights, such as: o Taco Tuesdays with local craft beer pairings o Steakhouse Fridays featuring prime cuts and Live music o Wine& Dine Nights featuring chef's specials and cu rated pairings Community and Special Events: The expanded venue will host Larger gatherings and community events. These events will help establish the clubhouse as a Local social landmark, notjust a golf amenity. M #1 MMMIM M M., The restaurant will showcase a premium wine List, local craft beers, and a curated spirits program emphasizing bourbons, whiskeys, and signature cocktails. Rotating specialty drinks and seasonal craft beverages will complement therned nights and promote brand identity. n3y�_ 0 In-house catering operations will support tournaments, private events, and hotel banquets. Flexible menus will range from buffet service to plated fine dining for up to 140 guests. • Future integration with the on -site hotel will enable "Stay, Play, and Dine" packages for traveling golf groups and destination events. TIMPT.M 0 The expanded F&B operations are projected to increase gross revenue by35-45% within three years of completion. • The enhanced offerings will support higher per -guest spending, extended visitation hours, and improved event revenue. • Integration with hotel development (Years 3-5) will further expand revenue through cross -promotion and package sates. The upgraded food and beverage operations will transform the clubhouse into a vibrant, full -service hospitality center that complements the golf course and future hotel. By offering extended hours, refined dining experiences, therned events, and community - oriented programming, the facility will serve as both a destination and a year-round economic driver for the community of Ocoee. C. NICK ASTViA SCE -- AsmAAsmA9 „ . $86 South r dkvd Street ATTOR14EYS AT L A w WmtcrGWcn,FL347$7 omm (407) 656-5750 f x(407) 65 -0 6 F.x"It, nickasrna as a ora WWW.4$M*PUWMt October 15, 2025 Via Band Delivery City of Ocoee 1 North Bluford Avenue Ocoee, Florida 34761 RE: RFP #25-006 Lease and Operation of the Forest Lake Golf Club Tamarack Golf Management 1, LLC Tamarack Golf Management 1, LL,+C To Whom It May Concern, This law firm represents Tamarack Golf Management t, LLC and Tamarack Gulf Managementll, LL (collectively "T arac "). The purpose of this correspondence is to provide a bank letter verifying proof of funds and financial capacity in response to the requirements set forth in the October 6, 2025 correspondence from the City of Ocoee to my client for the RFP #25-006 Lease and Operation of the Forest Lake Golf Club (the "RFP Attached Hereto, please find correspondence from ,Fortress 'Wealth Group regarding Jason Mulligan. This correspondence states that Jason Mulligan Has over $20,000,000 in investable assets. By his signature below, Jason Mulligan affirms that in the event that the RFP is awarded to Tamarack, he will invest up to $20,000,000 into Tamarack for purposes of Tamarack completing its obligations under the . Sincerely, ik ma J, s iga FORTRESS WEALTH GROUP October 10, 2025 To Whom it May Concern: This is to verify that Jason Mulligan has over $0 million in investable assets. John Ledford, CEO FWG Holdings, LL C tIn Winter ff 32789 I*. i • • ♦ f A ARRIVAL H PROPOSED BRIDGE HOTEL TOP TRACER/ RANGE C RETAIL/COMMERCIAL JD GOLF CLUBHOUSE nD BANK SITE -COMMERCIAL Q BREWERY/ENTERTAINMENT MAINTENANCE 0� SURFACE PARKING 0� HOLE 18/ 1 (NEW) M GRAB'N'GO - F&B L.J PRACTICE/SHORT GAME J HOTELAMENITY o so1. V o tw THE PRESERVE AT FOREST LAKE MASTER SITE PLAN Grace Design Studios 15dI1 1#� e THaTM tOi'ert�. 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