Sorrento Solar Farm - ABSOLUTE AUCTION

SOLD $1,075,000.00

Highlights

210.39 +/- Acres of Land
Zoned CFD (Community Facility District)
Construction commenced in 2011 for a 40 MW Solar Panel Farm.
Site was previously slated for a 161 home addition to Sorrento Springs.

Excellent Location off Highway 44 adjacent to Sorrento Springs/ Eagle Dunes Golf Course.
10 Minutes +/- from Mt. Dora and 30 minutes +/- north of Orlando.
Easy access to the Florida Turnpike, 25+/- minutes.

Absolute Auction| On-Site | September 11, 2013 at 10:00 am

Assignee Ordered Sale, Michael Moecker

United States District Court, Middle District of Florida, Orlando Division

Case No. 6:13-CV-00657-JA-KRS

Zoning Information:

Policy I-3.2.5 Mount Plymouth-Sorrento Neighborhood Future Land Use Category

The Mount Plymouth-Sorrento Neighborhood Future Land Use Category is intended to include property within the Mount Plymouth-Sorrento Community outside of the Wekiva River Protection Area and immediately adjacent to the Mount Plymouth-Sorrento Main Street Future Land Use Category.

Within the Mount Plymouth-Sorrento Neighborhood Future Land Use Category, residential development may be allowed at a maximum density of two (2) dwelling units per net buildable acre, provided that any development exceeding ten (10) dwelling units shall be required to utilize PUD and protect at least 50% of the net buildable area as common open space. Nonresidential development shall provide at least 30% of the net buildable area as open space. The maximum intensity in this category shall be 0.20, except for civic uses which shall be 0.30. The maximum Impervious Surface Ratio shall be 0.30.

TYPICAL USES INCLUDE:

• Residential;

• Agriculture and forestry;

• Religious organizations;

• Residential professional uses of 1,500 SF or less;

• Day care services;

• Passive parks;

• Civic uses; and

• K-12 schools.

TYPICAL USES REQUIRING A CONDITIONAL USE PERMIT:

• Active parks and recreation facilities;

• Nursing and personal care facilities; and

• Animal specialty services.

Excellent location off of Highway 44, adjacent to Sorrento Springs/ Eagle Dunes Golf Course. The site is located 10 minutes from Mt. Dora and 30 minutes north of Orlando. Easy access to the Florida Turnpike, approximately 25 minutes.

Also see Sorrento Auction Website for Bid Instructions.