Common Contracts

Re: Letter of Intent for the Development of the Blanche Hotel, Lake City, Florida

November 1st, 2014

• Filed
  November 1st, 2014

This L‡––‡” ‘ˆ I–‡– ȋ–Š‡ DzL‡––‡”dzȌ ‹• entered by and between Integrity Development Partners, LLC, a Georgia limited liability company and registered to do business in the State of Florida, (the DzDeveloperdzȌ the City of Lake City, Florida ȋ–Š‡ DzC‹–›dzȌ ƒ† C‘Ž—„‹ƒ C‘—–›, Florida ȋ–Š‡ DzC‘—–›dz) ȋD‡˜‡Ž‘’‡”ǡ C‹–› ƒ† C‘—–› „‡‹‰ ‘ŽŽ‡ –‹˜‡Ž› –Š‡ DzPƒ”–‹‡•dzȌ ˆ‘” D‡˜‡Ž‘’‡”ǯ• ’”‘’‘•‡† ”‡†‡˜‡Žopment and operation of the Blanche Hotel located at 212 North Marion Street in Lake City, Florida (the DzP”‘Œ‡ –dzȌ ƒ• ƒ ‹š‡† —•‡ †‡˜‡Ž‘’‡–Ǥ TŠ‹• L‡––‡” ‹• •‘Ž‡Ž› ˆ‘” –Š‡ ’—”’‘•‡ ‘ˆ ‘—–Ž‹‹‰ –Š‡ ’”‘’‘•‡† terms and conditions for the redevelopment and operation of the Project and shall not be binding on the Parties, except as set forth herein. The Parties agree to act in good faith and use reasonable efforts to fulfill their responsibilities outlined below.