MINAET

National Environmental Technical Secretariat (SETENA)

CONDOMINIO RESIDENCIAL LA GUAPINOLA

LAS TORTUGAS PRIMERO S.R.L.

27,676 m²

D1-12302-2014-SETENA

RESOLUCION 1780-2014-SETENA

4 DE SEPTIEMBRE DEL 2014

The original developer of Palm Beach Estates also owned this finca named La Guapinola, and planned to establish a high-end gated community here as the capstone of Palm Beach Estates.

Following settlement of an international lawsuit in 2012 resulting in expropriation of a 75m buffer zone for the national park and confirmation of development rights for the remaining 2.76HA, SETENA authorized a community of fourteen 1,500m2 lots plus common area amenities, structured as a horizontal condominium. This original 14-lot luxury gated community remains the plan today, and we welcome inquiries from those who seek the best Pura Vida life in Playa Grande.

In a horizontal condominium, ownership is governed by a co-ownership regime, where the entire property is registered under a single master title (finca filial) divided into exclusive and common areas. Each unit owner holds the right to exclusive use of “their” lot, and owns a proportional share of the common areas. In the case of La Guapinola, we expect that the condominium administration will also control all villa rentals through a single management company. This enables much more efficient and effective management of the behavior of residents and workers compared to standalone villas, resulting in an improved experience for owners, visitors, and neighbors, along with dramatically-reduced environmental footprints and more positive local socio-economic impacts.

The original developer of Palm Beach Estates also owned this finca named La Guapinola, and planned to establish a high-end gated community here as the capstone of Palm Beach Estates.

The development plan for La Guapinola aims to push limits of eco-forward design for all villas and common amenities using the following techniques and many others:

The developer estimates that following construction, the project will deliver the following local benefits and more:

The development plan for La Guapinola aims to push limits of eco-forward design for all villas and common amenities using the following techniques and many others:

→ Will meet or exceed all local environmental requirements from height to lot coverage
→ Most existing principal trees will be preserved and protected
→ Extensive solar power and solar water heating
→ Rainwater collection and wastewater recycling
→ Carbon-negative alternatives to concrete made from sugar cane wastes and lime
→ Bioreactor water waste processing with landscape irrigation output instead of septic
→ Significant use of highly-renewable bamboo materials
→ Ozone laundry and pool sanitizer systems to slash chlorine and chemicals impacting human skin and nature
→ Native landscaping focused on wildlife support, maintained with zero petrochemicals
→ Permeable roads, driveways, sidewalks, and walkways
→ 100% local furniture, art, and all construction materials to the maximum extent possible
→ 100% turtle-safe designs, from height limits and lighting controls to non-leaching exterior finishes and beach access control
→ Comprehensive on-site composting and recycling programs
→ “Zero is better” single-use plastics policy virtually eliminating plastic waste from the campus
→ All entry/exit to beach will be via existing municipal trail at south of parcel, not through national park
→ Environmental easements will be permanently recorded to ensure minimal environmental footprints forever

The developer estimates that following construction, the project will deliver the following local benefits and more:

→ Over 56 direct full-time jobs, plus extensive job creation among local vendors and suppliers - ALL paying well above minimum wage
→ Over $8,000,000 in projected annual visitor spending in Playa Grande and immediately surrounding areas, representing over ___ salary equivalents
→ Annual projected government collections over $1,000,000 in IVA, $1,000,000 in income taxes, $400,000 in payroll taxes, and $150,000 in property and luxury taxes
→ Weekly volunteer conservation tours to protect the beach and national park
→ The only free and publicly-accessible toilet along 2+ miles of national park frontage
→ 24/7/365 surveillance of the main public beach entrance in South Playa Grande to protect human and wildlife safety
→ Enforcement of nightly beach closures during turtle nesting season
→ Extensive training of unskilled local labor to perform in high-wage local jobs, from craftspersons to cooks
→ Planned long-term sponsorship of Futuro Brillante to support local community needs such as in Matapalo

→ Will meet or exceed all local environmental requirements from height to lot coverage
→ Most existing principal trees will be preserved and protected
→ Extensive solar power and solar water heating
→ Rainwater collection and wastewater recycling
→ Carbon-negative alternatives to concrete made from sugar cane wastes and lime
→ Bioreactor water waste processing with landscape irrigation output instead of septic
→ Significant use of highly-renewable bamboo materials
→ Ozone laundry and pool sanitizer systems to slash chlorine and chemicals impacting human skin and nature
→ Native landscaping focused on wildlife support, maintained with zero petrochemicals
→ Permeable roads, driveways, sidewalks, and walkways
→ 100% local furniture, art, and all construction materials to the maximum extent possible
→ 100% turtle-safe designs, from height limits and lighting controls to non-leaching exterior finishes and beach access control
→ Comprehensive on-site composting and recycling programs
→ “Zero is better” single-use plastics policy virtually eliminating plastic waste from the campus
→ All entry/exit to beach will be via existing municipal trail at south of parcel, not through national park
→ Environmental easements will be permanently recorded to ensure minimal environmental footprints forever

→ Over 56 direct full-time jobs, plus extensive job creation among local vendors and suppliers - ALL paying well above minimum wage
→ Over $8,000,000 in projected annual visitor spending in Playa Grande and immediately surrounding areas, representing over 700 base salary equivalents
→ Annual projected government collections over $1,000,000 in IVA, $1,000,000 in income taxes, $400,000 in payroll taxes, and $150,000 in property and luxury taxes
→ Weekly volunteer conservation tours to protect the beach and national park
→ The only free and publicly-accessible toilet along 2+ miles of national park frontage
→ 24/7/365 surveillance of the main public beach entrance in South Playa Grande to protect human and wildlife safety
→ Enforcement of nightly beach closures during turtle nesting season
→ Extensive training of unskilled local labor to perform in high-wage local jobs, from craftspersons to cooks
→ Planned long-term sponsorship of Futuro Brillante to support local community needs such as in Matapalo

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Our company name “Las Tortugas Primero” reflects our deep understanding that the Leatherback turtles were here first, and must be respected first in every decision we make. The design team includes local leaders in successful and conscious development, including Richard Muller Associates, Hess Engineering, SENS Design, TPA Landscape, and others.

Our lead developer is an applied physicist with decades of technology innovation experience, who is now focused on integrating technology and permaculture to create regenerative solutions benefitting people and nature. He installed the first large-scale solar array in Tamarindo, the first ozone laundry and pool systems in Guanacaste, and even invented a blockchain solution for The Nature Conservancy to accelerate land conservation.

All statements herein are believed completely accurate at the time of publication, but subject to change. The developer welcomes ideas and suggestions from the local community for executing the most positively impactful project possible. For additional information, please email info @LaGuapinola. com.