Land Development and Sale Contract	3 Months Ended
Mar. 31, 2022
Land Development and Sale Contract
Land Development and Sale Contract	12. Land Development and Sale Contract On April 13, 2021, we entered into an Agreement for the Sale and Purchase of Real Property with Toll Bros., Inc. for the sale and residential development of approximately 53 acres of land along the northern boundary of the property. The sale is contingent upon approval of a land use plan amendment and an amendment to the RPD master plan for Innisbrook from Pinellas County and other governmental agencies. We filed a plan amendment application with Pinellas County on December 15, 2021. As our development team continues to progress through the Pinellas county regulatory process, our applications received unanimous approval from the Pinellas Local Planning Authority on April 14, 2022. On May 24, 2022, our application for an amendment to our Land Use Plan and an amendment to the RPD master plan was unanimously approved for transmission to the State of Florida by the Board of County Commissioners of Pinellas County. We are continuing through the regulatory approval process. On May 26, 2022, the Agreement for the Sale and Purchase of Real Property with Toll Brothers, Inc was amended to modify the Inspection Period to expire on June 15, 2022.

Land Development and Sale Contract

3 Months Ended

Mar. 31, 2022

12. Land Development and Sale Contract

On April 13, 2021, we entered into an Agreement for the Sale and Purchase of Real Property with Toll Bros., Inc. for the sale and residential development of approximately 53 acres of land along the northern boundary of the property. The sale is contingent upon approval of a land use plan amendment and an amendment to the RPD master plan for Innisbrook from Pinellas County and other governmental agencies. We filed a plan amendment application with Pinellas County on December 15, 2021. As our development team continues to progress through the Pinellas county regulatory process, our applications received unanimous approval from the Pinellas Local Planning Authority on April 14, 2022. On May 24, 2022, our application for an amendment to our Land Use Plan and an amendment to the RPD master plan was unanimously approved for transmission to the State of Florida by the Board of County Commissioners of Pinellas County. We are continuing through the regulatory approval process. On May 26, 2022, the Agreement for

the Sale and Purchase of Real Property with Toll Brothers, Inc was amended to modify the Inspection Period to expire on June 15, 2022.

Salamander Innisbrook, LLC 10-Q