“The 132 acre development will surround the Health City Cayman project in High Rock, East End and will comprise support infrastructure such as residential, hotel, commercial, retail and restaurants.”

Monday, 3 December (Grand Cayman) – City Services (Cayman) Ltd. submits a Planned Area Development

(PAD) application for a132 acre master-planned community surrounding the Health City Cayman project in High Rock, East End.

The City Services PAD application facilitates the

master planned community surrounding the hospital and will include hotels, multiple residential areas, commercial buildings, retail outlets and restaurants; and civic buildings such as schools, recreational facilities and places of worship. The City Services’ application is separate from the PAD application submitted last week by Health City Development Ltd. also known as “The Shetty Hospital” led by Mr. Gene Thompson. The Thompson group is generally responsible for developing the hospital itself and related medical facilities (see attached diagram of development Site Plan).

“As a long term resident and developer, I am committed to the Cayman Islands and remain optimistic

about the recovery of our economy. This PAD application represents the largest of several projects we currently have underway,” noted Mr. Joe Imparato of City Services (Cayman) Ltd. Other projects being developed by Mr. Imparato’s companies include Caribbean Plaza on West Bay Road, Dolphin Point Condominiums, Rum Point Club Condominiums, and refurbishments of the old Caymania Building in George Town and Trafalgar place on West Bay Road. “We currently have a lot of work either already underway or soon to start in the New Year”, said Mr. Imparato. “Subject to the necessary approvals, we will get people back to work in early 2013 as we start the site preparation and preliminary roads infrastructure work at High Rock.”

The initial site preparation work will pave the way to job opportunities for Caymanians who are seeking employment in an industry (construction) that has languished over the past four years.

The design of City Services’ master planned community reflects careful attention to the density, height and scaling to respect and draw on the character of the site; with the tallest and densest development located in the centre farthest away from the main coastal road or adjacent land owners. The project will have considerable green spaces and community areas. And, in fact; the City Services PAD application reflects five times the amount of community space required by law (community space is land designated as open community areas such as parks, lakes, and ponds).

The current planning law requires that 5% of the development be allocated for community space; the City Services application includes some 25% of the area, or nearly 33 acres (instead of the required 6.5 acres) designated as community space which will be used for parklands, a community playground, a seafront Boulevard along Seaview road and natural green and/or water buffers to the adjoining land owners (See attached diagram of the development Zoning Plan). “We asked our architects to be mindful of the adjacent properties and to create proper setbacks and buffers which can be seen on the perimeter of the site plan’“, said Mr. Imparato.

In addition to the community space the design also allows for the buildings to flow with nature with the taller and more densely populated buildings toward the center of the development and the height and density decreasing and eventually turning into a natural green buffer the closer you are to the adjacent lands (See attached diagram of the development Massing and Density Plan).

The master plan also proposes the use of Sea Water Air Conditioning (SWAC) as another way to maintain the development’s environmentally conscience design by utilizing a renewable source of energy to provide air conditioning and power to the project. The SWAC system operates by drawing up 42 degree sea water from a depth of about 4,000 feet and circulating this water through heat exchangers to provide chilled fresh water for cooling. At the completion of the cycle the sea water is returned to the sea unchanged but for a few degrees of temperature. The same cold sea water can be used to power turbines in order to make electricity. The development plan allows for intake and pumping station on the west end of the site with cooling distribution along the East-West corridor. “This is what has made the High Rock site particularly attractive for development because the drop off is only 1,600 feet out from the shore”, commented Mr. Imparato.

“Our project lends itself to a number of potential partnerships and joint ventures, for example, the hotels, residential communities, retail and restaurants ,” said Mr. Imparato “and we look forward to working with local companies and investors who want to get involved. As a long term resident and developer, I am committed to the Cayman Islands and I am optimistic that with fiscal discipline and careful, long term investments, our economy will recover. As a developer, I always see the glass as half full and never half empty”, he concluded.

The Planned Area Development application was submitted on Thursday, 29 November and the plans are available for review and inspection at the Planning Department. The City Services PAD application carried with it a CI$66,000 application fee and it does not include requests for any fee waivers or Government concessions.

Mr. Imparato added, “I would be remiss in introducing this project not to acknowledge the hard work and dedication of Mr. Gene Thompson. Gene, together with the support of Government, is the person most responsible for creating the opportunity for all of this to take place.”

The project team for this master planned community is Kariba (Architecture and Interior design), Livingstone (Construction Management) and City Services (Cayman) Ltd. (developer). City Services sold the first 50 acres of land for the Hospital to the Health City Development Ltd group which is a joint venture, owned 70% by Ascension Health Alliance, St. Louis, Mo USA; and 30% by Dr. Shetty’s interests. This land is to be used exclusively for the medical and medical related purposes. The Thompson Development group has an option to purchase another 150 acres from City Services. The City Services PAD is for the master planned community surrounding the hospital, a master planned community which will include hotels, residential areas, commercial buildings, restaurants and other civic buildings such as schools, recreational facilities and places of worship.

The developer, Joe Imparato of City Services (Cayman) Ltd., has resided in the Cayman Islands for more than 34 years and is well known in both civic and business communities. He is currently developing the Caribbean Plaza Buildings opposite Caribbean Club on West Bay Road and refurbishing the old Caymania building in George Town. Other quality real estate projects owned and/or developed by the City Services group of companies include the Caribbean Club, Fidelity Financial Center, The Marquee Cinema and Office Complex, Buckingham Square, West Shore Center and Galleria Plaza.

PADs (Planned Area Developments) were introduced under the amended 2010 Development and Planning Law. This amendment allows for master planned developments with parcels of land totaling over 40 acres, to utilize the area for multiple land uses, densities and open space without applying for rezoning. Specific projects and construction within an approved PAD still require individual applications to, and approvals from, the Central Planning Authority.