Developers Seek to Enhance Freeport Area With Environmentally Responsible Project

FOR IMMEDIATE RELEASE

DEVELOPERS SEEK TO ENHANCE FREEPORT AREA WITH ENVIRONMENTALLY RESPONSIBLE PROJECT
Planned Jolly Bay development to maximize land use while bringing needed amenities and infrastructure to growing community

FREEPORT, FL, September 11, 2007 --/WORLD-WIRE/-- Jolly Bay LLC, a new development company dedicated to responsible growth for Walton County and its residents, announced the plans for a new village nestled in the live oaks, magnolias and pines of Walton County along the north shore of the Choctawhatchee Bay. Plans for this development set it aside from other local projects as it will include an upscale RV park, a Bed & Breakfast, a 120 Unit Condominium, a marina and both commercial and retail space. Situated on 60 acres of land, Jolly Bay's project will only reside on 17 acres in order to preserve 43 acres for natural beauty and to ensure the integrity of the surrounding area.

Building vertically in a condominium high-rise instead of sprawling out the living units allows much of the 60 acre site to remain intact according to the developers. The county comprehensive plan allows for 2 units per acre on the 60 acre site, therefore the developer is allowed 120 units. The plans are that the 26 story building will offer affordable 1, 2 and 3 bedroom units with unprecedented views of South Walton's rivers, bayous and bay. The project's first phase will include the RV park and the Camp Store. Future phases will include the bed and breakfast, commercial areas, amenities and the condominium.

Jolly Bay LLC was founded by longtime Walton County residents Carl Post and Kimberly Maxwell. "Having lived in Freeport for 25 years, long before any of the recent development was even conceived, Carl and I have been planning to find a unique way to develop this parcel of land while preserving its natural beauty and surroundings. We want to provide the community with new amenities and living space that will improve the quality of life for current residents and allow newcomers to appreciate the beauty of this area," stated Maxwell.

Jolly Bay LLC has worked closely with Walton County for over 2 ½ years during the development process to ensure that site plans fit the parameters of the County's comprehensive plan for Freeport. Jolly Bay will be just north of the US Highway 331 Bridge allowing residents and visitors easy access to both the Beaches of South Walton and the community of Freeport. Specific plans for the site include:

55 site RV Park
20 Room Bed and Breakfast
49 slip Marina
Camp Store
Coffee Shop
Restaurant
Over 14,000 feet of Office and Retail to include full service gym, offices, shops and other retail
Open green space park and performance stage
Fitness and Nature Trail
120 Unit Condominium

"We want this village to provide a definitive sense of community and pride for Freeport. It will be a place that people come to experience the rich history and the serene beauty of the area. People will stop by for a day, a week, or to stay forever. We believe that Jolly Bay will be a wonderful addition to the area,"added Maxwell.

About Jolly Bay LLC
Jolly Bay LLC was formed to develop environmentally sensitive property for best use while keeping the integrity of the land and natural beauty intact. Jolly Bay LLC is represented by Kimberly Maxwell of NetPR. She can be reached at 850-835-2694 x301 or Kimberly@netpr.net.