The development agreement between CMPA and MPDP has an assignment clause:
“Article XVIII, Section 18.01 Assignments. The Developer shall have not have the right to assign its rights and obligations under this Agreement or related management agreement without the prior written consent of CMPA in its sole discretion.”
In the MPDP RFP proposal, Scott Davison, founder/CEO of Land Capital, wrote that MPDP would consist of Land Capital Group, Brass Real Estate Fund and their affiliate Magi Real Estate. Capmark Financial Services might take an equity interest.
We have obtained a copy of the MARITIME PARK DEVELOPMENT PARTNERS, LLC organization papers. Scott Davison has publicly said that he has no ownership. None of those four companies listed in the RFP are partners either in the MPDP.
The partners are as per this document:
Maritime Park Development Partners, LLC, a Texas Limited Liability Company $10,020 (50.1%)
MP-LC Development Partners, LLC, $9980.00 (49.9%)
MP-LC Development Partners is owned by Mark White, former Land Capital VP and now a project manager for Magi Construction. This LLC was dropped from the Florida filing for MPDP last November and replaced with Rick Rodriguez, the owner of Brass & Magi Real Estate.
Maritime Park Development Partners, LLC, a Texas Limited Liability Company – is owned by (see document)
J. Rick Rodriguez $8000.00 (80%)
Jeffrey S. Galt, MPDP president, $1000 (10%)
THE SABRINA BAILY RODRIGUEZ TRUST OF 2005, $500 (5%)
THE SAMANTHA NICOLE RODRIGUEZ TRUST OF 2005, $500 (5%)
Ed Fleming was given the following flowchart by Jeff Galt of the complicated relationships between the entities: Chart
The CMPA needs to find out is who is MPDP. The board never voted to give the contract to J. Rick Rodriguez, Jeff gAlt and two children’s trusts.
