1975 Federal Trade Agreement
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In 1975, ITT made an 'Agreement' with the Federal Trade Commission.
For those wishing to peruse the FULL 'Consent Agreement' it is:
International Telephone and Telegraph, et. al.,  933p.
Docket # C-2854
Findings, Opinions, and Orders, July 1, 1976 - December 31, 1976 Volume 88
Federal Trade Commission Decisions webpage.



NOTE: the areas specified for Conservation, Preservation, and Recreation vs/ NO Trespassing NOW ?

Here is a synopsis of the 'Agreement":
August 1976
Mr. and Mrs. George E. Chuddy
28 Lake Drive
Darien,Connecticut 006820
Dear Mr. and Mrs. Chuddy:
Because you have made a commitment in Palm Coast by establishing your home here, we believe you should be aware of an agreement that we recently reached with the Federal Trade Commission.
ITT Community Development Corporation ( ICDC) has signed a Consent Agreement with the Federal Trade Commission (FTC) concerning the furture development of Palm Coast.  Signing the agreement does not constitute an admission that any law has been violated, as the agreement itself states. We feel the agreement is important in order to attain our primary goal -- the development of Palm Coast as a balanced, well-rounded community.
An important part of the Consent Agreement calls for the execution of plans, within six years, which we believe, in the long run, will be good for Palm Coast.  In brief, among other things , we have agreed to the following:
1.  A shopping center with at least 400,000 square feet of floor space will be provided.We are already in contact with prospective developers of individual stores, including a supermarket.
2.  With appropriate governmental agreement, a traffic interchange on Interstate Highway 95 will be constructed to serve Palm Coast according to plans we submitted to the Florida Department of Transportation in August 1972.  ICDC will pay for the interchange as originally designed.
3.  An office and research park area will be developed with appropriate roads and utilities to serve it and landscaping to make it an attractive part of Palm Coast.  Planning for this already is under way.
4.  A multi-purpose office building, with at least 5,000 square feet of floor space, will be constructed for tenants in the office and reserch park.  This structure, also, is under planning.
5.  We will move the headquarters of ICDC to Palm Coast. We plan to be substantial employer contributing much to the economy of Palm Coast and Flagler County.
The agreement also provides for us to restrict our developoment efforts to 42,000 acres for a period of 15 years ( with possible extension for another five years).  This will allow appropriate construction in areas set aside for commercial establishments, light industry, recreation, preservation and conservation and other residential uses. Moreover, during this 15- or 20-year period, sales will be limited to 48,000 registered lots of which over 36,000 already have been sold.
The aforementioned are some of the most important points contained in the Consent Agreement as it affect you and the balanced development of Palm Coast.  You will also be interested in knonwing of additional projects that we believe further enhance the community.. Here are some examples:
We have donated two acres of land, adjoining the furture Emergency Services Building site, to the Palm Coast branch of the YMCA to be used as the location fo a Community Activities Center.  We will bear the cost of constructing this facility for all community residents and for sharing in operational expenses during its first three years  -- a gift totalling more than $400,000.
We have provided as a gift a site of 57 acres to the Flagler County School Board for a junior-senior high school.  The first class of proud seniors was graduated from Flagler-Palm Coast High School last spring.
We have designated a number of sites for recreation parks, preservation and conservation, and other public areas.  One site, in Section 1-A, now is being developed and a paved bicycle path has been constructed. Another bike path, starting near the Yacht Club, is in use.  ((( He's speaking of the first Yacht Club we had which was replaced by the second Shearaon we had - called the Harborside Sheraton at the end of Club House Drive - you see, the Developer promised and delivered, with NO disclaimers:  A Yacht and Swim Club, a Tennis Club, Marina and Public Boat Ramp, a Full Professional complete Golf Course with driving range, putting green, and Contemporary Clubhouse. These were elements shown to thousands of Prospective Buyers on "The Companys' official 'Guided Tour' run by their big FLEET of, Vans, Jitneys, and even a London Bus. We all paid a HUGE   premium , sometimes hundreds and thousands over TWICE the price of a 'standard lot', to be in these sections, and Palm Coast was promoted and advertised as 5 miles of Beach, and miles of Canals and a Four Golf Course Community with a density of 2.7 per acre, less than that of Beverly Hills and all LOTS were 'designated and recorded' and a height restriction of about 30 feet, with Covenants and Restrictions running with the land for 30 years. . )))
We are working with the Palm Coast Civic Association so that Palm Coast residents can form a legal entity to which we can donate oa one-acre site and an Emergency Services Building to house fire and security forces, an ambulance, and facilities for community activities.  A preliminary blueprint fo the structure has been approved by a committeee from the Community.
As you know, we donated a $36,000 pumper fire truck to the Palm Coast Volunteer Fire Department , which will be stationed in the Emergency Services Building..
Palm Coast's first church building, St. Mark by the Sea Lutheran Church, ws dedicated on the morning of July 4.  Catholic and Baptist church organizations have purchased sites for their proposed churches.  And Temple Beth Shalom is considering building a Synagogue. We at ICDC are very pleased, as we know citizens of Palm Coast are, to witness this growth and progress in the vitally important religioius life of our community.
Palm Coast's first financial institution, a branch of the Security First Federal Savings and Loan Association, recently opened for business. We believe others will follow with the growth of the community.
These and many other facilitites will be needed to serve Palm Coast's growing population. And it is growing. During the last nine months, construction of over 200 homes began. We now have over 1,000 people living and enjoying the good life at Palm Coast.
In closing, let me assure you that the ITT Community Development Corporation believes very strongly in the furture of Palm Coast and that we are determined that it will grow and progress in a balanced and healthy manner.
Sincerely yours,
Alan Smolen

This Applied only to the small 42,000 Acres of 93K
of the Total 93,000 Acres. A Moratorium was place on the outstanding 51,000 Acres for 15 years.



SunSport Recreation, Inc. Our Amenities Palm Coast
FTC Compliance Report 'Exhibit B'

Note: Our SunSport Beach Club No Charge
FTC Compliance Report Exhibit 'B' -Note Our Marina -Bike Tentals, Spinning Rod & Reel & Boat Rentals

FTC Compliance Report Exhibit 'B'.
Note: Our Sunsport Beach Club 16th Street Road A1A Pool, Bar=B-Que Grills, Volleyball, Fishing Rods

Fee Structure Effective June 1, 1989
FTC ordered Compliance Report Exhibit ' B '

Palm Coast Players Club  18 Tennis Courts ( Hard, Clay & Grass), Pro Shop, Lunge & Cafe, Locker & Shoer Facilities, Aerobics Room, Racquetball and Ssasonal Pool:  Annual  $  685,  Semi Annual   $ 535   Seasonal Pool:  ( April - October and Locker & Shower Facilities  $ 200
Sunsport Beach Club:  Seasonal Pool; Sun Deck with Chairs and Lounges; Towels; Dune Walkover to Beach; Restrooms, Snack Bar and Refreshments; Fishing Equipment Rentals; Retail Beach Supplies   Annual  $ 250.
Dual Clubs  Membership in any two SunSport Golf Clubs  Annual  $ 1895 Family, Single 1350
Gold Card  Membership in all three Sunsport Golf Clubs Annual  $ 2250  Family, Single $ 1800.


FTC Compliance Report 'Exhibit B'
Garfield Center Stage on Official Letterhead - Palm Coasts' Mascot and Spokesperson Cat


Excerpt from above:
...A fifteen year moratorium on the use of the    51,000    acres   surrounding the    42,000    acres under development has also been agreet to . Respondents were unable to accurately compute the cost for implementation of these changes, however, an estimate of almost  $ 30,000,000.00   was suggested by respondents to give staff an idea of the magnitude of their expected costs and write-offs.
This order, if accepted,     represents     the     largest    amount      of    consumer redress      ever ordered by the  Federal Trade Commission.

Source: FTC FOIA-201000001 Oct., 26, 2009
FR: Joan e. Fina, Assistant General Counsel of the Federal Trade Commission.

FR: FOIA-2-10-00001
FR: Joan E. Fina Assistant General Counsel of the Federal Trade Commission

FOIA Requests 2009

We will continue to remain the Stewards of the very early ITT Levitt/ ITT ICDC information; hoping for a Museum like Flagler Beach already has; hoping for a certified local goverment like so many other Florida Cities already are .