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Backup Documents 07/11/2017 Item #16A25 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 16 A 25 TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. 2. 3. County Attorney Office County Attorney Office ( ' l 4. BCC Office Board of County VA b Commissioners V\\r/di I\vA\\ 5. Minutes and Records Clerk of Court's OfficeI 1)M `1 4t 11 I Z pfn PRIMARY CONTACT INFORMATION Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addressees above,may need to contact staff for additional or missing information. Name of Primary Staff John Houldswort Phone Number x-5757 Contact/ Department Agenda Date Item was July 11,2017 Agenda Item Number 16.A.25 Approved by the BCC Type of Document License Agreement Number of Original One Attached Documents Attached PO number or account number if document is to be recorded INSTRUCTIONS & CHECKLIST Initial the Yes column or mark"N/A" in the Not Applicable column,whichever is Yes N/A(Not appropriate. • (Initial) Applicable) 1. Does the document require the chairman's original signature?5z� 0 .D/L 1 .rt/.a-t�Fp U 2. Does the document need to be sent to another agency for additional si atures? I yes, n/a provide the Contact Information(Name; Agency;Address; Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be signed by the Chairman,with the exception of most letters,must be reviewed and signed JH by the Office of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's n/a Office and all other parties except the BCC Chairman and the Clerk to the Board , 5. The Chairman's signature line date has been entered as the date of BCC approval of the 0 F - document or the final negotiated contract date whichever is applicable. 6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's t signature and initials are required. r 1 l 7. In most cases(some contracts are an exception),the original document and this routing slip should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain i) time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on July 11,2017 and all changes made during the meeting have been incorporated in the attached document. The Countyvk\ P:/ •�6` Attorney's Office has reviewed the changes,if applicable. 9. Initials of attorney verifying that the attached document is the version approved by the BCC,all changes directed by the BCC have been made,and the document is ready for the 1/44 •• £` Chairman's signature. I:Forms/County Forms/BCC Forms/Original Documents Routing Slip WWS Original 9.03.04,Revised 1.26.05,Revised 2.24.05;Revised 11/30/12 16A25 Martha S. Vergara From: Martha S.Vergara Sent: Monday, July 17, 2017 10:24 AM To: HouldsworthJohn (johnhouldsworth@colliergov.net) Subject: License Agreement Attachments: John Houldsworth.pdf John, Attached for your records is the License Agreement from the 7/11/17 BCC Meeting, Agenda Item #16A25 (Creekside West). Thanks, Martha Vergara, BMR Senior Clerk Minutes and Records Dept. Clerk of the Circuit Court & Value Adjustment Board Office: (239) 252-7240 Fax: (239) 252-8408 E-mail: martha.vergara@collierclerk.com 1 16A25 LICENSE AGREEMENT THIS LICENSE AGREEMENT ("Agreement") is made this I i day of , 2017, by the BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORI A, a political subdivision of the State of Florida ("BOCC" or "County"), having its principal address at 3299 Tamiami Trail East,Naples,Florida 34112, in favor of Creekside West, Inc., a Florida corporation ("Addison"), having its principal place of business at 2600 Golden Gate Parkway,Naples, Florida 34105. BACKGROUND A. BOCC owns a 1.5 acre parcel of land located adjacent to Immokalee Road, Florida as described in the Warranty deed dated October 15, 2014 between Happy #4 Family Corporation and Collier County and recorded in OR Book 587, Page 93 of the Public Records of Collier County, Florida(the "Property"); B. The Property is held by Collier County in fee simple as right-of-way for future improvements to Immokalee Road; C. The Property is not presently needed for County improvements; D. Addison owns the property described in Exhibit "A" attached hereto and incorporated herein, also known as the Addie's Corner Planned Unit Development (the "Addison Parcel"); E. The Addison Parcel is located north of the Property; F. Pursuant to the transportation commitment in Ordinance No. 2011-08, Happy #4 Family Corporation dedicated the Property to Collier County to relocate the Cocohatchee Canal, as compensatory right-of-way for the turn lane into the Addie's Corner Planned Unit Development and for future Collier County improvements to Immokalee Road; G. The future Collier County improvements to Immokalee Road are associated with a transportation project not yet scheduled in the 2040 Long Range Transportation Plan; (17-EIS-03572/1348991/1)79 1 7/3/17 CAn 16A25 H. The dedication of the Property to Collier County results in a distance of approximately 200 feet from the allowable location of a signage and entry features within the Addison Parcel to the nearest travel lane on Immokalee Road; I. Addison desires to construct signage and entry features within the Immokalee Road Right-of-Way at the location shown in Exhibit"C" which would remain under the terms of this Agreement until the Property is needed for County purposes; J. Locating signage and entry features at the location shown in Exhibit "C" instead of the Addison Parcel will better allow for motorists travelling on Immokalee Road to identify the location of the entrance to the Addison Parcel; K. BOCC has determined the Addison's request for signage and entry features within at the location shown in Exhibit "C" is, as a matter of health, safety, and welfare, in the best interest of the citizens of Collier County, Florida, and BOCC will grant a license to Addison to construct and maintain signage and entry features on specified locations shown in Exhibit "C" in accordance with the terms of this Agreement.; L. BOCC in its discretion agrees that Addison may construct residential signage and entry features at the location shown in Exhibit "C" until BOCC needs the Property for county purposes or unless a safety issues arises; and M. The parties have entered into this Agreement to evidence their understanding. NOW, THEREFORE, for a good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 1. The above recitals are true and correct and are incorporated herein. 2. BOCC hereby grants a temporary license to Addison to enter upon the Property and construct and repair, as needed, two (2) freestanding monument signs and associated entry features based on the renderings attached as Exhibit "B". The location for the signage and entry features are set forth on Exhibit "C". The signage and entry features shall not be used as structural support for any private roadway improvements. The location of the signage and entry features shall be subject to the approval of a Collier County Right-of-Way Permit for the signage and entry features location. 117-EIS-03572/1348991/1)79 2 7/3/17 0 16A25 3. This license will exist until terminated pursuant to the terms hereof. 4. Addison may clear vegetation within the Property and shall maintain the Property, upon approval of a right-of-way permit, until such time as Collier County needs the Property for County purposes. Beginning 30 days after right-of-way permit approval, and annually thereafter, Addison shall pay to County the sum of $555 per year based on the valuation in the short form appraisal attached as Exhibit "D". 5. Either party may terminate this Agreement, in whole or in part, for any reason by providing ninety (90) days prior written notice to the other party ("Notice of Termination"). In the event that either party provides a Notice of Termination, Addison shall remove the signage and entry features and restore the Property to the condition it existed as of the date hereof by the termination date set forth in the Notice of Termination. In the event the signage and entry features are not removed by the termination date set forth in the Notice of Termination, the County may remove the signage and entry features and dispose of it. County shall not be responsible for compensation, costs or damages of any kind resulting from the County's removal of the signage and entry features. To ensure that the cost of removal of the signage and entry features is borne by Addison, Addison shall post a cash bond in the amount of $5000 upon issuance of the right-of-way permit, which may be called upon by the County if the County removes the signage and entry features in accordance with this paragraph. 6. Addison shall be responsible for, and shall defend, indemnify and hold harmless BOCC against and from any and all liability or claim of liability demands and causes of action, which may arise as a result of Addison's performance or activities under this Agreement, together with all costs and reasonable attorney's fee for defending the same, arising out of: (a) any failure on the part of Addison to perform or comply with any of the terms hereof, (b) performance of any labor or services or the furnishing of any materials in respect to the construction or maintenance of the signage and entry features installed on the Property pursuant to the terms hereof; (c) any negligent, intentionally tortuous, or other act or omission of Addison or any of its employees, agents, licensees or invitees solely as it may relate to this Agreement; and (d) any patent or latent defect in the signage and entry features caused by Addison or any of its employees or agents. 7. Except as and if otherwise provided herein, all notices, request and demands to or upon the respective parties hereto shall be in writing and shall be deemed to have been given or made five (5) business days after a record has been deposited in the mail, postage prepaid, or one (1) business day after a record has been deposited with a recognized overnight courier, charges prepaid or to be billed to the sender, or on the day of delivery if delivered manually with receipt acknowledged, in each case addressed or delivered: [17-EIS-03572/1348991/1]79 3 7/3/17 C 16 A 25 To BOCC at: 3299 Tamiami Trail East Naples, FL 34112 Attn: Chairman With a copy to: County Attorney's Office 3299 Tamiami Trail East, Suite 800 Naples, FL 34112 Attn: Jeffrey A. Klatzkow, County Attorney To Addison: 2600 Golden Gate Parkway Naples, FL 34105 Attn: David Genson, P.E. With a copy to: Coleman, Yovanovich& Koester, P.A. 4001 Tamiami Trail North, Suite 300 Naples, FL 34103 Attn: Richard D. Yovanovich, Esq. 8. Subject to Paragraph 9, this Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto, their heirs, personal representatives, successors, or assigns and shall run with the land. 9. Addison may assign this Agreement to CCC Addison, LLC, otherwise Addison may not assign this Agreement without BOCC's express prior written consent which consent shall not be unreasonably withheld. 10. This Agreement may not be changed, modified or amended, except in writing by an instrument executed by the parties hereto. 11. If any term or provision of this Agreement or the application thereof to any party, person or circumstance shall, to any extent, be declared invalid or unenforceable by a court of law, the remainder of this Agreement, or the application of such term or provision to parties, persons or circumstances other than those to as to which it is held invalid or unenforceable, such term or provision shall be modified to the minimum extent necessary to make it or its application valid and enforceable, and the validity and enforceability of all other terms and provisions of this Agreement and all other application of any such term or provision shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 12. This Agreement shall be construed and enforced in accordance with the laws of the State of Florida, exclusive of choice of law rules. Venue for any legal action arising out of 117-EIS-03572/1348991/1179 4 7/3/17 0 t6Aa5 . this Agreement shall lie exclusively in the state courts of Collier County, Florida. In the event of any litigation hereunder, the prevailing party shall be entitled to recover, in addition to other remedies, reasonable attorney's fees and all costs incurred in connection with any such litigation whether incurred prior to trial,during trial, on appeal, or in bankruptcy. 13. This Agreement constitutes the entire understanding of the parties, and all previous agreements and understandings are superseded by this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above. Creekside West,Inc. BOARD OF COUNTY COMMISSIONERS A Florida corporation COLLIE' C! ` Y,FLORIDA By: /2 By: /".47....Brian Gol PENNY TChairm Print Name: _ Vice President Print Title: Approved as to form and legality: ATTEST: DWIGHT E.BRCS,:CL' _: _ r H,idi Ashton-Cicko ,) Managing Assistant County Attorney Attest as to Chairman's STATE OF FLORIDA signature only. COUNTY OF COLLIER 441 The foregoing Agreement was executed before me this - day of July , 2017, by Brian Goguen , as Vice President of the Creekside West, Inc., a Florida corporation, who is personally known to me or who produced as identification. Notary Public , ..p KIM D.DAVIDSON Name Kim Davidson ," *' MY COMMISSION#FF 070690 EXPIRES:February 19,2018 Certificate No. FF 070690 :,F o ,' Bonded Thru Notary Public Underenters My Commission expires 02-19-2019 i I [17-EIS-03572/1348991/1j79 5 7/3/17 s_'A C)1 16A25 EXHIBIT A LEGAL DESCRIPTION PARCEL 1: THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. PARCEL 2: THE SOUTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, LESS AND EXCEPTING THE SOUTH 100 FEET THEREOF. PARCEL 3: THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. LESS AND EXCEPTING THE FOLLOWING DESCRIBED LANDS FROM SAID PARCELS 2 AND 3: A PARCEL OF LAND LOCATED IN A PORTION SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN N.89°57'31"W., ALONG THE SOUTH LINE OF SAID SECTION 22 FOR A DISTANCE OF 660.31 FEET TO A POINT ON THE EAST LINE OF THE WEST HALF OF THE SOUTH EAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00°44'46"W., ALONG SAID EAST LINE FOR A DISTANCE OF 100.01 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF IMMOKALEE ROAD, A PUBLIC RIGHT-OF-WAY OF VARYING WIDTH, THE SAME BEING A POINT 100.00 FEET NORTH OF AS MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 22, THE SAME BEING THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREIN DESCRIBED; THENCE RUN N.89°57'31" W. ALONG THE NORTH RIGHT-OF-WAY LINE OF SAID IMMOKALEE ROAD PARALLEL TO THE SOUTH LINE OF SAID SECTION 22, FOR A DISTANCE OF 824.90 FEET TO A POINT ON THE WEST LINE OF THE EAST HALF OF THE EAST HALF OF THE EAST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00°38'21" W. ALONG SAID WEST LINE, FOR A DISTANCE OF 43.75 FEET; THENCE RUN N.85°07'28"E. FOR A DISTANCE OF 826.89 FEET TO A POINT ON SAID EAST LINE; THENCE RUN S.00°44'46"E., ALONG SAID EAST LINE FOR A DISTANCE OF 114.63 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED. PARCEL 4: THE SOUTH 100 FEET OF THE THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA. 1T6A25 EXHIBIT A CONTAINING 21.83 ACRES MORE OR LESS cAa 16A25 1 • 1 . .....,..:. _ v 1 k—_____,,,/ or z � E 1 MN v/ , a=- 7G N �2 m 1 ,/ ) uli x N co / • j7 •4,.. - k-a, f 4 �?- 1 i; C vd, 3, /+ J 2 f g_..., g G_ z_ C," - R,\\,./,,,, i ... oJ I r, 4 A at O, _i_ts_A2 .,5 EXHIBIT C ' _ W 0 Y • 1 Plill 00 I V 1 va Vita &to .:., I u 1 '--7. 11::';,, j—I : ' W' .5,, ...„,..., _.......-TO -1,A(..-- __ .1 TREE FARM ai „ PUD p ESPLANADE GOLF AND ._Q ''` a ` – U COUNTRY CLUB r lllllulll ii ,,. Il1�.lj ADDIE'Ss- - - J i 1r R SIDFTI I V- 3•',, ' L. , . (EfEDrniii.,,, ,:J ll1(110W1og0 rl1II.4t c � ft: `� =2'.'�.-_,,..._: .,....,,,,_, �+•r 1, L- . ,i , Ic „--,....9- -r-I. a �. A a. t }.-. . -D Il 4, tri mmUlr % - — 4 ice' 4..f z 4... 1r - _.. �"_7f e�•Y” 4 t II TREE FARM 4. r/ f ADDIE'S CORNER PUD I ; COMMERCIAL i E COLLIER COUNTY R d W PARCEL .Iii (VNCTH VAR,E -�-- .—�1 --- -.. . 1 _ ____ _ ______. - ' 1 i COCOHATCHEE CANAL �� :t� I ` – r '3 - ,_. S �- IMMOKAL€€-ROAD ENTRY SIGN _ �_._._ P syr r u. _ .--------.7-- --_w-- 1J 250'IMMdKAII.E ROAD ----.„_-,,, ( r t r -tm=_.,. ..�; , ;; ttitIlt 0 • iPROJEC' IITIE OW ERICLIENT/CONSULTANT SEC 22 PAP4dS ROE 26E PENINSULA p D.. ,eal,� ALEJANDROAVILA ENGINEERING EXHIBIT "C” Of Dalt � " ""'�°""`A ADDIE S CREEKSIDE WEST, O.`ewuysoele JROA CORNER UNE 2017 ADDIE S CORNER INC r.XIC7 .,��� ,.:.. �.... P.o INumbo P-CRKW-005 7414.. � �' COVER SHEET !Np cow.(:ata Vr4nh Fue Number P-CRKW-005-005-R30-+. C—X30 Sneer Numbs/ 01 o 03 16A25 EXHIBIT] \ ADDIE'SCORNER ESPLANADE GOLF , I-` COMMERCIAL AND COUNTRY CLUB / 2MULTI-USE PATH _ / t: _-v- lif !LL ' - -i:. --- `EXISTING 24"FORCE MAIN / 111111 id ------------ ,, F ,,'' EXISTING 24'WATER MAIN •.,tvbry! ' ;. t1 W i ,- ..-.1,,,..,•-.,-44,--.:40407:40, . -ay---- �v �:9a.• ,•-.--",-*-...,,,,,,,..„.! „ ,?ate!:= ---" 1' ••r L ✓ ✓��C _.._..,��.., r� 0- ��,6-,..)-iii LANE ,� �# �-twy-,fir"��..� . -. 12'TRAVEL - ilie LANE �_-c \ _ ,'•• _-.�' _ ..."..0,...•11' -..,..4.,),...-- ". 4 '1"' 1 I PROPOSED ENTRY ��- j. I BRIDGE t - ✓'�,/�./�/� -- !�l �r - !''' BRIDGE RAIL TO BE EXTENDED 1-,t-''- \/,��\. u� •�:� -- 1 TO PROPOSED SIGN 77 ., PROPOSED ENTRY y 1 SIGN .47PROPOSED ENTRY • ii�� - i SIGN cl ci' _/� i <-r PROPOSED GUARDRAIL---..e-•-• ~ mm n • r� 4 / rNi \ D mp Ao c . z z Q T EX 7LIGHT -. ^ ----� - 1_ TURN LANE sc LANES IMMOKALEE Er IMMOKALEE ROAD "TLANES RAVEL�\ _EX.14'LEFT / • _ EX LEFT TURN LANE y, E \ , a PROJECT OWNER'CUENTrCONSU.TANT 9EC:22 WOOS ROE:26E P E N I N S U L A 4, AIEJANDROAMU- ENGINEERING" EXHIBIT "C" °"""" '`E'"'O OAW• ADDIE'SCREEKSIDE WEST, Date. X201 ADDIE'S CORNER Drawing N '`•10 "" """"" CORNER INC. Pm}eaNwnai P•CRKW-005-005 .wu cord.rate P.M.P.M. SIGN LOCATIONS Pie Number. P•CRKW-005.005-X30- C-X30 ti Sneer rsumoe+ 02 0 _.. 16 A 25 Exhibit D SHORT FORM APPRAISAL-COLLIER COUNTY GMD PROJECT NAME:Addie's Corner Sign Licensing(within Immokalee PARCEL NUMBER.Addison Place Signage Parcels(Addie's Corner) Road ROW) PARCEL AREA:1,934 sf(aggregate) LOCATION:Immokalee Road(north side ROW)west of CR951 PURPOSE OF THE VALUATION: To estimate the market value of an annual license to Jse land area for an adjacent property owners signage to be located within Collier County ROW MARKET VALUE DEFINED: The most probable price.as of a specified date.in cash or in terms equivalent to cash or in other precisely revealed terms.for which a property would sell(or be licensed for use)after reasonable exposure n a competitive market under all conditions requisite to a fair sale with the buyer and the seller each acting prudently.knowledgeably,and for self interest and assuming that neither is under any undue stimulus to act. 1 PRESENT ZONING:Not Applicable-Public ROW Zoning for nearby and FUTURE LAND USE:UrbanResidential Subdistrict/Mixed-Use adjacent lands includes residential.commercial-mixed-use PUD tracts (Residential Density Band) and nter m Agriculture zoning. -I ( HIGHEST AND BEST USE:Public ROW,Immokalee Road(inclusive of private entity uses allowed by permit and-or licensed uses within the public RO0V) DESCRIPTION OF SUBJECT PROPERTY:The subject property Parent Tract'consists of public ROW(north side of Irnmokalee Road)running east I of Logan Boulevard and west of Collier Boulevard(CR951) An access road for the planned Addison Pace MPUD is to be built running north off of i ImmoKalee Rd just east of the Esplanade community.The commercial component of this planned development(close to Immokalee Road,just north along the Cocohatchee Canal)will oe known as Addies Corner. The developer wishes to place signage and associated entry features on both sides of the planned access road south of the Cocohatchee Canal within the Public ROW(north side of Immokalee Road) Collier County is willing to permit these placements by way of an annual licensing agreement This Valuation Analysis calculates a fair Market Value'for an annual licensing payment for this use,n these sigrage areas. The l;censrng agreement will include 2 separate signageassoctated features areas The aggregate size of the license to use land areas comes to 1.934 sf. The value of the annual license will be based upon the value of the underlying lands upon which the licensed uses will be located.This underlying land value is calculated using an"Across the Fence"methodology for valuing ROW lands.This method pegs the value of the ROW lands to the value of the lands adjacent to the ROW. DISCUSSION OF COMPARABLE SALES AND EXPLANATION OF ADJUSTMENTS:The Following;.and Sales are used to estimate the value of the E subject property lands using the Sales Comparison Approach 1 Addison Place PUD:NIS Immokalee Rd Naples Sale Price:S1.850.000 Sale Date 8/15 2183 acres I 2 Immokalee Rd Woodcrest Rd SW corner.Naples Sale Price:$1.475,000 Sale Date:5/16 10.36 acres 3 200 Livingston Rd.north of Immokalee Rd.Napes Sale Price $2.2500000 Sale Date 2:16 15.23 acres Page of___;_,' C A 16 A 25 SHORT FORM APPRAISAL- COLLIER COUNTY GMD DISCUSSION OF COMPARABLE SALES AND EXPLANATION OF ADJUSTMENTS Sale#1 shows an indicated unit pnce of S84,745/acre This property is located just north of the Immokalee Rd ROW being valued(the signage for this developments the subject of the license valuation being estimated herein).Planned mixed development. Sale#2 shows an indicated unit price of$142.375 acre.This property is located on the south side of Immokalee Road on the S'W corner of Woodcrest Road Planned residential development This tract is located east of Collier Blvd but within the Urban Designated FLU Sale#3 shows an indicated unit price of$147.734;acre This property is located east of Livingston Road and 1.5 miles north of Immokatee Road. Planned residential development Land values have been rising for development tracts in the Naples market over the past several years.While sale#1 is most proximate to the parent tract ROW it is also the most dated sale.Comps#2 and 3 are more recent sales but further removed from the parent tract ROW Multiple factors considered.a mid-range unit price of$125.000;acre(or$2 871st)is judged to be most reasonable for the Immokalee Road ROW underlying land value in this area("Across the Fence' methodology). Underlying Unit Price(subject lands):$125,000tacre or$2.871sf CALCULATION OF ANNUAL LICENSE VALUE:The land area to be licensed includes sigrage footprint,associated entry features and maintenance areas The aggregate sze of the license areas comes to 1.934sf(calculated by others).Using the underlying land value unit price estimated above (5125.000/acre or$2.87sf)and a common-use/typical land capitalization rate of 10% The annual license fee is estimated as: I' 1,934sf x$2.87/sf x 10%=$555 per year ( — – n I ESTIMATED VALUE OF ANNUAL LICENSE:$555. LAST PROPERTY INSPECTION DATE:N/A DATE OF VALUE:06/28/2017 SIGNATURE OF APPRAISER: APPRAISER'S NAME:Harry Henderson,SRA I have not previously provided appraisal services involving the subject property I have no past current or contemplated future interest in the subject property Page of21. 16 A 25 SHORT FORM APPRAISAL-COLLIER COUNTY GMD ('FRTIFICAI L OF APPRAISAL. I hereby certify that,to the best of my knowledge and belief,... The statements of fact contained in this report are true and correct. The reported analysis.opinions.and conclusions are limited only by the reported assumptions and limiting conditions,and are my personal. unbiased professional analyses.opinions and conclusions. I have no present or prospective interest in the property that is the subject of this report.and I ha%c no personal interest or bias‘e ith respect to the parties involved. My compensation(neither salary nor bonus)is not contingent upon the reporting ola predetermined value or direction in value that favors the cause of my employer.the amount of the value estimate.the attainment of a stipulated result.or the occurrence of a subsequent event. My analyses.opinions and conclusions were developed.and this report has been prepared. in conformity with the tfnifiorm Standards of Professional Appraisal Practice. Acceptance and utilization of this appraisal report.or any portion thereof.constitutes acknowledgment and acceptance of all the General Assumptions and Special Conditions contained herein. I have made a personal inspection of the property which is the subject of this report. Unless specifically mentioned in the body of'the report.and only to the extent mentioned.no one other than the undersigned contributed any significant assistance in developing the analyses.assumptions and conclusions contained in this report. r / darn I lenderson.SRA Review Appraiser Collier County.Florida RD3475 Page 3 Page _-) of CP( 16A25 EXHIBIT C 0 W d U tV I IN _ 2 m s 4. d a,4. n _ :- _ TREE FARM 1_ _ PUD ESPLANADE GOLF AND "s trJ '`" '4,---x- COUNTRY CLUB -; a, i AD13IE'S CORNER7-4\ _' - -RESiQENTIIkIv 1, ..x 4101 — TREE FARM /' ADDIE'S CORNER PUD I COMMERCIAL I i — _ COLLIER COWRY R O W PARCEL '. j� __--- - ._. 1 piMDTHVARIESI r �... (%-_- _... r SII` 'N COCOHATCHEE CANAL �_ i + E`-- 1=NTRYSIGN _....' ____ IMMO €ERAAET 250'IMMOKALLE ROAD '''t\ ROW ir(i(1 I 1 1I raorE, avt sF n PENINSULA/1:‘ _ JAv004.)A,A ENGINEERING`SEXHIBIT "C" CREEKSIDE WEST KE""°uNE2G." ADDIE'S Wk "NEL ADDIE'S CORNER Olameg Swift INC ,,, P•CRKw-005.005 CORNER COVER SHEET F..Peanbe, PcleKw1:105e05.x3111 VC-X30 s Sixe NumSe, 01 a 03 "age 1 of._1.__ (l 16 A 25 EXHIBIT t \ ADDIE'S CORNER .....,„ COMMERCIAL ESPLANADE GOLF . AND COUNTRY CLUB / , 12 VUL-,',.)SE. .:-....--- / 1., ---------- -- ------- - ''.. la: 4 N.-EXISTING 24-FORCE MAIN • — ,1 i • ----- _-<-27---,.------ ull --------- -- ,, . 1,21,..is _ --------------------- ,, , ,- r EXISTING 2C WATEFt WAX ." , -•-•'4.i.:4:4:::-4-1;:E::,r!i! ' .40i0441474:4114:414:!:!:•!•!A!4!.:.,,i:,..",; ' tot et 1.1,'at.0.!..•-1:-...t.,...- .7.:-.11pItto:ppIiolgo.:114.111blik , ' w...t-- .-4v./xlii •-#Zi074,/^e.,e."0Z48,7e;0-s-M , titi'a 4 a 4".-. •-':,,, ._ . : i''''-o-til":0"4414;•141::41:::.`11,tietlifit'ap„fir,•44,,,•.*: - ..' •'0.1*.iz!I:'!go it?, , pow-••',...,.•.•-••,;„•.. • . 4...4. . p. . ip..•1-.. p.; .. . --- , :- -10 ogioppippop.. -i,i di ' 10074‘i*******I446•4:4•••*•:44•:6:•:::•!!: ' '':=1-'''4,*;!: 7. 1-.:'4,r1b•sl'epeti..evpt-101. -.5•- 0..6:4.4,,s,„ . -,,,, ,..s., 4„es,,.....;. iPt_1,-..;ti.:.f't•'...".,,-;•1 --------------7 twi.;,..1.„..,..,1....i....• -og"=It • 4:44,4p_alb-41"10'lbits114,,,-,, •- '' ' .. ..:."'-'- '-'-' 7-'.."'-'-'--. - -, '' 4-,,'''' .`- ,- •':-C• 1..- 144'-it7-- - ..--coe0HA TcHEE- p4 -_-_ 4, -_- ..„, - , , - .' =- - LANE • .., . .'...; ,.-4*,-: 6.:.' - ''':1. ----'-- ---TITONCRE-F .' •• - - ., 4;L.::, ,, ..--„„,...,,:wfa,t ,t,, _. - .- ,...or 4`*"< -- _. . . . ,'Ilr 10,-11.'io#*IP or TRAVEL , ... illi** ..: - ' — , 400•111044,to.,4,114 -. 1.401,iimeq01,Ir' - - LANE v- i*.161,01.4 S. ' '410-. ' .-Or .,--,-....--"•- it.:••••!..-. -.1,:7014.:7-i .... —---------— - • .. 7.-,. ., . . . ' ., :. '., ,,,,..•....,,,..,....'",,„„;,..;_..,...,:-.0,.- - ' .,1.6111*.' 1.0.0.• 41,,,,„11: : ,,,,,,,...,'",r-,,, :IC \f_...1•-‘--" -"lo -ri 7 ,10....• R:0:1Itr4411:illIt:: 1!: , ..,,,,,,,,,,,,,,,,, 4,1"11e.e11•bleli'ee110'• itra' '-•'.- 0 ENTRY ---"'--"------e-''.- **-' 41!::::;g:!:%%11;A%ii:; : BRIDGE .ie.*.I,P.*,,,0.•..4{,I,04 I , 0 , BRIDGE RAIL TOW EXTENDED- '111,*11;i'llr;4;61:10:446tsts!4.1 -..._,,.....--........, ,, ,.• - P itIlPeela, 4, 4,„*- ! 6.*1116 . TO PROPOSED SIGN 1 : PROPOSED ENTRY ' ,,. .411:4,1111.64.°11?:,tilb, t011-'"W SIGN ,16,66 -.1,, f.0. • - rc..7'( ..4 PROPOSED ENTRY --e.: ,r.‹.-.e: . ;. -. ' -- ' ' •-• ...7".0 . .:. . ,., PROPOSE!)GUARDRAIL A A 1(2 , , „ ,• I§ ,, i i -- --1 Nr ... - ---- ''. EX 12 R'',..;t4T.../ II --. -' 1. TURN.ANE Nr ‘ II .......N...-EX II•TRAVEL EX n TRAVEL..-.7‘ \ LANES IMMOKALEE ROAD LANES 1 N. \ ) EX 14'LEFT EX LEFT ....... ".." TuRN LANE TuRN LANE N \ ______. , ---- __ I SEC 22 -.VP 46.5 RGE 211t 'PENINSULA_ ... 'es,redy ALEANOROAWA ENGINEERING ADDIE'S EXHIBIT "C" DIEM*by ADDIES CORNER CREEKSIDE VVEST, _._ INC Projea wale. P-GRINK -005-005 CORNER SIGN LOCATIONS •A&Nsenoer P-GRKY442054:05430-2 C-X30 sllee Pitambet 02 0 03 Page 5 of j_ . N(., 16 A 25 , • • . . ,. . . . . . . • 1 • . . 1 -.'-‘ ..... US PATH ........ . . . .•.'.•. 1 . AnIDE IE'S CORNER ...„ ...... l'al . • - COMMERCIAL • \. . . , . . . . . . . , Fillii ESPLANADE GOLF AND COUNTRY CLUB • i ' \ ,...----------.....----- • . • -- ••„,r, • 1 ; o 4,-.- ..0.4..ip. --- ,..,- -1----- . , . -A...* • 111% - —. - , I 0 ,Nit•tr:„. , PROPOSED ENTRy 416.410riii I BRIDGE trliiki4.--/gate ,-- - 2 , 111,...•,, ---00 C-OH-A-T.C—htE—E--CANAL ---,'--- --:- _ _,---- - ^.7.7.•• LANE i CONCRETE I ' 6SWAE CONCRETE -' SIDEWALK . TRAV.L ".----- 1 LANE .1t-t : e, *-'-- PR9P6SED ENTRY // 1 :: PROPOSED ENTRY : '.;:7;t"."q4 I I •)e 1 – 7' _ 1 t IMMOKALEE ROAD 1 i..• LANDSCAPE .1 INSTALLATION ONLY I.1 1 SIGN LEASE AREA ( 934 SF) PROJEC- - RT PENINSULA 1 ENGINEERING ,,ANUWW,M,,A1 ADDIE'S EXHIBIT "C" ADDIE'S CORNER CORNER SE:22 CREEKSIDE WEST, INC oDesire;ay 01.....V Sca1e •'41P 48SX., ALEJANDRO ANS A ALEJANDRO AVN.. Prc..ct nkentw P-CRKW-005.00 SIGN LEASE AREA S Foie.kent,e, P CRKWOOS-005430-3 C-X30 st.,....b. 03 a 03 Page ,-----N (-,40) ',...._.; 16A 25 EXHIBIT A LEGAL DESCRIPTION PARCEL 1: THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH. RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY. FLORIDA. PARCEL 2: THE SOUTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, LESS AND EXCEPTING THE SOUTH 100 FEET THEREOF. PARCEL 3: THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST. LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. LESS AND EXCEPTING THE FOLLOWING DESCRIBED LANDS FROM SAID PARCELS 2 AND 3: A PARCEL OF LAND LOCATED IN A PORTION SECTION 22. TOWNSHIP 48 SOUTH, RANGE 26 EAST. COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN N.89°57'31"W., ALONG THE SOUTH LINE OF SAID SECTION 22 FOR A DISTANCE OF 660.31 FEET TO A POINT ON THE EAST LINE OF THE WEST HALF OF THE SOUTH EAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00°44'46"W., ALONG SAID EAST LINE FOR A DISTANCE OF 100.01 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF IMMOKALEE ROAD, A PUBLIC RIGHT-OF-WAY OF VARYING WIDTH, THE SAME BEING A POINT 100.00 FEET NORTH OF AS MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 22, THE SAME BEING THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREIN DESCRIBED: THENCE RUN N.89°57131" W. ALONG THE NORTH RIGHT-OF-WAY LINE OF SAID IMMOKALEE ROAD PARALLEL TO THE SOUTH LINE OF SAID SECTION 22, FOR A DISTANCE OF 824.90 FEET TO A POINT ON THE WEST LINE OF THE EAST HALF OF THE EAST HALF OF THE EAST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22: THENCE RUN N.00°38'21" W. ALONG SAID WEST LINE, FOR A DISTANCE OF 43.75 FEET: THENCE RUN N.85°07'28"E. FOR A DISTANCE OF 826.89 FEET TO A POINT ON SAID EAST LINE: THENCE RUN S.00°44'46"E., ALONG SAID EAST LINE FOR A DISTANCE OF 114.63 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED. PARCEL 4: THE SOUTH 100 FEET OF THE THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH. RANGE 26 EAST, COLLIER COUNTY, FLORIDA. Page of �_.If 16 A 25 EXHIBIT A CONTAINING 21.83 ACRES MORE OR LESS Page of s_ 16 A 25 EXHIBIT B 4, N't.;f4P SAt kit LAN.4.-L A-MN SOg 21 MNIATO I Page of_2.