Loading...
Agenda 10/14/2014 Item # 16F2 10/14/2014 16.F.2. EXECUTIVE SUMMARY Recommendation that the Board of County Commissioners approve, and authorize the Chairman to sign an Assumption Agreement with 2050, LLC, replacing Training and Manufacturing Institute, Inc., consistent with the provisions of the (former) Fee Payment Assistance Program, which is Article II of Chapter 49 of the Collier County Code of Laws and Ordinances and authorize the continuing use of the Florida National Guard for job verification purposes, and authorizing the County Manager to rescind the Agreement if the contemplated purchase of the property by 2050, LLC does not occur in a timely fashion. OBJECTIVE: To assign an existing Fee Payment Assistance Agreement to the prospective purchaser of the property. CONSIDERATIONS: On February 7, 2006 the County entered into an agreement for Fee Payment Assistance with TMI for the construction of a new multi-tenant commercial facility at 2050 Commerce Avenue, at the Tradeport Technology Park in Immokalee, Florida. The owners of the property conceived the idea to construct a building offering tenant space to "businesses and agencies that could bring about a positive change and provide sustainable employment in Immokalee" and made an initial private construction investment of over $2.8 million, with an additional $185,000 invested in interior renovations and the installation of an Arms Vault for the Guard. The building received a Certificate of Occupancy in April of 2007. The TMI building is 94% occupied as of September 2014, with tenants including Collier Child Care Resources, Seminole Casino — Receiving and Special Events, The Salvation Army and the Florida National Guard. The requirement for the Fee Payment Assistance Program in Immokalee, where the project is located, is to provide 5 jobs at 50% of the average wage. The 2006 average wage was $32,734; therefore, the 50% requirement equals $16,367. The Guard has been used in full or in part to meet the job verification requirements in past years, since their location at the TMI building. Guard currently has 5 full-time Guardsmen located in Immokalee, with an average wage of$45,427, which is significantly greater than the required average wage. The subject Guardsmen were hired/enlisted after the Board's approval for Program participation. The Guard's current lease runs through September of 2017 with an option to extend for 3 years. Additionally, the Guard is leasing space at the Immokalee Airport for a future Readiness Center (subject to appropriation). Due to the personal circumstances of the TMI partners, the building is being sold. The prospective purchaser, 2050, LLC, has agreed to assume the Fee Payment Assistance Agreement and adhere to the ongoing monitoring requirements. The term of the Agreement is 15 years from the date of the Agreement, which was executed on February 7, 2006. Therefore, 7 years remain of the Agreement term. As part of item, staff is recommending that the Board authorize the continued use of the Guard for job verification purposes, as the Guard is an anchor tenant with a lease/lease extension that will continue for nearly the full duration of the Agreement. This authorization gives the prospective purchaser surety in the annual job verification process being assumed. However.. should the Guard no longer maintain tenancy during the remaining Agreement term, the obligation to find qualified jobs for annual verification purposes is the responsibility of 2050, LLC. Packet Page -1381- 10/14/2014 16.F.2. FISCAL IMPACT: There is no fiscal impact related to the approval of the Assumption Agreement. The original amount of impact fees paid on behalf of TMI totals $185,684.40. The company has been in compliance with the Agreement for 8 years, with a calculated credit of$99,031.68, based on the 15 year term. Therefore, the remaining impact fee obligation totals $86,652.72. Job Verification will continue through the original fee payment assistance terms of fifteen years with seven years remaining. The Fee Payment Agreement is secured with a lien on the subject property for the amount of the remaining impact fee obligation. GROWTH MANAGEMENT IMPACT: This request is consistent with Objective 3 of the Economic Element of the Collier County Growth Management Plan which states: "Collier County will support programs which are designed to promote and encourage the recruitment of new industry as well as the expansion and retention of existing industries in order to diversify the County's economic base." LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality, and requires majority vote for approval. -JAK RECOMMENDATION: Recommendation that the Board of County Commissioners approve, and authorize the Chairman to sign an Assumption Agreement with 2050, LLC, replacing Training and Manufacturing Institute, Inc., consistent with the provisions of the (former) Fee Payment Assistance Program, which is Article II of Chapter 49 of the Collier County Code of Laws and Ordinances and authorize the continuing use of the Florida National Guard for job verification purposes, and authorizing the County Manager to rescind the Agreement if the contemplated purchase of the property by 2050, LLC does not occur in a timely fashion. Prepared by: Amy Patterson, Impact Fee Manager, Office of Management and Budget Attachments: 1) Proposed Assumption Agreement 2) Original Agreement Packet Page -1382- 10/14/2014 16.F.2. COLLIER COUNTY Board of County Commissioners Item Number: 16.16.F.16.F.2. Item Summary: Recommendation to approve, and authorize the Chairman to sign an Assumption Agreement with 2050, LLC, replacing Training and Manufacturing Institute, Inc., consistent with the provisions of the (former) Fee Payment Assistance Program, which is Article II of Chapter 49 of the Collier County Code of Laws and Ordinances and authorize the continuing use of the Florida National Guard for job verification purposes, and authorizing the County Manager to rescind the Agreement if the contemplated purchase of the property by 2050, LLC does not occur in a timely fashion. Meeting Date: 10/14/2014 Prepared By Name: PattersonAmy Title: Manager-Impact Fees&EDC,Business Management&Budget Office 9/30/2014 10:02:13 AM Approved By Name: KlatzkowJeff Title: County Attorney, Date: 10/6/2014 8:21:43 AM Name: IsacksonMark Title: Director-Corp Financial and Mngmt Svs, Office of Management&Budget Date: 10/6/2014 10:01:05 AM Name: OchsLeo Title: County Manager, County Managers Office Date: 10/6/2014 4:36:37 PM Packet Page -1383- 3783748 OR: 10/14/2014A16 F.2. RECORDED in OFFICIAL RECORDS of COLLIER COUNTY, FL 02/10/2006 at 01:31PK DUIGHT E. BROCK, CLERK REC FEE 61.00 Prepared by: COPIES 7.00 Retn: Jeffrey A.Klatzkow CDES IMPACT FEES Ass'L Collier County Att'y. INTER OFFICE 3301 Tamiami Trail East Naples,FL 341I2 AGREEMENT FOR FEE PAYMENT ASSISTANCE PROGRAM tin This Agreement for Fee Payment Assistance for the payment of Impact Fees is entered into this of day of YV ►' ,2006 by and between Collier County, a political subdivision of the State of Florida,through its Board of County ommissioners, hereinafter referred to as "COUNTY," and Training and Manufacturing Institute, Inc,hereinafter referred to as "BUSINESS OVvNEI, c.a�le.i lyislated as the"Parties." r ? RECITALS: t WHEREAS, Collier County Oxdiltaiice No,,._2003-6J the C lh1°\County Fee Payment Assistance / / 1 � Ordinance, as it may be further amended from At-to—time, codified as`,Section 49 of the Code of Laws and Ordinances of Collier County Florida,perernatter collecttvell} referr d as 1"Fee\Payment Assistance Ordinance," provides for Fee Pa ( I p Payment Assistant e-for»paxmept,of impact e to qualify ng businesses; and WHEREAS, the BUSINE$S"OWNER has applied fot'Fee I1'ayrtaentt`Assistance as allowed by the Fee Payment Assistance Ordinance, and a o y,of said application is ttn,flejn-the,4mpact Fee Administration office of , N the Financial Administration and Housing Department;and 'f,eF WHEREAS, the County Manager, or`his eirgnee thas viewed the BUSINESS OWNER'S application and has found that it complies with the requirements for fee assistance as outlined and set forth in the Fee Payment Assistance Ordinance;and WHEREAS, a Fee Payment Assistance Agreement must be presented in order for the requisite impact fees to be paid by the allocated funds of the Fee Payment Assistance Program, subject to satisfaction of all criteria in the Fee Payment Assistance Ordinance qualifying the project as eligible for fee payment assistance;and WHEREAS, pursuant to Section 74-202 of the Impact Fee Ordinance,as codified in the County's Code of Laws and Ordinances (Code of Laws), the County Manager is authorized to execute certain Impact Fee Payment Assistance agreements; and WHEREAS, the Impact Fee Ordinance requires that the BUSINESS OWNER enter into an Agreement with the COUNTY, and WHEREAS, by signing this Agreement,the County Manager will approve impact fees payment assistance for the BUSINESS OWNER in support of financial relief for eligible industry development,high wage employment Page 1 Packet Page -1384- OR. ,,,A.AAA wn A4 AA • • 10/14/2014 16.F.2. opportunities, lessening the seasonal economic cycle, and encouraging investment opportunities in the specified areas. NOW, THEREFORE, in consideration of the foregoing Recitals, and other good and valuable consideration,the receipt and sufficiency of which is hereby mutually acknowledged,the Parties covenant and agree as follows: RECITALS INCORPORATED. The foregoing Recitals are true and correct and are incorporated by reference herein. LEGAL DESCRIPTION,ADDRESS AND OWNERSHIP. The name of the BUSINESS OWNER(S),the address of the subject property, hereafter the Property, and the legal description of same is attached as Exhibit "A", and is incorporated by reference herein. PAYMENT OF IMPACT FEES. As a prerequisite to the issuance of the Building Permit(s) for the Development of the Property, a certified copy of this recorded Agreement must be presented to the COUNTY in order for the allocated Fee Payment Assistance funds to act,a8 p t f'Oriactfees, which would otherwise be required to be paid by the BUSINESS OWNER under cod�e"-'+ flaws Section 74=202/.pr TERM. The term of this Agreement is fifteen(-14).-ears from the date of th recording of this Agreement and at the conclusion of the term of the Agreement tyre relyn,the� ecti''roperty will be released,provided all terms and conditions of the Agreement are satisfied'. r\V 1� S`},� "! `s 4 REPRESENTATION AND WARRANOESe,B�Q$I tE$S WNE Z represents and warrants the following: � . �;1 ,z- { ,( The BUSINESS OWNER is ominer of record or the'au ittnriz d gent for the BUSINESS OWNER of the project, and pursuant to the Im �e.Qrdinance_oaves impact fees in the total amount of$185,684.40 as set forth in attached Exhibit`B", MC'otorated 6,y rel^er rice;and The BUSINESS OWNER has filed a program application which has been accepted by the COUNTY as sufficient;and The type of business proposed is classified under North American Industrial Classification System (NAICS)Code 6244;and A minimum of five new jobs will be created and retained as a result of the project; and The newly created jobs pay an average wage equal to or greater than 50%of the County's current private- sector average wage;and The estimated total capital investment related to the project is$2,800,000.00;and The date(month and year)when the project will be substantially complete is December of 2007;and In return for the COUNTY paying 100% of the impact fees owed by BUSINESS OWNER by use of specified Program funds, the BUSINESS OWNER further covenants and agrees to comply with the provisions of this Agreement and the Fee Payment Assistance Program detailed in the Fee Payment Page 2 Packet Page -1385- OR; 3 10/14/2014 16.F.2. Assistance Ordinance, during the term of this Agreement. Any change in the status of the occupancy,type of business conducted, or compliance with the requirements of the Program, set forth in the Fee Payment Assistance Ordinance and this Agreement, will be considered to be a breach of the Agreement and therefore in default and immediately due and payable, including any applicable interest, in accordance with the provisions set forth by Code of Laws Section 49-24 (b)(6)of the Fee Payment Assistance Program and this Agreement. SUBSEQUENT SALE OR TRANSFER. That the amount of the Impact Fees paid by the COUNTY under the Program will become due and payable and shall be immediately re-paid to the COUNTY by the BUSINESS OWNER if the property is sold or transferred without prior written approval from the COUNTY at any time after the first certificate of occupancy has been issued for the Property and prior to the 15-year term of the Agreement,and in the event the paid Impact Fee amounts must be re-paid in full to the COUNTY. Any outstanding (i.e., as yet not repaid) Impact Fee amounts previously paid under this Program that become due and payable must then be immediately repaid to the COUNTY and if not so repaid,the outstanding obligation will,reni va 1 '-`ii the,Property under the terms of the Agreement. LIEN. The payment of Impact,F' .y-the COUNTY via'the,ee Payment Assistance Program under this ti Agreement will constitute a.r(ie on the BUSINESS OWNER'SProperty, which lien may be foreclosed ,f ,r upon in the name of the BySINESS'OWNER in..the evi t of non-compliance with the requirements of this Agreement. The amount pecj this grteertt 7 ill-cori inue''sto serve as a lien against the Property and neither the obligation for repayment o due hirtpa ees;=.nor the Agreement itself may be transferred, assigned, credited, or other*ie tonveyed-try-the'BLI$INEss-tftWNkRi from the Property without prior I written approval from the QTY. / '} SUBORDINATE. The County's interest may be subordinated`torall first mortgages or other co-equal security interests, and will autoinaticall -subardin �to ate� 'the BUSINESS' previously recorded first mortgage and/or any government funded-aff'Qr8abie.bty ness loan, such as the U.S. Small Business Administration(SBA)or the U.S. Department of Agriculture(USDA)loan. RELEASE OF LIEN. Upon satisfactory completion of all requirements of the Agreement, the COUNTY may record any necessary documentation evidencing same, including, but not limited to, a release of lien. The lien will not terminate except upon the recording of a release or satisfaction of lien in the public records of Collier County. Such release will only be recorded upon payment in full or satisfaction under the terms of this Agreement. REMEDIES. In the event the BUSINESS OWNER is in default under this Agreement, and the default is not cured within thirty (30) days after written notice is provided to the BUSINESS OWNER, the COUNTY may bring a civil action to enforce the Agreement or declare that COUNTY'S payment of the Impact Fees not yet recouped and previously paid under this Program are thence immediately due and payable. The COUNTY will be entitled to recover all fees and costs, including attorney's fees and costs incurred by the COUNTY in enforcing the Agreement,plus interest at the then maximum statutory rate for final judgments,calculated on a calendar day basis until paid. Page 3 Packet Page -1386- ORS 3nn� „n. n1nr 10/14/2014 16.F.2. RECORDING. This Agreement will be recorded in the Official Records of Collier County at no cost to the County. IN WITNESS WHEREOF,the Parties have executed this Agreement on the date and year first above written. WITNESS: OWNER: Training and Manufacturing Institute,Inc. Signed Signed Son;ad acic e ckO-'r-Ff na ' �9 E . 8 v r c+ t c c Print Name / / Print Name: Wien E∎Burdick,President and `, _ ° ,r� Chief'Execittive Officer ! t� Y 4 tt 1` mS j ,y i 1:I l \ ': 4! @@ 1 STATE OF FLORIDA) COUNTY OF COLLIER) oboe The foregoing Agreement was acknowledged before me this a day of !1, ,2006,by (4 t./edt C. /u r c r c.< . He/She/They is/are personal, known to or have produced as proof of identity. [NOTARIAL SEAL] I % JONI E.BtLSON •ignature of Person Taking Acknowledgment ;. cow,*oo02e4113 y Expires V2520os Sa,ww.+u te0o$32-42S: From.Nosy Amt.,Inc Page 4 Packet Page -1387- OR AA ++ A n AA AP • 10/14/2014 16.F.2. COLLIER COUNTY,FLORIDA B ` JAMES V.MUDD,COUNTY MANAGER STATE OF FLORIDA) COUNTY OF COLLIER) it '" `^....' \ The foregoing Agreement wastaacnpzvledged before me this r're—"daffy of \y rti.&�r- $006,by James V.\\/ " Mudd,County Manager,on behalf df the'COUNTY.=.l3e'Is personally knowrito me. i it77—\\J(Th 1) )\ NC:11/ \ \. v f %C - [NOTARIAL SEAL] 1?' , Signature of Person„T..'''king Ackn wledgment It `\ / / "",.t \ / / ('> FLORIS E.ROGERS `--, � .. _ t_` .:,\s'' 44 j MY COMMISSION#DD427962 '''''"--4-1-1 ` C-'''''„'''.-.r' '),IromotT EXPIRES:May 10,2009 I400.470TARY Fl.Natary Duonnt Asoc CO. App s ved • to farm and Recommend Approval; leg. .uff "ncd • 0 ._!4 cc-. 1-3 Jeffre!• . tzkow Denton Baker,Director Assis t C 1 , ty Attorney Operations Support and Housing Department Page 5 Packet Page -1388- OR: 3 10/14/2014 16.F.2. EXHIBIT "A" LEGAL DESCRIPTION OWNERSHIP ADDRESS Training and Manufacturing Institute, Inc. 2050 Commerce Avenue, Immokalee Florida 34142 Lot 7, IMMOKALEE AGRICOM PARK PHASE ONE, in accordance with and subject to the plat thereof, as recorded in Plat Book 17, Pages 55 through 57, inclusive, of the Public Records of Collier County, Florida. F ll, / A;\ \ Page 6 Packet Page -1389- *** A• AA J 4 OR. 3,.....• ..... o At • 10/14/2014 16.F.2. EXHIBIT "B" IMPACT FEE-BREAKDOWN z."-uc,,,,1,,..-,\2`L---:-. / (./..., \\,,,,, \ i i .., ------\ \ \ \ / / Type of Impact Fee i i/ r'NJ( \,1\-\1) Amootint\Ovt;led i ('..t 1 1 A. EMS Impact Fee I,r---,t,\., ,..,,,/.2\.,_,..„,..:_,, . t? $,, ,25.0-..00 Vr- \ .,........ 1 B. Correctional Facilities;Jrnpact Fee -i- $I i WOO C. Road Impact Fee $1,6`8-000.00 ----‹ ''.'S:S/ --.........,...,---- „---, D. General Government Builaingliipiact(FicL. II' 13,973.70 E. Law Enforcement Impact Fee $ 1,592.70 TOTAL IMPACT FEES $ 185,684.40 Page 7 Packet Page -1390- 10/14/2014 16.F.2. ASSUMPTION AGREEMENT This ASSUMPTION AGREEMENT is made and entered into as of 2014, by and between 2050, LLC, a Florida Limited Liability Company, and Collier County, a political subdivision of the State of Florida (`County"), collectively stated as the "Parties." WHEREAS, on February 7, 2006, the County entered into Agreement for Fee Payment Assistance Program with Training and Manufacturing Institute, Inc., attached hereto as Exhibit A, and hereinafter referred to as "Agreement"; and WHEREAS, 2050, LLC hereby represents to the County that it is the successor in interest to Training and Manufacturing Institute, Inc., in relation to the Agreement; and WHEREAS, 2050, LLC represents to the County that it is eligible to remain in the Fee Payment Assistance Program (Immokalee) pursuant to criteria set forth in Ordinance No. 2003- 61, as amended, which required the creation of a minimum of 5 new full-time jobs at an average wage of at least 50% of Collier County's then current private sector average wage ($16,367); and WHEREAS, the parties wish to formalize 2050, LLC's assumption of rights and obligations under the Agreement effective as of the later of the date of closing on the subject property by 2050, LLC on or about November 12, 2014. NOW THEREFORE, IN CONSIDERATION of the mutual promises in this Assumption Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged by the parties, it is agreed as follows: 1. The foregoing Recitals are true and correct and are incorporated by reference herein. 2. Except as provided herein, 2050, LLC accepts and assumes all rights, duties, benefits, and obligations the under the A`,r?ement, including but not limiter' to the lien recorded on February 10. 2006, in the Official Records of Collier County, FL at OR Book: 3981 Page: 0102 and including all existing and future obligations to pay and perform under the Agreement. 3. Except as expressly stated, no further supplements to, or modifications of, the Agreement are contemplated by the Parties. 4. The County hereby consents to 2050. LLC's assumption of the Agreement. No waivers of performance or extensions of time to perform are granted or authorized. Except as provided herein. all other terms and conditions of the Agreement remain in full force and effect. IN WITNESS WHEREOF, the undersigned have executed and delivered this Assumption Agreement effective as the later of the date of closing on the subject property by 2050, LLC can or about or November 1 i 7'014. Packet Page -1391- 10/14/2014 16.F.2. COLLIER COUNTY: ATTEST: BOARD OF COUNTY COMMISSIONERS DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA By: By: , Deputy Clerk TOM HENNING, CHAIRMAN 2050, LLC By: X.-camel." ifeLgrireri 0-; GI 1 • Pri1. 1 (11P1 Title—14fru'1;142_ Date: STATE OF COUNTY OF 2rd The foreizoinc.i instrument was acknowl;dged before me this ,/ day of()C-11-0b0.—, 2014, by ti d „1„--61.77as and on behalf of for 2050, LLC, a Flork-gliimited Liability Company. Such personL-lis personally known to me or has produced FiLOL as identification and Cirtc(did not take an oath. 5g2. NOTARY PUBLIC Victoria B. Taylor (STAMP OR SEAL) NOT,kRY 426.172-0 PUBLIC * No 14-242 • 6>:•••• ' ''' • Or • /0/2)//(1 D . Date: Pages D so'a\p„ B. ikpprovc.'.d as to form and legality: Notary Name: Victoria B.Taylor First Circuit ''''" .0 NOTARY Jeffrey A. Klatzkow, County Anorney Doc, Description 4 PUBLIC 341`.17/1/2-717 * * Nn. ,41-:(..7 re N16-242 / ; e7/ Not4.-try Stgnature ‘‘' ' Victoria B. Taylor Packet Page -1392-