Agenda 01/10/2012 Item #13B11/10/2012 Item 13. B.1.
EXECUTIVE SUMMARY
Recommendation to approve and authorize the Community Redevelopment Agency Chairman to
sign a Grant Agreement and associated forms between Fifth Third Bank Enterprise Investment
Fund and the Bayshore Gateway Triangle Community Redevelopment Agency (CRA) to accept a
grant award in the amount of $25,000; and authorize a budget amendment for grant revenues in
the amount of $25,000 to be applied towards the CRA FY -2012 TIF grant program.
OBJECTIVE: Recommendation to approve and authorize the Community Redevelopment Agency
Chairman to sign a Grant Agreement and associated forms between Fifth Third Bank Enterprise
Investment Fund and the Bayshore Gateway Triangle Community Redevelopment Agency (CRA) to
accept a grant award in the amount of $25,000; and authorize a budget amendment for grant revenues
in the amount of $25,000 to be applied towards the CRA FY -2012 TIF grant program in CRA Grant
Fund (717).
CONSIDERATIONS: On November 8, 2011, Item 16B2, the CRA Board approved the submission
of a grant application by the Bayshore /Gateway Triangle CRA to Fifth Third Bank. Staff worked with
the bank representatives in an on -going discussion to meet the needs of both the bank and the CRA
prior to submitting the grant proposal and the application was mailed via USPS overnight on October
11, 2011. Fifth Third Bank representatives found the CRA's programs meet the intent of their
Community Reinvestment Act Enterprise Investment Fund Grant requirements and awarded the CRA a
grant in the amount of $25,000 to be applied towards the CRA's FY -2012 grant applications (Site
Improvement Grant, Sweat Equity Grant and Landscape Improvement Grant).
The funds shall be expensed during the CRA's FY -2012 budget cycle in accordance with the terms of
the Agreement. All supporting documents are attached hereto and labeled Exhibit "A ".
FISCAL IMPACT: Receipt of the grant in the amount $25,000 along with an appropriate
expenditure budget in the same amount shall be budgeted via budget amendment in CRA Grant Fund
(717). There is no required grant match, other than in -kind services of program management.
GROWTH MANAGEMENT IMPACT: None.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is legally
sufficient, and requires majority vote for approval. -STW
RECOMMENDATION: Recommendation to approve and authorize the Community Redevelopment
Agency Chairman to sign a Grant Agreement and associated forms between Fifth Third Bank
Enterprise Investment Fund and the Bayshore Gateway Triangle Community Redevelopment Agency
(CRA) to accept a grant award in the amount of $25,000; and authorize a budget amendment for grant
revenues in the amount of $25,000 to be applied towards the CRA FY -2012 TIF grant program in
CRA Grant Fund (717).
PREPARED BY: Jean Jourdan, Project Manager
Bayshore Gateway Triangle Community Redevelopment Agency
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1/10/2012 Item 13.B.1.
COLLIER COUNTY
Board of County Commissioners
Item Number: 13.13.1.
Item Summary: Recommendation to approve and authorize the Community
Redevelopment Agency Chairman to sign a Grant Agreement and associated forms between
Fifth Third Bank Enterprise Investment Fund and the Bayshore Gateway Triangle Community
Redevelopment Agency (CRA) to accept a grant award in the amount of $25,000; and recognize
a budget amendment for grant revenues in the amount of $25,000 to be applied towards the
CRA FY -2012 TIF grant program Fund (187).
Meeting Date: 1/10/2012
Prepared By
Name: jourdan_j
Title: Project Manager,
12/28/2011 4:31:12 PM
Submitted by
Title: Project Manager,
Name: jourdanj
12/28/20114:31:13 PM
Approved By
Name: JacksonDavid
Title: Executive Director, CRA,
Date: 12/28/20114:53:29 PM
Name: WilliamsSteven
Title: Assistant County Attorney,County Attorney
Date: 1/3/2012 11:40:44 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 1/4/2012 9:14:59 AM
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Name: FinnEd
Date: 1/4/2012 11:13:02 AM
Name: OchsLeo
Title: County Manager
Date: 1/4/2012 12:09:31 PM
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1/10/2012 Item 13. B.1.
Geocodin(
USA40 Stele Cade: 12
Tract mooree Level
1/10/2012 Item 13. B.1.
County Code: 021 i Trod Code: 0107.01
Moderate TIton { 4807
FIFTH THIRD BANK
CRA ENTERPRISE INVESTMENT FUND
GRANT AGREEMENT
This Grant Agreement (this AgreemeW) is made this 29 day of November, 2011, by
and between the Fitch Third Bank (the 'Grantor) and Bayshore Gateway Triangle Community
Redevelopment Agency ( "Grantee').
WHEREAS, Fifth Third Bank Enterprise Investment Fund has awarded a grant to
Grantee in the amount of $25,000.00 pursuant to Grantee's Grant Application dated October 10.
2011. As outlined in the Grant Application, the purpose of the grant is Bayshore Gateway
Triangle TiF Grant Program.
NOW THEREFORE, the parties agree as follows:
t. Use of Grant Funds
A. Grant PuMoses. Grantee shall use all grant funds only for the purposes
described in the Grant Application and incorporated and made a part of this Agreement. of the
Grantee must obtain written approval Further�Grantee agrees prior
o expend the gr�al'It funds in
grant funds for any other purpose.
accordance with the budget submitted with the Grant Application.
B. QMM Period. The Grant Period shall be for a term of one year(s). Grantee shall
complete the purposes of the grant by the end of the Grant Period. In the event that the grant
purposes are not complete by the end of the Grant Period, Grantee should Inform Fifth Third
Bank in writing and request that the Grantor approve an extension in the Grant Period.
C. Prohibited Uses. No portion of the grant funds shall be used to carry on
propaganda or otherwise attempt to influence legisiation, to influence the outcome of any public
election, to carry on a voter registration drive, to make a grant that does not comply with Section
4945(d)(3) or (4) of the Internal Revenue Code (the 'Code') regarding grants to individuals for
travel, study or similar purposes or grants requiring expenditure responsibility, or to finance any
activity for any purpose other than community development purposes.
II. Reporting and Record Keeping Requirements
A. gwI Keeaina. Grantee shall maintain financial and other records that
adequately show the use of the grant funds exclusively for the purposes of the grant. Grantee
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1/10/2012 Item 13.B.1.
shall maintain such records for at least two (2) years after the end of the Grant Period. The
Grantor shall have the right, upon reasonable notice, to audit at any time up to two (2) years
after the end of the Grant Period, Grantee's records relating to the expenditure or grant funds.
B. Written Resorts. The Grantor requires written reports concerning the manner in
which the grant funds were expended and the progress made in accomplishing the grant's
purposes. Grantee shall promptly provide such reports to the Grantor on an annual basis during
the Grant Period, with the first report due within one year from the date of the first grant
payment In addition, Grantee shall provide a final report to the Grantor within sixty (60) days
after the end of the Grant Period concerning the accomplishment of the grant purposes and a
final financial report detailing the expenditure of all grant funds. All reports required to be
submitted by Grantee under this paragraph shall be in a format as provided by the Grantor.
C. Notice ReauiremeMs. Grantee shall notify the Grantor immediately if there is a
change in Grantee's tax - exempt status or if the proposed project is cancelled or delayed.
Grantee will advise the Grantor immediately of any significant change in Grantee's governance,
programs or services that may impact the grant project or any changes in any professional or
key personnel identified in the Grant Application.
Ill. Return of Grant Funds to the Grantor
A. End of Grant Peri od. Recipient shall return all grant funds that have not been
expended for the grant's purposes within sixty (60) days after the end of the Grant Period,
B. Failure to Comply with this Agreement. If Grantee fails to comply with the terms
of this Agreement or if Grantee's tax - exempt status is revoked by the Internal Revenue Service,
Grantee shall return all unexpended grant funds to the Grantor. In addition, the Grantor may
require the reimbursement of any grant funds the Grantor reasonably determines were
expended for purposes other than the grant purposes outlined in this Agreement. Upon
receiving written notice that funds are to be reimbursed to the Grantor under this paragraph,
Grantee shall immediately transfer such funds to the Grantor.
IV. Miscellaneous
A. Public Charity Status. Grantee assures the Grantor that it is a 501 (c) (3)
organization and its exemption determination letter from the Internal Revenue Service is still
valid and has not been revoked.
B. Acknowledgments. Graces approved by the Grantor will be announced by the
Grantor through various communication vehicles. Grantee is encouraged to make public
announcements on its own. Grantee agrees that it will suitably recognize the contribution of the
Grantor in any public communications or other materials produced regarding the grant and that
it will provide the Grantor with a copy of any such materials.
Specifically, the Grantee shall provide oral or written acknowledgments substantially in the
following forms-
* Press releases, publications and other public communications shall include the
following statement: "This Baystwre Gateway Triangle TIF Grant Program
was ffnanciaNy assisted by FM Third Bank"
• Films and audio and video recordings shall include the following statement;
"This Baystwre Gateway Triangle TIF Grant Program was made poWbie in
part by a grant iiom the FiM Third Bank."
2
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1/10/2012 Item 13. B.1.
C. DWdai Grantee shs+M Include the following disclaimer in all publications,
films, and audio and video recardinge or announce such disclaimer at any public prW=
Tended by grant funds: "Tina vicars urpresm d heroin do not necsssay npteaent those of
RL T kd Bank .#'
D. A-mwi a This Agreement may not be modified or amended except by a
written instrument signed by both parties to this Agreement.
E. Entire UndeadandkM This Agreement and its Exhibits contain the entire
understanding with reaped to the subjecf matter of this Agreement and supersede all
agreements or understandings, wrMen or oral, prior to the execution of this Agreement.
F.' Paraaraoh Headings. The paragraph headings contained in this Agreement are
included solely for the convenience of reference of the parties and shall not in any way affect
the meaning or Interpretation of any of the provisions of this Agreement
G. Countergaft This Agreement may be executed in several counterparts, with
each counterpart deemed to be an original document and with all counterparts deemed to be
one and the same Instru rient
H. Solicitation WeAlOw Period Grantee understands that it is the policy of Frith Third
Bank to request #0 grant recipients wait at least 2 years prior to making add tkmal funding
solicitations.
1. Execution of Acs Grantee agrees to execute and return this agreement
to Fifth Third Bank, Community Affairs, 38 Fountain Square Plaza, MD 10AT92, Cincinnati, OH
45263. within 30 days of the Agreement date stated on page 1.
IN WITNESS WHEREOF, Fifth Third Bank and Grantee have caused this Agreement to
be executed, effective as of the day and year first written above.
Fifth Third flank
Bayshore Gateway Triangle Community
Redevelopment Agency
By: W-
Printed Jadka Hoptry PrWAed a i M U O V e. ir V Qk
Name: Name:
Title: CRA Manager Title: Q t r m a IN
Dabs: Decernber , 2011 Data:
3
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ATTEST:
DWIGHT E. BROCK, Clerk
, Deputy Clerk
Approved as to form and
legal sufficiency:
Saturn T w:IUAms
Assistant County Attorney
1/10/2012 Item 13. B.1.
COLLIER COUNTY CONDAL NITY
REDEVELOPMENT AGENCY
Un
Jim Coletta, Chairman
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1/10/2012 Item 13. B.1.
IEXHIBIT-_"/�
FIFTH THIRD E3ALMK
December 27, 2011
David Jackson
Executive Director
Bayshore Gateway Triangle CRA
4069 Bayshore Drive
Naples, FL 34116
Dear Mr. David Jackson:
I am pleased to inform you that Fifth Third Bank has approved Bayshore Gateway
Triangle CRA to receive a grant from the CRA Enterprise Investment Fund in the amount
of $25,000.00 for TIF Grant Program
Enclosed you will find a Grant Agreement and W -9 Form, which must be reviewed,
signed and returned to us before issuance of the check. Once we receive the signed
form, you will be contacted regarding arrangements for the delivery and /or presentation
of the check. Please sign and return both copies of the agreement. We will provide a
copy of the agreement for your records once it has been signed by the Fifth Third Bank
Officials.
We wish you much success with this project. Please publicize this gift and Fifth Third
Bank's CRA Enterprise Investment Fund as the grantor. Please review the Grant
Agreement for specific information regarding marketing and publicity of these funds.
If you have any questions, please feel free to contact me at 239 - 449 -7083.
Sincerely,
Jadira Hoptry
Vice President
Community Affairs I Fifth Third Bank
Jadira.HoptM@53.com
Cc: Community Affairs
Enclosure: Grant Agreement (2)
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1/ 10/2012 Item 13.B.1.
��`0A/or 4t�'2
EXECUTIVE SUMMARY
Recommendation to provide after the fact approval for the submittal of an Enterprise Investment ,mss
Fund grant application to Fifth Third Bank for $25,000 in additional funding toward the CRA
FY -2012 TIF Grant program.
OBJECTIVE: To receive after- the -fact approval from the Board of County Commissioners to submit
a Community Reinvestment Act Enterprise Investment Fund grant application to Fifth Third Bank for
$25,000 in additional funding toward the CRA FY -2012 TIF Grant program.
CONSIDERATIONS: The Bayshore Gateway Triangle CRA was informed by Fifth Third Bank
representatives of a Fifth Third Bank Community Reinvestment Act Enterprise Investment Fund
Grant. Staff worked with the bank representatives in an on -going discussion'to meet the needs of both
the bank and the CRA prior to submitting a grant proposal. Staff was not able to complete the
application in a satisfactory manner and obtain County Manager and/or BCC approval for submittal
prior to the deadline for grant submission. The application was due October 14, 2011, and was mailed
via USPS overnight on October 11, 2011.
During discussions with Fifth Third Bank representatives, CRA staff explained the TIF Grant program
that is in place, and Fifth Third Bank representatives found the program to meet their community
involvement interests. The grant (application attached as Exhibit A,) would be applied towards FY-
2012 residential grant applications (Site Improvement Grant, Sweat Equity Grant and Landscape
Improvement Grant). The bank's grant program offers up to $25,000 in funds, as requested in the
attached application.
Review of applications and awarding of funding is expected within the few months following
application. Funds will be expensed during the CRA's FY -2012 budget cycle. Should the grant funds
be awarded to the CRA, the grant agreement will return to the CRA Board for approval.
Collier County CMA #5330 authorizes the County Manager to approval the submittal of grant
applications with subsequent Board of County Commissioners action at the next available Board
meeting to ratify the approval as "after -the- fact." Please note that the County Manager did not receive
the grant application prior to submittal to the granting agency due to time restrictions.
FISCAL IMPACT: The maximum grant request permitted is $25,000. The total FY -2012 TIF Grant
budget is $220,000, for a total of $245,000 after grant award is added. There is no required grant
match, other than in -kind services of program management.
GROWTH MANAGEMENT IMPACT: None.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is legally
sufficient, and requires majority vote for approval. -JAK
RECOMMENDATION: To provide after the fact approval of a Community Reinvestment Act
Enterprise Investment Fund grant application to Fifth Third Bank for $25,000 in additional funding to
be applied towards the CRA FY -2012 TIF Grant program.
PREPARED BY: Ashley Caserta, Grants Coordinator
Bayshore Gateway Triangle Community Redevelopment Agency
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