Agenda 03/27/2012 Item #16A17U27/2012 Rem 16.A.17.
CUTIVE SUR+IlI�IAIY
Recommendation to approve two Releases of Lien, for the Saxon Manor isles Apartments
Limited Partnership and the Saxon Manor Isles Apartments 11 Limited Partnership, due
to the impact ferns being ,paid in full in accordance with the Mull- family Rental.Impact Fee
Deferral Program, as set forth by Section 74- 401(e) and 74401(g) (5) of the Collier County
Code of Laws and Ordinances.
OBJEC <; : That the Board of County ° Commissioners (Board) approves and authorizes the
Chairman_ to sign two Releases of Lien, for the Saxon Manor Isles Apartments Limited
Partnership and the Saxon Manor Isles Apartments II Limited Partnership, due to the impact,fees
being paid in full in accordance with the Multi- family Rental Impact Fee Deferral Program, as
set forth by Section 74- 401(e) and 74- 401(g) (5) of the Collier County Code of Laws and
Ordinances (Code).
C�SIUE TIONS: The Multi family Rental Impact Fee Deferral Program was originally
adopted by the Board on December 12, 1992. The Program currently provides a deferral of
impact fees for a period of ten years for qualified affordable rental projects. This timeframe has
previously been extended from a six year term to six years and nine months to the curreirt term of
ten years. The program is limited to very low or low income households. The . unit must be the
household's permanent residence and the head of household must be a legal resident or citizen of
the United- States. Rental limits may not exceed the rental limits established by Florida Housing
Finance Corporation. The program is limited to 225 units per year including any qualifying
Community Workforce Housing innovation Pilot Program (CWHIP) units.
On August 6, 1995 a Deferral Agreement, in the amount of $295,276.24 was executed between
Collier County (County) and Saxon Manor Isles Apartments Limited Partnership (Owner) for
Phase I of the Saxon Manor Isles Apartments. The deferral agreement stood in lieu of the impact
fees otherwise due for the subject construction of 62 affordable rental dwelling units. The
deferral was secured with a United States Treasury Bill. A corresponding lien was also placed`
on the property in the amount of the deferral.
Additionally, on March 17, 1998, a Deferral Agreement, in the amount of $592,660.48 was
executed between Collier County (County) and Saxon Manor Isles Apartments II Limited
Partnership (Owner) for Phase II of the Saxon Manor Isles Apartments. The deferral agreement
stood in lieu of the impact fees otherwise due for the subject construction of 124 affordable
rental dwelling units. The deferral was secured with a United States Treasury Bill. A
corresponding lien was also placed on the property in the amount of the deferral agreement.
On February 18, 2002 and August 116, 2004, respectively, the deferred impact -fees were paid in
full, which has been confirmed with the Collier County Clerk of the Circuit Court Finance
Department: It is unknown why Releases of Lien were not prepared and approved at the
conclusion of the deferral period; however, upon receiving an inquiry related to the subject
deferral agreements, staff and the County Attorney prepared Releases of Lien for approval by the
Board and signature by the Chairman in accordance with Section 74- 401(g) (5) of the Code. The
Packet Page -793-
3/27/2012 Item 16.A.17.
RECOMMENDATION: That the Board of County Commissioners approves and authorizes
the Chairman to sign two Releases of Lien, for the Saxon Manor Isles Apartments Limited
Partnership and the Saxon Manor Isles Apartments II Limited Partnership, due to the impact fees
being paid in full in accordance with the Multi - family Rental Impact Fee Deferral Program, as
set forth by Section 74- 401(e) and 74- 401(g) (5) of the Collier County Code of Laws and
Ordinances (Code).
Prepared by: Amy Patterson, Impact Fee and Economic Development Manager
Growth Management Division — Planning and Regulation
Attachments:
1) Proposed Release of Lien — Saxon I
2) Proposed Release of Lien — Saxon II
3) Deferral Agreement — Saxon 1
4) Deferral Agreement — Saxon II
Packet Page -795-
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.17.
3/27/2012 Item 16.A.17.
Item Summary: Recommendation to approve two Releases of Lien, for the Saxon Manor
Isles Apartments Limited Partnership and the Saxon Manor Isles Apartments II Limited
Partnership, due to the impact fees being paid in full in accordance with the Multi- family
Rental Impact Fee Deferral Program, as set forth by Section 74- 401(e) and 74- 401(8) (5) of the
Collier County Code of Laws and Ordinances.
Meeting Date: 3/27/2012
Prepared By
Name: PattersonAmy
Title: Manager - Impact Fees & EDC,Business Management &
3/8/2012 2:37:16 PM
Approved By n
Name: PuigJudy
Title: Operations Analyst, GMD P &R
Date: 3/8/2012 3:10:20 PM
Name: MarcellaJeanne
Title: Executive Secretary,Transportation Planning
Date: 3/8/2012 3:17:03 PM
Name: FederNorman
Title: Administrator - Growth Management Div,Transportati
Date: 3/9/2012 11:38:42 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 3/14/2012 4:24:30 PM
Name: GrantKimberley
Title: Interim Director, HHVS
Date: 3/15/2012 10:33:01 AM
Name: UsherSusan - 11—N
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3/27/2012 Item 16.A.17.
n Title: Management/Budget Analyst, Senior,Office of Manage
Date: 3/19/2012 11:35:12 AM
Name: IsacksonMark
Title: Director -Corp Financial and Mgmt Svs,CMO
Date: 3/19/2012 11:57:29 AM
Packet Page -797-
This instrument prepared by:
Amy Patterson
Collier County Growth Management Division
2800 North Horseshoe Drive
Naples, Florida 34104
(239) 252 -5721
RELEASE OF LIEN
3/27/2012 Item 16.A.17
KNOWN ALL MEN BY THESE PRESENTS: that Collier County, whose post office address
is 3299 East Tamiami Trail, Naples, Florida, 34112, the owner(s) and holder(s) of a certain
Agreement for 100% Deferral of Collier County Impact Fees executed by Saxon Manor Isles
Apartments Limited Partnership on August 6, 1996, and recorded in Official Records Book
2214, Page 1840 of the Public Records of Collier County, Florida, hereby does release from
lien the real property described in Exhibit "A" (attached), owned by Saxon Manor Isles
Apartments Limited Partnership.
The undersigned is authorized to and does hereby release this lien as to the whole of the above -
described real property and consents to this lien being discharged of record.
Dated this day of , 2012.
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA
, Deputy Clerk
FRED W. COYLE, CHAIRMAN
Packet Page -798-
3/27/2012 Item 16.A.17.
EXHIBIT "A"
LEGAL DESCRIPTION
SAXON MANOR ISLES APARTMENTS PHASE I
A . POR rI OV OF TH« FAST 1/2 OF '1hE i AS I' 1/2 l .'F T} 1F. EAST 1/2 Of
TEE: NORTHEAST 1/4 OF SECTION 5, TOWNSHIP 50 SOU'IH, RANGE 26
EAST, COLLIER COUNTY, 1'LORICA, BEING MCRE PARTICULARLY
DESCR190 AS FO�LOwS:
COMMENCE AT THE NORTHEAST CORNER OF SECTION G.
TOWNSHIP SO SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA:
THENCE RUN S. 00'07'54" W., ALONG 1'HE EAST LINE OF THE
NORTHEAST QUARTER OF SAID SECTION 6, FOR A DISTANCE OF 59.41
FEET 'TO A POINT ON THE SOUTHERLY RIGHT —OF —WAY LINE OF RADIO
ROAD (C.R.,856). AND THE POINT OF BEGINNING OF Tw
PARCEL OF ' LAND HEREIN DESCRIBED; THENCE CONTINUE S.
00'07'54' W., ALONG THE EAST LINE Off THE NORTHEAST QUARTER
OF SAID SECTION 6, FOR A DISTANCE OF 1363.79 FEET; THENCE
RUN N. 89'52'06" W. FOR A DISTANCE OF 75.75 FEET; THENCE
RUN N. 00'0754" E., FOR A DISTANCE OF 59.24 FEET. THENCE
RUN N, 89'32'06" W., FOR A DISTANCE OF 180.57 FEET: THENCL
RUN S. 00`07'22" W., FOR A DISTANCE OF 76.24 FEET: THENCE
RUN S. 89'52'06" E., FOR A DISTANCE OF 234.32 FEET; THENCE
RUN S. 00'07'54" W.. FOR A DISTANCE OF 82.75 FEET; THENCE
RUN N. 8si'BZ'06" W„ POR A DISTANCE OF 35.35 FEET; THENCE
RUN S. 00'07'54" W.,. FOR A DISTANCE OF 55.00. FEET: THENCE
RUN N. 89'62'06" W., FOR A DISTANCE OF 203.00 FEET: T>iENcE
RUN N. 00'07'54" E.. FOR A DISTANCE OF 10.00 FEET: THENCE
RUN N. 69'52'06' W., FOR A DISTANCE OF 59.74 FEET TO A
POINT ON THE WEST LINE OF THE EAST 1/2 OF THE EAST 1/2 OF
THE EAST 1/2 OF THE NORTHEAST 1/4 OF SAID SECTION 5: THENCE
RUN N. 0007'22" E.. ALONG THE WEST LINE OF THE EAST 1 2
OF THE EAST 1/2 OF THE EAST 1/2 OF 7h1E NORTHEAST 1y OF SAID
SECTION 5, FOR A DISTANCE OF 1502.24 FEET TO A POINT ON THE
SOUTHERLY RIGHT —OF —WAY LINE OF RADIO ROAD. THE SAME BEING A
POINT ON A CIRCULAR CURVE, CONCAVE SOUTHERLY, WHOSE RADIUS
POINT BEARS S. 01135'59" E. A DISTANCE; OF 14892.73 FEET
THEREFROM; THENCE RUN EASTERLY, ALONG THE SOUTHERLY RIGHT —OF-
WAY LINE OF RADIO ROAD AND ALONG THE ARC. OF SAID CURVE TO
THE RIGHT. ' HAVING A RADIUS OF 14892.73 FEET, THROUGH A
CENTRAL ANGLE OF 01'16'16 ", SU8TENDED BY A CHORD OF 330.38
FEET AT A BEARING or N. 59'02'09" E.: FOR A DISTANCE OF
330.39 FEET TO THE. POINT OF grolf4blING, I
Page 10
Packet Page -799-
This instrument prepared by:
Amy Patterson
Collier County Growth Management Division
2800 North Horseshoe Drive
Naples, Florida 34104
(239) 252 -5721
RELEASE OF LIEN
3/27/2012 Item 16.A.17
KNOWN ALL MEN BY THESE PRESENTS: that Collier County, whose post office address
is 3299 East Tamiami Trail, Naples, Florida, 34112, the owner(s) and holder(s) of a certain
Agreement for 100% Deferral of Collier County Impact Fees, executed by Saxon Manor Isles
Apartments II Limited Partnership on March 17, 1998, and recorded in Official Records
Book 2400, Page 0040 of the Public Records of Collier County, Florida, hereby does release
from lien the real property described in Exhibit "A" (attached), owned by Saxon Manor Isles
Apartments Limited Partnership.
The undersigned is authorized to and does hereby release this lien as to the whole of the above -
described real property and consents to this lien being discharged of record.
Dated this day of
ATTEST:
DWIGHT E. BROCK, Clerk
2012.
BOARD OF COUNTY COMMISSIONERS
COLLIER COUNTY, FLORIDA
By: By:
Deputy Clerk
FRED W. COYLE, CHAIRMAN
Packet Page -800-
3/27/2012 Item 16.A.17.
EXHIBIT "A"
SAXON MANOR ISLES APARTMENTS II
PROPERTY DESCRIPTION
A PORTION OF THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF
rHE NORTHEAST 1/4 OF SECTION 6, TOWNSHIP 50 SOUTH, RANGE 26
EAST, COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
COMMENCE AT THE NORTHEAST CORNER OF SECTION 6. TOWNSHIP 50
SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN
S. 00'07'54' W., ALONG THE EAST UNE OF THE NORTHEAST
QUARTER OF SAID SECTION 6, FOR A DISTANCE OF 59.41 FEET TO A
POINT ON THE SOUTHERLY RIGHT -OF --WAY HNE OF RADIO ROAD (C.R.
856); THENCE CONTINUE S. 00'07'54 W., ALONG THE EAST LINE
OF THE NORTHEAST QUARTER OF SAID SECTION 6, FOR A DISTANCE
OF 1363.79 FEET TO THE POINT OF RFGINNING OF THE PARCEL OF
LAND HEREIN DESCRIBED; THENCE CONTINUE S.00ro7'54' W., ALONG
THE EAST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 6,
FOR A DISTANCE OF 1395.05 FEET TO THE EAST QUARTER CORNER
OF SAID SECTION 6; THENCE RUN S. 89'29'15" W.. ALONC THE SOUTIJ
LINE OF THE NORTHEAST QUARTER OF SAID SECTION 6, FOR A
DISTANCE 329.92 FEET TO THE SOUTHWEST CORNER OF THE EAST
HALF OF THE EAST HALF OF THE EAST HALF OF THE NORTHEAST
QUARTER OF SAID SECTION 6; THENCE RUN N_ 00'07'22' E., ALONG
THE WEST LINE OF THE EAST HALF OF THE EAST HALF OF THE EAST
HALF OF THE NORTHEAST QUARTER OF SAID SECTION 6, FOR A DISTANCE
OF 1254.00 FEET; THENCE RUN S 89'52'06" E FOR A DIST
69.74
FEET;
THENCE RUN
S.
ANCE OF
00'07'54" W. FOR A DISTANCE OF
10.00
FEET;
THENCE RUN
5.
89'52'06" E.
FOR
A DISTANCE OF
203.00 FEET;
THENCE RUN N.
00'07'54' E.
FOR A.DISTANCE OF
55.00
FEET;
THENCE RUN
S.
89'52'06' E.
FOR
A DISTANCE OF
35.35
FEET;
THENCE RUN
N.
00.07'54" E.
FOR
A DISTANCE OF "
82.78
FEET;
THENCE RUN
N.
89'52'06' W.
FOR
A DISTANCE OF
234.32
FEET;
THENCE RUN
N.
00'07'22" E. FOR A DISTANCE OF
76.24
FEET;
THENCE RUN
S.
89'52'06` E.
FOR
A DISTANCE OF
180.57
FEET;
THENCE RUN
S.
00'07'54" W.
FOR
A DISTANCE OF
59.24
FEET:
THENCE RUN
S.
89'52'06' E.
FOR
A DISTANCE OF
75.75
FEET TO THE PAIN[
OF
RFG NtgING
Packet Page -801-
Thi:, Ayr-evvi ant i or the Deferral of lmpar t. F'e'es entered
into tltis: . J. (Jay )t ! 1�`, l�r <rr,, by and between the Board
of COurlty c'„ruii :,:,iurrt`r:, 01 Cc,llIt-t Ck)urlt } , lourldi, helei;11atter
referred to as "COUNTY" and Saxon Manor lt.le_, Apartments,
Limited Partners hip heresinatter referred to a:; 1106vNER".
WHEREAS, Collier County Ordinank-•e� No. 88 -91, as amended,
the Collier County Library System lr,,pa t Fee Ordinance; Collier
County Ordinance fdo. a-, iment,led, thE` Collier County
Parks and 12ec seat ior�1�i�t;9�lrjtct Fee Ordinance; Collier
County Ordinance llcy` -7 1 , ►:, .imen��cibbc i it, Col 1 ier County
Emergency Medical/ .Lq" e. v Mpac: FE e Ordinance; Collier
County Ordinance( 11 '. a `r l e`l he Col 1 ier County Road
impact FETE' Urdine ; c' 1 r c (, my dtltrce� No. �,U -8� asp
amend, -d, t he C'v l i jrq�v c'Ount y W It t r i t r/ )a'.•t c:rr 1 111d11Ce ;
Collier County Orcl' rr t.• 1Jo. �iU 4, :n ended, the .Collier
County Sewer SysteI 'r e; anti Collier County
Ordinance 92- 3 3 , u-, -umended,FT" c Cu 1 1 it°r Cuunty EdLIC At iona 1
Facilities Impact. Few Ordinances, a:; they may be further amended
from time to time, lwre�rnatter ._•ullok- tivt,ly ruter" red to as
"Impact. Fee Ordin,trict-", provide tot- dvterrals of. impact tees
for re -nta 1 dwe i l i nc3 ::nits qua l i t y i nq .t:. a t t ordab l e housing; and
WHEREAS, SunCoa::t Corp. of Delaware is the duly authorized
general partner i th J. B,r� lrmarin os, Pre.s iLlent ; and
Packet Page -802-
2085546 OR: 2214 PG: 3/27/2012 Item
16.A.17.
lots:
• CUK t0 in an
IIMM io tk OtiICI16 000111 of Munk em", 11
ac M
poem
49.39
11.0
I171101110 Ito rwol
11/11/91 at 11:11Y HICK 1. 11M, CM
1IIC
1.8
IV 1211
AGREEMENT FOR 100%
DEFERRAL OF COLLIER COUNTY IMPACT
FEES
Thi:, Ayr-evvi ant i or the Deferral of lmpar t. F'e'es entered
into tltis: . J. (Jay )t ! 1�`, l�r <rr,, by and between the Board
of COurlty c'„ruii :,:,iurrt`r:, 01 Cc,llIt-t Ck)urlt } , lourldi, helei;11atter
referred to as "COUNTY" and Saxon Manor lt.le_, Apartments,
Limited Partners hip heresinatter referred to a:; 1106vNER".
WHEREAS, Collier County Ordinank-•e� No. 88 -91, as amended,
the Collier County Library System lr,,pa t Fee Ordinance; Collier
County Ordinance fdo. a-, iment,led, thE` Collier County
Parks and 12ec seat ior�1�i�t;9�lrjtct Fee Ordinance; Collier
County Ordinance llcy` -7 1 , ►:, .imen��cibbc i it, Col 1 ier County
Emergency Medical/ .Lq" e. v Mpac: FE e Ordinance; Collier
County Ordinance( 11 '. a `r l e`l he Col 1 ier County Road
impact FETE' Urdine ; c' 1 r c (, my dtltrce� No. �,U -8� asp
amend, -d, t he C'v l i jrq�v c'Ount y W It t r i t r/ )a'.•t c:rr 1 111d11Ce ;
Collier County Orcl' rr t.• 1Jo. �iU 4, :n ended, the .Collier
County Sewer SysteI 'r e; anti Collier County
Ordinance 92- 3 3 , u-, -umended,FT" c Cu 1 1 it°r Cuunty EdLIC At iona 1
Facilities Impact. Few Ordinances, a:; they may be further amended
from time to time, lwre�rnatter ._•ullok- tivt,ly ruter" red to as
"Impact. Fee Ordin,trict-", provide tot- dvterrals of. impact tees
for re -nta 1 dwe i l i nc3 ::nits qua l i t y i nq .t:. a t t ordab l e housing; and
WHEREAS, SunCoa::t Corp. of Delaware is the duly authorized
general partner i th J. B,r� lrmarin os, Pre.s iLlent ; and
Packet Page -802-
3/27/2012 Item 16.A.17.
_e *. -- -. . — -- _
WHEREAS, JacP J. Bachmann, Pre.- -ident oT SunCoast Corp. of
Delaware hais applied lot- a def el-l-a 1 ()t impact T c�e:s as required
by the Impact Fee Ordinance, a (_'Opy c+t : -said appl itat ion being
on file. in the Dvparl• ment of liou:;iny and Urban improvement;
and
WHEREAS, the County Manacje ur hi:: desiynee has reviewed
the Ol,'rJF:R':, ;ipp1 icat:on and ha:, t(lurid that it Cur1p1ies with the
reduirt•merit:s fur in 1ttOrLiaL�1t r1t:u:.in1 ticit•rr,11 of ilnp.wt tees
as estab l i shed ill t 1 • 1 r31),iCt It-(, 111d
WHEREAS, the impact Tee dc i vi-ra 1 :,h.i 1 i he presented ill
l.iVL1 Ut 1,.1ym0nt t,t rug c t�r�'i y�iJr .;• Ct tt•t•:: :,trt.,�•,
satisfaction of al �°. eria in the ftttt.1 't Fee Ordinance
qualifying the v
and /
WHEREAS, t_hr
1
the amount UT $? i1,.: •; for :six
cert i T irate of occ` +¢i cy for :axon
I embodied in Fte:;O 1 u•,
and
1()1, \ir; � :!Ip'1c•t tee dvt err.i 1 ;
cic�lic r• l�jt impact. Tees in
t"It.; Al;Zin date of
le:s Apartments Phase
regular meeting of
WHEREAS, tht' lmuaCt FUL. Ur'dill,111 •t rtciuirt:. that the UWNEK
enter into yin -Agrocin-nt with t w c'(wtvi'Y.
NOW, THEREFORE, in cun;-sidt•r.iti.jn cat ttW fL)rt.'yuing recitals
the parties covenant and agree .t:s t U 1 1 Uwa :
1. RECITALS INCORPORATED. 1 ht• t Ut-t•civ i nc1 rt_!c_ i to 1 s are
true and correct twi :aial l be inc•UrltUratA'd by t'uturenct tierein.
Packet Page -803-
3/27/2012 Item 16.A.17.
%veto YY* • • we *wow
2. LEGAL DESCRIPTION. The Loga 1 dersc•r ipt ion of the
dwelling units (the "Dv:'elling 1!n it ") is att.tL-hud hereto as
Exhibit. "A" and inc urporated by ret erenc:e herein.
3. TERM. Ol NE'R ,igrees that tho Dwell my Unit shall
remain affordable and shall be of i e°red for rent ill accordance
with the standard:; -0t t orth in the ippend i x to the Impact Fee
Ordinance for a mini,ium of titteen � 1`,) year:s commencing tram
the date a c•ertif ic,t ' f, Of oc•C UI),inU }' i:, for the Dwelling
Unit.
4. REPRES ENTAIL' IONSI W ANTIES. 0,..., ner represents and
warrant:; t t' rollt;::i;�.�'1T�
(I . The Dwe 1 lfi�nk), Unit sha 1 1 be• t h , pc rviant•nt res i:lenc e- of
the oc:c pis •: / t c:n�� -,1``
b. The hou •e L r n in t D 'e i q Unit must have a
low it c w t' l , CU ont of the leasehold
and du 'on thereof . t ;t«�rm i:s :let ined in the
Append i s. Vrj lid re spt'.'t V V1 ILIC•t Ft.'C' UI -d i nank:es dnd
they erontrr the' atlUrd,Ible housing
quidel ines ,I�It,ibl ished in the AppendiC O'S tO the
re:spect i vo l inp.i •t Pte
C. The Dwellinq Unit shall remain atfordable for at least
I if teen ( 1 yt-ar:s truri the klate> the certificate of
`�. SUBSEQUENT RENTAL OR TRANSFER. It OWNER rents the
Dwelling Unit tc> the Lr.lp,lct tee deterr'll to a
subsequent renter, the Dwelling Unit shall be rented only to
— 1 —
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3/27/2012 Item 16.A.17.
W04 40&az t W e aysv
n housetiolds meeting the criteria ,et torth in the Impact Fee
Ordinance. The impact tees deterred shall be immediately
repaid to thc� COItN`!'Y ulmn tho Lit u:,e of the
Dwelling Unit aF, affordable housing, or six years from the date
such impact tee, are dt.,t erred, lihiCht'Vt, r LWCLIr:; t irst . Owner
agrees that even though the impact lees have been repaid to the
COUNTY, the owner will utilize the Dwelling Unit for aftordable
housing for at least fifteen (11;) yeL'ars from the bate the
certificate of occup,inc.y was issued t or the Dwelling Unit.
6. LIEN. The clef tarred impact tees shall be a lien upon
the property which i sed upun in the event of
non- ccmpliance .:itk requiremE�nt:, is Agreement.
The County ac-kno l(Nc Alc` d ��Itliat.
lair.. -�A^
(a) In complian •ez i >tLr1 c th Collier County
impact fee orlon c.:, Q.,jje,-p
ct n r l: 1 s ( Limited
i'r'k -t �' ,
Partnership has <'?tx ,isstrated to th , c' ury*,: /t.hat a subordination
of the County's intere:st:s at
is nec-es�;ary to
obtain financing for 'Apartment:, Phase I an
affordable housing p:-oject Con:,isting of one hundred
twenty -eight (128) M"Iti- family dwelling units; and
(b) In compliance .th the provisions of the itlrp.jc.t fete
ordinances, the Ot:,ne!• will deliver to the County substitute
collateral in the to---m of cash and a cash equivalent financial
instrument payabl(> tt) the County which together will yield to
the County the toll amount of the deterred impact fees, i.e.,
the :gum of taro hundt -Od and n i not y- t i ve thousand t J,o hundred and
seventy -six dollars: and 24/100 at the expiration
- 4 -
Packet Page -805-
3/27/2012 Item 16.A.17.
V&%O 46664 f V• &Vs4
of the period of the deferral, February 15, 2003, i.e., a
United States Treasury Zero Coupon liund which will mature at
the end of the deferral period, February 15, 2003, and, upon
maturity, would yield an amount equal to the amount of the
deferred fees. Coun *.:y c:ovenan'i.�s and agrees that it will not
negotiate the bond uciless and until they deterred impact fees
become due and payable pursuant to this agreement and that all
moneys received by ntryut iat ion c)f the bond shall be applied to
the payment of said deterred impact tee obligation owing by
Saxon Manor Isles Ap,irtments Limited Partnership.
(c) The County herer) `'- "iii►(�`�;
�0
subordinate its ry4ht- interests rind
agreement to the �l iH2i ort ,i ju a
( "Mortgage") f ro ;c n a nit,
Partnership to C�)Tl ' � o
principal amounts p to six mi lj{ n tt
thousand dollars (a��,) x,000) plug; .i (
:rents and agrees to
i e`ty pursuant to this
c:urity Agreement
thierlts Limited
e Authority in the
hundred fifty
interest and all
advances; authorized �in art C r if�i
ANNUAL REPORT. Annua 1 1 }' , t ht_ � Of the Dwelling
Unit shall provide to the County Manacier an affidavit of
compliance with the attordable houSincj clualiI ication criteria
and standards set forth in the Iripact Yee Ordinance. Said
affidavit must be t i Leta within thirty ( lU) (-..iys of the
anniversary date of •:he issuan.:e of the certiricate of
occupancy. If the income of any unit renter which originally
qualified as lo,,ti inc.)mu level a_, det ined in the respective
Packet Page -806-
10—\
3/27/2012 Item 16.A.17.
Wa%o rY• • 4%00 •lI ew
n Appendix to the 1 mp,ik;t Fee Ordinance by more thin forty percent
(40 %) , then the deterred Impact Fee :.ha 11 become immediately
due and payable by O+:ner or, in the alternative, the Owner
shall have ninety (90) days to comply with the Affordable
Housing guideline; scat forth in the respective Appendices.
o. RELEASE OF LIEN. Upun rc,tt is >tactory completion of
the Agreement requirorients, and upon payment of the deterred
impact fees, the COUtlTy shall, at the, e:�xpen:;rl of the COUNTY,
record any necessary dOCUmentat iC,n evidenc_ inq same, including
but nut 1 imitod to, ; release (It l ierl.
�� . BINDING EF {r�'t �� c > ;tt ::ha 1 l be binding upon
VTR, .V
the part it:.", to t ti i - uuMvilt , t tit, I r i r :, ::u� t :;_:or and
assign: ;. In the le ut"^t`.rri: t t- 1, t� (3 i t t ui the
Dwelling Unit, t:110 g' a 0't : t r Iem.ttn 1 iable for the
impact fees def E' fi1.c. t ')I ,..r t paid in full .
10.
RECORD This. Agrt.-e•me :.haill) k)e re curded t.,y OWNER
at the erpense of 11' in the Ott i �'curd:: of Col 1 ier
County, Florida, : ir..tt ki _: ,►f tt r e Xk-�uution of this
Agreement by the Cho i rman of the' B0,11 -d of c•uunty Commissioners.
l 1 . DEFAULT. OWNER shall bt.� ill det au 1 t of this Agreement
(1) where OWNER tai 1:: to rent the property in accordance with
the affordable ttuu::i iq :;t,dnd,ll.d : and dual it ication criteria
established in t I,;ipact. Fee .)rdinance• and tl le- rearter rails to
pay they impact 1005. ALW ithin thirty (3u) play:: C;t :laid
non - compliance, or (.1) where OWNER violate: one of the
affordable housinq qualitication c:riteria in the impact Fee
- t, -
Packet Page -807-
12. REMEDIES. Should Said Oti:net of the property tail to
comply with the salct clualitiC,ition criteria at any time during
the fifteen (15) year period ur _ ;houtd OWNER violate any
provisions of thi:; Agreement, the impact tees deferred shall be
paid in full by OIdt EI� ithin thirty ( >u) day ; Ut raid
non-compliance. OWN I i.mpdcrt tees deterred
shall constitute �� /l �n on the proper c mmencing on the
effect ive date of tt}f ��emerit°'in i cc,n ir. tiny unt i 1 paid.
Except a:s ;t!t f o i:h � t ? o t xa', "�X' 1 'n :;ha1 1 be superior
and 1_)ar ar;uOunt t c, t c 1 v y U nit of any
owner, lessee, tek� , mortgagee, tl except the
lien for County tak It d shaI 1 IA c)r %, ith the lien of
any such County taxe:;. Si Y , t�1 � (� :R be in detault of this
Agreement and the default is not Cured Within thirty (30) days
after written notice to the 0w11L °t,, the, hoard viay briny a civil
action to ent orc:e th� • aclreement . In addition, the lien may be
foreclosed or othvrti:,. rse enforced by the COUNTY by action or
suit in equity as
for
the foreclu: ;urea or a
3/27/2012 Item 16.A.17.
on real
property. This
reme,ly
V&%$ YYa a a v• av av
Ordinance
for a period of
t iItec?n
( 1')> days of ter notice of �
viol at ion.
Howevt!r, , %-. i th
respect
to the Annual Report, OWNER
shall not
be in det,tu It of
this: Agreement
until .► fifteen (15)
day grace
period t roan the
due Ll,ite
of the report ha's lapsed in
the event
the Owner is in
default.
12. REMEDIES. Should Said Oti:net of the property tail to
comply with the salct clualitiC,ition criteria at any time during
the fifteen (15) year period ur _ ;houtd OWNER violate any
provisions of thi:; Agreement, the impact tees deferred shall be
paid in full by OIdt EI� ithin thirty ( >u) day ; Ut raid
non-compliance. OWN I i.mpdcrt tees deterred
shall constitute �� /l �n on the proper c mmencing on the
effect ive date of tt}f ��emerit°'in i cc,n ir. tiny unt i 1 paid.
Except a:s ;t!t f o i:h � t ? o t xa', "�X' 1 'n :;ha1 1 be superior
and 1_)ar ar;uOunt t c, t c 1 v y U nit of any
owner, lessee, tek� , mortgagee, tl except the
lien for County tak It d shaI 1 IA c)r %, ith the lien of
any such County taxe:;. Si Y , t�1 � (� :R be in detault of this
Agreement and the default is not Cured Within thirty (30) days
after written notice to the 0w11L °t,, the, hoard viay briny a civil
action to ent orc:e th� • aclreement . In addition, the lien may be
foreclosed or othvrti:,. rse enforced by the COUNTY by action or
suit in equity as
for
the foreclu: ;urea or a
mortgacie
on real
property. This
reme,ly
i-, c:umul.itive ,:ith
.tny other
right or
reined, tvai lAhlL'
to ht
:'ut'N1'Y. 1'hc- butird
:sh.t11 be
entitled to
- V -
Packet Page -808-
3/27/2012 Item 16.A.17.
V4 %6 moo & • ,we •w e.
recover all fees and costs, inrludinq attorney's tees, plus
intere:.t at the �-:tatutory rate for jijdgmentt, '�.,ilL•ulated on a
calendar day basis: utiti l paid.
IN WITNESS WHEREOF, the partie'. have executed this
Agreement for deferr.i1 of ImpdL•t ft' L':; Url t.hC date and year
first above written.
Witnes ;es: ulI NFR •
C7'y,
Print Namel�,�, -I }a'
i i nt Name
:;AXON MANOR ISLES APARTMENTS
I IMI'TED PARTNERSHIP
}iy: !,LJNCOAST CORP. OF DELAWARE
�;1 NE:RAI. PARTNER
�J
Icivo— ��� l � � �: r een u a t ?.t
Fir; .t^cnmann
e. ; id enf`
t ^, �
C' U l'
r,s
DATED:
ATTES -1 : p
DW IGH -1 E. BROCK , C l e r I;
V(1NTY COMMISSIONERS
LINTY, FLORIDA
John C. Norris:, Chairman
A proved as to form ind
1 gal sufficiency
Heldi. As ton
Assistant County Attorney
Packet Page -809-
3/27/2012 Item 16.A.17.
v... r..• •ter• ..•V
STATE OF _ ._Florida__-___,__--___)
COUNTY OF Collier _______)
The foregoing instrument was acknowledged before me this
4th day of .1'/ — day of .2k.... . 1996 by Jack J . Bachmann,
President of SunCoast Corp. of Delaware, General Partner of
Saxon Manor Isles Apartments Limited Partnership, on behalf of
the Partnership. He ..s personally known to me -or has produced-
_. (-e-yip,. --Qt ilati n t.i t i c:d t 1 Gal) d6
[NOT$1RTAL SEAL] Signature of Person Taking Acknowledgment
/e. ,
Name of Acknowledger Typec 1't i ntt ci or Stamped
OFFICIAL NOTARY SEAL-7- 1,--„A„..„
JOANNE DAI.H ‘---LJUA.
f `r
MY COMM1SS AY 30,1996 -
1
p:( y \ .
,_., (-cl . i:, ,,) ,
,,,,\f ,, io.„,,
4-0, .
,...)
t -'
- 9 -
Packet Page -810-
. >t>t>t 3/27/2012 Item 16.A.17.•
WWII YYa• •V O •Y•./
.„` EXHIBIT "A"
LEGAL DESCRIPTION
SAXON MANOR ISLES APARTMENTS PHASE I
A,PORT'ON OF 1').+F FAST 1/2 OF Ir. :Ali1 1/i i;F 1.1r FAST ! /2 C%
TA; NORTHEAST 1/4 OF SECTION 0, TOWNSHIP SC SCUIl,. RANGEE. 226
EAST, COb-IER COUNTY. FLORIDA. eEIrNC toCRG PARTICULAR_`'
DESCRi9ED AS FO..LO*S:
COMMENCE AI' (ME NORTHEAST CQNNEN Uf SECTION 6,
TOwNSHIP 50 SOUTH, RANGE 36 EAST, COL'_IER COUNTY, FLORIDA;
THENCE RUN S. 00'07'54' W., ALONG THE EAST LINE OF THE
NORTHEAST QUARTER OF SAID SECTION 6. FOR A DISTANCE OF 59.41
FEET 'TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY UNE or RADIO
ROAD (C.R..856), AND THE PO NT OF' Bf. NNING OF THE
PARCEL OF LANG HEREIN D CONTINUE S.
00'0754' W., ALONG THE d ORTHEAST QUARTER
OF SAID SECTION 6, -`* ANCE Cam. 6 FEET; THENCE
RUN N. 89'52'00" W( A DISTANCE OF 'VET;
ET; THENCE
RUN N. 00'07'54` AR A DISTANCE OF S9. 4 FEET; THENCE
RUN N. 89'52406" W.. A_ DI • 180. MET: THENCE
RUN S. 00'07'22 w. t FO- ST GE F 76.24 EE': THENCE
RUN S. 8912'06 E. ,- _ FE T: THENCE
RUN S. 00'07'541" W F• PI A .` BEET THENCE
RUN N. 884'6='0 W •R k► 413 AN . FEET THENCE
RUN S. 00'07'54 fly.\F, • ` £ "•F S�.00, FEST THENCE
RUN N. 6912'06 -1M. FOR A 01 TANC •F 2�b�00/E ; THENCE
RUN N. 00'01'54 OR A DISTANCE •, 10.00 T" THENCE
RUN N. 69'52'06" , OR A DISTANCE s' —9/7 TO A
POINT ON THE WES OF THE EAST t/'- ' , ' EAST 1/2 OF
THE EAST 1/2 OF T ' ' - EAST 1/4 OF .. CT1ON 8: THENCE
RUN N. 00'07'22" E.. A .•,' •I- . • E EAST 1/2
OF THE EAST 1/2 OF 1)1 > _'/ , ' CRTHEAST 1/4 OF SAID
SECTION 6, FOR A DISTANCE EET TO A POINT ON THE
SOUTHERLY RIGHT-OF-wAY LINE OF RADIO ROAD. THE SAME BEING A
POINT ON A CIRCULAR CURvE, CONCAVE SOUTHERLY, WiIOSE RADIUS
POINT BEARS S. 01'35'59" E. A DISTANCE OF 14802.73 FEET
THEREFROM; THENCE RUN EASTERLY, ALONG THE SOUTHERLY RIGHT-OF-
WAY LINE OF RADIO ROAD AND ALONG THE ARC OF SAID CURvE TO
THE RIGHT, HAVING A RADIUS OF 14892.73 FEET. THROUGH A
CENTRAL ANGLE OF' 01'16'16", SUBTENDED BY A CHORD OF 330.38
FEET AT A BEARING OF N. 89'02'09" C., FOR A DISTANCE OF'
330.3a FEET TO THE POINT OF !ECINNIs,
•
1'
Page 10
Packet Page-811-
3/27/2012 Item 16.A.17.
• uta; 2294542 OR: 2400 PG: 0040 3/27/2012 Item 16.A.17.
cull TO In IOAtD RICOIDID A the OFFICIAL HCOUS of COLLIIR COORI, FL
• IMICIPICI 4t1 FLOOR 03/19/99 at 10;11A1 D1IG1T 1. 110C1, CL111 COFIIS 9.00
IV 1240
AGREEMENT FOR 100% DEFERRAL OF COLLIER COUNTY IMPACT FEES
This Agreement for the Deferral of Impact Fees entered into this/7Z& of _ '-
1998, by and between the Board of County Commissioners of Collier County, Florida,
hereinafter referred to as "COUNTY" and Saxon Manor Isles Apartments I Limited Partnership
hereinafter referred to as "OWNER ".
WHEREAS, Collier County Ordinance No. 88 -97, as amended, the Collier Count}
Library System Impact Fee Ordinance, Collier County Ordinance No. 88 -96, as amended, the
Collier County Parks and Recreational Facilities Impact Fee Ordinance; Collier County
Ordinance No. 91 -71, as amended,leri�tt
Impact Fee Ordinance; Collier rdinance No.
Road Impact Fee Ordinance Col tl$�r -C MnLy Q_ ar
County Water System Imp �t F n C
the Collier county Sewer p m In �c� F e r nar
92 -33, as amended, the Col � ounty Educational • cili
they may be further amended time to time hereinui,
Fee Ordinance ", provide for de �rfs
qualifying as affordable housing; and
Emergency Medical Services System
as amended, the Collier County-
86, as amended, the Collier
No. 90 -87, as amended,
County Ordinance No.
Impact Fee Ordinance, as
Wely referred to as "Impact
owner - occupied dwelling units
WHEREAS, SunCoast Corp. of Delaware is the duly authorized general partner «ith
Jack J. Bachmann as President; and
WHEREAS, Jack J. Bachmann as President of SunC'oast Corp. of Delaware. has applied
for a deferral of impact fees as required by the Impact Fee Ordinance, a copy of said application
is on file in the Housing and Urban Improvement Department; and
WHEREAS, the County Administrator or his designee has revievvud the OWNER's
application and has found that it complies with the requirements for an aftordable housing;
deferral; of impact fees as established in the Impact Fee Ordinance; and
Packet PaEe -912-
OR: 3/27/2012 Item 16.A.17.
WHEREAS, the impact fee deferral shall be presented in lieu ot'payment of the requisite
impact fees subject to satisfaction of all criteria in the Impact Fee Ordinance qualifying the
project as eligible for an impact fee deferral; and
WHEREAS, the COUNTY approved a deferral of impact fees in the amount of Five
Hundred Ninety Two Thousand Six Hundred and Sixty Dollars and 48/100 (5592,660.48) for six
years fmm date of certificate of occupancy for Saxon Manor Isles Apartments embodied in
Resolution No. 98- 70 , at its regular meeting of March 17, 1998 and
WHEREAS, the Impact Fee Ordinance requires that the OWNER enter into an
Agreement with the COUNTY.
NOW, THEREFORE, in consi
agree as follows:,'
1. RECITALS INCORPORATED �Tl
incorporated by refet
2. LEGAL DESCRIPT
is attached hereto as ExhiWA" and i
I
recitals, the parties covenant and
and correct and shall be
its (the "Dwelling Unit ")
3. TERM. OWNER agree" dire the Dwelling Unit`4,WCr*ain affordable and shall be
offered for rent in accordance t}e y ys n the appendix to the Impact Fee
E C3
Ordinance for a minimum. of fifteen (1 commencing from the date a certificate of
occupancy is issued for the Dwelling Unit.
4. REPRESENTATIONS AND WARRANTIES. OWNER 'represents and warrants the
following:
a) The Dwelling Unit shall be the permanent residence of the occupant/tettant.
b) The household renting the Dwelling Unit must have a very low or low income level, at
the commencement of the leasehold and duration thereof, as that term is defitied in the
Appendices to the respective Impact Fee Ordinances and the monthly rent must be within
the affordable housing guidelines established in the Appendices to the respective Impact
Fee Ordinances.
2
Packet Page -813-
( 3/27/2012 Item 16.A.17.
c) The Dwelling Unit shall remain affordable for at least fifteen (15) years from the date the
certificate of occupancy was issued.
5. SUBSEQUENT RENTAL OR TRANSFER. If OWNER rents the Dwelling Unit subject to
the impact fee deferral to a subsequent renter, the Dwelling Unit shall be rented only to
households meeting the criteria set forth in the Impact Fee Ordinance. The impact fees
deferred shall be immediately repaid to the COUNTY upon the discontinuance of use of the
Dwelling Unit as affordable housing, or six years from the date such impact fees are deferred,
whichever occurs first. OWNER agrees that even though the impact fees have been repaid to
the COUNTY, the OWNER will utilize the Dwelling Unit for affordable housing for at least
fifteen (15) years from the date tee+ i t c� c c pT
6. LIEN. The deferred impacshill be a lien
foreclosed upon in the /7vcn(fo o - corliancarith
f
The COUNTY acknowI ed
(a) In compliance withl the r i ' f o ter C
has demonstrated t COUNTY that a su rdir
\L
and lien is necessary io�*14in financing for
housing project consisting ohl
(b) In compliance with the provisi
y was issued for the Dwelling Unit.
property which lien may be
of this Agreement.
y >� t Fee Ordinances, OWNER
ion he County's rights, interests
at
sles Apartments, an affordable
t 124) units, and
Fee Ordinances, the OWNER will
deliver to the COUNTY substitute collateral in the form of cash and a cash equivalent
financial instrument payable to the County which together will yield to the COUNTY the
full amount of the deferred impact fees, i.e., the sum of Five Hundred Ninety *F%�o
thousand Six Hundred Sixty Dollars and 48/100 ($592,660.48) at the expiration of the
period of the deferral, August 15, 2004, i.e., a United States Treasury Zero Coupon Bond
which will mature at the end of the deferral period, August 15, 2004 and, upon maturity,
would yield an amount equal to the amount of the deferred fees. COUNTY covenants
and agrees that it will not negotiate the bond unless and until the deterred impact fees
become due and payable pursuant to this agreement and that all moneys received by
3
Packet Page -814-
OR: 3/27/2012 Item 16.A.17.
negotiation of the bond shall be applied to the payment of said deterred impact fee
obligation owing by Saxon Manor Isles Apartments 11 Limited Partnership.
(c) The County hereby covenants and consents and agrees that its rights, interests and lien
pursuant to this agreement shall he subordinated to the lien of the Mortgage and Security
Agreement ( "Mortgage ") and other documents executed by OWNER in consideration
therewith from Saxon Manor Isles Apartments 11 Limited Partnership to Collier County
Housing Finance Authority, or other primary lenders in the principal amount of up to Six
Million Four Hundred Thousand Dollars ($6.400,000), plus accrued interest and all
advances authorized under the provisions of such mortgages. The COUNTY will execute
such subordination agreement "q ft required by said mortgages.
7. ANNUAL REPORT. AnnW41 to OWNER of`'t ri Iling Unit shall provide to the
County Administrator ai
criteria and standards si
within thirty (30) days
If the income of any un
the respective Appendix
(40%) above the low it
which original
impact fee on the non - compliance
Fee
ith that' rdable housing qualification
►rrtttte. aid affidavit must be filed
I±cq of the certificate of occupancy.
J%vt
ivied ds %*, income level as defined in
by more than forty percent
then the per unit deferred
immediately due and payable by
OWNER or, in the alternative, the OWNER shall have ninety (90) days to comply with the
Affordable Housing guidelines set forth in the respective Appendices.
8. RELEASE OF LIEN. Upon satisfactory completion of the Agreement requirements, and
upon payment of the deferred impact fees, the COUNTY shall, at the expense of the
COUNTY, record any necessary documentation evidencing such payment, including but not
limited to, a release of lien.
9. BINDING EFFECT. This Agreement shall be binding upon the parties to this Agreement,
their heirs, successors and assigns. In the case of sale or transfer by gift of the Dwelling
4
Packet Page -815-
OR: 2 3/27/2012 Item 16.A.17.
Unit, the original OWNER shall remain liable for the impact fees deterred until said impact
fees are paid in full.
10. RECORDING. This Agreement shall be recorded by OWNER at the expense of OWNER.in
the Official Records of Collier County, Florida within sixty (60) days after execution of this
Agreement by the Chairman of the Board of County Commissioners.
11. DEFAULT. OWNER shall be in default of this Agreement (1) where OWNER fails to rent
the property in accordance with the affordable housing standards and qualification criteria
established in the Impact Fee Ordinance and thereafter fails to pay the impact tees due within
thirty (30) days of notice of said non - compliance, or (2) where OWNER violates one of the
affordable housing qualification c i tl Fee Ordinance for a period of titteen
� r
(15) days after notice of violas. owever, with to the Annual Report, OWNER
lr%
shall not be in default 0/this A r e s. un1 a U, een 5) day grace period from the due
date of the report has la sed i v t i fault.
12. REMEDIES. Should tbe,,.Q EPA 6h pr y 'a t cojiVl�, with the said qualification
criteria at any time du the fifteen (15) ye period ' `"'$#could OWNER violate any
provisions of this Agree t e impact fees dd be paid in full by OWNER
within thirty (30) days of said J e grees that the impact fees defers.
C lR
shall constitute a lien on the property c crag on the effective date of this agreement
and continuing until paid. Except as set forth in Section 6, such lien shall be superior and
paramount to the interest in the Dwelling Unit of any owner, lessee, tenant, mortgages, or
other person except the lien for County taxes and shall be on parity with the lien of any such
County taxes. Should the OWNER be in default of this Agreement and the default is not
cured within thirty (30) days after written notice to the OWNER, the Board may bring a civil
action to enforce the Agreement. In addition, the lien may be foreclosed or otherwise
enforced by the COUNTY by action or suit in equity as for the foreclosure of a mortgage on
real property. This remedy is cumulative with any other right or remedy available to the
COUNTY. Notwithstanding the foregoing, the COUNTY shall realize upon the collateral
5
Packet Page -816-
OR: 3/27/2012 Item 16.A.17.
given to it by OWNER as described in Section be prior to exercising: any rights to recover
against property. The Board shall be entitled to recover all fees and costs, including
attorney's fees, plus interest at the statutory rate for judgments calculated on a calendar day
basis until paid.
IN WITNESS WHEREOF, the parties have executed this Agreement for deferral of Impact Fees
on the date and year first above written.
(2) Witnesses: OWNER:
SAXON MANOR ISLES APARTMENTS 11
LIMITED PARTNERSHIP
Tint Name c UNC UAS "f CORP. OF DELAWARE
s al Partner
Ak
1
Name
Attest as to Chairman's
signature only.,
DATED- W%a.�h7
ATTEST:
DWIGHT E. BROCK, Clerk .
Approved as to form and
legal sufficiency
�1,z / ' .(,f ,/, "�
Heidi F. Ashton
Assistant County Attorney
President
t
CouN�
BOARD ,U in, COMMISSIONERS
OUNTY, FLORIDA
BarbKa B. Berry, Chairman
.4
Packet Page -817-
3/27/2012 Item 16.A.17.
STATE OF FLORIDA
COUNTY
The foregoing instrument was acknowledged before me this day of Ae e y_
1998 by Jack J. Bachmann, President of SunCoast Corp. of Delaware, General Partner of Saxon
Manor Isles Apartments II Limited Partnership. He is personally known to me er-4was predwed
-- (type of identification) as identification.
SfiOiature of person taking ackno edgment
Name of Acknowledger Typed, Onted or Stamped
jd/f /monmanor /agreem 17, ent
,.
UO
7
Packet Page -818-
w.►.w ttt
OR: 2' 3/27/2012 Item 16.A.17.
EXHIBIT "A"
SAXON MANOR ISLES APARTMENTS II
PROPERTY DESCRIPTION
A PORTION OF THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF
THE NORTHEAST 1/4 OF SECTION 6. TOWNSHIP 50 SOUTH, RANGE 26
EAST, COLLIER COUNTY, FLORIDA, GnNG MORE PARTICULARLY
DESCRIBED AS FOLLOWS:
COMMENCE AT 71HE NORTFiEAS-f go-Rf _RRF ., 6. TOWNSHIP 50
SOUTH. RANGE 26 EAST, COLL ENC£ RUN
S. 00'07'54' W., ALONG THE Nf Ck THE ST
OUARTER OF SAID SECTION 6, R A DISTANCE OF FEET TO A
POINT ON THE SOUTHERLY RICA GIF —WAY ! INE OF RA 10 OAD (C.R.
856); THENCE CONTINUE (S. OGVW-& VY., THE ST LINE
OF THE NORTHEAST QUARTEP AI ON 6 FOR 1. WISTANCE
OF 1363.79 FEET TC TH,E IARCtL OF
LAND HEREIN DESCRIBEO; T` Ef CE W., ALONG
THE EAST LINE O F TIC l iNQRI� A F S SE
0110N G.
FOR A DISTANCE OF F T iCpRNER
OF SAID SECTION 6; TN RUN S 69'29'15 ALor�. E SOUTH
LINE OF THE NORTHEAST- TER OF SAID SE N 6�/ A
DISTANCE 329.92 FEET TO+ SCUTIMEST CO OF� EAST
HALF OF THE EAST HALF A EAST HALF OF �FiTHEAST
QUARTER OF SAIL) SECTION 6, RUN N. E., ALONG
THE WEST LINE OF Ti1E EAST H F, - OF THE EAST
HALF OF THE NORTHEAST OUARTE A N 6, FOR A DISTANCE
OF 1254.00 FEET; THENCE RUN S. 89'520 E. FOR A DISTANCE OF
69.74 FEET; THENCE RUN S. 00'07'54' W. FOR A DISTANCE OF
10.00 FEET; THENCC RUN S. 89'52'06' E. FOR A OISTANCC OF
203.00 FEET; THENCE RUN N. 00'07'54' F. FOR A DISTANCE OF
55.00 FEET; THENCE RUN S. 69'52'06' E. FOR A DISTANCE OF
35.35 FEET; 1HENCE RUN N. 00'07'54' C. FOR A DISTANCE OF
82 78 FEET; THENCE RUN N. 89'5206' W. FOR A DISTANCE OF
234 32 FEET. THENCE RUN N. 00'07'22" E. F OR A DISTANCE. OF
76.24 FEET; THENCE RUN S. 89'52'06' E. FUR A DISTANCE OF
180.57 FEET; IHENCE RUN S. 00'07',4" W F,)R A CISTANCE Or
59 24 FEET ;I-+CNCE RUN S. ti9'S2'0f:' E 170;4 A DISTANCE OF
75 75 FEET T() 114E potN f OF
Packet Page -819-