Agenda 09/11/2018 Item #16D 809/11/2018
EXECUTIVE SUMMARY
Recommendation to approve and authorize the Chairman to sign two (2) releases of lien for an
Affordable Housing Density Bonus (AHDB) Agreement for units sold which are no longer subject
to the terms of the agreement.
OBJECTIVE: To support the affordability of housing through the AHDB Program.
CONSIDERATIONS: Pursuant to Section 2.06 et seq. of the Collier County Land Development Code
(LDC), the identified homeowners executed an AHDB Agreement lien encumbering their properties in
the Bristol Pines and Botanical Place communities. The AHDB Program seeks to provide an incentive to
construct affordable housing units in Collier County.
Regarding the financial commitment of the Borrower to the County, the following provision applies to the
first subject property (DelPesce) if sold or assigned within fifteen (15) years after the original purchase
date:
“at a sales price in excess of five (5%) percent per year of the original purchase price of $178,990, I, my
heirs, legal representatives, successors, or assigns shall pay to Collier County an amount equal to one-
half (1/2) of the sales price in excess of the five (5%) percent increase per year” (emphasis added).
The second subject property (Monaldi) lien states if sold or assigned within fiftee n (15) years after the
original purchase date:
“at a sales price in excess of five (5%) percent per year of the original purchase price of $126,970.16, I,
my heirs, legal representatives, successors, or assigns shall pay to Collier County an amount equal to
one-half (1/2) of the sales price in excess of the five (5%) percent increase per year” (emphasis added).
The following table details the release of lien associated with this Item.
Name Purchase
Date
Purchase
Price
Sold Date Sold
Price
Payoff
Amount
Public Record
DelPesce,
Marie
April 19,
2016
$178,990 February
28, 2018
$230,000. $16,331.76 OR5263/PG3677
Monaldi,
Joseph
April 16,
2007
$126,970.16 March 31,
2018
$162,000. $0 OR4216/PG2847
OR4444/PG4118
If the borrower sold the property for less than a sales price “in excess of five (5%) percent per year of the
original purchase price,” there is no repayment obligation to Collier County. If there is an increase in
appreciation of more than five (5%) percent per year the seller would pay the County one-half (1/2) of the
excess of five (5%) percent. In the above two (2) scenarios, DelPesce paid the County one-half (1/2) of
the sales price in excess of the five (5%) percent increase per year, while Monaldi did not as his property
was sold for less than the five (5%) percent per year increase.
FISCAL IMPACT: A pay-off amount of $16,331.76 was deposited in the Housing Density Bonus Fund
(106), Cost Center 138796.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact.
LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote
for Board approval. -JAB
16.D.8
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09/11/2018
STAFF RECOMMENDATION: Approve and authorize the Chairman to sign two (2) releases of lien
for an AHDB Agreement for units sold which are no longer subject to the terms of the agreement.
Prepared By: Susan Golden, Sr. Grants and Housing Coordinator, Community and Human Services
Division
ATTACHMENT(S)
1. Original Liens (PDF)
2. Release of Liens (PDF)
3. AHDB SAP payment DelPesce (DOCX)
16.D.8
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.8
Doc ID: 6341
Item Summary: Recommendation to approve and authorize the Chairman to sign two (2) releases
of lien for an Affordable Housing Density Bonus (AHDB) Agreement for units sold which are no longer
subject to the terms of the agreement.
Meeting Date: 09/11/2018
Prepared by:
Title: – Community & Human Services
Name: Susan Golden
07/31/2018 11:20 AM
Submitted by:
Title: Division Director - Cmnty & Human Svc – Public Services Department
Name: Kimberley Grant
07/31/2018 11:20 AM
Approved By:
Review:
Community & Human Services Cormac Giblin Additional Reviewer Completed 08/21/2018 2:20 PM
Public Services Department Kimberley Grant Additional Reviewer Completed 08/21/2018 2:49 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 08/22/2018 4:40 PM
Community & Human Services Akiko Woods Additional Reviewer Completed 08/24/2018 12:35 PM
Public Services Department Joshua Hammond Additional Reviewer Completed 08/24/2018 3:54 PM
Public Services Department Todd Henry Additional Reviewer Completed 08/27/2018 8:18 AM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 08/27/2018 8:18 AM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 08/27/2018 12:19 PM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 08/28/2018 11:30 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/28/2018 3:22 PM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 08/29/2018 2:50 PM
Budget and Management Office Mark Isackson Additional Reviewer Completed 08/29/2018 2:56 PM
County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 09/02/2018 2:48 PM
Board of County Commissioners MaryJo Brock Meeting Pending 09/11/2018 9:00 AM
16.D.8
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16.D.8.a
Packet Pg. 1163 Attachment: Original Liens (6341 : Release of Liens)
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Packet Pg. 1164 Attachment: Original Liens (6341 : Release of Liens)
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Packet Pg. 1165 Attachment: Original Liens (6341 : Release of Liens)
16.D.8.a
Packet Pg. 1166 Attachment: Original Liens (6341 : Release of Liens)
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Packet Pg. 1167 Attachment: Original Liens (6341 : Release of Liens)
16.D.8.b
Packet Pg. 1168 Attachment: Release of Liens (6341 : Release of Liens)
16.D.8.b
Packet Pg. 1169 Attachment: Release of Liens (6341 : Release of Liens)
16.D.8.c
Packet Pg. 1170 Attachment: AHDB SAP payment DelPesce (6341 : Release of Liens)