Resolution 2003-382
RESOLUTION NO. 2003.~
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF
COLLIER COUNTY RECOMMENDING ALLOCATION OF SPECIFIED TAX
INCREMENT FINANCING FUNDS ASSOCIA TED TO QUALIFYING
DEVELOPMENTS PARTICIPATING IN THE IMMOKALEE RESIDENTIAL
IMPACT FEE DEFERRAL PROGRAM, FEE PAYMENT ASSISTANCE
PROGRAM AND PROPERTY TAX STIMULUS PROGRAM
WHEREAS, on June 11, 2003, a Board of County Commissioners
(Board/BCC) workshop was held to discuss the report from Robert Charles
Lesser & Company, LLC, regarding the Analysis of the Effectiveness and Fiscal
Impact of Economic Development Incentives, which was prepared for the
Immokalee Community Development Corporation; and
WHEREAS, as a result of the workshop, staff was directed to develop
economic development incentives and a residential impact fee deferral program
for owner-occupied dwellings in the Immokalee area for consideration and
adoption by the Board of County Commissioners; and
WHEREAS, on November 10, 2003 the Immokalee Community
Redevelopment Advisory Board unanimously voted to recommend the support
for this Resolution for the reasons set forth herein: and
WHEREAS, impact fee rates continue to increase in Collier County to
accommodate growth; and
WHEREAS, the Board desires to promote and foster the availability of
economic development and affordable workforce housing in the Immokalee
area; and
WHEREAS, the Immokalee Enterprise Zone is also a Rural Federal
Empowerment Community and is in need of local incentives to promote
economic development and affordable workforce housing; and
WHEREAS, programs to offer relief for new development from increased
impact fee rates will contribute significantly to additional, new affordable
workforce housing and economic development in Immokalee; and
WHEREAS, the program to promote affordable residential workforce
housing in Immokalee will be known as the Immokalee Residential Impact Fee
Deferral Program; and
WHEREAS, the program established for eligible businesses to mitigate
the economic effects of increased relocation and expansion costs will be known
as the Property Tax Stimulus Program; and
WHEREAS, the program established for eligible businesses to mitigate
the economic effects of increased impact fees rates will be known as the Fee
Payment Assistance Program; and
WHEREAS, utilization of ninety-five percent (95%) of the Tax Increment
Financing (TJF) funds associated to the qualifying residential dwelling unit will
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provide a partial funding source for the Immokalee Residential Impact Fee
Deferral Program; and
WHEREAS, ninety-five percent (95%) of the Tax Increment Financing
(TIF) funds associated with qualifying businesses under the Property Tax
Stimulus Program will be paid to the qualifying business rather than the
lmmokalee Community Redevelopment Area Trust Fund for a period not to
exceed 15 years; and
WHEREAS, utilization of fifty percent (50%) of the Tax Increment
Financing (TIF) funds associated with the qualifying business located in the
Immokalee Enterprise Zone will provide a partial funding source for the Fee
Payment Assistance Program for a period not to exceed 15 years; and
WHEREAS, by providing an allocated funding source for the programs
enhancing the County's ability to provide improvements/and or additions to
Public Facilities will not be jeopardized; and
WHEREAS, the Immokalee Community Redevelopment Advisory Board
does not object to the use of the specified portion of the TIF funds for the
programs; and
WHEREAS, the Immokalee Community Redevelopment Advisory Board
recommends that the Collier County CRA recommend to the Board of County
Commissioners that the Board consider modifying the Collier County
Community Redevelopment Plan to allow for the use of TIF funds to implement
the Immokalee Residential Impact Fee Deferral Program, the Property Tax
Stimulus Program and the Fee Payment Assistance Program as set forth
above; and
WHEREAS, the Community Redevelopment Agency recommends that
the Collier County Board of County Commissioners direct staff to modify the
Immokalee Residential Impact Fee Deferral Program Ordinance, the Property
Tax Stimulus Program Ordinance and the Fee Payment Assistance Program
Ordinance to allow for the use of TIF funds to implement the fmmokalee
Residential Impact Fee Deferral Program, the Property Tax Stimulus Program
and the Fee Payment Assistance Program as set forth above; and
WHEREAS. the Immokalee Community Redevelopment Area will be
repaid, in full, the TIF contribution upon sale, transfer, or refinancing of the
qualifying dwelling unit through the Immokalee Residential Impact Fee Deferral
Program; and;
WHEREAS, County staff recommends the use of Tax Increment
Financing (TIF) funds to facilitate the implementation of the Immokalee
Residential Impact Fee Deferral Program, the Property Tax Stimulus Program
and the Fee Payment Assistance Program.
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NOW, THEREFORE BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF COLLIER COUNTY OF COLLIER
COUNTY, FLORIDA, that:
The allocation of specified tax increment financing (TIF) funds
associated with the qualifying developments participating in the Immokalee
Residential Impact Fee Deferral Program, Fee Payment Assistance Program
and the Property Tax Stimulus Program is recommended by the Community
Redevelopment Agency as a partial funding source for the designated
programs, and that the Community Redevelopment Agency recommends that
the Collier County Board of County Commissioners direct staff to modify the
Immokalee Residential Impact Fee Deferral Program Ordinance, the Property
Tax Stimulus Program Ordinance and the Fee Payment Assistance Program
Ordinance to allow for the use of TIF funds to implement the Immokalee
Residential Impact Fee Deferral Program, the Property Tax Stimulus Program
and the Fee Payment Assistance Program and the Community Redevelopment
Agency recommends that the Collier County Board of County Commissioners
consider modifying the Collier County Community Redevelopment Plan to allow
for the use of TIF funds to implement the Immokalee Residential Impact Fee
Deferral Program, the Property Tax Stimulus Program and the Fee Payment
Assistance Program.
THIS RESOLUTION is adopted after motion, second and majority vote
favoring adoption this 14 day of November , 2003.
ATTEST
Dwight E. Brock, Clerk
COLLIER C~lJNTl(J ~LORIDA
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Attest at~toChaH:.,.ri's .
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COMMUNITY REDEVELOPMENT AGENCY
"
atzkow,
unty Attorney
Patrick G. White
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