Ex Sum 9-9-14n
9/9/2014 10.A.
Board of Collier County Commissioners
Donna Fiats Georgia A Hitler, Esq. Tom Hwrgfq Fred W. Coyle Tint Ninos
District 1 District 2 Distrld 3 District 4 District 5
Date: July 14, 2014
To; Leo Ochs, County Manager
From: County Commissioner Tim Nance, District 5
RE: RECONSIDERATION OF JUNE 24 BCC ITEM 14B1
I would like to call for reconsideration of the June 24 BCC Agenda Item 14131
Recommendation that the Community Redevelopment. Agency (CRA) review an offer to
purchase CRA owned property in the Gateway mini -triangle by Fortino Construction &
Development, LLC and Assignee and provide staff direction.
In this item, the Board Motioned for staff to proceed with a public notice for sale of the
property -which was Approved 3/ 2 (Commissioner Hiller and Commissioner Henning
opposed).
Please ensure that this item is on. the agenda to be reconsidered at the next BCC Meeting_.
Best Regards,
Commissioner Tim Nance, District 5
3298 Tar*" TM Fsati S b 303 Packet Page -148-3' Z 'W7'' FAX.2W2524tit?2
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COLLIER COUNTY
Board of County Commissioners
Item Number: 10.10.A.
9/9/2014 10.A.
Item Summary: Request for Reconsideration of Item 14B1 from the June 24, 2014 BCC
meeting titled: Recommendation that the Community Redevelopment Agency (CRA) review an
offer to purchase CRA owned property in the Gateway mini -triangle by Fortino Construction
and Development, LLC and Assignee and provide staff direction. (Commissioner Nance)
Meeting Date: 9/9/2014
Prepared By
Name: BrockMaryJo
Title: Executive Secretary to County Manager, County Managers Office
7/15/2014 12:17:26 PM
Submitted by
Title: Executive Secretary to County Manager, County Managers Office
Name: BrockMaryJo
7/15/2014 12:17:27 PM
Approved By
Name: OchsLeo
Title: County Manager, County Managers Office
Date: 9/2/2014 9:23:18 AM
Packet Page -149-
9/9/2014 10.A.
EXECUTIVE SUMMARY
Recommendation that the Community Redevelopment Agency (CRA) review an offer to purchase CRA owned
property in the Gateway mini -triangle by Fortino Construction & Development, LLC and Assignee and provide
staff direction.
OBJECTIVE: To obtain direction from the Community Redevelopment Agency regarding the potential sale
of CRA owned property.
CONSIDERATION: The subject site comprises six (6) parcels (Exhibit A) located in the center of the
Gateway mini -triangle comprising approximately 5.27 acres. This area is identified in the CRA Redevelopment
Plan as a potential site for a catalyst redevelopment project. It is also identified in the Growth Management Plan
(GMP) Future Land Use Element (FLUE) Bayshore/Gateway Triangle Redevelopment Overlay as a catalyst
project site "... eligible for the maximum density of 12 units per acre, with development standards as contained
in the Gateway Triangle Mixed Use District zoning overlay...".
In 2009, the CRA Board authorized the purchase of 5.27 acres of commercial property in the Gateway mini -
triangle for the sum of $6,386,000. The property was purchased with proceeds from the Fifth Third Bank loan.
The site is improved with four buildings and a cell tower. The buildings operate as a rental car business, a
plastering service business, a collision repair shop and a retail nursery. The properties generate a yearly rental
income of approximately $301,000 to the CRA and are not exempt from property taxes and therefore on the tax
roll. Taxes in 2014 were approximately $24,350 of which the CRA was reimbursed approximately $24,000.
Three of the four buildings have maintained 100% occupancy and the leases are scheduled to expire in 2015.
The fourth lease is scheduled to expire in 2016. Tenants are aware the site was purchased for redevelopment
purposes and is identified in the Redevelopment Plan as a catalyst site. The CRA is currently working with the
Real Property Management Department's Leasing Specialist and the County Attorney's Office to review the
termination provisions of the leases.
Fortino and his Assignees desire to purchase and redevelop the site with a mixture of uses comprising a senior
housing component and/or a hotel including personal services, retail, restaurants and office uses. A contract
setting forth the terms of the offer and an offering price of $5,000,000 is attached hereto for review. The CRA
staff is seeking direction from the CRA Board whether it is the desire of the Board for staff to work with the
County's Real Property Management Department and the County's Attorney's Office to prepare a Purchase
Agreement to bring back to the Board for review and approval. An appraisal of the site was conducted by the
County's Real Property Management Department in April of 2014, which provided for an estimated market
value of the site to be $5,212,808.00. According to Fortino Construction & Development their total project
budget is estimated at $55,000,000. In accordance with Florida Statute 193.011, the Property Appraiser
appraises property at 100% just value, which equates with market value minus reasonable costs. If reasonable
cost is estimated to be 15% the taxable value would equate to $46,750,000.
Anthony Fortino has 25 years experience in the construction and development industry with offices in the New
York/New Jersey metro area and Naples (Fortinoconstruction.com).
A presentation was made by the developers to the CRA Advisory Board at the May 6, 2014 meeting. The
advisory board voted unanimously for staff to take the contract to the CRA Board for their review and direction.
The property is currently zoned C-4 and within the GTMUD-MXD Overlay. The Developer is open to
investigating other uses than provided for in the contract of which will be further explored if the Board so
desires to direct staff to begin negotiations. Negotiated contracts, proposals and associated documents will be n
brought back to the Board for review
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9/9/2014 10.A.
FISCAL IWACT: Assuming this new development will generate increased CRA taxable value of
$46,750,000, the tax increment value associated with this new development if applied in FY 16 totals $221,900.
^If one assumes a 3% tax base increase in FY 16 in addition to the new development the added tax increment
would amount to $298,000. Current CRA debt outstanding at June 16, 2014 totals $7,054,044 and the monthly
payoff is $41,988. This current balance does not include the recent property sales approved by the Board.
LEGAL CONSIDERATIONS: If so directed, the County Attorney will work with CRA staff and Real
Property Management to implement Board's direction. This item has been reviewed by the County Attorney, is
legally sufficient, and requires majority vote for approval. -JAB
GROWTH MANAGEMENT: There is no impact on the County's long-range planning effort.
RECOMMENDATION: Recommendation that the Community Redevelopment Agency (CRA) review an
offer to purchase CRA owned property in the Gateway mini -triangle by Fortino Construction & Development,
LLC and Assignee and provide staff direction.
PREPARED BY: Jean Jourdan, Interim Director
Bayshore/Gateway Triangle CRA
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9/9/2014 10.A.
COLLIER COUNTY
Board of County Commissioners
Item Number: <item outiine>
Item Summary: This item to be heard at 10:40 a.m. Recommendation that the Community
Redevelopment Agency (CRA) review an offer to purchase CRA owned property in the Gateway mini -
triangle by Fortino Construction & Development, LLC and Assignee and provide staff direction.
Meeting Date: 6/24/2014
Prepared By
Name: JourdanJean
Title: Project Manager, County Redevelopment Agency
6/9/2014 2:08:01 PM
Submitted by
Title: Project Manager, County Redevelopment Agency
Name: JourdanJean
6/9/2014 2:08:02 PM
Approved By
Name: CasertaAshley
Title: Project Manager, CRA, County Redevelopment Agency
Date: 6/9/2014 3:22:07 PM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 6/18/2014 10:51:12 AM
Name: BelpedioJennifer
Title: Assistant County Attorney, CAO General Services
Date: 6/18/2014 11:18:02 AM
Name: KlatzkowJeff
Title: County Attorney,
Date: 6/18/2014 1:32:49 PM
Packet Page -152-
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Name: FinnEd
Title: Management/Budget Analyst, Senior, Transportation Engineering & Construction Management
Date: 6/18/2014 2:52:06 PM
Name: OchsLco
Title: County Manager, County Managers Office
Date: 6/18/2014 4:25:27 PM
Packet Page -253-
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Exhibit A
Local Land Use Approvals
Maximum Allowable Building Height, Density and Intensity, and Allowable Uses:
Building Height: not to exceed 112 feet zoned height
Uses:
Permitted Uses and Maximum Allowable Density and Intensity:
I) Up to .60 Floor Area Ratio (FAR) for senior housing (162,000 square feet) and up to 26
units per acre of hotel rooms (162 rooms) with all Permitted C-4 uses, including personal
services, retail, restaurant and office, to the maximum extent that can be supported by the
required parking and other limiting site design elements.
Or,
2) Up to 74 residential dwelling units and either senior housing at an FAR of .60 based on
entire site acreage (6.2 acres), or Hotel at 26 Units per acre based on entire site acreage,
plus all Permitted C-4 uses, including personal services, retail, restaurant and office, to
the Maximum extent that can be supported by required parking and other limiting site
design elements.
116644M) #15
Packet Page -161-
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