Agenda 07/09/2019 Item #16D 2 (Releases of Lien - Bristol Pines PUD)07/09/2019
EXECUTIVE SUMMARY
Recommendation to approve and authorize the chairman to sign three (3) Releases of Lien for three (3)
Affordable Housing Density Bonus units that are no longer subject to the terms of the agreement.
OBJECTIVE: To support the affordability of housing through the Affordable Housing Density Bonus
(AHDB) Program.
CONSIDERATIONS: Pursuant to Section 2.06 et seq. of the Collier County Land Development Code
(LDC), the identified homeowner executed an AHDB Agreement lien encumbering their property in the
Bristol Pines PUD. The AHDB Program seeks to provide an incentive to construct affordable housing
units in Collier County.
The following provision applies to the subject properties if sold or assigned within fifteen (15) years after
the original purchase date:
“In the event, we, our heirs, legal representatives, successors or assigns sell the property (including the
land/and or unit within fifteen (15) years after the Original Purchase Date, at a sales price in excess of
five percent (5%) per year of the original purchase price, I, my heirs, legal representatives, successors or
assigns shall pay to Collier County an amount equal to one-half of the sales price in excess of the five
percent (5%) increase per year” (emphasis added).
The following table details the release of liens associated with this Item.
Name Purchase
Date
OR
Book/Page
Purchase
Price
Sold
Date
Sold Price Total
Amount
Due
MARIO F. AND
MARIA D.
CASTILLO
JANUARY
26, 2007
4177/0377 $186,745 MAY 30,
2019
$210,900 $0
MICHELLE C.
PICONE
DECEMBER
30, 2016
5349/1114 $178,990 May 24,
2019
$212,000 $5,778
ERKIN
ERGASHEV
AND FIRUZA I.
ERGASHEVA
SEPTEMBER
14, 2016
5313/3291 $178,990 MAY 29,
2019
$216,000 $6,405
Totals $544,725 $638,900 $12,183
If the borrower sells the property for less than the original sales price; there is no repayment obligation to
Collier County. If the borrower sold the property “in excess of five percent (5%) per year of the original
purchase price” and if there is an increase in appreciation of more than five percent (5%) per year, the
borrower would pay the County one-half of the excess of five percent (5%). Michelle C. Picone, Erkin
Ergashev and Firuza I. Ergaheva paid the County one-half of the sales price in excess of the five percent
(5%) increase per year.
Type of Revenue Amount 10% Admin Program
DENSITY BONUS PAYOFF $12,183 $1,218.30 $10,964.70
FISCAL IMPACT: A Budget Amendment is necessary to recognize the revenue received in the amount
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of $12,183 in the Affordable Housing Trust Fund (116), Project Number 50137.
GROWTH MANAGEMENT IMPACT: The Affordable Housing Density Bonus Program assists the
County in meeting some of its goals and objectives in the Housing Element of the Growth Management
Plan.
LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote
for Board of County Commissioners (Board) approval. -JAB
RECOMMENDATION: Recommendation to approve and authorize the chairman to sign three (3)
Releases of Lien for three (3) Affordable Housing Density Bonus units that are no longer subject to the
terms of the agreement.
Prepared By: Jason Rummer, Operations Analyst, Community and Human Services Division
ATTACHMENT(S)
1. AHDB ROL ORG MORT PAYOFF DOCS ERGASHEV BCC07092019 (PDF)
2. ROL CAO STAMPED PICONE (PDF)
3. AHDB ROL CAO ORG MORT PAYOFF DOCS CASTILLO BCC07092019 (PDF)
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.2
Doc ID: 9345
Item Summary: Recommendation to approve and authorize the chairman to sign three (3) releases
of lien for three (3) Affordable Housing Density Bonus units that are no longer subject to the terms of the
agreement.
Meeting Date: 07/09/2019
Prepared by:
Title: Operations Analyst – Public Transit & Neighborhood Enhancement
Name: Jason Rummer
06/13/2019 3:56 PM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
06/13/2019 3:56 PM
Approved By:
Review:
Community & Human Services Cormac Giblin Additional Reviewer Completed 06/17/2019 10:36 AM
Community & Human Services Leslie Davis Additional Reviewer Completed 06/17/2019 11:57 AM
Community & Human Services Akiko Woods Additional Reviewer Completed 06/18/2019 4:36 PM
Community & Human Services Kristi Sonntag CHS Review Completed 06/24/2019 6:53 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 06/25/2019 8:39 AM
Community & Human Services Lisa Carr Additional Reviewer Completed 06/25/2019 9:29 AM
Public Services Department Kimberley Grant Level 1 Reviewer Completed 06/25/2019 9:29 AM
Community & Human Services Susan Golden Additional Reviewer Completed 06/25/2019 10:09 AM
Public Services Department Todd Henry Level 1 Division Reviewer Completed 06/25/2019 11:16 AM
Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 06/25/2019 11:20 AM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 06/26/2019 11:26 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 06/26/2019 1:56 PM
Office of Management and Budget Laura Wells Level 3 OMB Gatekeeper Review Completed 06/26/2019 4:15 PM
Grants Therese Stanley Additional Reviewer Completed 06/26/2019 6:28 PM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 06/27/2019 8:51 AM
Board of County Commissioners MaryJo Brock Meeting Pending 07/09/2019 9:00 AM
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Packet Pg. 1317 Attachment: AHDB ROL ORG MORT PAYOFF DOCS ERGASHEV BCC07092019 (9345 : Release of Three (3) Liens for Affordable Housing
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Packet Pg. 1321 Attachment: AHDB ROL ORG MORT PAYOFF DOCS ERGASHEV BCC07092019 (9345 : Release of Three (3) Liens for Affordable Housing
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Packet Pg. 1324 Attachment: AHDB ROL ORG MORT PAYOFF DOCS ERGASHEV BCC07092019 (9345 : Release of Three (3) Liens for Affordable Housing
16.D.2.bPacket Pg. 1325Attachment: ROL CAO STAMPED PICONE (9345 : Release of Three (3) Liens for Affordable Housing Density Bonus)
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Packet Pg. 1334 Attachment: AHDB ROL CAO ORG MORT PAYOFF DOCS CASTILLO BCC07092019 (9345 : Release of Three (3) Liens for Affordable Housing
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