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Agenda 05/13/2008 Item #16D10 Agenda Item No. 16010 May 13, 2008 Page 1 of 4 EXECUTIVE SUMMARY Present to the Board of County Commissioners a summary of the Impact Fee Deferral Agreements recommended for approval in FY08, including the total number of Agreements approved, the total dollar amount deferred and the balance remaining for additional deferrals in FY08. OBJECTIVE: Present to the Board of County Commissioners a summary of the Impact Fee Deferral Agreements recommended for approval in FY08, including the total number of Agreements approved, the total dollar amount deferred and the balance remaining for additional deferrals in FY08. CONSIDERATIONS: Article IV of Chapter 74 of the Code of Laws and Ordinances established a program to defer impact fees for qualified affordable housing. For FY08, Collier County has committed $2,835,500 for the deferment of Impact Fees for eligible owner occupied affordable housing. This number represents 3% of the total Impact Fees collected in the prior Fiscal Year. Additionally, Collier County has committed $750,000 for the deferment of Water System Impact Fees and Sewer System Impact Fees. The Ordinance also allows for the deferral ofImpact Fees on a total of225 rental apartment units per fiscal year. A Summary ofImuact Fee Deferral A!!reements on the Mav 13, 2008 A!!enda: . Number of New Owner Occupied Units Requesting Deferral: 6 . Number of Owner Occupied Units Transferring from Developer to Owner: 3 . Number of Developer Units Requesting Deferral: 10 . Number of Rental Units Requesting Deferral: 0 . Dollar Amount of Owner Occupied Impact Fee Deferrals on today's agenda: o $235,764.90 (excluding Water and Sewer) o $63,709.52 Water and Sewer . Dollar Amount of Rental Unit Impact Fee Defen'als on today's agenda: o $0 (excluding Water and Sewer) o $0 Water and Sewer FISCAL IMPACT: Although it is expected that the County will ultimately collect these deferred fees (generally upon the sale of the residence), there is no guarantee as to if, or when, this would occur. GROWTH MANAGEMENT IMPACT: None. LEGAL CONSIDERATIONS: The proposed Agreements arc fully consistent with the intent and purpose of Section 74-401 of the Code of Laws and Ordinances of Collier County. STAFF RECOMMENDA nON: That the Board accept this summary of the Impact Fee Deferral Agreements recommended for approval in FY08, including the total number of Agreements approved, the total dollar amount defelTed and the balance remaining for additional deferrals in FY08. ~ PREPARED BY: Frank Ramsey, Housing Manager, Housing and Human Services COLLIER COUNTY SUMMARY OF IMPACT FEE DEFERRALS ON THE MAY 13, 2008 AGENDA Fee DescrinHnn ',\',,""'" "",.) Owner Occupied ROADS $ 117,764.20 LIBRARY $ 6,375.05 JAIL $ 1,453.26 GOVERNMENT BUILDINGS $ 7,358.80 COMMUNITY PARKS $ 13,402.00 REGIONAL PARKS $ 29,645.50 SCHOOLS $ 54,912.10 EMS $ 1,816.39 LAW ENFORCEMENT $ 3,037.60 SEWER $ 32,310.14 WATER $ 31,399.38 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 235,764.90 TOTAL DOLLAR AMOUNT WATER/SEWER $ 63,709.52 Agenda Item No. 16D10 May 13, 2008 Page 2 of 4 COLLIER COUNTY IMPACT FEE DEFERRAL PROGRAM FISCAL YEAR 2008 FISCAL YTD IMPACT FEES DEFERRED A:Jenda itern No. 16010 ~ May 13, 2008 Page 3 of 4 Fee Description Owner Occupied Rental/CWHIP Total ROADS $ 1,058,264.20 $ 596,160.00 $ 1,654,424.20 LIBRARY $ 66,120.63 $ 35,345.28 $ 101,465.91 JAIL $ 13,03803 $ 5,583.97 $ 18,622.00 GOVERNMENT BUILDINGS $ 75,526.20 $ 39,360.00 $ 114,886.20 COMMUNITY PARKS $ 135,299.43 $ 72,00000 $ 207,299.43 REGIONAL PARKS $ 298,510.90 $ 159,264.00 $ 457,774.90 SCHOOLS $ 589,663.10 $ 274,752.00 $ 864,41510 EMS $ 17,862.32 $ 9,656.64 $ 27,518.96 LAW ENFORCEMENT $ 31,426.65 $ 16,474.56 $ 47,901.21 SEWER $ 359,350.14 $ - $ 359,350.14 WATER $ 346,674.38 $ - $ 346,674.38 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 2,285,711.46 $1,208,596.45 $ 3,494,307.91 TOTAL DOLLAR AMOUNT WATER/SEWER $ 706,024.52 $ - $ 706,024.52 TOTAL NUMBER OF UNITS 181 UNITS 96 UNITS 277 UNITS FUNDS REMAINING FOR ADDITIONAL DEFERRALS - FISCAL YEAR 2008 Owner Occupied Dwelling Units Impact Fees Excluding Water and Sewer $2,835,500.00 (FY08) - $2,285,711.46 (Used) = $549,788.54 (Remaining) Water and Sewer Impact Fees $750,000.00 (FY08) - $706,024.52 (Used) = $43,975.48 (Remaining)" Rental Apartment/CWHIP Dwelling Units 225 Units (FY08) - 96 Units (Used) = 129 Units (Remaining) NUMBER OF OWNER OCCUPIED DEFERRAL AGREEMENTS CURRENTLY OPEN PER BUILDER/DEVELOPER Habitat for Humanity of Collier County - 48 Marco Bay Homes - 6 Empowerment Alliance of SW Florida - 2 Freeman & Freeman - 4 I Lennar nomes - 33 "Staff has deemed eligible for deferral one mu/it-unit building for Lennar Homes. If Bee approves the requests at a future meeting water/sewer funds will be zero. Page 1 of 1 Agenda Item No. 16010 lv1ay 13, 2008 Page 4 of 4 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: 16D10 Item Summary: Present to the Board of County Commissioners a summary of the Impact Fee Deferral Agreements recommended for approval in FY08, including the total number of Agreements approved. the total dollar amount deferred and the balance remaining for additional deferrals In FY08. 5/13/2008 90000 AM Meeting Date: Prepared By Frank Ramsey SHIP Program Coordinator Date Public Services Housing and Human Services 4/24/20083:09:26 PM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 4/24/20085:21 PM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 4/29/200811 :52 AM Approved By OMS Coordinator OMS Coordinator Date County Manager's Office Office of Management & Budget 4/29/2008 3:29 PM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 5/2/200811 :09 AM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 5/5/200812:53 PM file://C:\AgendaTest\Export\ 107 -May%20 13,%202008\ 16.%20CONSENT%20AGENDA \ 16 ... 5/7/2008