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Agenda 04/22-23/2008 Item #16D10 Agenda Item No. 16D10 April 22, 2008 Page 1 of 5 EXECUTIVE SUMMARY Present to the Board of County Commissioners a snmmary of the Impact Fee Deferral Agreements recommended for approval in FY08, inclnding 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 of Impact Fees on a total of225 rental apartment units per fiscal year. .- A SummarY ofImpact Fee Deferral Agreements on the April 22. 2008 Af,',enda: . Number of New Owner Occupied Units Requesting Deferral: 3 . Number of Owner Occupied Units Transferring from Developer to Owner: 2 . Number of Rental Units Requesting Deferral: 0 . Dollar Amount of Owner Occupied Impact Fee Deferrals on today's agenda: o $37,327.38 (excluding Water and Sewer) o $0 Water and Sewer . Dollar Amount of Rental Unit Impact Fee Deferrals on today's agenda: o $0 (excluding Water and Sewer) o $0 Water and Sewer A SummarY of Impact Fee Deferral Agreements in FY08: . Number of Owner Occupied Units Deferrals: 165 Units . Number of Rental Units Deferred: 96 Units . FY08 Dollar Amount of Owner Occupied Impact Fee Dcferrals: o $2,049,946.56 (excluding Water and Sewer) o $642,315.00 Water and Sewer . FY08 Dollar Amount of Rental Unit Impact Fee Deferrals: o $1,208,596.45 (excluding Water and Sewer) o $0 Water and Sewer FISCAL IMP ACT: 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 are fully consistent with the intent and purpose of Section 74-401 of the Code of Laws and Ordinances of Collier County. Agenda Item No. 16D10 April 22, 2008 Page 2 of 5 STAFF RECOMMENDATION: 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 deferred 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 APRIL 22, 2008 AGENDA Fee Dellcri ~ iO.wner.Occupied ROADS $ 18,177.00 LIBRARY $ 1,104.54 JAIL $ 186.24 GOVERNMENT BUILDINGS $ 1,230.00 COMMUNITY PARKS $ 2,250.00 REGIONAL PARKS $ 4,977.00 SCHOOLS $ 8,586.00 EMS $ 301.77 LAW ENFORCEMENT $ 514.83 SEWER $ - WATER $ - TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 37,327.38 TOTAL DOLLAR AMOUNT WATER/SEWER $ - Agenda Item No. 16010 April 22, 2008 Page 3 of 5 COLLIER COUNTY IMPACT FEE DEFERRAL PROGRAM FISCAL YEAR 2008 FISCAL YTD IMPACT FEES DEFERRED Agenda Item No. 16D10 April 22, 2008 Page 4 of 5 Fee DescriDtion . .. . '. Owner OccuDied Rental/CWHIP Total........... ROADS $ 940,500.00 $ 596,160.00 $ 1,536,660.00 LIBRARY $ 59,745.58 $ 35,345.28 $ 95,090.86 JAIL $ 11,584.77 $ 5,583.97 $ 17,168.74 GOVERNMENT BUILDINGS $ 68,167.40 $ 39,360.00 $ 107,527.40 COMMUNITY PARKS $ 121,897.43 $ 72,000.00 $ 193,897.43 REGIONAL PARKS $ 268,865.40 $ 159,264.00 $ 428,129.40 SCHOOLS $ 534,751.00 $ 274,752.00 $ 809,503.00 EMS $ 16,045.93 $ 9,656.64 $ 25,702.57 LAW ENFORCEMENT $ 28,389.05 $ 16,474.56 $ 44,863.61 SEWER $ 327,040.00 $ - $ 327,040.00 WATER $ 315,275.00 $ - $ 315,275.00 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 2,049,946.56 $1,208,596.45 $ 3,258,543.01 TOTAL DOLLAR AMOUNT WATER/SEWER $ 642,315.00 $ - $ 642,315.00 TOTAL NUMBER OF UNITS 165 UNITS 96 UNITS 261 UNITS -:- FUNDS REMAINING FOR ADDITIONAL DEFERRALS - FISCAL YEAR 2008 Owner Occupied Dwelling Units Impact Fees Excluding Water and Sewer $2,835,500.00 (FY08) - $2,049,946.56 (Used) = $785,553.44 (Remaining) Water and Sewer Impact Fees $750,000.00 (FY08) - $642,315.00 (Used) = $107,685.00 (Remaining)" Rental Apartment/CWHIP Dwelling Units 225 Units (FY08) - 96 Units (Used) = 129 Unils (Remaining) NUMBER OF OWNER OCCUPIEDDEFER~LAGREEMENTS CURRENTLY'. OPEN PERBIJILDER/DEVELOPER Habitat for Humanity of Collier County - 50 Marco Bay Homes - 6 Empowerment Alliance of SW Florida - 2 Freeman & Freeman - 4 Lennar Homes - 24 ..Staff has deemed eligible for deferral two mulit-unit buildings 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. 16D10 April 22, 2008 Page 5 of 5 COLLIER COUNTY BOARO OF COUNTY COMMISSIONERS Item Number: Item Summary: 16D10 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 FYOB Meeting Date: 4/22/2008 900.00 AM Prepared By Frank Ramsey SHIP Program Coordinator Date Public Services Housing and Human Services 4/8/2008 1 :08:40 PM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 4/9/2008 1 :58 PM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 4/10/200811:45 AM Approved By OMS Coordinator OMS Coordinator Date County Manager's Office Office of Management & Budget 4/10/2008 1 :29 PM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 4/11/2008 3: 25 PM Approved By Amy Patterson Community Development & Environmental Services Impact Fee Manager Date Financial Admin. & Housing 4/14/20082:46 PM Approved By James V. Mudd County Manager Date Board of County Commissioners County Manager's Office 4/15/200810:24AM file://C:\AgendaTest\Export\ I 05-April%2022,%202008\ 16.%20CONSENT%20AGENDA \ 1.., 4/16/2008