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Agenda 04/08/2008 Item #16D19 Agenda Item No. 16D19 April 8, 2008 Page 1 of 4 EXECUTIVE SUMMARY Present to the Board of County Commissiouers 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 defennent 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 defennent 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 8.2008 Agenda: . Number of New Owncr Occupied Units Requesting Deferral: 12 . Number of Owner Occupied Units Transferring from Developer to Owner: 2 . Number of Rental Units Requesting Defen'al: 0 . Dollar Amount of Owner Occupied Impact Fee Defen'als on today's agenda: o $149,309.52 (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 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 are 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 deferred and the balance remaining for additional deferrals in FYOS. PREPARED BY: Frank Ramsey, Housing Manager, Housing and Human Services - COLLIER COUNTY SUMMARY OF IMPACT FEE DEFERRALS ON THE APRIL 8, 2008 AGENDA Fee Deser; Owner Oeeul>ied ROADS $ 72,708.00 LIBRARY $ 4,418.16 JAIL $ 744.96 GOVERNMENT BUILDINGS $ 4,920.00 COMMUNITY PARKS $ 9,000.00 REGIONAL PARKS $ 19,908.00 SCHOOLS $ 34,344.00 EMS $ 1,207.08 LAW ENFORCEMENT $ 2,059.32 SEWER $ - WATER $ - TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 149,309.52 TOTAL DOLLAR AMOUNT WATER/SEWER $ - Agenda Item No. 16D1 9 April 8, 2008 Page 2 of 4 COLLIER COUNTY IMPACT FEE DEFERRAL PROGRAM FISCAL YEAR 2008 FISCAL YTD IMPACT FEES DEFERRED Agenda Item No. 16D19 April 8, 2008 Page 3 of 4 Fee Description .. .. Owner Occuoied Rental/CWHIP .. Total .. ROADS $ 922,323.00 $ 596,160.00 $ 1,518,483.00 LIBRARY $ 58,641.04 $ 35,345.28 $ 93,986.32 JAIL $ 11,398.53 $ 5,583.97 $ 16,982.50 GOVERNMENT BUILDINGS $ 66,937.40 $ 39,360.00 $ 106,297.40 COMMUNITY PARKS $ 119,647.43 $ 72,000.00 $ 191,647.43 REGIONAL PARKS $ 263,888.40 $ 159,264.00 $ 423,152.40 SCHOOLS $ 526,165.00 $ 274,752.00 $ 800,917.00 EMS $ 15,744.16 $ 9,656.64 $ 25,400.80 LAW ENFORCEMENT $ 27,874.22 $ 16,474.56 $ 44,34878 SEWER $ 327,040.00 $ - $ 327,040.00 WATER $ 315,275.00 $ - $ 315,275.00 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 2,012,619.18 $1,208,596,45 $ 3,221,215,63 TOTAL DOLLAR AMOUNT WATER/SEWER $ 642,315,00 $ - $ 642,315,00 TOTAL NUMBER OF UNITS 160 UNITS 96 UNITS 256 UNITS FUNDS REMAINING FOR ADDITIONAL DEFERRALS. FISCAL YEAR 2008 Owner Occupied Dwelling Units Impact Fees Excluding Water and Sewer $2,835,500.00 (FY08) - $2,012,619.18 (Used) = $822,380.82 (Remaining) Water and Sewer Impact Fees $750,000.00 (FY08) - $642,315.00 (Used) = $107,685.00 (Remaining) Rental ApartmentlCWHIP 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 - 50 Marco Bay Homes - 6 Empowerment Alliance of SW Florida - 2 Freeman & Freeman - 4 I Lennar Homes - 26 Page 1 of ] Agenda Item No. 16D19 April 8, 2008 Page 4 of4 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: 16019 Item Summary: Provide 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. 4/8/2008 9:0000 AM Meeting Date: Prepared By Frank Ramsey SHIP Program Coordinator Date Public Services Housing and Human Services 3/31/200810:52:11 AM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 3/31/200811 :28 AM Approved By Barry Williams Director Date Public Services Parks and Recreation 3/31/20083:59 PM Approved By OMS Coordinator Applications Analyst Date Administrative Services Information Technology 3/31f2008 4:09 PM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 3/31/20084:46 PM Approved By James V. Mudd Board of County Commissioners County Manager Date County Manager's Office 3/31/20088:04 PM file://C:\A1!endaTest\ExDort\ 1 04-Aoril%208. %202008\ 16.%20CONSENT%20AGENDA\ 16... 4/2/2008