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Agenda 02/26/2008 Item #16D24 Agenda ltern No. 16D24 February 26, 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. CONSIDERA nONS: 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 S2,835,500 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 of 225 rental apartment units per fiscal year. A Summary ofImoact Fee Deferral Agreements on the Februarv 26. 2008 Agenda: . Number of New Owner Occupied Units Requesting Deferral: 23 - . Number of Owner Occupied Units Transferring from Developer to Owner: 0 . Number of Rental Units Requesting Deferral: 0 . Dollar Amount of Ov-mer Occupied Impact Fee Deferrals on today's agenda: 0 $313,598.26 (excluding Water and Sewer) 0 $76,230.00 Water and Sewer . Dollar Amount of Rental Unit Impact Fee Deferrals on today's agenda: 0 $0 (excluding Water and Sewer) 0 $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 RECOMMENDATION: That the Board accept this summary of the Impact Fee Deferral Agreements recommended fi,r 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, SHIP Program Coordinator, Housing and Human Services - _"'.0_' _..~.'-,.,.,,-~. ...-~"------~_. Agenda item r'~o. 16D24 February 26,2008 Page 2 of 4 COLLIER COUNTY SUMMARY OF IMPACT FEE DEFERRALS ON THE FEBRUARY 26, 2008 AGENDA Fee DescriDtion , Owner OccuDied ROADS $ 140.557.00 LIBRARY $ 8.836.34 JAIL $ 1,725.84 GOVERNMENT BUILDINGS $ 10,690.00 COMMUNITY PARKS $ 17,990,00 REGIONAL PARKS $ 39,793.00 SCHOOLS $ 87,290.00 EMS $ 2,313.57 LAW ENFORCEMENT $ 4,402.51 SEWER $ 38.665.00 WATER $ 37,565.00 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 313,598.26 TOTAL DOLLAR AMOUNT WATER/SEWER $ 76,230.00 --_...--- ,---- - --......--,.-. "----... .. COLLIER COUNTY ,,c..;_ie:lca :to311"1 t.,w, ': 3024 IMPACT FEE DEFERRAL PROGRAM rebr~ary 2'3 20GS FISCAL YEAR 2008 Page 3 of 4 FISCAL YTD IMPACT FEES DEFERRED Fee Description Owner Occuoied Rental/CWHIP Total ROADS $ 819,320.00 $ 596,160.00 $ 1,415,480.00 LIBRARY $ 52,381,98 $ 35,345.28 $ 87,727.26 JAIL $ 10,343.17 $ 5,583.97 $ 15.927.14 GOVERNMENT BUILDINGS $ 59,96740 $ 39,360,00 $ 99,32740 COMMUNITY PARKS $ 106,89743 $ 72.000.00 $ 178,89743 REGIONAL PARKS $ 235,68540 $ 159,264.00 $ 394,94940 SCHOOLS $ 477,511.00 $ 274,752.00 $ 752,263.00 EMS $ 14,034.13 $ 9,65664 $ 23,690.77 LAW ENFORCEMENT $ 24,956.85 $ 16,474.56 $ 41,43141 SEWER $ 323,525.00 $ . $ 323,525.00 WATER $ 311,860.00 $ - $ 311,86000 TOTAL DOLLAR AMOUNT EXCLUDING WATER/SEWER $ 1,801,097.36 $ 1,208,596.45 $ 3,009,693.81 TOTAL DOLLAR AMOUNT WATER/SEWER $ 635.385.00 $ - $ 635,385.00 TOTAL NUMBER OF UNITS 164 UNITS 96 UNITS 260 UNITS FUNDS REMAINING FOR ADDITIONAL DEFERRALS - FISCAL YEAR 2008 Owner Occupied Dwelling Units Impact Fees Excluding Water and Sewer $2,835,500.00 (FY08) . $1,801,09736 (Used) = $1,034,402.64 (Remaining) Water and Sewer Impact Fees $750,000.00 (FY08) - $625,385.00 (Used) = $124,615.00 (Remaining) Rental ApartmentfCWHIP 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 Lennar Homes. 28 Page I of I ,Agenda item No. 160 4 February 26, 20 8 Page 4 0 4 COLLIER COUNTY .. BOARD OF COUNTY COMMISSIONERS Item Number: 16D24 Item Summary: Report 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 lotal dollar amount deferred and the balance remaining for additional deferrals In FY08 Meeting Date: 2/26/2008 90000 AM Prepared By Frank Ramsey SHIP Program Coordinator Date Public Services Housing and Human Services 2/6/20089:44:54 AM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 2/8120089:27 AM Approved By Jeff Klatzkow Assistant County Attorney Date County Attorney County Attorney Office 2/11/2008 9:56 AM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 2f12i200811:~5AM Approved B~' OMS Coordinator Applications Analyst Date Administrative Services information Technology 2/13/2008 10:40 AM Approved By Sherry Pryor Management & BUdget Analyst Date County Manager's Office Office 0;' Management & Budget 2/15/20089:39 t,M Approved By Leo E, Ochs, Jr. Deputy County Manager Date Board of County Commissioners County Manager's Office 2!15/200811:34AM - file://C:\AgendaTest\Exoort\ I 0 I -Februarv%2026.%202008\ 16.%20CONSENT%20AGEND... 2/20/2008 -.--.- - -.__._"",,,,-- "----- '-.---