Resolution 1998-070
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RESOI.lITIO:'\l NO. IJ8_ ..l!L-
,\ RESOLUTION OF TilE HO,\RI) OF ('OllNTY
(:OMI\IISSIONERS. C'ol.l.u:n (,OLINT\'. FI.OlmM
AUTIIOIUZING TilE [)EFERI~AI. OF LlRRARY
SYSTF.l\J II\II'A(,T Fn:S.I',\RKS ANI> RI-:CRE,\TlO~..\1.
FAClUTIES II\II',H'T FEI-:S. ROAD 11\1I',\('"I" FEES.
WAT":R IMIlACT .....:ES. SE\\'Jo:I~ IMI'A('T FEES.
E1\IF.RGENCY !\IEDICAI. SERVICES 1l\II''\(T
FEES. AND F.DUCATlONAI. FACILITIES SYSTEl\1
II\JI>ACT n:F.S FOlt SAXON MANOR ISI.ES ,\I'AIU:\IE:'\TS.
A 124lJNIT ,\FFORDARU: RENTAl. II0LJSI:"iG
PROJF.CT. ANI> SUBORI>INATION OF I.IE:'i,
\VIIEI~E/'S. Collier ('ounly hus recognized and all em pled III address IhC' lack 01" ;ukqllall' and
ilffonlahle housing for moderate. low. ami very low incol1le hOllsehllltl~ in Collier COllllly alld
Ihe need for cre.lti\'e and inno\'Hli\'e rrogral1ls to assisl in the pmvision 01" slIch ,1l111sing hy
including se\'eml provisions in Ihe Collier COllnty Growth l\'I;lIwgCIllC'1l1 I'I:In. includillg:
ohjeeti....e 104. policy 1.4.1. ohjecli\'C' U, ro1icy 1.5.2. policy 1.5.3. policy 1.5A. pnlil'Y 1.5.5.
policy 1.5.6: ohject 1.6. policy UI.3: ohjectin: 2.1. policy 2.1.1. pnlil'Y ~.I.~. pojic~' 2.1....
policy 2.1.5, and policy 2.1.6 of the lIoLlsing I:lemenl: and
WIIEREAS. Saxon Manor Isl"5 Apartments II Limited Partnership will IlIllk,rtake thC'
de\'elopment of Saxon Munor Isles Apartmenls. iI one hundred mll( twC'nty-tiJIIr (I ~4) unit
..ffordahle rental housing communily on a sile locmed in Collier ('OUIlI)', Floridil, or \\hich
Saxon M..nor Isles Apartments" l.imiled Purtnershir is owner: .lI1d
WHEREAS. on Janu..ry 8. 1998,.111 uprlicalion wus liled wilh the (ounty AdministratM
lor the dclcrrul of Collier County impact fees for th" Sa.'\on Milnor IslC's t\pilnl11C'nl wnsiSlellt
with the requirements orthe COllllly imp.let fce ordinill1c~'s: ill1d
WHEREAS. in :accordance with Section ,'\04 01' the I.ihrary Syslelll Il11p.,cl Fe~'
Ordin.mce, Ordinance No. 88-97. as amended: SC'ction 4.05 or the P;lr!;s :Ind RC'crealional
Filcililies Impacl Fee Ordinance. Ordinance No. 88-%. as ilmended; Section 3.0-1 01" Ihe Road
Imp"cl Fee Ordinance, Ordinance No. 92-22, ilS mnended; Collier (Ollllty Ordin.IlII:'" 7'>io, ')().XC..
as amended. the Collier (ounty Water SYSICIll Impael pl.'e Ordinance: Collier ('llllnl~' Ordinance
No. 90-87, as amended. the Collier C'OllIllY Se\\ er System Impact Fcc Onlimlll\:C'; Section ...():'
of the Emer~ency Medicul ServicC's Syslelll Impacl Fcc Ordinancl.'. Ordiil.llll'l' :'ill. I) 1.'.71. ;IS
amended: and Section Hl5 of the Educational Facilities System In~pact Fcc ()rdil1:1l1l'l"
'Z .~
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Ordinance No. 92-33. liS nmcndell. illl .ll'plic.mt may ohtain a deferral of one hlllldrcd perccnl
(100%) of imp oct fees for a period of six (6) yenrs hy qualifying for said deferral; :Iml
WHEREAS. Saxon Manor Isles AI1arlments has qualified for an il1lp:ll'l I,-'~' lkknal
hased upon the following represent"tion:o; Illade by Smwn M"nor Isles "paI1m~'111~ II 1.1I1111~'d
P.lrlnership:
A, The Dwelling Unit shall he the penn"nent resilIence oflhe (leCllpanl!I~'llall1.
B. The household renting the Dwelling Unilmusl have .1 vcry IllW or In\\' incnm.: 1e,'.:1.
at the commencement of the leasehold allll duriltion thereol", i'S thai leml is delined in
lhe Appendices to the respective Impilct Fee Ordinances .md the 11l0nthly rent nlll~1 h.:
within the affordahle housing guidelines estahlished in the Append:':es 10 the
respcctive Impact Fce Ordinances.
C. The Dwelling Unit shall remain affordahle for at least Ii neen ( IS) ycar~ rl'lll1l IhC' d,lle
the certi licate of occupancy was issued.
I. The BOllrd of County Commissioners hereby authorized the defem11 hy ColliC'r ClIlIl1iy l,r the
following impact fees in the amOllnls listed helow for the one hundred amllwC'nty-I"llur (I ~~)
affordilble housing units to he developed hy Silxon M,lI1or Islcs ^pilrtl1lClllS II I.imited
Partnership as identified in Exhihit "A":
Ench Unit ll::U.Lniu
a) Lihrary System Impact Fees S 180.52 S 22.3S,: ~s
h) Road Impact Fees 952.00 II S.II~S.()O
c) Parks & Recrealion Impact Fees
Community Parks )l)lJ.OO 41)A 7(,.00
Regiomll P,lrks l71).OO 22.1%.01l
d) Emergency Services I 111 pm: I FC'es 2.0() 2~S.IHI
c) Scwer Impilcl Fecs I,).JO.OO 1 (,('.1 (,1l.00
I) Water Impact Fces 1)00.00 111,C100.00
g) School Impact Fees 827.00 Jl!.2..5-1 S. no
TOTAl. AMOUNT IMPACT FEF.S DF.FERRED S 592,Mtl.~8
2. A) In compliance with the provision of the Collier County impilcl t;:e l)rdinallcC's. Suxon
Manor Isles Apartments II Limited Partnership has demonstrated 10 the ('Oll.,ly that a
subordination or the County's rights. interests and lien is lleCcslklT)' 10 oblilj/l Jim.II":;/l!: ltlr Ih~'
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Saxon Manor Isles Apartment:o;. an "ffordahle housing project consisling 01" 1\1lC' hundrl'd and
twenty four multi-family dwelling units: nnd
B) In coml'lianee with the pro\'isioll!l of the impacl fee ordinances. the OWllcr will d~'li\cr 10
the ('ounly suhstitute eollmcral in the Ibml of cash un~1 a cash l'lIui\':lkn\ linancial
instrument p(lyahle to the ('ounty which logether will yield tll thC' CI1Ul1t)' the full ill111HIIlI
of the dcferrell impact fees, Le.. the sum or Fivc HUllllred Ninety T\\'ll Thlllls,md Six
lIundred and Sixty Dollar:o; and 48/100155')2,(1(,11.48) III the expiriltion "f thc pC'l'iod llf
the deferral, AUl:,tusI IS. 2004, i.e.. a United Stales TreaslIr)' Zero ('ollpon Bond which
will mature at the end of tile deren'al period, August 15.20114, am!. upon m;lllll'ilY. \\Ollld
yield an umounl equal to lhe al1lOllllt 01" thC' deferred fees. County CQ\'Clwntlo and ugrces
thai it will not negotiate the hond unless and until the deferred impact Ices hecome due
and payahle pursuant to the tenns of the Agreement for I OO'~';, Deli..rral ol'Col!!\.'r ('OUl1ly
Impact Fees and Ihal all moneys received hy negotiation "flhC' bUild sh.1I1 hc appliC'dlO
the payment of said deferred impacl fee ohligillion owillg hy Saxon :\ lalDr (sks
Apartments II Limitcd Partncrship.
(') The ('ounty hereby covenanls ilnd conscnts ill1d llgrees tllnt its rights, int\.'rests and lien
pursuanlto the Agreement shull he subordinatcU to the lien of the Mortgage alld Security
Agreement ("Mortgage", ill1d other documents executed hy OWl1cr in consitkrillion
thercwith from Saxon Manor Isles Apartments" Limited Pilrtnershir to Collier Counly
Housing Finance Authorily or other primoI)' lendcrs in rhe principal mllollnt 01" up to Six
Million Four Hundred Thollsand Dollars (S(I,400,OOO), plus ilccruC'd illlerC'st and all
advances authorized under the pro\'isions 01" such mortgages. Thc ('ounty \\"ill C'xcCllle
such subordination agreements (IS moy he re(lsonahly required hy s:lid ll1orlgagcc.,"
3. Defcrral of said impact fees is suhjC'cl to and contingent upon execution ;1Ilt! r\.'cord:llion
of an Agrccment for Dcfcrral ofC'ollier ('ounty Impact Fees which shnll he erl1cred Into
hctween thc applicant and Counly.
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This Rcsolution adoptcd ancr motion. sccond and majorily vote favoring same.
OATED:71~)'? J"P-
A TIEST:
Dwight E. Broek. cierk
4: "JC~~;f.~
Attest as to Chaf~n'
S'gnature on!]. S
Approvcd as 10 fonn and
legal sufficiency:
.
Heidi F. Ashton
Assistant County Attorney
jdlf/lllXonmunor/rcso
BOARD OF COUNTY COMMISSIO:--JERS
COLLIER COUNTY. FLOR IDA
BY:~~~~
Bar ra B. Berry. HII ,r-
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EXHIBIT
"AIt
SAXON HANOR ISLES APARTHENTS II
pI{Of"ErHY DES CRt? llm~
A PORTION or T'HE EAST 1{7. or ~c EAST '/2 Of' mE (....S I , /2 O.
r...c NORltiEA$T ,/" or SECTlON 6. TOVlUSHIP 50 sou rn. RANG~ 26
'AST, COu-IER COu",iY, rLORtClA, BnNG lJonj PARllCULARL Y
oeSCRIBED AS F"Oll OWS
c.:UMMENCE AT lHE: NORTIIEAS r COHN~ ~ or SECTION 6. TOWNS/W'" 50
SOiJTIi. R"'~GE. 26 EAST, COLLIER COUN1"l', f\..:lRIOA.; 't\IENCE RUH
S. OO'07'!)",. w., ALONG 'tHE EAST UNE Of' TIiE NORTHeAST
au"RTE:,1 OF SAID SCCllON 6, FOR A DISTANCE OF 59."" FEET TO A
POINT (IN nu: SOUTHERLY RIGHT-or-WAY liNE' CF RADIO ROA' (C.R.
856); llieNee CON1\NUE S, OO'07'~4" W., ALONG THe I:AST Lit;[:
or WE NORTHEAST CUARltR OF SAID SECTION G, rOI~ A DISTANCE
or jJGJ,79 rEn TC ~E POINT or ~.c.G!.I:frill~ Of THE. PARCI:L Of'
L,.,NO HEREIN DESCRIBED; THENCE CONTltW( 5.00'07'54- W., ALONG
rHt' EAST liNE or !'HI: NOR1i1E:AST OVAR T!k Of SAID SECT101~ G,
F'OR A DISTANCE 01=' '~95.06 FEET TO TtW EAST QUARltR CORNER
O~ SAtO SEC110'~ 6: n~ENCE RUN S 89'29'\:J- W., ALOtJG 'Ttl( so~m~
U~t. Of ll-i( NOR~E:AST a\JAR~R or 5AI:1 Sr.CTlON 6, f'OR A
DISTANce 37992 Fff'T TO 'Tl/C scun'....rsl CQRNEF< or TnE EA~T
HALF or T"'E. EASl HALF or THE (AST ~A~ r or ~E NORTi1EAsr
CUARTCR OF SAIU SECTION 6; n/l::p.cc I~U" t... 00'01'22- E., ALONC
THE "''CST I..INf o~ n.c EAST 1-i.A.1.F' or 1H!:: ~f.sr HA!J Of' nil. r.AST
HALF or lliE NOHniEAST QUARTEH Of SAID ~e:C1l0N 6. FOR A OISTANC::
or 125..00 FEET; Tl1ENC( nUN S. 1i9'S2'OS" E. FOR A DISTANCE OF
69.74 FUT; ~ENCE RUN S. oo'on:<4- W. FOR A LlISTANCE OF'
IO.CO F"EET; 'n;(NCC RUN S, 59'52'06- E. .OR .... D1S'TANCC OF'
203.00 (,(El; Tl-iENC~ nUN N. 00'07'54" (, fOR A DISTANCE OF
5S.(JO rCEl; THENCE: RUN S. 89'5i"CO- E. ran A DISTANCE OF
.~~..J!j rn T: lH~ Ncr I?\J~I N ()o.o.,.!,)~" L rr;'~ A DIST/.NCE ur
Ai' 78 Ffl';: IHCNCF. RUN r~. tl9'S7'Oti- Yo. r-H A DISH,IICE or
234,'3; .(IT. "H'IJ;r IJlI'J tI (lC'C~'2i- r. !:~il A DISTMJCr or
lG ')4 ~l! T. "":"<.T f<.J'.. ~. lj9'~,;n;G' ~ r';ri A (';I',;i!t.'ICr Of
'!!() ',} rrc I ';.[ W r 1~',I" '.;. 00'::' '-,4" to !',. l. f,:'~ r ,',~'ICr. '")1
i'~'i : III rr.c:~ -"!"r.cr P~)'. ') u'r':,:i' (~.. i "'~...: I. ~)l';! ~t.\.:. ()~
7~ }~ f~r' ": IHf ::(_;lj;_o)':_;;::';':I:!:;!':';';~.
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