Agenda 09/14/2021 Item #16D 8 (A release of Lien for an Affordable Housing Density Bonus Agreement)09/14/2021
EXECUTIVE SUMMARY
Recommendation to approve and authorize the chairperson to sign one (1) release of lien for an
Affordable Housing Density Bonus agreement for a unit that is no longer subject to the terms of the
agreement.
OBJECTIVE: To support the affordability of housing through the Affordable Housing Density Bonus
(AHDB) Program.
CONSIDERATIONS: Pursuant to Section 2.06 et seq. of the Collier County Land Development Code
(LDC), the identified homeowner executed an AHDB Agreement lien encumbering their property in the
Botanical Place community. The AHDB Program seeks to provide an incentive to construct affordable
housing units in Collier County.
If the borrower sells the property for less than the original sales price; there is no repayment obligation to
Collier County. If the borrower sold the property “in excess of five percent (5%) per year of the original
purchase price” and if there is an increase in appreciation of more than five percent (5%) per year, the
borrower would pay the County one-half of the excess of five percent (5%).
The following provision applies to the subject properties if sold or assigned within fifteen (15) years after
the original purchase date:
“at a sales price in excess of five percent (5%) per year of the original purchase price of $137,134, I, my
heirs, legal representatives, successors or assigns shall pay to Collier County an amount equal to one-
half of the sales price in excess of the five percent (5%) increase per year” (emphasis added).
In this case, while the sales price exceeded the purchase price, the sales price did not exceed the five
percent (5%) per year increase. Therefore, there is no repayment obligation to Collier County.
The table details the release of lien associated with this Item.
Name Purchase
Date
Purchase
Price
Public
Record
Sold Date Sold Price Payoff
Amount
Caroline A. Jarstad 06/26/2006 $137,134 OR4062/
PG 2217
06/29/2021 $142,500 $0
FISCAL IMPACT: There is no repayment obligation to the County. No additional Fiscal impact is
associated with the release of lien.
LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote
for Board of County Commissioners (Board) approval. -JAB
GROWTH MANAGEMENT IMPACT: The Affordable Housing Density Bonus program assists the
County in meeting some of its goals and objectives in the Housing Element of the Growth Management
Plan.
RECOMMENDATION: To approve and authorize the chairperson to sign one (1) release of lien for an
Affordable Housing Density Bonus agreement for a unit that is no longer subject to the terms of the
agreement.
16.D.8
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09/14/2021
Prepared By: Maria C. Aldana, Grant Support Specialist, Community and Human Services Division
ATTACHMENT(S)
1. AHDB ROL - Jarstad (PDF)
2. Backup ROL Docs - Jarstad (PDF)
16.D.8
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09/14/2021
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.D.8
Doc ID: 17641
Item Summary: Recommendation to approve and authorize the chairperson to sign one (1) release
of lien for an Affordable Housing Density Bonus agreement for a unit that is no longer subject to the
terms of the agreement.
Meeting Date: 09/14/2021
Prepared by:
Title: – Community & Human Services
Name: Maria Aldana
08/02/2021 5:07 PM
Submitted by:
Title: Manager - Federal/State Grants Operation – Community & Human Services
Name: Kristi Sonntag
08/02/2021 5:07 PM
Approved By:
Review:
Community & Human Services Lisa Carr Additional Reviewer Completed 08/02/2021 5:36 PM
Community & Human Services Jacob LaRow Additional Reviewer Completed 08/03/2021 6:50 AM
Community & Human Services Jose Alvarado Additional Reviewer Completed 08/10/2021 3:20 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 08/11/2021 3:04 PM
Community & Human Services Kristi Sonntag CHS Review Completed 08/13/2021 9:13 AM
Operations & Veteran Services Kimberley Grant Additional Reviewer Completed 08/16/2021 11:01 AM
Public Services Department Todd Henry Public Services Department Completed 08/16/2021 1:54 PM
County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 08/17/2021 10:59 AM
Grants Erica Robinson Level 2 Grants Review Completed 08/18/2021 12:02 PM
Public Services Department Dan Rodriguez PSD Department Head Completed 08/26/2021 9:24 AM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 08/26/2021 9:44 AM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 08/26/2021 12:53 PM
Grants Therese Stanley Additional Reviewer Completed 09/01/2021 1:14 PM
Office of Management and Budget Susan Usher Additional Reviewer Completed 09/02/2021 4:37 PM
County Manager's Office Geoffrey Willig Level 4 County Manager Review Completed 09/07/2021 11:38 AM
Board of County Commissioners Geoffrey Willig Meeting Pending 09/14/2021 9:00 AM
16.D.8
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Packet Pg. 2444 Attachment: AHDB ROL - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2445 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2446 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2447 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2448 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2449 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2450 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2451 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2452 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
AHDB PAYOFF ESTIMATOR (Version 1.1 04/26/19)
Date Format = mm/dd/yy
Enter Data in Yellow Cells AHDB Lien Recorded 06/28/06
Estimated Sales Date 06/29/21
Elapsed Days 5480
Elapsed Years 15.0
$137,134 Original Sale Price
$6,857 5% of Original Sales Price
$6,857 per year, times 15.0 years $102,945 Allowed Appreciation
+$137,134 Original Sales Price
$240,079 Max Allowable Sales Price
$142,500 New Sales Price
-$97,579 Difference in Max Allowable Sales Price and Sales Price
-$97,579 Excess Appreciation Above 5% per year
-$48,789.31 50% of Excess Appreciation due to County (if negative, no payoff due to County)
$0 Payoff Due to County
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Packet Pg. 2453 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2454 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2456 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2458 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2459 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2460 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2461 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)
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Packet Pg. 2464 Attachment: Backup ROL Docs - Jarstad (17641 : CooberatROL AHDB)