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Agenda 09/14/2021 Item #16F 8 (Board directed agreement w/Immokalee Foundation for the offset of development costs for the Career Pathways Learning Lab)09/14/2021 EXECUTIVE SUMMARY Recommendation to execute a Board-directed agreement with The Immokalee Foundation, to offset development costs on a housing subdivision for the Career Pathways Learning Lab, in the amount $500,000. OBJECTIVE: To approve the agreement directed by the Board to offset development costs from an eighteen (18) home subdivision underway in Immokalee to support The Immokalee Foundation’s Career Pathways Learning Lab. CONSIDERATIONS: At the July 13, 2021 Regular Meeting, the Board approved Item 16.F.10 directing the County Manager to develop an economic development agreement to offset $500,000 of development fees for the Foundation Way subdivision in Immokalee as part of the Career Pathways program for the Immokalee Foundation. Staff has worked with Immokalee Foundation staff to construct the attached agreement. FISCAL IMPACT: A grant totaling in the amount of $27,778 on each of the eighteen (18) homes in the Foundation Way subdivision will be paid upon issuance of a Certificate of Occupancy to offset development costs. Following Board approval in July, a budget amendment was directed from Economic Development Fund (007) to establish a project fund for the Foundation Way project. GROWTH MANAGEMENT IMPACT: This request is consistent with Objective 3 of the Economic Element of the Collier County Growth Management Plan which states: “Collier County will support programs which are designed to promote and encourage the recruitment of new industry as well as the expansion and retention of existing industries in order to diversify the County’s economic base.” LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality, and requires a majority vote for approval. -JAK RECOMMENDATION: To execute a Board-directed agreement with The Immokalee Foundation, to offset development costs on a housing subdivision for the Career Pathways Learning Lab, in the amount $500,000. Prepared by: Sean Callahan, Deputy County Manager ATTACHMENT(S) 1. Economic Development Agreement - Immokalee Foundation - Signed (PDF) 16.F.8 Packet Pg. 2952 09/14/2021 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.8 Doc ID: 19999 Item Summary: Recommendation to execute a Board-directed agreement with The Immokalee Foundation, to offset development costs on a housing subdivision for the Career Pathways Learning Lab, in the amount $500,000. Meeting Date: 09/14/2021 Prepared by: Title: – County Manager's Office Name: Sean Callahan 09/07/2021 11:38 AM Submitted by: Title: – County Manager's Office Name: Sean Callahan 09/07/2021 11:38 AM Approved By: Review: Corporate Business Operations Jennifer Reynolds Additional Reviewer Completed 09/07/2021 12:02 PM County Manager's Office Sean Callahan Additional Reviewer Completed 09/07/2021 4:28 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 09/08/2021 8:32 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 09/08/2021 8:35 AM Office of Management and Budget Susan Usher Additional Reviewer Completed 09/08/2021 4:48 PM County Manager's Office Sean Callahan Level 4 County Manager Review Completed 09/08/2021 5:11 PM Board of County Commissioners Geoffrey Willig Meeting Pending 09/14/2021 9:00 AM 16.F.8 Packet Pg. 2953 16.F.8.a Packet Pg. 2954 Attachment: Economic Development Agreement - Immokalee Foundation - Signed (19999 : Foundation Way) 16.F.8.a Packet Pg. 2955 Attachment: Economic Development Agreement - Immokalee Foundation - Signed (19999 : Foundation Way) 16.F.8.a Packet Pg. 2956 Attachment: Economic Development Agreement - Immokalee Foundation - Signed (19999 : Foundation Way) 16.F.8.a Packet Pg. 2957 Attachment: Economic Development Agreement - Immokalee Foundation - Signed (19999 : Foundation Way) 16.F.8.a Packet Pg. 2958 Attachment: Economic Development Agreement - Immokalee Foundation - Signed (19999 : Foundation Way)