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Agenda 2/14/2023 Item #10C (To help the Developer of the Golden Gate Golf Course Affordable Housing Project)10.0 02/ 14/2023 EXECUTIVE SUMMARY Recommendation that the Board consider waiving the requirement of payment of future Impact Fees by Rural Neighborhoods, Inc., the Developer of the Golden Gate Golf Course Affordable Housing Project, with the Impact Fee Trust Fund being made whole by General Funds or another County fund source. OBJECTIVE: To help the Developer of the Golden Gate Golf Course Affordable Housing Project complete the project as envisioned. CONSIDERATIONS: On November 10, 2020, the County and Rural Neighborhoods, Incorporated (the "Developer") entered into an Agreement to develop an approximately 25.5-acre tract of land on the former Golden Gate Golf Course for an Affordable Housing development (the "Project"). A long-term Ground Lease is currently being negotiated and should reach the Board in the near future. I am advised by the Developer that since 2020, the costs of construction, supplies and an increase in interest rates are making the Project as envisioned cost prohibitive. To assist the Developer in completing this Project, I am proposing that the County waive the Project's impact fees, with the Impact Fee Trust Fund being made whole by General Funds of another County funding source. FISCAL IMPACT: The estimated Collier County Impact Fees, for Phase I & Phase 11 of this project, are $5.7M. This estimate is based on several assumptions about size and scope of the project that may result in some variation in the final fee amount. The final calculation will be based on the information provided in accepted building permit applications and the impact fee rates in effect at that time. GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan related to this action. LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal issues at this moment, and requires majority vote for Board action or direction. -JAK RECOMMENDATION: That the Board consider waiving the requirement of payment of future Impact Fees by Rural Neighborhoods, Inc., the Developer of the Golden Gate Golf Course Affordable Housing Project, with the Impact Fee Trust Fund being made whole by General Funds or another County fund source. Prepared by: Commissioner Burt Saunders Date: February 14, 2023 Packet Pg. 184 10.0 02/14/2023 COLLIER COUNTY Board of County Commissioners Item Number: 10.0 Doe ID: 24265 Item Summary: Recommendation that the Board consider waiving the requirement of payment of future Impact Fees by Rural Neighborhoods, Inc., the Developer of the Golden Gate Golf Course Affordable Housing Project, with the Impact Fee Trust Fund being made whole by General Funds or another County fund source. (Sponsored by Commissioner Saunders) Meeting Date: 02/14/2023 Prepared by: Title: Legal Assistant — County Attorney's Office Name: Wanda Rodriguez 01/04/2023 10:13 AM Submitted by: Title: Commissioner District 3 — Board of County Commissioners Name: Burt Saunders 01/04/2023 10:13 AM Approved By: Review: Office of Management and Budget County Attorney's Office County Manager's Office Office of Management and Budget Office of Management and Budget County Manager's Office Board of County Commissioners Wanda Rodriguez Level 3 OMB Gatekeeper Review Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Ed Finn Additional Reviewer Debra Windsor Level 3 OMB Gatekeeper Ed Finn Additional Reviewer Amy Patterson Level 4 County Manager Review Geoffrey Willig Meeting Pending Skipped 01/04/2023 10:13 AM Completed 02/07/2023 3:29 PM Completed 02/08/2023 1:52 PM Completed 02/07/2023 3:35 PM Skipped 02/08/2023 1:52 PM Completed 02/08/2023 2:57 PM 02/14/2023 9:00 AM Packet Pg. 185