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Agenda 03/14/2023 Item #16A 4 (Terminate the Agreement with Summer Lakes Apartments II)16.A.4 03/14/2023 EXECUTIVE SUMMARY Recommendation to approve a Termination of Agreement Authorizing Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property for Summer Lakes Apartments II that has satisfied the terms of its affordability period. OBJECTIVE: To terminate the Agreement with Summer Lakes Apartments II which was authorized for Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property that have satisfied the terms of its affordability period. CONSIDERATIONS: To support the affordability of housing in Collier County and administer requirements of the Land Development Code, in 2004 the Collier County Board of County Commissioners (Board) approved an Agreement Authorizing Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property for the Summer Lakes Apartments II affordable rental development. The Agreement granted a density bonus of eight (8) units per acre, for a total resulting gross density of 15 units per acre and 303 apartment units. The Agreement carried a 15-year restriction requiring 100% of the units to be rented at rates affordable to low and very - low -income households. The final certificate of occupancy for the development was issued on March 12, 2007, and the developer has now met and completed the terms of its agreement. At this time, it is appropriate for the County to terminate this agreement. The Summer Lakes development's current affordability restriction with the Florida Housing Finance Corporation is not set to expire until 2037. So, while the terms of the County's restriction may have run their course, the state's restrictions will ensure that this development remains affordable for at least another fifteen (15) years. Approval of this item will authorize the Chairman to sign the Termination Agreement and the executed document shall be recorded in the Public Records of Collier County, Florida. FISCAL IMPACT: There is a recording fee of $27.00 at the expense of the developer as stated in the agreement. GROWTH MANAGEMENT IMPACT: There is no Growth Management impact. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval. -DDP STAFF RECOMMENDATION: To approve and authorize the Chairman to sign a Termination of Agreement Authorizing Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property for Summer Lakes Apartments II that has satisfied the terms of its affordability period. Prepared By: Chris Montolio Operations Support Specialist II, Economic Development and Housing Division. ATTACHMENT(S) 1. termination agreement.affordable housing density bonus (PDF) 2. SummerLakes_DensityBonus_Agreement (PDF) Packet Pg. 321 16.A.4 03/14/2023 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.4 Doc ID: 24546 Item Summary: Recommendation to approve a Termination of Agreement Authorizing Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property for Summer Lakes Apartments II that has satisfied the terms of its affordability period. Meeting Date: 03/14/2023 Prepared by: Title: — Growth Management Development Review Name: Chris Montolio 02/01/2023 8:57 AM Submitted by: Title: Environmental Specialist — Growth Management Department Name: Jaime Cook 02/01/2023 8:57 AM Approved By: Review: Growth Management Department Diane Lynch Growth Management Department Growth Management Development Review Cormac Giblin Growth Management Department Jaime Cook Division Director Capital Project Planning, Impact Fees, and Program Management Ian Barnwell Zoning Growth Management Department County Attorney's Office Office of Management and Budget County Attorney's Office Office of Management and Budget County Manager's Office County Manager's Office Board of County Commissioners Mike Bosi Additional Reviewer James C French Growth Management Derek D. Perry Level 2 Attorney Review Debra Windsor Level 3 OMB Gatekeeper Review Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Laura Zautcke Additional Reviewer Ed Finn CMO Completed Geoffrey Willig Level 4 County Manager Review Geoffrey Willig Meeting Pending Completed 02/01/2023 11:05 AM Additional Reviewer Completed 02/01/2023 11:35 AM Completed 02/03/2023 1:38 PM Additional Reviewer Completed 02/17/2023 8:43 AM Completed 02/22/2023 1:20 PM Completed 02/23/2023 5:33 PM Completed 03/02/2023 9:01 AM Completed 03/02/2023 9:22 AM Completed 03/02/2023 1:22 PM Completed 03/02/2023 6:55 PM 03/05/2023 6:27 PM Completed 03/06/2023 9:31 AM 03/14/2023 9:00 AM Packet Pg. 322 16.A.4. a Prepared by and Return to: Yisell Rodriguez, Esq. Nelson Mullins Riley & Scarborough LLP 390 North Orange Avenue, Suite 1400 Orlando, FL 32801 TERMINATION OF AGREEMENT AUTHORIZING AFFORDABLE HOUSING DENSITY BONUS AND IMPOSING COVENANTS AND RESTRICTIONS ON REAL PROPERTY This TERMINATION OF AGREEMENT AUTHORIZING AFFORDABLE HOUSING DENSITY BONUS AND IMPOSING COVENANTS AND RESTRICTIONS ON REAL PROPERTY (this "Termination") is entered into as of the 1 Oth day of August 2022 (the "Effective Date"), by COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS, a political subdivision of the State of Florida (the "Coup "). WITNESSETH: WHEREAS, SUMMER LAKES APARTMENTS II, LTD., a Florida limited partnership (the "Owner"), is the owner of that certain multi -family affordable housing development known as the Summer Lakes Apartments II (the "Improvements"), which is located on the land legally described in Exhibit "A" attached to and made a part of this Termination (the "Land"). The Owner holds fee title to the Land and the Improvements. The Land and the Improvements constructed thereon are collectively referred to in this Termination as the "Project". WHEREAS, the County and Benderson 85-1 Trust, WR-1 Associates, Ltd., and RB-3 Associates (prior owners of the Land) previously entered into that certain Agreement Authorizing Affordable Housing Density Bonus and Imposing Covenants and Restrictions on Real Property (the "Covenant Agreement'), which Covenant Agreement encumbers the Land and the Improvements. WHEREAS, the Covenant Agreement has terminated by its terms, but it requires a written agreement of termination by the County. NOW, THEREFORE, for and in consideration of the foregoing Recitals and other good and valuable consideration, the receipt of which is hereby acknowledged, the County does hereby terminate the Covenant Agreement and deem it of no further force and effect. [22-GRC-01367/ 1763746/2] Page 1 of 2 Packet Pg. 323 16.A.4.a IN WITNESS WHEREOF, County has executed this Termination as of the date and year first above written on this 28th day of February 2023. ATTEST: CRYSTAL K. KINZEL, Clerk Deputy Clerk Approved as to form and sufficiency: Derek D. Perry Assistant County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA Rick LoCastro, Chairman [22-GRC-01367/ 1763746/2] Page 2 of 2 Packet Pg. 324 16.A.4. a EXHIBIT "A" Legal Description The West One-half (1/2) of the Southwest quarter (1/4) of the Northeast quarter (1/4) of Section 30, Township 48 South, Range 26 East, Collier County, Florida. [22-GRC-0 1367/1763746/21 Page I of I Packet Pg. K5J 16.A.4. b AGREEMENT AUTHORIZING AFFORDABLE HOUSING DENSITY BONUS AND IMPOSING COVENANTS AND RESTRICTIONS ON REAL PROPERTY THIS AGREEMENT Is made as of the day of 2004, by and between Benderson 85-1 Trust, WR-I Associates, Ltd, R13-3 Associates, and/or their successors (the "Developer") and the Collier County Board of County Commissioners (the "Commission"), collectively, the 'Parties." RECITALS: A. The Developer is the owner of a tract of real property described as (See attached Legal Description) in Collier County, Florida (The 'Property") The legal and equitable owners include Benderson 85-1 Trust, WR-I Associates, Ltd., and RB-3 Associates . It is the Developers Intent to construct a maximum of up to 303 residential units (the "Units") at a density of 15 units per gross acre on the Property. The gross acreage of Property is 20.23 acres. The number of affordable Units constructed by Developer shall be up to 303, representing 100 percent of the total number of residential Units in the development. However, the developer in accordance with Section 7.6 of the Bosley PUD Ordinance may construct a lesser number of dwelling units provided the same percentage of low income, very low income, and very -very low Income housing units are developed. B. In order to construct the Units, the Developer must obtain a density bonus from the Commission for the Property as provided for in the Collier County Affordable Housing Density Bonus Ordinance No. 90-89, now codified by Ordinance 93-89, § 3, as Land Development Code (LDC) § 2.7.7., which density bonus can only be granted by the Commission and utilized by the developer in accordance with the strict limitations and applicability of said provisions. C. The Commission is willing to grant a density bonus to the Developer authorizing the construction of 162 bonus Units on the Property, If the Developer agrees to construct affordable Units as specified in this Agreement and the Developer covenants and agrees to use the affordable units only as rental property. NOW, THEREFORE, In consideration of the approval and granting of the density bonus of 8.0 units per acre requested by the Developer and the benefits conferred - thereby on the Property, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Developer and the Commission hereby covenant and agree as follows: i'I u61iclPau3ckIP6WA$rtemi Exhibit "B" Packet Pg. 326 1. Recitals. The above Recitals are true and correct and are incorporated herein by reference. 2. Developer Agreements. 'rhe Developer hereby agrees that it shall construct up to 303 affordable Units which Units shall be rented in accordance with the terms and conditions of this Agreement and as specified by the attached Appendix A, Exhibits A, l3, and C, which Appendix is incorporated by reference herein and constitutes a part of this Agreement. a, The following provisions shall be applicable to the affordable Units,: (1) Defined terms: In the event of a conflict between terms as defined in the LDC or in Ordinance No. 90-89, Section 4, the definitions of the LDC will control when appfying or interpreting this Agreement. In addition to these defined terms and the applicability of LDC § 2.7.7.4.5., "Phasing" shall mean (a) the phased construction of buildings or structures in separate and distinct stages as shown on a PUD master plan, subdivision masterplan or site development plan; or (h) in developments where phased construction is not depicted on a PUD master plan, subdivision master plan or site development plan, the construction of buildings or structures in a clearly defined series of starts and finishes that are separate and distinct within the development. (2) Base Rent. The monthly base rent for the affordable Units shall be in accordance with the rents specified in the attached Appendix A, Exhibit A. The monthly rent may be Increased each year from the date of this Agreement as long as the rent does not exceed one -twelfth (1112) of 30 percent of an amount which represents 50 percent (for very low income), and 60 percent (for low income) of the then applicable median adjusted gross annual income for the household as published annually by the U.S. Department of Housing and Urban Development for the area defined as the Naples Metropolitan Statistical Area (MSA). The foregoing notwithstanding, any rent charged for an affordable housing unit rented to a low income or very low income family shall not exceed 90 percent of the rent charged for a comparable market rate dwelling in the same or similar development. (3) Median Income. For the purposes of this Agreement, the median income of the area as defined by the U.S. Department of Housing and Urban Development (HUD) shall be the then current median income for the Naples Metropolitan Statistical Area, established periodically by HUD and published in the Federal Register, as adjusted for family size as shown on the tables attached hereto as Appendix A, Exhibit C, which Exhibit shall be adjusted from time to time In accordance with any adjustments that are authorized by HUD or any successor agency. In the event that HUD ceases to publish an established median income as aforesaid, the Parties hereto shall mutually Page 2 of 23 16.A.4. b w c a> E L a Q Y J L 0 E E c 0 E 0 0 Lai Q c 0 R c E L 0 t� to Iq Ln N c 0 E a> 0 L QI N c 0 m .y C 0 0 I 0 Y R J L 0 E E rn r c 0 E t 0 Q HaTublicTalricklPGWAgreerrenlsBFcrms4AtfHsgnVtHDSIAHBD Bosley (041404.1606)ADC Packet Pg. 327 1 ti.A.4.b agree to another reasonable and comparable method of computing adjustments in median income. (4) Eligibility and Qualification of Tenant. Family income eligibility is a three -step process: 1) submittal of an application by a prospective tenant; 2) verification of family housing rtnit provided under the affordable housing density bonus program prior to being qualified at the appropriate level of income (low or very low income) in accordance with this Section. The Developer shall be responsible for qualifying tenants by accepting applications from tenants, verifying income and obtaining income certification for all affordable units in the subject development. All applications, forms and other documentation required by this Agreement shall be provided to the Housing and Urban Improvement Director. Qualification by the Developer of any tenant as an eligible tenant family shall be subject to review and approval in accordance with the monitoring and enforcement program created and adopted by Resolution of the Commission in LDC §§ 2.7,7.5. and 2.7.7.6., respectively. (a) Application. A potential tenant shall apply to the developer, owner, manager, or agent to qualify as a low or very low income family for the purpose of renting and occupying an affordable housing rental unit pursuant to the affordable housing density bonus program. The Preliminary Application for Affordable Housing Unit shall be provided by the Housing and Urban Improvement Director as shown in Appendix B, Exhibit A, attached to this Agreement and incorporated by reference herein. (b) Income Verification and Certification. No affordable housing Unit in the development shall be rented to a tenant whose household income has not been verified 0 m r and certified in accordance with this Agreement and Ordinance No. 90-89, as amended, as a low or very low income family. Tenant income verification and m I certification shall be repeated annually to assure continued eligibility. 0 (c) Income Verification, The Developer shall obtain written verification from 0 J m the potential occupant (including the entire household) to verify all regular sources of E E Income (including the entire household). The most recent year's federal Income tax 0 return for the potential occupants (including the entire household) may be used for the m E purpose of Income verification, if attached to the Affordable Housing Applicant Income Verification form, which includes a statement to release information, tenant verification 0 Q of the return, and a signature block with the date of application. The verification shall be valid for up to ninety (90) days prior to occupancy. Upon expiration of the 90 day period, the information may be vernally updated from the original sources for an additional 30 Page 3 of 23 i ]APubI r_TatrickTGWAgroe mentsBForms yAjfHsgn�AHDBIAH8D Bosley (041404-1606).doc Packet Pg. 328 16.A.4. b days, provided It has been documented by the person preparing the original verification. After this time, a new verification form must be completed. The Affordable Housing Applicant Income Verification form shall be provided by the Housing and Urban c Improvement Director as shown in Appendix B, Exhibit B, attached to this Agreement E and incorporated by reference herein. a (d) Income Certification. Upon receipt of the Preliminary Application for w m Affordable Housing Unit and"Affordable Housing Applicant Income Verification form, the cc J Developer shall require than an income certification form be executed by the potential m E tenant (including the entire household) prior to rental and occupancy of the affordable E 3 housing unit by the tenant. Income certification shall assure that the'potential occupant y has a low or very low household income which qualifies the potential occupant as an E eligible family to rent and occupy an affordable housing unit under the affordable housing density bonus program. The Affordable Housing Applicant Income Certification 0 form shall be provided by the Housing and Urban Improvement Director as shown in Appendix B, Exhibit C, attached to this Agreement and incorporated by reference £ L herein. 4) (e) Rental Agreement. At a minimum, the rental agreement shall include the It following: N (i) name, address, and telephone number of the head of household and all a=) other occupants; E (li) a description of the unit to be rented; P L (ill) the term of the lease; (iv) the rental amount; Ni (v) the use of the premises; 3 (vi) monitoring and enforcement provisions, including disqualification of o tenant; and m (Vii) the rights and obligations of the parties. Random inspection of files containing required documentation to verify to o occupancy in accordance with this Agreement and Ordinance No.90-89, as amended, may be conducted by the Housing and Urban Improvement Director. J (5) Disqualification of Tenant, In the event that tenant qualification is not L °) E subsequently confirmed by the Housing and Urban Improvement Director or his 3 designee, then such tenant shall be required to vacate the affordable unit. If tenant vacation of the affordable unit Is the result of an error, omission or misrepresentation E made by Developer, tenant shall vacate the affordable unit within thirty (30) days and s r Developer shall pay penalties as provided by the monitoring and enforcement program. Q If tenant vacation of the affordable unit is the result of a misrepresentation made by the tenant, tenant shall vacate the affordable unit within 15 days and shall pay penalties as provided by the monitoring and enforcement program. Such eventuality shall be Page 4 of 23 H:SPublic%PairicklPGWAgreemenls&FormslAMIsgn\AHDE3WHBD Bosley (041404-1806).doc Packet Pg. 329 1 ti.A.4.b expressly detailed in the lease agreement between Developer and tenant. (6) Annual Progress and Monitoring Report. The Developer shall provide the Housing and Urban improvement Director an annual progress and monitoring report regarding the delivery of affordable housing rental units throughout the period of their construction, rental and occupancy. The annual progress and monitoring report shall, at a minimum, provide any information reasonably required to insure compliance with Ordinance No. 90-89 or subsequent amendments thereto. The report shalf be filed on or before September 30 of each year and the report shall be submitted. by the Developer to the Housing and Urban Improvement Director. Failure to complete and submit the monitoring report to the Housing and Urban Improvement Director within sixty (60) days from the due date shall result in a penalty of up to fifty dollars ($50.00) per day unless a written extension not to exceed thirty (30) days is requested prior to expiration of the sixty (60) day submission deadline. No more than one such extension may be granted in a single year. (7) Occupancy Restrictions. No Affordable Unit in any building or structure on the Property shall be occupied by the Developer, any person related to or affiliated with the Developer, or by a resident manager. 3. Density Bonus. The Commission hereby acknowledges that the Developer has met all required conditions to qualify for a density bonus, in addition to the base residential density of 7 units per acre, and is therefore granted a density bonus of 8 density bonus units per acre, for a total (total = density bonus units per acre X gross acreage) of 162 density bonus units, pursuant to Collier County Affordable Housing Density Bonus Ordinance No. 90-89, The Commission further agrees that the Developer may construct thereon, in the aggregate a maximum number of up to 303 units on the Property provided the Developer is able to secure building permit(s) from Coiner County. 4. Commission Agreement. During the term of this Agreement, the Commission acting through the Housing and Urban Improvement Department or Its successor(s) covenants and agrees to prepare and make available to the Developer any general information that it possesses regarding Income limitations and restrictions which are applicable to the affordable Unit. 5. Violations and Enforcement a. Violations. It shall be a violation of this Agreement and the Collier County Affordable Housing (Density Bonus Ordinance to rent, sell or occupy, or attempt to rent, sell or occupy, an affordable housing rental unit Provided under the affordable housing density bonus program except as specifically permitted by the terms of this Page 5 of 23 li:TubiicTalrlcktPGVJAgre rnenls&FormslArfHsgnWHDB\AHBD Bosfey (W464406),doc Packet Pg. 330 Agreement; or to knowingly give false or misleading information with respect to any information required or requested by the Housing and urban Improvement Director or by any other persons pursuant to the authority which is delegated to them by tho Ordinance. Collier County or its designee shall have full power to enforce the terms of this Agreement. The method of enforcement for a breach or violation of this Agreement shall be at the option of the Commission by criminal enforcement pursuant to the provisions of Section 125.69, Florida Statutes, or by civil enforcement as allgwed by law. b. Notice of Violation for Code Enforcement Hoard Proceedings. Whenever it is determined that there is a violation of this Agreement that should be enforced before the Code Enforcement Board, then a Notice of Violation shall be issued and sent by the Housing and Urban Improvement Director by certified return - receipt requested U.S. Mail, or hand -delivery to the person or developer in violation of the Ordinance. The Notice of Violation shall be in writing, shall be signed and dated by the Housing and Urban Improvement Director or such other County personnel as may be authorized by the Board of County Commissioners, shall specify the violation or violation, Section of this Agreement or of Ordinance No. 90-89 or subsequent amendments thereto violated, name of the Housing and Urban Development Director, and date and time when the violator shall appear before the Code Enforcement Board. C. Certificate of Occupancy. In the event that the Developer fails to maintain the affordable units in accordance with this Agreement or with Ordinance No. 90-89, as amended, at the option of the Commission, building permits or certificates of occupancy, as applicable, may be withheld for any future planned or otherwise approved unit located or to be located upon the Property until the entire project is in full compliance with this Agreement and with Ordinance No. 90-89, as amended. 6. Assignment by Commission. The Director of the Collier County Department of Financial Administration and Housing may assign all or part of its E E obligations under this Agreement to any other public agency having jurisdiction over the rn Property provided that It gives the Developer thirty (30) days advance written notice m thereof. The Developer may not assign, delegate or otherwise transfer all or part of its E duties, obligations, or promises under this Agreement to any successor in interest to the ;g Property without the express written consent of the Director of the Collier County Q Department of Financial Administration and Housing, which consent may be withheld for any reason whatsoever. Any attempt to assign the duties, obligations, or promises under this Agreement to any successor in interest to the Property without the express Page 6 of 23 H;\Public\PeErick1PGWAgreomen ls&FormstiAffHsgn\AHDBV%HBD Bosley (041404-1606).doc Packet Pg. 331 written consent of the Director of the Collier County. Department of Financial Administration and Housing as required by this Section shall be void ab irutio. 7. Severability. If any section, phrase, sentence or portion of this Agreement is for any reason hold invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct, and independent provision, and all other provisions shall remain effective and binding on the parties. B. Notice. Any notices desired or required to be given under this Agreement shall be in writing and shall either be personally delivered or shah be sent ay mail, Postage prepaid, to the parties at the following addresses: To the Commission: Housing & Urban Improvement Dept. 280C N. Horseshoe Drive Naples, Florida 34104 To the Developer: Benderson 854 Trust RB-3 Associates WR-1 Associates, Ltd. 8441 Cooper Creek Boulevard University Park, Florida 34201 Any party may change the address to which notices are to be sent by notifying the other m t— party of such new address in the manner set forth above. 9. Authority to Monitor. The parties hereto acknowledge that the Director of N Collier County Housing and Urban Improvement or his designee, shall have the m authority to monitor and enforce the Developer's obligations hereunder. m m 10. Indemnify. The Developer hereby agrees to protect, defend, Indemnify Q and hold Coliier County and its officers, employees, and agents harmless from and rnl 3 against any and all claims, penalties, damages, losses and expenses, professional o m fees, including, without limitation, reasonable attorneys fees and all costs of litigation r and judgments arising out of any claim, willful misconduct or negligent act, error or 0 omission, or iiabllity of any kind made by Developer, its agents or employees, arising yl m out of or incidental to the performance of this Agreement. J 11, Covenants. The Developer agrees that all of its obligations hereunder m E shall constitute covenants, restrictions, and conditions which shall run with the land and E rn shall be binding upon the Property and against every person then having any c ownership Interest at any time and from time to time until this Agreement is terminated. m E t in accordance with Section 14 below. However, the parties agree that If Developer e c� transfers or conveys the Property to another person or entity, leveloper shall have no Q further obligation hereunder and any person seeking to enforce the terms hereof shall look solely to Developer's successor in interest for the performance of said obligations Page 7 of 23 - — H:1PubliclPaWckTGWAgreemenlsBForms%AfiHsgn�AHDBIAHBD Bosley (041404-1606).doc Packet Pg. 332 16.A.4. b 12. Recording. This Agreement shall be recorded at Developer's expense in the official recerds of Collier County, Florida. 13. Entire Agreement. The parties hereto agree that this Agreement constitutes the entire Agreement between the parties hereto and shall inure to and be binding upon their respective heirs, successors, and assigns. 14. Termination. Each affordable housing unit shall be restricted to remain and be maintained as the type of affordable housing rental unit (low or very low income) designated in accordance with this Agreement for at least fifteen (15) years from the date of issuance of a Certificate of Occupancy for such unit. After fifteen (15) years this Agreement may terminate upon a date mutually agreed upon by the parties and stated in writing. 15. Modification. This Agreement shall be modified or amended only by the written agreement of both parties. 16. Discrimination, a. The Developer agrees that neither it nor its agents shall discriminate against any tenant or potential tenant because of said tenants race, color, religion, sex, national origin, familial status, or handicap. b. When the Developer advertises, rents, sells or maintains the co� affordable housing unit, it must advertise, rent, sell, and maintain the same in a non- _ a� discriminatory manner and shall make available any relevant information to any person aE) a� L who is interested in renting or purchasing such affordable housing unit. Qi G. The Developer agrees to be responsible for payment of any real c estate commissions and fees assessed in the rental or purchase of affordable units. ° m e. The affordable housing units shall be intermixed with, and not N c segregated from, the market rate dwelling units in the development. 0 i f. The square footage, construction and design of the affordable W housing units shall be the same as market rate dwelling units in the development. At( L physical amenities in the dwelling units, as described in item number seven (7) of the E Developer Application for Affordable Housing Density Bonus shall be the same for Cn market rate units and affordable units. For developments where construction takes a� place in more than one phase, ail physical amenities as described in item number E s seven (7) of the Developer Application for Affordable Housing Density Bonus shall be r the same in both the market rate units and the affordable units in each phase, units in Q a subsequent phase may contain different amenities t? an units In a prevlous phase so long as the amenities for market rate units and affordable units are the same within each phase and provided that in no event may a market rate unit or affordable unit in Page 8 of 23 HAPubllrTatrirX\PGWAgreamen1sBForms WfHsgMAHDB\AHBD Bosley (041404-1606)Aoc Packet Pg. 333 16.A.4. b any phase contain physical amenities less than those described in the Developer Application. 17. Phasing. The percentage of affordable housing units to which the Developer has committed for the total development sha€I be maintained in each phase and shall be constructed as part of each phase of the development on the Property. Developer commits to 100 percent affordable housing units for this project, with 100 percent of the units in each phase as built consisting of affordable units. 18. Disclosure. The developer shall not disclose to persons, other than the potential tenant, buyer or lender of the particular affordable housing unit or units, which units in the development are designated as affordable housing units. 19. Consistency. This Agreement and authorized development shall be consistent with the Growth Management Plan and land development regulations of Collier County that are in effect at the time of development. Subsequently adopted laws and policies shall apply to this Agreement and to the development to the extent that they are not in conflict with the number, type of affordable housing units and the amount of affordable housing density bonus approved for the development. 20. Affordable Housing Density Bonus Development Agreement. This Agreement is a distinct and separate agreement from development agreements as defined by Chapter 163.3220, Fla. Stat. (19B9) and as amended. 21. Preapplication. Developer has executed and submitted to the Development Services Director the Developer Application for Affordable housing Density Bonus, a copy of which is attached to this Agreement as Appendix C and incorporated by reference herein_ 22. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. 23. Further Assurances. The parties hereto shall execute and deliver, in recordable form If necessary, any and all documents, certificates, Instruments, and agreements which may be reasonably required in order to effectuate the intent of the Agreement. Such documents shall include but not be limited to any document requested by the ❑aveloper to exhibit that this Agreement has terminated in accordance with the provisions of paragraph 14 above. Pago 9 of 23 i%PuVIrTatrick%PGWAgfee mentsBForms %AffHsgnlAHnB4k-H—B6 Bosley (0414041806).doc Packet Pg. 334 16.A.4. b IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed as of the day and year first above written. ATTEST: DW GHT Ct Ufa.'''.' ; BOARD OF COUNTY COMMISSIONERS COLLIER C NTY, FLORID pep Cler':r v t Ura 8y: DO IA , Chairman' provedas to form and legal sufficiency: Patrick G. White Assistant County Attorney DEVELOPER: Benderson 85-1 Trust, RB-3 Associates, and WR-I Associates, Ltd. By. -T��SS E OF 6t.1tfERbo,-i 8�•-k '� +w?.-T,(UL of -K3 1•or_i ALS.St` Witnesses: tPRINT ND SIGN NAMES BELOW) 4L-(-C fl 4)A4 STATE OF FLOR A 1 COUNTY OF 6@L-L-IE) mPrrl R* w rn. ae� Est T of The foregoing Agreement Authorizing Affordable Housing Density Bonus And Imposing Covenants And Restrictions On Real Property was tnacknowledged before me -by 1�r11�1C!{�L1��j�AiCScs�7U>� nr(_ ►SAL �[d,.,/��.-Li�.U.S7'}--.F��'1�-O(�. _AIM -- wwr4E' on, A [tale nd 12*,0AN:f d QB __T--A-S)C. WITNESS my hand and official seal this 1-1� day of 2404, My Commission Expires: Notary Public .Qr A ►N Ca„na:.:on t or n ElOms WwCh 71 2WT Page 10 of 22 H:1PubliclPatdcklPGWAgreemenis&Forms\AffHsgnlAHDB1AHBD Bosley (041404-1006).doc Packet Pg. 5 APPENDIX A. EXHIBIT A NUMBER OF AFFORDABLE HOUSING UNITS/MONTHLY BASE RENTS NUMBER OF UNITS BASE RENT Single Multi Single Multi Family Family Family Family LOW INCOME. (60% MI) Efficiency I Bedroom 2 Bedroom 3 Bedroom 4 Bedroom TOTAL VERY LOW INCOME (50% MI) Efficiency 1 Bedroom Max Rent Utility Allow. Net Rent 69 ($942.00 - $82.00 = $860.00) 68 ($1089.00 - $ I 19,00 = $970.00) 137 2 Bedroom 76 ($785.00- $82.00 = $703.00) 3 Bedroom 75 ($907.00 - $119.00 = $788.00) 4 Bedroom TOTAL 151 VERY-VLRY LOW INCOME (40% MI) Efficiency 1 Bedroom 2 Bedroom in 3 Bedroom 5 ($628.00 - $82.00 - $546.00) 4 Bedroom ($726,00 - 3119.00 = $607.00) TOTAL 15 (1) Base residential density allowed in this development 7 units/acre. (2) Gross acreage 20.23. (3) Maximum number of affordable housing density bonus units allowed in this development pursuant to Section 7 Ordinance 90-89, 162 units/acres, (4) Gross residential density of this development (including afi'ordable housing density bonus units) 15 units/acre. (5) Percentage of affordable units pledged by the developer (as a percent of the total number units in the development) 100 %. Page 11 of 22 F,',f'ubllalPatrickSPGWAgreements&Forms%AtfHSgn%AHOBWHgD Bosley (041404-160B).doc Packet Pg. 336 APPENDIX A EXHIRIT B AFFORDABLE HOCJ$ING DENSITY BONUS RATING SYSTEM Section 7, Ordinance No. 90-89, provides for calculation of a density bonus for developers pledging to construct affordable units within their development. Included in this Exhibit B are instructions for and the tables with which to calculate the density bonus for a particular project, Exhibit C contains the current median income and acceptable rents for low and very low income households in Collier County. The affordable housing density bonus rating system shall be used to determine the amount of the affordable housing density bonus which may be granted for a development' based on household income level, number of bedrooms per affordable housing unit, type of affordable housing units (owner -occupied or rental, single-family or multi -family) and percentage of affordable housing units in the development. To use the affordable housing density bonus rating system, Tables A and B, below, shall be used, Tables A and B shall be reviewed and updated if necessary on an annual basis by the Hoard of County Commissioners or its designea, First, choose the household income level (moderate, low, or very low) of the affordable housing unit(s) proposed in the development, and the type of affordable housing units (owner -occupied or rental, single-family or multi -family, where applicable) to be provided, as shown in Table A. Then, referring again to Table A, choose the number of bedrooms proposed for the affordable housing unit(s). An affordable housing density bonus rating based on the household income level and the number of bedrooms is shown in Table A. After the affordable housing density bonus rating has been determined in Table A, locate it in Table B, and determine the percent of that type of affordable housing unit proposed in the development compared to the total number of dwelling units in the development. From this determination, Table B will indicate the maximum number of residential dwelling units per gross acre that may be added to the base density. These additional residential dwelling units per gross acre are the maximum affordable housing density bonus (AHDB) available to that development, Developments with percentages of affordable housing units which fall in between the percentages shown on Table B shall receive an affordable housing density bonus equal the lower of the two percentages it lies between plus 1/10th of a residential dwelling unit per gross. acre for each - additional percentage of affordable housing rental units in the development, For example, a development which has 24% of its total residential dwelling units as affordable housing units, and which has an affordable housing density bonus rating of "four" will receive an affordable housing density bonus (Al-IbB) of 4.4 residential dwelling units per gross acre for the development. Where more than one type of affordable housing unit (based on level of income and number of bedrooms shown in Table A) is proposed for a development, the affordable housing density bonus for each type shall be calculated separately in Table B. Alter the affordable housing density bonus calculations for each type of affordable housing unit have been completed in Table B, the affordable housing density bonus for each type of unit shall be added to those for the other type(s) to determine the maximum affordable housing density bonus available for the development. In no event shall the affordable housing density bonus exceed eight (8) dwelling units per gross acre. Page 12 of 22 H:1PubliclPaldcklPGWAgfeementsgFormslAffHsgnIAHDB4AHBD Bosley (041404-1606).doc Packet Pg. 337 16.A.4. b APPENDIX A, EXIIIBIT B AFFORDABLE HOUSING DENSITY BONUS RATING SYSTEM Please calculate your density bonus in the space provided below. Attach additional pages if necessary. TABLE A: AFFORDABLE HOUSING DENSITY BONUS RATING LEVEL NUMBER OF BEDROOMS/UN1T OF HOUSEHOLD ^ INCOME EFFICIENCY 2 3 OR AND I _ MORE MODERATE (OWNER -OCCUPIED, 0 1 * 1 SINGLE,FAMILY) LOW (OWNER -OCCUPIED OR RENTAL 2 SINGLE-FAMILY OR MULTI- FAMILY) VERY LOW (OWNER OCCUPIED OR RENTAL, SINGLE-FAMILY OR MULTI -FAMILY) 3 5 *For cluster housing developments in the Urban Coastal Fringe, add I density bonus to obtain 2. TABLE B: AFFORDABLE HOUSING DENSITY 130NUS (ADDITIONAL., AVAILABLE DWELLING UNITS PER GROSS ACRE) AFFORDABLE HOUSING %_OF AFFORDABLE HOUSING UNITS DENSITY BONUS RATING 10% 20% 30% 440% 0 0 l 2 2 0 1 2 3 3 2 3 4 5 4 3 4 5 ? 5 4 5 7 g Density Honus: 3:3 for 69 two -bedroom units 4:2 for 68 three -bedroom units, 4:8 for 86 very low two -bedroom units, and 5:6 for 80 three -bedroom units. Total bonus density of 17.9 equates to a density bonus of 8 dwelling units per acre. Page 13 of 22 i"PubIIclPairickIPGWAgreementsdFarme%AffHsgnlAHDBWiYD-ffo—iiey (041404-16M).doc to _ d E ra a Q rn M J L d E 3 E m L Q _ 0 �a d cc v LO I* N _ a: E m m L CM Q to I 3 _ 0 m .y _ m 0 I to d M J d E E 3 co r _ d E t v ra w Q Packet Pg. 338 16.A.4. b APPENDIX A EXHIBIT C INCOME AND RENT LEVELS FOR TILE LOW AND MODERATE INCOME. Pursuant to the Impact Fee Ordinances, adopted by the Board of County Commissioners, December 16, 1992, moderate income is 61% to 80% of the median income, low income is 51 % to 60% of the median income and very low income is less than 50% of the median income. MEDIAN INCOME, 2001 $65,000 Naples, MSA (Collier County) NUMBER OF MEMBERS IN FAMILY l 2 3 4 5 b 7. 8 100% 45,500 52,000 58,500 65,000 70,200 75,400 80,600 85,800 80% 36,400 41,600 46,800 52,000 56,150 60,300 64,500 68,650 60% 27,300 31,200 35,100 39,000 42,100 45,200 48,400 5t,500 50% 22,750 26,000 29,250 32,500 35,100 37,700 40,300 42,900 35% 15,925 18,200 20,475 22,750 24,570 26,390 28,210 30,030 25% 11,375 13,000 14,625 16,250 17,550 18,850 20,150 21,450 RECOMMENDED RENTAL RATES The Florida Housing Finance Corporation (FHFC) calculates rents to use in the State Apartment Incentive Loan (SAIL) and the Low�lncome Rental Housing Tax Credit (LIHTC) programs. The rents given below are based on 2001 data from FHFC. Utility costs are provided from the County's Section 8 Rental Assistance Program which is administered by the Collier County Housing Authority. HOUSING COSTS BASED ON 30016 FAMILY INCOME ONE BEDROOM TWO BEDROOMTHREE BEDROOMFOUR BEDROOM UNIT UNIT UNIT UNIT 100% 1,218 1,462 1,690 1,884 80% 975 1,170 1,351 1,507 60% 731 877 1,014 1,131 500/c 609 731 845 942 35% 426 511 591 659 25% 304 365 422 471 UTILITY ALLOWANCES ONE DIR TWO BIR THREE LI/R FOUR D/R LOCATION UNIT UNIT UNIT UNIT Naples and Coastal Collier County 71.00 91.00 128.00 156.00 Immokalee and East of Everglades Blvd. 67.00 I06.00 148.00 173.00 Golden Gate 96.00 144.00 186.00 211.00 YOU MUST DEDUCT UTILITIES TO CALCULATE NET RENTS fldensltybonusllnc&rent rev.4f0i Page 14 of 22 H;TubliclPatdckTGWAgreementsBFormsWfHsgn%AHDBtAHBD Bosley (041404.1606).doe Packet Pg. 339 r 16.A.4. b APPENDIX B, EXHIBIT A PRELIMINARY APPLICATION FOR AFFORDABLE HOUSING UNIT Date Occupancy Desired:. Date of Application: Amt. Of See. Deposit: - Your Name: Race/National Origin: Handicap: Yes _ No Co -Tenant Name Race/National Origin: I landicap: Yes_ No_ Present Address: Street City State Zip Telephone No. Name of Landlord _ I low Long at this Address: Landlord's Address: Street City State 'lip Telephone No. If you have resided at your present address less than 3 years, please state previous address: Street City State Zip Telephone No. Name of Previous Landlord Street City State Zip Telephone No. APPLICANT: Present Employers Name Address and Telephone No. How long with Present Employer: Job Title Gross Salary: Hourly S Weekly $ Every 2 Weeks S Monthly $__ SOciel Security Number Birth Date ---_ Previous Employers Name Address and Telephone Na. How long with Previous Employer Job Title CO -TENANT: Present Employers Name Address and Telephone No. How long with Present Employer: Job Title Gross Salary: Hourly $ Weekly $ Every 2 Weeks $_ Monthly Social Security Number Birth Date Previous Employers Name Address and Telephone No Page 15 of 22 H'nublIO PotdcklPGWAgreerttents&Form6WffHign\AHDB1AHBD 8091ey (041404-1606).doc Packet Pg. 340 16.A.4. b I How Iong with Previous Employer . Job Titic NAMFSOFALL WHOWILL. QCCIIPYAPARTMENT AIRTHDAU SEX Agg SOCIALSE .UHITI' 1. 2 3. PERSONAL REFERENCES of Relatives 1. game: Address: H6w Long Known: 2. Name; _ , Address: How Gong Known: Page 16 of 22 H:1PublfCAPatriOIPGWAgreaments&Forms\AffHsgn\AHDBUIH13D Bostoy (041404-1606).doe Packet Pg. 341 16.A.4. b APPENDIX BL_EXHIBTT B AFFORDABLE HOUSING APPLICANT INCOME VERIFICATION Date: Applicant's Nantes. Social Security Number Co -Tenant's Name:: Social Security Number Present Address: Street City State Zip 'Telephone No. I hereby make application for an apartment at Apartments. I hereby declare and reveal all of my sources of income. I am aware that to leave out, omit or fail to report my assets or forms of income from pensions, stocks, bonds, real property rent, sale or ownership is a fraudulent act punishable' by law. Knowingly falsifying information on this form is cause for refusal of occupancy. I hereby certify that this will be my permanent residence and that I have no other assisted housing. I understand that this infonnation is for the purpose of computing my annual income to determine my qualification to rent/buy an affordable housing unit. I understand that I am not required to surrender my ownership or rights or claimed property, pensions or capital gains, etc. Applicant Co -Tenant --r- Amount Frequency Amount Frequency Received of Pay Received of Pay Wages/Salary $ $ $ $ Bonuses $ _ $_ $ $ Tips $ $ $ $ Commissions Interest Income $ $ $ $ Trust Fund Income Unemployment Workman's Compensation $ $ $ $ Welfare $ $ $ $ Food Stamps $ $ $ $ Social Security $ $ $ $ Social Security Disability $_ $ $ $ Supplemental SSI $ Family Assistance $ $ $ $ Child Support $ $ $ $ Veterans Benefits $ $ $ T $ Widows Benefits $ $_ $ $ Union Pension $ _ $ $ $ Self -Employment Business, _ Silent Partner, etc. $ $ $ $ Private Insurance Pension $ $ $ $ TOTAL. ANNUAL INCOME $ $ THE VERIFICATION HERS REQUESTED MAY TAKE THE FORM OF THE MOST RECENT YEAR'S INCOME TAX RETURN •FOR EACH OCCUPANT WHO HAS FILED AND WILL OCCUPY THE AFFORDABLE UNIT. THE SAME MUST BE EXECUTED FOR EACH OCCUPANT OF ,THE HOUSEHOLD WHO CONTRIBUTED TO THE ANNUAL, HOUSEHOLD INCOME. FAILURE TO REPORT ALL SOURCES OF HOUSEHOLD INCOME WILL RESULT IN DISQUALIFICATION FOR TENANCY IN AFFORDABLE HOUSING UNIT. Page 17 V22 II tnubliclPatricklPGWAgreements&FormsVA fHsgn\AHDB1AHBD Bosley (00404-16DS).doc Packet Pg. 3 2::] 1 ti.A.4. b APPENDIX B. EXHIBIT H AFFORDABLE HOUSING APPLICANT INCOMEVERIFICATION APPLICANT; Present Employer; Job Title: _ Address; Street City State Zip hereby authorize the release of information requested (Applicant) on this verification form. STATE OF FLORIDA ) ) ss COUNTY OF COLLIER) The foregoing was acknowledged before me by Witness my hand and official seal this My Commission Expires: Signature of Applicant day of , 20DI Notary Public EMPLOYER VERIFICATION Applicant's Gross Annual Income or Rate or Pay: S Number of Hours Worked (Weekly): . Frequency of Pay: Amount of Bonuses, Tips, or other Compensation Received: $ $ Monthly STATE OF FLORIDA } Supervisor ) ss COUNTY OF COLLIER) The foregoing was acknowledged before me by Witness my hand and official seal this day of My Commission Expires: Notary Public �rrr�r� 2001. THE VERIFICATION HERE REQUESTED MAY TAKE THE FORM OF THE MOST RECENT YEAR'S INCOME TAX RETURN FOR EACH OCCUPANT WHO HAS FILED AND WILL OCCUPY THE, AFFORDABLE UNIT. Page 16 of 22 H:TubliolPoldekTGWAg(eements&Forms%Af(Hsgn1AHOBIAH13D 60sley (041404-1606).doc Packet Pg. 343 16.A.4.b APPENDIX C DEVELOPER APPLICATION FOR AFFORDABLE HOUSING DENSITY BONUS Pursuant to the requirements of the Collier County Affordable Housing Density Bonus Ordinance No. 90-89, Section 6.4, please complete this form and submit it with any accompanying documentation to the Development Services Director, 2800 North Horseshoe Drive, Naples, Florida 34104. A copy must also be provided to the Housing and Urban improvement Director. All items requested must be provided, Please state what zoning districts are proposed by the applicant, if any, on the property and the acreage of each; _20.23 acres of PUD zoning is proposed on now agricultural zoned property 2. Has an application for rezoning been requested in conjunction with the affordable housing Density bonus? XX Yes No If yes, state date of application ju1y/2003 and if the request has been approved, slate the Ordinance number 3. Gross density of the proposed development. IS units/acre. Gross acreage of the proposed development. 20.23 acres. 4. Are affordable housing density bonus units sought in conjunction with an application for a planned unit development (PUD)? —XX_ Yes No. If yes, please state name and location of the PUD and any other identifying information. The BosIcY PUD is propdsed for a multi-Lamily affordable housi roiect located south of Immokalee Road and west of 1-75 Section 30. Range 26 East and Township 48 5. Name of applicant ]3enderson 85-1 Trust. RB-3 Associates and WR I Associates, _Ltd. Name of land developer if not the same as Applicant: Benderson 13 -I Trust 1tB-3 Associates and 1VR-I Associates, Ltd. Page 19 of 22 H'ubfirlPatricklPGWAgreements&FormslAffHsgn\AHDI3AH 3p-t3oslay f041404-1606).doo Packet Pg. 344 6. Please complete the following tables as they apply to the proposed development. TABLE I Total Number of Units in Develonment Type of Owner Unit Rental Occupied Efficiency One Bedroom Two Bedroom 155 Three Bedroom 148 Other Bedroom TOTAL. 303 TABLE II Number of fford ble 14ousin nits Total Number of Proposed Use for 'Affordable units Density Bonus Units in Development Owner Owner Rental Oceu ie Rental Occupied MODERATE; INCOMP, (80% MI) Efficiency I Bedroom 2 Bedroom 3 Bedroom Other TOTAL LOW INCOME (60% MI) Efficiency I Bedroom 2 Bedroom 3 Bedroom 68 Other TOTAL�� Page 20 of 22 H:tF'ubffelPafrickTGWAgreemen[s&Forma AffHBgn%HDBxAHBq Bosley (041404.1908).doc Packet Pg. 345 Total Number of Proposed Use for Affordable Units Density Bonus in Development Units Rental Owner Rental Owner Occupied O. ecUpied VERY LOW INCOME (50% MI) Efficiency 1 Bedroom 2 Bedroom 76 _ 3 Bedroom 7 Other TOTAL 151 Total Number of Proposed Use for Affordable Units Density bonus in Development Units Rental Owner Rental Owner Occu iced Occupied VERY -VERY LOW INCOME (40% MI) Efficiency l Bedroom 2 Bedroom 10 3 Bedroom 5 Other TOTAL 15 7. Please provide a physical description of the affordable units by type of unit (moderate, low, very low income) and by number of bedrooms. Include in your description, for example, the square footage of each type of unit, floor coverings used throughout the unit (carpeting, tile, vinyl flooring); window treatments; appliances provided such as washer/dryer, dishwasher, stove, refrigerator; bathroom amenities, such as ceiling exhaust fans; and any other amenities as applicable. Attach additional pages, (See attachment,) . 8. Please supply any Other information which would reasonably be needed to address this request for an affordable housing density bonus for this development. Attach additional pages, Page 21 of 22 H"Public%PatHCkTGWAgreementsbForms lA(fHsgnlAHI)slAHSD- 6s'ley(041404.I6W).doc Packet Pg. 346 16.A.4.b Summer Cakes Apartment Phase Il and III The proposed development will incorporate a variety of design features and physical amenities that will ensure that the residents will be.provided a safe, comfortable and energy efficient living environment. The design features and physical amenities will contribute to an enhanced and improved quality of life for all those who choose to call Summer Lakes their home. In addition, the community will meet all building codes, Fair Housing Act and Americans with bisabilities Act Requirements. The proposed development will consist of a newly constructed apartment community, The development will consist of up to 303 apartment homes constructed in either one or two phases on approximately 20 acres. The property location is at the southwest comer of the intersection of Immokalee Road and I-75 in Napes, FL. The buildings will be a maximum height of four stories or 45 feet garden style. One building will house the clubhouse, which will include our management office, resident service coordinator, resident activities, and community services, with recreational amenities and a pool. Project amenities will include a custom designed outdoor pool, volleyball court, tot lot/playground, gazebo/picnic area, exercise room with appropriate equipment, computer room, adequate parking and attractive landscaping. Unit amenities will include wail -to -wall carpet, mini blinds, ceiling fans in all living and bedroom areas, full si7.e range, dishwasher, refrigerator, garbage disposal, cable TV hookup and central air. The apartments will also have adequate space and hook-ups for full size washer and dryers. The apartment homes are spacious as the two bedrooms are approximately 1,073 square feet and the three bedrooms are approximately 1,250 square feet. All units will have two full baths. It is anticipated that the community will offer several social services at no charge to the resident Page 22 of 22 H:IPub]iCXPalricklPGWAgreemants&FormslAffHr,gnWHDB1AHBD Bosley (041404.1806).doc Packet Pg. 347