Agenda 04/25/2023 Item #11C (To implement the Developer Agreement in furtherance of the development of Essential Services Housing at the former Golden Gate Golf Course)04/25/2023
EXECUTIVE SUMMARY
Recommendation to approve Collier County Standard Form Long-Term Ground Lease with Rural
Neighborhoods, Inc., to develop Housing at the former Golden Gate Golf Course and authorize necessary
budget amendments. (Companion to items 11B & 11D)
OBJECTIVE: To implement the Developer Agreement in furtherance of the development of Essential Services
Housing at the former Golden Gate Golf Course.
CONSIDERATIONS: On December 13, 2019, the County publicly advertised ITN No. 20-7698. On June 9,
2020, the Board selected Rural Neighborhoods, Inc. (Rural Neighborhoods), and directed staff to begin
negotiations. On November 10, 2020, the Board approved the negotiated Developer Agreement. A companion
item to this item is an amendment to the Developer Agreement. The Collier County Standard Form Long-Term
Ground Lease (“Lease”) is consistent with the developer agreement, as amended.
Notable terms:
1) Nominal rent of $10, 99-year term lease of 23.36 acres at former Golden Gate Golf Course.
2) Development to be phased between the Essential Workers Housing and Senior Housing with
Rural Neighborhoods required to submit plans, specifications and building design to County for
approval.
3) Rural Neighborhoods to provide a timeline of anticipated schedule for each Phase to
County.
4) County may terminate the Lease if Rural Neighborhoods cannot secure a financial
commitment for the initial phase within 6 months from the latter of the effective date of Lease or
the effective date of the PUD approval.
5) Rural Neighborhoods is required to diligently pursue construction and complete
construction within 30 months from the commencement of construction.
6) Rural Neighborhoods may assign lease without written consent to a single purpose entity who is an
affiliate with notice to County. Renaissance Hall at Old Course LLC is the new entity and Rural
Neighborhoods grant funding is being pursued in that entity name.
As originally provided, deadlines may be extended at the discretion of the County Manager or designee up to six
months, without the necessity of obtaining approval of the Board of County Commissioners.
Unit Breakdown in Exhibit “B”
Rural Neighborhoods will build at least 350 units as originally set forth in the Developer Agr eement. The Essential
Services Personnel units will continue to be rented as originally approved with priority given to two tiers of
Essential Service Personnel. Tier 1 will include individuals who work in the Healthcare, Education, and Emergency
Services sectors; Tier 2 will include Government employees.
FISCAL IMPACT: The recommended long-term ground lease with Rural Neighborhoods involves 23.36 acres of
the former Golden Gate Golf Course for a nominal annual rent of $10. The County's investment into the subject
property is roughly $5.5 million considering the cost of the land and zoning work required for the property. As
provided when the Developer Agreement was approved on November 10, 2020, funding for the acquisition of the
land and/or debt service on same is planned to come from the Infrastructure Sales Surtax Fund.
Once this project is validated by the Infrastructure Surtax Tax Committee, a budget amendment is needed in the
Infrastructure Sales Tax Fund (318) to reimburse the Park’s Impact Fee F und (346) $855,684 for a portion of the
initial cash outlay plus 4 years of debt service payments. Budget will be established in FY24 thru FY30 for annual
debt service payments from the Infrastructure Sales Tax Fund (318), approximate amount is $4.1 million over 7
years.
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GROWTH MANAGEMENT IMPACT: Providing land for the development of housing that is affordable assists
the County in addressing some of the goals and objectives of the Housing Element in the Growth Management
Plan.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and
legality and requires a majority vote for Board action. -JAK
RECOMMENDATION: To approve Collier County Standard Form Long-Term Ground Lease with Rural
Neighborhoods, Inc., to develop housing at the former Golden Gate Golf Course and authorize the necessary budget
amendments to move funding from Infrastructure Sales Tax Fund to Park’s Impact Fee Fund after the Infrastructure
Sales Tax Committee validates the project.
Prepared By: Cormac Giblin, Interim Director Economic Development and Housing Division
ATTACHMENT(S)
1. GROUND LEASE RURAL NEIGHBORHOODS WITH EXHIBITS 4.18.23 (PDF)
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COLLIER COUNTY
Board of County Commissioners
Item Number: 11.C
Doc ID: 25115
Item Summary: *** This item to be heard no sooner than 2:30 PM. *** Recommendation to approve Collier
County Standard Form Long-Term Ground Lease with Rural Neighborhoods, Inc., to develop Housing at the
former Golden Gate Golf Course and authorize necessary budget amendments. (Companion to items 11B & 11D)
(Cormac Giblin, Economic Development and Housing Division Director)
Meeting Date: 04/25/2023
Prepared by:
Title: – Facilities Management
Name: Paula Brethauer
04/18/2023 5:40 PM
Submitted by:
Title: – Facilities Management
Name: John McCormick
04/18/2023 5:40 PM
Approved By:
Review:
Facilities Management Geoffrey Willig Director - Facilities Skipped 04/19/2023 11:37 AM
Growth Management Development Review Cormac Giblin Additional Reviewer Completed
04/19/2023 11:53 AM
Facilities Management Jennifer Belpedio Manager - Real Property Completed 04/19/2023 1:41 PM
County Manager's Office Ed Finn Additional Reviewer Skipped 04/19/2023 12:44 PM
Community & Human Services Maggie Lopez Additional Reviewer Completed 04/19/2023 1:52 PM
Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 04/19/2023 1:57 PM
Office of Management and Budget Christopher Johnson Additional Reviewer Completed 04/19/2023 2:06 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/19/2023 2:24 PM
County Manager's Office Ed Finn Level 4 County Manager Review Completed 04/19/2023 5:45 PM
Board of County Commissioners Geoffrey Willig Meeting Pending 04/25/2023 9:00 AM
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