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Agenda 03/12/2024 Item #16D 3 (Release of Lien for an Affordable Housing Density Bonus agreement)03/12/2024 EXECUTIVE SUMMARY Recommendation to approve and authorize the Chairman 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 a lien instrument subject to 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. The amount of the County Affordable Housing Density shall be paid as follows: β€œIn the event that we, our heirs, legal representatives, successors, or assigns sell the Property (including the land and/or the unit) within fifteen (15) years after the Original Purchase Date, at a sales price in excess of five percent (5%) per year of t he original purchase price, we, our 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.” The home met the affordability period and was sold on July 5, 2023. The following table provides details regarding the associated Affordable Housing Density lien instrument that has fulfilled the fifteen (15) year affordability period. As such, a release of liens is required. Name Purchase Date Purchase Price Public Record Affordability Period End Date Payoff Amount Claudia L. Lorelli 08/16/2006 $137,158.27 OR 4091/PG 3787 08/16/2021 $0 FISCAL IMPACT: There is no payoff required with this item. The recording fee will be paid out from the Affordable Housing Trust Fund (1077). LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote. -DDP 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 Chairman 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. Prepared By: Lisa N. Carr, Supervisor-Grants, Community and Human Services Division ATTACHMENT(S) 1. Claudia Lorelli-AHDB Backup (PDF) 2. ROL LORELLI CALUDIA Botanical Place Release of AHBD Lien - DDP (PDF) 16.D.3 Packet Pg. 897 03/12/2024 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.3 Doc ID: 27892 Item Summary: Recommendation to approve and authorize the Chairman 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: 03/12/2024 Prepared by: Title: Grants Coordinator – Community & Human Services Name: Lisa Carr 02/09/2024 8:30 AM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 02/09/2024 8:30 AM Approved By: Review: Public Services Department Vanessa Collier Additional Reviewer Completed 02/12/2024 7:08 AM Community & Human Services Kristi Sonntag CHS Review Completed 02/12/2024 11:58 AM Community & Human Services Donald Luciano Additional Reviewer Completed 02/12/2024 12:40 PM Operations & Veteran Services Jeff Weir OVS Director Review Completed 02/12/2024 3:06 PM Public Services Department Todd Henry Level 1 Department Review Completed 02/13/2024 2:37 PM Grants Erica Robinson Level 2 Grants Review Completed 02/14/2024 3:11 PM County Attorney's Office Derek D. Perry Level 2 Attorney Review Completed 02/14/2024 3:35 PM Public Services Department Tanya Williams PSD Department Head Review Completed 02/29/2024 7:36 AM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 02/29/2024 9:23 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 02/29/2024 10:19 AM Grants Therese Stanley OMB Reviewer Completed 03/01/2024 10:38 AM Office of Management and Budget Blanca Aquino Luque OMB Reviewer Completed 03/05/2024 1:49 PM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 03/05/2024 2:13 PM Board of County Commissioners Geoffrey Willig Meeting Pending 03/12/2024 9:00 AM 16.D.3 Packet Pg. 898 16.D.3.a Packet Pg. 899 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 900 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 901 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 902 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 903 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 904 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 905 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) 16.D.3.a Packet Pg. 906 Attachment: Claudia Lorelli-AHDB Backup (27892 : Affordable Housing Density Bonus) Prepared by: Lisa Carr Collier County Community and Human Services 3339 E. Tamiami Trail, Building H, #211 Naples, FL 34112 THIS SPACE FOR RECORDING RELEASE OF LIEN KNOW ALL MEN BY THESE PRESENTS: That Collier County, whose post office address is 3299 E. Tamiami Trail, Naples, Florida 34112, the owner(s) and holder(s) of a certain Lien Agreement for Affordable Housing Density Bonus (the "AHDB Lien") executed by Claudia L. Lorelli to Collier County, recorded on 08/21/2006_ in Official Records Book 4091, Page 3787, as well as that certain Lien Agreement executed by PJM Limited Partnership, LLLP to Collier County, recorded on 12/21/2005_ in Official Records Book 3952, Page 0425, both Liens being further referenced in that certain Warranty Deed executed by PJM Limited Partnership, LLLP to Claudia L. Lorelli, recorded on 08/21/2006_ in Official Records Book 4091, Page 3785 of the Public Records of Collier County, Florida, does satisfy, remise, release, quitclaim, exonerate and discharge the Affordable Housing Density Bonus Agreements against the premises conveyed more particularly described as follows: UNIT 105, BUILDING 6, BOTANICAL PLACE, A CONDOMINIUM, ACCORDING TO THE DECLARATION OF CONDOMINIUM THEREOF RECORDED IN OFFICIAL RECORDS BOOK 3933, PAGE 2592, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, TOGETHER WITH THE EXCLUSIVE USE OF CARPORT NO. CP-40. The undersigned is authorized to and does hereby satisfy and release these Liens with respect to the above-named property, and consents to these Liens being forever discharged of record with respect to said property. This Release of Lien was approved by the Board of County Commissioners on __________________, 2024 Agenda Item Number 16.D.______ ATTEST: BOARD OF COUNTY COMMISSIONERS CRYSTAL K. KINZEL, CLERK COLLIER COUNTY, FLORIDA By: ____________________________ By: ________________________________ , DEPUTY CLERK CHRIS HALL, CHAIRMAN Approved for form and legality: ____________________________ Derek D. Perry Assistant County Attorney CAO2/8/202416.D.3.b Packet Pg. 907 Attachment: ROL LORELLI CALUDIA Botanical Place Release of AHBD Lien - DDP (27892 : Affordable Housing Density Bonus)