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Agenda 04/09/2024 Item #16F 7 (Immokalee Impact Fee Installment Payment Plan Agreement with Immokalee Fair Housing Alliance, Inc.)04/09/2024 EXECUTIVE SUMMARY Recommendation to approve and authorize the Chairman to sign an Immokalee Impact Fee Installment Payment Plan Agreement with Immokalee Fair Housing Alliance Inc., to allow $195,160.96 in impact fees to be paid over 30 years as a special assessment for 16 affordable Multi-Family Rental Units within the Immokalee Fair Housing Alliance RPUD Project. OBJECTIVE: To administer the Immokalee Impact Fee Installment Payment Program. CONSIDERATIONS: On July 11, 2017, the Board of County Commissioners (“Board”) adopted Ordinance No. 2017-34, which established the Program for the Immokalee Community Redevelopment Area (CRA). The Program provides an alternative to paying impact fees in full as a prerequisite to the issuance of a Certificate of Occupancy, a feepayer may pay their impact fees in installments rather than a lump sum by entering into an impact fee installment payment program agreement with Collier County which provides that the installment payments shall be by special assessment levied as non-ad valorem assessments against the subject property. On July 25, 2023, Agenda Item 10.A, the Board approved to extend the Program through September 2028, and to continue the program with a term of payments over 30 years, capping the Program inter est rate at 5% in order to be consistent with the interest rate utilized for the Countywide Impact Fee Deferral Program, and continue the waiver of any application fees for any new residential and commercial development. On October 14, 2023, Immokalee Fair Housing Alliance Inc. applied for the Immokalee Impact Fee Installment Payment Plan for a 16-unit multi-family rental housing unit project located on 2069 Corazon De La Comunidad Circle, Immokalee, FL, 34142, to allow for a total of $195,160.96 in deferr ed impact fees with a 5% interest rate to be paid through a special assessment levied as non-ad valorem assessments against the subject property over a 30-year term. County Staff, in consultation with County Attorney’s Office, determined that the applic ant is within the parameters of the program in accordance with Section 74-201(h)(2) of the Collier County Laws and Ordinances and the Board’s July 25, 2023 direction. The attached proposed Immokalee Impact Fee Installment Payment Plan Agreement with Immokalee Fair Housing Alliance Inc. effectuates the application and Program. The Immokalee Fair Housing Alliance RPUD project consists of a total 128 affordable multi -family rental units. This agreement is only related to the first of eight planned buildings. The remaining seven buildings are currently eligible and may also elect to participate in the Immokalee Impact Fee Installment Payment Program. FISCAL IMPACT: Fiscal impacts, both positive and negative, are presently unknown; however, the program will continue to be tracked for future reports to the Board. Under this Program, impact fees will be paid in full, with interest, over the period of thirty years. Participation in this Program is limited to properties within the Immokalee CRA and Program acti vity has not been notable to this point. However, in the event of a significant increase in Program applications, staff will provide the Board an update on associated staffing needs as well as impacts on the respective Impact Fee Trust Funds and capital projects. GROWTH MANAGEMENT IMPACT: Objective 2 of the Capital Improvement Element (CIE) of the Collier County Growth Management Plan (GMP) states: “Future development will bear a proportionate cost of facility improvements necessitated by growth” which is accomplished, in part by the payment of impact fees. The program provides for the payment of impact fees in installments. Additionally, Policy 1.9 of the Economic Element of the GMP provides: “Collier County, in response to the current and projected needs of its residents, will encourage a diverse mix of housing types, sizes, prices, and rents” and Objective 3 of the Economic Element states: “Collier County will support programs which are 16.F.7 Packet Pg. 1216 04/09/2024 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.” The program is continuing to be analyzed regarding allowing the payment of impact fees by an installment program, as a voluntary alternative to paying the fees in a single, up -front payment, will have a positive effect on both the costs of housing and economic growth, and is consistent with the goals and objectives of the Economic Element of the GMP as listed above. LEGAL CONSIDERATIONS: This item has been approved as to form and legality and requires a majority vote for Board approval. - DDP. RECOMMENDATION: To approve and authorize the Chairman to sign an Immokalee Impact Fee Installment Payment Plan Agreement with Immokalee Fair Housing Alliance Inc., to allow $195,160.96 in impact fees to be paid over 30 years as a special assessment for 16 affordable Multi -Family Rental Units within the Immokalee Fair Housing RPUD Project. Prepared by: Gino Santabarbara, Planner III Capital Project Planning, Impact Fees & Program Management Division ATTACHMENT(S) 1. Immokalee Impact Fee Installment Payment Plan Agreement (PDF) 16.F.7 Packet Pg. 1217 04/09/2024 COLLIER COUNTY Board of County Commissioners Item Number: 16.F.7 Doc ID: 28429 Item Summary: Recommendation to approve and authorize the Chairman to sign an Immokalee Impact Fee Installment Payment Plan Agreement with Immokalee Fair Housing Alliance Inc., to allow $195,160.96 in impact fees to be paid over 30 years as a special assessment for 16 affordable Multi-Family Rental Units within the Immokalee Fair Housing Alliance RPUD Project. Meeting Date: 04/09/2024 Prepared by: Title: Senior Grants and Housing Coordinator – Capital Project Planning, Impact Fees, and Program Management Name: Gino Santabarbara 04/01/2024 9:58 AM Submitted by: Title: Division Director - Capital Proj Plan, Impact Fees – Capital Project Planning, Impact Fees, and Program Management Name: Beth Johnssen 04/01/2024 9:58 AM Approved By: Review: Transportation Management Services Department Jeanne Marcella Transportation Management Services Department Completed 04/01/2024 10:23 AM Capital Project Planning, Impact Fees, and Program Management Ian Barnwell TMSD Reviewer Completed 04/01/2024 10:43 AM County Attorney's Office Derek D. Perry CAO Reviewer Completed 04/01/2024 2:33 PM Transportation Management Services Department Trinity Scott Transportation Completed 04/02/2024 5:21 PM Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 04/03/2024 8:14 AM Community & Human Services Maggie Lopez OMB Reviewer Completed 04/03/2024 8:16 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/03/2024 8:45 AM County Manager's Office Amy Patterson Level 4 County Manager Review Completed 04/03/2024 3:32 PM Board of County Commissioners Geoffrey Willig Meeting Pending 04/09/2024 9:00 AM 16.F.7 Packet Pg. 1218 16.F.7.a Packet Pg. 1219 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1220 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1221 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1222 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1223 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1224 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1225 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1226 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement 16.F.7.a Packet Pg. 1227 Attachment: Immokalee Impact Fee Installment Payment Plan Agreement (28429 : Immokalee Impact Fee Installment Payment Plan Agreement