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Agenda 11/12/2024 Item #16D 3 (Chairmna to sign one Release of lien for Payment in Full - 100% for owner-iccupied affordable Housing Dwellings)11/12/2024 Item # 16.D.3 ID# 2024-1610 Executive Summary Recommendation to approve and authorize the Chairman to sign one Release of Lien for full payment in the amount of $12,676.32 pursuant to the Agreement for Deferral of 100% of Collier County Impact Fees for owner-occupied Affordable Housing Dwellings. OBJECTIVE: To support the County’s affordable housing community development strategic objective utilizing the Impact Fee Deferral program. CONSIDERATIONS: Pursuant to Article IV of Chapter 74 the Collier County Code of Ordinances, the County may defer the payment of the impact fees for any new owner-occupied unit which qualifies as affordable housing. Section 74-401(a)(3) of the Code of Laws authorizes the County Manager to enter into an impact fee deferral agreement with the developer, homeowner or applicant. The deferred impact fees shall be a lien on the property, and the agreement shall be accepted by the County in lieu of prompt payment of the impact fee that would otherwise be due and payable. In this case, the impact fee became due upon the developer’s transfer of the property to a family that does not qualify for the deferral. Therefore, the developer has paid the deferred impact fees. The following table details the associated deferral agreement that has been repaid in full. As such, satisfaction of lien is required. File # Recorded Date OR Book/ Page Legal/Address Developer/ Owners Name Amount of Lien FY24-03 3/8/2024 6337/550 Kaicasa Phase One Lot 38 Habitat for Humanity of Collier County, Inc. $12,676.32–Original Lien $12,676.32 Total Paid FISCAL IMPACT: A total of $12,676.32 was paid to Collier County into the appropriate impact fee trust funds. The total amount of $12,676.32 in impact fees paid. A recording fee of $10 per Release of Lien has been paid by the party and deposited in the general fund (0001) Cost Center (155930). GROWTH MANAGEMENT IMPACT: The Impact Fee Deferral program assists the County in meeting some of the Housing Goals and Objectives in the Growth Management plan. LEGAL CONSIDERATIONS: This item is approved for form and legality and requires a majority vote for Board approval. - CJS RECOMMENDATIONS: To approve and authorize the chairman to sign one (1) Release of Lien for full payment in the amount of $12,676.32 pursuant to the Agreement for Deferral of 100% of Collier County Impact Fees for Owner occupied Affordable Housing Dwellings. PREPARED BY: Michelle Rubbo, Grants Support Specialist II, Community and Human Services Division ATTACHMENTS: 1. CWIF ROL stamped 2. FY 24-03 CWIF BACKUP Page 2995 of 5419 Page 2996 of 5419 Page 2997 of 5419 Page 2998 of 5419 Page 2999 of 5419 Page 3000 of 5419 Page 3001 of 5419 Page 3002 of 5419