Agenda 04/22/2025 Item #16L 2 (Redevelopment Agency (CRA) to bid on behalf of the County at one code enforcement lien foreclosure sale scheduled by the Clerk in COLLIER COUNTY, FLORIDA v. Katrix LLC, et al., Circuit Court Case No. 24-CA-2591)4/22/2025
Item # 16.L.2
ID# 2025-1195
Executive Summary
Recommendation to authorize a representative of the Collier County Community Redevelopment Agency (CRA) to bid
on behalf of the County at one code enforcement lien foreclosure sale scheduled by the Clerk in COLLIER COUNTY,
FLORIDA v. Katrix LLC, et al., Circuit Court Case No. 24-CA-2591, in an amount not to exceed the value of the
County’s in-house appraisal (approximately $65,000.00 for one parcel), and authorize necessary Budget Amendments.
OBJECTIVE: To obtain the Board’s authorization for a representative of the Collier County Community
Redevelopment Agency (CRA) to bid on one property to be sold at foreclosure sale (currently set for May 8, 2025), as a
result of a Final Summary Judgment of Foreclosure in favor of the County in Collier County, Florida v. Katrix LLC, et
al, Circuit Court Case No. 24-CA-2591.
CONSIDERATIONS: The County Attorney’s Office filed a foreclosure action on February 24, 2025, in relation to
code enforcement liens imposed against real and personal property owned by Katrix LLC; Summit Tax Partners LLC;
KCP INA LOAN 1 LLC; and any unknown person or claimants claiming an interest.
On February 24, 2025, the court entered a final summary judgment in the County’s favor, reciting a total sum due of
$549,437.85 under the lien, and directing the Clerk to sell the property in Collier County to satisfy the lien. A copy of
the order is included in the backup materials for this item. The County has incurred an additional $8,437.60 in statutory
interest and costs since the Judgment has been entered. The total amount due under the judgment lien is $557,875.45.
The May 8, 2025, public sale has been advertised and will be conducted in accordance with Florida law.
If approached strategically, the acquisition of this property presents a significant opportunity to advance multiple
redevelopment priorities. It supports housing and redevelopment initiatives by enabling the CRA to guide future land
use—particularly for affordable or workforce housing—in alignment with both the Immokalee CRA Redevelopment
Plan and the Collier County Strategic Plan.
Public acquisition also helps prevent speculative investment and blight by eliminating the risk of the parcel falling into
disrepair or being acquired by absentee investors. This ensures the property remains a positive contributor to
neighborhood stability. Furthermore, ownership allows the CRA to advance community-led visioning and maintain
control over land use, supporting projects such as mixed-income housing, infill development, or educational initiatives
driven by local partnerships.
The acquisition also directly aligns with the County’s goals to foster vibrant communities, promote quality growth, and
support economic mobility. Strategically controlling this parcel may facilitate further public and private investment in
infrastructure, housing, and community amenities, positioning it as a catalyst for broader revitalization.
One concept under consideration is a model similar to the Immokalee Foundation’s “Learning Lab” subdivision in
Immokalee, with potential collaboration with nonprofit or for-profit developers to create an education or workforce
housing hub.
This item was presented at the March 19, 2025, Joint CRA & MSTU Board Meeting for discussion and action. At that
meeting the Immokalee Local Redevelopment Advisory Board unanimously authorized County staff to place a bid up to
$62,560, reflecting the estimated market value. The Collier County Community Redevelopment Agency wants the
property for $62,560.
This item is not quasi-judicial, and approval of this item requires a simple majority vote.
By authorizing the CRA to bid on a lien foreclosure property, the County takes a proactive role in shaping future land
use to promote housing affordability, prevent blight, and support community-driven redevelopment. Public ownership
allows for strategic planning that aligns with the County’s goals for revitalization, stability, and equitable growth.
FISCAL IMPACT: This authorization will allow the County to bid an amount not exceeding the value of the County’s
in-house appraisal (currently $65,000.00). Costs will include a $70.00 fee for the sale, plus costs related to the recording
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4/22/2025
Item # 16.L.2
ID# 2025-1195
of title. Recording and related costs are to be paid from the Immokalee CRA Project Fund (1026). This fiscal impact will
likely be offset upon acquisition and/or sale of the properties. A budget amendment will be necessary to move funding
between projects within Fund 1026.
GROWTH MANAGEMENT IMPACT: There is no Growth Management impact associated with this Executive
Summary.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires a majority vote for Board
approval. - RTT
RECOMMENDATIONS: That the Board of County Commissioners (1) authorize a representative of the Collier
County Community Redevelopment Agency (CRA) to bid on the subject property as described herein; (2) accept and
authorize recording of title to the property, upon confirmation of the sale by the Clerk and issuance of a Certificate of
Title; (3) authorize staff to pay any fees, assessments, or expenses associated with the sale and recording of the
Certificate of Title; (4) authorize staff to take necessary measures to maintain, surplus, and sell the property in
accordance with state and local laws; and (5) authorize necessary budget amendments.
PREPARED BY: Christie Betancourt, CRA Assistant Division Director
ATTACHMENTS:
1. Katrix Final Judgment
2. 523 Eustis Ave - Parcel 65071520004 - Katrix LLC Property Details
3. Notification
4. BA 1026000000
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Filing # 217500802 E-Filed 02/25/2025 10:53:01 AM
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523 Eustis Ave (Howard Way)
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$ 0
$ 17,300
$ 160,000
$ 70,000
$ 50,000
$ 0
$ 0
$ 62,560
$ 0
$ 62,560
$ 43,802
$ 18,758
$ 62,560
$ 18,758
$ 440.69
$ 0
$ 440.69
Collier County Proper ty AppraiserProperty Summar y
Parcel ID 65071520004 Site Address*Disclaimer Site City IMMOKALEE Site Zone*Note 34142
Name / Address KATRIX LLC
6333 APPLES WAY STE 115
City LINCOLN State NE Zip 68516
Map No.Strap No.Section Township Range Acres *Estimated
2E09 532300 1 392E09 9 47 29 0.39
Legal PALMETTO PARK BLK 1 LOTS 39 + 40
Millage Area 148 Millage Rates *Calculations
Sub./Condo 532300 - PALMETTO PARK School Other Total
Use Code 0 - VACANT RESIDENTIAL 4.3132 9.1093 13.4225
Latest Sales Histor y
(Not all Sales are listed due to Confidentiality)
Date Book-Page Amount
07/22/18 5537-3598
11/16/15 5216-3759
12/27/00 2728-741
09/28/93 1869-368
12/01/86 1240-233
12/01/86 1240-232
08/01/85 1151-1692
2024 Certified Tax Roll
(Subject to Change)
Land Value
(+) Improved Value
(=) Market Value
(-) 10% Non-Homestead Cap
(=) Assessed Value
(=) School Taxable Value
(=) Taxable Value
Ad Valorem Taxes
(+) Non-Ad Valorem Taxes
(=) Total Taxes
Values are as of Januar y 1st each year. If all values are 0, this parcel was createdafter the Final Tax Roll.
Disclaimer : The actual total property taxes may vary due to changes in millagerates set by taxing authorities, the addition of non-ad valorem assessments, andspecial assessments. For the most accurate and up-to-date tax information,please visit the Collier County Tax Collector's office to see the final Tax bills.
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Collier County Proper ty AppraiserProperty Detail
Parcel ID 65071520004 Site Address*Disclaimer Site City IMMOKALEE Site Zone*Note 34142
Name / Address KATRIX LLC
6333 APPLES WAY STE 115
City LINCOLN State NE Zip 68516
Permits (Provided for reference purposes only. *Full Disclaimer. )
Tax Yr Issuer Permit #CO Date Tmp CO Final Bldg Type
1966 COUNTY 65-134
1987 COUNTY I87-128 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-130 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-131 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-132 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-133 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-134 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-135 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-136 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-139 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-276 08/11/87 MOBILE/MFG HOME
1987 COUNTY I87-277 08/11/87 MOBILE/MFG HOME
2020 COUNTY PRBD20190206921 03/18/19 03/15/19 DEMOLITION,MOBILE/MFG HOME
Land
#Calc Code Units
10 SQUARE FOOT 17000
Building/Extra Features
#Year Built Description Area Adj Area
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Collier County Proper ty Appraiser
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Collier County Proper ty Appraiser
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2885 Horseshoe Drive South, Naples, FL 34104 • Phone: (239) 252-8192
www.colliercountyfl.gov
Property Available for County Use
XXX Howard Way, Immokalee; f/k/a 523 Eustis Avenue, Immokalee
Collier County has initiated a foreclosure action on property located at XXX Howard Way, Immokalee;
f/k/a/ 523 Eustis Avenue, Immokalee, due to substantial code enforcement liens. As part of this process,
the property is scheduled for auction. Collier County has the opportunity to bid on this property for county
use. The County Attorney’s Office has recommended a starting bid of $14,686.88.
If your department or division is interested in this property, please respond directly to the County
Attorney’s Office, ATTN: Ron Tomasko, Assistant County Attorney as soon as possible, with a hard deadline
of: March 31st, 2025. The County Attorney’s Office will manage the bidding process and provide those
interested in the property with the necessary steps to initiate the process.
PROPERTY INFORMATION
Zillow listing: 523 Eustis Ave, Immokalee, FL 34142 | Zillow
Property Address: XXX Howard Way, Immokalee; f/k/a 523 Eustis Ave., Immokalee
Folio: 65071520004
Market Value (from Property Appraiser’s database): $62,560
Size: Estimated .39 acres
Zoning: VR
Water Service: Immokalee Water & Sewer District
Sewer Service: Immokalee Water & Sewer District
Prepared by: Grant Cox; Property Acquisition Specialist
Date: 3/04/2025
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