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Agenda 06/10/2025 Item #16A 8 (BA in the I-75 & Collier Boulevard Innovation Zone Fund for the 1st Amendment contribution Agreement w/Uline Corp c/o City Gate Naples, LLC)6/10/2025 Item # 16.A.8 ID# 2025-1508 Executive Summary Recommendation to approve a Budget Amendment in the I-75 and Collier Boulevard (951) Innovation Zone Fund (1031) reallocating Reserve Funding for the First Amendment to the Contribution Agreement with Uline Corporation c/o City Gate Naples LLC (Uline) in the amount of $557,874.90. OBJECTIVE: To reimburse Uline for landscaping, conduits, and shade structure constructed for the County. CONSIDERATIONS: The Board of County Commissioners (BCC) approved the First Amendment to the Contribution Agreement (6-14-2022 Item 16. C.3), providing that the County would reimburse Uline its actual costs of up to $575,000 for landscaping, conduit, and shade structures built upon land dedicated to the County. Uline submitted a reimbursement request on April 2, 2025, for the actual sum of $557,874.90. The sum is comprised as follows: • Invoice for $526,251.90 (for landscaping, grade and fill, conduit) • Invoice for $31,623.00 (for shade structure increase) This item is consistent with the Collier County strategic plan objective to encourage diverse economic opportunities by fostering a business-friendly environment. FISCAL IMPACT: A Budget Amendment is required in the amount of $557,874.90 for Fund (1031) I-75 and 951 Innovation Zone to pay the Uline invoice. GROWTH MANAGEMENT IMPACT: Consistent with Objective 3 of the Economic Element of the Collier County Growth Management Plan. LEGAL CONSIDERATIONS: This item has been reviewed by the Country Attorney and is approved as to form and legality and requires a majority vote for approval. -JAK RECOMMENDATIONS: To approve a Budget Amendment for the I-75 and 951 Innovation Zone to Fund (1031) in the amount of $557,874.90, reallocating Reserve Funding for the First Amendment to the Contribution Agreement with Uline Corporation c/o City Gate Naples LLC (Uline). PREPARED BY: Cormac Giblin, Division Director, Housing Policy & Economic Development ATTACHMENTS: 1. BA $ from reserves to 138383 Uline Page 621 of 2218