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Ordinance 2025-32 ORDINANCE NO. 2025 - 3 2 AN AMENDMENT TO ORDINANCE NO. 2010-20, COMMONLY REFERRED TO AS THE INNOVATION ZONE ORDINANCE, BY REMOVING ANY CAP ON ANY EXISTING INNOVATION ZONE TRUST FUND; AUTHORIZING THE BOARD TO TRANSFER INNOVATION TRUST FUNDS TO THE GENERAL FUND UPON A FINDING THAT THE AMOUNT HELD IN THE FUND IS GREATER THAN THE ANTICIPATED NEED OF THE INNOVATION ZONE; PROVIDING FOR CONFLICT AND SEVERABILITY, PROVIDING FOR INCLUSION IN THE CODE OF LAWS AND ORDINANCES, AND PROVIDING AN EFFECTIVE DATE. BE IT ENACTED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY,FLORIDA: WHEREAS, it is the policy of the Board to promote economic growth which results in high wage jobs and helps diversify the economy of Collier County. To further this policy, by Ordinance 2010-20 the Board created a dedicated source of revenue to fund an economic development program and to advance economic development initiatives in zones of geographic concentration within the unincorporated areas of the County. These zones, called Innovation Zones, are designated by the Board from time to time through the implementation of Economic Development Plans adopted by resolution for each Innovation Zone; and WHERERAS,the Board wishes to remove any limits imposed on any existing Innovation Zone Trust Fund, including but not limited to the Golden Gate City Economic Development Zone created by Ordinance 2018-56; and WHEREAS,the Board wishes the ability to transfer funds held by Innovation Trust Funds to the General Fund, upon a finding that the amount held in the fund is greater than the anticipated need of the Innovation Zone. [25-EDC-00 133/1955289/1] 1, Now, therefore, be it ordained by the Board of County Commissioners of Collier County Florida, that: SECTION ONE. AMENDING SECTION SEVEN, PLEDGE OR APPROPRIATION OF TRUST FUNDS. Section Seven of Ordinance No. 2010-20 is hereby amended by adding the following provision: There shall be no limit on the amount of funds that can be held by Innovation Zone Trust Funds on Innovation Zones created any time under this Ordinance. The Board may transfer funds held by Innovation Trust Funds to the General Fund, upon a finding that the amount held in the fund is greater than the anticipated need of the Innovation Zone. SECTION TWO: CONFLICT AND SEVERABILITY. In the event this Ordinance conflicts with any other ordinance of Collier County or other applicable law, the more restrictive shall apply. If any phrase or portion of the Ordinance is held invalid or unconstitutional by any court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining portion. SECTION THREE: INCLUSION IN THE CODE OF LAWS AND ORDINANCES. The provisions of this Ordinance shall become and be made a part of the Code of Laws and Ordinances of Collier County, Florida. The sections of the Ordinances may be renumbered or relettered to accomplish such, and the word "ordinance" may be changed to "section," "article," or any other appropriate word. [25-CDC-00133/1955289/I] 2 SECTION FOUR: EFFECTIVE DATE. This Ordinance shall be effective upon filing with the Department of State. PASSED AND DULY ADOPTED by the Board of County Commissioners of Collier f4\ County, Florida, this 26 day of fivt)vS f- , 2025. ATTES"T.,N t% BOARD OF COUNTY COMMISSIONERS Crystal K. Kinizl, C4pito COLLIER COUNTY, FLORIDA of,'' r. : ,, .nh ^'� ,44 By: " By• a m /ItM ,',1;.ai �1X :IP 'tz leek Burt Saunders, Chairman Approve. .s 4t!4 � forB .. : _: ity: � Jeffrey A r . zko , C. my Attorney ! 1 25-EDC-00133/35 Thts ordihance flied wait the Sect of 5, ;.e's 'Yrf,,: ►;,; and ackrawIedgemen;2 that N.' received this day Tie ; .at -i vp- [25-EDC-00133/1955289/11 3 `, tl it ,,t(/ o , w + — l J il •t • FLORIDA DEPARTMENT Of STATE RON DESANTIS CORD BYRD Governor Secretary of State September 4, 2025 Crystal K. Kinzel Clerk of Court Collier County 3329 Tamiami Trail E, Suite #401 Naples,FL 34112 Dear Crystal Kinzel, Pursuant to the provisions of Section 125.66, Florida Statutes, this will acknowledge receipt of your electronic copy of Collier County Ordinance No. 2025-32, which was filed in this office on September 3, 2025. Sincerely, Alexandra Leijon Administrative Code and Register Director AL/dp R. A. Gray Building • 500 South Bronough Street • Tallahassee, Florida 32399-0250 Telephone: (850) 245-6270