Agenda 11/10/2025 Item #16A 9 (The Chair to execute a Second Amendment to the Economic Development Agreement with PFPI OZ, LLC)11/10/2025
Item # 16.A.9
ID# 2025-4306
Executive Summary
Recommendation to approve and authorize the Chair to execute a Second Amendment to the Economic Development
Agreement with PFPI OZ, LLC (Pikus), to amend sewer and drainage verification provisions, and recognize the
developer’s address change.
OBJECTIVE: To attract and retain qualified targeted industry businesses, foster economic development, and encourage
redevelopment and renewal of the commercial district along Golden Gate Parkway, pursuant to Ordinance No. 2018-56,
as amended, the Golden Gate City Economic Development Ordinance.
CONSIDERATIONS: Golden Gate Palmetto Lot 2 (PID 45999300067) was purchased by Pikus to construct its
corporate headquarters in the Golden Gate City Economic Development Zone. The proposed project "CENTRO" will be
Golden Gate City’s first Class-A, 2-story commercial, office headquarters, and restaurant project to utilize the Qualified
Opportunity Fund, and is anticipated to generate 175 jobs. Construction is underway at the site, which currently employs
14 construction employees/contractors, some from the local area.
On May 9, 2023, the Board approved an Economic Development Agreement (EDA) with Pikus for the proposed project
‘CENTRO” allowing for the reimbursement of up to $788,878.56 in actual expenditures for sanitary sewer, drainage,
impact fees, and building permits for constructing a mixed-use development headquarters in the Golden Gate City
Economic Development Zone (Agenda Item 11.C).
On October 22, 2024 (agenda item 16.A.1), the Board amended the EDA to reallocate funding to better facilitate
economic development in Golden Gate City, with the total amount authorized remaining unchanged.
The understanding of the Agreement with Pikus was to reimburse them for the sewer and drainage, as those were
satisfactorily installed. However, the language in the 1st amendment to the EDA, paragraphs 2.2a and 2.2b, requires that
the sum for payment be verified as final in CityView. This CityView verification requires Utilities Final Acceptance and
Final Site Acceptance, which are completed at or near the end of construction. County Staff conducts regular spot
inspections of utilities and drainage as they are installed, and these inspections can serve as verification under this
Agreement.
It is therefore recommended in paragraph 2 of the proposed Second Amendment to the CENTRO EDA that paragraphs
2.2a and 2.2b of the Amendment be amended to delete the term ‘when verified as final by the County in the online
CityView application’ and insert ‘when verified to be substantially complete by the County with a utility spot
inspection’. This maintains the County’s oversight whilst not delaying payment to reimburse the developer for expenses
already incurred, with the understanding that reimbursement will be made upon satisfactory installation.
Also, during the construction phase, Pikus changed its office address, and paragraph 3 of the proposed Second
Amendment to the EDA deletes the old address and inserts the new one.
This item is consistent with the Collier County strategic plan objective to encourage diverse economic opportunities by
fostering business-friendly environment.
FISCAL IMPACT: No new funding will be allocated as a result of this amendment. Pikus will receive a
reimbursement of up to $788,878.56, from Fund 1032 which would only be distributed upon the receipt of sufficiency,
as identified in the Economic Development Agreement.
GROWTH MANAGEMENT IMPACT: This request is consistent with Objective 3 of the Economic Element of the
Collier County Growth Management Plan.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires a majority vote for Board
approval. - HFAC
Page 2533 of 6525
11/10/2025
Item # 16.A.9
ID# 2025-4306
RECOMMENDATION(S): To approve a Second Amendment to the Economic Development Agreement with PFPI
OZ, LLC (Pikus), amending sewer and drainage verification provisions, recognize the developer’s address change,
approve any required Budget Amendments, and authorize the Chairman to execute the agreement.
PREPARED BY: Cormac Giblin, Director, Housing Policy & Economic Development
ATTACHMENTS:
1. second amendment to PFPI OZ LLC EDA sep 24 2025 notarized
2. EDA Agreement _ PFPI OZ, LLC (05_09_2023 Item #11C)
3. First Amendment to EDA _ PFPI OZ, LLC-Vendor Signed
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11c
ECONOMIC DEVELOPMENT AGREEMENT
PFPI OZ,LLC,
This Economic Development Agreement (hereinafter referred to as "Agreement") is
entered into this q day of May , 2023, by and between Collier County, a political
subdivision of the State of Florida, through its Board of County Commissioners (hereinafter
referred to as the "County"), and PFPI OZ, LLC, (hereinafter referred to as "Pikus"), whose
address is 5290 Golden Gate Parkway, Suite 3,Naples FL, 34116 .
RECITALS:
WHEREAS, Collier County enjoys broad Home Rule Powers, which include the
authority to enter into agreements to enhance economic development within the County; and
WHEREAS, Florida Statute Sec. 125.045 expressly provides that "The governing body
of a county may expend public funds to attract and retain business enterprises, and the use of
public funds toward the achievement of such economic development goals constitutes a public
purpose. The provisions of this chapter which confer powers and duties on the governing body of
a county, including any powers not specifically prohibited by law which can be exercised by the
governing body of a county, must be liberally construed in order to effectively carry out the
purposes of this section;" and further that"it constitutes a public purpose to expend public funds
for economic development activities, including, but not limited to, developing or improving local
infrastructure, issuing bonds to finance or refinance the cost of capital projects for industrial or
manufacturing plants, leasing or conveying real property, and making grants to private
enterprises for the expansion of businesses existing in the community or the attraction of new
businesses to the community;"and
WHEREAS, Pikus is constructing a Mixed Use Development Headquarters facility
within the Founders Plaza Planned Use Development (PUD) in the Golden Gate City Economic
Development Zone, "CENTRO"; and
WHEREAS, Pikus has requested that it be reimbursed up to the sum of$788,878.56 for
CENTRO's drainage and sanitary sewer infrastructure costs, and impact fees and building
permits; and
WHEREAS,Pikus is current on all property taxes and business tax receipt payments; and
WHEREAS,the Board expressly finds that this project will result in substantial economic
benefits to the County, including accelerating the provision of public infrastructure related to
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I i FYI
health and safety and solidifying the workforce in critical industries that have ongoing shortages
of skilled workforce.
NOW, THEREFORE, in consideration of the foregoing Recitals, and other good and
valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged,
the Parties agree as follows:
1. The foregoing Recitals are true and correct and are incorporated by reference herein.
2. As consideration for all of the sanitary sewer and drainage expenditures and impact
fees and building permits incurred by Pikus in constructing this Mixed-Use Development
Headquarters facility, the County will reimburse Pikus up to the sum of$788,878.56 relating to
its actual costs incurred for sanitary sewer and drainage and impact fees and building permits as
follows:
a. Up to the sum of$146,412.85 for sewer installation when verified as final by
the County in the online cityview application.
b. Up to the sum of $165,710.92 for drainage when verified as final by the
County in the online cityview application.
c. Up to the sum of $476,754.79 for impact fees and building permit fees on
receipt of the Certificate of Occupancy(CO).
3. Pikus will comply with all conditions in their Site Development Plan under PL
20220007082
4. This Agreement is personal to Pikus and cannot be assigned or transferred by Pikus
without the prior written consent from the County.
Legal Matters
5. Except as otherwise provided herein, this Agreement shall only be amended by
mutual written consent of the parties hereto or by their successors in interest. All notices and
other communications required or permitted hereunder shall be in writing and shall be sent by
Certified Mail, return receipt requested, or by a nationally recognized overnight delivery service,
and addressed as follows:
To County: To Pikus:
Collier County PFPI OZ,LLC
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11C
Attn: County Manager Attn: Matthew Pikus
3299 Tamiami Trail E, Suite 200 5290 Golden Gate Parkway, Suite 3
Naples,Florida 34112 Naples, Florida 34116
Phone: (239) 252-8383 Phone: (239)450-6324
Facsimile: (239)252-4010 Facsimile: n/a
Notice shall be deemed to have been given on the next successive business day to the date of
the courier waybill if sent by nationally recognized overnight delivery service.
6. This Agreement constitutes the entire agreement between the parties with respect to
the activities noted herein and supersedes and takes the place of any and all previous agreements
entered into between the parties hereto relating to the transactions contemplated herein. All prior
representations, undertakings, and agreements by or between the parties hereto with respect to
the subject matter of this Agreement are merged into, and expressed in, this Agreement, and any
and all prior representations, undertakings, and agreements by and between such parties with
respect thereto hereby are canceled.
6. Nothing contained herein shall be deemed or construed to create between or among
any of the parties any joint venture or partnership nor otherwise grant to one another the right,
authority or power to bind any other party hereto to any agreement whatsoever.
7. This Agreement shall be governed by the laws of Florida. In the event state or federal
laws are enacted after the execution of this Agreement, which are applicable to and preclude in
whole or in part the parties' compliance with the terms of this Agreement, then in such event this
Agreement shall be modified or revoked as is necessary to comply with such laws, in a manner
which best reflects the intent of this Agreement.
8. This Agreement shall be recorded by the County in the Official Records of Collier
County, Florida, within fourteen (14) days after the County enters into this Agreement. The
County shall pay all costs of recording this Agreement. The County shall provide a copy of the
recorded document to Pikus upon request.
9. In the event of a dispute under this Agreement, either party may file an action for
relief in the Circuit Court of Collier County as the sole and exclusive venue for any dispute
arising under this Agreement to enforce the terms of this Agreement, said remedy being
cumulative with any and all other remedies available to the parties for the enforcement of this
Agreement, with the prevailing party entitled to all costs and expenses associated with such suit,
including reasonable attorney's fees.
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1 1 C
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date and
year first above written.
Attest:A.,
Crystal K. Kfrizel;•Clerk BOARD OF COUNTY COMMISSIONERS
COLLIE Y,FLORIDA
By: By:
Attest as to Chain$'an e u Cle Rick LoCastro, Chair
ea.._, signature oniy:, ,
II
App • irm and legality:
1 Lk
Jeffrey A!1: i.ko, County Attorney
As to PFP ' LLC
By: i 2/
S i/gna,Iu
re
P 644.I - J 0I)06
Printed Name
anaj[
Title
STATE OF FLORIDA
COUNTY OF COLLIER
The foregoing Agreement was acknowledged before me by means of physical
presence or_ online notarization, this `
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t day of Art, ) , 2023, by c- (4.-i PM
as rA a,A u q R(for PFPI OZ,LLC name)
title) pY IA 1lF$
s
oOss av
V Personally known to me OR
x ;,, 's *..
Has produced as identification s* •
sis134 '
T. x. o 4
ubl1G Undoy C3-4%
Notary name: W c N). '.. 3
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FIRST AMENDMENT TO ECONOMIC DEVELOPMENT AGREEMENT
PFPI OZ,LLC
This First Amendment to Economic Development Agreement (hereinafter referred to as
"Amended Agreement") is entered into this 8th day of October 2024, by and between Collier
County, a political subdivision of the State of Florida, through its Board of County Commissioners
(hereinafter referred to as the "County"), whose address is c/o County Attomey's Office,3299
Tamiami Trail East, Suite 800, Naples, FL 34112, and PFPI OZ, LLC, (hereinafter referred to as
"Pikus"), whose address is 5290 Golden Gate Parkway, Suite 3, Naples, FL 34116.
WITNESSETH:
WHEREAS, the County and Pikus entered into an Economic Development Agreement
related to reimbursement of up to $788,878.56 in actual expenditures for sanitary sewer, drainage,
impact fees, and building permits for constructing a Mixed-Use Development Headquarters
Facility ("CENTRO") in the Golden Gate City Economic Development Zone (Agenda Item No.
11.C., Doc#25261) dated May 9,2023 (the "Agreement"), which is incorporated by reference and
made apart hereof to this Amendment; and
WHEREAS, the Agreement allocates specific sums of money to (1) sewer installation, (2)
drainage, and (3) impact fees and building permit fees; and
WHEREAS, the Parties both desire and agree that the Agreement should be amended to
reallocate $250,000.00 from impact fees and building permit fees to sewer installation and
drainage as partial reimbursement for increases to Pikus' CENTRO capital investment costs.
NOW, THEREFORE, in consideration of the foregoing Recitals, and other good and
valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, the
Parties agree as follows:
1. The foregoing Recitals are true and correct and are incorporated by reference herein.
2. Paragraph 2 of the Agreement shall be amended as follows:
2. As consideration for all of the sanitary sewer and drainage expenditures and
impact fees and building permits incurred by Pikus in constructing this Mixed-Use
Development Headquarters facility, the County will reimburse Pikus up to the sum
of $788,878.56 relating to its actual costs incurred for sanitary sewer and drainage
and impact fees and building permits as follows:
[24-TRN-00 3 s2 I t 88820 s I t]
Page 1 of2
Words stieken are deletions;
words underlined are additions.
cAoPage 2542 of 6525
a. Up to the sum of @ for sewer installation when
verified as final by the County in &e online CityView application.
b. Up to the sum of ${6$#l&42 $28Q.710.92 for drainage when verified
as final by the County in the online CityView application.
c. Up to the sum of ${76;751,79 $22f.754.79 for impact fees and building
permit fees on receipt of the Certificate of Occupancy (CO).
3. All other terms and conditions of the Agreement, except as modified herein, shall remain the
same.
IN WITNtrSS WHEREOF, the Parties have executed this Agreement on the date and
year first above written.
AS TO PIKUS:
PFPI
}t€Asn
srATE or.g+,ept& 6 uu/nA
COUNI'Y OF GgttIER-- (* A/,ltzza
0e*'\'*ei
The foregoing Amended Agreement
presence this I I day of September 2024,by
personally known to me.
rvas acknorvledged before me by means of physical
N{atthew Pikus as Manager of PFPI OZ,LLC, who is
ffi ffffi#ffi\SffiZ COi,lMlSStOr{ NO. t045(56
r.Y @ilMS$O,I EXPIRES FEBRTIARY N,M
By:
ASTO COUNTY:
Attest:
Crystal K. Kinzel, Clerk
, Deputy Clerk
Approvcd as to tbrm and legality:
Derek D. Perry
Assistant County Attorney
[24-TRN-003 52l I 888205/ I ]
Page 2 of2
Lu6r4 ,tr*a*--Cre
Notary Printed Name
BOARD OF COUNTY COMMISSIONERS
COLLIER COLINTY, FLORIDA
By:
Chris Hall, Chairman
Words s*ieken are deletions;
words underlined are additions.
0t
.\*$
N\'
Matthew Pikus. Manager
Notary Signature
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