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Agenda 12/09/2025 Item #16L 2 (Approve the removal of one uncollectible receivable for non-payment of rent)12/9/2025 Item # 16.L.2 ID# 2025-4821 Executive Summary Recommendation that the Board, acting in its capacity as the Community Redevelopment Agency Board (CRAB), approve the removal of one uncollectible receivable for non-payment of rent in the amount of $12,720.00. OBJECTIVE: This initiative focuses on strengthening the organization’s financial position by identifying and removing uncollectable receivables from the accounts. After a thorough review of outstanding balances, specific receivables were determined to be uncollectable due to factors such as prolonged delinquency, customer insolvency, inactive accounts, and unsuccessful collection efforts despite repeated outreach. Removing these receivables improves the accuracy and integrity of the financial statements by ensuring that reported assets reflect amounts reasonably expected to be collected. This adjustment aligns with accounting best practices and supports more informed decision-making by management. Additionally, clearing uncollectable balances allows the organization to refocus collection resources on viable accounts, streamline financial processes, and reduce administrative burden. CONSIDERATIONS: In 2010, a judgment was entered against Southern Motor Sports, Inc., a Florida Corporation defendant, for non-payment of rent in favor of Collier County Community Redevelopment Agency, the plaintiff. It was subsequently forwarded to Collier County Risk Management, who sent the claim to Penn Credit Collections Agency. The file states that in 7 years, if the funds have not been recovered, the file will be closed by Brandon Baker, a former employee of Risk. After researching if the company was still active, it was determined that Southern Motor Sports Inc., had been dissolved and the funds are not recoverable. Promote data-driven decision-making through performance management, continuous improvement, and measurable results FISCAL IMPACT: The write-off of $12,720.00 from the CRA Division's accounts receivable will remove the related allowance for doubtful accounts in Bayshore/Gateway Triangle Fund (1020). GROWTH MANAGEMENT IMPACT: There is no growth management impact for this item LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, is approved as to form and legality and requires majority vote for approval. -JAK RECOMMENDATION(S): That the Board, acting in its capacity as the Community Redevelopment Agency Board (CRAB), approves the removal of one uncollectable receivable for non-payment of rent in the amount of $12,720.00 PREPARED BY: Shirley Garcia, Program Manager ATTACHMENTS: 1. recorded Final Judgment 2. Sunbiz detailed report inactive 3. Penn Credit Collections closed case Page 7289 of 9661 Page 7290 of 9661 Page 7291 of 9661 Document Number FEI/EIN Number Date Filed Effective Date State Status Last Event Event Date Filed Event Effective Date Department of State /Division of Corporations /Search Records /Search by Entity Name / Detail by Entity Name Florida Profit Corporation SOUTHERN MOTOR SPORTS, INC Filing Information P08000074804 26-2471290 08/11/2008 08/10/2008 FL INACTIVE ADMIN DISSOLUTION FOR ANNUAL REPORT 09/23/2011 NONE Principal Address 1991 TAMIAMI TRAIL E NAPLES, FL 34112 Changed: 11/20/2008 Mailing Address 1991 TAMIAMI TRAIL E NAPLES, FL 34112 Changed: 11/20/2008 Registered Agent Name & Address SCHMIDT, JAMES 5219 MAPLE LN NAPLES, FL 34113 Address Changed: 05/07/2009 Officer/Director Detail Name & Address Title P SCHMIDT, JAMES 5219 MAPLE LN. NAPLES, FL 34113 D එඞඑඛඑ඗ඖ ඗ඎ C ඗ක඘඗කඉගඑ඗ඖඛFlorida Department of State 11/19/25, 1:49 PM Detail by Entity Name https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SOUTHE…1/2Page 7292 of 9661 Title VP SCHMIDT, MICHAEL 5219 MAPLE LN NAPLES, FL 34113 Annual Reports Report Year Filed Date 2009 05/07/2009 2010 05/01/2010 Document Images 05/01/2010 -- ANNUAL REPORT View image in PDF format 05/07/2009 -- ANNUAL REPORT View image in PDF format 12/22/2008 -- Amendment View image in PDF format 08/11/2008 -- Domestic Profit View image in PDF format Florida Department of State, Division of Corporations 11/19/25, 1:49 PM Detail by Entity Name https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=SOUTHE…2/2Page 7293 of 9661 From:Greily Gonzalez To:Shirley Garcia; Heidi Dareus Subject:RE: Demand for rent that went to collections Date:Monday, August 11, 2025 10:03:59 AM Attachments:Penn Credit Business Acknowledgement (1).pdf image001.png image002.png image003.png image004.png image005.png image006.png image007.png image008.jpg CountyLogo-FullColor_948165c4-9665-41b4-9162-fbb16abff557.png Facebook_0522f546-5e75-4698-95f9-f15590a3defe.png Instagram_a8da4774-4b5b-4ad1-8d23-20e69b3b605d.png X-Twitter_8d678efc-bd14-44ce-97cf-7fbab1003b00.png Youtube_0078f7f1-7789-4afd-a015-50689fe1f99b.png 311IconforSignature_87c558eb-83f5-449b-87c1-3cc5ac8b0859.png Picture1_9ca194a7-096f-4389-a5cc-3eb6c0d6c2c8.png Good Morning Shirley. According to the file notes this was transferred to Penn Credit, I am assuming they are a collection agency who acknowledged receipt of the claim on 1/31/2011. The last note on the file dates back 5/4/2018 and it states that in 7 years the funds have not been recovered. The file was closed by Brandon Baker, a former employee of Risk, see below. I will suggest you check your records to determine if the CRA received any payment from Penn Credit. No payment record has been found on our claim file. Let me know if you have any questions. Greily Gonzalez ARM Manager - Risk Human Resources Office:239-252-8914 3311 Tamiami Trail E Naples, FL 34112 Greily.Gonzalez@colliercountyfl.gov Take the Risk Management Customer Survey Please use your Mobile Device to access the QR Code below. Aim at it as if you were taking a picture of it; the Survey link will pop up. Click on the link to access the survey! Or….Click the link below to rate our interaction: TAKE THE SURVEY From: Shirley Garcia <Shirley.Garcia@colliercountyfl.gov> Sent: Thursday, August 7, 2025 8:41 AM To: Heidi Dareus <Heidi.Dareus@colliercountyfl.gov> Cc: Greily Gonzalez <Greily.Gonzalez@colliercountyfl.gov> Subject: Demand for rent that went to collections Heidi and Greily, could you help me track down whether or not this was ever paid? The Clerks brings this up every 5 yrs and I thought I answered it 5yrs ago but apparently not. So I will come at it a different way. If this was paid please send the information back to me on how, when and where it was paid and if it wasn’t paid what is your recommendation on how to proceed to get paid if possible. Thank you ladies have a great weekend. Shirley Garcia Program Manager Community Redevelopment Area Office:239-252-8847 Mobile:239-778-6585 3335 Tamiami Trl E, Unit 102 Naples, Florida 34112 Shirley.Garcia@colliercountyfl.gov Page 7294 of 9661 Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by telephone or in writing. Page 7295 of 9661