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Backup Documents 10/28/2025 Item #16D 2 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP I ek4- c _J TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY C22MMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later than Monday preceding the Board meeting. **NEW** ROUTING SLIP Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the exception of the Chairman's signature,draw a line through routing,lines#1 through#2,complete the checklist,and forward to the County Attorney Office. Route to Addressee(s) (List in routing order) Office Initials Date 1. Lisa N. Carr Community and Human LNC -09/6/24 Services //120725c4 2. County Attorney Office County Attorney Office coo (Z l i �2s 3.-£rnnrty A gcr'a-6ffier Go ugly Manager Occ c�� ��.�. 1s ,,A9/ 1Z/ /e ' 4. Minutes and Records Clerk of Court's Office ►ZN2-5 PRIMARY CONTACT INFORMATION Tr-- Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the addressees above,may need to contact staff for additional or missing information. Name of Primary Staff Lisa N.Carr, Supervisor-Grants, Community Phone Number 239-252-2339 Contact/Department and Human Services Division Agenda Date Item was October 28, 2025 Agenda Item Number 1C-D-4Z Approved by the BCC Type of Document Lien Agreement w/Owner for 100% Deferral Number of Original 2 Attached of Collier County Impact Fees for Multi- Documents Attached Family Affordable Housing Rental Units & Subordination Agreement PO number or account Account# 1053-138971-649030 number if document is to be recorded protect#33863.1 INSTRUCTIONS & CHECKLIST Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not appropriate. (Initial) Applicable) 1. Does the document require the chairman's original signature? N/A 2. Does the document need to be sent to another agency for additional signatures? If yes, LNC provide the Contact Information(Name;Agency;Address;Phone)on an attached sheet. 3. Original document has been signed/initialed for legal sufficiency. (All documents to be LNC signed by the Chairman,with the exception of most letters,must be reviewed and signed by the Office of the County Attorney. 4. All handwritten strike-through and revisions have been initialed by the County Attorney's LNC Office and all other parties except the BCC Chairman and the Clerk to the Board 5. The Chairman's County Manager's signature line date has been entered as the date of BCC LNC approval of the document or the final negotiated contract date whichever is applicable. 6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairmafils LNC County Manager's signature and initials are required. 7. In most cases(some contracts are an exception),the original document and this routing slip LNC should be provided to the County Attorney Office at the time the item is input into SIRE. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the BCC's actions are nullified. Be aware of your deadlines! 8. The document was approved by the BCC on 10/28/25 and all changes made during the meeting have been incorporated in the attached document. The County CLD opts. Attorney's Office has reviewed the changes,if applicable. is in. 9. Initials of attorney verifying that the attached document is the version approved by the ;/A is t- BCC,all changes directed by the BCC have been made,and the document is ready for the GLt7 Chairman's signature. I:Forms/County Forms/BCC Forms/Origi )cuments Routing Slip WWS Original 9.03.04,Revised )5,Revised 2.24.05;Revised 11/30/12 • Instructions 14eturn a recorded copy of the Lien Agreement with Owner for 100% Deferral of Collier County Impact fees for multi-family affordable housing rental units to lisa.carrAcollier.gov 2. Return the chairman executed original Subordination Agreement to me. I will forward it to the Developer for real estate closing in January/February. 2026 I will provided MR a copy of the recorded document when it is returned to me. C� 3� Z52-- Z331 Our P'��" ��' 1\1 e-cl +t) edtkin I:Forms/County Forms/BCC Forms/Origi xuments Routing Slip WWS Original 9.03.04,Revised 05,Revised 2.24.05;Revised 11/30/12 16 fl INSTR 6761162 OR 6533 PG 3228 RECORDED 12/9/2025 11:19 AM PAGES 16 Prepared by and return to: CLERK OF THE CIRCUIT COURT AND COMPTROLLER Lisa N.Can COLLIER COUNTY FLORIDA Community and Human Services REC$137.50 3339 Tamiami Trail E,Building H,Suite 213 Naples,FL 34112 Case#29481 [This space for recording] LIEN AGREEMENT WITH OWNER FOR 100% DEFERRAL OF COLLIER COUNTY IMPACT FEES FOR MULTI-FAMILY AFFORDABLE HOUSING RENTAL UNITS /� This Agreement is entered into this o11f GI L day of OC.4ob& . 2025, between Collier County, a political subdivision of the State of Florida("COUNTY"), and Casa San Juan Diego, Ltd., a Florida limited partnership ("OWNER"), collectively stated as the "Parties" ("Lien Agreement"). NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged, the Parties agree as follows: 1. Authority and Conflict.This Lien Agreement is made pursuant to Chapter 74 of the Code of Laws and Ordinances of Collier County, Florida, known as "The Collier County Consolidated Impact Fee Ordinance" ("Ordinance"). In the event of any conflict with this Agreement,the terms of the Ordinance shall apply. 2. Legal Description and Number of Rental Units. This Agreement shall affect, encumber, and otherwise apply to the 80 Rental Units(consisting of two buildings,(i)one building with 38 units and a clubhouse, and (ii) a second building with 42 units) located on the Owner's property described in Exhibit"A", attached hereto an incorporated herein, which constitutes all of the Rental Units on the property (the "PROJECT"). 3. Standards. The OWNER agrees that the Rental units shall remain affordable and shall be offered for rent in accordance with the standards set forth in the Impact Fee Ordinance for the term of thirty (30)years after issuance of the certificate of occupancy. 4. Representations and Warranties. The OWNER represents and warrants the following: A. Exclusively Affordable. Each Rental Unit will, during the term of the Agreement, be solely offered and available to a qualifying occupant/tenant. B. Very Low- or Low-Income. At the commencement of any leasehold and throughout the duration thereof, the households renting Rental Units must have a very low- or low-income level, as those terms are defined in the Impact Fee Ordinance (see Sec. 74-402); and the household's monthly rent must be within the affordable housing guidelines established in the Impact Fee Ordinance (see Sec. 74-401(b)(2)). 4903-2518-6595 v.6 Page 1 of 14 C4O 1 6 n C. Term of Affordability. Each Rental Unit must remain "affordable" pursuant to the Ordinance for at least thirty (30) years from the date its certificate of occupancy was issued. D. Legal Status. The head of the household will be at least 18 years of age and must be either a citizen of the United States or be a legal alien who permanently resides in the United States. 5. Rental Units. If the OWNER rents a Rental Unit which is subject to the impact fee deferral and then re-rents that Rental Unit to a subsequent renter, the Rental Unit shall be re-rented only to persons or households meeting the qualifying criteria set forth in the Impact Fee Ordinance. If the income of any unit renter which originally qualified as very low or low income level as defined in the Impact Fee Ordinance increases by more than forty percent(40%) above the maximum low income level described in the Impact Fee Ordinance, then the per unit deferred impact fee on the non-compliant unit shall become immediately due and payable by OWNER or, in the alternative, the OWNER shall have ninety (90) days to comply with the Affordable Housing guidelines set forth in the Impact Fee Ordinance. Assuming the OWNER has not been able to comply with the guidelines, upon the discontinuance of use of a Rental Unit as affordable housing, the impact fees deferred shall be immediately repaid to the COUNTY. OWNER agrees that even though the impact fees may have been repaid to the COUNTY, the OWNER will continue to utilize the Rental Units for affordable housing for at least thirty (30) years from the date the first certificate of occupancy was issued for a Rental Unit. 6. Terms of Deferral. The OWNER agrees that the term of the requirement to pay the PROJECT's impact fees will be deferred for ten (10) years from the date of the execution of the impact fee deferral agreement by the County, unless otherwise extended by the Board of County Commissioners. OWNER must comply with all terms of Chapter 74 of the Code of Laws and Ordinance during the term. 7. CHS Annual Compliance Affidavit. Annually, the OWNER of the Rental Unit shall provide to the Collier County Community and Human Service Division an affidavit attesting to compliance with the affordable housing qualification criteria and standards set forth in the Impact Fee Ordinance. 8. CMO Annual Compliance Affidavit. Annually,the OWNER shall provide to the county manager an affidavit of compliance with the criteria set forth in this section. The affidavit must be filed within 30 days of the anniversary date of the issuance of a certificate of occupancy, or at another mutually agreed on date. If the affidavit is not filed on time the affiant shall pay to the county a $50.00 late fee. Any Rental Units monitored by the Florida Housing Finance Corporation or 4903-2518-6595 v.6 Page 2 of 14 CAO I6Dz similarly monitored by any other state or federal agency will not be required to file this separate affidavit of compliance with the County Manager. A copy of the monitoring report by Florida Housing Finance Corporation or a monitoring report by any other state or federal agency shall be forwarded to the Collier County Community and Human Service Division. 9. Amount. The OWNER agrees that the dollar amount of deferred impact fees, commencing on the effective date of this Agreement and continuing until paid or released,will constitute and be a lien in the amount of Eight Hundred Seventy-Two Thousand Twenty-Five Dollars and 60/100 ($872,025.60) (as evidenced in Exhibit "B", Impact Fee Breakdown, attached hereto and incorporated herein by reference for building one and two is noted in Section 2 above). 10. Subordination and Security. In addition to the subordination provisions of the Ordinance, the OWNER agrees to provide an additional cash equivalent financial instrument or security that will yield the full amount of the deferred impact fees when they become due and payable pursuant to this Agreement, as evidenced by Exhibit "C", attached hereto and incorporated herein by reference. 11. Release. Upon satisfactory completion of this Agreement's requirements, including payment of the deferred impact fees, the COUNTY shall, at the expense of the COUNTY, record any necessary documentation evidencing such payment, including but not limited to, a release of lien. 12. Continued Liability. This Agreement shall be binding upon the Parties to this Agreement, their heirs, successors, and assigns. The OWNER agrees not to convey its interest in the Project or any Rental Unit without the COUNTY's prior written consent, which shall not be unreasonably withheld. However, in the case of sale or transfer of the Project or any Rental Unit, the original undersigned OWNER shall also remain jointly and severally liable for the impact fees deferred until said impact fees are paid in full. 13. Recording Costs. This Agreement shall be recorded at the expense of OWNER in the Official Records of Collier County, Florida, within ninety (90) days after execution of this Agreement. 14. Default. OWNER shall be in default of this Agreement: A. If the OWNER fails to rent the property in accordance with the affordable housing standards and qualification criteria established in the Impact Fee Ordinance, and thereafter, fails to pay the impact fees due within thirty(30)days of mailing of written notice of said non-compliance; B. If the OWNER continues to violate one of the affordable housing qualification criteria in the Impact Fee Ordinance for a period of thirty (30) days after mailing of written notice of such violation, or C. With respect to the Annual Report, once a thirty (30)day cure period from written notice after 4903-2518-6595 v.6 Page 3 of 14 CAO 16p2 the date of the report being due has expired, the OWNER will thereafter be in default. 15. Available Remedies. The following remedies are cumulative with any other right or remedy available to the COUNTY: A. Should the OWNER of the property: (1) fail to comply with the said qualification criteria at any time during the thirty (30) year term; or (2) violate any provisions of this Agreement, then the dollar amount of impact fees deferred shall be paid in full by OWNER to the COUNTY within thirty (30) days of written notification of said violation. B. Should the OWNER otherwise be in default of this Agreement, and the default is not cured within ninety (90) days after mailing written notice to the OWNER, the COUNTY may bring a civil action to enforce the Agreement. C. In addition, the lien may be foreclosed, or otherwise enforced by the COUNTY, by action or suit in equity, including the foreclosure of this lien or mortgage on real property. The COUNTY shall be entitled to recover all fees and costs, including attorney's fees,plus interest at the statutory rate for judgments calculated on a calendar day basis until paid. 16. Notices. All notices, statements, requests, and demands necessary or desirable under the provisions of this Agreement shall be sufficient when delivered if hand delivered or delivered by express or overnight courier and when mailed if mailed certified U.S. mail, return receipt requested, postage prepaid, to the address or addresses of the parties set forth in the preamble of this Agreement, or to a different address requested by the party in a notice given consistent with this section. COUNTY agrees to provide copies of all notices to OWNER under this Agreement or any other Loan documents that is sent to OWNER to: COUNTY: Collier County 3315 Tamiami Trail E, Suite 102, Naples, FL 34112 COPY: Director, Community and Human Services 3339 Tamiami Trail E, Building H, Suite 213,Naples, FL 34112 DEVELOPER: Casa San Juan Diego, Ltd. c/o National Development of America 12629 New Brittany Blvd. Fort Myers, Florida 33907 Email: MMiller@national-development.com 4903-2518-6595 v.6 Page 4 of 14 CAO 1602 COPY TO: Nelson Mullins Riley & Scarborough LLP 390 North Orange Avenue, Suite 1400 Orlando, Florida 32801 Attention: Randy Alligood, Esq. Email: Randy.alligood@nelsonmullins.com COPY TO: RJ MT Casa San Juan Diego L.L.C. do Raymond James Affordable Housing Investments, Inc. 880 Carillon Parkway St. Petersburg, Florida 33716 Facsimile No.: 727-567-8455 Attention: Steven J. Kropf, President COPY TO: Nixon Peabody, LLP 53 State Street Boston, MA 02109 Attn: Nate Bernard, Esq. Facsimile No.: 617-345-1000 Email: nbernard@nixonpeabody.com COPY TO: Florida Housing Finance Corporation 227 North Bronough Street, Suite 5000 Tallahassee, Florida 32301-1329 Attention: Executive Director Telephone: (850)-488-4197 COPY TO: Latham Luna Eden & Beaudine, LLP 201 S. Orange Avenue, Suite 1400 Orlando, Florida 32801 Attention: Jan Carpenter, Esq. Telephone: (407)-481-5800 4903-2518-6595 v.6 Page 5 of 14 CAO 1602 Email:jcarpenter@lathamluna.com COPY TO: Fifth Third Commercial Funding Inc. 38 Fountain Square Plaza Cincinnati, Ohio 45263 Attention: Steven Quasny, Vice President Email Address: steve.quasny@53.com COPY TO: Liebler, Gonzalez & Portuondo, PA Courthouse Tower 44 W. Flagler Street, 25th Floor Miami, Florida 33130 Attention: Bernardo Portuondo, Esq. Email Address: bap@lgplaw.com 17. Restrictive Covenant. This Agreement establishes a valid and enforceable covenant running with the land described in Exhibit "A", also known as Property Appraiser Parcel No. 00127565800, located at 982 Boston Avenue, Immokalee, FL 34142 (hereinafter "Owner's Property"). Owner hereby acknowledges that the specified deferral of impact fees described in this Lien Agreement benefits the Owner's Property. This Agreement shall constitute covenants, restrictions, and conditions which shall run with the land and shall be binding upon the Owner's Property and every person having any interest therein at any time and from time to time. [Remainder ofpage intentionally left blank,. Signature page to follow] 4903-2518-6595 v.6 Page 6 of 14 CAO 1602 IN WITNESS WHEREOF, the Parties have executed this Agreement on the date and year first above written. Witnesses: As to OWNER: CASA SAN JUAN DIEGO, LTD., a Florida limited partnership Witness#1 Sign um By: NDA San Juan Diego , LLC, a Florida ��,,�� limited liability company, its Witness#1 t'f monName � administrative general artner imz", I tr c.,(XN•t{.i&S Wit_ 33e1'Vl By: atth w Miller,Man ger 1 Witness#1 Po-t Tess Witness#2 Signarre 44 lIES aill Witness#2 Printed Nat e 1 u e N EW (Silk-al1asqy 6 I&Ur) VT. i A't€'.s , 'cL. 311''t Witness#2 Post Address STATE OF FLORIDA COUNTY OF (__(:-A?_ The foregoing Agreement was acknowledged before me by means of physical presence this ' day of g 4-- :?r -- 2025, by Matthew Miller, as manager of NDA San Juan Diego, LLC, a Florida limited liability company as the administrative general partner of Casa San Juan Diego, Ltd., a Florida limited partnership and is e� rsonally known to me or produced as identification. FA/71 Pi' i._ , *: KARI M.EDWARDS Notary Signature 6:4N-,,'•;r.:p'/w toMMIssION#HH 410159 ,2 . P EXPIRES:October 13,2027 „ ""�, Kari M.Edwards Notary Printed Name 4903-2518-6595 v.6 Page 7 of 14 CAO 1602 ATTEST: As to COUNTY: CRYSTAL K. KINZEL, Clerk 11,if^ slc BOARD OF COUNTY 7 A COMMISSIONERS COLLIER COUNTY, y' a FLORIDA st as to :; Deputy Clerk Ch.a,rman s ti . , signature only r/+• � Ya � i V'��, Bp• i Burt L. Saunders, Chairman Approved as to form and legality: Courtney L. DaSilva 0/D Assistant County Attorney qj i 17 [LEGAL DESCRIPTION OF EXHIBIT "A" TO FOLLOW] 4903-2518-6595 v.6 Page 8 of 14 CAO EXHIBIT"A" 161412 Street Parcel ID/Folio No. Number Street City, State Zip Legal Description 00127565800 982 Boston Avenue Immokalee, FL See Exhibit"A"below 34142 [LEGAL DESCRIPTION OF EXHIBIT "A" TO FOLLOW] 4903-2518-6595 v.6 Page 9 of 14 CAO O i602 EXHIBIT A Legal Description of Property Legal Description The Land referred to herein below is situated in the County of COLLIER, State of Florida, and is described as follows: FEE SIMPLE: COMMENCING AT THE WEST 1/4 CORNER OF SECTION 4, TOWNSHIP 47 SOUTH, RANGE 29 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN N89°40'00"E ALONG THE NORTH LINE OF THE SOUTHWEST 1/4, OF SECTION 4 FORA DISTANCE OF 1319.50 FEET, TO THE NORTHWEST CORNER OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4; THENCE RUN SOO°22'49"E ALONG THE WEST LINE OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4 FOR A DISTANCE OF 662.38 FEET, TO THE NORTHWEST CORNER OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4; THENCE RUN N89°40'31"E ALONG THE NORTH LINE OF THE NORTH 1/2, OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4,OF SECTION 4 FOR A DISTANCE OF 30.00 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED; THENCE CONTINUE N89°40'31"E ALONG THE NORTH LINE OF THE NORTH 1/2, OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4 FOR A DISTANCE OF 630.61 FEET; THENCE RUN SOO°27'18"E ALONG THE EAST LINE OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4 FOR A DISTANCE OF 298.36 FEET; THENCE LEAVING SAID EAST LINE, RUN S89°32'42"W FOR A DISTANCE OF 163.56 FEET; THENCE RUN S00°19'06"E FOR A DISTANCE OF 363.70 FEET TO A POINT ON THE SOUTH LINE OF THE SOUTH 1/2, OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4;THENCE RUN S89°40'54"W ALONG SAID SOUTH LINE FOR A DISTANCE OF 467.05 FEET TO A POINT LYING 30 FEET EASTERLY AS MEASURED AT RIGHT ANGLES TO THE WEST LINE OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4;THENCE LEAVING SAID SOUTH LINE OF THE SOUTH 1/2, OF THE SOUTHWEST 1/4, OF THE NORTHEAST 1/4, OF THE SOUTHWEST 1/4, OF SECTION 4, RUN NOO°22'49"W FOR A DISTANCE OF 662.38 FEET TO THE POINT OF BEGINNING. EASEMENT: TOGETHER WITH the easement rights set forth in that certain Declaration of Easements as recorded simultaneously herewith, Public Records of Collier County, Florida. TOGETHER WITH the easement rights set forth in that certain Declaration of Restrictions and Easements simultaneously herewith, Public Records of Collier County, Florida. TOGETHER WITH the non-exclusive easement rights for ingress and egress related to construction purposes as set forth in that certain Temporary Construction Easement Agreement by K & B Residential Rentals #2, LLC as simultaneously herewith, Public Records of Collier County, Florida. TOGETHER WITH the non-exclusive easement rights for ingress and egress related to construction purposes as set forth in that certain Temporary Construction Easement Agreement by CCDOV Holdings, Inc. as recorded simultaneously herewith, Public Records of Collier County, Florida. TOGETHER WITH the non-exclusive easement rights for ingress and egress related to construction purposes as set forth in that certain Temporary Construction Easement Agreement by Catholic Charities, 4903-2518-6595 v.6 Page 10 of 14 CAO 1611 Diocese of Venice, Inc. as recorded simultaneously herewith, Public Records of Collier County, Florida. 4903-2518-6595 v.6 Page 11 of 14 CEO 602 EXHIBIT "B" IMPACT FEE BREAKDOWN Building One(38 Units) Type of Impact Fee Amount Owed A. EMS $2,565.00 B. GOVERNMENT BUILDINGS $16,869.72 C. JAIL $8,698.58 D. LAW ENFORCEMENT $11,269.28 E. LIBRARIES $6,071.64 F. COMMUNITY PARK $17,297.60 G. ROAD $196,612.00 H. REGIONAL PARK $46,749.12 I. SCHOOL $108,079.22 IMPACT FEES TOTAL S414,212.16 4903-2518-6595 v.6 Page 12 of 14 (� ` Ao 1602 IMPACT FEE BREAKDOWN Building Two: (42 Units) Type of Impact Fee Amount Owed A. EMS $2,835.00 B. GOVERNMENT BUILDINGS $18,645.48 C. JAIL $9,614.22 D. LAW ENFORCEMENT $12,455.52 E. LIBRARIES $6,710.76 F. COMMUNITY PARK $19,118.40 G. ROAD $217,308.00 H. REGIONAL PARK $51,670.08 I. SCHOOL $119,455.98 IMPACT FEES TOTAL $457,813.44 4903-2518-6595 v.6 Page 13 of 14 CAO EXHIBIT"C" 16 0 2 IMPACT FEE FINANCIAL INSTRUMENT OR SECURITY 4903-2518-6595 v.6 Page 14 of 14 C Confirmation Ul FNBB FNBB CAPITAL MARKETS Capital Markets 600 UNIVERSITY PARK PLACE SUITE 380 BIRMINGHAM, AL 35209 For the account of: Contact: FNBB INVESTMENT Phone: 800-421-6182 CLERK OF THE CIRCUIT COURT COLLIER COUNTY, FBO BCC DEREK JOHNSSEN Currency: USD 3299 TAMIAMI TRAIL E. STE 403 NAPLES, FL 34112-5746 Book Entry FED ELIGIBLE SECURITY Confirm# Date Entered Account Trade Date Par Amount Yield Time Entered Settlement Date Basis Price 232160898 11/20/2025 11/20/2025 873,000.00 .000 09.09.06 11/20/2025 100 100 THESE SECURITIES HAVE BEEN ENTERED INTO FNBB SAFEKEEPING Security Information US TREASURY STRIP Rate:0.00% Maturity Date: 11/15/2035 Issue Date: 08/15/2007 Cusip: 912833X96 Next Interest Date: 11/15/2035 Amount: 0.00 Priced to Maturity Subject to Federal Income Tax RECEIPT# 232160898 FRC Payment Instructions Delivery Instructions RECEIVE FREE INTO SAFEKEEPING DELIVER INTO FNBB SAFEKEEPING 001-SKFB Page 1 of 1 16fl2 Custody Receipt FNBB FNBB CAPITAL MARKETS Capital Markets 600 UNIVERSITY PARK PLACE SUITE 380 BIRMINGHAM, AL 35209 For the account of: Receipt: 232160898 Dated: 11/20/2025 CLERK OF THE CIRCUIT COURT Acquired: 11/20/2025 COLLIER COUNTY, FBO BCC Customer: 777707005 DEREK JOHNSSEN 3299 TAMIAMI TRAIL E. STE 403 NAPLES, FL 34112-5746 Par/Shares Security Description Cusip Number Currency 873,000.00 US TREASURY STRIP 912833X96 USD Prin: 873,000.00 Maturity Rate Issued 11/15/2035 08/15/2007 Location(s): FRC THIS WILL CONSTITUTE YOUR SAFEKEEPING/PLEDGE RECEIPT NOT TRANSFERABLE BY NEGOTIATION,ASSIGNMENT OR OTHERWISE. 1602 First National Banker's Bank ("FNBB") provisionally grants each credit and debit, including any interest or dividend payment made to the Safekeeping Account hereunder or to the Demand Deposit Account of the Respondent Bank ("Bank"). FNBB reserves the right to reverse any erroneous or provisional entries to the Safekeeping Account or the Demand Deposit Account of Bank retroactively to the date upon which the correct entry, or no entry should have been made. Notwithstanding the foregoing, in the event that Bank has delivered Securities, and such Securities are returned by the recipient, FNBB shall be entitled to, at it's sole discretion, reverse such credit and debit at any time prior to actual receipt or delivery of the underlying cash or Securities. Bank acknowledges the FNB has made no representations or warranties, express or implied, that any or all Securities transactions effected pursuant to this Agreement shall actually settle on the contractual settlement date. Whenever the written consent of the Bank is required, the written consent of the authorized representative or agent of the Bank (hereinafter the "Authorized Representative"), as specified in writing to FNBB from time to time shall satisfy such requirement. Whenever the written consent of Bank is required hereunder, any instruction given to FNBB pursuant to the Safekeeping Agreement, may, in FNBB's sole discretion. be by written. facsimile or electronic communications which FNBB believes to be genuine and which is received by FNBB at its principal offices. Instructions from any Authorized Representative shall be deemed to be instructions from the Bank for any propose herein. FNBB shall not be obligated to act upon,or be liable for failure to act upon,any instruction or cancellation or modification of an instruction received after FNBB's published cutoff time for transactions. Whenever the written consent of Bank is not required hereunder, any instruction given by the Bank to FNBB, may, in FNBB's sole discretion, be by written, oral, by telephone, facsimile or electronic communications which FNBB believes to be genuine and which is received by FNBB at its principal offices. Written communications. if any, of oral instructions provided by Bank shall in no way affect any action taken by FNBB in reliance upon oral instructions. Instructions from any Authorized Representative shall be deemed to be instructions from the Bank for any purpose herein. FNBB shall not be obligated to act upon, or be liable for failure to act upon, any instruction or cancellation or modification of an instruction received after FNBB's published cutoff time for transactions. FNBB agrees to forward for payment interest coupons and bonds as they are due to receive interest payments periodically and principal payments due at maturity, call, put, amortization, prepayment, etc., or other income or proceeds from the Securities held in Safekeeping hereunder and to make disposition of such interest and other income or proceeds in accordance with the written instructions of the Bank. Unless otherwise directed by Bank or required by law or pledges,principal proceeds of the Securities and interest collected on therm will be credited to Batnk's Demand Deposit Account at FNBB. FNBB shall not be obligated to credit or pay such proceeds to Bank until such time as good collected Fed Funds are received by FNBB. In the event the Securities held in Safekeeping hereunder are pledged to secure deposits of Public Bodies or for other purposes("Pledgee"),FNBB will credit`pay Bank with the principal proceeds of such Securities only at such time as it has received a written release of the pledge front the Pledgee whose funds are thereby secured and good mortgage backed securities at any time held hereunder whether or not such Securities are pledged to secure deposits or for other purposes. No Securities at any time held by FNBB hereunder shall be released without the written consent of the Pledgee. However, Bank may add or substitute Collateral at any time without the prior written consent of the Pledgee, unless substitution of collateral is specifically forbidden or restricted under the terms of a current Custodian Agreement or Security Agreement on file with FNBB. It shall be the sole responsibility of the Bank to promptly notify the Pledgee in writing of any addition to substitution of Collateral. A pledge receipt front FNBB, acting as custodian,shall constitute acceptable written notification. FNBB under no circumstances shall be held responsible for the determination of the Securities needed as collateral, or for the monitoring of the Securities balances held as collateral for pledging to secure deposits or for other purposes. The determination of the amount of Securities needed as Collateral and the monitoring of Securities balances held as Collateral is the responsibility of the Bank and the Pledgee. FNBB shall give to the Securities held hereunder the same degree of care and protection which it gives its own property. FNBB under no circumstances shall be held responsible to the Pledgee or Bank for any loss arising front any cause whatsoever except such as may arise from its failure to comply with the terms and conditions of the applicable Safekeeping agreement. Security Agreement,Custodian Agreement,or from its negligence or that of its officers,and employees. FNBB, unless and until all obligations of the client to FNBB are discharged may from time to time and without notice to the client pledge or repledge, hypothecate or rehypothecate, any or all securities or other investment instruments now or hereafter held purchased or carried by FNBB or the account of the client or deposited to secure the same either separately or under circumstances which will permit the commingling thereof with securities carried for the account of other clients, for any amount whatever, either more or less than the amount due FNBB thereon whether under general loans of FNBB or otherwise or may lend the same or deliver the same on contracts for other clients without FNBB having in its possession and control for delivery a like amount of similar securities or other investment instnnnents. Securities which are hypothecated under the above circumstances will be subject to the provisions of Rule 8c-I and 15c-2-1 of the Securities Exchange Act of 1934 as applicable. Securities also may be deposited with the Depositary Trust Company or in similar central systems. In the absence of a written agreement to the contrary we shall not be required to deliver to you identical securities purchased, held or carried for your account and you agree that all such securities shall be fungible.