Resolution 2015-133 RESOLUTION NO. 2015-1 3 3
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA,
ESTABLISHING THE AVE MARIA INNOVATION ZONE.
WHEREAS, in addition to its broad home rule powers, Collier County is expressly
authorized under Section 125.045, Florida Statutes 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, Collier County adopted Ordinance No. 2010-20 providing for the creation
of Innovation Zones by adoption of a resolution; and
WHEREAS, Ave Maria Development, LLP is the developer (hereinafter"Developer") of
the Town of Ave Maria Stewardship Receiving Area; and
WHEREAS, the Town of Ave Maria Master Plan provides for the development of four
Town Centers; and
WHEREAS, the four Town Centers provide an opportunity for economic development in
the unincorporated area in Collier County.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY,FLORIDA,that:
SECTION ONE: Establishment of the Ave Maria Innovation Zone.
The property identified as Town Center 1, 2A, 2B and 3 as set forth in the Town of Ave
Maria Master Plan, attached hereto, is hereby established as the Ave Maria Innovation Zone.
SECTION TWO: Initial Tax Increment Year and Percentage.
For purposes of establishing the Base Year Assessment Roll, the base year shall be the
last Collier County Real Property Assessment Roll certified by the Property Appraiser prior to
the adoption of the Tax Increment Resolution. Tax increments shall commence to be deposited
into the Trust Fund with the County fiscal year commencing on October 1, 2016, and funding
shall continue through September 30, 2021. The amount of the tax increment to be deposited
into the Trust Fund shall be equal to 100% of the amount based on the formula set forth in
Section 4(B) of Collier County Ordinance No. 2010-20. Funding shall automatically continue
with no further action by the parties for an additional 5 years, provided that after conclusion of
this initial fifth year, at least 30%of the Trust Fund has been expended,. At the conclusion of the
tenth year,the parties will meet to discuss whether an additional extension is warranted.
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SECTION THREE: Creation of an Economic Trust Fund.
The County hereby creates the Ave Maria Innovation Zone Trust Fund. The tax
increment shall be deposited into the trust fund and the trust fund proceeds shall be utilized to
implement the Economic Development Plan set forth in Section Four. The Trust Fund corpus
will not exceed One Million Dollars ($1,000,000) in any single fiscal year and is subject to
annual appropriation by the County. Up to 5% of the Trust Corpus shall be reserved as an
annual administrative fee for the County. Upon termination of the Trust Fund any unspent and
unencumbered proceeds shall revert to the County's General Fund.
SECTION FOUR: Adoption of the Economic Development Plan.
The purpose of the Ave Maria Innovation Zone is to attract and retain qualified targeted
industry business as defined by Florida Statute 288.106. Trust funds may be utilized in any
lawful manner, including infrastructure required to serve new target businesses or the expansion
of an existing target business; payment of County Impact Fees to be paid by the new target
business or the expansion of an existing target business; and payment of building permit fees or
other County fees related to the construction of structures to serve the target business. Any
payment of funds must be approved in advance by the Board of County Commissioners. All
expenses must be fully documented in a manner acceptable to the County.
THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring
same this 23 day of SVY t'Q , 2015.
ATTEST..\ BOARD OF COUNTY COMMISSIONERS
DWIGHT E.BROCK,'Clorlk. COLLIER COUNTY, FLORIDA_
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By: By:
4' . + `De Cl e ' TIM NANCE, CHAIRMAN
Attest , to heirmans
signatu;
Appro a ". ' . . and legality:
�it. J
Jeffrey .1 atz ow, County Attorney
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