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Agenda 07/11/2017 Item #16A2507/11/2017 EXECUTIVE SUMMARY Recommendation to approve and enter into a License Agreement with Creekside West, Inc. (Addison) for the purpose of the installation of two ground signs and associated entry features within County road right-of-way. OBJECTIVE: To approve and enter into a License Agreement with Addison for installation of two ground signs and associated entry features within the County road right-of-way. CONSIDERATIONS: The Development Review Division of the Growth Management Department has received a request from Addison for the installation of two residential ground signs and associated entry features which would be located within Collier County right-of-way adjacent to land that was dedicated to the County from Addison’s predecessor in title. The dedication to the County by Addison’s predecessor in title was pursuant to a Planned Unit Development (PUD) commitment in Ordinance No. 2011-08, the Addie’s Corner PUD for relocating the Cocohatchee Canal associated with a future County transportation improvement project and for compensatory right-of-way for a turn lane serving the subject property. Currently, this future County transportation improvement project is not in the cost feasibility portion of the 2040 Long Range Transportation Plan (LRTP). As such, Addison has requested that the Board of County Commissioners (Board) consider the placement of these two signs and associated entry features in the County right-of-way through the License Agreement attached hereto. The requested signs will assist the public by providing information and entrance location closer to Immokalee Road instead of located within the Addison property approximately 200 feet to the north. The placement of the proposed signage and associated entry features in the road right-of-way is an exception to the County’s policy of not allowing commercial signage in the County’s road right-of-way. Per the terms of the License Agreement, the signs and associated entry features will be removed at the expense of Addison, including the restoration of the property to the condition in which it existed. The License Agreement requires approval by the Board because it is a policy decision on whether the Addison signage and associated entry features should be allowed in the County right-of-way. The License Agreement has been reviewed and approved by the County Attorney’s office. FISCAL IMPACT: The County will realize revenues as follows: Fund: Growth Management Fund 131 Agency: County Manager Cost Center: 138327 - Land Development Services Revenue generated by this project: Total: $1,000, plus the annual license fee of $555/year. GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this action. LEGAL CONSIDERATIONS: This item has been approved as to form and legality, and requires a majority vote for Board approval. - HFAC RECOMMENDATION: To enter into a License Agreement with CCC Addison, LLC for two ground signs and associated entry features in the County right-of-way. To authorize the Chairman to execute the License Agreement. Prepared by: John Houldsworth, Senior Site Plan Reviewer, Development Review Division 07/11/2017 ATTACHMENT(S) 1. LOCATION MAP (PDF) 2. License Agreement - 070317 (PDF) 07/11/2017 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.25 Doc ID: 3445 Item Summary: Recommendation to approve and enter into a License Agreement with Creekside West, Inc. for the purpose of the installation of two ground signs within County road right-of-way. Meeting Date: 07/11/2017 Prepared by: Title: Site Plans Reviewer, Senior – Growth Management Development Review Name: John Houldsworth 06/28/2017 8:45 AM Submitted by: Title: Project Manager, Principal – Growth Management Department Name: Matthew McLean 06/28/2017 8:45 AM Approved By: Review: Growth Management Department Judy Puig Level 1 Division Reviewer Completed 06/28/2017 9:52 AM Capital Project Planning, Impact Fees, and Program Management Trinity Scott Additional Reviewer Completed 06/29/2017 12:02 PM Growth Management Department Matthew McLean Additional Reviewer Completed 06/30/2017 12:38 PM Growth Management Department John Houldsworth Level 2 Division Administrator Skipped 06/28/2017 8:11 AM County Attorney's Office Heidi Ashton-Cicko Level 2 Attorney of Record Review Completed 07/03/2017 3:59 PM Growth Management Operations & Regulatory Management Kenneth Kovensky Additional Reviewer Completed 07/03/2017 4:07 PM Growth Management Department Kenneth Kovensky Additional Reviewer Completed 07/03/2017 4:07 PM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 07/03/2017 4:35 PM Budget and Management Office Mark Isackson Additional Reviewer Completed 07/05/2017 9:12 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/05/2017 3:06 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 07/05/2017 4:03 PM Board of County Commissioners MaryJo Brock Meeting Pending 07/11/2017 9:00 AM Collier BLVDImmokalee RD IMMOKALEE ROAD BURNT PINE DRIVE HOLLOW BROOK CIR DRIVEPEBBLEBROOKEBROKEN BACK ROADCOLLIER BOULEVARDBELLAIRE BAY DRIVEESPLANA DE BOULEVARD ESPLANADE BOULEVARDAMOUR COURTCAVANO STREET CAVANO STREET ESPLANADE BOULEVARDAMOUR COURTTRACT R-2 TRACT R-1 TRACT R-1 2 1 TRACT R TRACT R3TRACT 8 TR C-2TRACT C-6PARCEL L-1 NOTTINGHAM AT PEBBLEBROOKELAKES CONDO PARCEL 2 TRACT 8TR C-5 TRACT 4TRACT 1 TRACT R-1TR FTRACTL-2 TRACT G TRACT 2 9 68 27 27.2 TRACT R1 TRACT L3TRACT L5 TRACT L4 TRACT L2TRACT O6TR O4TRACT O1TRACT O1TRACT O1TRACT O1 TRACT L1 TRACT GC1 TRACT S TRACT C TRACT R2 TRACT R2TRACT GC1 TRACT R2 TRACT GC1 TRACT R2TRACT R1X11X10 X70 X23 X26 À1 À1 À2 À69À79À81À78À80À75À76À77 À66 À63À74À71À67À64À72À65À70À73À68 À2 À1 À1 À1 À46À27À25À55À61À59À26À57À60À56À62À58 À45À28À24 À29 À44 À52À54 À47À51À49À53À50À48À23À30 À43 À11 À42À31 À3 À2À10À32À41À39À33À37À40À36À35À38À34 À1À9 À8 À1 À7 À6 À1 À5 À2 À4 À3 À1 À1À1À1À2À2À3À4 À1 À3 À1 À1 À1 À1 À1 À1 À1 À1 À1 À1 À1 À1 À1À2 À3À4À5À6À7 À8À9À10À11 À12 À24 À25 À26 À27 À28 À29 À30 À31 À35 À36 À37 À38 À39 À40 À41 À42 À43 À44 À45 À46 À47 À48 À49 À50 À51 À52 À53 À54 À55 À56 À57 À58 À59 À60 À61 À62 À63 À64À65À66 X27.3 DRI PUD RPUD PUD MPUD A MPUD TREEFARM ESPLANADE GOLFAND COUNTRYCLUB OF NAPLES HERITAGEBAY RICHLAND ADDIE'SCORNER Location Map Zoning Map Petition Number: PL-2015-1776 PROJEC TLOCATION SITELOCATION ¹ Docu ment Path: M:\GIS_Requests\2016\06-June\0 6-17-2016 PL 201500017 76\workspace\site-location.mxd LICENSE AGREEMENT THIS LICENSE AGREEMENT ("Agreement") is made this day of , 2017, by the BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA, a political subdivision of the State of Florida ("BOCC" or "County"), having its principal address at 3299 Tamiami Trail East, Naples, Florida 34112, in favor of Creekside West, Inc., a Florida corporation ("Addison"), having its principal place of business at 2600 Golden Gate Parkway, Naples, Florida 34105. BACKGROUND A. BOCC owns a 1.5 acre parcel of land located adjacent to Immokalee Road, Florida as described in the Warranty deed dated October 15, 2014 between Happy #4 Family Corporation and Collier County and recorded in OR Book 587, Page 93 of the Public Records of Collier County, Florida (the "Property"); B. The Property is held by Collier County in fee simple as right-of-way for future improvements to Immokalee Road; C. The Property is not presently needed for County improvements; D. Addison owns the property described in Exhibit "A" attached hereto and incorporated herein, also known as the Addie's Corner Planned Unit Development (the "Addison Parcel"); E. The Addison Parcel is located north of the Property; F. Pursuant to the transportation commitment in Ordinance No. 2011-08, Happy #4 Family Corporation dedicated the Property to Collier County to relocate the Cocohatchee Canal, as compensatory right-of-way for the turn lane into the Addie's Corner Planned Unit Development and for future Collier County improvements to Immokalee Road; G. The future Collier County improvements to Immokalee Road are associated with a transportation project not yet scheduled in the 2040 Long Range Transportation Plan; [17 -EIS -03572/1348991/1)79 1 7/3/17 H. The dedication of the Property to Collier County results in a distance of approximately 200 feet from the allowable location of a signage and entry features within the Addison Parcel to the nearest travel lane on Immokalee Road; I. Addison desires to construct signage and entry features within the Immokalee Road Right -of -Way at the location shown in Exhibit "C" which would remain under the terms of this Agreement until the Property is needed for County purposes; J. Locating signage and entry features at the location shown in Exhibit "C" instead of the Addison Parcel will better allow for motorists travelling on Immokalee Road to identify the location of the entrance to the Addison Parcel; K. BOCC has determined the Addison's request for signage and entry features within at the location shown in Exhibit "C" is, as a matter of health, safety, and welfare, in the best interest of the citizens of Collier County, Florida, and BOCC will grant a license to Addison to construct and maintain signage and entry features on specified locations shown in Exhibit "C" in accordance with the terms of this Agreement.; L. BOCC in its discretion agrees that Addison may construct residential signage and entry features at the location shown in Exhibit "C" until BOCC needs the Property for county purposes or unless a safety issues arises; and M. The parties have entered into this Agreement to evidence their understanding. NOW, THEREFORE, for a good and valuable consideration, receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: The above recitals are true and correct and are incorporated herein. 2. BOCC hereby grants a temporary license to Addison to enter upon the Property and construct and repair, as needed, two (2) freestanding monument signs and associated entry features based on the renderings attached as Exhibit "B". The location for the signage and entry features are set forth on Exhibit "C". The signage and entry features shall not be used as structural support for any private roadway improvements. The location of the signage and entry features shall be subject to the approval of a Collier County Right -of -Way Permit for the signage and entry features location. [17 -EIS -03572/1348991/1]79 2 7/3/17 3. This license will exist until terminated pursuant to the terms hereof. 4. Addison may clear vegetation within the Property and shall maintain the Property, upon approval of a right-of-way permit, until such time as Collier County needs the Property for County purposes. Beginning 30 days after right-of-way permit approval, and annually thereafter, Addison shall pay to County the sum of $555 per year based on the valuation in the short form appraisal attached as Exhibit "D". 5. Either party may terminate this Agreement, in whole or in part, for any reason by providing ninety (90) days prior written notice to the other party ("Notice of Termination"). In the event that either party provides a Notice of Termination, Addison shall remove the signage and entry features and restore the Property to the condition it existed as of the date hereof by the termination date set forth in the Notice of Termination. In the event the signage and entry features are not removed by the termination date set forth in the Notice of Termination, the County may remove the signage and entry features and dispose of it. County shall not be responsible for compensation, costs or damages of any kind resulting from the County's removal of the signage and entry features. To ensure that the cost of removal of the signage and entry features is borne by Addison, Addison shall post a cash bond in the amount of $5000 upon issuance of the right-of-way permit, which may be called upon by the County if the County removes the signage and entry features in accordance with this paragraph. 6. Addison shall be responsible for, and shall defend, indemnify and hold harmless BOCC against and from any and all liability or claim of liability demands and causes of action, which may arise as a result of Addison's performance or activities under this Agreement, together with all costs and reasonable attorney's fee for defending the same, arising out of: (a) any failure on the part of Addison to perform or comply with any of the terms hereof, (b) performance of any labor or services or the furnishing of any materials in respect to the construction or maintenance of the signage and entry features installed on the Property pursuant to the terms hereof; (c) any negligent, intentionally tortuous, or other act or omission of Addison or any of its employees, agents, licensees or invitees solely as it may relate to this Agreement; and (d) any patent or latent defect in the signage and entry features caused by Addison or any of its employees or agents. 7. Except as and if otherwise provided herein, all notices, request and demands to or upon the respective parties hereto shall be in writing and shall be deemed to have been given or made five (5) business days after a record has been deposited in the mail, postage prepaid, or one (1) business day after a record has been deposited with a recognized overnight courier, charges prepaid or to be billed to the sender, or on the day of delivery if delivered manually with receipt acknowledged, in each case addressed or delivered: [17 -EIS -03572/1348991/1]79 3 7/3/17 To BOCC at: 3299 Tamiami Trail East Naples, FL 34112 Attn: Chairman With a copy to: County Attorney's Office 3299 Tamiami Trail East, Suite 800 Naples, FL 34112 Attn: Jeffrey A. Klatzkow, County Attorney To Addison: 2600 Golden Gate Parkway Naples, FL 34105 Attn: David Genson, P.E. With a copy to: Coleman, Yovanovich & Koester, P.A. 4001 Tamiami Trail North, Suite 300 Naples, FL 34103 Attn: Richard D. Yovanovich, Esq. 8. Subject to Paragraph 9, this Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto, their heirs, personal representatives, successors, or assigns and shall run with the land. 9. Addison may assign this Agreement to CCC Addison, LLC, otherwise Addison may not assign this Agreement without BOCC's express prior written consent which consent shall not be unreasonably withheld. 10. This Agreement may not be changed, modified or amended, except in writing by an instrument executed by the parties hereto. 11. If any term or provision of this Agreement or the application thereof to any party, person or circumstance shall, to any extent, be declared invalid or unenforceable by a court of law, the remainder of this Agreement, or the application of such term or provision to parties, persons or circumstances other than those to as to which it is held invalid or unenforceable, such term or provision shall be modified to the minimum extent necessary to make it or its application valid and enforceable, and the validity and enforceability of all other terms and provisions of this Agreement and all other application of any such term or provision shall not be affected thereby, and each term and provision of this Agreement shall be valid and enforced to the fullest extent permitted by law. 12. This Agreement shall be construed and enforced in accordance with the laws of the State of Florida, exclusive of choice of law rules. Venue for any legal action arising out of [17 -EIS -03572/1348991/1)79 4 7/3/17 this Agreement shall lie exclusively in the state courts of Collier County, Florida. In the event of any litigation hereunder, the prevailing party shall be entitled to recover, in addition to other remedies, reasonable attorney's fees and all costs incurred in connection with any such litigation whether incurred prior to trial, during trial, on appeal, or in bankruptcy. 13. This Agreement constitutes the entire understanding of the parties, and all previous agreements and understandings are superseded by this Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above. Creekside West, Inc. BOARD OF COUNTY COMMISSIONERS A Florida corporation COLLIER COUNTY, FLORIDA S Print Name: Print Title: Approved as to form and legality: Heidi Ashton-Cicko Managing Assistant County Attorney STATE OF FLORIDA COUNTY OF COLLIER PENNY TAYLOR, Chairman The foregoing Agreement was executed before me this day of , 2017, by , as of the Creekside West, Inc., a Florida corporation, who is personally known to me or who produced as identification. Notary Public Name Certificate No. My Commission expires [ 17-E I S-03572/1348991/1179 S 7/3/17 EXHIBIT A LEGAL DESCRIPTION PARCEL 1: THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. PARCEL 2: THE SOUTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, LESS AND EXCEPTING THE SOUTH 100 FEET THEREOF. PARCEL 3: THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. LESS AND EXCEPTING THE FOLLOWING DESCRIBED LANDS FROM SAID PARCELS 2 AND 3: A PARCEL OF LAND LOCATED IN A PORTION SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN N.89057'31"W., ALONG THE SOUTH LINE OF SAID SECTION 22 FOR A DISTANCE OF 660.31 FEET TO A POINT ON THE EAST LINE OF THE WEST HALF OF THE SOUTH EAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00044'46"W., ALONG SAID EAST LINE FOR A DISTANCE OF 100.01 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF IMMOKALEE ROAD, A PUBLIC RIGHT-OF-WAY OF VARYING WIDTH, THE SAME BEING A POINT 100.00 FEET NORTH OF AS MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 22, THE SAME BEING THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREIN DESCRIBED; THENCE RUN N.89°57'31" W. ALONG THE NORTH RIGHT-OF-WAY LINE OF SAID IMMOKALEE ROAD PARALLEL TO THE SOUTH LINE OF SAID SECTION 22, FOR A DISTANCE OF 824.90 FEET TO A POINT ON THE WEST LINE OF THE EAST HALF OF THE EAST HALF OF THE EAST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00°38'21" W. ALONG SAID WEST LINE, FOR A DISTANCE OF 43.75 FEET; THENCE RUN N.85007'28"E. FOR A DISTANCE OF 826.89 FEET TO A POINT ON SAID EAST LINE; THENCE RUN S.00°44'46"E., ALONG SAID EAST LINE FOR A DISTANCE OF 114.63 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED. PARCEL 4: THE SOUTH 100 FEET OF THE THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA. EXHIBIT A CONTAINING 21.83 ACRES MORE OR LESS EXHIBIT B fsefwf�I,l Co Lv" AAID 4AUk- -ruosIT10A Weld, Z'- C:,' mmom /, x V ,X \APARTML- W - o"" Z`- I' = 3".2,'. Sr - A\T,-t)(SL4_T-tAC5 a sick w ;vTREE FARM a PUD ESPLANADE GOLF ANDUT COUNTRY CLUB \I/,2 'N v, I im I i I In I I I I I I.., I r, I i I 11I S 'PENINSULA ENGINEERING -I\'II EN(;INL I RI N1. LANU.S, API A10 Illllt 1( 1 • ENVIRONMLNIAL CONSULTING IANII I'I ANNINI SRF PIANNINC CON5TRUCT Is!N ni SNA(;I nal N 1 OWNER REPRESEN IA I VF 2600 Golden care Parkway Naples. Florida 34105 ' Phnne: 239.403.6100239361.3797 L" II. Info®peneng— "I'll:—Perteng.<am r l.� iAa (:enificate of Aullwmarion #28275 ft 1 I II TREE FARM r ADDIE'S CORNER PUD COMMERCIAL COLLIER COUNTY R.O.W. PARCEL (WIDTH VARIES) — COCOHATCHEE CANAL — _ F-7 _ — --- 250' IMMOKALLE ROAD R.0 W. ri n - t1� - -"• II III i x y y PROJECT: ADDIE'S CORNER TITLE: OWNER/CLIENT/CONSULTANT: SEC: 22 TWPA8S RGE: 26E Designed by: ALEJANDRO Awn VILA EXHIBIT "C'F ADDIE'S CORNER CREEKSIDE WEST, Dram by: ALEJANDRO AVILA Date: JUN °`awingSca1e: '"-='°°' 300' INC. Project Number: P-CRKW-005-005 COVER SHEET File Number: P-CRKW-005-005-X30-1 C—X30 Sheet Number: 01 of 03 ESPLANADE GOLF AND COUNTRY CLUB PROPOSED ENTRY —y SIGN O p0 PROPOSED GUARDRAIL mm I � m0 c z O T EX.11'TRAVEL LANES EX.14'LEFT TURN LANE ']- 'PENINSULA PROJECT, ENGINEERING Cn'0L—INTRIN, tANDS(ANARCHRICIU91 ADDIE'S CONSUEIINTIONMA PUNNING. • ENTEPLAN PLANNING SITE PLANNING REIC TION MANAGEMENT CORNER ER RE OWNER REPRESEN UTNE ALEJANDRO AVILArawn 2600 Gdden CaM Parkway '. Naples. Florida 34105 ALEJANDRO AVILA ' Phone: 239.403.6)00 Eax: 239.261.1]9] CREEKSIDE WEST, tmail: i'fn4dl-"-rnR.cam WNf.im..r •n.pen. nh.rnm JUNE 2017 'I da uihor a1x2.- ADDIE'S CORNER COMMERCIAL o 12' MULTI -USE PATH Il _J ----- --------- EXISTING 24" FORCE MAIN ____________________ ____ EXISTING 24" WATER MAIN __.—" VIA a i NO 11441 maJfltv PROPOSED ENTRY F— BRIDGE BRIDGE RAIL TO BE EXTENDED TO PROPOSED SIGN PROPOSED ENTRY SIGN IV O FF A 0 mm N �� D � Z � l IMMOKALEE ROAD EX. LEFT TURN LANE EX. 12' RIGHT TURN LANE EX. 11`TRAVEL LANES TITLE. OWNER/CLIENT/CONSULTANT: SEC: 22 TWP:48S RGE: 26E Designed by: ALEJANDRO AVILArawn EXHIBIT "C" Dby: ALEJANDRO AVILA CREEKSIDE WEST, Date: JUNE 2017 ADDIE'S CORNER Drawing Scale: 1"=30' INC. Project Number: P-CRKW-005-005 SIGN LOCATIONS File Number: P-CRKW-005-005-X30-2 C -X30 Sheet Number: 02 of 03 Exhibit D SHORT FORM APPRAISAL - COLLIER COUNTY GMD PROJECT NAME: Addie's Comer Sign Licensing (within Immokalee Road ROW) PARCEL NUMBER: Addison Place Signage Parcels (Addie's Comer) PARCEL AREA: 1,934 sf (aggregate) LOCATION: Immokalee Road (north side ROW) west of CR951 PURPOSE OF THE VALUATION: To estimate the market value of an annual 'license to use" land area for an adjacent property owner s signage to be located within Collier County ROW. MARKET VALUE DEFINED: The most probable price, as of a specified date, in cash or in terms equivalent to cash or in other precisely revealed terms, for which a property would sell (or be licensed for use) after reasonable exposure in a competitive market under all conditions requisite to a fair sale, with the buyer and the seller each acting prudently, knowledgeably, and for self interest, and assuming that neither is under any undue stimulus to act. PRESENT ZONING: Not Applicable -Public ROW. Zoning for nearby and FUTURE LAND USE: Urbani Residential Subdistrict/Mixed-Use. adjacent lands includes residential. commercial/mixed-use PUD tracts (Residential Density Band). and interim Agriculture zoning. HIGHEST AND BEST USE: Public ROW, Immokalee Road (inclusive of private entity uses allowed by permit and/or licensed uses within the public DESCRIPTION OF SUBJECT PROPERTY: The subject property "Parent Tract' consists of public ROW (north side of Immokalee Road) running east of Logan Boulevard and west of Collier Boulevard (CR951). An access road for the planned Addison Place MPUD is to be built running north off of Immokalee Rd just east of the Esplanade community. The commercial component of this planned development (close to Immokalee Road, just north along the Cocohatchee Canal) will be known as Addle's Corner. The developer wishes to place signage and associated entry features on both sides of the planned access road south of the Cocohatchee Canal within the Public ROW (north side of Immokalee Road). Collier County is willing to permit these placements by way of an annual licensing agreement. This Valuation Analysis calculates a fair Market Value' for an annual licensing payment for this use in these signage areas. The licensing agreement will include 2 separate signage'associated features areas. The aggregate size of the license to use land areas comes to 1,934 sf. The value of the annual license will be based upon the value of the underlying lands upon which the licensed uses will be located. This underlying land value is calculated using an "Across the Fence" methodology for valuing ROW lands. This method pegs the value of the ROW lands to the value of the lands adjacent to the ROW. DISCUSSION OF COMPARABLE SALES AND EXPLANATION OF ADJUSTMENTS: The Following Land Sales are used to estimate the value of the subject property lands using the Sales Comparison Approach: 1 Addison Place PUD: N/S Immokalee Rd, Naples Sale Price: $1,850.000 Sale Date: 8/15 21.83 acres 2. Immokalee Rd-Woodcrest Rd S/W corner, Naples Sale Price: $1.475,000 Sale Date: 5/16 10.36 acres 3. 200 Livingston Rd, north of Immokalee Rd, Naples Sale Price $2.250,0000 Sale Date: 2/16 15.23 acres Page of__ SHORT FORM APPRAISAL - COLLIER COUNTY GMD DISCUSSION OF COMPARABLE SALES AND EXPLANATION OF ADJUSTMENTS Sale #1 shows an indicated unit price of 584,745/acre. This property is located just north of the Immokalee Rd ROW being valued (the signage for this development is the subject of the license valuation being estimated herein). Planned mixed development. Sale #2 shows an indicated unit price of $142,3751acre. This property is located on the south side of Immokalee Road on the SM! corner of Woodcrest Road. Planned residential development This tract is located east of Collier Blvd but within the Urban Designated FLU. Sale #3 shows an indicated unit price of S147,734,acre. This property is located east of Livingston Road and 1.5 miles north of Immokalee Road. Planned residential development. Land values have been rising for development tracts in the Naples market over the past several years. While sale #1 is most proximate to the parent tract ROW it is also the most dated sale. Comps #2 and 3 are more recent sales but further removed from the parent tract ROW. Multiple factors considered, a mid-range unit price of $125.000iacre (or S2.87'sf) is judged to be most reasonable for the Immokalee Road ROW underlying land value in this area ("Across the Fence' methodology). Underlying Unit Price (subject lands): $125,0001acre or $2.871sf CALCULATION OF ANNUAL LICENSE VALUE: The land area to be licensed includes signage footprint, associated entry features and maintenance areas. The aggregate size of the license areas comes to 1.934sf (calculated by others). Using the underlying land value unit price estimated above ($125,000/acre or $2.87sf) and a common-use/typical land capitalization rate of 10%. The annual license fee is estimated as: 1,934sf x $2.871sf x 10% = $555 per year ESTIMATED VALUE OF ANNUAL LICENSE: 555. LAST PROPERTY INSPECTION DATE: NIA II DATE OF VALUE: 0612812017 SIGNATURE OF APPRAISER: C' / APPRAISER'S NAME: Harry Henderson, SRA I have not previously provided appraisal services involving the subject property. I have no past, current or contemplated future interest in the subject property. Page 2 Of C SHORT FORM APPRAISAL - COLLIER COUNTY GMD CF.RTIPICA'1L OF APPRAISAL. 1 hereby certify that, to the best of my knowledge and belief... . The statements of fact contained in this report are true and correct. The reported analysis, opinions. and conclusions are limited only by the reported assumptions and limiting conditions, and are my personal. unbiased professional analyses, opinions and conclusions. I have no present or prospective interest in the property that is the subject of this report. and I have no personal interest or bias with respect to the parties involved. My compensation (neither salary nor bonus) is not contingent upon the reporting of a predetermined value or direction in value that favors the cause of my employer, the amount of the value estimate. the attainment ofa stipulated result. or the occurrence ol'a subsequent event. My analyses, opinions and conclusions were developed. and this report has been prepared, in conformity with the Unitorm Standards of Professional Appraisal Practice. Acceptance and utilization of this appraisal report. or any portion thereof. constitutes acknowledgment and acceptance of all the General Assumptions and Special Conditions contained herein. I have made a personal inspection of the property which is the subject of this report. Unless specifically mentioned in the body of the report. and only to the extent mentioned, no one other than the undersigned contributed any significant assistance in developing the analyses. assumptions and conclusions contained in this report. Page 3 /-", r,l U-�� Harry Henderson. SRA Review Appraiser Collier County. Florida RD3475 Page of EXHIBIT C W Q U TREE FARM PUD ESPLANADE GOLF AND COUNTRY CLUB A& l - - - - TREE FARM ADDIE'S CORNER ( PUD II COMMERCIAL LLIER COUNTY R.O-W. PARCEL (WDTN VARIES) -}I - COCOHATCHEE CANALto NTRY SIGN 250' IMMOKALLE ROAD ROW J �I �I �l j I i,l �r. .:..%.. TITLE. OWNER/CLIENT/CONSULTANT SEC 22 1WP 485 RGE 26E PEN1 NSU LA Deepnea ALEJANDRO AVILA ENGINEERING ADDIE'S EXHIBIT "C" Date ALEJAN JUNE RO LA CREEKSIDE WEST, Date JUNE 2o„ ADDIE'S CORNER °"�^°�"° CORNER INC. Project Number P.CRKW- 005-0OS COVER SHEET Fue Number P-CRKW-D05A05-X30-1 C -X30 �• ��i� ine.,�1• Sheer Number 07 41 03 Page '� of E XHIBIT C ADDIE'S CORNER ESPLANADE GOLF -A- COMMERCIAL AND COUNTRY CLUB 12 MULTI -USE PATH ------------------ EXISTING 24' FORCE MAIN • - - - - - - - - - - ---�QXISTING24'WATER MAIN PROPOSED ENTRY SIGN PROPOSED GUARDRAIL - 0 W A 0 c z 0 — EX 1 1 'TRAVEL LANES X "I. LEFT TURN LANE ,--- — _ p _ PROPOSED ENTRY BRIDGE BRIDGE RAIL TO BE EXTENDED TO PROPOSED SIGN PROPOSED ENTRY SIGN M M 909 EX. 12' RIGHT TURN LANE EX. I I'TRAVEL IMMOKALEE ROAD LANES EX. LEFT TURN LANE -Page 3- of PROJECT TITLE OWNERICLIENTICONSULTAN' SEC 22 rAP 45S RGE 26E PENINSIJ771� O-�,d ALEJANDRO AALA ENGlNEER,lN,G,',A EXHIBIT "C" by "' ALEJANDRO AIALA DwIt ADDIFS CREEKSIDE WEST, E 2017 JU"F=30 ADDIE'S CORNER S k, TF = 30 CORNER INC. ROJM P-CRKW4)05-005 SIGN LOCATIONS F.I,N—b. P-CRKW.005-005-X30.2 C -X30 02 nr 03 -Page 3- of ESPLANADE GOLF AND COUNTRY CLUB IMMOKALEE ROAD ADDIE'S CORNER COMMERCIAL LVI..VT'1HTLITtC I.HIVHL�-`T- �-�"' �—PROPOSED ENTRY ....<•.'.•• SIGN LANDSCAPE INSTALLATION ONLY SIGN LEASE AREA ( 1,934 SF) Page PROJECT "".. OWNER/CLIENUCONSULTANT SEC 22 T_Nro485 RGE 26F PENINSULAD—peu W ALEJANDRO AVI A ENGINEERING EXHIBIT "C' 0— w ALEJANDRO AVILA ADDIE'S CREEKSIDE WEST, °ire UNE 201' ADDIE'S CORNER Uavengleak =�0' ww " CORNER INC PfoJ� Number P-CRKW-005-005 SIGN LEASE AREA FileNumoa P-CRKW-005-005-X30-3 C -X30 Ehret NOmbBI 03 n 03 Page EXHIBIT A LEGAL DESCRIPTION PARCEL 1: THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. PARCEL 2. THE SOUTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA, LESS AND EXCEPTING THE SOUTH 100 FEET THEREOF. PARCEL 3: THE EAST 1/2 OF THE EAST 1/2 OF THE EAST 1/2 OF THE SOUTHWEST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, LESS AND EXCEPT THE SOUTH 100 FEET THEREOF, COLLIER COUNTY, FLORIDA. LESS AND EXCEPTING THE FOLLOWING DESCRIBED LANDS FROM SAID PARCELS 2 AND 3: A PARCEL OF LAND LOCATED IN A PORTION SECTION 22. TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA. BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCE AT THE SOUTHEAST CORNER OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA; THENCE RUN N.89°57'31"W., ALONG THE SOUTH LINE OF SAID SECTION 22 FOR A DISTANCE OF 660.31 FEET TO A POINT ON THE EAST LINE OF THE WEST HALF OF THE SOUTH EAST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22, THENCE RUN N.00044'46"W., ALONG SAID EAST LINE FOR A DISTANCE OF 100.01 FEET TO A POINT ON THE NORTH RIGHT-OF-WAY LINE OF IMMOKALEE ROAD, A PUBLIC RIGHT-OF-WAY OF VARYING WIDTH, THE SAME BEING A POINT 100.00 FEET NORTH OF AS MEASURED AT RIGHT ANGLES TO THE SOUTH LINE OF SAID SECTION 22, THE SAME BEING THE POINT OF BEGINNING OF THE PARCEL OF LAND HEREIN DESCRIBED, THENCE RUN N.89°57'31" W. ALONG THE NORTH RIGHT-OF-WAY LINE OF SAID IMMOKALEE ROAD PARALLEL TO THE SOUTH LINE OF SAID SECTION 22, FOR A DISTANCE OF 824.90 FEET TO A POINT ON THE WEST LINE OF THE EAST HALF OF THE EAST HALF OF THE EAST HALF OF THE SOUTHWEST QUARTER OF THE SOUTHEAST QUARTER OF SAID SECTION 22; THENCE RUN N.00°38'21" W. ALONG SAID WEST LINE, FOR A DISTANCE OF 43.75 FEET; THENCE RUN N.85007'28"E. FOR A DISTANCE OF 826.89 FEET TO A POINT ON SAID EAST LINE; THENCE RUN S.00044'46"E., ALONG SAID EAST LINE FOR A DISTANCE OF 114.63 FEET TO THE POINT OF BEGINNING OF THE PARCEL HEREIN DESCRIBED. PARCEL 4: THE SOUTH 100 FEET OF THE THE NORTH 1/2 OF THE WEST 1/2 OF THE SOUTHEAST 1/4 OF THE SOUTHEAST 1/4 OF SECTION 22, TOWNSHIP 48 SOUTH, RANGE 26 EAST, COLLIER COUNTY, FLORIDA. Page _�_ of EXHIBIT A CONTAINING 21.83 ACRES MORE OR LESS Page � of —L EXHIBIT B `j .j _i 3 5 SEjdaR:Q1e� f$N E ,.P to x At - ° ... �a.-_...... ,,. v' •. ,_-<.t.- _ s� _. _-_. _.. k�-:: $:as. -a.- ,..o_d _ -...-crb�.:a�-rr�ess-., :....... .._ �,�-x,�-..�.�c;.�G71��-+�as�s�T '7�1s�-. Page -L of—�