Agenda 02/28/2012 Item #16A 82/28/2012 Item 16.A.8.
EXECUTIVE SUMMARY
Recommendation to approve a Release of Lien for the Crestview Park Apartments Phase I
due to the impact fees being paid in full in accordance with the Multi - family Rental Impact
Fee Deferral Program, as set forth by Section 74- 401(e) and 74- 401(8) (5) of the Collier
County Code of Laws and Ordinances.
OBJECTIVE: That the Board of County Commissioners (Board) approves and authorizes the
Chairman to sign a Release of Lien for the Crestview Parks Apartments Phase I due to the
impact fees being paid in full in accordance with the Multi- family Rental Impact Fee Deferral
Program, as set forth by Section 74- 401(e) and 74- 401(g) (5) of the Collier County Code of
Laws and Ordinances (Code).
CONSIDERATIONS: The Multi - family Rental Impact Fee Deferral Program was originally
adopted by the Board on December 12, 1992. The Program currently provides a deferral of
impact fees for a period of ten years for qualified affordable rental projects. This timeframe has
previously been extended from a six year term to six years and nine months to the current term of
ten years. The program is limited to very low or low income households. The unit must be the
household's permanent residence and the head of household must be a legal resident or citizen of
the United States. Rental limits may not exceed the rental limits established by Florida Housing
Finance Corporation. The program is limited to 225 units per year, including any qualifying
Community Workforce Housing Innovation Pilot Program (CWHIP) units.
On March 15, 2006 a Deferral Agreement, in the amount of $1,403,545 was executed between
Collier County (County) and Crestview Park, Ltd. (Owner) for Phase I of the Crestview Park
Apartments. The deferral agreement stood in lieu of the impact fees otherwise due for the
subject construction of 208 affordable rental dwelling units. The deferral was secured with a Tri-
Party Agreement between the Owner, the County and PNC Bank. A corresponding lien was also
placed on the property in the amount of the deferral agreement.
On January 31, 2012, the impact fees were paid in full, in the amount of $1,403,545. In
accordance with Section 74- 401(g) (5) of the Code, staff and the County Attorney have prepared
a Release of Lien for approval by the Board and signature by the Chairman. The document will
be recorded in the public records of Collier County.
FISCAL IMPACT: Impact Fees have been paid and deposited in the respective Impact Fee
Trust Funds in the following amounts:
Packet Page -984-
2/28/2012 Item 16.A.8.
Impact Fee
Amount Paid
EMS
$19,344.00
Government Buildings
28,167.23
Jail
24,539.84
Library
29,563.69
Parks
207,018.24
Road (District 5)
922,896.00
School
172,016.00
TOTAL
$1,403,545.00
Upon payment, such funds became available to provide funding for growth- related capital
improvements.
GROWTH MANAGEMENT IMPACT: Objective 2 of the Capital Improvement Element
(CIE) of the Collier County Growth Management Plan (GMP) states: "Future development will
bear a proportionate cost of facility improvements necessitated by growth."
Additionally, Policy 1.4 of the Housing Element of the Collier County Growth Management Plan
states: "Collier County shall seek to distribute affordable- workforce housing equitably
throughout the county where adequate infrastructure and services are available. Programs and
strategies to encourage affordable- workforce housing development may include, but are not
limited to, density by right within the Immokalee Urban area and other density bonus provisions,
impact fee deferrals, expedited permitting (fast tracking), public private partnerships, providing
technical assistance and intergovernmental coordination. "
Impact Fees generate funds to be expended for capital improvements to public facilities
necessitated by growth. The deferral of impact fees for the subject property for the initial 6 year
term (or other specified term) was consistent with the Growth Management Plan and the impact
fee regulations in place at the time of execution of the Agreement.
LEGAL CONSIDERATIONS: This item is legally sufficient for Board action, and requires a
majority vote for approval. -JW
RECOMMENDATION: That the Board of County Commissioners approves and authorizes
the Chairman to sign a Release of Lien for the Crestview Park Apartments Phase I due to the
impact fees being paid in full in accordance with the Multi- family Rental Impact Fee Deferral
Program, as set forth by Section 74- 401(e) and 74- 401(g) (5) of the Collier County Code of
Laws and Ordinances.
Prepared by: Amy Patterson, Impact Fee and Economic Development Manager
Growth Management Division — Planning and Regulation
Attachments: 1) Proposed Release of Lien; 2) Deferral Agreement; 3) Official Receipt
Packet Page -985-
2/28/2012 Item 16.A.8.
COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.8.
Item Summary: Recommendation to approve a Release of Lien for the Crestview Park
Apartments Phase I due to the impact fees being paid in full in accordance with the Multi- family
Rental Impact Fee Deferral Program, as set forth by Section 74- 401(e) and 74- 401(8) (5) of the
Collier County Code of Laws and Ordinances.
Meeting Date: 2/28/2012
Prepared By
Name: PattersonAmy
Title: Manager - Impact Fees & EDC,Business Management &
2/2/2012 11:28:52 AM
Approved By
Name: PuigJudy
Title: Operations Analyst, GMD P &R
Date: 2/9/2012 5:04:56 PM
Name: FederNorman
Title: Administrator - Growth Management Div,Transportati
Date: 2/10/2012 3:59:03 PM
Name: MarcellaJeanne
Title: Executive Secretary,Transportation Planning
Date: 2/15/2012 7:56:31 AM
Name: KlatzkowJeff
Title: County Attorney
Date: 2/17/2012 9:40:20 AM
Name: UsherSusan
Title: Management/Budget Analyst, Senior,Office of Manage
Date: 2/20/2012 3:45:15 PM
Name: SheffieldMichael
Title: Manager- Business Operations, CMO
Packet Page -986-
Date: 2/21/2012 10:04:03 AM
Packet Page -987-
2/28/2012 Item 16.A.8.
This instrument prepared by:
Amy Patterson
Collier County Growth Management Division
2800 North Horseshoe Drive
Naples, Florida 34104
(239) 252 -5721
RELEASE OF LIEN
2/28/2012 Item 16.A.8.
KNOWN ALL MEN BY THESE PRESENTS: That Collier County, whose post office address
is 3301 East Tamiami Trail, Naples, Florida, 34112, the owner(s) and holder(s) of a certain
Impact Fee Agreement executed by Crestview Park Ltd. to Collier County, executed and
recorded on March 15, 2006 in Official Records Book 4001, Page 1720 of the Public
Records of Collier County, Florida, hereby does release from lien the real property described
in Exhibit "A" and Exhibit `B" (attached), owned by Crestview Park, Ltd.
The undersigned is authorized to and does hereby release this lien as to the whole of the above -
described real property and consents to this lien being discharged of record.
Dated this day of , 2012.
ATTEST: BOARD OF COUNTY COMMISSIONERS
DWIGHT E. BROCK, Clerk COLLIER COUNTY, FLORIDA
By:
, Deputy Clerk By: FRED W. COYLE, Chairman
Approved as to form
and legal sufficiency:
Jeq E. Pright
As ant County Attorney
Packet Page -988-
2/28/2012 Item 16.A.8.
0 w -- -
Exhibit "A" CRESTVIEW PARK APARTMENTS
A PARCEL OF LAND LOCATED IN A PORTION OF TRACT 2 AND TRACT'S .
ARROWHEAD RESERVE AT LAKE TRAFFORD - PHASE ONE ACCORDING TO THE
PLAT THEREOF AS RECORDED M PLAT BOOK 42, PAGES 94 THROUGH III OF
THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, BEING MORE
PARTICULARLY DESCRNM AS FOLLOWS:
OEM AT THE NORTHEAST CORNER OF TRACT 2, ARROWHEAD RESERVE AT
LAKE TRAFFORD - PHASE ONE ACCORDING TO THE PLAT THEREOF AS
RECORDED N PLAT BOOK 42, PAGES "THROUGH 111 OF THE PUBLIC
RECORDS OF COLLIER COUNTY, FLORIDA; THENCE RUN SA1'11b4"E, ALONG
THE EAST LINE OF SAID TRACT 2, FOR A DISTANCE OF 1,216.43 FEET; THENCE
RUN &W46''01 -W , FOR A DISTANCE OF 122.76 FEET; THENCE RUN
5.01.10'6sf"E., FOR A DISTAN ET; THENCE RUN 8.6864M-W., FOR
A DISTANCE OF 66.75 46'26"YY., FOR A DISTANCE OF
12629 FEET; THENCE STANCE OF 121AD FEET;
THENCE RUN N.66' FOR A DHSTANC FEET; THENCE RUN
N.06•31'2M., F A ANCE OF 217.41 ON THE WEST LINE
OF SAID TRACT -E., AL E WEST LINE OF SAID
TRACT 2. FOR A RU N20'40'42"E., ALONG
THE WEST LINE OF 66.43 FEET; THENCE
RUN N AO'034 G 2, FOR A DISTANCE
OF 100.7! FEET E N 1' , O O WEST LINE OF SAID
TRACT 2, FOR ; N.0WWW -W., ALONG
THE WEST LINE D TRACT FOR
RUN N.36'1T1 ONG THE WEST 71.2, FOR FEET; DISTANCE
OF 46.0! FEET; RUN N.74 SrI WEST LINE OF SAID
TRACT 2, FOR A D OF 160.77 FEET; UN N.01.11b4"W., FOR A
DISTANCE OF 200.40 FOR A DISTANCE OF
240.60 FEET; THENCE R AME OF 19CAS FEET TO A
POSIT ON THE EAST LINE ARROWMEAD RESERVE AT LAKE
TRAFFORD - PHASE ONE; THENCE RUN 5.01.11'04"E., ALONG THE EAST LINE
OF SAID TRACT'S', FOR A DISTANCE OF 60.44 FEET TO THE PONT OF
CONTAINING 556,642,3 SQUARE FEET OR 12.776 ACRES, MORE OR
LESS.
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Return to.
Lamm Bard
Operational Support & Hou dng
2800 N. Horseshe Drive
Napks FL 34104
3804322 2/28/2012 Item X16 A.8.
RECORDED in OPFIC - - -- - - -_- -- - - - - - -- --- -.., .,,
03/20/2006 at 01:00PN DWIGHT 8. BROCE, CLERK
REC 111 120.50
COPIES 14.00
RISC 1.50
Retn:
OPERATIONAL SUPPORT i HOUSING
2800 N HORSEHOI DR #400
NAPLES FL 34104
This apace for recording
AGREEMENT FOR 100% DEFERRAL OF COLLIER
COUNTY MACT FEES FOR MULTI - FAMILY
AFFORDABLE HOUSING
This Agreement for the Deferral of Impact Fees is entered into this /S day of March,
2006, by and between Collier County, a political subdivision of the State of Florida, through its
Board of County Commissioners,
Ltd., hereinafter referred to as "
WHEREAS, C
Impact Fee Ordinance, as it
"COUNTY," and Crestview Park,
" collectively
2001-1
— —7— /.
be amended from e tm tie j
"Parties."
ollier County Consolidated
referred to as the
"Impact Fee Ordinance," prove the deferral of im cf es for new multi - family, rental
dwelling units which qualify as affo 1
WHEREAS, Lloyd J. Boggio, as Manager and President of TCG Crestview Park, LLC.,
general partner of Crestview Park, Ltd., is the Owner's duly authorized agent; and
WHEREAS, Crestview Park, Ltd., has applied for a deferral of impact fees as required by
the Impact Fee Ordinance for the Crestview Park Apartments, hereinafter referred to as
"PROJECT," and a copy of said application is on file in the Operational Support and Housing
Department; and
WHEREAS, the County Manager, or his designee, has reviewed the OWNER'S
application for the PROJECT and has found that it complies with the requirements for an
affordable housing deferral of multi - family impact fees as required by the Impact Fee Ordinance;
and
Revised 03/06/06 (1342) 1 of 11
Packet Page -991-
IAA-1 �� ARA4
Or 2/28/2012 Item 16.A.8.
WHEREAS, the COUNTY desires to issue an impact fee deferral in the amount of One
Million Four Hundred and Three Thousand, Five Hundred Forty -Five and 00 /100 Dollars
(1,403,545.00) for six years from the first date that the impact fees were otherwise due and
payable for the PROJECT; and
WHEREAS, the Impact Fee Ordinance requires that the OWNER enter into an
Agreement with the COUNTY in order to defer payment of otherwise required impact fees; and
WHEREAS, pursuant to Section 74 -201 E. l.b. of the Impact Fee Ordinance, the County
Manager is authorized to execute certain Impact Fee Deferral Agreements on behalf of the
COUNTY; and
WHEREAS, by signing this Agreem e County Manager will approve a deferral of
impact fees for OWNER in suppo
NOW, THEREFOW ' i a ' of the forego ng Recitals and other good and
valuable consideration, the rcei d ci n o i ° ereby mutually acknowledged, the
Parties covenant and agree a o ,.
X1'"•;'1
1. RECITALS ORATED. o Recitals are true and correct
and are incorporated by reference`
2. LEGAL DESCREP 's legal description for the location of
the dwelling units (the "Dwelling Units ") that will have their impact fees deferred is attached
hereto as Exhibit "A," and the PROJECT's site plan is attached as Exhibit 11B," and both Exhibits
are incorporated by reference herein.
3. TERM. The OWNER agrees that the Dwelling Units shall remain affordable and
shall be offered for rent in accordance with the standards set forth in the Impact Fee Ordinance
for a minimum term of fifteen (15) years commencing from the date a certificate of occupancy is
issued for a particular Dwelling Unit; and that the term of the requirement to pay the PROJECT's
impact fees will be deferred for six (6) years from the date of the impact fees being due and
payable.
Revised 03/06/06 (1342) 2 of 11
Packet Page -992-
4. REPRESENTATIONS AND WARRANTIES.
warrants the following:
nn
. AAA! . InfM
� T1' 2/28/2012 Item 16.A.8.
The OWNER represents and
A. Each Dwelling Unit will, during the term of the Agreement, be soley
offered and available to a qualifying occupant/tenant.
B. At the commencement of any leasehold and throughout the duration
thereof, the households renting Dwelling Units must have a very low or low
income level, as those terms are defined in the Impact Fee Ordinance; and the
household's monthly rent must be within the affordable housing guidelines
established in the Impact Fee Ordinance,
C. Each Dwelling Unit must remain "affordab
the date its certificat R TR '
5. SUBSEQUENT A OR
Dwelling Unit which is subj e to �e mp femme Haan
subsequent renter, the Dwelling ni sh 1�.J
qualifying criteria set forth ' r
originally qualified as very toy' low income levy
Ir
increases by more than forty perce I above the
e" for at least fifteen (15) years from
YMENT. If OWNER rents a
that Dwelling Unit to a
sons or households meeting the
Q�Ome of any unit renter which
the Impact Fee Ordinance
income level described in the
Impact Fee Ordinance, then the per u�t— _ act 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 Dwelling Unit as affordable housing, or six years from the date such
impact fees are deferred, whichever occurs first, 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 Dwelling Units for affordable housing
for at least fifteen (15) years from the date the first certificate of occupancy was issued for a
Dwelling Unit.
Revised 03/06/06 (1342) 3 of 11
Packet Page -993-
r AAA4 %A_ AFlAA
2/28/2012 Item 16.A.8.
6. ANNUAL REPORT. Annually, OWNER of the Dwelling Unit shall provide to
the Operational Support and Housing Department an Affidavit attesting to compliance with the
affordable housing qualification criteria and standards set forth in the Impact Fee Ordinance. Said
Affidavit must be filed with the County Manager and is due within thirty (30) days of the
anniversary date of the issuance of the first dwelling unit's certificate of occupancy. Any Dwelling
Units monitored by the Florida Housing Finance Corporation or 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
monitoring report by any other state or federal agency will be forwarded to the Collier County
Operational Support and Housing Department.
7. LIEN. OWNER
commencing on the effective dot
constitute and be a lien in th4l amou
f
Hundred Forty-Five and 09/10
Dwelling Units which lien qiAy be-
requirements of this Agreeme
OWNER agree that by, and ink
OWNER to the COUNTY as further
ount of deferred impact fees,
this Agreement and tin _ing until paid or released, will
���o 'Qne,Million our H drW and Three Thousand, Five
lY s (l, .0 ejj PROJECT'S property and
�rec n ev `fig.' f non - compliance with the
ded that the O - i // ortgagor, the COUNTY and
lion of, ayrcollateral being provided by the
t tat�
e n Tri -P arty Agreement by and among
OWNER, COUNTY and PNC Bank, National Association, as escrow agent (in such capacity,
"ESCROW AGENT"), dated as of even date herewith (the "Tri-Party Agreement "), that all of the
COUNTY'S lien rights and any other interests arising under this Agreement are to be considered
junior, inferior, and subordinate, in lien and payment, to each first mortgage on the PROJECT,
including that certain Mortgage, Security Agreement, Assignment of Leases and Rents and
Fixture Filing, dated as of June 16, 2005, by OWNER for the benefit of PNC Bank, National
Association, as mortgagee (in such capacity, "MORTGAGEE") (the "PNC Mortgage "), and to
the lien and payments secured by, and due under, the PNC Mortgage. Except as elsewhere noted
in this Agreement, such lien shall be superior and paramount to the interest in the Dwelling Unit
Revised 03/06/06 (1342) 4 of 11
Packet Page -994-
07 AAA ww 4"^M
2/28/2012 Item 16.A.8.
of any owner, lessee, tenant, mortgages, or other person except that this lien shall be on parity
with any lien for County taxes.
8. RELEASE OF LIEN. 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.
9. BINDING EFFECT. This Agreement shall be binding upon the Parties to this
Agreement, their heirs, successors, and assigns. In the case of sale or transfer by gift of any
Dwelling Unit, the original OWNER shall remain liable for the impact fees deferred until said
impact fees are paid in full.
10. RECORDING. Thi 'A ded by OWNER at the expense of
OWNER in the Official Recor Hier County, Florida thi sixty (60) days after execution
of this Agreement by the Co ty e .
11. DEFAULT. alb a eement:
A. if 0 to op rt rdance with the affordable
housing stand d qualification t 'a `blished in the Impact Fee
11F, L
Ordinance, and th 1 , ails to pay F fees due within thirty (30) days
of mailing of written notiii pliance,
B. if OWNER continues to violate one of the affordable housing qualification
criteria in the Impact Fee Ordinance for a period of fifteen (15) days after mailing
of written notice of such violation, or
C. with respect to the Annual Report, once a fifteen (15) day grace period
from the date of the report being due has expired, the OWNER will thereafter be
in default.
D. County agrees to accept or reject cure tendered by any partner of Owner
on the same basis as if the Owner tendered such cure. Notice to Owner shall
Revised 03/06/06 (1342) 5 of 11
Packet Page -995-
or nn. n. 4nAr
2/28/2012 Item 16.A.8.
concurrently by provided to its limited partners and to ESCROW AGENT. (See
attached notice information.)
12. REMEDIES. The following remedies are cumulative with any other right or
remedy available b the COUNTY:
A. Should the OWNER of the property:
1) fail to comply with the said qualification criteria at any time during
the fifteen (15) 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 _�tten notification of said violation.
B. Should the efault of this Agreement, and the
default is not c re 'thin ninety (90) day of mailing written notice to the
OWNER, the NCO _m a civi action to eiforce the Agreement.
C. In adiiti a 'liell $i a b ielo, or otherwise enforced by the
COUNTY, b � on r sui n equw ng 4 reclosure of a mortgage on
real property. OLJNTY shall ' , �n '� tl recover all fees and costs,
including attorney lus inter �ttite statutory rate for judgments
calculated on a calendar
Notwithstanding anything in this Agreement to the contrary:
(a) If a default or event of default occurs under this Agreement and is continuing,
COUNTY agrees that without the prior written consent of MORTGAGEE, COUNTY will not
commence foreclosure proceedings with respect to the property or exercise any other rights or
remedies it may have against OW1 ER hereunder, at law or in equity, including, but not limited to,
accelerating the indebtedness evidenced by this Agreement, appointing (or seeking the
appointment of) a receiver or exercising any other rights or remedies hereunder unless and until it
Revised 03/06/06 (1342) 6 of 11
Packet Page -996-
AAA4 nn. 4rINr
Or2/28/2012 Item 16.A.8.
has given MORTGAGEE at least 30 days' prior written notice at the address set forth in the
attached notice information; provided, however, that nothing herein shall prohibit COUNTY from
receiving payments in accordance with the terms and conditions of the Tri-Party Agreement of
amounts then - available, and interest thereafter earned on such amounts, in the escrow account
maintained by ESCROW AGENT, pursuant to such Tri -Party Agreement;
(b) OWNER agrees that upon the occurrence of a default or event of default under the
PNC Mortgage, OWNER shall promptly provide notice of such default or event of default to
COUNTY, and OWNER further agrees thereafter not to make any payments under or pursuant to
this Agreement (including, but not limite act fees, interest, additional interest, late
� . coo
payment charges, default interestu interest, fees, or any other sums evidenced
and secured by this
(c) COUNTY
from MORTGAGEE, with
OWNER on amounts arisi
payments under or pursuant to
additional interest, late payment charges,
:fin consent of MORTGAGEE; and
i c efa It under the PNC Mortgage
ng of to accept payments from
and secur eb UNTY will not accept any
Y
nt (inclu of limited to, impact fees interest,
-1 CA- '
a erest, statutory interest, attorney's fees, or any
other sums evidenced and secured by this Agreement) without the written consent of
MORTGAGEE; provided, however, that COUNTY may, in accordance with the terms and
conditions of the Tri-Party Agreement, accept payments of amounts then - available, and interest
thereafter earned on such amount, in the escrow account maintained by ESCROW AGENT
pursuant to the Tri -Party Agreement.
OWNER and COUNTY agree and acknowledge that PNC Bank, National Association, as
MORTGAGEE, is an intended, third -party beneficiary of this Agreement.
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Packet Page -997-
". IAAA RA ARAPR
2128/2012 Item 16.A.8.
13. As the amount of impact fees being deferred by this Agreement is an estimate based
upon projected impacts which will not be precisely known until buildingpermits are issued for the
subsequent construction of the units contemplated as part of this Agreement, the OWNER and
COUNTY acknowledge and agree that either Party may be required to make adjustments for
payment of any impact fees which may be due above and beyond the amount of this deferral.
Such adjustments will be in the form of an amendment to this Agreement to the dollar amount of
the deferral of impact fees that would otherwise be due and payable upon issuance of the required
building permits.
Revised 03/06/06 (1342) 8 of 11
Packet Page -998-
�AA4 9%#q- 4 nAA
�r2/2 n 8/2012 Item 16.A.8.
IN WITNESS WHEREOF, the Parties have executed this Agreement on the date and
year first above written.
(2) Witnesses: OWNER:
0 t) n Crestview Park, Ltd.
Print Name PAOL R fo rnh r,-)
(c �
Print Na!melowiel S C G i i 1
(CORPO TE SEAL)
STATE OF 41ri °*q � cc)
COUNTY OF
The foregoing Agrees/ ennwas lclio _g d
Lloyd J. Boggio,
'/111
nna r r s
of Crestview PIrk, L Ike
t (t
9X_ c°rtr,�'�'uZASM—, Signature
Bonded ��
Florida Notar¢. f 7p
tL C
and President
c.
_day of March, 2006, by
Park, LLC., general partner
o me or has produced
itification.
taking acknowledgment
Acknowledger Typed, Printed or Stamped
Revised 03/06/06 (1342) 9 of 11
Packet Page -999-
AA, or A �� ,^��
2/28/2012 Item 16.A.8.
COUNTY:
BOARD OF COUNTY COMMISSIONERS
OF COLLIER COUNTY, FLORIDA
By:
;MES V. MUDD
COUNTY MANAGER
STATE OF FLORIDA
COUNTY OF COLLIER
The foregoing Agreement was acknowledged before me this � day of March, 2006 by
James V. Mudd, County Manager, on behalf of the COUNTY. He is personally known to
me.
r' ,t
MW A. oPF
MY COMMISSION # DD 309746
EXPIRES: April 12,2W8 /
-NOV x+40 itru Naery Pib�c Urgerwrilws /'0
s/
Ap ov a o and
le g s c
Jeffr A latzkow°
Assis nt unty Attorney
Revised 03/06/06 (1342) 10 of 11
Packet Page -1000-
Typed, Pi'nted or Stamped
Denton Baker, Director
Operational Support
and Housing
AAA4 n. 4n
Or 2 n ^A
/28/2012 Item 16.A.8.
NOTICE TO LIMITED PARTNERS OF OWNER ESCROW AGENT AND
MORTGAGEE
Columbia Housing SLP Corporation
121 S.W. Morrison, Suite #1300
Portland, OR 97204
Attn: Fund Manager
Columbia Housing/PNC Institutional Fund XX Limited Partnership
121 S.W. Morrison, Suite 1300
Portland, OR 97204
Attn: Fund Manager
PNC MultiFamily Capital Institutional Fund XXVIII Limited Partnership
121 S.W. Morrison, Suite 130 1g0
Portland, OR 97204
Attn: Fund Manager
PNC Bank, National/Ass�cia
500 W. Jefferson Stret, t
Louisville, KY 40202
Attn: Robert G. Co tTit
Revised 03/06/06 (1342) 11 of 11
Packet Page -1001-
AAAA -rn n _ 4M0%4
Or 2/28/2012 Item 16.A.8.
Exhibit "A" CRESTVIEW PARK APARTMENTS
LEGAL DESCRIPTION:
A PARCEL OF LAND LOCATED IN A PORTION OF TRACT 2 AND TRACT'S',
ARROWHEAD RESERVE AT LAKE TRAFFORD - PHASE ONE ACCORDING TO THE
PLAT THEREOF AS RECORDED IN PLAT BOOK 42, PAGES 94 THROUGH 111 OF
THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS:
BEGIN AT THE NORTHEAST CORNER OF TRACT 2, ARROWHEAD RESERVE AT
LAKE TRAFFORD - PHASE ONE ACCORDING TO THE PLAT THEREOF AS
RECORDED IN PLAT BOOK 42, PAGES 94 THROUGH 1 i 1 OF THE PUBLIC
RECORDS OF COLLIER COUNTY, FLORIDA; THENCE RUN S.01'11'04"E., ALONG
THE EAST LINE OF SAID TRACT 2, FOR A DISTANCE OF 1,215.43 FEET; THENCE
RUN SAV 49'01"W., FOR A DISTANCE OF 129.76 FEET; THENCE RUN
S.01010'MM., FOR A DISTANCE- OF-30 ,--00- FEET; THENCE RUN S.8r48`01"W., FOR
A DISTANCE OF 56.73 FEET; TH GEtR 1� "' 46'Z6"W., FOR A DISTANCE OF
125.28 FEET; THENCE RU[343i/"Ilit;;A.DfSTANCE OF 121.50 FEET;
THENCE RUN FOR A DISTANCE�OF. 231.23 FEET; THENCE RUN
N.06"3170"W., FORA DISTANCE OF 287.41 FEETTO &POINT ON THE WEST LINE
OF SAID TRACT 2 ' -N 1I.83M5'38'E., ALONG THE WEST LINE OF SAID
TRACT 2, FOR A WS�`dF78.20,FEET; tHENCEtRUN N"40- 42 "E., ALONG
THE WEST LINE OF SIMD tACt , ORA- DISTANCE:OF'165.43 FEET; THENCE
RUN NAO- 03 -49M, A►L `THi WE8� Li1!lE DI D TRACT 2, FOR A DISTANCE
OF 109.79 FEET; Rt�N'N.31 "i'�'6 T' ALONG I ME WEST LINE OF SAID
TRACT 2, FOR Ai ft OF'1-.T$ 8'*.- ttiET; THEtiCE� I" N.OQ'30'S3"W., ALONG
THE WEST LINE bf SAID TRACT 2, FOR A DISTANCE 0`01171.17 FEET; THENCE
RUN N.36.1T17"W, ONG THE WEST LI 8/11D'ACT 2, FOR A DISTANCE
OF 45.09 FEET; _ RUN N.74.48"13 L. ,WTHE WEST LINE OF SAID
TRACT 2, FOR A DItf *0E OF 160.77 FEET; TMENCE", RUN N.01.11'04"W., FOR A
DISTANCE OF 28640 FEE,ENCE RUN �7"581'E., FOR A DISTANCE OF
S Tt1
248.90 FEET; THENCE RUN R1'OISTANCE OF 190.45 FEET TO A
POINT ON THE EAST LINE OF fi1QT ARROWHEAD RESERVE AT LAKE
TRAFFORD - PHASE ONE; THENCE RUN S.01'11'04 "E., ALONG THE EAST LINE
OF SAID TRACT -W. FOR A DISTANCE OF 60.44 FEET TO THE POINT OF
BEGINNING: CONTAINING 556,542.3 SQUARE FEET OR 12.776 ACRES, MORE OR
LESS.
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Exhibit "C"
Crestview Park
Collier County Impact Fees
Fee Rate
Community Park $498.15
Regional Park $497.13
Library i X13
Road 43 .
School 2
EMS $93.00
Correctional Facilities f" 117.98
Government Buildings $~i
Total
*Base on a square footage calculation
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Unit
208
208
1 1;,
20�
208
Or2/28/2Ad An^
012 ItemA16.A.8.
Total
$103,615.20
$103,403.04
$29,563.69
$922,896.00
$172,016.00
$19,344.00
$24,539.84
$28,167.23
$1,403,545.00
2/28/2012 Item 16.A.8.
Official Receipt - Collier County Board of County Commissioners
AW
CDPR1103 - Official Receipt
Trans Number I Date I Post Date Pa ment Slip Nbr
998199 11/31/2012 9:55:03 AM 11/31/2012 1 MS 245762
CRESTVIEW PARK LTD
CRESTVIEW PARK
Payor : CASH
Fee Information
Fee Code
Description
GL Account
Amount
Waived
09PDFM
PARKS DEFERRAL PAYOFF M/F
34611636332410331346
$207018.24
09LBDFM
LIBRARY DEFERRAL PAYOFF M/F
35515619032410331355
$29563.69
09DFM5
ROAD DEF PAYOFF M/F D5
33916365932410331339
$922896.00
08SBDM
SCHOOL DEFERRAL PAYOFF M/F
11300000020905000000
$172016.00
09EDMF
EMS DEFERRAL M/F PAYOFF
35014047032410331350
$19344.00
09JDFM
JAIL DEFERRAL PAYOFF M/F
38111043032410331381
$245.39.84
09GBDFM
GB DEFERRAL PAYOFF M/F
39012223132410331390
$28167.23
08W IRE
WIRE TRANSFER
11300000011542000000
$- 1403545.00
i otal 4iu.uu
Payments
Payment Code I Account/Check Number Amount
CASH $0. no
Total Cash $0.00
Total Non -Cash $0.00
Total Paid $0.00
Memo:
Crestview I - Impact Fee Rental Deferral Payoff - OR4001 PG1720
Cashier /location: EVELYNTRIMINO / 1
User: FLEISHMANPAULA
Collier County Board of County Commissioners
CD -Plus for Windows 95 /NT
Packet Page -1005-
Printed:1 /31 /2012 9:55:09 AM