Agenda 06/26/2018 Item #14B106/26/2018
EXECUTIVE SUMMARY
Recommendation that the Board of County Commissioners, acting as the Community
Redevelopment Agency Board (CRAB), terminate current negotiations with Arno, Inc. as proposed
under ITN 17-7169 and direct staff to incorporate the parcels into the redevelopment plan update
to determine the best future vision for the approximately 17.89 acres of CRA owned property in the
Bayshore/Gateway Triangle Redevelopment Area.
OBJECTIVE: To encourage meaningful redevelopment within the Bayshore/Gateway Triangle
Community Redevelopment Area (BGTCRA), as guided by the redevelopment plan.
CONSIDERATIONS: On April 11, 2017, the Board of County Commissioners acting as the Collier
County Community Redevelopment Agency Board (CRAB), authorized staff to market and sell, through
the Invitation to Negotiate (ITN 17-7169) process, the BGTCRA-owned property identified as 4265 and
4315 Bayshore Drive in accordance with Section 163.380, Florida Statutes, as outlined in the Collier
County Community Redevelopment Plan. The notice soliciting proposals to development of the 17.89
parcel located on Bayshore Drive was timely published.
The deadline to submit price and concept proposals on the ITN was August 31, 2017. Three proposals
were received: Arno, Inc.; Banroc Corporation; and Minker Properties. The proposals were reviewed by
the Bayshore Gateway Triangle CRA Advisory Board on October 5, 2017, and October 19, 2017. On
November 3, 2017, Minker Properties withdrew its proposal. On November 14, 2017, the CRAB
considered the two remaining proposals and directed staff to negotiate with both developers. On February
13, 2018, Banroc Corporation withdrew its proposal.
On February 13, 2018, the Board of County Commissioners acting as the Collier County Community
Redevelopment Agency Board (CRAB), reviewed the proposal submitted by Arno, Inc., and authorized
staff to publish the thirty (30) day notice of intent to dispose of the approximately 17.89 acres of CRA -
owned property located in Bayshore Gateway Triangle Redevelopment Area to Arno, Inc.
Section 163.380(3)(a), Florida Statutes, requires that prior to disposition of any real property or interest
therein in a community redevelopment area, any county, municipality, or community redevelopment
agency shall give public notice or such disposition by publication in a newspaper having general
circulation in the community, at least 30 days prior to the execution of any contract to sell, lease, or
otherwise transfer real property. As required, the notice was published on Fe bruary 16, 2018, and all
alternative proposals were due by March 19, 2018. No alternate proposals were received.
Staff had ongoing negotiations with Arno Inc., but ultimately the requisite financial commitment could
not be secured to move forward with a Purchase and Sales Agreement. On June 11, 2018, Arno Inc.’s
source of financing, Developer Capital, officially withdrew their commitment to the project.
FISCAL IMPACT: The sites were purchased in 2006 ($4,614,243 - 4265 Bayshore Dr.) and 2008
($765,652 - 4315 Bayshore Dr.) for a total of $5.35 million. The sales price provided in the Arno Inc.
proposal was $3.5 million. The CRA will continue to maintain the properties until future plans are
determined.
GROWTH MANAGEMENT IMPACT: None
ADVISORY COMMITTEE RECOMMENDATIONS: At its June 5, 2018, meeting, the Advisory
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06/26/2018
Committee voted unanimously to continue negotiations with Arno, Inc., but rejected offering any
financial incentives to the developer in order to move the project forward.
LEGAL CONSIDERATIONS: This item has been reviewed by the County Attorney, raises no legal
issue, and requires majority vote for approval. -JAK
RECOMMENDATION: Recommendation that the Board of County Commissioners, acting as the
Community Redevelopment Agency Board (CRAB), terminates current negotiations with Arno, Inc. as
proposed under ITN 17-7169 and direct staff to incorporate the parcels into the redevelopment plan
update to determine the best future vision for the approximately 17.89 acres of CRA owned property
owned in Bayshore/Gateway Triangle Redevelopment Area.
Prepared by: Debrah Forester, CRA Director
ATTACHMENT(S)
1. BGTCRA - 17 ACRE Project Overview (PDF)
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06/26/2018
COLLIER COUNTY
Board of County Commissioners
Item Number: 14.B.1
Doc ID: 5954
Item Summary: Recommendation that the Board of County Commissioners, acting as the
Community Redevelopment Agency Board (CRAB), terminate current negotiations with Arno, Inc. as
proposed under ITN 17-7169 and direct staff to incorporate the parcels into the redevelopment plan
update to determine the best future vision for the approximately 17.89 acres of CRA owned property in
the Bayshore/Gateway Triangle Redevelopment Area.
Meeting Date: 06/26/2018
Prepared by:
Title: – County Manager's Office
Name: Debrah Forester
06/14/2018 6:41 PM
Submitted by:
Title: County Manager – County Manager's Office
Name: Leo E. Ochs
06/14/2018 6:41 PM
Approved By:
Review:
County Manager's Office Tim Durham Additional Reviewer Completed 06/15/2018 12:01 PM
County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 06/15/2018 1:35 PM
Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 06/15/2018 3:16 PM
Budget and Management Office Ed Finn Additional Reviewer Completed 06/18/2018 10:01 AM
County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 06/18/2018 11:35 AM
Board of County Commissioners MaryJo Brock Meeting Pending 06/26/2018 9:00 AM
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Bayshore Gateway Triangle CRA
17.89 Acres
14.B.1.a
Packet Pg. 500 Attachment: BGTCRA - 17 ACRE Project Overview (5954 : Bayshore CRA 17AC)
Location of the 17-acre CRA Property 2
Located on the eastern side of
Bayshore Drive, north of
Thomasson Drive, and abutting
Sugden Park.
CRA Purchased parcels in 2006
and 2008 for $5.35M.
Appraised at $3,694,000 in 2017.
Zoned as the Cultural Arts Village
at Bayshore, a mixed use PUD.
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Packet Pg. 501 Attachment: BGTCRA - 17 ACRE Project Overview (5954 : Bayshore CRA 17AC)
Location of the 17-acre CRA Property 3
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Packet Pg. 502 Attachment: BGTCRA - 17 ACRE Project Overview (5954 : Bayshore CRA 17AC)
Current Zoning –Mixed Use PUD 4
maximum of 40 residential dwelling units
up to 48,575 SF of commercial
up to 84,000 SF of parking (parking structure)
350-fixed seat performance theater
maximum height of four stories
14.B.1.a
Packet Pg. 503 Attachment: BGTCRA - 17 ACRE Project Overview (5954 : Bayshore CRA 17AC)
Arno Inc. Proposal 5
Proposal on 17.89 Acres:
•$3.5 Million Sale Price
•214 residential units
•15,000 SF Retail
•400 parking spaces
•Cultural Component
14.B.1.a
Packet Pg. 504 Attachment: BGTCRA - 17 ACRE Project Overview (5954 : Bayshore CRA 17AC)