Agenda 09/27/2011 Item #16A 6
9/2712011 Itenr16.A.6.
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E~CIJ11VE S~Y
Recommendatioathat tile Board of Couaty Commissioaers approve aad authorize the Chairmaato
siln a' Release of Liell for the BrittaD.y Bay Apartments, Phase I, due to the impact fees beiJag paid
in full in aeeordance with tile Agreement for Deferral of lorlef,)f.~r County Impact Fees for
Multi-Family Affordable Rousilla, as setfortb by SectioIl 74-401(eland 74-401(&) (5) of the Collier
COUllty Code of uws andOrdinaaees.
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OBJECTIVE: That the Board of County Commissioners (Board) .approveandautD.orize. the
Chairman to sign a Release of Lien for the Brittany Bay Apartments, Phase I, dueto.~
fees being paidin full in accordance with the Agreement for Deferral of 100% of Collier County
Impact Fees for Multi...family Affordable Housing, as set forth by Section 74-401(e) and 74-
401(g) (5) of the Collier County Code of Laws and Ordinances (Code).
CONS.lJ)~O~': The Multi-family Rental Impact Fee Deferral Program was originally
adopted by the Board on December 12, 1992. The Program currently provides a deferra.lof
impact fees for a period of ten years for qualified affordable rental projects. This ~has
previously been extended from a six year term to six years and nine months.to the c"t\~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.HQuSing Innovation Pilot Program (CWHIP) units.
On August 3, 2001, the Board of County Conunissioners entered into an Agreement with
Brittany Bay Partners, Ltd. for the deferral of impact fees in the amount of $1 ,058,256.08 for 184
affordable rental units at Brittany Bay Apartments Phase I (Brittany Bay). The actual amount
deferred via issued buildi~ permits equals $1,048,518.88. The difference .between the two
numbers relates to a change in the unit count and the square footage of the eligible dwelling
unitS. In accordance with the deferral agreement, the term of the deferral was for a period Qf six
(6) years from the date of deferred impact fees for the. project. The first building perrn.it. for the
subject development, for which impact fees would be due and payable but for the deferral
agreement, was issued on September 5, 200 1. Therefore the term of the .deferral expired. on
September 5, 2007 and was not subsequently extended. In addition, concurrent with the
execution of the deferral agreement, a lien was placed on the subjeCt property in the amount of
the deferred impact fees as security forCoUier County's interest and is still in place on the
property record.
On June 17, 2008, staff from the Housing and Human Services Department sent correspondence
notifying the representatives of Brittany Bay ~f the past due. status of the impact fee deferral. A
response was received by staff on July 24, 2008 from Mr. W. Scott Culp, Executive President of
Atlantic Housing Partners, on behalf of Brittany Bay,. requesting an extension of the deferred
impact fees to 15 years (September 5,2016). Extensions of impact fee deferrals are not granted
administratively. Any extension or change to a deferral agreement requires theapprov.al of the
~ Board; therefore~ on September 23, 2008, Mr. Culp presented a public petition to the Board (Item
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9/27/2011 Item 16.A.6.
~ 6C) requesting the extension to the Brittany Bay impact fee deferral agreement. Following the
presentation of the public petition the Board directed that options for resolving the issue of
expiring/past due impact fee deferrals be developed for the Board's consideration.
On October 28, 2008, during the discussion of Item lOA the Board provided policy direction
related to the issue of expiring and past due impact fee deferrals for affordable multi-family
rental projects as follows:
Require the payment of 60% of the deferred amount, to be disbursed pro rata to the
affected impact fee trust funds. Provide an extension of the remaining deferral
balance to 10 years, consistent with the current program. Related to interest, for
those deferral agreements executed between Collier County and a for-profit entity, an
interest component of 5% per year will be included for the term of the extension. For
those deferrals executed between Collier County and a not-for-profit entity, interest
will not apply.
On December 12,2008, Brittany Bay Partners, Ltd. remitted payment of $629,111.33 to Collier
County which represents 60% of the balance of the impact fee deferral, totaling $1,048,518.88.
The remaining balance of $419,407.55 (40%) plus 5% interest per year, for a total of
$503,289.07 would become due and payable on September 5, 2011 which provides a four-year
extension from the original due date of September 5, 2007. An amendment to the Deferral
Agreement was approved by the Board on March 10, 2009 to provide for the terms of this
extension.
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On September 2, 2011, the balance of the impact fees was received by the County, including
interest, for a total of $503,289.07. The final payment was processed on September 6, 2011.
Therefore, 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 for the subject property.
FISCAL IMPACT: Impact Fees have been paid and deposited in the respective Impact Fee
Trust Funds in the following amounts:
Impact Fee Amount Paid
Community Parks $42,027.02
EMS 6,844.80
Jail 8,683.33
Library 15,750.40
Regional Parks 18,386.75
Road (District 2) 132,480.02
School 60,867.21
Sewer 74,224.01
Water 60,144.01
Sub-Total $419,407.55
Interest 83,881.52
TOTAL $503,289.07
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9/27/2011 Item 16.A.6.
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As discussed above, $629,111.33 was paid on December 12, 2008 and the balance of
$503,289.07 was received on September 2,2011. 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-worliforce housing equitably
throughout the county where adequate infrastructure and services are available. Programs and
strategies to encourage affordable-worliforce housing development may include, but are not
limited to, density by right within the lmmokalee 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: The County Attorney prepared the proposed Release of Lien,
which is legally sufficient for Board action. This is a regular agenda item requiring a majority
vote. - J AK
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RECOMMENDATION: That the Board of County Commissioners approve and authorize the
Chairman to sign a Release of Lien for the Brittany Bay Apartments, Phase I, due to the impact
fees being paid in full in accordance with the Agreement for Deferral of 100% of Collier County
Impact Fees for Multi-Family Affordable Housing, 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) Amendment to Deferral Agreement
4) Official Receipt
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9/27/2011 Item 16.A.6.
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COLLIER COUNTY
Board of County Commissioners
Item Number: 16.A.6.
Item Summary: Recommendation that the Board of County Commissioners approve and
authorize the Chairman to sign a Release of Lien for the Brittany Bay Apartments, Phase I, due
to the impact fees being paid in full in accordance with the Agreement for Deferral of 100% of
Collier County Impact Fees for Multi-Family Affordable Housing, as set forth by Section 74-
401(e) and 74-401(g) (5) of the Collier County Code of Laws and Ordinances.
Meeting Date: 9/27/2011
Prepared By
Name: PattersonAmy
Title: Manager - Impact Fees & EDC,Business Management &
9/6/2011 3:52:58 PM
,---- Approved By
Name: PuigJudy
Title: Operations Analyst, CDES
Date: 9/7/2011 12:45:02 PM
Name: FederNorman
Title: Administrator - Growth Management Div,Transportati
Date: 9/13/2011 10:26:10 AM
Name: MarcellaJeanne
Title: Executive Secretary, Transportation Planning
Date: 9/15/2011 12:32:29 PM
Name: IsacksonMark
Title: Director-Corp Financial and Mgmt Svs,CMO
Date: 9/16/2011 4:22:54 PM
Name: KlatzkowJeff
Title: County Attorney,
Date: 9/19/2011 3:19:59 PM
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Name: OchsLeo
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9/27/2011 Item 16.A.6.
Title: County Manager
Date: 9/19/2011 8:55:36 PM
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9/27/2011 Item 16.A.6. -
This ilIslnJmmlt prepared by:
Amy PlIamon
Collier CouaIy Growth MIDIpmeDt Division
2800 NQI'tb Horseshoe Drive
Naples, Florida 34104
(239) 2S2-S721
RELEASE OF LIEN
KNOWN ALL MEN BY lHESE PRESENTS: That Collier County. whose post office address
is 3301 East Tamiami Trai~ Naples, Florida, 34112, the owner(s) and holder(s) of a certain
Impact Fee Agreement executed by Brittany Bay Partnen, Ltd. to Conier County, executed
and recorded on August 3, 2001 in Official Records Book 2870, Page 1348 of the PubHe
Reeords of Collier County, Florida, and subsequently amended and executed on Marcia 10,
2009, and recorded on Marela 12,1009 in Ofticial Reeords Book 4434, Page 1215 of the
Public records of Collier County, Florida, hereby does release from lien the real property
described in Exhibit "A" (attached). owned by Brittany Bay Partners. 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
.2011.
AlTEST:
DWIGlIT E. BROCK. Clerk
BOARD OF COUNTY COMMISSIONERS
COLLIER COUN1Y, FLORIDA
By:
, Deputy Clerk
By:
FRED W. COYLE, Chairman
Approved as to form
and leg sufficiency:
Packet Page -1105-
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AGREEMENT FOR 100% DEFERRAL OF COLLIER
COUNTY IMPACf FEES FOR MULTI.FAMILY
APrORDABLE HOUSING
.~ f)
Thb A,nement for the Def'ernJ otlmpact Fees i. entered into this 3((' day of UA.l('t~~
2001, by and between Collier County, I political subdivision of the Stlte of Florida. throuah it.
BC*'d of County Commiuioners, he .
-yt
Partnen. lAd., hereinafter refj
rerenid to u "Impact Fee
fIrniIy, rental dwellina unit. which r
WHEREAS, JIY P. Brock, M Inls 2000Y, a Florida Umited Liability
Company, u General Partner of Brittany Bay Partners, Ltd. Brittin)' BIY Partners. Ltd., is the
duly IUthorized apnt; and
WHEREAS, Brittany Bay Partners. Ltd., hiS applied for I deferral of impact .. u
requind by the Impact Fee Ordinance for its Brinany Bay Apanments PROJECT, hereinafter
referred to u "PROJECT," and I copy of said application is on file in the Housins and Urban
Improvement Depanment;and
WHEREAS, the County M....er. or his designee, has reYiewed the OWNBll'S
appIicItion for the PROJECT and has found that it compUes with the requirements for &1\
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OR' 2 9/27/2011 Item 16.A.6.
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affordable houaina deferral of multi-family impact fees as required by the Impact Fee Ordinance;
and
WHEREAS, the COUNTY desires to issue an impact fee deferral in the amount of One
Million Fifty-Eight Thousand Two Hundred Fifty-Six Dollars and 6/100 (SI,058,256.06) r.r six
yean from the first date that the impact fees would otherwise be due and payable for tho
PROJECT; and
WHEREAS, the Impact Fee Ordinance requires that the OWNER enter into an
Apeement with the COUNTY; and
WHEREAS, pursuant to Section 74.20 I E.I. b. of the Impact Fee Ordinanee. u codified
in the County's Code of Laws and Ordi County Manaser is authorized to execute
WHEREAS, by signi
impact fees for OWNER in
er will approve a defcrnl or
NOW, THERE'
ecitals and other good and
mutually acknowledged, the
valuable consideration, the r
Parties covenant and agree as fo
l.
and are incorporated by reference herein.
2. LEGAL DESCRIPTION. The PROJECT'slep) description for the location of
the dweUins units (the "Owellina Units") that will have their impact fees det"emd is attached
hereto u Exhibit "A." and the PROJECT's she plan is attached u Exhibit "B," and both Exhibits
are incorporated by reference herein.
3. TERM. The OWNER agrees that the DweUina Units shall remain donlable and
IhaII be oft'ered for rent in accordance with the standard. set forth in the Impact Fee Ordinance
for . minimum term of fifteen (IS) years commencing from the date a certificate of occupancy is
iIIued ror. particular DwellinB Unit; and that the term or the requirement to pay the PROJECT's
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OR: 2' 9/27/2011 Item 16.A.6.
impact fees will be defemd for six (6) years trom the date of the impact fees beina due and
payable.
4. REPRESENTATIONS AND WARRANTIES. The OWNER. represents and
warrant. the followins:
A. Each Dwelling Unit will. during the term of the Agreement. be the
pennanent residence of. qualifying occupant/tenant.
B. At the commencement of any leasehold and throupout the duratioll
thereof. the households rendns Dwelling Unit, must have a very low or low
income level, as those terms are defined in the Impact Fee Ordinance~ and the
household', monthly rent must be within the affordable housing guidelines
c.
5. SUBSEQU A YMENT. If OWNEll
rentaa Dwelling Unit whic ~ rc-rents that Dwelling
Unit to a subsequent renter, re-r nt y to persons or households
meedna the qualifYing criteria ~ ceo If the income of any unit
~
renter which orisinally qualified .. . vel as defined in the Impact Fee
Eel
Ordinance increases by more than fony per Yo) above the maximum low income level
described in the Impact Fee Ordinance, then the per unit deferred impact fee on the non-
c:ompliant unit shall become immediately due and payable by OWNER or, in the alternative. the
OWNEllIhaII have ninety (90) days to comply with the Affordable Housins guidelines set forth
in the Impact Pee Ordinance. Auuming the OWNER has not been able to comply with the
auidelines. upon the discontinuance of use of I Dwelling Unit u affordable housina. or six years
&om the dale IUch impaet fees are defemd, whichever occurs first, the impact fees deferred IIhaJJ
be immediately repaid 10 the COUNTY. OWNER agrees tbat even thoup the impact fees may
have been repaid to the COUNTY. the OWNER will continue to utilize the DweUina Units for
30f7
OR: : 9/27/2011 Item 16.A.6.
aft'ordable houaina for at least fifteen (15) years from the date the first certificate or occupancy
wu iuued for a DwellinS Unit.
6. ANNUAL REPORT. Annually. OWNER of the OweUina Unit shall provide to
the HouRn. and Urban Improvement Depanment an Affidavit attestina to complianee with the
affordable housina qualification criteria and standards set forth in the Impact Fee Ordinance. Said
Affidavit must be filed with the County Manaser and is due within thirty (30) days of the
anniversary date of the issuance orthe first dwellina unit's certificate of occupancy. Alay DweIlina
Units monitored by the Florida Houaina Finance Corporation or similarly monitored by any other
Ilate or federal aseney will not be required to flle this separate aftidavit of compliance with the
County Manager.
7. LIEN,
Six Dollars and 61100 ($ 1. 58
lien may be foreclosed u
Aifeement. Provided that t
by. and in consideration of. a'1J
that all of the COUNTY'S lien ri
amount of deferred impact fees,
~ uing until paid or released. shall
commencing on the effective
constitute and be . lien in t a
and DweUing Units which
~ h the requirements or this
and OWNER qree that
the OWNER to the COUNTY,
be considered junior, inferior, and lubordina
u elJewhere noted in this Agreement, such lien shall be superior and paramount to the interest in
the Dwelli", Unit of any owner, lessee, tenant, mortglges, or other person except that this lien
shall be on parity with any lien for Counry taxes.
8. RELEASE OF LIEN. Upon satisfactory completion of this AgreerneIU's
requirements, includina payment of the deferred impact fees, the COUNTY shall. at the expenao
of the COUNTY, record Iny necessary documentation evidencina such payment, inc:ludina but
not limited 10. . release of lien.
OR: 28 9/27/2011 Item 16.A.6.
~
9. BINDING EFFECT. This A8reemcnt shall be bindina upon the Parties to thia
Aareement. their heirs. IUCCOllOrI, and asi8111. In the case of sale or transfer by sift or any
DweUina Unit, the oriainaJ OWNER shall remain liable for the impact fees deferred until said
impact fees are paid in fUll.
10. RECORDING. This Apeemcnt shall be recorded by OWNER at the expense of
OWNER in the Official Records of Collier County, florida within sixty (60) days after execution
of'thi. Aareement by the County Manlier.
11. DEFAULT. OWNER. shall be in default otthi. Aareement:
A. if OWNER fail. to rent the propeny in accordance with the afFordable
housins standards and qualification criteria estabUshed in the Impact Fee
ct Cees due within thirty (30) clays
B.
if 0
relable housina qualiftcation
C. with
in def'ault.
50f7
Packet Page -1112-
OR: 2 9/27/2011 Item 16.A.6.
B. Should the OWNER otherwise be in default of this Aareement. and the
default i. not cured within ninety (90) days after mailina written notice to the
OWNER. the COUNTY may bring a civil action to enforce the Aareement.
C. In addition. the lien may be foreclosed. or otherwise enforced by the
COUNTY. . by action or suit in equity including the foreclosure of a mort...' on
real propcny. The COUNTY shaU be entitled to recover all reel and colt..
includinl attorney., rea, plus interest at the statutory rate ror judaments
calculated on a calendar day basis until paid,
IN WITNESS WHEREOF, the Panics have executed this Asreement on the date and
year fint above written.
(2) Witnesses:
nen. Ltd
Partner. CEO Capital
2000Y. I Florida Limited
~. . y Company
~
.......
"
(--
'tu."1. u~...
J di..,J7IN()
Jay p, Brock, M.....
(CORPORATE SEAL)
60f7
Packet Page -1113-
STATS OF FLORIDA
COUNTY OF (Jr-t ~~t-
Tho foresoina Aar-IIIll wu acknowIodpI before me lhiIl!!.. day.r r ~~ .
2001 by Jay P. Brock, Manapi' of CEO Holdinp 2000Y, . Florida Limited . "ty
Company, u General Partner or Brittin)' BIY PlI1ncn. Ltd. He i. ~naJIy.!noWD 1Q._
mo or hu produced (type or identification) u
Uliiitiftcalion.
~~I?,~J
Sipatu n takinS acknowledsment
"7e~ A. ~Xl~er
Namo of w1edler Typed, Printed or Stamped
OR: 281 9/27/2011 Item 16.A.6.
l
. .
.,..,It....
* *_CDnu.' 1'1 LOCI1Ihu
~.=' .............IIIM
STATEOFFLO
COUNTY OF
COUNTY:
OF COUNTY COMMlSSIONEllS
Ell COUNTY, FLOIUDA
J-:-
The foregoina Aareeme
2001 by Thomu W. Olliff,
known to me or hu produ
identi6cation.
~C-:-~~ -el
S pat\ire of n taking acknowledgment
lCl\..l\~ ['\ ~. ~en\(\
Name of Aeknowledaef Typed, Printed or Stamped
E---
S
o ~
's J.:.. day or ~
rthe COUNTY. He is '
(type or identiflcation) u
~~ LAUREN I. BEARD
.....'1 ~ M" ~1IaON _cr'mltll
...." ~ ..llPlall1 10'l~
....,).NOJAlV ... _s-_& C..
Reeo..ended for Approval
Z t '
.. , /' 1:.....-" / .
, ,
, .,".",;"""./
ie, Director of
Urhan Improve.ent
'of7
, ,;
OR: : 9/27/2011 Item 16.A.6.
BaI'l"'ANY BAY 1
A POIlTION or SECTtON 27, T01lNSHIr 41 800':8, IUUtGE U EAST, COLLIEI\ COUN'fY, FLOUtlA,
BIING MOll 'AIlTICOLNUrY DESCl\IBED AS FOLLOWS I
COHHIlICI A't 1'8 SOO'l'IEAS'l' caJUlU or SEC'l'ION 27, !OWNSRIP U SOtlTH, IWIGE 26 lAST,
COLLJD COUNTY', n.oUDA; 'l'RINCI N. 89 .01'07" 11., ALONG TRE S, LINt or SAID SEC'l'ION
2' , A DISTANCE or 100. 08 ns'l '1'0 'l'HI POINt or IEGImfING or 'l'IE 'MCEL OF LAND HEREIN
oucaIBID, TRWCS CON'1'J:NOE N. It · 08 ' 07 - W., A1.OHG '1'HI 100'1'8 LINB or SAI D SEctION 27,
A DISTANCE or 1,32'1..56 rEETI THENCE N. Ofi .U'SO" 11., A DIS'f'ARCm or 131.51 FU't,
'l1lZl'CS N, 11 -31'20- E., A DISTANCE or U.U niT, '1'UNCB S. n .30'3.. E., A DIS'l'ANCI:
or .0.'1 rsEf, THENCES. 70 .S6'Ofi" E., A DII'1'ANct or ".51 rE~, THENCE S. 07 .06'4'.
w., A DtffANCE or 3C.26 FEET, THENCE S. to ~OI'28- t" A DISTANCE or ~2.13 rBET,
'tKBMCZ S. 40 .14'lfi- E., A DISTANCE or 16.35 rzmT/ '1'HZMCI N. 81 ~57't7. E., A DISTANCE
OF 11.1' rII'1"''t1ZMCE N. 7' .50'57- I., A DISTANCE or 27.'. rlBT; T8~ N. 60 .31'53"
I., A DIftAIICE or 41.23 rR'I'; '1'BJ:lCCI S, 'C .SC'29- I" A DIS1'ANCE or 23.87 rift,
'1'BIMCI R. 70 -3"0'- E., A DISTANCE or 33.6. rssT, T81NC1 H. 35 -27'42" W., A DI~ANCE
or :n,10 1'D1', TIl&NCE W. 53 .U,'S5" V., A D!I'1'ANCZ or 21.22 1'Ia'; TRENCE N. 08 -5~'SZ"'
w., A D%S'IAIICE or 40.1& FEET; THENCE N. · V.. A DII'1'AMCE 01' CO.40 FEft:
TJbo1<<Z S. n -3'103- .., A DIS'1'ANCE .,;_ ~ I B. 79 .53'22" I., A DIstlUCE
or 21.4fi rllTl TRl>>CE N. CS .19'2.~ ,1~ lilt; TRINCS N. 47 .57'10"
w., A DIS'l'MICI or CO.57 ruT, T . 3C "41' U" 18'1'MCt: or 25. fC nE'l';
'I'IIBIICt K. 51 -11'38" 11., A DIS'r r 19.55 FlIT; . t' -52'0'- W., A DISTANCE
or 27.5fi rzlfl THlRCE N. 01 "Z '5 '1'~C OF. 2' ~I ~BENCZ N. 3' -13'.S~
.., A Dla'lNICE or 16.31 n:.E1'1 B ..' A % or 100.21 nETl
'l'SZRCZ S. I. -37'Z3" w., A DI T N. '5 -50'52" .., A DISTANCE
or 11.7' rzzTl TKiNCE N. DC .59' I THENCE N. 19 -27'2C-
W., A Dl8'l'AIICE or 26.74 raT, '1' ft CE OF 36.31 Fn'l':
T~ N. 15 .09'59" E., A 0 5 -.0'27" E., A DISTANCE
or 1'.0' I'D'll TR~CE N. 86 · '1': TJlENC'E N. 56 "41'51"
I., A DtrrANC:& OF 40.25 I'ZZ'l'I ' OF 46.95 1"EE1':
'l'JIDII!:S 'M. " -15' U II E., A DIONA CIaCOLAP. CURVE,
COReAVZ sOO'l'llEltLy, WHOSI MOlU ., A DISTANCE or 158.86
!'EE'l' TllEBnacl TUMe! a014 lAST ctJRV!O "ro TU JUGHT, BAVING
A 1Ut.DIOa or 158.86 rll'l, 'ZH~GR 414''', SOBTENDED BY A CHORD
or 44.89 I'ZE'l' A'1' A Br.AalNC OF N. .,., ARC LDlGTH OF C 5 .OC !1Z1' 'rO A
l'OI1I'f ON A CIRCOLAll CURVE, CONCAVE SO RADIUS pOINT BEMS S. 02 .08'41"
, "., A DIS'l'AICl: or 315.28 fEET THEN:I'llClC; THENC!: "ON EASTEIU.r, AlaONG TH& AP.C or SAID
CORVZ 'l'O 'BE RIGHT, RAVING A N\DIOS or :U5.2B nET, TIU\OOGH A CENTRAL ANGLE or
11 .01'41", SOBTZNP!D BY A CHORD or 60.59 FEET AT A BEARXNG OF S. 82 .20'28" &., raa
AN UC LBlIGTH OJ' 60.68 nET TO A E'QINT ON A CIRCULAR CURVll, CONCAVS NORTHULY, WHOSE
aADIOS POINT 8EABS' N. 16' -55'13- E., A DISTANCE or 53.47 rEt, THBkE~OHI THENCt kUN
MSTZlUoY, ALONG' '1'HE AltC or SAID CORn TO THE LtM', HAVINQ A ltADIUS OF 53.4"7 FEET,
TBl\OOQR A CENTRAL ANGLE OF 43 -02'08., SOB'1'ENDIlD BY A caOkD or 39.23 FEET A'f A
8D1UNG or K. e 5 · Z4 ' 0' or I., I'OR AN Me LENGTH OF .. 0 . 16 FIE'1' TO THt !ND or SAnl CURVE I
'1'HZRCE N. 5' -..'2]" E., A DISTANCE OF 61.01 FEET TO A POINT ON A CIRCCLAR CoaVE,
CONClVE SOUTHERLY, WftOSE RADIUS 'OINT BEARS S. 23 -41'53" E., A DISTANCE or 384.41
n'ST THilJUOnoHl THi:NCE RUN EASTltlU.Y, ALONG THE ARC OF SAID CtJP-VE 'l'O THE .!tIGHT,
BA~NG A ~IUS OF 384.41 FZET. 'TUkOUGH A CENTRAL ANGLE OF 13 -28'46-, SCBTZ~DtD 9Y A
CHORD 01' '0.%3 n:i:T AT A ~EARINQ O!' N. '73 '02'30" E.. FOR AN Me UNGTH or 90.44 FEEl'
TO A POIN~ ON A C!ReULAR CURVE, CONCAVE SOOTHERLY, WHOSE RADIUS POINT BEARS S.
00 -31'48" W., A CISTANCt or z...~. FEET THEREFROM; THENCE RUN EASTERLY, ALONG THE ARC
OF SAID CU~VE TO THE RIGHT, HAVING A ~DIUS OF 214.94 F~ET, 1HROUGH A CENTRAL ANG~~
or 16 .34'03., SUB'1'ENDED BY 1\ CHORD OF 61.93 FI!:E'r AT A BEAP.tNG OF S. 91 -11'10" E..
FOR AN ARC LENGTH OF. 62.1~ FEET TO A POINT ON A eTkeUI~ CURVE. CONCAVE S. WESTERLY.
WHOSE RADIUS POINT gEARS S. 37 022'5(" W.. A DIS~ANCE or Z70.31 FEET THEREFROM; THENCE
~UN SOUTHtAST- ERLY. ALONG THE ARC or SAID CU~VE TO 1HE RIGHT, J~V!N~ A ~\DI~S or
. "
OR: 2' 9/27/2011 Item 16.A.6.
2'0.31 FEET, TKROOGH A CENTRAL ANGLE or 14 .52'3.., SUBTENDZC BY A CHORD OF 69.99
nET AT A SUP.ING or s. cS -10' U" E.. F01\ AN Me LENGTH or 70.18 FIET TO A 'OINT ON
A CIRCU~ cuaVE, CONCAVE HOaTHElLY, MHOSI RADtDS POIN'l'BIAAS N. 38 '49'49" E., A
DISTARC!i OF 76." nET THEunOMI THlNel IUN EAS'l'ERLY, ALONG 'lilt Ale OF SAze COIlVE
TO THE LEn, HAVING A AADI0S or 76.19 ruT, THROUGH A corJW. ANGU or 34 '21'34',
SOBT&lIDED BY A CIOI'D or 45.3& rZZT AT A JE:AP.ING or s. 68 '20'58" I.. FOR AN AAC lJlNG'l'fI
or ..,. os niT TO Tal IIfD OF lAID CURVIOI '1'SZNCi ,. 83 'lS' 48" 5., A DISTANCE OF 47. 0 C
nET TO A POlin' ON A CIRctnAIl CURVE, CONCAVE lOUTHi:llLY, WRost Ml>lUS POINT BEAM S.
11 .03'.'- W., A DISTANCE or 261.3& rZEf THERE~OHI THENes RUN EASTEaLY, ALONG TII
AIle or SAID euaVB TO THE aIGHT. HAVING A MDIUS or 261.36 I'CB'I', THROUGH 1\ CIlffPAL
DeLE OJ' 13 '58'35", SUITINDtl) ay A CHOM or 63.'0 ftl:"1' AT A 8EMING OF 8. 71 -56'5'"
1:., roa AN UC tlHGrK or 63.' 5 I'EET '0 A POIN'!' ON A CIl\CUloM CURVE, CONCAVE N.
EAST~Y, WBOSI RADIUS 'DIRT BIARS K. 29 'el'S8" E.. A DIS!A>>CI or 307.&4 PEE!
TBENlI'IQCJ TUMCS RON S. USTtlLY, ALaIlG TH~ Me or SAID cuavs TO tBE LEn, HAVING A
MOlDS OF 30'7.'4 nET, THRODGK A CZln'w, ANGLE or 11 .31"211. SU.TENDED8~ A CHORD or
&1..78 niT AT A 8M1UNG OF S I f6 - 03 · 47" E., 1'0" AN AIt.C LttIG':B OF n. II nET TO THE
END or SAID CtntVE, THENCE S. '78 '58 "%9" s., A DIS'1'MCE OF ".Z4 FEET; THDCJ: S.
83 .33'3J" E., A DISTANCE or 161.16 FEET TO A ,01NT ON A Ct~CULAa caRVE, CONCAVE
NORTIBRLY, waOSE RADIOS POINT 8!AJS N. 20 '32'38' t., A DIS'1'ANCE or 457.44 FEET
'l'UNI'ItCICI '1'1lENCI RUN EASTERLY. ALONG l' HI ARC or SAXD CDIlVB 'to '1'D LErr. HAVING A
aADIOS or 457... ~, TBkOU;H A CENT '00'11', 8UBTENDSD &Y A CHORD or
11C.68 ~~"1'Af A 8EARZBG OF S. 80 '27' LENGTH OF 175.7' FEET TO TR&
DD or aJUD CURVI; TRUCE N. 88 "3 0." I'U:T, 'ONCE S.
01 -28'13- ~., A Dlst~E OF 5". RNING.
CONTAINING 1C',"1 SQDAkt FRmT
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9/27/2011 Item 16.A.6.
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4270637 OR: 4434 PG: 2211'9/27/2011 Item 16.A.6.
DCOIDID 18 the OrrICIAL RlCORDS of COLLIII com., ..
03/12/2009 at 09:0111 DIIGHT I. BIOCI, CLlII COPIIS f.OO
AMENDMENT TO AGREEMENT
FOR DEFERRAL OF 100% OF COLLIER COUNTY IMPACT FEES
FOR MULTI-FAMILY AFFORDABLE HOUSING
~
This Amendment to the Agreement for the deferral of 100% of impact fees entered into
onMarrh IO#l ,2009, by and between Collier County, a political subdivision of the State of
Florida, through its Board of County Commissioners, hereinafter referred to as the "County" and
Brittany Bay Partners, Ltd., hereinafter referred to as the "Owner," collectively stated as the
"Parties. "
Recitals:
WHEREAS, Collier
Ordinance; and
WHEREAS, on August
for the deferral of 100% of
er entered into an Agreement
certain
known as Brittany Bay Ap
Page 1348 of the Official
n 1'\,1
Agreement"); and ("". . .::::;.
WHEREAS, this sum ~.~~... educed to reflectl1li arh 6f..~ at was actually due upon the
.\/..:....~ '-t/ 0 J
issuance of building permits to $};Q~p-l~~\~i~~gust 22, 2001; and
"-.:." p. . r\) ,,/
WHEREAS, pursuant to the Det~t;1he $1,048,518.88 in deferred impact
fees became due and payable on September 5, 2007; and
WHEREAS, on October 28, 2008, during a regular meeting of the Board of County
,048,518.88, for the project
is ecorded in OR Book 2870,
~
eferred to as the "Deferral
Commissioners, the County agreed to extend the payment date for a portion of the amount past
due to September 5,2011, provided that the Owner consent to the following conditions:
1. The Owner pay the County 60% of the full amount deferred ($629,111.33), following
which the balance of$419,407.55 would be due and payable on September 5,2011.
2. Interest in the amount of 5% per year will be applied over the four year extension;
and
WHEREAS, on December 12, 2008, payment in the amount of $629,111.33 was
remitted to the County by the Owner.
J
--..
Page 10f4
Packet Page -1118-
---
,.-.......
-----
OR: 9/27/2011 Item 16.A.6.
NOW, THEREFORE, in consideration of the foregoing Recitals, and other good and
valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged,
the Parties agree as follows:
1. The foregoing Recitals are true and correct and are incorporated by reference herein.
2. Owner will pay County the remaining Impact Fee due of $419,407.55, together with
simple, non-compounded interest calculated at a rate of 5% per year until paid in full, with
interest commencing on September 5, 2007. Should Owner not pay all sums due hereunder by
September 11,2011, interest will then be owed in amount equal to the rate of interest payable on
judgments (FI. Stat. Sec. 55.03), with such interest commencing September 12, 2011, and
calculated on a monthly, compounded basis. Owner may prepay the remaining balance owed
without penalty.
3. Except as amended, all other
in full force and effect. This Ame 1
4. This Amendment
Official Records of Collie
expense of the Owner, in the
ays after execution of this
(Remainder of Page Intentionally Left Blank, Signature Page to Follow)
j
Page 2 of4
Packet Page -1119-
Signed, sealed and
delivered in the presence of:
OJ 9/27/2011 Item 16.A.6.
BOARD OF COUNTY COMMISSIONERS
COLUET' FWRlDA .
'4m'~ d--t.'-
By: ,.
DONNA FIALA, Chairman
--..
I Holdings 2000 Y, L. L. C.,
liability company, its general
~
Signature \n J :
, /
Printed Name:SHERYL ~~~ET ),.~ I / 1
~ J> " '\"'-,J " \...
~L-~' '/~-/
- /, c'~"_ ~/~,\</
. . ......--f"'.."".,.~...._,,',.I'
SI a ure ~'" Ill;::; {<-lV l. >/
. "'-~<
Printed Name: ~ rth'\u~L__V; l."L-':jL~
STATE OF FLORIDA
ORANGE COUNTY
The foregoing instrument was acknowledged before me this 4th day of February, 2009,
by Jay P. Brock, Manager ofCED Capital Holdings 2000 Y the general partner of Brittany Bay
Partners, Ltd., who is personally known to me.
,,-..,
Page 3 of4
Packet Page -1120-
J
*** OR: 9/27/2011 Item 16.A.6.
~
EXHffiIT "A"
Balance of Impact Fees and Applicable Interest per Year
Beginning Balance:
$419,407.55
$ 20,970.38
Year 1 Interest:
(September 5, 2007 through
September 5, 2008)
Year 2 Interest:
(September 6, 2008 through
September 5, 2009)
$ 20,970.38
Year 3 Interest:
(September 6, 2009 through
September 5, 2010)
$ 20,970.38
--..
Total Due at Conclusion
of Deferral Tenn
(September 5, 2011)
Year 4 Interest:
(September 6,2010 through
September 5,2011)
.--.....
/
Page 4 of4
Packet Page -1121-
e
e
9/27/2011 Item 16.A.6.
Official Receipt - Collier County Board of County Commissioners
--..
CDPR1103 - Official Receipt
Trans Number
992145
Date
9/612011 2:53:08 PM
Post Date
9/6/2011
Nbr
BRITTANY BAY PARTNERS LTD
BRITTANY BAY I
Payor: BRITTANY BAY APTS PHASE 1
Fee Information
Fee Code Descriotion GL Account Amount Waived
09PDFM PARKS DEFERRAL PAYOFF M/F 34611636332410331346 $72.496.6~
09EDMF EMS DEFERRAL M/F PAYOFF 35014047032410331350 $8213.76 .
09JDFM JAIL DEFERRAL PAYOFF M/F 38111043032410331381 $10419.99
09LBDFM LIBRARY DEFERRAL PAYOFF M/F 35515619032410331355 $18900048
09DFM1 ROAD DEF PAYOFF M/F D1 33116365032410331331 . ...... $158976.00
08SBDM SCHOOL DEFERRAL PAYOFF M/F 11300000020905000000 $73040.63
42WSRS WATER IMPACT FEES RESIDENTIAL 41127351132410131411 $72172.79
42SSRS SEWER IMPACT FEES RESIDENTIAL 41326361332410131413 $89068.79
Total $503289.07
~
Payments
i Pa ment Code
CHECK
AccounUCheck Number
8008
Amount
$503289.07
Total Cash
Total Non-Cash
$0.00
$503289.07
$503289,07 I
Total Paid
Memo:
Remaining 40% Impact Fee Deferral payment - OR 2870 PG 1348 Per BCC 10/28/08 Agenda Item 10A.
Previous payment for 60% - transaction #872471.
Cashierllocation: EVEL YNTRIMINO I 1
User. FLEISHMANPAULA
~
Collier County Board of County Commissioners
CD-Plus for Windows 95/NT
Printed:9/6/2011 2:53:38 PM
Packet Page -1122-
9/27/2011 Item 16.A.6.
DATE:08130120Il CK#:8008 TOTAL:S503,289.07- ~ No:
PA YEE:Board orColJier County Commissioners(21692
Check No:
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r-- Reference 1 Invoice Date - Description .--..--.. Net Amount Paid
W"H)' ! 1il runiC I ""0..", f)c.li~l ipliull --
i tany Bay - 2108 J 083011 - 8130120 II Deferred Impact Fees 503,289.07
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503,289.07
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'~:.!!.JtIVE ijUN6~TBIU* 't.H&U~.ijmTW{) >>UN~~~9HtyNINE ANP07/]OO'OOtLAR~
TO THE
OROEROF
Board of 6omerCoun~. .Qpmmissiotfers'
2800 North HOrSeShoe Dr,ive
Naples, FL 34104
--..
Packet Page -1123-