Resolution 1998-117
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IU:SOI,UTIOj\j j\jO. 9H.-llL
A RESOLUTION OF TilE BOARD~OJj COUNTY
CO:\Il\IISSIONERS, COLLIER COUNTY. FLORIDA
AUTI/ORIZING TI/E DEFERRAl. OF UBRARY
SY:iTEi\IIi\IPACT FEES. PARKS AND RECREATIONAl.
FACILITIES 11'(I>A<:T FEES. IHMO IMPACT FEES.
WATER Ii\JI'ACT FEES. SEWER FIMPACT FEES.
El\JEIUJENCY l\IEDlCAI. SERVICES IMPACT
FEES. AND EDUCAl'IO:'OAL FACILITIES SYSn:i\1
1!\lI'ACT FEES FOR 101 OF TilE 168 UNITS FOR
ARBOR VIEW APARTi\IENl'S. AN AFFORDABLE
RENTAL HOUSING I'ROJECT. AND SUBORDINATION
OF L1E~.
WHfo:RE,\S. Collier County has recognized and atl~'ll1plI:d 10 i1ddr~'ss the lack 01" OIdcquutc and
arfordahle housing lor nllllfcrale. low. alld \'Cr)' low income households ill Collicr County and
thc nced ror crciltivc mHI inlloYulive progrmns 10 <lSS;st ill the provision of such housing by
including sc\'Cral provisions in the Collier ('oullly Growlh M.magel11cnl PI.II1. including:
objeclivc J A. policy 1..l.I. objeclivc 1.5. polky 1.5.2. policy 1.5.3. policy 1.5.4, policy 1.5.5.
["lolicy 1.5.(': ohkl' I l.f., polky I A3; ohj~'l'li\~' ~.I. l1l\licy 2./.1. policy 2.1.2. policy 2. (..1.
policy 2.1.5. and policy 2.1,(. or the lIousing Ekmenl; and
WI/EREAS. Arhor Vicw, Ltd. will 'underlake thc dcvelopment of Arbor View
Apartmenls. a onc hundred sixty eight (l6S) unit arronlahle rcntal housing COIlHl1unily on a site
locatcd in Collicr COllnly. Florida. of which Arhor View. Ltd. is owner; and
WIIEI~E'\S. on r.,hirch 17. J C)CJS. "n ;Ipplicalion \\'as /ired with thc /lousing alld Urban
Improvcmcnt Ikparlmenl rLlr Ihe deli:rnll of Colli",r Counl)' impact fccs for 10 I or the I uS units
of the Arhor Vie\\' Apartments consistelll \\'ilh lhe relluircl11cnts of the County impact fcc
ordinanccs; and
\\'11 fo:l~E'\S. ill i1ccllrd.lI1cc wilh SCdi"1I .lA or the Librury Syslcm Impact Fec
Ordinanl'c. Ordinilnc~' NLl. :-is-n. as amcnded; Sccrinll 4.05 or thc Parks alld Recrealional
Facilities IlllP;ICI Fcc Ordi,wllcC. Ordinance :-':0, SS.l)(,. as amendcd; Section 3.0o.! or thc Road
Impact Fcc Or\lil1;\IlCC. Onlin;1I1cc No, 92-22. :IS a:ncnded; Collicr County Ordinance No. 90-86.
as amended. the Collier Coullty Waler System Impact Fce Ordinancc; Collicr County Ordinancc
. ,iI. 1"'"
No. 90-87. as :tnlcndcd. lhc Collier County,scw,,"r System Impact Fcc Ordil1:tl1cc: SeClion 3.05
of the Emergency Mcdic.tl Services S)'Sh:l1l Impact Fcc Ordinance" Ordinance No. 9 1.71. as
amendcd; and Section ~.05 of the Educ;ltinn;tl Facilitics System lmpllct Fcc Ordinance.
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Ordinance No. (J2.:\.'l. as aJlll.:nded. an applic:lllt may ohlain a dcrcrral or one hllndn.:d percent
(IOO%)ofimp:ICI Ji.'cs fnr:IIH:riIHlllrsix ((,) YC;lrs hYlll1;dilying liJrsaid deCcrral; and
\\'IIEIU:,.\S. Arhor \'io.:\\' I\parllllo.:nls has lI\1alili~'d ror ,Ill impact Cee deCcrrnl hased IIpon
Ihe following rcpro.:sclllalillns lIIade hy Arhor Vic\\. Ltd.:
A. The Dwelling Unil shall be the PCn1wIH.:nl rcsidence or the occllpanl/tennnt.
B. The household renling the Dwelling lillilmusllwvc a very low or low incomc Icyel.
al Ih~' Cllnll1lo.:nCCI1lClll of the k'asclhlld ,111\1 dllrationlhereof. ;IS that IeI'm is dclincd in
111\: I\ppcndiccs llllhc n:spcclive lmpa~'l Fcc Onlill,Il1cCS .\Ild the monthly rcntl1llls1 be
withill Ihc ani,rd"blc hllllSill~ ~lIid~'lines cSl:lhlishcd in the Appendiccs 10 the
respecti\'o.: Impacl F~'e Ordinances.
C, The f)wl'llilll: I :lIil shall n':l11aill at"li'ldahk Ii, I' allcasl liOeen (15) years rrol1llhe dale
Ill(': c~TIIJil'atc 1If' lIl'l'Upallcy is issu~'d,
I. The BO:1f\lorClllllllY ('IlI11l11issillll~:r,; hcro.:\1~ .1l1l11'1I1/0.:d 1110.: delerral hy Collier County orlht;l
rollowing impa~'1 fecs in Iho.: amounts lisk'd hdllw lilr the aile hundred .1I1U onc (lOll oC the
aile hUlldred sixt)' cighl (IMl) ammlahh: housing units 10 he devcloped hy I\rhor Vie\\', LId
as idenlilio.:d in J:xhihils ",\" and "n":
E.ill:lL1illi1
101 Ullil~
.1) I.ihrar\' S~'SI~:1I1111lJ1;ICI Fc~'s
... ISI).52
S 1 S.~.12.:i2
hI [{oad Impact Fws
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')~A.1:i ,00
c) !':lrks.\; I{ccn:alioll Impact Fws
('ollllllllnity Parks
RL.:!,:iollall'arks
J t)I), 00 ~O.2()l).O(l
1;1).0(1 I SJI71}.OO
2.1)(1 202.0ll
1..~.HI,OII I 3 ~ "l.W,O()
'J(j(}.lIll t)O,'Jf)O.OO
_-,'i2_Jl!..l 8 1 "~7.f)Q
S~. 762.52 S4RI.Ol~.~2
d) l:nwr1-!~:lIo.:~' SCI'\'il'~'s 111IpacI Fco.:s
cl So.:\\'n 111l1';1~'1 I:,','s
n \\',I((;r Illlpa~'1 ,. \.'C,
g) Scholl I 1i1lp;Il'1 ).','\.'"
TOTAl, 1.\/1',\( T FU:S IlEFElmEIl
2. A} III cOll1p'ialll'~' wilh 111\: JlI'llI'i:,j"1I 0" 111,,' Colli,'!' COIIIlI)' illlpacl fee ordin:tncc.:s, Arbor
View. I.ld. has d~'lll(lIISlr;IIl'l111l lh~' ('IlI1I1lY 1l1al :\ sllhnrdinariollOf thc ('ounty's rights. inlcrcsls
and licn is nCl'cssary IOIll-laill lillandng Ill!' lhl..' ..\rbOl' \'io.:w Aparllllcnls. an <lITordahle housing
projecl collsislillg oi'ollc hundred Si.\ly eight (!(ISI IllUlli-l;unily dwelling unils; ;lI1d
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B) In compliance with the provisions of the impact ree ordinances. thc Owncr will dcli\'er 10
the Count)' suhstitulc collatcral in the: fonn of cash and a cash equi\'alent financial
instnllllent payahle 10 Ihe COllnly which together will yicld to (he Counl)' the full alllolint
of the dcferred impact rces. i.e,. (he Sum of Four Hundred Eighly Onc Thousand ,lJld
FOUr1cen Dollars and 52/100 ($48 J.O 14.52) al Ihe expiration or the pcriod or thc dercrral.
Novcmher 15.2004. i.c.. a United Statcs Treasury Zero Coupon Bond which \\'illmalure
allhe cnd orlhc deferral pcriod. ;\:o\'emhcr 15.2004. :lI1d. uponmatllrity. \\'ollld yield :.n
amount equal 10 thc amollnl of Ihe dererrcd fees. COllnlY cll\'enanls and .1gr~'cs thaI it
\,'ill nol negotiatc the hond unless and until the: deferred impact fe~'s IK'COl11e due a!H1
pnyahlc pursu,II11 to lhc terms of the Agreement ror ocrernll or Collier ('ounty lmpac.:l
Fecs and that all moneys received by negotiation or the hond shall be applicd to thc
payment or S<lid dererrcd impact ree ohligation owing by Arhor Vie\\, LId.
C) The County herchy co\'cn,lI1ts and consents and agrees that its rights. int~'rests .1I1d lien
pursuanl to Ihe J\greement shall h..: submdinuled In the lien of the Mortgagc ami Security
Agrccmcnt ("Mortg:lgc") and olhcr documents execuh.:d by Own..:r in considcralion
therewith rrom Arhor View, LId. 10 WRfl Mor1gagc, Inc. or Midl.1I1d i\lortgag(.' Corp.. or
other primary Icnder in the principal amount of up to Elevcn Million Do!Jars
(S II,()OO.DOO) plus accrued interest and all :It!\'ances aulhorizeclund..:r the pnl\'isions of
such mortgages. Thc County will exccule such suhnrdil1alion agrecmcnls as may ill:
rcasonably required by s;Jid mortgagecs.
J. Dcferral nf said impact fees is suhjeet to and cOl1tinge:nt upon execution and rccordation
nr an Agreement I"or [)dcrral orCollier ('()Ul1ty Impact Fecs whil'l1 shall he entered inlo
between the: applicanl ,1I1e! ('ounty,
This Resolution ador>tcd ,lflcr motion, second <lml majority \lote Jil\'oring same.
OA TED: .:5/J~(p
ATTEST:' .
Dwight E. Brock, Clcrk
130ARD or COUNTY cmvIMISSIO;\:ERS
COLLIER COUNTY, FLORIDA
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$19r.~:';I'(: "'n I.: '. .. ~..: ::
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Ar>pro\'cd as to rorm amI
legal suflicicncy:
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Heidi F. Ashton
Assistanl County Attomey
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EXHIBIT "A"
ARBOR VIE\V APARTMENTS - LEGAL
()ESCRIPTIO~
The North 300 feet on the North Yl of the North Yz of the Southwest
Y. of the Northeast Y. of Section 10, Township 48 South, Range 25
East. Collier County. Florida, lying west or the Tamiami Trail (State
Road no. 45) and also the South 1/2 arthe North Y1 of the Northeast
Y. lying west of Old U. S. 41, Section 10, Township 48 South. Range
25 East, Collier County, Flol'ida.
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EXIIIBIT "B"
UNPLATTED
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CON.~"VAT'OH
AlfEA
r f AU zooe:
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-.4
oM
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p...
"lr~W
UNPLA TTEO
POLE HEIGHT: 55'
o
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400
100 lOO
SCALE IN fEET
ARBOR V\EW
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lit \011\ ~ $., -..... n.. l.SU, - n- I "HI) ~-4&11
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DIP ..76 1U
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