RESOLUTION NO. 2015- 1 3 3
A

RESOLUTION

OF

COMMISSIONERS

OF

THE

BOARD

COLLIER

OF

COUNTY

COUNTY,

FLORIDA,

ESTABLISHING THE AVE MARIA INNOVATION ZONE.

WHEREAS, in addition to its broad home rule powers, Collier County is expressly
authorized

under

development

Section

125. 045, Florida Statutes to " expend public funds for economic

including, but not limited to, developing or improving local
infrastructure, issuing bonds to finance or refinance the cost of capital projects for industrial or
manufacturing plants, leasing or conveying real property, and making grants to private
enterprises for the expansion of businesses existing in the community or the attraction of new
activities,

businesses to the community;"

and

WHEREAS, Collier County adopted Ordinance No. 2010-20 providing for the creation
of Innovation Zones by adoption of a resolution; and
WHEREAS, Ave Maria Development, LLP is the developer ( hereinafter" Developer")

of

the Town of Ave Maria Stewardship Receiving Area; and
WHEREAS, the Town of Ave Maria Master Plan provides for the development of four
Town Centers; and

WHEREAS, the four Town Centers provide an opportunity for economic development in
the unincorporated area in Collier County.
NOW

THEREFORE,

BE IT RESOLVED BY THE BOARD
COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that:
SECTION ONE:

OF COUNTY

Establishment of the Ave Maria Innovation Zone.

The property identified as Town Center 1, 2A, 2B and 3 as set forth in the Town of Ave
Maria Master Plan, attached hereto, is hereby established as the Ave Maria Innovation Zone.
SECTION TWO:

Initial Tax Increment Year and Percentage.

For purposes of establishing the Base Year Assessment Roll, the base year shall be the

last Collier County Real Property Assessment Roll certified by the Property Appraiser prior to
the

the Tax Increment Resolution.

adoption of

Tax increments shall commence to be deposited

into the Trust Fund with the County fiscal year commencing on October 1, 2016, and funding
shall continue

through September 30, 2021.

into the Trust Fund
Section 4( B)

shall

be

equal

to 100%

The amount of the tax increment to be deposited
of the amount based on the formula set forth in

Collier

County Ordinance No. 2010-20. Funding shall automatically continue
with no further action by the parties for an additional 5 years, provided that after conclusion of
of

this initial fifth

year, at

least 30%

of

the Trust Fund has been

expended,.

At the conclusion of the

tenth year, the parties will meet to discuss whether an additional extension is warranted.

1

 SECTION THREE:

The

Creation of an Economic Trust Fund.

County hereby

creates

the

Ave Maria Innovation Zone Trust Fund.

The tax

increment shall be deposited into the trust fund and the trust fund proceeds shall be utilized to
implement the Economic Development Plan set forth in Section Four. The Trust Fund corpus
One Million Dollars ($

1, 000, 000) in any single fiscal year and is subject to
by the County. Up to 5% of the Trust Corpus shall be reserved as an
annual administrative fee for the County. Upon termination of the Trust Fund any unspent and

will

not exceed

annual

appropriation

unencumbered proceeds shall revert to the County' s General Fund.
SECTION FOUR:

Adoption of the Economic Development Plan.

The purpose of the Ave Maria Innovation Zone is to attract and retain qualified targeted

industry business as defined by Florida Statute 288. 106. Trust funds may be utilized in any
lawful manner, including infrastructure required to serve new target businesses or the expansion

of an existing target business; payment of County Impact Fees to be paid by the new target
business or the expansion of an existing target business; and payment of building permit fees or
County

other

fees

funds

related

be

to the

construction

in

of structures

to

the Board

serve

the target

by
expenses must be fully documented in a manner acceptable to the County.
payment of

must

approved

advance

of

County

business.

Commissioners.

Any
All

THIS RESOLUTION ADOPTED after motion, second, and majority vote favoring
same

this 23

day of SVY

t'Q

2015.

ATTEST..\
DWIGHT E. BROCK,' Clorlk.

By:

COLLIER COUNTY, FLORIDA_

By:

4' . + `

to heirmans

Attest ,

BOARD OF COUNTY COMMISSIONERS

De

Cl e '

TIM NANCE, CHAIRMAN

signatu;

Appro

Jeffrey .

and legality:

a ". ' . .

1

it.

J
atz ow, County Attorney

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