collier-county-impact-fee-installment-payment-pilot-program-agreement_399.pdf
Collier Approves 30-Year Impact Fee Installment Contract
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Description
Collier County awarded an agreement to Immokalee Fair Housing Alliance Inc. allowing payment of $195,160.96 in impact fees over 30 years at 5% interest. The contract enables installment payments in lieu of a lump sum for a housing project in the Immokalee Community Redevelopment Area.
Contract Details
Contract Amount
$195,160.96 (plus 5% annual interest over 30 years)
Vendor
IMMOKALEE FAIR HOUSING ALLIANCE INC
Agency
Collier County, FL
Contract Type
OTHER
Document Date
July 21, 2025
Contract Term
30 years, first payment due one year after Certificate of Occupancy issuance; annual payments thereafter
Renewal Info
Agreement remains in effect until all payments made; lien released upon full payment. Prepayment permitted without penalty prior to May 1 each fiscal year. Successive owners may assume or repay remaining balance upon property transfer.
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