Item G3LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date:Division:
October 18, 2006 Land Authority
Bulk Item:Staff Contact Person:
Yes No X Mark Rosch
__________________________________________________________________________________
Agenda Item Wording:
Approval of a resolution authorizing the conveyance of the Sea Grape
Apartments site (RE #103560-000200) to the Monroe County Board of County Commissioners for
affordable housing.
__________________________________________________________________________________
Item Background:
The proposed resolution imposes affordable housing deed restrictions and
authorizes the Land Authority to convey the property to the BOCC. It is anticipated that the BOCC will
then lease the property back to the Seller for development with affordable housing.
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Advisory Committee Action:
On August 23, 2006 the Committee voted 4/0 to approve the proposed
resolution.
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Previous Governing Board Action:
On September 20, 2006 the Board continued this item pending
resolution of closing issues regarding easement agreements and the proposed lease from the BOCC.
On June 16, 2004 the Board approved adding the site to the Acquisition List.
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Contract/Agreement Changes:
N/A
__________________________________________________________________________________
Staff Recommendation:
Approval (if closing issues are resolved by the Board meeting date).
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Total Cost:Budgeted:
$ 535.50 Yes X No.
Cost to Land Authority:Source of Funds:
$ 535.50 Land Authority
(Tourist Impact Tax and State Park Surcharge)
Approved By:
Attorney X County Land Steward .
Documentation:
Included: X To Follow: Not Required: .
Disposition:
Agenda Item ____
LAND AUTHORITY CONVEYANCE COSTS
09/20/06
PurchaseEnvr. Audit, SurveyTitleAttorneyRecordingTotal
PropertyPriceor Clean-upInsuranceFeeFeeCosts
aca Key Acreag
Ve
RE#00103560-000200
$0.00$0.00$0.00$500.00$35.50$535.50
Phase I
Phase II
RESOLUTION NO. ________
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY AUTHORIZING
THE CONVEYANCE OF THE PROPOSED SEA GRAPE
APARTMENTS SITE ON KEY VACA TO THE MONROE
COUNTY BOARD OF COUNTY COMMISSIONERS FOR
AFFORDABLE HOUSING.
______________________________________________
WHEREAS, section 380.0666(3), Florida Statutes (FS) and section 9.3-2, Monroe County Code,
empower the Monroe County Comprehensive Plan Land Authority (hereinafter “Land Authority”)
to acquire and dispose of interests in real property for the purpose of providing affordable
housing; and
WHEREAS, the Land Authority has entered into contracts to purchase Key Vaca parcel RE
#103560-000200, the proposed site of the Sea Grape Apartments affordable housing
development and more particularly described as the Phase I and Phase II parcels in Exhibit A;
and
WHEREAS, the Monroe County Board of County Commissioners desires to provide necessary
housing while protecting long-term affordability by leasing the site back to the seller (the Carlisle
Group) for development;
WHEREAS, the Land Authority Advisory Committee considered this resolution at a meeting held
on August 23, 2006 and voted 4/0 to recommend approval; NOW, THEREFORE,
BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY:
The Chairman of the Land Authority Governing Board is hereby authorized to sign a deed
conveying title to the Phase I and II parcels identified in Exhibit A to the Monroe County Board
of County Commissioners. Said deed shall restrict future use of the property as specified in
Exhibit B.
PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a
regular meeting on this ______ day of _______________________ 2006.
(Seal)
ATTEST: MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
________________________ ________________________
Mark J. Rosch Charles “Sonny” McCoy
Executive Director Vice Chairman
Approved for Legal Sufficiency
________________________
Larry R. Erskine
EXHIBIT B
AFFORDABILITY COVENANTS
1. Term. These affordability covenants are perpetual, run with the land, and are binding on all
present and subsequent owners and mortgagees.
2. Property Use. Use of the property shall be restricted to the provision of affordable housing
as defined in section 380.0666(3), Florida Statutes, as said statute may be amended from
time to time.
3. Monitoring. Grantee is responsible for ensuring compliance with the affordability covenants
contained herein and expressly agrees to furnish, upon Grantor’s request, written
certification thereof.