Item G4(b)LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date:Division:
September 16, 2009 Land Authority
Bulk Item:Contact / Phone #:
Yes No X Mark Rosch / 295-5180
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Agenda Item Wording:
Approval to add properties to the Acquisition List for affordable housing -
1911-1913 Patterson Avenue in Key West in partnership with A.H. of Monroe County, Inc.
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Item Background:
The Key West City Commission has nominated the subject property via Resolution
09-209. The property consists of a 7,000 square foot subdivision lot developed with a duplex built in
1950. The property is conforming with respect to zoning density and each unit is a three-bedroom,
one-bathroom design. A.H. of Monroe County, Inc. (AIDS Help) proposes to acquire the site and
manage the property as affordable rental housing for eventual use by persons living with HIV/AIDS and
affected family members. The owner’s asking price is $550,000, which equates to $275,000 per unit.
The level of Land Authority participation in this acquisition, if any, will be determined at a future meeting
following the completion of appraisals.
The addition of property to the Acquisition List is a preliminary, non-binding step indicating the Board’s
desire to pursue the property. Additional Board action at a future meeting will be required before
issuing a mortgage loan or purchasing the property.
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Advisory Committee Action:
On August 25, 2009 the Committee voted 5/0 to approve adding this
property to the Acquisition List.
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Previous Governing Board Action:
On July 15, 2009 the Board approved adding another Key West
affordable housing site (712-716 Eisenhower Drive) to the Acquisition List. This property is currently
being appraised.
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Contract/Agreement Changes:
N/A
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Staff Recommendation:
Approval.
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Total Cost:Indirect Cost:Budgeted:
$ To be determined $________ Yes No.
Cost to Land Authority:Source of Funds:
$ To be determined Land Authority
(Tourist Impact Tax collected in Key West)
Approved By:
Attorney X County Land Steward .
Documentation:
Included: X To Follow: Not Required: .
Disposition:
Agenda Item ____
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1911 and 1913 Patterson Avenue
Seller: David Franklin Williams and Louanna R. Williams
Site Address: 1911 and 1913 Patterson Avenue
Key West
Legal Description: Block 1, Lot 3, Sunshine Subdivision No. 3
Size: 7,000 sq. ft. (0.16 acre)
Tier Designation: Not applicable
Land Use Zoning: Medium Density Residential
Flood Zone: AE 7
Navy AICUZ Zone: Not applicable
Improvements: 2 residential units within 1 building (duplex)
Both units are 3 bedroom / 1 bath
Development Rights: 2 existing units
Asking Price: $550,000 ($275,000 per unit)