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Item C3 lAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: February 17, 2000 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval of a resolution authorizing a local contribution in the form of a mortgage to subsidize the Tradewinds Hammocks affordable housing development on Key Largo. Item Background: The proposed resolution authorizes a zero-interest, 50-year mortgage from the Land Authority in the amount of $1,952,000 and authorizes the Chairman to sign the corresponding local contribution application form to the Florida Housing Finance Corporation (FHFC) as a subsidy for the 122-unit Tradewinds Hammocks affordable housing development on Key Largo. The Tradewinds Hammocks project has not completed the County development review process. The proposed resolution is on the agenda now so the Board can consider Land Authority participation prior to the March 8, 2000 deadline for FHFC funding. See the attached memo for further background information. Additional documentation for this item includes the FHFC local contribution form, a financial pro forma (10 pages), and the narrative portion of the project's minor conditional use application (30 pages). Advisory Committee Action: On 2/1/00 the Advisory Committee voted 5/0 to approve the proposed resolution. Previous Governing Board Action: On 10/14/99 the Governing Board approved adding a portion of the subject property to the Acquisition List. Staff Recommendation: Approval, subject to Growth Management development review and permitting. Total Cost: $ 1,952,000.00 Budgeted: Yes X No Cost to land Authority: $ 1,952,000.00 Approved By: Attorney ~ OM B/Purchasing Risk Management Executive Director Approval: ~~~~ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #3 RESOLUTION NO. A RESOLUTION OF THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY APPROVING A MORTGAGE AGREEMENT AND PROMISSORY NOTE FOR USE WITH TRADEWINDS HAMMOCKS, LTD. TO PROVIDE AFFORDABLE HOUSING AND AUTHORIZATION FOR THE CHAIRMAN TO EXECUTE THE ASSOCIATED FLORIDA HOUSING FINANCE CORPORATION APPLICATION FORM. 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 an interest in real property for the purpose of providing affordable housing to very low, low, or moderate income persons as defined in section 420.0004, FS, where said acquisitions are consistent with a comprehensive plan adopted pursuant to Chapter 380, FS; and WHEREAS, MRT of the Florida Keys, L.L.C., a limited liability company and Heritage Rural Housing, Inc., a Florida corporation, propose to form Tradewinds Hammocks, Ltd., a limited partnership (hereinafter "Owner") for the purpose of constructing, owning, and operating 122 units of affordable rental housing known as Tradewinds Hammocks (hereinafter "housing development") on Key Largo to provide housing for persons of very low and low incomes for a period of 50 years; and WHEREAS, in order to finance the $13,083,464 total cost of the housing development, the Owner proposes to apply on March 8, 2000 for tax credits and a HOME loan from the Florida Housing Finance Corporation (hereinafter "FHFC"), a public corporation created within the Florida Department of Community Affairs pursuant to section 420.504, FS; and WHEREAS, the application process for the FHFC tax credit program is highly competitive and awards maximum points to those applicants providing a local contribution in the amount of $500,000 or 5% of the total project cost ($654,174), whichever is less; and WHEREAS, the Owner states that it is necessary to receive subsidies in the form of a $1,952,000 mortgage loan from the Land Authority and $244,000 in impact fee waivers from Monroe County in order to make this project financially feasible; and WHEREAS, the Land Authority Advisory Committee considered this proposal at meetings held on January 26, 2000 and February 1, 2000 and voted 5/0 to recommend approval of the loan subject to the requirements contained in this Resolution; and WHEREAS, the Governing Board wishes to approve the Advisory Committee's recommendations; NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY: Section 1. Effective immediately, the Land Authority Chairman is authorized to sign FHFC Form 5, Page 7 of 10, indicating a local government contribution in the form of a zero-interest, 50-year loan in the amount of $1,952,000.00 in support of the Owner's application to FHFC for a HOME Page 1 of 3 loan in the amount of $3,050,000 and tax credits in the annual amount of $610,000 for ten years for the housing development. Section 2. On or about March 31, 2000, the Land Authority Executive Director is authorized to disburse $660,000 to the Owner provided all of the following conditions have been satisfied. a) The Owner has provided to the Land Authority a copy of the completed application for tax credits and a HOME loan and proof that the Owner submitted said application to FHFC by the March 8, 2000 application deadline. b) The Monroe County Planning Director has provided notice that the 40-unit affordable housing project on the 5.11-acre parcel described in Attachment A has been fully approved for development. c) The Land Authority's legal counsel has provided notice that the Owner has executed a zero- interest, 50-year first mortgage agreement and promissory note for the amount of $660,000 encumbering the property described in Attachment A. In the event FHFC has not awarded the tax credit and HOME loan commitment by the conclusion of three application cycles, beginning with the March 8, 2000 cycle, the Owner shall convey the property described in Attachment A to the Land Authority free and clear of any encumbrances. d) The Land Authority's legal counsel has provided notice that use of the property described in Attachment A has been permanently restricted by deed restriction to affordable housing for very low, low, or moderate income persons as defined in section 420.0004, FS. Said deed restriction shall also reference the affordable housing requirements of the Monroe County Land Development Regulations and shall impose said requirements permanently, notwithstanding the normal 20 or 25 period of said regulations. Section 3. On or about June 15, 2000, the Land Authority Executive Director is authorized to disburse $600,000 to the Owner provided all of the following conditions have been satisfied. a) The Monroe County Planning Director has provided notice that the 122-unit affordable housing project located on the combined area of all of Tract E of Trade Winds subdivision together with Block 4, Lots 1-14, Industrial Acres subdivision as described in Attachment B has been fully approved for development. b) The Land Authority's legal counsel has provided notice that the Owner has executed a zero- interest, 50-year first mortgage agreement and promissory note for the amount of $1,260,000 encumbering the property described in Attachment B and replacing the mortgage and note referenced above in Section 2(c). In the event FHFC has not awarded the tax credit and HOME loan commitment by the conclusion of three application cycles, beginning with the March 8, 2000 cycle, the Owner shall convey the property described in Attachment A to the Land Authority free and clear of any encumbrances. c) The Land Authority's legal counsel has provided notice that use of the property described in Attachment B has been permanently restricted by deed restriction to affordable housing for very low, low, or moderate income persons as defined in section 420.0004, FS. Said deed restriction shall also reference the affordable housing requirements of the Monroe County Land Development Regulations and shall impose said requirements permanently, notwithstanding the normal 20 or 25 period of said requirements. Section 4. The Land Authority Executive Director is authorized to disburse $692,000 to the Owner provided all of the following conditions have been satisfied. Page 2 of 3 a) The Land Authority's legal counsel has provided notice that the Owner has secured the construction loan necessary to build the 122-unit project. b) The Land Authority's legal counsel has provided notice that the Owner has executed a zero- interest, 50-year mortgage agreement and promissory note for the amount of $1,952,000 encumbering the property described in Attachment B and replacing the mortgage and note referenced above in Section 3(b). Section 5. The Land Authority will subordinate the mortgages referenced in Sections 2(c), 3(b), and 4(b) above only to the following loans obtained by the Owner in furtherance of developing the property: a conventional first mortgage, a second mortgage in favor of FHFC with 20-year term, and a third mortgage in favor of a member of the Federal Home Loan Bank with a 10-year term. PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a regular meeting on this day of 2000. (Seal) ATTEST: MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY Mark J. Rosch Executive Director Nora Williams Chairman Approved for Legal Sufficiency Larry R. Erskine Page 3 of 3 A TT ACHMENT A RE# 454611-000500,454611-000600, 454611-000700, 454611-000800, 454611-000900, 454611-001000, and 454611-0011000 A part of Tract "E", TRADE WINDS, according to the Plat thereof as recorded in Plat Book 7, at Page 42 of the Public Records of Monroe County, Florida, being more particularly described as follows: BEGINNING at the Northwest corner of Tract "E", of the aforementioned plat of TRADE WINDS, thence bear North 89 degrees 52 minutes 54 seconds East along the North line of said Tract "E" and the South line of Samson Road for a distance of164. 85 feet to a point; thence bear South 00 degrees 06 minutes 57 seconds West for a distance of326.75 feet to a point; thence bear North 89 degrees 52 minutes 54 seconds East for a distance of 160.00 feet to a point on the East line of said Tract "E"; thence bear South 00 degrees 06 minutes 57 seconds West along the East line of Tract "E" for a distance of524.29 feet to the Southeast corner of Tract "E"; thence bear South 89 degrees 52 minutes 54 seconds West along the South line of Tract "E" for a distance of321.37 feet to the southwest corner of Tract "E"; thence bear North 00 degrees 07 minutes 06 seconds West along the West line of Tract "E" for a distance of 851.03 feet back to the POINT OF BEGINNING, containing 5.11 acres, more or less. ATTACHMENT B All of Tract E of Trade Winds subdivision, according to the Plat thereof as recorded in Plat Book 7 at Page 42 of the Public Records of Monroe County, Florida; and Block 4, Lots 1 through 14 inclusive of Industrial Acres subdivision, according to the Plat thereof as recorded in Plat Book 5 at Page 15 of the Public Records of Monroe County, Florida; and The portions of Troup Road, Maule Lane, and Buttonwood Lane to be abandoned, more particularly described on the following pages as Vacation Descriptions #1 and #2. ATlQt.l DESCRIPTION .1 . CRIPTlON tOR PROPOSED VACA nON or PORTlONS OF TROUP ROAD, MAULE LANE MolD TON\roOD LANE IN 0. t thto South"~st CorrM>r of Lot 1-4, Btock ", INDUSTRIAL ACRES, o.ccordlng ;'th~ Plo.t ther.of, o.s rpcorck>d In Plat Book 5, 0.1: Pnge 15 of t~ Public R~cot"d5 t" ,Monroe COutlty, rlorldo.) th'!'nce run EAST along tn. South line of Lots I through ,of Sllld Block 4, INDUSTRIAL ACRES, for 0. dlsto.nce of 1377.30 ff".1: to the Polnt <," CurVQtur. of 0. curv" COnco.vp to the Northwest, ho.vlng 0. Nldlus of' 25.00 feet , a c t"f"Itr 0.1 o.ngll> of 8<r~1'46~) thl'nc. o.long thl" o.rc of !>(\Id cur". In 0. North- : ...terly dlr~ctton for 0. d1sto.nc~ of 39.21 feet to the Po+nt of To.ngency of So.ld ,.ve) tht-nc. rUf'l N.OO"08'14' E. o.long the E0.5t line of So.ld Lot 1, Block 4, : 1WDUSTRlAL ACRES, for 0. d1sto.nce of' 60.91 fpet to ~ Point of Curva ture of 0. 'i VP conco.v. to t~ Southwest, having a ro.dlus of 25.00 feet o.nd a centro.l ; ,'e of 90014'03') thence o.lol"tg ~ o.rc of SQld curve In a Northwesterly ... ' ctlon fol" 0. dfsto.nce of 39.37 fpet to the Point of Tangency of so.ld curve) ,: nee I"UI"I S. 89"S.nl' \I., o.{ong the North line of so.ld Lots 1 through 14, Block !",~NDUSTRIAL ACRES, for 0 dlsto.nce of 1377.59 fee't to the Northwest corl"t~ of " , Lot 1-4, Stock 4, INDUSTRIAL ACRES) thence run N. OlrOS'~9' 'J along thp North- ~',' . y prolongotlon of thp \lest line of So.ld Lot 14, for 0. d1sto.nce of 50.00 fHt to 1,'\ point on the South line of Tro.ct 'A', TRADE\lINDS, o.ccordlng to th€> Plo.t the,..(>of, ': recorded In Plot Book 7, at Po.Qe 42 of thE.> Public Re'cords of Monrot> County, ~i ,,' Ido.J thpnce run N. 89"S~'11~ E. o.long the South lint> of Tro.cts 'A' o.nd 'E' of . TRADE'JINDS, for 0. dlsto.nce of 1427.89 fpet to a point on ~ Eo.st rlght-of- ~ lln@ of Mo.ute Lo.ne o.forp50ld) thE-nct> run S, 00"oa'14~ \I. o.long salol Eo.st rlgh- '~wo.y line for 0. dlsto.nce of 211.00 fpet to 0 point on the North lint> of Lot 13, .ck 1, HISBISCUS PARK, o.ccordtng to the PI 0. t the-reof, 0.5 recOf"'dPd In Plo. t Book :tt. 0. t Po.Qf" 166 of the Public Records of Monroe County, Florida) the-nce run 'JEST ~ the North line of Lots 13 through 21, of sold Btock 1, HISBISCUS PARK, to the ~t of Curvoture' of 0. curve concave to th4:" Southeo.st, ho.vlng 0. radlus of 25.00 ......t and 0. cf"n"tl"o.l o.ngll" of WOO'OO') thence olong t~ o.rc of sold curve In 0. '~.,.thwes"terly dlr'ectlon for 0. dlstG.ncl" of 39.27 feet to the Point of Tangency ~ So.ld curve) thence run NORTH o.long "the Northl"rly prolongctlon of the \Jest line .~ so.ld Lot 21, Block L HIBISCUS PARK, for a d1!>to.nce of 50.00 fe'et to It's In"ter- f' -- tlon with the F:o.stprly prolonQO.tlol"t of the North line of Block 2 sold HIBISCUS . , '.. : ) thence I"un \lEST o.lol"tQ so.ld Eo.st(>rly prOlonQCl tlon for 0. dlsto.nce of 40.00 f@'f"t ! ,the Northeo.st corner of Lot 1. So.ld Block 2. HISBISCUS PARK) ttKonce run NORTH :, g the Northl"rly prolong.o.tlon of the East line of sold Lot 1, Block 2 fol" 0. \_tQ~ of 12.50 feet to It's tntprsectlon wtth thp Centerllrw of Buttonwood Lo.ne, ~;ie5 foot .rlght-of-wo. y o.S deptcte'd Ol"t the 0 f ore'so.ld PI 0. t of INDUSTRIAL ACRESs thence . 'WEST along so.ld Centerline of Buttonwood Lo.ne for a distance of 970.94 feet to titersectlon with thE> SouthE'rly prolongation of the \lest line of Lot 14, Block 4, tilI[)USTRIAL ACRES o.forpsold) thencE' run N. 00005'49' 'vi. o.long so.ld Southerly prolongation '~, 0. dIstance of 12.S0 f ~(>t to the said Southwest cOl"ner of Lot 14, Block 4, INDUSTRIAL A(;REs o.nd to the POINT or BEGINNING. ~to.lns 108539.33 sQuo.re feE"t. ~re or l€"Ss. VACATION DESCRIPTION" 2 OCSCRIPTION FOR THE PROPOSED VAC"- TION or A PORTION or BUTTON'w'OOON LANE. BEGIN 0. t thE'.Northnst corner of lot L Block ~, HtSBJSCUS PARK, G.ccorclng to t..... plo. t therPOf, as rt"cordttd In Plat Book 3, 0. t Po.~ 166 of tN P'""t1c RKords of' Monroe County, florldo.J t~nc~ run 'w'EST o.long t~ North l~ of lots J through l' o.nd 0. portion of Lot 20 said lHocl< 2, HISBISCUS PARt< for a dfstnnaa of 970.92 f~t . to It's IntE'rseoctlon wIth the Southerly prolonoo.tlon of the \t'{>>st Une of' Lot 14, Blod< .., INDUSTRIAL ACRES, according to the Plo.t thereof, os rpcorded In Plo.t Book 5, o.t Po.~ 15 of the Pubtlc Records of Monroe Courrty, rlorlc:Ao.J ~e rlJf'\ N. 00.05'49' E. a.long so.ld SouthE'rly prolongo.tlon for 0. dlrto.nct" of 12.50 fH't to th~ C.nt~llne of Buttonwood La..., 0.. 25' dght-of'-Wo.y 0.5 deplcWd on thl' o.foresatd pta.t ~ INDUSTRIAL ACRESJ t.....nce run EAST o.long so..ld Center-Une for 0. dlsto.nce of 970.94 feet to It's Int~r,.~on wIth th4t Norttwr\y prolongo. tlon of the East line of Lot L Block 2, HlSBISCUS PARK 0. forl"So.ldJ thl'nct> run SOUTH o.long so.ld North~rly prolongatIon for 0. dlstonce of 12.50 feet to t~ o.f'oreso./d NOt"'~st corner of Lot 1, Block 2., HISBUSCUS PARK o.nd to t~ POlNT or BEGINNING. Conto.lns 12134.5 squo.re f'"t, !'lore or less. MEMORANDUM TO: Land Authority Governing Board FROM: Mark J. Rosch, Executive Director MJ'L- :..---- DATE: February 4, 2000 SUBJECT: Tradewinds Hammocks Affordable Housing Development Tradewinds Hammocks Ltd. proposes to construct, own, and manage 122 units of affordable rental housing for persons of very low and low income for a period of 50 years in participation with the Florida Housing Finance Corporation's (FHFC) tax credit and HOME loan programs. Tradewinds Hammocks Ltd. is a limited partnership consisting of MRT of the Florida Keys (Peter Rosasco, Pedro Falcon, and David Tuttle) and Heritage Rural Housing, Inc. (a corporation located in Cape Canaveral specializing in the development of affordable housing). The FHFC is a public corporation created by the Legislature within the Department of Community Affairs. Attached to this memo is a table summarizing the project's proposed financing and rents. The subject property consists of 11.55 acres of hammock, disturbed hammock, disturbed land, and mangroves adjoining the Tradewinds Shopping Center on Key Largo. The property is zoned Urban Residential (UR) and designated Residential High (RH) on the Future Land Use Map. Ordinarily Comprehensive Plan Policy 601.1.14 would prohibit the Land Authority from subsidizing development in hammock areas, but Policy 101.2.4 and Growth Management Administrative Interpretation 99-2 provide an exception for those cases when the development is affordable housing and the property is designated RH on the Future Land Use Map. The proposed resolution calls for a zero-interest mortgage in the amount of $1,952,000 from the Land Authority for a term of 50 years. The owner proposes that this amount, together with a $244,000 waiver of County impact fees, serve as the local contribution in an application to FHFC for State funding in the form of a $3,050,000 HOME loan and tax credits in the annual amount of $610,000 for ten years. Although the Land Authority's mortgage exceeds the $500,000 necessary to receive the maximum points for local contribution on the FHFC application for tax credits, the owner's pro forma indicates a subsidy of this amount is necessary to make the project financially feasible. The Land Authority has obtained two appraisals of the land and the proposed $1,952,000 mortgage does not exceed the property's average appraised value assuming the property has all necessary development approvals for 122 units. The remainder of the project funding would come from a $2,457,655 conventional mortgage and $748,689 in deferred developer's fees, bringing the total project cost to $13,083,464. Prior to funding the project, the FHFC will conduct an independent financial review of the entire project as part of the underwriting process. If approved, this project would be the Land Authority's first partnership with a private for-profit developer, which raises the issues of profit and risk. The developer's fee (inclusive of expenses and overhead) for this project is 16%, which is consistent with the limit established by the FHFC requirements. With respect to risk, we have attempted to minimize this issue by releasing the Land Authority's funds in phases, by working with a developer (Heritage Companies) 1 experienced with using tax credits to develop affordable housing in the Keys, and by bringing the funding, structure, and controls of the FHFC into the project. The proposed resolution links disbursement of Land Authority funds to specific milestones in the application and permitting process, as well as the owner's commitments to make payments on the property. Up until the final disbursement, the Land Authority's mortgage would be in first position. Once the other funding sources have been secured, the Land Authority's entire funding would move to third or possibly fourth position. FHFC tax credits have funded other affordable housing developments in the Keys. The Monroe County Housing Authority used tax credits to finance Eastwind Apartments in Marathon. Additionally, the Heritage Companies used tax credits to develop Mariner's Cove Apartments in Key West. Both of these projects were built in the past 10 years, so there is no example in the Keys of tax credit housing that has been in existence for the full 50-year affordability period. The Key West Housing Authority has decided to use public housing bonds and a HOME loan instead of tax credits for the financing of the proposed housing on the Fairgrounds property in Key West. The application process for receiving tax credits is extremely competitive. In the event the Tradewinds application to FHFC is not successful this year, the proposed resolution would allow the owner two additional funding cycles to secure FHFC funding, failing which title to the property would be conveyed to the Land Authority to allow alternative affordable housing initiatives on the site. In the event the Tradewinds application to FHFC is successful and the housing is built, the FHFC will be responsible for monitoring affordability for the compliance period of 50 years. Regardless of the success of the FHFC application, the proposed resolution calls for the property secured by the Land Authority mortgage to be permanently restricted for use as affordable housing from the time the Land Authority funds are released. After 50 years the owner will have no further obligation to FHFC, however the Land Authority's deed restriction will remain in place indefinitely. The Land Authority's deed restriction would not guarantee the condition or even the existence of housing after the 50-year FHFC period without additional public subsidies at that time, but it would preclude the owner from using the property for purposes other than affordable housing. Funding for the proposed $1,952,000 Land Authority mortgage would come from the Land Authority's local funds reserved for acquisitions in the Florida Keys Area of Critical State Concern. This fund has a current unencumbered balance of approximately $4.0 million. In order to allow the Governing Board an opportunity to consider Land Authority participation in the Tradewinds Hammocks project prior to the March 8, 2000 deadline for FHFC funding, it has been necessary for staff and the Advisory Committee to review the proposal in advance of the County permitting process. Obviously the Land Authority should only participate if the project obtains all necessary development approvals and permits. 2 Tradewinds Hammock 122-Unit Affordable Housing Development Financing Local Contributions Land Authority Mortgage County Impact Fees of $244,000 FL Housing Finance Corporation (State Contributions) Tax Credit Equity HOME Loan Conventional First Mortgage (Private Lender) Deferred Developer's Fees Total Project Cost $1,952,000 fees waived $4,875,120 $3,050,000 $2,457,655 $748,689 $13,083,464 Housing Type and Affordability Income % of Median Net Size Net Rent Unit Type # of Units Level Income (sq. feet) (per month) Efficiency-1/1 2 Very Low 28% 700 $220.00 Efficiency-1/1 1 Very Low 50% 700 $422.38 Efficiency-1/1 9 Low 60% 700 $514.00 Subtotal 12 2 BR/2 Bath 11 Very Low 28% 890 $263.00 2 BR/ 2 Bath 4 Very Low 50% 890 $506.25 2 BR/ 2 Bath 57 Low 60% 890 $616.00 Subtotal 72 3 BRI 2 Bath 6 Very Low 28% 1050 $299.00 3 BR/ 2 Bath 1 Very Low 50% 1050 $579.88 3 BR/2 Bath 31 Low 60% 1050 $707.00 Subtotal 38 Total Units 122 I H'-'L Ul "2000 COMBINED ~NT AL CYCLE FORM 5 LOCAL GOVERNMENT CONTRIBUTIONS PAGE 7 OF 10 20 Points Name of ApplICant LOCAL GOVERNMENT VERIFICA liON OF CONTRIBUTION LOAN Tradewinds Hammnt':ks::, f.lJ1n Ncllne of Development ~~dwind~ F{;'lmmnr!cc location/Address: ~.::>y Lara/") FT.()RTnA.... . . (Street. City) Complete the following: Auf--hori ty The Monroe CountJZ.:Iiiand m-- Monroe County FL (City or County) (Name Of City Dr CQunty) $ 1. 952 . 00 0 _ 00 in the form of a reduced interest rate 108n to the Applicant listed for its use (Loan Arncl.Int) solely for assisting the proposed Development referenced above. The IOBn will bear interest at a rate of has committed _ 0 - % per annum over a period of 50 years. The loan's repayment perioc:l, amortization period. payment frequency and other applicable tem'ls are: No amortization with 1 payment equal to $1.95'. noo nn ,"'+- th~ ~nA of JO years. The folloWing government point of contact can verify the above stated contributIOn: Mark Rosen, Executive Director Name of Govemment Contact: Monroe county Land AuUu)L'lLv Mailing Addre5.5: 1200 Truman Avenue Suite 207 City, Stat4&&Zip Key West, FL. 33040 CERTlFICA nON I certify that the above information is true and correct Telephone No.: ~OI:'\-7Q C\ "1 RO Signature Telephone Number PRINT or TYf!lE Name PRINT or TYPE Tlt1e NOTE TO LOCAL GOVERNMENT OFFICIAL; Innstructure Improvements that are not specifically made for the benefit of this Development but are instead of general benefit to the area in which the Development is located will NOT qualify as a contribution to me DevelOpment Further. the fact that nO impact fees or oth~r tuch fees life IeYied by a local jurisdiction for ANt type of development DOES NOT constitUte a "Load Government Contribution" to the proposed DevelOpment Similarly, if 5uoh fec~ ARE levied by the local jurisdiction but the nature of the proposed Development exempts it (e.g., typically. a Rehabilitation Development Is not subject to impact fees), fOr purposes of this fenn, no ULocaI Gowmment Contribution" ~)(ists ~nd no points will be awarded. THIS FORM MUST ae SIGNeD BV THE MAYOR, CITY MANAGER, COUNTY MANAGER! ADMINISmA TOR, CHAIRPERSON OF THE CITY C~NCIUCOMMISSION OR CHAIRPERSON OF THE BOARD OF COUNTY COMMISSIONERS. IF THE CONTRIBUTION IS FROM A LAND AUTHORITY ORGANIZED PURSUANT TO CHAPTER 380.0863, FLORIDA STATUES, THIS FORM MUST Ie SIGNED BY THe CHAIR OF TH~ LAND AUTHORITY. OTHER SIGNA TORIES ARE NOT ACCEPTABLE. ZERO POINTS W1LL S! AWARDED. NOTE: DO NOT 'SCAN., 'IMAGE", RETYPE OR OTHERWISE At.. TER THIS FORM. IT MAY BE PHOTOCOPIED. HERITAGE ACQUISITION AND DEVELOPMENT PROJECT SUMMARY OF FUNDS PROJECT: Tradewind Hammocks TOTALS PROJECT LOCATION: Key Largo, Monroe County, FL GROSS SQ. FT.: 117,998 NO. OF UNITS: 122 COST DECRIPTION OF COST SUMMARY OF COST PER COST PER % OF %OF CONST. CODE COST UNIT SQ. FT. COST CONST. COST COST SITE DEVELOPMENT COST 1,398,547 11,463.50 11.85 0% 0% 11.85 CONSTRUCTION HARD COST 5,899,889 48,359.75 50.00 0% 0% 50.00 SITE AMENITY COST 250,000 2,049.18 2.12 0% 0% 2.12 GENERAL REQUIREMENTS 452,906 3,712.35 3.84 0% 0% 3.84 OVERHEAD COST 150,969 1,237.45 1.28 0% 0% 1.28 PROFIT 452,906 3,712.35 3.84 0% 0% 3.84 ARCHITECTURAL DESIGN FEES 61,000 500.00 0.52 0% 0% 72.93 ARCHITECTURAL INSPECTION FEE 12,200 100.00 0.10- . -- 0% 0% ENGINEERING DESIGN FEES 103,822 851.00 0.88 0% 0% ENGINEERING INSPECTION FEES 27,450 225.00 0.23 0% 0% SURVEYS-ASBUIL TS-TESTING 24,400 200.00 0.21 0% 0% BUILDING PERMIT COST 98,897 810.63 0.84 0% 0% AQUEDUCT FEES/FL. KEYS COOP. 277,245 2,272.50 2.35 0% 0% CONNECTION FEE COST - - - 0% 0% PERFORMANCE & PAYMENT BOND 87,562 717.72 0.74 0% 0% ADVERTISING/ MARKETING 35,000 286.89 0.30 0% - LEGAL COST 75,000 614.75 0.64 0% - ACCOUNTING COST 11,000 90.16 0.09 0% APPRAISAL AND MARKET STUDY 9,000 73.77 0.08 0% REAL EST ATE TAXES 44,720 366.56 0.38 0% INSURANCE-lPROP./LIAB.BLDRS RI 35,990 295.00 0.31 0% EN~RONMENTALCOST 3,500 28.69 0.03 0% TAX CREDIT FEES 69,345 568.40 0.59 0% TITLE INSURANCE 80,176 657.18 0.68 0% CONSTRUCTION LOAN INTEREST 335,749 2,752.04 2.85 0% CONSTRUCTION LOAN FEES 44,178 362.11 0.37 0% SYNDICATION FEES 15,000 122.95 0.13 0% BANK ENGINEER INSPECTIONS - - - 0% PERMANENT LOAN FEES 24,577 201.45 0.21 0% OPERATING RESERVE 135,453 1,110.27 1.15 0% RECORDING FEES 4,880 40.00 0.04 0% LEASE UP RESERVE 67,726 555.13 0.57 0% LAND COST 973,000 7,975.41 8.25 0% SUB TOTAL: 11,262,087 92,312.19 95.44 - CONTINGENCY 150,969 1,237.45 1.28 0% SUB TOTAL OF COST: 11,413,056 93,550 96.72 0% DEVELOPERS OVERHEAD 417,602 3,422.97 3.54 0% I DEVELOPERS FEE 1,252,807 10,268.91 10.62 0% ! TOTAL PROJECT COST: 13,083,464 107,242 110.88 0% 1 st Run 1/22/00 UNIT MIX UNIT SQ. FT. 30"k CATG 40% CA TG 50"k CATG 60% CATG MKT RATE 1BR-1B 1BR-1B 1BR-1B 1BR-1B 1BR-1B 1BR-1B 1BR-1B 12 8,820 2 0 1 9 0 2BR-1B 2BR-1B 2BR-1B 2BR-1B 2BR-1B 2BR-1B 2BR-1B 0 - 0 0 0 0 0 2BR-2B 2BR-2B 2BR-2B 2BR-2B 2BR-2B 2BR-2B 2BR-2B 72 67,283 11 0 4 57 0 3BR-2B 3BR-2B 3BR-2B 3BR-2B 3BR-2B 3BR-2B 3BR-2B 38 41,895 6 0 1 31 0 4BR-2B 4BR-2B 4BR-2B 4BR-2B 4BR-2B 4BR-2B 4BR-2B 0 - 0 0 0 0 0 TOTAL 122 CLUBHOUSE 3000 1 1 st Run TOTAL 117,998 TOTAL 6 TOTAL 97 TOTAL o 1/22100 2 HERITAGE ACQUISITION AND DEVELOPMENT BASE SHEET FOR ALL COST PROJECT: Tradewind Hammocks NO. OF UNITS: PROJECT LOCATION: Key Largo, Monroe County, FL ENGINEER: ARCHITECT: 122 COST , I.....'~ UNIT UNIT TOTAL CODES QUANITY COST COST BASESHEETFORALLCOS~ CONSTRUCTION HARD COST 122 48,359.75 5,899,889.00 SITE DEVELOPMENT COST 122 11,463.50 1,398,547.00 SITE AMENITY COST 122 2,049.18 250,000.00 GENERAL REQUIREMENTS 7,548,436.00 0.06 452,906.16 OVERHEAD COST 7,548,436.00 0.02 150,968.72 PROFIT 7,548,436.00 0.06 452,906.16 CONTINGENCY 7,548,436.00 0.02 150,968.72 PERFORMANCE & PA YMENT BOND 8,756,185.76 .0.01- 87,561.86 DEVELOPERS OVERHEAD 10,440,055.60 0.04 417,602.22 DEVELOPERS FEE 10,440,055.60 0.12 1,252,806.67 ARCHITECTURAL DESIGN FEES 122 500.00 61,000.00 ARCHITECTURAL INSPECTION FEES 122 100.00 . 12,200.00 ENGINEERING DESIGN FEES 122 851.00 103,822.00 ENGINEERING INSPECTION FEES 122 225.00 27,450.00 BUILDING PERMIT COST 122 810.63 98,896.86 SURVEYS-ASBUIL TS- TESTING 122 200.00 24,400.00 AQUEDUCT FEESlFL KEYS COOP. 122 2,272.50 277,245.00 CONNECTION FEE COST 122 INCL. ABV. INCL. ABOVE ADVERTISING/ MARKETING 122 286.89 35,000.00 LEGAL COST 122 614.75 75,000.00 A CCOUNTING COST 122 90.16 11,000.00 APPRAISAL AND MARKET STUDY 122 73.77 9,000.00 REAL ESTATE TAXES 122 366.56 44,720.32 SYNDICA TION FEES 122 122.95 15,000.00 INSURANCE-(PROP .IUAB.BLDRS RISK) 122 295.00 35,990.00 ENVIRONMENTAL COST 122 28.69 3,500.00 OPERA TING RESERVE 122 1,110.27 135,452.94 RECORDING FEES 122 40.00 4,880.00 LEASE UP RESERVE 122 555.13 67,725.86 TITLE INSURANCE 122 657.18 80,176.00 LAND COST 122 7,975 973,000.00 TAX CREDIT FEES 122 475.08 57,960.00 OTHER TAX CREDIT FEES 122 93.32 11,385.00 CONSTRUCTION LOAN INTEREST 122 2,752.04 335,749.00 CONSTRUCTION LOAN FEES 122 362.11 44,178.00 PERMANENT LOAN FEES 122 201.45 24,577.00 BANK ENGINEER INSPECTIONS 122 - - 3 HERITAGE ACQUISITION AND DEVELOPMENT INCOME AND EXPENSE SHEET PROJECT: Tradewlnd Hammocks GROSS SQ. FT.: 117,998 PROJECT LOCATION: Kev Largo Monroe County. FL NO. OF UNITS: 122 III ,;:' i.i II! > ;~,"~. .,. i> i.,..> I .'.'" .ii ii 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person 50.00% 17,150 19,600 22,050 24,500 26,450 28,400 30,400 32,350 60.00% 20,580 23,520 26,460 29,400 31,740 34,080 36,480 38,820 30.00% 10,300 11,750 13,250 14,700 15,900 17,050 18,250 19,400 40.00% 13,720 15,680 17,640 19,600 21,160 22,720 24,320 25,880 28.00% 9,604 10,976 12,348 13,720 14,812 15,904 17,024 18,116 UNIT TYPE "10 OF MEDIAN #OF UNITS GROS SQ FT NET SQ FT RENT UTILITIES MKT ADJ NET RENT TOTAL RENT EFF - 1/1 28.00% 2 735 700 $257.25 37.00 $0.25 $220.00 $440 40.00% 0 735 700 $367.50 37.00 $0.50 $330.00 $0 50.00% 1 735 700 $459.38 37.00 $0.00 $422.38 $422 60.00% 9 735 700 $551.25 37.00' - $0.25 $514.00 $4,626 MKT RATE $0.00 $0.00 211 28.00% 0 0 0 $308.70 45.00 $0.00 $263.70 $0 40.00% 0 0 0 $441.00 45.00 $0.00 $396.00 $0 50.00% 0 .0 0 $551.25 45.00 $0.00 $506.25 $0 60.00% 0 . 0 0 $661.50 45.00 $0.00 $616.50 $0 MKT RATE 0 0 0 $0.00 0.00 $0.00 $0.00 $0 212 28.00% 11 934 890 $308.70 45.00 $0.70 $263.00 $2,893 40.00% 0 934 890 $441.00 45.00 $0.00 $396.00 $0 50.00% 4 934 890 $551.25 45.00 $0.00 $506.25 $2,025 60.00% 57 934 890 $661.50 45.00 $0.50 $616.00 $35,112 MKT RATE 0 934 890 $0.00 0.00 $0.00 $0.00 $0 3/2 28.00% 6 1102 1050 $356.65 57.00 $0.65 $299.00 $1,794 40.00% 0 1102 1050 $509.50 57.00 $0.50 $452.00 $0 50.00% 1 1102 1050 $636.88 57.00 $0.00 $579.88 $580 60.00% 31 1102 1050 $764.25 57.00 $0.25 $707.00 $21,917 MKT RATE 0 1102 1050 $0.00 0.00 $0.00 $0.00 $0 4/2 28.00% 0 0 0 $397.60 67.00 $0.00 $330.60 $0 40.00% 0 0 0 $568.00 67.00 $0.00 $501.00 $0 50.00% 0 0 0 $710.00 67.00 $0.00 $643.00 $0 60.00% 0 0 0 $852.00 67.00 $0.00 $785.00 $0 MKT RATE 0 0 0 $725.00 0.00 $0.00 $725.00 $0 TOTAL UNITS: TOTAL 122 MONTHLY INCOME 69,809 ANNUAL INCOME 837,711 5.00% LESS VACANCY (41,886) UNIT BREAKDOWN: GROSS INCOME 795,825 $187.50 MISC. INCOME 22,875 NET ANNUAL INCOME 818,700 I MONTHLY I YEARLY PER UNIT I 6,711 i TOTAL INCOME , 68,225 . 818,700 , 4 1/25/00 ,'\ " . . .;u, ..:\ ;S ...... ....:.. \ \\\ ,.,. 1 MONTHLY YEARLY PER UNIT PER SQ FT % T.EXP. PAYROLL: PAYROLL 7,343 88,111 722 0.75 19.04% 90 $65,000 PAYROLL TAX & INS. 1,469 17,622 144 0.15 3.81% 20% TOTAL PAYROLL 8,811 105,733 867 0.90 22.84% OPERATING: MAINT. & REPAIR 1,779 21,350 175 0.18 4.61% $175 GROUNDS 1,220 14,640 120 0.12 3.16% $120 POOL 254 3,050 25 0.03 0.66% $25 EXTERMINATING 488 5,856 48 0.05 1.27% $48 ELEVATOR 2,033 24,400 200 0.21 5.27% $200 TOTAL OPERATING 5,775 69,296 568 0.59 14.97% ADMINISTRATIVE: MANAGEMENT FEE 3,411 40,935 336 0.35 8. 84'h, 5.00% OFFICE EQUIP/SUPP. 813 9,760 80 0.08 2.11"10 $80 TELEPHONE 356 4,270 35 0.04 0.92"10 $35 LEGAL & ACCOUNTING 813 9,760 80 0.08 2.11"10 $80 LEASING 508 6,100 50 0.05 1.32"10 $50 HOME OWNERSHIP 1,658 19,896 163 0.17 4.30"10 2.50"10 TOTAL ADMINISTRATIVE 7,560 90,721 744 0.77 19.60"10 2,015 UTILITIES: ELECTRIC 1,627 19,520 160 0.17 4.22"10 $160 WATER 1,017 12,200 100 0.10 2.64% $100 SEWER 715 8,577 70 0.07 1.85"10 $70 TRASH 2,969 35,624 292 0.30 7.70"10 $292 TOTAL UTILITIES 6,327 75,921 622 0.64 16.40"10 OTHER EXPENSES: INSURANCE 2,694 32,330 265 0.27 6.99"10 $265 :m~lm&WAI1~ REAL ESTATE TAXES 4,555 54,656 448 0.46 11.81"10 $448 TAXES IHeM Mf@lHMAAt AUDIT FEE 663 7,950 65 0.07 1.72% $7,950 TERMITE BOND 153 1,830 15 0.02 0.40% $15 COMPLIANCE FEE - - - - O.Oook $0 REPLACEMENT RESERVE 2,033 24,400 200 0.21 5.27'k $200 MISCELLANEOUS - - - - 0.00"10 $0 TOTAL OTHER EXPENSES 10,097 121,166 993 1.03 26.18"10 TOTAL OPERATING EXP. PRIOR TO DEBT SERVICE 38,570 4ti2,Il;Sf ~f~4 ;S.1l2 100.00% 100.00% NET OPERATING INCOME I 29,655 355,864 2,917 I DEBT SERVICE 19,334 232,013 1,902 SECOND DEBT SERVICE 7,625 91,500 750 N.O.I. FOR DISTRIBUTION 2,696 32,351 265 I 5 1/25/00 HERITAGE ACQUISITION AND DEVELOPMENT SOURCES SHEET PROJECT: Tradewind Hammocks PROJECT LOCA TlON: Key Largo, Monroe County, FL GROSS S 117 ,998 NO. OF UNITS: 122 SOURCES OF FUNDS FIRST MORTGAGE LTV LOAN AMOUNT $2,457,655 19.92% 20,144.71 AMORTIZATION 30 INTEREST RATE 8.75% PRINCIPAL & INTEREST 232,013 DEBT SERVICE COVERAGE 1.5338 0.0944 SECOND MORTGAGE LTV HOME LOAN $3,050,000 24.73% $25,000.00 AMORTIZATION 30 - - INTEREST RATE 3.00% INTEREST ONLY $91,500 DEBT SERVICE COVERAGE 1.10000 SURTAX, GRANTS $1,952,000 15.83% TOTAL CREDITS 4% AND 9% TAX CRECIT EQUITY: $610,000 9'" HISTORIC TAX CREDIT EQUITY $0 0.00% - 4% EQUITY AFTER SYNDICATION $4,875,120 39.52% $610,000 TOTAL 100.00% ACQ. CREDIT CACULATlON: TOTAL SOURCES 12,334,775 CONTRACT: - TOTAL USES: 13,083,464 LAND: - - SHORTFALL: 748,689 976,262 TAX CREDIT CALCULATION 9% CREDITS 4% CREDITS TOTAL COST PER UNIT COST PER S.F. TOTAL PROJECT COST 11,413,056 93,550 96.72 LESS LAND COST 973,000 7,975 8.25 - SEE ABOVE LESS PERM LOAN & LEGAL FEES 24,577 201 0.21 LESS SURTAX, GRANTS & HOME 1,952,000 16,000 16.54 LESS OPERATING RESERVE 135,453 1,110 1.15 LESS LEASE UP RESERVE 67,726 555 0.57 LESS SYND COST & COMPL FEES 26,385 216 0.22 LESS ADVERTISING / MARKET 35,000 287 0.30 ELIGIBLE BASIS: 8,198,915 $67,204 $69.48 DEV. FEE ON DEV. O.H. & PROFIT: 1,670,409 $13,692 $14.16 ACQ. - 5% - TOTAL ELIGIBLE BASIS: 9,869,324 $80,896 $83.64 921,720 4% CREDIT AMOUNTS TIMES % (1.3 OR 1.0) $12,830,121 $105,165 $108.73 130.00% 100.00% TIME CREDIT % $610,000 $5,000 $5.17 8.46'" 4.00'" - TOTAL ALLOCATION $6,100,000 $50,000 $51.70 10.00 10.00 - TIMES % SOLD $6,093,900 $49,950 $51.64 99.90% 99.90% - NET PROCEEDS $4,875,120 $39,960 $41.32 80.00% 73.00% - TOTAL NET PROCEEDS: $4,875,120 $39,960 $41.32 39960 $64,960 5,000 6 1/25/00 .... z w ::!: D.. o -I W > W o o z c( z o i= en :5 a o c( w C) ~ ii: w :t: ~~~~~~~:;: LLociNN..;..;..; ONN..,.... 0 VI .... a:: W a.. N N .... II) OOCO CD CD II) I-;!:~g~g:g:~ Zoai~-r=(f')-('f)-,... :IN.....~.... 0 a:: .... W a.. 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AMOUNT $2,457,655 $3,050,000 $2,437,560 $1,952,000 $1,462,536 $487,512 $487,512 $12,334,775 11,413,056 417,602 1,252,807 13,083,464 748,689 12,334,775 2,945,167 2,437,560 1,462,536 $5,002,000 11,847,263 434,208 COST OF FUNDS CONSTRUCTION LOAN: CACULA TION OF INTEREST IN MONTHS MONTHS OF CONST. LOAN PERCENT OUTSTANDING INTEREST RATE TOTAL CONSTRUCTION INTEREST: TOTAL CONSTRUCTION FEES: TOTAL CONST. LOAN COST: TOTALS 2,945,167 12 24.00 60.00% 9.500% $335,749 $44,178 $379,927 PERMANENT LOAN: YEARS PERCENT OUTSTANDING INTEREST RATE PERMANENT LOAN INTEREST: PERMANENT LOAN FEES: PERMANENT LEGAL FEES: TOTAL PERMANENT FEES: TOTAL PERMANENT LOAN COST: 2,457,655 30 100.00% 8.75% $232,013 24,577 $24,577 $281,166 GROSS SQ. FT.: NO. OF UNITS: TOTAL EQUITY % OF EQUITY 50.00% 30.00% $4,875,120 10.00% 10.00% 100.00% FEE RATE 2ND MTG. 1.50% 1.00% 0.00.,(, 8 117,998 122 1/25/00 HERITAGE ACQUISITION AND DEVELOPMENT TAX CREDIT FEES AND OTHER GENERAL FEES PROJECT: Tradewind Hammocks PROJECT LOCA TION: Key Largo, Monroe County, FL GROSS SQ. FT.: NO. OF UNffS: 117,998 122 COST CODE II DESCRIPTION " UNIT QUANITY II UNIT COST TOTAL 38.000 TAX CREDIT FEES 31.001 TAX CREDIT FEE 122 400 48,800 8.00%1 38.002 TAX CREDIT APPLICA TION FEE 122 5 660 38.003 TAX CREDIT UNDERWRITING FEE 122 70 8,500 38.004 STATE COMPLIANCE FEE 122 93 11,385 38.006 PLANS REVIEW FEE- AGENCY 122 . - 38.007 SUBSIDY APPLlCA T/ON FEES 122 . - - - .- 38.008 OTHER SUBMISSION FEES 122 - . 38.009 SAIL COMMffMENT FEE 122 - - TOTAL TAX CREDIT FEES COST: 69,345 I II 39.000 BOND FEES BOND AMOUNT % COST TOTAl 39.001 SUB-DMSION BOND . 2.00% . 39.002 MAINTENANCE BOND - 1.00% - 39.003 UTILITY PERFORMANCE BOND - 0.75% . 39.004 OTHER BONDS 39.005 PERFORMANCE & PAYMENT BOND TOTAL BOND FEE COST: - I I TOTAL TAX CREDIT AND BOND COST: 69,345 40.000 LOANS & EQUITY - INTEREST & FEES 40.001 CONSTRUCT/ON LOAN INTEREST 122 2,752 335,749 40.002 CONSTRUCTION LOAN FEES 122 362 44,178 40.003 BRIDGE LOAN INTEREST 122 . - 40.004 BRIDGE LOAN FEES 122 . - 40.005 PERMANENT LOAN FEES 122 201 24,5n 40.006 EQUITY FEES 122 - . 40.007 SECOND MORTGAGE INTEREST 122 . - 40.008 SECOND MORTGAGE FEES 122 - - TOTAL LOAN & EQUITY COST: 3,316 404,503 9 !-. ~. .~ o ~ ::s LIJ Q ~ oq: ::c: o j::: ~ ;:j 0- o oq: LIJ <.') ~ ii: ~ c( :::e D:: o LI. o D:: Q. ...,. .. ~ ! .. .. >< .. 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'" CO) :r ., <( 0 W II: II: II: > 0 0 0 ~ ~ UI UI ., UI UI ., 0 0 0 0 0 0 C) C) C) C) C) C) ...J ::J l- I- l- I- l- I- u.. ::E ::E ::E ::E ::E ::E ::E J: ::J VI 0 l- I- 0 0 0 Ii! <( UI UI Z Z II: ~ ~ N N CO) CO) U Vi w VI :z w a.. >< w o z Tradewinds Affordable Housing Minor Conditional Use Application ---------------------- - - - ------------------------ Ttt~~ December 1999 :or- .: < "", ... , '. ,.Ttt~,!A~". !.~ ~{t'~~J~:2~_,~.. , '. V~ .~~~. " " ' . ,; , .: Comprehensive Plahni~g' , " . . , Resofyrourism Plahni'ng "Land I,Jse R~gulalion , ,DeveiopmentFeasibilitY-, Site Design' . Expert Witne~ . J:~', " ;;~ ~.; '{t- ~ .,.:.~~,~,!.;.. I ~.. i. .... -.' '. . . .~ ~~. .. ~.. ' -';' .. .'~1: .' , .... "f,. ,.., i~ .. '.''':..:/, :.]. . :' c' .';"~:~,~.; .~.'}j ,-. .. s.;. . '{ ..' .' ,_"r "' .'! ," ~<. ~ . " . ~, t: " ~:. ;~ . ~ ~ ....... '. ",: '~- ." ':",:.~ :/:1 ~ ~. ,.'.,:, ~-'~ -. .~ ~ -> " " .... . ~ ~.- ',' " . . 'j ... ~' ... ~ , . , . .' ,..- ,. . . 4t-e> 'J I. !If'': ") . ~ ~....~.. ...... ., :..... . -.f " ...... .~' ....... . . . '. _~ 4_.. t,~ .. ..... ~;.. , . . ~ !'. ~ , ... . ~ ~ . ro' .4 ,.' :if;. ". ,c.\ ~ ~ . ~ . < , , ;~~ DeceJ)1ber;29, 1999;' .....~ ~ 41.... .; . of . ,,- ~ ~ Mailing "~dreS$: ,p,o, Bol' 372' '-' , ~.. ~ , '. ,KeyWest, Fl3,3041,-0372 ' .; , ~. ;.'.';i_ :~ . .. #' ~ - . . ,- Mr. Ed' Kocotlis, AICP .. . . nCvel6pmettt ~eview Coordinator Monroe CoilntJC PI~ing'D~p.artnient 'Suite 4 ni" ' ' , , ' '-:" " .2798 Ov.erSeasHighway ,~ Marathori;;FL 33050, " " co ~~ ~tion: 6!,O WtJjte St. . K~y'~est,F:L 33040 ' '. , .r. .. ~. " .. "'~ ~.. Phone: 30Q/294-.1S15 Fax: 3osh~2~ 1525 ~at~:<'CREE'(3@ aol.coitt. '.. ,< ~. .. ". R~:~Trad~wlp.CisAffordablc:; HOllSiIig, Key. Largo'-.Minof COQditiona.i Use.:' ........ . - . '" ,. - .. "I." . . ;, ""' - . ~ - ..,.. , 'DearEd: .. '. , .: .', " The: attached 'IIi~IiO~' .9~nditiopal ~se appli~atiop is for the' deV~I~;fi.lYiit" ~{ 1-22 'units'.of: . ," '. affOi:dable.-.bousing hi Key Largo. We. are ~qu~st1f1g that this pJt>ject be scheouled, fQr DRe as. . soon as. 'p~sslbfe, in' order to m~et tge Federal .Tax, Cr~dit Pr9:gram dea4Hrie in,March. . Final . , '.C~l,1nty aI?piovalis.req:~~'red ~rio~to t.h~ ~archdea~~~e; .~..', ,,' , " '. " ' . 'Pl~aSe_fe~lfrej;qoc~I' rion,~r :ipl.ifjori haY~ any qu6sti~Ils.Thank y'bu fotyuurtimeand." "consideration. ,"':' , .., .' , ,-: . ,', ^. '. . . .,., . .~'.... -. I,. ~ ,. , . . . , . , . :-.... .f".... ~ '.. Very truLy 1o~rs~'- _ ~":""'" . . , . ; . . '.~' . ~ . , , . .., >-' .: ,. . , . . Etizabeth' Johannse~ . ! " ~. , p, '...... '- '. ".. .'t', ;. -; , ..' 't,~. ". . ~',. .. '..:".,' ~, . . " ... :,-. c~:.-DonaldL. Craig; Alcp ~ .' . Peter Rosasco '. " .'" . . Jaequi Me~hillips '... .,' : '". '" " . . COn'lmis#oner Nora Williams, without attach~Qts -> '. , , , "'Ie , .' . .' ~ " " .. " ;'f. " .' .,~, Attachments.' o.~., '. ~ .",. , -:. '. '. I .... . . , ('-- " ,. '., " " ,,: " , Key West . E!r~kenridge .~ J.o " Table of Contents Application Form.... ........... .......... .............. ......................................... .i-iv Project Overview ................................................................................. .1-4 Application History.................................................................................5 Approvals Required..................................................................................6 Zoning Map .....................................:..................................................... 7 Aerial Photo .......................................................................................... 8 Site Photographs ................................................................................. 9-12 Request and Background Information ...................................................... .13-14 Consistency Statements........................ ......... ................................... ....15-27 Construction Management Plan .............................................................. .28- 30 Appendices DRC Development Order dated April 27, 1998 .......................................... ......A April 22, 1998 Letter from Ralph Gouldy to Tuttle ........ .......... ......... ............ ......B June 16, 1998 Letter from Planning Director to Rosasco.................................... ...C August 5, 1999 Letter of Understanding...... ...... ..............................................D November 2, 1999 Memo from Sandra Lee to Susan Sprunt ............................. ....E December 3, 1999 Letter from Don Craig to Ralph Gouldy. .. ... .. . . .. . . . . .. . . . .. . . .. . . . . . .. ..F Proof of Ownership..................................................................................G Traffic Report .'.......................................................................................H Vegetation Survey for Lots 1-14, Block 4....... ..... ...... ......... ........... ............. .....1 HEI for Lots 3,4,5,8 and 9 of Block 4.............................................................J HEI for Tract E................................................................................... ....K HEI for 1.2 acre portion of Tract E... ............ .............. .............. ..... ......... ... ....L List of Property Owners ...........................................................................M Letters of Coordination - Sample and Responses as of submittal date...................... ..N The Heritage Companies Resume. " .. . . . ... . '" .. . . . . .... . . . .. . . . '" . . . .. . . . . . .. . . . " . . . . . . . . . ...0 Site Plans, Floor Plans and Elevations, Landscape Plans, Drainage Plan and Surveys......P Tradewinds Affordable Housing T~~~ MONROE COUNTY PLANNING DEPARTMENT APPLICATION FOR DEVELOPMENT APPROVAL Application Fee: Major Conditional Use $3,850 Minor Conditional Use $3,025 ALL APPLICA nONS MUST BE DEEMED COMPLETE AND IN COMPLIANCE WITH THE MONROE COUNTY CODE BY THE PLANNING STAFF PRIOR TO THE ITEM BEING SCHEDULED (SEE PAGE FOUR). 1) Applicant Name: The Heritage Companies and MRT ()fthe Florida Keys Mailing Address: P.O. Box 1441 Cape Canaveral, FL 32920 Phone Number: (407) 799-4090 2) Agent Nameffitle: Donald L. Craig, AICP; Elizabeth Johannsen Mailing Address: The Craig Company P.O. Box 372 Key West, FL 33041 Phone Number: (305) 294-1515 3) Property Owner(s): The Heritage Companies and MRT of the Florida Keys Mailing Address: P.O. Box 1441, Cape Canaveral, FL 32920 Phone Number: (407) 799-4090 4) Legal Description of Property: Street Address: Sansom Road. Key Largo. FL Lot(s): Lots 1 through 14, inclusive, Block 4, Industrial Acres; and Tract "E" Trade Winds, Key Largo, Monroe County, Florida Key: Key Largo Mile Marker: 101.5 C&C Forms !Development App Real Estate (RE) Nwnber(s): 00455550, 00455560, 00455570, 00455580, 00455590,00455600,00455610,00455620,00455630,00455640,00455650, 00455660,00455670,00455680;454611-0005,454611-0006,454611-0007, 454611-0008,454611-0009,454611-001,454611-0011 5) Land Use District(s): Urban Residential (UR) 6) Present use of the property: Undeveloped 7) Proposed use of the property: 122 Affordable Housing Units 8) Gross floor area in square feet (Non-residential Uses): Not applicable 9) Nwnber of residential units to be built: None 10) Nwnber of affordable or employee housing units to be built: 122 11) Nwnber of hotel/motel, recreational vehicle, institutional residential or campground units to be built per type: None 12) Has an application been submitted for this site within the past two years? No I certify that I am familiar with the information contained in this application, and that to the best of my knowledge such information is true, complete and accurate. /2- /2-Jf/?' , , Date Sworn before me this c51T'L. day of ~. 199 '1 A.D. !o.,.,.V Pq~ JOANN KUBeS ~..~ . y, COMMISSION" CC 707394 ~ ~~ EXPIRES JAN 28, 2002 ~ r$". BONDED THRU OF f'" ATlANTIC BONDING CO., INC. C&C Fonns /Development App ATTACHMENT A The following is a list of required documents for conditional use approval. To determine whether an item is appropriate to a particular application, please contact the planner and biologist reviewing your application. X PROOF OF OWNERSHIP: deed, lease, or pending sale contract X LOCATION MAP showing where the project is located on the key. This enables people to easily fmd the project. ~ PHOTOGRAPHS of site from the main adjacent road. A recent aerial photograph with property boundaries delineated may be substituted. X SEALED AND SIGNED SURVEY by a Florida registered surveyor. The survey should include elevations and location of all existing structures, paved areas, location of all utility structures, bodies of water, docks, piers mean high water line, acreage by Land Use District and acreage by habitat. -X-. VEGETATION SURVEYor Habitat Evaluation Index, if applicable, prepared by a biologist qualified by the Monroe County Environmental Resources Department. NA ENVIRONMENTAL DESIGNATION SURVEY and COMMUNITY IMPACT STATEMENT (Major Conditional Uses only). X SITE PLAN prepared by a Florida registered architect, engineer, or landscape architect at a standard engineering scale as appropriate for the size and shape of the project. INCLUDING BUT NOT LIMITED TO: _ Property lines and mean high-water shoreline and outside dimensions of the entire parcel; _ All areas and dimensions of existing and proposed structures; _ Adjacent roadways and uses of adjacent property; _ Setbacks as required by the Land Development Regulations; _ Parking (including handicap parking) and loading zone locations and dimensions; _ Calculations for open space ratios, floor area ratios, density, and parking; _ Outdoor lighting location, type, power, and height; _ Extent and area of wetlands, open space areas, and landscape areas; _ Location of solid waste separation, storage, and removal; _ Type of ground co\\er such as asphalt, grass, pea rock; _ Sewage treatment facilities: _ Existing and proposed fIre hydrants or fire wells; _ Location of bike racks (if required); _ Flood zones pursuant to the Flood Insurance Rate Map (FIRM); _ Adjacent Land Use Districts. X FLOOR PLANS at an appropriate standard architectural scale including handicap accessibility features; X LANDSCAPE PLANS at the same scale as the site plan. May be on a separate plan or shown on the site plan. INCLUDING BUT NOT LIMITED TO: __ Building footprints, driveways, parking areas, and other structures; _ Open space preservation areas; _ Size and type of buffer yards including the species, size, and number of plants; _ Parking lot landscaping including the species, size, and number of plants. _ Existing natural features; _ Specimen trees, or threatened and endangered plants to be retained and those to be relocated or replaced; _ Transplantation plan (if required). X CONCEPTUAL DRAINAGE PLAN with drainage calculations prepared by a registered engineer at the same scale as the site plan: The plan must show existing and proposed topography, all drainage structures, retention areas and drainage swales, and existing and proposed permeable and impermeable areas. C&C Forms IDevelopment App X ELEVATION DRAWINGS of all proposed structures with the elevations of the following features referenced to NGVD: Existing grade, fmished grade, fmished floor elevations (lowest supporting beam for V-zone development), roofline and highest point of the structure. X TRAFFIC STUDY prepared by a licensed traffic engineer. X CONSTRUCTION MANAGEMENT PLAN (State how impacts on near-shore water and surrounding property will be managed - i.e. construction barrier, hay bales, flagging, etc.). X CONSTRUCTION PHASING PLAN. X A TYPEWRITfEN LIST of the names and addresses of all Property OwneTs within 300 feet from the borders of the project. Indicate lot, block, subdivision name and the Real Estate numbers fir each address. Compile this list from the tax rolls located in the Property Appraiser's Office. All Ap{JIications require sixteen (6) copies of all blueprints. X LETfERS OF COORDINATION MAYBE REQUIRED FOR YOUR PROJECT. The application must check with the Planning Department to identify other agencies expected to review the project. These may include: _ Florida Keys Aqueduct Authority (FKAA) _ Florida Department of Health and Rehabilitative Services (HRS) _ Florida Keys Electric Cooperative (FKEC)/City Electric System (CES) _ Monroe County Fire Marshall _ South Florida Water Management District (SFWMD) _ Florida Department of Environmental Protection (FDEP) _ Florida Department of State, Division of Historic Resources _ Florida Game and Freshwater Fish Commission (FGFFC) _ U.S. Army Corps of Engineers (ACOE) _ U.S. Fish and Wildlife Service (USFW) __ Monroe County Recycling Department _ Florida Department of Transportation (FDOn C&C Forms /Development App Project Overview The proposed project is a 122-unit multi family affordable housing project to be located in Key Largo. The project has been in the planning phase for nearly one year and designed to be completed for occupancy in the faIl of 2001, assuming all approvals are received in timely fashion and the tax credit financing is provided. Project Location The project site is 11.55 acres consisting of four separate parcels and groups of lots. They are: 1. Lots 1-14, Block 4, Industrial Acres, Key Largo, approximately 3.53 acres 2. A part of Tract E Trade Winds subdivision, approximately 5.11 acres 3. A part of Tract E Trade Winds subdivision, approximately 1.2 acres 4. Troup Road and half of Buttonwood Lane, approximately 1.71 acres Also included in the project design are portions 'of Buttonwood Lane and Troupe Road which are to be abandoned in order to provide sufficient area for the development of the housing units and to provide necessary internal access and egress from the site. These acreages do not include the wetland areas to the east of the development sites. The site is located at approximately mile marker 101.5 immediately adjacent to the Tradewinds Shopping Center. The Tract E parcels are located to the east of the shopping center and lots 1-14 are to the south of the shopping center. The land uses surrounding the site include a residential subdivision along Hibiscus Lane, which shares a boundary with lots 1-14 and contains single family homes, many of which house families long resident in the Keys. Also adjacent to lots 1- 14 is the recently created "Friendship" County Park, which fronts Highway 1. To the east of the Tract E portion is a Recreational Vehicle Park named Key Largo Kampground and Marina. To the north of Samson Road, from which this project obtains its main access, is a residential subdivision of single family homes. Immediately adjacent to the site is the large shopping center that serves many homes in the Upper Keys. The shopping center also contains the Upper Keys County Branch Library, as well as medical and professional offices. Immediately across US Highway 1, which has four lanes at this point, is a mixture of single family and light commercial land uses. Tradewinds Affordable Housing T~~~ Page I of 30 Project Need In a time of sustained economic growth, the entire Florida Keys is experiencing a crisis in the provision of affordable housing. The combination of a strong economy, high demand for housing which elevates the price of the existing housing stock, and a decline in the number of housing building permits allowed by the state all combine to create a demand for affordable housing. The County's efforts to provide housing have been hampered by a number of factors, not the least of which is the local government's lack of experience with the direct construction of affordable units, and other legal disincentives to the provision of affordable housing in the Florida Keys. While some of these impediments have recently been addressed by the County and its Affordable Housing Task Force, the private sector is the only viable source of constructing housing using a variety of government subsidies. In the Upper Keys, there is a need for both rental and for sale affordable housing. The latter is and will continue to be difficult to provide in sufficient numbers to house the demand from people who are either living in substandard units, in over crowded units, or in units which require low-income people to pay much more than the 30% of gross income recommended. This results from the high cost of land, the lack of clusters of available upland lots, and the lengthy process for obtaining each individual permit. The tourist based economy of the Florida Keys, including the Upper Keys and Key Largo, together with the demand for service sector jobs to respond to the needs of the permanent and seasonal population has created a need for rental housing. The rental housing market in the Keys serves a variety of low to moderate income people, including single workers, retirees, young couples just starting families and families of whatever age at or near the poverty line. Please refer to the final report of the County's Blue Ribbon Mfordable Housing Task Force for detail on the specifics of housing demand in the County. This body of work also refers to the evidence compiled by the previous task force appointed by state Senator Daryl Jones and state representative Ken Sorenson. Project Partners The applicants for this project are a partnership of MRT of the Florida Keys, L.L.C and The Heritage Companies of Cape Canaveral. Both firms have been involved in affordable housing projects in the Florida Keys. The principals of MRT all live and work in the Keys. Heritage has developed affordable housing projects in 14 states and continues to provide management for many of the same projects. The Heritage Companies specialize in developing housing projects, which use Federal Income Tax credits provided to the States. The State of Florida, like many of Tradewinds Affordable Housing Tk~~ Page 2 of 30 the other state programs, allocates them in a competition among housing developers. The tax credits are "sold" to wealthy individuals and companies wishing to reduce their tax liabilities. The money provided by the tax credits is used to construct the housing project. In addition to the principal partners, Monroe County Government will become a participating entity and "partner" in two very important ways. First, the Monroe County Land Authority, through its advisory board has been asked to participate by purchasing the entire property on which the project will be constructed. The advisory board has indicated a willingness to cooperate in the venture subject to assurances that the project will continue to meet the affordability criteria established by the Federal tax credit program in perpetuity, and subject to full Authority approval. In addition, Monroe County Government will be asked to allocate 82 Rate of Growth Ordinance (ROGO) exemptions from the 90 to be granted to the County in the year 2000 for this project. The County will receive the 90 ROGO exemptions specifically for affordable housing. The project needs only 82 because the proposed project includes 40 units from a previously approved project on Tract "E" for which the developer, also MRT, already has ROGO allocations. The County will also provide cesspit credits for the project from its reservoir of credits reserved for affordable housing. Project Components The project consists of 122 units of housing in four buildings. Four buildings are proposed for several reasons. First, the county land development regulations require high open space ratios for areas containing tropical hammock vegetation which occurs on parts of the site. Second, the setbacks and limitation of building height to 35 feet combine to reduce the buildable area and force a compact site design. Third, maintaining affordability requires the use of common walls. Regardless of these factors, the units proposed all have individual entrances. None are located on interior corridors. All units have access to elevators and some parking is provided below parts of the building for protection in inclement weather. Unit Mix and Type The project will provide the following mixture of units. The rental range depends on household income level and does not include utilities: Unit T e One Bedroom Two Bedroom Three Bedroom Number of Units 12 (10% of total) 72 (59% of total) 38 (31 % of total) Unit Size 874 s . ft. 1102 s . ft. 1242 s . ft. Rental Ran e 220-514 263-616 298-707 Tradewinds Affordable Housing Ttt~ ~ Page 3 of 30 Amenities The project will have the following amenities, many of which are not only reasonable for a project of this size and scope, but many are also required to score the maximum number of points in the tax credit competition. · club house, meeting rooms and offices - 3000 sq. ft. · pool - 30 x 50 ft. · basketball court · play ground · picnic shelter · automobile care area · automobile parking at the ratio of two spaces per unit · extensive open space(64% of the entire site, and 56% of the uplands) · separate courtyard for outdoor sitting Open Space The open space on site meets the re~uirements for the ratios required in the Land Development Regulations. There is a 50-foot setback from all wetlands, with the exception of the road which connects Tract "En and lots 1-14. The narrow size of the land between the shopping center property and the wetlands forces this standard width road to be set back twenty feet in this location. The planning director has the ability to waive the setback via the minor conditional use process. There are significant groupings of mature native trees on the site. The units and amenities we specifically sited to avoid as many of these trees as was possible and still maintain emergency access to all units from both sides of the buildings. Any native trees that are to be removed will be replaced. The 1.2 acre tract will largely remain unused and serve as large buffer between the RV Park to the east and this project. The open space provided on site is equivalent to 56% of the site if only upland areas are counted, and 64% if wetlands are included. Tradewinds Mfordable Housing Ttt~ ~ Page 4 of 30 Application History The project planning was initiated in the spring of 1999 and a pre-application conference was held on July 21, 1999. The County issued a Letter of Understanding on August 5,1999, a copy of which appears in the appendices to this application. Based upon the Letter of Understanding and vegetation analyses and habitat evaluations of the hardwood hammocks completed by Susan Sprunt of Environmental Consulting Services, the County biologist issued a memorandum identifying the open space ratios on lots 1-14. The project was designed based upon the County's Letter of Understanding and Sandra Lee's memo. On December 3, 1999 Donald Craig wrote to Ralph Gouldy, Director of Environmental Resources requesting a clarification of the ability to use a 40% open space ratio over the entirety of the lots 1-14. Based upon conversations with Mr. Gouldy, the project was further refined and the density reduced from the 128 units originally sought to the 122 presented in this plan. It should be noted that the project relies upon 40 units of development density previously conferred by the County to Tract "E" via Development Order 4-98 to MRT. This development order is found in the appendices to this application. The 40-unit project is now fully incorporated in to this application. However, if the County fails to approve the larger project, the applicant, MRT reserves the right to proceed with the project as approved previously. Tradewinds Affordable Housing Tk~~ Page 5 of 30 Approvals Required The completion of this project will require approvals from the County as well as the State of Florida. The approvals required from the County prior to being able to apply for the tax credit financing are: · Minor Conditional Use Approval · Road abandonment Approval · Reservation of 82 RaGa exemptions for the units added to the 40 units already approved. The latter is required in order to create the density to make the project financially feasible. Both approvals should be complete by the beginning of March 2000 in order to meet the tax credit application deadline. As part of the Minor conditional use process the Planning Director is being asked to reduce the 50-foot setback from a small portion of the wetlands in order to accommodate the road connecting the two parts of the project. In order to obtain the building permit, the County will require proof of state permit for the sewage treatment plant, and drainage plan approval from the South Florida Regional Water Management District. Tradewinds Affordable Housing Tk~~ Page 6 of 30 Zoning Map IJl.,.,. I · 1:1 1 ~ ~ CANAL - , ~T"IOt112 --, ,.-- , AVENUE D ~ , -4_ .,....~.~~ i1 UJ4J11H"U~~ ~ :E~ U C ~~ il .';) ~ · J !t'71~.Q~4. 11 iE--; ~Io4I1I1Z7U"ao 0-' ~~ IUI a = ;=i 4 . . ,l;{. . /, nIU~V :I~C . ~ z~.. ~- ,,"" a " #, I ~ '> ~ ~ " ~ ...a ,. "0 JEFfRY DR~ / URM 17 ~~- 17 ~~l\~ . 'hW "(f\~~ ,. .~.... II ,. 4 ,. . . . 1:1 . 11 1 . PROPOSED SITE ... 'r~ 11 :Ie ZI '.'P". :;~.~., ,----.7.-.-.-.' 4 .'~.'/;,: .-;;..:- . :-,' (: :-. ..: .. . ., . ~ . /., J~~{( ~.:-:' III .. M M ~.,.. ," ".. . . . . . . . . : : :. ,;l.'.T.O''''<<O ,.... . . . . . .. . ...... .........\.,......... -:~;j-::,;.: ::;;::-.i~: ::~: :::;::::~:: ::~: ::~:: ::~:;.:::_ : :-~:: -:..:. ::;::: : .: . ::~: '. '. ..~_ ;,',iI . . ~ I, . . -'. '. . . . . . .' ..... ..... ..... .:.:..';'. . ''':'.' '. '_.' ..... "" Tn...n",n I ".... I 11 11 17 111 ,. 14 ... O~~"'~ ~. ) / II of. . ,. ( ~~..".... ", ~ .. 17 NARANJA ROAD . .AlleOH ROAD T · · .L ~ 10 . 12 " , ll!l ... . .. 11 11 .. 11 b .. ... ftUIU M .l!JQ , . . 4 ~ "")/ t. " , ( ,. '> I( 11 11 II 11 .. .. M :u H JOHNSON ROAD " ~ ~ tib \,.M .. fed' "'ZI'~"'I'- +' ..., '( u .. ~~ ". ~ TROUP ROAS #. 11 17 .. 11 ..., - ~~" H I~' ~;~ .. M ~ u I t1J1R :I\W 11 t. ~ ~ U ~ · Hla.ICUI LANE ~\\~\1 II I U at " II II IF H II 14 n JJ 11 IG 11 11 17 .. 11 14 ,. 1:1 11 10 . . 1 . . . . I I " 1 ~aLtI ,. 11 10 . I J4 "I" at . IU.,~ II II II .. I. U U 11 to I I T I I;,~. a I t "' S ~ ~Ir'''' H~UI LANE ') ~ - t : -: -:Jt-: :-:-: . I . . .,' .1. . .... '......... .. .. .. .. .... .... . : -: -:.. .. ,. .. .... :-:-.. '. 'fI.' :- ~. . -.r. ..t...~... ....,..~ .. .-:~ .~,.~ ., . .. .. .. .. .... .... .. .... .'.......... . . . . . - "-. . . . ... .17 . . I . I a . 1. " 11 11 1. 1. la R ~ KEY L Nt UII11101 CANAL SR ZONING MAP MAP NUMBER: 24-22 & 24-27 SCALE: 1""" 300' / / NA Tradewinds Affordable Housing Tk~~ Page 7 of 30 Aerial Photo I!: ~. ...- ~~ . ,..,.1 . ~.........'I!:,.. .... ,.of....... . , ' f" " ~ Tradewinds Affordable H . ousmg T~~~ Page 8 of 30 ,--.. C/.l (") p:> ::l. ::n ('1l 0- o "0 ('1l ::l e; ('1l p:> '-' :;l po 0- <1> ~ 5' 0. '" ? o o ::>;" S' {fq 0- o ~ ::l C/.l ~ en -< o .... a ~ :;z:, ~ o ...... ~ 0 0' ~ ~ ~ e; ~ 0- en c C/.l :r: dQ' ::; ~ ~ ;l> ...., ~~ '"tll g. po cr' (JQ .- ~f~ o 0 ...., <= ~ ~. ....... '-' -< .... ~ ~ ...... o rJ'J o = ...... =- ::r o e rJ'J ~ = l:Il o e ~ ~ ~ ~ \ li< View to East (Looking towards Key Largo Kampground & Marina) Tradewinds Affordable Housing T~~~ Page 10 of30 ,-... "I1 ""1 0 a < ::l 0 _. ~ ::1. ~ ::r ....... 00 ~ 0 0 s:: Z e- 00 0 0 "1 (') ~ ..... =- -. 0 ~ ::l ~ 0 rn >-+, ~ t:C I s:: ~ ..... ..... 0 0 ~ ::l ~ ~ 0 I 0 ~ p.. ". t"'" ~ 0 '-" ::;3 ~ 0.. ('l ~ 5' 0.. (J> >- ::::: ~;;; ~~~ ('l.J... "" If f. W ::l <=> ('fQ ; '!--, ~. ~:-.h~'~: ~ ~ \ View to Northwest - Lots 1-14 (From north/south section of Buttonwood Lane) Tradewinds Affordable Housing T~~~ Page 12 of30 Request and Background Information REQUEST: 1. Applicant: The applicant is The Heritage Companies and MRT of the Florida Keys. Donald L. Craig, AICP, of The Craig Company is the agent representing The Heritage Companies and MRT of the Florida Keys. 2. Proposed use & size: The Heritage Companies and MRT of the Florida Keys propose to build 122 units of affordable housing. The units will be housed in 4 buildings. Of the 122 units, 38 will be three bedroom units, 72 will be two bedroom and 12 will be one bedroom. The development will also include a 3,000 square-foot clubhouse, a swimming pool, a basketball court, a playground and picnic area. 3. Location: The property is located on Lots 1 through 14, inclusive, Block 4, Industrial Acres; and Tract "E" Trade Winds, Key Largo, Monroe County, Florida. The property is located at approximately mile marker 101.5 and the RE numbers are 00455550, 00455560, 00455570, 00455580, 00455590, 00455600, 00455610, 00455620, 00455630, 00455640, 00455650, 00455660,00455670, 00455680; 454611-0005, 454611-0006, 454611-0007, 454611-0008, 454611-0009,454611-001,454611-0011. 4. Plans Provided: Field Surveys prepared by David S. Massey, Professional Land Surveyor on February 4, 1999 and January 22, 1997. Site plan, elevation drawings, and floor plans prepared by Bender & Associates Architects on, December 17,1999. Landscape plan prepared by The Craig Company on December 22,1999. Drainage plans prepared by Allen Perez, PDE Engineering on December 27, 1999. Tradewinds Affordable Housing TtL~ ~ Page 13 of 30 BACKGROUND INFORMATION: 1. Land Use District: Urban Residential (UR) and Native Area (NA) 2. Future Land Use Map Designation: Residential High (RH) and Residential Conservation (RC) 2. Size of Site: The total acreage of the site is approximately 11.55 acres. Part of Tract E is 1.2 acres and the remaining part of Tract E is 5.11 acres (222,591.6 square feet). Lots 1-14 total 3.53 acres (153,657 square feet). Troupe Road and Buttonwood Lane comprise the remainder of the site at 1.71 acres. 3. Existing Vegetation: This site contains the following habitats: disturbed, disturbed with hammock, low and moderate-quality high hammock, moderate and high-quality low hammock, saltmarsh buttonwood, and mangroves. The delineation between high hammock and low hammock is marked by the five-foot elevation line. Significant trees are mapped on the HEls and vegetation surveys for this site. A detailed list of vegetation is provided in the HEls and vegetation surveys, attached in the appendix section of this application. 4. Community Character of the Immediate Vicinity: The community character of the immediate area can be best described as mixed, and includes undeveloped land, single-family homes, a campground and marina, and a shopping center. The properties immediately adjacent to this site are as follows: undeveloped tropical hardwood hammock on the north side of Samson Road, an R V park (Key Largo Kampground and Marina) to the east, single family homes and undeveloped land to the south; and the Tradewinds Shopping Center to the west and north. The site is adjacent to the Tradewinds Shopping Center and Friendship Park. Tradewinds Affordable Housing T~~~ Page 14 of30 Consistency Statements Standards Applicable to All Conditional Uses: The proposed Tradewinds Affordable Housing is required to be consistent with all applicable portions of the Land Development Regulations and the Comprehensive Plan. These regulations require all minor conditional uses to be consistent with Sections 9.5-65 and 9.5-68. The following narrative and references to the attached site plans or illustrations indicate how the proposed development meets these requirements. Section 9.5-65(a) "The conditional use is consistent with the purposes, goals, objective and standards of the plan and this chapter." 1. Compliance with Chapter 9.5, Monroe County Land Development Regulations: a. PUl:pose of the Urban Residential (UR) and Native Area (NA) Land Use Districts. Sections 9.5-201. 204 and 210 Section 9.5-201 of the Monroe County Code states that "All development within each land use district shall be consistent with the purposes stated for that land use district. " Section 9.5-204 states that the purpose of the Urban Residential land use district is "to provide areas appropriate for high-intensity residential uses designed and intended for occupancy by persons gainfully employed in the Florida Keys. " Section 9.5-210 states that the purpose of the Native Area land use district is "to establish areas that are undisturbed with the exception of existing solid waste facilities, and because their sensitive environmental character should be preserved in their natural state. " Applicant's Response: The proposed development is 122 units of affordable housing. The development is high-intensity residential use and will provide housing for people employed in the Florida Keys. The housing units will be located in the UR land use district; the NA portion of the property will remain undeveloped. The proposed affordable housing is consistent with Sections 9.5-201, 204 and 210. Tradewinds Affordable Housing T~~~ Page 15 of30 b. Permitted Uses. Section 9.5-233(b)(1) Attached residential dwelling units are permitted as minor conditional uses provided that: (a) sufficient common areas for recreation are provided to serve the number of dwelling units proposed to be developed; (b) all entryways are designed and lighted to allow safe and secure access to all structures from walks and parking areas; and (c) access to U.S. 1 is by way of(i) an existing curb cut, (ii) a signalized intersection, or (iii) 4 curb cut that is separated from any other curb cut on the same side of U.S. 1 by at least four hundred (400) feet. Applicant's Response: Common areas for recreational use include the proposed club house, swimming pool, basketball court, play ground and picnic area. In addition, the site is located adjacent to Friendship Park. The development will contain lighting such that all entryways are designed and lighted to allow safe and secure access to all structures from walks and parking areas. Access to the site will be from Samson Road, Buttonwood Lane and Tradewinds Shopping Center, all of which have existing access onto U.S. 1. The proposed development is consistent with Section 9.5-141. Tradewinds Affordable Housing Tit ~ ~ Page 16 of30 c. Density/Intensity. Section 9.5- 266 Affordable housing units may be developed on parcels of land classified as Urban Residential (UR) at an intensity up to a maximum net density of twenty-five dwelling units per acre without regard to the transferable development rights (TDR) requirements which may be imposed by these regulations. Applicant's Response: The chart below shows the density allowed for each part of the site. A total of 123 units are allowed for the entire site; therefore, the proposed 122-unit development is consistent with Section 9.5-266. Size OSR Buildable Area Max Net Units 1.2 acre section (of E) 1.2 60% 0.72 25 12 Tract E (-1.2 ac.) 5.11 40 (per D.O.) All of Troupe Road 1.34 40% 0.8 25 20 Half of Buttonwood 0.37 40% 0.22 25 5.5 Subtotal 8.02 77.5 Lots 1-14: Moderate quality 0.52 60% 0.21 25 5.25 Low quality 0.22 40% 0.13 25 3.25 Disturbed Hammock 1.04 40% 0.62 25 15.5 Disturbed 1.07 20% 0.86 25 21.5 Mangrove 0.68 100% 0 0 0 Total Lots 1-14 3.53 45.5 TOTAL 11.55 123 d. Open Space and Environmental Criteria. Section 9.5-343 (Comp Policy 205.2.6) The purpose of this section is to provide for open space to ensure the continued existence of natural wildlife habitat and to provide open green areas for the movement, aesthetics, and safety of the human population utilizing the development. No land shall be developed, used or occupied such that the amount of open space on the parcel proposed for development is less that the open space ratios listed for each habitat. Tradewinds Affordable Housing 1~~~ Page 17 of 30 Applicant's Response: Tract E contains the following habitat types: disturbed, medium quality high and low hammock, high quality low hammock, saltmarsh buttonwood, and mangrove. The open space provided for this section is 65% excluding wetlands, and 71 % including wetlands. Lots 1-14 contain the following habitat types: disturbed, medium quality high and low hammock, saltmarsh buttonwood, and mangrove. The open space provided is 45% excluding wetlands, and 56% including wetlands. The overall open space provided for the entire site is 64%. The proposed development is consistent with Section 9.5-343. e. Minimum Yards and Shoreline Setback. Section 9.5-281 and 9.5-286 The minimum yard requirements for attached residential in the Urban Residential district are as follows: a front yard setback of15 feet, a rear yard setback of 10 feet, and side yard setbacks such that one side yard must be 10 feet and the combined total of both side yards is 15 feet. All development shall be set back fifty (50) feet from unaltered shorelines. Applicant's Response: The proposed buildings meets the minimum yard requirements as shown on the attached site plan. The proposed development is consistent with Sections 9.5-281 and 9.5-286. f. Height. Section 9.5-283 No structure or building shall be developed that exceeds a maximum height of thirty-five feet. Applicant's Response: The elevation at the crown of Samson Road is 6.5 feet. The height of all proposed building is 35', and therefore is consistent with Section 9.5-283. g. Scenic Corridors and Bufferyards. Section 9.5-375-381 (Street Trees 9.5-366) Section 9.5-376(b). All other development of land, which fronts on U.S. 1, 905 or 904, shall provide a major street buffer in accordance with section 9.5-378. All street fronts not required to provide a scenic corridor or bufferyards in accordance with sections 9.5- 362-364. District boundary bufferyards are required. Tradewinds Affordable Housing Tk~~ Page 18 of30 Pursuant to Section 9.5-377 the following bufferyards are required. On lots 4-14 of Industrial Acres a Class C bufferyard, at least 10 feet wide, is required along the UR to UC (Urban Commercial) north property line. The UR to URM (Urban Residential Mobile Home) land use district zoning change along the south property line requires a Class C bufferyard at least 10 feet wide. The UR to NA zoning change along the property line between lots 3 and 4 requires a Class A bufferyard at le.ast 5 feet wide. The UR to SC (Suburban Commercial) zoning change along the west property line requires a Class C bufferyard at least 10feet wide. The Tract E portion of this project will require a Class C bufferyard, at least 10 feet wide, along the UR to UC district zoning change on the west property line. The portion of the east property line that abuts RV zoning will require a Class D bufferyard at least 20 feet wide. Sunset Road requires a total of four (4) native canopy street trees, at 1 per 100 feet of road frontage. Applicant's Response: Bufferyards are provided as required, and are indicated on the attached site and landscape plans. In most cases, however, the native plants will remain in place so as to cause the least disturbance possible to the site. All exotic plants will be removed and native plants will be put in place as needed. The proposed development is consistent with Section 9.5-375-381. h. Parking and Loading Standards. Section 9.5-351-354 The parking requirements for multifamily are 1.5 spaces per unit. The total number of units is 122; therefore 183 spaces are required. Four (4) handicap spaces are required per 101 parking spaces, plus one (1) additional handicap space for every 50 spaces over 100. No loading spaces are required for residential uses. Applicant's Response: A total of 251 parking spaces are provided, including 8 handicap spaces. The 244 spaces provides 2.0 parking spaces for each unit, plus 7 additional spaces provided adjacent to the clubhouse and pool area. All handicap spaces will have signs which state the fine imposed for illegal parking. 1. Parking Lot Landscaping. Section 9.5-361-362 Tradewinds Affordable Housing Tit ~ ~ Page 19 of30 All off-street parking areas containing more than six (6) spaces shall be landscaped in accordance with the standards set out in section 9.5-362. Urban Residential land use districts require a Landscape Standard "C", which includes 430 square feet of planting area including 2 canopy trees and 5 shrubs per 24 parking spaces. Applicant's Response: The required parking lot landscaping fpr 251 spaces is as follows: 4,498 square feet of planting area, 22 canopy trees and 54 shrubs. Landscaping is provided as shown on the attached Landscape Plan. The proposed development is consistent with Section 9.5-361-362. J. Surface Water Management. Section 9.5-293 Applicant's Response: All surface water will managed on site as shown in the attached drainage plan, which is consistent with Section 9.5-293. k. Wastewater Treatment Criteria. Section ~.5-294 Applicant's Response: All wastewater will be treated via a new sewage treatment plant for this site located in the northeastern comer adjacent to Samson Road, and is consistent with Section 9.5-294. 1. Flood Plain Management Criteria. Section 9.5-317 New construction or cumulative substantial improvements of any commercial, industrial or non-residential structures within zones Al-30, AE and AH on the community's flood insurance rating map (FIRM) shall have the lowest floor elevated to or above the base flood level. Applicant's Response: The property is located in flood zone "AE" with an elevation of eight (8) feet (FIRM panel #1006 G). The proposed elevations are shown on the attached drawings and are consistent with Section 9.5-317. m. Environmental Performance Standard. Section 9.5-335 Applicant's Response: Habitat Evaluation Indices (HEI) were completed for all of Tract E and Lots 3,4,5,8 and 9 of Industrial Acres as required by County Biologist Sandra Lee. A Vegetation Survey was completed for Lots 1-14 of Industrial Acres. These analyses were completed by Susan Sprunt of Environmental Consulting Systems and are contained Tradewinds Affordable Housing Ttt~ ~ Page 20 of 30 in the appendix section of this application. The proposed development is consistent with Section 9.5-335. n. Transplantation Plan. Section 9.5-344 Applicant's Response: Transplantation plans are provided in the Habitat Evaluation Indices completed by Susan Sprunt. o. Energy and Conservation Standards. Section 9.5-326 Applicant's Response: The proposed development provide for energy conservation in the following ways: (1) provision of bicycle racks, (2) installation of native plants that reduce requirements for water and maintenance, and (3) provision for structural shading using roof overhangs. The proposed development is consistent with Section 9.5-326. p. Outdoor Lighting. Section 9.5-391-393 . All outdoor lighting shall be designed, located and mounted at heights no greater than: (a) eighteen feet above grade for non-cutoff lights and (b) thirty-five feet above grade for cutoff lights. All outdoor lighting shall be designed and located such that the maximum illumination measured in footcandles at the property line shall not exceed 0.3 footcandle for non-cutoff lights and 1.5 footcandles for cutoff lights. Applicant's Response: All site lighting will be designed so as not to exceed the requirements of this section. q. Access Standards. Section 9.5-421 No structure or land shall be developed, used or occupied unless direct access to US 1 or County Road 905 is by way of a curb cut that is spaces at least four hundred (400) feet from any other curb cut that meets the access standards of the Florida Department of Transportation or an existing street on the same side of US 1 or County Road 905. Applicant's Response: Access to the proposed affordable housing development is from three locations: Sansom Road, Buttonwood Land and Tradewinds Shopping Center, all of which have existing access onto US 1. The proposed development is consistent with Section 9.5-141. Tradewinds Affordable Housing Tk~~ Page 21 of30 r. Traffic Study. Section 9.5-426 Any development generating more than 500 trips per day shall submit a report from a licensed traffic engineer indicated that the configuration of the access to US 1 or County Road 905 will maintain a safe traffic flow, or provide a design for a new configuration to be constructed by the developer. In addition, the development shall conduct a sturdy of traffic flows within one (1) mile of their access to US 1 or County Road 905. The study shall make recommendations regarding improvements required to maintain an annual average level of service D within six (6) miles. Applicant's Response: A Level 3 Traffic Impact Report has been completed by Miller Consulting and is included in the appendix section of this application. The proposed development is consistent with Section 9.5-426. s. Clear Site Triangles. Section 9.5-427 All entrance drives and street intersections shall provide clear site triangles in both directions as indicated in this section. Applicant's Response: Clear site triangles are shown on the attached site plan, which are consistent with Section 9.5-427. t. Handicap Accessibility. Chapter 533. F.S. Applicant's Response: All buildings are handicap accessible via elevators. The club house is accessible by a ramp. 2. Consistency with the Goals, Objectives and Policies of the Year 2010 Comprehensive Plan: The proposed development is consistent with the goals, objectives and policies set forth in Chapter 3 of the Comprehensive Plan. The following objectives and policies apply to the proposed development. Tradewinds Affordable Housing 1~~~ Page 22 of30 3.1 Future Land Use Objective 101.4 Monroe County shall regulate future development to maintain the character of the community and to protect the natural resources by providing for the compatible distribution of land uses consistent with the designations shown on the Future Land Use Map. Applicant's Response: The community character of the area is best described as mixed, and includes undeveloped land, single-family homes, a campground and marina, and a shopping center. The proposed development will provide affordable housing adjacent to the Tradewinds Shopping Center and Friendship Park. Natural resources on site will be protected due to the fact that the native area zoned portion of the property which contains wetlands and federally protected mangroves will remain undeveloped. All invasive exotic species will be replaced with native plants, and any native plants removed during construction will be replaced as required. The proposed development is consistent with the Comprehensive Plan. Policy 101.4.5 The principal purpose of the Residential High land use category is to provide for high density single-family, multi-family, and institutional residential development, including homes and manufactured housing, located near employment centers. Applicant's Response: The proposed development is consistent with the Comprehensive Plan because it will provide high density multi-family residential development that is located near employment centers. The proposed development is adjacent to the Tradewinds Shopping Center. Objective 101.9 Monroe County shall provide for drainage and stormwater management so as to protect real and personal property and to protect and improve water quality. Applicant's Response: The proposed development is consistent with the Comprehensive Plan as shown on the attached drainage and stormwater management plan, so as to protect water quality. Tradewinds Affordable Housing Tk~~ Page 23 of 30 3.3 Traffic Circulation Goal 301 To provide a safe, convenient, efficient, and environmentally-compatible motorized and non-motorized transportation system for the movement of people and goods in Monroe County. Applicant's Response: Access to the site will be from three locations: Samson Road, Buttonwood Lane, and Tradewinds Shopping Center, all of which have existing access onto US Highway 1. The location of the housing adjacent to the Shopping Center and Friendship Park will help to reduce the number of vehicle trips. 3.6 Housing Goal 601 Monroe County shall adopt programs and policies to facilitate access by all current and future residents to adequate and affordable housing that is safe, decent, and structurally sound, and that meets the needs of the population based on type, tenure characteristics, unit size and individual preferences. Applicant's Response: The proposed affordable housing units will provide needed affordable housing, in a mixture of one, two and three-bedroom units that meet the needs of low and very-low income individuals and families in Monroe County. 3.7 Potable Water Goal 701 Monroe County shall support FKAA in the fulfillment of their statutory obligation and authority to provide for a safe, high quality and adequate supply, treatment, distribution, and conservation of potable water to meet the needs of present and future residents. Applicant's Response: The Florida Keys Aqueduct Authority's existing consumptive use permit authorizes the withdrawal of sufficient quantities to meet the demand anticipated for 1999. Tradewinds Affordable Housing Tit ~ ~ Page 24 of 30 3.8 Solid Waste Goal 801 Monroe County shall provide for the adequate collection, disposal and resource recovery of solid waste in an environmentally sound and economically feasible manner to meet the needs of present and future County residents. Applicant's Response: The existing solid waste haul-out contract provides the county with approximately eight years of guaranteed capacity. 3.9 Sanitary Sewer Goal 901 Monroe County shall provide for the adequate, economically sound collection, treatment, and disposal of sewage which meets the needs of the present and future residents while ensuring the protection of public health, and the maintenance and protection of ground, nearshore, and offshore water quality. Applicant's Response: A new sewage treatment plan for this site will provide proper sewage disposal to ensure the protection of public health and the environment. 3.10 Drainage Goal 1001 Monroe County shall provide a stormwater management system which protects real and personal properties, and which promotes and protects ground and nearshore water quality. Applicant's Response: The proposed development will provide a stormwater management system as shown on the attached drainage plans, so as to protect water quality. Tradewinds Affordable Housing Th~~ Page 25 of 30 Section 9.5-65 (b) "The conditional use is consistent with the community character of the immediate vicinity of the parcel proposed for development." Applicant's Response: The community character of the immediate area can be best described as mixed, and includes undeveloped land, single-family homes, a campground and marina, and a shopping center. The properties immediately adjacent to this site are as follows: undeveloped tropical hardwood hammock on the north side of Samson Road, an RV park (Key Largo Kampground and Marina) to the east, single family homes and undeveloped land to the south; and the Tradewinds Shopping Center to the west and north. The site is adjacent to the Tradewinds Shopping Center and Friendship Park. The proposed commercial use is consistent with the community character of the area. Section 9.5-65 (c) "The design of the proposed development minimizes adverse effects, including visual impacts, or the proposed use on adjacent properties. " Applicant's Response: The proposed affordable housing units will be developed so as to retain existing native plants as buffers for adjacent properties, thereby minimizing the visual impacts of the proposed development. Section 9.5-65 (d) "The proposed use will have an adverse effect on the value of the surrounding properties." Applicant's Response: The proposed use will not have an adverse effect on the value of surrounding properties. The provision of affordable housing will benefit the shopping center by creating nearby housing for employees. Section 9.5-65 (e) "The adequacy of public facilities and services, including but not limited to roadways, park facilities, police and fire protection, hospital and Medicare services, disaster preparedness program, drainage systems, refuse disposal, water and sewers, judged according to standards from and specifically modified by the public facilities capital improvements adopted in the annual report required by this chapter." Applicant's Response: According to the traffic analysis, US 1 has adequate capacity to accommodate the traffic generated by the proposed development and will not have an adverse Tradewinds Affordable Housing Tk~~ Page 26 of 30 effect on the operating characteristics of US 1. All intersections analyzed will continue to operate at an acceptable level of service. Section 9.5-65 (I) "The applicant for conditional use approval has the financial and technical capacity to complete the development as proposed and has made adequate legal provision to guarantee the provision and development of any open space and other improvements associated with the proposed development." Applicant's Response: The Heritage Companies has developed affordable housing in fourteen different states and continues to manage most of these housing developments. They are familiar with the tax credit program for affordable housing and have developed an affordable housing project in Key West. MRT has developed and constructed many housing units including affordable housing in Key West and the Florida Keys. Section 9.5-65 (e) 'The development will adversely affect a known archaeological, historical or cultural resource. " Applicant's Response: There are no known archaeological, historical or cultural resources on this site. Section 9.5-65 (h) "Public access to public beaches and other waterfront areas is preserved as part of the proposed development." Applicant's Response: The property is not adjacent to any public beaches or waterfront areas, and therefore do not affect public access to any beaches or waterfront areas. Section 9.5-65 (i) "The proposed use complies with all additional standards imposed on it by the particular provision of this chapter authorizing such use and by all other applicable requirements of the Monroe County Code." Applicant's Response: The proposed affordable housing development complies with all standards per the Monroe County Code. Tradewinds Affordable Housing Ttt~~ Page 27 of 30 Construction Management & Phasing Plan Licensed Monroe County contractors will conduct all work, with direct supervision and project management by The Heritage Companies and MRT of the Florida Keys. Local contractors will be used, whenever possible, as to limit the amount of additional traffic and to support the local economy. Phasin~ Schedule The construction of the affordable housing units will proceed as follows: 1. Native areas will be flagged by a biologist and protected from construction with fencing. 2. The site will be cleared, with the exception of native areas to be left in place. 3. Temporary erosion control devices will be put in place on site. 4. Temporary signage will be placed on site for the public safety and notification. 5. Construction debris containers will be located on site. 6. Recycling containers will be located on site. 7. The construction of the buildings will be completed in one phase. 8. Complete drainage and landscape. Waste Generation (I) Construction Disposal and Recycling Plan Construction and Clearing Debris The project site is currently undeveloped. Substantial clearing will be required for the removal of native vegetation and the construction of the buildings. Any trees or shrubs to be transplanted will be added to landscape areas on site. All other clearing debris will be mulched on site. All construction debris will be removed via commercial dumpsters rented from a local company to be named later. Recycling of Clearing and Construction Debris Clearing debris will be mulched on site. Any construction debris may be removed from the site and stored for other jobs by the contractor. Method and location of disposal See B above. (II) Recycling Plan a. Source Separation All recyclable containers, glass, aluminum and cardboard will be separated either within the building or at the outdoor recycling area. From there the materials will be removed to local recycling containers provided by the locally contracted company serving Key Largo. Tradewinds Affordable Housing Tll ~ ~ Page 28 of 30 b. Site Plan Location. Please see attached site plan. c. Quantities. Please see table below. In summary, the total annual recyclable waste created is 68,108Ibs. The total annual yard waste is estimated at 6,500 lbs. (III) Disposal Plan a. Quantities. Please see Recycling Plan below. b. At present, there is not a capacity problem at the Upper Keys Disposal Site, as all waste in the County is incinerated and the ashes are removed from the County to a remote location on the mainland. RecycIine Plan Waste Generation According to Monroe County Recycling Assistant Director Mike Lawn, a 20 unit multi-family housing development will generate two-yard dumpsters twice a week. A dumpster holds 142 lbs per cubic yard. A 20-unit development generates 568 lbs of waste per week. Therefore, this 122-unit development will generate 3,465 lbs of waste per week, and a total of 180,180 lbs per year. Use Size Multi-family Week 3,465 lbs 122 units Quantity By Composition Item Percentage Paper Cardboard Plastic Metals Other Week 1,2131bs 347 lbs 277lbs 35lbs 554 lbs 35% 10% 8% 1% 16% Yard Waste Estimated @ 6,500 lbs per year Total Year 180,1801bs Quantity Year 63,063 lbs 18,0181bs 14,4141bs 1,802 lbs 28,829 lbs RecycIables Assume that 70% of all paper, cardboard, plastic and metals can be recycled. The total recyc1ables expected are: weekly - 1,310 lbs and annually - 68,108 lbs. Tradewinds Affordable Housing Tk~~ Page 29 of 30 Tradewinds Affordable Housing. Recycling Plan Assumptions Density Conversion Figures Use these approximate conversion figures to convert weight to volume: News 500 Ibslcu.yd. Mixed Glass & Cans 330Ibs/cu.yd. Glass 600 Ibslcu.yd. (2:1 Ratio) Steel Cans 160 Ibslcu.yd. OCC Uncompacted 250Ibslcu.yd. Aluminum Cans 60 Ibslcu.yd. OCC Compacted 400-600 Ibslcu.yd. Pet Bottles 30Ibslcu.yd. White Ledger Flat 3oo-450Ibslcu.yd. HDPK Bottles 25Ibslcu.yd. Crumpled Ledger 110-200 Ibslcu.yd. Weekly Waste Generation By Occupied Square Foot Waste Product in Pounds Per Generator Segment Office Industrial Transportation, Communication & Utilities Retail WholesalelWarehouse & Distribution (WW A) Public & Institutional (Public) Occupied Sq.Ft Per Week 0.05 0.06 Per Year 2.6 3.12 0.10 0.22 5.2 11.44 0.06 0.04 3.12 2.08 Generator Office Industrial Transport, Communication & Utilities 20% Retail 35% WholesaleIWarehouse & Distribution (WW A) Public Commercial Waste Quantity and Composition ~ Cardboard ~ ~ 65% 15% 6% 2% 35% 20% 25% 6% ~ 12% 14% 15% 40% 15% 8% 5% 1% 45% 16% 25% 45% 32% 10% 25% 5% 7% 6% 11% 34% *Source: Tables from Westchester County's Solid Waste Management Plan, August 1989 Tradewinds Affordable Housing T~~~ Page 30 of30