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Item C4b LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: May 17, 2001 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to add property to the Acquisition List - Mandalay subdivision. Item Background: This addition to the Acquisition List is proposed to provide land for the development of affordable housing (rental) in partnership with the Monroe County Housing Authority. The subject property consists of a 0.72 acre parcel in Mandalay subdivision on Key Largo and is currently developed with one duplex. The property is zoned Urban Residential (UR) and designated Residential High (RH) on the Future Land Use Map. Based on this zoning, the site can be developed with up to 14 units (12 additional units) of affordable housing as-of-right. Using 12 of the 50 ROGO allocations the County Commission previously reserved for the Housing Authority's scattered site program, the Housing Authority proposes to develop the site with twelve additional units clustered in groups of three or four attached dwellings. If the County regulations allow, this affordable housing would be reserved for the elderly. The addition of property to the Acquisition List is a preliminary, non-binding step indicating the Board's desire to pursue acquisition. Further Board action is required before the Land Authority could purchase the subject property. Advisory Committee Action: On February 26, 2001 the Advisory Committee voted 4/0 to approve this item. Previous Governing Board Action: None. Contract/Agreement Changes: NIA Staff Recommendation: Approval Total Cost: $ to be determined Budgeted: Yes No Cost to Land Authority: $ to be determined Approved By: Attorney ~ OMB/Purchasing MlO~Ch Risk Management Executive Director Approval: Documentation: Included: To Follow: X Not Required: Disposition: Agenda Item LA #4b ", ~ ..~ ROCK HARBOR / / / / / / / / / / / / / 1 1 1 1 1 1 1 1 ,I Mile Marker 97.8 Island Key Largo Property Robillard Property