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N. Housing Authority ~. r BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: March 21,2007 Division: Monroe County Housing Authority Bulk Item: Yes X No Department: SHIP PROGRAM AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE WRITE OFF OF A $13,750.00 SHIP SECOND MORTGAGE. ITEM BACKGROUND: The purpose of this Resolution is to write off a SHIP Second Mortgage in the amount of $13,750 dated March 29, 1996. SHIP's position was not protected since there was not sufficient equity to allow for recovery. PREVIOUS RELEVANT BOCC ACTION: None. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval TOTAL COST: $-0- BUDGETED: Yes No COST TO COUNTY: $-0- SOURCE OF FUNDS: N/A REVENUE PRODUCING: Yes No _X_ AMOUNT PER: Month Year APPROVED BY: OMB/Purchasing _ Risk Management_ APPROVED BY: e Castillo, Sr., Executive Director uroe County Housing Authority DOCillvlliNT A TION: Included To Follow Not Required_ DISPOSITION: AGENDA ITEM # .p " RESOLUTION NO. 2007 A RESOLUTION OF TIlE BOARD OF COUNTY COJ\1MISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE WRITE-OFF OF A $13,750.00 SHIP SECOND MORTGAGE. WHEREAS, the Monroe County SHIP Program closed a SHIP Second Mortgage in the amount of $13,750.00 on 3/29/96, secured by the property located at 804 Oakland Ave., Key Largo, Florida; and WHEREAS, the First Mortgagee (Nationwide Mortgage Corporation), filed a foreclosure action in 1998; and WHEREAS, the SHIP Mortgage posItton was not protected Slllce there was not sufficient equity to allow for a recovery; and WHEREAS, the First Mortgagee took title to the property on June 25, 1999. NOWTHEREFORE, BE IT RESOLVED, by the Board of County Commissioners of Monroe County, Florida that the County hereby: Authorizes the write-off of a SHIP Second Mortgage Loan in the amount of $13, 750~ 00 fonnerly secured by the property located at 804 Oakland Ave., Key Largo, Florida. PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the 21st day of March, A.D., 2007. BOARD OF COUNTY CO:MMISSIONERS OF MONROE COUNTY, FLORIDA By: Mayor Mario Di Gennaro Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy Commissioner Murphy Commissioner Nugent SEAL: ArrEST: Approved as to lc6l'1~c~: ~ Date l-1J$~? ~ I " IN THE CIRCUIT COUkJl. OF HIE l~;n-I mDICIAL CIRCUIT. IN AND FOR MONROE COUNTY, F1..0R.][)A GENERAL JURISDICTION DIVISION CASE NO: 9S.-20681.CA-09 ...........~~.......~........... FIRST NATIONWIDE MORTGAGE COJ!tPORATION PLA,INTTIT MONEGE COUrUTY OFFICIAL RECORDS -) .- 7 FILE 1}:JL:1..3:l....<_::J< , :3 BK# 1 5 S. 3 PGfi: ]., <2> -; (SE.AL) -~ iE; t-.:l 2:: 2:; ;:J:} ......,- e;) r ~.. f"l1::x: -,'. ('"). r-- Cr). C::;ii" :"'_ z. ".., ".. ~:;J -.{ n [:.;~ ::r :-'l1 ~'-i:':: =: ,:-) The und.emignedl Clerk of ' the Court, certifies that thl~ Notice of Pubiic Sale (l,fthe Pl-op~i<J.tj~~n t.ii >- l~l'r _ '10' Order of Final Judlgment was fllJlblislu:d1 in the TIlE KEY WEST CITIZEN. a Ne3!S Jer circulated ~, ~~R~~~~O j:J County,lFIorida, in the manner shown by the proof ofplllbliCaliOIl attmched. and on ' t.4.,L..Lap.4-L~t 7 I . the property W~1S offc~d for public sale to the highest ~md be5t biddeJ: Ii :ash. The highest and bes.t bid reoeived for th4~ property was FIRST NA TIONWlfDE MORTGAGE CORPORA nON to whomlbe pmperty was sold. 'The proceeds, oftbe sale are retained for distribution ill ~fi~'ce with the O~ ofFiJIlal Judgment. WITNESS my hand ..d lb. """ ,fthls Cowt 21!~~9 ;f,l",'l_ '.Y~l~GE ~~ .~, " ~l ~'~~!~1urt 'i+,;.ti'! ':~~L , . Deputy Clerk VS. DARRELL L. ROACH A1K1A DARREL lL._ ROACH IF LIVING, AND H: DEAD, THE illOCN"OWN SPOUSE, l-illIRS, DEVISEES. GRANTEES, ASSIGNf'zS, LIENORJS, CREDITORS, TRUSn:ES AND ALL OTHER PARTIES CLAUMlNG AN DfIEJRESTBY, TIlltOUGH. UNDER OR AGJLThJST DMmBJUL L. ROACH A/KIA DARREL L. ROACH; UNKNOWN SPOUSE OF DARREll. L, ROACH A!KIA DARREll. L. ROACH, n~ ANY; MONROE com, Fl.ORIDA; ELIZABETH L BOOMGAAIlJD; JOHN DOlE AND JANE DOE AS UNKNOWN TENANTS IN POSSESSION .......~~................. ReD Jun 25 1999 11:22AM DANNY L KOLHAGE, CLERK !:EUU~l[f:...QI-S.4u..E \.0 1] V) i-- c-_ .,...., c:: 2: ':d N ""'T1 CJ1 0 :;:Q ().~~ - BY THE CLERK OF ~'HE COURT .: NClJ;iaE-f"s1lEREBY <:MV.fN thalli*, ',j'. ~~:ffl:~h: ~:~~,t":;~;~1 jll.";' _ .., Counljr, Florklil, win, on lhot2stlHlay,,;) IK E)QWI~S I oi..Jlttlo!.... '999 C1t,;11~o.,a.;r(l:i~\.!~~ rJ ; ':TlLm' ~ u 11.~ front ateps 01 'the CQ~rthOU'38~ "1I;J~:t . ' ! ~ I ~ roe Counl1f; 10 the CIl)'cd ~'~Ieid...~ ' ... '. .J" J Floridal~ -offer 1or~lal8~~md. sell.~1i1lr'lt---- - ....------- ....- ---------------- pl.lbllcQlJtaYtclttlll'h1ghf;sfbli~llior~"l:'e Key Wenit' Ft. 3~104(]1 Office' 30!S..294-664:1. Fa), ~~05-:2.9.1l~(JI768 cash.1b!l followll~I'de$clIlled pt'Op4~r~~ ty ;~ilu.aled In MClIllOl~. coUntir!~ Fm.- . da: ,s.'" ~-".-- -\" . - . L~TsUI ANI) n';' BLoc'k'i &M1.~'1 . GI;) m-I.ANIO~. ACCOFWII'fG T.t~~ OITHER PLAT THElRIBJF'AS Il:E':'~~ C:cIRIlIE!) IN THE JI'l.AT BOOK olJ J ; t AT Plll3E 89 'OF THE PUBLtcRE~.;f~ CClFICIS OF IIIONROE C?'l'~;AriJ 'LORI'[~A '. FlORIDA ~ '.lr :....,,:;,lblil;!"<...:!i' . , PWSl.IllI1t 110 the FlI\lALJUDGMI~':'1!m MlOl"lrDOE OF FOFIECLOSURE. ml8fed '111 Ii ':. . ':'..' , ' I L'\.: c:lWe ~I/tndlng .Is said Court; 1hd ~;~ 'gllc~ authority personally appeamd Randy G. Erickson ~ who on oath says that '01 which Is: - ..,,';,,:...-,"...v',., "w.'-:"""~'~{,l"'''~. . . . . " '" . fIFI&T ~UlTioNWa:iE: iil4Jm1iAGi~:. ,:;::; e AdvertlsIng Dep.utment of the Key West ClltIZetl, a daiily tlieVfflpapc:r pubhshe:d C(lIRPCIRATJO.1 ;~:~ ~,' ,: ~;~~:;v .~> .... 'j r onroe County Florida; that tbe attached copy I:)f advertisement~ being ~~ legal ~~:ReU.:L. ROjU:J..;.Ef.i~:ii.;~~~~:r of ~. " ~~~'- , .' ~' of L ' ;1 anc:l Ihe .:IoCkGt ~Mt::~: ~Jt1k~;hr J6d...f. ~v ~ :....__ li...tO'Uo(.~ ( U:1l~V ._Ll~u .e2' 9&~11 CA-OO'!f :,'!'.~l?"';4~'~'::~~~ /J e. ~'- ' _ '1l\i 01 -OfJ' cr"" "'=1 wrrNl=ss my tlaiid.lIl'ld,i:il'l'ic:W lIBI!d, 1-<!iil",..l ::..:L..___ OC-ldoll!4l- _ _ of tlBk1 Court tl11ir.}~t';.~ ~, ~. '"; ~___ Court, WjlS published in said newsp~~pe:r in the issuc~ of 199$1. . "',, ......v.I:. ~...":,; d t /fl. u. L Q l~ 9 "'. DANNV: L'!<QU-IAl:IE, ;l - a '_~~I--t _ _ , Clerk ,of .'lIl.I:::IrWit 'Goult. '.; . . Monroe c:t,unJy, f'kllida "~,.<\rWy ~llfMI'~!Vs that TIle Key West Citizlell is a newspaper published ill Key W~ in said JUrMI ~Olh 3. 1,~i;':~;f.~: ~~~, Florida, an~ that the said newspaper has hereltofore been continw>IJSly published .- ........<.t.,:.nvlU01;;-.G-ounty. Flonda ~~ach day (except S!~turdllY!l) IUld has been ~~red as second-class mail mattler at thl~ pas,t office in Key West. iin said lV!om"oo County, Florida" fur II periiodl of 1 YC~1f next preceding the first ]publication of the: attacbed copy of advertisement~ ~uKl affiant further ~~ys that he has neither p.aidl :nor promis.ed any pen:on, firm or corporation my d.i~KXSunt, rcbute, commission or refund for tine purp()S(~ of securing this adverti:sc~ment for publication in the said newspOiper. Il1-~ _ ~ Sngnature of Affiant " # /l}'{ J Swom and subscribed belhre me Ibid...., ~aY of ( M~_~ 1999. .J~~~~ .uII"'IIlWffIJ". ~~;~ R. Bt;,~~~~~ ~ ~~......... j/:l ~. ~l ,,~..~$S.ION'~~.. \, ;t:.~ 1 1 'r,.(~t iiI': I tiii' s~~i\ ~ i~r: ..... :*~ - . ..~- ?~t, ~ tCC7B258$ : 's~ ~ .....~.~ ..(t"~ ~~!;l,.. .......~"~--ll'....sf$ ~ '..~~17Feil1-ll'4I~~['~~ .I' :-O'bJ8......".~\J~,~ ''''''I 'wl..l!) ST"'\"'~~' . Ij"''''im'\\\\\~ }'!LE: # 1- 1 3 1 2 5 7 BK#:l 5 8 3 PGlI'l (2) "7 4 PubliisillCd Daily KIll}' West, Mounle ,COUllty, Florida J304G MONROE: COUl~TY OFFICIAL RI~CORDS Expims f1L~ J.iJ.3C()~ Persolllally Kno'l1t'I1l_ Prodlllcl~ Identification _____. Type ofIdentification Produced __________ --------------- UNn~ClJilf.'IIDf~~~UR1r OF THE 16111 JUDICIAL C,'IRcuIT, ll-T'XlifD t:OR MONROE COUNTY, FLORIDA C . 8miPRALllmn..~)J,C.J10N DMSION ...1I_.-...._...................1.!~,$Nct '~MIb-l:...A~09 FIRST NAll0itllWIDE MORTGAGE CORPORATION PLAINTIFF ,~.- VS. DARRELL L. ROACH JVK/A DARREL L. ROACH IF LIVIl'-lG, AND IF DEAD, THE UNKNOWN SPOUSE. HJEIRS, DEVISEES, GRAl'mmS, ASSliGNEES, LIENORS. CREDITORS, TRUSTEES MID AU~ 01lffiR. PARTIES CLAIMlNG AN INTEREST BY, lHROUGH, illTI>ER. OR AGA1NST DARRELL L. ROACH AIK/A DARREL L. ROACH; lnfKNOWN SPOUSE OF DARRELL L. ROACH AIK/A DA.RIREL L. ROACH, IF ANY; MONROE (XJ1lJNTY. FLORIDA.; EUZABEllI 1 BOOMGA.....1ID; JOHN DOE AND JANE DOE A.8 ID>lKNOWN TENAoNTS IN POSSESSION, .......-'I_lil'.............. I :.. i~ '~-. 1 ".~~-'..a ~: L:\ MONROI COUNTY OF'ICIlU. 'StICORUIS IILI tl.:ll,261~37 BK#157 e PGtEI.2":! ReD May 2' ltg, 09.f3AM DANNY L KOLIAGH, CLIRK This apl'(:'~ if for reeordWllIIUllJ(IUD only SUMMARY FINAL rurxIMENT IN FORECLOSURE THIS CAUSE having come to be beard 011 Plaintiff's Moticlll fur Summary Finw Judl~nent ~md. Taxation of Attorney Fees ~lllldl O)Sts, and utpon till: Affidnvits filed b'el'ein, and the! Cowt being fully advis,ed in the premis.es, it is hl=r-eby ORDERED: I. Plainti.fJ'li Motion for Swnmall'y Final Judgment ~> GRANTED. 2. There is due to tbe Plaintiff the folllowing: Principal due on thc: note secured by the Mortgage foreclosed herein.: $108,.185.54 Intemst on sairl Note and M011gage 1rom JUNE 1, 199~i to FEBRUARY 1, 1999 Per diem imerest at 25.6] from FEBRUARY 2,19'99 through APRIL 14, 1999 $6,141.52 :SI,81S,31 $330.63 Late Charges Properly Inspections Ad Valclrem Taxes Mortgage Insurance Premiums COSTS: Filing Fee ServiCl~ of Process $76.00 $1,387.79 $135.33 $93.{)O $307.:50 ------------------------------ f/;" i?/~ IMEC;fJ'VED-. I . 1:.'lAT _1-.i._~. .... '/0 I~ :t,,~ fOIl REal'" " ').. rJ- Or ..~.. ______ ~._~r_ .__ ...-......~___ _.~__~_Tr...;..--. ,....... ~............., .'-', - - -" -_...~.. ..- .y<- . .0&'" (f! ~N Irr') IJI ....; \Dc. rim ....r- ,-I .. In 011 \..;; ..:I .' l-l I~: p.. 1:IlJ 10B,IlB5"~)4 + 6,1470'521- hB1B~31 .. 3~)0068 + jr5000 + 1 dB".79 + 135" 33 + 118138'1017 ~ 93000 -+ 30'7050 + 325-00 + 119,,106'"67 Q. 'j, 350. 0(1 + 120,456.67 * . .' .} . I~t. -'-..... Ab!rtracting $325.00 AttJmey's fees based npon9 hours at $I~;O.OO per hour in tlltc amount of: SUE TOtAL $119,106.67 1-(, .JS11. t>o TOTAJL ~~.tJ~ PILm t1 1 261 3 7 BIU]. 5 7 E. PGI; 181 2 -II. 3. A lien is held by Plaintiffwbosc: i!dclr,ess is 5280 CORPORATE DRIVE, FREDERICK, NID 20701 foribe total oftbe Final Judgment S,UIIl ;specified. in the preo~ling pwragrapb~ pltllS inten:st tbemOD_ The aforesaid lien of the Plaintiff is superior in dignity tlO any right, tlltle, interest or chaim of the Defen<llant( s) lmd all persons, firins or cOlpormoDs claUming by, tllrough, or under said IX,fimdmt(s) or any of them ~iIld said property will be sold frec~ and cJe;al l)f all claims of said DefendaJlts unless the United States of America i.s named hl:.rem as u dcrl"endant, said United States of America will be 3C(:(Jrrded ilts right ofrederrtptilJJl pursuantto Title 28 U.S.C. SectiOD 2410 (c), The Hell elrlCumbers the; 1'ollowing described property in MONROE COWlty, Florida, to-wit LOTS 16 AND 17, BlLOCK3. LARGOHI~LANDS,ACCORDINGTOTHEPLATTHEREOF AS RECORDED IN FILA T BOOK 4 AT PAGE 89 OF TIlE. PUBLIC RECORDS OF MONROE COUNTY, FLORIDA ][f the total sum due to th e Plaintiff as set forth in Paragrapb. 2, plus interest thereon at the statuto:ry rate per year from and after this J1udgment and all costs of this proC4~ding incurred subseqwmt to the date of this Judgment are not fcilthwitb paid to Plaintiff, the Clerk. of this Court shaUl sell tbe property de:slcribed in Paragrapl13 in accordance with tbe tenns ofPatagraph 6 hereof, Plaintiff :~hall advance 1he cost of publishing the Noti,Cl' of Sale and the Clerk's fee tor making the sam.e and shall be reimbursed therefore by the Clerk out ofthe proceeds of the S<I~ll~ of the property described in Paragraph 3 if PlaintHf sha.ll not become the prm:hase.1' of said property at the ~ale. The C~fthis Court shay sell the PNlIperty ~~cribed in Paragraph 3 at publi1c sale alll:OO a.m., 011 the J2~day of _,-jtJ..~-, 199._{, to the highest and beslt biddtrrr Of bi,dders tilr cash at AT KEY \VEST COUR'filOOUSE locatl~d at 8~;820 OVERSEAS HIGlHWA Y, in :PLANTAUON KEY, Florida, after having first giv,eJl Jl,olice as I'eql.1ifl~ by Sedion 45,031, FIOlida Statutes. The Clerk shall not (:onduct 1be sale 1IIIlless the Plaintiff or it's mpnffientative is presenlt to bid at tbe s.ale. Any ptlflchaself other than the Plaintiff :shall palY aU servicl~ charges l1S&essed by the Clerk of the CiD.ui'l Court puniuant to Florida Stattrte 28.24 togt:thl,r witth proper documlentary stamps ~o be affixed to the Certificate of Tille. Plaintiff may be the bidder for, i~1'ldl purclulser of, the property desc;rilbed ill Pwragrnph 3. If P[aintiff sh~lll be the purchaser of said! property at the sale, the Clerk shall credi'lllh.e bid of Plaintiff wid], the total sum found to be due to Plaintiff for slUcb portion thereof as may be neces.s,my to pay fullly the bid ofPlninti.:ff, t:xce]pt that the sum mentioned in Paragmph :i of.this Judgment must bt~ paid in casb. If, s1.l1bse'luent to 1he date of Plaintiffs affidavit of ind(lbttmess lmdl prior to the Salle contemplated in paragraph 6 hereof, Plaintiff shall be required to advance any monies to protel:t its mortgage lien, tilteD Plaintiff or its attorneys shall so certifY to the derk of this court, and tbe amOlmt fOlmd due, to Plaintitl' shall be inl;re;ased by the mnmmt {)If !fllch ad"ano~s without further order of the Courl:. UlPon the confirmation ofthe sale o[the above property, whether by lhe clerk filing the Certificate ofSllle herein or by order of the Court: ruling upon objections to the sale, the Defendants, and any and aU persons claiming by, through, and under th,em sill,:e thJe date of the filing oftllte Notice of Lis Pendcms, are fon:ver 4. 5. 6. 7. 8' '. -, 9. barred alld foredosed of and from all ril~t. litle, intel['~:S'~ chlim or demailld of any kind or nntlJ.J:'e whatsoever in and to the property hl~rem deSClilbcd. Upon the filing oftlle: C~mificate of Title, till!! Clerk: !!hall make dis:tribution ofthe proceedll frOlt11: the salle in the following order and in the amc.unts due under ea'~ of tile follc)wing subparagl'apllls: All costs and expell1ses of these proceedings subseqfJ.lmt to the enlry of th,~ Swnnl<lry Final Judgment of FOllUloswre, including the cost of publisbin@; the Notke of Sale and th,~ Clerk's W~ for making the: Slllle, UlIlless Plaintiff, having already paid for thes.e two items of co~t, shall be, the pun:haser at thE: sale, thl= cost oftl1.e State docUlnenmry stamps affixed to ~~l~ Certifk:ate: of ".rrtle based! on the amount bid for the: property, plus dw costs, ifpa:id by purt:haser, The total slim hel'em found tl~ be due to Plaintiff in Paragraph 2, ptl1!1 intere:'lt aEt the sliatutOJr}' rate per yenr after the dalre he,reof. Th'e balao,ce of the proceeds of the sale in excess oftbe amounts paid \wder Pal'i1gt'llLJlbs 9(u) allld 9(b) shall be feltllined by the Clerk of this Court pending further order of this Court. Upoln the filing oftbe Clirtificate ofTit"~, tlm Il'wcb~~r aIt the sale, hislber representatives 0lI" assigns shill be let into posses:sion of the )ll'Op1erty fOlthwidl. The Court retains jurisdiction of lIhis cause and the parties to enter furtbm ont.ers as arcl propelt', including deficil:nc:y judgmoots. If PLaintiff is the purchaser at 1he sale, Plaintiff, ~neir heirs, represe:ntatives, SUC'ctlSSOI'S or 8Ssilgns. shall b~ placed :In immediate pos:!lession ofth.e aJoredlescribed pIlCll1ises. lIt the event the Defendants fail to vacate said premj.S1~i within li 0 days of tllte date of the: foreclosun~ sale as providEd above" the Clerk of th'e Court is directed tel issue, a writ of posseliSion to the Pbwlltiff fOlil~witb and without the neQessity of any fiu1:her ordl~ from this Court for the premisl~ located a:t :~04 OAKWOOD AVENUE, KEY LARGO, FL 33037. The cowt finds that the number ofbours expended and the bowrly lllte charged by Pl:ilintitI's (~(JIunsel as &et forth in Paragraph 2 are reasonable. The Court further fmds lha1t 1helre are no reduction or enhancement factors for consideration by the COUlt pursuant to flWiida Patient'W[(lpensation..&wid..Y.....Jj~I1'''' 472 So. 2d 1145 (Fla. 1985.) a. b. C. w. II. 12. 13. 14. The Mortgage Nclte and MorlEage, attached to Plaintiffs compbllint ar1e hereby nH~tablished. (>>ON1!: a"~ ()RIJII~~D in chambers at PLANTATION KEY, MONROE Counf)', Florida, 1this I!Lday of 1.d1~~t!t.d'rL199 ~'t~., t...~~ ~ ~ ,....,.-~~~~~~ ~~rick De Furia, Circuit J1 ~ 98-3 U135 (FNW) Copies furnished to: LAW OFFICES OF DA VII> J, STEm"" P.A. a,o 1 S. UNIVElRSITY DlUVE, STE SilO PLANTATION, FL 33324 DARRELL JL. JROACH AlKJA DARREL t, ROACH 804 OAKWOOD AVENUE KEY LARGO, FL 33037 1:lI' 'lI1J ~. ..~ .. 1:'" 1-1 .. U1- ...a ",6 p I~ M "CII IJ'I G':ll '"'~ . alllW N ,..., UI MOHlfWE COUNTY, FLORIDA C/O BOARD OF COUN1Y COMMlSSlONER8 500 WHlTEHEAD 8TltEET KEY 'IllEST, FL 33040 P' I LI: I']. J. .2 6 1 :3 7 m(,l. 51 7 lEI PI.[;.1B12 15" JOHN A. JABJIW, ESQ. A TTOF..NJEY FOR ELIZABETll I. BOOMGAARD 90311 OVERSEASIDGHWA.Y, SUllEB TAVERNIER, FL 33070 JrANJE DOE NlK/A SHARON DIEBRICH 1104 OAKWOOD AVENUE ICEYLARGO, FL 33037 KONROII COUlUY 0)" leI AL RIICORID S BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: March 21,2007 Division: Monroe County Housing Authority Bulk Item: Yes X No Department: SHIP PROGRAM AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE WRITE OFF OF A $14,000.00 SHIP SECOND MORTGAGE. ITEM BACKGROUND: The purpose of this amendment is to write off a SHIP Second Mortgage in the amount of $14,000 dated March 15, 1995. SHIP's position was not protected since there was not sufficient equity to allow for recovery. PREVIOUS RELEVANT ROCC ACTION: None, CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval TOTAL COST: $-0- BUDGETED: Yes No COST TO COUNTY: $-0- SOURCE OF FUNDS: N/A REVENUE PRODUCING: Yes No _X_ AMOUNT PER: Month Year APPROVED BY: UMBlPurchasing _ Risk Management ~ APPROVED BY: astillo, Sf., Executive Director nroe County Housing Authority DOCUMENTATION: Included To Follow Not Required_ DISPOSITION: AGENDA ITEM # ,5" RESOLUTION NO. 2007 A RESOLUTION OF THE BOARD OF COUNTY COM:MISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE WRITE-OFF OF A $14,000.00 SHIP SECOND MORTGAGE. WHEREAS, the Monroe County SHIP Program closed a SHlP Second Mortgage in the amount of $14,000.00 on 3/15/95, secured by the property located at 137 Atlantic Ave., Key Largo, Florida; and WHEREAS, the First Mortgagee (Glendale Federal Bank, FS.B.), filed a foreclosure action in 1998; and WHEREAS, the SHIP Mortgage pOSItIOn was not protected Slllce there was not sufficient equity to allow for a recovery; and WHEREAS, the First Mortgagee took title to the property on December 23,1998. NOWTHEREFORE, BE IT RESOLVED, by the Board of County Commissioners of Monroe County, Florida that the County hereby: Authorizes the write-off of a SHIP Second Mortgage Loan in the amount of $14,000,00 fonnerly secured by the property located at 137 Atlantic Ave., Key Largo, Florida. PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular meeting of said Board on the 21st day of March, A.D., 2007, BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: Mayor Mario Di Gennaro Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy Commissioner Murphy Commissioner Nugent SEAL: ATTEST: Approved as to ('@t~uiiNen~a Date: ~f 7 MONROE COUNTY OFFICIAL RECORDS ,_,;.,-.'Ild.~~i ." ...~ -" F ILE ~:1 3.. (2') .2 4 .2 5 BK#.1. 554 PG'219a ReD Jan 0 DANNY L 7 1999 03J32PH KOLHAGS, CLERK . DEED DOC STAM 01/07/1999 ~M~ 0.70 -+:r::. DEP eLl{ IN THE: CIRCUIT COUNTY, FLORIDA. COURT FOR MONROE CIVIL DIVISION CASE NO. 98-20451-CA-O~ 0 -- ~, ~ ."..' Bn? tTl:.:r~::' C";). '.'- 0,): ~?;:~ ~Qt; N .." :',;JI. "'.. r- r.J l> IT: GLENDALE FEDERAL BANK, F.S.B.. Plaintiff, VS. ELLEN S. WILKINS; MONROE COUNTY; UNKNOWN TENANT NO.1; UNKNOWN TENANT NO.2; and ALL UNKNOWN PARTIES CLAIMING INTERESTS BY, THROUGH, UNDER OR AGAINST A NAMED DEFENDANT TO THIS ACTION, OR HAVING OR CLAIMING TO HAVE ANY RIGHT, TITLE OR INTEREST IN THE PROPERTY HEREIN DESCRIBED, Defendants. I CERTIFICATE OF TITLE The undersigned Clerk of the Court certifies that he executed and filed a Certificate of Sale in this action on nF.r.v.MRF.~ }~i lQQA , for the property described herein and that no objections to the sale have been filed within the time allowed for filing Objections. The following property in Monroe County, Florida: LOT 13, BLOCK 1, HARRIS OCEAN PARK ESTATES, ACCORDING TO THE PLAT THEREOF, RECORDED IN PLAT BOOK 4, AT PAGE 126, OF THE PUBLIC RECORDS OF MONROE COUNTY, FLORIDA \..D \.0 C- ~> ~ ""11 t"" :~::J ." ,=> ::0 :::0 ""'1 ~.') ,.~::. ::.::} o I -oJ -0 :J::: U1 -.I ?" CASE NO. 98-20451-CA-09 was sold to: FEDERAL N~TIONAL MORTGAGE ASSOCIA1ION C/O SMITH & HIATT P 2A. . whose address is: 2691 EAST OAKLAND PARK BLVD SUITE 303 FT LAUDERDALE>> FL 33306 :0 n L ~r9 my hand and the seal of this Court on If ~ .Jt?.l7f= 1. FILE j;1. 1. (2) 2 4 2 5 BKt :1. 5 5 4, PGI2 1 9 9 HONROE.COUBTY OFFICIAL RECORDS ;; ~''l'' --- --. t. , :-'-"-., f?7f"'l!':">/"'l \ . ~ ....l.. i,J, \i.J <'18 JU(,!H 12 ~ /1-.. ~ "111 1: 47 . '. -:.;L\L;: ._~L~';r cr. . . ':..1. ~~ \. 't~ :.. :-',':' Y, r LA xmllWi COliN ~rY OFFICIAL RmCO~D6 InLi .1. 0 9 !:i 3 " 1. IU.1 ~i 4- 7 PGtk 1 :JL 9 ,1> ReD Nov 38 1998 11,51AK DANNY L KOLHAGR. CLiRK IN THE ClI:lctJIT CO'ONTY. FI.,ORIDA. CQURT FOR Moz.:rRm~ CIVIL DIVISION CASE NO. 9EI-~!O~~5:L - c.~- 09 GLENDALE F'EIlER1~ BAl~K. F. S . B. . Plai.ntiff, VB. ELLEN S. l'ULKINS (ISSN: 589-03-6315);' MONROE COUNTY t O1[I<I."lOW:~ TENANT NO.1; UNKNOWN 'l'ENJ\1IT NO.2; and AL,L QlirKNOWN PARTIES CLAlJoUNG lNTERESTS BY, THROUGH, UNDER OR Aru~rNST A NJlMED DEF'ENl)ANT TO THIS ACnON., OJ~ RAVING OR CI.ADoIING ~ro HAVE AllY RIGHT., TIT:L.~ OR IN'I'EREST IN ~rH13 PROPER.'I'Y HEREIN DESCRIBED. DefE:~ndClntB . / .l3illllGllUfJlY l,:tllAL ILTUDaIlDI1~ OF Jrc>UC:t.'OS'OU: THIS ,ACTION carne before the Court. upon pleadi.ngs and proofl:l submitted herein, the m01:ion Qf the Plaintifj; for the ent.ry of c~ Surmnary Final JlJldHment, and 0111 thE~ evidence presented. IT IS lWJUDGBD THAT: 1.. ~['hil; Court has jurisdiC'tion of the ~l\lbj I!ct matt e~r hl~lt:'eof and thl! parti.es herl~to. 'The equitie!B elf this action are with the Plaintiff. 1'hel"e is due tc~ the Plaintiff the sums elf money as hereafter SHt lEorth: .~,' \\ \ \c?)qC" \1 J1~--.., lItEC,EIV..:.--..\ " ',P "'''"COROt''. errTQ KL\ ..' . . ..< 1:1.1:" !~/ ............-----........----~--'- .... .--..----. ~ 't ~ - ,,-.. '-. P.. Prineipal balance as of 4-1-98 $ 79,688.6!:i B. Ei . 8 I)!!; interest at $14..85 pier diem from 3-1-98 thru 9-4-98 2,791.80 I::E:I '>1;1 ::-t 1-1 C. 6.80% interest at $1.4.8!:i diem '* 1:'"' per 1-1I 11I1 from 9-'5-98 thru 11-'9-90 980.10 1.11 'II' f-l D. A<lvance for Insurance 715.68 rfl' 'I 1St '.... E. Title S.;:!ar c 11 275.00 l(l "'CllI1 F. Filing ]li'ee 91. 00 r;':l u) '.., f-I ....1 G. Service of Process 142.10 f-I f-I H. Defendant Location Search 79.50 ~l f-I I. PubHcatilJn of Notice of Action 114.00 J. Attc>rney's :Pees $ ~f'Y~1 'l'O'l'AL : $/~f ~V/i'. 6'.3 2. Plainti.ff is entitl~~d to recover the attorneys' fees s,et flOrth abov'e as I::ompensation for thE! hours reaslonclbly expen.ded as set forth in the filed affidavit. 3. A 1iEm is held by" 1:he Plaintiff for the total sum specifiE~d in paragJ;aph I, plus interest;, l~upj:!:dor in dignity to any right, t,itle, inter,est, or clali.m of' the Defendants upon the mortgaged property herein fon~closed l~itu,a.te, lying <lnd being in MClnroe County, Florida, to--wi1:: LOT 13, BLOCK 1, Hi~RIS OCEAN PARK ESTA.TES, ACGORDINI3 TO ,!'HE: PI.J\.':r THEREO.P, ilECORDED IN PLAT BOOK 4, AT PAGE 126, OF' THE PUIE~LIC REConDS OF MONROE COUNTY, FLORmj~ 4, If the tdt.al Slum dw~ to the Plaintiff, pluie interest on the unpaid pri.ncipal at thE! ratl;:! prescribed in thl:l note and mo]~tgagl~ to date, cmc1 at thE ciJr-rent stat_utory interE~st rate after th.e~ date through 'ilihich interest is calculatE~d in pclraglC'aplt1 1. abc/v,e, and all CoOsts of this proceed:i.ng incurred a:Eter the daltE! of thil~ ,Jud9tlU"mt are not forthwith paid, the Clerk e,f t.his COUJ;t :~hall /~ ~....~ : JI _1_8'_ sell that property a.t public ~lale a1: _L1-... ,a.m. on the d.a:)!' of ~Cj/rl~.~' 1998 r to the high~~st bidder or bidc:lers for cCl~lh at the front door of the Monroe County Courthouser 500 lfu:i1t:I:'!head Street, Key West, Florida, 330,10, aft€:r ha1Ting first given no'tice as re!C;[l.lirE~d by Section -15.031, Florida: S1:i:ltutes, except the Clerk shall not conduct the sale unlsiElsI the: Plainti.f:f: or its: representati V'e iSI prt~sent t(J bid. 5. P'laintifj: Slhclll CLClvancl~ the c:ost of publishing t:he! :rsrotic:e of Sale and shall be ltt::imbursed by the Clerk out of the proceeds of the sale if the 'Plaintiff is not the purchaser of the property. The purchaser at the Bale shall pay, in addit ion .to the ,amount bid, the Clerk r s fE:E! and docurn~mtar:V" stamps to be affixed to the Certi ficalte c)f '1'1 tIe. 6 . The Plaintiff may a.ssiffll the ,Judgm.ent or the bid tel a third party wi thOIJ.t furth.er order of the Court. 7. If the Plaintiff' or Plaintiff's al3signee is the purch<llser at the !mle, the Clerk shall credit on the bidl of th.e Plai.ntiff or Plilintiff I s assignee' l:he total Bum hE~rein :cound to be dUl~ thl~ Plaintiff l::lr SlLlCh portion thereCif as may be necessary to pay fully the bid of the Plcdntif:f or Plai.ntiff's assignee. 8. On filing the Certificate of Title, tbe Clerk 13lhcln distribute the pn)ceeds of the sC!~le. so far as they are sufficient, by pa.yIng: A. All of plaint iff r s COSti3. B. Plaintiff's atto:t'neys'l :Eee.s, C. Thl~ tot,al sum d4e to Plaintiff as set: forl:h abcw'e. less the items pai.d, with interest at the current statutory interest rate from the date throl,lqh lrihich int.erest is calculated in pa,ragrclph 1 abovE~ to the date, of the ~lale. If the Pla,intifj: has to advance monE!Y t:o protect its mort9Clge Ihm, the Plaintiff shall certify by affidav'it to the Cl,erk and 'the amount due to Pl,",-intiff ti:l ''''IiI ~I-I >It< It"" ~ IIKI U'J'" I-~ ~, ...1 E.l l.O 't~ U1 G') llJ ... 1-4 ~ t...q..1 t.O N ~......... -..., : lilhall be inC1:'ei!llSe~d by the amount of' such advances without furthl3:r order of the Court. D. The rem.aining' proceelClsl, if any, shall be Ie,tai.ne:c1 by the Clerk pendin.g further Order <of the CClurt:. 9. Upon filin9 the Certificate of Sale, the De1:endant:9 and all persons cl.:dming under ()r agains;t t:hem ;since the filing of thE! liTot ice of Lifl Pendens: shall ble fo:[',eclosed of all estate elr clad,m in the p!~Opel,1:y, and the purchaser at the sl:l.le shall be lE!t into pOl;sessi,on of the property. Tile Cll3rk of the Court is hereby :9p.ecifically aut.horized to iSSUE~ (i WrJt of POlill313s;sion for the property whii::h is thl~ subject matter of this action, located clt: 137 Atlantic Avenue, TaVi:!r:nier, Florida, 33070-2908, and the Sh.eriff is: hereby authorized to serve the! Wri1t forthwith. 10. The Court reta,ins jurisdiction. of this action to, enter further orders as ar,e proper inc:luding, without limitation, deficiency judgmEmts. DOHB MID OJU)lmB!1) in Chambers /'f..1 1'",." 4. _-'l{J~~fffJ.~__., at the Monroe County Courthouse" Key West, l"lor ida on 1998. ,,;' ~ ~ ' ,""/" ...-- -...'f' , ., L- c::-=""~~~ . ~7' {U~\ cJ:r~uit. Judge ~ Lies furnishe~d: l)i't'/ TO ALL THOSE ON THE 1\TTACHED SERV'1CE I.1ST tlO ';111 :;,q ~... .... toO "ol alii (;Jl .... ~~ ~& -...J lD "UUi ~W ~-.J f-q..l 1.0 W .1 , . ......... SIIRVI:CJC LJ:S~r (:J~SS 110. 98-20451,-CA-09 Bllen S. .Hlk,ins Last known address: 137 Atlantic AvernlC 'favernier. FI, 33070 Stuart G. Schurr, Esq. 3HlFleming Street )(1~Y Tflest, FL 33040 Unlrnt:)wn Tenant No. 1 n/k/a Cynthia. Parker 13'7 Atlantic Avem.H~ 'Pavernier. FI, 33070 Unknown Tenant Nc). 2 n/k/a Keith Norrie 13'7 .r..tlantic AVenUE! 'Pavernier. FL, 33070 Robert A. Smith, ~rr., Esqttire Smi th & Hiatt, P .A.. Attorneys for Plaintiff 2691 East Oa.kland Park Boulevard Sui'te 303 Fort Lauderd.ale, lo'lorida33306 M.OUROIll COUNTY OFFICIAL RRCORoe -. tI:I "1:1 ~l-l ..~ 1::" ....lJll lJ~ - ~ ~ t5~ ...1 10 'XJ1JI ,~ li) J-l ...., I-.l I-~ ~ I~ HONROE COUNTY OFFICIAL RECORDS 1,:21 April, 1999 Revis~!d 10/06/93 FILE: # 1. 1. 2 1 2 .{I, 3 BK# :l 5 7 3 PG# 1 7 7 5 IU~OI A!ilB60l7 FL (Collvl~ntiOllal) SPlII::UL 1lJwm.ur!l'!' DUD ~rHIS INDENTUFiE. made. this. _~_ d.;iy of JlJi'Rltlt. , 1999 r by and betwi2en FEOERJl<l. NATIONAL MOp:rm\.GE ASS<Jerm1mr;- a corporatf,5n organiz1ed under ..nd existing pursuan1~ to the lawll' of the Unj~t.ed Stat.es, hereinafter cal.~ed Grantor rand 1I18X.SiaJI J. "~1I!~~ !I'IQIZ#:E.:l!A. .11_ IlII~1 Inn Of 1627~1 SW 81- L !W\X[~rr.. ..-l>>]~ranCf"'nie:L f ass 19n5 ;-ne-fe lna fterca'rfea-~;ran tee -~----- WITNE:SSETH, thal: the said Grantor, for and in consideracion of the. sum of 'l'~ll lI1'lld 1)0/100'11 tlOlf.I.t..aM (.$1Q,JLQ) in hand paid by Grantee and other valuable consic1E!rations, the recerpt'Whereof is acknowledged, her,eby grants, bargains and sells to the said G:~,antee, forever, the fo1101"ing d~~scrit'ed lanel in the County of .J!;~~, StatH of Florida, to-wit: The propeI'ty i~1 commonly known as 131 A'lLl~I'!'IC 1t.'flII:N:tl!.r.-TAVJ~l~bIDm~ It.OR:tDA 3:~070 and :Ls more particulalrly de scrneOTil-mmmr1; , attacn'Elnlere-EO'iiilO ma;:renr part her~~of by this referen,::e. ~ro HAVE MD TO HOLD the above-described property, with appurtEmanes, unto the said Grantee" cmd theiI' assigns, forever, subject to covenants and restrictions. of record, zoning and land use restrictions imposed by governlllental a.uthoritiE!8,. and moltt*rs an accurate survey ~muld reveal, AND SAID GRANTOR do,es hereby specially warrant l:he title to sa;ld lands alld will dlefend thl~ SamE! again~lt the lawful claims of any person whomsoever claiYll.ing by, ttu:ough, or under the said Grantor. IN WITNESS WHEREOf the undersigned Federal National Mortg,~ge A~ssociat:lon has 'c:aused these presents to be signed in its name by its undersigned officers, and i ts corporat'~ seal affixed thi 5 218'1' day of ~~UL, 1999_ nDlltl.1I1, ~lA~rI ."RTGAG!: AS,SOCtA'~tON (CORPOfU\TE SC:AL) By; ~~'."'I:II.IiII'",~ Signed, lleale~~"\u;\~JiWlIJ~~ed in the pre:s'e~I',~46'IO-'i:;).. ~i .~k(~(~~l~~ mi1~R'f(nU~~~I{Q ~~~~~~ COUNTY OF DALIASl //, . ........m::rlslstar ~ecrE;Y'rY- V ReD Apr 30 1999 02J23PM DANNY L KOUIAGE ,. CU:RK J: herE~by certify t.hat on this day bef'lre me, an oHicer duly ,luthori~ed in the State and C01Jnty aforesaid to t!lke acknowledgement~., perscna:~ly appeared 'l'iJlllYA ~J. lll;gQI!ll:lL, and '!'IIIJl&BA x-'-~ , to me known and known to be the perS'Oii'S'(lescrIEea 1n and who executeCitJi'e"1'oregoing instrument as V:(ce Preside,nt and }\$sistant Secretary, respecti vel y, of the corpolrat ion named tllerein, and. seyerally ack.nowledged before me that they I~xecuted the same as such officers in the same ,:wd on beha.lf of said corporat i~m, Wi-tness ;D;!f hand and offj~al seal in the county and StatE' last aforesai~~ifis ..:~--.A~ of .A~, 1999. ~, 0 ~/J'"" ~~~:t'7< ~... t:l:~ This Notary Public, TEl<AS My Commission Expires: ( Sl~al} instrument ~~as prepared by: Office of Regional Counsel Federal National Mortgag~~ Assn. 13455 Noel Road, Suit.e 600 Dallas, TX 7 5<~40-500 3 ~DY L 11D1Al1ER It((lX\ItlIlllDl.. JlIllWlY 16, 21D1 110NROE COUN'l'Y OFFICIAL RECORDS BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: March 21. 2007 Division: Morn-oe County Housing Authority Bulk Item: Yes X No Department: SHIP PROGRAM AGENDA ITEM WORDING: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420,907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. PREVIOUS RELEVANT HOCC ACTION: Approval by Resolution 157-2005 and prior Monroe County Local Housing Assistance Plans and Plan Amendments beginning in 1993, ITEM BACKGROUND: Florida Statute and Administrative code require the submission of a Local Housing Assistance Plan in conjunction with the administration 9f the State Housing Initiative~ Pl,lrtnership (S.HIP) Program, Plans must meet the parameters established within StatutelRule. The benefit of assistance . prov~ded through the SHIP Program must accrue to eligible persons occupying eligible housing; 75% of funds must be expended in support of homeownership; 75% of funds must be expended in support of construction activities. The current LHAP was modified in 2007 and the strategies, award maximums, area median purchase price and terms of assistance for the proposed plan are changed as indicated in the attached plan. PREVIOUS RELEVANT HOCC ACTION: CONTRACT/AGREEMENT CHANGES: NIA STAFF RECOMMENDATION: Approval TOTAL COST: $-0- BUDGETED: Yes No COST TO COUNTY: $-0- SOURCE OF FUNDS: N/A REVENUE PRODUCING: Yes No AMOUNT PER: Month Year APPROVED BY:County Au. ~ ~~'J OMBlPurchasing _ Risk Management_ DIVISION DIRECTO AFPROV AL: J. Manuel Castillo,"., DOCUMENT ATION: Included - X - To Follow Not Required _ DISPOSITION: AGENDA ITEM # RESOLUTION NO. , 2007 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIA TlVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS~ the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local government for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership (SHIP) Act, ss. 420.907- 420.9079, Florida Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, required local governments to develop a one' to three-year local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by chapter 67-37.005F.A.C. it is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local hosing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs. WHEREAS, the Monroe County Housing Authority has prepared a three-year Local Housing Assistance Plan for submission to the FlOlida Housing Finance Corporation, and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds; and NOW THEREFORE, BE IT RESOLVED BY THE Board of County Commissions, of Monroe County, Florida, that the County hereby: Approves the Local Housin.g Assistance Plan, as attached an.d incorporated hereinfor submission to the Florida Housing Finance Corporation as required by ss. 420.907-420-9079, Florida Statutes, for fiscal years 2007/2008, 2008/2009, 2009/2010, The Mayor of Monroe County is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the terms and conditions of said program. This resolution shall take effect immediately upon its adoption. ,2007. PASSED AND ADOPTED THIS DAY OF BOARD OF CaNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy Commissioner Murphy Commissioner Nugent By: Mayor Mario Di Gennaro SEAL: ATTEST: MONROE COUNTY ATTORNEY AP~~ Da . UZANNE A, H ON Date ~)6 ~~~y MONROE COUNTY SHIP LOCAL HOUSING ASSISTANCE PLAN (LHAP) FISCAL YEARS COVERED 2007-2008/ 2008-2009/2009-2010 I. PROGRAM DESCRIPTION Chapter 67-37.005 F.A.C. and Section 420.9072, F.S. A. Name of the participating local government and Interlocal if Applicable: Sectioll 420.9072(5J,F.S. Monroe County lnterlocal : Yes No X Name of participating local government(s) in the lnterlocal Agreement; N/A B. Purpose of the program: Section 420.9072. F.S. and Chap(er 67-37.005(3), F.A.C. Creation of the Plan is for the purpose of meeting the housing needs of the very low, low and moderate income households, to expand production of and preserve affordable housing, to further the housing element of the local government comprehensive plan specific to affordable hou~ing. C. Fiscal years covered by the Plan: Chapter 67-37.002,F,A.C. X 200712008 X 200812009 X 200912010 D. Governance: Chapter 67-37.005(3)alld(5)(i)F.A.C. alld Section 420.9071(l4)F.S. The Monroe County SIITP Program is established in accordance with Section 420.907- 9079, Florida Statutes and Chapter 67-37.007 Florida Administrative Code. The SIITP Program does further the housing element of the local government comprehensive plan. E. Local Housing Partnership SectioIl420.9072(l)(a), F.S. The Monroe County SIITP Program encourages active partnerships between government, lenders, builders and developers, real estate professionals and advocates for low-income persons. F. Leveraging: Chapter 67-37.007( 1 )(b)(e), FAG. alld Seetioll 420.9075(J)(a) Gild (l )(b3, GIld (1 )(e), F.S. The Plans increase the availability of affordable residential units by combining local resources and cost saving measures into a local housing partnership and using public and private funds to reduce the cost of housing. SHIP funds will be leveraged with or used to supplement other Florida Housing Finance Corporation programs and to provide local match to obtain federal housing grants or programs. - 2 - G. Public Input: Chapler 67-37.005(3), F.A.C. Public input was solicited through face to face meetings with housing providers, social service providers, local lenders and neighborhood associations. H. Advertising and Outreach: Chapter 67-37.005(6)(a), F.A.C. The county or its administrative representative shall advertise the notice of funding availability in a newspaper of general circulation and periodicals serving ethnic and diverse neighborhoods, at least 30 days before the beginning of the application period. If no funding is available due to a waiting list, no notice of funding availability is required. I. Discrimination: Seclion 420.9075(3)( c), F.S. In accordance with the provisions of ss.760.20-760.37, it is unlawful to discriminate on the basis of race, creed, religion, color, age, sex, marital status, familial status, national origin, or handicap in the award application process for eligible housing. J. Support Services and Counseling: Chapter 67-37.005(5)(gJ,F.A.C. Support services are available from various. sources. Available support services may include but are not limited to: Homeownership Counseling (Pre and Post), Credit Counseling and Tenant Counseling K. Purchase Price Limits: Section 420.9075(4)(c), F.S_ and Chapler67-37.007(6)F.A.C. Purchase Price Limits: The sales price or value of new or existing eligible housing may not exceed 90% of the average area purchase price in the statistical area in which the eligible housing is located. Such average area purchase price may be that calculated for any 12-month peliod beginning not earlier than the fourth calendar year prior to the year in which the award occurs. The sales price of new and existing units, which can be lower but may not exceed 90% of the median area purchase price established by the U.S. Treasury Department or as described above. The methodology used is: x Independent Study (copy attached) U.S. Treasury Department Local BFA Numbers The purchase price limit for new and existing homes is shown on the Housing Delivery - 3- Goals Charts. New Construction at $540,000 and Existing Homes at $522,000 L. Income Limits, Rent Limits and Affordability: Chapter 67-37.005(5)(e), F.A.G. .alld Section 420.9071(2), F.S. The Income and Rent Limits used in the SHIP Program are updated annually from the Department of Housing and Urban Development and distributed by Florida Housing Finance Corporation. Affordable means that monthly rents or mortgage payments including taxes and insurance do not exceed 30 percent of that amount which represents the percentage of the median annual gross income for the households as indicated in Sections 420.9071 (19), (20) and (28), F,S. However, it is not the intent to limit an indi vidual household's ability to devote more than 30% of its income for housing, and housing for which a household devotes more than 30% of its income shall be deemed affordable if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30% benchmark and in the case of rental housing does not exceed those rental limits adjusted for bedroom size. M. Wages to Work: Clwpter 67-37,005(6)(b)(7)F.A.G. Should an eligible sponsor be used, the city/county has developed a qualification system and selection criteria for applications for A ,^:,ards to eligible sponsors, which includes a description that demonstrates how eligible sponsors that employed personnel from the W AGES and Workforce Development Initiatives programs will be given preference in the selection process. N. Monitoring and First Right of Refusal: SectioIl420.9075(3)(e)alld (4) (f), F.S. In the case of rental housing, the staff or entity that has administrative authority for implementing the local housing assistance plan assisting rental developments shall annually monitor and determine tenant eligibility or, to the extent another governmental entity provides the same monitoring and determination, a municipality, county or local housing financing authority may rely on such monitoring and determination of tenant eligibility. However, any loan or grant in the original amount of $3,000 or less shall not be subject to these annual monitoring and determination of tenant eligibility requirements. Tenant eligibility will be monitored for at least annually for 15 years or the term of assistance which ever is longer unless as specified above. Eligible sponsors that offer rental housing for sale before 15 years or that have remaining mortgages funded under this program must give a first right of refusal to eligible nonprofit organizations for purchase at the cunent market value for continued occupancy by eligible persons. O. Administrative Budget: Chapter 67-37.005(6)(f)3, F.A.G.. ~ 4- A detailed listing including line-item budget of proposed Administrative Expenditures is attached as Exhibit A. These are presented on an annual basis for each State fiscal year submitted. Monroe County finds that "the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. In accordance with Chapter 67-37, Florida Administrative Code, the cost of administering the plan does not exceed 5 percent ofthe local housing distribution moneys and program income deposited into the trust fund. A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distIibution of up to $350,000 may use up to 10 percent of program income for administrative costs." Monroe County has adopted the above findings in the attached resolution, Exhibit E. P. Essential Service Personnel: Include a definition as required in Chapter 67- 37.002(6), F.A.C. Essential Services Personnel in Monroe County shall mean and include, without limitation full-time working persons employed in Monroe county providing services in the construction and skilled building trades, real estate, finance, public and non-profit organization, healthcare, licensed professions and trades, commercial fishing, hospitality, wholesale and retail consumer services, transportation, education, security, entertainment and any similar service otherwise constituting an essential component of the local economy and community. - 5 - II. LHAP HOUSING STRATEGIES: Chapter 67-37.005(5), F.A.C. A. Name of the Strategy: HOUSING REHABILITATION a. Summary of the Strategy: Funding assistance for housing rehabilitation. b. Fiscal Years Covered: 2007 - 200812008- 200912009- 2010 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: MOltgage loans not to exceed $35,000 for housing rehabilitation and $8,000 for wastewater improvements. Closing and inspection costs in excess of the maximum award will be a program expense. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of twenty (20) years with zero % interest. The loan will be due and payable upon sale or transfer ofthe property, twenty-years (20), or failure to comply with the terms of the SHIP mortgage. f. Recipient Selection Criteria: Applications accepted from public entities, non-profit housing providers and individual homeowners for housing rehabilitation of existing housing. Applicants who have been determined to be income eligible for program assistance, will be placed on a waiting list according to their income classification, and will receive assistance on a first come, first ready basis, with priority given to very-low income applicants and according to need. Applicants may submit a completed SHIP application to the Monroe County Housing Authority at any time, unless the waiting list is closed or until annual funding is expended. g. Sponsor Selection Criteria: N/A h. Additional Information: For the purpose of this strategy, the standard for rehabilitation is defined as those improvements necessary for the subject unit to meet the U.S. Department of Housing and Urban Development's Housing Quality Standards (HQS) with the exception of wastewater improvements. Any households receiving rehabilitation assistance under this strategy are not eligible for additional SHIP funding for a period of three (3) years from closeout of grant/loan. w 6 w B. Name of the Strategy: HOMEBUYER ASSISTANCE a. Summary of the Strategy: Funding assistance for the purchase or construction of single-family residential property, including condominiums or townhouses. b. Fiscal Years Covered: 2007 - 200812008- 200912009- 2010 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage loan not to exceed $45,000. Inspection costs in excess ofthe maximum award will be a program expense. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of thirty (30) years with zero % interest The loan will be due and payable upon sale or transfer of the property, thirty years (30), or failure to comply with the terms of the SIllP mortgage. f. Recipient Selection Criteria: Annually, 75% of funds budgeted under this strategy will be set aside for public entities and non-profit affordable housing units. In the event all set aside funds are not committed, those funds are available for commitment to individual applicants who have valid contracts for purchase "for eligible homes on a first come I first ready basis". For profit entities constructing affordable units utilizing city or county affordable permits will be considered "public entities". Applicants who have been determined to be income eligible for program assistance will be placed on a waiting list and receive assistance on a first come, first ready basis. Applicants may submit a completed SIllP application to the Monroe County Housing Authority at any time, unless the waiting list is closed or until annual funding is expended. g. Sponsor Selection Criteria: N/A h. Additional Information: Buyer(s) must contribute a minimum three percent (3%) down payment Property must meet minimum health and safety standards as defined under the D.S Department of Housing and Urban Development's, Housing Quality Standards (HQS). Any HQS - 7 - deficiencies must be corrected prior to or as part of the purchase transaction, In the case of new construction, a Certificate of Occupancy (CO) may be substituted for the HQS inspection. MOltgage loans to public entities, which retain ownership of the land under the terms of a ground lease, shall extend to the improvements. Public agencies and/or non-profit affordable housing development organization may request the SHIP loan be re-loaned to subsequent buyers if the following conditions are determined to exist at the time of sale: 1. Prospective buyer meets SHIP income eligibility guidelines for very low or low income. 2. The transaction maintains the properties affordability to the prospective buyer. 3. Long term affordability criteria are recorded, enforced and for a period not less than the term of the SHIP mOltgage and the transaction is consistent with such affordability criteria. i. Shared Appreciation Provision: All SHIP funds under this strategy are subject to a mortgage that shall contain recapture provisions which provides for shared appreciation between the buyer(s) and the Monroe County SHIP Program. The amount due Monroe County upon sale or transfer of the property shall be calculated by adding the sum of the principal balance of the SHIP loan and 50% of the appreciated value. The appreciated value shall be the difference between the original purchase price and the sales price less any real estate commission, less the value of any permitted improvements. Housing unites constructed utilizing Affordable Housing Permits which restrict appreciation in the housing unit's value, shall not be subject to the Shared Appreciation Provision. - 8 - C. Name of the Strategy: DISASTER MITIGATION a. Summary of the Strategy: Funds provided to homeowners and owners of rental properties to make hurricane related or other disaster repairs. b. Fiscal Years Covered: 2007 - 2008/2008-2009/2009- 2010 c. Income Categories to be served: Very low, low and moderate d. Maximum award is noted on the Housing Delivery Goals Charts: Loans not to exceed $35,000 per housing or rental unit. e. Terms, Recapture and Default: Mortgage loans will be a deferred payment loan for a period of thirty (30) years with zero % interest. The loan will be due and payable upon the sale or transfer of the property, thirty years (30) or failure to comply with the terms of the SHIP mortgage. f. Recipient Selection Criteria: Applications processed on a "first come, first ready" basis. g. Sponsor Selection Criteria: N/A h. Additional Information: For the emergency repairs under this strategy, emergency repairs are defined as those repairs to damages resulting from a disaster that pose an immediate health and safety hazard to occupant(s). - 9 - D. Name of the Strategy: RENTAL STRATEGIES CONSTRUCTIONIREHABILIT A TION a. Summary of the Strategy: Funds provided for the construction or rehabilitation of affordable housing units. b. Fiscal Years Covered: 2007 - 200812008- 200912009- 2010 c. Income Categories to be served: Very low, low and moderate (tenants) d. Maximum award is noted on the Housing Delivery Goals Charts: Mortgage note up to a maximum of $40,000 per unit average, e. Terms, Recapture and Default: Due and payable upon sale or transfer of the property or failure to comply with the terms of the SHIP Rental MonitOling Agreement or Land Use Restriction Agreement (LURA). f. Recipient Selection Criteria: Priority shall be given to applicants in the following order until all available funding is committed/expended. Priority #1 Applications proposing the creation of the new rental units by construction or rehabilitation, ranked in the following order: 1a. Proposing the longest period of affordability 1 b, Units serving very low-income tenants 1c, Units serving substantially (%) very low-income tenants 1d. Serving low-income tenants ie. Serving substantially (%) low-income tenants if. Serving moderate-income tenants The tiebreaker within Priority #1 shall be the lowest SHIP per unit cost. Priority #2 Applications proposing the rehabilitation of existing affordable rental units, ranked in the following order: 2a, Proposing the longest period of affordabihty 2b, Serving very low-income tenants 2c, Serving substantially (%) very low-income tenants 2d, Serving low-income tenants 2e. Serving substantially (%) low-income tenants - 10 - 2f. Serving moderate-income tenants The tiebreaker within Priority #2 shall be the lowest SHIP per unit cost. g. Sponsor Selection Criteria: N/A h. Additional Information: FOR PROFIT ENTITIES and NON-PROFIT ENTITIES: Entities proposing construction/rehabilitation in conjunction with Florida Housing Finance Corporation (FHFC) funding are eligible for loans secured by a mOltgage up to $40,000 or that amount sufficient to satisfy the FHFC local contribution portion of the FHFC program, whichever is less. The for-profit loan is at an interest rate of 3% with a minimum term of fifteen (15) years with principal and interest due upon maturity. The non-profit loan is at an interest rate of 0% with a minimum term of fifteen (15) years and principal balance forgiven at maturity. Entities proposing construction/rehabilitation are eligible for mortgages not to exceed an average of $40,000 per unit. Should all funds not be expended to a specified unit, these funds may be transferred for the completion of another unit being rehabilitated. A modified award letter will be required. Loan amount will be based on number of units times the allotted amount per unit. This loan is at an interest rate of 3% with a minimum term offifteen (15) years for for-profit entities with the plincipal and interest due upon maturity. Non-profit entities are eligible for mortgages at an interest rate of 0% with a minimum term of fifteen (15) years and principal balance forgiven at maturity. Loans may be extended in conjunction with an extension of the SHIP Rental Monitoring Agreement. All entities funded under this strategy will be required to execute a SHIP Rental MonitOling Agreement and Land Use Resttiction Agreement (LURA) for a minimum telm of fifteen (15) years. SHIP set aside units assisted under this strategy must maintain rents that do not exceed the rent maximums published annually by the Flotida Housing Finance Corporation. SHIP recipients that offer rental housing for sale within fifteen years of the SHIP award must give a right of first refusal to eligible non-profit organizations for purchase at the current market value for continued occupancy by eligible persons. Governmental entities shall not be required to execute a note and mortgage for this strategy. -11 - III. LHAP INCENTIVE STRATEGIES Section 420. 9071(16), F.S. A. Name of the Strategy: Expedited Permitting Permits as defined in s. 163.3164(7) and (8) for affordable housing projects are expedited to a greater degree than other projects. a. Established policy and procedures: The Monroe County Comprehensive Plan and the Land Development Regulations Established a set aside of 30% of all building permits issued for affordable housing. This includes the unused allotment of permits for affordable housing set aside units to be rolled over and accumulated each year without going through the ROGO (Rate of Growth Ordinance) process. Monroe County has assigned Planning Department Staff to facilitate affordable housing applications. B. Name of the Strategy: Cost of Housing Establishment of a process by which a local government considers before adoption, policies, procedures, ordnances, regulation, or plan provisions that have a significant impact on the cost of housing. a. Established policy and procedures: All County resolutions and ordinances contain a cost analysis section specific to affordable housing, the County has waived impact fees for affordable housing and building permit fees for the very low and low income homeowner pat1icipating in local, state or federally supported affordable housing programs. As an Area of Critical State Concern, the County's policies, procedures, ordinances and regulations are subject to the approval of the Florida Department of Community Affairs who is concerned and monitors the cost of affordable housing. - 12 - IV. EXHIBITS: A. Administrative Budget for each fiscal year covered in the Plan. Exhibit A. B. Timeline for Encumbrance and Expenditure: Chapter 67-37.005(6)(d) and if) FAG. A separate timeline for each fiscal year covered in this plan is attached as Exhibit B. Program funds will be encumbered by June 30 one year following the end of the applicable state fiscal year. Program funds will be fully expended within 24 months of the end of the applicable State fiscal year. C. Housing Delivery Goals Chart (HDGC) For Each Fiscal Year Covered in the Plan: Chapter 67-37.005), FAG. Completed HDGC for each fiscal year is attached as Exhibit C. D. Certification Page: Chapter 67-37,005(7), FAG. Signed Certification is attached as Exhibit D. E. Adopting Resolution: Section 420.9072(2)(b)2, F.S. Signed, dated, witnessed or attested adopting resolution is attached as Exhibit E. F. Program Information Sheet: Completed program information sheet is attached as Exhibit F. G. Ordinance: Section 420.9072(3)(a), F.S. N/A H. Interlocal Agreement: Section 420,9072, F.S. N/A I. Independent Study: A copy of the Independent Study is attached as EXHIBIT I. - 13 ~ EXHIBIT A MONROE COUNTY SHIP ADMINISTRATIVE BUDGET Oescri pti on FY 07-08 FY 08-09 FY 09-10 Salaries Administrator 6,000 6,000 6,000 Program Coordinator 45,000 45,000 45,000 Finance Manager 2,150 2,150 2,150 Bookkeeper 6,693 6,693 6,693 Benefits (Retire, Health, FICA) 22,000 22,000 22,000 Advertising 1,500 1,500 1,500 Printing/Copying 500 500 500 Postage 500 500 500 Phones/Communication 400 400 400 Supplies 500 500 500 Rent 2,775 2,775 2,775 Equipment 500 500 500 Books/Publ ications/Membershi ps 300 300 300 Travel 1,500 1,500 1,500 Professional Services/Tech Assist 9,200 9,200 9,200 $ 99,518 $ 99,518 $ 99,518 TOTAL Estimated Administrative Budget based on 10% of FY 2007~2008 State Allocation and includes an administrative allocation of program income at 5% co - :s: :c ~ w 0 .... 0 ~ <:) <:) N III m :5! 0 0 0 !::! ii: CD :::; 0 0 1: N as :::J 0 0 0 0 ~ ~ .. 0 l: 0 0 i N == 0::: <( 1: is. !e III E .J E 0 l: U <( ... .. 0 III 0 U) > '1:l ii: 0 2 Cl 'i:" .. 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'" ~ " ~ ~ !!!. ;;; e- m "T1 c ;:l a. ['! ~ ~ ..... '" N ..... o o " )> z [- ~ ;!: ~ ." -< :Il. ii' ;'" ~ ~ o ~ I ~ = s [ i S .. ,. ! ~ '" J: 'ii :r ~ ~ Z-< o @ m t g I ~ <: ~ ~. c m d ~ ~ ....."T1 IJJ~ !!!. =ig __.____ ____,_ ._._____,,__ .~J'.l. _. ~ .. 0. ii: ~ ~ II> J: 'i; ~ j:; ". ~ .. 0. i: ~ '" ;I; 'i; '" J: 'ii ~ [ II> J: 'i; ~ ~ '" J: 'ti c 2- [ (fl :J: 'D o Q. ~ II> ~ ~ ~ <: ~ c ~ q Exhibit D CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: MONROE COUNTY (1) The local government will advertise the availability of SHIP funds pursuant to Florida Statutes. (2) All SHIP funds will be expended in a manner which will insure that there will be no discrimination on the basis of race, creed, religion, color] age, sex, familial or marital status, handicap, or national Oligin. (3) A process for selection of recipients for funds has been developed. (4) The eligible municipality or county has developed a qualification system for applications for awards. (5) Recipients of funds will be required to contractually commit to program guidelines. (6) The FIOlida Housing Finance Corporation will be notified promptly if the local government (or lnterlocal entity) will be unable to comply with the provisions the plan. (7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within 24 months following the end of the State fiscal year in which they are recei ved, (8) The plan conforms to the Local Government Comprehensive Plan] or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. (9) Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation with in 21 days after adoption. (10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities such as interest earned on loans. (11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. (12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon as available. (13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation as soon as possible. (14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. (15) Developers receiving assistance from both SHIP and the Low Income Housing Tax Credit (LIHTC) Program shall comply with the income, affordability and other LIHTC requirements. Similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. (16) Loans shall be provided for periods not exceeding 30 years, except for defened payment loans or loans that extend beyond 30 years which continue to service eligible persons, (17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 (3)(e) (18) The Plan meets the requirements of Section 420-907-9079 FS, and Rule Chapter 67-37 FAC, and how each of those requirements shall be met. (19) The provisions of Chapter 83-220, Laws of Florida _has or X has not been implemented. Witness Chief Elected Official or designee Witness Type Name and Title Date OR Attest: Exhibit E RESOLUTION NO. ,2007 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA APPROVING THE LOCAL HOUSING ASSISTANCE PLAN AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907-420.9079, FLORIDA STATUTES; AND RULE CHAPTER 67-37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS~ the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92-317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local government for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives PartJ,1ership (SHIP) Act, ss. 420.907- 420.9079, FI01ida Statutes (1992), and Rule Chapter 67-37, Florida Administrative Code, required local governments to develop a one to three-year' local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establ1sh the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act flllther requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by chapter 67-37.005F,A.C. it is found that 5 percent of the local housing distribution plus 5 percent of program income is insuffic1ent to adequately pay the necessary costs of administeling the local hosing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in s. 120,52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs. WHEREAS, the Monroe County Housing Authority has prepared a three-year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation, and WHEREAS, the County Commission finds that it is in the best interest of the public for Monroe County to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds; and NOW THEREFORE, BE IT RESOLVED BY THE Board of County Commissions, of Monroe County, Florida, that the County hereby: Approves the Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by ss, 420.907-420-9079, Florida Statutes, for fiscal years 2007/2008, 2008/2009, 200912010. The Mayor of Monroe County is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the Local Housing Assistance Plan, and to do all things necessary and proper to carry out the tenns and conditions of said program. This resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED THIS DA Y OF ,2007. BOARD OF CONTY COMMISSIONERS OF MONROE COUNTY, FLORIDA Mayor Di Gennaro Mayor Pro Tern Spehar Commissioner McCoy Commissioner Murphy Commissioner Nugent By: Mayor Mario Di Gennaro SEAL: ATTEST: Approved as to legal sufficiency: Date: Exhibit F STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM INFORMATION SHEET LOCAL GOVERNMENT: Monroe County CHIEF ELECTED OFFICIAL (Mayor, Chairman, etc,): Mayor Mario Di Gennaro ADDRESS: 9400 Overseas Hwy, Ste. 210, Marathon, FL 33050 Phone (305) 289-6000 Fax: (305) 289-6306 SHIP ADMINISTRATOR: J. Manual Castillo, Sr. ADDRESS: 1400 Kennedy Drive, Key West Florida 33040 TELEPHONE: (305) 292-1221 FAX:(305) 292-1162 EMAILADDRESS: castillom@kwha.or? ADDITIONAL SHIP CONTACTS: Marie Brouillette, MC SHIP Coordinator ADDRESS: 1400 Kennedy Drive, Key West, Florida 33040 EMAIL ADDRESS: brouilIettem@kwha.org INTERLOCAL AGREEMENT: YES0 (IF yes, list other palticipants in the inter-local agreement): The following information must be fumished to the Corporation before any funds can be disbursed. LOCAL GOVERNMENT E1v1PLOYER FEDERAL If) NUMBER: 59-6000749 MAIL DISBURSEMENT TO: ADDRESS: OR:IF YOUR FUNDS ARE ELECTRONICALLY TRANSFERRED PLEASE COMPLETE THE ATTACHED FORM: ~ NO CHANGE FROM PREVIOUS ELECTRONIC FORM SUBMITTED. Provide any additional updates the Corporation should be aware of III the space below: Please retum this form to: SHIP PROGRAM MANAGER, FHFC 227 N. BRONOUGH ST, STE 5000 TALLAHASSEE, FL 32301 Fax: (850) 922-7253 flnlblr Ine. Purchase Price Study - PREPARED ON: NOVEMBER 27.1 2006 PREPARED FOR: MONROE COUNTY HOUSING AUTHORITY STUDY OF: MONROE, FLORIDA Copyright @ 2005, 2006 by FNBR Inc. All Rights Reserved. www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail flnlbl Ine. Methodology Purchase Price of Property: FNBR determines the purchase price of each sale from the documentary stamps "doc stamps", which are recorded on each document. The purchase price(s) used for this study are: . Monroe County is $150}OOO.OO and up (per lYfCHAts request) Time Period: FNBR uses the County's recording date as our stL1ndard. The statistics provided for this study is the twelve month period of: . May, 2005 through April} 2006 (per MCHAts request) Documents Tracked: Of the documents that are recorded at the Clerk of the Circuit Court's office, FNBR uses the following types: · Warranty Deeds . Special Warranty Deeds . Corporate Warranty Deeds · Trustee's Deeds . Personal Representative's Deeds · Indentures . Guardianship Deeds · Deed for Florida · Certificate of Title · Deed of Conveyance . Agreement for Deed, and, . Articles of Agreement Copyright @ 2005, 2006 by FNBR Inc. All Rights Reserved. FNBR Purchase Price Study for Monroe County Housing Authority: PGge 2 of 4 www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 Ll.?o.l:\ F Rm:rh Rlvn I Tomna, FL 33617-5937 Lists I Design I Print I Mail flnl Inc. Statistics New Homes Existing Homes Geographic Area & Condos & Condos Monroe County, Florida ...' ,......, ................,....... $ 720,625 .... ................. ...... ....... $ 744,309 New Homes Existing Homes Geographic Area & Condos & Condos Monroe County t Florida...... ......... .......... .......,.. $ 600,000.......... ....... ..-.............. $ 580,000 . New Homes Existing Homes Geographic Area & Condos & Condos Monroe County, Florida.... ... .............. ........ $174,391,300........ ....... ........ $1; 823,5 5 6,814 New Homes Existing Homes Geographic Area & Condos & Condos Monroe County, Florida...............................,.............. 242...................................,....2,450 Copyright @ 200.5.. 2006 by FNBR Inc. Ali Rights Reserved. FNBR Purchase Price Study for Monroe County Huusing A uthoiity: Page 3 of-1 www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 c. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail fl Ibl Inc. Copyright & Disclaimer The above statistics cue part of a copyrighted worle Copyriqht <92005,- 2006 by FNBR Incorporated. All rights reserved. Th is information is provided for the sole use of Monroe County Housing Authority; and shall not be copied, distributed) or dissenlinated:in any form without prior written permission from FNBR Ine. FNBR Incorporated disclaims all liability whlch mny arise from the use of this information. In no event shall FNBR Incorporated or anyone else who has been involved in the creatjon.. production, tabulation or delivery of this information be linbIe for any din~ct: incidental, or (onsequentiClI domages. FNBR Incorporated mnkes no warra.nty, expressed or implied, to you or any other person or entity, Copyright @2005, 2006 by FNBR Inc. All Rights Resen'f;~d. FNBR Pu.rchase Price Study for Monroe Cou.rzty Housing Authority: Page 4 of 4 www.fnbr.comlinfo@fnbr.com phone: 800-635-2639 I fax: 813-988-8422 4205 E. Busch Blvd. I Tampa, FL 33617-5937 Lists I Design I Print I Mail MONROE COUNTY HOUSING AUTHORITY RECEIVED 2 2 20071 lVIEMORANDUM MONROE COUNTY ATTOANI;'i TO: Kathy Peters, Paralegal/Administrative Assistant Monroe County Attorney's Office FROM: Marie Brouillette, SHIP Coordinator Monroe County SHIP Program CC: J. Manuel Castillo, Sr. Executive Director Monroe County Housing Authority - SHIP Administrator DATE: February 16,2007 SUBJECT: MCHA Action Item for March 21,2007 BOCC Meeting ************************************************************************ Enclosed is the following Monroe County Housing AuthOlity action item for the March 21,2007 Board of County Commissioners' Meeting: Agenda Item ------ Approval of a Resolution of the Board of County Commissioners of Monroe County, Florida approving the Local Housing Assistance Plan (LHAP) as required by the State Housing Initiatives Partnership Program (SIDP) Act, Subsections 420.907-420.9079, Florida Statutes; and Rule Chapter 67-37, Florida Administrative Code; authorizing the submission of the Local Housing Assistance Plan for review and approval by the Florida Housing Finance Corporation; and providing an effective date.