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Item C5 LAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: July 19, 2001 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to add Sugarloaf acreage (RE #118430) to the Acquisition List as an affordable housing site. Item Background: This addition to the Acquisition List is proposed to provide buildable land for the development of affordable housing in partnership with either Habitat for Humanity of the Lower Florida Keys and Key West or the Monroe County Housing Authority. The subject property consists of 2.7 acres of mostly scarified land on US 1 across from the fire station on Lower Sugarloaf Key. The property is zoned Suburban Residential (SR) and designated Residential Low (RL) on the Future Land Use Map. Based on this zoning, the site can be developed with up to 9 units of affordable housing. 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 April 26,2001 the Advisory Committee voted 5/0 to approve adding this property to the Acquisition List. Previous Governing Board Action: None. Contract/Agreement Changes: N/A Staff Recommendation: Approval Total Cost: $ to be determined Budgeted: Yes No Cost to Land Authority: $ to be determined Approved By: Attorney ~ Executive Director Approval: OM B/Purchasing ^^\'6~h Risk Management Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #5 <( ~~ Oeo ~ u. w ~ ;;f~~ ~~ <( o C2 o ~ u. u. o U) t:= ~ li; w Of':: 3~ :::l o ~ <I Z Q: <I %: LOWER SUGARLOAF SOUND Mile Marker 17.3 Island Sugarloaf Key Property Sweeting Acreage