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Resolution 261-2013RESOLUTION NO. 261 A RESOLUTION BY THE MONROE COUNTY BOARD OF COUNTY COMMISSIONERS RESERVING FIFTY (50) AFFORDABLE HOUSING DWELLING UNIT ALLOCATIONS FOR GORMAN & COMPANY, INC. FOR USE ON PROPERTY LOCATED AT MILE MARKER 105, KEY LARGO, RE # 00084260- 000100; SETTING TERMS AND CONDITIONS. WHEREAS, Gorman & Company, Inc. (Gorman) is proposing to develop a site at (RE # 00084260- 000100) approximately MM 105 in Key Largo with fifty (50) senior affordable units; and WHEREAS, Gorman has applied for and intends to use low income housing tax credit (LIHTC) financing and other state and federal assistance to finance and construct the project and qualifies for the reservation of fifty (50) affordable housing ROGO allocations as provided in MCC Sec. 138- 24(b)(2); and WHEREAS, Monroe County Code Section 138- 24(b)(2) authorizes reservations for affordable housing ROGO allocations as follows for: "(2) Specific affordable or employee housing projects participating in a federal /state housing financial assistance or tax credit program or receiving some form of direct financial assistance from the county upon written request from the project sponsor and approved by resolution of the board of county commissioners." and WHEREAS, Monroe County Code Sec. 138 -24(b) allows the reservation of affordable ROGO allocations by the Board; however, building permits must be picked up within six months of the reservation, unless otherwise authorized by the Board; and WHEREAS, there currently exists a balance of 262 affordable housing allocations (168 allocations very low, low, & median category and 94 allocations moderate category) at the conclusion of Quarter 2 Year 21; and WHEREAS, the reservation of affordable housing allocations for the anticipated project does not exempt the project from applicable requirements in the Monroe County Land Development Code, and other regulatory requirements; and WHEREAS, final approval of the request for 50 affordable housing allocations is contingent on the approval of a Minor Conditional Use application and approval of a resolution by the Planning Commission of an affordable housing project with 20 or more units at the proposed site, pursuant to Section 130 -161, Monroe County Code; and WHEREAS, the reservation of these allocations for a period of greater than six months is necessary to correspond to the financing requirments for the federal /state financial assistance program utilized by Gorman; NOW, THEREFORE, BE IT RESOLVED BY THE MONROE COUNTY BOARD OF COUNTY COMMISSIONERS: Section 1. Fifty (50) affordable housing ROGO allocations in the very low, low, and median category are reserved for the use of Gorman & Company, Inc. and its successors in interest until July 31, 2014. Seciton 2. All building permits associated with the above allocations shall be picked up by July 31, 2014. PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular meeting held on the 17th day of September, 2013. Mayor George Neugent Yes Mayor Pro Tern Heather Carruthers y es_ Commissioner David Rice Yes Commissioner Sylvia Murphy Yes Commissioner Danny Kolhage Yes BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA BY A Nn v 4 Mayor George Neugent N 4 -n - ' Q -__ a 70 3 rn —. o o -N Q E COUNTY ATTORNEY ROVED AS TO FARM Date: