Item H5BOARD of COUNTY COM[MISSIONERS
AGENDA ITEM SUMMARY
Meeting Date. January 1 , 2013
Bulk Item-, Yes x No
Division: Growth M
gAW,ement
Department: Pl my Environmental Resources
Darent
Staff Contact Person hone ##: Tiffany tanl icwicz
-i
305 9- 51
AGENDA ITEM WORDING: Approval to clarify and extend the reservations of forty-six (46)
affordable housing allocations for the Islander Village Project located on Fifth Avenue, Stock Island
for an employee housing project.
ITEM BACKGROUND: Resolutions 273-2006 and 184- 007 previously approved by the Board of
County Commissioners reserved 89 affordable housing allocations for a project known as Islander
Village. The project has been issued 89 permits. 43 certificate of occupancy's have been issued for the
residential units, and 46 permits have expired, The Board of County Commissioners are authorized to
reserve affordable housing allocations pursuant to Monroe County Code Section 1 3 8-4(b)(4). On
October 17, 2012,, the BOCC approved a fourth amendment to the Ground Lease with Islander Village,
LLC for this same property which allows Certificate of Occupancies' to be issued until December 7,
2015 consistent with the conditional use for the project.
PREVIOUS RELEVANT BOCC ACTION:
October 171 2012 — BOCC ap roved 4 th Amendment to the Ground Lease Agreement
June 15, 2011— BOCC approved 3rd Amendment to the Ground Lease Agreement
October 21, 2009 — BOCC approved 2"dAmendment to the Ground Lease Agreement
June 17, 2009 — BOCC approved 1 Amendment to the Ground Lease Agreement
June 18, 2008 — BOCC approved Commencement Date Agreement
May 16, 2007, BOCC approved Resolution 1 4- 007 for the reservation of $9 affordable housing
allocations for Islander Village
April 18, 2007 - BOCC approved 99 year Ground Lease Agreement
July 19, 2006, BOCC approved Resolution 273-2006 for the reservation of 89 affordable housing
allocations for Islander Village
ONTl A T/A REEMENT HAN E : n/a
STAFF 1 E o NDATIONS: Approval
TOTAL COST: INDfftECT COST*
i
DIFFERENTIAL OF FOCAL PREFERENCE.
COST TO COUNTY:
REVENUE PRODUCING: Yes x No
APPROVED BY#. County Atty x
DOCUMENTATION: Included x
DISPOSITION:
BUDGETED: Yes No
SOURCE of FUNDS.
_ AMOUNT PER MONTH Year
OMB/Purchasing Risk Management
Not Requirl
AGENDA ITEM ##
Devised 7/09
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ft aesig�amo� of 46 Affordable
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to dp cmV %,U*(m bm to bamIciag jvptWom apmmxd by the housing
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oR by �emb�'wOf7�` 2015, For U �ordablo unitstkumck obUdmd, through
ft BMCI pX AMandm4mt sp ft bjmW Yill�e Lam.ease with ft County, which sgt
ft campkm*
4"ft 4�4 ofA z&
4 b$p its to *c am date. For the &*d restriatad
ft*- WO WO havc — Wdlm ii review in the
�ildit�
w ao*, Thcae rviows am ww comploft awaitfiv final
pq46mM44 Wm now go ioto Owmarket M4,� ROGO alyawmu
Tbjo Is whom we m UxJ4T, our request to the Commission tocamcid, the
t of ft 46 AffordaWc ROGO =I% to hd Village. O= twil is complete
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wo wW t* ably to m *th obWnip empleftg the
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lornes,
Wo ire PmW afw we bm �pW4sW qua for, aid look forward to the conapletion
of4W d0VQlq=an4 III fines fuU of pQapk who live end work in our cammmity.
TU@,mk you for yvw t aad offods on of Mon= county.
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IF-WOM. Vi��� �.LC
RESOLUTION NO, — 01
A RESOLUTION BY THE MONROE COUNTY
BOARD OF COUNTY COMMISSIONERS
CLAREFING AND EXTENDING THE
RESERVATION FOR FORTY-SIX 46
AFFORDABLE HOUSING DWELLING UNIT
ALLOCATIONS FOR THE ISLANDER VILLAGE
PROJECT LOCATED ON FIFTH AVENUE,
iAL NLL ' SUBDIVISION, STOCK I ALND, REAL
ESTATE NUMEBERS 001 700,000000 AND
001274OO.00000t
WHEREAS, at its meeting of July 19th, 2006, the Board of County
o ssioners (BOCC) approved Resolution 273-2006 reserving eighty-nine (89)
affordable housing allocations for the `Islander Village" project located on Filth Avenue,
Maloney Subdivision, Stock Island, RE: #001 3700.000000 and 001 7400.00000- and
WHEREAS, at its meeting of May le, 2007, the Board of County
Commissioners (BOCC) approved Resolution 184- 007 reserving eighty-nine (89)
affordable housing allocations for "Islander Village" project; and
AREAS, Islander Village entered into a 9 -year lease with Monroe County
on April 18, 2007 for property described as a parcel of land on Stock Island, being a part
of Block 59, Maloney Subdivision, as recorded in FB 1-55, Real Estate Numbers
00 47 0.000000 and 005547 0.000100 for the project; and
WHEREAS, Islander Village commenced development on the 89 employee
housing units; and
AREAS, Islander Village has received 43 certificates of occupancy out of 89
employee housing units; and
WHEREAS, 46 of the 89 building permits have expired and the applicant needs
the allocation awards reserved to continue the project; and
WHEREAS, the First Amendment to the ground Lease was approved June 19,
00 ; and
WHEREAS, the Sind Amendment to the Ground Lease was approved October
1, 009; and
WHEREAS, the Third Amendment to the ground lease was approved June 15,
0 11; and
AREAS, the Fourth Amendment to the Ground Lease was approved October
1 1 01 which provides that he remammg certificates of occupancy will be obtained by
December , 0 1 ; and
WHEREAS, the reservation of affordable housing allocations for the anticipated
project does not exempt the project from applicable requirements for the Monroe County
Land Development Regulations, Building Code and ether regulatory requirements; and
WHEREAS, Islander Village shall obtain all required approvals from the Monroe
County Planning & Environmental. resources Department for the project; and
WHEREAS, 46 allocations are still required to complete the project;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
MMUSI NERS OF NMONR E COUNTY, FLO A:
Section 1. Forty-six (46) affordable housing allocations are reserved for Islander
Village until December 7, 2015, pursuant to Monroe County Code Section 1 8-
4)(4)+
Section 2. This resolution is retroactive to May 1, 0 0 8
PASSED AND ADOPTED by the Beard of County Commissioners of Monroe County,
Florida at a regular meeting held on the 1 th day of January, 2013.
Mayor George Neugent
Mayor Pre Tens, Heather Carruthers
Commissioner David Rice
onunissioner Danny Kolb ge
Commissioner Sylvia Murphy
(SEAL)
ATTEST: Array Heavilin, CLERK
DEPUTY CLERK
BOARD OF COUNTY COMMISSIONERS
OF MONR E COUNTY, FLORIDA
am
Mayor George Neugent
MONAdritOUNTY ATTORNEY
-4-7 A O FOBM