Item S3 S.3
G BOARD OF COUNTY COMMISSIONERS
County of Monroe Mayor Sylvia Murphy,District 5
The Florida Keys l'U � � Mayor Pro Tern Danny Kolhage,District 1
�pw° Michelle Coldiron,District 2
Heather Carruthers,District 3
David Rice,District 4
County Commission Meeting
July 17, 2019
Agenda Item Number: S.3
Agenda Item Summary #5792
BULK ITEM: Yes DEPARTMENT: County Attorney's Office
TIME APPROXIMATE: STAFF CONTACT: Bob Shillinger(305) 292-3470
N/A
AGENDA ITEM WORDING: Approval of an first amendment to option agreement to purchase
Conch Trailer Court on Conch Key for affordable housing.
ITEM BACKGROUND: The County has entered into an Option Agreement to purchase Conch
Trailer Court as an affordable housing site in response to the Board's post-Hurricane Irma direction
to acquire and redevelop trailer parks as workforce housing.
The County will be applying for Community Development Block Grant - Disaster Relief (CDBG-
DR) funding for land acquisition and development from the Florida Housing Finance Corporation
(FHFC). In order to meet the FHFC application requirements the County's Option Agreement needs
to be amended to include language specifying that the County's remedy for default on the part of the
Seller includes specific performance.
PREVIOUS RELEVANT BOCC ACTION: On January 23, 2019 the Board approved entering
into an Option Agreement to purchase the subject property.
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
STAMPED AND EXECUTED FIRST AMENDMENET TO OPTION AGREEMENT FOR THE
PURCHASE OF LANDS (JDLC, INC.)
FINANCIAL IMPACT:
Effective Date: July 17, 2019
Expiration Date: None
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S.3
Total Dollar Value of Contract: $0.00 plus estimated closing costs of$0.00
Total Cost to County: $0.00
Current Year Portion: $0.00
Budgeted: Yes
Source of Funds: 304 Funds infrastructure sales surtax
CPI: N/A
Indirect Costs: N/A
Estimated Ongoing Costs Not Included in above dollar amounts: N/A
Revenue Producing: No If yes, amount:
Grant: No
County Match: N/A
Insurance Required: N/A
Additional Details: $0.00 plus closing costs estimated to be approximately $0.00
None
07/17/19 NEW COST CENTER ADDED $0.00
REVIEWED BY:
Charles Pattison Completed 07/01/2019 4:54 PM
Bob Shillinger Completed 07/08/2019 5:43 PM
Budget and Finance Completed 07/09/2019 6:13 PM
Maria Slavik Completed 07/09/2019 9:44 PM
Kathy Peters Completed 07/09/2019 6:23 PM
Board of County Commissioners Pending 07/17/2019 9:00 AM
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FIRST AMENDMENT TO OPTION AGREEMENT FOR THE PURCHASE OF LANDS to
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THIS FIRST AMENDMENT modifies that certain Option Agreement for the Purchase of Lands
(hereinafter "Agreement") between JDLC, Inc., a New York corporation (hereinafter "Seller(s)")
and Monroe County, Florida, (hereinafter "COUNTY"), executed by the Seller(s) on January 7, 00
2019 and executed by the COUNTY on January 23, 2019. z
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The parties hereby mutually agree as follows: 0
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1. The COUNTY'S remedy for default on the part of the Seller(s) includes or is specific co
performance.
2. All other provisions of the Agreement shall remain in effect.
IN WITNESS WHEREOF, the parties have hereunto signed their names and affixed their W
respective seals.
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Seller/ JDLC, Inc., a Now York corporation
By: Jeff Olson, Pimsident z
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"Signatu Dat
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MONROE COUNTY, FLORIDA acting by and through its MAYOR, has executed this Agreement
on behalf of MONROE COUNTY, FLORIDA this day of 0
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2019.
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Buyer/COUNTY: MONROE COUNTY, FLORIDA
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KEVIN MADOK, CPA, Clerk W
By: 0co�
Deputy Clerk Sylvia J. Murphy, Mayor U-
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MONROE COUNTY ATTORt&Y
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