Loading...
Item O07 _ 0.7 County ®1 �/�O ®e 060 c��': BOARD OF COUNTY COMMISSIONERS lrl "'' Mayor Heather Carruthers,District 3 -Ile Florida Keys Mayor Pro Tern Michelle Coldiron,District 2 Craig Cates,District 1 David Rice,District 4 Sylvia J.Murphy,District 5 County Commission Meeting January 22, 2020 Agenda Item Number: 0.7 Agenda Item Summary #6451 BULK ITEM: No DEPARTMENT: Planning/Environmental Resources TIME APPROXIMATE: STAFF CONTACT: Emily Schemper(305) 289-2506 1:30 P.M. PUBLIC HEARING AGENDA ITEM WORDING: Approval of Development Agreement between Monroe County, Florida and Wreckers Cay Apartments at Stock Island, LLC. The requested agreement relates to the proposed redevelopment of mobile home parks to Two Hundred Eighty (280) deed-restricted for 99 years - affordable dwelling units (70 are proposed to be low income; 70 are proposed to be median income; and 140 are proposed to be moderate income), at a maximum net density of 40 units per buildable acre, with no structures being higher than 38 feet from grade, since the finished floors are elevated at least 3' above minimum base flood elevation with architectural features and parapet walls permitted to be up to 44' to hide mechanical equipment, and such structures may contain three (3) habitable floors. The subject property is described as three parcels of land in Section 35, Township 67, Range 25, Stock Island, Monroe County, Florida, having Parcel ID numbers 00124540-000000, 00124550-000000 and 00124560-000000 (File 92018-147) ITEM BACKGROUND: The requested development agreement involves the redevelopment of the Wrecker's Cay property as Two Hundred Eighty (280) affordable dwelling units deed-restricted for 99 years as affordable dwelling units (70 are proposed to be low income; 70 are proposed to be median income; and 140 are proposed to be moderate income). The site was formerly known as Water's Edge Colony Trailer Park (Water's Edge") at 5700 Laurel Avenue, Tropic Palms Mobile Home Park which was historically known as Rolf s Trailer Park ("Tropic Palms") at 6125 Second Street, and Woodson's Trailer Park "Woodson" at 6325 First Street, Stock Island, Florida. W_ Packet Pg. 2640 0.7 Subject Property with Land Use District Overlaid(Aerial dated 2018) The proposed development agreement includes the redevelopment of properties collectively known as "Wrecker's Cay,": • involving 280 affordable dwelling units arranged throughout eight buildings, with a pavilion,playground and pool, • 396 full size off-street parking spaces and 72 scooter/motorcycle spaces; • a maximum height for structures of 38 feet from grade, mechanical equipment and architectural features utilized to hide mechanical equipment, including parapets, may be up to 44 feet above grade, and • such structures may contain three (3)habitable floors; and • the transfer of 80 market rate TREs and 18 transient TREs off site; and • reservation of 280 affordable housing allocations (70 for low income; 70 for median income; 140 for moderate income. The proposed development Agreement is consistent with proposed Policy 111.1.1, which was transmitted to the State (DEO) for review in August 2019, and is scheduled for a public hearing for BOCC adoption on January 22, 2020. If approved, the proposed development agreement would: • Provide a duration of 10 years to complete the project. • A maximum of Two Hundred Eighty (280) deed-restricted affordable employee housing dwelling units in the following income categories: o One Hundred Forty (140) moderate income units o Seventy (70) median income units; and o Seventy (70)low income units. • Allow a maximum height for structures of 38 feet from grade, mechanical equipment and architectural features utilized to hide mechanical equipment, including parapets, may be up to 44 feet above grade. • Outline required County development permits including a major conditional use permit, ROGO allocation awards, and building permits. • Allow for a parking requirement of 1 parking space per 1-bedroom unit; 2 spaces per 2- bedroom unit; and 3 spaces per 3-bedroom unit. • Allow the transfer of 80 market rate TREs to site(s) within Stock Island regardless of zoning category, and the transfer of 18 transient TREs and six hundred seventy-two (672) square feet of Nonresidential Rate of Growth Ordinance ("NROGO") exempt floor area to eligible receiver sites per Monroe County Code Section 138-22 and 138-50. • Provide the reservation or dedication of land to Monroe County for a shoreside access facility open to the public. • Specify that preliminary traffic concurrency shows the proposed development to be within 5% of the adopted LOS C, and that mitigation for impacts will be required prior to commencement of construction. The Planning Commission reviewed the proposed development agreement on December 18, 2019 conducting a public hearing to review and consider a request filed by Barton Smith, on behalf of Wreckers Cay Apartments at Stock Island, LLC. Packet Pg. 2598 0.7 The Planning Commission voted to approve with the following recommendations: • No structures will be higher than 38 feet from grade, mechanical equipment and architectural features utilized to hide mechanical equipment, including parapets, may be up to 44 feet above grade, and such structures may contain three (3)habitable floors. • The distribution of affordable allocations to be included in the development agreement in the income limit distribution of 40 Moderate, 120 Median, and 120 Low. This is different from what the applicant has requested. The development agreement has several companion items submitted by the Applicant, which are also scheduled for approval by the BOCC at the January 22, 2020 meeting: 1. A Comprehensive Plan text amendment to Policy 101.5.25 to allow for a density bonus for site-specific policies, and creating Goal 111 and Objective 111.1 to incentivize affordable housing on Stock Island, creating Policy 111.1.1 Stock Island Workforce Subarea 1; establishing the boundary of the Stock Island Workforce Subarea 1; limiting the permitted uses of the subarea to deed restricted affordable housing dwelling units; establishing the maximum net density for affordable housing, height and off-street parking requirements in the subarea; and eliminating allocated density and floor area ratio for the properties; 2. A Land Use District (Zoning) map amendment for the Property from Urban Residential Mobile Home (URM) to Urban Residential (UR) for a portion of the Property; 3. A text amendment to the Land Development Code Section 130-157 to allow for increased max net density for properties with UR zoning districts, within Stock Island that apply for and receive a site specific subarea policy as established in the Comprehensive Plan; 4. A right-of-way abandonment for a portion of Laurel Avenue; 5. A right-of-way abandonment for a portion of Maloney/I" Street; and 6. A ROGO reservation request for 280 affordable allocations. The County cannot enter into the agreement until the proposed Comprehensive Plan, Land Development Code, Map Amendment and ROW abandonments have become effective. Once the development agreement is approved by the BOCC, the project will require a Major Conditional Use Permit, which has not been submitted to Planning and Environmental Resources at this time. PREVIOUS RELEVANT BOCC ACTION: At a regularly scheduled meeting of the BOCC on August 21, 2019, a public hearing was held regarding transmittal of an ordinance amending Comprehensive Plan Policy 101.5.25, creating Goal 111, with objectives and policies. The BOCC approved transmittal of the proposed ordinance to the State of Florida Department of Economic Opportunity (DEO). The proposed amendment is attached as Exhibit A. CONTRACT/AGREEMENT CHANGES: Packet Pg. 2599 0.7 n/a STAFF RECOMMENDATION: Staff recommends approval of the proposed Development Agreement pending approval and effectiveness of the associated Comprehensive Plan Subarea policy text amendment, LDC text amendment, LUD map amendment, Laurel Ave ROW abandonment, and MacDonald/1st Street ROW abandonment. DOCUMENTATION: 2018-147 BOCC Reso Draft 2018-147 SR BOCC Exhibit A - corresponding Subarea Policy Ordinance_DRAFT_8.21.19 - TRANSMITTAL Exhibit B - Wrecker's Cay Dev Agr vl l with staff edits - strikethrough underline REV 1-14-2020 Exhibit B - Wrecker's Cay Dev Agr vl l with staff edits - clean - REVISED 1-14-2020 Development Agreement Exhibits Traffic_Study_Dec20l9 with_AECOM_comments FINANCIAL IMPACT: Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: If yes, amount: Grant: County Match: Insurance Required: N/A Additional Details: REVIEWED BY: Emily Schemper Completed 01/06/2020 2:52 PM Steve Williams Completed 01/06/2020 3:54 PM Maureen Proffitt Completed 01/06/2020 4:38 PM Assistant County Administrator Christine Hurley Completed 01/07/2020 11:19 PM Packet Pg. 2600 0.7 Budget and Finance Completed 01/08/2020 8:07 AM Maria Slavik Completed 01/08/2020 8:49 AM Kathy Peters Completed 01/08/2020 10:41 AM Board of County Commissioners Pending 01/22/2020 9:00 AM Packet Pg. 2601 0.7.a MONROE COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS RESOLUTION NO. - 2020 A RESOLUTION BY THE IVIONROE COUNTY BOARD OF COUNTY COMMISSIONERS APPROVING A DEVELOPMENT AGREEMENT BETWEEN MONROE COUNTY, FLORIDA AND WRECKERS CA"Y APARTMENTS A.T STOCK ISLAND, � LLC. THE REQUESTED AGREEMENT RELATES TO THE � PROPOSED REDEVELOPMENT OF MOBILE HOME PARKS UP TO TWO HUNDRED EIGHT (280) DEED-RESTRICTED AFFORDABLE DWELLING UNITS, AT A DENSITY OF 40 � UNITS PER BUILDABLE ACRE, NO STRUCTURES WILL BE 0. HIGHER THAN 38 FEET FROM GRADE, MECHANICAL EQUIPMENT AND ARCHITECTURAL FEATURES UTILIZED � TO HIDE MECHANICAL EQUIPMENT, INCLUDING � PARAPETS, MAY BE UP TO 44 FEET ABOVE GRADE, AND SUCH STRUCTURES MAY CONTAIN THREE (3) 0 HABITABLE FLOORS. THE SUBJECT PROPERTY IS 0 DESCRIBED AS A THREE PARCELS OF LAND IN SECTION 2 35, TOWNSHIP 67, RANGE 25, STOCK :ISLAND, 1'vIONROE COUNT, FLORIDA, HAVING PARCEL ID NUMBERS 00 124540-0000�, 00 124550-000000 AND 001.24560-000000. (FILE 2015-191) WHEREAS, during a regularly scheduled public naeet.ing held. on. January 20, 2020 the � Board of County Commissioners conducted a public hearing to review and consider a request Barton Smith, on behalf of"Wreckers Cay Apartments at Stock Island, LLC, for a Development 00 Agreement in accordance with Chapter 11.0, Article V, Sections 110-1.32 and I 1.0-133 of the cv Monroe County Land Development Code (LDC) and Florida Statutes Sections 1.63.3220 et. seq., the "Florida Local Government Development Agreement Act"; and � WHEREAS, the subject property is located at 5700 Laurel Avenge, 6125 Second Street, 6325 First Street, Stock.Island, mile marker 5 (Atlantic Ocean side of US 1), and is described as a three parcels of land in Section 35,Township 67,Range 2.5, Stock Island,Monroe County,Florida, having Parcel ID Numbers 00 1 24540-0000, 00124550-000000 and 00124560-000000, and WHEREAS, during a irregularly scheduled public meeting held on November 18, 2019 the Development Review Committee (DRC) of Monroe County conducted a review and consideration of a request filed by Barton. Smith, on behalf of Wreckers Cay Apartments at Stock Island, LLC, for a Development Agreement in accordance with Chapter 110, Article V, Sections 1.1.0-132 and 1.1.0-133 of the Monroe County Land. Development Code (LDC) and Florida Statutes Sections. 163.3220 et. seq., the "Florida Local Government Development Agreement Act", and Resolution -2020 Pau 1 cal`3 File 2018-147 Packet Pg. 2602 0.7.a WHEREAS, during a regularly scheduled public meeting held on December 18, 2019 the Planning Commission of Monroe County conducted a public hearing to review and consider a request of a request filed by Barton Smith, on behalf of Wreckers Cay Apartments at Stock Island, LLC, for a Development Agreement in accordance with Chapter 110,Article V, Sections 110-132 and 110-133 of the Monroe County Land Development Code (LDC) and Florida Statutes Sections 163.3220 et. seq., the "Florida Local Government Development Agreement Act"; and WHEREAS, the development agreement relates to the redevelopment of the Wrecker's Cay Property up to Two Hundred Eighty (280) deed-restricted affordable dwelling units at a density of 40 units per buildable acre. No structures higher than 38 feet from grade, mechanical with the exception of equipment and architectural features utilized to hide mechanical equipment, including parapets, may be up to 44 feet above grade, and such structures may contain three (3) habitable floors.; and WHEREAS, based upon the information and documentation submitted, the Board of County Commissioners makes the following Findings of Fact: 1. The subject property is located in the Urban Residential (UR) land use district; 2. The subject property has a Future Land Use Map (FLUM) designation of Residential 0. High (RH); 3. The subject property has a tier designation of Tier III; �s U) 4. In 2020, WRECKERS CAY APARTMENTS AT STOCK ISLAND, LLC amended a� the Monroe County 2030 Comprehensive Plan amending Comprehensive Plan Policy 101.5.25 to allow for a density bonus for site-specific policies, creating Goal 111 and Objective 111.1 to incentivize affordable housing on Stock Island, creating Policy 111.1.1 Stock Island Workforce Subarea 1; establishing the boundary of the Stock Island Workforce Subarea 1; limiting the permitted uses of the subarea to deed restricted affordable housing dwelling units; establishing the maximum net density for affordable housing, height and off-street parking requirements in the subarea; and eliminating allocated density and floor area ratio U 5. In 2020, WRECKERS CAY APARTMENTS AT STOCK ISLAND, LLC amended the Land Use District Map from Urban Residential Mobile Home (URM) to Urban Residential (UR); C14 6. Florida Statutes §163.3220 authorizes Monroe County to enter into development E agreements with landowners and/or governmental agencies to encourage a stronger commitment to comprehensive and capital facilities planning, ensure the provision of adequate public facilities for development, encourage the efficient use of resources, and reduce the economic cost of development. WHEREAS, based upon the information and documentation submitted, the Board of County Commissioners makes the following Conclusions of Law: 1. The request is consistent with the provisions and intent of the Monroe County Land Development Code; 2. The request is consistent with the provisions and intent of the Monroe County 2030 Comprehensive Plan; Resolution -2020 File#2018-147 Page 2 of 3 Packet Pg. 2603 3. The request is consistent with the Principles for Guiding Development in the Florida Keys Area of Critical State Concern; 4. The Agreement, among other things, is intended to and shall constitute a development ,agreement among the Parties pursuant to the Florida Local Government Development Agreement Act, Section 163.3223, et seq., Florida Statutes. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA that the preceding Findings of Fact and Conclusions of Law support its decision to APPROVE the proposed Development Agreement between Monroe County and Wreckers Cay Apartments at Stock Island, LLC. E PASSED AND ADOPTED Icy the Board of County Commissioners of Monroe County, Florida at a regular meeting held on the day of 2020� Mayor Heather Carruthers E Mayor pro terry Michelle Coldiron 0. .2 4) Commi ssioner Craig Cates > Commissioner Sylvia Murphy Commissioner David Rice By_ Mayor Heather Carruthers 0 (SEAL) U) ATTEST: KEVIN MADOK, CLERK 0 DEPUTY CLERK MON #77009TV�AT 00 C14 AS TV ATT00kNgy ReSOWLion -2020 File#2018-147 Page 3 0l'3 I Packet Pg. 2604 0.7.b 18 23 r � c �yee MEMORANDUM MONROE COUNTY PLANNING&ENVIRONMENTAL RESOURCES DEPARTMENT To: Monroe County Board of County Commissioners Through: Emily Schemper, AICP, CFM, Senior Director of Planning & Environmental Resources From: Brad Stein, AICP, Planning and Development Review Manager m Date: January 3, 2020 E m Subject: Request for a Development Agreement between Monroe County, Florida and a Wreckers Cay Apartments at Stock Island, LLC. The requested agreement relates to the proposed redevelopment of mobile home parks to Two Hundred Eighty(280) E deed-restricted affordable dwelling units, at a density of 40 units per buildable c acre. No structures will be higher than 38 feet from grade, mechanical equipment and architectural features utilized to hide mechanical equipment, including o parapets, may be up to 44 feet above grade, and such structures may contain three (3) habitable floors. The subject property is described as three parcels of land in v Section 35, Township 67, Range 25, Stock Island, Monroe County, Florida, having Parcel ID numbers 00124540-000000, 00124550-000000 and 00124560-000000 (File 92018-147) ; Meeting: January 22. 2020 r 2 I REQUEST: .2 3 The requested development agreement involves the redevelopment of the Wrecker's Cay 4 Property as Two Hundred Eighty(280) deed-restricted affordable dwelling units. The site was 5 formerly known as Water's Edge Colony Trailer Park(Water's Edge") at 5700 Laurel Avenue, 6 Tropic Palms Mobile Home Park which was historically known as Rolf s Trailer Park("Tropic m 7 Palms") at 6125 Second Street, and Woodson's Trailer Park("Woodson") at 6325 First Street, U) 8 Stock Island, Florida. I- r co r O N W E V yy �. V a" 5 OR 9 10 Subject Property with Land Use District Overlaid (Aerial dated 2018) BOCC Staff Report File#2018-147 Wreckers Cay Development Agreement pa Packet Pg. 2648 0.7.b I The conceptual site plan attached to the development agreement indicates the proposed 2 development would include 280 affordable housing units arranged throughout eight buildings, 3 with a pavilion, playground and pool, 396 full size off-street parking spaces and 72 4 scooter/motorcycle spaces. 5 6 II BACKGROUND INFORMATION: 7 8 Address: 5700 Laurel Avenue, 6125 Second Street, 6325 First Street, Stock Island, mile 9 marker 5 (Atlantic Ocean side of US 1) 10 Legal Description: The subject property is described as a three parcels of land in Section 35 11 Township 67, Range 25, Stock Island, Monroe County, Florida E 12 Parcel ID Numbers: 00124540-0000, 00124550-000000 and 00124560-000000 2s 13 Property Owner/Applicant: Wreckers Cay Apartments at Stock Island, LLC 14 Agent: Bart Smith 15 Size of Site: 7.76 acres of upland prior to road abandonments, 9.1 acres estimated after 0 16 proposed road abandonments. 17 Land Use District: Urban Residential (UR) and Urban Residential Mobile Home (URM) 18 Future Land Use Map (FLUM) Designation: Residential High (RH) �s U) 19 Tier Designation: IH Infill Area 0 20 Existing Use: Mobile home park with mobile homes and recreational vehicles. 21 Existing Vegetation / Habitat: Predominately developed and scarified, with mangroves 22 fringe along water to the east 23 Community Character of Immediate Vicinity: The property is surrounded with a mix of 24 uses including a marina, commercial retail,recreational vehicle park, and residential dwellings 25 Flood Zone: AE 9 and AE 10 26 27 HI RELEVANT PRIOR COUNTY ACTIONS: 28 cas 29 At a regularly scheduled meeting of the BOCC on August 21, 2019, a public hearing was held 30 regarding transmittal of an ordinance amending Comprehensive Plan Policy 101.5.25 to allow 00 31 for a density bonus for site-specific policies, creating Goal 111 and Objective 111.1 to Q 32 incentivize affordable housing on Stock Island, creating Policy 111.1.1 Stock Island N 33 Workforce Subarea 1; establishing the boundary of the Stock Island Workforce Subarea 1; 34 limiting the permitted uses of the subarea to deed restricted affordable housing dwelling units; 35 establishing the maximum net density for affordable housing, height and off-street parking 36 requirements in the subarea; and eliminating allocated density and floor area ratio for 37 properties located at 6325 First Street, 6125 Second Street and 5700 Laurel Avenue on Stock 38 Island as proposed by Wreckers Cay Apartments at Stock Island, LLC. The BOCC approved 39 transmittal of the proposed ordinance to the State of Florida Department of Economic 40 Opportunity (DEO). The proposed amendment is attached as Exhibit A. 41 42 On December 18, 2019 the Planning Commission of Monroe County conducted a public 43 hearing to review and consider a request of a request filed by Barton Smith, on behalf of 44 Wreckers Cay Apartments at Stock Island, LLC. BOCC Staff Report File 4 2018-147 Wreckers Cay Development Agreement Pa Packet Pg. 2606 0.7.b I The Planning Commission voted to approve with the recommendation of the following: 2 3 • No structures will be higher than 38 feet from grade, mechanical equipment 4 and architectural features utilized to hide mechanical equipment, including 5 parapets,may be up to 44 feet above grade, and such structures may contain 6 three (3)habitable floors. 7 • The affordable allocations to be included in the Development Agreement in 8 the income distribution of 40 Moderate, 120 Median, and 120 Low 9 10 IV REVIEW OF APPLICATION: 11 E 12 The review of development agreements is set forth in Chapter 110, Article V, Sections 110- 2 13 132 and 110-133 of the Monroe County Land Development Code (LDC). The BOCC has 14 authority to enter into a development agreement by resolution with any person having a legal 15 or equitable interest in real property located within the unincorporated areas of the county if, EE 16 the development agreement meets all of the requirements of the Florida Local Government 2 17 Development Agreement Act, F.S. §§ 163.3220163.3243; provided, however, that the 18 duration of the development agreement shall not exceed ten (10) years, and any duration 19 specified in a development agreement shall supersede any conflicting duration otherwise 20 specified in the Land Development Code. U) 21 22 Pursuant to LDC Section 110-133(b)(1), Requirements of a development agreement, a 23 development agreement shall include the following: 24 25 a) A legal description of the land subject to the agreement, and the names of its legal and 26 equitable owners: 27 28 In the agreement, a full legal description is provided in Exhibit 2, 6, 10 and 14. Ownership 29 is described on page 1. In addition, warranty deeds and quitclaim deed were supplied 0 30 showing ownership by Wreckers Cay Apartments at Stock Island, LLC of the property. 31 32 b) The duration of the agreement: 33 00 34 The duration is described in the agreement is in Section III. Agreement Requirements, C. 35 Duration of Agreement. The proposed duration is to remain in effect for ten (10) years 36 from the "Effective Date" as defined herein, and may be extended by mutual consent of E 37 the Parties and approval at a public hearing. 38 39 c) The development uses permitted on the land, including population densities, and building 40 intensities and height: 41 42 The development uses permitted are described in the agreement in Section III. D.Permitted 43 Uses. 44 45 The conceptual plan as proposed would not be consistent with the current Comprehensive 46 Plan. The Applicant has submitted a corresponding amendment to the Comprehensive Plan, BOCC Staff Report File 4 2018-147 Wreckers Cay Development Agreement Pa Packet Pg. 2607 0.7.b I creating Goal 111, Objective 111.1 and Policy 111.1.1 Stock Island Workforce Subarea 1; 2 as well as amending the density standards in Policy 101.5.25. Exhibit A to this staff report 3 includes the proposed text amendments as transmitted to DEO. 4 5 The amendment and development agreement request a density currently higher than that 6 permitted in the County's Comprehensive Plan Policy 101.5.25 (current maximum net 7 density standard is 25 dwelling units per buildable acre). The proposed text amendment to 8 the Comprehensive Plan would allow a density increase above the max net density for a 9 property within a site-specific policy subarea under Goal 111. This particular request is for 10 40 dwelling units per buildable acre for affordable housing. 11 E 12 The proposal also requests allowing three (3) habitable floors within the height envelope 2 13 to 38 feet. This is inconsistent with the current regulations regarding height, but consistent 14 with the proposed Comprehensive Plan amendment. The proposed Development 15 Agreement is also requesting that buildings on the site be given an allowance of locating E 16 the mechanical equipment on the roof up to 44 feet with architectural features utilized to 0 17 hide mechanical equipment,including parapets,may be up to 44 feet above grade, and such 18 structures may contain three (3)habitable floors. This additional height above 38 feet was 19 NOT included in the corresponding text amendment as transmitted to DEO. 20 U) 21 No building intensities or maximum floor area is proposed in the draft development 22 agreement. 23 24 d) A description of public facilities that will service the development, including who shall 25 provide such facilities; the date any new facilities, if needed, will be constructed; and a 26 schedule to assure public facilities are available concurrent with the impacts of the 27 development: 28 29 A description of public facilities is stated in Section III. E. Public Facilities. 30 00 31 1. The Florida Keys Aqueduct Authority provides domestic potable water to the 32 Wrecker's Cay Property. Excluding existing development that may already be metered, 33 the Florida Keys Aqueduct Authority will individually meter each new affordable 00 Ir- 34 residential dwelling unit. In addition, the Florida Keys Aqueduct Authority will meter 35 accessory development accordingly. 36 a 37 2. Keys Energy Services provides electric service to the Wrecker's Cay Property. Keys 38 Energy Services will individually meter each new affordable residential dwelling unit. 39 In addition, Keys Energy Services will meter accessory development accordingly. 40 41 3. Solid waste service is provided to the Wrecker's Cay Property by a solid waste 42 collection system franchised by Monroe County. 43 44 4. The Wrecker's Cay Property is connected to central sewer via KW Resort Utilities 45 Corp.'s system 46 BOCC Staff Report File 4 2018-147 Wreckers Cay Development Agreement Pa Packet Pg. 2608 0.7.b I e) A description of any reservation or dedication of land for public purposes: 2 3 There is a reservation or dedication of land for public purpose. This is stated in in Section 4 III. F. Reservation or Dedication of Land. 5 6 This reservation is to allow for the use of a shoreside access facility for a proposed mooring 7 field adjacent to the subject property. 8 9 f) A description of all local development permits approved or needed to be approved for the 10 development of the land: 11 E 12 A description of all local development permits approved or needed to be approved for the 2 13 development of the land is stated in Section III. G. J.& K. of the development agreement. 14 This addresses the transfer of the existing eighty (80) market-rate ROGO exemptions and 15 eighteen (18) transient ROGO exemptions. E 16 2 17 Section III.K. Requires the developer to provide a complete submittal for approval of 18 a conditional use permit, as required by the LDC, and is determined to be in 19 compliance. 20 U) 21 "K. Site Plan Approval: The conceptual site plan is attached as Exhibit 17. 22 The development shall be consistent with all applicable codes,including but 23 not limited to the Monroe County Comprehensive Plan and Monroe County 24 Land Development Code. Following a review of compliance with such 25 codes, the final site plan must be approved by the Monroe County Planning 26 Commission as a major conditional use permit. The Planning Commission 27 has final authority over the site plan and the site plan may be amended by 28 the Planning Commission." 29 30 g) A finding that the development permitted or proposed is consistent with the local oho 31 government's comprehensive plan and land development regulations: 32 33 A finding of consistency is stated in Section III.L. Finding of Consistency. It has not been 00 34 determined that the County's comprehensive plan and land development regulations are 35 consistent with the development agreement until all approvals of the corresponding text 36 amendments and map amendments have been completed. As noted throughout this 37 memorandum, the proposed development is currently not consistent with the 2030 38 Comprehensive Plan and Land Development Code, but may be, pending adoption 39 and effectiveness of the proposed associated text and map amendments. 40 41 h) A description of any conditions,terms,restrictions, or other requirements determined to be 42 necessary by the local government for the public health, safety, or welfare of its citizens: 43 44 A description of any conditions, terms, restrictions or other requirements is not provided 45 in a single section. Such conditions,terms,restrictions and other requirements are provided 46 throughout the agreement. BOCC Staff Report File 4 2018-147 Wreckers Cay Development Agreement Pa Packet Pg. 2609 0.7.b 1 2 i) A statement indicating that the failure of the agreement to address a particular permit, 3 condition, term, or restriction shall not relieve the developer of the necessity of complying 4 with the law governing said permitting requirements, conditions, term, or restriction: 5 6 Breach, amendment, enforcement and termination of the development provisions are 7 provided in Section III. Agreement Requirements, M. Breach, Amendment, Enforcement, 8 and Termination. 9 10 11 V OTHER ISSUES: E 12 E 13 The County cannot enter into the agreement until all proposed Comprehensive Plan, Land 14 Development Code, and Map Amendments have become effective. This includes proposed 15 Land Use District (LUD) amendment from Urban Residential Mobile Home(URM) to Urban E 16 Residential (UR); the proposed amendment to LDC Section 130-157 regarding density; the 0 17 proposed amendment to Comprehensive Plan Policy 101.5.25 regarding density and the 18 addition of Comprehensive Plan Goal 111 and corresponding objectives and subarea policy. 19 20 Staff has also created tracked changes of the proposed development agreement related to minor U) 21 typos and drafting errors (Exhibit B). 22 23 24 VI RECOMMENDATION: 25 26 Staff recommends approval of the proposed Development Agreement and pending approval and 27 effectiveness of the associated Comprehensive Plan subarea policy text amendment, LDC 28 amendment, and LUD map amendment. 29 30 VIIEXHIBITS: oho 31 cas 32 ■ Exhibit A—2030 Comprehensive Plan Draft Ordinance Goal 111 —as transmitted to DEO. 33 ■ Exhibit B —DRAFT Development Agreement with staff edits tracked 00 N BOCC Staff Report File 4 2018-147 Wreckers Cay Development Agreement Pa Packet Pg. 2610 0.7.c 1 E r , 2 5F 6 C. 7 MONROE COUNTY, FLORIDA 8 MONROE COUNTY BOARD OF COUNTY COMMISSIONERS 9 ORDINANCE NO. -2020 10 11 12 AN ORDINANCE BY THE MONROE COUNTY' BOARD OF COUNTY 13 COMMISSIONERS AMENDING THE ' MONROE COUNTY 14 COMPREHENSIVE PLAN POLICY 101.5.25" TO PROVIDE A DENSITY 15 BONUS ABOVE THE MAXIMUM NET '"DENSITY FOR AFFORDABLE 16 HOUSING FOR A PROPERTY SUBJECT TO A SITE-SPECIFIC SUBAREA 17 POLICY ESTABLISHED UNDER PROPOSED GOAL 1I1 OF THE co co 18 COMPREHENSIVE PLAN; ESTABLISHING GOAL 111 AND OBJECTIVE 19 111.1 TO INCENTIVIZE AFFORDABLE HOUSING DENSITY BONUSES 20 THAT EXCEED THE 'ESTABLISHED ' MAXIMUM NET DENSITY 21 PROVIDED IN POLICY 101.5.25;,AND CREATING POLICY 111.1.1 STOCK 7 22 ISLAND WORKFORCE SUBAREA I-ESTABLISHING THE BOUNDARY OF 00 23 THE STOCK ISLAND WORKFORCE,, SUBAREA I; LIMITING THE �� 24 PERMITTED USES OF THE SUBAREA TO DEED RESTRICTED U_ 25 AFFORDABLE HOUSING DWELLING UNITS; ESTABLISHING MAXIMUM 26 NET DENSITY FOR AFFORDABLE HOUSING, HEIGHT AND OFF-STREET � 27 PARKING REQUIREMENTS IN THE SUBAREA; AND ELIMINATING � 28 ALLOCATED DENSITY AND FLOOR AREA RATIO; FOR PROPERTIES 29 LOCATED AT 5700 LAUREL AVENUE, 6325 FIRST STREET AND 6125 0i 30 SECOND STREET, STOCK ISLAND;AS PROPOSED BY SMITH/HAWKS,PL > 31 OIL BEHALF OF WRECKERS CAY APARTMENTS AT STOCK ISLAND, .2 32 LLC; PROVIDING FOR SEVERABIL,ITY; PROVIDING FOR REPEAL OF 33 CONFLICTING PROVISIONS; PROVIDING FOR TRANSMITTAL TO THE 2 34 STATE LAND PLANNING AGENCY AND THE SECRETARY OF STATE; 35 PROVIDING FOR INCLUSION IN THE MONROE COUNTY co 36 COMPREHENSIVE FLAN; PROVIDING FOR AN EFFECTIVE DATE. (File 37 42018-120) 38 39 ' 40 41 42 WHEREAS, on June 20, 2018, the Planning and Environmental Resources Department 43 received an application from Barton W. Smith of Smith Hawks PL on behalf of Wreckers Cay 44 Apartments at Stock Island, LLC (the "Applicant,") to amend the Monroe County a W 45 Comprehensive Plan text amendment to create a goal and objective to incentivize affordable a 46 housing within Stock Island, and to create a subarea policy that would provide additional E Ord -2020 Page 1 of 8 File 2018-120 Packet Pg. 2611 0.7.c I development restrictions for properties located at 6325 First Street, 6125 Second Street and 5700 2 Laurel Avenue on Stock Island (the"Property"), including a limitation that the only permitted use 3 on the property would be affordable housing and accessory uses; and 4 5 WHEREAS, the Applicant has also requested a corresponding Land Development Code 6 text amendment to allow for increased density for site specific subarea policies established under a 7 the proposed Goal; and 8 9 WHEREAS,the Applicant has also requested a corresponding Land Use District(Zoning) 10 map amendment for the Property from Urban Residential Mobile Home (URM) to Urban to 11 Residential (UR), and 12 13 WHEREAS, the Monroe County Development Review Committee (DRC) reviewed and 2 14 considered the proposed amendment at a regularly scheduled meeting held on the 25th day of June, 15 2019; and 16 17 WHEREAS, the Monroe County Planning Commission held a puklic hearing on the July 18 31, 2019, for review and recommendation of approval with changes as discussed during the z 19 hearing on the proposed Comprehensive Plan text amendment;°and e 20 21 WHEREAS, based upon the information and documentation submitted, the Planning N 22 Commission made the following Findings of Factand Conclusions of Law: 23 24 1. The proposed'amendment is consistent with the Goals, Objectives and Policies of the i 25 Monroe County Year 200 Comprehensive Plan; and 26 2. The proposed amendment is consistent with the Principles for Guiding Development 27 for the Florida Keys Area of Critical State Concern, Sec. 380.0552(7), F.S.; and E 28 3. The proposed amendment is consistent with Part II of Chapter 163,Florida Statute; and of 29 0 30 WHEREAS, the Monroe County Planning Commission adopted Resolution No. P29-19 31 recommending approval of the proposed amendment with the following changes: 2 32 33 1. Amend the proposed Policy 111.1.1 to allow a shoreside support facility associated with a 34 mooring field as an accessory use within the RH FLUM and UR Zoning District; 35 2. Amend the proposed Policy 111.1.1 to state: 0 36 a. The Eighty (80) market rate dwelling units may be transferred within Stock Island 37 upon approval of a minor conditional use following the approval of a 0 38 development agreement associated with the Wreckers Cay project. Additionally, 39 the transferred market rate units shall not be used as transient units. 40 b. The Thirty-Two (32) density rights that exceed the allocated density for the X 41 property of Forty-Eight 48 ma be transferred in Stock Island upon approval of W p p y ( ) y p pp 42 a minor conditional use, if deemed to be legally acceptable. Ord -2020 Page 2 of 8 File 2018-120 Packet Pg. 2612 0.7.c 1 3. Amend the proposed Policy 111.1.1 to rental units only. 2 as s 3 WHEREAS, at a regular meeting held on the 21 t day of August 2019, the Monroe CountyCD 4 Board of County Commissioners held a public hearing to consider the transmittal of the proposed as 5 text amendment, considered the staff report and provided for public comment and public E 6 participation in accordance with the requirements of state law and the procedures adopted for 2 as 7 public participation in the planning process; and 8 9 WHEREAS, at the August 21, 2019, public hearing, the BOCC adopted Resolution U 10 -2019, transmitting the proposed text amendment to the State Land Planning Agency; 11 and 2 12 13 WHEREAS, the State Land Planning Agency reviewed the amendment and issued an 14 Objections, Recommendations and Comments"(CRC)report on 15 received by the County on ; and z 16 9 17 WHEREAS, the ORC report -; and 18 19 WHEREAS, the County has 11 days from the date of receipt of the ORC to adopt the 20 proposed amendment, adopt the amendment with changes or not adopt the amendment; and Go 21 U_ 22 WHEREAS,at a regularly scheduled meeting,on the", th day of ,20 ,the BOCC 23 held a public hearing to consider adoption of the proposed Comprehensive Plan text amendment; 24 25 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COUNTY E 26 COMMISSIONERS°OF MONROE COUNTY,FLORIDA: 27 " 0 28 Section 1.� The text of the Monroe County Comprehensive Plan is hereby amended as follows 29 (Deletions are shown stt:i e tl„:ett mot,; additions are shown underlined): 2 30 31 Policy 101.5.25 32 Monroe County hereby adopts the following density and intensity standards for the future 33 land use categories, which are shown on the FLUM and described in Policies 101.5.1 0 34 101.5.20. [F.S. § 163.3177(6)(a)l.] U) 0 Future Land Use Densities and Intensities e Residential Nonresidential Minimum _2Future Land Use Open Category and Space Ratio X Corresponding Allocated Maximum Net Maximum (�) W Zoning Density(a) Density(a>(e> Intensity r_ (per upland acre) (per buildable acre) E �s Ord -2020 Page 3 of 8 File 2018-120 Packet Pg. 2613 O.7.c (floor area E ratio) CL 0 as Residential High(RH) 6 du(UR) 12-25 du(UR) > (IS-D G),URM,URM- Idu/lot(URM, N/A(IS-D,URM, L and UR zoning) URM-L) URM-L) 0 0.20 2 du/lot(IS-D) to 0-20 rooms/spaces qy 0-10 rooms/spaces �s as Notes: ^� (a) The allocated densities for submerged lands,salt ponds,,freshwater ponds,and mangroves shall be 0 and the maximum net density bonuses shall not be available. (b) The Maximum Net Density is the maximum density allowable with the use of TDRs,or for qualifying affordable housing development.TDRs can be utilized to attain the density between the allocated density standard up to the I® maximum net density standard.Deed restricted affordable dwelling units may be built up to the maximum net density without the use of TDRs. "N/A"means that maximum net density bonuses shall not be available.Buildable acres means the portion of a parcel of land that is developable'andis not required open space. 04 (c) Additional open space requirements may apply based on'environmental protection criteria;in these cases,the most restrictive requirement shall apply. (d) Future land use categories of AgricUlture/Aquaculture,Education,Institutional,Preservation,Public (I Buildings/Lands,and Public Facilities,which have no directly corresponding zoning,may be used with new or existing � zoning districts as appropriate. (e) Within the Mainland Native fixture land use district,campground spaces and nonresidential buildings shall only be permitted for educational,research or sanitary purposes.' 0 (f) For properties consisting of hammocks,pinelands or disturbed wetlands within the Mixed Use/Commercial and CL Mixed Use/Commercial Fishing future land use'Categories,the maximum floor area ratio shall be 0.10 and the maximum net density bonuses shall not be available. (g) A mixture of uses shall be maintained for parcels designated as MI zoning district that are within the MC future land use category.Working,waterfront and water dependent uses,such as marina,fish house/market,boat repair,boat building,boat storage,or other similar uses,shall comprise a minimum of 35%of the upland area of the property, adjacent to the shoreline,pursuant to Policy 101.5.6. 0. U) (D L- (h) In the RV zoning district,commercial apartments shall be allowed,not to exceed 10%of total spaces allowed or in L- existence on the site,whichever is less. U e (i) The allocated density for the CFSD-20 zoning district(Little Torch Key)shall be 1 dwelling unit per acre,or 1 dwelling unit per parcel for those parcels existing as of September 15, 1986,whichever is less,and the maximum net density bonuses shall not be available.Residential density shall be allowed in addition to the permitted nonresidential X W uses and intensity(i.e.,density and intensity shall not be counted cumulatively). (D E �s Ord -2020 Page 4 of 8 File 2018-120 Packet Pg. 2614 O.7.c (j) Within IS subdivisions with primarily single family residential units,IS-D zoning may be used with a RM future E land use designation for platted lots which have a duplex that was lawfully established prior to September 15, 1986. qs E (k) The maximum net density shall be 25 du/buildable acre for the UR zoning district and shall be 18 du/buildable acre for the MU and SC zoning district for development where all units are deed restricted affordable dwelling units.For the UR zoning district market rate housing may be developed as part of an affordable or employee housing project with a E maximum net density not exceeding 18 du/buildable acre. 0 (D (1) Vessels,including live-aboard vessels,or associated wet slips are not considered dwelling units and do not count when calculating density. (in) Within the Residential Low future land use category,the maximum net density for platted lots of less than 0.40 L_ gross acres within the SR zoning district shall be 1 dwelling unit per platted°lot,provided all of the following conditions -119 are met: U qs (n)Density increase above the max net density provided may permitted for a property within a site- specific policy subarea under Goal 111. < 1) The parcel must be one full platted lot shown on a plat approved by the County and duly recorded prior to January 2, 1996; Z 2) The platted lot may not be identified for any other use or purpose on the plat(e.g.,"park,""common area,"etc.); �a 3) The platted lot must have a Tier designation of Fier 111;, 04 04 I 4) Notwithstanding Policy 101.13.2,the maximum net density may only be reached with the transfer of one(1)full TDR to the SR lot,regardless ofthesize of the lot and the allbeated,density assigned to it; I 5) The TDR must meet all requirements,and procedures specified in Policy 101.13.3 and Section 130-160 of the Land Development Code; 6) TDRs udder this provision may not be transferred into noise zones of 65 DNL or greater;and I 7). The subject parcel must comply with Policy 301.2.5 regarding legal access. 0 1CL qs 2 3 Goal 111 co 4 Monroe County shall manage future growth to enhance the duality of life and safety of County 5 residents, and Prioritize the provision of affordable housing that is safe, code compliant, and 6 resilient. To incentivize the suply of affordable housing near employment centers,the County C 7 shall provide for the development of site-specific land use mechanisms, limited to density (D 0 8 increases up to a maximum of 40 affordable dwelling units per buildable acre, transfer of e 9 ROGO exemptions within the Lower Keys, modification to height, and alternate off-street 10 parking requirements, to augment the development potential to address the inadequate 11 availability of affordable housing in the Lower Keys. This Goal shall only be available to W 12 properties within the Residential High (RH)Future Land Use Map (FLUM) category on Stock r_ as 13 Island, as established through a site specific subarea polio E Ord -2020 Page 5 of 8 File 2018-120 Packet Pg. 2615 0.7.E 1 E 2 Obiective 111.1 as 2s 3 Monroe County shall create site-specific subareas located in Stock Island which Provide 4 density increases U to a maximum of 40 affordable dwelling units per buildable acre for C as 5 developing affordable housing in suitable areas located in close proximity to an employment E 6 center(Key West). Such site specific subareas may facilitate the transfer-of ROGO-exemptions 2 as 7 (TREs), may vary off-street parking requirements, and may allow for up to three (3) stories 8 within the building _height envelope. All site-specific area located on Stock Island shall require envelope. All site-specific area located on Stock Island shall require 9 a Policy defining the development restrictions and allowances for the site. to U) 10 as 11 Policy 111.1.1 Stock Island Workforce SubaArea 1 2 12 13 Development of affordable housing in the Stock Island Workforce Subarea 1 shall be subject 14 to regulations applicable to the Residential High (RH) Future Land,Use Designation except as 15 provided below: _ z 16 17 1. Notwithstanding the density standards set forth in Policy 101.5.25, theMaximum Net w 18 Density of the Stock Island Workforce,Subarea 1 shall be 40 dwelling units per buildable per buildable 19 acre for property within the VR zoning, district and shall not require transferable 06 20 development rights. U_ 21 2. There shall be no allocated or maximum net density standard available for market rate 22 dwelling units or transient units. Di 23 3. The maximum floor area ratio�(FAR)for all nonresidential uses within the subarea shall be C 24 zero. A shoxeside support facility associated with a mooring field may be permitted as an C 25 ac cssgry use associated with the Wreckers Cav project within the RH FLUM and UR E 0 26 Zoning District. i 27 4. The Eighty (80) market rate,dwelling units may be transferred within Stock Island upon 28 app oval of a minor conditional use following_ the he approval of a development agreement 29 associated with the Wreckers Cav project. No certificates of occupancy shall be issued on 30 the eighty (80) market rate dwelling units until the 279 affordable dwelling units receive 31 certificates of occupancy. The eighty (80) market rate dwelling units transferred off-site 32 cannot pull permits until the 279 affordable dwelling units are issued building permits and 33 complete footer inspections. 34 4. Buildings that are elevated-to three (3) feet above base flood may be developed with three 0 35 (3)habitable floors. 36 5. Parking requirements may be varied in the Development Agreement as aproved by the 0 37 Board of County Commissioners. 38 6. Nonresidential uses shall be prohibited. Accessory uses to the residential development, 39 such as a club house or recreational facilities, are permitted. A shoreside suport facility x 40 associated with a mooring field may be permitted as an accessory use associated with the 41 Wreckers Cay_project within the RH FLUM and UR Zoning District. Ord -2020 Page 6 of 8 File 2018-120 Packet Pg. 2616 0.7.E 1 7. All new residential units developed within the Stock Island Workforce Subarea 1 shall be 2 subject to the ROGO permit allocation system. 2 3 8. The protest procedures set forth within Sec. 102-158(d)(8) are applicable to applications 4 submitted under this Policy 111.1.1. as 5 9. A development agreement shall be required for any proposeddevelopment of an affordable E 6 housing project within the Stock Island Workforce Subarea 1 to define the income category 2 as 7 distribution for the proposed development. 8 10. All new affordable units developed within the Stock Island Workforce Subarea 1 shall 9 require occupants to derive at least seventy percent(70%n) of their household income from U 10 gainful employment in Monroe County_ 11 11. The boundary for the Stock Island Workforce Subarea 1 is legally described as: <provide 2 12 full legal description of the subarea> 13 14 <insrt map> 15 16 12. The affordable units shall be rental units gn 17 18 19 20 Section 2. Severability. If any section; ,subsection, sentence, clause, item, change, or Go 21 provision of this ordinance is held invalid,the remainder of this ordinance shall not U-� 22 be affected,by such validity. 23 24 Section 3. Repeal of Inconsistent Provisions. All ordinances or parts of ordinances in 25 conflict with this ordinance are hereby repealed to the extent of said conflict. 26 E 27 Section 4., Transmittal. This ordinance shall be transmitted by the Director of Planning to the 1 28 State Land,Planning Agency pursuant to Chapter 163 and 380, Florida Statutes. 29 30 Section 5. Filin2 and Effective Date.`This ordinance shall be filed in the Office of the 31 Secretary of the State of Florida but shall not become effective until a notice is 32 issued by the State Land Planning Agency or Administration Commission finding U) 33 the amendment in, compliance with Chapter 163, Florida Statutes and after any 34 applicable challenges have been resolved. 0 35 U) 36 Section 6. Inclusion in the Comprehensive Plan. The text amendment shall be incorporated 37 in the Monroe County Comprehensive Plan. The numbering of the foregoing 0 38 amendment may be renumbered to conform to the numbering in the Monroe County 39 Comprehensive Plan. °g 40 w 41 as 42 E Ord -2020 Page 7 of 8 File 2018-120 Packet Pg. 2617 0.7.c I PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, 2 at a regular meeting held on the day of 3 4 Mayor Sylvia Murphy, District 5 5 Mayor Pro Tem Danny L. Kolhage, District 1 6 Commissioner Michelle Coldiron, District 2 a 7 Commissioner Heather Carruthers, District 3 8 Commissioner David Rice, District 4 9 10 BOARD OF COUNTY COMMISSIONERS 11 OF MONROE COUNTY, FLORIDA 12 as 13 BY 2 14 Mayor Sylvia Murphy 15 (SEAL) 16 17 ATTEST: KEVIN MADOK, CLERK co 18 z 19 20 DEPUTY CLERK 7 04 co as i i a as e YS qb E Ord -2020 Page 8 of 8 File 2018-120 Packet Pg. 2618 U) 2 3 DEVELOPMENT AGREEMENT 4 5 THIS DEVELOPMENT AGREEMENT ("Agreement") is entered into on the day 6 of 2020, by and between Monroe County, Florida, a Political 7 Subdivision of the State of Florida ("Monroe County"), Wrecker's Cay Apartments at Stock 8 Island,LLC, a Florida limited liability company ("Wrecker's Cay") (jnLlividually,,t Party." and ............ 9 collectively, the "Parties"), pursuant to Monroe County Comprehensive Plan Policy I 11.1.1 and 10 Sections 110-132 and 110-133 of the Monroe County, Florida, Code of Ordinances ("Monroe 11 County Code"),and the Florida Local Government Development Agreement Act, Florida Statutes 12 Sections 163.3220-163.3243 (2018), and is binding on the"Effective Date" set forth herein: 13 > W 14 ITN SST 15 16 The Parties hereby agree as follows: 17 18 1. RECITALS 19 0 20 A. This Agreement involves the redevelopment of property located at 5700 Laurel Avenue,Stock 21 Island, Florida, historically known as Water's Edge Colony Trailer Park ("Water's Edge"); 22 6125 Second Street, Stock Island, Florida, currently known as Tropic Palms Mobile Home 23 Park and historically known as Rolf s Trailer Park ("Tropic Palms"), and 6325 First Street, U) 24 Stock Island, Florida, historically known as Woodson's Trailer Park ("Woodson"). Water's U) 25 Edge,Tropic Palms,and Woodson are collectively referred to as the"Wrecker's Cay Property" 26 herein. 27 U) 28 B. This Agreement involves the redevelopment of Wrecker's Cay Property as Two Hundred 29 Eighty(280)deed-restricted affordable dwelling units. The eighty(80)market rate permanent 30 Transferrable Residential Rate of Growth Ordinance Exemptions("TREs")associated with the > 31 Wrecker's Cay Property, as well as the eighteen (18) transient TREs associated with the 32 Wrecker's Cay Property and six hundred seventy-two(672)square feet of Nonresidential Rate 33 of Growth Ordinance ("NROGO") exempt floor area associated with the Wrecker's Cay 34 Property shall be available for transfer to an eligible receiver site(s) as specified in this 35 Agreement and per the Land Development Code and Comprehensive Plan. 36 37 C. All Parties have the authority to enter into this Agreement through Florida Statutes Chapter 38 163 and the sole and undivided ownership of ke the Wrec r' 2 39 40 D. Section 163.3220, Florida Statutes, authorizes Monroe County to enter into development 41 agreements with landowners and/or governmental agencies to encourage a stronger :2 42 commitment to comprehensive and capital facilities planning,ensure the provision of adequate X 43 public facilities for development, encourage the efficient use of resources, and reduce the W 44 economic cost of development. E 00180864-v1 00122598-v11 Page 1 of 20 1 Packet Pg. 2619 I E. This Agreement, among other things, is intended to and shall constitute a development U) 2 agreement among the Parties pursuant to the Florida Local Government Development 3 Agreement Act, Section 163.3223, et seq., Florida Statutes (the"Act"). 4 5 F. The Parties recognize that the public noticing and hearing procedures shall follow the 6 requirements of Section 163.3225, Florida Statutes, which requires the local government to 7 conduct two public hearings, one of which may be before the Planning Commission. 8 > 9 G. Monroe County finds that entering into this Agreement furthers the purposes,goals,objectives 10 and policies of the Monroe County Comprehensive Plan which contains goals and objectives cv 11 that seek to encourage the provision of affordable housing through incentive programs and C1,4 12 regulations (including but not limited to Goal 601, Objective 601.1, Objective 601.2 and 13 Objective 601.6). 14 W 15 H. Tropic Palms, 6125 Second Street, Stock Island, Florida is generally described as follows: 16 17 1. Wrecker's Cay owns that certain real property located at 6125 Second Street, Stock Island, 18 Florida ("Tropic Palms"). A copy of the Deed evidencing Wrecker's Cay's ownership is 19 attached hereto and incorporated herein as Exhibit 1. Historically and currently Tropic 20 Palms was and is being used as a Mobile Home/RV Park. 0 21 22 2. Tropic Palms is legally described as set forth in Exhibit 2,attached hereto and incorporated 23 herewith. U) 24 25 3. As of the date of this Agreement,Tropic Palms is assessed by the Monroe County Property 26 Appraiser as real estate number 00124560-000000. 27 U) 28 4. Tropic Palms currently has an Urban Residential Mobile Home ("URM.") Land Use 29 (Zoning) District designation and a corresponding Residential High ("RH") Future Land 30 Use Map designation. A.copy of the Land Use District Map and Future Land Use Map for 31 Tropic Palms is attached hereto and incorporated herein as Exhibit 3. >I 32 33 5. Tropic Palms currently has a Tier Overlay District designation of Tier III. > 34 35 6. Tropic Palms consists of 1.89 acres, including 1.89 acres of upland and 0.00 acres of 36 submerged land. ,U) 37 38 7. On February 21, 2008, the Acting Monroe County Senior Director of Planning and 0 39 Environmental Resources issued a Letter of Development Rights Determination 40 providing that Tropic Palms is entitled to twenty-five (25) market rate permanent 41 residential dwelling units. A copy of the LDRD is attached hereto and incorporated herein X W 'The February 21,2008 LDRD recognized twenty-five market rate residential units as lawfully established as a result of Administrative Interpretation No. 01-115, which provided that certain RV units were considered permanent residential units. Administrative Interpretation No. 01-115 has since been rescinded by Administrative Directive E 2012-01,and the ten(10)RVs previously recognized as permanent residential units are now recognized as transient residential units. 00180864-v1 00122598-v11 Page 2 of 20 1 Packet Pg. 2620 1 as Exhibit 4. Tropic Palms is lawfully recognized with fifteen (15) permanent residential U) 2 units in the form of mobile homes, and ten (10) transient residential units in the form of 3 RVs. All twenty-five (25) units existing on Tropic Palms were developed prior to the 4 implementation of ROGO, and are deemed to be ROGO exempt. 5 6 8. Contemporaneously with the approval of this Agreement, Tropic Palms' Land Use 7 (Zoning)District has been approved for amendment by Monroe County from URM to UR. .2 8 > 9 I. Water's Edge, 5700 Laurel Avenue, Stock Island, Florida is generally described as follows: 10 11 1. Wrecker's Cay owns that certain real property located at 5700 Laurel Avenue,Stock Island, C1,4 12 Florida("Water's Edge"). A copy of the Deed evidencing Wrecker's Cay's ownership is 13 attached hereto and incorporated herein as Exhibit 5. Historically and currently Water's 14 Edge was and is used as a m- "LeMobile lii*-flel lome/RV tx+Fkj-.1.gfk,. W ............ 15 16 2. Water's Edge is legally described as set forth in Exhibit 6,attached hereto and incorporated 17 herein. 18 19 3. As of the date of this Agreement,Water's Edge is assessed by the Monroe County Property 20 Appraiser as real estate number 00124540-000000. 0 21 22 4. Water's Edge currently has an Urban Residential ("UW') Land Use (Zoning) District 23 designation and a Residential High ("RH")Future Land Use Map designation. A copy of U) 24 the Land Use District Map and Future Land Use Map for Water's Edge is attached hereto U) 25 and incorporated herein as Exhibit 7. 26 27 5. Water's Edge currently has a Tier Overlay District designation of Tier 111. U) 28 29 6. Water's Edge consists of 6.65 acres, consisting of 3.18 upland acres and 3.47 submerged 30 acres. 31 >I 32 7. On September 12, 2016, the Monroe County Senior Director of Planning and 33 Environmental Resources issued a .. > .............................34 providing that Water's Edge is entitled to fifty-three (53) market rate residential Rate of 35 Growth Ordinance (ROGO) exemptions; eight (8) transient OGO exemptions, and six 36 hundred seventy-two (672)square feet of NROGO exempt nonresidential floor area. The ,U) 37 letter is attached hereto and incorporated herein as Exhibit 8. 0 38 39 J. Woodson, 6325 First Street, Stock Island,Florida is generally described as follows: 40 41 1. Wrecker's Cay owns that certain real property located at 6325 First Street, Stock Island, :2 42 Florida ("Woodson"). A copy of the Deeds evidencing Wrecker's Cay's ownership is X 43 attached hereto and incorporated herein as Composite Exhibit 9. Historically and currently W 44 the Woodson was and is used as a m, oW-e-Mobile home-f lome,pm-4�Park. 45 E 46 00180864-v1 00122598-v11 Page 3 of 20 1 Packet Pg. 2621 1 2. Woodson is legally described as set forth in Composite Exhibit 10, attached hereto and U) 2 incorporated herein. 3 4 3. As of the date of this Agreement, Woodson is assessed by the Monroe County Property 3: 5 Appraiser as real estate numbers 00124550-000000 and 00124550-000100. 6 7 4. As of the date hereof,Woodson currently has an Urban Residential Mobile Home("URM") .2 8 Land Use(Zoning)District designation and a corresponding Residential High(RH)Future > 9 Land Use Map designation. A copy of the Land Use District Map and Future 10 Land Use Map for Woodson is attached hereto and incorporated herein as Exhibit 11. C14 11 C1,4 12 5. Woodson currently has a Tier Overlay District designation of Tier 111. 13 14 6. Woodson consists of 3.29 acres,consisting of 1.79 upland acres and 1.50 submerged acres. W 15 16 7. On March 13, 2012, the Monroe County Director of Planning and Environmental 17 Resources issued a Letter of Understanding providing that the Woodson Property is entitled 18 to twelve (12)Residential Rate of Growth Ordinance (ROGO) exemptions. The 19 letter is attached as Exhibit 12. 20 0 21 8. Contemporaneously with the approval of this Agreement, Woodson's Land Use (Zoning) 22 District has been approved for amendment by Monroe County from URM to UR. 23 U) 24 K. Road Abandonments 25 26 1. Contemporaneously with this Agreement, Monroe County has approved.the abandonment 27 of the Eastern most portion of Laurel Avenue of which Wrecker's Cay has obtained U) 28 .24 additional acres. 29 30 2. Contemporaneously with this Agreement,Monroe County has approved the abandonment 31 of the Eastern most portion of McDonald Avenue of which Wrecker's Cay has obtained >I 32 .65 additional acres. 33 > 34 3. Contemporaneously with this Agreement, Monroe County has approved the abandonment 35 of the Northern most portion of First Avenue of which Wrecker's Cay has obtained 36 .14 additional acres. U) 37 38 4. The Road Abandonments add 1.03 acres to the total upland acreage to the Wrecker's.Czy 39 Property. 40 41 L. Laurel Avenue Spit 42 43 1. The State of Florida and Monroe County have confirmed they do not own the spit that is W 44 adjacent to the Eastern End of Laurel Avenue. 45 E 00180864-vI 00122598-v1I Page 4 of 20 Packet Pg. 2622 1 2. Wrecker's Cay owns the Spit of real property located at Laurel Avenue adjacent to the U) 2 Eastern End of Laurel Avenue, Stock Island, Florida ("Spit"). A copy of the Deed 3 evidencing Wrecker's Cay's ownership is attached hereto and incorporated herein as 4 Exhibit 13. 5 6 3. The Spit is legally described as set forth in Exhibit 14, attached hereto and incorporated 7 herein. .2 8 > 9 4. The$Tit--5,j)it.mcontains 1.21 acres. The total upland acreage of the property including the 10 road abandonments and spy- it is equal to 9.1 acres as depicted on the small map and 5-12 11 sketch attached as Exhibit 15. C1,4 12 13 ILPURPOSE 14 w 15 A. The overall purpose of this Agreement is to allow the Parties to implement the provisions of 16 Monroe County Comprehensive Plan Policy I 11.1.1 as applied to the Wrecker's Cay Property 17 in order to insure the continued provision of needed employee housing in the unincorporated 18 Lower Keys. 19 20 B. The Agreement allows the redevelopment of the Wrecker's Cay Property in compliance with 0 21 all applicable provisions of Florida Statutes, the Principles for Guiding Development in the 22 Florida Keys Area of Critical State Concern, the Monroe County Comprehensive Plan, the 23 Master Plan for the Future Development of Stock Island and Key Haven, and the Monroe 24 County Code. 25 26 C. The Agreement allows the Parties to implement the provisions of Monroe County 27 Comprehensive Plan Policy I 11.1.1 as applied to the Wrecker's Cay Property in order to 28 supply needed affordable housing in the unincorporated Lower Keys and to allow for a 29 reasonable use of the 44-(+f.*,,-t44,es-W ec ker's Cay.11 r ....... _XQpq!,,yby allowing the transfer of market- 30 rate permanent residential TREs lawfully associated with the Wrecker's Cay Property. 31 > 32 D. Wrecker's Cay desires to transfer the TREs associated with Tropic Palms attributable to fifteen 33 (15) lawfully-established and recognized market-rate, permanent residential dwelling units > 34 (the "Tropic Palms Market Rate TREs") and ten (10) lawfully-established and recognized 35 transient residential dwelling units(the"Tropic Palms Transient TREs")from Tropic Palms to 36 Wrecker's Cay for future transfer to and development upon an eligible receiver site(s). The ,U) 37 Parties hereto recognize that no transfer to a receiver site(s) or development of the TREs may 38 occur until fifteen (15) affordable residential dwelling units have commenced development 39 including, at a passing the first structural inspection. 40 41 E. This Agreement will allow for a reasonable use of Tropic Palms by allowing the transfer of 42 market rate TREs and transient TREs to an eligible receiver site(s),while assuring preservation X 43 on the Wrecker's Cay Property of a number of residential dwelling units equivalent to the w 44 number of Tropic Palms Market Rate TREs as employee housing. 45 E 46 00180864-v1 00122598-v11 Page 5 of 20 1 Packet Pg. 2623 1 F. Wrecker's Cay desires to transfer the TREs associated with Water's Edge attributable to fifty- U) 2 three (53) lawful ly-established and recognized market-rate, permanent residential dwelling 3 units (the "Water's Edge Market Rate TREs"), eight (8) lawfully-established and recognized 4 transient residential dwelling units(the"Water's Edge Transient TREs")to an eligible receiver 5 site. The Parties hereto recognize that no transfer to a receiver site(s) or development of the 6 Water's Edge Market Rate TREs i.i u--may occur until fifty-three (53) affordable 7 residential dwelling units have commenced development including, at a passing the first .2 8 structural inspection. Water's Edge six hundred seventy-two (672) NROGO-exempt square > 9 feet (the "Water's Edge NROGO") from Water's Edge shall be held by Wrecker's Cay for 10 future transfer to and development upon eligible receiver site(s). Transfer of the Water's Edge C14 CD 11 NROGO shall be governed by Monroe County Code Section 138-500). C1,4 12 13 G. This Agreement will allow for a reasonable use of Water's Edge by allowing the transfer of 14 market-rate TREs, transient TREs, and NROGO to eligible receiver site(s), while assuring W 15 preservation on the Wrecker's Cay Property of a number of residential dwelling units 16 equivalent to the number of Water's Edge Market Rate TREs as employee housing. 17 18 H. Wrecker's Cay desires to transfer the TREs attributable to twelve (12) lawfully-established 19 and recognized market-rate,permanent residential dwelling units from Woodson to an eligible 20 receiver site. The Parties hereto recognize that no transfer to a receiver site(s)or development 0 21 of the TREs or Ts may occur until twelve (12) affordable residential dwelling units have 22 commenced development including, at a passing the first structural inspection. 23 U) 1 24 I. This Agreement will allow for a reasonable use of Woodson by allowing the transfer of market- U) 25 rate TREs to an eligible receiver site, while assuring preservation on the Wrecker's Cay 26 Property of an equivalent number of residential dwelling units as affordable housing. 27 U) 28 111. AGREEMENT REQUIREMENTS 29 30 A. Recitals. The recitals explaining the intent and purpose of the project as set forth in the 31 preceding clauses are incorporated herein and form a material part of this Agreement. >I I- CD 32 The Parties recognize the binding effect of Florida Statutes Sections 163.3220-163.3243,as to < 33 the form and content of this Agreement and in accordance therewith set forth and agree to the > 34 following. 35 36 B. Legal Description and Ownership. The legal descriptions for the W(jw-r6 W"esi- recke"r's ''a'V Y) 37 1�Mp!L[ty.,subj ect to this Agreement are set forth in Exhibits 2, 6, 10, and 14. 0 38 39 C. Duration of Agreement. This Agreement shall remain in effect for ten (10) years from the 40 "Effective Date"as defined herein, and may be extended by mutual consent of the Parties and 41 approval at a public hearing, in accordance with Section 163.3229, Florida Statutes. For the 42 duration of this Agreement, the Parties agree that any development shall comply with and be X 43 controlled by this Agreement, the Monroe County Code, and the Monroe County W 44 Comprehensive Plan governing the development of land in effect on the date of execution of 45 this Agreement, in accordance with Section 163.3220,Florida Statutes. E 46 00180864-v1 00122598-v11 Page 6 of 20 1 Packet Pg. 2624 1 D. Permitted Uses. U) 2 3 1. Wrecker's Cay Property,5700 Laurel Avenue, Stock Island,Florida;61525 Second Street, 4 Stock Island, Florida; 6325 First Street, Stock Island,Florida: 5 6 a. The Wrecker's Cay Property currently has a UR Land Use (Zoning) District 7 designation and a corresponding RH Future Land Use Map designation. .2 8 > 9 b. In accordance with this Agreement and with the RH Future Land Use Map category, 10 as set forth in Monroe County Comprehensive Plan Policy 101.5.4, the principal C14 11 purpose of the RH Future Land Use Map category is to provide for high density single- C1,4 12 family, multi-family, and institutional residential development, including mobile 13 homes and manufactured housing, located near employment centers. 14 W 15 c. In accordance with this Agreement and with the UR Land Use(Zoning)District, as set 16 forth in Monroe County Code Section 130-98,and in compliance with other provisions 17 of the M"o"ii'ro' dwellings,e o"U'111y Code, the permitted uses in the UR Land Use (Zoning)District 18 include detached attached dwelling units (as a minor conditional use), and 19 accessory uses. 20 0 21 d. Pursuant to Monroe County Comprehensive Plan Policy 111.1.1, the Wrecker's Cay 22 Property is located within the Stock Island Workforce Area 1. 23 24 e. In accordance with the provisions of Monroe County Comprehensive Plan Policy 25 111.1.1, and notwithstanding any other provisions of the Monroe County 26 Comprehensive Plan or Monroe County Code, (1) the Wrecker's Cay Property has a 27 maximum net density of forty(40) units per buildable acre, the development of which 28 shall not require transferrable development rights; (2) buildings that are voluntarily 29 elevated up to three (3) feet above base flood elevation may be three (3) habitable 30 floors; (3) parking requirements are one (1) parking space per one bedroom unit, two 31 (24-A-5) parking spaces per two bedroom unit, and three (]2) parking spaces per three >I 32 bedroom unit; (4) nonresidential uses are prohibited, but accessory uses to the 33 residential development,such as a shoreside access facility associated with an adjacent > 34 County-owned mooring field, club house or recreational -facilities, are permitted; (5) 35 no market rate or transient residential units are allowed to be developed or operated; 36 and (6) all habitable buildings located within the 65 -- 69 DNL (Day-Night Average ,U) 37 Sound Level) noise contour pursuant to the 2013 Navy Environmental Impact 0 38 Statement must be sound attenuated to 25 dB (DNL), however no portion of the 39 Wreckers Cay Property is within the 65 --69 DNL noise contour. 40 41 f. The redevelopment of the Wrecker's Cay Property includes the addition of up to two 42 hundred eighty(280) affordable residential dwelling units, and accessory uses. X 43 W 44 g. The height of any new structure associated with the redevelopment of the Wrecker's 45 Cay Property shall not have any habitable floor area above 38 feet from grade, E 46 mechanical equipment and architectural features utilized to hide mechanical 00180864-v1 00122598-v11 Page 7 of 20 1 Packet Pg. 2625 1 equipment, including parapets, may be up to 44 feet above grade, and such structures U) 2 may contain three (3) habitable floors. For purposes of measuring height, grade shall 3 be 6.12 feet as depicted in the topographic survey attached as Exhibit 16. 4 5 E. Public Facilities. The impact on public facilities is nominal. The numbers of existing 6 residential dwelling units were recognized in the planning of the sewage treatment plant 7 serving Stock Island. .2 8 > 9 1. The Florida Keys Aqueduct Authority provides domestic potable water to the Wrecker's 10 Cay Property. Excluding existing development that may already be metered, the Florida C14 CD 11 Keys Aqueduct Authority will individually meter each new affordable residential dwelling C1,4 12 unit. In addition,the Florida Keys Aqueduct Authority will meter accessory development 13 accordingly. 14 W 15 2. Keys Energy Services provides electric service to the Wrecker's Cay Property. 16 Keys Energy Services will individually meter each new affordable residential dwelling 17 unit. In addition,Keys Energy Services will meter accessory development accordingly. 18 19 3. Solid waste service is provided to the Wrecker's Cay Property by a solid waste collection 20 system franchised by Monroe County. 0 21 22 4 The Wrecker's Cay Property is connected to central sewer via KW Resort Utilities Corp.'s 23 system. U) 24 U) rO 25 5, 11�1,sed.mi traille rc',yjew 1C dt� eN 26 L()S U. 1111 to b�, 41 -COni W�011 Nlwuvie CouWv 27 2 3 2 tmh�!Isi�,e NON I Akics '301 L.1, '0� 1.2, 30 2,"�N. 3 0 2, �,itid ;O� ,,' 4 os �,,61 as U) 28 Code SecAjotis i N-20,0(14i- b- and c-, or slifficieu'It 29 to klmu'CQ 'uullo, t�'�m tfic 30 LOS unh�St be -!�-�J&L� 'a �-1UHLfill" )CI'Mii fiV It to o --gj� r gut me 31 N/Iidimtioii uig,,i,,, tm� ig ffic 1'onii of ol� �1Ocd > . ............32 1 ics klemifie"] h� 11�e CoUmv,�in&or ........... .......... 33 1 DO I to �Idd t y �('yO o[!ie1:,\jCL heyq�i(j LOS Ccg id/cto, he > 34 a�2,�,!Iic,,im shaH st.ibl,ii4 eyidelige ol, agivelilem heo\,cell t�iv, nr)nhc�10 'uld ��Ile H)()'1 1, 35 ap-,"., co�ffl'cicl or ,10n,TlT1Ct1t JILW piLyoyemegis' to 1-oi, 36 ux:lt lo Loy ld U) 37 4. 38 r1. 'Hte llccessar\ fiB:difies ser icfi s gu'e il� Juule I de'YO( "lilt Ns 39 kstu d: CIO 40 b, 'I services h�cv ill )Ngce and tfic wii,ific iu cei-tif icw.C,o�' 41 ol� 4S k F)r�m, io colluncmc�,nem of, co��stn,IC6,101. the ............ 42 °AVpji=llt sk�ffl clitcr 4,00 a'A NMIiMl M'J NCINIH\, top ffie� Colno X W 43 mu re I JOH 01" HIMX'061111e It OF, E 00180864-v1 00122598-v1 I Page 8 of 20 1 Packet Pg. 2626 0.7.d .......i J P,, -.k..u�,.Ild d .._�.m 8) 2 Cl�e Liliti 9kIU!' ,1 KffI0f 0 3 4 dv h°A111._." ➢iib� 4 A.M1�AI',rt C d"� aAu� l� dw�'�I ,_ ,� C�llln flh� � r:11.➢,'dq 1�1 �i,�'�iq'h"� 11Mat Il. ie Si,cc sail"' f`,�c llinJes amd .� ... ... ._ ....._.. !l del ��.�opiJ 14w�q t 5 AnfiJV� o , + 'V nr ��I ^I�n � 'nll7� VIie 1� II.Oul1CM I �� R „IIgY�I�d Aqn i 9�i n�W" �i' 6 �.ngi=nueifl nnt ^ klrnd.�n0 Ka is 9°na:u'dt Iuiniwd to nieveloilifflavn t N9,9n' II I.(J � 7 sc c�,; o p n6133 0 c)11 U) UiOreciffl M o d bid„�Aq��L�ld�" I e,,)i'�ict, N�w'wn�' 2 � "� �I � A�tl q�unu��� lu�d ��n 9 t4 sjlgre co lfi-J)gin ion N�C w� istr�,Aj�� l III d p:,... t,fflicii�cI)t Ua i ccoil�fk� 'I a le cv 10 or gi(,ru°e nurt�ua lug uuli����n°an��� utl ��� �mu��u��n�� .,v l Q ;unn_�.�wP t.�.p.�..... .� i.._.._q �., .....,._ .. .._.. rll. na cv 12 u' n�itt�u r.,.� 16tia.1:..1W S�.:��..&tirc,��....�...:)6�.. 13 m.. _._ � w 14 F. Reservation or Dedication of Land. Wrecker's Cay shall provide Monroe County a 15 shoreside access facility open to the public, subject to reasonable rules and regulations and 16 hours,which shall provide,at a minimum dinghy dockage for a mooring field with up to forty 17 (40)mooring balls, dockside pumpout facility, trash/recycling receptacles, along with an area 18 to develop a minimum 400 square foot office/amenity building. Monroe County shall be 19 responsible for the cost of development and all costs of operations of the shoreside access 20 facility. The dockside facility identified on the Southeast corner of the Wrecker's Cay Property 21 is conditionally accepted to so long as the preceding requirements can be met. 22 U) 23 G. Development Allowed. The following specific criteria are those which will guide 24 development of the 10 ievv x &tIT "SITITIT'ITly!IT1E�frt1 , and are standards by which any further 25 approvals shall be measured and shall be as follows: 26 27 a. The Wrecker's Cay Property consists of 9.1 acres of upland. There currently exist U' 28 eighty(80)market-rate residential dwelling units, eighteen(18)transient units,and six 29 hundred seventy-two ( 72)non-residential square feet of floor area. 30 >1 31 b. Wrecker's Cay is permitted to transfer eighty(80) market-rate TREs and eighteen(1 ) 32 transient TREs to an eligible receiver site through a minor conditional use permit per > 33 Monroe County Code Section 13 -22, regardless of receiver site Land Use (Zoning) 34 District. The six hundred seventy-two (672) square feet of NROGO exempt � 35 nonresidential floor area will be held byWrecker's Cay for future transfer from the 36Wrecker's Cay Property to an eligible receiver site(s). Themarket-rate TRE s shall not 37 be developed on an eligible receiver site untilWrecker's Cay have commenced 38 development including passing the first structural inspection. Transfer of the eighteen 39 (18)transient TRE s to an eligible receiver site(s) shall be governed by Monroe County 40 Code Section 13 -22 , and transfer of the six hundred seventy-two (672) - 41 exempt nonresidential square feet shall be governed by Monroe County Code Section 42 13 -500). 43 44 c. Provided such development can be designed and approved by all applicable codes, 45 including but not limited to the Monroe County Code and Florida Building Code, 00180864-yr 00122598-v11 Page 9 of 20 Packet Pg. 2627 Wrecker's Cay is permitted to develop the following buildings,facilities and structures U) 2 on the Wrecker's Cay pursuant to this Agreement: 0 3 4 i. Up to two hundred eighty (280) new attached, affordable residential dwelling 5 units deed restricted toemployee housing. 6 7 ii. Accessory structures and uses, including a shoreside access facility consisting .2 2 8 of dinghy docks, dockside pump out facility and/or dockage for pump out > 9 vessel, an office and amenities, and which also may include but shall not be 10 limited to swimming pool,clubhouse, and guardhouse. C14 11 C14 12 iii. Parking areas and landscaping. 13 14 H. Deed Restrictions for Affordable Housing. The Wrecker's Cay Property shall have a single W 15 deed-restriction for two hundred eighty (280) affordable housing units deed restricted to 16 employee housing and shall be recorded on all land described in Exhibits 2, 6, 10,and 14.The 17 income categories for the 280 units shall consist of One Hundred Forty(140)moderate income 18 units, Seventy Median(70) median income units, and Seventy(70) low income units. 19 20 1. Affordability Compliance. 0 21 22 a. Affordable housing definitions. 23 U) 1 24 i. Affordable housing means residential dwelling units that meet the following U) 25 requirements: 26 27 a. Meet all applicable requirements of the United States Department of Housing U) 28 and Urban Development minimum property standards as to room sizes, 29 fixtures, landscaping and building materials, when not in conflict with 30 applicable laws of the-eootilyC�onroe�Courgy; and 31 >I 32 b. A dwelling unit whose monthly rent, not including utilities, does not exceed 33 30 percent of that amount which represents either 50 percent (very low > 34 income) or 80 percent (low income) or 100 percent (median income) or 120 35 percent(moderate income)of the monthly median adjusted household income 36 for the county. JA I- 37 0 38 ii. Affordable housing trust fund, means a trust fund established and maintained by the 39 county for the purpose of preserving existing and promoting creation of new 40 affordable and employee housing. Funds collected for and deposited in the trust 41 fund shall be used exclusively for purposes of creating, preserving or maintaining 42 affordable and employee housing in the Florida Keys. X 43 W 44 iii. Affordable rental housing, low income, means a dwelling unit whose monthly rent 45 not including utilities, does not exceed 30 percent of the amount that represents 80 p E 46 percent of the monthly median adjusted household income for the county. 00180864.vI 00122598-v11 Page 10 of 20 1 Packet Pg. 2628 U) 2 iv. Affordable rental housing, median income, means a dwelling unit whose monthly 3 rent,not including utilities,does not exceed 30 percent of the amount that represents 4 100 percent of the monthly adjusted median household income for the county. 5 V. Affordable rental housing, moderate income, means a dwelling unit whose monthly 6 rent,not including utilities,does not exceed 30 percent of the amount that represents 7 120 percent of the monthly median adjusted household income for the county. 8 vi. Affordable rental housing, very low income, means a rental dwelling unit whose > 9 monthly rent, not including utilities, does not exceed 30 percent of the amount that 10 represents 50 percent of the monthly median adjusted household income for the C14 11 county. C1,4 12 13 vii. Employee housing means an attached or detached dwelling unit that is intended to 14 serve as affordable, permanent housing for working households, which derive at W 15 least 70 percent of their household income from gainful employment in the county 16 and meet the requirements for affordable housing as defined in this section and as 17 per section 130-16 1. 18 19 20 0 21 22 viii. Median income, rental rates and qualifying incomes table, means eligibility 23 requirements compiled each year by the planning department based upon the 24 median annual household income published for the county on an annual basis by U) 25 the U.S. Department of Housing and Urban Development and similar information U) 26 for median and moderate income levels from the Florida Housing Finance 27 Corporation. Affordable housing eligibility requirements for each household will 28 be based upon median annual household income adjusted by family size,as set forth U) 29 by the U.S. Department of Housing and Urban Development and the Florida 30 Housing Finance Corporation. The county shall rely upon this information to 31 determine maximum rental rates and maximum household incomes eligible for > 32 affordable housing rental or purchase. 33 34 ix. Monthly median household income means the median annual household income for 35 the county divided by 12. 36 JA 37 b. Requirements 38 39 i. Tourist housing use or vacation rental use of affordable or employee housing units 40 is prohibited. 41 CO 42 ii. The parcel of land proposed for development of affordable oremployee housing 43 shall only be located within a tier III designated area. X 44 W 45 iii. During occupancy of any affordable housing rental unit, not otherwise limited by 46 state or federal statute or rule concerning household income, a household's annual E 47 income may increase to an amount not to exceed 140 percent of the median 00180864-v1 00122598-v11 Page 11 of 20 1 Packet Pg. 2629 1 household income for the county. If the income of the lessee exceeds this amount, U) 2 the tenant's occupancy shall terminate at the end of the existing lease term. The 3 maximum lease for any to shall be three years or 36 months. 4 5 iv. Pursuant to Monroe County Code Section 139-1(a)(6)(i),when establishing a rental 6 amount, Monroe County shall assume family size as indicated in the table below. 7 This section shall not be used to establish the maximum number of individuals who U) 8 actually live in the unit. This table shall be used in conjunction with the eligibility 9 requirements created b onroe Coun!y Code Section 10 1-1: Size of Unit Assumed Family Size Minimum Occupancy cv Efficiency(no separate) One bedroom 2 1 w Two bedroom 3 2 Three bedrooms 4 3 Four or more bedrooms 5 1 per bedroom 10 0- 11 V. The income of eligible households shall be determined by counting only the first 12 and highest paid 40 hours of employment per week of each unrelated adult. For a 13 household containing adults related by marriage or a domestic partnership U) 14 registered with the county, only the highest 60 hours of the combined employment U) 15 hours shall be counted, which shall be considered to be 75 percent of the adjusted 16 gross income. The income of dependents regardless of age shall not be counted in 17 calculating a household's income. U) 18 19 c. At Monroe County's request, Wrecker's Cay, its successors and assigns, shall provide 20 Monroe County with an annual report demonstrating compliance with the eligibility 21 requirements of Monroe County Code Section 139-1. 22 23 J. Development and Affordable Housing Standards. The development standards shall be 24 determined by the application of the standards contained in the Monroe County 25 Comprehensive Plan and the Monroe County Code. Further, the following specific 26 standards shall apply to the development or deed restriction of the affordable housing units. JA 27 28 a. Neither tourist housing use nor vacation rental use of the affordable housing units 2 29 established on the Wrecker's Cay Property, or any other affordable housing resulting 3: 30 from this Agreement shall be allowed. 31 32 b. Monroe County Code Comp. Plan Policy I 11.1.1 provides the following requirements X 33 for this Agreement: w 34 35 1. Notwithstanding the density standards set forth in Policy 101.5.25, the Maximum E 36 Net Density of the Stock Island Work-force Subarea 1. shall be 280 affordable 00180864-vi 00122598-v11 Page 12 of 20 1 Packet Pg. 2630 1 dwelling units at a density of 40 dwelling units per buildable acre for property U) 2 within the UR.zoning districts and shall not require transferable development rights. 0 3 4 2. There shall be no allocated or maximum net density standard available for market 5 rate dwelling units or transient units. 6 7 3. The maximum floor area ratio (FAR) for all nonresidential uses within the subarea .2 U) 8 shall be zero. A shoreside support facility associated with a mooring field as an 9 accessory use associated with the Wreckers Cay project within the RH FLIT M and 10 UR Zoning District. cv 11 12 4. The height of any new structure associated with the redevelopment of the 13 Wrecker's Cay Property shall not have any habitable floor area above 38 feet from > 14 grade;mechanical equipment and architectural features utilized to hide mechanical W 15 equipment, including parapets, may be up to 44 feet above grade; and such 16 structures may contain three (3)habitable floors. 17 18 19 5. Nonresidential uses shall be prohibited. Accessory uses to the residential 20 development, such as a club house or recreational facilities, are permitted. 0 21 A shoreside support facility associated with a mooring field as an accessory use 22 associated with the Wrecker"s Cay project within the RH FLUM and UR Zoning 23 District is --liermitted. U) 24 U) 25 6. All new residential units developed within the Stock Island Workforce Subarea I 'a 26 shall be subject to the ROGO permit allocation system. 27 U) 28 7. The protest procedures set forth within Sec. 102-158(d)(8) are applicable to 29 applications submitted under this Policy 1.11.1.1. 30 31 8. A development agreement shall be required for any proposed development of an > 32 affordable housing project within the Stock Island Workforce Subarea I to define < 33 the income category distribution for the proposed development. > 34 35 9. All new affordable units developed within the Stock Island Workforce Subarea I 36 shall require occupants to derive at least seventy percent(70%) of their household JA 37 income from gainful employment in Monroe County. 38 39 10. The affordable dwelling units shall be rental units only. 40 41 c. For Monroe County to monitor receipt of the affordable housing ROGO allocations, 42 the Parties agree the Board of County Commissioners may approve the allocation X 43 reservation by resolution concurrent with this development agreement. It is intended W 44 that the initial Resolution be consistent with Monroe County Code Section 138- 45 24(b)(4) as follows: E 46 00180864-v1 00122598-v11 Page 13 of 20 1 Packet Pg. 2631 1 1. By a corresponding resolution, the Board of County Commissioners shall reserve U) 2 One Hundred Forty(140)moderate income affordable ROGO allocations, Seventy 0 3 Median (70) median income affordable ROGO allocations, and Seventy (70) low 4 income affordable ROGO allocations for award to the Wrecker's Cay Property 3: 5 which reservation shall be in effect for five(5) years from the effective date of this 6 agreement. r_ 7 .2 8 2. The Board of County Commissioners may,at its discretion,place conditions on any > 9 reservation, as it deems appropriate. 10 cv 11 d. Pursuant to Monroe County Code Section 13 9-1(f)(8),upon written agreement between 12 the Monroe County Planning Director and an eligible governmental or 13 nongovernmental entity, the Planning Director may authorize that entity to administer 14 the eligibility and compliance requirements for the Monroe County Planning W 15 Department under (f)(3), (f)(4), (f)(5) and (f)(6) of this section. Under such an 16 agreement, the eligible entity is authorized to qualify a potential renter of affordable 17 employee housing , and annually verify the employment and/or income eligibility of 18 tenants pursuant to (f)(2) of this section. The entity shall still be required to provide 19 the Monroe County Planning Department, by January I of each year, a written 20 certification verifying that tenants of each affordable employee housing meet the 21 applicable employment and income requirements of (f)(2). The following 22 governmental and nongovernmental entities shall be eligible for this delegation of 23 authority: a) the county housing authority, not-for-profit community development 24 organizations, pursuant to Section 139-1(e), and other public entities established to 25 provide affordable housing; b) private developers or other nongovernmental 26 organizations participating in a federal/state housing financial assistance or tax credit 27 program or receiving some form of direct financial assistance from Monroe County; or 28 c) nongovernmental organizations approved by the Board of County Commissioners 29 as affordable housing providers. 30 31 Via this Agreement, the Board of County Commissioners has approved the Parties > I- CD 32 of this Agreement (other than Monroe County), which are nongovernmental < 33 organizations, as an affordable housing provider. Any qualifier chosen by the Parties > 34 (other than Monroe County) shall be approved by the Planning Director in accordance 35 with (f)(8)of this section. 36 U) 37 K. Site Plan Approval: 38 G'ay­­14<T�efl --The conceptual site plan is attached as Exhibit 17. 39 The development shall be consistent with all applicable codes, including but not limited to 40 the Monroe County Comprehensive Plan and Monroe County Land Development Code. 41 Following a review of compliance with such codes,the final site plan must be approved by 42 the Monroe County Planning Commission as a major conditional use permit.The Planning X 43 Commission has final authority over the site plan and the site plan may be amended by the W 44 Planning Commission. 45 E 00180864-vI 00122598-v11 Page 14 of 20 1 Packet Pg. 2632 1 L. Finding of Consistency. By entering into this Agreement, Monroe County finds that the U) 2 development permitted or proposed herein is consistent with the Monroe County 3 Comprehensive Plan and Monroe County Code. 4 5 M. Breach,Amendment,Enforcement,and Termination. 6 7 a. Material Breach: A material breach by the Parties is the failure of any Party to comply U) 8 with the terms of this Agreement after Notice as provided herein. 9 10 b. Notice: Upon any Party's material breach of the terms and conditions of this cv 11 Agreement,the non-breaching Party shall serve written Notice of the breach upon the 12 breaching Party pursuant to the procedure established in this Agreement and shall 13 provide the opportunity, within ninety (90) days of the date such Notice is served, to > 14 propose a method of fulfilling the Agreement's terms and conditions or curing the W 15 breach. The breaching Party shall be provided an additional ninety (90) days to cure 16 the material breach or to negotiate an amendment to this Agreement within a reasonable 17 time,as mutually agreed to by the Parties. This Agreement is not subject to arbitration 18 and must be amended in accordance with the statutory requirements. 19 20 C. Amendment or Termination: The Parties hereto shall at all times adhere to the terms 0 21 and conditions of this Agreement. Amendment,termination, extension, or revocation 22 of this Agreement shall be made in accordance with the notification and procedural 23 requirements set forth herein. U) 24 U) 25 i. Amendments to this Agreement shall subject Parties to the laws and policies in 'a 26 effect at the time of the amendment only if the conditions of Section 163.3233(2), 27 Florida Statutes, are met. U) 28 29 ii. No modifications, extensions, amendments, or alterations of the terms or 30 conditions contained herein shall be effective unless contained in a written 31 document approved and executed by the Parties. > I- CD 32 iii. Amendment, extension or termination shall require at least two (2) public < 33 hearings. The hearings shall be held pursuant to an application filed with Monroe > 34 County by the Party seeking to amend or terminate this Agreement, along with 35 the requisite filing fee. Notice of public hearing shall be in accordance with 36 Monroe County Ordinances and Florida Statutes. JA 37 38 d. Enforcement: 39 40 i. After notice and an opportunity to respond and/or cure the material breach as 41 provided for below. In addition, Monroe County may utilize appropriate code 42 compliance remedies to cure any breach after notice and an opportunity to cure X 43 as provided herein. W 44 45 ii. Monroe County, the other Parties, their successors or assigns, or any aggrieved E 46 or any adversely affected person. as defined in Section 163.321.5(2), Florida 00180864-v1 00122598-v11 Page 15 of 20 1 Packet Pg. 2633 1 Statutes, may file an action for injunctive relief in the Circuit Court of Monroe U) 2 County to enforce the terms of this Agreement or to challenge compliance with 0 3 the provisions of Sections 163.3243, Florida Statutes. 4 5 iii. Nothing contained herein shall limit any other powers, rights, or remedies that 6 either party has, or may have in the future, to enforce the terms of this 7 Agreement. 8 9 N. Binding Effect of Agreement. The covenants,agreements, and obligations herein contained, 10 except as herein otherwise specifically provided, shall extend to, bind d i to the benefit C14 Q 11 of the Parties hereto and their respective personal representatives,heirs,successors and assigns. C1,4 12 13 O. State and Federal Law. If State or Federal laws enacted after the effective date of this 14 Agreement preclude either Party's compliance with the terms of this Agreement, this W 15 agreement shall be modified as is necessary to comply with the relevant State or Federal Laws. 16 17 P. Compliance with Other Laws. The failure of this Agreement to address a particular permit, 18 condition, term, or restriction shall not relieve the Parties of the necessity of complying with 19 the laws governing said permitting requirements, conditions,terms or restrictions. 20 0 21 Q. Reservation of Rights. This Agreement shall not affect any rights, which may have accrued 22 to any party to this Agreement under applicable law. The Parties reserve any and all such 23 rights. All approvals referenced in this Agreement are subordinate to compliance with all U) 24 applicable laws, codes, and land development regulations and permits, except to the extent U) 25 otherwise provided for in this Agreement. 26 tt: 27 R. No Permit. This Agreement is not and shall not be construed as a Development Permit, U) 28 Development Approval or authorization to commence development, nor shall it relieve the 29 Parties other than Monroe County of the obligations to obtain necessary Development 30 Approvals that are required under applicable law and under and pursuant to the terms of this 31 Agreement and Monroe County Code. > 32 33 S. Good Faith; Further Assurances; No Cost. The Parties to this Agreement have negotiated > 34 in good faith. It is the intent and agreement of the Parties that they shall cooperate with each 35 other in good faith to effectuate the purposes and intent of, and to satisfy their obligations 36 under, this Agreement in order to secure themselves the mutual benefits created under this JA 37 Agreement. The Parties agree to execute such further documents as may be reasonably 38 necessary to effectuate the provisions of this Agreement; provided that the foregoing shall in 39 no way be deemed to inhibit, restrict or require the exercise of Monroe County's police power 40 or actions of Monroe County when acting in a quasi-judicial capacity. Wherever in this 41 Agreement a provision requires cooperation,good faith or similar effort to be undertaken at no 42 cost to a party, the party co-operating, reviewing or undertaking the effort shall, nonetheless, X 43 bear its cost of attendance at meetings,hearings,or proceedings and comment and/or execution W 44 of documents, inclusive of the expense of its counsel. 45 E 001.80864-v1 00122598-v11 Page 1.6 of 20 1 Packet Pg. 2634 1 T. Successors and Assigns. This Agreement shall constitute a covenant running with the land, U) 2 which shall be binding upon the Parties hereto,their successors in interest, heirs, assigns, and 0 3 personal representatives. 4 5 U. Joint Preparation. This Agreement has been drafted with the participation of the Parties and 6 their counsel, and shall not be construed against any party on account of draftsmanship. The 7 captions of each article, section and subsection contained in this Agreement are fore ease of U) 8 reference only and shall not affect the interpretational meaning of this Agreement. Whenever 9 the to "included" is used in this Agreement, it shall mean that the included items, or terms 10 are included without limitation as to any other items or terms,which may fall within the listed cv 11 category. 12 13 V. Notices. All notices,demands,requests or replies provided for or permitted by this Agreement > 14 shall be in writing and may be delivered by any one of the following methods: (a)by personal W 15 delivery; (b) by deposit with the United States Postal Service as Certified or Registered mail, 16 return receipt requested,postage prepaid,to the addresses stated below; or(c) by deposit with 17 an overnight express delivery service with proof of receipt to the addresses stated below. 18 Notice shall be deemed effective upon receipt. For purposes of notice, demand, request, or 19 replies: 20 0 21 22 The address of Monroe County shall be: 23 U) 24 County Administrator 25 1100 Simonton Street, 26 Room 2-205 27 Key West,Florida 33040 U) 28 29 30 31 > 32 And a copy to: 33 > 34 Robert Shillinger,Esq. 35 County Attorney 36 PO Box 1026 JA 37 Key West, Florida 33041. 38 39 and 40 41 1111 12'h Street, Suite 408 42 Key West,Florida 33040 43 X 44 The address of Wrecker's Cy shall be: W 45 46 Victor Ballestas E 47 C/O Integra Investments, LLC 00180864-v1 00122598-v11 Page 17 of 20 1 Packet Pg. 2635 1 150 SE 2nd Ave, Suite 800 U) 2 Miami, FL 33131 0 3 4 And a copy to: 5 6 Barton W. Smith,Esq. .2 7 Smith Hawks,P.L. U) 8 138 Simonton Street 9 Key West,Florida 33040 10 C14 CD 11 it is the responsibility of the Parties to promptly notify all other Parties of any change in 12 name or address for receipt of notice, demand, request, or replies. 13 14 W. Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, W 15 acts of God, inability to obtain labor or materials or reasonable substitutes therefore,riot, civil 16 commotion, fire or other casualty and other causes beyond the reasonable control of the party 17 obligated to perform, excluding the financial inability of such party to perform and excluding 18 delays resulting from appeals or rehearing, shall excuse the performance by such party for a 19 period equal to any such period of prevention, delay or stoppage. In order to avail itself of this 20 force majeure provision, the party invoking the same shall provide the _p other a y with a rt 0 21 written notice that shall consist of a recitation of all events that constitute force majeure events 22 under this Section,together with the beginning and ending dates of such events. 23 U) 24 X. Construction. This Agreement shall be construed in accordance with the laws of the State of U) 25 Florida. The Parties to this Agreement have participated fully in the negotiation and 26 preparation hereof, and, accordingly, this Agreement shall not be more strictly construed 27 against any one of the Parties hereto. In construing this Agreement,the use of any gender shall 28 include every other and all genders, and captions and section and paragraph headings shall be 29 disregarded. All of the exhibits attached to this Agreement are incorporated in, and made a 30 part of,this Agreement. 31 Y. Omission. The Parties hereto recognize and agree that the failure of this Agreement to address > 32 a particular permit, condition,terms or restriction shall not relieve either Party of the necessity < 33 of complying with the law governing said permitting requirements, conditions, term, or > 34 restriction notwithstanding any such omission. 35 36 Z. Jurisdiction and Governing Law. The Parties hereto agree that any and all suits or actions JA 37 at law shall be brought in Monroe County, Florida and no other jurisdiction. This Agreement 38 shall be construed and interpreted under the laws of the State of Florida. 39 40 AA.Attorney's Fees and Costs. The Parties agree that in the event any cause of action or 41 administrative proceeding is initiated or defended by any party relative to the enforcement or 42 interpretation of this Agreement,the prevailing party shall be entitled to reasonable attorney's X 43 fees, court costs, as an award against the non-prevailing party, and shall include attorney's W .;j 44 fees, courts costs, in appellate proceedings. Mediation proceedings initiated and conducted 45 pursuant to this Agreement shall be in accordance with the Florida Rules of Civil Procedure E 46 and usual and customary procedures required by the circuit court of Monroe County. 00180864-v1 00122598-V11 Page 18 of 20 1 Packet Pg. 2636 U) I- 2 BB.Time of Essence. Time shall be of the essence for each and every provision of this Agreement. 0 3 4 CC.Entire Agreement. This Agreement, together with the documents referenced herein, 5 constitute the entire agreement and understanding among the Parties with respect to the subject 6 matter hereof, and there are no other agreements, representations or warranties other than as 7 set forth herein. This Agreement may not be changed, altered or modified except by an U) 8 instrument in writing signed by the Party against who enforcement of such change would be 9 sought and subject to the requirements for the amendment of development agreements in the 10 Act. cv 11 12 DD.Counterparts. This Agreement maybe executed in one or more counterparts,and by different 13 Parties hereto in separate counterparts, each of which when executed shall be deemed to an 14 original but all which taken together constitute one and the same agreement. w 15 16 EE. Recording. Monroe County shall record this Agreement with the Clerk of the Circuit Court 17 of Monroe County within fourteen(14)days following signature by all Parties. Wrecker's Cay 18 agrees that it shall be responsible for all recording fees and other related fees and costs related 19 to the recording and delivery of this Agreement as described in this section. The provisions 20 hereof shall remain in full force and effect during the term provided herein and shall be binding 0 21 upon all successors in interest to the Parties to this Agreement. 22 23 FF. Conflicting Resolutions. All resolutions or parts thereof in conflict with the provisions of this U) 24 Agreement and its resolution are hereby repealed to the extent of such conflict. U) 25 26 GG.Severy bility. If any part of this Agreement is contrary to, prohibited by, or deemed invalid tt: 27 under any applicable law or regulation, such provisions shall be inapplicable and deemed U) 28 omitted to the extent so contrary, prohibited, or invalid; however, the remainder of the 29 Agreement shall not be invalidated thereby and shall be given full force and effect as if the 30 contrary,prohibited,or invalid provision was never a part hereof. 31 > 32 V. Effective Date. The "Effective Date" of this Agreement is forty-five (45) days after the duly < 33 signed and recorded Agreement is received by the Florida Department of Economic > 34 Opportunity pursuant to Chapter 380, Florida Statutes, and if appealed, until the appealed is 35 resolved. 36 U) 37 38 IN WITNESS WHEREOF,the Parties hereto have set their hands and seals on the day and year 39 below written. 40 41 WRECKER'S CAY APARTMENTS AT STOCK ISLAND,LLC 42 X 43 By: ...... w 44 45 Title: .. ....... .......- E 46 00180864 v1 00122598-v11 Page 1.9 of 20 1 Packet Pg. 2637 I Date: U) 2 3 The foregoing instrument was acknowledged before me on this day of 4 2020, by the managing member of Wreckers Cay Apartments at Stock Island, 5 LLC. He is personally known to me and did not take an oath. 6 7 8 > 9 10 C14 11 C"4 12 13 ATTEST® KEVIN MADOK, CLERK MONROE COUNTY BOARD OF 14 COUNTY COMMISSIONERS W 15 16 .................................... 17 DEPUTY CLERK MAYOR 0 U) U) U) x W E 00180864-v1 00122598-v11 Page 20 of 20 1 Packet Pg. 2638 E .2 2 3 DEVELOPMENT AGREEMENT 4 5 THIS DEVELOPMENT AGREEMENT ("Agreement") is entered into on the wIT day 6 of 2020, by and between Monroe County, Florida, a Political 7 Subdivision of the State of Florida ("Monroe County"), Wrecker's Cay Apartments at Stock 8 Island,LLC, a Florida limited liability company("Wrecker's Cay") ( individually a"Party"and 9 collectively, the "Parties"), pursuant to Monroe County Comprehensive Plan Policy I 11.1.1 and 10 Sections 110-132 and 110-133 of the Monroe County, Florida, Code of Ordinances ("Monroe 11 County Code"),and the Florida Local Government Development Agreement Act,Florida Statutes 12 Sections 163.3220-163.3243 (2018), and is binding on the"Effective Date" set forth herein: > 13 14 WITN ESST H: C14 15 Q C� 16 The Parties hereby agree as follows: Iq 17 18 1. RECITALS W 19 20 A. This Agreement involves the redevelopment of property located at 5700 Laurel Avenue,Stock W 21 Island, Florida, historically known as Water's Edge Colony Trailer Park ("Water's Edge"); 22 6125 Second Street, Stock Island, Florida, currently known as Tropic Palms Mobile Home 23 Park and historically known as Rolf s Trailer Park ("Tropic Palms"), and 6325 First Street, 24 Stock Island, Florida, historically known as Woodson's Trailer Park ("Woodson"). Water's 25 Edge,Tropic Palms,and Woodson are collectively referred to as the"Wrecker's Cay Property" 26 herein. 27 U) 28 B. This Agreement involves the redevelopment of Wrecker's Cay Property as Two Hundred 29 Eighty(280)deed-restricted affordable dwelling units. The eighty(80)market rate permanent 30 Transferrable Residential Rate of Growth Ordinance Exemptions("TREs")associated with the 31 Wrecker's Cay Property, as well as the eighteen (18) transient TREs associated with the >I I- CD 32 Wrecker's Cay Property and six hundred seventy-two(672)square feet of Nonresidential Rate < 33 of Growth Ordinance ("NROGO") exempt floor area associated with the Wrecker's Cay > 34 Property shall be available for transfer to an eligible receiver site(s) as specified in this 35 Agreement and per the Land Development Code and Comprehensive Plan. 36 37 C. All Parties have the authority to enter into this Agreement through Florida Statutes Chapter 38 163 and the sole and undivided ownership of the Wrecker's Cay Property. 39 40 D. Section 163.3220, Florida Statutes, authorizes Monroe County to enter into development 41 agreements with landowners and/or governmental agencies to encourage a stronger 42 commitment to comprehensive and capital facilities planning,ensure the provision of adequate X 43 public facilities for development, encourage the efficient use of resources, and reduce the W 44 economic cost of development. E 00180864-v1 00122598-v11 Page 1 of 20 I Packet Pg. 2639 1 E. This Agreement, among other things, is intended to and shall constitute a development E 2 agreement among the Parties pursuant to the Florida Local Government Development .2 3 Agreement Act, Section 163.3223, et seq.,Florida Statutes (the"Act"). > 4 5 F. The Parties recognize that the public noticing and hearing procedures shall follow the 6 requirements of Section 163.3225, Florida Statutes, which requires the local government to E 7 conduct two public hearings, one of which may be before the Planning Commission. 8 9 G. Monroe County finds that entering into this Agreement furthers the purposes, goals,objectives 10 and policies of the Monroe County Comprehensive Plan which contains goals and objectives 11 that seek to encourage the provision of affordable housing through incentive programs and 12 regulations (including but not limited to Goal 601, Objective 601.1, Objective 601.2 and 13 Objective 601.6). 14 15 H. Tropic Palms, 6125 Second Street, Stock Island, Florida is generally described as follows: C14 16 C� 17 1. Wrecker's Cay owns that certain real property located at 6125 Second Street, Stock Island, 18 Florida ("Tropic Palms"). A copy of the Deed evidencing Wrecker's Cay's ownership is W 19 attached hereto and incorporated herein as Exhibit 1. Historically and currently Tropic in 20 Palms was and is being used as a Mobile Home/RV Park. > W 21 22 2. Tropic Palms is legally described as set forth in Exhibit 2,attached hereto and incorporated 23 herewith. 24 25 3. As of the date of this Agreement,Tropic Palms is assessed by the Monroe County Property U) 26 Appraiser as real estate number 00124560-000000. 27 28 4. Tropic Palms currently has an Urban Residential Mobile Home ("URM") Land Use U) 29 (Zoning) District designation and a corresponding Residential High ("Rfl") Future Land 30 Use Map designation. A copy of the Land Use District Map and Future Land Use Map for 31 Tropic Palms is attached hereto and incorporated herein as Exhibit 3. > 32 33 5. Tropic Palms currently has a Tier Overlay District designation of Tier 111. 34 35 6. Tropic Palms consists of 1.89 acres, including 1.89 acres of upland and 0.00 acres of 36 submerged land. JA 37 38 7. On February 21, 2008, the Acting Monroe County Senior Director of Planning and 39 Environmental Resources issued a Letter of Development Rights Determination("LDRD") 40 providing that Tropic Palms is entitled to twenty-five (25) market rate permanent 41 residential dwelling units'. A copy of the LDRD is attached hereto and incorporated herein X 'The February 21,2008 LDRD recognized twenty-five market rate residential units as lawfully established as a result W of Administrative interpretation No. 01-115, which provided that certain RV units were considered permanent residential units. Administrative Interpretation No. 01-115 has since been rescinded by Administrative Directive E 2012-01,and the ten(10)RVs previously recognized as permanent residential units are now recognized as transient residential units. 00180864-v1 00122598-v11 Page 2 of 20 I Packet Pg. 2640 1 as Exhibit 4. Tropic Palms is lawfully recognized with fifteen (15)permanent residential E 2 units in the for of mobile homes, and ten (10) transient residential units in the for of .2 3 RVs. All twenty-five (25) units existing on Tropic Palms were developed prior to the > 4 implementation of ROGO,and are deemed to be ROGO exempt. 5 6 8. Contemporaneously with the approval of this Agreement, Tropic Palms' Land Use 7 (Zoning)District has been approved for amendment by Monroe County from URM to U . 8 9 I. Water's Edge, 5700 Laurel Avenue, Stock Island, Florida is generally described as follows: 10 11 1. Wrecker's Cay owns that certain real property located at 5700 Laurel Avenue,Stock Island .2 12 Florida ("Water's Edge"). A copy of the Deed evidencing Wrecker's Cay's ownership is U) 13 attached hereto and incorporated herein as Exhibit 5. Historically and currently Water's 14 Edge was and is used as a Mobile Home/RV Park. 15 C14 16 2. Water's Edge is legally described as set forth in Exhibit 6,attached hereto and incorporated C� 17 herein. 18 W 19 3. As of the date of this Agreement,Water's Edge is assessed by the Monroe County Property (n 20 Appraiser as real estate number 00 124540-000000. > W 21 22 4. Water's Edge currently has an Urban Residential ("UW') Land Use (Zoning) District 23 designation and a Residential High ("RH") Future Land Use Map designation. A copy of 24 the Land Use District Map and Future Land Use Map for Water's Edge is attached hereto U) 25 and incorporated herein as Exhibit 7. 26 27 5. Water's Edge currently has a Tier Overlay District designation of Tier 111. 28 U) 29 6. Water's Edge consists of 6.65 acres, consisting of 3.18 upland acres and 3.47 submerged 30 acres. 31 > 32 7. On September 12, 2016, the Monroe County Senior Director of Planning and 33 Environmental Resources issued a LDRD providing that Water's Edge is entitled to fifty- 34 three (53) market rate residential Rate of Growth Ordinance (ROGO) exemptions; eight 35 (8)transient ROGO exemptions,and six hundred seventy-two(672)square feet of NROGO 36 exempt nonresidential floor area. The letter is attached hereto and incorporated herein as JA 37 Exhibit 8. 38 39 J. Woodson, 6325 First Street, Stock Island,Florida is generally described as follows: 2 40 41 1. Wrecker's Cay owns that certain real property located at 6325 First Street, Stock Island, 42 Florida ("Woodson"). A copy of the Deeds evidencing Wrecker's Cay's ownership is 43 attached hereto and incorporated herein as Composite Exhibit 9. Historically and currently X 44 the Woodson was and is used as a Mobile Home Park. W 45 46 E 001.80864-v1 00122598-v11. Page 3 of 20 I Packet Pg. 2641 1 2. Woodson is legally described as set forth in Com osite Exhibit 1.0, attached hereto and E p CL 2 incorporated herein. .2 3 > 4 3. As of the date of this Agreement, Woodson is assessed by the Monroe County Property 5 Appraiser as real estate numbers 00124550-000000 and 00124550-000100. 6 7 4. As of the date hereof,Woodson currently has an Urban Residential Mobile Home("URM") 8 Land Use(Zoning)District designation and a corresponding Residential High(RH)Future 9 Land Use Map designation. A copy of the Land Use District Map and Future 10 Land Use Map for Woodson is attached hereto and incorporated herein as Exhibit 11. 11 12 5. Woodson currently has a Tier Overlay District designation of Tier 111. .2 U) 13 14 6. Woodson consists of 3.29 acres,consisting of 1.79 upland acres and 1.50 submerged acres. 15 16 7. On March 13, 2012, the Monroe County Director of Planning and Environmental C� 17 Resources issued a Letter of Understanding providing that the Woodson Property is entitled 18 to twelve (12) Residential Rate of Growth Ordinance (ROGO) exemptions. The 19 letter is attached as Exhibit 12. W (n 20 > W 21 8. Contemporaneously with the approval of this Agreement, Woodson's Land Use (Zoning) 22 District has been approved for amendment by Monroe County from URM to U . 23 24 K. Road Abandonments U 25 ) 26 1. Contemporaneously with this Agreement, Monroe County has approved the abandonment 27 of the Eastern most portion of Laurel Avenue of which Wrecker's Cay has obtained 28 .24 additional acres. U) 29 30 2. Contemporaneously with this Agreement, Monroe County has approved the abandonment 31 of the Eastern most portion of McDonald Avenue of which Wrecker's Cay has obtained > 32 .65 additional acres. 33 34 3. Contemporaneously with this Agreement,Monroe County has approved the abandonment 35 of the Northern most portion of First Avenue of which Wrecker's Cay has obtained 36 .14 additional acres. JA 37 38 4. The Road Abandonments add 1.03 acres to the total upland acreage to the Wrecker's Cay 39 Property. 40 41 L. Laurel Avenue Spit 42 43 1. The State of Florida and Monroe County have confirmed they do not own the spit that is X 44 adjacent to the Eastern End of Laurel Avenue. W 45 E 00180864-vI 00122598-v11 Page 4 of 20 < I Packet Pg. 2642 1 2. Wrecker's Cay owns the Spit of real property located at Laurel Avenue adjacent to the E 2 Eastern End of Laurel Avenue, Stock Island, Florida ("Spit"). A copy of the Deed .2 3 evidencing Wrecker's Cay's ownership is attached hereto and incorporated herein as > 4 Exhibit 13. 5 6 3. The Spit is legally described as set forth in Exhibit 14, attached hereto and incorporated 7 herein. 8 9 4. The Spit contains 1.21 acres. The total upland acreage of the property including the road 10 abandonments and Spit is equal to 9.1 acres as depicted on the small map and sketch 11 attached as Exhibit 15. .2 12 U) 13 11. PURPOSE 14 15 A. The overall purpose of this Agreement is to allow the Parties to implement the provisions of C14 16 Monroe County Comprehensive Plan Policy I 11.1.1 as applied to the Wrecker's Cay Property C� 17 in order to insure the continued provision of needed employee housing in the unincorporated 18 Lower Keys. 19 w (n 20 B. The Agreement allows the redevelopment of the Wrecker's Cay Property in compliance with > w 21 all applicable provisions of Florida Statutes, the Principles for Guiding Development in the 22 Florida Keys Area of Critical State Concern, the Monroe County Comprehensive Plan, the 23 Master Plan for the Future Development of Stock Island and Key Haven, and the Monroe 24 County Code. U) 25 26 C. The Agreement allows the Parties to implement the provisions of Monroe County 27 Comprehensive Plan Policy I 11.1.1 as applied to the Wrecker's Cay Property in order to 28 supply needed affordable housing in the unincorporated Lower Keys and to allow for a U) 29 reasonable use of the Wrecker's Cay Property by allowing the transfer of market-rate 30 permanent residential TREs lawfully associated with the Wrecker's Cay Property. 31 > 32 D. Wrecker's Cay desires to transfer the TREs associated with Tropic Palms attributable to fifteen 33 (15) lawfully-established and recognized market-rate, per anent residential dwelling units p > 34 (the "Tropic Palms Market Rate TREs") and ten (10) lawfully-established and recognized 35 transient residential dwelling units(the"Tropic Palms Transient TREs")from Tropic Palms to 36 Wrecker's Cay for future transfer to and development upon an eligible receiver site(s). The JA 37 Parties hereto recognize that no transfer to a receiver site(s) or development of the TREs may 38 occur until fifteen (15) affordable residential dwelling units have commenced development 39 including, at a passing the first structural inspection. 40 41 E. This Agreement will allow for a reasonable use of Tropic Palms by allowing the transfer of 42 market rate TREs and transient TREs to an eligible receiver site(s),while assuring preservation :2 43 on the Wrecker's Cay Property of a number of residential dwelling units equivalent to the X 44 number of Tropic Palms Market Rate TREs as employee housing. w 45 46 E 00180864-v1 00122598-v11 Page 5 of 20 I Packet Pg. 2643 1 F. Wrecker's Cay desires to transfer the TREs associated with Water's Edge attributable to fifty- E 2 three (53) lawfully-established and recognized market-rate, permanent residential dwelling .2 3 units (the "Water's Edge Market Rate TREs"), eight (8) lawfully-established and recognized > 4 transient residential dwelling units(the"Water's Edge Transient TREs")to an eligible receiver 5 site. The Parties hereto recognize that no transfer to a receiver site(s) or development of the 6 Water's Edge Market Rate TREs may occur until fifty-three (53) affordable residential 7 dwelling units have commenced development including, at a passing the first structural 8 inspection. Water's Edge six hundred seventy-two (672) NROGO-exempt square feet (the 2 9 "Water's Edge NROGO") from Water's Edge shall be held by Wrecker's Cay for future 10 transfer to and development upon eligible receiver site(s). Transfer of the Water's Edge 11 OGO shall be governed by Monroe County Code Section 138-500). .2 12 U) 13 G. This Agreement will allow for a reasonable use of Water's Edge by allowing the transfer of 14 market-rate TREs, transient TREs, and NROGO to eligible receiver site(s), while assuring 15 preservation on the Wrecker's Cay Property of a number of residential dwelling units C14 CD 16 equivalent to the number of Water's Edge Market Rate TREs as employee housing. C� 17 18 H. Wrecker's Cay desires to transfer the TREs attributable to twelve (12) lawfully-established W 19 and recognized market-rate,permanent residential dwelling units from Woodson to an eligible (n 20 receiver site. The Parties hereto recognize that no transfer to a receiver site(s)or development > W 21 of the TREs or TDRs may occur until twelve (12) affordable residential dwelling units have 22 commenced development including, at a passing the first structural inspection. 23 24 I. This Agreement will allow for a reasonable use of Woodson by allowing the transfer of market- 25 rate TREs to an eligible receiver site, while assuring preservation on the Wrecker's Cay U) 26 Property of an equivalent number of residential dwelling units as affordable housing. 27 28 111.AGREEMENT REQUIREMENTS U) 29 30 A. Recitals. The recitals explaining the intent and purpose of the project as set forth in the 31 preceding clauses are incorporated herein and for a material part of this Agreement. > 32 The Parties recognize the binding effect of Florida Statutes Sections 163.3220-163.3243, as to 33 the form and content of this Agree ment and in accordance therewith set forth.and agree to the > 34 following. 35 36 B. Legal Description and Ownership. The legal descriptions for the Wrecker's Cay Property JA 37 subject to this Agreement are set forth in Exhibits 2, 6, 10, and 14. 38 39 C. Duration of Agreement. This Agreement shall remain in effect for ten (10) years from the 2 40 "Effective Date"as defined herein, and may be extended by mutual consent of the Parties and 41 approval at a public hearing, in accordance with Section 163.3229, Florida Statutes. For the 42 duration of this Agreement, the Parties agree that any development shall comply with and be 43 controlled by this Agreement, the Monroe County Code, and the Monroe County X W 44 Comprehensive Plan governing the development of land in effect on the date of execution of 45 this Agreement, in accordance with Section 163.3220,Florida Statutes. 46 E 00180864-v1 00122598-v11 Page 6 of 20 < I Packet Pg. 2644 1 D. Permitted ses® E 2 .2 3 1, Wrecker's Cay Property, 5700 Laurel Avenue, Stock Island, Florida; 6125 Second Street, 4 Stock Island, Florida; 6325 First Street, Stock Island,Florida: 5 6 a. The Wrecker's Cay Property currently has a UR Land Use (Zoning) District E 7 designation and a corresponding RH Future Land Use Map designation. 8 9 b. In accordance with this Agreement and with the RH Future Land Use Map category, 10 as set forth in Monroe County Comprehensive Plan Policy 101.5.4, the principal 11 purpose of the RH Future Land Use Map category is to provide for high density single- .2 12 family, multi-family, and institutional residential development, including mobile U) 13 homes and manufactured housing, located near employment centers. 14 15 c. In accordance with this Agreement and with the UR Land Use(Zoning)District, as set 16 forth in Monroe County Code Section 130-98,and in compliance with other provisions C� 17 of the Monroe County Code,the permitted uses in the UR Land Use (Zoning)District 17 18 include detached dwellings, attached dwelling units (as a minor conditional use), and W 19 accessory uses. (n 20 > W 21 d. Pursuant to Monroe County Comprehensive Plan Policy 111.1.1, the Wrecker's Cay 22 Property is located within the Stock Island Workforce Area 1. 23 24 e. In accordance with the provisions of Monroe County Comprehensive Plan Policy 25 111.1.1, and notwithstanding any other provisions of the Monroe County 26 Comprehensive Plan or Monroe County Code, (1) the Wrecker's Cay Property has a 27 maximum net density of forty (40)units per buildable acre,the development of which 28 shall not require transferrable development rights; (2) buildings that are voluntarily 29 elevated up to three (3) feet above base flood elevation may be three (3) habitable 30 floors; (3) parking requirements are one (1) parking space per one bedroom unit, two 31 (2) parking spaces per two bedroom unit, and three (3) parking spaces per three > 32 bedroom unit; (4) nonresidential uses are prohibited, but accessory uses to the 33 residential development, such as a shoreside access facility associated with an adjacent 34 County-owned mooring field, club house or recreational facilities, are permitted; (5) 35 no market rate or transient residential units are allowed to be developed or operated; 36 and (6) all habitable buildings located within the 65 - 69 DNL (Day-Night Average JA 37 Sound Level) noise contour pursuant to the 2013 Navy Environmental Impact 38 Statement must be sound attenuated to 25 dB (DNL), however no portion of the 39 Wreckers Cay Property is within the 65 —69 DNL noise contour. 40 41 f. The redevelopment of the Wrecker's Cay Property includes the addition of up to two 42 hundred eighty (280) affordable residential dwelling units, and accessory uses. :2 43 X 44 9. The height of any new structure associated with the redevelopment of the Wrecker's W 45 Cay Property shall not have any habitable floor area above 38 feet from grade, 46 mechanical equipment and architectural features utilized to hide mechanical E 00180864.-v1 00122598-v11 Page 7 of 20 I Packet Pg. 2645 1 equipment, including parapets, may be up to 44 feet above grade, and such structures E 2 may contain three (3) habitable floors. For purposes of measuring height, grade shall .2 3 be 6.12 feet as depicted in the topographic survey attached as Exhibit 16. > 4 5 E. Public Facilities. The impact on public facilities is nominal. The numbers of existing 6 residential dwelling units were recognized in the planning of the sewage treatment plant E 7 serving Stock Island. 8 9 1. The Florida Keys Aqueduct Authority provides domestic potable water to the Wrecker's 10 Cay Property. Excluding existing development that may already be metered, the Florida 11 Keys Aqueduct Authority will individually meter each new affordable residential dwelling .2 12 unit. In addition, the Florida Keys Aqueduct Authority will meter accessory development A 13 accordingly. 14 15 2. Keys Energy Services provides electric service to the Wrecker's Cay Property. 16 Keys Energy Services will individually meter each new affordable residential dwelling C� 17 unit. In addition, Keys Energy Services will meter accessory development accordingly. T- 18 o W 19 3. Solid waste service is provided to the Wrecker's Cay Property by a solid waste collection (n 20 system franchised by Monroe County. > W 21 22 4. The Wrecker's Cay Property is connected to central sewer via KW Resort Utilities Corp.'s 23 system. 24 25 5. Based on preliminary traffic concurrency review, the proposed development is currently U) 26 within 5% below LOS C. In order to be in compliance with Monroe County 27 Comprehensive Plan Policies 301.1.1, 301.1.2, 301.2.2, 301.2.3 and 301.2.4 as well as 28 Land Development Code Sections 114-2(a)(I)a., b., and c., mitigation, or sufficient U) 29 evidence acceptable to Monroe County that the potential trip generation does not exceed 30 LOS C, must be provided prior to issuance of a building permit for the proposed 31 development. Mitigation may be in the form of specific improvements or proportioned > 32 shared contribution towards improvements and strategies identified by the County,and/or 33 FDOT to address any level of service degradation beyond LOS C and/or deficiencies.The 34 applicant shall submit evidence of an agree et between the applicant and the FDOT for 35 inclusion in any contract or agreement for improvements to US 1. For roadway 36 improvements required, the applicant/owner may utilize the following, pursuant to Land JA 37 Development Code Section 114-2(b)(5)c.: 38 a. The necessary facilities and services are in place at the time a development permit is 39 issued; or 40 b. The necessary facilities and services are in place at the time a certificate of occupancy, 41 or its functional equivalent is issued. Prior to commencement of construction, the 42 applicant shall enter into a binding and legally enforceable commitment to the County X 43 to assure construction or improvement of the facility; or W E 00180864 v1 00122598-v11 Page 8 of 20 I Packet Pg. 2646 1 c. A binding executed contract in place at the time a permit is issued which provides for E 0. 2 the commencement of the actual construction of the required facilities or provision of .2 0 3 services; or > 4 d. An enforceable development agreement guaranteeing that the necessary facilities and 5 services will be in place with the issuance of a permit. An enforceable development is 6 agreement may include, but is not limited to, development agreements pursuant to E 0 19 7 section 163.3220, F.S., or an agreement or development order issued pursuant to 0 8 Chapter 380, F.S., or 2 3: 9 e. A proportionate share contribution or construction that is sufficient to accomplish one 10 or more mobility improvement(s) that will benefit a regionally significant 11 transportation facility. A proposed proportionate fair-share mitigation shall be 12 reviewed pursuant to LDC Section 126-2. > 13 14 F. Reservation or Dedication of Land. Wrecker's Cay shall provide Monroe County a cv 15 shoreside access facility open to the public, subject to reasonable rules and regulations and Cv 16 hours,which shall provide, at a minimum dinghy dockage for a mooring field with up to forty 17 (40)mooring balls, dockside pumpout facility,trash/recycling receptacles, along with an area 18 to develop a minimum 400 square foot office/amenity building. Monroe County shall be W (n 19 responsible for the cost of development and all costs of operations of the shoreside access > W 20 facility. The dockside facility identified on the Southeast comer of the Wrecker's Cay Property 21 is conditionally accepted to so long as the preceding requirements can be met. 22 23 G. Development Allowed. The following specific criteria are those which will guide 24 development of the Wrecker's Cay Property,and are standards by which any further approvals 25 shall be measured and shall be as follows: 26 tt: 27 a. The Wrecker's Cay Property consists of 9.1 acres of upland. There currently exist U) 28 eighty(80)market-rate residential dwelling units, eighteen(18)transient units,and six 29 hundred seventy-two (672)non-residential square feet of floor area. 30 31 b. Wrecker's Cay is permitted to transfer eighty(80) market-rate TREs and eighteen(18) 32 transient TREs to an eligible receiver site through a for conditional use permit per 33 Monroe County Code Section 138-22, regardless of receiver site Land Use (Zoning) 34 District. The six hundred seventy-two (672) square feet of NROGO exempt 35 nonresidential floor area will. be held by Wrecker's Cay for future transfer from the 36 Wrecker's Cay Property to an eligible receiver site(s). The market-rate TREs shall not JA 37 be developed on an eligible receiver site until Wrecker's Cay have commenced 38 development including passing the first structural inspection. Transfer of the eighteen 39 (18)transient TREs to an eligible receiver site(s) shall be governed by Monroe County 40 Code Section 138-22, and transfer of the six hundred seventy-two (672) NROGO- 41 exempt nonresidential square feet shall be governed by Monroe County Code Section 42 138-500). X 43 W 4i 44 c. Provided such development can be designed and approved by all applicable codes, 45 including but not limited to the Monroe County Code and Florida Building Code, E 00180864-vI 00122598-vII Page 9 of 20 I Packet Pg. 2647 E 1 Wrecker's Cay is permitted to develop the following buildings,facilities and structures 0. 2 on the Wrecker's Cay pursuant to this Agreement: .2 3 > 4 L Up to two hundred eighty (280) new attached, affordable residential dwelling 5 units deed restricted toemployee housing. 6 7 ii. Accessory structures and uses, including a shoreside access facility consisting 8 of dinghy docks, dockside pump out facility and/or dockage for pump out 2 9 vessel, an office and amenities, and which also may include but shall not be 10 limited to swimming pool, clubhouse, and guardhouse. 11 12 iii. Parking areas and landscaping. 13 14 H. Deed Restrictions for Affordable Housing. The Wrecker's Cay Property shall have a single 15 deed-restriction for two hundred eighty (280) affordable housing units deed restricted to C14 16 employee housing and shall be recorded on all land described in Exhibits 2,6, 10, and 14. The C� 17 income categories for the 280 units shall consist of One Hundred Forty(140)moderate income 18 units, Seventy Median(70) median income units, and Seventy(70) low income units. W 19 (n 20 1. Affordability Compliance. > W 21 22 a. Affordable housing definitions. 23 24 i. Affordable housing means residential dwelling units that meet the following U) 25 requirements: 26 27 a. Meet all applicable requirements of the United States Department of Housing 28 and Urban Development minimum property standards as to room sizes, U) 29 fixtures, landscaping and building materials, when not in conflict with 30 applicable laws of Monroe County; and 31 > 32 b. A dwelling unit whose monthly rent, not including utilities, does not exceed 33 30 percent of that amount which represents either 50 percent (very low > 34 income) or 80 percent (low income) or 100 percent (median income) or 120 35 percent(moderate income)of the monthly median adjusted household income 36 for the county. JA 37 38 ii. Affordable housing trust fund, means a trust fund established and maintained by the 0 39 county for the purpose of preserving existing and promoting creation of new 40 affordable and employee housing. Funds collected for and deposited in the trust 41 fund shall be used exclusively for purposes of creating, preserving or maintaining 42 affordable and employee housing in the Florida Keys. 43 X W 44 iii. Affordable rental housing, low income, means a dwelling unit whose monthly rent, 45 not including utilities, does not exceed 30 percent of the amount that represents 80 46 percent of the monthly median adjusted household income for the county. E 00180864-vI 00122598-v11 Page 10 of 20 1 Packet Pg. 2648 E 2 iv. Affordable rental housing, median income, means a dwelling unit whose monthly .2 3 rent,not including utilities,does not exceed 30 percent of the amount that represents 4 100 percent of the monthly adjusted median household income for the county. 5 V. Affordable rental housing, moderate income, means a dwelling unit whose monthly 6 rent,not including utilities,does not exceed 30 percent of the amount that represents E 7 120 percent of the monthly median adjusted household income for the county. 8 vi. Affordable rental housing, very low income, means a rental dwelling unit whose 2 9 monthly rent, not including utilities, does not exceed 30 percent of the amount that 10 represents 50 percent of the monthly median adjusted household income for the 11 county. .2 12 U) 13 vii. Employee housing means an attached or detached dwelling unit that is intended to 0 14 serve as affordable, permanent housing for working households, which derive at 15 least 70 percent of their household income from gainful employment in the county 16 and meet the requirements for affordable housing as defined in this section and as C� 17 per section 130-161. 18 W 19 (n 20 > 21 W 22 viii. Median income, rental rates and qualifying incomes table, means eligibility 23 requirements compiled each year by the planning department based upon the 24 median annual household income published for the county on an annual basis by 25 the U.S. Department of Housing and Urban Development and similar information 26 for median and moderate income levels from the Florida Housing Finance 27 Corporation. Affordable housing eligibility requirements for each household will 28 be based upon median annual household income adjusted by family size,as set forth U) 29 by the U.S. Department of Housing and Urban Development and the Florida 30 Housing Finance Corporation. The county shall rely upon this information to 31 determine maximum rental rates and maximum household incomes eligible for 32 affordable housing rental or purchase. 33 34 ix. Monthly median household income means the median annual household income for 35 the county divided by 12. 36 37 b. Requirements JA 38 39 i. Tourist housing use or vacation rental use of affordable or employee housing units 2 40 is prohibited. 3: 41 CO 42 ii. The parcel of land proposed for development of affordable oremployee housing 43 shall only be located within a tier III designated area. X 44 W 4i 45 iii. During occupancy of any affordable housing rental unit, not otherwise limited by 46 state or federal statute or rule concerning household income, a household's annual E 47 income may increase to an amount not to exceed 140 percent of the median 00180864-vi 00122598-v11 Page 1.1 of 20 1 Packet Pg. 2649 E 1 household income for the county. If the income of the lessee exceeds this amount, 0. 2 the tenant's occupancy shall terminate at the end of the existing lease term. The .2 3 maximum lease for any term shall be three years or 36 months. 4 5 iv. Pursuant to Monroe County Code Section 139-1(a)(6)(i),when establishing a rental 6 amount, Monroe County shall assume family size as indicated in the table below. 7 This section shall not be used to establish the maximum number of individuals who 8 actually live in the unit. This table shall be used in conjunction with the eligibility 2 9 re quirements created by Monr e County Code Section 101-1: Size of Unit Assumed Family Size Minimum Occupancy 0 Efficiency(no separate) I I One bedroom 2 1 Two bedroom 3 2 C� Iq It- Three bedrooms 4 3 T- o Four or more bedrooms 5 1 per bedroom W (n 10 > W 11 V. The income of eligible households shall be determined by counting only the first 12 and highest paid 40 hours of employment per week of each unrelated adult. For a 13 household containing adults related by marriage or a domestic partnership 14 registered with the county, only the highest 60 hours of the combined employment 15 hours shall be counted, which shall be considered to be 75 percent of the adjusted 16 gross income. The income of dependents regardless of age shall not be counted in 17 calculating a households income. U) 18 19 c. At Monroe County's request, Wrecker's Cay, its successors and assigns, shall provide 20 Monroe County with an annual report demonstrating compliance with the eligibility 21 requirements of Monroe County Code Section 139-1. > 22 23 J. Development and Affordable Housing Standards. The development standards shall be > 24 determined by the application of the standards contained in the Monroe County 25 Comprehensive Plan and the Monroe County Code. Further, the following specific 26 standards shall apply to the development or deed restriction of the affordable housing units. JA 27 28 a. Neither tourist housing use nor vacation rental use of the affordable housing units 29 established on the Wrecker's Cay Property, or any other affordable housing resulting 30 from this Agreement shall be allowed. 31 32 b. Monroe County Code Comp. Plan Policy I 11.1.1 provides the following requirements 33 for this Agreement: X W 34 35 1. Notwithstanding the density standards set forth in Policy 101.5.25, the Maximum E 36 Net Density of the Stock Island Workforce Subarea 1. shall be 280 affordable 00180964 v1 00122598-v11 Page 12 of 20 1 Packet Pg. 2650 E 1 dwelling units at a density of 40 dwelling units per buildable acre for property 0. 2 within the UR zoning districts and shall not require transferable development rights. .2 3 4 2. There shall be no allocated or maximum net density standard available for market 5 rate dwelling units or transient units. 6 7 3. The maximum floor area ratio (FAR)for all nonresidential uses within the subarea 8 shall be zero. A shoreside support facility associated with a mooring field as an 2 9 accessory use associated with the Wreckers Cay project within the RE FL UM and 10 UR Zoning District. 11 12 4. The height of any new structure associated with the redevelopment of the 13 Wrecker's Cay Property shall not have any habitable floor area above 38 feet from 14 grade;mechanical equipment and architectural features utilized to hide mechanical 15 equipment, including parapets, may be up to 44 feet above grade; and such 16 structures may contain three(3)habitable floors. C� 17 T- 18 o w 19 5. Nonresidential uses shall be prohibited. Accessory uses to the residential (n 20 development, such as a club house or recreational facilities, are permitted. > p w 21 A shoreside support facility associated with a mooring field as an accessory use 22 associated with the Wrecker's Cay project within the RH FLU M and UR Zoning 23 District is permitted. 24 U) 25 6. All new residential units developed within the Stock Island Workforce Subarea I 26 shall be subject to the ROGO permit allocation system. 27 28 7. The protest procedures set forth within See. 102-158(d)(8) are applicable to U) 29 applications submitted under this Policy I 11.1.1. 30 31 8. A development agreement shall be required for any proposed development of an > 32 affordable housing project within the Stock Island Workforce Subarea I to define 33 the income category distribution for the proposed development. > 34 35 9. All new affordable units developed within the Stock Island Work-force Subarea I 36 shall require occupants to derive at least seventy percent (70%) of their household JA 37 income from gainful employment in Monroe County. 0 38 39 10. The affordable dwelling units shall be rental units only. 40 41 c. For Monroe County to monitor receipt of the affordable housing OGO allocations, 42 the Parties agree the Board of County Commissioners may approve the allocation 43 reservation by resolution concurrent with this development agreement. It is intended X w 44 that the initial Resolution be consistent with Monroe County Code Section 138- 45 24(b)(4) as follows: 46 E 00180864-v1 00122598-v11 Page.1.3 of 20 1 Packet Pg. 2651 E 1 1. By a corresponding resolution, the Board of County Commissioners shall reserve 0. 2 One Hundred Forty(140)moderate income affordable ROGO allocations, Seventy .2 3 Median (70) median income affordable ROGO allocations, and Seventy (70) low 4 income affordable ROGO allocations for award to the Wrecker's Cay Property 5 which reservation shall be in effect for five(5)years from the effective date of this 6 agreement. 7 8 2. The Board of County Commissioners may,at its discretion,place conditions on any 2 9 reservation, as it deems appropriate. 10 11 d. Pursuant to Monroe County Code Section 139-1(f)(8),upon written agreement between .2 12 the Monroe County Planning Director and an eligible governmental or 13 nongovernmental entity, the Planning Director may authorize that entity to administer 14 the eligibility and compliance requirements for the Monroe County Planning 15 Department under (f)(3), (f)(4), (f)(5) and (f)(6) of this section. Under such an C14 16 agreement, the eligible entity is authorized to qualify a potential renter of affordable C� 17 employee housing , and annually verify the employment and/or income eligibility of 18 tenants pursuant to (f)(2) of this section. The entity shall still be required to provide W 19 the Monroe County Planning Department, by January I of each year, a written (n 20 certification verifying that tenants of each affordable employee housing meet the > p W 21 applicable employment and income requirements of (f)(2). The following 22 governmental and nongovernmental entities shall be eligible for this delegation of 23 authority: a) the county housing authority, not-for-profit community development 24 organizations, pursuant to Section 139-1(e), and other public entities established to 25 provide affordable housing; b) private developers or other nongovernmental U) 26 organizations participating in a federal/state housing financial assistance or tax credit tt: 27 program or receiving some form of direct financial assistance from Monroe County; or 28 c) nongovernmental organizations approved by the Board of County Commissioners U) 29 as affordable housing providers. 30 31 Via this Agreement, the Board of County Commissioners has approved the Parties > 32 of this Agreement (other than Monroe County), which are nongovernmental 33 organizations, as an affordable housing provider. Any qualifier chosen by the Parties > 34 (other than Monroe County) shall be approved by the Planning Director in accordance 35 with(f)(8) of this section. 36 JA 37 K. Site an Approval: The conceptual site plan is attached as Exhibit 17. 38 The development shall be consistent with all applicable codes, including but not limited to 0 39 the Monroe County Comprehensive Plan and Monroe County Land Development Code. 40 Following a review of compliance with such codes,the final site plan must be approved by 41 the Monroe County Planning Commission as a major conditional use permit.The Planning 42 Commission has final authority over the site plan and the site plan may be amended by the 43 Planning Commission. X W 44 E 00180864-vI 00122598 v11 Page 14 of 20 1 Packet Pg. 2652 E I L. Finding of Consistency. By entering into this Agreement, Monroe County finds that the 0. 2 development permitted or proposed herein is consistent with the Monroe County .2 3 Comprehensive Plan and Monroe County Code. 4 5 M. Breach,Amendment,Enforcement, and Termination. 6 7 a. Material Breach: A material breach by the Parties is the failure of any Party to comply 8 with the terms of this Agreement after Notice as provided herein. 2 9 3: 10 b. Notice: Upon any Party's material breach of the terms and conditions of this ;=1 11 Agreement, the non-breaching Party shall serve written Notice of the breach upon the 12 breaching Party pursuant to the procedure established in this Agreement and shall 13 provide the opportunity, within ninety (90) days of the date such Notice is served, to 14 propose a method of fulfilling the Agreement's terms and conditions or curing the 15 breach. The breaching Party shall be provided an additional ninety (90) days to cure N 16 the material breach or to negotiate an amendment to this Agreement within a reasonable Cd Iq It- 17 time,as mutually agreed to by the Parties. This Agreement is not subject to arbitration T_ 18 and must be amended in accordance with the statutory requirements. o W 19 (n 20 c. Amendment or Termination: The Parties hereto shall at all times adhere to the terms > W 21 and conditions of this Agreement. Amendment, termination, extension, or revocation 22 of this Agreement shall be made in accordance with the notification and procedural 23 requirements set forth herein. 24 25 i. Amendments to this Agreement shall subject Parties to the laws and policies in 26 effect at the time of the amendment only if the conditions of Section 163.3233(2), 27 Florida Statutes, are met. 28 29 ii. No modifications, extensions, amendments, or alterations of the terms or 30 conditions contained herein shall be effective unless contained in a written 31 document approved and executed by the Parties. > 32 iii. Amendment, extension or termination shall require at least two (2) public 33 hearings. The hearings shall be held pursuant to an application filed with Monroe > 34 County by the Party seeking to amend or terminate this Agreement, along with 35 the requisite filing fee. Notice of public hearing shall be in accordance with 36 Monroe County Ordinances and Florida Statutes. JA 37 38 d. Enforcement: 39 40 i. After notice and an opportunity to respond and/or cure the material breach as 41 provided for below. In addition, Monroe County may utilize appropriate code 42 compliance remedies to cure any breach after notice and an opportunity to cure 43 as provided herein. X W 44 45 ii. Monroe County, the other Parties, their successors or assigns, or any aggrieved E 46 or any adversely affected person as defined in Section 163.3215(2), Florida 00180864-v1 00122598-v1 I Page 15 of 20 1 Packet Pg. 2653 E 1 Statutes, may file an action for injunctive relief in the Circuit Court of Monroe 0. 2 County to enforce the terms of this Agreement or to challenge compliance with .2 3 the provisions of Sections 163.3243,Florida Statutes. 4 5 iii. Nothing contained herein shall limit any other powers, rights, or remedies that 6 either party has, or may have in the future, to enforce the terms of this 7 Agreement. 8 9 N. Binding Effect of Agreement. The covenants,agreements, and obligations herein contained, 10 except as herein otherwise specifically provided, shall extend to, bind and inure to the benefit 11 of the Parties hereto and their respective personal representatives,heirs,successors and assigns. .2 12 U) 13 O. State and Federal Law. If State or Federal laws enacted after the effective date of this 14 Agreement preclude either Party's compliance with the terms of this Agreement, this 15 agreement shall be modified as is necessary to comply with the relevant State or Federal Laws. C14 16 C� 17 P. Compliance with Other Laws. The failure of this Agreement to address a particular permit, 18 condition, term, or restriction shall not relieve the Parties of the necessity of complying with w 19 the laws governing said permitting requirements, conditions,terms or restrictions. (n 20 > w 21 Q. Reservation of Rights. This Agreement shall not affect any rights, which may have accrued 22 to any party to this Agreement under applicable law. The Parties reserve any and all such 23 rights. All approvals referenced in this Agreement are subordinate to compliance with all 24 applicable laws, codes, and land development regulations and permits, except to the extent 25 otherwise provided for in this Agreement. U) 26 27 R. No Permit. This Agreement is not and shall not be construed as a Development Permit, 28 Development Approval or authorization to commence development, nor shall it relieve the U) 29 Parties other than Monroe County of the obligations to obtain necessary Development 30 Approvals that are required under applicable law and under and pursuant to the terms of this 31 Agreement and Monroe County Code. > 32 33 S. Good Faith; Further Assurances; No Cost. The Parties to this Agreement have negotiated 34 in good faith. It is the intent and agreement of the Parties that they shall cooperate with each 35 other in good faith to effectuate the purposes and intent of, and to satisfy their obligations 36 under, this Agreement in order to secure themselves the mutual benefits created under this JA 37 Agreement. The Parties agree to execute such further documents as may be reasonably 0 38 necessary to effectuate the provisions of this Agreement; provided that the foregoing shall in 39 no way be deemed to inhibit, restrict or require the exercise of Monroe County's police power 40 or actions of Monroe County when acting in a quasi-judicial capacity. Wherever in this 41 Agreement a provision requires cooperation,good faith or similar effort to be undertaken at no 42 cost to a party, the party co-operating, reviewing or undertaking the effort shall, nonetheless, 43 bear its cost of attendance at meetings,hearings,or proceedings and comment and/or execution X w 44 of documents, inclusive of the expense of its counsel. 45 E 00180864-v1 00122598-v11 Page 16 of 20 < I Packet Pg. 2654 E 1 T. Successors and Assigns. This Agreement shall constitute a covenant running with the land 0. 2 which shall be binding upon the Parties hereto,their successors in interest, heirs, assigns, and .2 3 personal.representatives. 4 5 U. Joint Preparation. This Agreement has been drafted with the participation of the Parties and 6 their counsel, and shall not be construed against any party on account of draftsmanship. The 7 captions of each article, section and subsection contained in this Agreement are fore ease of 8 reference only and shall not affect the interpretational meaning of this Agreement. Whenever 9 the term "included" is used in this Agreement, it shall mean that the included items, or terms 10 are included without limitation as to any other items or terms,which may fall within the listed 11 category. .2 12 U) 13 V. Notices. All notices,demands,requests or replies provided for or permitted by this Agreement 0 14 shall be in writing and may be delivered by any one of the following methods: (a)by personal W 15 delivery; (b) by deposit with the United States Postal Service as Certified or Registered mail, 16 return receipt requested, postage prepaid,to the addresses stated below; or(c)by deposit with C� Iq T- 17 an overnight express delivery service with proof of receipt to the addresses stated below. T- 18 Notice shall be deemed effective upon receipt. For purposes of notice, demand, request, or o W 19 replies: W 20 > W 21 22 The address of Monroe County shall be: 23 24 County Administrator 25 1100 Simonton Street, 26 Room 2-205 27 Key West,Florida 33040 28 29 30 31 > 32 And a copy to: 1-1 33 34 Robert Shillinger,Esq. 35 County Attorney 36 PO Box 1026 37 Key West,Florida 33041 38 39 and 40 th 41 1111 12 Street, Suite 408 42 Key West,Florida 33040 43 X 44 The address of Wrecker's Cay shall be: W 45 46 Victor Ballestas E 47 C/O Integra Investments, LLC 00180864 v1 00122598-v11 Page 17 of 20 1 Packet Pg. 2655 1 1,50 SE 2nd Ave, Suite 800 E 2 Miami,FL 33131. .2 3 > 4 And a copy to: 5 6 Barton W. Smith, Esq. E 7 Smith Hawks,P.L. 8 138 Simonton Street 2 9 Key West,Florida 33040 10 11 It is the responsibility of the Parties to promptly notify all other Parties of any change in 12 name or address for receipt of notice, demand,request, or replies. U) 13 14 W. Force Majere. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, 15 acts of God, inability to obtain labor or materials or reasonable substitutes therefore,riot,civil 16 commotion, fire or other casualty and other causes beyond the reasonable control of the party C� 17 obligated to perform, excluding the financial inability of such party to perform and excluding 18 delays resulting from appeals or rehearing, shall excuse the performance by such party for a W 19 period equal to any such period of prevention, delay or stoppage. In order to avail itself of this (n 20 force majeure provision, the party invoking the same shall provide the other_party with a > W 21 written notice that shall consist of a recitation of all events that constitute force majeure events 22 under this Section,together with the beginning and ending dates of such events. 23 24 X. Construction. This Agreement shall be construed in accordance with the laws of the State of 25 Florida. The Parties to this Agreement have participated fully in the negotiation and 26 preparation hereof; and, accordingly, this Agreement shall not be more strictly construed 27 against any one of the Parties hereto. In construing this Agreement,the use of any gender shall 28 include every other and all genders, and captions and section and paragraph headings shall be 29 disregarded. All of the exhibits attached to this Agreement are incorporated in, and made a 30 part of,this Agreement. 31 Y. Omission. The Parties hereto recognize and agree that the failure of this Agreement to address > 32 a particular permit,condition,terms or restriction shall not relieve either Party of the necessity 33 of complying with the law governing said permitting requirements, conditions, term, or > 34 restriction notwithstanding any such omission. 35 36 Z. Jurisdiction and Governing Law. The Parties hereto agree that any and all suits or actions JA 37 at law shall be brought in Monroe County, Florida and no other jurisdiction. This Agreement 0 38 shall be construed and interpreted under the laws of the State of Florida. 39 40 AA.Attorney's Fees and Costs. The Parties agree that in the event any cause of action or 41 administrative proceeding is initiated or defended by any party relative to the enforcement or 42 interpretation of this Agreement,the prevailing party shall be entitled to reasonable attorney's 43 fees, court costs, as an award against the non-prevailing party, and shall include attorney's X W 44 fees, courts costs, in appellate proceedings. Mediation proceedings initiated and conducted 45 pursuant to this Agreement shall be in accordance with the Florida Rules of Civil Procedure 46 and usual and customary procedures required by the circuit court of Monroe County. E 00180864-v1 00122598-v11 Page 18 of 20 I Packet Pg. 2656 E 0. 2 BB.Time of Essence. Time shall be of the essence for each and every provision of this Agreement. .2 3 > 4 CC.Entire Agreement. This Agreement, together with the documents referenced herein, 5 constitute the entire agreement and understanding among the Parties with respect to the subject 6 matter hereof, and there are no other agreements, representations or warranties other than as 7 set forth herein. This Agreement may not be changed, altered or modified except by an 8 instrument in writing signed by the Party against whom enforcement of such change would be 2 9 sought and subject to the requirements for the amendment of development agreements in the 10 Act. 11 .2 12 DD.Counterparts. This Agreement may be executed in one or more counterparts,and by different A 13 Parties hereto in separate counterparts, each of which when executed shall be deemed to an 14 original but all which taken together constitute one and the same agreement. 15 C14 16 EE. Recording. Monroe County shall record this Agreement with the Clerk of the Circuit Court C� 17 of Monroe County within fourteen(14)days following signature by all Parties. Wrecker's Cay 18 agrees that it shall be responsible for all recording fees and other related fees and costs related W 19 to the recording and delivery of this Agreement as described in this section. The provisions (n 20 hereof shall remain in full force and effect during the term provided herein and shall be binding > W 21 upon all successors in interest to the Parties to this Agreement. 22 23 FF. Conflicting Resolutions. All resolutions or parts thereof in conflict with the provisions of this 0 24 Agreement and its resolution are hereby repealed to the extent of such conflict. U) 25 26 GG.Severy bill ty. If any part of this Agreement is contrary to, prohibited by, or deemed invalid 0 27 under any applicable law or regulation, such provisions shall be inapplicable and deemed 28 omitted to the extent so contrary, prohibited, or invalid; however, the remainder of the U) 29 Agreement shall not be invalidated thereby and shall be given full force and effect as if the 30 contrary,prohibited, or invalid provision was never a part hereof. 31 > 32 IV. Effective Date. The "Effective Date" of this Agreement is forty-five (45) days after the duly 33 signed and recorded Agreement is received by the Florida Department of Economic 34 Opportunity pursuant to Chapter 380, Florida Statutes, and if appealed, until the appealed is 35 resolved. 36 JA 37 38 IN WITNESS WHEREOF, the Parties hereto have set their hands and seals on the day and year 39 below written. 40 41 WRECKER'S CAY APARTMENTS AT STOCK ISLAND,LLC 42 43 By: ......... ---------------- X 44 W 45 Title: .......... 46 00180864-v1 00122598-v11 Page 19 of 20 I Packet Pg. 2657 E 1 Date: CL 2 .2 3 The foregoing instrument was acknowledged before me on this day of > 4 2020,by. ....._ the managing member of Wreckers Cay Apartments at Stock Island, 5 LLC. He is personally known to me and did not take an oath. 6 7 8 9 10 11 12 U) 13 ATTEST: KEVIN MADOK, CLERK MONROE COUNTY BOARD OF 14 COUNTY COMMISSIONERS 15 C14 16 Iq C� ................. ---------- ----------- Ir- 17 DEPUTY CLERK MAYOR W W U) U) x W E 00180864-v1 00122598-v11 Page 20 of 20 1 Packet Pg. 2658 07 1 2 3 DEVELOPMENT AGREEMENT 4 5 THIS DEVELOPMENT AGREEMENT ("Agreement") is entered into on the day 6 of 2020, by and between Monroe County, Florida, a Political 7 Subdivision of the State of Florida ("Monroe County"), Wrecker's Cay Apartments at Stock 8 Island, LLC, a Florida limited liability company ("Wrecker's Cay") ( individually a "Party" and 9 collectively, the "Parties"), pursuant to Monroe County Comprehensive Plan Policy 111.1.1 and 10 Sections 110-132 and 110-133 of the Monroe County, Florida, Code of Ordinances ("Monroe 11 County Code"), and the Florida Local Government Development Agreement Act,Florida Statutes 12 Sections 163.3220-163.3243 (2018), and is binding on the "Effective Date" set forth herein: 13 14 WITNESSETH: 15 16 The Parties hereby agree as follows: 17 18 I. RECITALS 19 20 A. This Agreement involves the redevelopment of property located at 5700 Laurel Avenue, Stock 21 Island, Florida, historically known as Water's Edge Colony Trailer Park ("Water's Edge"); 22 6125 Second Street, Stock Island, Florida, currently known as Tropic Palms Mobile Home 23 Park and historically known as Rolf s Trailer Park ("Tropic Palms"), and 6325 First Street, 24 Stock Island, Florida, historically known as Woodson's Trailer Park ("Woodson"). Water's 25 Edge,Tropic Palms,and Woodson are collectively referred to as the"Wrecker's Cay Property" 26 herein. 27 28 B. This Agreement involves the redevelopment of Wrecker's Cay Property as Two Hundred 29 Eighty(280) deed-restricted affordable dwelling units. The eighty(80) market rate permanent 30 Transferrable Residential Rate of Growth Ordinance Exemptions("TREs")associated with the 31 Wrecker's Cay Property, as well as the eighteen (18) transient TREs associated with the 32 Wrecker's Cay Property and six hundred seventy-two (672) square feet of Nonresidential Rate 33 of Growth Ordinance ("NROGO") exempt floor area associated with the Wrecker's Cay 34 Property shall be available for transfer to an eligible receiver site(s) as specified in this 35 Agreement and per the Land Development Code and Comprehensive Plan. 36 37 C. All Parties have the authority to enter into this Agreement through Florida Statutes Chapter 38 163 and the sole and undivided ownership of the Wrecker's Cay Property. 39 40 D. Section 163.3220, Florida Statutes, authorizes Monroe County to enter into development 41 agreements with landowners and/or governmental agencies to encourage a stronger 42 commitment to comprehensive and capital facilities planning,ensure the provision of adequate 43 public facilities for development, encourage the efficient use of resources, and reduce the 44 economic cost of development. 00180864-v1 00122598-v11 Page 1 of 20 1 E. This Agreement, among other things, is intended to and shall constitute a development 2 agreement among the Parties pursuant to the Florida Local Government Development 3 Agreement Act, Section 163.3223, et seq., Florida Statutes (the "Act"). 4 5 F. The Parties recognize that the public noticing and hearing procedures shall follow the 6 requirements of Section 163.3225, Florida Statutes, which requires the local government to 7 conduct two public hearings, one of which may be before the Planning Commission. 8 9 G. Monroe County finds that entering into this Agreement furthers the purposes,goals, objectives 10 and policies of the Monroe County Comprehensive Plan which contains goals and objectives 11 that seek to encourage the provision of affordable housing through incentive programs and 12 regulations (including but not limited to Goal 601, Objective 601.1, Objective 601.2 and 13 Objective 601.6). 14 15 H. Tropic Palms, 6125 Second Street, Stock Island, Florida is generally described as follows: 16 17 1. Wrecker's Cay owns that certain real property located at 6125 Second Street, Stock Island, 18 Florida ("Tropic Palms"). A copy of the Deed evidencing Wrecker's Cay's ownership is 19 attached hereto and incorporated herein as Exhibit 1. Historically and currently Tropic 20 Palms was and is being used as a Mobile Home/RV Park. 21 22 2. Tropic Palms is legally described as set forth in Exhibit 2, attached hereto and incorporated 23 herewith. 24 25 3. As of the date of this Agreement,Tropic Palms is assessed by the Monroe County Property 26 Appraiser as real estate number 00124560-000000. 27 28 4. Tropic Palms currently has an Urban Residential Mobile Home ("URM") Land Use 29 (Zoning) District designation and a corresponding Residential High ("RH") Future Land 30 Use Map designation. A copy of the Land Use District Map and Future Land Use Map for 31 Tropic Palms is attached hereto and incorporated herein as Exhibit 3. 32 33 5. Tropic Palms currently has a Tier Overlay District designation of Tier III. 34 35 6. Tropic Palms consists of 1.89 acres, including 1.89 acres of upland and 0.00 acres of 36 submerged land. 37 38 7. On February 21, 2008, the Acting Monroe County Senior Director of Planning and 39 Environmental Resources issued a Letter of Development Rights Determination("LDRD") 40 providing that Tropic Palms is entitled to twenty-five (25) market rate permanent 41 residential dwelling unitsl. A copy of the LDRD is attached hereto and incorporated herein 'The February 21,2008 LDRD recognized twenty-five market rate residential units as lawfully established as a result of Administrative Interpretation No. 01-115, which provided that certain RV units were considered permanent residential units. Administrative Interpretation No. 01-115 has since been rescinded by Administrative Directive 2012-01, and the ten (10)RVs previously recognized as permanent residential units are now recognized as transient residential units. 00180864-vi 00122598-vii Page 2 of 20 1 as Exhibit 4. Tropic Palms is lawfully recognized with fifteen (15) permanent residential 2 units in the form of mobile homes, and ten (10) transient residential units in the form of 3 RVs. All twenty-five (25) units existing on Tropic Palms were developed prior to the 4 implementation of ROGO, and are deemed to be ROGO exempt. 5 6 8. Contemporaneously with the approval of this Agreement, Tropic Palms' Land Use 7 (Zoning) District has been approved for amendment by Monroe County from URM to UR. 8 9 I. Water's Edge, 5700 Laurel Avenue, Stock Island, Florida is generally described as follows: 10 11 1. Wrecker's Cay owns that certain real property located at 5700 Laurel Avenue,Stock Island, 12 Florida ("Water's Edge"). A copy of the Deed evidencing Wrecker's Cay's ownership is 13 attached hereto and incorporated herein as Exhibit 5. Historically and currently Water's 14 Edge was and is used as a Mobile Home/RV Park. 15 16 2. Water's Edge is legally described as set forth in Exhibit 6,attached hereto and incorporated 17 herein. 18 19 3. As of the date of this Agreement,Water's Edge is assessed by the Monroe County Property 20 Appraiser as real estate number 00124540-000000. 21 22 4. Water's Edge currently has an Urban Residential ("UR") Land Use (Zoning) District 23 designation and a Residential High ("RH") Future Land Use Map designation. A copy of 24 the Land Use District Map and Future Land Use Map for Water's Edge is attached hereto 25 and incorporated herein as Exhibit 7. 26 27 5. Water's Edge currently has a Tier Overlay District designation of Tier III. 28 29 6. Water's Edge consists of 6.65 acres, consisting of 3.18 upland acres and 3.47 submerged 30 acres. 31 32 7. On September 12, 2016, the Monroe County Senior Director of Planning and 33 Environmental Resources issued a LDRD providing that Water's Edge is entitled to fifty- 34 three (53) market rate residential Rate of Growth Ordinance (ROGO) exemptions; eight 35 (8)transient ROGO exemptions,and six hundred seventy-two(672)square feet of NROGO 36 exempt nonresidential floor area. The letter is attached hereto and incorporated herein as 37 Exhibit 8. 38 39 J. Woodson, 6325 First Street, Stock Island, Florida is generally described as follows: 40 41 1. Wrecker's Cay owns that certain real property located at 6325 First Street, Stock Island, 42 Florida ("Woodson"). A copy of the Deeds evidencing Wrecker's Cay's ownership is 43 attached hereto and incorporated herein as Composite Exhibit 9. Historically and currently 44 the Woodson was and is used as a Mobile Home Park. 45 46 00180864-v1 00122598-v11 Page 3 of 20 1 2. Woodson is legally described as set forth in Composite Exhibit 10, attached hereto and 2 incorporated herein. 3 4 3. As of the date of this Agreement, Woodson is assessed by the Monroe County Property 5 Appraiser as real estate numbers 00124550-000000 and 00124550-000100. 6 7 4. As of the date hereof,Woodson currently has an Urban Residential Mobile Home("URM") 8 Land Use(Zoning)District designation and a corresponding Residential High(RH)Future 9 Land Use Map designation. A copy of the Land Use District Map and Future 10 Land Use Map for Woodson is attached hereto and incorporated herein as Exhibit 11. 11 12 5. Woodson currently has a Tier Overlay District designation of Tier III. 13 14 6. Woodson consists of 3.29 acres, consisting of 1.79 upland acres and 1.50 submerged acres. 15 16 7. On March 13, 2012, the Monroe County Director of Planning and Environmental 17 Resources issued a Letter of Understanding providing that the Woodson Property is entitled 18 to twelve (12) Residential Rate of Growth Ordinance (ROGO) exemptions. The 19 letter is attached as Exhibit 12. 20 21 8. Contemporaneously with the approval of this Agreement, Woodson's Land Use (Zoning) 22 District has been approved for amendment by Monroe County from URM to UR. 23 24 K. Road Abandonments 25 26 1. Contemporaneously with this Agreement, Monroe County has approved the abandonment 27 of the Eastern most portion of Laurel Avenue of which Wrecker's Cay has obtained 28 .24 additional acres. 29 30 2. Contemporaneously with this Agreement, Monroe County has approved the abandonment 31 of the Eastern most portion of McDonald Avenue of which Wrecker's Cay has obtained 32 .65 additional acres. 33 34 3. Contemporaneously with this Agreement, Monroe County has approved the abandonment 35 of the Northern most portion of First Avenue of which Wrecker's Cay has obtained 36 .14 additional acres. 37 38 4. The Road Abandonments add 1.03 acres to the total upland acreage to the Wrecker's Cay 39 Property. 40 41 L. Laurel Avenue Spit 42 43 1. The State of Florida and Monroe County have confirmed they do not own the spit that is 44 adjacent to the Eastern End of Laurel Avenue. 45 00180864-v1 00122598-v11 Page 4 of 20 • 1 2. Wrecker's Cay owns the Spit of real property located at Laurel Avenue adjacent to the 2 Eastern End of Laurel Avenue, Stock Island, Florida ("Spit"). A copy of the Deed 3 evidencing Wrecker's Cay's ownership is attached hereto and incorporated herein as 4 Exhibit 13. 5 6 3. The Spit is legally described as set forth in Exhibit 14, attached hereto and incorporated 7 herein. 8 9 4. The Spit contains 1.21 acres. The total upland acreage of the property including the road 10 abandonments and Spit is equal to 9.1 acres as depicted on the small map and sketch 11 attached as Exhibit 15. 12 13 II. PURPOSE 14 15 A. The overall purpose of this Agreement is to allow the Parties to implement the provisions of 16 Monroe County Comprehensive Plan Policy 111.1.1 as applied to the Wrecker's Cay Property 17 in order to insure the continued provision of needed employee housing in the unincorporated 18 Lower Keys. 19 20 B. The Agreement allows the redevelopment of the Wrecker's Cay Property in compliance with 21 all applicable provisions of Florida Statutes, the Principles for Guiding Development in the 22 Florida Keys Area of Critical State Concern, the Monroe County Comprehensive Plan, the 23 Master Plan for the Future Development of Stock Island and Key Haven, and the Monroe 24 County Code. 25 26 C. The Agreement allows the Parties to implement the provisions of Monroe County 27 Comprehensive Plan Policy 111.1.1 as applied to the Wrecker's Cay Property in order to 28 supply needed affordable housing in the unincorporated Lower Keys and to allow for a 29 reasonable use of the Wrecker's Cay Property by allowing the transfer of market-rate 30 permanent residential TREs lawfully associated with the Wrecker's Cay Property. 31 32 D. Wrecker's Cay desires to transfer the TREs associated with Tropic Palms attributable to fifteen 33 (15) lawfully-established and recognized market-rate, permanent residential dwelling units 34 (the "Tropic Palms Market Rate TREs") and ten (10) lawfully-established and recognized 35 transient residential dwelling units (the"Tropic Palms Transient TREs") from Tropic Palms to 36 Wrecker's Cay for future transfer to and development upon an eligible receiver site(s). The 37 Parties hereto recognize that no transfer to a receiver site(s) or development of the TREs may 38 occur until fifteen (15) affordable residential dwelling units have commenced development 39 including, at a passing the first structural inspection. 40 41 E. This Agreement will allow for a reasonable use of Tropic Palms by allowing the transfer of 42 market rate TREs and transient TREs to an eligible receiver site(s),while assuring preservation 43 on the Wrecker's Cay Property of a number of residential dwelling units equivalent to the 44 number of Tropic Palms Market Rate TREs as employee housing. 45 46 00180864-vl 00122598-v11 Page 5 of 20 1 F. Wrecker's Cay desires to transfer the TREs associated with Water's Edge attributable to fifty- 2 three (53) lawfully-established and recognized market-rate, permanent residential dwelling 3 units (the "Water's Edge Market Rate TREs"), eight (8) lawfully-established and recognized 4 transient residential dwelling units (the"Water's Edge Transient TREs")to an eligible receiver 5 site. The Parties hereto recognize that no transfer to a receiver site(s) or development of the 6 Water's Edge Market Rate TREs may occur until fifty-three (53) affordable residential 7 dwelling units have commenced development including, at a passing the first structural 8 inspection. Water's Edge six hundred seventy-two (672) NROGO-exempt square feet (the 9 "Water's Edge NROGO") from Water's Edge shall be held by Wrecker's Cay for future 10 transfer to and development upon eligible receiver site(s). Transfer of the Water's Edge 11 NROGO shall be governed by Monroe County Code Section 138-50(j). 12 13 G. This Agreement will allow for a reasonable use of Water's Edge by allowing the transfer of 14 market-rate TREs, transient TREs, and NROGO to eligible receiver site(s), while assuring 15 preservation on the Wrecker's Cay Property of a number of residential dwelling units 16 equivalent to the number of Water's Edge Market Rate TREs as employee housing. 17 18 H. Wrecker's Cay desires to transfer the TREs attributable to twelve (12) lawfully-established 19 and recognized market-rate,permanent residential dwelling units from Woodson to an eligible 20 receiver site. The Parties hereto recognize that no transfer to a receiver site(s) or development 21 of the TREs or TDRs may occur until twelve (12) affordable residential dwelling units have 22 commenced development including, at a passing the first structural inspection. 23 24 I. This Agreement will allow for a reasonable use of Woodson by allowing the transfer of market- 25 rate TREs to an eligible receiver site, while assuring preservation on the Wrecker's Cay 26 Property of an equivalent number of residential dwelling units as affordable housing. 27 28 III.AGREEMENT REQUIREMENTS 29 30 A. Recitals. The recitals explaining the intent and purpose of the project as set forth in the 31 preceding clauses are incorporated herein and form a material part of this Agreement. 32 The Parties recognize the binding effect of Florida Statutes Sections 163.3220-163.3243, as to 33 the form and content of this Agreement and in accordance therewith set forth and agree to the 34 following. 35 36 B. Legal Description and Ownership. The legal descriptions for the Wrecker's Cay Property 37 subject to this Agreement are set forth in Exhibits 2, 6, 10, and 14. /38 V 39 C. Duration of Agreement. This Agreement shall remain in effect for tea-(t ) years from the 40 "Effective Date" as defined herein, and may be extended by mutual consent of the Parties and 41 approval at a public hearing, in accordance with Section 163.3229, Florida Statutes. For the 42 duration of this Agreement, the Parties agree that any development shall comply with and be 43 controlled by this Agreement, the Monroe County Code, and the Monroe County 44 Comprehensive Plan governing the development of land in effect on the date of execution of 45 this Agreement, in accordance with Section 163.3220, Florida Statutes. 46 00180864-v1 00122598-v11 Page 6 of 20 1 D. Permitted Uses. 2 3 1. Wrecker's Cay Property, 5700 Laurel Avenue, Stock Island, Florida; 6125 Second Street, 4 Stock Island, Florida; 6325 First Street, Stock Island, Florida: 5 6 a. The Wrecker's Cay Property currently has a UR Land Use (Zoning) District 7 designation and a corresponding RH Future Land Use Map designation. 8 9 b. In accordance with this Agreement and with the RH Future Land Use Map category, 10 as set forth in Monroe County Comprehensive Plan Policy 101.5.4, the principal 11 purpose of the RH Future Land Use Map category is to provide for high density single- 12 family, multi-family, and institutional residential development, including mobile 13 homes and manufactured housing, located near employment centers. 14 15 c. In accordance with this Agreement and with the UR Land Use (Zoning) District, as set 16 forth in Monroe County Code Section 130-98,and in compliance with other provisions 17 of the Monroe County Code, the permitted uses in the UR Land Use (Zoning) District 18 include detached dwellings, attached dwelling units (as a minor conditional use), and 19 accessory uses. 20 21 d. Pursuant to Monroe County Comprehensive Plan Policy 111.1.1, the Wrecker's Cay 22 Property is located within the Stock Island Workforce Area 1. 23 24 e. In accordance with the provisions of Monroe County Comprehensive Plan Policy 25 111.1.1, and notwithstanding any other provisions of the Monroe County 26 Comprehensive Plan or Monroe County Code, (1) the Wrecker's Cay Property has a 27 maximum net density of forty (40) units per buildable acre, the development of which 28 shall not require transferrable development rights; (2) buildings that are voluntarily 29 elevated up to three (3) feet above base flood elevation ma be three (3) habitable ✓1 30 floors; (3)parking requirements are 31 one (1) parking space per one bedroom unit, two (2) parking spaces pe two bedroom t 32 unit, and three (3) parking spaces per three bedroom unit; (4) nonresidential uses are 33 prohibited, but accessory uses to the residential development, such as a shoreside 34 access facility associated with an adjacent County-owned mooring field,club house or 35 recreational facilities, are permitted; (5)no market rate or transient residential units are 36 allowed to be developed or operated; and (6) all habitable buildings located within the 37 65 — 69 DNL (Day-Night Average Sound Level) noise contour pursuant to the 2013 38 Navy Environmental Impact Statement must be sound attenuated to 25 dB (DNL), 39 however no portion of the Wreckers Cay Property is within the 65 — 69 DNL noise 40 contour. 41 42 f. The redevelopment of the Wrecker's Cay Property includes the addition of up to two 43 hundred eighty (280) affordable residential dwelling units, and accessory uses. 44 45 g. The height of any new structure associated with the redevelopment of the Wrecker's 46 Cay Property shall not have any habitable floor area above 38 feet from grade, 00180864-vl 00122598-vii Page 7 of 20 1 mechanical equipment and architectural features utilized to hide mechanical 2 equipment, including parapets, may be up to 44 feet above grade, and such structures 3 may contain three (3) habitable floors. For purposes of measuring height, grade shall 4 be 6.12 feet as depicted in the topographic survey attached as Exhibit 16. 5 6 E. Public Facilities. The impact on public facilities is nominal. The numbers of existing 7 residential dwelling units were recognized in the planning of the sewage treatment plant 8 serving Stock Island. 9 10 1. The Florida Keys Aqueduct Authority provides domestic potable water to the Wrecker's 11 Cay Property. Excluding existing development that may already be metered, the Florida 12 Keys Aqueduct Authority will individually meter each new affordable residential dwelling 13 unit. In addition, the Florida Keys Aqueduct Authority will meter accessory development 14 accordingly. 15 16 2. Keys Energy Services provides electric service to the Wrecker's Cay Property. 17 Keys Energy Services will individually meter each new affordable residential dwelling 18 unit. In addition, Keys Energy Services will meter accessory development accordingly. 19 20 3. Solid waste service is provided to the Wrecker's Cay Property by a solid waste collection 21 system franchised by Monroe County. 22 23 4. The Wrecker's Cay Property is connected to central sewer via KW Resort Utilities Corp.'s 24 system. 25 26 5. Based on preliminary traffic concurrency review, the proposed development is currently 27 within 5% below LOS C. In order to be in compliance with Monroe County 28 Comprehensive Plan Policies 301.1.1, 301.1.2, 301.2.2, 301.2.3 and 301.2.4 as well as 29 Land Development Code Sections 114-2(a)(1)a., b., and c., mitigation, or sufficient 30 evidence acceptable to Monroe County that the potential trip generation does not exceed 31 LOS C, must be provided prior to issuance of a building permit for the proposed 32 development. Mitigation may be in the form of specific improvements or proportioned 33 shared contribution towards improvements and strategies identified by the County, and/or 34 FDOT to address any level of service degradation beyond LOS C and/or deficiencies. The 35 applicant shall submit evidence of an agreement between the applicant and the FDOT for 36 inclusion in any contract or agreement for improvements to US 1. For roadway 37 improvements required, the applicant/owner may utilize the following, pursuant to Land 38 Development Code Section 114-2(b)(5)c.: 39 a. The necessary facilities and services are in place at the time a development permit is 40 issued; or 41 b. The necessary facilities and services are in place at the time a certificate of occupancy, 42 or its functional equivalent is issued. Prior to commencement of construction, the 43 applicant shall enter into a binding and legally enforceable commitment to the County 44 to assure construction or improvement of the facility; or 00180864-vl 00122598-v11 Page 8 of 20 1 c. A binding executed contract in place at the time a permit is issued which provides for 2 the commencement of the actual construction of the required facilities or provision of 3 services; or 4 d. An enforceable development agreement guaranteeing that the necessary facilities and 5 services will be in place with the issuance of a permit. An enforceable development 6 agreement may include, but is not limited to, development agreements pursuant to 7 section 163.3220, F.S., or an agreement or development order issued pursuant to 8 Chapter 380, F.S., or 9 e. A proportionate share contribution or construction that is sufficient to accomplish one 10 or more mobility improvement(s) that will benefit a regionally significant 11 transportation facility. A proposed proportionate fair-share mitigation shall be 12 reviewed pursuant to LDC Section 126-2. 13 14 F. Reservation or Dedication of Land. Wrecker's Cay shall provide Monroe County a 15 shoreside access facility open to the public, subject to reasonable rules and regulations and 16 hours, which shall provide, at a minimum dinghy dockage for a mooring field with up to forty 17 (40) mooring balls, dockside pumpout facility, trash/recycling receptacles, along with an area 18 to develop a minimum 400 square foot office/amenity building. Monroe County shall be 19 responsible for the cost of development and all costs of operations of the shoreside access 20 facility. The dockside facility identified on the Southeast corner of the Wrecker's Cay Property 21 is conditionally accepted to so long as the preceding requirements can be met. 22 23 G. Development Allowed. The following specific criteria are those which will guide 24 development of the Wrecker's Cay Property, and are standards by which any further approvals 25 shall be measured and shall be as follows: 26 27 a. The Wrecker's Cay Property consists of 9.1 acres of upland. There currently exist 28 eighty(80) market-rate residential dwelling units, eighteen (18) transient units, and six 29 hundred seventy-two (672) non-residential square feet of floor area. 30 31 b. Wrecker's Cay is permitted to transfer eighty (80) market-rate TREs and eighteen (18) 32 transient TREs to an eligible receiver site through a minor conditional use permit per 33 Monroe County Code Section 138-22, regardless of receiver site Land Use (Zoning) 34 District. The six hundred seventy-two (672) square feet of NROGO exempt 35 nonresidential floor area will be held by Wrecker's Cay for future transfer from the 36 Wrecker's Cay Property to an eligible receiver site(s). The market-rate TREs shall not 37 be developed on an eligible receiver site until Wrecker's Cay have commenced 38 development including passing the first structural inspection. Transfer of the eighteen 39 (18) transient TREs to an eligible receiver site(s) shall be governed by Monroe County 40 Code Section 138-22, and transfer of the six hundred seventy-two (672) NROGO- 41 exempt nonresidential square feet shall be governed by Monroe County Code Section 42 138-50(j). 43 44 c. Provided such development can be designed and approved by all applicable codes, 45 including but not limited to the Monroe County Code and Florida Building Code, 00180864-v1 00122598-v11 Page 9 of 20 1 Wrecker's Cay is permitted to develop the following buildings,facilities and structures 2 on the Wrecker's Cay pursuant to this Agreement: 3 4 i. Up to two hundred eighty (280) new attached, affordable residential dwelling 5 units deed restricted to employee housing. 6 7 ii. Accessory structures and uses, including a shoreside access facility consisting 8 of dinghy docks, dockside pump out facility and/or dockage for pump out 9 vessel, an office and amenities, and which also may include but shall not be 10 limited to swimming pool, clubhouse, and guardhouse. 11 12 iii. Parking areas and landscaping. 13 14 H. Deed Restrictions for Affordable Housing. The Wrecker's Cay Property shall have a single 15 deed-restriction for two hundred eighty (280) affordable housing units deed restricted to 16 employee housing and shall be recorded on all land described in Exhibits 2, 6/,.�10, and 14. The 17 j income categories for the 280 units shall consist of One Hundred Forty(148)moderate income 18 units, Sevent Median (7,97 Vadiaa income units, and Sevent (70)low income units. 19 • f w �_.*. ..-*. �._ .i:_ le 20 % n1- 21 35 22 I. Affordability Compliance. 23 24 a. Affordable housing definitions. 25 26 i. Affordable housing means residential dwelling units that meet the following 27 requirements: 28 29 a. Meet all applicable requirements of the United States Department of Housing 30 and Urban Development minimum property standards as to room sizes, 31 fixtures, landscaping and building materials, when not in conflict with 32 applicable laws of Monroe County; and 33 34 b. A dwelling unit whose monthly rent, not including utilities, does not exceed 35 30 percent of that amount which represents either 50 percent (very low 36 income) or 80 percent (low income) or 100 percent (median income) or 120 37 percent(moderate income)of the monthly median adjusted household income 38 for the county. 39 40 ii. Affordable housing trust fund, means a trust fund established and maintained by the 41 county for the purpose of preserving existing and promoting creation of new 42 affordable and employee housing. Funds collected for and deposited in the trust 43 fund shall be used exclusively for purposes of creating, preserving or maintaining 44 affordable and employee housing in the Florida Keys. 45 00180864-vl 00122598-v11 Page 10 of 20 1 iii. Affordable rental housing, low income, means a dwelling unit whose monthly rent, 2 not including utilities, does not exceed 30 percent of the amount that represents 80 3 percent of the monthly median adjusted household income for the county. 4 5 iv. Affordable rental housing, median income, means a dwelling unit whose monthly 6 rent,not including utilities,does not exceed 30 percent of the amount that represents 7 100 percent of the monthly adjusted median household income for the county. 8 v. Affordable rental housing, moderate income, means a dwelling unit whose monthly 9 rent,not including utilities,does not exceed 30 percent of the amount that represents 10 120 percent of the monthly median adjusted household income for the county. 11 vi. Affordable rental housing, very low income, means a rental dwelling unit whose 12 monthly rent, not including utilities, does not exceed 30 percent of the amount that 13 represents 50 percent of the monthly median adjusted household income for the 14 county. 15 16 vii. Employee housing means an attached or detached dwelling unit that is intended to 17 serve as affordable, permanent housing for working households, which derive at 18 least 70 percent of their household income from gainful employment in the county 19 and meet the requirements for affordable housing as defined in this section and as 20 per section 130-161. 21 22 23 * * * * * * 24 25 viii. Median income, rental rates and qualifying incomes table, means eligibility 26 requirements compiled each year by the planning department based upon the 27 median annual household income published for the county on an annual basis by 28 the U.S. Department of Housing and Urban Development and similar information 29 for median and moderate income levels from the Florida Housing Finance 30 Corporation. Affordable housing eligibility requirements for each household will 31 be based upon median annual household income adjusted by family size,as set forth 32 by the U.S. Department of Housing and Urban Development and the Florida 33 Housing Finance Corporation. The county shall rely upon this information to 34 determine maximum rental rates and maximum household incomes eligible for 35 affordable housing rental or purchase. 36 37 ix. Monthly median household income means the median annual household income for 38 the county divided by 12. 39 40 b. Requirements 41 42 i. Tourist housing use or vacation rental use of affordable or employee housing units 43 is prohibited. 44 45 ii. The parcel of land proposed for development of affordable or employee housing 46 shall only be located within a tier III designated area. 47 00180864-v1 00122598-v11 Page 11 of 20 1 iii. During occupancy of any affordable housing rental unit, not otherwise limited by 2 state or federal statute or rule concerning household income, a household's annual 3 income may increase to an amount not to exceed 140 percent of the median 4 household income for the county. If the income of the lessee exceeds this amount, 5 the tenant's occupancy shall terminate at the end of the existing lease term. The 6 maximum lease for any term shall be three years or 36 months. 7 8 iv. Pursuant to Monroe County Code Section 139-1(a)(6)(i),when establishing a rental 9 amount, Monroe County shall assume family size as indicated in the table below. 10 This section shall not be used to establish the maximum number of individuals who 11 actually live in the unit. This table shall be used in conjunction with the eligibility 12 requirements created by Monroe County Code Section 101-1: Size of Unit Assumed Family Size Minimum Occupancy Efficiency (no separate) 1 1 One bedroom 2 1 Two bedroom 3 2 Three bedrooms 4 3 Four or more bedrooms 5 1 per bedroom 13 14 v. The income of eligible households shall be determined by counting only the first 15 and highest paid 40 hours of employment per week of each unrelated adult. For a 16 household containing adults related by marriage or a domestic partnership 17 registered with the county, only the highest 60 hours of the combined employment 18 hours shall be counted, which shall be considered to be 75 percent of the adjusted 19 gross income. The income of dependents regardless of age shall not be counted in 20 calculating a household's income. 21 22 c. At Monroe County's request, Wrecker's Cay, its successors and assigns, shall provide 23 Monroe County with an annual report demonstrating compliance with the eligibility 24 requirements of Monroe County Code Section 139-1. 25 26 J. Development and Affordable Housing Standards. The development standards shall be 27 determined by the application of the standards contained in the Monroe County 28 Comprehensive Plan and the Monroe County Code. Further, the following specific 29 standards shall apply to the development or deed restriction of the affordable housing units. 30 31 a. Neither tourist housing use nor vacation rental use of the affordable housing units 32 established on the Wrecker's Cay Property, or any other affordable housing resulting 33 from this Agreement shall be allowed. 34 35 b. Monroe County Code Comp. Plan Policy 111.1.1 provides the following requirements 36 for this Agreement: 00180864-v1 00122598-vii Page 12 of 20 1 2 1. Notwithstanding the density standards set forth in Policy 101.5.25, the Maximum 3 Net Density of the Stock Island Workforce Subarea 1 shall be 280 affordable 4 dwelling units at a density of 40 dwelling units per buildable acre for property 5 within the UR zoning districts and shall not require transferable development rights. 6 7 2. There shall be no allocated or maximum net density standard available for market 8 rate dwelling units or transient units. 9 10 3. The maximum floor area ratio (FAR) for all nonresidential uses within the subarea 11 shall be zero. A shoreside support facility associated with a mooring field as an 12 accessory use associated with the Wreckers Cay project within the RH FLUM and 13 UR Zoning District. 14 15 4. The height of any new structure associated with the redevelopment of the 16 Wrecker's Cay Property shall not have any habitable floor area above 38 feet from 17 grade; mechanical equipment and architectural features utilized to hide mechanical 18 equipment, including parapets, may be up to 44 feet above grade; and such 19 structures may contain three (3) habitable floors. 20 21 22 5. Nonresidential uses shall be prohibited. Accessory uses to the residential 23 development, such as a club house or recreational facilities, are permitted. 24 A shoreside support facility associated with a mooring field as an accessory use 25 associated with the Wrecker's Cay project within the RH FLUM and UR Zoning 26 District is permitted. 27 28 6. All new residential units developed within the Stock Island Workforce Subarea 1 29 shall be subject to the ROGO permit allocation system. 30 31 7. The protest procedures set forth within Sec. 102-158(d)(8) are applicable to 32 applications submitted under this Policy 111.1.1. 33 34 8. A development agreement shall be required for any proposed development of an 35 affordable housing project within the Stock Island Workforce Subarea 1 to define 36 the income category distribution for the proposed development. 37 38 9. All new affordable units developed within the Stock Island Workforce Subarea 1 39 shall require occupants to derive at least seventy percent (70%) of their household 40 income from gainful employment in Monroe County. 41 42 10. The affordable dwelling units shall be rental units only. 43 44 c. For Monroe County to monitor receipt of the affordable housing ROGO allocations, 45 the Parties agree the Board of County Commissioners may approve the allocation 46 reservation by resolution concurrent with this development agreement. It is intended 00180864-vl 00122598-v11 Page 13 of 20 • 1 that the initial Resolution be consistent with Monroe County Code Section 138- 2 24(b)(4) as follows: 3 et-6 4 / 1. By a corresponding resolution, the Board of County Commissioners reserve 5 ✓ One Hundred Forty(1O moderate income affordable ROGO allocations, Seventy 6 Median (,7 )Median income affordable ROGO allocations, and Seventy (70) low 7 income affordable ROGO allocations for award to the Wrecker's Cay Property 8 which reservation shall be in effect for five (5) years from the effective date of this 9 agreement. 10 11 2. The Board of County Commissioners may, at its discretion,place conditions on any 12 reservation, as it deems appropriate. 13 14 d. Pursuant to Monroe County Code Section 139-1(f)(8),upon written agreement between 15 the Monroe County Planning Director and an eligible governmental or 16 nongovernmental entity, the Planning Director may authorize that entity to administer 17 the eligibility and compliance requirements for the Monroe County Planning 18 Department under (f)(3), (f)(4), (f)(5) and (f)(6) of this section. Under such an 19 agreement, the eligible entity is authorized to qualify a potential renter of affordable 20 employee housing , and annually verify the employment and/or income eligibility of 21 tenants pursuant to (f)(2) of this section. The entity shall still be required to provide 22 the Monroe County Planning Department, by January 1 of each year, a written 23 certification verifying that tenants of each affordable employee housing meet the 24 applicable employment and income requirements of (f)(2). The following 25 governmental and nongovernmental entities shall be eligible for this delegation of 26 authority: a) the county housing authority, not-for-profit community development 27 organizations, pursuant to Section 139-1(e), and other public entities established to 28 provide affordable housing; b) private developers or other nongovernmental 29 organizations participating in a federal/state housing financial assistance or tax credit 30 program or receiving some form of direct financial assistance from Monroe County; or 31 c) nongovernmental organizations approved by the Board of County Commissioners 32 as affordable housing providers. 33 34 Via this Agreement, the Board of County Commissioners has approved the Parties 35 of this Agreement (other than Monroe County), which are nongovernmental 36 organizations, as an affordable housing provider. Any qualifier chosen by the Parties 37 (other than Monroe County) shall be approved by the Planning Director in accordance 38 with (f)(8) of this section. 39 40 K. Site Plan Approval: The conceptual site plan is attached as Exhibit 17. 41 The development shall be consistent with all applicable codes, including but not limited to 42 the Monroe County Comprehensive Plan and Monroe County Land Development Code. 43 Following a review of compliance with such codes,the final site plan must be approved by 44 the Monroe County Planning Commission as a major conditional use permit. The Planning 45 Commission has final authority over the site plan and the site plan may be amended by the 46 Planning Commission. 00180864-vl 00122598-vii Page 14 of 20 • 2 L. Finding of Consistency. By entering into this Agreement, Monroe County finds that the 3 development permitted or proposed herein is consistent with the Monroe County 4 Comprehensive Plan and Monroe County Code. 5 6 M. Breach, Amendment,Enforcement, and Termination. 7 8 a. Material Breach: A material breach by the Parties is the failure of any Party to comply 9 with the terms of this Agreement after Notice as provided herein. 10 11 b. Notice: Upon any Party's material breach of the terms and conditions of this 12 Agreement, the non-breaching Party shall serve written Notice of the breach upon the 13 breaching Party pursuant to the procedure established in this Agreement and shall 14 provide the opportunity, within ninety (90) days of the date such Notice is served, to 15 propose a method of fulfilling the Agreement's terms and conditions or curing the 16 breach. The breaching Party shall be provided an additional ninety (90) days to cure 17 the material breach or to negotiate an amendment to this Agreement within a reasonable 18 time, as mutually agreed to by the Parties. This Agreement is not subject to arbitration 19 and must be amended in accordance with the statutory requirements. 20 21 c. Amendment or Termination: The Parties hereto shall at all times adhere to the terms 22 and conditions of this Agreement. Amendment, termination, extension, or revocation 23 of this Agreement shall be made in accordance with the notification and procedural 24 requirements set forth herein. 25 26 i. Amendments to this Agreement shall subject Parties to the laws and policies in 27 effect at the time of the amendment only if the conditions of Section 163.3233(2), 28 Florida Statutes, are met. 29 30 ii. No modifications, extensions, amendments, or alterations of the terms or 31 conditions contained herein shall be effective unless contained in a written 32 document approved and executed by the Parties. 33 iii. Amendment, extension or termination shall require at least two (2) public 34 hearings. The hearings shall be held pursuant to an application filed with Monroe 35 County by the Party seeking to amend or terminate this Agreement, along with 36 the requisite filing fee. Notice of public hearing shall be in accordance with 37 Monroe County Ordinances and Florida Statutes. 38 39 d. Enforcement: 40 41 i. After notice and an opportunity to respond and/or cure the material breach as 42 provided for below. In addition, Monroe County may utilize appropriate code 43 compliance remedies to cure any breach after notice and an opportunity to cure 44 as provided herein. 45 00180864-vl 00122598-v11 Page 15 of 20 1 ii. Monroe County, the other Parties, their successors or assigns, or any aggrieved 2 or any adversely affected person as defined in Section 163.3215(2), Florida 3 Statutes, may file an action for injunctive relief in the Circuit Court of Monroe 4 County to enforce the terms of this Agreement or to challenge compliance with 5 the provisions of Sections 163.3243, Florida Statutes. 6 7 iii. Nothing contained herein shall limit any other powers, rights, or remedies that 8 either party has, or may have in the future, to enforce the terms of this 9 Agreement. 10 11 N. Binding Effect of Agreement. The covenants, agreements, and obligations herein contained, 12 except as herein otherwise specifically provided, shall extend to, bind and inure to the benefit 13 of the Parties hereto and their respective personal representatives,heirs,successors and assigns. 14 15 O. State and Federal Law. If State or Federal laws enacted after the effective date of this 16 Agreement preclude either Party's compliance with the terms of this Agreement, this 17 agreement shall be modified as is necessary to comply with the relevant State or Federal Laws. 18 19 P. Compliance with Other Laws. The failure of this Agreement to address a particular permit, 20 condition, term, or restriction shall not relieve the Parties of the necessity of complying with 21 the laws governing said permitting requirements, conditions, terms or restrictions. 22 23 Q. Reservation of Rights. This Agreement shall not affect any rights, which may have accrued 24 to any party to this Agreement under applicable law. The Parties reserve any and all such 25 rights. All approvals referenced in this Agreement are subordinate to compliance with all 26 applicable laws, codes, and land development regulations and permits, except to the extent 27 otherwise provided for in this Agreement. 28 29 R. No Permit. This Agreement is not and shall not be construed as a Development Permit, 30 Development Approval or authorization to commence development, nor shall it relieve the 31 Parties other than Monroe County of the obligations to obtain necessary Development 32 Approvals that are required under applicable law and under and pursuant to the terms of this 33 Agreement and Monroe County Code. 34 35 S. Good Faith; Further Assurances; No Cost. The Parties to this Agreement have negotiated 36 in good faith. It is the intent and agreement of the Parties that they shall cooperate with each 37 other in good faith to effectuate the purposes and intent of, and to satisfy their obligations 38 under, this Agreement in order to secure themselves the mutual benefits created under this 39 Agreement. The Parties agree to execute such further documents as may be reasonably 40 necessary to effectuate the provisions of this Agreement; provided that the foregoing shall in 41 no way be deemed to inhibit, restrict or require the exercise of Monroe County's police power 42 or actions of Monroe County when acting in a quasi-judicial capacity. Wherever in this 43 Agreement a provision requires cooperation, good faith or similar effort to be undertaken at no 44 cost to a party, the party co-operating, reviewing or undertaking the effort shall, nonetheless, 45 bear its cost of attendance at meetings,hearings,or proceedings and comment and/or execution 46 of documents, inclusive of the expense of its counsel. 00180864-v1 00122598-vii Page 16 of 20 1 2 T. Successors and Assigns. This Agreement shall constitute a covenant running with the land, 3 which shall be binding upon the Parties hereto, their successors in interest, heirs, assigns, and 4 personal representatives. 5 6 U. Joint Preparation. This Agreement has been drafted with the participation of the Parties and 7 their counsel, and shall not be construed against any party on account of draftsmanship. The 8 captions of each article, section and subsection contained in this Agreement are fore ease of 9 reference only and shall not affect the interpretational meaning of this Agreement. Whenever 10 the term "included" is used in this Agreement, it shall mean that the included items, or terms 11 are included without limitation as to any other items or terms, which may fall within the listed 12 category. 13 14 V. Notices. All notices, demands,requests or replies provided for or permitted by this Agreement 15 shall be in writing and may be delivered by any one of the following methods: (a) by personal 16 delivery; (b) by deposit with the United States Postal Service as Certified or Registered mail, 17 return receipt requested, postage prepaid, to the addresses stated below; or (c) by deposit with 18 an overnight express delivery service with proof of receipt to the addresses stated below. 19 Notice shall be deemed effective upon receipt. For purposes of notice, demand, request, or 20 replies: 21 22 23 The address of Monroe County shall be: 24 25 County Administrator 26 1100 Simonton Street, 27 Room 2-205 28 Key West, Florida 33040 29 30 31 32 33 And a copy to: 34 35 Robert Shillinger, Esq. 36 County Attorney 37 PO Box 1026 38 Key West, Florida 33041 39 40 and 41 42 1111 12th Street, Suite 408 43 Key West, Florida 33040 44 45 The address of Wrecker's Cay shall be: 46 47 Victor Ballestas 00180864-v1 00122598-v11 Page 17 of 20 1 C/O Integra Investments, LLC 2 150 SE 2nd Ave, Suite 800 3 Miami, FL 33131 4 5 And a copy to: 6 7 Barton W. Smith, Esq. 8 Smith Hawks, P.L. 9 138 Simonton Street 10 Key West, Florida 33040 11 12 It is the responsibility of the Parties to promptly notify all other Parties of any change in 13 name or address for receipt of notice, demand, request, or replies. 14 15 W. Force Majeure. Any prevention, delay or stoppage due to strikes, lockouts, labor disputes, 16 acts of God, inability to obtain labor or materials or reasonable substitutes therefore,riot, civil 17 commotion, fire or other casualty and other causes beyond the reasonable control of the party 18 obligated to perform, excluding the financial inability of such party to perform and excluding 19 delays resulting from appeals or rehearing, shall excuse the performance by such party for a 20 period equal to any such period of prevention, delay or stoppage. In order to avail itself of this 21 force majeure provision, the party invoking the same shall provide the other_party with a 22 written notice that shall consist of a recitation of all events that constitute force majeure events 23 under this Section, together with the beginning and ending dates of such events. 24 25 X. Construction. This Agreement shall be construed in accordance with the laws of the State of 26 Florida. The Parties to this Agreement have participated fully in the negotiation and 27 preparation hereof; and, accordingly, this Agreement shall not be more strictly construed 28 against any one of the Parties hereto. In construing this Agreement,the use of any gender shall 29 include every other and all genders, and captions and section and paragraph headings shall be 30 disregarded. All of the exhibits attached to this Agreement are incorporated in, and made a 31 part of, this Agreement. 32 Y. Omission. The Parties hereto recognize and agree that the failure of this Agreement to address 33 a particular permit, condition, terms or restriction shall not relieve either Party of the necessity 34 of complying with the law governing said permitting requirements, conditions, term, or 35 restriction notwithstanding any such omission. 36 37 Z. Jurisdiction and Governing Law. The Parties hereto agree that any and all suits or actions 38 at law shall be brought in Monroe County, Florida and no other jurisdiction. This Agreement 39 shall be construed and interpreted under the laws of the State of Florida. 40 41 AA.Attorney's Fees and Costs. The Parties agree that in the event any cause of action or 42 administrative proceeding is initiated or defended by any party relative to the enforcement or 43 interpretation of this Agreement, the prevailing party shall be entitled to reasonable attorney's 44 fees, court costs, as an award against the non-prevailing party, and shall include attorney's 45 fees, courts costs, in appellate proceedings. Mediation proceedings initiated and conducted 00180864-v1 00122598-v11 Page 18 of 20 1 pursuant to this Agreement shall be in accordance with the Florida Rules of Civil Procedure 2 and usual and customary procedures required by the circuit court of Monroe County. 3 4 BB.Time of Essence. Time shall be of the essence for each and every provision of this Agreement. 5 6 CC.Entire Agreement. This Agreement, together with the documents referenced herein, 7 constitute the entire agreement and understanding among the Parties with respect to the subject 8 matter hereof, and there are no other agreements, representations or warranties other than as 9 set forth herein. This Agreement may not be changed, altered or modified except by an 10 instrument in writing signed by the Party against whom enforcement of such change would be 11 sought and subject to the requirements for the amendment of development agreements in the 12 Act. 13 14 DD.Counterparts. This Agreement may be executed in one or more counterparts,and by different 15 Parties hereto in separate counterparts, each of which when executed shall be deemed to an 16 original but all which taken together constitute one and the same agreement. 17 18 EE. Recording. Monroe County shall record this Agreement with the Clerk of the Circuit Court 19 of Monroe County within fourteen(14)days following signature by all Parties. Wrecker's Cay 20 agrees that it shall be responsible for all recording fees and other related fees and costs related 21 to the recording and delivery of this Agreement as described in this section. The provisions 22 hereof shall remain in full force and effect during the term provided herein and shall be binding 23 upon all successors in interest to the Parties to this Agreement. 24 25 FF. Conflicting Resolutions. All resolutions or parts thereof in conflict with the provisions of this 26 Agreement and its resolution are hereby repealed to the extent of such conflict. 27 28 GG.Severability. If any part of this Agreement is contrary to, prohibited by, or deemed invalid 29 under any applicable law or regulation, such provisions shall be inapplicable and deemed 30 omitted to the extent so contrary, prohibited, or invalid; however, the remainder of the 31 Agreement shall not be invalidated thereby and shall be given full force and effect as if the 32 contrary,prohibited, or invalid provision was never a part hereof. 33 34 IV. Effective Date. The "Effective Date" of this Agreement is forty-five (45) days after the duly 35 signed and recorded Agreement is received by the Florida Department of Economic 36 Opportunity pursuant to Chapter 380, Florida Statutes, and if appealed, until the appealed is 37 resolved. 38 39 40 IN WITNESS WHEREOF, the Parties hereto have set their hands and seals on the day and year 41 below written. 42 43 WRECKER'S CAY APARTMENTS AT STOCK ISLAND,LLC 44 45 By: 46 00180864-vi 00122598-v11 Page 19 of 20 1 Title: 2 3 Date: 4 5 The foregoing instrument was acknowledged before me on this day of , 6 2020, by , the managing member of Wreckers Cay Apartments at Stock Island, 7 LLC. He is personally known to me and did not take an oath. 8 9 10 11 12 13 14 15 ATTEST: KEVIN MADOK, CLERK MONROE COUNTY BOARD OF 16 COUNTY COMMISSIONERS 17 18 19 DEPUTY CLERK MAYOR 00180864-v1 00122598-v11 Page 20 of 20 1 Wrecker's Cay-Stock Island Summary 1. Wreckers Cay Goal, Obj and Subarea Policy CP Text Amend (2018-120) (05—6455) • Amend the Monroe County Comprehensive Plan to establish a goal and objective that incentivizes affordable housing on Stock Island o Create a subarea policy that would provide additional development restrictions and allowances for properties located at 6325 First Street, 6125 Second Street and 5700 Laurel Avenue on Stock Island a r. a H: 101.-1 v ihir-..,,,,*, .. . Igi.1 tfri •440-N,.*4•0'1-,`'•• - i z i • I,- a Silt: � x`' s ' f� �3 . ' ' i . NI Lailiik. , • ..„-24- 41. . liim,","qx. ,- a A1710 I , 2 .0,‘ .6._-;.,,,_ .., ': i )=5:... • ‘:,IP' ,, 4,Lut_. : ..e. ...:.i ll ' ' iallk ,4 ip- : ' .„. • ..-..c . o Limit the permitted uses of the subarea to deed restricted affordable housing dwelling units (workforce) o Increases the established the maximum net density for affordable housing to 40 dwelling units per buildable acre for a maximum of 280 units (increase from 25 DU per buildable acre) o Increases the height limit: habitable floor area up to 38 feet, mechanical equipment up to 44 feet (must be screened), allows for 3 floors above parking o Allows for off-street parking requirements in the subarea to be altered through a Development Agreement o Provides for the transfer of existing TREs within Stock Island through a minor conditional use permit o Eliminates allocated density and floor area ratio on the Property o Allows for the possibility of a shoreside support facility associated with a mooring field as a permitted accessory use o Requires the Development Agreement to specify the income category distribution for the proposed development o All affordable units are rental units 2. LDC Text Amendment—Sec. 130-157 Density Increase (06—6427) • Amend Section 130-157 to allow for a density increase above the maximum net density in the Urban Residential (UR) zoning district for a property subject to a site specific subarea policy established under proposed Goal 111 of the Monroe County Comprehensive Plan. Page 1 of 5 .. Wrecker's Cay—Stock Island Summary 3. LUD Map Amendment-6325 First St. and 6125 Second St., Stock Island (Wrecker's Cay) (02 - 6419) • Urban Residential Mobile Home (URM) to Mixed Use (MU) • The proposed Zoning amendment would result in: Residential Market Rate Allocated:+11.16 units TDR/Market Rate Residential Max Net:+40.26 units Net Change in Development Affordable Residential Max Net: +83.87 units affordable Potential Based on Zoning Transient Allocated: +20.96 rooms/spaces(no change) Nonresidential: 0 SF MU r irr :e uc �' * uR :1 4 - - - �i ,o UR ...—._1, NMI r ,A — ++ „:' - �/ / ---, �- y / / Existing Zoning Map Designation Proposed Zoning Map Designation *Change in density for Urban Residential Mobile proposed ROW abandonment. Home (URM) Urban Residential(UR) Max Net Max Net with Allocated with TDRs Allocated TDRs ROW SF Acre 1 DU/lot N/A 6 du/gross acre 12 du/buildable McDonald 19,344 0.44 0 N/A 2.66 4.26 1st 6,250 0.14 0 N/A 0.86 1.38 Total ROW 25,594 0.59 0 0 3.53 5.64 Page 2 of 5 Wrecker's Cay—Stock Island Summary 4. Wrecker's Cay Laurel Ave Road Abandonment adopt hearing (03- 5336) • Abandonment of a portion of Laurel Avenue in Maloney's Subdivision of Stock Island • Laurel Avenue serves as an access road which terminates at the east end of the parcel owned by Wrecker's Cay - ram• `n _-3 i `- t,-- 'y f 2 m '1 r ^,i Murray Marine IURE r— L. 0.. _iv-_-�J it .�4 a. ce �rr__-_R�I �-r .�� ---' • .1_,, • r y, a. . ` t. Spit(Wreckers Cay 411, „Is:. _, , 4 V,,.:„...,;4. 5. ROW abandonment -MacDonald Avenue & First Street, Stock Island (04- 6112) • Abandonment of a portion of MacDonald Avenue and First Street in Maloney's Subdivision of Stock Island igi',./ , ''', ,.., ..- s Pk ), , .7*\,. t .441_, ,,,,00441., -/•Iserl.s' _est.,. ‘:'.:.‘ ,a, ii n If IgP ' N..,. 1 I it‘ • . : It +�4" + , 1 .1 r ,r ' .• + '/. iL1' 1 _" _'fir ..,,• . a 7, • 4, . t\.. • lk.,, ti . , .• t • t i , E ir6 1 \ • .! - _ - • 1ST A ;- < _;����' 7 t , ...-7 , -- ,,,i. • 1 - -A 4- ,,,7,., - !", 0\ 1 - ' -... flit I tip ...;. 1 i. .... ' _. c , . . ,,, rpm -11..0 , Page 3 of 5 Wrecker's Cay—Stock Island Summary 6. Wreckers Cay Development Agreement (07—6451) If approved, the proposed development agreement would: • Provide a duration of 10 years to complete the project. • A maximum of 280 deed-restricted affordable employee housing dwelling units in the following income categories: o 140 moderate income units o 70 median income units; and o 70 low income units. • Allow a maximum height for structures of 38 feet from grade, mechanical equipment and architectural features utilized to hide mechanical equipment, including parapets, may be up to 44 feet above grade. • Outline required County development permits including a major conditional use permit, ROGO allocation awards, and building permits. • Allow for a parking requirement of 1 parking space per 1-bedroom unit; 2 spaces per 2-bedroom unit; and 3 spaces per 3-bedroom unit. • Allow the transfer of 80 market rate TREs to site(s)within Stock Island regardless of zoning category, and the transfer of 18 transient TREs and six hundred seventy-two (672) square feet of Nonresidential Rate of Growth Ordinance ("NROGO") exempt floor area to eligible receiver sites per Monroe County Code Section 138-22 and 138-50. • Provide the reservation or dedication of land to Monroe County for a shoreside access facility open to the public. • Specify that preliminary traffic concurrency shows the proposed development to be within 5%of the adopted LOS C, and that mitigation for impacts will be required prior to commencement of construction. • The County cannot enter into the agreement until the proposed Comprehensive Plan, Land Development Code, Map Amendment and ROW abandonments have become effective. • Once the development agreement is approved by the BOCC, the project will require a Major Conditional Use Permit 7. Monroe County AFH ROGO Reservation -Wreckers Cay(I1—6410) • Requesting a reservation for 280 affordable housing allocations consisting of 70 low income, 70 median and 140 moderate income Proposed Maximum Monthly Rental Rates #Units Low Median Moderate Unit Size 80% 100% 120% 1 BR/1B 96 2 BR/1B 72 Efficiency $1,339 $1,675 $2,010 2 BR/2B 88 1 bedroom $1,530 $1,913 $2,295 2 bedrooms $1,721 $2,153 $2,583 3 BR/2B 24 3 bedrooms $1,913 $2,390 $2,868 4+bedrooms $2,066 $2,583 $3,099 Page 4 of 5 Wrecker's Cay-Stock Island Summary Income Limits for a Single Person Household Low Median Moderate Income Limits for Married or Domestic Partners Size 80% 100% 120% Household Low Median Moderate 1 Persons $53,550 $67,000 $80,400 Size 80% 100% 120% 2 Persons $61,200 $76,500 $91,800 2 Persons $81,600 $102,000 $107,200 3 Persons $68,850 $86,100 $103,320 3 Persons $91,800 $114,800 $122,400 4 Persons $76,500 $95,600 $114,720 4 Persons $102,000 $127,467 $137,760 5 Persons $82,650 $103,300 $123,960 5 Persons $110,200 $137,733 $152,960 6 Persons $88,750 $110,900 $133,080 6 Persons $118,333 $147,867 $165,280 7 Persons $94,900 $118,600 $142,320 7 Persons $126,533 $158,133 $177,440 8 Persons $101,000 $126,200 $151,440 8 Persons $134,667 $168,267 $189,760 • Affordable housing allocations pursuant to Monroe County Code Section 138-24(b)4. LDC Section 138-24(b)4. states: Notwithstanding the provisions of Section 138-26 for awarding of affordable housing allocations, the BOCC may reserve by resolution some or all of the available affordable housing allocations for award to certain sponsoring agencies or specific housing programs consistent with all other requirements of this chapter. Building permits for these reserved allocations shall be picked up within six months of the effective reservation date, unless otherwise authorized by the BOCC in its resolution.The BOCC may,at its discretion, place conditions on any reservation as it deems appropriate. These reservations may be authorized by the BOCC for:...(4) Specific affordable or employee housing programs sponsored by the county pursuant to procedures and guidelines as may be established from time to time by the BOCC; • Current affordable ROGO balance: 337 (112 Very Low/Low/Median; 225 Moderate) Pending projects requiring Affordable ROGOs: Development Allocations Note Monroe County CDBG-DR - 10 (1/22/2020 agenda item for reservation) Conch Key (10 VL/L/Med) Coco Palms project Cudjoe 16 (1/22/2020 agenda item for reservation) (11 V/L/Med; 5 Mod) Wreckers Cay 280 (1/22/2020 agenda item for reservation) (140 V/L/Med; 140 Mod) School Board Sugarloaf 20 (no reservation request yet; BOCC has adopted Comp Plan Subarea Policy for affordable housing on this site) Suncrest Landings Stock (no reservation; building permit already Island 1 submitted and under review) Potential Balance if all above 10 are approved/allocated: (0 V/L/Med; 10 Mod) Page 5 of 5