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Item C2 lAND AUTHORITY GOVERNING BOARD AGENDA ITEM SUMMARY Meeting Date: June 21, 2001 Bulk Item: Yes No X Department: Land Authority Agenda Item Wording: Approval to purchase property in Winston Park subdivision as an affordable housing site in partnership with Habitat for Humanity of the Upper Keys. Item Background: This item is proposed to assist Habitat for Humanity of the Upper Keys, Inc. (HFH) in providing affordable housing in the form of single-family homeownership. The subject property consists of 4 vacant lots in Winston Park subdivision on Key Largo with disturbed and exotic vegetation. The Land Authority's partnership with HFH is based on the following sequence of steps: 1) the Land Authority purchasing the site; 2) the Land Authority imposing affordable housing deed restrictions and donating the site to HFH; 3) HFH obtaining ROGO allocations and developing each of the 4 lots with a single-family home; 4) HFH selling the resulting housing to income-qualified residents; and 5) HFH monitoring compliance with the affordability requirements. Today's item is to authorize staff to proceed with step 1 only. Staff will request Board approval to proceed with step 2 at a future meeting. Funding for these purchases will come from the Land Authority's local revenue. The Land Authority's standard purchase contract will be used, with the closings contingent upon HFH accepting a simultaneous transfer of title with affordability restrictions. The agenda packet spreadsheet lists the legal descriptions, purchase prices, and closing costs for these transactions. Advisory Committee Action: On May 31, 2001 the Advisory Committee voted 5/0 to approve this item. Previous Governing Board Action: On May 17, 2001 the authorized adding this property to the Acquisition List. Contract/Agreement Changes: NIA Staff Recommendation: Approval Total Cost: $ 41,953.50 Budgeted: Yes X No Cost to land Authority: $ 41,953.50 Executive Director Approval: ~B~?:= Mark J. Rosch Risk Management Approved By: Attorney ~ Documentation: Included: X To Follow: Not Required: Disposition: Agenda Item LA #2 PURCHASE CONTRACTS 06/21/01 Purchase Envr. Audit, Survey Title Attorney Recording Acquisition Property Price or Clean-up Insurance Fee Fee Total Winston Park (PB 4-104) Block 1, Lots 5 & 22 $20,500.00 N/A $220.75 $250.00 $6.00 $20,976.75 (Scott/Koch) Block 1, Lots 6 & 20 $20,500.00 N/A $220.75 $250.00 $6.00 $20,976.75 (Scott) Total $41,953.50 00 ~5 00 (f) <{~ Q~ C::z 0- -1<{ u..~ ~ J <{ ~~ 000 ~ D Oz ~~ ~g a . w 00 C::~ w::> 0..0 ~~() ~ Q ~ <!> g; o . t~~~/I .~ .~ ..~~ f, ~~.,Iy /' "y' I . \0 / / ~~.,~'-l~---- I ' ",~~j'~ j II .' ,.."y;/' .. I ,~I .1.1 I ..x~ 1/ :4o · j~ : i : S '., .v/1/c-- (,~.: fro --;- ......... "~:---... - ;::;. .40 T' ~ z ." . ' '4 :\t' '..' / .. / 4. r--- a~ _,_' " / / . V1I . , "./..~ a.i.r ~ DIlml ..."', .. 'I <.<......... ,'ll .. ,~\t- . . . · '/1. It ~,.... n 12 T ~ I ,.. 'I oC l~oC . t' I . . ~ . I . ~ ~ . 'ill'I'/ 0( ~.. ~ 4 " . I~ 4 · g 8 '0(' ..' .~. ~ il . -;- ~. . A. . , : ~~ ~., .. j , " 0(1. . . · I~ ~ ~ :-:-1~1~ : IT "0 ,I'J!" 'I. Q to ft' ~ I ~'. , · .) ~ i i ~ "AUlA DIlrn IT i I i3 . ,~ . , , , · ,,' t ~ · A. ~' . . j .. 15 --:4 t . .. , .'~23 . r-:-i If . ; .. .. . I .. I .. i to .. ) . . .. .. . .. . .. .. .. .. .. .. . . , . '. " .. .. .... .. .. .. . . .. .. .. .. .. . .. .. .. . . . . .~" .. f;~. ..1'" , r". · ........ .. . .. . . . !'... 1lA" - ~ . . . -- .. . to . -- . . . . . to --~ .. L_ DIlrn . .'....It .. . .. to I "j. . . ........ .. ~ .1, 'I'~ .1.1,' ""~ t-I-- · o' ~ .... ..,..... ~~--.- ~ . 0 _~ 41'" L--.vTTAf DIlrn >--- · ~ '" T1 ~i~ I · I' · ~ \ (.~. ~ ~ ~ ~~l~ I~~r:"'-.' ' A.LilIio · A.: Iii I ~ · '"' .. · · .. · ..! ..'<' ~ I- ru~1rt1~' .~ - ~ ~~,' ~,: ~-j--~'-~~-1 ll~ - r of. · · · · j -"- '--;- · ~ : ~ -"--- ! ii' ~ --;-~ ., f' · . , . . . . . , Mile Marker 102 Property WINSTON PARK ss o ~ SS KEY URGO -. NA 'd '" -. r MSIH I~ ) ~ r -yv-...-- ..-- , , , -/'0 ;) (;'~ ~ Island KEY LARGO