Item C3a
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: December 20, 2001
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of resolutions authorizing the purchase and conveyance of property
for affordable housing - Johnsonville subdivision on Big Coppitt 1 Monroe County Housing Authority.
Item Background: This item is proposed to assist the Monroe County Housing Authority (MCHA) in
providing affordable housing for the long term in the form of rental units.
The subject property is a 4,900 sq. ft. lot developed with a two bedroom, one bathroom house that
abuts three vacant lots previously acquired by the Land Authority in partnership with MCHA. MCHA is
in the process of developing the three vacant lots and proposes acquiring the subject property to
increase the economy of scale for the overall site. Acquiring this property will make MCHA's
wastewater facilities more cost effective (2 aerobic units serving 4 houses rather than 2 units serving 3
houses) and will provide an additional turn-key affordable rental in a neighborhood where MCHA will
already have a management presence. Once the property has been purchased, the Land Authority will
impose permanent deed restrictions and convey the property to MCHA for management. The proposed
deed restrictions follow MCHA's affordability policy. The Land Authority's standard purchase contract
will be used, with the closing contingent upon simultaneous conveyance of the property to MCHA. The
attached spreadsheet lists the legal description, purchase price, and estimated closing costs.
Advisory Committee Action: On November 29, 2001 the Advisory Committee voted 5/0 to approve
this item.
Previous Governing Board Action: The Board approved the purchase of the adjoining three lots on
November 22, 2000.
Contract/Agreement Changes: NIA
Staff Recommendation: Approval.
Total Cost: $ 133,481.00
Budgeted: Yes X
No
Costto Land Authority: $ 133,481.00
Approved By: Attorney ~
Executive Director Approval:
OMBlPur~
~ . ~ark J. Rosch
Risk Management
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #3a
Property
Johnsonville (PB 1-53)
Block 9, Lot 9
(Hernandez)
Purchase
Price
$130,000.00
PURCHASE CONTRACTS
12/20/01
Envr. Audit, Survey
or Clean-up
$2,000.00
Title
Insurance
$825.00
1 of 1
Attorney
Fee
$650.00
Recording
Fee
$6,00
Acquisition
Total
$133,481.00
RESOLUTION NO.
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY AUTHORIZING
THE PURCHASE AND CONVEYANCE OF PROPERTY IN
JOHNSONVILLE SUBDIVISION FOR THE PURPOSE OF
PROVIDING AFFORDABLE HOUSING IN PARTNERSHIP WITH
THE MONROE COUNTY HOUSING AUTHORITY.
WHEREAS, section 380.0666(3), Florida Statutes (FS) and section 9.3-2, Monroe County Code,
empower the Monroe County Comprehensive Plan Land Authority (hereinafter "Land Authority")
to acquire an interest in real property for the purpose of providing affordable housing to very low,
low, and moderate income persons as defined in section 420.0004, FS, where said acquisitions
are consistent with a comprehensive plan adopted pursuant to Chapter 380, FS; and
WHEREAS, on June 15, 2000, the Land Authority Governing Board adopted Resolution 04-
2000 pertaining to Monroe County Housing Authority Plan 2000, which includes the strategy of
scattered site single-family and duplex rental housing as a means of providing long-term
affordable housing in a manner consistent with the community character of the Keys; and
WHEREAS, as a means of implementing the scattered site rental strategy, Resolution 04-2000
calls for the Land Authority to purchase property and convey same to the Monroe County
Housing Authority, subject to deed restrictions addressing affordability requirements; and
WHEREAS, the Land Authority Advisory Committee considered the subject purchase and
conveyance at a meeting held on November 29, 2001 and recommends approval by a 5/0 vote;
NOW, THEREFORE,
BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY:
Section 1. The Chairman of the Land Authority Governing Board is hereby authorized to sign
the Land Authority's standard purchase contract for the purchase of Block 9, Lot 9, Johnsonville
subdivision (PB 1-53) on Big Coppitt Key, said parcel having the parcel identification number of
152140-000000 (hereinafter "subject property"), at a purchase price of $130,000.00.
Section 2. At closing, the Chairman of the Land Authority Governing Board is hereby authorized
to sign a deed conveying the subject property to the Monroe County Housing Authority. Said
deed shall restrict future use of the property to the guidelines specified in Section 3 below.
Section 3. Future use of the subject property is limited to residential development for occupancy
by very low, low, or moderate income persons as defined in section 420.0004, Florida Statutes,
and as further restricted by Monroe County regulations and the Monroe County Housing
Authority rental affordability policy, said policy being identified as deed restrictions in Attachment
A. Notwithstanding the 50-year affordability period in the Housing Authority affordability policy,
these deed restrictions shall not expire and may only be released by the Land Authority.
Page 1 of 2
PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a
regular meeting on this day of 2001.
(Seal)
ATTEST:
Mark J. Rosch
Executive Director
Approved for Legal Sufficiency
Larry R. Erskine
MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
Nora Williams
Chairman
Page 2 of 2
ATTACHMENT A
DEED RESTRICTIONS
The property shall be developed with affordable housing for very low, low, or moderate income
persons as defined in section 420.0004, Florida Statutes, consistent with the following policies of
the Monroe County Housing Authority:
1. Income targeting shall be at 80% of median adjusted for family size. Income targeting may
increase to 120% to maintain occupancy levels and financial feasibility but not to exceed
40% of project units.
2. Rental rates shall not exceed the Housing Credit (HC) program as adjusted annually for
residents at 80% of the median and State Housing Initiatives Partnership (SHIP) program
rental rates for residents at 120% of the median.
3. The compliance requirements shall be the same as the He program as contained in the
Florida Housing Finance Corporation (FHFC) Compliance Manual and shall be the
responsibility of the developer to insure compliance annually.
4. The income targeting (rents) program requirements for the HC, MRB, SAIL, and HOME
programs when competitively obtained requiring lower rents shall take precedence.
5. The US Department of Housing and Urban Development occupancy requirements (family
composition) shall be adhered to, as they pertain to occupancy.
The above restrictions shall not expire and may only be released by the Monroe County
Comprehensive Plan Land Authority.
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