Item M4
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date:
June 19, 2002
Division: Growth Mana~ement
Bulk Item: Yes
No
x
Department: Nt A
AGENDA ITEM WORDING: Approval of a resolution assigning ROGO allocations, transferable ROGO exempt units,
and nutrient reduction credits to the Meridian West affordable multi-family housing project on Stock Island.
ITEM BACKGROUND: The Board of County Commissioners has been requested by Meridian West, Ltd., to award
ROGO allocations and nutrient reductions sufficient to permit the construction of the I02-units Meridian West
Apartments, a proposed affordable housing project on Stock Island. This project received conditional use approval from
the Planning Commission on March 13, 2002.
At this time Meridian West, Ltd., needs this specific commitment from the County in order for the County Planning
Director to sign Form 29, Site Plan Approval, including the availability of ROGO allocations (with nutrient reduction
credits) for its application for StatelFederal tax credit funding. This form must be signed by the Planning Director prior to
June 26, 2002.
12 of the 102 units will be accounted for by replacement of existing units on-site. Prior to BOCC action on this item, the
Land Authority will consider the conveyance of25 transferable ROGO exempt units (TRE) and six (6) nutrient reduction
credits to Meridian West, Ltd., for this project.
The remaining 65 ROGO allocations with nutrient reduction credits needed to authorize all 102 units are to come from the
following sources: 42 affordable housing allocations with nutrient reduction credits available from the general ROGO
pool in the Lower Keys; 3 nutrient reduction credits from the Department of Health; all 14'transferable exempt units
remaining from a pool of 90 ROGO exempt units authorized to replace units to be eliminated from downstairs enclosures
under a Florida Statutes (F.S.) Chapter 380 Agreement between the Florida Department of Community Affairs (DCA) and
the County; and 9 ROGO affordable housing allocations from a pool of 201 affordable housing allocations authorized
under a F.S. Chapter 380 Agreement between the DCA and the County,
The proposed resolution calls for the BOCC to authorize the assignment of these transferable ROGO exempt units, ROGO
allocations, and nutrient reduction credits to Meridian West Apartments, The proposed assignment of exempt units,
allocations, and nutrient reduction credits is contingent upon the development successfully receiving construction funding
from the Florida Housing Finance Corporation,
PREVIOUS RELEVANT BOARD ACTION: On March 20, 2002, the BOCC, acting as the Land Authority, approved
a $1.5 million, 50-year zero interest mortgage for the Meridian West Apartments.
CONTRACT/AGREEMENT CHANGES: N/A
STAFF RECOMMENDATION: Approval
TOTAL COST: N/ A
BUDGETED: Yes
No
N/A
COST TO COUNTY: N/A
REVENUE PRODUCING: Yes N/A No
AMOUNT PER MONTH N/A YEAR
APPROVED BY: County Attorney
x
Risk Management
N/A
DIVISION DIRECTOR APPROVAL:
CP
DOCUMENTATION: Included
x
To follow
Not Required _
DISPOSITION:
AGENDA ITEM #:
ft/L/
/ /
RESOLUTION -2002
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA
AUTHORIZING THE ASSIGNMENT OF ROGO ALLOCATIONS,
TRANSFERABLE ROGO EXEMPT UNITS AND NUTRIENT
REDUCTION CREDITS TO MERIDIAN WEST, LTD. TO
PROVIDE FOR THE DEVELOPMENT OF AFFORDABLE
HOUSING ON STOCK ISLAND
WHEREAS, on March 20, 2002, the Monroe County Land Authority approved
providing a $1.5 million, 50-year zero interest mortgage for the Meridian West
Apartments for the development ofa 102-unit affordable housing project on Stock Island;
and,
WHEREAS, on March 13, 2002, the Monroe County Planning Commission
approved a conditional use for development of the Meridian West Apartment
development; and,
WHEREAS, Meridian West, Ltd. has requested the Board of County
Commissioners to assign to its proposed 102-unit multi-family project, known as
Meridian West Apartments, a sufficient number of ROGO allocations and nutrient
reduction credits sufficient to permit the construction of this project; and,
WHEREAS, Meridian West, Ltd. needs 90 ROGO allocation awards with
nutrient reduction credits to be able to construct this affordable housing project; and,
WHEREAS, the County Planning Director needs this firm commitment from the
Board of County Commissioners related to ROGO allocations and nutrient reduction
credits to sign appropriate forms and certifications required by Meridian West, Ltd., to
file its application for StateIFederal tax credit funding; and,
WHEREAS, Meridian West, Ltd., is required to have its application and
necessary certification forms completed by no later than June 26,2002; and,
WHEREAS, on May 21, 2002, the Advisory Committee of the Monroe County
Land Authority recommended to the Land Authority to convey its rights to 25
transferable ROGO exempt units and six nutrient reduction credits to Meridian West,
Ltd., to be applied to the Meridian West Apartment development;
WHEREAS, if this conveyance of transferable ROGO exempt units and nutrient
reduction credits is approved by the Monroe County Land Authority on June 19, 2002,
the project still requires 65 ROGO allocations with nutrient reduction credits; and,
Page 1 of3
WHEREAS, the Growth Management Division has identified that a sufficient
combination of RaGa allocations, transferable RaGa exempt units and nutrient
reduction credits are available from various sources to provide the additional 65
allocations; and,
WHEREAS, 42 affordable housing RaGa allocations with nutrient reduction
credits are available from the Lower Keys RaGO pool; and,
WHEREAS, 3 nutrient reduction credits are available from the Department of
Health; and,
WHEREAS, 14 transferable RaGa exempt units are available from the' pool of
RaGa exempt units authorized for replacement housing for elimination of illegal units in
downstairs enclosures authorized by a Florida Statutes (F.S.) Chapter 380 Agreement
between Monroe County and the Florida Department of Community Affairs (DCA),
dated December 27, 1999; and,
WHEREAS, 9 RaGa allocations without nutrient reduction credits are available
from a pool of 201 affordable housing allocations authorized by a F.S. Chapter 380
Agreement between Monroe County and the DCA, dated May 3,2001; and,
WHEREAS, Meridian West Apartments is the only viable affordable housing
project in the Lower Keys that currently needs these allocations and nutrient reduction
credits; and,
WHEREAS, the Growth Management Division recommends approval of the
request by Meridian West, Ltd. and the assignment of the necessary combination of
transferable RaGa exempt units, RaGa allocations, and nutrient reduction credits to the
Meridian West Apartment development; NOW THEREFORE,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, that:
Section 1. The Meridian West Apartment development is assigned 42 affordable
housing RaGa allocations and nutrient reduction credits from the Lower Keys RaGa
pool; 3 nutrient reduction credits from the Lower Keys provided to Monroe County by
the Department of Health; 14 transferable RaGa exempt units from the pool available
authorized by a F.S. Chapter 380 Agreement between the County and DCA to replace
eliminated illegal downstairs units; and 9 RaGa affordable housing allocations from the
pool of 201 affordable housing allocations authorized under a F.S. Chapter 380
Agreement between the County and DCA.
Section 2. The above assignment of transferable RaGa exempt units, RaGa
allocations, and nutrient reduction credits shall be valid so long as the development's
2002 application to the Florida Housing Finance Corporation (FHFC) for construction
Page 2 of3
financing remains viable. In the event the FHFC declines to finance Meridian West
Apartments in the 2002 FHFC funding cycle, these transferable ROGO exempt units,
ROGO allocations, and nutrient reduction credit assignments shall expire.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a regular meeting of said Board held on 19th day of June, 2002.
Mayor Charles "Sonny" McCoy
Mayor Pro Tern Dixie Spehar
Commissioner Murray Nelson
Commissioner George Neugent
(SEAL)
Attest: DANNY L. KOLHAGE, Clerk
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By:
By:
Deputy Clerk
Mayor/Chairperson
lri
Page 3 0[3
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'S136
E AND MAIL
T~~~
~prehensive Planning
Re ortfTourism Planning
, Land Use Regulation
. ~velopment Feasibility
Site Design
Expert Witness
rn Mailing address: P. O. Box 372
. I . Key.West, FL 33041-0372
n II Office loc~tion: 600 White St. .
U Key West, FL 33040
Phone: 305/294-1515
Fax: 305/292:1525
E-mail: CREEG@aol.com
..
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, May 8, 200~.
Mr. Tim McGarry, Diredor of Growth
ManageI11~nt
Monroe .County Planning Department
2798 qversea~ Hi.ghway
Marathon, Florida 33050
i fo) ~ @ ~. 0 IYU
lilli-
I
GROWlH MANAGEMEN ~SION-
Cc.: ~~
S~bject: Meridian West (Dog Track) Affordable Housing - Allocation of Nutrient Credits
and-ROGO Awards.
Dear Tim:
'.
. .
This letter will confirm our cortversatioIl' of May 2nd at which you identified for me at least
ninety..,nine (99) ROGO awards which have connected to themsufficientnutrient'credits to..
"'. ,allow the completion of the Meridian ,West affordab.le housjng project. In addition to these
. ninety-nine (99) allocation~, it,will be the responsibility of the deyeloper to obtain an'
additional three (3) aW<:lrds to allow the totality of the one hundred two (102) units proposed to
be constructed. ' , ,.
~.
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.......
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As I understand, the allocations. available are the following:
· Twenty-five (25) transferable ROG0 allocations with nutrient reduction credits' now held
by t,he M<?nrge County Land Authority which were acquired from the Halcyon project Dn
Big Pine Key. -
Six (6) nutrient credits held by the County which can be matched to an equal number of
ROGO allocations from the two hundred one (291) for affordable housing throughout the
County.
Forty-two (42) affordable housing ROGO allocations with matching new trade credits for
the Lower Keys district.
Fourteen (14) ROGO exempt allocations from the pool held for the replacement of '
downstairs .encJosures provided by the FDCA. ,
Twelve (12)transferable ROGO exemptions allocated to the existing twelve (12) units on.
site, which have been recognized by the County.
. If the County recognizes all of these allocations, this is ninety-nine (99). Only three (3)
additional ROGO awards and nutrient reduction credits are needed to complete the project.
'While the- developer 'will assiduously-pursue the acquisition Of the additional, we request the
County to also look for such allocations.
Key West · Breckenridge
Page 2 of 2
Please accept this letter as a request to place this matter on the next available Board of County
Commissioners meeting agenda so that the County Director of Planning may be directed by
the Board to sign Form 29, Site Plan Approval, indicating the availability of ROGO
allocations for the application for StatelFederal tax credit funding. As you know, the
application "cure" date is June 26th of this year. Therefore, the earliest action by the County
Board of County Commissioners is required in order to make this needed project a reality,
Very truly yours,
DLC191-
Donald L. Craig, AICP
DLC/jr
cc: Mayor Sonny McCoy
Commissioner Murray Nelson
Commissioner George Neugent
Commissioner Dixie Spehar
Commissioner Nora Williams
James Roberts, County Administrator
Ed Swift
Lloyd Boggio
Key West. Breckenridge