Item L2
LAND AUTHORITY GOVERNING BOARD
AGENDA ITEM SUMMARY
Meeting Date: October 15, 2003
Bulk Item: Yes No X
Department: Land Authority
Agenda Item Wording: Approval of a resolution authorizing the Executive Director to execute
purchase agreements on behalf of the Land Authority.
Item Background: This resolution is proposed to facilitate the purchase of subdivision lots for
affordable housing.
All Land Authority purchase agreements must be approved by the Advisory Committee and the
Governing Board, a process which takes 30 to 60 days to complete. However, many lots suitable for
affordable housing are only on the market for 30 days or less. To increase the Land Authority's
competitiveness in the marketplace, the proposed resolution authorizes the Executive Director to
execute purchase agreements, thereby providing the Sellers with an executed agreement 30 to 60 days
sooner than the Land Authority could otherwise provide. In order to exercise this authority, the
resolution requires the Executive Director to 1) first consult with Chairman or Vice Chairman of the
Advisory Committee and 2) use a purchase agreement specifying that the transaction is subject to
approval by the Advisory Committee and Governing Board. This resolution is an interim measure and
will expire on March 31, 2004 unless extended.
Advisory Committee Action: On September 25,2003 the Advisory Committee voted 3/0 to approve
the item.
Previous Governing Board Action: None, although the Board has approved resolutions that pre-
approve the execution of purchase agreements within specific subdivisions.
Contract/Agreement Changes: N/A
Staff Recommendation: Approval.
Total Cost: N/A
Budgeted: Yes _ No
Cost to Land Authority: N/A
Source of Funds: N/A
Approved By: Attorney ~
Executive Director Approval:
~.
.
County Land Steward
~
~ark J. Rosch
Documentation: Included: X
To Follow:
Not Required:
Disposition:
Agenda Item LA #2
RESOLUTION NO.
A RESOLUTION OF THE MONROE COUNTY
COMPREHENSIVE PLAN LAND AUTHORITY AUTHORIZING
THE EXECUTIVE DIRECTOR TO EXECUTE PURCHASE
AGREEMENTS ON BEHALF OF THE LAND AUTHORITY.
WHEREAS, pursuant to section 380.0661, et seq., Florida Statutes (FS), section 9.3-2, Monroe
County Code, and Land Authority Rule 02-1991, the purchase of property by the Monroe County
Comprehensive Plan Land Authority (hereinafter "Land Authority") is subject to approval by the
Land Authority's Advisory Committee and Governing Board; and
WHEREAS, due to the meeting schedules of said Advisory Committee and Governing Board,
approval of proposed purchase agreements requires a period of 30 to 60 days; and
WHEREAS, some Sellers, particularly Sellers of lots suitable for development with affordable
housing, are reluctant to take their properties off the market during said 30 to 60 day approval
period in the absence of a purchase agreement executed by the Land Authority; and
WHEREAS, on September 25, 2003, the Advisory Committee considered this issue and voted
3/0 to authorize the Executive Director to execute purchase agreements on behalf of the Land
Authority subject to the conditions contained in this resolution; and
WHEREAS, the Governing Board wishes to approve the Advisory Committee's
recommendations; NOW, THEREFORE,
BE IT RESOLVED BY THE MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY
that the Executive Director is hereby authorized to execute purchase agreements on behalf of
the Land Authority subject to each of the following requirements:
1. The Executive Director shall consult with the Chairman or Vice Chairman of the Advisory
Committee prior to executing the purchase agreement.
2. The purchase agreement shall specify that the transaction is contingent upon approval by
the Advisory Committee and Governing Board.
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3. The authorization granted by this resolution shall expire March 31, 2004 unless extended by
the Advisory Committee and Governing Board.
PASSED AND ADOPTED by the Monroe County Comprehensive Plan Land Authority at a
regular meeting on this day of 2003.
Commissioner McCoy
Commissioner Neugent
Commissioner Rice
Mayor Spehar
Chairman Nelson
(Seal)
ATTEST:
MONROE COUNTY COMPREHENSIVE
PLAN LAND AUTHORITY
Mark J. Rosch
Executive Director
Murray E. Nelson
Chairman
Approved for Legal Sufficiency
Larry R. Erskine
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