Item J06
BOARD OF COUNTY COMMISSIONERS
AGENDAITEMS~Y
Meeting Date: February 18. 2004
Bulk Item: Yes X No
Division: Growth Manal:ement
Department: Planning
AGENDA ITEM WORDING: Approval for an Affordable Housing Deed Restriction for one dwelling unit from
Marx Investment Group.
ITEM BACKGROUND: On January 14, 2004 the Planning Commission approved an allocation award for the
applicants listed below provided the applicants' Affordable Housing Deed Restriction is approved by the BOCC.
Marx Investment Group submitted the Restrictive Covenant to Monroe County. The applicants are receiving a
dwelling unit allocation award for the year ending July 13, 2004, have filed the document in accordance with
Ordinance No. 47-1999.
PREVIOUS RELEVANT BOARD ACTION: On November 11, 1999, the BOCC adopted Ordinance No. 047-
1999.
CONTRACT/AGREEMENT CHANGES: N/A.
STAFF RECOMMENDATION: Approval.
TOT AL COST: X
BUDGETED: Yes N/A No
COST TO COUNTY: N/A
SOURCE OF FUNDS: N/A
REVENUE PRODUCING: Yes N/ A No
AMOUNT PER MONTH N/ A Year
APPROVED BY: County Atty lOMB/Purchasing N/ A
DIVISION DIRECTOR APPROVAL:
DOCUMENTATION:
Included X
To Follow_
Not Required_
DISPOSITION:
AGENDAITEM#~
MEMORANDUM
TO::
FROM:
DATE:
RE:
Danny Kolhage, Clerk of the Court
Timothy J. McGarry, Growth Management Dir~
February 18, 2004
Clarification of Agenda Item
Affordable Housing
Permit
Number
Name on
A2enda Item
Name on
Restrictive Covenant
03-1-2759
Marx Investment Group
Marx Investment
Group.
Legal
Description
Lot 22, Block 5, Indian
Mounds Estates,
SugarloafKey
MONROE COUNTY PLANNING DEPARTMENT
AFFORDABLE HOUSING DEED RESTRICTION
STA TE OF FLORIDA
COUNTY OF MONROE
Notice is hereby given that:
I. I/We, Marx Investment GrouP. LLC, acceptance bv Reqistered Aqent
Ravmond Dean Walters, the undersigned is/are the sole owner(s) of
certain real property, situated, lying and being in Monroe County, State of
Florida, described as follows:
Lot(s): 22 Block: 5
Subdivision: Indian Mounds Estate
Key: Suaarloaf PB: 4-132
(If legal description is metes and bounds, attach a separate sheet)
Real Estate Number: 00169410.000000
II. The residential unit Building Permit Number is 03-1-2759.
III. Under the affordable housing provisions set for in Chapter 9.5 of Monroe
County Land Development Regulations, the owner or owners of the
above-described real property have been exempted from payment of "Fair
Share Impact Fees" for a (check one): a single-family l, a multi-family
unit, _' a mobile home _ to be constructed on said real property.
IV. The annual adjusted gross income for the owner-occupied or tenant-
occupied household does not exceed one hundred (100) percent of the
median adjusted gross annual income within Monroe County.
v. The rent (employee housing/tenant) will not exceed thirty (30) percent of
the median adjusted gross annual income divided by 12 for households
within Monroe County.
VI. Under Monroe County Code Section 9.5-266, the affordable housing
dwelling unit is restricted to a maximum of one thousand three hundred
(1,300) square of feet habitable space for a period of at least fifty (50)
years.
Real Estate No. # 00169410.000000
Affordable Housing Deed Restriction
Page lof2
Initial /2~i0
VII. The applicant(s) have used the affordable housing program to gain
additional points in the permit allocation system pursuant to Monroe
County Section 9.5-122.3(6).
VIII. The covenants shall be effective for fifty (50) years, but shall not
commence running until a certificate of occupancy has been issued by the
building official for the dwelling unit(s) to which the covenant or covenants
apply. This deed restriction shall remain in effect for fifty (50) years
regardless of the owner(s) or occupant(s) ability to comply or re-qualify on
an annual basis or as otherwise may be required.
IX. All of the restrictions herein shall be binding upon any transferees,
lessees, heirs, assigns or successors in the chain of title.
x.
I/we certify that I/we am/are familiar with the information herein contained and
that it is true and correct to the b of my knowledge and belief; and I/we will
abide by the abo e stated re tions pursuant to Monroe County Code Chapter
9.5 as may b time. -
OWNER 0
,/a
, ymond Dean Walters,
egistered Agent for
Marx Investment Group, LLC
~d~ess: I~~~ 3 _ ~/ l:l~ fJll-
...5,-, cytfi uJ1J. ~, /'-'t.. .3~ ~ y l-
/
()~~
( gnature)
A-(i t(llIeH--c.
(Print/Type Name)
(Signature)
(Print/Type Name)
Address:
The fore~oing instrument was acknowledged before me this ~!'ld day of
0.. -JRI-. , 2I2SJ:L A.D. by 1(. fJ<20 n -t10'i ~ rS is/are
personally known to me or has produced If ~./ i./3t., _ 1.J.. Y - as
identification. S-I-' '70 _ 0
l~mUV~~~~028638
~A~:; . EXPIRES: Augusl26, 2005
<<i'j;;ih~" Bondo<l Thro Notary Public UndolWritn
'''ilt''
No ~b], (Signaturi9-
J(jt{-~ D. lIen
Notary Pu he (Prillt Name)
Real Estate No. # 00169410.000000
Affordable Housing Deed Restriction
Initial~i '"L\
Page 2 of2
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C
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: February 18. 2004
Bulk Item: Yes X No
Division:
Department:
Growth Mana~ement
Planning
AGENDA ITEM WORDING: Approval for an Affordable Housing Deed Restriction for one dwelling unit from
Marx Investment Group.
ITEM BACKGROUND: On January 14, 2004 the Planning Commission approved an allocation award for the
applicants listed below provided the applicants' Affordable Housing Deed Restriction is approved by the BOCC.
Marx Investment Group submitted the Restrictive Covenant to Monroe County. The applicants are receiving a
dwelling unit allocation award for the year ending July 13, 2004, have filed the document in accordance with
Ordinance No. 47-1999.
PREVIOUS RELEVANT BOARD ACTION: On November 11, 1999, the BOCC adopted Ordinance No. 047-
1999.
CONTRACT/AGREEMENT CHANGES: N/A.
STAFF RECOMMENDATION: Approval.
TOTAL COST: X
BUDGETED: Yes N/ A No
COST TO COUNTY: N/A
SOURCE OF FUNDS: N/ A
REVENUE PRODUCING: Yes N/ A No
AMOUNT PER MONTH N/ A Year
APPROVED BY: County Atty lOMB/Purchasing N/ A
DIVISION DIRECTOR APPROVAL:
DOCUMENTATION:
Included X
To Follow_
Not Required_
AGENDA ITEM #~
DISPOSITION:
MEMORANDUM
TO::
FROM:
DATE:
RE:
Danny Kolhage, Clerk of the Court
Timothy J. McGarry, Growth Management Dir~
February 18, 2004
Clarification of Agenda Item
Affordable Housing
Permit
Number
Name on
Agenda Item
Name on
Restrictive Covenant
03-1-2759
Marx Investment Group
Marx Investment
Group.
Legal
Description
Lot 22, Block 5, Indian
Mounds Estates,
SugarloafKey
MONROE COUNTY PLANNING DEPARTMENT
AFFORDABLE HOUSING DEED RESTRICTION
STA TE OF FLORIDA
COUNTY OF MONROE
Notice is hereby given that:
I. I/We, Marx Investment Group. LLC. acceptance by ReQistered AQent
Raymond Dean Walters, the undersigned is/are the sole owner(s) of
certain real property, situated, lying and being in Monroe County, State of
Florida, described as follows:
Lot(s): 22 Block: 5
Subdivision: Indian Mounds Estate
Key: Suaarloaf PB: 4-132
(If legal description is metes and bounds, attach a separate sheet)
Real Estate Number: 00169410.000000
II. The residential unit Building Permit Number is 03-1-2759.
III. Under the affordable housing provisions set for in Chapter 9.5 of Monroe
County Land Development Regulations, the owner or owners of the
above-described real property have been exempted from payment of "Fair
Share Impact Fees" for a (check one): a single-family l, a multi-family
unit, _, a mobile home _ to be constructed on said real property.
IV. The annual adjusted gross income for the owner-occupied or tenant-
occupied household does not exceed one hundred (100) percent of the
median adjusted gross annual income within Monroe County.
V. The rent (employee housing/tenant) will not exceed thirty (30) percent of
the median adjusted gross annual income divided by 12 for households
within Monroe County.
VI. Under Monroe County Code Section 9.5-266, the affordable housing
dwelling unit is restricted to a maximum of one thousand three hundred
(1,300) square of feet habitable space for a period of at least fifty (50)
years.
Real Estate No. # 00169410.000000
Affordable Housing Deed Restriction
Page 1 of2
Initial j2~t0
VII. The applicant(s) have used the affordable housing program to gain
additional points in the permit allocation system pursuant to Monroe
County Section 9.5-122.3(6).
VIII. The covenants shall be effective for fifty (50) years, but shall not
commence running until a certificate of occupancy has been issued by the
building official for the dwelling unit(s) to which the covenant or covenants
apply. This deed restriction shall remain in effect for fifty (50) years
regardless of the owner(s) or occupant(s) ability to comply or re-qualify on
an annual basis or as otherwise may be required.
IX. All of the restrictions herein shall be binding upon any transferees,
lessees, heirs, assigns or successors in the chain of title.
X. ~n
I/we certify that I/we am/are familiar with the information herein contained and
that it is true and correct to the b of my knowledge and belief; and I/we will
abide by the abo e stated re tions pursuant to Monroe County Code Chapter
9.5 as may b time. -
().;.. Ui1P-
( gnature)
A-ii t(IIICif-C.
(Print/Type Name)
a
, ymond Dean Walters,
egistered Agent for
Marx Investment Group, LLC
~ddress: 1~.f~3 ~/ 14V;-DI1-
.5-- C/hQ L~},1J~ ~ /~ .3.3" y z-.
(Signature)
(Print/Type Name)
Address:
The fore~oing instrument was acknowledged before me this =3fld day of
:;... -t-R.t. , 2fJJJ:L A.D. by 1(. /Jf2C1 YJ 'fLa~ f1 rS is/are
personally known to me or has produced .If toi./3b - 1 ).<{- as
identification. j-/ -' ~o - 0
. ,..,..... . _ _ tlClXG; D.I.LLEN
f..,. ...~mm'~SS/6illWlb028638
~: : EXPIRES: August 26, 2005
.~ .... Bonded Thro Nolary Public Unde/wrilelS
Real Estate No. # 00169410.000000
Affordable Housing Deed Restriction
Initial~ii.J
Page 2 of2
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