Item G5
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BOARD OF COUNTY COMMISSIONERS
C ounty of M onroe
Mayor David Rice, District 4
Mayor Pro Tem Craig Cates, District 1
The Florida Keys
Michelle Coldiron, District 2
Vacant, District 3
Holly Merrill Raschein, District 5
County Commission Meeting
April 20, 2022
Agenda Item Number: G.5
Agenda Item Summary #10409
BULK ITEM: No DEPARTMENT: County Land Acquisition and Land
Management
TIME APPROXIMATE: STAFF CONTACT: Christine Hurley (305) 295-5180
9:15 AM
AGENDA ITEM WORDING: Approval of a resolution of the Monroe County Board of County
Commissioners nominating property for purchase by Habitat for Humanity of Key West and Lower
Florida Keys, Inc. and requesting the Monroe County Comprehensive Plan Land Authority issue a
oe Key,
near mile marker 22 legally described as Lots 4 and 5, Block 1, Cudjoe Ocean Shores (PB 5-107),
with Parcel ID Numbers 00186920-000000 and 00186930-000000 as an affordable housing site
subject to conditions.
ITEM BACKGROUND: Habitat for Humanity of Key West and Lower Florida Keys is
requesting County and Land Authority assistance to facilitate an affordable housing project on
Cudjoe Key. The current property owner, Tom Ryan Inc., sought and secured permits and
affordable rate of growth ordinance (ROGO) allocations for 4 attached units at the site. Tom
Ryan Inc. has entered into a contract to sell the land and permitted allocations to Habitat for
Humanity for $400,000, subject to 100% financing by the Land Authority. The following
diagram shows the site plan and layout of the units, approved by permitting/!
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Because permits for this development have already been issued and there is a requirement to
have inspections every 180 days from the time of permit issuance until completion, time is of the
essence for Habitat to purchase the site.
Habitat has requested Monroe County and the Land Authority partner with them to fund the
$400,000 purchase price via a mortgage loan to Habitat, so Habitat can immediately close on the
property and get started with construction.
The Land Authority has added a provision to the mortgage that would allow the loan to be
forgiven upon completion of the units by evidence of a certificate of occupancy (CO) and a deed
of land from Habitat for Humanity to the County (BOCC). Then, the County would lease the
land back to Habitat for Humanity for 99 years (using the standard lease used on other Habitat
for Humanity projects such as: Loweys Landing and Moss Landing) . The lease would give the
tenants (those who have purchased each home) at the time of the 99 year lease expiration the
ability to request another 99 year lease to maintain affordability.
The Monroe County Land Authority is issuing a Mortgage and Note. The note includes a
provision that requires Habitat to deed the property to the County with marketable title;
therefore, Land Authority staff will work with Habitat and their lenders to assure at the time of
conveyance to the County, any mortgages on the site are subordinate to the Land Authority
Mortgage, as well as the County lease.
The Habitat Board reviewed and authorized this project at their meeting on 3/15/22.
The attached resolution outlines the parameters of the partnership and it is important to note that
Habitat is willing to assist households earning less than 80% of median income, while the
permits were issued for families earning up to 120% of median income. Therefore, a Land Use
Restriction Agreement (LURA) between Habitat and the Land Authority is proposed to assure
the housing units are built and sold to households with the lower incomes.
A comparison of the income levels follows:
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PREVIOUS RELEVANT BOCC ACTION: None
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
Proposed Resolution nominating parcel stamped
Habitat Request Letter
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Aerial Photo
FINANCIAL IMPACT:
Effective Date:
Expiration Date:
Total Dollar Value of Contract:
Total Cost to County: $0 (funding will be from Monroe County Comprehensive Plan Land
Authority
Current Year Portion:
Budgeted:
Source of Funds:
CPI:
Indirect Costs:
Estimated Ongoing Costs Not Included in above dollar amounts:
Revenue Producing: If yes, amount:
Grant:
County Match:
Insurance Required:
Additional Details:
n/a
REVIEWED BY:
Christine Hurley Completed 03/21/2022 3:42 PM
Dina Gambuzza Completed 04/04/2022 2:10 PM
Mark Rosch Completed 04/05/2022 4:17 PM
Purchasing Completed 04/05/2022 4:19 PM
Bob Shillinger Completed 04/05/2022 4:37 PM
Budget and Finance Completed 04/05/2022 4:44 PM
Risk Management Completed 04/05/2022 4:49 PM
Lindsey Ballard Completed 04/05/2022 4:54 PM
Board of County Commissioners Pending 04/20/2022 9:00 AM
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