Item S5 S.5
Coty f � ,�� ,' BOARD OF COUNTY COMMISSIONERS
�� Mayor David Rice,District 4
The Florida Keys � Mayor Pro Tem Craig Cates,District 1
y Michelle Coldiron,District 2
James K.Scholl,District 3
Ij Holly Merrill Raschein,District 5
County Commission Meeting
June 15, 2022
Agenda Item Number: S.5
Agenda Item Summary #10728
BULK ITEM: Yes DEPARTMENT: Budget and Finance
TIME APPROXIMATE: STAFF CONTACT: John Quinn 3052924464
N/A
AGENDA ITEM WORDING: Approval to establish a new fund, Fund 155 for Affordable
Housing Initiatives and approval of a resolution concerning the receipt of unanticipated funds.
ITEM BACKGROUND: The purpose of this agenda item is to establish a new fund that will allow
for the receipt and use of funds related to affordable housing initiatives. The Monroe County Land
Development Code Section 139-1(h) allows for a trust fund to be established and maintained with
funds earmarked for the purpose of furthering affordable housing initiatives in municipalities and
unincorporated areas of the county. Additionally, the county has received a payment of in-lieu fees,
described in LDC Section 130-161(b)(4)b, and therefore we are seeking approval of a resolution
concerning the receipt of unanticipated funds.
PREVIOUS RELEVANT BOCC ACTION:
CONTRACT/AGREEMENT CHANGES:
N/A
STAFF RECOMMENDATION: Approval
DOCUMENTATION:
Fund 155 - Affordable Housing Initiatives
OMB Agenda Item 10728 Unant Fund 155 66000 In-Lieu Fees
FINANCIAL IMPACT:
Effective Date:
Expiration Date:
Total Dollar Value of Contract: N/A
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S.5
Total Cost to County: N/A
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: N/A
Additional Details:
N/A
REVIEWED BY:
Tina Boan Completed 06/07/2022 2:49 PM
Christine Limbert Completed 06/07/2022 3:03 PM
Purchasing Completed 06/07/2022 3:04 PM
Brian Bradley Skipped 06/07/2022 3:04 PM
Lindsey Ballard Completed 06/07/2022 4:27 PM
Board of County Commissioners Pending 06/15/2022 9:00 AM
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S.5.a
Approval to establish a new fund, Fund 155 for Affordable Housing Initiatives and approval of a
resolution concerning the receipt of unanticipated funds.
➢ Per LDC Section 139(3)(a),the development has the following inclusionary housing requirement:
V)
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TOTAL NEED CREATED BY NONRESIDENTIAL DEVELOPMENT
(for construction and post-construction employees)
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50%Mitigation
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Land Use Category Total Housing Total In-Lieu Fee Units In-Lieu Fees
Need per sf per sf
LL
(units/sf) (monetary fee/sf)
Industrial 0.000226 $24.39 0.14 $15,231.55
(Light manufacturing, lumber
yards,warehousing,storage
facilities,etc.)
V)
e. If the workforce housing requirement results in less than one(1)affordable dwelling unit,then the
applicant may choose to build one(1)affordable dwelling unit or pay the in-lieu amount. o
0
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➢ 130-161(b)(4)b. CL
b. In-lieu fees.The developer of a project subject to the requirements of this subsection (b) may
contribute a fee in-lieu of the inclusionary housing requirements for all or a percentage of the
affordable housing units required by subsection (b)(2).The developer shall pay per unit in-lieu
fees the current maximum sales price for a one-bedroom affordable unit as established under
section 130-161(a).All in-lieu fees shall be deposited into the affordable housing trust fund and
spent solely for the purposes allowed for that fund.The developer, along with any
corresponding in-lieu fees, shall transfer to the county ownership of the associated ROGO-
exempt development rights for any affordable unit(s) required by this section for which the in- o
lieu fee option is used.
(hf Affeirafabllebi—ing tr1I1M1 fund TIe alfAti dabl fs u5l ng iru.t fud Yefer i el it aS is he t l nt tiIA.d"j is c.>taleli sl ed,The ir_;.ILA rnl_li,l l Ice I,raiita red vuith faids III r. arh.iVaF the purr, ce,of 0
furLisenug affc,i dablehousing i A It SfirI in I,A IA is I akties aid a Al 1Jrpc i,t!ai cae of I hs c,unty,I dIPOSIIedinr the trUSis fund steal I let L__tm mirgled witfigi ial III erati up fuid_of I fie
Iclu My TI e,trust for)J hall is LiSed or, Tor t he Ice II o rl:ig:
a
ill Ai a _ial eidt it ev,topers a I I r irct giants foi aifor(I a[if r,nrh<cars I,u irg corttruc[ion: ul)
III is i cial aid LAr hArntebuyer as moisgage atsistal ice,ind ALIlit g but I let lir ited to, ai_or g I a I]Is III domin pays-A t assistance; LO
(31 P I I-. la Inc el-tifses far the >i aer sic,i Of unit ,sftri cf I b I_i eei i.le rrti al It I-
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mr crit ai fc,i pi offcfe el If,fArl II_o�emplof—h..usli iR ,r-IT i nld DA it,melthl n the cnungr.
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S.5.b
OMB Agenda Item 10728
Resolution No. -2022
A RESOLUTION CONCERNING THE RECEIPT OF UNANTICIPATED FUNDS U)
0
WHEREAS,it is necessary for the Board of County Commissioners of Monroe County,Florida,to increase items to
account for unanticipated funds in the Monroe County Budget for the Fiscal Year 2022,now therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY,
FLORIDA,that the following accounts of the Monroe County Budget for the Fiscal Year 2022,be and the same is
hereby increased by the amount hereinafter set forth: ,O
LO
Fund: #155-Affordable Housing Initiatives
Cost Center: #66000-In-Lieu Fees
Function: 5500 Function Name: Economic Environment
Activity: 5540 Activity Name: Housing&Urban Development
Offcl/Division: 1022 Offcl/Division Name: Housing&Community Development
A
Z
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Revenue:
155 - 66000 - 322000 - RC_00011 - Building Permits $15,231.55 0
Total Revenue: $15,231.55
L_
CL
CL
Appropriations:
155 - 66000 - 530310 - SC_00036 - Other Contractual Services $15,231.55
Total Appropriations: $15,231.55 0
0
BE IT FURTHER RESOLVED BY SAID BOARD,that the Clerk of said Board,upon receipt of the above,is
hereby authorized and directed to make the necessary changes of said items,as set forth above.
PASSED AND ADOPTED by the Board of County Commissioners of Monroe County, Florida, at a regular
meeting of said Board held on the 15'day of June,AD 2022.
Mayor David Rice
Mayor Pro Tem Craig Cates
Commissioner Michelle Coldiron
00
Commissioner James Scholl
Commissioner Holly Raschein
0
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY,FLORIDA
By:
Mayor/Chairman
(Seal) O
Attest: KEVIN MADOK, Clerk
a�
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c�
As Deputy Clerk
Agenda Item 10728 Unant Fund 155 66000 In-Lieu Fees
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