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Item D1 D.1 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 July 19, 2022 Agenda Item Number: D.1 Agenda Item Summary #10838 BULK ITEM: No DEPARTMENT: Land Authority Governing Board TIME APPROXIMATE: STAFF CONTACT: Christine Hurley (305) 295-5180 N/A AGENDA ITEM WORDING: Discussion and Direction of FY23 Budget Request ITEM BACKGROUND: The originally proposed Monroe County Land Authority FY23 Budget was transmitted to the Office of Management and Budget and is attached. This item is to discuss progress to date and recommendations for FY23, toward meeting the objective of leveraging State of Florida Department of Environmental Protection (DEP) funding at$5 million annually. During FY22 we have increased Land Authority purchases toward this effort; however, with the current staffing levels we likely can't acquire enough land to leverage the full amount of DEP funding each year. Therefore, we would like to add an additional Property Specialist position (FTE) in the FY23 budget so MCLA can increase the number of properties we are purchasing and reselling to DEP. We're also proposing to restructure some of the workload created by the new process of pre- acquiring land and selling it to DEP for our Office Manager position. You might recall that next year, after the Volunteer Buyout Program wraps up, we plan to transfer a County employee from Planning over MCLA to increase resources in the acquisition side. That would occur in FY24 and would then dedicate a full staff position to the Density Reduction and Less than Fee Programs. Additional staff were NOT included in the budget that was transmitted to the County budget office. If agreeable, we will include this change in the Final Budget adopted in September. We will also pursue reclassification of the current Officer Manager to Property Specialist and have her take on the additional duties to keep purchases flowing during FY22. Year to date we have contracted for $5,225,000 in purchases with a little over $3 Million eligible for resale to DEP. The State has directly purchased $82,152 with another $100,000 under contract. For us to get to $5 Million spent by the State, we have to add additional staffing and we need to acquire at least $6 Million a year since the reimbursement from DEP is less than 100% on some of the larger purchases (YTD this is projected to be around 92%). Packet Pg. 240 The following table shows the increases needed to create a new Property Specialist position (FTE) and restructure the existing Office Manager position. Revision(Gate MONROE COUNTY LAND AUTHORITY FY 2023 BUDGET Alu)i rl,wve I 4,ollm'wd Proposed Amended I iudget Budget IIincreasel Budget I YPI,�,,q, FY 2023 (Decrease) %Change IFY 2022 ReVsrkleS Intergovemmental Tourist Impact Tax-Res1rictedl-Key'Nest 2,634,201 2,634,201 734,201 38.6% 1,900,000 Tourist Unnlpact Tax-Res1rictedl-FL Keys 2,719,805 2,718,805 r2,221,195) -45.G% 4,940,,000 Park Surcharge-Resfrided 407,290 407,290 47,290 13.1% 360�,000 Tourist Impact Tax&Park Surcharge Adniiini,3fraRlon 308,379 308,379 (91,621) -22.9% 400�,000 Fund Dallance Forward Tourist Impact Tax-Res1rictedl-Key'Nest 11,238,729 11,238,729 1,646,288 17.2% 9,592,441 Tourist Impact Tax-Res1rictedl-FL Keys 2,902,414 2,902,414 1,219,781 nhi 1,682,633 Park Surcharge-Resfrided 0 0 0, W2 0 Assigned aind Unassgned 8,903,722 8,903,722 1,204,712 15.6% 7,699,010 Misceflainecus Interest income 25,000 25,000 0 0.0% 25,000 Sale of Land 1,252,542 1,252,542 1,252,542 nhi 0 Donation 0 0 0 nhi 0 Tax Collector Excess Fees 0 0 0 nhi 0 MorIgage Receivable 0 0, 0, W2 0 Less 5% (1,519,554p 1,519,554) (1,329,954p Total Revenues 28,871,528 28,871,528 3,60�2,398 14.3% 25,269,130 Appropriations Salaries aind Benefits 793,187 643,087 r63,013} -8.9% 706,100 Operating Expenses 17t,100 171,10E 10G O�.1% 171,000 Capital OLItlay Office Equipment 10,000 10,000 0 0.0% 10,000 FL Keys Area of Critical State Concern 9,731,063 9,881,163 1,284,822 14.9% 8,596,341 ROGO(Reserve 3,293,248 3,293,248 0 0.0% 3,293,248 Key West Area of Criticaall State Concern 13,872,930 13,872,930 2,380,489 20�.7% 11,492,441 Resei"ves, Contingency 500,000 50D,000 0 0.0% 500�,000 End of Year Cash 500,000 500,000 G OIL% 500,,000 Totaf Appropriations 28,871,528 8,871,528 3,682,398 14.3% 12,159 130 _15 PREVIOUS RELEVANT BOCC ACTION: N/A CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: DOCUMENTATION: Budget2023JuneCoverMemoAndBudget 2022 Projected Expenditures BudgetOutlookFY22WStateResales Budget2023 with additional FTE MCLA Budget Presentation FINANCIAL IMPACT: Packet Pg. 241 D.1 Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: 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: REVIEWED BY: Christine Hurley Completed 07/15/2022 4:02 PM Lindsey Ballard Completed 07/18/2022 8:45 AM Board of County Commissioners Pending 07/19/2022 10:00 AM Packet Pg. 242 D.1.a 10 MONROE COUNTY LAND AUTHORITY �. ! 1200 Truman Avenue, Suite 207, Key West, FL 33040 Phone: (305)295-5180 Fax: (305)295-5181 MEMORANDUM To: Land Authority Governing Board From: Christine Hurley, AICP, Executive Director Date: June 3, 2022 Subject: Proposed Budget for Fiscal Year 2023 76 J Attached please find the Land Authority's proposed budget for fiscal year 2023. This memo provides an °L0 overview and discussion of the proposed budget, revenues, and trends. 4- 0 Summary U) U) Total Budget Summary: c� A The proposed budget for FY 2023 is $28,871,528, which corresponds to a $3,602,398 (14.3%) increase compared to the amended FY22 Budget. The FY22 Budget was amended in May, 2022 to account for the additional Tourist Impact Tax revenue in the Florida Keys Area of Critical State Concern to enable the MCLA to purchase additional lands. FY22 has seen record breaking revenue due to increased visits by tourists and this has enabled the Land Authority to purchase more land than anticipated during the current Fiscal Year. Given this anomaly, in predicting revenue for FY23, staff did not include this type of increase. Instead, we took the approach that revenue would increase similarly to the trend we saw prior to COVID. U If revenues continue at the current pace, we anticipate a mid-year budget adjustment, as we did in FY22. N Revenue Summary: N V Of the total budget, anticipated revenues are expected to be: • $6,068,675 from incoming tourist impact tax ($2,634,201 from Key West and $2,718,805 from the County/Other Cities, as well as Park Surcharge and administrative revenue [$407,290 + $308,379) • $1,252,542 from Sale of Land to DEP • $23,069,865 fund balance and interest Another change in this year's budget is adding a "Sale of Land" category to the revenue. As you know, the Land Authority has been working in partnership with the State of Florida Department of Environmental Protection (DEP) to pre-acquire lands in the Florida Forever boundary and then "resell" the conservation land to the DEP to help them fulfill their $5 Million goal from the Florida Keys Stewardship Act. This is important, as since the Stewardship Act was passed, the goal for spending at $5 million per year has never been met. This will be discussed further below. Page 1 of 8 Packet Pg. 243 D.1.a Appropriations Summary: Key Appropriations for land purchases or affordable housing (capital outlay) and reserves are: • $9,881,163 for use in the Florida Keys Area of Critical State Concern (Unincorporated County and incorporated Cities, except Key West • $3,293,248 for ROGO Reserve Account (used for Administrative Relief and lawsuit settlements) • $13,872,930 for use in Key West Area of Critical State Concern • $1,000,000 for Reserves (Contingency and End of Year Cash) Overview of Revenues Ea The Land Authority receives no property tax revenue and therefore the Board does not need to adopt a millage rate for this budget. The Land Authority's two primary sources of recurring revenue are collected at rates previously fixed by the Florida Legislature and by local ordinance. These revenues consist of: 1) Park Surcharge: a surcharge on admissions and camping at the State parks in unincorporated Monroe 0 County and 0 2) Tourist Impact Tax: half of the one-penny tourist impact tax charged on lodging in the Keys. By statute, the other half of the tourist impact tax goes to the County general fund as a payment in lieu of taxes (since purchasing land by government removes the value from the tax roll) and therefore does not appear in i5 the Land Authority budget. Additionally, over the years the Land Authority has also received various other revenues such as grants, proceeds from the sale of land, mortgage loan repayments, and interest income. The amount of park surcharge revenue and tourist impact tax revenue that can be spent on administrative expenses is limited to 10% and 5%, respectively, and is therefore supplemented with other available revenue and unassigned fund balance to fund operating expenses and maintain existing staffing levels. 0 Key West 0 Tourist Impact Tax U Within the City of Key West, the Tourist Impact Tax revenue collected from lodging establishments is dedicated to be spent in Key West. This chart demonstrates the revenue since the creation of the Land Authority. As CN you can see, 2021 had a sharp increase in revenue, after the COVID shutdown in 2020. E c� Page 2 of 8 Packet Pg. 244 $2,000,000 - 'z V The Florida Keys KW TIM P Revenue Tourist Impact Tax r- Within the unincorporated County and Cides, excluding the City of Key West, the Tourist Impact Tax revenue ooUeob*d from lodging establishments is dedicated to be spent these areas. This chart demonstrates the revenue since the creation of the Land Authorih/� As had 2' the CC)V|O shutdown in 2020. ~~ FIL Keys TIMP Revenue CD 04 Park Surcharge (D The State parks located within unincorporated Monroe send the park surcharge revenue tothe Land Authority. OM The State parks located within a municipality send the park surcharge revenue directly tothat municipality and therefore, these funds are not available for the Land Authority programs. Page 3 Of 8 State of Florida Department of Environmental Protection (DEP) Park Revenue The Stewardship Act documented the State and County partnership and outlined the urgency in purchasing land in the Florida Keys �o retire development rights, as vveU as protect the natural environment. The goal Mn ' within the Act is for the State to spend $5 million per year on land acquisition in the Florida Forever Boundary. ~~ The table below demonstrates the annual expenditures by OEP, since passage of the Florida Keys Stewardship Bill through April 30. 2022: Year Expenditure The real estate market in the Keys has been rapidly increasing since adoption of the Act. OEP has found it difficult to purchase land quickly and to meet the sales price expectations of sellers. Decades ago, OEP would allow the Land Authority to pre-acquire land and then purchase the land from the Land Authority at the price M they can using their appraisal standards. During this past year, Land Authority staff have successfully worked with OEP to renew this model and several properties pre-acquired by the Land Authority are set to be sold to ID OEP during FY22. Therefore. for the FY23 budget we are conservatively budgeting $1.252.542 in expected land sales. This number comes from several contracts the Land Authority has approved, with the expectation of the ability to resell the land to DER If this model is suooessfu|, we expect a mid-year adjustment to this < budget to accommodate more sales, which in turn, gives the Land Authority additional funds for purchasing land, with the goal of reselling $5 million annually consistent with the Stewardship Act. Overview of Appropriations The most important activity the Land Authority performs is the purchase ofland for environmental protection and retirement of development rights. The following table shows the number of vacant |ots, as of January 2O22. within the unincorporated County: Page u1Of8 D.1.a January 2022 White Paper Update (PV - does not include condos, trailer parks, etc) UNINCORPORATED MONROE COUNTY TIER 2021 NUMBER OF PRIVATE 2021 APPROX. LAND VALUE VACANT PARCELS No Tier (Ocean Reef, military, 139 $125,402,669 submerged, etc. Ea Tier 1 3,132 $67,496,627 Tier II 250 $19,458,845 n� Tier III-A 129 $18,724,306 Tier III 2,316 $396,066,049 0 Total , $627,148,496 CN 2022 Average CN Parcel Value $105,120 This table demonstrates that the order of magnitude estimate of the number of vacant privately owned parcels is close to 6,000, with an average value of$105,120, demonstrating $627,148,496 total value. Page 5 of 8 Packet Pg. 247 D.1.a Fortunately, revenues have been up since COVID ended, which has given the Land Authority the ability to purchase more land than usual, and the flexibility to leverage DEP funds through resales. This has provided an opportunity to appropriate more funds for land purchases as follows: • $13,872,930 for Key West Area of Critical State Concern, typically used for affordable housing • $9,881,163 for use in the Florida Keys Area of Critical State Concern (Unincorporated County and incorporated Cities, except Key West • $3,293,248 for ROGO Reserve Account (used for Administrative Relief and lawsuit settlements) • $1,000,000 for Reserves (Contingency and End of Year Cash) This allocation of funding is in accordance with the applicable statutes and comprehensive plan policies. By statute, the tourist impact tax collected in the Key West ACSC is reserved for the purchase of property or the construction, redevelopment, or preservation of affordable housing within the same geographic area. In accordance with Policy 101.7.2 of the County Comprehensive Plan, funding is reserved for the ra administrative relief provisions of the rate of growth ordinance (ROGO). Although this policy recommends an C- annual set aside of 35% of the Florida Keys ACSC acquisition revenue, there have been very few expenditures from this reserve over the last five years. For this reason, the $4,325,547 ROGO Reserve that would result a from a 35% set aside has been reduced to the current year level of$3,293,248 and the $1,032,299 difference M has been allocated for general use in the Florida Keys ACSC. C .2 Noteworthy to this discussion is the fact that the Unincorporated County decreased the annual rate of U) distribution of ROGO units available to stretch out the number of allocations through the year of 2026. This has increased competition for applicants to receive an allocation to be able to build a housing unit. The - following two tables show how the number of applicants, not awarded a Market Rate ROGO allocation, has increased from January 12, 2021 to January 12, 2022. This is important data to watch, to determine whether the need for ROGO reserve funding will become greater in the near future. Status of ROGO units as of January 12, 2021 — ROGO Year 29 < # of Applicants #Awarded in 2nd Quarter # Not awarded in 2nd Quarter Lower Keys 18 7 11 Big Pine 0 21 1 20 Upper Keys 16 8 8 CN CN Status of ROGO units as of January 12, 2022 — ROGO Year 30 # of Applicants #Awarded in 2nd Quarter # Not awarded in 2nd Quarter Lower Keys 54 147 Big Pine 22 1 121 Upper Keys 63 8 55 The budget also includes general reserves of$500,000 for contingency and $500,000 for end of year cash. All funding not otherwise committed is budgeted in the general appropriation for property in the Florida Keys ACSC. Page 6 of 8 Packet Pg. 248 D.1.a With respect to administrative expenses, approximately 2.8% of the overall budget ($824,187) is allocated for salaries and benefits, operating expenses, and office equipment. The implementation of merit or COLA salary increases, if any, will be limited to the amount and policy the Board approves for all County employees. The property acquisition policies established by the budget are very general in nature. The Land Authority's annual Acquisition List and the Board's approval of purchase contracts provide more detailed direction about the specific properties to be acquired. 76 4- 0 C U) U) U) c� A 0 0 U N N V E c� Page 7 of 8 Packet Pg. 249 D.1.a MONROE COUNTY LAND AUTHORITY FY 2023 BUDGET Proposed Amended Budget Increase/ Budget Actual Budget FY 2023 (Decrease) %Change FY 2022 FY 2021 FY 2021 Revenues: Intergovernmental Tourist Impact Tax-Restricted-Key West 2,634,201 734,201 38.6% 1,900,000 3,114,802 1,900,000 Tourist Impact Tax-Restricted-FL Keys 2,718,805 (2,221,195) -45.0% 4,940,000 3,597,679 1,615,000 Park Surcharge-Restricted 407,290 47,290 13.1% 360,000 400,923 306,000 Tourist Impact Tax&Park Surcharge Administration 308,379 (91,621) -22.9% 400,000 397,835 219,000 Fund Balance Forward Tourist Impact Tax-Restricted-Key West 11,238,729 1,646,288 17.2% 9,592,441 7,613,898 7,305,289 Tourist Impact Tax-Restricted-FL Keys 2,902,414 1,219,781 n/a 1,682,633 0 0 Park Surcharge-Restricted 0 0 n/a 0 0 0 Assigned and Unassigned 8,903,722 1,204,712 15.6% 7,699,010 8,055,202 7,583,853 Miscellaneous Interest Income 25,000 0 0.0% 25,000 25,629 75,000 UJI Sale of Land 1,252,542 1,252,542 n/a 0 0 0 Donation 0 0 n/a 0 473,504 0 Tax Collector Excess Fees 0 0 n/a 0 269,293 0 Mortgage Receivable 0 0 n/a 0 0 0 Less 5% (1,519,554) (1,329,954) (950,207) Total Revenues 28,871,528 3,602,398 14.3% 25,269,130 23,948,765 18,053,935 4- 0 Appropriations: 9= Salaries and Benefits 643,087 (63,013) -8.9% 706,100 429,470 450,684 2 Operating Expenses 171,100 100 0.1% 171,000 99,609 168,000 U) Capital Outlay Office Equipment 10,000 0 0.0% 10,000 4,373 10,000 cy FL Keys Area of Critical State Concern 9,881,163 1,284,822 14.9% 8,596,341 844,849 3,926,714 ROGO Reserve 3,293,248 0 0.0% 3,293,248 200 3,293,248 Key West Area of Critical State Concern 13,872,930 2,380,489 20.7% 11,492,441 0 9,205,289 Reserves Contingency 500,000 0 0.0% 500,000 0 500,000 End of Year Cash 500,000 0 0.0% 500,000 0 5130,000 00 Total Appropriations 28,871,528 3,602,398 14.3% 25,269,130 1,378,501 18,053,935 O E O U M CN CN �9 E U Page 8 of 8 Packet Pg. 250 (31-A leuoil!ppe jo uoisssnosia) s9jn4!p gad x3 P84381OAd ZZOZ :4u8wWel4V T" Ul) C14 p Cl CL 0. rr 0 C) �7- O C) L6 CN CN 70 L6 I'll, 111111�� rN N Lr) ry, 00 0 M > U) 0 00 (D 70 LL, (D eq 0000100001 m � M; IC-1110 t x llftmm�� 1§ aLU rN rq N rf 0 h0 umm Ln 00 0 00 0 rm Ln rN m 1171, 00 m ry) ix� to w Ike Ll. Budget Outlook as of 6/29/22 Inside Key West FY 22 Revenues for general acquisitions Key West ACSC $11,492,441 FY 22 Expenditures to date $0 FY 22 Encumbered by MCLA Resol ($4,507,916) Garden View Apts ($4,507,916) FY 22 Potential Encumbrances ($2,000,000) Garden View Apts ($2,000,000) FY 22 Potential Balance $4,984,525 Outside Key West-General Acquisitions FY 22 Revenues for general acquisitions FL Keys ACSC $8,596,341 FY 22 Expenditures to date ($3,260,464) Stongle Trujillo Trust/Sugarloaf Key ($13,111) MesseraSelman/Cutthroat Harbor Estates ($607,080) SmithHazenGreer/Eden Pines Colony 3rd Add. ($31,158) Hi-Land Properties/Largo City ($81,446) UJI HFHKWLK/Cudjoe Acres ($21,532) Mongelli/Perez ($51,260) Hansen/Paradise Point Addition ($888) Opland/Little Torch Key ($29,311) 0 Carbonell/No Name Key ($100,542) Barbier/Doctors Arm ($51,260) Koleda/Southern Pines,Kinercha,Sands ($1,218,331) Palermo/Bay Point Amended Plat ($506,373) ,- Tom Ryan Inc.(HFHLK)/Cudjoe Key ($403,000) 0 Epifano/Grains ($39,970) 9= Ackert/Sugarloaf Key Acreage ($53,943) 0 JattanRampersad/Sands ($51,260) U) U) U) FY 22 Encumbered/Under contract ($1,964,027) Helliesen/Eden Pines Colony ($31,158) U) LaPointe/Ramrod Shores ($986) He rna ndezl nvestme nts/KeyLargo ($385,411) Silva/Grains ($81,774) U) Berne/Grains ($20,155) Webber/Grains ($116,868) CarawanHacker/Grains ($59,092) Graham/Summerland Estates Re-Sub No.2 ($35,181) Morris/Amended Plat of The Ladies Acre ($306,961) LaSelva Rosa rio/Little Torch Key ($25,164) Wagner/Largo City ($41,203) Monroe County/Breezeswept Beach Estates ($986) VeroAtlantic2/Grains ($216,348) N McCullough/Ocean Heights ($128,681) N Alessandrini/Palma Sola ($164,056) LL DaCosta/Windward Beach Estates ($232,396) 0 Sea Air Holdings,LLC/Big Pine Key Acreage ($20,095) 0 Knowles/Southern Pines ($77,423) Adams/Big Pine Key Acreage ($20,095) 0 FY 22 Potential Balance $3,371,850 L59 Outside Key West-Dispositions to Housing Authority FY 22 Sales to MCHA FY 22 Potential Revenue $0 Outside Key West-MCLA Pre-Acquired to State of Florida State of Florida Acquisitions County FY,Not State FY FY 22 Revenue to date $576,967 FY 22 Revenues for acquisitions Radenhausen/Port Pine Heights 2nd Addition $37,471 Florida Forever/Stewardship .1,G00,G00 MesseraSelman/Cutthroat Harbor Estates $539,496 FY 22 Sales to DEP $2,536,878 FY 22 Expenditures to date 32,152 Carbonell/No Name Key $100,542 Gahm/Tropical Key Colony $31,775 Ackert/Sugarloaf Key Acreage $53,943 Godfrey/NC Ocean Beach Fishing Club $50,377 Koleda/Southern Pines,Kinercha,Sands $950,000 JattanRampersad/Sands $51,260 FY 23 Encumbered/Under Contract 100,000,00 Silva/Grains $81,774 Farrior/Grassy Key $100,000 Epifano/Grains $39,970 CarawanHacker/Grains $59,092 Wagner/Largo City $41,203 Morris/Little Torch Key Acreage $300,000 VeroAtlantic2/Grains $216,348 McCullough/Ocean Heights $128,681 Alessandrini/Palma Sola $164,056 DaCosta/Windward Beach Estates $232,396 Sea Air Holdings,LLC/Big Pine Key(1 lot only) $20,095 Knowles/Southern Pines $77,423 Adams/Big Pine Key $20,095 FY 22 Potential Revenue $3,113,844 FY 22 Potential Balance from$5 Million *Estimated net proceeds from sale u3,'1 12,P'r44 P1Ck@t Pg. 252 leuoil!ppe jo uoisssnos! 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Stewardship Act. • Conservation Lands Purchased: • Acquired FY22 YTD: • 4237 Parcels $3,113,844 Acquired in Florida Forever • $46,610,762 • Resold FY22 YTD: • Affordable Housing: $576,967 with an additional$2,536,878 pending • 155 Parcels • $50,572,616 • Recreation: • 154 Parcels • $6,770,324 MCLA Programs Density Reduction/Resale Less Than Fee The goal is to purchase lands that do not consist of The goal is to purchase development rights from significant habitat for the purpose of retiring the owners of lots zoned IS, IS-M and URM adjacent density (Transferable Development Rights or TDRs) to the seller's primary residence. Property owners can continue to use the land for accessory and satisfying private property rights prior to structures permitted by county land use litigation resulting from limitations imposed by the regulations, such as a pool, open yard, or garage. designation of an area of critical state concern. • Density Reduction: Less than Fee: • 24 Lots 69 Lots • $1,542,023 $3,795,349 • Resale • 13 Lots without TDRs County C I P includes an • $425,494 additional $500, 000 being added to Fund 316 Y"�d4I°^;Yb 6 ° st IM I��fy°�IR sda �AII I �WWP� fW DEP d.Wl lug:. y in µAr o to 14 so MCLA Revenueso �1151 to w " ,. �� Mis 1 1, �m r ., I0 20 m oc Coaw) Lund Av,hodly wuuc . 1 aon IL,,t wr Data ?07 Tr r MrE PR tnrrimpf onn Tourist ImpactTx SIN YTn I Conservation Recreation Ad1iNa4 GOAL, $s M • Protection of property Nov °k°r ov 1, Y fV rights m Affordable bl h or a e ousing MCLAAcquisition Expense Expenditures Year 2012 2013 2014 2015 2016 2011 2018 2019 2020 2021 2022 Yf D 2023 Kerr west $ n $n $12,214,380 $682,876 $ $n $2,000,000 $0 $0 Florida Keys $2,383,1 3 $155,74 $2,436,448 $1,814,4,17 $2,500,629 $2,4 8,075 $2,3 3,748 $2, 24,203 $2,7 4,G1 r $ 37,173 $3,320,8o ROGO Reserve $34,141 $fir $0 $0 $0 $2,0 $0 $539,37 $0 $175,304 $0 12,21.4,,380 $12,000,000 Under Contract @tlllll i" mw IINVu w"tl,kN 1 4, °....p..°.wwa.°w.w w� ii.rt Nwm w.wl� S1Sfi wr ' 2,0 0,000 mar ,� u ° �y%if �iiipNp !Wm" ww''` e rY�'" 2 4fl'i"h 7�4ktl rroa "' . "a 37 tl r 3 rw a'iu TMU.rii """u,.,,S tl1 a rM 246 wmww° AS S ;6 0,000 r tl5q�„4m dG eIV1W"p0m °"fir � � '. +� t„ om,,., ,,,,„," .,,,,,,,,,,,,,,,,,,,,,,,,//.,,,,,,,,,, ,,,,,,,,,,,iF 2012 2013 2014 2015 2016 2017. 2018 2019 2020 2021 2022 YTD1 2023 COVID Key West „moo,-ROGO Reserve FY22 Pip eline of Acq uisitions Closed or Under Contract OUtSide Key West-Generall Acquitsitions FY 22 Enciumbered/Under contract (S 1,964,027) FY 22 Revenues for general acqiuiosOions Hell je senfEden P4ies Clotony 1($31,158) FL Keys ACSC $8,596,341 LaPointefRamrod Shores ($986) HemandezInvestmentslKeyt-argo ($385,41 FY 22 E,xpendlitures to date Sha/Crajins Stongue Trupho TrUSt/SLIgarloaf Key 1 Berne)C41ns, ($,20,1155) MesseraSeIman/Cutthroat Harbor Estates Webber/Crains ($1116,868) Smit,hHazenGreer/Eden Pines Colony 3rd Add #3'1�1 5@8) CarawanHacker/Crains �Mw Hi-Laind Properfies/Lairgo City ($81,446) Graham/Summertand Estates Re-S'ub No. 2 ($35,181) HFHKWLK/(-,ud,ioe Acres ($21,532) lords/Amended Plat of The Ladies Acre, Monigelfi/Perez (S51,260) 110M Hansen/Paradise, Pomt Aftbon ($888) LaSeNaRiosado/Littfe Torch Key ($251,164) OpIandil-ittle Torch Key Wagner/Largo Cfty IN= Carbonell]Nci Narne Key Monroe County/Breezeswept Beach Estates ($9,86) BarherlDoctors Arn'i Vero,Allanfic2/Cra ins KoleclaiSouthern Phes, Kinercha,Sands MCCUIOUghlOcean Hetlghts PalerrnolBay Point Amended Plat ($506,373) AllessandrInUPalma Sol'lai Tom Ryan Inc (H FHLK)/Ciud)oe Key DaCosM taindward Reach IEstates Epifano/Crarns Sea A r Holdings, LLC/BIig Plne Key Acreage Ackert/Sugarfoaf Key Acr,eagie Know les/.Southem Pines JattaR narnp anid ersad/Ss a Adarns)BIg Phie Key Acreage $5, 225, 000 $3, 419, 250 65% of acquisitions Closed/Contracted Resalable to DEP within Florida Forever Current Staffing: Executive Director, Sr. Property Acquisition Specialist, Office Manager State of Florida DEP Expenditures for Conservation since Stewardship Bill Passed BRING WILLING SELLERS ! !I� liijj� IIII � I � � `� •w ��ry II �IIII� � �.,� .n ,.4 y IPI I Is. . . � � � � � VVIIUPI�II�I�V������ $5,000,000 $o i5,000,000 s709,246 II s oa,00a ..,.�, ae, II $ $5,000,000 $89]3z $589,o98 i678,830 a4,7 9, $589,o98 a5, 9 ,I9 �^'sa4hu" aim $5,000,000o III $is s4,709,69: s5589098 $101298,790 FY22 New Process : Pre -Acq uisitions — Resell to State DEP Outside Key West-MICLA Pre-acquired to State of Florlda, State of Florida Acquisitions County FY, Not State IFY FY 22 Revenue to date 576,967 FY 22 Revenues for acquis Ailons RadenhaUcSen/Porl Dine Heights 2n,dI Addition $37,471 Florida ForevertSlewardship S5,000,0100 MesseraSelmanICUtthroat Harbor Estates $539,496' FY 22 Sa!lles to DEP $2,536,878 FY 22 (Expenditures to date 92,1152 Carbionefl/No Naime Key 100,542 Gahim/Tropical Key Cioiony $31,775 A,ckerUSugarloaf Key Acreage $53,,943 Godfrey/NC Ocean Beach FNshing Club $50,377 Kole&a/Sojuthern Pines, Kinercha, Sands 950,000 JattanRainipersad/Sands $51,260 FY 23 Encumbered/Undeir Contract 1"ill 111.),rill'0 0.F)0 Silva/Crains $81,774 Farrior/Girassy Key $100,000 EplfanolCrarns $39,970 CarawanHacker/Cirains $59,092 Wagner/Largo City $41,203 MorrjslLilttle Torch Key Acreage $300,000 Year to date, State DEP is paying VeiroAtlanficMrains $216,348 McCullloughlOceain Hleights $128,681 approximately 92.% of acquisition costs AlessandrinVIDalma Sola $164,05,6 within Florida Forever DaCosta/Mindwand Beach Estates $232,396 Sea Air Holdings, LLCIBig Pine Key(1 lot only) $20,095 KnowleS/SOUthern Pines $77,423 darns Big PMe Key, $20,095 FY 22 Potential Revenue $3�,113,844 1 FY 22 Potential Ballaince from$6 Million $11,127,037 "Estir'nated net proceeds from sale S 3,11 r,844 NOTE: STATE FY July 1 —June 30 COUNTY FY October 1 — September 30 MCLA Proposed Budget • Restructure Office Manager • Add an Additional Property Specialist position (FTE) Revision Date 7/19/22 MONROE COUNTY LAND AUTHORITY FY 2023 BUDGET Alternative Proposed Proposed Amended Budget Budget Increase/ Budget Actual Budget FY2023 FY 2023 (Decrease) %Change FY 2022 FY 2021 FY 2021 Revenues: Intergovernmental Tourist Impact Tax-Restricted-Key West 2,634,201 2,634,201 734,201 38.6% 1,900,000 3,114,802 1,900,000 Tourist Impact Tax-Restricted-FL Keys 2,718,805 2,718,805 (2,221,195) -45.0% 4,940,000 3,597,679 1,615,000 Park Surcharge-Restricted 407,290 407,290 47,290 13.1% 360,000 400,923 306,000 Tourist Impact Tax&Park Surcharge Administration 308,379 308,379 (91,621) -22.9% 400,000 397,835 219,000 Fund Balance Forward Tourist Impact Tax-Restricted-Key West 11,238,729 11,238,729 1,646,288 17.2% 9,592,441 7,613,898 7,305,289 Tourist Impact Tax-Restricted-FL Keys 2,902,414 2,902,414 1,219,781 n/a 1,682,633 0 0 Park Surcharge-Restricted 0 0 0 n/a 0 0 0 Assigned and Unassigned 8,903,722 8,903,722 1,204,712 15.6% 7,699,010 8,055,202 7,583,853 Miscellaneous Interest Income 25,000 25,000 0 0.0% 25,000 25,629 75,000 Sale of Land 1,252,542 1,252,542 1,252,542 n/a 0 0 0 Donation 0 0 0 n/a 0 473,504 0 Tax Collector Excess Fees 0 0 0 n/a 0 269,293 0 Mortgage Receivable 0 0 0 n/a 0 0 0 Less5% (1,519,554) (1,519,554) (1,329,954) (950,207) Total Revenues 28,871,528 28,871,528 3,602,398 14.3% 25,269,130 23,948,765 18,053,935 Appropriations: Salaries and Benefits 793,187 643,087 (63,013) -8.9% 706,100 429,470 450,684 Operating Expenses 171,100 171,100 100 0.1% 171,000 99,609 168,000 Capital Outlay Office Equipment 10,000 10,000 0 0.0% 10,000 4,373 10,000 FL Keys Area of Critical State Concern 9,731,063 9,881,163 1,284,822 14.9% 8,596,341 844,849 3,926,714 ROGO Reserve 3,293,248 3,293,248 0 0.0% 3,293,248 200 3,293,248 Key West Area of Critical State Concern 13,872,930 13,872,930 2,380,489 20.7% 11,492,441 0 9,205,289 Reserves Contingency 500,000 500,000 0 0.0% 500,000 0 500,000 End of Year Cash 500,000 500,000 0 0.0% 500,000 0 500,000 Total Appropriations 28,871,528 28,871,528 3,602,398 14.3% 25,269,130 1,378,501 18,053,935