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Item L16 ADD-ON BOARD OF COUNTY COMMISSIONERS AGENDA ITEM sUMMARY Division: Growth Manaf:ement Department: Planning Meeting Date: July 15.2003 Bulk Item: Yes X No AGENDA ITEM WORDING: Approval for fourteen Affordable Housing Deed Restrictions for fourteen dwelling units from Hawks Cay Investors Ltd. ITEM BACKGROUND: On June 11, 2003 the Planning Commission approved fourteen allocation awards for the applicants listed below provided the applicants' Affordable Housing Deed Restriction is approved by the BOCC. Hawks Cay Investors Ltd. submitted the Restrictive Covenant to Monroe County. The applicants are receiving a dwelling unit allocation award for the year ending July 13, 2003, 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 DIVISION DIRECTOR APPROVAL: Risk Management N/ A , APPROVED BY: County Arty L ,AICP DOCUMENTATION: Included X To Follow Not Required_ DISPOSITION: AGENDA ITEM # Lifo ADD-ON MEMORANDUM TO:: FROM: DATE: RE: Danny Kolhage, Clerk of the Court Timothy J. McGarry, Growth Management Directm- July 15,2003 Clarification of Agenda Item Affordable Housing Permit Number Name on Agenda Item Name on Restrictive Covenant Legal Description 03-1-0001; 03-1- 0017; 03-1-0018; 03- 1-0019; 03-1-0020; 03-1-0021; 03-1- 0023;03-1-0024;03- 1-0025; 03-1-0026; 03-1-0027; 03-1- 0028; 03-1-0029; 03- 1-0030 Hawks Cay Investors Ltd. Hawks Cay Investors Ltd. Lot 6, Block 6, Lots 2, 3, 4, &5 Block 7, Indies Island Sec. I Part I Tom Harbor, Duck Key Pr....red by: Michelle Koby aoo DuCk Key Dr. Ibrllthon. FL 33060 MONROE COUNTY PLANNING DEPARTMENT AFFORDABLE/EMPLOYEE HOUSING DEED RESTRICTION STATE OF FLORIDA COUNTY OF MONROE Notice is hereby given that: I. INlle. Hawk's Cay Investors L TO.. a Florida limited Dartnership I 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: lots: i Block: i and lots 2. 3. 4. & 5 Block Z Subdivision: Indies Island Sec. 1. Part 1 Toms Harbor Key: Duck PB: 5-82 (If legal deScription is metes and boul'lds. attach. separate sheel) Real Estate Number: 00378380.000000 See attachment 'A' partial site plan which indicates permit number in relation to unit address. See attachment 'B' legal description locator. II. Board of County Commissioners Resolution 037-2002 approved Amendments to the Development Of Regional Impact (DRI) Development Order, Resolution No. 365-1986. and Modifications to the Major Development approval for the Hawk's Cay Expansion DRI: providing for an effective date. III. The following is a list of the fourteen employee residential units Building Permit Numbers: 03-2-0001 .03-2-0017.03-2-0018.03-2-0019,03-2- 0020. 03-2-0021. 03-2-0023. 03-2-0024. 03-2-0025. 03-2-0026. 03-2- 0027,03-2-0028.03-2-0029. and 03-2-0030,. IV. Under the affordable housing provisions set for in Chapter 9.5 of Monroe County Code, the owner or owners of the above-described real property have been exempted from payment of "Fair Share Impact Fees" for fourteen (14) residential units to be constructed for Hawks Cay Employees on said real property. V. The annual adjusted gross income for the fourteen employee housing units for Hawks Cay Employee househoids do not exceed the adjusted gross annual income limits for affordable housing within Monroe County as defined in Chapter 9.5, Monroe County Code and as amended from time to time. Real Estate Number: 00378380.000000 Affordable Housing Deed Restriction Page 1 of 4 Initial ~.~. C/?; 3~'dd StSC?;6?;S0C'OI 331~~O ^~~'d ^~Nn03 30~NOW'WO~~ C0'60 C0-tt-,nr Address: 'I T? "'-14 %..... ~t:.-4 Co ~rE ~ '7 r' I ntH.A ll-4rlJN F.... 1'71/'>- The foregoing instrument was acknowledged before me this , J day of /.. ..JO pScrJ is/are ced $> I.- as VI. The rent (Hawks Cay employee housing/tenant) will not exceed thirty (30) percent of the median adjusted gross annual income divided by 12 for households within Monroe County. VII. Under Monroe County Code Section 9.5-266, the fourteen affordable housinglHawks Cay employee 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 thirty (30) years. VIII. 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). IX. The covenants shall be effective for thirty (30) 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 thirty (30) 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. X- All of the restrictions herein shall be binding upon any transferees, lessees, heirs, assigns or successors in the chain of title. l/we certify that l/we am/are familiar with the information herein contained and that it is true and correct to the best of my knowledge and belief; and IIwe will abide by the above stated restrictions pursuant to Monroe County Code Chapter 9.5 as may be amended from time to time. WITNESSESS: O~(j,p~ (Signature) .. O(\QI~s IU aM"" (PrinVType Na e) OWNER OR OWNERS b.~/II~~ (Signature) &./1(; ~~ (PrintlType Na e) Hawk's Cay Investors LTD. Florida Limited Partnership By: Hawk's Cay Management, Inc., a Florida Corporation, General Partner By: n-,~_. =::> Donald H J hnson, President .~ . ~?t'i~~OlClV~l~{J1~~l~ )liIolery Pull1ic - SID:. of Florida - P\J88nmil&O'l EJpi.. Jun 13. 2005 ....'1..'r.of:'t.<.f..'. 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