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Item G5 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: Mav 16, 2005 Division: Gro\\ith Management Bulk Item: Yes X- No Department Plannning and Environmental Res. StatY Contact Person: Jerry Sanders. Esq. AGENDA ITEM WORDING: Discussion, guidance to Staff and conceptual approval of proposed agreement to redevelop Seahor.ye Trailer Park in Big Pine and Rowell's Marina in Key Largo. (Staff recommends that the item be continued to the June 21, 2006 meeting.) ITEM BACKGROUND: Boca Developers, LLe is the owner of Rowell's Marina in Key Largo and recently purchased the Seahorse Trailer Park on Big Pine Key. In a proposed "380 Agreement" they propose to redevelop Seahorse Trailer Park as 100 multi-family affordable housing and donate them to the County in exchange for the transfer of 130 market rate development rights to thc Rou'ell 's Alarina property, plus a bonus of 5 market rate RaGa allocations. PREVIOUS RELEVANT BOCC ACTION: On April 19, 2006, the HOCC heard this item; no official action was taken and it was scheduled to be heard at the May 16, 2006 and June 21, 2006 Board meetings. CONTRACT/AGREEMENT CHANGES: NI A ST AFF RECOMMENDATIONS: Grant authority for the County Administrator, Gro\\ith Management Staff and the County Attorney to negotiate with Boca Developers, LLe and present a proposed Agreement to the Development Review Committee and the Planning Commission for recommendation to the Board of County Commissioners. TOTAL COST: N/A BUDGETED: Yes No COST TO COUNTY: N/A SOURCE OF FUNDS: REVENUE PRODUCING: Yes No AMOUNT PER MONTH_ Year APPROVED BY: County Atty _ OMB/Purchasing _ Risk Management DIVISION OIRECTOR APPROVAL: /' J I / V 5/11/2-6 ( Svmrosk( t . . DOCUMENTATION: Included Not Required X DISPOSITION: AGENDA ITEM #