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Item H1 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: July 16, 2008 Division: Growth Management Bulk Item: Yes -L No Department: Staff Contact: Andrew O. Trivette AGENDA ITEM WORDING: Approval of a resolution of the Monroe County Board of County Commissioners establishing the monetary value of a single ROGO allocation system competition point for purposes of payment by applicants in the ROGO system with a maximum of 2 points available per application. ITEM BACKGROUND: In March of 2006 the BOCC approved several ordinances that comprise the Tier System which came into effect in October oflast year. Two of those ordinances 009-2006 & 011- 2006 include the available option to increase the point value within the competitive ROGO process by providing fair compensation to the Monroe County Land Acquisition Fund. The ordinances establish that the fair value shall be the value of one ROGO point as awarded through dedication of land. The method for calculating the fair market value of a ROGO point for land dedication was determined by using our Monroe County Geographic Information System (GIS) and Monroe County Property Appraiser records. The finding was that the average fair market of a vacant, legally platted, privately owned, buildable lot located in an Improved Subdivision or Urban Residential Mobile Home Land Use District and designated Tier 1, eligible for dedication to the County for four points, to be $47,002.12. This resolution will give an applicant in ROGO an option to purchase a maximum of 2 points for $11,750.00 per point. PREVIOUS RELEVANT BOCC ACTION: Ordinances 009-2006 and 011-2006 were approved at the March 15, 2006 Board meeting. CONTRACT/AGREEMENT CHANGES: N/ A ST AFF RECOMMENDATIONS: Approval TOTAL COST: BUDGETED: Yes No COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes 1L- No AMOUNTPERMONTH_ Year APPROVED BY: County Atty -L OMB/Purchasing _Risk Management_ DOCUMENT A TION: Included x Not Required_ DISPOSITION: AGENDA ITEM # MEMORANDUM MONROE COUNTY GROWTH MANAGEMENT DIVISION We strive to be caring, professional andfair To: Roman Gastesi, County Administrator From: Andrew O. Trivette, Growth Management Division Director /' ~ Date: July 1,2008 RE: ROGO Point Monetary Value The intention of this memo is to provide additional clarification concerning the establishment of a monetary value for ROGO points. The BOCC approved the suite of ordinances that comprised the Tier System in March of 2006. Two (2) of those ordinances changed the landscape of competition for both our Residential Rate of Growth Ordinance (ROGO) and our Non-Residential Rate of Growth Ordinance (NROGO). These two ordinances, 009-2006 & 011-2006, include the available option to increase your point value within the competition by providing fair compensation to the Monroe County Land Acquisition Fund. This is not the exact title of the fund utilized for land acquisition and management. It is not my opinion that the authors intended a new fund to be created but rather the monies contributed for this purpose be utilized to acquire land for conservation purposes. The ordinances establish that the fair value shall be the value of one ROGO point as awarded through dedication of land. To establish this value we consider the dedication potential for a property which is vacant, legally platted, buildable, privately owned, lots within the improved subdivision (IS) or the urban residential mobile home (URM) land use districts and designated Tier 1. If a property such as this were dedicated under the Tier System the applicant would be awarded four (4) points for each such lot donated. Therefore, to calculate the monetary value per point we calculate the average fair market value for all such lots available for donation. The average fair market value is found through the querying of the current Monroe County Property Appraiser records matching with valid data from the Growth Management Division. Using this method within a geographic information system (GIS) environment we can select the specific parcels which meet the above criteria and determine the fair market value for each such property in Monroe County. Utilizing this method we find that presently 871 such parcels exist and have an average fair market value of $47,002.12. This indicates that the cost to donate one such lot to Monroe County in return for four (4) additional points toward an application in ROGO or NROGO is approximately $47,002.12. We can then conclude that the fair market value of one (1) point is approximately $11,750.00. The ordinances 009-2006 & 011-2006 require this value to be recalculated based on new data each year and be reaffIrmed by the BOCC at that time. Page 1 RESOLUTION NO. -2008 A RESOLUTION OF THE MONROE COUNTY BOARD OF COUNTY COMMISSIONERS ESTABLISHING THE MONETARY VALUE OF A SINGLE ROGO ALLOCATION SYSTEM COMPETITION POINT FOR PURPOSES OF PAYMENT BY APPLICANTS IN THE ROGO SYSTEM WITH A MAXIMUM OF 2 POINTS AVAILABLE PER APPLICATION. WHEREAS, the BOCC approved ordinance 009-2006 at a regularly scheduled meeting on March 15th, 2006 establishing the potential for an applicant to receive up to a maximum of two (2) additional points toward an application in the ROGO competition in return for fair compensation to the County's Land Acquisition Fund; and WHEREAS, the BOCC approved ordinance 011-2006 at a regularly scheduled meeting on March 15t\ 2006 establishing the potential for an applicant to receive up to a maximum of two (2) additional points toward an application in the NROGO competition in return for fair compensation to the County's Land Acquisition Fund; and WHEREAS, ordinances 009-2006 and 011-2006 require that the monetary value of each point be established annually by resolution of the BOCC; and WHEREAS, ordinances 009-2006 and 011-2006 declare that the point value awarded for dedication of one vacant, legally platted, privately owned, buildable, lot located in an improved subdivision (IS) or urban residential mobile home (URM) land use district and designated Tier 1 shall be four (4) points; and WHEREAS, ordinances 009-2006 and 011-2006 establish that the monetary value shall be based on the average fair market value of all vacant, legally platted, privately owned, buildable, lots located in an improved subdivision (IS) or urban residential mobile home (URM) land use district and designated Tier 1 divided by four (4); NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA: Section 1: The BOCC accepts the Growth Management Division's methodology for establishing the average fair market value of all vacant, legally platted, privately owned, buildable, lots located in an improved subdivision (IS) or urban residential mobile home (URM) land use district and designated Tier 1 utilizing the current official records of the Monroe County Property Appraiser as displayed in the geographic information system. Section 2: The BOCC accepts the Growth Management Division's average fair market value for all vacant, legally platted, privately owned, buildable, lots located in an improved subdivision (IS) or urban residential mobile home (URM) land use district and Page 1 of2 Reviewer: designated Tier 1 to be $47,002.12 which average includes 871 properties within Monroe County. Section 3: The BOCC establishes the fair monetary value per point at $11,750.53. This shall be considered the fair compensation per point awarded to an applicant with a maximum award available of two (2) points. PASSED AND ADOPTED at a regular meeting of the Board of County Commissioners of Monroe County, Florida, held on the 16th day of July, 2008. Mayor Mario De Gennaro Mayor Pro Tern Charles "Sonny" McCoy Commissioner Sylvia Murphy Commissioner George Neugent Commissioner Dixie M. Spehar BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY, FLORIDA By: Mayor Charles "Sonny" McCoy (SEAL) ATTEST: DANNY L. KOLHAGE, CLERK By: Page 2 of2 Reviewer: