Item O12
BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Meeting Date: March 19,2008 Division: Growth Management and Housing and
Community Development
Bulk Item: Yes - No x Department:
Staff Contact Person: Lisa Tennyson/292-4462
AGENDA ITEM WORDING:
A public hearing to consider an amendment to the Land Development Regulations for Monroe County
concerning a lawfully established and equitably vested resale price for deed-restricted affordable
housing; revising section 9.5-4 to define the lawfully established and equitably vested resale price to be
applied to sale and re-sale prices of deed-restricted affordable housing.
(Staff is reQUestin2 that this item be withdrawn at this time.)
ITEM BACKGROUND:
Monroe County has encouraged the building of affordable housing with impact fee relief, building permit fee
relied and other incentives. Such incentives and market prices may dictate that lower prices accrue to the initial
purchasers of affordable housing than the allowed price under the affordable housing price restrictions. This
regulation will assure that whatever the initial sale price, the profit on future sales is limited to a certain percent
(2.5%), and the benefit of affordable housing prices inures to subsequent purchasers.
PREVIOUS RELEVANT BOCC ACTION:
None
CONTRACT/AGREEMENT CHANGES: N/A
ST AFF RECOMMENDATIONS: Approval
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 2L OMB/Purchasing _ Risk Management
DOCUMENT A TION: Ind uded X Not Required_
DISPOSITION: AGENDA ITEM #
Revised 8/06