Item N5 N5
BOARD OF COUNTY COMMISSIONERS
COUNTY of MONROE �� i Mayor Holly Merrill Raschein,District 5
The Florida Keys Mayor Pro Tern James K.Scholl,District 3
Craig Cates,District 1
Michelle Lincoln,District 2
' David Rice,District 4
Board of County Commissioners Meeting
December 13, 2023
Agenda Item Number: N5
2023-1871
BULK ITEM: No DEPARTMENT: Administration
TIME APPROXIMATE: STAFF CONTACT: Roman Gastesi
n/a
AGENDA ITEM WORDING: Discussion and direction regarding the purchase of the South Cliff
Estates Development for employee housing.
ITEM BACKGROUND:
South Cliff Estates is a 28 unit housing development located at approximately MM 95 on the oceanside
of US-1 Key Largo. The developer has offered the project for sale for $11.5 million. The developer is
willing to consider a payment plan over a period of 6 years.
PREVIOUS RELEVANT BOCC ACTION:
INSURANCE REQUIRED:
No
CONTRACT/AGREEMENT CHANGES:
n/a
STAFF RECOMMENDATION: Staff recommends approval.
DOCUMENTATION:
FINANCIAL IMPACT:
To be determined.
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