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Item G04 G4 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 October 16, 2024 Agenda Item Number: G4 2023-3044 BULK ITEM: No DEPARTMENT: Land Authority Governing Board TIME APPROXIMATE: STAFF CONTACT: Cynthia Guerra 9:25 AM AGENDA ITEM WORDING: Monroe County Land Authority Executive Director Monthly Report for October 2024 (through September 30, 2024). ITEM BACKGROUND: N/A PREVIOUS RELEVANT BOCC ACTION: N/A INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: Monthly Report.pdf FINANCIAL IMPACT: N/A 2729 MEMORANDUM Office of Monroe County Land Authority TO: Board of County Commissioners FROM: Cynthia Guerra, MPA, CFM Acting Executive Director DATE: October 16, 2024 SUBJECT: Monroe County Land Authority (MCLA) & County Monthly Acquisition/Disposition Report ending—September 30, 2024* *Certain programs may not be reporting as of this date because of the way their revenues are collected MONTHLY ACTIVITY REPORT The MCLA receives recurring revenue for property acquisitions from two primary sources. Pursuant to section 380.0685, Florida Statutes, the Authority receives a park surcharge on admission and overnight occupancy at state parks within the unincorporated area of Monroe County and pursuant to section 125.0108, Florida Statutes, and sections 23-178 and 23-179, Monroe County Code, the Authority receives a 50% share of the 1% tourist impact tax charged on lodging in the Keys. In addition to these recurring revenues,the Authority has received land acquisition grants from the State of Florida and the US Army Corps of Engineers in past. Beginning in FY22, MCLA has successfully worked with the Florida Department of Environmental Protection (FDEP) to allow MCLA to pre-acquire lands within Florida Forever and then resell the parcels to the State of Florida. The chart demonstrates the "revenue" MCLA is receiving as FDEP purchases the land from MCLA. The goal is for MCLA to sell $5 Million of land per year to FDEP, based on the Stewardship Bill. This is explained in more detail in the report. The following chart demonstrates the previous 10 years of park surcharge and tourist impact tax revenue for the MCLA with the addition of the FDEP resales. 1 of 14 2730 Mon roe County Land Authority Revenue-10Years of Historic Data Year Key V.t TIMP Florida Ke s TIMP Sales to CEP 2014 $2,1e8785 $1.650.640 $0 2015 $2,399,704 $1.900.434 $0 2016 $2,562,952 $2.016.206 $0 2017 $2,402,674 $2.091.999 $0 2018 *2,W497 $1.681.963 $0 .019 $2,6901797 $2.290.491 $0 2020 $1933,069 $2.078,894 $0 2021 $3,2781739 $3.787,030 $0 2022 $4,142,368 $4.493.321 $676.996 2023 $3577313 $4.107.546 $3.121.882 2024 YTS $3,209,964 $3.699.626 $2.341.696 FISCAL YF_R1024 ,i,,V, ,I ,I ll"Fl 'NMI $4,433,321 $4,107,546 $3,699,626 54d4,r�,368 "8,739 �o A1Is1,e� .. ���s ,:$ 99B,4'1 ,,,�.,� m, ,,, s2,690,797 ��' $➢90Nq,434„,., S 6 A $ M196'764 $.4lld 497 � � $ FJ16_Of $P,S41„6%E 51,9,.3,W069 SZ36...�.. ...,.. .... ... ............. .,..,,... ........$4'..._.. 478 $600,SB 55�S4496 V444a6 .$41�3s .. . .. .6314,06E ....,.. . $4s ee ....e $493 7 $46_�,177� $41as„4<a6 --p k n..— K.e,W eec M NIP E—d,Ker2 TD HI -2�a1e,v D,EP Monroe County Land Authorit Expenditures—10 Years Historic Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Key Wet $0 $0 $12,214,380 $682,876 $0 $0 $2,000,000 $0 $4,507,916 $0 $0 Florida IH�i: ;s; $2,436,448 $1,814,447 $2,500,629 $2,498,075 $2,303,748 $2,624,203 $2,764,616 $637,173 $5,550,471 $6,240,781 $5,797,427 $0 $0 $0 $2,000 $0 $539,370 $0 $175,304 $0 $0 $123,525 E1a,$ ........................................................................................................................ $12.,214�,380 $12,0+00, rC1'3r _... __ ..... ..... _... __ ..... _... __ ..... _... __ ..... _........ $S,000, ......................... ...... ................................................................................ 65,mo,mi . ....................... .......... ..................................................................P 550¢Fa 4 6 2 WF@11 $e,797,427 ......, ... . ... 16 &a, , .............................. .......... ........................ .... ............. �,............................,. $2,43 �0 ...V$1,814� F $2 062'� 499,075 $2, 74S 2 fi��C .,, ,42"k,"lll +' '1 .. _... .. $539370 $2 .� 50 §A�� „... _... _....... N so $� ,.... $ m s 2024 2 S S �uq dQ20 202A .1622 )2 AIR 2024 2 of 14 2731 The MCLA manages the following programs, of which,progress is being reported as follows: • MCLA Acquisitions/Dispositions o City of Marathon o Village of Islamorada • Density Reduction Acquisition Program • Less Than Fee Acquisition Program • Administrative Relief Program • Code Compliance Foreclosure Properties Reuse • Affordable Housing • Community Development Block Grant — Disaster Recovery (CDBG-DR) Voluntary Home Buyout Program • Florida Forever Program • Density Reduction Resale Program • Conservation Land Stewardship Program MCLA Acquisitions /Dispositions Contact: Mark Rosch 305-295-5180 The following table summarizes all acquisition projects where MCLA has acquired or assisted in the acquisition of real property interests since MCLA's first acquisition in Fiscal Year 1988 through Fiscal Year 2023. All Projects By Type FY 1988 - FY 2023 ILA Project Type Transactions Parcels Acre Units Exgenditures Conservation 1,727 4„705 4„083 0 $57,902,736 Density 1 edLJOM - FS 22 25 5 0 0 Density Reduction - LTP 67 83 11 0 0 Density l e Uc ion - VHBP 15 18 4 0 0 Affordable Housing 78 157 'G 11 1,316 ` 57,¢ 23„286 Recreation 30 155 126 0 ` 7„275„507 Solid Waste 1 4 74 0 $2,212,500 Total 1,041 5,158 4,414 1,315 $125,015,219 The following budget outlook table demonstrates land the MCLA is currently working on acquiring or selling September 1, 2024 through September 30, 2024: 3 of 14 2732 Budget Outlook as of 9130124 1-id.Key West FY 24 Butlget for general acquisitions Key West ACSC $15 850 058 FY 24 Expentlitures to d.. $0 FY 24 Encumberetl by MCLA R.sol $0 $0 FY 25 Potential Construction Encumbrances ($16 110 451) Beheme Vll ieg.L.tt,Resel I-290 ($4 028 250) Beheme Vlliege Lofts Resal 23-289 ($900 000) Beheme Vlleg.Lefts R...124-185 ($1 242,207) KW HA(45 or 54 new.niG)Poinciana Resol 24-137 ($10 000 000) FY26 Potential Construction Encumbrznc ($2 800 000) KW Go tll—ofGare/AH ofPoinciana Resol 24137 ($2,.0000) FY 25 Potential Balance $3 120 399 Outsid.Key West-General Acquisitions Outsid.Key West-ROGO Reserve F-d FY 24 Budget for general acquisitions FY 24 ROGO Reserve FL Keys ACSC $14,112,837 FL Keys ACSC $3 293 248 FY 24 Expentlitures to d.. ($5�9�427) FY 24 Expentlitures to d.. ($123 525) Ruiz T.u,USugenoef Key Acreege ($5y 297) Rathdeut,ch/Tmpicel Bey 3od Addifi.n ($123525) Lime/Cahill Pines end Palms ($91 490) L.b.g/Pelm Vlle ($762'0'3) FY 24 Encumberetl/Untl....,t—t ($123,1 V.lez/Ed.n Pines Calony 1,t Adddi.n ($76 220) Fri.d/H ems m.P.M Estates ($123811) Sekow,k✓Remmd Key Acreege ($130,181) Cle.oy/Remr.d Shot.,First Addti.n ($448213) FY 24 Potential Balance $3045,913 W.in,tein/Pin.Key Acres ($68 559) Ying,t/Big Pine Key Acreege ($82,433) G.nerel Reserves B.yd/Remmd Shot.,First Addifi.n ($20'155) FY 24 Contingency $500000 Nsls.n/Ldtl.K..ck.md.wn Key ($202056) FY 24Entlof Yea.Cash $500000 Soth-b—t Homes/Gutthr.et Herb..Estates let Addifi.n ($71638) Telored H.—,LLC/Port Pine Heights l,t Adddi.n ($56 211) N.vec.k/S.—fl.nd Estates R.sub No 2 ($117 098) Ansell/S.utt....Pines end Co.,., ($72,225) LJ.Get—,LLC/Hibiscus P.M ($538898) GillenH.gen/Bun.n',Addifi.n toTev.mi.. ($988631) E,pin.,e/S....t Bey 1,173 ) WrightMig Pine Key ($219,123) E.,t./Sends ($51360) F.mend.LO..en P.M Vlleg. ($125498) M...hell J.,t.ck/Bey Helen S.cti.n 3 ($46 381) L—It Palms ($127�00) Rase/Grains ($35'968) Shmud.ri Doct..s Ann First Add".. ($144 248) Key L.M.Reef,LLCM.,b,Ocean Perk Estates ($132,�48) Aril Fund 2011/Grains ($18 203) Merina/Summerlend Key Pmperties ($63,168) R—l—/Summerlend Key Pr.pe.ti., ($89,137) Atie/Herris Ocean Perk Estates ($244,173) Sh.ph..dHillHalt/S.—fl.nd Est,R.-Sub No 2 ($16 203) Cet.,R.yn.ld,/Cudjoe Key Acreege ($244'146) Thatch L...,LLC/Cutthroat Herb..Est,.let Addifi.n ($117 873) Nele/Cutthmet Herb..Est,.1,t AddRi.n ($233 456) Smith/The Ladies Acre let Addifi.n ($26 216) R.ndng/Remr.d Shot.,let Addifi.n ($20 205) B.,J.../Pine Crest ($39 250) FY 24 Encumberetl/Untl..contract ($1032,794) HFH LK/D.m Need-Retoo—Beech ($21301) Pe„/Bjbbbn Perk(21ot,) ($51 273) C.awdeddy,be/Behie Mer Estates ($277 473) Welke,E,tet./Big T.rch Key Acreege ($922'742) G.nzelsz l=p,.n, ($71382) Lorenz,It.1/Send, ($121 752) Sh...M enech/Rem and Key Acreege ($213 061) ScotUHibiscu,Perk ($253811) FY 24 Potential Const..b.b Encumbrznc ($2240000) Th,IW,.gsafs.gan.af Key/s.gan.assh.—Resino42024 ($2,240000) FY 24 Potential Balance $4 142 616 Outsid.Key West-MCLA Pre-Acqui.d to State of Flond. State of Fl.nd.Acquisitions FY 24 Revenue to d.te $2341,90 FY 24 Revenues f....quisitions Su erez/Big Pine Key,Inc. $99 496 Fl.nde F...ve/Stewardship G.el $5,000,000 Ouinc....A—d.d Plot of Key L.M.Perk $89496 HFHLK Rocky R.ad/Sugarloaf Key $181496 FY 24 Expentlitures to d.. $0 Specht/Pelm Vlle $49 496 HFHLWCudj.e Acres $66 696 FY 23 Expentlitures 711123 through MOM $406,410 L.pezReym.ndTh.mps.n, $18496 Pilefien/K.y L119,Perk $89496 HFHLK Kng,R.w/Sugerl.ef T...111. $24496 Murphy/Port Pine Heights Second AddG.n $49496 G.nzel.zMYM Sugarloaf Acres Sec l $66696 HFHLK/Hilde Suedvis,on $14496 MCSwdn/Pin.y Point $118496 GiIC/Sugerloef Key $83496 HFHLK Mod Bob R.ed/Sugenoef Acres Section 2 $91 496 Delsin/Summ.heno Key Pmperties $169 496 N e II/Bey Haven Section 2 $49 496 Pe g./Pod Pine Heights 2nd AddRi.n $49 496 State FY 24 Balance basetl on Revenue to d.. $2,251,831 Gil B.ss.nVeldivie/Cudjoe Acres $66696 Ldtle/Ed.n Pines Colony $49 496 State FY 24 Balance basetl on Revenue to d.. $1,337,831 W.iss/Bey Haven Section l $24 496 antl sales end....ntrect Albu,y/R.,nb—Beech $56 496 Pess,Bl.bon Perk(36 lots) $299 496 MCLA FY 24 Balance basetl on Revenue to d.. $2,658,311 Ruiz T.ust/Sugerloef Key Acreege $54 496 Boyd/Remmd Shores First AddG.n $18496 MCLA FY 24 Balance basetl on Revenue to date $1,744,311 Nsls.n/Ldtl.Kn.ek.md.wn Key $199 496 antl sales end....ntrect Tel or.d Homes,LLC/Pon Pine Heights 1st Adddi.n $54 496 Yingst/Big Pine Key Acreege $79 496 W.inst.in/Pin.Key Acres $66696 Es pi nos ./Su be It Bey $16 496 HFHLK Bigger/Ramrod Key Acreege $319 496 Sek.Wsk✓Remmd Key Acreege $124 496 FY 24 Future Sales to OEP end.,Contract $914 000 Atkins.n/Sugerloef Key Acreege $600 000 Ansell/S.utt...n Pines $50 000 Ansell/Grains $20 000 East./Sends $50 000 MershellJ.stock/Bey Haven Section 3 $45 000 R.se/Crains $34 000 N.vee.k/Summerl.nd Estet.s Resub No 2 $11s 000 FY 24 Est.Future Sales to DEP NOT und.,Contract $2 160 300 ` HFHLK Dorn R.ed/Reinb.w Beech $19000 ` Tmpicel Isles,no/ong Beech Estates $440 000 ` Lu.ng/Pelm Vll. $250000 C.awdeddy,Ine/Behie MerEstet.s $275 000 W.1k..Estet./Big Torch Key Acreege $906300 Remirez/Su—fl.nd Key Pr.pe.ti.s $84 000 G.nzel.z I—ps.ns $69000 B.rd.s/Pin.Crest $38 000 Merin./Summerl.nd Key Pmperties $60 000 Shephe.dHillHolt/Summerlend Ests R.-Sub No 2 $15 000 Cet.sR.yn.lds/Cudjoe Key Acreege $240000 Lorenz,It.1/Sonde $120 000 Sl....bl—oh/Rem and Key Acreege $200 000 Smitl,M, Ledi.s Acre 1st Addie.n $25 000 R.nning/R.mr.d Shares let Addie.n $19 000 4 of 14 2733 MCLA Acquisitions —City of Marathon Contact: Mark Rosch 305-295-5180 The City of Marathon adopted Resolution 2016-48 requesting the purchase of 432 parcels as conservation land. Most of these parcels are inside the Florida Forever project boundary. The City has agreed to manage any of the parcels MCLA acquires that are not ultimately conveyed to the State of Florida. To assist in the acquisition process, the City has provided habitat, density, and Transfer of Development Rights information for the 432 parcels. On 12/12/23,the Marathon City Council approved an Interlocal Agreement between the City and MCLA to allow the City to contribute funds toward MCLA purchases if the price is above appraised value or to allow the City to fully fund the purchase if the City is acquiring the property and MCLA's staff is acting as the City's agent. The MCLA Governing Board approved the agreement on 12/13/23. For FY 24, MCLA has purchased 6 parcels of conservation land in Marathon. Of these acquisitions, 5 parcels are inside Florida Forever and are anticipated to be resold to the State and 1 parcel is outside Florida Forever and has been conveyed to the City for the City to manage. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. MCLA Acquisitions —Village of Islamorada Contact: Cynthia Guerra 305-295-5180 The Village of Islamorada passed Resolution 23-02-11 which requested the purchase of 68 parcels within the Village of Islamorada, wholly within the Florida Forever list. Islamorada has agreed to maintain any purchase made by the MCLA within the Village of Islamorada if MCLA purchases them and the State of Florida does not purchase them after they are pre-acquired. The resolution also provides acreage, assessed values, zoning, development rights, and habitat information useful to appraisers. Islamorada also passed Resolution 23-07-59 adding additional land to their acquisition priorities. On 12/12/23, Islamorada Council reviewed a proposed Interlocal Agreement between Islamorada and MCLA to allow them to fund purchases over and above appraised value or outright purchases, with Land Authority staff acting as agents. The MCLA Governing Board approved the agreement on 12/13/23.Land Authority staff worked on several purchases with Islamorada in 2024, but there have been no acquisitions to date. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Density Reduction Acquisition Program Contact: Paunece Scull 305-295-5180 The Density Reduction Program goal is to purchase lands that do not consist of significant habitat for the purpose of retiring the associated density (Transferable Development Rights or TDRs). Since 2016 through the end of FY 23,the BOCC purchased 24 density reduction properties at a cost of$1,633,566. FY 24 Progress: As of September 30, 2024, the BOCC has purchased 3 density reduction properties at a cost of $399,158. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Less Than Fee Acquisition Program Contact: Paunece Scull 305-295-5180 The Less than Fee Program's goal is to purchase Development Rights from owners of lots zoned IS, IS-M and URM adjacent to the seller's primary residence. Property owners can continue to use the land for accessory,non- habitable space structures permitted by county land use regulations, such as a pool, open yard, or garage. Since 2018 through September 30, 2024, the County acquired 104 Less than Fee Development Rights from 104 lots and spent a total of$5,438,631. 5 of 14 2734 Fiscal Year Number of Lots 2019 40 Illl�llluu� � I�°V°� uuw Imw� .Ili� ���a➢ I� l �duuuuugii Jill III. m � umm m ° � um t umm ° uuu� u�l'�YYY,�YYYY Y�Y��YYYYw liii uuuuuuuuuuu mium umiiiii� a III a :�w V � 2022 3 2023 5 2024 YTD 21 FY 2024 Progress: As of September 30, 2024, there have been: • 16 contracts signed by Sellers, • 16 contracts approved by the Board, and • 16 contracts closed.* *One purchase included a market rate ROGO exemption that was added to the Administrative Relief Pool. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. ROGO Administrative Relief Program Monroe County has a ROGO administrative relief program. Applicants who have been unsuccessful in obtaining a ROGO allocation after competing in the ROGO system for four years may apply to the County for administrative relief. Prior to processing an Administrative Relief purchase, County staff ask MCLA staff whether the site is a priority purchase. If MCLA responds affirmatively, then county staff request the BOCC to review the administrative relief application and if the BOCC determines the appropriate form of administrative relief is a purchase offer, MCLA offers to purchase the property. Acquisitions of this type are funded from the ROGO Reserve Fund in the MCLA budget. In FY 24 to date, the BOCC has referred a total of 5 properties (with requests for 6 allocations) to MCLA for purchase offers. Of this total, 1 property has been purchased by MCLA, 1 property is currently under contract for purchase by MCLA,2 parcels are in process towards purchase offer, and 1 applicant(1 property with a request for 2 allocations)declined MCLA's purchase offer. Applicants who decline MCLA's purchase offer may remain in the ROGO system and continue to compete for an allocation. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Code Compliance Foreclosure Properties Reuse Contact: Cynthia Guerra 305-295-5180 The Monroe County Code Compliance Department forecloses on long term code liens through a process designated by the County Commission. After foreclosure, the land may be suitable for multiple uses within County Departments or may also be useful for conservation purposes or density reduction.It could also be eligible for the resale program. Because the Land Authority manages several of these programs on behalf of the County, recently the County Commission agreed through interlocal agreement to have the Land Authority coordinate the review and use of these sites. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 6 of 14 2735 Affordable Housing Contact: Cynthia Guerra 305-295-5180 Key West Peary Court — MCLA assisted in this project by providing $12.5 million to maintain affordable housing. Recently KWHA provided a report indicating that some of the units did not meet the MCLA affordability criteria. In other words, the family income exceeds the maximum allowed income. MCLA staff, working with legal counsel, wrote a memorandum to Key West staff explaining non-compliance issue and correspondingly wrote a letter to the owner notifying him of the 4 non-compliant units and explaining that the leases of those 4 units should not be renewed unless the families occupying the units meet the income requirements found in the Statues. MCLA staff met with Peary Court owners and their attorney, and they have proposed a revision to the deed restriction that would allow them to use three new code provisions the City of Key West adopted into their most recent Land Development Code, since the original deed restrictions were put in place in 2016. MCLA staff requested the property owners seek a resolution of support from the City of Key West Commission related to this request,prior to it being brought to the MCLA Governing Board. Key West staff have indicated they expect this to be reviewed by the Key West Commission in February 2023. The three changes would allow Peary Court units to be: In summary, generally, these changes allow: • Income to be qualified by counting individual income (in the case of roommates), with a caveat that the grand total of all income must still be below the Land Authority maximum income of 160% of area median. • Units to be rented to Monroe County residents (either already as residents or those moving into the County for work) as evidenced by driver's license,voter registration, and an employer verification as opposed to proving 70% of income is earned through employment within Monroe County • Units to be rented to income qualified workers within Monroe but allow them to remain tenants if they retire or become disabled. KWHA Poinciana Plaza 45-54 units — The Key West Housing Authority (KWHA) is developing between 45 and 54 new units at Poinciana Plaza in the City of Key West. The number of units depends on variances for setbacks or other required approvals. The City of Key West requested $10,000,000 through Resolution 24-137 of construction funding from the Land Authority Key West fund. MCLA will disburse $2,000,000 when KWHA receives and provides to the MCLA a written loan commitment from a lender for the entire project cost and a proforma showing the entire project cost, certified by a licensed design engineer or architect. MCLA will disburse the remaining $8,000,000 when KWHA provides MCLA with written confirmation from the City of Key West indicating permits are ready for issuance for between 45 and 54 new units. Upon acceptance of $2,000,000, the KWHA shall sign and record a Land Use Restriction Agreement (LURA) restricting use of the subject property to affordable housing in accordance with section 380.0666(3)(a), Florida Statutes in perpetuity. The City Commission's request for $10,000,000 is within the proposed MCLA FY25 budgeted amount. On September 25, 2024, the Advisory Committee voted 510 to recommend approval. KW Continuum of Care Poinciana Plaza —The City of Key West through their Continuum of Care partner is developing a 20-bedroom, affordable rental project with a common area and kitchen for every 4 bedrooms, at Poinciana Plaza in the City of Key West. They requested $2,800,000 of funding from the Land Authority Key West fund. The City of Key West adopted Resolution 24-137 requesting $2,800,000 for construction funding, which will be disbursed to the City when the City provides written confirmation that permits for the 20 supportive housing units, comprised of 20-bedroom development are ready for issuance. 7 of 14 2736 Upon acceptance of funds, the City shall sign and record a Land Use Restriction Agreement (LURA) shown in Exhibit A,restricting use of the subject property to affordable housing in accordance with section 380.0666(3)(a), Florida Statutes in perpetuity. The City Commission's request for$2,800,000 is within the proposed MCLA FY26 Budget,pending funding availability. On September 25, 2024,the Advisory Committee voted 510 to recommend approval. KW The Lofts, Bahama Village The City of Key West is developing 28 new units at The Lofts located at 318 Fort Street in Key West with Bahama Village on Fort, LTD, consisting of 18 two bedroom units and 10 three bedroom units. Key West adopted Resolutions requesting funding as follows: Resolution 22-290: $4,028,250 Resolution 23-289: $ 900,000 Resolution 24-185: $1,242,207 $6,170,457 Each unit will be subsidized based on unit type and income level as follows: INDIVIDUAL SUBSIDY AMOUNT PER UNIT TYPE 4 of Initial Subsidy Non-Subsidized Maximum Units Purchase Investment/Unit Cost/Unit Income Level Purchase Bedroom Size Total Subsidy Price/Unit Price/Unit 2 $80,578.00 $80,578.00 $161,156.00 Very-Low 60% 0.75 x AMI* 2-Bedroom $161,156 1 $89,484.00 $89,485.00 $178,969.00 Very-Low 60% 0.75 x AMI* 3-Bedroom $89,485 7 $161,156.00 $107,438.00 $268,594.00 Low 61%-80% 1.5 x AMI* 2-Bedroom $752,066 4 $178,969.00 $119,312.00 $298,281.00 Low 61%-80% 1.5 x AMI* 3-Bedroom $477,248 9 $376,031.00 $322,313.00 $698,344.00 Median/Middle 3.5 x AMI* 2-Bedroom $2,900,817 81%-140% 5 $417,594.00 $357,937.00 $775,531.00 Median/Middle 3.5 x AMI* 3-Bedroom $1,789,685 81%-140% TOTAL $6,170,457 Funds will be disbursed to the City of Key West upon recordation of the condominium documents. Units are deed restricted in perpetuity at income limits less than 160%of Area Median Income. Key West may deed restrict the units further,based on the income levels they wish to serve as shown above in the table. Subsidy amounts are assumable by a future purchaser of a condominium unit,upon proof of income eligibility. On September 25,2024, the Advisory Committee voted 510 to recommend approval. Monroe County Scattered Sites/MC Employee Housing —MCLA presented a chart demonstrating MCLA and County owned parcels for use in the Monroe County Employee Housing Program. BOCC funded $1 Million for construction in FY23 to build 4 housing units. On 1/18/23, MCLA Governing Board approved conveyance of 4 lots on Big Pine Key: (RE# 00300180-000100, 190 Sands Road; RE# 00300180-000200, 180 Sands Road; RE# 00300180- 001700, 170 Sands Road; and RE# 00300180-001800, 160 Sands Road) to the County and 1 ROGO exemption from Suarez property to Monroe County for use in this program. County planning staff submitted a minor conditional use application to transfer the market rate ROGO exemptions from their current location to the 4 lots 8 of 14 2737 on Big Pine referenced above. This application was heard by the Development Review Committee on March 28, 2023. The ROGO exemptions were transferred to the Sands Road lots,the lots have been conveyed to the County and are awaiting a plan for funding the residential development. Habitat for Humanity(Cudjoe Shores 4 plex, Lower Keys)—MCLA provided a$400,000 loan to Habitat for them to purchase a site to construct 4 affordable housing units. Habitat has selected the families for the homes and Habitat expects Certificates of Occupancy soon. Once units receive a Certificate of Occupancy, Habitat will repay the loan, then the land will be conveyed to the County and the County will lease back to Habitat. Habitat for Humanity (Lower Keys) (Conch Republic 4 sites) —MCLA purchased 4 sites for $468,000 with 4 ROGO exemptions and conveyed them to the County. These sites were approved on the 12/13/23 BOCC agenda to lease to Habitat. Habitat has purchased 4 modular homes. Surveys have been completed and one of the homes will not fit on one of the lots. Therefore, Habitat has requested a variance for one lot. Site preparation for the modular homes is scheduled to start between December and February. Families have been selected for three of the sites, which include: • Site 6: RE 4 00308490-000000; 31530 Avenue D, (corner of 5th Street and Avenue D); bay side of Big Pine Key near MM 31; Block 22, Lot 11, Big Pine Cove (PB 3-131) • Site 7: RE 400300250-000000; 30936 Nathalie Street; bay side of Big Pine Key, MM 31; Block 3, Lot 5, Sam-N-Joe Subdivision (PB 3-76) • Site 9: RE 400222830-000000; 28269 Julia Avenue; MM 28, bay side of Little Torch Key; Block 1, Lot 8, Amended Plat of Ladies Acre. • Site 10: RE 400222830-000100; Julia Avenue; MM 28, bay side of Little Torch Key; Block 1, Lot 9, Amended Plat of Ladies Acre. The following sites were also acquired by MCLA and then conveyed to BOCC for Habitat development. Site preparation for the modular homes is scheduled to start between December and February. These sites were on the 12/13/23 BOCC agenda to lease to Habitat: • RE# 00305070-000000, 31142 Avenue F, bay side of Big Pine Key near mile marker 31, Lot 13, Block 36, Sands Subd. (PB 1-65). • RE#00305850-000000, 31371 Avenue F,bay side of Big Pine Key near mile marker 31, Lot 7, Block 41, Sands Subdivision (PB 1-65). • RE# 00305880-000000, 31372 Avenue G, bay side of Big Pine Key near mile marker 31, Lot 10, Block 41, Sands Subdivision (PB 1-65). • RE# 00307000-000000; 31250 Avenue I;bay side of Big Pine Key near mile marker 31, Lot 9, Block 49, Sands Subdivision (PB 1-65). Habitat for Humanity (Middle Keys) requested MCLA purchase a duplex lot for future affordable housing development. MCLA staff obtained a contract from seller Lam and the property purchase was on the April 17, 2024 agenda. The Marathon City Council approved Resolution 2024-45 approving a long-term lease between the City and Habitat for Humanity of the Middle Keys for the development of 2 affordable housing units on the property. The parcel was conveyed to Marathon, and the warranty deed and LURA were recorded on August 23, 2024. Habitat for Humanity (Upper Keys) requested MCLA purchase 10 lots for future affordable housing development. On the February 21, 2024 the Governing Board approved two purchases which will create an opportunity for Upper Keys Habitat to lease, then redevelop with 8 affordable housing units, after the MCLA closes on these purchases. MCLA will convey sites to BOCC and then BOCC will lease to Habitat. Two more properties have been identified and are in process. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 9 of 14 2738 Community Development Block Grant/Disaster Recovery(CDBG-DR) Voluntary Home Buyout Program Contact: Cynthia Guerra 305-453-8756 The Voluntary Home Buyout Program (VHBP) goal is to purchase property damaged by Hurricane Irma using a $15 million grant from the State of Florida after Hurricane Irma, to eliminate future flood risk and assist vulnerable populations in low-moderate income areas. In total, 87 VHBP applications were received by staff and the County's consultants, Tetra Tech. Of the 87 applicants, 21 eligible applicants sold their parcels to the County through VHBP closings, and the remaining 66 either voluntarily withdrew or were deemed ineligible. The acquisitions expended just over $12.4 million of the $15 million grant with the remaining moneys being used for surveys, appraisals, demolition, environmental reviews, title reviews, closings and grant administration. In May, a 1-year extension to the grant agreement was executed between DEO (now Florida Commerce) and the County to assure there is time to complete the demolitions and close out all necessary grant administrative requirements. The new grant agreement termination date is June 3, 2025. Twenty-one VHBP purchase contracts were approved by BOCC. All these transactions have closed, expending a total of$12,438,105.31 for VHBP acquisitions. The 21 transactions have retired 21 development rights (market rate ROGO Exemptions). All of the market rate ROGO Exemptions available from the VHBP transactions are being moved to the Administrative Relief Pool for market rate allocations. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Florida Forever Program Contact: Mark Rosch 305-295-5180 The State of Florida has made substantial investments in the Florida Keys purchasing conservation land pursuant to the Florida Forever Program. This program is administered by the Florida Department of Environmental Protection (DEP). The State has established three Florida Forever projects in the Keys: • North Key Largo Hammocks • Coupon Bight/Key Deer • Florida Keys Ecosystem As the end of ROGO approaches, the State's long-standing acquisition efforts are essential to reduce future liability. DEP should aggressively pursue land acquisition in the Keys because over 3,500 privately-owned vacant, undeveloped parcels lie within the Florida Forever project boundaries. The Land Authority is assisting in this effort by serving as a local partner with DEP, pursuant to a memorandum of agreement between DEP and the County. In this role,the Land Authority helps locate suitable properties with willing sellers for DEP, obtains due diligence products for DEP, and pre-acquires conservation land for resale to the State. Since July 1,2016,with the passage of the Florida Keys Stewardship Bill,DEP has spent approximately $11,442,099 and retired 162.3 development rights as of September 30, 2024. The goal is for DEP to spend $5 million annually on acquisition in the Florida Forever boundary. The table below demonstrates the annual expenditures by DEP, since passage of the Florida Keys Stewardship Bill through September 30, 2024: 10 of 14 2739 STATE FISCAL STATE PURCHASES STATE PURCHASES OF TOTAL STATE YEAR FROM PRIVATE PRE-ACQUIRED LAND PURCHASES* SELLERS* FROM MCLA* 2017 $0 $0 $0 2018 $709,246 $0 $709,246 2019 $2,037,381 $0 $2,037,381 2020 $1,177,841 $0 $1,177,841 2021 $695,492 $0 $695,492 2022 $89,732 $607,323 $697,055 2023 $210,828 $2,924,856 $3,135,684 2024 $0 $2,338,813 $2,338,813 2025 YTD $0 $650,587 $650,587 TOTAL $4,920,520 $6,521,579 $11,442,099 *Includes soft costs such as Appraisals,surveying,etc. Since the goal of DEP spending $5 million annually under the Stewardship Bill has not been achieved by the State making direct purchases from private sellers, Land Authority and DEP staff established a system during 2022 where MCLA pre-acquires land in Florida Forever projects for resale to the State. As of September 30, 2024, this system has successfully resulted in the State purchasing $6,521,579 of pre-acquired property from MCLA since July 1, 2016 and $4,920,520 in direct purchases since July 1, 2016 for a total of$11,442,099. The following demonstrates the pre-acquisitions. • MCLA/Radenhausen/Port Pine Heights 2nd Addition-Closed $ 46,123 • MCLA/Messera Selman/Cutthroat Harbor Estates -Closed $ 561,200 • MCLA/Carbonell/No Name Key -Closed $ 103,555 • MCLA/Epifano/Crains -Closed $ 38,686 • MCLA/Jattan/Sands -Closed $ 50,752 • MCLA/Koleda/Southern Pines, Kinercha, Sands - Closed $ 979,841 • MCLA/Vero Atlantic 2/Crains - Closed $ 215,891 • MCLA/Ackert- Closed $ 50,752 • MCLA/CarawanHacker-Closed $ 57,507 • MCLA/Coto -Closed $ 20,455 • MCLA/Adams -Closed $ 19,755 • MCLA/Wagner-Closed $ 40,697 • MCLA/Silva-Closed $ 76,747 • MCLA/PilafianHOPE-Closed $ 39,561 • MCLA/Morris -Closed $ 318,065 • MCLA/Alessandrini -Closed $ 129,681 • MCLA/McCullough-Closed $ 126,326 • MCLA/Garcia-Closed $ 97,172 • MCLA/Sea Air Holdings - Closed $ 19,755 • MCLA/DaCosta-Closed $ 233,122 • MCLA/Glidden-Closed $ 51,677 • MCLA/Klimeck-Closed $ 51,677 • MCLA/Knowles -Closed $ 79,322 • MCLA/Valle-Closed $ 20,505 • MCLA/Gerson-Closed $ 51,677 • MCLA/Barnes -Closed $ 51,677 • MCLA/Pilafian KLP-Closed $ 99,539 • MCLA/Murphy-Closed $ 51,677 11 of 14 2740 • MCLA/HFHLK Hilda—Closed $ 16,953 • MCLA/GilC—Closed $ 85,866 • MCLA/Dalsin—Closed $ 173,038 • MCLA/Suarez - Closed $ 113,052 • MCLA/QuincosesRuiz - Closed $ 101,147 • MCLA/HFH Rocky Rd - Closed $ 200,697 • MCLA/Specht- Closed $ 60,925 • MCLA/HFH Cudjoe Acres - Closed $ 81,255 • MCLA/LopezRaymond- Closed $ 20,505 • MCLA/HFH Kings Row - Closed $ 38,820 • MCLA/GonzalezMY - Closed $ 68,973 • MCLA/McSwain - Closed $ 121,697 • MCLA/HFH Mad Bob Rd - Closed $ 105,485 • MCLA/Nall - Closed $ 50,602 • MCLA/Page - Closed $ 51,677 • MCLA/GilBessonValdivia- Closed $ 68,973 • MCLA/Little—Closed $ 67,162 • MCLA/Weiss - Closed $ 26,539 • MCLA/Albury—Closed $ 59,366 • MCLA/Pass —Closed $ 325,235 • MCLA/Ruiz Trust- Closed $ 56,705 • MCLA/Boyd—Closed $ 20,505 • MCLA/Nelson - Closed $ 203,887 • MCLA/Tailored Homes, LLC—Closed $ 56,705 • MCLA/Yingst—Closed $ 81,844 • MCLA/Weinstein—Closed $ 68,973 • MCLA/Espinosa—Closed $ 17,422 • MCLA/HFHLK/Biggar—Closed $ 340,308 • MCLA/Sakowski—Closed $ 142,041 $ 6,521,579 The pre-acquisition system is expected to result in considerably more State closings in the near future. As of September 30, 2024, MCLA has either purchased or has a contract to purchase the following properties that are "in the pipeline"for ultimate resale to the State: • Atkinson/Sugarloaf Key Acreage • Ansell/Southern Pines • Ansell/Crains • FieldsEaster/Sands • Marshal lJostock/B ay Haven Section 3 • Rose/Crains • Novacek/Summerland Estates Re-sub No. 2 • HFHLK Dorn Rd/Rainbow Beach • Tropical Isles, Inc./Long Beach Estates • Luong/Palm Villa • CrawdaddyBahia Mar Estates • Walker Estate/Big Torch Key • Ramirez/Summerland Key Properties • Gonzalez/Thompsons 12 of 14 2741 • Borders/Pine Crest • Marino/Summerland Key Properties • ShepherdHiIlHolt/Summerland Est Re-Sub No. 2 • CatesReynolds/Cudjoe Key Acreage • Lorenz/Sands • ShereManach/Ramrod Key Acreage • SmithKevin/The Ladies Acre 1st Addition • Ronning/Ramrod Shores I" Addition ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Density Reduction Resale Program Contact: Paunece Scull 305-295-5180 The Monroe County Land Authority manages the County's density reduction efforts. When buildable lots are acquired under the Density Reduction Program, they may be resold to homeowners of contiguous properties or to Property Owner Associations, without the ability of the purchaser to ask for a Rate of Growth Ordinance (ROGO) allocation to build a residential unit with all density stripped from the land. The County Commission adopted an ordinance establishing a"Resale Program" on January 21, 2022. Duck Key To date, 11 parcels have been resold on Duck Key. They were originally acquired for$927,000 with development rights. The County successfully resold them without development rights for$425,494, an average of$38,681 per Transferrable Development Right(TDR). The BOCC approved a site on Jamaica for resale, not for a dog park; but for contiguous property owners and the POA. MCLA staff issued written letters to contiguous property owners and the POA soliciting bids for the property. Bids by contiguous property owners or the POA were due back by April 14,2023. One bid was received from a contiguous property owner for $61,500. Approval to sell the site with a deed restriction was approved on the May BOCC agenda. This transaction closed August 24, 2023. Tropical Bay Estates Following the ordinance, the BOCC adopted a resolution authorizing resale of 9 lots in Tropical Bay Estates under this program. Of the 9 lots, staff received 1 bid for one lot, 1 bid for a 2nd lot, and no bids for the remaining 7 lots. Both bids were approved by the BOCC on May 18, 2022, and closed in June and July 2022. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Conservation Land Stewardship Program Contact: Beth Bergh 305-289-2511 The Monroe County Conservation Land Stewardship Program manages conservation properties owned by the Monroe County Land Authority as well as those conservation properties owned by the Board of County Commissioners (like lots dedicated to the County for conservation). Additionally, the program manages state- owned conservation properties where the County is the designated land manager,via lease agreements. Currently, the Land Stewardship staff manages approximately 3,937 County parcels (MCLA & BOCC combined) and 666 state-owned parcels. Management activities on the conservation properties include invasive exotic plant removal, habitat restoration, native planting projects, cleanup of solid waste, and hazard tree trimming. The following table shows updated land management statistics for the month of June 2024: 13 of 14 2742 BOCC Acreage MCLA Acreage of # of State- MONTH YEAR parcels of BOCC parcels MCLA owned parcels Managed Parcels Managed Parcels managed June 2024 1,184 683 2,753 1,175 666 14 of 14 2743