Loading...
HomeMy WebLinkAboutItem G05 G5 BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE Mayor James K.Scholl,District 3 The Florida Keys Mayor Pro Tern Michelle Lincoln,District 2 Craig Cates,District 1 David Rice,District 4 Holly Merrill Raschein,District 5 Board of County Commissioners Meeting July 16, 2025 Agenda Item Number: G5 2023-4147 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 July 2025 (through June 30, 2025). ITEM BACKGROUND: N/A PREVIOUS RELEVANT BOCC ACTION: N/A INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: Monthly Report, June 2025 FINANCIAL IMPACT: N/A 2273 MEMORANDUM Office of Monroe County Land Authority TO: Board of County Commissioners FROM: Cynthia Guerra, MPA, CFM Executive Director DATE: July 16, 2025 SUBJECT: Monroe County Land Authority & County Monthly Acquisition/Disposition Report ending—June 30, 2025* *Certain programs may not be reporting as of this date because of the way their revenues are collected MONTHLY ACTIVITY REPORT The Monroe County Land Authority (MCLA) receives recurring revenue for property acquisitions from two primary sources. Pursuant to section 380.0685, Florida Statutes, the Land 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 Land Authority receives a 50% share of the 1% tourist impact tax charged on lodging in the Keys. In addition to these recurring revenues, the Land Authority has received land acquisition grants from the State of Florida and the US Army Corps of Engineers in the past. Beginning in FY22, MCLA successfully worked with the Florida Dartment 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 was for MCLA to sell $5 Million of land per year to FDEP, based on the Stewardship Bill. Unfortunately, FDEP is now in the process of discontinuing this pre-acquisition system due to a budget reduction. FDEP's legislative appropriation for Florida Forever acquisitions was reduced from $100 million in Fiscal Year 2025 to $18 million in Fiscal Year 2026. On June 24, 2025, FDEP notified MCLA that all Florida Forever funding is now obligated and there will be no funding available for the State to purchase pre-acquired land from MCLA until the Legislature appropriates additional funds. The Land Authority will continue to make purchases within Florida Forever areas and will pursue reinstating the partnership as soon as additional State funding is made available. More detail on the partnership with FDEP is explained in more further in the report. The following chart demonstrates the previous 11 years of park surcharge and tourist impact tax revenue for the MCLA with the addition of the FDEP resales. 1 of 15 2274 Monroe County Land Authority Revenue-11 Years olf Ri.stori:¢Data Year Ke West TIMP Florida KesTIMP Sales to CEP 2014 $2.108,785 $1.650,640 $0 2015 $2,3'R6,704 $1.900,434 $0 2016 $2,552,052 $2.016,206 $0 2017 $2,482,974 $2.081,999 $0 2018 $2,41p^497 $1.681.963 $0 z019 $2001797 $2.290.491 $0 2020 41,833,069 $2.078.894 $0 2021 $%270,739 $3.707.030 $0 2022 $4,14t'2,368 $4.493.321 $676.996 2023 $3,5X7,313 $4.107.546 $3.121.882 2024 $2,917799 $4,065080 $2,341,696 2025 YTS iiiiiiiiiiiiiiiiiiiiiillillillillillillilliillillillilI $2.545,106 $2,654,001 $3.140.421 11IISC.AL YEAR 202:-: ;1, 1 U ,;tl ,10^.wid,, T"wfI of l70 1,!024, III',r D P I, V;;A Sri"@+3ft,@+Nb ',a>d0,a>92 1 i i7,4)4fi;F euv�a ,,,,.. a..11' N .6 .�� �➢ 4 u,6r 4 3.:aa,a�aa 55A 59 W b Vkb BB,� b o04ll?1' 1 ' 7.,I1I,r rn,; s1.am.¢+aa xf,m1,1 v- 1xnna, �61I ,1177 .. P v,A 7:4 F $V 4dbf �n9 ACNP u4tV, tl' vv 2014 20H 2016.... 2fOS Nis 2M 2@20 ME 2022 2011E 2k.4 2020 YM —Pack 3—b.,ge ^^^^ brew YY'eah TIMP 6barida K ets'YIMP' ..8.1.1.D,EP Monroe County Land Authority Expenditures-11 Years Historic Data 2014 291.5 201b 1 2917 1 2019 1 2M 1 2020 2021 2022. 2023 1 21024 1 2925 Key Wr:.tls4 $0 $a $12,214,380 $682,676 $0 $0 52,090,000 $a $4,507,916 $0 $0 FRoIi"Iida IKeys S2A36,44&j $1,614„447 52,5010,6291 S2A96,0751 $2,303,74&1 SM24,2031 52„764,6116 $687„173 S5„550,471 $6,240,781 S5„797,427 54,5111,767 $0 $0 $0 $2.„0100 $0 S539,370 $0 5175„304 $0 S0 $11.23,.525 512.3,.598 $14,000,000 ..... _... __ ..... _... __ ..... _... __ ..... _... __ ..... _... __ 'i7''..N,.N'V e6.,9V•VCV $12,000,000 _... _... ..... _... _... ..... _... _... ..... _... _... ..... _... _... ..... $10,000,000. _... _... _... _... _... _... _... _... _... _... _... _... _... _........ 58,000,000 _._ _... .... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... .......... 781 7,,7aI 7,4➢7 ^2 4.B Cv,4+a4t£ SN„SOOI„6n34 ;� 4'H1i VA"r. $2 624,203, 2,764,616 a ^ 19.1n, r a2„03,748 6'201000 ,„„ 1x,�p�IIaVu „ 1i,1.1. ..„„ $0 ;I iI nupu U r 1: " t7,Vn1 2014 2b15 20116 2017 2016 '°1'120019 202D 2021 2022 2023 20124 2025 2 of 15 2275 The MCLA manages or partners in a variety of land acquisition and management programs. This report includes fiscal year-to-date progress for Land Authority activities which may include the following programs: • 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 • Tourism-Based Sector Employee Housing Program • 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 2024. All Projects By Type Y 1 _ '1P"2024 L Project Typ Transactions Par is Acres Units Expenditures Con ry tion 1,758 4„ 5-0 4„113 0 $6 @8° 8,, 43 Density mooch _FS 28 29 5 0 $123,525 Density Q educhon-LTF 83 104 14 0 80 Density Reduchon -VH8P 21 23 17 0 so Affordable Housing 83 176 113 1,330 860,483„271 Recreation 30 156 126 0 37„2 8,8 7 Solid Waste 1 4 74 0 S2,212n. 00 Total 2„002 8„242 4„461 1,330 8130„ 84. 38 The following budget outlook table demonstrates land the MCLA is currently working on acquiring or selling June 1, 2025, through June 27, 2025: 3 of 15 2276 O OD of N N 0 O V V ip ip 1� O O O W W O o O c C 0 p N N V y a a J J O O c o J J a m d d ocia v d Q 10 d o d m T y w o c a o aY c c:= w? 5 p y O O N O p N y y a a J a p J C N d N N U N y U m N J N y N C C y C d y LL 6 m A N a 10 J a m 9 w S m m m m m O - o o o o LL LL y O O O 0 N N N N N N A fq 0 0 0 0 o m m m o rn o 0 0 0 0 0 0 0 0 0 0 0 0 0 o r co ...... ................ o <»o o <» v rn rn co co rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn rn ro rn ...... ................ 0 0o N u�u� oo u� vvvvvvvvvvvvvvvvvv o0000o -m om 000000...... _ 0 0o m m m vv u� vrn rnrn rnv my ry mrn vv mrn co u� roo u�m o0 orn oco orn om oJN N mm my V V V O) N N rr O) -V V--- N m-mug ry mm rug rov rr oo O)�LL�O N(O (O N V(ON NN N- N NN N O) y OfA fA fA LL�fA fA fA fA�fA fANfA fANN� I�fA NfANN I�fAN O) N N m fA fA fA fA N a N fA fA fA fA fA fA fA fA fA fA fA fA------------ N fA fA fA fA fA fA fA fA LL O U N N A y o 0 O y� O N O � U N (n y y C A Z O ` o a o m y y n m m - a c a o d r m m o m U m C o ` m W Q- LL' 0 w N L YO N Z m Q � T N N O W U Q a W u O. T l0 O c N W U d y T a l0 N N m J N N a O Y T m ` 2 o r K mf d� TE mo ��aTi�m Y mm a YL o� mL m y o o= u O pa am d o. WT YE O YmT aow 0 10 0� yK o y U ym c d o g Q � �a�� o ,Wo> oU m o o, m O d dm a U 9a oioUmandd10m� U � y m`� E4 Ulommmy Ew Ucy �m U K d T O E o o._ E m a d u Q 'If Z (� o Uw m m .0 dY m °� y o�= Em E EE o - m crosm >m�_o o - e.arm yKU ' am m y -yocc mJ E �:m yo min Nm >::o mTn 5oE mNmm UU - dd c � dpcn c Es .o d comet% �ma�in �§. dcna w �a aa3� a� �OQ aS uo m >��Vo w m\�U�o-amm Uwuo� JmmU�� LLD mY ry�w��Uw�� �� a dm wa° a° aTiK ww wo a° d KmTn mydc.--mo 3 mm._.L �iE3mdn wS d"' �o d-oE oIE �+ Y n n n n Y n m in c in U oN Y o m o f `O o m`m `m O m o o n o 10 o o o C o a�'i m`o o m m = N N N N N N N NY N LL Nm N m NQ W Q Q(n LL'(n mZ LL'�U�of c,F� Nm UO(n� NS J>JCS mY DU Sm UZ�U N ? o LL LL LL LL LL o LL LL LL♦ ♦ x x x x x x x x x x x x w O 10 10 O W R `o O r o 0 0 0 o noon o m o co net met my met co co mN mm�m mrn coo met co co NN�co m�n�nn co co nn co r o 0 v <»<» <» o <»u�u�o0 o v o m cor vu�ro yr roo vv r� v m�mo rnv ry rnu� m NN Nm rnrn met rnrn m N o 0 7 (p LL� V NONO O O m r V LL�N m V(O(O LL�Nm�(OmrvrmoJmmO mr(Om O)N N m m m r m m m m N 00 O LL W O o O N O o O N M o O N LL M O N N O N O O r r N N LL W V N O LL O O V N rN0 V O LL� O m ru�v mornu�ru�vroou�o rm� oco i» V N� (ON V(ONNm�NN I� 00 � co (O O N N LL� O O)N O W r LL�N N fA N m N V N fA N N fA O)fA fA fA O) fA N fA fA fA fA fA fA fA fA fA N LL�LL�fA fA of V�� � m m So O IN p m y - O m °� A O A R��>m o o - o o� a N N 4> d ld O N C aNCSdYN >m y y N C I/1 1/1 0'. Q N N 1/1 O A N Q Q n ` N U w w w m 'E'E w a w w Q T m E-3 a m $m u 4 � moia o Qpm °�� �Oam�� � YsIm, 10�am� U m m= Qm a� m a m ? m et 9m 2-E mYm�� Uo°a Ti' c d m m et - cww d d o a A y o y o 0 o v A c c ol m o_S o m a Y 2 m U c~m>o m m m 7-yo w m (9 `o ? m U w U m m m 1. m U `o� a in `m o m a s m o K a o Y d �.�-yo m .w r m 00 d t m y U a>:mmY �3o �Tn 10W 10m EU 10� amTnU �c m� UmaUo c o >�o uyia aciE Y da acidmmmv d �1. as acianTo�� w �a wmE�ma:m oom o ��UUw U`m' mm_yy cw m w w m m w m t t t S m LL Y m Y w 0 0 �.E N rn N m N i0 o N n S m >N w N �a 3 y-yoL E o�� m m U w m N N N N m N N N N l0 l0 ip ip ip N N O O O O N N O l0 LL N O ip O C l0 N l0 O J l0 O l0 l0 ip ip ip YN NN N YN NNmmm Y N N N lL NUinm YSmLL'Um�i(3(n LL'a(n�C�a�S mYJ NJmQmOUSmU(na Z�U N ANN mr » > mr » w .�LL LL LL LL .�LL LL LL Z O LL LL LL �LL LL C C 2277 MCLA Acquisitions —City of Marathon Contact: Cynthia Guerra 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 December 12, 2023,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 December 13,2023. In FY 24,MCLA purchased 6 parcels of conservation land in Marathon. Of these acquisitions, 5 parcels were inside the Florida Forever project in Marathon, so MCLA resold those parcels to the State. The remaining parcel was outside Florida Forever, so MCLA conveyed that parcel to the City. To date for FY 25,no parcels have been acquired in the City of Marathon. However,MCLA has obtained several contracts in the Crains and Sunset Bay Subdivisions on Grassy Key, some of which may close prior to the end of the current FY. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 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 December 12, 2023, 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 December 13, 2023. Land Authority staff worked on several purchases with Islamorada in FY 24, but there were no acquisitions. To date, no parcels have been acquired in the Village of Islamorada in FY 25. In early 2025, Village staff conducted outreach to vacant property owners, and MCLA is working with the Village on that effort. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 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 24,the BOCC purchased 27 density reduction properties at a cost of$2,032,724. FY 25 Progress: As of June 30, 2025, the BOCC has purchased 2 density reduction properties at a cost of $812,045. Additionally, the BOCC has received 1 density reduction property as a transfer from the Land Authority. 5 of 15 2278 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 June 30, 2025, the County acquired 104 Less than Fee Development Rights from 104 lots and spent a total of$5,438,631. Fiscal Year Number of Lots 2019 40 llll��llluu� � I�°V"' uuw Imw� .Ili� ���a➢ I� l �duuuuugp � U }Illll�i I m � 88i a uYu eu888jpuu uuuuupiWYu i liii uuu uuuuuuuu�iiium um 2022 3 2023 5 2024 21 2025 0 FY 2025 Progress: Funds for FY 2025 are limited. As of June 30, 2025, there have been: • 0 contracts signed by Sellers, • 0 contracts approved by the Board, and • 0 contracts closed. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. ROGO Administrative Relief Program Contact: Mark Rosch 305-295-5180 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. Applicants who decline MCLA's purchase offer may remain in the ROGO system and continue to compete for an allocation. In FY 24 the BOCC referred a total of 5 properties (with requests for 6 allocations)to MCLA for purchase offers. Of this total, 2 properties were purchased by MCLA, 2 properties are currently under contract for purchase, and 1 applicant(1 property with a request for 2 allocations) declined MCLA's purchase offer. In FY 25 to date the BOCC has not referred any ROGO administrative relief properties to MCLA for purchase. 6 of 15 2279 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, the County Commission agreed through interlocal agreement to have the Land Authority coordinate the review and use of these sites. One site subject to Code Enforcement was acquired through foreclosure auction in May and the Certificate of Title was recorded in June. The parcel will be added to the County's Conservation Lands Inventory for management as conservation land in perpetuity. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 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. In 2022, KWHA provided a report indicating that some of the units did not meet the MCLA affordability criteria because the family income exceeded the maximum allowed income. MCLA staff, working with legal counsel, wrote a memorandum to Key West staff explaining the non-compliance issue and wrote a letter to the owner notifying him of the 4 non-compliant units 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 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, but it hasn't happened to date. In summary, generally, the proposed changes allow: income would 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 would 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; and units would be rented to income qualified workers within Monroe but allow them to remain tenants if they retire or become disabled. On December 4,2023,Key House Housing Authority issued a memo that Peary Court is in compliance with the 2016 deed restrictions. MCLA is still awaiting information from the City as to whether they want to amend the deed restrictions. KWHA Poinciana Housing Project (aka 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 7 of 15 2280 (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 MCLA FY25 budgeted amount. The Advisory Committee voted to recommend approval in September and the Governing Board approved Resolution 01-2025 authorizing the funding on October 16, 2024. KW Poinciana Plaza(Poinciana Housing Complex-Permanent Homeless Housing aka Continuum of Care) —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. 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. The Advisory Committee voted to recommend approval in September and the Governing Board approved Resolution 02-2025 authorizing the funding on October 16, 2024. KW The Lofts at 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 8 of 15 2281 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. The Advisory Committee voted to recommend approval in September,2024, and the Governing Board approved Resolution 03- 2025 authorizing the funding on October 16, 2024. Monroe County Scattered Sites/MC Employee Housing—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 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. The Landings at Sugarloaf — A development firm acquired the parcel for development of a large housing development. The neighborhood objected and was able to settle with the developer on development of a project subject to a Settlement Agreement. MCLA was solicited to assist and it was determined that construction funding was an appropriate option to support the project, rather than the more typical land purchase and lease, because the land is encumbered by the settlement agreement that would create unwanted liabilities for the County and Land Authority. On January 31, 2024, the BOCC approved Resolution 037-2024 nominating the project for construction funding and the Governing Board approved Resolution 03-2024 for up to$2,240,000 in construction funding for 56 affordable housing units. The Governing Board also approved hiring Hana Eskra to assist in review of the development proforma and First Housing Development Corporation to conduct a Subsidy Layering Report. Approval of the proforma and the report will be required for the Land Authority to get Governing Board approval of a final determined amount of construction funding needed. The BOCC approved Resolution 114- 2025 on February 19, 2025 which extended the reservation of 56 affordable housing ROGO allocations (55 low income and 1 moderate income)until December 31, 2025. Land Authority received a proforma on May 5,but is awaiting a Subsidy Layering Report due from the underwriter First Housing Development Corporation. Along with the proforma,the developer included a request to increase financial support from $2,240,000 to $6,720,000. A Subsidy Layering report was received in June 2025, and is under review as well as the request for additional funding. 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 families for the homes and received Certificate of Occupancy 41145178 on November 20, 2024. Habitat conveyed the property to Monroe County and has entered into a 99-year lease subject to a Land Use Restriction Agreement ensures compliance with affordable housing requirements. With the transfer of the land to the County, execution of the lease, and receipt of the Certificate of Occupancy, Habitat for Humanity has completed all the requirements to be released from the mortgage. The Satisfaction of Mortgage was completed on November 4, 2023. Families were able to enjoy the 2024 holiday season in their new homes. This project is completed. 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. Site preparation for the modular homes has either begun or will begin before June. Families have been selected for all of the sites, which include: 9 of 15 2282 • 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). The property is in permitting. Site preparation is pending. • Site 7: RE 400300250-000000; 30936 Nathalie Street; bayside of Big Pine Key, MM 31; Block 3, Lot 5, Sam-N-Joe Subdivision (PB 3-76). County building permit issued 12/9/24, and site preparation began in March. • 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. County building permit issued 12/9/24 and the modular is onsite. The new owners should be in residence in June. • Site 10: RE 400222830-000100; 28249 Julia Avenue; MM 28, bay side of Little Torch Key; Block 1, Lot 9, Amended Plat of Ladies Acre. County building permit issued 10/21/24 and the modular is onsite. The new owners should be in residence in July. The following sites were also acquired by MCLA and then conveyed to BOCC for Habitat development. Site preparation for the modular homes has begun or will begin before July. Families have been selected for all of these sites, which were on the 12/13/23 BOCC agenda to lease to Habitat: • RE# 00305070-000000, 31142 Avenue F, bayside of Big Pine Key near mile marker 31, Lot 13, Block 36, Sands Subd. (PB 1-65). County building permit issued 9/13/24 and the modular is onsite. The new owners should be in residence in September. • RE# 00305850-000000, 31371 Avenue F, bayside of Big Pine Key near mile marker 31, Lot 7, Block 41, Sands Subdivision (PB 1-65). County building permit issued 8/29/24 and the modular is onsite. • RE# 00305880-000000, 31372 Avenue G, bayside of Big Pine Key near mile marker 31, Lot 10, Block 41, Sands Subdivision (PB 1-65). County building permit issued 9/13/24 and the modular is onsite. The new owners should be in residence in July. • 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). A variance was approved and the property is in permitting. Additional sites have been acquired by MCLA have been conveyed and leased or are programmed for the conveyance and lease in the coming months, including: • RE# 00300580-0000000, 252 Sands Rd, bayside of Big Pine Key near mile marker 31, Lot 18, Block 2, Darios Subdivision (PB3-92) • RE# 00111360-000500, 81 County Rd, bayside of Big Pine Key near mile marker 31, meets and bounds in Section 26 Township 66 Range 29 • RE# 00302940-000000, 31373 Avenue C,bayside of Big Pine Key near mile marker 31, Lot 8, Block 24, Sands Subdivision (PB1-65) • RE# 00308540-000000, 31568 Ave D, bayside of Big Pine Key near mile marker 31, Lot 16, Block 22, Big Pine Cove (PB 1-131) • RE# 00308540-000100, 31562 Ave D, bayside of Big Pine Key near mile marker 31, Lot 15, Block 22, Big Pine Cove (PB 1-131) • RE#00308540-000200, 31574 Ave D,bayside of Big Pine Key near mile marker 31,Lot 7, Block 22, Big Pine Cove (PB 1-131) • RE# 00300390-000000 and 00300390-000100, 30919 Edwards Rd A &B, bayside of Big Pine Key near mile marker 31, Lot 9, Block 1, Sands Subdivision (PB3-92) Habitat for Humanity(Middle Keys): 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 10 of 15 2283 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): In June 2023, the Board of County Commissioners reserved 10 low income category affordable ROGO allocations for Habitat for Humanity Upper Keys. Upper Keys Habitat then requested MCLA purchase 10 lots for affordable housing development. In 2024, the Governing Board approved purchases which be leased to Upper Keys Habitat to redevelop with 9 affordable housing units. MCLA will convey sites to BOCC and then BOCC will lease to Habitat. One more parcel is being sought to complete the inventory. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Tourism-Based Sector Employee Housing Program Contact: Cynthia Guerra 305-295-5180 Monroe County has successfully identified $35M of surplus Tourist and Development Council (TDC) funds that can be used to purchase or develop housing units to provide affordable housing for employees of tourism-related businesses. The law that allows these funds to be used for this purpose require a maximum income of 120% of the area median income. The Interlocal Agreement between Monroe County and MCLA was modified in November 2024 to allow the MCLA to assist the County in the implementation of the program. MCLA's primary role will be to assist in the acquisition of land and residential structures. MCLA is working with the County Administrator and the Monroe County Housing Authority to identify parcels to acquire. The first two TDC projects were approved by the Board on May 21, 2025, one on County-owned land in Marathon and another on private land in Cudjoe. The Land Authority negotiated a purchase agreement for the Cudjoe project, which was approved by the Board on May 21, 2025. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Community Development Block Grant/Disaster Recovery(CDBG-DR) Voluntary Home Buyout Program Contact: Cynthia Guerra 305-295-5180 The Voluntary Home Buyout Program (VHBP)was created in 2020 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 to 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. The grant agreement ended on June 3, 2025. Land Authority staff detailed the grant closeout at the April 2025 Board meeting. A closeout package was submitted to the State on May 28, 2025. This grant program is complete. 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 22.49 development rights (21 market rate ROGO Exemptions and 1.49 Transferable Development Right). All of the market rate ROGO Exemptions available from VHBP transactions are being moved to the Administrative Relief Pool for market rate allocations. Of the $15 million awarded, $14,654,938 was spent. ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. 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 (FDEP). The State has established three Florida Forever projects in the Keys: • North Key Largo Hammocks • Coupon Bight/Key Deer 11 of 15 2284 • Florida Keys Ecosystem As the end of ROGO approaches,the State's long-standing acquisition efforts have been essential to reduce future liability. The County and the Land Authority have advocated that FDEP 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 has been assisting in this effort by serving as a local partner with FDEP, pursuant to a memorandum of agreement between FDEP and the County. In this role, the Land Authority has been locating suitable properties with willing sellers for FDEP, obtaining due diligence products for FDEP, and pre-acquiring conservation land for resale to the State. Since July 1, 2016, with the passage of the Florida Keys Stewardship Bill, FDEP has spent approximately $14,775,063 and retired 181.1 development rights as of June 27, 2025. The goal has been for FDEP to spend $5 million annually on acquisition in the Florida Forever boundary. The table below demonstrates the annual expenditures by FDEP, since passage of the Florida Keys Stewardship Bill through June 27, 2025: 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 $1,045,998 $2,937,553 $3,983,551 TOTAL $5,966,518 $8,808,545 $14,775,063 *Includes soft costs such as Appraisals,surveying,etc. Since the goal of FDEP spending $5 million annually under the Stewardship Bill has not been achieved by the State making direct purchases from private sellers, Land Authority and FDEP staff established a system during 2022 where MCLA pre-acquires land in Florida Forever projects for resale to the State. As of June 27, 2025,this system has successfully resulted in the State purchasing $8,808,545 of pre-acquired property from MCLA since July 1, 2016 and $5,966,518 in direct purchases since July 1, 2016 for a total of $14,775,063. 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 12 of 15 2285 • 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 • MCLA/HFHLK Hilda-Closed $ 16,953 • MCLA/GiIC-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 $ 345,588 • MCLA/Sakowski-Closed $ 142,041 • MCLA/Ansell Southern Pines -Closed $ 51,677 • MCLA/Easter-Closed $ 51,677 • MCLA/Ansell Crains -Closed $ 20,436 13 of 15 2286 • MCLA/Atkinson—Closed $ 634,002 • MCLA/ShepherdHillHolt—Closed $ 16,497 • MCLA/Ronning -Closed $ 20,505 • MCLA/Smith—Closed $ 26,864 • MCLA/Borders —Closed $ 39,936 • MCLA/Novacek -Closed $ 117,452 • MCLA/Ramirez—Closed $ 85,866 • MCLA/Marino—Closed $ 61,733 • MCLA/Crawdaddy Lots 10 & 11—Closed $ 278,874 • MCLA/MarshallJostock—Closed $ 47,800 • MCLA/Rose—Closed $ 58,919 • MCLA/CatesReynolds $ 334,141 • MCLA/Tropical Isles, Inc. $ 278,156 • MCLA/Garcia/Gomez/Rodriguez $ 157,150 $ 8,808,545 The pre-acquisition system has been effective in increasing the pace of State closings. As of June 27, 2025, MCLA has either purchased or has a contract to purchase the following properties that are "in the pipeline" for ultimate resale to the State: • Bromley/Sands • Crawdaddy/Bahia Mar Estates (Lots 8 & 9) • Quehl/Cudjoe Acres • ShereManach/Ramrod Key Acreage • Roberts Estate/Kinercha • HFHLK Dorn Rd/Rainbow Beach • Luong/Palm Villa • Walker Estate/Big Torch Key • Gonzalez/Thompsons • Lorenz/Sands • Bryan/Pam Villa • KovacMurano/Niles Channel • Dewitt/Crains • Crow/Crains • Hager Estate/Crains Unfortunately,FDEP is now in the process of discontinuing this pre-acquisition system due to a budget reduction. FDEP's legislative appropriation for Florida Forever acquisitions was reduced from $100 million in Fiscal Year 2025 to$18 million in Fiscal Year 2026. On June 24,2025,FDEP notified MCLA that all Florida Forever funding is now obligated and there will be no funding available for the State to purchase pre-acquired land from MCLA until the Legislature appropriates additional funds. The Land Authority will continue to make purchases within Florida Forever areas and will pursue reinstating the partnership as soon as additional State funding is made available. 14 of 15 2287 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, 12 parcels have been resold on Duck Key. They were originally acquired for$940,853 with development rights. The County successfully resold them without development rights for$486,992, an average of$40,583 per Transferrable Development Right(TDR). 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 only received bids on 2 lots. These lots were originally acquired for$95,051 with development rights. Both bids were approved by the BOCC on May 18, 2022, and closed in June and July 2022 for a total of$60,100, an average of$30,050 per Transferrable Development Right(TDR). ............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................. Conservation Land Stewardship Program Contact: Beth Bergh 305-289-6313 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 3,917 County parcels (MCLA & BOCC combined) and 732 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 March 2025: BOCC Acreage MCLA Acreage of # of State- MONTH YEAR parcels of BOCC parcels MCLA owned parcels Parcels Parcels managed Managed Managed March 2025 1,184 683 2,733 1,027 732 15 of 15 2288