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Home My WebLink AboutItem G11COUNTY of MONROE The Florida Keys BOARD OF COUNTY COMMISSIONERS Mayor Michelle Lincoln, District 2 Mayor Pro Tem David Rice, District 4 Craig Cates, District 1 James K. Scholl, District 3 Holly Merrill Raschein, District 5 Regular Meeting March 11, 2026 Agenda Item Number: GI 26-0639 BULK ITEM: No DEPARTMENT: MC Land Authority Governing Board TIME APPROXIMATE: 9:25 AM STAFF CONTACT: Cynthia Guerra AGENDA ITEM WORDING: Approval of a contract to purchase property for affordable housing within the City of Marathon, Lot 7, Reimann's Subdivision, located at 625 73rd Street Ocean near mile marker 51 from Tri-Star Affordable Development, LLC for the price of $510,000. ITEM BACKGROUND: This acquisition is proposed to secure an affordable housing site for the development of an affordable duplex in partnership with the City of Marathon and Habitat for Humanity of the Middle Keys. The subject property is located at 625 73rd Street Ocean on the ocean side of Vaca Key in Marathon. This lot is currently developed with a dilapidated unoccupied duplex which will need to be demolished as a Land Authority cost. On March 10, 2026, a Resolution will go before the City Council of the City of Marathon, Florida, nominating the property for purchase by MCLA for the purposes of supporting affordable housing. Once the property has been acquired, the property will be transferred to the City and will be redeveloped by Habitat for Humanity of the Middle Keys. Purchase Price and Estimated Closina Costs: • Purchase Price: $510,000.00 • Cost of Appraisal: $4,600.00 • Cost of Survey: $0.00 • Title Fees & Insurance: $3,100.00 • Attorney Fee and Mobile Notary Fees: $725.00 • Recording Fees: $35.50 • Total Costs: $518,460.50 Attributes of the Subject Property: 0 Parcel ID#:00342080-000000 • Size: 9,000 square feet • Tier Designation: City of Marathon does not have a Tier System • Zoning Designation: Residential High (RH) • Vegetation: Mapped as developed. • Acquisition List Qualification: This property is being added to the Acquisition List as an affordable housing site. • Florida Forever Boundary: This property is outside the Florida Forever boundary. • Transferrable Development Rights (TDRs): 2 TDRs • BPAS Dedication Points: 2 points ADVISORY COMMITTEE ACTION: On February 25, 2026 the Committee voted 4/0 to recommend purchasing this property for the price of $510,000. PREVIOUS RELEVANT GOVERNING BOARD ACTION: None INSURANCE REQUIRED: No CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATION: Approval DOCUMENTATION: FINANCIAL IMPACT: N/A Effective Date: Expiration Date: Total Dollar Value of Contract: Total Cost to County: Current Year Portion: Budgeted: Source of Funds: CPI: Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: If yes, amount: Grant: County Match: Insurance Required: Lot 7, Reimann's Subdivision Vaca Key, Marathon Monroe County, FL **PROPERTY RECORD CARD** Disclaimer The Monroe County Property Appraiser's office maintains data on property within the County solely for the purpose of fulfilling its responsibility to secure a just valuation for ad valorem tax purposes of all property within the County. The Monroe County Property Appraiser's office cannot guarantee its accuracy for any other purpose. Likewise, data provided regarding one tax year may not be applicable in prior or subsequent years. By requesting such data, you hereby understand and agree that the data is intended for ad valorem tax purposes only and should not be relied on for any other purpose. By continuing into this site you assert that you have read and agree to the above statement. Summary Parcel ID 00342080-000000 Account# 1419737 Property ID 1419737 MillageGroup 50CM Location 625 73RD St OCEAN, MARATHON Address Legal LT7REIMANNSSUB PB2-145KEYVACAPTSWI/4OFSW1/4SECIANDPTGOV Description LOT 1 SEC-12 TWP-66S RNG-32E OR406-425-426 OR446-705 OR451-810 OR759- 276 OR759-288 OR932-2377 OR932-2378 OR1384-2283 OR2207-536 OR2420- 2300/01 OR2452-1734/35 OR2795-1528/29OR2802-1128/30 OR3168-2111 (Noic::: INoL to be a ised of n VegA doo-anelnts.) Neighborhood 1101 Property Class MULTI -FAMILY DUPLEX (0802) Subdivision REIMANN'SSUB Sec/TWp/Rng 12/66/32 Affordable No Housing Owner TRI-STAR AFFORDABLE DEVELOPMENT LLC 14556 Saint Georges Hill Dr # 258 Orlando FL 32828 Valuation 2025 Certified Values 2024 Certified Values 2023 Certified Values 2022 Certified Values ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... + Market Improvement Value ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $191,083 $190,782 $197,304 $200,007 + MarketMiscValue $5,675 $4,307 $4,344 $4,381 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... + Market Land Value $328,050 $308,003 $309,825 $142,155 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... = Just Market Value $524,808 $503,092 $511,473 $346,543 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... = Total Assessed Value $524,808 $503,092 $511,473 $284,112 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... School Exempt Value ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $0 $0 $0 $0 = School Taxable Value $524,808 $503,092 $511,473 $346,543 Historical Assessments Year ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Land Value Building Value Yard Item Value Just (Market) Value Assessed Value Exempt Value Taxable Value Maximum Portability 2024 $308,003 $190,782 $4,307 $503,092 $503,092 $0 $503,092 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2023 $309,825 $197,304 $4,344 $511,473 $511,473 $0 $511,473 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2022 $142,155 $200,007 $4,381 $346,543 $284,112 $0 $346,543 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2021 $109,350 $170,803 $4,543 $284,696 $258,284 $0 $284,696 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2020 $82,013 $150,853 $1,938 $234,804 $234,804 $0 $234,804 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2019 $80,190 $150,853 $1,952 $232,995 $232,995 $0 $232,995 $0 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2018 $76,545 $150,853 $1,966 $229,364 $229,364 $0 $229,364 $0 The IMaAirnuinn Por lalLil'ihy its aini e.Mirrrate oinlyand sh�(.mid nort be relied iuipcm as flhe aicb al poirfrabiili ty amounnt, ConfacL ouroifire fo verify the acl.ual poir&abfilliity amo"niL Land Land Use Number of Units Unit Type Frontage Depth ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... MULTI R ES DRY (080 D) 9,000.00 Square Foot 75 120 Buildings Building ID 18072 Exterior Walls Style GROUND LEVEL Year Built Building Type M.F.-R2/R2 EffectiveYearBuilt Building Name Foundation Gross Sq Ft 1417 Roof Type Finished Sq Ft 1203 Roof Coverage Stories 1Floor Flooring Type Condition AVERAGE Heating Type Perimeter 188 Bedrooms Functional Obs 0 Full Bathrooms Economic Obs 0 Half Bathrooms Depreciation % 30 Grade Interior Walls DRYWALL Number of Fire PI Code Description ......................................................................................................................................................................................................................................................................................................................... Sketch Area Finished Area Perimeter OPX EXC OPEN PORCH ......................................................................................................................................................................................................................................................................................................................... 50 0 40 FLA FLOOR LIVAREA ......................................................................................................................................................................................................................................................................................................................... 1,203 1,203 188 SBF UTILFIN ELK ......................................................................................................................................................................................................................................................................................................................... 164 0 100 ......................................................................................................................................................................................................................................................................................................................... TOTAL 1,417 1,203 328 Yard Items C. B.S. with 8% W D F R STUCCO 1958 2003 CONCRETE SLAB FLAT OR SHED TAR&GRAVEL CONC 5/B GRND NONE 2 2 0 500 0 Description ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... Year Built Roll Year Size Quantity Units Grade WALLAIRCOND ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 1999 2000 Ox0 1 4UT 1 FENCES ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 2004 2005 6x140 1 8405F 2 WROUGHT IRON 2018 2019 3x50 1 150SF 3 Sales Sale Date Sale Price Instrument Instrument Number Deed Book Deed Page Sale Qualification Vacant or Improved Grantor Grantee ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 3/30/2022 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $41,200 Warranty Deed 2371813 3168 2111 30-Unqualified Improved 6/13/2016 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $2,100,000 Warranty Deed 2802 1128 30-Unqualified Improved 4/22/2016 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $300,000 Warranty Deed 2795 1528 04-Qualified Improved 2/5/2010 $198,000 Warranty Deed 2452 1734 02-Qualified Improved ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 6/10/2009 $480,000 Warranty Deed 2420 2300 12-Unqualified Improved ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 5/5/2006 $425,000 Warranty Deed 2207 536 Q- Qualified Improved ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 12/1/1995 ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... $90,000 Warranty Deed 1384 2283 Q-Qualified Improved 1/1/1985 $65,000 Warranty Deed 932 2378 Q-Qualified Improved ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... 3/1/1978 $31,000 Conversion Code 759 288Q Q- Qualified Improved Permits Number Date Issued Status Amount Permit Type Notes ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... P2006-1590 03/08/2007 Completed $81,988 Residential REMODEL EXISTING INTERIOR ........................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................... P2004-446 03/24/2004 Completed $800 Residential REPAIR ROOF View Tax Info Viieva faxes for khiis IPaircel ....................................................................................................I Sketches (click to enlarge) Photos Map TRIM Notice a SCHGNHIDER 4h„Q Il"illya¢ylEgiay G,1Q11P,IIt Ilpiniva,cy lvkrUce III t„II Data k,h„�I,I,Fqac„I,I,,;,,,19�?. aQ z,s,,,l,,,ll--, AGREEMENT FOR THE PURCHASE OF LANDS THIS AGREEMENT is made and entered into this day of between Tri-Star Affordable Development, LLC , 2026, by and (hereinafter "Seller(s)"), for themselves, their heirs, executors, administrators, successors and assigns, and the MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY (hereinafter "Land Authority") acting by and through the Executive Director of the LAND AUTHORITY. WITNESSETH: In consideration of Ten Dollars ($10.00) in hand, paid by the LAND AUTHORITY, the receipt of which is hereby acknowledged, the Seller(s) agree to sell to the LAND AUTHORITY certain lands upon the terms and conditions hereinafter set forth, and for the price of $510,000.00 for all of the lands and other interests, which lands shall include all tenements, hereditaments, together with all water and other rights, easements, appurtenances, and any and all of the Seller's rights in or arising by reason of ownership thereunto belonging, owned by them, situate and lying in the County of Monroe, State of Florida, more particularly described as follows; to -wit: Lot 7, Reimann's Subdivision, Vaca Key (PB 2-145) Parcel ID# 00342080-000000 2. The Seller(s) agree that they have full right, power and authority to convey, and that they will convey to the LAND AUTHORITY the fee simple title together with legal and practical access thereto clear, free and unencumbered, except subject to the following easements or reservations: Existing easements for canals, ditches, flumes, pipelines, railroads, public highways and roads, telephone, telegraph, power transmission lines and public utilities. The LAND AUTHORITY, at the LAND AUTHORITY'S expense, within the time allowed to deliver evidence of title and to examine same, may have the real property surveyed and certified by a registered Florida surveyor. If the survey discloses encroachments on the real property or that improvements located thereon encroach on setback lines, easements, lands of others, or violate any restrictions, contract covenants, or applicable governmental regulations, the same shall constitute a title defect. Seller(s) shall convey a marketable title subject only to the aforementioned liens, encumbrances, exceptions or qualification set forth herein. Marketable title shall be determined according to applicable title standards adopted by authority of the Florida Bar and in accordance with law. The LAND AUTHORITY shall have sixty (60) days from the Effective Date in which to examine title. If title is found defective, the LAND AUTHORITY shall, within this specified time period, notify Seller(s) in writing specifying defect(s). If the defect(s) render title unmarketable the Seller(s) will have one hundred twenty (120) days from receipt of notice within which to remove the defect(s). The Seller(s) will use diligent effort to correct defect(s) in title within the time provided therefore, including the bringing of necessary suits, failing which the LAND AUTHORITY shall have the option of either accepting the title as it then is or rescinding the Agreement herein. 3. The Seller(s) further agree not to do, or suffer others to do, any act by which the value or title to said lands may be diminished or encumbered while this Agreement is pending. It is further agreed that any loss or damage occurring prior to the vesting of satisfactory title in the LAND AUTHORITY by reasons of the unauthorized cutting or removal of products therefrom, or because of fire, shall be borne by the Seller(s); and that, in the event any such loss or damage occurs, the LAND AUTHORITY may, without liability, refuse to accept conveyance of said lands. 4. The Seller(s) further agree that during the period covered by this instrument officers and accredited agents of the LAND AUTHORITY shall have at all reasonable times the unrestricted right and privilege to enter upon said lands for all proper and lawful purposes, including examination of said lands and the resources upon them. The Seller(s) hereby waive their rights to any and all claims against the LAND AUTHORITY, Monroe County, or the State of Florida associated with, or arising from ownership of, said lands and this waiver shall survive closing. 5. The Seller(s) will execute and deliver upon demand of the proper officials and agents of the LAND AUTHORITY a good and sufficient deed of warranty conveying to the LAND AUTHORITY a marketable title to the said lands of such character as to be satisfactory to the legal counsel of the LAND AUTHORITY and said deed shall provide that the use, occupation and operation of the rights - of -way, easements and reservations retained therein, shall be subordinate to and subject to such rules and regulations as may be prescribed by the LAND AUTHORITY governing the use, occupation, protection and administration of lands. 6. In consideration whereof the LAND AUTHORITY agrees that it will purchase all of said lands and other interests at the price of $510,000.00. The LAND AUTHORITY further agrees that, after the preparation, execution, and delivery of the deed, and after the legal counsel of the LAND AUTHORITY shall have approved the title thus vested in the LAND AUTHORITY, it will cause to be paid to the Seller(s) the purchase price. The LAND AUTHORITY shall pay the following expenses associated with the conveyance of the property: deed recording fees, settlement fees, abstract fees, title examination fees, the Buyer's attorney's fees, and title insurance, including third party remote/mobile notary fees, as well as the prorata share of prepaid real property taxes allocable to the period subsequent to the vesting of title in the LAND AUTHORITY, or the effective date of possession of such real property by the same, whichever is earlier. The Seller(s) shall pay the expenses of documentary stamps to be affixed to the deed and the removal of trash, debris, and structures from the property, if any, and real estate commissions, if any. Full possession of the premises shall pass to the LAND AUTHORITY as of the date payment is made to the Seller(s) subject only to the reservations stated in Section 2 above. 7. It is mutually agreed that an abstract, title insurance policy or other evidence of title to the property herein contracted to be sold, satisfactory to the legal counsel of the LAND AUTHORITY will be obtained by the LAND AUTHORITY at its expense. The Seller(s) expressly agree herein to furnish to the LAND AUTHORITY any documents in Seller(s)'s possession establishing evidence of title including, but not limited to, abstracts, title commitments, title policies and opinions of title. 8. It shall be the obligation of the Seller(s) to pay all taxes and assessments outstanding as liens at the date title vests of record in the LAND AUTHORITY, whether or not such taxes and assessments are then due and payable. 9. It is mutually understood and agreed that notice of acceptance of this Agreement shall be given to the Seller(s) by email to the address provided by the Seller(s) or by mail addressed to the Seller(s) at the following address: 4488 Heaton Park Trail Rockledge, FL 32955 Gidget Jackson RE/MAX Realty Group gidgetjackson(cDgmail.com 2 and shall be effective upon date of mailing and shall be binding upon all of the Seller(s) without sending a separate notice to each, except as such obligation may be affected by the provisions of paragraph 6 hereof. 10. The property shall be delivered at closing free of any tenant or occupancy whatsoever. 11. The Seller(s) shall close any open building permits or code enforcement proceedings prior to closing. 12. The effective date of this Agreement (hereinafter "Effective Date") shall be that date when the last one of the Seller(s) and the LAND AUTHORITY has signed this Agreement. 13. If the Seller(s) wish to proceed with this transaction, the Seller(s) have until February 20, 2026, to sign and return this Agreement to the LAND AUTHORITY. This Agreement may be executed in counterparts. Notwithstanding any provision of this Agreement to the contrary, the closing of this transaction is contingent upon a) approval by the Advisory Committee and Governing Board of the LAND AUTHORITY, and b) the City of Marathon nominating the property and agreeing to accept title from the LAND AUTHORITY subject to the LAND AUTHORITY'S affordable housing Land Use Restriction Agreement, failing which the parties acknowledge that each shall be released of all further obligations under this Agreement. Notwithstanding any provision of this Agreement to the contrary, in the event this transaction has not closed by April 15, 2026, then either party may terminate this Agreement at any time thereafter by providing written notice, in which case the parties acknowledge that each shall be released of all further obligations under this Agreement. IN WITNESS WHEREOF, the Seller(s) have hereunto signed their names and affixed their respective seals on the day first above written and therefore the Seller(s) for and in consideration of the Ten Dollars ($10.00) hereinabove acknowledge as received, have and do hereby grant unto the LAND AUTHORITY or its authorized representative, or any other office or agent of the LAND AUTHORITY authorized to purchase said lands, the option and right to enter into this Agreement for Purchase within sixty (60) days from the execution thereof by the Seller(s). Seller/ Tri-Star Affordable Development LLC By: Shane P. Sarver, Manager Signature Date Phone Number Email Address The MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY, acting by and through its EXECUTIVE DIRECTOR in accordance with Resolution 03-2016, has executed this Agreement on behalf of the MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY this day of 2026. (Seal) MONROE COUNTY COMPREHENSIVE PLAN LAND AUTHORITY Cynthia Guerra, Executive Director 3 BENEFICIAL INTEREST AND DISCLOSURE AFFIDAVIT Before me, the undersigned authority, personally appeared Shane P. Sarver ("Affiant"), this day of Eebr�l ry ,20 26 , who, first being duly sworn, deposes and says - That Affiant is Manager of . Tri-Star Affordable DeyLlopnient, LLC (the "Seller") and has personal knowledge of the matters set forth herein and has been duly authorized by Seller to make this affidavit on Seller's behalf. That Seller is the record owner of the Property. As required by Section 286.23, Florida Statutes, and subject to the penalties prescribed for perjury, to the best of Affiant's knowledge the following is a list of every "person" (as defined in Section 1.0 1(3), Florida Statutes) holding a beneficial interest in the disclosing entity: (if more space is needed, attach separate sheet) Name Address Interest This affidavit is given in compliance with the provisions of Section 286.23,, Florida Statutes. AND FURTHER AFFIANT SAYETH, NOT, STATE OF Pbrl;�A COUNTY OF_P,�*-O,�sd ) AFFIANT, Afriant Name The 'foregoing instrument was acknowledged before me by means oljwfphysical prese notarization this day of nce or Ll online 20Z�_, by .`Av-pe 41' _4*vas of -T-Fi -6bt*- Such person(s) (Notary Public must check a_P�prl able ox). a r-L-0- is/are personally known to nme. produced a current driver license(s), produced as identification. (NOTARY PUBLIC SEAL) ------------- --- JESSICA ST CKTON C Florida 9869 f Florida Notary Public -Stale of Florida Commission # HH 698694 My Commission Expires July 152029 I M W (Print, Typed or Stamped Name of Notary Public) Commission No.: My Commission Expires: Name Addres-s Utuff Road, LLC 4488 Heaton Park TraA Shane P. Sarver 4488 Heaton Park Trail, Rockledge, FL 329155 FBC Holdings, LLC 310 Lagoon Way Merritt Island, Florida 32953 Cheryl McPhillips 310 Lagoon Way, Merritt Island, FL 3,2953 *WM Holdings Group, LLC 14556 Saint Georges Hill Drive *PEDIXON, LLC claims an assignment of interest and is suibject to dispute. interest 25% ME 61m,