Resolution 092-2006
Mayor McCoy
RESOLUTION NO.
092-2006
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY
REQUESTING REPRESENTATIVE SORENSEN TO
SEEK LEGISLATION TO LIMIT INCREASES IN
TAXABLE ASSESSMENTS OF PROPERTY
RESTRICTED TO AFFORDABLE HOUSING.
WHEREAS, Monroe County is encouraging the construction and
conversion of privately owned properties for affordable rental housing, whether
owned by not-for-profit organizations or otherwise; and
WHEREAS, Monroe County requires certain properties to record
affordable housing deed restrictions running in favor of Monroe County and/ or
municipalities within the county for varying periods of time; and
WHEREAS, the state's current taxation and finance laws encourage
individual and/ or for-profit owners of affordable housing properties to set their
unit's rental rates at the high end of the afford ability scale; and
WHEREAS, the state's current taxation and finance laws do not provide
protection from escalating property values for certain privately owned rental
properties subject to affordable housing deed restrictions, especially such units
owned by individuals; now therefore:
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
MONROE COUNTY, that:
1. State Representative Sorensen is requested to seek legislation which would
provide ad valorem tax protection for all private owners of affordable housing
rentals for persons eligible for affordable housing under Chapter 420, Florida
Statutes, to provide as follows:
A. Privately-owned property used for affordable housing rental
purposes, and which property has recorded deed restrictions
running in favor of the governing body of the county and/ or
municipality in which the property is situated, shall be assessed
at the just value as of January 1 st following the date of certificate
of occupancy and/ or recordation of affordable housing deed
restrictions. This assessment shall change only as provided
herein.
Affordable Housing Assessment Limit 1
B. Assessments subject to this provision shall be changed annually
on January 1 st of each year and shall not exceed the lower of the
following:
i) Three percent (3%) per year from January 1 st following
the date of certificate of occupancy and/ or recordation of
affordable housing deed restrictions, for only so long as
the property is subject to recorded deed restrictions
running in favor of the governing body of the county
and/ or municipality in which the property is situated.
ii) Fifty percent (50%) or a percentage deemed appropriate by
the legislature, of the total assessed value of the property,
for only so long as the property is subject to recorded deed
restrictions running in favor of the governing body of the
county and/ or municipality in which the property is
situated.
2. If necessary to effect the legislation sought by this resolution,
Representative Sorensen is requested to take such measures as are
necessary to place a constitutional amendment before the electors in the
next state-wide general election.
3. This Resolution shall become effective upon the date of its adoption
herein.
4. The Clerk is directed to send to State Representative Sorensen a copy of
this Resolution.
Mayor Charles "Sonny" McCoy
Mayor Pro Tern Murray Nelson
Commissioner George Neugent
Commissioner David Rice
<",,, !i~~ioner Dixie Spehar
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Deputy Clerk
PASSED AND ADOPTED by the Board of County Commissioners of Monroe
County, Florida, at a meeting of said Board held on the fifteenth day of
February, A.D. 2006. 3: 0 g '"i'1
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Yes
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Yes
BOARD OF COUNTY COMMISSIONERS
OF MONROE NTY, FLORIDA
By:
an
Affordable Housing Assessment Limit 2