www.mymanatee.org
Manatee County Government Administrative Center Honorable Patricia M. Glass Chambers, First Floor 9:00 a.m. - September 24, 2019
September 24, 2019 - Regular Meeting
Agenda Item #45


Subject
Execution of Land Use Restriction Agreement for 2610 3rd Avenue East, Palmetto, FL under the Livable Manatee Homeownership Incentive Program

Briefings
None

Contact and/or Presenter Information
Geri Lopez, Director, Redevelopment and Economic Opportunity Department, ext. 3937

Denise Thomas, Community Development Division Manager, ext. 3474


Action Requested
Authorization for the Chairman to execute the Land Use Restriction Agreement for Livable Manatee Homeownership Incentive Program between Manatee County and Macoun LLC (Owner/ Developer) for property located at 2610 3rd Avenue East, Palmetto, FL 34221.

Enabling/Regulating Authority
Resolution R-17-069 - Livable Manatee Incentive Program

Background Discussion
  • On August 22, 2017, the Board of County Commissioners adopted Resolution R-17-069 establishing the Livable Manatee Incentive Program for Qualified New Affordable Housing in Unincorporated Manatee County and authorizing the establishment of Administrative Procedures for implementation of the Livable Manatee Incentive Program.
  • Staff worked with the County Attorney's office to develop the template for the Land Use Restriction Agreements (LURA) to be utilized for the Livable Manatee Incentive Program. On April 25, 2018, the County Attorney's Office approved the template for the LURA to be utilized for the Livable Manatee Homeownership and Rental Incentive Program.
  • On March 4, 2019, an affordable Housing Designation Application was received for Property located at 2610 3rd Avenue East, Palmetto, FL 34221 for development of an affordable single-family unit with a sales price of $175,000 that will be sold to a moderate (120%) AMI household.
  • The Land Use Restriction Agreement for Homeownership has been prepared by staff and executed by the Owner/Developer. The LURA is the mechanism that ensures the home is sold to a qualified buyer and allows for payment of County and School Impact fees and Facility Investment Fees incurred in the development of the affordable housing unit located at 2610 3rd Avenue East, Palmetto, FL 34221.


  • A qualified moderate income household will be approved for purchase of the unit upon completion and there is an anticipated closing date scheduled for the home on or before September 30, 2019. Execution of the Land Use Restriction Agreement is required prior to closing for the Owner/Developer to be reimbursed for County and School Impact Fees and Facility Investment Fees through the Livable Manatee Homeownership Incentive Program.


County Attorney Review
Not Reviewed (Utilizes exact document or procedure approved within the last 18 months)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
Please provide an original executed Land Use Restriction Agreement to Denise Thomas, ext 3474, Redevelopment and Economic Opportunity Department (denise.thomas@mymanatee.org).

Cost and Funds Source Account Number and Name
1840020605.582000

Amount and Frequency of Recurring Costs
16,423.00


Attachment:  2610 APPLE LURA.pdf
Attachment:  Aerial Map of property located at 2610 3rd.pdf