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Agenda 04/23/2019 Item #16D10 (Local Housing Trust Fund B.A.)04/23/2019 EXECUTIVE SUMMARY Recommendation to authorize a Budget Amendment recognizing Local Housing Trust Fund revenue of $142,052.48 received as a result of the sale of County-owned surplus land. OBJECTIVE: To continue to promote housing that is affordable through revenue generated from the sale of county surplus property. CONSIDERATIONS: On June 27, 2017, the Board approved Agenda Item #11F3 approving five (5) county-owned parcels as surplus property and directing staff to take action with respect to the sale of the surplus property. On December 11, 2018, Agenda Item #11F was presented to the Board and they accepted a bid on one (1) parcel of surplus property. The five-acre Mingo Drive parcel generated a bid of $140,000 which is earmarked for the County’s Housing Trust Fund. The current revenue recognized through this Budget Amendment will be used in compliance with resolution 18-32 and will fund eligible expenses, including administration. Revenue received: Type of Revenue Amount 10% Admin Program Income - Surplus Land $142,052.48 $14,205.25 $127,847.23 Total $142,052.48 $14,205.25 $127,847.23 FISCAL IMPACT: A Budget Amendment is necessary to recognize the revenue received in the amount of $142,052.48 in the Affordable Housing Trust Fund (116), Project Number 50137. LEGAL CONSIDERATIONS: This Item is approved for form and legality and requires a majority vote for Board approval. -JAB GROWTH MANAGEMENT IMPACT: Acceptance of this Budget Amendment, and direction on a work plan and policy will further the Goals, Objectives, and Policies within the Housing Element of the Growth Management Plan. RECOMMENDATION: To authorize a Budget Amendment recognizing Local Housing Trust Fund revenue of $142,052.48 received as a result of the sale of County-owned surplus land. Prepared By: Susan Golden, Senior Grants and Housing Coordinator, Community and Human Services Division 16.D.10 Packet Pg. 2200 04/23/2019 COLLIER COUNTY Board of County Commissioners Item Number: 16.D.10 Doc ID: 8460 Item Summary: Recommendation to authorize a Budget Amendment recognizing Local Housing Trust Fund revenue of $142,052.48 received as a result of the sale of County-owned surplus land. Meeting Date: 04/23/2019 Prepared by: Title: – Community & Human Services Name: Susan Golden 03/27/2019 12:40 PM Submitted by: Title: Manager - Federal/State Grants Operation – Community & Human Services Name: Kristi Sonntag 03/27/2019 12:40 PM Approved By: Review: Community & Human Services Cormac Giblin Additional Reviewer Completed 04/01/2019 11:21 AM Community & Human Services Akiko Woods Additional Reviewer Completed 04/01/2019 2:13 PM Community & Human Services Maggie Lopez Additional Reviewer Completed 04/01/2019 3:05 PM Community & Human Services Kristi Sonntag CHS Review Completed 04/01/2019 4:52 PM Public Services Department Kimberley Grant Level 1 Reviewer Completed 04/04/2019 11:51 AM Public Services Department Todd Henry Level 1 Division Reviewer Completed 04/04/2019 1:04 PM County Attorney's Office Jennifer Belpedio Level 2 Attorney of Record Review Completed 04/04/2019 3:59 PM Public Services Department Steve Carnell Level 2 Division Administrator Review Completed 04/09/2019 10:59 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 04/10/2019 11:36 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 04/12/2019 7:42 AM Budget and Management Office Ed Finn Additional Reviewer Completed 04/17/2019 9:12 AM County Manager's Office Nick Casalanguida Level 4 County Manager Review Completed 04/17/2019 9:16 AM Board of County Commissioners MaryJo Brock Meeting Pending 04/23/2019 9:00 AM 16.D.10 Packet Pg. 2201