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Resolution 1989-042 FEBRUARY 21, 1989 RESOLUTION NO. 89-~ RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA REQUESTING THE FLORIDA LEGISLATURE ADOPT A LOCAL OPTION SURTAX ON DOCUMENTARY STAMPS WITH THE REVENUE FROM THIS SURTAX TO BE UTILIZED FOR THE PROVISIONS OF AFFORDABLE HOUSING WHEREAS, the State of Florida, and Collier County, face critical shortages in the existing supply and future production of adequate housing affordable for low and moderate-income persons; and WHEREAS, it is generally recognized that, in order to adequately provide affordable housing, governm~nt subsidies must be used to leverage private investment for the development of low and moderate-income housing affordable. to families at this income levell and WHEP~AS, while the responsibility for providing subsidy has fallen upon the federal government for the past forty years, the reduction of federal housing budget authority by over seventy percent in this decade has severely limited its ability to address the widespread housing problems throughout the nationl and WHEREAS, the State of Florida is most particularly affected, as rapid population growth has combined with federal reductions to make the affordable housing problem especially acute I and WHEREAS, low and moderate-income households, who largely comprise the blue-collar service and farm labor segments of the work force, are forced to live in substandard housing or pay more than a reasonable share of their income for housing I as the Florida Affordable Housing Study Commission estimates that 720,000 households are paying more than thirty-five percent of their monthly income for hcu=:.:-.:; ::::;.:.::.=::::; :.:-.:!.:-: WHEREAS, Collier County recognizes that the provision of affordable housing is an important element in the County's economic and social vitality I and t9~~O-J1./ ,.- "'. FEBRUARY 21, 1989 WHEREAS, the State of Florida has imposed requirements for the provision of affordable housing upon counties and municipali- ties through the Growth Management Act of 1985, but State and local governments are incapable of appropriating the necessary funds to fully meet these requirements, and WHEREAS, Collier County requires the Autt.ority to obtain revenue to facilitate the development of afforddble housing, and WHEREAS. should the State of Florida enact legislation allowing counties to collect a local-option surtax on documentary stamps for commercial real estate transactio.1.s, sufficient resources would exist for Collier County to capitalize a housing trust fund, thereby encouraging the formation of public/private partnerships for construction and rehabilitat,on of low and moderate-income housing; and WHEREAS, similar legislation was adopted in 1983 to allow Dade County and other charter counties to collect such a surtax, and over $12 million has been raised annually by Dade County to promote a wide range of affordable housing activities; and WHEREAS, enabling legislation which would allow for the adoption of a surtax in Collier County would serve a valid public purpose. NOW. THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that the Florida Legislature be requested to adopt legislation during its 1989 session which would allow counties throughout the State to enact a surtax on documentary. stamps in an amount up to 45 cents for each $100 in commercial real estate transactions. The proceeds would be used by the counties levying the surtax to capitalize a locally-administer~d housing trust fund, which would be used to promote the construction and :'=~:.=:..~;:~::..~:.:::. == -!=~~ :';:':.:!. ::.=..:ie=:lte- income housing. .0 tJ-e,V #- ;1-. ~ 2 PEBRUARY 21, 1989 This Resolution adopted after motion, second and roll call vote as follows, Commissioner Goodnight Aye Commissioner Shanahan Aye Commissioner Volpe Ay,,- Commissioner Hasse Aye Commissioner Saunders Aye DATEr". February 21, 1989 ATT:f;ST~.' /1/ JAMES C. 'GILE.S" Clerk rt~u/~~~f;--' &~ ~ " .' .' BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA By21~~irman .' , ,. Approved as to form and legal sufficiency' :d.". .J tJ. ~. f...._ Kenneth B. Cuyle Collier County A torney 9~ -'/()- A. .3 J .