TITLE
title
Declaration of County Owned Property Located on Kane Road as Surplus Property and Consideration of Donation to Mid Florida Community Services, Inc., d/b/a You Thrive Florida for Affordable Housing (Key #321342)
body
BRIEF OVERVIEW
Item No. 15525 on this same meeting agenda is a resolution creating a list of County-owned property that Staff has determined to be suitable for use as affordable housing. The parcel in this agenda item is one of those properties and the Board is asked to consider a request to donate the parcel to Mid Florida Community Services Inc., a Florida not-for-profit corporation d/b/a You Thrive, Florida.
Key No. 321342 is a vacant residential lot owned by Hernando County consisting of 10,728 square feet on Kane Road valued at $39,666 (which includes impact fee value) per the Hernando County Property Appraiser's 2024 market valuation based on qualified sales in the area. You Thrive, Florida's attached proposal for developing the lot has been evaluated by the County Administrator, the Housing and Supportive Services Director, and the Property Management Supervisor.
In order to donate the parcel, the Board must declare it as surplus real property. To ensure it would be used only for affordable housing, a reverter clause has been incorporated into the proposed statutory deed. Additionally, a Land Use Restriction Agreement (LURA) will be made part of the deed to ensure the parcel remains owner-occupied affordable housing pursuant to Chapter 420, Florida Statutes. The reverter clause will be in effect for 30 years and construction must be completed within 30 months from the effective date of the LURA.
The description of the property is as follows:
* Lot 1, BLK 1660, Spring Hill Unit 24
* Parcel ID No: R32 323 17 5240 1660 0010
* Key Number: 00321342
FINANCIAL IMPACT
Funds from the State Housing Initiative Partnership (SHIP) program may be considered to aid in the construction of affordable housing, upon the nonprofit provider ...
Click here for full text