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Monroe County approves purchase of South Cliff Estates for workforce housing using excess tourist tax funds
Summary
The Board approved a contract to buy the South Cliff Estates housing project for $7.52 million, using Tourist Development Council surplus funds and an infrastructure sales surtax allocation. The purchase includes 12 existing units plus development rights for additional units.
Monroe County commissioners approved a contract on Wednesday to purchase the South Cliff Estates housing project, a property that county staff said will provide 12 ready-to-occupy units for workforce housing and development rights for additional units.
Staff recommended approval of the contract even though some closing conditions — notably temporary certificates of occupancy for some units — remained to be satisfied before a final closing. County staff said inspections required to enter the contract had been…
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