In 2007 63 percent of voters authorized the city "to lease real property of approximately four acres (deeded to Key West by the Navy) at the Truman Waterfront to a qualified operator or management company ... for a period of 99 years for the exclusive use as a mixed-income senior citizens assisted living and independent living facility." The nonprofit Florida Keys Assisted Care Coalition Inc. then selected a Rick Dover company as the desired developer, with Senior Solutions management group as the operator of the project.
Dover's company originally suggested 60 assisted living rooms or apartments, with 10 low-income units. The plan now calls for 70 assisted-living units, with 42 priced at market rates and 32 with the "moderate" designation. An additional 18 units would be priced in the "low income" range. All determination of such values is based on Key West Housing Authority standards.
Some of the sticking points over the approval are:
*The City's desire for a 49 year lease at $1 per year and a cost of $50,400 per year thereafter. Dover wants the full 99-year lease at $1 per year.
*The city, wants appraisals of the fair market value costs for rooms, to determine what people will pay, with caps built into the lease. Dover rejects the idea of a cap.
*The city wants power over assignment of the lease, meaning the potential for Dover to have someone else take it over, for any reason or no reason at all. Dover wants the agreement to state that such assignment "shall not be unreasonably withheld."
Commissioners meet again on Feb. 7 and will discuss the project further.
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