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JAN I 1 199 BOOK 91 to developers and property owners for exchange for suitable affordable housing. The county land shall be exchanged for lands which are proximate to employment centers, transportation systems, and have other necessary infrastructure which makes the land suitable for development of affordable housing." The intent of both this policy and the housing incentive plan requirement is for the county to identify county owned properties which may be utilized for affordable housing development and make these properties available for such development. This process should provide several benefits. The initial benefit would be to provide an additional method of -satisfying the county's need for affordable housing. In a lease situation where the county would retain ownership of the property, the county could be relieved of the economic burden of caring for a vacant unused property, while possibly receiving some form of rent for the property. When such a property is sold or granted to a new owner, the county would be returning a property to the tax rolls. Consistent with requirements of Housing Policy 2.4, planning staff reviewed listings of county owned properties in order to identify properties which may be suitable for affordable housing. This information was then incorporated into a staff report and presented to the original Affordable Housing Advisory Committee in September of 1992. At that time, the Affordable Housing Advisory Committee endorsed the recommendations to make the county surplus lands available for affordable housing. Part of the recommendation was to establish a policy of providing surplus property to affordable housing developers at less than market value through a request for proposal (RFP) process. This would involve modifying the existing county policy which designates 100% of the proceeds from the sale of surplus county owned property, for park development (see attached May 2, 1984, minutes of the Board of County Commissioners meeting) to 50% of the proceeds for park development and 50% of the proceeds for use within the county's local housing assistance program. On December 9, 1993, the existing Affordable Housing Advisory Committee reviewed information regarding the county surplus land and as part of their recommendation approved the following: If a property (the county surplus land) is not suitable for affordable housing, the county should sell the property and contribute 75% of the proceeds to the affordable housing trust fund. Analysis According to existing county policy (Board's directive dated May 2, 1984), 100% of the funds received from the sale of county surplus lands must be used for park acquisition and development. This is inconsistent with the recommendations of both the original affordable housing advisory committee and the. recommendation of the current affordable housing advisory committee. On January 13, 1994, the Affordable Housing Advisory Committee will hold a scheduled public hearing to consider making final recommendations on the county's proposed housing incentive plan to the Board of County Commissioners. At this time, staff is seeking direction from the Board as to how the proceeds from the sale of county surplus land should be allocated. Both affordable appropriate uses property. Each housing and park acquisition/development are for funds derived from the sale of surplus relates to existing needs in the county, and 44