The company Rosestar is trying to build a 261 + apartment complex on 331 behind the neighborhood where the Sea Bar used to be. This will bring in around 1000 + people and 500 + additional autos. After a meeting that was held on Sept 26. The person behind this is Mr. Bill Pope told us it would not be “ low income housing “ the males would average 80k and the females would make 50K per year that is there target market .
We live directly beside this proposed development & find this to be crap . Mr Pope said that once the apartments are developed that they will rent in excess of $1200 per month. If they cannot rent for the estimated cost who knows to what lengths they will go ?
Based on the employment market as well as other obvious factors that 130K for income per couple to live in an apartment , not going to happen, even if it does , do we want transient people to live near our schools and in the community?
PLEASE HELP STOP THIS ATTEND THE HEARING ON JAN 8 @ 5;00 PM IN THE ANNEX , SANTA ROSA BEACH if not write or call the PLANNING COMMISSION
The environment that they want to eliminate is prime for all types of migratory birds
and wildlife as well as the Indian artifact that may be in the area .
PLEASE WE NEED YOUR HELP !!
December 26, 2008
Re: Rosestar, LLC is proposing the development of an apartment Major Development known as "Walton County Apartments" consisting of 261 Multi-Family Units on 44? acres. The project site is located at (insert description from nearest major intersection).
Dear Property Owner:
As a property owner within three hundred (300) feet of the above referenced parcel, you are hereby Notified that the owner has made application to the Walton County Planning and Development Service Division for approval of the referenced development proposal. A site plan is enclosed for your review.
If you have questions or concerns regarding this proposal, please direct them to Ryan Christensen at 850-837-4252. you may also direct your comments or concerns in writing to the Planning and Development Services Division, 31 Coastal Centre Boulevard, Suite 100, Santa Rosa Beach, Florida 32459 or by fax to 850-622-9133 no later than 4:30 p.m. the day prior to the January 8, 2009 meeting or you may be present at the scheduled public hearing. Reference the applicant and development proposal in all correspondence.
The Planning Commission is scheduled to review this development proposal on January 8, 2009 in The Walton County Annex located at 31 Coastal Centre Boulevard, Suite 100, Santa Rosa Beach, Florida 32459. The meeting will begin at 5:00 p.m. CST.
The Planning Commission will make a recommendation to the Board of County Commissioners regarding this item either to approve, approve with conditions, or to deny. Any item / proposal tabled will be scheduled for a future Planning Commission meeting and will not go forward to the Board of County Commissioners until the Planning Commission makes a recommendation.
The Board of County Commissions will hold a public hearing on January 27, 2009 in the Walton County Annex located at 31 Coastal Centre Boulevard, Suite 100, Santa Rosa Beach, Florida 32459 and will begin at 5:00 p.m. CST. The purpose of the meeting is to review and consider the Planning Commission's recommendations on projects that is not continued or tabled.
If ownership of your property in this vicinity has changed, please return this packaged with name(s) and address (es) of the new owner(s) to Rosestar, LLC, 4100 Legendary Drive, Suite 240, Destin, FL 32541 so that they may be notified regarding these meetings.
Please be advised accordingly,
[
If you do not understand the issues attend the meeting
This is on 331 before the bridge , behind Thomas Stein Thank you for reading
Please attend the meeting on the 8th or PM me we need the public to show up and voice there feelings about this type of project .
Replies
91Beach Comber
Go Joe
Joe really knows his stuff GO JOE
Joe really knows his stuff GO JOE
SWGB
An interesting leap to a conclusion. How do you know that they can't pay their property taxes instead of that they have chosen not to pay their property taxes?
How am I leaping? I know that they can't/won't pay their property taxes based on what is on the Walton Co. Tax Collectors site. If the surrounding neighbors really want to stop this thing they could always pay the property taxes and then place a lein on the property.
Banned
How am I leaping? I know that they can't/won't pay their property taxes based on what is on the Walton Co. Tax Collectors site. If the surrounding neighbors really want to stop this thing they could always pay the property taxes and then place a lein on the property.
That won't stop development, but the certificate holders can redeem them and own the property. That'll guarantee success at exercisig control over the property.
Beach Fanatic
Redeeming a tax certificate doesn?t guarantee that the certificate holder will receive title to the land. All that redemption does is trigger a process under which the property is put up for auction. The minimum bid is the face amount of all tax certificates outstanding plus accrued interest and other costs. The highest bid on the courthouse steps will win title to the land.
Beach Fanatic
How am I leaping? I know that they can't/won't pay their property taxes based on what is on the Walton Co. Tax Collectors site. If the surrounding neighbors really want to stop this thing they could always pay the property taxes and then place a lein on the property.
Actually, from what I have been told, just go and file a code violation against the property the day before or of the commission meeting. I have been told, on more than one occasion, that planning will not move a project through a meeting with an open case.
As for the can't/won't issue. The words have different meanings. You used only one of them in your first statement.
SoWal Expert
If they are in violation of Code, that might prevent the Planning Comm from listening to the case at that time. However, with only a report of Code violation, Planning Comm won't likely stop anything.
Beach Comber
Taxes
Does anyone know the amount of taxes that are owed at this time ?
Does anyone know the amount of taxes that are owed at this time ?
Banned
Redeeming a tax certificate doesn?t guarantee that the certificate holder will receive title to the land. All that redemption does is trigger a process under which the property is put up for auction. The minimum bid is the face amount of all tax certificates outstanding plus accrued interest and other costs. The highest bid on the courthouse steps will win title to the land.
If someone pays the tax, gains a certificate and enforces it by sale who can jump in front of that person?
SoWal Expert
The owner has outstanding taxes on all of her properties. I bet we will see many more people with outstanding 2008 property taxes, when April rolls around.
Beach Fanatic
I can not imagine a bank loaning any money on this project at this time. The units would have to be pre sold with hard monies in place. Probably not going to happen any time soon. Maybe not a bad project but banks are running away from development pieces.
SoWal Expert
I wonder if it helps that the property owner also owns a mortgage company.
Beach Fanatic
what is so frustrating to me is does the county government not have any responsibility for Planned Development ala the Florida Growth Management Act?"
Where is the responsibility to avoid more half finished developments? Every time I drive past the decaying, half finished houses in Inlet Beach, I think why doesn't someone in authority do something about this blight on the community?
Why are developers not required to do Market Reseach before they throw up houses/apartment complexes, condos? It is madness and it apparently is going to continue until we have completely destroyed what makes this area so attractive both for full time residents and vacationers.
If Market Research had been done prior to the authorization of Development Orders for much of the building that took place in the Blue Mt area, I am sure no lenders in their right mind would have loaned money on those huge condo communities--which are, for the most part, sitting empty now, and the owners are in foreclosure...or maybe not, maybe neither the lenders nor the developers of first order really cared. They got their money and moved on--it is those of us who call this place home who are left with the results of their irresponsibility.!
Where is the responsibility to avoid more half finished developments? Every time I drive past the decaying, half finished houses in Inlet Beach, I think why doesn't someone in authority do something about this blight on the community?
Why are developers not required to do Market Reseach before they throw up houses/apartment complexes, condos? It is madness and it apparently is going to continue until we have completely destroyed what makes this area so attractive both for full time residents and vacationers.
If Market Research had been done prior to the authorization of Development Orders for much of the building that took place in the Blue Mt area, I am sure no lenders in their right mind would have loaned money on those huge condo communities--which are, for the most part, sitting empty now, and the owners are in foreclosure...or maybe not, maybe neither the lenders nor the developers of first order really cared. They got their money and moved on--it is those of us who call this place home who are left with the results of their irresponsibility.!
Beach Fanatic
As for financing, doesn't it make sense that the developer would not go to the trouble of a public hearing unless it was believed that financing was in place?
Maybe there is a market for apartments. When I look at rental properties, my evaluation consists of comparing the monthly rent to the after-tax cost of buying. It seems that the rental market is currently overpriced. Maybe the apartments will address the need for many renters already in the local market?
Maybe there is a market for apartments. When I look at rental properties, my evaluation consists of comparing the monthly rent to the after-tax cost of buying. It seems that the rental market is currently overpriced. Maybe the apartments will address the need for many renters already in the local market?
Beach Fanatic
I agree that the current rental market is probably overpriced, but units continue to be rented, so who knows?
Compared to a few years ago, there are "tons" of rentals on the market and I expect that there will continue to be as people who can not "flip" an investment until will opt to rent it instead.
There just does not seem to be a market for much of anything right now...we have so much standing empty.
Compared to a few years ago, there are "tons" of rentals on the market and I expect that there will continue to be as people who can not "flip" an investment until will opt to rent it instead.
There just does not seem to be a market for much of anything right now...we have so much standing empty.
Beach Fanatic
I wonder if it helps that the property owner also owns a mortgage company.
Owned a mortgage company.
Beach Fanatic
As for financing, doesn't it make sense that the developer would not go to the trouble of a public hearing unless it was believed that financing was in place?
I don't think so. I think the developer is trying to create a value for the land.
Beach Fanatic
I don't think so. I think the developer is trying to create a value for the land.
Do you mean that the developer is trying to get the site approved for multi-family and then flip it based on increased density/value? That makes sense.
SoWal Expert
Owned a mortgage company.
I didn't know that. She sent me an email a month or two ago, asking me to update my information for her mail outs. Did she sell the biz?
Beach Fanatic
I didn't know that. She sent me an email a month or two ago, asking me to update my information for her mail outs. Did she sell the biz?
She is now with Whitney bank. The giant building in Destin.
Beach Fanatic
Do you mean that the developer is trying to get the site approved for multi-family and then flip it based on increased density/value? That makes sense.
Not sure about the flip part but create some sort of value. The property as it currently sits really has no value. I doubt anyone would break ground any time soon but the process would have to begin somewhere and sometime. Developers develop and builder build. Just because the market is flat does not mean the above do not prepare for the next phase. This market will change and probably sooner then we all think.
SoWal Insider
This market will change and probably sooner then we all think.
...and how soon do you think, Bobby J--and "change" into what?
.
Beach Fanatic
...and how soon do you think, Bobby J--and "change" into what?
.
Not walking into that one Shelly. The reason I love Real Estate is because it always changes. Garner and I closed 30 properties last year and are looking to blow that away this year. Jan. and Feb. closings are looking very strong if that really means anything. Please understand, me doing well does not mean the market is strong. I do well in an up market and a down market. I know for sure we are somewhere near a bottom. It may be 6 months to two years. My crystal ball is broken.
Stable markets scare me(j/k)! I will probably move to Costa Rico when that happens.
You will be able to check me out here www.surfingnosara.com I guess I did just walk into that one!
Beach Fanatic
If someone pays the tax, gains a certificate and enforces it by sale who can jump in front of that person?
You can?t just pay someone?s tax and gain a certificate. Tax certificates are sold at a tax certificate sale held once a year by the county (in the spring). The buyer of the certificate needs to have the winning bid at the sale. This means bidding a lower interest rate than anyone else. The owner of the certificate must hold the certificate for a minimum of two years before he or she can apply for a tax deed. The property then goes up for sale on the courthouse steps and the person bidding the most gets the real estate. The holder of the tax certificate gets his money back plus the interest that he bid. If there are no bids for the property the certificate holder gets the deed. Of course, he must pay off all of the other tax certificates sold on the property as well.
The only time that I acquired a property at a tax deed sale was when no one bid and I got the thing for the value of the tax certificate that I bought two years earlier ? plus the amount someone paid for the certificate in the subsequent year. There was a reason why no one else bid. It turned out to be a crack house that I had to pay to have torn down. I donated the land to FAMU. When you?re bidding on tax certificates in the heat of an auction it?s easy to make a mistake.
Beach Fanatic
funny story...we've all been there in one way or another. thanks for sharing
SWGB
traderx has a very good point, anyone ventured over to the long term rentals forum lately? Rental property prices (long term) are dropping pretty good. When we first moved here we looked and looked for something in our price range and wound up in a 2/2 dump in Topsail Village. According to the long term rentals we can now rent canal frontage and almost twice the square footage for the same price.
Despite people stating that apartments wouldn't work here, there are many factors to consider. If you enjoy living here full time and want to rent, but not be surrounded by vacationers in the summer. I know that in our previous place if someone in any of the 3 buildings around us was having a party we could hear it. During the summer this was a real pain if you had to work the next day.
There is a whole new wave of foreclosures coming (ARM's) and those people are going to still need housing. There is a very savy business man in the adjacent county who has made billions over the years. One of his primary investments is building apartment complexes. Apparently he is currently in a building boom as his existing properties all have waiting lists.
I will admit that the owner did screw up a little. If they had done this just 6 months ago they could have worked in the buzz words "affordable" "economical" "workforce housing" and any number of candidates would have happily helped to get the votes.
[Insert smiling candidate on poster touting "affordable and economical workforce housing" champion of the people]
Despite people stating that apartments wouldn't work here, there are many factors to consider. If you enjoy living here full time and want to rent, but not be surrounded by vacationers in the summer. I know that in our previous place if someone in any of the 3 buildings around us was having a party we could hear it. During the summer this was a real pain if you had to work the next day.
There is a whole new wave of foreclosures coming (ARM's) and those people are going to still need housing. There is a very savy business man in the adjacent county who has made billions over the years. One of his primary investments is building apartment complexes. Apparently he is currently in a building boom as his existing properties all have waiting lists.
I will admit that the owner did screw up a little. If they had done this just 6 months ago they could have worked in the buzz words "affordable" "economical" "workforce housing" and any number of candidates would have happily helped to get the votes.
[Insert smiling candidate on poster touting "affordable and economical workforce housing" champion of the people]
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