I 

108TH CONGRESS 

1ST SESSION H. R. 174

To provide for the conveyance of certain real property by the Administrator 

of General Services. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 7, 2003

Ms. ROS-LEHTINEN introduced the following bill; which was referred to the 

Committee on Government Reform 

A BILL

To provide for the conveyance of certain real property by 

the Administrator of General Services.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. CONVEYANCE OF LAND. 

4 (a) CONVEYANCE BY SALE.—The Administrator of 

5 General Services (in this Act referred to as the ‘‘Adminis6 trator’’) shall convey by sale, to the City of Key West, 

7 Florida, or the Monroe County Land Authority, Monroe 

8 County, Florida, all right, title, and interest in and to the 

9 parcel of land known as the Poinciana Plaza Housing 
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1 property and located in the City of Key West, Florida (in 

2 this Act referred to as the ‘‘property’’) . 

3 (b) CONSIDERATION.—As a condition of the convey4 ance authorized under subsection (a), the grantee shall 

5 pay as consideration for the conveyance $2,500,000. The 

6 net proceeds received by the Administrator as payment 

7 pursuant to this subsection shall be deposited into the De8 partment of Defense Base Closure Account 1990. 

9 (c) DESCRIPTION OF PROPERTY.—The exact acreage 

10 and legal description of the property to be conveyed pursu11 ant to subsection (a) shall be determined by a survey that 

12 is satisfactory to the Administrator. The cost of such sur13 vey shall be borne by the grantee. 

14 (d) USE RESTRICTIONS.—For a period of not less 

15 than 30 years that begins upon the conveyance pursuant 

16 to subsection (a)—

17 (1) the property shall be used exclusively to 

18 provide housing and housing assistance for low- and 

19 moderate-income individuals and families; 

20 (2) not less than 60 percent of the dwelling 

21 units in the property shall be available only for occu22 pancy by low-income individuals and families; and 

23 (3) not more than 40 percent of the dwelling 

24 units in the property shall be available only for occu25 pancy by moderate-income individuals and families. 
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1 The Administrator shall include the restrictions 

2 under this subsection in the deed conveying the 

3 property and shall enter into any other such legally 

4 binding agreements as may be necessary to ensure 

5 compliance with this subsection. 

6 (e) REVERSIONARY INTEREST.—If, during the 30–

7 year period referred to in subsection (d), the Secretary of 

8 Housing and Urban Development determines that the 

9 property is not being used and occupied in accordance 

10 with subsection (d), all right, title, and interest in and to 

11 the property, including any improvements thereon, shall 

12 revert to the United States. Upon such reversion, the 

13 United States shall immediately proceed to a public sale 

14 of the property. 

15 (f) SALES OR RECONVEYANCE.—If, during the 30–

16 year period referred to in subsection (d), the grantee sells 

17 or reconveys any part or all of the property, the proceeds 

18 shall be returned to the United States and deposited into 

19 the Department of Defense Base Closure Account 1990. 

20 (g) ADDITIONAL TERMS AND CONDITIONS.—The Ad21 ministrator may require such additional terms and condi22 tions in connection with the conveyance under subsection 

23 (a) as the Administrator considers appropriate to protect 

24 the interest of the United States, including the 
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1 recoupment of profits derived through a change in the le2 gally permissible development.

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