13 25-3341 Text Amendment of the Land Development Regulations - Barton W. Smith, Attorney, on behalf of Stockrock SI LLC, Island-West Investment Corp., Poinciana - Venture II LLC, and Meisel Holdings FL - 1321 Simonton Street, seeks to amend the Land Development Regulations Chapter 122, entitled "Zoning", Article V, entitled "Supplementary District Regulations", Division 10, entitled "Work Force Housing" pursuant to Section 90-518 of the Land Development Regulations of the Code of Ordinances of the City of Key West, Florida. The amendment would modify Section 122-1466, entitled "Definitions" by amending definitions regarding annual income, family size, workforce housing classifications. The amendment would modify Section 122-1467, entitled "Requirements of affordable work force housing" to eliminate workforce housing requirements for residential redevelopment and modify workforce housing requirements for new residential development, which includes increasing the fee-in-lieu, modifying linkage provisions, allowing required workforce housing units to be constructed on linked sites in unincorporated Monroe County west of Big Pine Key, modifying the spread of required & permitted low-, medium-, and middle-income units, and adding provisions for a maximum sales price of owner-occupied affordable housing units.