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2013-079
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Last modified
11/2/2015 10:24:40 AM
Creation date
10/1/2015 5:15:37 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Memorandum
Approved Date
04/23/2013
Control Number
2013-079
Agenda Item Number
10.A.1
Entity Name
Dewitte, Jonas
Subject
Neighborhood Stabilization Program
Ordinance No. 2012-006
Area
798 Mullberry St. Sebastian
Supplemental fields
SmeadsoftID
11881
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A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> JA. BARTON* CLERK <br /> ORDINANCE N0. 2012- 006 <br /> NOW, THEREFORE, BE IT ORDAINED by the Board of County Commissioners of Indian River County, <br /> Florida, that: <br /> SECTION 1 . Findin s <br /> The Board finds that the above "WHEREAS" clauses are true and correct, and hereby <br /> incorporates such clauses as findings of fact. <br /> SECTION 2. Creation of Part H of Section 308 <br /> Title III; Police Power, of the Code of Indian River County is hereby amended to create <br /> Part U Section 308, as follows: <br /> Section 30811 — Title <br /> This Part of Chapter 308, the terms and the provisions contained herein, shall be known as the Indian River County <br /> Neighborhood Stabilization Program Acquisition, Rehabilitation, and Sale Procedures and Standards. <br /> Section 308. 12 — Purpose and Intent <br /> Since 2009, Indian River County has participated in the Neighborhood Stabilization Program, NSP, as created by the <br /> Housing and Economic Recovery Act of 2008 and the American Recovery and Reinvestment Act of 2009. The <br /> purpose of this chapter is to set forth procedures and standards whereby Indian River County can acquire foreclosed <br /> or abandoned properties using Neighborhood Stabilization Program (NSP) Funds, rehabilitate those properties with <br /> NSP funds, and sell those properties to qualifying low and moderate income households. As such, this chapter <br /> provides for. <br /> ( 1) Establishment of competition and qualification standards for county acquisition, rehabilitation and sale of <br /> foreclosed or abandoned properties in accordance with the NSP; <br /> (2) Provisions for notice to participants in the NSP <br /> (3) Establishment of a form and manner to acquire property, <br /> (4) Establishment of negotiation or qualification standards that must be met in order for a person to buy a <br /> property under the NSP <br /> (S) Establishment of a process to provide notice to potential qualified buyers for NSP rehabilitated housing <br /> Section 308.13 — Establishment of Procedures for County Acquisition of Foreclosed or Abandoned Properties <br /> with NSP Funds _ <br /> ( 1) The Community Development Director is hereby designated as the person responsible for administering the <br /> — County's Neighborhood Stabilization Program. In this capacity, the Comrnunity' Tivel lrcc= <br /> shall comply with all procedures in the Community Development Block Grant (CDBG) Neighborhood <br /> Stabilization Program (NSP) Housing Assistance Plan (HAP). <br /> (2) Consistent with NSP guidelines, the County will acquire foreclosed or abandoned properties to rehabilitate <br /> and sell or rent to qualified low and moderate income households. All properties acquired through the NSP <br /> will be located in the designated NSP target area and will be acquired at no more than 99% of current <br /> _ <br /> (3) To acquire properties, the County will work with qualified local real estate brokers, financial institutions, <br /> and federal housing agencies. For each potential purchase, the County will undertake all applicable pre- <br /> acquisition due diligence activities. This will involve obtaining surveys, appraisals, inspections, and title <br /> reports, as applicable. <br /> (4) In acquiring NSP properties, the Community Development Director is hereby authorized to execute <br /> purchase contracts, due diligence contract work orders, and other applicable documents. On a regular <br /> 2 <br />
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