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. I <br /> '�` ,Q IN THE RECORDS OF <br /> JEFFREY K.BARTON <br /> CLERK CIRCUIT COURT <br /> W <br /> RESOLUTION NO. 2001- 102 INDIAN RIVER CO.,FLA. <br /> a <br /> X_ <br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF 0-1 <br /> INDIAN RIVER COUNTY, FLORIDA, AUTHORIZING THE ESCAMBIA c—n <br /> COUNTY HOUSING FINANCE AUTHORITY TO OPERATE WITHIN THE un <br /> BOUNDARIES OF INDIAN RIVER COUNTY, FLORIDA, TO FINANCE <br /> QUALIFYING SINGLE FAMILY MORTGAGE LOANS ON BEHALF OF <br /> INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE BOARD OF <br /> COUNTY COMMISSIONERS TO ENTER INTO AGREEMENTS WITH <br /> THE ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY AND TO <br /> EXECUTE AND DELIVER CERTAIN DOCUMENTS AND INSTRUMENTS <br /> IN CONNECTION THEREWITH; APPROVING A FORM OF a <br /> INTERLOCAL AGREEMENT; APPROVING THE ISSUANCE BY THE <br /> ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY OF NOT o <br /> EXCEEDING $150,000,000 SINGLE FAMILY MORTGAGE REVENUE --� <br /> BONDS, SERIES 2002 (MULTI-COUNTY PROGRAM), PURSUANT TO <br /> SECTION 1470 OF THE INTERNAL REVENUE CODE OF 1986, AS <br /> AMENDED; PROVIDING THAT SUCH BONDS CONSTITUTE LIMITED, <br /> SPECIAL OBLIGATIONS; AND PROVIDING AN EFFECTIVE DATE. <br /> WHEREAS, Chapter 159, Part IV, Florida Statutes, (the "Act") authorized <br /> counties to create housing finance authorities to exercise powers of the Act within <br /> their boundaries or outside their boundaries with the consent of the governing body of <br /> the territory outside their area of operation; and <br /> WHEREAS, the Board of County Commissioners of Escambia County, Florida, <br /> (the "Escambia Board") on May 29, 1980, adopted Ordinance No. 80-12, by which it <br /> created the Escambia County Housing Finance Authority (the "Authority") and <br /> authorized the Authority to exercise all powers under the Act; and <br /> WHEREAS, there is no housing finance authority currently operating in Indian <br /> River County ("Indian River County"); and <br /> WHEREAS, pursuant to the Act, the Board of County Commissioners of Indian <br /> River County, Florida, (the "Indian River Board") has found a shortage of affordable <br /> housing and capital for investment therein and a need for a housing finance authority <br /> to function in Indian River County; and <br /> WHEREAS, it is not practicable at this time under existing Florida and Federal <br /> laws and regulations for a single local agency to issue its bonds for the purpose of <br /> implementing a single family housing program, although the shortage of such single C:> <br /> family housing and capital for investment therein is continuing in Indian River <br /> County; and <br /> W <br /> WHEREAS, the Authority by resolution duly adopted on June 13, 2000 (the CTI <br /> "Enabling Resolution"), authorized a plan of finance (the "Plan") for the issuance from <br /> c� <br /> time to time of not exceeding $400,000,000 Single Family Mortgage Revenue Bonds _ <br /> (Multi-County Program) (the 'Program"); and Un <br /> W <br /> COUNTY AITOIZAI rs owce <br /> INDIAN RIVER COUIa V <br /> 1840 25th Sfreet <br /> Vero,BW4hi0MWAW IiWdrivres 1 <br />