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RESOLUTION NO 2006- 046 <br />The following table indicates the average and maximum SHIP <br />funds allowable per unit for each strategy. <br />STRATEGY <br />AVERAGE LOAN <br />AMOUNT ($) <br />MAXIMUM LOAN <br />AMOUNT ($) <br />Impact Fee Grant <br />13,000.00 <br />20,000.00 <br />Impact Fee Loan <br />13,000.00 <br />20,000.00 <br />Downpayment/Closing Cost Loan <br />35,000.00 <br />50,000.00 <br />Rehabilitation Loan <br />40,000.00 <br />50,000.00 <br />Rehabilitation Grant <br />40,000.00 <br />50,000.00 <br />Land Acquisition Loan <br />40,000.00 <br />50,000.00 <br />Emergency/Disaster Repair Grant <br />12,000.00 <br />15,000.00 <br />Section 6. <br />The maximum purchase price for Indian River County is hereby <br />established as $249,584.00 for new homes and condominiums and <br />$298,448.00 for existing homes and condominiums per purchase <br />price study utilizing the county's property appraisers office <br />data. <br />The foregoing resolution was offered by, Commissioner <br />Lowther , and seconded by Commissioner Davis , and being <br />put to a vote, the vote was as follows: <br />Chairman, Arthur R. Neuberger g <br />Vice Chairman, Gary C. Wheeler Aye <br />Commissioner, Wesley S. Davis <br />Commissioner, Thomas S. Lowther <br />Commissioner, Sandra L. Bowden <br />3 <br />Ay e <br />Aye <br />Ay e <br />