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2. REGULAR MEETING OF APRIL 7, 2009 <br />COUNTY INITIATED REQUEST: AMEND THE TEXT OF THE <br />COMPREHENSIVE PLAN'S FUTURE LAND USE ELEMENT AND THE <br />COASTAL MANAGEMENT ELEMENT TO CHANGE THE DEFINITION OF <br />THE COASTAL HIGH HAZARD AREA; AMEND THE COASTAL HIGH <br />HAZARD AREA MAP, FIGURE 9.24 OF THE COASTAL MANAGEMENT <br />ELEMENT; AMEND THE COASTAL HIGH HAZARD AREA MAP, <br />FIGURE 2.29 OF THE FUTURE LAND USE ELEMENT; AND AMEND <br />THE FUTURE LAND USE MAP BY DEPICTING THE REVISED COASTAL <br />HIGH HAZARD LINE (LEGISLATIVE) <br />Attorney Collins read the above Notices into the record. <br />11. COUNTY ADMINISTRATOR MATTERS - NONE <br />12. DEPARTMENTAL MATTERS <br />12.A. COMMUNITY DEVELOPMENT <br />1. CONSIDERATION OF REVISED INDIAN RIVER COUNTY LOCAL <br />HOUSING ASSISTANCE PLAN FOR FISCAL YEARS 2009-2010 THROUGH <br />2011-2012 <br />Community Development Director Bob Keating requested that the Board <br />approve the Local Housing Assistance Plan for Fiscal Years 2009-2010 through 2011-2012. <br />Commissioner O'Bryan remarked that currently, under the conventional loans, the <br />lenders do not charge a mortgage origination point, and their proposed change will allow them to <br />levy up to 1% origination; and if they do not do that they can increase the interest rate on the <br />loan by 1%. He asked if that was not adding a significant long-term cost by bumping a full <br />percent on the mortgage. <br />March 17, 2009 19 <br />