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ORDINANCE NO. 2012- 006 basis, the Community Development Director shall provide an NSP acquisition status report to the Board of County Commissioners. Section 308.14 — Establishment of Procedures for County Rehabilitation of Properties Purchased with NSP Funds. (1) For each NSP property acquired by the County, an inspection of the property will be conducted to determine the specific rehabilitation work required. That inspection will be based on the County's NSP Construction Specifications document. Based on the inspection report prepared for the property, a scope of work will be developed, and bid documents will be prepared. (2) To procure contractors for NSP rehabilitation work, the County will comply with applicable NSP regulations and Indian River County Policies and Procedures for CDBG Programs and Projects. For each NSP rehabilitation project, the County will solicit bids from those firms on its list of pre -qualified contractors. A contract will then be awarded to the lowest, most responsive bidder. (3) The Community Development Director is hereby authorized to execute rehabilitation contracts with NSP contractors. Those contractors will be responsible for obtaining all required permits and completing all items in the applicable scope of work within the timeframe established in the contract. Once the work is completed and inspected, releases of liens are provided, and invoices are submitted, the contractors will be paid. Section 308.15 — Establishment of Criteria for the Sale of NSP Properties that Constitute an Alternative Property Disposition Procedure to Sections (1) and (2) of Chapter 125.35, F.S. (1) Pursuant to NSP requirements, the County will sell houses acquired with NSP funds to qualified low and moderate income households. In so doing, the County will comply with the Resale Property Disposition criteria in the County's CDBG NSP HAP. (2) To be eligible to purchase an NSP house, a buyer must meet the qualification standards listed in the HAP. Specifically, a potential buyer must have an income in the low or moderate income category, have the minimum downpayment amount, and qualify with a financial institution for a principal mortgage in an amount adequate to purchase an NSP house with county/NSP gap financing assistance. For each prospective NSP buyer, the County will conduct an income qualification assessment. NSP houses will then be sold on a first come/first served basis. (3) The county will provide notice of intent to sell NSP houses in several ways. These may include, but not be limited to, newspaper advertisements, brochures, multiple listing service, and website notice. (4) Once the rehabilitation of an NSP house is complete, the county will have the rehabilitated house appraised. The appraised value will then be the house's selling price, except that the selling price shall not exceed the combined purchase price and rehabilitation cost. Once the selling price is set, the county will sell the house at the selling price to the first qualified buyer. If, however, a new appraisal indicates that the house's value is less than the selling price, the house will be sold for the new appraised value. The manner of acquisition will be by warranty deed from the county. (5) All sales of NSP properties will comply with the County's comprehensive plan and zoning. (6) The Chairman of the Board of County Commissioners is hereby authorized to execute deeds and other documents associated with the sale of NSP properties. SECTION 3. Repeal of Conflicting Provisions All previous ordinances, resolutions, or motions of the Board of County Commissioners of Indian River County, Florida which conflict with the provisions of this ordinance are hereby repealed to the extent of such conflict. SECTION 4. Severability 3