My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2009-088
CBCC
>
Resolutions
>
2000's
>
2009
>
2009-088
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/28/2024 11:25:11 AM
Creation date
10/5/2015 8:48:19 AM
Metadata
Fields
Template:
Resolutions
Resolution Number
2009-088
Approved Date
06/16/2009
Agenda Item Number
10.A.1.
Resolution Type
Authorization
Entity Name
Escambia County Housing Finance Authority
Subject
Finance single family mortgage loans
Area
Boundaries of Indian River County
Supplemental fields
SmeadsoftID
6473
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
14
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />Section 1. Because of the continuing shortage of affordable single family housing <br />and capital for investment therein in Indian River County and the continuing impediments to a <br />bond issue to alleviate such shortages as to single family housing, it is hereby determined that <br />the Indian River Board consents to the Authority exercising its powers to issue the Bonds and to <br />implement the Plan to provide capital from sources of funds available to the Authority, <br />including but not limited to a portion of the proceeds of the Bonds, and proceeds of obligations <br />refunded by the Bonds, to establish the Program to finance Mortgage Loans for single family <br />housing within the statutory boundaries of Indian River County ("Mortgage Loans'); <br />provided, that the Authority and Indian River County first enter into a written agreement <br />setting forth the powers, duties and limitations of the Authority as they pertain to the use of <br />said Bond proceeds within Indian River County and payment of the issuance costs for such <br />Bonds. <br />Section 2. In furtherance of the purposes set forth in Section 1 hereof the Chairman <br />or Vice -Chairman and Clerk or Deputy Clerk of the Indian River Board are hereby authorized <br />to execute such consents, intergovernmental agreements, applications, instruments or other <br />documents as shall be required to implement participation by the Indian River Board of such <br />Program and to provide for payment of Indian River County's proportionate share of the costs <br />thereof, including but not limited to the costs of issuance of such Bonds, all as shall be approved <br />by counsel to Indian River County. <br />Section 3. The Interlocal Agreement, in substantially the form attached hereto as <br />Exhibit A, and made a part hereof, between Indian River County and the Authority is hereby <br />approved. The officers of Indian River County are hereby authorized to enter into such <br />Interlocal Agreement on behalf of Indian River County with such changes not inconsistent <br />herewith as the officers executing same may approve, such execution and delivery to be <br />conclusive evidence of such approval. The appropriate officers of Indian River County are <br />hereby further authorized to execute and deliver such other documents and instruments as may <br />be necessary to implement such Interlocal Agreement, including, without limitation, application <br />for up to the maximum available private activity bond volume allocations pursuant to the Act, <br />for the purposes set forth in the Interlocal Agreement. <br />Section 4. The Indian River Board hereby approves, within the meaning of Section <br />147(f) of the Code, the Authority's Plan and the issuance by the Authority in multiple series <br />from time to time of not exceeding $300,000,000 Single Family Mortgage Revenue Bonds, <br />initially designated as "(Multi -County Program)," with such particular Series designation as <br />shall be appropriate, for funding the Authority's Program for Mortgage Loans, and such other <br />action to be taken pursuant to the Enabling Resolution or the Act. <br />RIG04/30/09-8073-Comp Docs -Indian River BCC Reso-v 1 3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.