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ORDINANCE NO. 2015- 01 agreement with the local government to provide such housing. The local government or special district may enter into a ground lease with a public or private person or entity for nominal or other consideration for the construction of the residential housing project on land acquired pursuant to this sub -subparagraph. (4) Distribution to Municipalities. State law provides that municipalities are to receive a share of the revenues from the extension of the Surtax in accordance with the terms of any interlocal agreement entered into between the Indian River County Board of County Commissioners as the governing body of Indian River County, Florida and the governing bodies of the municipalities representing a majority of the Indian River County's municipal population or, in the absence of an interlocal agreement, in accordance with the state revenue sharing formula. The infrastructure sales surtax proceeds from the extended levy of the Surtax shall be distributed to the respective municipalities within the County pursuant to the state revenue sharing formula. Section 7. Referendum Results. If a majority of the votes cast at the referendum in respect to the extension of the 1989 Surtax shall be "FOR the extension of the one -cent sales tax", the Surtax extension shall be approved and the extension of the Surtax shall thereupon be levied effective January 1, 2020 and shall continue in full force and effect through and including December 31, 2034. Section 8. Savings Clause. In the event the Referendum is not approved, the levy of the 1989 Surtax shall remain in effect as originally provided in the Ordinance, and the proceeds of the Surtax shall continue to be used for the purposes provided in Ordinance 2002-21 and shall continue to be distributed as provided in Ordinance 2002-21. Section 9. Authorizing Necessary Action. The Board hereby authorizes the proper officials to do all things deemed necessary in connection with the holding of the referendum and the levy of the Surtax, if approved, to the extent provided by law and in this Ordinance. Section 10. Severability. If any part of this ordinance is held to be invalid or unconstitutional by a court of competent jurisdiction, the remainder of this ordinance shall not be affected by such holding and shall remain in full force and effect. Section 11. Filing with Florida Department of State and Department of Revenue. The Clerk is hereby directed to send a certified copy of this Ordinance to the Florida Department of State and to the Department of Revenue. Section 12. Effective Date. This Ordinance shall become effective upon filing with the Florida Department of State. F.rWnornrylLi,daGENERALtResohsions & OrdinanceslOrdinancesDpiianal Soles To: Ordnance.docs 5