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IN T1 1r. nrl_iittf) or 7`��tl�,�� .► W .If'!I f)E Y K.PAIL P rtl 01 I;p,cinf1JlI COI;fIt Exhibit A" RIUIM niVLf1 co.,FI.A. � " FORM OF -- ' , INTERLOCAL AGREEMENT 0 W Ul THIS AGREEMENT made and entered into this J-6.8 Jar. day of co � , 1998, by and between the ESCAMBIA COUNTY HOUSING c0 FINANCE AUTHORITY, a public body corporate and politic organized and existing under the laws of the State of Florida (hereinafter referred to as the "Escambla Authority"), and INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida (hereinafter referred to as the "Participating Cotmtr); WITNESSETH: .o ca WHEREAS, Part IV of Chapter 159 of the Florida Statutes, (the "Act") m authorizes the creation of housing Mance authorities within the State of c11 Florida (the "State") for the purpose of issuing revenue bonds to assist in ar relieving the shortage of housing available at prices or rentals which many .� persons and families can afford;and w WHEREAS, the Escan)bia Authority has resolved to issue(at one time or from time to time)not exceeding$100,000,000 Single Family Mortgage Revenue C'') Bonds, initially designated as Series 1999 (Multi-County Program) (the "1999 Escambia Bonds");and WHEREAS, pursuant to Sectlons 143 and 146 of the Internal Revenue Code of 1986, as amended (the "Code"),the amount of qualified mortgage bonds which may be issued in each year Is limited by a private activity volume cap CJ which has been established for such purpose within the State;and WHEREAS, the limitations upon available portions of the private activity i volume cap prevent the separate Issuance of bonds for each county from being feasibly and economically accomplished;and WHEREAS, the Escarnbta Authority has authorized a sufticlent amount Qof 1999 Escambia Bonds to fund, or to refund or refinance outstanding obligations, the proceeds of which will be used to Mance a portion of the anticipated demand during the proposed Origination Period for qualifying single cc family mortgages ("Mortgage Loans")of both Escambia County and Indian River County, as well as certain other counties which may also participate in a Joint bond program;and 4, WHEREAS,the aggregation of mortgage loan demand and the securing of N the related amount of the cumulative State private activity volume cap (the "Allocation Amount") granted by the State through 1999 (the "Authorization Period") for the purpose of Issuing bonds to finance qualifying single family PQ MCIAS/21/98.8329•Indrlvla I