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TO: Board of County DATE: August 1, 1989 FILE: Commissioners THROUGH: James E. Chandler, County Administrator SUBJECT: Request for Approval for the Development of Residential Multifamily Housing FROM: Guy L. Decker, Jr.', �► REFERENCES: Executive Director Indian River County Housing Authority The Indian River County Housing Authority respectfully requests a Public Hearing by the Board of County Commissioners for approval of a site for the development of residential multifamily housing for low and moderate -income families. Florida Statutes 79-481, House Bill No. 854 requires the Housing Authority to receive the approval of the County Commission, or the gov- erning body which has jurisdiction, for a site of a proposed project. This site approval is independent of zoning and other regulatory approvals. In accord with the statute, Notice was published in the Vero Beach Press -Journal on July 24th, 1989. Consistent with the requirements, we have notified all owners within 300 feet of the site and posted a Notice .on the site. - . :.";`TV The Housing Authority has prepared an Application to the Housing 'Assistance Council, Inc. for a loan of funds to acquire 16.10 acres in .=•:Gifford north of 41st Street, south of 45th Street on 38th Avenue (location i map attached). The Housing Authority has optioned a parcel owned by Jackson Brothers Grove, Inc. for $217,350.00. We have received a loan .approval on November 30, 1988, pending a loan obligation from the Farmers Home Administration. The objective is to acquire the land and develop 100 townhouse rental units for low and moderate -income families. The complex, like Victory Park, will be owned and managed by the Housing Authority. The cost of the land and the availability of water and sewer makes it feasible to meet the standards set by the Farmers Home Administration's Section 514 Loan and 516 Grant Farm Labor and 515 Mortgage Interest Subsidy Programs. The conditions do not exist at this time in many other areas of the County. The fund to acquire the land, plan and design a multifamily building site will be made available by the Housing Assistance Council,Inc. We request approval of this site for purchase by the Indian River County Housing Authority to develop residential multifamily housing for low and moderate -income families on the following described 16.10 acres in Gifford north of 41st Street, south of 45th Street on 38th Avenue in Indian River County, Florida, to wit: Tract 1: A parcel of land situate in the southeast quarter of the northwest quarter of Section 27, Township 32 south, Range 39 east, Indian River County, Florida, being more particularly described as follows: Commence at the southwest corner of the said southeast quarter of the northwest quarter; thence north, along the west line of the said south- east quarter of the northwest quarter, a distance of 468.00 feet to the point of beginning and the northwest corner of land as described in Deed Book 90 at page 331 of the Public Records of Indian River County, Florida; thence continue north, along the said west line, a distance of 861.68 feet to the northwest corner of the said southeast quarter of the northwest quarter; thence east, along the north line of the said southeast quarter of the northwest quarter, a distance of 600.59 feet to the west right-of- way line of 38th Avenue(100'R/W); thence south, along the said right-of- way line, a distance of 822.41 feet to the northeast corner of land as 33 AUG I i