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Community <br />Development <br />INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: <br />Joseph A. Baird, County Administrator <br />DIVISION HEAD CONCURRENCE: <br />Stan Boling, AIC <br />Community Deve s ent Director <br />THROUGH:THROUGH: Sasan Rohani, AICP 5-dC,��' <br />Chief, Long -Range Planning <br />FROM: <br />DATE: <br />SUBJECT: <br />Bill Schutt, AICP, <br />Senior Economic Development Planner <br />April 3, 2014 <br />REQUEST TO APPROVE AN AMENDED NEIGHBORHOOD <br />STABILIZATION PROGRAM 1 (NSP1) COMMUNITY DEVELOPMENT <br />BLOCK GRANT (CDBG) ADMINISTRATION CONTRACT WITH FRED <br />FOX ENTERPRISES INCORPORATED <br />It is requested that the following information be given formal consideration by the Board of County <br />Commissioners (BCC) at its regular meeting of April 15, 2014. <br />DESCRIPTION AND CONDITIONS <br />In late 2008, the Florida Department of Community Affairs (DCA) hereafter referred to as the <br />Florida Department of Economic Opportunity (DEO), allocated $4,680,825 in Neighborhood <br />Stabilization Program 1 (NSP1) Community Development Block Grant (CDBG) funds to Indian <br />River County. The purpose of the Neighborhood Stabilization Program was to provide local <br />governments with funds to stabilize communities by purchasing foreclosed properties and selling or <br />renting those units to income qualifying households. <br />1 <br />140 <br />