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9/19/2017 11:06:40 AM
Creation date
9/19/2017 11:06:40 AM
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Resolutions
Resolution Number
2010-123
Approved Date
12/14/2010
Agenda Item Number
8.C.
Resolution Type
Florida Community Contribution Tax Credit Program
Halfway Home to the Dream: A Safe Place (EDHAP)
Entity Name
Every Dream Has A Price
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RESOLUTION 2010- 12 3 <br /> A RESOLUTION BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br /> RIVER COUNTY, FLORIDA; ENDORSING EVERY DREAM HAS A PRICE <br /> (EDHAP) AS A SPONSORING AGENCY UNDER THE FLORIDA COMMUNITY <br /> CONTRIBUTION TAX CREDIT PROGRAM; AND FINDING THAT EDHAP'S <br /> HALFWAY HOME TO THE DREAM: A SAFE PLACE TO CALL HOME PROJECT <br /> IS CONSISTENT WITH THE INDIAN RIVER COUNTY COMPREHENSIVE PLAN <br /> AND THE INDIAN RIVER COUNTY LAND DEVELOPMENT REGULATIONS. <br /> WHEREAS, the State, under Section 220.183, Florida Statutes, authorized the <br /> Community Contribution Tax Credit Program, which allows any Florida corporation to <br /> receive a credit against any corporate income/franchise tax, sales tax, or insurance <br /> premium tax due for a taxable year of 50 percent of the value of a donation (not to exceed <br /> a $200,000 credit in any one year) for contributions to a State approved community <br /> development project; and <br /> WHEREAS, the State, under Section 220.03(1)(t), Florida Statutes, defines an <br /> eligible community development project to include but not be limited to activity <br /> undertaken by an eligible sponsor, which is designed to construct, improve, or <br /> substantially rehabilitate housing that is affordable to low income or very low income <br /> households; and <br /> WHEREAS, Every Dream Has A Price, a non-profit organization incorporated in <br /> the state of Florida, proposes to construct low income housing units within <br /> Unincorporated Indian River County and meets the criteria as a sponsoring organization <br /> under Section 220.183(2)(c), Florida Statutes; and <br /> WHEREAS, Every Dream Has A Price is the sponsoring organization applying <br /> for approval of the Halfway Home to the Dream: A Safe Place to Call Home project as a <br /> State approved Community Development Project. <br /> WHEREAS, the County has determined that the Halfway Home to the Dream: A <br /> Safe Place to Call Home project is consistent with the County's Comprehensive Plan and <br /> Land Development Regulations, <br /> 1 <br />
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