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RESOLUTION 2010- 123 <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 />