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r SPR -5 B9QA <br />5og 92 PAGE 54 <br />Resolution 94-48 <br />Section 3. _ <br />The Board of County Commissioners directs staff to submit a <br />copy of the Indian River County Local Housing Assistance Plan <br />to the Florida Housing Finance Agency by certified mail. <br />Section 4. <br />The only change to the maximum and average cost per unit is <br />for Downpayment/Closing Cost/Principal reduction assistance <br />loans. The maximum* amount of the Downpayment/Closing <br />Cost/Principal reduction assistance loan will -be $10,000, and <br />the average amount will be $9,000.00 <br />Section 5. <br />The County shall continue utilizing ten percent (10%) of <br />available SHIP funds for administration of the SHIP program. <br />Section 6. - <br />The County's recapture provision will be based on the Table <br />provided on the revised Local Housing Assistance Plan. <br />The foregoing resolution was offered by Commissioner Adams , <br />and seconded by Commissioner Eggert , and being put to a vote, <br />the vote was as follows: <br />Chairman, John <br />W. Tippin <br />�Le <br />Vice Chairman, <br />Kenneth R. <br />Macht <br />ALe <br />Commissioner, <br />Richard N. <br />Bird <br />ALe <br />Commissioner, <br />Carolyn K. <br />Eggert <br />ALe -- <br />Commissioner, <br />Fran B. Adams <br />ae <br />The Chairman thereupon declared the <br />resolution <br />duly passed and <br />adopted this 5 day of April , 1994. <br />Board of County Commissioners <br />of Indian River County <br />B, <br />Y <br />r, <br />r .-,?ohn W. Tippin, Chairman. <br />Attest by: <br />Jeffrey K. Barton,'`"���r"� <br />Clerk <br />APPROVED AS TO FORM AND LEGAL SUFFICIENCY <br />William G. Collins, II <br />Deputy County Attorney <br />30 <br />— M <br />