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v0 7 <br />tT1s104;1%1sCil' I.AST PACE <br />RESOLUTION #: 2017---1 1 R <br />WHEREAS, the Indian River County Community Development Department has prepared a <br />three-year Local Housing Assistance Plan for submission to the Florida Housing Finance <br />Corporation; and <br />WHEREAS, the Board of County Commissioners made a determination that it is in the best <br />interest of the Indian River County citizens to submit the Local Housing Assistance Plan for review <br />and approval so as to qualify for said documentary stamp tax funds; and <br />WHEREAS, this resolution replaces and supersedes resolution 42015-050, that was <br />approved by the Board on April 21, 2015. <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />Section 1: The Board of County Commissioners of Indian River County hereby approve the <br />Local Housing Assistance Plan, as attached and incorporated hereto for submission <br />to the Florida Housing Finance Corporation as required by ss. 420.907-420-9079, <br />Florida Statutes, for fiscal years 2018-2019, 2019-2020, 2020-2021. <br />Section 2: The Community Development Director, is hereby designated and authorized to <br />execute any documents and certifications required by the Florida Housing Finance <br />Corporation. as related to the Local Housing Assistance Plan, and perform all <br />necessary and proper tasks to carry out the term and conditions of said plan. <br />Section 3: The County shall utilize up to 10 percent of the local housing distribution plus 5 <br />percent of the program income deposited into the trust fund to administer the <br />program. <br />-z7- <br />FACommunity Development\SHiP\LHAP12018-2021 LHAP <br />— 27 — <br />F:\Community Development\SHIP\LHAP\2018-2021 LHAP\2018-2021 LHAP - final submittal.doc <br />36 <br />