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• <br />WHEREAS, Chapter 159, Part IV, Florida Statutes (the "Act") authortzed 4"o <br />counties to create housing firuutce authorities to exercise powers of the Act within cn <br />their boundaries or outside their boundaries with the consent of the governing body of Z <br />the territory outside their area of operation; and <br />RESOLUTION NO. <br />cr , <br />' <br />A RESOLUTION OF THE BOARD OF COUNTY <br />c <br />- COMMISSIONERS OF IPfDIAN RIVER COUNTY. <br />FLORIDA. AUTHORIZING THE ESCAMBiA COUNTY <br />i <br />HOUSING FINANCE AUTHORITY TO OPERATE WITHIN <br />THE BOUNDARIES OF INDIAN RIVER COUNTY; <br />AUTHORIZING THE BOARD TO ENTZR tl:'PO <br />a <br />AGREEMENTS WITS TRE ESCA.MAIA COUN'T'Y HOUSING <br />`D <br />FINANCE AUTHORITY AND TO EXECUTE AND D91"91t <br />r� <br />CERTAIN DOCUMENTS AND INSTRUMENi8 U4 <br />•rt <br />CONNEC'T'ION THEREVTTH; APPROVING A FORM OF <br />INTERLOCAL AGREEMENT; APPROVING TIM ISSUANCE <br />BY THE ESCAM131A COUNTY HOUSING FINANCE <br />AUTHORITY OF NOT EXCEEDING W.000,000 SINGLE <br />FAMMT MORTGAGE REVENUE BONDS. SERIES 19% <br />(MULTI -COUNTY PROGRAM). PURSUANT TO SECTION <br />147(T) OF THE INTERNAL REVENUE CODE OF 1988. AS <br />AMENDED; AND PROVIDING AN EFFECTIVE DATE. <br />CD <br />WHEREAS, Chapter 159, Part IV, Florida Statutes (the "Act") authortzed 4"o <br />counties to create housing firuutce authorities to exercise powers of the Act within cn <br />their boundaries or outside their boundaries with the consent of the governing body of Z <br />the territory outside their area of operation; and <br />WHEREAS. the Board of County Commissioners of Fscarnbia County. Florida. <br />cr , <br />on May 29. 1980, adopted Ordinance No. 80-12. by which it created the Escambia <br />c <br />County Housing Finance Authority (the "Authority") and authorued the Authority to <br />exercise all powers under the Act: and <br />WHEREAS, there is no housing finance authority currently operating in Indian <br />River County; and <br />WHEREAS, pursuant to the Act the lloard of County Conunissioners of Indian <br />Wver County. Florida, has found a shortage of affordable housing and capital for <br />Investrncnt therein and a need for a housing finance authority to function in Indian <br />River County; and <br />WHEREAS, it is not practicable at this time under eauting Florida and federal <br />laws ;,nd TcKulalions for a single local agency to issue its bands for the purpose a( <br />!mp)rmenting a ;Angle family housing program. although the shortage of such su>ge <br />faml)v housing and capital for investment therein is contfnutng in irk RMS <br />County: and <br />wKZRF_A8, ti,e Authority has by resotuUon duly adapted on July e. 19M Ube <br />•r-ac,tmbia 14molutioll') autbortmd the tasuarree of not cwDwdft WMOMOW SO& <br />CD <br />Famity MmI&W Wv raise Bonds. Series MO p nqr PfQdFm l Ow 'Bim&'t <br />%D <br />and has indloamd to tltr Board of County of U>tdtan Rltrer Comm as <br />Ittiw Countr Amnrs rt■�► <br />waltrmpmes to worse its pourers in bmtkan to s�tet�e <br />hou" by At1 d We OMM d C=W <br />• <br />ttmeetrj as the pm m prvrd <br />Corea+dSaictrWm "t it clMy, mW <br />(� <br />t mums" tavam 4476 d dw iri muM `auric Caft d lN& am MWOOd <br />tt tPf P41 ! i r I rqdwmd it as do 10adirl atqp0aa PPdft 40PW4d d e0r <br />