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• <br />activity bonds by an appiicat�le elected repre�entativc or gp�tital unit followma a <br />public hearing and the Board of County Commissioners a( Indian Rwer County. <br />Florida (the ' Board'1. constitutes an applicable elected reprtsentatfte or $pveemmental <br />unit: and <br />WHEREAS, pursuant to Section 147M of the Code a public hearing( was <br />scheduled before the bard for ilor o i, 'r `) . 199 `), and notice of such hearing was, <br />given in the form required by the Code by publication more than 14 days prior to Such <br />hearing: and <br />WHEREAS, the Board has on D e c: e r i b e r 5 199'- <br />, held the public hearing <br />and provided at such hearing reasonable opportunity for all interested individuaLS to <br />express their vIm-s, both orally and in writing. on the issuance of the Bonds: and <br />W'HERF.AS, the Board diligently and conscientiously considered all comments <br />and concerns expressed by such individuals: and <br />WHEREAS, the Board desires to empress its approval of the action to be taken <br />pursuant to the Escambia Resolution and as required by Section 147(n of the Cocle: <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br />Section 1. Because of the continuing shor'age of affordable single family <br />housing and capital for investment therein in Indian River County and the continuing <br />impediments to a bond issue to alleviate such shortages as to single family housing. it <br />is hereby determined that the Board of County Commissioners of Indian River County <br />consents to the Authority exercising its powers to issue the Bonds Arid to implement a <br />program from a portion of the proceeds of the Bonds to finance single family housing <br />within the stahulory boundaries of Indian River County, provided, that the Authority <br />and. Indian River County bust enter into a written agreement setting forth the powers. <br />duties and limitation_ti of the Authority as they pertain to the use of said bond proceeds <br />within Indian River County and payment of the issuance costs for such Bonds. <br />Section 2. In furtherance of the purposes set forth in Section I hereof the <br />Chairman or Vice-Chairnian and Clerk or Deputy Clerk of the Board of County <br />Commissioners of Indian River County are hereby authortied to execute such <br />consents. Intergovernmental agreements, applicaUons or other documents as shag be <br />required to Implement such sirtivje family housing program and to provide for puri <br />of Indian River county's proportionate shore of costs of hOuaner ol suet Bonds, all as <br />shall for approved by courLsei to IndLita t;twr County. <br />seetton A. The Interiocal Amt. in substangfift the form anachrd <br />hwrlrto ** t i=ibit "A"_ mod made a Qat haat ih@nM= hHhAP fm` CmWIF and thr <br />A4 dA lty Is hctc2tr Thr aSms if h1dftP WwW teunzY ww- h"riwY <br />audunized to eritri into the Intesiocftl AiiOMMOU ad berttalt Of bubw F4"'j C Lmniy. <br />with such dtanom not bwonswou herewith a• tide adkNM OwcuUM Sww Mf <br />approve, suds aaautlan and ddP ry to be oandtawe 4w%knC6 d aunt appromL ebe <br />approprsatt ems of OWMM lbtiwr Omwo am bwvby hadwr to ®cur <br />WW ddlrr SM& Whw daottrrrtta and tr wwumsaiits a =W be sworn ry to tl■�irrt! <br />aw til todassl NOWL usbeut tla>ideNN& fir r tin <br />mora e 0� stirs affwun rr ptruart r ckww tit <br />!bt N. (hating A4flnta, tier dw p Pwa M ttws IN die bewb al A/600ar K <br />M. — 13, ,. t .b- . Rise; <br />4" <br />O <br />r <br />O <br />O <br />N <br />