My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1995-152
CBCC
>
Resolutions
>
1990'S
>
1995
>
1995-152
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/11/2019 3:08:10 PM
Creation date
3/11/2019 3:00:22 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
1995-152
Approved Date
12/05/1995
Resolution Type
Housing
Entity Name
Escambia County Housing Finance Authority
Interlocal Agreement
Subject
TEFRA single Family Mortgage Revenue Bonds
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
123
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
9XIdbit -A- <br />FORM OF <br />(NTERLOC.AL AGRFEMFf YT <br />THIS AGREEMENT made and entered into this5 _ day of n 0 r F' 1't.^ T99 > , try <br />and between the ESCAMBIA COUNTY HOUSING mix—CE AUTHORirY, a public <br />body corporate and politic organized and existing under the laws of the State, of Florida <br />(hereinafter referred to as the 'Escambia Authority"), and IN'DIAN RIVER COUNTY, <br />FLORIDA, a political subdivision of the State of Florida (hereinafter referred to as the <br />"Participating County"): <br />WITNESSETH: <br />WHEREAS, Part IV of Chapter 159 of the Florida Statutes authorizes the <br />creation of housing finance authorities within the State of Florida (the "State") for the <br />purpose of issuing revenue bonds to assist in relieving the shortage of housing <br />available at prices or rentals which many persons and families can afford: and <br />WHEREAS, the Escambia Authority has resolved to issue not exceeding <br />$80.000.000 Single Family Mortgage Revenue Bonds, Series 1996 (Multi -County <br />Program) (the "1996 Escambia Bonds"): and <br />WHEREAS, pursuant to Sections 143 and 146 of the Internal Revenue Code of <br />1986. as amended (the "Code"). the amount of Mortgage Subsidy Bonds which may be <br />issued in each year is limited by a private activity volume cap which has txxen <br />established for such purpose within the State: and <br />WHEREAS, the limitations upon available portion.5 of the volume cap prevent <br />the separate issuance of bonds for each county from being feasibly and economically <br />accomplished: and <br />WHEREAS, the Escambia Authority has authorized a sufficient amount of 19% <br />Escambia Bonds to fund the anticipated demand during the proposed Origimition <br />Period for qualifying single family mortgages of both Escambia County and IndLan <br />River County, as well as certain other counties which may also participate in a j ,flit <br />bond program: and <br />WHEREAS, the aggregation of mortgage loan demand and the secur tg of air <br />Irlatrd amount of the State volume rap (the "Allocation Aimountl /panted by the State <br />ihoo Kh 1996 (the "Authorizatf(an l'rriod") for the purpose of issuing bonds to Anaef[ge <br />yisslltyirxg sy{le f&mily cirvelopment (the Vandal wit) r+mWt in a wldes allocation Of <br />lixad eaWerut-A slid Urri.stu ottaez etYuwMtcs of WA . and <br />VREREAs, uril+4s such ec=wmdm am ruftmed. Ow Ieeuai m cd YonSyt <br />Bubo* bonds would be Mas ecanowA a! neeuMM In W&s mettWp a nfa d <br />dual" msftpgses: sed <br />. Sattler man aad Iee1 wL lffflde HY0AUa atfmntw bd S <br />ism aftow to aw 1■ mmm of tee� bNofle teti0 dw ftmEliff <br />momm to 40„I w Ow 4mruav of at— -, - Ir awnlflg .we tet. <br />Cat". StAllift 4W --i 13..m. t ov . 1 W setfad tV 4 af dw lbam" 4d &A11i <br />r� <br />• <br />
The URL can be used to link to this page
Your browser does not support the video tag.