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ON MOTION by Commissioner Macht, SECONDED by <br />Commissioner Adams, the Board unanimously (4-0, <br />Commissioner Eggert being absent) adopted Resolution <br />94-163, approving the public hearing relating to the <br />Escambia County Housing Finance Authority. <br />RESOLUTION NO. 94-163 <br />•A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COiINTY, <br />FLORIDA,` APPROVING THE PUBLIC HEARING . <br />RELATING TO THE ISSUANCE BY THE . ESCAMBIA <br />COUNTY HOUSING FINANCE AUTHORITY OF NOT <br />EXCEEDING $60,000,000 SINGLE FAMILY MORTGAGE. <br />REVENUE BONDS, SERIES 1998 (MULTI -COUNTY <br />PROGRAM). PURSUANT TO SECTION 147(f) OF THE <br />INTERNAL REVENUE CODE OF 1986. AS AMENDED; <br />AND.PROVIDING AN EFFECTIVE DATE. <br />"•" WHEREAS, Section 147(1) of the Internal Revenue Code of 1986, as amended <br />(hereinafter referred to as the "Code") requires public approval of certain private <br />activity bonds by an applicable elected representative or governmental unit following a <br />public hearing and the Board of Coutity Commissioners of Indian River County, <br />Florida (the "Board"), constitutes an applicable elected representative or governmental <br />unit: and <br />WHEREAS, pursuant to Section 1470 of the Code a public hearing was <br />scheduled before the Board for December 20. 1994 (the "Public IIcaring"), and notice <br />of such Public Hearing has been given in We form required by the Code; and <br />WHEREAS, the Board has on December 20. 1994, field the Public Bearing and <br />has provided at such Public Bearing reasonable opportunity for nil Interested <br />individuals to express their views. both orally and in writing, on the issuance of the <br />Bonds: and <br />WHEREAS, the Board diligently and conscientiously considered all comments <br />and concerns expressed by such Individuals; and <br />WHEREAS, the Board desires to express its approval of the Public Bearing as <br />required by Section 147(0 of the Code: <br />NOW THEREFORE. BE •IT RESOLVED BY TIIE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA. <br />Section 1 The Board hereby approves the Public hearing, after due <br />consideration of all comments and concerns expressed by individuals at the Public <br />Hearing. <br />Section 2. , All resolutions or parts thereof of the Board *In conflict with the <br />`provisions herein contained are, to the extent of such conflict. hereby superseded and <br />.•repealed.; : <br />. Section 3. - This Resolution shall lake effect Immediately upon its adoption. <br />.Dulykadopted in the.r e Q u 1 a r session this 20th day of December. 1994 <br />INDIAN RIVER COUNTY. FLORIDA - <br />By: <br />C)iai_a . Boar <br />John ml5sloycrsippin <br />7 <br />December 20, 1994 <br />BOOK 93 PAu 8 <br />