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RESOLUTION NO 94- 162 A RESOLUTION OF THE INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS APPROVING THE REVISED INDIAN RIVER COUNTY AFFORDABLE HOUSING INCENTIVE PLAN; WHEREAS, The County, on April 6, 1993, adopted ordinance 93-13 establishing the county's Local Housing Assistance Program, pursuant to section 420.907, Florida Statutes and Rule 9I-37, F.A.C.; and WHEREAS, pursuant to Section 420.9076, F.S., each county participating in the State Housing Initiative program must adopt an Affordable Housing Incentive Plan within 12 months after the date of adoption of its Local Housing Assistance Program establishment ordinance; and WHEREAS, the Indian River County Affordable Housing Advisory Committee held a public hearing pursuant to the requirements of Section 420.9076(5), F.S., on January 13, 1994, and continued the public hearing to a time certain date on February 10, 1994; and WHEREAS, the Affordable Housing Advisory Committee reviewed all proposed incentives and made a positive recommendation for adoption of the Indian River County Affordable Housing Incentive Plan; and WHEREAS, the Board of County Commissioners, within 90 days after the date of receipt of the recommendation on the Affordable Housing Incentive Plan from the Affordable Housing Advisory Committee on the Affordable Housing Incentive Plan, adopted the Affordable Housing Incentive Plan; and WHEREAS, the county transmitted a copy of the approved Affordable Housing Incentive Plan to the Florida Housing Finance Agency for their review; and WHEREAS, the county received a copy of the Florida Housing Finance Agency's SHIP review committee findings regarding the county Affordable Housing Plan on November 3, 1994; and WHEREAS, the county has 60 days from receipt of the Florida Housing Finance Agency's report to make appropriate changes to its Affordable Housing Incentive Plan; and WHEREAS, the county has revised the Indian River County Affordable Housing Incentive Plan to address the Florida Housing