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RESOLUTION NO. 93- 75 <br />=:"n= A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF <br />INDIAN RIVER COUNTY, FLORIDA, INCREASING THE LIMIT OF <br />ADMINISTRATIVE COSTS FROM THE STATE HOUSING INITIATIVES <br />z PARTNERSHIP (SHIP) PROGRAM FOR THE INDIAN RIVER COUNTY <br />LOCAL HOUSING ASSISTANCE PROGRAM (IRCLHAProgram) <br />WHEREAS, Chapter 420, Florida Statutes, describes the State <br />Housing Incentive Partnership (SHIP) Program, which has been <br />established to increase the amount of affordable housing within the <br />State of Florida; and <br />-` WHEREAS, the County has approved Ordinance Number 93-13 <br />establishing the Local Housing Assistance Program; and <br />WHEREAS, the County has studied its current staff and funding <br />sources; and <br />WHEREAS, consequently, it has been determined that use of five <br />percent (5%) of available SHIP funds will be insufficient to pay <br />the necessary costs of administering the SHIP program; and <br />WHEREAS, it has also been determined that use of ten percent <br />(10%) of available SHIP funds will be adequate at this time to <br />properly administer the SHIP program. <br />NOW, THEREFORE BE IT RESOLVED by the Board of County <br />Commissioners of Indian River County, Florida, in regular session <br />duly assembled, that up to ten percent (10%) of available SHIP <br />funds may be used to pay the costs of administration of the SHIP <br />program. <br />The foregoing resolution was offered by Commissioner Eqqert <br />and seconded by Commissioner Adams and, being put to a vote, <br />the vote was as follows: <br />Chairman, Richard N. Bird Ay <br />Vice Chairman, John W. Tippin Ay <br />Commissioner Kenneth R. Macht Aye <br />Commissioner Carolyn Eggert Ay <br />Commissioner Fran B. Adams Aye <br />The Chairman thereupon declared the resolution duly passed and <br />adopted this 6th day of April , 1993. <br />1 <br />AITAC10(BNt 4 <br />