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Section 308.12. - Establishment of procedures for county acquisition of foreclosed or abandoned <br />properties with NSP funds. <br />(1) The community development director is hereby designated as the person responsible for <br />administering the county's Neighborhood Stabilization Program. In this capacity, the community <br />development director shall comply with all procedures in the Community Development Block Grant <br />(CDBG) Neighborhood Stabilization Program (NSP) Housing Assistance Plan (HAP) and NSP <br />Program Manual (as applicable). <br />(2) Consistent with NSP guidelines, the county will acquire foreclosed or abandoned properties to <br />rehabilitate and sell or rent to qualified low and moderate income households. All properties acquired <br />through the NSP will be located in the designated NSP target area and will be acquired at no more <br />than ninety-nine (99) percent of current appraised value. <br />(3) To acquire properties, the county will work with qualified local real estate brokers, financial <br />institutions, and federal housing agencies. For each potential purchase, the county will undertake all <br />applicable pre-acquisition due diligence activities. This will involve obtaining surveys, appraisals, <br />inspections, and title reports, as applicable. <br />(4) In acquiring NSP properties, the community development director is hereby authorized to execute <br />purchase contracts, due diligence contract work orders, and other applicable documents. On a <br />regular basis, the community development director shall provide an NSP acquisition status report to <br />the board of county commissioners. <br />(Ord. No. 2012-006, § 2, 5-1-12; Ord. No. 2014-008, § 1(App. A), 4-15-14) <br />Editor's note— Former § 308.13. <br />Section 308.13. - Establishment of procedures for county rehabilitation of properties purchased with <br />NSP funds. <br />(1) For each NSP property acquired by the county, an inspection of the property will be conducted to <br />determine the specific rehabilitation work required. That inspection will be based on the county's <br />NSP construction specifications document. Based on the inspection report prepared for the property, <br />a scope of work will be developed, and bid documents will be prepared. <br />(2) To procure contractors for NSP rehabilitation work, the county will comply with applicable NSP <br />regulations and Indian River County Policies and Procedures for CDBG programs and projects. For <br />each NSP rehabilitation project, the county will solicit bids from those firms on its list of pre -qualified <br />contractors. A contract will then be awarded to the lowest, most responsive bidder. <br />(3) The community development director is hereby authorized to execute rehabilitation contracts with <br />NSP contractors. Those contractors will be responsible for obtaining all required permits and <br />completing all items in the applicable scope of work within the timeframe established in the contract. <br />Once the work is completed and inspected, releases of liens are provided, and invoices are <br />submitted, the contractors will be paid. <br />(Ord. No. 2012-006, § 2, 5-1-12; Ord. No. 2014-008, § 1(App. A), 4-15-14) <br />Editor's note— Former § 308.14. <br />Section 308.14. - Establishment of criteria for the sale of NSP properties that constitute an alternative <br />property disposition procedure to sections (1) and (2) of of F.S. § 125.35. <br />Page 7 <br />