My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2020-063
CBCC
>
Resolutions
>
2020's
>
2020
>
2020-063
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/22/2020 10:02:51 AM
Creation date
8/27/2020 12:39:51 PM
Metadata
Fields
Template:
Resolutions
Resolution Number
2020-063
Approved Date
08/18/2020
Agenda Item Number
10.A.1.
Entity Name
Escambia County Housing Finance Authority
Subject
approve issuance of multi-family housing bonds
not to exceed $15,000,000 to benefit Orange Blossom Village Apartments
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
3
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
RESOLUTION NO. 2020-063 <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA THAT: <br />1. The Board, pursuant to, and in accordance with, the requirements set forth in <br />Section 147(f) of the Code, hereby approves the issuance of the Bonds by the <br />Authority, in one or more series at one or more times in a principal amount not <br />exceeding $15,000,000. <br />2. The Bonds shall not constitute a debt, liability or obligation of the County, the State <br />of Florida (the "State") or any political subdivision or agency thereof other than the <br />Authority, or a pledge of the faith and credit of the Authority, the County, the State <br />or of any political subdivision or agency thereof, and neither the Authority, the <br />County, the State nor any political subdivision or agency thereof will be liable on <br />the Bonds, nor will the Bonds be payable out of any funds other than those <br />pledged and assigned under the Indentures and the Loan Agreements. <br />3. The approval given herein is solely for the purpose of satisfying the requirements <br />of Section 147(f) of the Code and shall not be construed as an approval of any <br />necessary rezoning application or any regulatory permits required in connection <br />with the issuance of the Bonds or the construction of the Project, and this Board <br />shall not be construed by virtue of its adoption of this Resolution to have waived, <br />or be estopped from asserting, any rights or responsibilities it may have in that <br />regard. <br />4. The approval given herein is solely for the purpose of approving the project <br />described above, the plan of finance, and the bonds herein described. The Board <br />reserves the right to consent to any additional project to be financed within the <br />jurisdictional limits of the County upon such terms as it shall deem appropriate and <br />to adopt and amend policies applicable to obtaining such consents. <br />5. It is a condition of the approval given herein that a Land Use Restriction <br />Agreement with a Qualified Project Period of not less than thirty-five years be <br />executed and delivered in connection with the issuance of the bonds described <br />herein. <br />The foregoing Resolution was offered by CommissionerJoseph E. Flescher <br />and seconded by Commissioner Peter D. O'Bryan , and, upon being put to a vote, <br />the vote was as follows: <br />Chairman Susan Adams AYE <br />Vice -Chairman Joseph E. Flescher AYE <br />Commissioner Tim Zorc AYE <br />Commissioner Peter D. O'Bryan AYE <br />Commissioner Bob Solari AYE <br />2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.