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RESOLUTION NO. 2020- 088 <br />A RESOLUTION OF INDIAN RIVER COUNTY, <br />FLORIDA, DELEGATING TO THE COMMUNITY <br />DEVELOPMENT DIRECTOR OR HIS DESIGNEE, <br />AUTHORITY TO ENDORSE INSURANCE <br />CHECKS RELATING TO COUNTY HOUSING <br />PROGRAMS SUCH AS SHIP HOMES AND THE <br />NEIGHBORHOOD STABILIZATION PROGRAM. <br />WHEREAS, Indian River County has various housing programs such as the <br />State Housing Initiative Partnership (SHIP) Program and the Neighborhood Stabilization <br />Program (NSP) in which mortgage documents require that when funds are loaned to <br />participants in these programs, the participant must maintain homeowner insurance and <br />name Indian River County as a mortgagee in their policy; and <br />WHEREAS, when such a participant has a need to file a claim under their <br />homeowner's policy, the insurance company issues a check made payable to the <br />homeowner and the mortgagees listed on the policy; and <br />WHEREAS, all mortgagees listed on insurance checks are required to endorse <br />same before the funds are available to the participant for repairs; and <br />WHEREAS, endorsement of an insurance check is an administrative function <br />that can be delegated by authority of the Board of County Commissioners to the <br />Community Development Director or his designee; and <br />1 <br />F:\Httorney\Nancy\DOCS\RES\Reso autho cdd to execute SHIP ins. checks 2020.doc <br />