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RESOLUTION #: 2020 - <br />municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent <br />of program income for administrative costs. <br />WHEREAS, the Indian River County Community Development Department has prepared <br />a three-year Local Housing Assistance Plan for submission to the Florida Housing Finance <br />Corporation; and <br />WHEREAS, the Board of County Commissioners made a determination that it is in the <br />best interest of the Indian River County citizens to submit the Local Housing Assistance Plan for <br />review and approval so as to qualify for said documentary stamp tax funds; and <br />WHEREAS, this resolution replaces and supersedes resolution #2017-118, that was <br />approved by the Board on December 5, 2017. <br />NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA that: <br />Section 1: The Board of County Commissioners of Indian River County hereby approve the <br />Local Housing Assistance Plan, as attached and incorporated hereto for submission <br />to the Florida Housing Finance Corporation as required by ss. 420.907-420-9079, <br />Florida Statutes, for fiscal years 2021-2022, 2022-2023, 2023-2024. <br />Section 2: The Community Development Director, is hereby designated and authorized to <br />execute any documents and certifications required by the Florida Housing Finance <br />Corporation as related to the Local Housing Assistance Plan, and perform all <br />necessary and proper tasks to carry out the term and conditions of said program. <br />Section 3: The County shall utilize up to 10 percent of the local housing distribution plus 5 <br />percent of the program income deposited into the trust fund to administer the <br />program. <br />Attachment 3 <br />255 <br />