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RESOLUTION NO. 2004-134 <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 SHIP HOMES. <br />WHEREAS, the Indian River County SHIP Program mortgage documents <br />require that when funds are loaned to SHIP participants, the SHIP participant must <br />maintain homeowner insurance and name Indian River County as a mortgagee in their <br />policy; and <br />WHEREAS, when a SHIP 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 SHIP 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 to the Community <br />Development Director or his designee; and <br />83 <br />