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RESOLUTION NO. 75-8 A RESOLUTION SANCTIONING A CITY - COUNTY COORDINATI14G COMMITTEE FOR LOW AND MODERATE INCOME HOUSING; ENUMERATING THE FUNCTIONS AND AUTHORITY OF SAID COMMITTEE; APPOINTING MEMBERS OF THE EXISTING TASK FORCE COMMITTEE FOR LOW COST HOUSING AS MEMBERS OF THE COM- MITEE WHEREAS, the need for the purchase or rental of low cost housing in the City of Vero Beach and Indian River County, Florida, is acute, resulting in extreme hardship for low and medium income employees and their families; and WHEREAS, the lack of low cost housing discourages industry from locating in the City of Vero Beach and Indian River County; and WHEREAS, the economy of the aforementioned area is experiencing a recession and a clear and present need exists to stimulate the building industry, whereby jobs would be created and a flow of money would be realised by the business community; and WHEREAS, the City Council of the City of Vero Beach, by Resolution No. 2590, established a Task Force Committee for Low Cost Housing, the membership of which includes a representative of each of the following agencies: The Indian River County Commission; the Vero Beach City Council, a commercial bank, a savings and loan association, the Associated General Contractors, Piper Aircraft Company, the Chamber of Commerce, and the Board of Realtors; and WHEREAS, the Task Force Committee for Low Cost Housing as above mentioned, has met and voted to have the City of .- r Vero Beach and Indian River County, Florida pass resolutions renaming the Committee to the City - County Coordinating Committee for Low and Moderate Income Housing and in said Resolution to briefly state the functions of the Committee and to provide same with authority to investigate available Federal grants and other sources of revenue necessary to carry out the objectives of the Committee; ` ..