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RESOLUTION NO. 79-44 <br />A RESOLUTION OF THE INDIAN RIVER COUNTY <br />HOUSING AGENCY, INDIAN RIVER COUNTY, <br />FLORIDA, REQUESTING CONSIDERATION FOR <br />INCLUSION IN THE FLORIDA RURAL HOUSING <br />LAND ACQUISITION AND SITE DEVELOPMENT <br />ASSISTANCE PROGRAM ADMINISTERED BY THE <br />STATE OF FLORIDA, DEPARTMENT OF COMMUNITY <br />AFFAIRS <br />WHEREAS, Indian River County, (Hereinafter referred to as <br />the APPLICANT) wishes to make application to the State of Florida, <br />Department of Community Affairs (hereinafter referred to as the <br />DEPARTMENT) Rural Housing Land Acquisition Site Development Fund <br />for a loan from the Department as provided in Chapter 74-168 Laws <br />of Florida, to assist the Applicant in acquiring land, planning, <br />designing and constructing building sites for housing for persons <br />of low or moderate income; and <br />WHEREAS, the Applicant has determined that a need for <br />approximately 100 units of such housing exists, and, as evidenced <br />by an inventory of housing needs, and survey responses conducted <br />during 1977-1978 (Exhibit I)J and <br />WHEREAS, the Applicant anticipates developing residential <br />building sites in Gifford, Florida, requiring a loan from the <br />Department in the amount of $400,000.00; and <br />WHEREAS, the Applicant has determined that funds are or will <br />be available for the construction, maintenance or support of such <br />housing as evidenced by the attached Exhibit 2; and <br />WHEREAS, the Applicant has determined that a loan for land <br />acquisition and development cannot be obtained from private lenders <br />on terms and conditions that Applicant can reasonably be expected <br />to meet (Exhibit 3); and <br />WHEREAS, this Resolution is adopted for the purpose of <br />making application to the Department for the purpose of obtaining <br />such a loan; <br />NOW, THEREFORE, be it resolved by the Indian River County <br />Housing Agency as follows: <br />