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It was determined that no one else wished to be heard and the Chairman closed the <br />public hearing. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Macht, the Board unanimously adopted <br />Resolution 97-145 authorizing the Escambia County Housing <br />Finance Authority to operate within the boundaries of Indian <br />River County; authorizing the Board to enter into agreements <br />with the Escambia County Housing Finance Authority and to <br />execute and deliver certain documents and instruments in <br />connection therewith; approving a form of interlocal agreement; <br />approving the issuance by the Escambia County Housing <br />Finance Authority of not exceeding $70,000,000 single family <br />mortgage revenue bonds, Series 1998 (multi -county program), <br />pursuant to Section 147(f) of the Internal Revenue Code of <br />1986, as amendment; and providing an effective date. <br />RESOLUTION NO. 97-145 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, <br />AUTHORIZING THE ESCAMBIA COUNTY HOUSING <br />FINANCE AUTHORITY TO OPERATE WITHIN THE <br />BOUNDARIES OF INDIAN RIVER COUNTY; AUTHORIZING <br />THE BOARD TO ENTER INTO AGREEMENTS WITH THE <br />ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY AND <br />TO EXECUTE AND DELIVER CERTAIN DOCUMENTS AND <br />INSTRUMENTS IN CONNECTION THEREWITH; APPROVING <br />A FORM OF INTERLOCAL AGREEMENT; APPROVING THE <br />ISSUANCE BY THE ESCAMBIA COUNTY HOUSING FINANCE <br />AUTHORITY OF NOT EXCEEDING $70,000,000 SINGLE <br />FAMILY MORTGAGE REVENUE BONDS, SERIES 1998 <br />(MULTI -COUNTY PROGRAM), PURSUANT TO SECTION <br />147(I) OF THE INTERNAL REVENUE CODE OF 1986, AS <br />AMENDED; AND PROVIDING AN EFFECTIVE DATE. <br />WHEREAS, Chapter 159, Part IV, Florida Statutes (the "Act") authorized counties to create <br />housing finance authorities to exercise powers of the Act within their boundaries or outside their <br />boundaries with the consent of the governing body of the territory outside their area of operation; and <br />WHEREAS, the Board of County Commissioners of Escambia County, Florida, on May 29, <br />1980, adopted Ordinance No. 80-12, by which it created the Escambia County Housing Finance <br />Authority (the "Authority") and authorized the Authority to exercise all powers under the Act; and <br />WHEREAS, there is no housing finance authority currently operating in Indian River County; <br />and <br />38 <br />December 9, 1997 <br />