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CI1��K i 0b <br />Section 6. <br />The following table indicates the average and maximum per unit <br />SHIP funds allowable for each strategy: <br />STRATEGY <br />AVERAGE LOAN AMOUNT <br />MAXIMUM LOAN AMOUNT <br />Impact Fee Grant <br />5,000.00 <br />7,500.00 <br />Impact Fee Loan <br />5,000.00 <br />7,500.00 <br />Downpayment/Closing <br />10,000.00 <br />15,000.00 <br />Cost <br />Rehabilitation <br />14,000.00 <br />20,000.00 <br />Land Acquisition <br />7,500.00 <br />10,000.00 <br />Land Bank -Market <br />7,500.00 <br />10,000.00 <br />Purchase <br />Land Bank -Tax Deed <br />7,500.00 <br />10,000.00 <br />Purchase <br />The foregoing resolution was offered by CommissionerGinn , <br />and seconded by Commissioner dame , and being put to a vote, <br />the vote was as follows: <br />Chairman, John W. Tippin Aye <br />Vice Chairman, Kenneth R. Macht Aye <br />Commissioner, Caroline D. Ginn Ay -a <br />Commissioner, Carolyn K. Eggert Aye <br />Commissioner, Fran B. Adams Aym <br />The Chairman thereupon declared the resolution duly passed and <br />adopted this 14th day of July, 1998. <br />Board of County Commissioners <br />of Indian River County <br />By: <br />hn W. Tip in, Chairman <br />est by: <br />Jeffrey K. Barton, <br />Cl kIC <br />. <br />APPROVED AS TO FORM AND LEGAL SUFFICIENCY <br />sY: .S <br />William G. Collins, II <br />Deputy County Attorney <br />u\v\h\housing.res <br />July 14, 1998 <br />0 0 <br />