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a� ��yy aTgP'r BOOK .�Ll.� u � j'_1 attached pages of the Local Housing Assistance Plan, additions are shown as underlined, and deletions are shown asnt3FIke- thL%. Section 3. The Board of County Commissioners directs staff to submit two copies of the Indian River County Local Housing Assistance Plan to the Florida Housing Finance Corporation by certified mail. A minimum of one of the two copies shall bear the original signature of the authorized official. Section 4. The county shall continue utilizing ten percent (10%) of available SHIP funds for administration of the SHIP program. Section 5. The county's maximum assistance from SHIP funds will be thirty-nine thousand dollars ($39,000.00) per unit, and the average assistance will be fourteen thousand dollars ($14,000) per unit. Section 6. The following table indicates the average and maximum per unit SHIP funds allowable for each strategy: STRATEGY AVERAGE LOAN AMOUNT MAXIMUM LOAN AMOUNT Impact Fee Grant 51000.00 7,500.00 Impact Fee Loan 51000.00 7,500.00 Downpayment/Closing 10,000.00 15,000.00 Cost Loan Rehabilitation Loan 14,000.00 20,000.00 Rehabilitation Grant 14,000.00 20,000.00 Land Acquisition 7,500.00 10,000.00 Loan Land Bank -Market 7,500.00 10,000.00 Purchase Loan Land Bank -Tax Deed 7,500.00 10,000.00 Purchase Loan The foregoing resolution was offered by Commissioner Eggert , and seconded by Commissioner Adams and being put to a vote, the vote was as follows: Chairman, John W. Tippin Aye - Vice Chairman, Kenneth.R. Macht Aye Commissioner, Caroline D. Ginn Ay e Commissioner, Carolyn K. Eggert •A -re _ - — Commissioner, Fran B. Adams Aye SEPTEMBER 1, 1998 -90- I