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by the Florida Housing Finance Corporation of its <br />multifamilyhousingrevenuebonds(WalkerAvenue <br />Apartments Project) in the aggregate principal <br />amount of not -to -exceed $9,100,000 on behalf of <br />itself and Indian River County to provide funds to <br />finance a multi -family housing project.) <br />RESOLUTION NO. 99- 122 <br />RESOLUTION EXPRESSING THE INTENT OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA TO PROCEED IN <br />CONJUNCTION WITH THE FLORIDA HOUSING FINANCE CORPORATION <br />WITH THE FINANCING OF A MULTIFAMILY RESIDENTIAL RENTAL <br />HOUSING PROJECT THROUGH THE ISSUANCE BY FLORIDA HOUSING <br />FINANCE CORPORATION ON BEHALF OF ITSELF AND INDIAN RIVER <br />COUNTY OF ITS NOT TO EXCEED $9,100,000 MULTIFAMILY HOUSING <br />REVENUE BONDS FOR THE BENEFIT OF WALKER AVENUE CLUB, LTD.; <br />A FLORIDA LIMITED PARTNERSHIP; APPROVING THE ISSUANCE BY THE <br />FLORIDA HOUSING FINANCE CORPORATION OF ITS MULTIFAMILY <br />HOUSING REVENUE BONDS (WALKER AVENUE APARTMENTS PROJECT) <br />IN THE AGGREGATE PRINCIPAL AMOUNT OF NOT TO EXCEED $9,100,000 <br />ON BEHALF OF ITSELF AND INDIAN RIVER COUNTY TO PROVIDE FUNDS <br />TO FINANCE A MULTIFAMILY HOUSING PROJECT; AND PROVIDING AN <br />EFFECTIVE DATE <br />WHEREAS, the Florida Housing Finance Corporation ("Florida Housing") is a public body <br />corporate and politic, duly organized and existing under the provisions of Chapter 420, Florida <br />Statutes, as amended and supplemented; and <br />WHEREAS, Walker Avenue Club, Ltd., a Florida limited partnership (the "Developer"), has <br />requested the Board of County Commissioners (the "Board") of Indian River County, Florida (the <br />"County") to apply on behalf ofthe Developer for an allocation of bond volume in a principal amount <br />of not to exceed $1,600,000, to be used by Florida Housing in combination with Florida Housing's <br />bond volume allocation in an amount not to exceed $7,500,000, in one or more series, and issue <br />NOVEMBER 16, 1999 BOOK ih P,% -E <br />-63- <br />