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The attached Interlocal Agreement is needed to keep the Walker Avenue Club Ltd. bond <br />allocation open and for Florida Housing Finance Corporation (FHFC) to commence bond <br />validation on behalf of itself and Indian River County. The County's bond counsel drafted and <br />received the interlocal documents. <br />Recommendations: <br />Staff recommends the Board of County Commissioners approve the Interlocal Agreement <br />and authorize the Chairman to sign all necessary documents. <br />ON MOTION by Commissioner Macht, <br />SECONDED by Commissioner Stanbridge, the <br />Board, by a 4-0 vote (Vice Chairman Ginn absent) <br />unanimously approved the Interlocal Agreement with <br />Florida Housing Finance Corporation for Walker <br />Avenue Club, Ltd. Multi -Family Revenue Bonds and <br />authorized the Chairman to sign all necessary <br />documents, as recommended by staff. <br />AUGUST 8, 2000 <br />AGREEMENT IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />OX 114 PG 472 <br />-18- <br />0 0 <br />