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Indian River County would be sharing the allocation with St. Lucie County, which we have done <br />in the past. With St. Lucie County and Indian River County participating in the same program, <br />local participating lenders can move the money between counties after the first 120 days of the <br />program. Escambia Housing Authority is requesting that we waive the $1,000 administrative fee <br />plus the .5% of the face value of the bonds (.5% up to a maximum of $10,000) because this will <br />be passed on to the lending institutions and then eventually to the person attempting to obtain the <br />loan. <br />Indian River County must hold a TEFRA (Tax Equity Fiscal Responsibility Act) public hearing <br />and pass a resolution. Escambia Housing Authority would like to hold the TEFRA hearing on <br />Tuesday, October 3, 2000. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners waive the fees and approve <br />advertising the TEFRA public hearing for Tuesday, October 3, 2000. <br />ON MOTION by Vice Chairman Ginn, SECONDED BY <br />Commissioner Stanbridge, the Board unanimously waived the <br />fees and approved advertising the TEFRA public hearing for <br />Tuesday, October 3, 2000, as recommended in the <br />memorandum. <br />7.M. GHA Harbor Island, Ina - Final Plat Approval forHarbor <br />Island Grand Harbor Plat 23 - Contract for Construction of <br />Remaining Improvements and Cash Escrow Agreements <br />The Board reviewed a Memorandum of August 29, 2000: <br />September 5, 2000 <br />34 <br />8 114 PG 7 68 <br />• • <br />