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• <br />9.A.3. PUBLIC HEARING - RESOLUTION NO. 2000-120 - TAX <br />EQUITY FISCAL RESPONSIBILITY ACT (TEFRA) HEARING - <br />ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY SINGLE- <br />FAMILY MORTGAGE REVENUE BONDS <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING <br />IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />The Board reviewed a Memorandum of September 22, 2000: <br />TO: Members of the Board of County Commissioners <br />DATE: September 22, 2000 <br />SUBJECT: TEFRA (TAX EQUITY FISCAL RESPONSIBILITY ACT) HEARING <br />ESCAM 31A COUNTY HOUSING FINANCE AUTHORITY <br />SINGLE FAMILY MORTGAGE REVENUE BONDS <br />FROM: Joseph A. Baird <br />Assistant County Administrator <br />The Board of County Commissioners at its regular meeting of September 5, 2000, approved <br />holding a TEFRA (Tax Equity Fiscal Responsibility Act) hearing to enable Escambia Housing to <br />apply for District 9B Industrial Bond Allocation from the State. This will allow the Escambia <br />County Housing Finance Authority to issue Single Family Mortgage Revenue Bonds Series in an <br />amount not to exceed $100,000,000. <br />Following the Public Hearing, if the Board of County Commissioners wishes to grant Escambia <br />Housing the ability to apply for the Industrial Revenue Bond Allocation in District 9B, the Board <br />must approve the Resolution, Interlocal Agreement and authorize the Chairman and staff to sign <br />all necessary documents. <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve the Resolution, Interlocal <br />Agreement and authorize the Chairman to sign all necessary documents. <br />ATTACHMENTS <br />Notice of TEFRA Hearing <br />Summary of Program <br />Resolution & Interlocal Agreement (Exhibit A) <br />Notice of Intent to Issue Bonds and Request for Written Confirmation <br />October 3, 2000 <br />79 <br />• <br />I <br />