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<br /> O© IN THE RECORDS OF
<br /> / 1 JEFFREY K . BARTON -
<br /> ✓� l CLERK CIRCUIT COURT
<br /> INDIAN RIVER CO. , FLA.
<br /> RESOLUTION NO , 2001 - 102 CD
<br /> A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF Q�
<br /> INDIAN RIVER COUNTY , FLORIDA, AUTHORIZING THE ESCAMBIA
<br /> COUNTY HOUSING FINANCE AUTHORITY TO OPERATE WITHIN THE
<br /> BOUNDARIES OF INDIAN RIVER COUNTY , FLORIDA, TO FINANCE
<br /> QUALIFYING SINGLE FAMILY MORTGAGE LOANS ON BEHALF OF
<br /> INDIAN RIVER COUNTY, FLORIDA; AUTHORIZING THE BOARD OF
<br /> COUNTY COMMISSIONERS TO ENTER INTO AGREEMENTS WITH
<br /> THE ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY AND TO
<br /> EXECUTE AND DELIVER CERTAIN DOCUMENTS AND INSTRUMENTS
<br /> IN CONNECTION THEREWITH ; APPROVING A FORM OF c
<br /> INTERLOCAL AGREEMENT ; APPROVING THE ISSUANCE BY THE c
<br /> ESCAMBIA COUNTY HOUSING FINANCE AUTHORITY OF NOT C
<br /> EXCEED $
<br /> EXCEEDING $ 15070007000 SINGLE FAMILY MORTGAGE REVENUE
<br /> BONDS , SERIES 2002 ( MULTI-COUNTY PROGRAM) , PURSUANT TO
<br /> SECTION 1470 OF THE INTERNAL REVENUE CODE OF 19862 AS
<br /> AMENDED ; PROVIDING THAT SUCH BONDS CONSTITUTE LIMITED ,
<br /> SPECIAL OBLIGATIONS ; AND PROVIDING AN EFFECTIVE DATE .
<br /> WHEREAS , Chapter 159 , Part IV , Florida Statutes , (the "Act") authorized
<br /> counties to create housing finance authorities to exercise powers of the Act within
<br /> their boundaries or outside their boundaries with the consent of the governing body of
<br /> the territory outside their area of operation ; and
<br /> WHEREAS , the Board of County Commissioners of Escambia County , Florida,
<br /> (the "Escambia Board" ) on May 29 , 1980 , adopted Ordinance No . 80 - 12 , by which it
<br /> created the Escambia County Housing Finance Authority (the "Authority" ) and
<br /> authorized the Authority to exercise all powers under the Act; and
<br /> WHEREAS , there is no housing finance authority currently operating in Indian
<br /> River County (" Indian River County" ) ; and
<br /> WHEREAS , pursuant to the Act , the Board of County Commissioners of Indian
<br /> River County , Florida, (the "Indian River Board") has found a shortage of affordable
<br /> housing and capital for investment therein and a need for a housing finance authority
<br /> to function in Indian River County ; and
<br /> WHEREAS , it is not practicable at this time under existing Florida and Federal
<br /> laws and regulations for a single local agency to issue its bonds for the purpose of
<br /> implementing a single family housing program , although the shortage of such single o�
<br /> family housing and capital for investment therein is continuing in Indian River _
<br /> County ; and
<br /> W
<br /> WHEREAS , the Authority by resolution duly adopted on June 13 , 2000 (the cn
<br /> " Enabling Resolution") , authorized a plan of finance (the " Plan" ) for the issuance from c
<br /> time to time of not exceeding $ 400 , 000 , 000 Single Family Mortgage Revenue Bonds cJl
<br /> (Multi- County Program) (the 'Program " ) ; and cJJ
<br /> J
<br /> couNTY ATTORNfrs OfF9a
<br /> INDIAN NVER COUWY
<br /> 1840 25th Sfreat 1
<br /> Vero 'BW���g1& _ifFW res
<br /> October 2 , 2001
<br /> 63
<br /> 08
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