10/2/2001 - Laserfiche WebLink

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fa f3%JW k € f. �- x, ? e N r' °� cYk "� c �+ vz:. : 4 ,;az x, + +• t t ek tir J Yom. 4 l,e,; k k . , - ; k 3 .. r � . , ,F. yz { f r`s �X �. r a "iF;-'"X WHEREAS , the Authority has indicated that it expects to issue its Single Family Mortgage Revenue Bonds , Series 2002 (Multi- County Program) (the " Escambia Bonds" or the `Bonds") in a principal amount not exceeding $ 150 , 000 , 0001 exclusive of any amounts required for refunding purposes ; and WHEREAS , the Indian River Board desires to authorize certain actions as necessary in connection with participation in the Program and the issuance , sale , authentication and delivery of the Bonds by entering into an Interlocal Agreement , dated as of October 2 , 2001 (the "Interlocal Agreement" ) ; and WHEREAS , Section 147 (f) of the Internal Revenue Code of 1986 , as amended (hereinafter referred to as the " Code") requires public approval of certain private activity bonds and the Plan therefor by an applicable elected representative or governmental unit following a public hearing and the Indian River Board constitutes an applicable elected representative or governmental unit ; and WHEREAS , pursuant to Section 147 (f) of the Code a public hearing was scheduled before the Indian River Board on behalf of the Indian River Board , the Escambia Board and the Authority for October 2 , 2001 , at 9 : 00 a . m . and notice of such hearing was given in the form required by the Code by publication more than fourteen ( 14 ) days prior to such hearing; and WHEREAS , the Indian River Board , has on October 2 , 2001 , held the public hearing and provided at such hearing reasonable opportunity for all interested individuals to express their views , both orally and in writing , on the issuance of the Bonds ; and WHEREAS , the Indian River Board diligently and conscientiously considered all comments and concerns expressed by such individuals ; and WHEREAS , the Indian River Board desires to express its approval of the action to be taken pursuant to the Enabling Resolution and the Act , and as required by Section 147 (f) of the Code ; NOW THEREFORE , BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY , FLORIDA: Section 1 . Because of the continuing shortage of affordable single family housing and capital for investment therein in Indian River County and the continuing impediments to a bond issue to alleviate such shortages as to single family housing , it _ is hereby determined that the Indian River Board consents to the Authority exercising } its powers to issue the Bonds and to implement a plan of finance to provide capital c�J from sources of funds available to the Authority , including but not limited to a portion of the proceeds of the Bonds , and proceeds of obligations refunded by the Bonds , to establish a program to finance Mortgage Loans for single family housing within the _ statutory boundaries of Indian River County (" Mortgage Loans" ) ; provided , that the t n Authority and Indian River County first enter into a written agreement setting forth W the powers , duties and limitations of the Authority as they pertain to the use of said m MCL-09 / 04 / 01 - 6472 - indrivres October 2 , 2001 64 rw