3/6/2001 - Laserfiche WebLink

Home Browse Search

requesting 51,500.000 from the local Industrial Revenue Bond allocation to be used in conjunction with S9.951,977 requested from Florida Housing Financing Corporation. Staff has received the Industrial Revenue Bond Application. In order for The Palms at Vero Beach Limited Partnership to be able to issue Industrial Revenue Bonds, Indian River County must hold a TEFRA (Tax Equity Fiscal Responsibility Act) public hearing. Staff had requested permission to hold a TEFRA hearing on Tuesday, December 12, 2000. The Board of County Commissioners deferred the TEFRA hearing until the planning staff could do an affordable housing analysis. At the meeting of February 13. 2001 the planning staff presentation showed a need for low income housing. Recommendation Staff recommends the Board of County Commissioners approve holding the TEFRA Public Hearing on Tuesday, Aprilir, 2001. 5 ON MOTION by Commissioner Adams, SECONDED BY Vice Chairman Stanbridge, the Board unanimously (4-0, Commissioner Macht absent) approved holding the TEFRA Public Hearing on Tuesday, April 3, 2001, as recommended in the memorandum. 7.K. Miscellaneous Budget Amendment 012 The Board reviewed a Memorandum of February 26, 2001: TO: Members of the Board of County Commissioners DATE: SUBJECT: THROUGH: FROM: February 26, 2001 Miscellaneous Budget Amendment 012 Joseph A. Baird Assistant County Administrator C Jason E. Brown Budget Manager Description and Conditions The attached budget amendment is to appropriate funding for the following: 1. At County Commission meetings on January 9, 2001 and February 13, 2001, the Board of Commissioners approved paying for public official bonds for the Clerk of the Circuit Court and the Tax Collector, respectively. Funding in the amount of $2,549 will be provided by General Fund contingencies. March 6, 2001 36 BU I i 7 PG 295