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PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Elbert Jones, Jr., CEO, Escambia County Housing Finance Authority (the Housing <br />Finance Authority), thanked the Board for partnering with the Housing Finance Authority since <br />1991, and encouraged them to continue to participate by signing the proposed Interlocal <br />Agreement and Resolution. He discussed past loans that the Housing Finance Authority has <br />made to first-time homeowners in Indian River County, and reported that three loan companies <br />are currently participating in the program, with a fourth lender pending. <br />Chairman Flescher acknowledged that the program is mutually beneficial to both <br />counties. <br />The Chairman opened the Public Hearing; there were no speakers, and the Chairman <br />closed the Public Hearing. <br />ON MOTION by Commissioner Solari, SECONDED by <br />Chairman Flescher, the Board unanimously approved: (1) <br />Resolution 2013-110, authorizing the Escambia County <br />Housing Finance Authority to operate within the <br />boundaries of Indian River County, Florida, and approving <br />a plan to finance single-family mortgage loans on behalf <br />of Indian River County, Florida; authorizing the Board of <br />County Commissioners to enter into agreements with the <br />Escambia County Housing Finance Authority and to <br />execute and deliver certain documents and instruments in <br />connection therewith; approving a form of interlocal <br />agreement; approving the issuance of the Escambia <br />County Housing Finance Authority of not exceeding <br />$150,000,000 single family mortgage revenue bonds, <br />BK 144 PG 460 <br />October 15, 2013 7 <br />