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9. CONSTITUTIONAL OFFICERS AND GOVERNMENTAL <br />AGENCIES - NONE <br />10. PUBLIC ITEMS <br />10.A. PUBLIC HEARING(S) <br />10.A.1. REQUEST FOR APPROVAL OF AN ORDINANCE ESTABLISHING AN <br />ALTERNATIVE METHOD OF SELLING REAL PROPERTY THROUGH THE <br />NEIGHBORHOOD STABILIZATION PROGRAM (NSP) (QUASI JUDICIAL / <br />LEGISLATIVE) <br />PROOF OF PUBLICATION OF ADVERTISEMENT FOR HEARING IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />Community Development Director Robert Keating reviewed his memorandum dated <br />April 23, 2012, providing description, conditions, and analysis regarding the proposed ordinance <br />and how it would establish an alternative property disposition process for Neighborhood <br />Stabilization Program (NSP) properties only. He reported that the Indian River County Housing <br />Authority (HA) recently notified the County that it is terminating its NSP agreement with the <br />County, and since staff had been and currently is administering the program, it will not be a <br />problem, except with the issue that Florida Statute Chapter 125.35 requires that any sale of <br />County owned property be through a competitive bid process. However, Counties may structure <br />an alternative to the competitive bid process if they do so by Ordinance. He reviewed the <br />proposed ordinance and said it would meet the requirements of Chapter 125.35 to establish an <br />alternative process to the competitive bid requirement that the County is mandated to have. <br />Responding to questions from the Board, Director Keating explained how his department <br />would be managing the aspects of NSP and the criteria for purchasing foreclosed properties. <br />May 1, 2012 11 <br />MC 142 PG 384 <br />