HomeMy WebLinkAbout1979-17ORDINANCE NO. 79-17
ORDINANCE CREATING THE HOUSING FINANCE AUTHORITY OF
INDIAN RIVER COUNTY, FLORIDA; PROVIDING A DECLARATION
OF NEED; PROVIDING FOR THE EXERCISE OF ALL POWERS
AUTHORIZED BY THE FLORIDA HOUSING FINANCE AUTHORITY
LAW; PROVIDING FOR OPERATIONS WITHIN AND WITHOUT THE
COUNTY; PROVIDING FOR THE ISSUANCE OF REVENUE BONDS;
PROVIDING FOR THE ORGANIZATION OF THE AUTHORITY; PRO-
VIDING FOR THE APPOINTMENT OF MEMBERS; PROVIDING FOR
THE ALTERATION OF THE AUTHORITY'S ACTIVITIES BY THE
COUNTY; PROVIDING SEVERABILITY, INCLUSION IN THE CODE
AND AN EFFECTIVE DATE.
WHEREAS, the Legislature of the State of Florida enacted the "Florida
Housing Finance Authority Law", codified as Chapter 78-89, Laws of Florida,
(the "Act") during the legislative session held during 1978, in which the Leg-
islature found and declared that:
(1) Within this state there is a shortage of housing
available a' prices or rentals which many per-
sons and families can afford and a shortage of
capital for investment in such housing. This
shortage constitutes a threat to the health,
safety, morals, and welfare of the residents of
the state, deprives the state of an adequate tax
base, and causes the state to make excessive ex-
penditures for crime prevention and control,
public health and safety, fire and accident pro-
tection, and other public services and facili-
ties.
(2) Such shortage cannot be relieved except through
the encouragement of investment by private en-
terprise and the stimulation of construction and
rehabilitation of housing through the use of
public financing.
The financing, acquisition, construction, recon-
struction, and rehabilitation of housing and of
the real and personal property and other facili-
ties necessary, incidental, and appurtenant
thereto are exclusively public uses and purposes
for which public money may be spent, advanced,
loaned, or granted and are governmental func-
tions of public concern; and
(3)
WHEREAS, the Act authorizes each county in the state to create by ordi-
nance a separate public body corporate.and politic to be known as the "Housing
Finance Authority" of the county for which it was created; and
WHEREAS, pursuant to the Act, a housing finance authority may not trans-
act any business or exercise any powers under the Act until the governing body
.of the county for which such housing finance authority is created passes a
'resolution declaring the need for a housing finance authority to function to
alleviate a shortage of housing and capital for investment in housing in its
STATE OF FLORIDA
area of operation; and INDIAN RIVER COUNTY
THIS IS TO CERTIFY THAT THIS IS
A TRUE AND CORRECT COPY OF
THE ORIGINAL ON FILE IN THIS
OFFICE.
FREDA/oWRRIIGH�T,,CLERK
//
BY {'• , a2J "GHp, D.C.
DATE