HomeMy WebLinkAbout1995-023RESOLUTION NO. 95- 23
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN
RIVER COUNTY, FLORIDA AUTHORIZING THE COMMUNITY DEVELOPMENT
DIRECTOR OR HIS DESIGNEE TO REVIEW AND APPROVE LOCAL HOUSING
ASSISTANCE PROGRAM MORTGAGE ASSIGNMENT AND LOAN ASSUMPTION
AGREEMENTS
WHEREAS, Chapter 420, Florida Statutes, describes the State
Housing Initiative Partnership Program (SHIP), which has been
established to increase the amount of affordable housing within the
State of Florida; and
WHEREAS, On April 6, 1993, the Indian River County Board of
County Commissioners approved ordinance number 93-13, establishing
the Indian River County Local Housing Assistance Program; and
WHEREAS, on April 6, 1993, the Indian River County Board of
County Commissioners adopted the Indian River County Local Housing
Assistance Plan; and
WHEREAS, according to Rule 9I-37.005(2), Florida
Administrative Code, each Local Government had to submit a new
Local Housing Assistance Plan by May 2, 1994, to be eligible for FY
1994-95 SHIP funding; and
WHEREAS, on April 5, 1994, the Indian River County Board of
County Commissioners approved a revised Local Housing Assistance
Plan; and
WHEREAS, on August 29, 1994, the Florida Housing Finance
Agency approved the county's revised plan; and
WHEREAS, the Indian River County Local Housing Assistance
Program provides low interest loan assistance to very low income,
low income, and certain moderate income households; and
WHEREAS, non-profit organizations may be eligible sponsors to
receive SHIP loans, sign county mortgage documents and promissory
notes, and build housing units; and
WHEREAS, non-profit organizations must transfer ownership of
assisted housing units to eligible households, and new owner
households must sign mortgage assignment and loan assumption
agreements and assume all responsibilities to pay back county SHIP
loans when the assisted unit is sold; and
WHEREAS, the Board of County Commissioners must consent in
writing to any Local Housing Assistance Program mortgage assignment
and loan assumption agreement or designate a member of the staff to
review and approve mortgage assignment and loan assumption
agreements;
NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners
of Indian River County, Florida that:
Section 1.
The above recitals are ratified in their entirety.
Section Z.
The Board of County Commissioners authorizes the Community
Development Director or his designee to review and approve the
Local Housing Assistance Program mortgage assignment and loan
assumption agreements.
The foregoing resolution was offered by Commissioner
-agert , and seconded by Commis a ioner _ Tiin , and
being put to a vote, the vote was as follows:
Chairman Kenneth R. Macht Absent
Vice Chairman, Fran B. Adams Aye
Commissioner Richard N. Bird Aye
Commissioner Carolyn K. Eggert Aye
Commissioner John W. Tippin Aye
The Chairman thereupon declared the resolution duly passed and
adopted this 7 day of Februaryl995.
Board of County Commissioners
of �Inddian River County
By: y'!Q
Fran B. Adams, Vire Chairman
Attisit_ by:
Jeffioi -
Parton,
Clerk
APPRO/V'ED AS TO FOnRM AND LEGAL SUFFICIENCY
BY: �'=l C�- '�.�
William G. Collins, II
ayi Nn�� CLL '— -
Deputy County Attorney 10A. in. Approved Do
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