HomeMy WebLinkAbout2018-058 RESOLUTION 2018 - 058
A RESOLUTION OF THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA,
APPROVING INDIAN RIVER COUNTY AS AN AREA OF
OPERATION FOR THE ESCAMBIA COUNTY HOUSING
FINANCE AUTHORITY WITH RESPECT TO THE FINANCING
OR REFINANCING BY THE AUTHORITY OF THE
ACQUISITION, UPGRADING, RECONDITIONING,
REHABILITATING, IMPROVING AND BEAUTIFYING OF A
MULTI-FAMILY HOUSING FACILITY LOCATED IN INDIAN
RIVER COUNTY; PROVIDING FOR REPEAL OF
CONFLICTING PROVISIONS; AND PROVIDING AN
EFFECTIVE DATE.
BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA,
SECTION 1. AREA OF OPERATION AUTHORITY.
Pursuant to Section 159.603, Florida Statutes, the Escambia County Housing Finance
Authority (the "Escambia Authority") previously has been granted area of operation permission
within Indian River County, Florida, for, the purpose of operating its TBA single-family
mortgage loan program and its mortgage credit certificate program. In addition, the Escambia
Authority is hereby granted area of operation authority, pursuant to Section 159.603, Florida
Statutes, to operate within Indian River County for the purpose of financing or refinancing the
costs of acquiring, upgrading, reconditioning, rehabilitating, improving and beautification by
Vero Beach Leased Housing Associates III, LLLP, a Minnesota limited liability limited
partnership, or its affiliate or subordinate corporation (as applicable, the "Company"), or a
limited liability company of which the Company is the managing member or a limited
partnership of which the Company is the general partner (as applicable, the "Borrower"), of an
existing multifamily rental housing facility presently containing 168 units to be known as the
Taylor Pointe Apartments (also known as the Lindsey Gardens Apartments/Phases I & II),
located at 4885 38th Circle, Vero Beach, Florida 32967 (the "Apartments"), to provide residential
rental housing facilities for persons of very low, low, middle, and moderate income.
SECTION 2. NO LIABILITY.
No portion of this Resolution shall be deemed to constitute a debt, liability or obligation
of or pledge of the faith and credit of Indian River County, Florida, the Escambia Authority, the
State of Florida, or any political subdivision thereof Financing or refinancing the Apartments
shall not directly, indirectly, or contingently, obligate the Escambia Authority, Indian River
County, Florida, the State of Florida, or any political subdivision thereof to levy or to pledge any
form of taxation whatsoever therefore, or to make any appropriation for the payment thereof.
RESOLUTION 2018 - 058
SECTION 3. REPEALING CLAUSE.
All resolutions or parts thereof of the Board in conflict with the provisions herein
contained are, to the extent of such conflict, hereby superseded and repealed.
SECTION 4. EFFECTIVE DATE.
The resolution was moved for adoption by Commissioner Solari , and the
motion was seconded by Commissioner Adams , and, upon being put to a vote, the vote was
as follows:
Chairman Peter D. O'Bryan AYE
Vice Chairman Bob Solari AYR
Commissioner Susan Adams AYR
Commissioner Joseph E. Flescher AYE
Commissioner Tim Zorc AYE
The Chairman thereupon declared the resolution duly passed and adopted this 19th day of June,
2018.
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BOARD OF COUNTY COMMISSIONERS :;.' •• •• . .••.6:10L
INDI IV R COUNTY, F ORIDA • ()• Fes•;
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By •
Peter D. O'Bryan,Cham n y; ;� r
ATTEST: Jeffrey R. Smith, Clerk APPROVED AS TO FORM
ofCourt a Comptroller� �llAND LEGAL SUFFICIENCY
a/06/
Deputy Clerk BY
DYLAN REINGOLD
COUNTY ATTORNEY