HomeMy WebLinkAbout2018-108 RESOLUTION 2018- 108
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 Orange Blossom Village,
LLLP, a Florida 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 80 units known
as the Orange Blossom Apartments, located at 3300 12th Court, Vero Beach, Florida 32960 (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.
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.
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RESOLUTION 2018- 108
This resolution was moved for adoption by Commissioner Adams , and the motion
was seconded by Commissioner Zorc , and, upon being put to a vote, the vote was as
follows:
Chairman Peter D. O'Bryan AYE
Vice Chairman Bob Solari AYE
Commissioner Susan Adams AYE
Commissioner Joseph E. Flescher Absent
•
Commissioner Tim Zorc AYE
The Chairman thereupon declared the resolution duly passes and adopted this 6th day of
November , 2018.
BOARD OF COUNTY COMMISSIONERS
INDIAN RIVER COUNTY, FLORIDA .•••••••
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Peter D. O'Bryan, Chai nflan • •rx,I;°,
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ATTEST: Jeffrey ' . Smith
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cou1, -Y ATTOfiNtY
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