HomeMy WebLinkAbout1993-074{ T -
RESOLUTION NO. 93- 74
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
INDIAN RIVER COUNTY, FLORIDA, SETTING A MAXIMUM AND
AVERAGE STATE HOUSING INITIATIVES PARTNERSHIP (SHIP)
INVESTMENT PER HOUSING UNIT.
WHEREAS, Chapter 420.9075(3)(1), Florida Statutes, requires
the County to set an average cost and maximum cost of SHIP funds
per housing unit that may be invested through the Indian River
County Local Housing Assistance Program; and
WHEREAS, the County has studied and is familiar with the uses
of SHIP funds and other funds it has available for housing; and
WHEREAS, it has been deemed necessary to invest a maximum of
Fifteen Thousand Dollars ($15,000.00) of SHIP funds per housing
unit; and
WHEREAS, it has also been deemed necessary that the average
cost per housing unit will be Five Thousand Dollars ($5,000.00) of
SHIP funds per housing unit for Impact Fee Grants, an average
amount of Seven Thousand Two Hundred Fifty Dollars ($7,250.00) of
SHIP funds per housing unit for Impact Fee Loans, an average of
Five Thousand Dollars ($5,000.00) of SHIP funds per housing unit
for Downpayment/Closing Cost Loans, an average of Ten Thousand
Dollars ($10,000.00) of SHIP funds per housing unit for Land
Acquisition Loans, and an average of Seven Thousand Five Hundred
Dollars ($7,500.00) of SHIP funds per housing unit for
Rehabilitation Loans.
NOW, THEREFORE BE IT RESOLVED by the Board of County
Commissioners of Indian River County, Florida, that a maximum of
Fifteen Thousand Dollars ($15,000.00) of SHIP funds will be
invested in any one unit, that the estimated average cost per unit
will be Five Thousand Dollars ($5,000.00) for Impact Fee Grants, an
average amount of Seven Thousand Two Hundred Fifty Dollars
($7,250.00) for Impact Fee Loans, and average amount of Five
Thousand Dollars ($5,000.00) for Downpayment/Closing Cost Loans, an
average amount of Ten Thousand Dollars ($10,000.00) for Land
Acquisition Loans, and an average amount of Seven Thousand Five
Hundred Dollars ($7,500.00) for Rehabilitation Loans per housing unit.
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RESOLUTION NO. 93- 74
The foregoing resolution was offered by Commissioner Eagert
_ and seconded by Commissioner Adams and, being put to a vote,
the vote was as follows:
_ Chairman, Richard N. Bird
Vice Chairman, John W. Tippin Amp
Commissioner Kenneth R. Macht Amp
Commissioner Carolyn Eggert Aye_
Commissioner Fran B. Adams Amp
The Chairman thereupon declared the resolution duly passed and
adopted this Ath day ofAnril , 1993.
INDIAN RIVER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONERS
T t By:
Richard N. Bird, Chairman
Jeffrey',. Bar, d' C41erk
.ry ...
APPROVED AS TO FORM
AND LEGAL SUFF�CY:
William G. Collins, II
Deputy County Attorney
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