HomeMy WebLinkAbout1979-044RESOLUTION NO. 79-44
A RESOLUTION OF THE INDIAN RIVER COUNTY
HOUSING AGENCY, INDIAN RIVER COUNTY,
FLORIDA, REQUESTING CONSIDERATION FOR
INCLUSION IN THE FLORIDA RURAL HOUSING
LAND ACQUISITION AND SITE DEVELOPMENT
ASSISTANCE PROGRAM ADMINISTERED BY THE
STATE OF FLORIDA, DEPARTMENT OF COMMUNITY
AFFAIRS
WHEREAS, Indian River County, (Hereinafter referred to as
the APPLICANT) wishes to make application to the State of Florida,
Department of Community Affairs (hereinafter referred to as the
DEPARTMENT) Rural Housing Land Acquisition Site Development Fund
for a loan from the Department as provided in Chapter 74-168 Laws
of Florida, to assist the Applicant in acquiring land, planning,
designing and constructing building sites for housing for persons
of low or moderate income; and
WHEREAS, the Applicant has determined that a need for
approximately 100 units of such housing exists, and, as evidenced
by an inventory of housing needs, and survey responses conducted
during 1977-1978 (Exhibit I)J and
WHEREAS, the Applicant anticipates developing residential
building sites in Gifford, Florida, requiring a loan from the
Department in the amount of $400,000.00; and
WHEREAS, the Applicant has determined that funds are or will
be available for the construction, maintenance or support of such
housing as evidenced by the attached Exhibit 2; and
WHEREAS, the Applicant has determined that a loan for land
acquisition and development cannot be obtained from private lenders
on terms and conditions that Applicant can reasonably be expected
to meet (Exhibit 3); and
WHEREAS, this Resolution is adopted for the purpose of
making application to the Department for the purpose of obtaining
such a loan;
NOW, THEREFORE, be it resolved by the Indian River County
Housing Agency as follows:
r : . It
Section 1. The Applicant has legal authority to
execute a Loan Agreement with the Depart-
ment as contemplated by this Resolution.
Section 2. The Applicant will comply with Chapter
74-168, Laws of Florida, and all Rules
and Regulations of. the Department and
such other Federal, State, or local
agencies that are concerned with the
development and sale of proposed project,
and this Application will furnish all
information required by the Rules and
Regulations of the Department.
Section 3. The Applicant will apply and use any
funds borrowed from the Department to
acquire, plan, design and construct
improvements on the land described
herein.
Section 4. The following officers of the Applicant
and their address namely:
Community Development Director and
William C. Wodtke, Chairman
Board of County Commissioners
2121 - 14th Avenue, Vero Beach,
Florida, 32960
are hereby authorized to represent the
Applicant with the Department on behalf
of the Applicant.
Section 5. This Resolution shall take effect
immediately.
PASSED AND DULY ADOPTED this_9th day ofMay , 1979.
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY FLORIDA
GucRM•t W _
Ch man
ATTEST:
FREDA WRIGHT, Clerk, Circuit Court
Ex -Officio Clerk, Board of County
Commissioners of Indian River County,
Florida.
Byr-h��% '
Clerk.
4APP OVED A F R ANDnCUTION:
I "r J 't
e e . Collins, Jr., Co my Attorney
Date: nA__' �G71g