HomeMy WebLinkAbout1980-074i RESOLUTION NO. 80-74
WHEREAS, the Board of County Commissioners of Indian
River County is presently constituted as the Indian River
County Housing Agency and in the capacity of such housing
agency has previously made application to the State of Florida,
Department of Community Affairs, Rural Housing Land Acquisition
Site Development Fund for a loan from the Department of Community
Affairs as provided in Florida Statutes, Chapter 420, Part
13 (1979), to assist the Indian River County Housing Agency in
acquiring land, planning, designing and constructing building
'sites for housing for persons of low or moderate income; and
WHEREAS, the Indian River County Board of County Commis-
sioners acting as the Indian River County Iiousing Agency by
;'this resolution intends to transfer its funding reservations
Ito authorize the Indian River County Mousing Authority to make
'application to the State of Florida, Department of Community
Affairs, Rural Housing Land Acquisition Site Development Fund
for a loan from the department as provided in Florida Statutes,
Chapter 420, Part 3 (1979), to assist the Indian River County
..Housing Authority in acquiring land, planning, designing and
constructing building sites for housing for persons of low or
moderate income; and
WHEREAS, the Indian River County Housing Authority
is in accord with County Resolution 79-44 which determined that
a need for approximately 100 units of such housing exists as
evidence by an inventory of housing needs, and survey responses
conducted during 1977-1978; and
WHEREAS, the Indian River County Iiousing Authority
anticipates developing residential building sites in Indian
River County, .Florida, requiring a loan from the Department
,of Community Affairs in the amount of. $400,000600; and
WHEREAS, the Indian River County riousing Authority
:'and the Indian River County Agency has determined that funds
,:are or will be available for the construction, maintenance or
I support of such housing as evidenced by Exhibit "2" which was
':iattached to County Resolution 79-44; and
v
WHEREAS, the Indian River County Housing Authority
has determined that a loan for land acquisition and development
cannot be obtained from private lenders on terms and conditions
that the Indian River County Housing Authority can reasonably
be expected to meet as evidenced by Exhibit "3" w:.ich was attached
to County Resolution 79-44; and
WHEREAS, this resolution is adopted for the purposes
of allowing the Indian River County Housing Authority to make
application to the Department for the purpose of obtaining such
a loan;
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, as follows:
That the Indian River County Housing Authority has
legal authority to execute a loan agreement with the Department
as contemplated by this resolution.
That the Indian River County Housing Authority will
comply with Florida Statutes, Chapter 420, Part 3 (1979), and
all rules and regulations of the Department of Community Affairs
and such Federal, State or local agencies that are concerned
with the development and sale of the proposed project, and this
application, and will furnish all information required by the
rules and regulations of the Department of Community Affairs.
That the Indian River County Housing Authority will
apply and use any funds borrowed from the Department of Community
Affairs to acquire, plan, design and construct improvements
on the land acquired.
The following officers of the Indian River County
Housing Authority will be authorized to represent the Indian
River County Housing Authority with the Department of Community
Affairs on behalf of the Indian River County Housing Authority;
J. B. Egan, IIT; Chairman and Edward J. Regan, Executive
Director of Indian River County Housing Authority, 800 - 20th
Place, Suite 3, Vero Beach, Florida 32960.
This resolution shall take effect immediately.
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Adopted: July .30, 1980
BOARD OF COUNTY COMMISSIONERS
OF INDIAN RIVER COUNTY, FLOR-JA
By