Fort Walton Beach Resolution — 2011-20--SHIP Program FY 10-13 — reading text

RESOLUTION 2011 -20 A RESOLUTION OF THE CITY OF FORT WALTON BEACH, FLORIDA, APPROVING THE REVISED LOCAL HOUSING ASSISTANCE PLAN FOR FISCAL YEARS 2010 THROUGH 2013, AS AMENDED, AS REQUIRED BY THE STATE HOUSING INITIATIVES PARTNERSHIP PROGRAM ACT, SUBSECTIONS 420.907- 420. 9079, FLORIDA STATUTES; AND RULE CHAPTER 67 -37, FLORIDA ADMINISTRATIVE CODE; AUTHORIZING AND DIRECTING THE MAYOR TO EXECUTE ANY NECESSARY DOCUMENTS AND CERTIFICATIONS NEEDED BY THE STATE; AUTHORIZING THE SUBMISSION OF THE LOCAL HOUSING ASSISTANCE PLAN FOR REVIEW AND APPROVAL BY THE FLORIDA HOUSING FINANCE CORPORATION; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the State of Florida enacted the William E. Sadowski Affordable Housing Act, Chapter 92 -317 of Florida Sessions Laws, allocating a portion of documentary stamp taxes on deeds to local governments for the development and maintenance of affordable housing; and WHEREAS, the State Housing Initiatives Partnership ( SHIP) Act, ss. 420. 907- 420.9079, Florida Statutes ( 1992), and Rule Chapter 67 -37, Florida Administrative Code, requires local governments to develop a one- to three -year Local Housing Assistance Plan outlining how funds will be used; and WHEREAS, the SHIP Act requires local governments to establish the maximum SHIP funds allowable for each strategy; and WHEREAS, the SHIP Act further requires local governments to establish an average area purchase price for new and existing housing benefiting from awards made pursuant to the Act; the methodology and purchase prices used are defined in the attached Local Housing Assistance Plan; and WHEREAS, as required by Chapter 67- 37. 005( 6)( f)3, F. A. C., It is found that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan. The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5 percent of program income deposited into the trust fund, except that small counties, as defined in f.s. 120. 52( 17), and eligible municipalities receiving a local housing distribution of up to $ 350,000 may use up to 10 percent of program income for administrative costs. WHEREAS, the Okaloosa County Development Corporation has prepared a three -year Local Housing Assistance Plan for submission to the Florida Housing Finance Corporation; and  WHEREAS, the City Council finds that it is in the best interest of the public for the City of Fort Walton Beach to submit the Local Housing Assistance Plan for review and approval so as to qualify for said documentary stamp tax funds. NOW THEREFORE, BE IT RESOLVED BY THE CITY OF FORT WALTON BEACH: SECTION 1. The City Council of Fort Walton Beach hereby approves the amended Local Housing Assistance Plan, as attached and incorporated hereto for submission to the Florida Housing Finance Corporation as required by sections 420. 907 -420 -9079, Florida Statutes, for fiscal years 2010/ 2011, 2011/ 2012, 2012/ 2013. SECTION 2. The Mayor is hereby designated and authorized to execute any documents and certifications required by the Florida Housing Finance Corporation as related to the amended Local Housing Assistance Plan and interlocal agreement, and to do all things necessary and proper to carry out the terms and conditions of said program. SECTION 3. This Resolution shall take effect immediately upon approval by the City Council. Adopted: X4* Mike Anderson, Mayor Attest: Approved for form and legal sufficiency: Helen Spencer, rity Clerk ayward Dykes tty ASP ey