Fort Walton Beach Resolution — 2013-13 SHIP - Local Housing Assistance Plan — reading text

Housing Act (Chapter 92 -317, Laws of Florida, incorporated herein by reference) created Section 4209072, at seq., Florida Statutes, ( the " State Housing Initiatives Partnership Program" (" SHIP "), which authorizes monies in the Local Government Housing Trust Fund ( the " Fund ") to be distributed to approved counties and eligible municipalities within the County pursuant to an Interlocal Agreement; and WHEREAS, Okaloosa County is an approved County and the City of Fort Walton Beach is an eligible municipality within the County; and WHEREAS, the County and the City desire to jointly utilize State Housing Initiatives Partnership Program ( SHIP) Program allocations pursuant to this Interlocal Agreement; and WHEREAS, the County and the City have determined that (SHIP) Program funds can be more effectively and efficiently utilized and managed through an Intertocal Agreement. NOW, THEREFORE, FOR AND IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: The County and the City do hereby agree that the ( SHIP) Program funds are to be distributed to the County by Florida Housing Finance Corporation, as provided in 420. 9073, Florida Statutes. Said funds shall be made available to the County' s Housing Partner with a minimum of 20% of the funds being used within the City, unless qualified projects cannot be found. The Countys Housing Partner for administering, reporting and monitoring of the ( SHIP) Program shall receive 10% of the funds received. 2. Unless earlier terminated pursuant to other provisions of this Interlocal Agreement, the term of this agreement shall run concurrent with the distribution of (SHIP) Program funds which are to be allocated between the County and the City. 3. The City and the County direct the Florida Housing Finance Corporation ( the " Corporation ") to distribute and allocate the (SHIP) Program funds in accordance with this Interlocal Agreement and authorize the Corporation to rely on their stated intent and their authority to execute this Interlocal Agreement. 4. The ( SHIP) Program funds so distributed will be deposited in a single depository account created by and managed by Okaloosa County. This account shall be known as the Okaloosa local Housing Trust Fund hereinafter referred to as "Local Housing Trust Fund"), to which ( SHIP) Program funds are distributed by the Corporation. The Corporation will be notified of any change in the Local ( SHIP) Program Fund status and the parties agree to have such Local ( SHIP) Program audited annually as required by Chapter 420, Florida Statutes and Chapter 67 -37 Florida Administrative Code. The parties hereto agree to pay their pro -rata share of the costs of an audit of the Local (SHIP) Program Funds in accordance with the funding distribution percentages denoted in Section 1 of this Agreement. 5. Provided this Interlocal Agreement remains effective between the County and the City, both parties agree that they will not do anything to Jeopardize the other party' s right to receive its allocation from the Local SHIP) Program Fund, 6. The parties to this Agreement understand that the relevant law requires an incentive plan for providing affordable housing and they agree to cooperate in ensuring that the requirements and the spirit of applicable law is satisfied. 7. Neither party shall use any revenues distributed and allocated for purposes other than those authorized by 420. 9072 ( 7), Florida Statutes, or as stipulated in Florida Housing Finance Corporation Administrative Rule 67 -37, as amended, as each may be applicable to the SHIP Program. 8. If at any time during the term of this Interlocal Agreement, the County or the City which are the parties to this Interlocal Agreement, the County or City believe that the intent of the parties set forth herein is not being accomplished, or that the terms of the Interlocal Agreement are not fair, such entity may, upon the giving of ninety (90) days written notice, renegotiate the terms and the provisions of this intarlocal Agreement prior to the commencement of the next fiscal year. If the parties are unable to renegotiate the terms and provisions of this Intarlocal Agreement prior to the commencement of the next fiscal year, the noticing party shall cease to be a party to this Interlocal Agreement and this Interlocal Agreement shall terminate and be of no further force or effect as to such party and the funds shall be allocated as provided  by law. 9. If either party shall cease to be eligible for allocation or distribution of Slate Housing Initiative Partnership (SHIP) Program monies, such party' s allocation of the funds shall remain in the State ( SHIP) Program Fund to be used by the Corporation 10. The parties of this Agreement shall cooperatively prepare, and submit a single consolidated annual report incorporating all activities undertaken with ( SHIP) Program funds in compliance with reporting provisions of Florida Administrative Code 67- 37. 011 11. For all purposes herein, the Tenn " Interlocal Agreement" shall mean this Interlocal Agreement, and the provisions thereof. 12. This Interlocal Agreement shall become effective when filed in the office of the Okaloosa County Clerk of Circuit Court Finance department. The County shall be responsible for such filing as soon as this Agreement has been fully executed. BALANCE OF PAGE BLANK - --  IN WITNESS WHEREOF, the said municipal corporation in pursuance of due and legal action of its City Council has executed these presents causing Its name to be signed by its Mayor and its corporate seal to be affixed, and Okaloosa County, a political subdivision of the State of Florida has caused these presents to be executed in its name by its Board of County Commissioners, acting by its Chairman of said Board, the day and year first mitten above. CITY OF FORT WALTON BEACH, OKALOOSA COUNTY, A Municipality Chartered in the A Political Subdivision of the State Of State of Florida Florida, by and Through its Board of County Commissioners B Pell, Mike Anderson, Mayor Don R. Amunds, Chainna`' P.O. Box 4009 1804 Lewis Turner Blvd. Fort Walton Beach, FL 32549 -4009 Fort Walton Beach, FL 32547 850) 243 -3141 850) 851 -7105 BCC Approved: 3 ATTEST: ATTEST: w vwl BY: Helen A. Spencer, r.. Don W. Howard, City Clerk 7 Clerk of Clrcuk Court, Okaloosa County, FL SEAL SEAL Date: l N1 v/3 I