Fort Walton Beach Council agenda — 12-12-06 ‎(regular)‎ — reading text

unable to comply with the provisions 24 7) The Local Housing Assistance Plan shall provide for the expenditure of SHIP funds within months following the end of the State fiscal year in which they are received. The plan conforms to the Local Government Comprehensive Plan, or that an amendment to 8) the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure confonnance with the Local Housing Assistance Plan. 9) Amendments to the approved Local Housing Assistance Plan shall be provided to the Corporation with in 21 days after adoption. 10) The trust fund shall be established with a qualified depository for all SHIP funds as well as moneys generated from activities such as interest earned on loans. 1 J) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. 12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon as available. 13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation. as soon as possible. 1 October 2003  Exhibit D Page 2 Certification 14) SHIP funds will not be pledged for debt service on bonds or as rent subsidies. 15) Developers receiving assistance from both SHIP and the Low Income Housing Tax. Credit (LIHTC) Program shall comply with the income, affordabiIity and other LllITC requirements, Similarly, any units receiving assistance from other federal programs shall comply with all Federal and SHIP program requirements. 16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to service eligible persons. 17) Rental Units constructed or rehabilitated with SHIP funds shall be monitored at least annually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420. 9075 ( 3)( e) 18) The Plan meets the requirements of Section 420- 907- 9079 FS, and Rule Chapter 67- 37 F AC, and how each of those requirements shall be met. 19) The provisions of Chapter 83- 220, Laws of Florida _ has Qr _ has not been impIemente d.- Witness CbiefElected Official or designee Witness Type Name and Title Date OR Attest: Seal) 2 October 2003  Exhibit D CERTIFICATION TO FLORIDA HOUSING FINANCE CORPORATION Name of Local Government: 1) The local government will advertise the availability ofHHAP funds pursuant to Florida Statutes. 2) All HHAP funds will be expended in a manner which will insure that there will be no discrimination 'on the basis of race, creed, religion, color, age, sex, familial or marital status, handicap, or national origin. 3) A process for selection of recipients for funds has been developed. 4) The eligible municipality or county has developed a qualification system for for applications awards. 5) Recipients of funds will be required to contractually commit to program guidelines. 6) The Florida Housing Finance Corporation will be notified promptly if the local government ( or interlocal entity) will be unable to comply with the provisions the plan. 7) The Local Housing Assistance Plan shall provide for the expenditure ofHHAP funds within 24 months following the end of the State fiscal year in which they are received. 8) The plan conforms to the Local Government Comprehensive Plan, or that an amendment to the Local Government Comprehensive Plan will be initiated at the next available opportunity to insure conformance with the Local Housing Assistance Plan. 9) Amendmel1ts to the approved Local Housing Assistance Plan shall be provided to the Corporation with in 21 days after adoption. 10) The trust fund shall be established with a qualified depository for all HHAP funds as well as moneys generated ITom activities such as interest earned on loans. 11) Amounts on deposit in the local housing assistance trust fund shall be invested as permitted by law. 12) The local housing assistance trust fund shall be separately stated as a special revenue fund in the local governments audited financial statements, copies of the audits will be forwarded to the Corporation as soon as available. 13) An interlocal entity shall have its local housing assistance trust fund separately audited for each state fiscal year, and the audit forwarded to the Corporation as soon as possible. 1 October 2003  Exhibit D Page 2 Certification 14) HHAP funds will not be pledged for debt service on bonds or as rent subsidies. 15) Developers receiving assistance ITom both HHAP and the Low Income Housing Tax Credit (LllITC) Program shall comply with the income, affordability and other LIHTC requirements, Similarly, any units receiving assistance ITom other federal programs shall comply with all Federal and HHAP program requirements. 16) Loans shall be provided for periods not exceeding 30 years, except for deferred payment loans or loans that extend beyond 30 years which continue to service e1igible persons. 17) Rental Units constructed or rehabilitated with HHAP funds shall be monitored at least armually for 15 years for compliance with tenant income requirements and affordability requirements or as required in Section 420.9075 ( 3)( e) 18) The Plan meets the requirements of Section 420- 907- 9079 FS, and Rule Chapter 67- 37 FAC, and how each of those requirements shall be met. 19) The provisions of Chapter 83- 220, Laws of Florida _ has or _ has not been implemented. Witness Chief Elected Official or designee Witness Type Name and Title Date OR Attest: Seal) 2 October 2003  INTERLOCAL AGREEMENT THIS INTERLOCAL AGREEMENT made and entered into this _ day of 2006, by and between OKALOOSA COUNTY, a political subdivision of the State of Florida, acting by and through its Board of County Commissioners the " County")and the City of Fort Walton Beach, a municipal corporation created and existing under the laws of the State of Florida, acting by and through its City Council ( the " City"): WITNESSETH: WHEREAS, the City and the County have legal authority to perform general government services within their respective jurisdiction; and WHEREAS, THE City and the County are authorjzed by Florida Statutes Chapter 163. 01 at seq., to enter the Interlocal Agreements and thereby cooperatively utilize their powers and resources in the most efficient manner possible; and WHEREAS, the William E. Sadowski Affordable Housing Act ( Chapter 92- 317, Laws of Florida, incorporated herein by reference created Section 420.9027, et 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 utilized and managed through an Interlocal Agreement. NOW, THEREFORE, FOR AND IN CONSIDERATION of the mutual covenants and agreements hereinafter set forth, the parties hereto agree as follows: 1. The City and the County do hereby agree that the ( SHIP) Program funds which are to be distributed to the County as provided in 420. 9073, Florida Statutes, shall be allocated to the Okaloosa Community Development Corporation with a minimum of 20% of the fundsbeing used within the City, unless qualified projects  cannot be found. The Okaloosa Community Development Corporation 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