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HomeMy WebLinkAbout0984 ticipated in the 1984 joint single family revenue bond pro- gram with tne Polk Authority and other counties; and WHEREAS, such participation with the Polk Authority and other counties resulted in economies of scale and other advantages to the County and its people in furtherance of the purposes and goals of the St. Lucie Authority; and WY,EREAS, the Polk Authority has authorized and ~ validated a sufficient amount of its single family mortgage revenue bonds to fund the 1985 Allocation Amounts of both ' Polk County, Florida, and the County, as well as certain other counties which may also participate in a joint single family mortgage revenue bond program; and WHEREAS, the St. Lucie Authority has reguested that the Governing Body approve the operation of the Polk Authority within the territorial boundaries of the County with respect to a joint single family mortgage revenue bond program with the St. Lucie Authority; and k7HEREAS, by combining the Allocation Amounts of the ; Polk Authority, the St. Lucie Authority a~d other issuers ~ desiring to participate in the issue, the Polk Authority p will be able to make available mortgage loans at rates below ~ the rates otherwise possible if the St. Lucie Authority at- ~ tempted a separate issue; F a ~ NOW THEREFORE BE IT RESOLVE~ by the Board of County C~mmissioners of St. Lucie County, Florida, that: ~ SECTION l. It is hereby found, determined and de- clared that: ~ . (a) Within the County, there is a shortage of ~ housing available at prices or rentals which many ~ persons and families can afford and a shortaqe of ~ capital for investment in such housing. This shor- ~ tage constitutes a threat to the health, safety, r morals and welfare of the residents of the County, ~ deprives the County of an adequate tax base, and causes the County to make excessive expenditures for crime prevention and control, public health, welfare and safety, fire and accident protection ~ and other public services and facilities; t ! ~ (b) Such shortage of capital and housing can- ~ not be relieved except through the encourgagement ~ af investment by private enterprise and the stimu- ~ ~ ~ ~ ~ p~~`~~ 454 E~~~;E 982 ~ ~ 2 ~ - ~ ~ ` ; ~ ~ x~~ ~ ~ .