Title:
title
Approve and authorize the Chairman to execute a Resolution of the Board of County Commissioners of Seminole County, Florida, approving, solely for the limited purposes of Section 147(f) of the Internal Revenue Code, the expenditure of the proceeds of the Volusia County Housing Finance Authority not to exceed $7,500,000 of its Multifamily Housing Revenue Bond Series (Riverbend Landings Apartment Project Phase II) for the purpose of providing funds to finance a multifamily residential rental project (50 residential units) located in Seminole County at 3750 E. S.R. 46, Sanford, Florida 32771, as further described in the Resolution; and providing an effective date. Countywide (Kate Latorre, County Attorney)
end
Division:
division
County Attorney Office
body
Authorized By:
Kate Latorre, County Attorney
Contact/Phone Number:
Kate Latorre/407-665-7257
Background:
The Volusia County Housing Finance Authority held the required public hearing on August 7, 2024.
Approval of the Resolution does not obligate Seminole County to incur liability, pecuniary or otherwise, in the subject transaction.
Requested Action:
Staff requests the Board approve and authorize the Chairman to execute a Resolution approving, solely for the limited purposes of Section 147(f) of the Internal Revenue Code, the expenditure of the proceeds of the Volusia County Housing Finance Authority not to exceed $7,500,000 of its Multifamily Housing Revenue Bond Series (Riverbend Landings Apartment Project Phase II) for the purpose of providing funds to finance a multifamily residential rental project located in Seminole County at 3750 E. S.R. 46, Sanford, Florida 32771.