Title:
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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 Orange County Housing Finance Authority not to exceed $34,373,650.36 of its Multifamily Housing Revenue Bond Series (Huntington Reserves Apartment Project) for the purpose of providing funds to finance a multifamily residential rental project (168 residential units) located in Seminole County at 2000 Rosecliff Circle, Sanford, Florida, 32773, as further described in the Resolution; and providing an effective date. Countywide (Kate Latorre, County Attorney)
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Division:
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County Attorney Office
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Authorized By:
Kate Latorre, County Attorney
Contact/Phone Number:
Kate Latorre/407-665-7257
Background:
The required public hearing was held by the Orange County Housing Finance Authority on August 26, 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 Orange County Housing Finance Authority not to exceed $34,373,650.36 of its Multifamily Housing Revenue Bond Series (Huntington Reserves Apartment Project) for the purpose of providing funds to finance a multifamily residential rental project (168 residential units) located in Seminole County at 2000 Rosecliff Circle, Sanford, Florida, 32773, as further described in the Resolution; and providing an effective date.