Resolution 628-2006
RESOLUTION
628
- 2006
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF MONROE
COUNTY, FLORIDA APPROVING AN INCREASE IN THE MONROE COUNTY
STATE HOUSING INITIATIVES PARTNERSHIP (SHIP) PROGRAM AREA
MEDIAN PURCHASE PRICE LIMIT.
WHEREAS, it is the desire of Monroe County to continue to successfully implement the Monroe County
State Housing Initiatives Partnership (SHIP) Program providing financial assistance to the County's very low,
low and moderate-income residents for the purpose of buying, rehabilitating or building affordable housing,
and;
WHEREAS, without an increase in the SHIP Program Area Median Purchase Price, Monroe County cannot
successfully implement the Monroe County State Housing Initiatives Partnership (SHIP) Homebuyers,
Disaster Mitigatilon and Housing Rehabilitation Programs, and;
WHEREAS, th(: average sales price of existing single family homes far exceeds the current SHIP Program
Area Median Purchase Price of $343,799, and;
WHEREAS, the Monroe County SHIP Program has secured a market study required under Florida Statute
420.9075(4)(c) necessary for Monroe County to increase the existing SHIP Program Area Median Purchase
Price limits.
NOW, THERElfORE, BE IT RESOLVED, by the Board of County COmmissioners of Monroe County,
Florida, that the County hereby:
Approves and adopts an increase in the Monroe County State Housing Initiatives Partnership (SHIP)
Program Area Median Purchase Price Limit to $540,000.00 for existing and new construction
properties. Said Resolution is to be incorporated into the State Housing Initiatives Partnership
(SHIP) Program's Local Housing Assistance Plan for fiscal years 2004-2005,2005-206,2006_2007.
PASSED AND ADOPTED, by the Board of County Commissioners of Monroe County, Florida at a regular
meeting of said Board on the 20th day of Decembe); A.D., 2006
Mayor Di Gennaro
Mayor Pro Tern Spehar
Commissioner McCoy
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BOARD OF COUNTY COMMISSIONERS
OFMONROECOUNTY~~IDA~
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Mayor Mario Di Gennaro ~ ~
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Approved as to legal sufficiency: _ ~
SUZANNE A. HUTTON
CO~1~P
Date