Pulled the resolution to let the Housing Finance Authority of Polk County issue bonds to finance a multifamily rental project in Minneola.

In plain words

A resolutionA formal Board decision that is not a law: it states a position, approves an agreement, sets a fee or rate, or directs staff. Adopted by a vote, usually without a public hearing. Florida Statutes 125.01 to let the Housing Finance Authority of Polk County operate in Lake County and issue bonds to finance a 340-unit low- and moderate-income rental apartment project in Minneola.

What changes Nothing changes yet because the item was pulled from the agenda.

Who and the money The project is in the City of Minneola; the record states there is no fiscal impact and the bonds do not constitute a debt of Lake County.

Stated reason (staff, quoted): "The adoption of this Resolution will provide the authorization for the Authority to operate in Lake County and issue its bonds under the Authority’s program for this specific project."

Where City of Minneola

Why (staff, quoted) "In order for the Authority to operate in Lake County, it must be granted an “area of operation” authority within Lake County with respect to the financing of the Project."

Paid from Multifamily Housing Revenue Bonds

Backup in the packet: Area of Operation Resolution - Minneola Family Apartments (p. 1258), City of Minneola Letter (p. 1258), Map (p. 1258)

Written from the Board ActionThe Clerk's same-week record of what the County Commission decided on each agenda tab. Vote tallies and discussion come later in the Board Minutes. Clerk of Court, Board Action and Board Minutes on Municode and the staff cover sheet, checked by script: every number appears in the record. Staff memo