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Authorizing Resolution 2009-81 RESOLUTION NO. 2009-~ A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, APPROVING AND AUTHORIZING THE ACTIVITIES AS OUTLINED IN THE COLLIER COUNTY NEIGHBORHOOD STABILIZATION PROG~M SUBSTANTIAL AMENDMENT IN ACCORDANCE WITH THE PROVISIONS OF THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008 ADMINISTERED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT; DELEGATING AUTHORITY TO CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS TO EXECUTE DOCUMENTS INCIDENT TO THE ACQUISITION OF FORECLOSED PROPERTIES ON BEHALF OF THE BOARD; AND AUTHORIZING STAFF TO PROCEED WITH ACTIVITIES REQUIRED TO EXPEDITE SAID PROPERTY ACQUISITION AND REHABILITATION. WHEREAS, on March 24, 2009, the Board of County Commissioners approved and accepted a grant from the U.S. Department of Housing and Urban Development (HUD), and also approved the Administrative Plan developed by the Department of Housing and Human Services for administration of the grant under the terms and conditions of the Neighborhood Stabilization Program as authorized by Title III of the Housing and Economic Recovery Act of 2008: and WHEREAS, provisions of the Neighborhood Stabilization Program require that all grant funds be obligated for initial acquisitions of foreclosed residential properties within eighteen (18) months of the award notice executed March 4. 2009; and WHEREAS, provisions of the Neighborhood Stabilization Program provide that funds realized from the subsequent disposition of properties and classified as program income may be further utilized for eligible activities as described by Page 1 of 4 the Neighborhood Stabilization Program and HUD, but that all transactions must be completed by February 13, 2013; and WHEREAS, the expeditious acquisition of property is of paramount importance to the timely administration and successful implementation of the Neighborhood Stabilization Program for the benefit of Collier County; and WHEREAS, accomplishing the property acquisition and rehabilitation within the HUD imposed timeframes, and ensuring that the maximum possible number of properties are acquired and rehabilitated within those timeframes, requires a properly coordinated team effort between the Department of Housing and Human Services, the Real Property Management Section of the Facilities Management Department, the Office of the County Attorney, and the Board of County Commissioners, and certain processes require streamlining and abbreviation wherever possible. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that the acquisition and rehabilitation of foreclosed residential properties under the provisions of the Neighborhood Stabilization Program is necessary for a public purpose and is in the best interest of Collier County, and the Board recognizes the importance of the successful and timely implementation of the Program. AND BE IT FURTHER RESOLVED that the Board of County Commissioners of Collier County, Florida, recognizes the importance of the property acquisition and rehabilitation function and its relationship to the overall project schedule; and the Board desires to facilitate and expedite the property Page 2 of 4 acquisition and rehabilitation process to the extent that it is empowered to do so bylaw. AND BE IT FURTHER RESOLVED that the following measures are reasonably necessary for the timely, efficient, and expeditious implementation and completion of the Collier County Neighborhood Stabilization Program: 1. The County Manager or his designees are hereby authorized and directed to identify, evaluate, appraise. and perform all due diligence procedures necessary for the acquisition and rehabilitation of residential properties. all in accordance with the provisions of the Neighborhood Stabilization Program and HUD requirements. 2. The Chairman of the Board of County Commissioners is hereby authorized to execute Agreements for Sale and Purchase for the acquisition of foreclosed residential properties at purchase prices in accordance with the Collier County Neighborhood Stabilization Plan Administrative Plan, based upon appraised values discounted at least five (5) percent, and as approved by the County Attorney's Office for the life of the project ending February 13, 2013. 3. Upon approval of the County Attorney's Office of all documents necessary for property acquisition, the County Manager or his designees are hereby authorized and directed to proceed to acquire foreclosed residential properties, to follow all appropriate closing procedures, and to record all necessary documents in the Public Records of Collier County, Florida. The County Manager or his designee is further authorized to prepare related warrants for payment of purchase prices and other. related acquisition costs; and the Board of County Commissioners Page 3 of 4 hereby authorizes its Chairman to execute any and all agreements and other legal instruments pertinent to such property acquisition, which have been reviewed and approved by the County Attorney's Office. 4. The total acquisition cost per residential unit shall not exceed One Hundred Fifty Thousand and 00/100 Dollars ($150.000.00) without the express permission of the Board of County Commissioners, and the total rehabilitation cost per unit shall not exceed Fiftv Thousand and 00/100 Dollars ($50.000.00) without the express permission of the Board of County Commissioners. 5. All title to residential properties which have been acquired in the manner described above shall be deemed "accepted" by the Board of County Commissioners, as the governing body of Collier County, Florida, a political subdivision of the State of Florida. 6. The Department of Housing and Human Services shall provide the Board of County Commissioners a monthly report of all foreclosed residential properties which have been acquired in the manner described above. THIS RESOLUTION ADOPTED this ;)..4~ay of March, 2009 after motion, second and majority vote. BOARD OF COUNTY COMMISSIONERS OF CO~~"" COUNTY 2R~A By. LI< .I A 1k. Donna Fiala, Chairman Approved as to form and legal suffiCiency: C~tr1 ~ IL- Colleen M. Greene Assistant County Attorney PagE! 4 of 4