Loading...
Agenda 10/13/2009 Item #16D 6 Agenda Item No. 1606 October 13, 2009 Page 1 of 16 EXECUTIVE SUMMARY Recommendation that the Board of County Commissioners approves, and authorizes staff to develop and advertise, an ordinance establishing policies, procedures and standard forms to be used by the Board of County Commissioners when selling and conveying real property acquired under the Neighborhood Stabilization Program or another State or Federal grant program. OBJECTIVE: That the Board of County Commissioners approves. and authorizes staff to develop and advertise, an ordinance establishing policies, procedures and standard forms to be used by the Board of County Commissioners when selling and conveying real property acquired under the Neighborhood Stabilization Program or another State or Federal grant program. CONSIDERATIONS: On March 24,2009, agenda item IOE, the Board of County Commissioners (Board) approved an agreement with the U.S. Department of Housing and Urban Development (HUD) to accept entitlement funding for the Neighborhood Stabilization Program (NSP) in the amount of $7,306,755. Additionally, under agenda item 10F, the Board approved the NSP Administrative Plan. The Administrative Plan is a guide for operating the Collier County NSP in conformance with the rules and regulations as authorized by Title III of Division B of the Housing and Economic Recovery Act 2008. r""- Since inception, Collier County has used NSP funds to acquire twenty (20) residential properties. These properties will be redeveloped and rehabilitated prior to being sold to persons or households earning not greater than 120 percent of the area median income, adjusted for household size. All homes acquired must remain affordable for fifteen (15) years. Section 125.35(1)(a), Florida Statutes, requires that notice by publication and competitive bid be utilized to dispose of property belonging to Collier County. Because of the unique nature of the NSP, notice by publication and competitive bid is not a suitable means to provide notice to qualified buyers of the eligible properties. For example, all properties assisted with NSP grant funds must be sold for less than the county paid. As such, competitive bidding would most likely violate the conditions of the grant program. As an alternative, Section 125.35(3), Florida Statutes, allows a county to adopt an ordinance to prescribe disposition standards and procedures when the requirements listed above are not feasible. The standards and procedures must provide for, at a minimum, the following six (6) conditions: 1. Establishment of competition and qualification standards upon which disposition will be determined; and 2. Reasonable public notice of the intent to consider disposition of county property and the availability of copies of the standards. Reasonableness of the notice is to be determined by the efficacy and efficiency of the means of communication used; and - 3. Identification of the form and manner by which an interested person may acquire county property; and Agenda Item No. 1606 October 13, 2009 Page 2 of 16 4. Types of negotiation procedures applicable to the selection of a person to whom county properties may be disposed; and 5. The manner in which interested persons will be notified of the board's intent to consider final action at a regular meeting of the board on the disposition of a property and the time and manner for making objections; and 6. Adherence in the disposition of real property to the governing comprehensive plan and zoning ordinances. All funding allocated to Collier County for operation of the NSP must be obligated within eighteen (18) months from the date HUD executed the grant agreement. As such, Collier County has worked diligently to expend program funds in a timely, transparent and responsible manner. The result of these efforts is that Collier County is well ahead of other counties that have received NSP funding. In fact, of the seventeen (17) counties contacted during preparation of this agenda item, only two (2) have adopted ordinances to contemplate the disposition of NSP assisted properties. Copies -of the two (2) ordinances are attached to this item. Approval of this item will permit staff to use the aforementioned ordinances as models for development of the Collier County NSP ordinance relating to the selling and conveying of property acquired under the NSP or another State or Federal grant program. The County Attorney's Office will ensure that the resulting ordinance shall contain the standards and procedures necessary and meet the above mentioned statutory requirements. The proposed ordinance will be advertised and presented for Board consideration and approval at a regularly scheduled public meeting in the near future. Additionally, approval of this item will allow staff to prepare standard forms to be used by the Board of County Commissioners when selling and conveying real property acquired under the NSP or another State of Federal grant program. A standard Purchase and Sale Agreement will be prepared in order to ensure consistency with all applicable requirements of the NSP. The proposed standard forms will be presented for Board consideration and approval at a regularly scheduled public meeting in the near future. FISCAL IMPACT: The cost of advertising the ordinance is estimated at $500 and is an eligible grant expense. No general funds will be used. GROWTH MANAGEMENT IMPACT: The Neighborhood Stabilization Program will further the goals, objectives and policies of the Growth Management Plan's Housing Element. LEGAL CONSIDERATIONS: This item has been reviewed and approved by the County Attorney's Office. This item is legally sufficient for Board approval. - JBW STAFF RECOMMENDATION: That the Board of County Commissioners approves, and authorizes staff to develop and advertise, an ordinance establishing policies, procedures and standard forms to be used by the Board of County Commissioners when selling and conveying real property acquired under the Neighborhood Stabilization Progrm or another State or Federal grant program. PREPARED BY: Frank Ramsey, Housing Manager, Housing and Human Services Jennifer B. White, Assistant County Attorney Agenda Item No. 1606 October 13, 2009 Page 3 of 16 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS Item Number: Item Summary: 1606 Recommendatian that the Board of Caunty Commissianers approves, and authorizes staff to develop and advertise, an ordinance establishing policies, procedures and standard forms ta be used by the Board of County Commissioners when selling and conveying real property acquired under the Neighborhod Stabilization Program or another State ar Federal grant program. 10/13/2009 9:00:00 AM Meeting Date: Prepared By Frank Ramsey SHIP Program Coordinator Date Public Services Housing and Human Services 9/29/200911 :10:14 AM Approved By Kathy Carpenter Executive Secretary Date Public Services Public Services Admin. 9/30/2009 10:03 AM Approved By Marcy Krumbine Director Date Public Services Housing & Human Services 9/30/200910:28 AM Approved By Jennifer White Assistant County Attorney Date County Attorney County Attorney Office 9/30/2009 11 :20 AM Approved By Toni A. Mott Real Property Supervisor Date Administrative Services Facilities Management 9/30/20092:26 PM Approved By Colleen Greene Assistant County Attorner Date County Attorney County Attorney Office 9/30/20094:14 PM Approved By Jeff Klatzkow County Attorney Date County Attorney County Attorney Office 10/1/20093:40 PM Approved By Marla Ramsey Public Services Administrator Date Public Services Public Services Admin. 10/1/20094:17 PM Approved By OMS Coordinator OMS Coordinator Date Agenda Item No. 1606 October 13, 2009 Page 4 of 16 County Manager's Office Office of Management & Budget 10/2/2009 9:27 AM Approved By Sherry Pryor Management & Budget Analyst Date County Manager's Office Office of Management & Budget 10/2/200912:28 PM Approved By John A. Yonkosky Director of the Office of Management Date County Manager's Office Office of Management & Budget 10/2/2009 12: 39 PM Agenda Item No. 1606 October 13, 2009 Page 5 of 16 ORDINANCE NO. 09-25 AN ORDINANCE RELATING TO THE ACQUISITION AND DISPOSITION OF REAL PROPERTY UNDER THE NEIGHBORHOOD STABILIZATION PROGRAM (NSP), AS AUTHORIZED BY THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008; AND OTHER AFFORDABLE HOUSING ACQUISITION, REHABILITATION, RESALE (ARR) PROGRAMS ADMINISTERED BY THE LEE COUNTY DEPARTMENT OF HUMAN SERVICES; PROVIDING FOR AN ALTERNATIVE TO SUBSECTIONS (1) AND (2) OF SECTION 125.35, FLORIDA STATUTES; PRESCRIBING DISPOSITION STANDARDS TO BE USED BYTHE COUNTY IN SELLING AND CONVEYING REAL PROPERTY PURSUANT TO THE NSP AND ARR; PROVIDING FOR IMPLEMENTING RESOLUTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS. Section 125.35, Florida Statutes, provides for the general provisions with regard to how the County acquires and disposes of real property; and WHEREAS, the County has been notified by the United States Department of Housing and Urban Development (HUD) that the County is entitled to receive grant funds under the Neighborhood Stabilization Program (NSP) authorized by the Housing and Economic Recovery Act of 2008 (the Act); and WHEREAS, the County also performs acquisition/rehabilitation/resale (ARR) of houses to provide income eligible households access to affordable housing using other Federal funds; and WHEREAS, the funds are made available to the County under a grant agreement(s) which must be implemented pursuant to federal law and rules and regulations; and WHEREAS, the NSP funds must be spent or committed within eighteen (18) months of the execution of the NSP grant agreement, which was executed by the County on March 4, 2009; and WHEREAS, the Act, the grant agreement(s) and the federal rules and regulations provide the standards and conditions for the acquisition, improvement and disposition of properties acquired pursuant to the NSP and ARR; and WHEREAS, the state law provisions pursuant to Section 125.35, Florida Statutes, and the federal guidelines are not directly compatible; and Agenda Item No. 1606 October 13, 2009 Page 6 of 16 WHEREAS, Section 125.35(3), Florida Statutes, provides thatthe County may enact an ordinance for the acquisition and disposition of real property; and WHEREAS, in orderto comply with federal standards relating to acquiring properties and conveying said properties to individuals who meet income eligibility requirements set forth in the Act, the grant agreement(s), NSP and ARR guidelines, and the federal rules and regulations, this Ordinance is adopted as an alternative to the provisions of the cited state law requirements. BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF LEE COUNTY: Section 1. Premises Incorporated Herein The foregoing premises shall be incorporated herein as find ings of facts supporting this Ordinance. Section 2. Acquisition of Affordable Housing Properties A. This Board hereby authorizes the County Manager, or their designee, to execute sales contracts in accordance with established purchasing procedures and all documentation necessary to complete purchase of residential properties within Lee County. B. The purchase price of foreclosed properties under the NSP shall generally be at a discount from current appraised market value. County staff is required to adhere to the NSP requirements of minimum discounts for single property purchases and for bulk purchases. County staff is authorized to acquire property for NSP and ARR programs based on the following conditions: 1. Staff shall utilize a form of agreement acceptable to County Lands, Lee County Human Services, Lee County Administration and the County Attorney's Office for each property acquired. 2. Staff will coordinate all aspects of the acquisition process, including conducting due diligence on each property, negotiation of the ultimate acquisition price, and closing of the real estate transaction. 3. Staff will evaluate each property acquired and determine the scope of repairs for each home and coordinate the bidding process and contract award for renovation work on each unit requiring repairs. 2 Agenda Item No. 16D6 October 13, 2009 Page 7 of 16 4. Properties shall be acquired in the name of Lee County, a political subdivision of the State of Florida, unless a different ownership is specifically authorized by the Board of County Commissioners. Section 3. Conveyance of NSP and ARR Properties The Board authorizes the County Manager, or their designee to execute sales contracts in accordance with established purchasing procedures and all documentation, with exception of County Deeds, necessary to complete sale of NSP properties. The Board authorizes the Chairman to execute County Deeds. The NSP and ARR provides for the eligibility and qualification standards addressing the disposition of acquired properties. In conveying NSP and ARR properties to consumers, the federal regulations provide eligibility criteria dictated thatthe properties acquired by the County pursuant to the NSP and ARR may only be sold to individuals that qualify undeLth!3 following standards: A. All properties made available under the NSP shall only be conveyed to individuals or families whose income does not exceed one hundred twenty percent (120%) of the area median income established for Lee County by HUD. Properties conveyed under ARR shall only be conveyed to individuals or families whose income does not exceed eighty percent (80%) of the area median income established for Lee County. Income qualification determinations will be made by the Lee County Department of Human Services staff or not for profit organization(s) selected as the Housing Facilitation Agency. B. To the extent practicable, residential properties sold by the County under the NSP and ARR shall be financed through conventional or other private-sector mortgage financing. To that end, residential properties acquired by the County under the NSP and ARR shall only be sold to individuals meeting the income and qualification criteria required by the NSP or ARR, and preference shall be given to purchasers who also meet credit criteria of private lenders providing home mortgages to NSP or ARR home purchasers. Nothing in this Ordinance, however, is intended to preclude the granting of down-payment assistance or other assistance available through the County or any other public agency for an eligible buyer under any such assistance program. C. Notice of the availability for sale of NSP or ARR properties shall be through County staff and may include the use of private~sector realtors and such realty-based services as the multiple listing service. In addition, Lee County staff shall make information on the NSP and ARR known to the citizens of Lee County through educational outreach programs established by the Department of Human Services, County Lands or not for profit organizations. Interested applicants will be encouraged to contact a Housing Facilitation 3 Agenda Item No. 16D6 October 13, 2009 Page 8 of 16 Agency, the Department of Human Services or other source deemed appropriate by County staff who has access to the list of homes for sale and home loan eligibility criteria so that prospective home purchasers can qualify based on NSP or ARR income criteria and credit worthiness for private mortgage financing. D. Criteria applicable to the selection of a person to whom County properties shall be conveyed shall be as set forth herein utilizing the income requirements set forth in the NSP or ARR, private lender financing program requirements, and eligibility and qualifications of persons for other public sector financial assistance. E. Qualifying purchasers will be notified by Department of Human Services staff ---or staff of the not for profit organization(s) selected as the Housing Facilitation Agency. Potential purchasers would be "assigned" to a particular property on a first come, first considered basis. Upon submittal of reasonable qualification paperwork, said property shall be identified and removed from "available" list which will be retained by the Department of Human Services. Other persons expressing interest in a particular property will be advised by the Department of Human Services of other properties available and will be informed of the application and qualification process(es). Section 4. Minimum Criteria to be followed bv Staff with regard to Conveyance of NSP and ARR Properties To meet the policy and time frame obligations of the NSP and the NSP Grant Agreement, the following procedures will be followed with regard to the disposition and conveyance of NSP residential properties. The steps to be followed shall be: A. County staff may market homes to potential home buyers through a variety of public and private resources, including the local Multiple Listing Service (MLS), the Housing Facilitation Agencies, the Lee County website and other public and private community facilities frequented by the public. County staff, not for profit organizations and private realtors shall also make program guidelines, eligibility considerations, target areas, and buyer qualification criteria made known to public and private organizations who may present buyers of particular properties to County staff. B. The sale price of all NSP properties shall be at or below an amount equal to the cost to acquire the residential property plus the cost to rehabilitate that particular home orthe current appraised value, whichever is less, as required by NSP rules or regulations or the NSP grant agreement. The sale price of 4 Agenda Item No. 1606 October 13, 2009 Page 9 of 16 all ARR properties shall be at or below the current appraised value of the residential property. C. All NSP residential properties sold shall be sold to individuals or families whose income does not exceed one hundred twenty percent (120%) of the area median income. All ARR residential properties shall be sold to individuals or families whose income does not exceed eighty percent (80%) of area median income. D. The Board reserves the right under this ordinance to convey properties to qualified non-profit organizations for reduced or no monetary consideration if the Board declares said non-profit organization can serve the rental or home ownership needs of persons qualified under the income or other standards of the NSP or ARR. Section 5. Implementing Resolutions Authorized The Board of County Commissioners hereby reserves unto itself the power, right and authority pursuant to this Ordinance to direct staff through future implementing resolutions or procedures with regard to the acquisition of properties under the NSP and ARR program and the sale, disposition and conveyance of NSP and ARR properties. Section 6. Effective Date This Ordinance shall be effective in accordance with State law. This Ordinance is intended to implement provisions of acquisition/rehabilitation/resale programs to promote affordable housing and the Neighborhood Stabilization Program pursuant to the Housing and Economic Recovery Act of 2008. (Balance of Page Intentionally Left Blank) 5 Agenda Item No. 1606 October 13, 2009 Page 10 of 16 Commissioner Hall made a motion to adopt the foregoing Ordinance, seconded by Commissioner Janes. The vote was as follows: ROBERT P. JANES AYE BRIAN BIGELOW AYE RAY JUDAH AYE T AMMARA HALL AYE FRANK MANN AYE DULY PASSED AND ADOPTED THIS 11th day of August, 2009. ATTEST: CHARLIE GREEN CLERK OF COURTS BY: 11/}1/ -aJ7/ U j 71 J~fLJ Deputy Clerk ......,,"'''i\\ _-~\~\\lY &11#<<\lt :- ~ ..' ..........~ I,~ - ~.' .~~.I ....~. .~I -;:.:: SEAL :;;~ -:: ClI:I . . _ ,.. ~I . . ,.. I ~ : , I' . ,., I ~.. .... . :: 'f. t"t~;':'; Q~~"::- \\~\WIT .\"',.....-, \ "" 09-25 Neighborhood Stabalization Programwpd MAB BOARD OF COUNTY COMMISSIONERS OF LEE COUNTY, FLORIDA BY lJIarL VIC.e- Chair APPROVED AS TO FORM: BY: 6 APPROVED BY ORANGE COU~lTY BO.Il.RD OF COUNTY CQ'.'lMISSIDNERS Agenda Item No. 16D6 October 13, 2009 Page 11 of 16 \PFL2 8 2009 5bjlA:!> i Jft> C:FFECTiVE DATE ORDINANCE NO. 2009-13 MAY 0 1 ZLJu9 --------_._____ AN ORDINANCE RELATING TO THE ACQUISITION AND DISPOSITION OF REAL PROPERTY UNDER THE NEIGHBORHOOD ST ABILIZA TION PROGRAM (NSP), AS AUTHORIZED BY THE HOUSING AND ECONOMIC RECOVERY ACT OF 2008; PROVIDING FOR AN AL TERNA TIVE TO SUBSECTIONS (1) AND (2) OF SECTION '125.35, FLORIDA STATUTES; PRESCRIBING DISPOSITION ST ANDARDS TO BE USED BY THE COUNTY IN SELLING AND CONVEYING REAL PROPERTY PURSUANT TO THE NSP; PROVIDING FOR IMPLEMENTING RESOLUTIONS; AND PROVIDING FOR AN EFECTIVEDA TE. WHEREAS, Section 125.35, Florida Statutes, provides for the general provisions with regard to how the County acquires and disposes of real property; and WHEREAS, the County has been notified by the United States Department of Housing and Urban Development (HlJD) that the County is entitled to receive grant funds under the Neighborhood Stabilization Program (NSP) authorized by the Housing and Economic Recovery Act of 2008 (the Act)~ and WHEREAS, the funds are made available to the County under a grant agreement which must be implemented pursutint to federal law and rules and regulations; and WHEREAS, the NSP funds must be spent or committed within eighteen (18) months of the execution of the NSP grant agreement, which was executed by the County on March 3, 2009; and WHEREAS, the Act, the grant agreement and the federal rules and regulations provide the standards and conditions for the acquisition, improvement and disposition of properties acquired pursuant to the NSP; and WHEREAS, the state law provisions pursuant to Section 125.35, Florida Statutes, and the federal guidelines are not directly compatible; and WHEREAS, Section 125.35(3), Florida Statutes, provides that the County may enact an ordinance for the acquisition and disposition of real property; and WHEREAS, in order to comply with federal standards relating to acquiring properties and conveying said properties to individuals who meet income eligibility requirements set forth in the Act, the grant agreement and the federal rules and regulations, this Ordinance is adopted as an alternative to the provisions of the cited state law requirements. 1 Agenda Item No. 16D6 October 13, 2009 Page 12 of 16 BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ORANGE COUNTY: Section 1. Premises Incorporated Herein. The foregoing premises shall be incorporated herein as findings of facts supporting this Ordinance. Section 2. Acquisition of NSP Properties. A. This Board hereby authorizes the Mayor, or his designee, to acquire foreclosed residential properties in specific target areas within Orange County approved by the Board. These target areas have been identified in the Orange County's NSP as areas of high concentration of foreclosed properties. These target areas have been submitted to HUD and are approved target areas in Orange County's NSP, which target areas may be amended in the NSP based upon application by County to HUD. B. The purchase price of foreclosed properties under the NSP shall generally be at a discount from current appraised market value. The NSP recommends certain discounts for single purchases and for bulk purchases. County staff is required to adhere to the NSP requirements of minimum discounts for single property purchases and for bulk purchases. County staff is authorized to acquire property meeting the NSP market value criteria in the target areas under the following conditions: (1) Staff shall utilize a form of agreement acceptable to the Housing and Community Development Division, County Administration and the County Attorney's Office for each property acquired. (2) Staff will coordinate all aspects of the acquisition process, including 2 Agenda Item No. 1606 October 13, 2009 Page 13 of 16 conducting due diligence on each property, negotiation of the ultimate acquisition price, and closing of the real estate transaction. (3) Staff will evaluate each property acquired under the NSP and determine the scope of repairs for each home and coordinate the bidding process and contract award for renovation work on each unit requiring repairs. (4) Properties shall be acquired in the name of Orange County, a charter county and political subdivision of the State of Florida, unless a different ownership is specifically authorized by the Board of County Commissioners. Section 3. Conveyance of NSP Properties. The NSP provides for the eligibility and qualification standards addressing the disposition of properties acquired pursuant to the NSP. In conveying NSP properties to consumers, the NSP provides eligibility criteria dictated that the properties acquired by the County pursuant to the NSP may only be sold to individuals that qualify under the following standards: A. All properties made available under the NSP shall only be conveyed to individuals or families whose income does not exceed one hundred twenty percent (120%) of the area medium income established for Orange County by HUD. To the extent practicable, residential properties sold by the County under the NSP shall be financed through conventional or other private-sector mortgage financing. To that end, residential properties acquired by the County under the NSP shall only be sold to individuals meeting the income and qualification criteria required by the NSP, and preference shall be given to purchasers who also meet credit criteria of private lenders providing home mortgages to NSP home purchasers. Nothing in this Ordinance, however, is intended to preclude the granting of down-payment assistance 3 Agenda Item No. 1606 October 13, 2009 Page 140f16 or other assistance available through the County or any other public agency for an eligible buyer under any such assistance program. B. Notice of the availability for sale of NSP properties shall be through County staff and/or the use of private-sector realtors and such realty-based services as the multiple listing service. In addition, Orange County staff shall make information on the NSP known to the citizens of Orange County through educational outreach programs established by the Housing and Community Development Division. Interested applicants will be encouraged to contact a realtor and lender who have access 19_~he list of homes for sale and home loan eligibility criteria so that prospective home purchasers can qualify based on NSP income criteria and credit worthiness for private mortgage financing. C. Negotiation procedures applicable to the selection of a person to whom County properties shall be conveyed shall be as set forth herein utilizing the income requirements set forth in the NSP, private lender financing program requirements, and eligibility and qualifications of persons for other public sector financial assistance. D. Qualifying purchasers will be notified by staff of the Housing and Community Development Division of the Board's intent to consider final action on the sale and conveyance of a particular property at a regular meeting of the Board. Other persons expressing interest in a particular property will be referred to staff or participating realtors to determine if they can qualify to acquire another NSP property. E. County staff shall be required to assure that, prior to the sale and conveyance of any real property under the NSP, the property complies with the land use requirements of the Orange County policy plan and the Orange County zoning ordinances implementing said comprehensive plan. 4 Agenda Item No. 1606 October 13, 2009 Page150f16 Section 4. Minimum Criteria to be followed by Staff with regard to Conveyance of NSP Properties. To meet the policy and time frame obligations of the NSP and the NSP Grant Agreement, the following procedures will be followed with regard to the disposition and conveyance of NSP residential properties. The steps to be followed shall be: A. County staff and private sector realtors will market homes to potential home buyers through a variety of public and private resources, including the Orlando Regional Realtor Association utilizing the multiple listing service and private realtor marketing efforts, the Orange County website and other public and private community facilities frequented by the public. County staff and private realtors shall also make program guidelines, eligibility considerations, target areas, and buyer qualification criteria made known to public and private organizations who may present buyers of particular properties to County staff. B. The sale of all NSP properties shall be at or below an amount equal to the cost to acquire the residential property and the cost to rehabilitate that particular home as may be required by NSP rules or regulations or the NSP grant agreement. C. All NSP residential properties shall be sold or rented to individuals or families whose income does not exceed one hundred twenty percent (120%) of the area medium income. D. Staff shall adhere to the requirement that not less than twenty five percent (25%) of the NSP funds allocated shall be used to house individuals or families whose income is at or below fifty percent (50%) of the area median income. E. The Board reserves the right under this ordinance to convey properties to qualified non-profit organizations for reduced or no monetary consideration if the Board declares said non- profit organization can serve the rental or home ownership needs of persons qualified under the 5 Agenda Item No. 1606 October 13, 2009 Page 16 of 16 income or other standards of the NSP. Section 5. Implementing Resolutions Authorized. The Board of County Commissioners hereby reserves unto itself the power, right and authority pursuant to this Ordinance to direct staff through future implementing resolutions or procedures with regard to the acquisition of properties under the NSP and the sale, disposition and conveyance of NSP properties. Section 6. Effective Date; Sunset Provision. This Ordinance shall be effective in accordance with State law. This Ordinance is intended to implement provisions of the Neighborhood Stabilization Program pursuant to the Housing and Economic Recovery Act of 2008. The NSP award to Orange County is good for eighteen (18) months and the monies thereunder may be reused for NSP Program purposes. The NSP and Grant Agreement are presently set to expire on March 31, 2013. Therefore, this Ordinance shall automatically sunset and be repealed on December 31,2013, unless extended by a future action of the Board of County Commissioners. DA Y OF APR 2 8 2009 , 2009. ORANGE COUNTY, FLORIDA By: Board of County Commissioners A TTEST: Martha O. Haynie, Orange County Comptroller as Clerk of the Bo . of County Commissioners S:\RGulhrie\Ordinances\Neigbborhood Stabilization Program Properties\FinaJ 4 28 09.doc 6