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Resolution 1996-230 MAY 1 4 1996 RESOLUTION NO. 96- 230 RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA AUTHORIZING THE HOUSING FINANCE AUTHORITY OF LEE COUNTY TO OPERATE WITHIN THE BOUNDARIES OF COLLIER COUNTY; AUTHORIZING THE HOUSING FINANCE AUTHORITY OF COLLIER COUNTY TO ENTER INTO AGREEMENTS WITH THE HOUSING FINANCE AUTHORITY OF LEE COUNTY; APPROVING THE FORM OF THE INTERLOCAL AGREEMENT; APPROVING THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF LEE COUNTY OF NOT EXCEEDING $60,000,000 SINGLE FAMILY MORTGAGE REVENUE BONDS, SERIES 1996, TO PROVIDE FUNDS TO FINANCE QUALIFYING SINGLE FAMILY MORTGAGE LOANS IN VARIOUS COUNTIES WITHIN THE STATE OF FLORIDA, INCLUDING COLLIER COUNTY; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Chapter 159, Part IV, Florida Statutes, as amended (the "Act"), authorizes counties to create housing finance authorities to exercise powers of the Act within their boundaries or outside their boundaries with the consent of the governing body of the territory outside their area of;and WHEREAS, pursuant to the Act the Board of County Commissioners of Collier County, Florida hereby has found there exists a shortage. of affordable housing and capital for investment therein and a need for a housing finance authority to function in Collier County and did accordingly create the Housing Finance Authority of Collier County (the "Collier Authority"); and WHEREAS, the Housing Finance Authority of Lee County (the "Lee Authority") has authorized the initiation of official action to issue its Single Family Mortgage Revenue Bonds (the "Lee Bonds") to provide financing of qualified owner-occupied single family residences to alleviate the shortage of housing in various counties within the State of Florida, including Collier County, and other participating counties in Florida (collectively, the "Counties") by acquiring certain mortgage loans or securities backed by mortgage loans originated by lending institutions to finance the purchase of single family, owner occupied houses for low, moderate or middle income persons or families in the counties; and WHEREAS, the Collier Authority conducted a public hearing, notice of which hearing was published on April 5, 1996 in the Naples Daily News (a copy of which notice is attached as Exhibit "A" and incorporated herein) on April 22, 1996 for the purpose of considering the issuance of the Lee bonds by the Lee Authority in the aggregate principal amount not exceeding $60,000,000 in conformance with the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. Said public hearing disclosed no reason why the Lee Bonds should not be issued nor why the Collier Authority should not participate in the lee Authority's program; and C:\VIPSI\AUTH\RESOL1.96 &OOK 000 PAGr 162 MAY 1 4 1996 WHEREAS, the Collier Authority has adopted a Resolution in the form attached hereto as Exhibit "B" and made a part hereof; NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA; THAT: SECTION 1. The Board of County Commissioners of Collier County consents to the Lee Authority exercising its powers to issue the Lee Bonds and to implement a program from a portion of the proceeds of the Lee Bonds to finance single family housing within the statutory boundaries of Collier County; provided, that the Lee Authority and the Collier Authority first enter into a written agreement setting forth the powers, duties and limitations of the Collier Authority as they pertain to the use of said bond proceeds within Collier County and payment of the issuance costs for such bonds. SECTION 2. In furtherance of the purposes set forth in Section 1 hereof the Chairman or Vice-Chairman and Secretary of the Collier Authority are hereby authorized to execute such consents, intergovernmental agreements or other documents as shall be required to implement such single family housing program and to provide for payment of Collier Authority's proportionate share of costs of issuance of such bonds, all as shall be approved by Counsel to the Collier Authority. SECTION 3. The Interlocal Agreement, in substantially the form attached to Exhibit "B" between the Collier Authority and the Lee Authority is hereby approved. The officers of the Collier Authority are, upon due authorization and approval by that body, hereby authorized to enter into the Interlocal Agreement on behalf of the Collier Authority. SECTION 4. The Board hereby approves, within the meaning of Section 147(f) of the Code, the issuance by the Lee Authority of not exceeding $60,000,000 Single Family Mortgage Revenue Bonds, Series 1996, and such other action to be taken pursuant to the Lee Resolution. SECTION 5. All ordinances and resolutions or parts thereof of the Board in conflict with the provisions herein contained are, to the extent of such conflict, superseded and repealed. SECTION 6. Adoption of this Resolution shall not authorize or commit the expenditure of any funds of Collier County or the Collier Authority to pay the costs of issuance of such bonds. SECTION 7. The approval of the bonds contemplated by this Resolution shall not be deemed to abrogate any land development regulations of Collier County, including, but not limited to, Collier County's Growth Management Plan and all concurrency requirements contained therein, with respect to the acquisition or C:\WPSI\At.TIl-M..ESOLI.96 &ODK 000 pm 163 MAY 1 4 1996 construction of housing pursuant to mortgage programs under this bond program. SECTION 8. The Bonds shall not constitute a debt, or a pledge of faith and credit of the Collier Authority, Collier County, the State of Florida or any political subdivision thereof, and neither the Collier Authority, Collier County, the State of Florida nor any political subdivision thereof shall be liable thereon. No member of the Board of County Commissioners of the County or any officer or employee thereof shall be liable personally on the Bonds by reason of their issuance. SECTION 9. This Resolution shall take effect immediately upon its adoption.' I , I , I I ADOPTED THIS 4 DAY OF MAY 1996 BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA ATTEST: ""'" DWIGHT E. BROCK, CLERK . l -: Sufficiency i ~ i CIWP51IAUTHIRESOL 1.96 &DOK 000Plbl:16~ "'i""." , ,';1.,' I MAY 11, 1996 'j , NOTICE OF MEETING I Pursuant to Sectfon 14710 01 the Infer, nol Revenue Code 01 1986 as omended, no- f flce Is herebv given itiaf the Housing F~ nonce Authorl1;t, 01 Collier Countv Florida t (the "Authority) will meet on AprII22, 1996 " at 9:00 a.m. In the Collier County Monooer's Conference Room, Second Floor, Bulfdfno F, of the Collier County CourthOuse, 3301 East Tamiaml Troll, Napels, Florida, to c0n- sider: ! Adopffon of g resoluffon opprovlno lilt Iolnt P<>1!clpatjon of the Collier County ."j,'.' Housing Finance Authority with th. L" . County Housing Flnanc. Authority for lilt bsuonce and sole by the Lee Authority a/ not eXCeeding $60,000,000 Single Fomlly I Mortoooe Revenue Bonds to f1nonc! quaff. I tying slng'e family mortgage taans In CoII~ er County; approving the ",,"once at lilt Bonds, the form of, and O'Jfhorlzlng the exe- cution and delivery of, on lnterlocat Agr.t- I men! bt!ween the Lee Authority and ~ I Collier Authorfty and providing certain 0th- er details with resped thereto. : The proceeds of such bonds will be used to finonce and provide capital tor In- I vesfment to fund the purchase of rnarloaot 1 loans to qualified home buyers of law, modo! ; trote or middle Income for the CCi'lStruco/, .....1 lion, purChase or rehabilitation of....".,.. ": OCCuPied slnale tamlly housing Ioca1ed ' within P<>1!c1Pattng Florida countfes, In- Cluding Collier County, Florida. The bands will not consflMe a debt at ' the State of Florida, Housing Finance Au- I thorlty of Collier County, Florida, or any i P<>1!clpatjng Counffes or Housing FInance . Authorities, but will be payable solely from . payments made from the revotnu. generat- ed from the housing proorom. Such other business as may come bf. . tore the Authority. . All Interested citizens cre Invited to Submft written comments or attend the public meeffng on the date Indicated above and, either personally or through their rep. resenlaffves will be given an opportunity 10 express the'r vlews concerning th..e mat. ters. Capl.. of the proposed resoluffon cre ov911able lor Inspecffan and copvlng at, and writttn comments may be submmed or, the following ad<ress: Collier Countv DOl>(rt. ment of HOUSing & Urban Improvement, 2800 North Hars..hae Drive, Naples, FJor~ da 339~2. . Persons ere advised that, rt they de- I c1de to appeal any decision made at thb meeffng, they will need a record of the ~ ceedlngs, and for such purpose, they may need to ensure that a verbatfm record of the proceedlnos Is mode, which record In- cludes the tesflmony and evidence UIlOI1 ' which the Ol'POOlIs based. . In accordance wIth the American wfth ' Disabilities Ad, persons needing a special : accommodaffon to P<>1!clpate In this ~ ceedlng should conlact Donold A. Pldt. . j wart.!!r Counsel to the Authority at (113) 591.,,00 no later than three days prIcir III "'emeeffno. HOUSING FINANCE AlITHORITY OF COLLIER COUNTY By: John T. Conroy, Jr. Chairman April 5 :1 .j , I , EXHIBIT "An N.pl.s D.ily News "",pIn, fL 33940 Affid.vit of Publication PICK\IORTH, OOIIALD 5811 PELICAN BAY BLYD .210 NAPLES FL 33963 REfERENCE: 010784 57286388 NOTIcE OF "EETWGPur State of Florida County 01 Collier Before the undersigned authorfty, personally appeered H1na Iverson, who on OIth .ay. that .h, serves ., the Assistant Seer.ury of the Naples Daily Hews, a daily newspaper published at Naples, in Collier County, Florida: that the attached copy 01 advertising wu published in laid newspeper on dates l tlted. Aftiant further lay. that the .aid Naples Daily NevI 1. . newspaper published at Naple., 1n said Collier County, Florida, and that the .aid newspaper has heretofore been continuously published in said Collier County, Florida, each day and has been entered .. Itccnd clau uil ..tter at the po.t offfce in Naple., in .aid Collier County, Florfda, 10r I period of 1 year next preceding the 1irst publication of the attached eopy of advertis~t; and .ffiant further says that he has neither paid nor prOlisedl any person, fir. or coperation .01 dtscount, I rebate, comotssion or refund for the purpose of I securtng this advertts...nt fot publ1catton in thel said newspaper. I I I I I I I I I 04/05/96 I I Sign.ture of Affiant ?z/1ffl t...!t L?1~ Sworn to .nd Subseribed belore ae thisS- cloy Ol~ 195'e::, personally known by a~ff. c; ~() 5/.A - &OOK 000 pm 165 0)', JOYCE E. Bw:reR ,''{ "MY COf,MSSIJN' CC3S3OIl EXPIAfS ~ AprI10. 1191 '. ....TNUTIIlQY'AIINl.IWCE.1C. j ! ., PUSLISHEO 011: 04/05 AD SPACE: fILEg ON: 8.417 INCH No. 783656 EXIIIBIT "B" HAY 1 If 1996 RESOLUTION NO, 96 - 03 RESOLUTION OF THE HOUSING FINANCE AUTHORITY OF COLLIER COUNTY, FLORIDA APPROVING A JOINT PROGRAM WITH THE HOUSING FINANCE AUTHORITY OF LEE COUNTY (FLORIDA), FOR THE ISSUANCE BY THE HOUSING FINANCE AUTHORITY OF LEE COUNTY (FLORIDA) OF ITS SINGLE FAMILY MORTGAGE REVENUE BONDS TO FINANCE QUALIFYING SINGLE FAMILY MORTGAGE LOANS IN COLLIER COUNTY; APPROVING THE FORM OF AND AUTHORIZING THE EXECUTION AND DELIVERY OF AN INTERLOCAL AGREEMENT WITH THE HOUSING FINANCE AUTHORITY OF LEE COUNTY (FLORIDA); AND PROVIDING CERTAIN OTHER DETAILS WITH RESPECT THERETO, WHEREAS, Chapter 159, Part IV, Florida Statutes, as amended (the "Act"), authorizes the creation of housing financing authorities with the purpose of issuing revenue bonds to assist in alleviating a shortage of housing available at prices or rentals which many persons and families can afford; and WHEREAS Sections 159.603 and 159.604, Florida Statutes, as amended, authorize the Board of County Commissioners of Collier County, Florida (the "Governing Body"), to approve the operation of the Housing Finance Authority of Lee County (Florida) (the "Lee Authority"), within the territorial boundaries of Collier County, and the issuance by the Lee Authority of revenue bonds to alleviate the shortage of affordable housing and capital available for investment therein within Collier County, Florida; and WHEREAS, the Lee Authority has by resolution adopted on August 29, 1995 authorized the issuance of not exceeding $60,000,000 Housing Finance Authority of Lee County (Florida) Single Family Mortgage Revenue Bonds (the "Lee Bonds"); and WHEREAS, the Lee Authority has expressed an interest in pursuing a joint program for the issuance by the Lee Authority of sufficient principal amount of the Lee Bonds to finance qualifying single family mortgage loan programs for a Lee County, Collier County and other counties within the State which agree to participate; and WHEREAS, by combining the authority to issue single family mortgage revenue bonds of the Lee Authority, the Housing Finance Authority of Collier County (the"Collier Authority") and any other counties desiring to participate in the issue, the Lee Authority "ill be able to make available mortgage loans at rates below the rates otherwise attainable through separate issues; and WHEREAS, such a program would benefit Collier County and aid c:\wp51\auth\resol.96 &OOK 000 PAGrl66 MAY 1 4 1996 in alleviating a shortage of affordable housing and capital available for investment therein within Collier county; and WHEREAS, the Collier Authority conducted a public hearing on the Lee Bonds on April 22, 1996 at 9:00 AM at the Collier County Courthouse pursuant to notice thereof published in the Naples Daily News on April 5, 1996 for the purpose of considering the issuance of the Lee Bonds by the Lee Authority in the aggregate principal amount not exceeding $60,000,000 in conformance with the requirements of Section 147 (fl of the Internal Revenue Code of 1986, as amended, said public hearing disclosing no reason why the Lee Bonds should not be issued. NOW THEREFORE, BE IT RESOLVED by the members of the Housing Finance Authority of Collier County, Florida, a lawful quorum of which is duly assembled, as follows: SECTION 1. The Collier Authority has found and determined and hereby declares that (a) in order to realize the economies of scale afforded by aggregating the separate single family mortgage revenue bond program for the Collier Authority and the Lee Authority, it is the best interest of the Collier Authority to authorize the Lee Authority to issue the Lee Bonds to finance single family mortgage loans for both Lee County and Collier County and any other participating county in Florida, and (b) in order to implement such a program, it is in the best interest of the Collier Authority to enter into an Interlocal Agreement with the Lee Authority. SECTION 2. The execution and delivery of the Interlocal Agreement, authorizing the Lee Authority to issue its Lee Bonds to finance qualifying single family mortgage loans in Collier County, a proposed form of which is attached hereto as Exhibit "A" (the "Interlocal Agreement") is hereby authorized provided that the Board of County Commissioners of Collier County consents to such Interlocal Agreement and authorizes the Collier Authority to enter into such Interlocal Agreement. The form of the Interlocal Agreement attached hereto as Exhibit "A" is hereby approved, subject to such changes, insertions and omissions and such filling in of blanks therein as may be approved and made in such form by the officers of the collier Authority and the Lee Authority executing the same, such execution and delivery to be conclusive evidence of such approval. SECTION 3. The Chairman or Vice Chairman and the Secretary or Assistant Secretary of the Collier Authority are hereby authorized and empowered to execute and deliver the interlocal Agreement, subject to such changes, modifications, additions deletions and substitutions as such officers executing the same shall approve, such execution to be conclusive evidence of such approval and to affix thereto or impress thereon the seal of the Collier Authority. SECTION 4. Adoption of this Resolution does not authorize or C:\wpSl\auth\r..ol." &DDK 000 pm 167 HAY 1 4 1996 commit the expenditure of any funds of Collier County or of the collier Authority to pay the cost of issuance of the Lee Bonds. SECTION 5, All resolutions and orders or parts thereof of the Collier Authority in'conflict herewith are, to the extent of such conflict, hereby modified to the extent of such conflict. SECTION 6, It is found and determined that all formal actions of the Collier Authority concerning and relating to the adoption of this Resolution were taken in an open meeting of the members of the Collier Authority and that all deliberations of the members of the Collier Authority and of its committees,m if any, which resulted in such formal action were taken in meetings open to the public, in full compliance with all legal requirements. SECTION 7. This Resolution shall become effective immediately upon its adoption. ADOPTED this 22nd day of April, 1996. HOUSING FINANCE AUTHORITY OF COLLIER COUNTY, FLORIDA By: /s/ John T. Conroy, Jr. Chairman ATTEST: /S/ Donald A, Pickworth Assistant Secretary C:\vpSl\auth\re.ol." aODK 000 PAGd68 HAY 1 4 1996 EXHIBIT A INTERLOCAL AGREEMENT THIS AGREEMENT made and entered into by and between the HOUSING FINANCE AUTHORITY OF LEE COUNTY (FLORIDA), a public body corporate and politic organized and existing under the laws of the State of Florida (hereinafter referred to as the "Lee Authority"), and HOUSING FINANCE AUTHORITY OF COLLIER COUNTY, FLORIDA, a public body corporate and politic organized and existing under the laws of the State of Florida (hereinafter referred to as the "Local Authority". WIT N E SSE T H: WHEREAS, Chapter 159, Part IV, Florida Statutes, as amended, authorizes the creation of Housing Finance Authorities within the State of Florida (the "State") for the purpose of issuing revenue bonds to assist in relieving the shortage of housing available at prices or rentals which many persons and families can afford; and WHEREAS, the Lee Authority has resolved to issue not exceeding $60,000,000 Single Family Mortgage Revenue Bonds, Series 1996 (the "Lee Bondsll); and WHEREAS, pursuant to Section 143 of the Internal Revenue Code of 1986 (the "Code") as amended, the amount of private activity bonds, including qualified mortgage bonds, which may be issued by governmental units in any calendar year is limited, and is available for allocation to issuers within the State in accordance with Chapter 159 Part VI, Florida Statutes, as amended; and WHEREAS, pursuant to individual interlocal agreements to be entered into between the Lee Authority and the Housing Finance Authorities of other counties (or with other counties in the absence of a housing finance authority) within the State, including Collier County (collectively, the "Counties"), each of the Counties will delegate its authority to purchase mortgage loans or securities backed by mortgage loans originated within the territorial boundaries of its respective county to the Lee Authority (the territorial boundaries of Lee County and the territorial boundaries of the Counties, collectively, the "Area of Operation"); and WHEREAS, by combining the allocation amounts of the Lee Authority and the Counties, the Lee Authority will be able to make available mortgage loans at rates below the rates otherwise attainable if any of the Counties undertook a separate issue; and WHEREAS, the issuance of the Lee bonds by the Lee Authority for use in the Area of Operation will result in a wider allocation of fixed expenses and achieve certain other economies of scale that will have the effect of reducing the interest on mortgage loans that &ODK 000 PAr,J lG9 c:\wp51\auth\interl.96 - - MAY 1 4 1996 otherwise would have to be charged; and WHEREAS, Sections 125.01, 163.01, 159.608 and 159.803(1), Florida Statutes, as amended, authorize the Lee Authority and the Local Authority to enter into this Interlocal Agreement in order to make the most efficient use of their respective powers, resources and capabilities by authorizing the Lee Authority to exercise those powers which are common to them for the purpose of issuing one or more series of the Lee Bonds to finance qualifying single family mortgage loan programs for the entire Area of Operation. NOW, THEREFORE, the parties agree as follows: Section 1. Substitution of Bonds: Expenses. The Local Authority hereby grants authority to the Lee Authority to issue its Single Family Mortgage Revenue Bonds to finance qualifying single family housing mortgage loans described in the resolutions authorizing the Lee Bonds, and any such Lee Bonds issued for such qualifying housing mortgage loans in the Local Authority and hereby deemed to be in full substitution for an equivalent principal amount of the Local Authority's Bonds. All revenues generated by bonds issued pursuant to this Agreement and by the use of the proceeds thereof, will be administered by the Lee Authority or its agents and all payments due from such revenues shall be paid by the Lee Authority or its agents without further action by the Local Authority. The fee of the Local Authority, with respect to the single family mortgage revenue bond program specified in this Agreement, shall be paid from the proceeds of any bonds allocable for use in Collier County and issued pursuant to this Agreement or from program fees contributed by participating lenders. The Local Authority fee shall be 25 basis points for each Collier County mortgage. The fees and expenses of the Local Authority's counsel shall be paid upon delivery of this Agreement, after authorization by the Board of County Commissioners and execution by the Local Authority. Such fees and expenses shall not exceed $1,500.00 Section 2. Administration. The Lee Authority hereby assumes responsibility for administering this Agreement by and through its employees, agents and officers; provided, however, that the Local Authority retains and reserves its right and obligation to require reasonable reporting on programs designed for and operated within Collier County. the Lee Authority and its agents shall provide the Local Authority with such reports as may be necessary to account for funds generated by this Agreement. The Lee Authority shall have full authority and responsibility to negotiate, validate, market, sell, issue and deliver its Lee Bonds in such amount as the Lee Authority shall in its sole jUdgment determine (taking into account lender demand and available allocation of private activity bond issuance authority pursuant to Chapter 159, Part VI, Florida Statutes, as amended) to finance c\"'P51\auth\imerl.96 &OOK 000 PAGl 170 MAY 1 4 1996 qualifying single family housing mortgage loans in Collier County and to take such other action as may be necessary or convenient to accomplish such purpose, such bonds to be issued in one or more series as determined by the Lee Authority. All lendable proceeds of Lee Bonds attributable to the private activity bond allocation for the Local Authority shall be reserved for use in originating mortgage loans in Collier County for an initial period of six months in which such series of Lee Bonds is issued (or such other period as required by law at the time of issuance), whichever is later. Section 3. Proqram Parameters. The Local Authority shall determine the methodology for establishing and establish initial maximum housing prices and initial maximum adjusted family income for eligible borrowers in Collier County in accordance with the Code, and in each subsequent year, the Lee Authority shall adjust maximum housing prices and maximum adjusted family income for eligible borrowers in the County using the methodology determined by Collier County in accordance with the Code. The Local Authority hereby consents and agrees to the establishment by the Lee Authority of all other program parameters including, but not limited to, selection of allocations among participating lenders as may be required for any bonds issued by the Lee Authority pursuant to this. Agreement. The Lee Authority shall select allocations among participating lenders in Collier County based on lender demand in Collier County, available allocation of private activity bond issuance authority, and the lenders' performance in prior bond programs. Section 4. Term. This Agreement will remain in full force and effect from the date of its execution until the date when no Lee Bonds remain outstanding; provided that any party hereto shall have the right to terminate this Agreement upon 30 days' written notice to the other party hereto. Notwithstanding the foregoing, it is agreed that this Agreement may not be terminated by any party during any period that any series of Lee Bonds issued pursuant to the terms hereof remain outstanding, or during any period in which the proceeds of such Lee Bonds are still in the possession of the Lee Authority or its agents pending distribution, unless the parties to this Agreement mutually agree in writing to the terms of such termination. It is further agree that in the event of "ermination the parties to this Agreement will provide continuing cooperation to each other in fulfilling the obligations associated with the issuance of Lee Bonds pursuant to this Agreement. c:\wpSI\auth\interl.96 &DDK 000 PAG, 171 MAY 1 4 1996 Section 5. Indemnity. The Lee Authority agrees to hold the Local Authority and Collier County harmless, to the extent permitted by law, from any and all liability for repayment of principal of and interest or penalty on the Lee Bonds or in connection with the approval by the Local Authority of the program parameters as required by Section 3 of this Agreement, or in connection with the approval rendered by the Local Authority pursuant to Sections 159.603 and 159.604, Florida Statutes, as amended. The Lee Authority agrees that any offering circular or official statement approved by and used in marketing the Lee Bonds will include a statement that Bondholders may not look to the Local Authority for payment of the Lee Bonds and interest or premium thereon. Section multiple of which 6. CounterDarts. This Agreement may be executed in counterparts, each of which shall be an original and all shall constitute but one and the same instrument. IN WITNESS WHEREOF, the parties to this Agreement have caused their names to be affixed hereto by the proper officers thereof as of HOUSING FINANCE AUTHORITY OF LEE COUNTY (FLORIDA) By: Chairman ATTEST: By: Secretary HOUSING FINANCE AUTHORITY OF COLLIER COUNTY, FLORIDA By: Chairman ATTEST: By: Secretary c:\wpSI\:1uth\inlcrl.96 &OOK 000 PAr,[ 172 MAY 1 4 1996 STATE OF FLORIDA COUNTY OF LEE The foregoing instrument was acknowledged before me this day of 1996, by and , the and of the Housing Finance Authority of Lee County, Florida, on behalf of the Authority. They are personally known to me or who have produced as identification and who did/did not take an oath. (print name) Notary Public My commission expires: aOOK 000 PAGd 73 MAY 1 " 1996 STATE OF FLORIDA COUNTY OF COLLIER The foregoing instrument was acknowledged before me this day of 1996, by and . the and of the Housing Finance Authority of Collier County, Florida, on behalf of the Authority. They are personally known to me or who have produced as identification and who did/did not take an oath. (print name) Notary Public My commission expires: &DOK 000 PAr,r! 74 .