Resolution 2025-278 RESOLUTION NO. 2025- 278
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF
COLLIER COUNTY, FLORIDA, APPROVING A PLAN OF FINANCE
INVOLVING THE ISSUANCE BY THE HOUSING FINANCE
AUTHORITY OF COLLIER COUNTY, FLORIDA (THE "AUTHORITY")
OF ITS SINGLE FAMILY MORTGAGE REVENUE BONDS (THE
"BONDS") IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO
EXCEED $50,000,000 IN ONE OR MORE SERIES; APPROVING USE OF
STATE AWARDED VOLUME CAP ALLOCATION FOR THE BONDS
OR, FOR MORTGAGE CREDIT CERTIFICATE PROGRAMS OR
MULTIFAMILY BONDS OR CARRY FORWARD; APPROVING BONDS
AS REQUIRED BY SECTION 147(F) OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED; AND PROVIDING AN EFFECTIVE
DATE.
WHEREAS, pursuant to Ordinance No. 80-66, enacted by the Board of County
Commissioners of Collier County, Florida (the "Board") on July 29, 1980 (the "Ordinance"), the
Board created the Housing Finance Authority of Collier County, Florida (the "Authority"), in
accordance with Part IV, Chapter 159, Florida Statutes (the "Act"), for the purpose of alleviating
a shortage of housing available at prices or rentals which many persons and families can afford
and a shortage of capital for investment in such housing; and
WHEREAS, pursuant to the Act, the Authority is empowered to revenue bonds for
single family or multifamily housing for persons of low, moderate or middle income as defined
in the Act; and
WHEREAS, in furtherance of its statutory purposes, the Authority desires to issue single
family mortgage revenue bonds, in one or more series, in an aggregate principal amount not to
exceed $50,000,000 (the "Bonds"), or, in the alternative, to use any private activity bond volume
cap that may be awarded to be used in conjunction with a mortgage credit certificate program,
and/or to be applied toward multifamily housing (the "Plan of Finance") within the meaning of
Section 147(f)(2)(C) of the Internal Revenue Code of 1986, as amended (the "Code"), or to be
carried forward as permitted by applicable law; and
WHEREAS, the Bonds are to be issued to make available funds to (i) purchase federally
insured or guaranteed mortgage loans originated by participating local lending institutions to
finance or refinance the purchase of new or existing owner-occupied single family residences (a)
situated within Collier County, Florida, and (b) owned by persons or families of low, moderate,
or middle income, (ii) purchase securities from a master servicer evidencing interests in or
backed by a pool of such mortgage loans, including, without limitation, securities issued by the
federal government or agencies thereof, (iii) be used in conjunction with a mortgage credit
certificate program, and/or(iv) to be applied toward multifamily housing; and
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WHEREAS, the Authority held a public hearing on November 20, 2025, as required by,
Section 147(f) of the Internal Revenue Code of 1986, as amended (the "TEFRA Hearing"), after
proper notice was published (the "TEFRA Notice"), for the purpose of giving all interested
persons the opportunity to express their views in connection with the Plan of Financing and the
issuance of the Bonds (a copy of said TEFRA Notice being attached as Exhibit A to the
Authority Resolution as hereinafter defined); and
WHEREAS, at the conclusion of said TEFRA Hearing, the Authority adopted
Resolution No. 2025-04 (the "Authority Resolution"), a copy of which is attached hereto as
Exhibit A; and
WHEREAS, the Authority has requested the Board's approval of the Plan of Finance
and the issuance of the Bonds by the Authority in one or more series pursuant thereto for
purposes of Section 147(f) of the Code:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF COLLIER COUNTY, FLORIDA:
Section 1. Approval of Plan of Financing and Issuance of the Bonds for Purposes
of Section 147(f) of the Code. For purposes of Section 147(f) of the Code, the Board hereby
approves the Plan of Financing, the notice of public hearing, the public hearing, and the issuance
by the Authority of the Bonds in an aggregate principal amount not to exceed Fifty Million and
00/100 Dollars ($50,000,000) pursuant thereto for the purposes stated herein. The Board's
approval of the Plan of Financing and the issuance of the Bonds by the Authority shall not be
construed to obligate Collier County, Florida, to incur any liability, pecuniary or otherwise, in
connection with the issuance of the Bonds or the Plan of Financing. Provided further, however
this approval shall in no way be deemed to abrogate any regulations of the County and any
project contemplated by this resolution shall be subject to all such regulations, including, but not
limited to, the County's Growth Management Plan, all concurrency requirements contained
therein, and the Collier County Land Development Code.
Section 2. Approval of Use of Single-Family Bond Allocation. The Board hereby
authorizes the allocation for single family revenue bonds to be used in connection with (i)
mortgage credit certificate authority, and/or (ii) multifamily revenue bonds. The Authority is
authorized to determine if such allocation will be (i) carried forward for use in future years,
and/or (ii) converted for use with mortgage credit certificates and/or multifamily revenue bonds,
as the Authority may deem most advisable.
Section 3. Resolution Effective. This Resolution shall take effect immediately
upon adoption.
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PASSED AND ADOPTED THIS 9th day of December, 2025.
(SEAL)
ATTEST: ' BOARD OF COUNTY COMMISSIONERS
'' Crstal* r ,inzel, Clerl1 of Courts COLLIER COUNTY, FLORIDA
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-4.-'k-RA By: �e. -Deputy Clerk
1 P Y urt L. Saunders, Chairman
''{ 1 7:9 Attest as to Chairman's
I,.... r 1 signature only
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Appr• .: z and legality:
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Jeffrey A. I latz. lw, County Attorney
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EXHIBIT A
HOUSING FINANCE AUTHORITY OF COLLIER COUNTY
RESOLUTION 2024-03
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