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R06-008 II 1 2 3 4 RESOLUTION R06-00e 5 6 A RESOLUTION OF THE CITY OF BOYNTON 7 BEACH, FLORIDA, AMENDING THE STATE 8 HOUSING INITIATIVES PARTNERSHIP (SHIP) 9 PROGRAM LOCAL HOUSING ASSISTANCE PLAN, 10 BY INCREASING THE DISASTER ASSISTANCE 11 AND INSURANCE DEDUCTIBLE FUNDING 12 A WARD FOR THE INCOME ELIGIBLE 13 HOUSEHOLDS TO $10,000.00; PROVIDING AN 14 EFFECTIVE DATE. 15 16 WHEREAS, with the increased numbers of hurricanes to impact Florida, 17 specifically this geographic area, insurance deductibles for homeowners have risen 18 drastically; and 19 WHEREAS, in order to better assist lower income households, an increase in 20 funding assistance is necessary through State Housing Initiatives Partnership funding 21 from $5,000.00 to $10,000.00; 22 WHEREAS, upon the recommendation of staff, the City Commission deems it to 23 be in the best interests of the citizens and residents of the City of Boynton Beach to 24 increase the disaster assistance and insurance deductible funding award for the income 25 eligible households to $10,000.00 for very low, low and moderate income households. 26 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION 27 OF THE CITY OF BOYNTON BEACH, FLORIDA, THAT: 28 Section I. The foregoing "Whereas" clauses are true and correct and are 29 hereby ratified and confirmed by the City Commission. 30 Section 2. The City Commission of the City of Boynton Beach, Florida, 31 hereby does increase the disaster assistance and insurance deductible funding award for S:\CA\RESOlAdministrative\SHIP Housing Plan amendment 121505.doc " i j the income eligible households to $10,000.00 for very low, low and moderate income 2 households. 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Section 3. This Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this:3 day of January, 2006. .fJ~ CITY OF BOYNTON BEACH, FLORIDA /' ("'. S:\CA\RESOlAdministrative\SHIP Housing Plan amendment 121505.doc