Broward County Housing Loan Increase and Extension

Original title: MOTION TO ADOPT Resolution, the title of which is as follows: A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONER OF BROWARD COUNTY, FLORIDA AUTHORIZING THE HOUSING FINANCE AUTHORITY OF BROWARD COUNTY, FLORIDA (THE “HFA”) TO INCREASE THE AMOUNT OF THE LOAN TO THE SOUTHEAST FLORIDA COMMUNITY DEVELOPMENT FUND, INC. (THE “BORROWER”) TO AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $1,500,000; APPROVING AND AUTHORIZING A TWO YEAR TERM EXTENSION TO THE LINE OF CREDIT AGREEMENT; APPROVING AND AUTHORIZING AN AMENDMENT TO THE LINE OF CREDIT AGREEMENT BY AND BETWEEN THE HFA AND THE BORROWER AND APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF SUCH AMENDMENT; AUTHORIZING THE PROPER OFFICERS OF THE HFA TO DO ALL THINGS NECESSARY OR ADVISABLE IN CONNECTION WITH THE LOAN AND THE AMENDMENT; AND PROVIDING AN EFFECTIVE DATE FOR THIS RESOLUTION.