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.c <br />. PAGE 5 <br />• resolve to revoke the Franchise if the documentation has not bean coapleted to the <br />satisfaction of the County Manager end the County Attorney by the close of business on <br />Friday, February 10, 1989. <br />VOTE: UNANI180US. <br />$,, j~$jrj ASS~.STANCE ~ APPLICATION <br />Director of Housing and Community Development Tara Fikes explained the Interim <br />Assistance Grant Program and requested authorization to submit a letter of interest to <br />NRCD. This program is designed to increase the availability of housing for low and <br />moderate income persons. Specifically, the program can provide CDBG construction loan <br />financing at an interest rate substantially lower than market rates to a developer <br />building housing for low and moderate income persons. The anticipated interest rate is <br />two (2) percent. Grant awards are limited to $750,000 for 36 month projects and <br />$4,000,000 for 18 month projects. <br />Runyon Colie Woods of the Colie Development Compairy was available to answer <br />questions. He stressed that the required letter of credit would be provided by the <br />Colie Development Company so that the County will not bear any financial burden if the <br />anticipated funds from the project are not realized. This application and the <br />County's assistance in this application will lower the cost of the average house in <br />this subdivision about $6,000. He asked that the cost of administering this program <br />not bs added to the loan total. This would further lo~uar the cost of each house by <br />$600. John Link stated that the requirements on the County in administering this <br />program would ba extensive and the County should be reimbursed for these <br />administrative costs. <br />Motion was Wade by Commissioner Hartwell, seconded by Co~issionsr Willhoit to <br />approve submission of a Letter of interest to NRCD and authorize the Chair to sign on <br />behalf of the Board and to establish February 21, 1989 as the public hearing date to <br />receive citizen cooment regarding the application. <br />VOTE: UNANIMOUS. <br />~ 1989 , Fr.A~IING ~ ~ ~ <br />The Commissioners approved by eonsenaus the date of September 14, 1989 for a <br />Joint Planning Area Public Hearing. The proposed date for March was not approved, <br />4 ADVSRTISEMBNT _ ~ ~ 198$ IiEAIiING <br />Motion was made by Commissioner Hartwell, seconded by Commissioner Marshall to <br />approve the items listed in the advertisement for the joint public hearing scheduled <br />for February 27, 1989. <br />VOTE: UNANIMOUS. <br />~ BSOUEST jrQ ITIATE ~~ _ STEEL <br />Motion was made by Commissioner Halkiotis, seconded by Commissioner Hartwell <br />to authorial legal action against Buckner Steel for on-going violations of the Orange <br />County Zoning Ordinance. <br />VOTE: UNANIMOUS. <br />g,, POLICY CONSIDERATION _ .Pl~,PLICATION ~ S. .CTION ~ _(REVISED) ~ T.~e <br />~[?BDIVIS~,ON RBGULAPiONS <br />Motion was Wade by Cosmissioner Willhoit, seconded by Commissioner Hartwell to <br />approve a policy, as stated below, for processiag subdivision applications submitted <br />prior to the February 1, 1989 effective date for revised applications and approval <br />procedures and the notification of applicants. <br />~ PLdI'I L <br />A Concept Plan will not be required where there is already an approved Sketch <br />• <br />