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2 <br />Results of Eli ibilit Review <br />~. Household income: <br />Family #1: Family of three Annual Income: $50,39 <br />A[[ incomes are less than S9°/~ of the area HUU published median income. <br />2. Purchase Prlce: $125,QDQ <br />3. Gertificatlon of 99 year Affordability: <br />grange Community Housing and Land Trust, Inc. certifies in writing this house will <br />remain affordable to families earning less than 80°/~ of the area median income for at <br />least ninety-nine X99}years. <br />~~ Documentation of impact Fee Payment The County has a copy of the impact fee <br />payment at the time of issuance of the Certificate of Occupancy. Actual <br />reimbursement will take place at the time that the Impact Fee Agreement is executed <br />by aCHLT and recorded in the Register of Deeds Dffice. <br />FINANCIAL IMPACT: The current balance from the FY ~OQB-~oo9 appropriation for impact <br />fee reimbursements is $54,49x. Expenditure of $4,4x1 for this reimbursement will leave a <br />balance of $49,593. <br />~~CQMM~NDATI~N ~5~: The Manager recommends the Board approve the impact fee <br />reimbursement request from Orange Community Housing and hand Trust for $4,447 for a <br />recently built home in Carrboro. <br />