Agenda - 01-19-1999 - 9a - Laserfiche WebLink

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2 The Church has asked the Town of Chapel Hill to provide $25,000 of the total budget, and the County is being asked to finance the remainder, $10,000. It is expected that HUD will announce the availability of funding under this program in April or May, with applications due in June or July 1999. Funding announcements are anticipated in October 1999. If the application is successful, construction of the project could begin in Autumn 2000. It is important to note that this is a competitive process, and, thus, completion of the Feasibility Study does not ensure that the project will be funded. Also, should the application be successful, the sponsor anticipates asking for reimbursement of impact fees since the project will serve persons over 62 years of age whose income is below 50% of area median income. The project consultant has been given a copy of the Impact Fee Reimbursement Policy for future reference. RECOMMENDATION(S): The Manager recommends that should the Board decide to approve the request from First Baptist Church of Chapel Hill for financial assistance in the amount of $10,000 for the preparation of a HUD Section 202 Elderly Housing Application in 1999, the following is recommended: Funds should be appropriated from the Commissioners Contingency Fund, contingent upon approval of funds from the Town of Chapel Hill; 2. County staff should provide the project sponsor, First Baptist Church, a copy of the Impact Fee Reimbursement Policy and provide technical assistance with the preparation of an impact fee reimbursement request in accordance with the referenced policy and the County's annual budget preparation process; and 3. Funds granted by the Orange County Board of Commissioners should only be used for the feasibility study related to the above referenced HUD Section 202 Elderly Housing Application.