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Habitat's purchase of the Property and for the construction by Habitat of infrastructure (public <br />water and sewer, roads, sidewalks, etc.) necessary for the Project: <br />Amount Funding <br />Source Development <br />A Bement Housing Units <br />Benefited <br />$125,000- FY 2004 HOME loan March 31, 2005 10 ~: <br />$100,000 FY 2005 HOME loan December 15, 2006 20 <br />$250,000 FY 2006 HOME loan December 15, 2006 20 <br /> <br />$205,000 County Bond funds <br />t December 19 2005 22 <br />WHEREAS, the County Board of Commissioners approved the following additional <br />funds for the construction by Habitat of infrastructure necessary for the Project: <br />Amount Funding <br />Source Development <br />A Bement Housing Units <br />Benefited <br />$450,000 Coun Bond loan Se tember 18, 2009 30 <br />$ 70,400 FY 2005 HOME loan Se tember 18, 2009 <br />` $250,000 FY 2009 HOME loan Se tember 18, 2009 20 <br /> <br />WHEREAS, the County and Habitat agree to amend the previous Development <br />Agreements between them with respect to the housing units in the Project benefited by the <br />previous Development Agreements; <br />WHEREAS, notwithstanding amendment of the previous Development Agreements, <br />with respect to housing units benefited, Habitat by this Agreement acknowledges and confirms <br />all of its other obligations to Orange County contained in the previous Development Agreements <br />and Declarations of Covenants, Promissory Notes and Deeds of Trust related to and securing <br />Habitat's obligations contained in the previous Development Agreements; and <br />WHEREAS, by this Development Agreement, Habitat and the County are creating new <br />obligations for the additional funds to be provided Habitat as provided herein; and <br />WHEREAS,. in consideration of the HOME funds, Habitat has agreed to sell single- <br />family dwelling units constructed on the property to first-time homebuyers earning up to 60% of <br />HUD area median income; and <br />WHEREAS, a fast-time homebuyer for the purposes of this program is defined as any <br />low income household that has not owned a home within the past three (3) years including <br />households living in manufactured housing not permanently affixed to a foundation, or owner- <br />occupants. ofhomes not feasible for rehabilitation and has lived or worked in Orange County for <br />at least one year prior to the home purchase; and <br />2 <br />