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d G) - goo -7,16'?- <br />k Grant/Individual Development Account Program � <br />Community Development BlGrant Project Ordinance <br />y <br />Be it ordained <br />b the Orange County Board of County Commissioners that purant project is ion <br />13.2 of Chapter 159 of the General Statutes of North Carolina, the <br />hereby adopted. <br />Section 1. The project authorized is the Community Development Block Grant <br />CDBG) /Individual Development Account the North Carolina Department of County <br />Housing and Community Development by the N <br />Commerce. Funds from this grant will be tused urchasa their firs home. To qualify for <br />participants' savings for a down payment p <br />ust have incomes below 80% of the area median income. <br />this match, homebuyers m <br />Section 2. <br />The officers of the County are hereby directed to proceed with the grant project <br />within the grant document, the rules and regulations of the North Carolina <br />Department of Commerce. <br />section 3. The following revenue is anticipated to be available to complete this project: <br />05 -06) $50,000 <br />Intergovernmental - CDBG - ID 4 Program OSo5- $20,000 <br />Tranrferfrom 2005 -06 HOME Program(FY $15,000 <br />Tran.rferfmm CDBG Program Income (FY 05 -06) $5,000 <br />Contribution from the women's Center (FY al -06) $90,000 <br />Section 4. The following amount is appropriated for this project: <br />$90' � <br />Human Services - Individual Development <br />Account Program <br />Section 5. <br />The finance officer is hereby directed to maintain within thei Grto the jest sufficient <br />agency <br />ant <br />specific detailed accounting records to <br />federal state regulations. <br />required by the g agreement and fede <br />Section 6. Funds may be advanced from the General Fund for the perp the grantor agency in <br />payments due. Reimbursement requests should be ma d <br />an orderly and timely manner. <br />Co ies of this grant project ordinance shall be made available to the finance officer <br />Section 7. p <br />for direction in carrying out this project. <br />Section 8. No full -time equivalent County positions are related to this grant. Deve <br />Section 9. This ordinance supersedes previous Community <br />Pro ram G antlP men Ordinances for <br />Grant/Individual Development Account 9 <br />Orange County Government. <br />Section 10. This project period goes through February 28, 2008. <br />Adopted this 26th day of June 2007. <br />