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IMPACT FEE REIMBURSEMENT POLICY <br />CONCERNING AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS <br />Guiding Principles for the Polic~* <br />1. Reimbursements made under this policy must satisfy the public <br />purpose requirement for spending County money. <br />2. All reimbursements are made subject to budgetary constraints, <br />and are limited solely to the County's annual appropriations for <br />reimbursement. Thus there is no entitlement to these <br />reimbursements even for projects that qualify. <br />*These principles are detailed in the February 24, 1998 letter <br />concerning "Impact Fee Reimbursement Policy" from County <br />Attorney Gledhill to the Board of Commissioners. <br />Eligibility Criteria: w n~ o c c w~,; ed <br />1. Lines 1 and 2 - Reword: "A 501 c) (3) non-profit organization <br />which (1) develops affordable housing....." <br />word <br />3. Lines 5 and 6 - r~o~°*~*"° ~•~^*''a° "...or,K ~ c-F required <br />by applicable HUD policy." <br />Procedure: <br />1. Last paragraph on page 1, 3rd line from the bottom. of the page - <br />Reword: "....detailed construction budget including amounts for <br />individual houses or rental units," <br />c~ <br />-~ ~ ~ ~ 2 ~. <br />