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2 <br /> Family income is below 80% of the area HUD published median income. <br /> 2. First Mortgage Amount: $118,000 <br /> 3. Certification of 99 year Affordability: <br /> The Community Home Trust utilizing a long-term lease model that provides a 99 year <br /> long-term lease provides assurance of applicability of this condition. <br /> 4. Documentation of Impact Fee Payment Yes. The Community Home Trust paid <br /> the fee at the time of issuance of the Certificate of Occupancy. Actual reimbursement <br /> will take place at the time that the Impact Fee Agreement is executed by the <br /> Community Home Trust and recorded in the Register of Deeds office. <br /> FINANCIAL IMPACT: The current balance from the FY 2010 - 2011 appropriation for impact <br /> fee reimbursements is $60,908. Expenditure of$6,092 for this reimbursement will leave a <br /> balance of$54,8'16. <br /> RECOMMENDATION (s): The Manager recommends the Board approve the impact fee <br /> reimbursement request from the Community Home Trust for $6,092 for one new home in <br /> Carrboro. <br />