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interest that it pays and it reduces the interest rate down to almost zero. The bank used will be <br /> BB&T. The net interest for the life of the loan will be $810,335. <br /> No public comment. <br /> Commissioner Gordon asked why the McDougle Elementary and Middle School roof <br /> replacements were necessary because they are fairly new schools. Commissioner Hemminger <br /> said that those roofs were all the rage when the schools were built, and the buildings are 15 <br /> years old. The roof material has now given out. It lived its life expectancy. <br /> A motion was made by Commissioner Hemminger, seconded by Commissioner Gordon <br /> to close the public hearing. <br /> VOTE: UNANIMOUS <br /> A motion was made by Commissioner Gordon, seconded by Commissioner Hemminger <br /> to approve the issuance of up to $9.9 million of Qualified School Construction bonds for the <br /> Chapel Hill — Carrboro City Schools and Orange County Schools. <br /> VOTE: UNANIMOUS <br /> b. Orange County Community Development Block Grant (CDBG) Program — <br /> FY 2010 Scattered Site Housing Rehabilitation Program - $400,000 <br /> The Board considered public comments regarding a proposed FY 2010 Housing <br /> Rehabilitation Program Application and approving a resolution authorizing the submission of <br /> the formal application document on November 15, 2010 and authorizing the Chair to sign. <br /> Shoshannah Sayers from Housing, Human Rights, and Community Development said <br /> that the County applies for this every three years. There was one small change, in that <br /> rehabilitation is now up to $40,000 per house, which will reduce the number of homes from <br /> eight to ten. <br /> Commissioner Yuhasz asked how people would become aware of the existence of this <br /> program. <br /> Shoshanna Sayers said that people are referred from JOCCA or DSS or have been <br /> involved in another one of their programs, such as the urgent repairs program. <br /> Frank Clifton said that the County uses public ads and public outreach through many of <br /> the housing programs. <br /> No public comment. <br /> A motion was made by Commissioner Hemminger, seconded by Commissioner Yuhasz <br /> to close the public hearing. <br /> VOTE: UNANIMOUS <br /> A motion was made by Commissioner Nelson, seconded by Commissioner Hemminger <br /> to approve a resolution, as amended, authorizing the submission of the formal application <br /> document on November 15, 2010 and authorize the Chair to sign. <br /> VOTE: UNANIMOUS <br /> 7. Regular Agenda <br /> a. Amendments to the Efland Sewer Resolution <br /> The Board considered several amendments to the Efland Sewer Resolution. <br /> Planning Staff Engineer Kevin Lindley said that there are three things. The first <br /> category includes amendments that are required because of new regulatory requirements <br /> through the permit through the State. Another big category includes operational issues and he <br />