P-0291 - Housing - Orange County Housing Bond Policy

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III. LAND BANHING POLICY (Addition -June 2004) Threshold Requirements For an application to be considered, the applicant must: 1) The application must be complete. 2) Demonstrate exclusive site control for at least ninety days after application. 3) Demonstrate that the intended use of the property conforms to the applicant's strategic plan and geographic focus area. 4) Include a resolution authorizing this land acquisition by applicant's governing board, 5) Present a land purchase budget that lists the other amounts and sources of funding required to complete the purchase of property, including all transactions costs and applicable fees, 6) Provide a location map. 7) List the current tax value of property and the current property tax, and 8) Include a proposed schedule for bringing the project on-line, including critical next steps such as pre-development planning and fundraising, as well as a plan for the management and maintenance of the property until construction begins. 9) The property must be located in Orange County. A. Pre-Development Due Diligence (50 points total) The applicant must demonstrate the suitability of the site for residential development. The following considerations must be addressed for the proposal to be considered: Scoring Criteria 1. Planning and Zoning: Does the project conform to the governing jurisdiction's planning, zoning, and subdivision requirements for this parcel? If not, what is required to accomplish this? (15 points total) 2. Utilities: Are utilities (water, sewer, electricity, natural gas, phone, etc) available at the site now or in the respective utilities capital improvement plan to be provided at the site in the future? Is the property within the current water and sewer service area? (Are public water and sewer permissible and available?) What is the estimated cost of providing the utilities? What are the possible funding sources? If public and water services are not available, has the County Department of Health conducted a soil and site evaluation at the property for on-site septic services? What was the result of the evaluation and was the project approved for development by the Department of Health? If the property is a platted lot, has a well improvement permit been obtained? (15 points total)