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� <br /> overreaction, but it was done as part of a careful deliberation. He suggested that the staff look <br /> at the background information on this issue. <br /> Frank Clifton said that the staff was going to recommend denying this on the basis of <br /> past practices. However, knowing the way the banks are, the concern was that it would be <br /> difficult to facilitate these kinds of projects in the future related to financing. <br /> Commissioner Gordon reiterated that there are reasons why the Commissioners <br /> developed a policy for 99 years. It was because taxpayers subsidize projects on the premise <br /> that these projects will be kept affordable for a long time. She said that it makes sense to let <br /> AHAB review and also to get past minutes and documentation about why the Board chose 99 <br /> years when it developed its affordable housing policy. <br /> Commissioner McKee said that he would like to know what effect, if any, there would <br /> be if these homes become uninhabitable. <br /> Tara Fikes said that she would investigate this. <br /> Frank Clifton said that if there are any elements of this request that need in depth <br /> research, then staff needs to know now. <br /> PUBLIC COMMENT: <br /> Robert Dowling — no comments <br /> Dean Edwards is Vice President for Affordable Housing of Crosland LLC. He thanked <br /> Dr. Fikes for working with them on getting this resolved. He said that the 99 year element <br /> came up when they were considering a tax credit rental property and there was an equity <br /> investor involved in the tax credits. He said that revisiting it with the AHAB is a great idea. <br /> A motion was made by Commissioner Hemminger, seconded by Commissioner Jacobs <br /> to send this back for review to the Manager, departments, and the Affordable Housing <br /> Advisory Board. <br /> VOTE: UNANIMOUS <br /> b. Water and Sewer Manaqement, Planninq, and Boundary Aqreement <br /> (WASMPBA) Clarification <br /> The Board considered approving a resolution related to a clarification within the <br /> WASMPBA and a transmittal letter. <br /> Planning Director Craig Benedict said that on December 9th OWASA put forth a <br /> resolution for a clarification to this agreement that was approved in 2001. The letter regarding <br /> this is on pages 7-9 of the agenda abstract. This letter sets forth the justification for the need <br /> for a clarification. The clarification is for OWASA to transfer water in non-emergency situations <br /> to our partners from Jordan Lake and to make sure these waters can be transferred around <br /> through our partners. He said that now the Town of Hillsborough would like an allocation from <br /> Jordan Lake, and there is a revised agreement. If the Board approves this, it would be <br /> allowing OWASA, Hillsborough, and Orange County to have non-emergency water transfers <br /> from Jordan Lake. He said that Commissioner Gordon added some comments and the staff is <br /> ok with these. <br /> Commissioner Gordon said that she read the agreement and talked to the County <br /> Attorney and she thinks that it is important that the Board see this amendment in the context of <br /> the entire agreement. She said that the proposed language is very broad. She asked John <br /> Roberts to speak to this agreement. <br /> John Roberts agreed with Commissioner Gordon in that the language is fairly broad. <br /> He said that the only way for OWASA to get water from Jordan Lake is to go through Chatham <br /> County. To do that, it has to have the approval of the Chatham County Commissioners if <br /> OWASA wants to condemn any property for transmission lines, or even if they want to <br />