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APPROVED 3117198 <br />MINUTES <br />ORANGE COUNTY BOARD OF COMMISSIONERS <br />MEETING CONTINUED FROM AUGUST 20, 1997 <br />AUGUST 25, 1997 <br />The Orange County Board of Commissioners met on Monday, August 25, 1997 following the <br />Quarterly public hearing, in the Superior Courtroom, Hillsborough, North Carolina, for the purpose of <br />considering the remainder of the items from their August 20, 1997 regular meeting. <br />BOARD OF COUNTY COMMISSIONERS PRESENT: Chair William L. Crowther, and <br />Commissioners Margaret W. Brown, Alice M. Gordon and Stephen H. Halkiotis <br />BOARD OF COUNTY COMMISSIONER ABSENT: Commissioner Moses Carey, Jr. <br />1. ITEMS CONTINUED FROM 8120197 COMMISSIONERS MEETING <br />a) Community Revitalization Loan Fund <br />This item was presented by Housing and Community Development Director Tara Fikes for <br />the purpose of approval of the operational guidelines for the newly established Community Revitalization <br />Loan Fund. A Community Revitalization Loan Fund was created in the 1997-98 Orange County HOME <br />Consortium program design to provide funds to assist low/moderate income families purchase existing <br />housing. This was done in direct response to citizen comments received during the development stage <br />of the program design. Funds can be used for acquiring property, rehabilitating the property, and/or <br />second mortgage assistance. A total of $60,000 has been allocated for this program this year. <br />A motion was made by Commissioner Halkiotis, seconded by Commissioner Brown, to approve <br />the implementation guidelines for the Community Revitalization Loan Fund. <br />VOTE: UNANIMOUS <br />b) Mill Pointe Subdivision Preliminary Plan, Phases 3=7 <br />This item was presented by Planner Eddie Kirk for the purpose of considering the <br />Preliminary Plan for Mill Pointe Subdivision. The property is located on the east side of Mill Creek Road <br />(SR 1343) at the Cedar Grove-Cheeks Township line between High Rock Road (SR 1340) and Charlie's <br />Dead End Road (SR 1347). Current zoning is Rural Residential south of the township line, Agricultural <br />Residential north of the township line, and Back Creek Protected Watershed. Phases 1 and 2 of Mill <br />Pointe are located across Mill Creek Road and were completed in 1995. The Planning Board approved <br />the conventional and conservation Concept Plans for Mill Pointe Phases 3-7 on March 6, 1997. On July <br />2, 1997 the Planning Board, in a 9 to 3 vote, recommended approval of the Preliminary Plan for Mill <br />Pointe Subdivision Phases 3-7 subject to the conditions contacted in the Resolution of Approval. That <br />Resolution is in the permanent agenda file in the Clerk's office. <br />Commissioner Halkiotis commented that he was very interested in the number of actual <br />children residing in each of the homes in new subdivisions after they are completed. He felt that it would <br />be far greater than the number projected by this Preliminary Plan. <br />Commissioner Gordon referred to the fiscal impact template. She commented that the <br />average sale price is anticipated to be between $103,000 and $105,000. At that price, the County loses <br />money since the cost for County services exceeds the revenue obtained from the development. This is <br />an important issue to continue to discuss.