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WHEREAS, the County provides funding in the form of deferred loans to homeowners to repair substandard <br />housing in the County; and <br />WHEREAS, the County secures its monetary investment by the property owner executing a promissory Note <br />and Deed of Trust with the later being duly recorded in the Orange County Register of Deeds Office; and <br />WHEREAS, on September 17, 1996, the Orange County Board of County Commissioners approved a <br />Subordination Policy which allows the subordination of the County's Deed of Trust to security interest in the <br />property for purchase or refinance to an amount, with the combination of the new loan and the County's lien, <br />not to exceed 90% of the Fair Market Value of property; and <br />WHEREAS, approval of this policy has proven to be very burdensome to County staff as well as caused <br />concern regarding the actual benefit to homeowners who are often subjected to high interest rates when <br />refinancing; <br />NOW, THEREFORE, be it resolved by the Board of County Commissioners of Orange County, that the <br />Subordination Policy approved September 17, 1997 be and is hereby rescinded; <br />Be it further resolved by the Board of County Commissioners of Orange County that Orange County will not <br />subordinate its mortgage security under the Orange County Deferred Loan Program. <br />VOTE: UNANIMOUS <br />n. Bicycle Plan Component Advisory Committee <br />The Board considered the structure of a proposed Bicycle Advisory Committee and a charge and <br />schedule to guide the committee's work. The Board discussed and made several changes to the structure of <br />this committee. These were so noted by Transportation Planner Slade McCalip and will be incorporated and <br />brought back to the County Commissioners before appointments are made. <br />A motion was made by Commissioner Gordon, seconded by Commissioner Halkiotis to approve <br />the structure of a proposed Bicycle Advisory Committee, the charge and schedule to guide the work of the <br />committee incorporating all the suggested changes reference above. <br />VOTE: UNANIMOUS <br />APPOINTMENTS REMOVED FROM THE CONSENT AGENDA <br />a. Appointments <br />A motion was made by Chair Crowther, seconded by Commissioner Halkiotis to change the <br />resolution for the Economic Development Commission to add a County Commissioner as an exofficio <br />member. <br />VOTE: UNANIMOUS <br />A motion was made by Commissioner Halkiotis, seconded by Commissioner Gordon to appoint <br />Commissioner Brown as an exofficio member of the Economic Development Commission until the first <br />meeting in December at which time the County Commissioners will consider all County Commissioner <br />appointments to the various boards and commissions on which they serve. <br />VOTE: UNANIMOUS <br />A motion was made by Commissioner Brown, seconded by Commissioner Gordon to approve the <br />appointments as listed below: <br />Youth Services Advisory Commission <br />Mary Morrison, Donna Buzzard and Sabrina Garcia were reappointed for terms ending September <br />30, 2000. <br />Susan Grambling, Sharkita Torain, Elizabeth Ansley and Les Strayhorn were appointed for <br />unexpired terms ending September 30, 1999. <br />VOTE: UNANIMOUS <br />9. ITEMS FOR DECISION -REGULAR AGENDA