Agenda - 05-03-2011 - 5d - Laserfiche WebLink

Browse Search

ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 3, 2011 Action Agenda item No. ~- SUBJECT: Qran e Count HQME Consortium A reement DEPARTMENT: HousinglHuman Rights and PUBLIC HEARING: YIN} No Community Development ATTACHMENTS}: Resolution HQME Consortium Agreement INFORMATION CONTACT: Tara L. Fikes, 245-2490 PURPOSE: To adopt a resolution authorizing the execution of a HQME Consortium Agreement for thefiscal yearbeginningJuly 1, 2011. BACKGROUND: In August 1992, the Qrange County HQME Consortium was formed by mutual consent of the Towns of Carrboro, Chapel Hill, and Hillsborough and Orange County. The County is designated as lead entity and thus responsible for program administration. At that time, the elected bodies of the member governments approved the initial Consortium Agreement. Renewal agreements were executed in June 1996, August 1999, May 2002, June 2005, and June 2008. It is now time to renew the current agreement for another three year period in orderto continue to participate in the HQME investment Parknership Program. The HQME Program Review .Committee, comprised of the Manager or his designee and one elected official for Qrange County -- Commissioner Valerie Foushee} from each jurisdiction, has discussed renewal of the HaME Program Consortium Agreement and agreed to include an automatic renewal clause in the Agreement this year to eliminate the need to review the document every three years unless a jurisdiction chooses to withdraw from the Consortium. Additionally, the Garrboro Board of Alderman requested additional language regarding the deliberative process of the HOME Review Committee, County staff has modified the current Consortium Agreement to incorporate the above noted changes to the 2008 version of the document. The changes are highlighted by bold i~a~~cs. The renewal HOME Consortium Agreement is due by May 13, 2411 and the document must be approved and executed by all member governments prior to submission to HUD, The Town of Carrboro, Chapel Hill and Hillsborough will consider approval of this Agreement on May 3, May 2, and May 9 respectively. After approval by all participating governments, the Agreement will be reviewed by the County Attorney for final review and approval prior to submission. FINANCIAL IMPACT: Execution of the document will enable the Orange County Consortium to continue to receive an annual allocation of Federal HOME funds that have averaged $725,000 per annum in recent years.