2001 S Housing - Community Development Block Grant Award Richmond Hills Infrastructure

Browse Search

/-/~! o/ i° Prepared By: Geoffrey E. Gledhill, Attorney at Law, P.O. Drawer 1529, Hillsborough, North Carolina 27278 After recording, return to: ~c~~~~~~~~~~~gQ;~g~~~~, ~• ~31 • r~ - Z/~ ~'~~i~b3~i~~$.'~p.~fi~ Beverly Blythe, Orange Co . Comrs . 9~~~-~-~ 7.~5 ~ ~ ~ _ RETURN THIS COPY TO THE CLERK'S NORTH CAROLINA OFFICE FOR THE PERMANENT AGENDA FILE ORANGE COUNTY DEVELOPMENT AGREEMENT ~ ~~""' P~ "+"" This is an AGREEMENT between ORANGE COUNTY, NORTH CAROLINA, a general local governmental unit of the State of North Carolina, (hereinafter referred to as the "County") and HABITAT FOR HUMANITY OF ORANGE COUNTY, NC, INC. , a North Carolina non-profit housing organization (hereinafter referred to as "Habitat"). The effective date of this agreement is January 18, 2001. WITNESSTH WHEREAS, Habitat intends to purchase a 41 acre tract of land in the Efland-Cheeks community in Orange County (herein after referred to as the "Property"), and described in EXHIBIT A attached hereto and incorporated herein; and WHEREAS, Habitat intends to construct a 43 unit subdivision with dwelling units available to first-time homebuyers earning up to 80% of HUD area median income; and WHEREAS, a first-time homebuyer for the purposes of this program is defined as any household earning up to 80% of HUD area median income that has not owned a home within the past three (3) years including households living in manufactured housing not permanently affixed to a foundation, or owner-occupants of homes not feasible for rehabilitation. WHEREAS, Orange County desires to participate in this project and has received a Community Development Block Grant (CDBG) from the N.C. Department of Commerce- Division of Community Assistance (DCA) in the amount of $250,000 to used for the installation of infrastructure (water, sewer, streets) on the Property as detailed in the July 2000 Housing Development Application (herein after referred to as the "Project"); and NOW, THEREFORE, in consideration of the mutual covenants, promises, and representations contained herein, it is agreed between the parties hereto as follows: l. a. Habitat shall construct twenty-five (25) dwelling units as defined in the Project, obtain all permits and licenses necessary to construct the homes on the Property, and comply with applicable building and zoning ordinances and the N.C. Housing Finance Agency Energy Standards. The Project shall be undertaken without residential displacement. b. Habitat shall sell the newly constructed dwelling units to qualified buyers whose income is up to 70% of the area median household income by family size, as determined by the U.S. Department of Housing and Urban Development at the time of the sale by the following scenario. Eighteen (18) families must be TANF or TANF eligible