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2 <br /> period of 99 years. This requirement is secured by a Declaration of Restrictive Covenants that <br /> will incorporate a right of first refusal that may be exercised by Habitat and/or Orange County. <br /> FINANCIAL IMPACT: <br /> The Development Agreement governs the expenditure of$100,000 in FY 2000 HOME funding. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the Development <br /> Agreement with Habitat for Humanity of Orange County, NC, Inc. for HOME funding available <br /> under the Community Revitalization Loan Fund and authorize the Chair to execute the <br /> Development Agreement on behalf of the Orange County HOME Consortium. <br />