Orange County NC Website
Browse       Search
c r" <br /> 2 <br /> All loans will have a legally binding agreement with a lien against the property that would expire <br /> once the loan is repaid. The loan would be billed annually with the resident's property tax bill for <br /> the property. <br /> FINANCIAL IMPACT: Budget Amendment #4-D constitutes a one-time appropriation of the <br /> General Fund available fund balance of$100,000 to administer the fund. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve the <br /> establishment of the Community Loan Fund, and approve Budget Amendment #4-D, an <br /> appropriation of General Fund available fund balance of$100,000. <br />