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NORTH CAROLINA <br /> ORANGE COUNTY <br /> AMENDMENT TO DEVELOPMENT AGREEMENT <br /> THIS AMENDMENT, made and entered into this the 10 day of December, 2012 by <br /> and between ORANGE COUNTY, a general local governmental unit of the State of North <br /> Carolina, (hereinafter referred to as the "County") and INTER-CHURCH HOUSING <br /> CORPORATION, a North Carolina non-profit housing organization (hereinafter referred to as <br /> "Owner") (both collectively referred to as the "Parties"). <br /> WITNESSTH <br /> WHEREAS, the County and Owner entered into a"Development Agreement" ("Original <br /> Agreement"), dated July 22, 2011 in which the County on behalf of the Orange County HOME <br /> Consortium designated FY 2010 HOME funds to Owner to assist in the rehabilitation of two (2) <br /> low-income apartment complexes in Chapel Hill known as Chase Park and Elliott Woods; and <br /> WHEREAS, the Orange County HOME Consortium has designated approximately <br /> $37,000 in FY 2012 HOME funds to assist in the rehabilitation of two (2) low-income apartment <br /> complexes in Chapel Hill known as Chase Park and Elliott Woods; and <br /> WHEREAS, the County and Owner desire to amend the Original Agreement, while <br /> keeping in effect all terms and conditions of the Original Agreement not inconsistent with the <br /> terms and conditions set forth below. <br /> NOW THEREFORE, for and in consideration of the mutual covenants and agreements <br /> made herein, the Parties agree to amend the following sections of the Original Agreement as <br /> follows: <br /> 1. In Section I1. Amo unt cfLTOME Funds/Form of Suhsidv amend as follows: <br /> The County shall make available to the Owner up to One Hundred Thirty-Seven <br /> Thousand Five Hundred Dollars ($137,500) pursuant to this Agreement. Said funds <br /> shall be disbursed by the County to the Provider for performance of the services <br /> described in Exhibit B <br /> 2. Delete Section III. Lien Position in its entirety. <br /> 3. Exhibit B: Scope of Services shall be amended to add the following: <br /> Repair of: <br /> 1. Pooling water around buildings at Elliott Woods and Chase Park <br /> 1 <br />