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EXHIBIT C <br /> Project Budget <br /> Acquisition $60,000 <br /> Appraisal 350 <br /> HOA Assessment 10,816 <br /> Closing Costs 2,000 <br /> Reserves 5,334 <br /> Appliances 4,000 <br /> Minor Plumbing/Electrical 1,000 <br /> Flooring 3,500 <br /> Painting 3,000 <br /> TOTAL $90,000 <br /> Source of Funds <br /> Orange County HOME Funds $90,000 <br /> Owner may not request disbursement of funds under this Agreement until the funds are needed <br /> for payment of eligible costs. The amount of each request must be limited to eligible costs as <br /> determined by the County's Housing and Community Development Department ("OCHCD"). <br /> Funds may be shifted between line items of the Project without prior approval of the County only <br /> to the extent of"Minor Adjustments," defined as actions which do not result in a change in the <br /> Project and so long as such Minor Adjustments do not exceed ten percent (10%) of the line item <br /> total from which the funds are being removed or to which the funds are being added, there is no <br /> increase to the Total Renovation Cost specified in the above budget, and there are only minor <br /> changes to the Plans and Specifications. <br />