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5 <br /> Letter to John Link <br /> Reimbursement of Impact Fees <br /> January 27, 1997 <br /> Page 4 <br /> Project plans are Our construction plans have been approved by the Greensboro <br /> nearing their final office of HUD. The have been sent to Washington and we <br /> approval at HUD y � <br /> and Carrboro. anticipate hearing of final approval within the next few weeks. <br /> Once we have that notice from HUD we have sixty days to have a <br /> building permit and show that there is no incumbrance on the <br /> project. Closing with HUD is anticipated at the end of March or <br /> mid April. <br /> Our building plans are being reviewed by Carrboro this month. We <br /> Occupancy anticipate a building permit from Carrboro by late February or early <br /> anticipated in May March. This corresponds with the HUD schedule with whom we <br /> 1998. should be concluding our final commitment in March or mid-April <br /> at latest. We expect construction to begin this spring with <br /> occupancy in May of 1998. <br /> Commitment from For closing with HUD in late March or early April we will need a <br /> Orange county to commitment from Orange County to reimburse the$120,000 in <br /> reimburse the <br /> school impact school impact fees. We would be happy to discuss this project and <br /> fees needed. our request with any persons you think appropriate. Thank you. <br /> Sincerely, i <br /> e <br /> Tye Hunter Nancy A ater <br /> Co-Chairs, UCC Living Center Board of Directors <br /> Att: Floor plan and example of a unit at Covenant Place <br /> cc: Orange County Commissioners <br /> Tara Fikes, Housing and Community Development Director <br />