Orange County NC Website
Browse       Search
ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No. <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: November 19, 1997 <br /> SUBJECT: HOME Program- Creel Street <br /> DEPARTMENT: Housing and Community Development PUBLIC HEARING: (Y/N) <br /> BUDGET AMENDMENT: (Y/N) <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Development Agreement Tara L. Fikes <br /> TELEPHONE NUMBERS: -- ext. 2490 <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Durham 688-7331 <br /> Mebane 227-2031 <br /> PURPOSE: <br /> To authorize the transfer of one lot on Creel Street in Chapel Hill from the Orange Community <br /> Housing Corporation to EmPOWERment,Inc. and authorize the Chair to execute a Development <br /> Agreement with this agency on behalf of the Orange County HOME Consortium. <br /> BACKGROUND: <br /> In 1993, the Orange County HOME Consortium provided $16,000 in HOME funds to the Orange <br /> Community Housing Corporation to purchase a vacant lot on Creel Street in the Pine Knolls <br /> community with plans to build a house for a first time homebuyer. The Orange Community <br /> Housing Corporation(OCHC)has not developed this property to date. The OCHC Board of Directors <br /> has discussed the present situation and will not be able to move ahead with any new development <br /> plans until a new Director is on board. Meanwhile, officials at EmPOWERment, Inc. have expressed <br /> an interest and willingness to develop this lot within the next 12 months. <br /> Therefore, the Orange County HOME Council recommends the transfer of the vacant lot on Creel <br /> Street to EmPOWERment, Inc. . Upon transfer, the existing note and deed of trust with OCHC will <br /> be released and a new note and deed of trust in the same form shall be executed by EmPOWERment, <br /> Inc.. In addition, the County as the lead entity would enter into a Development Agreement with <br /> EmPOWERment,Inc. on behalf of the Orange County HOME Consortium. <br /> RECOMMENDATION(S): <br /> The Manager recommends the transfer of one lot on Creel Street in Chapel Hill from the Orange <br /> Community Housing Corporation to EmPOWERment, Inc. and authorize the Chair to execute a <br /> Development Agreement with this agency on behalf of the Orange County HOME Consortium <br /> upon the County Attorney's review and approval. <br />