Agenda - 01-16-1996 - VIII-E - Laserfiche WebLink

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v 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No Y. ACTION AGENDA ITEM ABSTRACT Meeting Date: January 16, 1996 SUBJECT: HOME Program - Abbotts Colony ------------------------------------------------------------------------------------- DEPARTMENT: Housing/Comm. Dev. PUBLIC HEARING YE3 NO _x- ---------------------------------- -------------------------------------------------- ATTACEMENT(S) : INFORMATION CONTACT Development Agreement Tara L. Fikes, x 2490 TELEPHONE NUMBER Hillsborough 732-8181 Chapel Hill 968-4501 Mebane 227-2031 Durham 688-7331 -------------------------------------------------------------------------------------- PURPOSE: To authorize the transfer of two lots in Abbotts Colony in Chapel Hill from the Orange Community Housing Corporation to the Joint Orange Chatham Community Action Agency, Inc. (JOCCA) and authorize the Chair to execute the Development Agreement with this agency on behalf of the Orange County HOME Consortium. BACKGROUND: On July 27, 1993, the County entered into a Development Agreement with the Orange Community Housing Corporation (OCHC) . This agreement provided $50,000 in County HOME funds to acquire three lots in the Abbotts Colony subdivision in Chapel Hill and obligated OCHC to build three houses on these lots for sale to first-time homebuyers. OCHC, in turn, should have constructed three homes for selected buyers and completed the sale of the homes by December 31, 1994. Due to nonperformance, the agreement was amended to change the completion date to September 30, 1995. One house was constructed and sold to a qualifying family, however, the remaining two lots have not been developed. In order to fulfill the Orange County HOME Consortium's federal program responsibilities, the HOME Council has discussed this situation and proposes the following course of action. JOCCA has expressed an interest and willingness to develop these lots within the next 12 months. Therefore, the Orange County HOME Council recommends the transfer of the two Abbotts Colony lots to the Joint Orange Chatham Community Action Agency, Inc. . Upon transfer, the existing note and deed of trust with OCHC will be released and a new note and deed of trust in the same form shall be executed by JOCCA. In addition, a Development Agreement must be executed in the form of the document included with this abstract upon approval by the County Attorney. County staff has spoken with Bill Bunting, Housing Production Officer of the N.C. Housing Finance Agency, the funding source, and they have provided a verbal agreement with this recommendation. The County is the lead entity for the Orange HOME Consortium and as such acts in a representative capacity for all members of the Consortium in administering the HOME Program. RECCW43NDATION: The Manager recommends authorizing the transfer of two lots in Abbotts Colony in Chapel Hill from the Orange Community Housing Corporation to the Joint Orange Chatham Comprehensive Community Action Agency, Inc. (JOCCA) and authorize the Chair to execute the Development Agreement with this agency on behalf of the Orange County HOME Consortium upon the County Attorney's review and approval.