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

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i 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No ACTION AGENDA ITEM ABSTRACT Meeting Date: January 16, 1996 SUBJECT: HOME Program - Creel Street -------------------------------- ------------------------------------------------- DEPARTMENT: Housing/Comm. Dev. PUBLIC HEARING YES NO x -------------------------------- ------------------------------------------------- ATTACHMENT(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 on Creel Street in Chapel Hill from the Orange Community Housing Corporation, one to the Joint Orange Chatham Community Action Agency, Inc. (JOCCA) and the other to Habitat for Humanity, Orange County, NC, Inc. and authorize the Chair to execute the Development Agreement with these two agencies on behalf of the Orange County HOME Consortium. BACKGROUND: On February 15, 1994, the County entered into a Development Agreement with the Orange Community Housing Corporation. This agreement provided $32,000 in County HOME funds to acquire two lots on Creel Street in Chapel Hill and obligated OCHC to build two houses on these lots for sale to first-time homebuyers. OCHC, in turn, should have constructed two homes for selected buyers and completed the sale of the homes by June 30, 1995. OCHC did not fulfill this obligation. Both JOCCA and Habitat for Humanity have expressed an interest and willingness to develop these lots within the next 12 months. Therefore, the Orange County HOME Council recommends the transfer of one lot to each of the two above named agencies. 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 and Habitat for Humanity. In addition, a Development Agreement must be executed with these agencies in the form of the document included with this abstract and approved 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 he has provided a verbal agreement with this recommendation. The County is the lead entity for the Orange County HOME Consortium and as such acts in a representative capacity for all members of the Consortium in administering the HOME Program. RECOMMENDATION: The Manager recommends authorizing the transfer of two lots on Creel Street in Carrboro from the Orange Community Housing Corporation one to the Joint Orange Chatham Community Action Agency, Inc. (JOCCA) and the other to Habitat for Humanity, Orange County, NC, Inc. and authorize the Chair to execute the Development Agreement with these two agencies upon the County Attorney's review and approval.