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16 <br /> Program Income <br /> If the local government makes a loan to the developer,a plan for reuse of funds will be developed <br /> subject to Cl approval. <br /> Legally Binding Commitment(LBC) <br /> The local government will develop and execute a LBC with the non-profit or for profit developer subject <br /> to Division of Community Investment requirements. <br /> The applicant hereby assures and certifies that by his/her signature, its duly authorized official has <br /> read and understands the State CDBG Program Standards and,if funded,will adhere to all standards <br /> applicable to the funded project. <br /> Name of Chief Elected Barrylacobs <br /> Official <br /> Title Chair,Orange County Board of Commissioners <br /> Signature <br /> Date <br /> 3 <br />