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3. If CHT is expected to implement a change in a particular housing policy for <br />County or Towns, the applicable local government will consult with CHT to <br />obtain input prior to initiating a new policy or requirement that will impact <br />CHT's work. <br />4. County and Towns will promote their affordable home ownership and <br />inclusionary housing policies to their own employees and support CHT's <br />efforts to sell homes to local government employees. <br />E. Accountability to County and Towns <br />1. CHT will provide required documentation for every sale and resale of a <br />property that includes subsidies provided by the local governments; <br />2. CHT will provide a quarterly report to County and Towns with <br />information about sales, subsidies, challenges and other requested data; <br />3. CHT will provide an annual audit to the County and Towns; <br />4. CHT will provide interim financial statements as requested; <br />5. CHT will provide data on home sales, subsidy use and other indicators <br />as requested; <br />6. CHT will provide an annual operating budget, including a minimum <br />cash reserve amount, an accounting of homes added to the portfolio and <br />a calculation of the additional funding requirements. <br />TOWN OF CARRBORO <br />Town Manager <br />ATTEST: <br />Town Clerk <br />NORTH CAROLINA <br />ORANGE COUNTY <br />Approved draft March 8, 2014 <br />