Agenda - 02-15-1994 - VIII-H - Laserfiche WebLink

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' 1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda ACTION AGENDA ITEM ABSTRACT Item No.-I --}- Meeting Date: February 15, 1994 SUBJECT: HOME Program/Development Agreement ------------------------------- ---------------------------------- DEPARTMENT: Housing/Comm. Dev. PUBLIC HEARING YES: NO: x ------------------------------- ---------------------------------- ATTACHMENT(S) : INFORMATION CONTACT: Tara L. Fikes Development Agreement Ext. 2490 TELEPHONE NUMBER- Hillsborough - 732-8181 Chapel Hill - 968-4501 Mebane - 227-2031 Durham - 688-7331 ----------------------------------------------------------------------- PURPOSE: To approve the Development Agreement with the Orange Community Housing Corporation (OCHC) for the Creel St/HOME Program. BACKGROUND: Approximately $32,000 in HOME funds awarded to the Orange County HOME Consortium is designated for the acquisition of two vacant lots on Creel Street in Chapel Hill. These lots are located in the Knolls neighborhood and will be purchased and developed by the Orange Community Housing Corporation. Since the HOME funds will be expended by OCHC, Orange County as lead entity for the Consortium must enter into a legally enforceable agreement between the County and OCHC requiring OCHC to carry out the activities proposed in the grant application in accordance with applicable HOME Program regulations. This document has been prepared for review by the County Attorney. RECOMMENDATION(S) : The Manager recommends approval of the Development Agreement with the Orange Community Housing Corporation for the Creel Street Project and authorize the Chair to sign the document on behalf of the Board upon approval by the County Attorney.