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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: June 3, 2008 <br />Action Agenda <br />Item No. ~{- - p <br />SUBJECT: Orange County HOME Consortium Agreement <br />DEPARTMENT: Housing/Community Dev. PUBIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Resolution <br />HOME Consortium Agreement <br />INFORMATION CONTACT: <br />Tara L. Fikes, 245-2490 <br />PURPOSE: To adopt a resolution authorizing the execution of a HOME Consortium Agreement <br />for the period July 1, 2008 through June 30, 2011. <br />BACKGROUND: In August 1992, the Orange County HOME Consortium was formed by <br />mutual consent of the Towns of Carrboro, Chapel Hill, and Hillsborough and Orange County. <br />The County is designated as lead entity and thus responsible for program administration. At <br />that time, the elected bodies of the member governments approved a Consortium Agreement. <br />Renewal agreements were executed in June 1996, August 1999, May 2002; and June 2005. It <br />is now time to renew the current agreement for another three year period (July 1, 2008 through <br />June 30, 2011) in order to continue to participate in the HOME Investment Partnership Program. <br />The HOME Program Review Committee, comprised of the Manager or his designee and one <br />elected official from each jurisdiction, has discussed renewal of the HOME Program Consortium <br />Agreement and a new Agreement has been prepared which is in the form of the Original <br />Agreement and subsequent amendments and renewals. The HOME Program Review <br />Committee has reviewed the Agreement and agrees to continue the Consortium arrangements <br />in its current form. <br />The renewal HOME Consortium Agreement is due to the Greensboro office of HUD by June 30, <br />2008. The document must be approved and executed by all member governments prior to <br />submission to HUD. The Towns of Carrboro and Hillsborough have approved the document <br />and the Town of Chapel Hill is scheduling approval at their June meeting. <br />The Agreement has been forwarded to the County Attorney for his review and approval prior to <br />submission to the HUD office. <br />FINANCIAL IMPACT: Execution of the document will enable the Orange County Consortium to <br />continue to receive an annual allocation of Federal HOME funds that have averaged $650,000 <br />per annum in recent years. <br />