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Agenda - 01-23-2007-5s
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Agenda - 01-23-2007-5s
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9/2/2008 12:20:43 AM
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8/28/2008 11:13:20 AM
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BOCC
Date
1/23/2007
Document Type
Agenda
Agenda Item
5s
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Minutes - 20070123
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\Board of County Commissioners\Minutes - Approved\2000's\2007
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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: January 23, 2007 <br />Action Agenda <br />Item No. -' <br />SUBJECT: Impact Fee Reimbursement <br />DEPARTMENT: Housing/Comm. Development PUBIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />INFORMATION CONTACT: <br />Tara L. Fikes, (919) 245-2490 <br />PURPOSE: To approve the impact fee reimbursement request from Habitat for Humanity of <br />Orange County, NC, Inc. for $29,628 for eight new homes. <br />BACKGROUND: On November 1, 1995, the BOCC approved a policy for impact fee <br />reimbursement to Idcal non-profit organizations that met the established eligibility criteria. This <br />policy was last revised on March 4, 1998. <br />The policy requires the following: <br />1. Housing must be developed for first-time homebuyers with incomes at or below 80% <br />of HUD published median income for the Raleigh-Durham-Chapel Hill, NC MSA; <br />2. Affordable housing is defined as owner-occupied housing which can be purchased for <br />no more than 2.5 times annual family income; and <br />3. The non-profit organization must certify in writing that, for owner-occupied housing, it <br />will remain affordable to the anticipated beneficiary or beneficiaries for a period of a <br />minimum of ninety-nine (99) years. A Declaration of Restrictive Covenants will secure <br />this requirement. <br />4. The non-profit organization is responsible for providing documentation of impact fee <br />payment. <br />The County has received a reimbursement request for $29,628 from Habitat for Humanity of <br />Orange County, NC, Inc. (HHOC) for eight (8) new homes - four (4) in the Rusch Hollow <br />Subdivision in Chapel Hill and four (4) in the Richmond Hills Subdivision. HHOC has provided <br />evidence that the impact fee for all homes has been paid and the houses have been sold to <br />low-income homebuyers. <br />The request has been reviewed in accordance with the above stated eligibility criteria and <br />determined eligible for reimbursement.
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