Orange County NC Website
Browse       Search
050 <br /> RECOMMENDATION(S) : <br /> 1 ) Approve the contribution of $5 , 000 as pre-development seed money to the <br /> InterFaith Council . Funds should be taken from the Rental Rehab Income <br /> Account which presently has a balance of $22, 140 . <br /> 2 ) Commit a contribution of not more than $7 , 500 as the Minimum Capital <br /> Investment escrow for the project . These funds should be taken from the <br /> Rental Rehab Income Account when necessary. If a Fund Reservation is <br /> obtained in September, those funds are estimated to be needed in November <br /> 1989 . Funds should be taken from the Rental Rehab Income Account . <br />