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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> ACTION AGENDA ITEM ABSTRACT Item No V °� <br /> Meeting Date: December 20, 1994 <br /> SUBJECT: HOME Program/Development Agreement Amendment <br /> DEPARTMENT: Housing/Comm. Dev. <br /> PUBLIC HEARING YES NO x <br /> ATTACHMENT(S) : INFORMATION CONTACT <br /> Amendment <br /> Tara L. Fikes, x 2490 <br /> TELEPHONE NUMBER <br /> Hillsborough 732-8181 <br /> Chapel Hill 968-4501 <br /> Mebane 227-2031 <br /> Durham 688-7331 <br /> PURPOSE: To approve an Amendment to the Development Agreement with the <br /> Orange Community Housing Corporation (OCHC) for the Abbotts Colony/HOME <br /> Program. <br /> BACKGROUND: The Board of Commissioners approved a Development Agreement <br /> with the Orange Community Housing Corporation (OCHC) requiring OCHC to <br /> acquire and develop four (4 ) vacant lots in the Abbotts Colony <br /> subdivision off Legion Road in Chapel Hill. The acquisition of the <br /> property was financed using $50,000 in HOME funds awarded to the Orange <br /> County HOME Consortium. The property was purchased in August 1993. <br /> Since that time, OCHC has had conversations with a couple of large <br /> builders who initially expressed interest and later declined to submit <br /> bids due to their lack of interest in "small" projects. Subsequently, <br /> OCHC solicited bids from smaller firms who submitted bids ranging from <br /> $68,000 to $72, 000 which are considered too expensive for the target <br /> population. OCHC is continuing to try to locate a builder for these <br /> sites. <br /> The original Agreement stated that the first three lots would be <br /> developed and houses sold by December 31, 1994 . However, due to the <br /> difficulties previously described, OCHC will not be able to meet this <br /> deadline. <br /> A new completion date of September 30, 1995 has been negotiated with <br /> OCHC and the HOME Program Council. Therefore, the Agreement needs to be <br /> amended to reflect the new completion date. <br /> RECOMMENDATION: <br /> The Manager recommends that the Board approve an amendment to the <br /> Development Agreement with the Orange Community Housing Corporation <br /> (OCHC) for the Abbotts Colony/HOME Program and authorize the Chair to <br /> sign the amendment on behalf of the Board. <br />