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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> Action Agenda <br /> Item No. IML. <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 29, 1993 <br /> SUBJECT: HOME Program/Development Agreement <br /> DEPARTMENT: Housing/Comm. Dev. PUBLIC HEARING YES: NO: x <br /> ATTACHMENT(S) : INFORMATION CONTACT: Tara L. Fikes <br /> Development Agreement <br /> TELEPHONE NUMBER- <br /> Hillsborough - 732-8181 <br /> Chapel Hill - 968-4501 <br /> Mebane - 227-2031 <br /> Durham - 688-7331 <br /> PURPOSE: To approve the Development Agreement with the Orange <br /> Community Housing Corporation (OCHC) for the Abbotts Colony/HOME Program. <br /> BACKGROUND: Approximately 50 000 in HOME funds awarded to the Orange <br /> PP Y $ g <br /> County HOME Consortium is designated for the acquisition of four vacant <br /> lots in the Abotts Colony subdivision off Legion Road in Chapel Hill. <br /> These lots are in an existing subdivision and will be purchased and <br /> developed by the Orange Community Housing Corporation (OCHC) . <br /> Since the HOME funds will be expended by OCHC, Orange County as lead <br /> entity for the Consortium must enter into a legally enforceable agreement <br /> between the County and OCHC requiring OCHC to carry out the activities <br /> proposed in the original grant application in accordance with applicable <br /> HOME Program regulations. <br /> This document has been prepared for review by the County Attorney. <br /> RECOMMENDATION(S) : The Manager recommends approval of the Development <br /> Agreement with the Orange Community Housing Corporation for the Abbott 's <br /> Colony and authorize the Chair to sign the document on behalf of the <br /> Board upon approval by the County Attorney. <br />