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30 <br /> Chair McKee said design engineering is $60 or $70 million. He said the County is <br /> being asked to absorb another $60 million on an unknown before the County is being asked to <br /> commit formally. <br /> Danny Rogers said FTA is asking the County to commit. He said they do not want to <br /> commit to spending the $60 or $70 million, without an understanding from the sponsoring <br /> governments that this is desired. <br /> A motion was made by Commissioner Pelissier, seconded by Commissioner Rich to <br /> add NCCU station extension to the program and for Commissioner Jacobs to provide <br /> comments on the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization <br /> amendments: <br /> a. to the definition of its Locally Preferred Alternative (LPA) for the D-O LRT <br /> project; <br /> b. to the 2040 Metropolitan Transportation Plan (MTP) for the D-O LRT project. <br /> VOTE: 6-0 <br /> Commissioner Jacobs asked if there is an urgency to have a closed session tonight. <br /> Rich Shaw, Land Conservation Manager, said no. <br /> A motion was made by Commissioner Dorosin, seconded by Commissioner Rich <br /> postpone their closed session meet and defer it to the December 13th meeting. <br /> VOTE: UNANIMOUS <br /> d. Cancellation of a Declaration of Restrictive Covenants <br /> The Board considered approving the cancellation of the declaration of restrictive <br /> covenants on real property (a single family home) located at 305 Pleasant Drive, Carrboro, NC. <br /> Audrey Spencer-Horsley, Director of Housing, Human Rights and Community <br /> Development, reviewed the following background: <br /> BACKGROUND: Housing projects that are funded with Orange County HOME Program funds <br /> are subject to the County's 99-year long-term affordability policy. Community Home Trust <br /> (CHT), formerly known as Orange County Housing and Land Trust (OCHLT), is requesting to <br /> sell one of the affordable homes out the housing portfolio. The home, located at 305 Pleasant <br /> Drive, Carrboro, NC was purchased by OCHLT in June 2000 and renovated in 2002 using <br /> $30,000 of HOME funds. The property was then sold to a low-income homebuyer. <br /> CHT re-purchased the home from the owner in 2014 and has determined that it is not in a <br /> suitable condition to convey to a new buyer without extensive renovations. CHT estimates that <br /> it will take more than $100,000 to remodel the home. The declaration of restrictive covenants <br /> will need to be cancelled in order for CHT to provide clear title. The property will be sold on the <br /> private market. There is a memorandum in the abstract from CHT Executive Director Robert <br /> Dowling that provides additional background information. <br /> Robert Dowling, Executive Director CHT, said this is not something the CHT does <br /> easily or naturally, but when the cost to upfit this home is considered, selling is the best route. <br /> He said CHT may take a loss, which CHT would ask the County to split with CHT. <br />