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<br />RECD JpN 0 5 2006 <br />~"~ Habitat for Humanity <br />®~ Orange County, NC, Inc, <br />1829 E. Franklin St. #1200B • Chapel Hill, NC 27514 • (919)932-7077, Fnx (919)932,7079 • info®orangehabitat.org <br />January 5, 2006 <br />Tara Fikes, Director <br />Orange County Housing and Community Development <br />PO Box 8181 <br />Hillsborough, NC 27278 <br />Deaz Tara: <br />I am writing to request apre-application meeting for funding for land banking from the Orange County <br />Affordable Housing Bond Prograrn, Habitat has a contract for the purchase of ten lots in the Highland <br />Woods subdivision, which is located in the northern Fairview Neighborhood in Hillsborough. Habitat <br />already awns eight lots in this subdivision, which were donated to us by the same owner at the end of <br />2005. Habitat, along with the owner of the ten lots we have under contract, will seek voluntary <br />annexation of all 18 of the lots by the Town of Hillsborough in the next few months, The Town of <br />Hillsborough has also committed to extending sewer and water to the lots, once the town annexes the <br />lots. (See attached resolution from Town of Hillsborough) <br />The contract price for the ten lots is $155,000. Habitat will be requesting 75% of the purchase price, or <br />$116,250, from the Affordable Housing Bond Program, with the balance of $38,750 plus related pre- <br />development and closing costs, coming from Habitat's funds. We would like to close on the lots by the <br />end of our fiscal year, which is June 30, 2006. Hopefully, this gives you and the Project Review and <br />Selection Committee adequate time to make its recommendation to the BOCC, <br />I am enclosing the contract, the appraisal, and the Phase I for the lots, <br />I look forwazd to heazing from you regarding a date for the pre-application meeting, <br />Sincerely, <br />Executive Director <br />Cc: Mazgazet Hauth <br />