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Agenda - 05-15-1990
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Agenda - 05-15-1990
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11/1/2017 12:16:56 PM
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BOCC
Date
5/15/1990
Meeting Type
Regular Meeting
Document Type
Agenda
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bedrooms, as determined by HCD. <br />7.14.4.5 Disclosure of Contract Terms to Potential Home - Buyers <br />a) Staff from the Planning Department and the Department <br />of Housing and Community Development shall meet with <br />the prospective buyer prior to the purchase to assure <br />that all terms of the contract are fully understood. <br />.Explanation of the terms of the contract shall <br />include the following implication: <br />i. Building permits for the improvements to the <br />structure may be obtained if the owner wishes <br />to remodel or construct an addition, or <br />construct accessory structures. However, there <br />is no assurance that the investment will be <br />regained if the unit is sold prior to the <br />expiration of the contract due to the <br />requirement that it be purchased by a moderate <br />income household. <br />b) Home - ownership counseling shall be made available to <br />first -time buyers to provide information on such <br />topics as insurance and maintenance. The counseling <br />shall be provided by the Department of Housing and <br />Community Development. <br />7.14.4.6 Conveyance of Property to Orange County <br />Land donated to Orange County pursuant to Article <br />7.4.14.2.d to enable a developer to obtain a density <br />bonus shall be donated in trust for the purpose of the <br />development of affordable housing. An agreement between <br />the developer and orange County and the instruments of <br />conveyance shall insure this trust as determined by the <br />County Attorney. <br />ARTICLE 22 DEFINITIONS <br />Family Income (new) - The gross annual sum of all income <br />received by all adult members of the household, including <br />- earned income from wages for all family members <br />over the age of 18: <br />- income from assets: <br />- child support, alimony, Welfare payments, Social <br />Security payments, including SSI, Worker's <br />Compensation and Unemployment benefits; <br />- Regular contributions and gifts; <br />- Income from a business; <br />- earned income tax credits; <br />- lump sum payments such as inheritance, insurance <br />settlements, and proceeds from sale of property; <br />and <br />
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