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.y <br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />Action Agenda <br />Item No —v TX <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: May 15, 1990 <br />SUBJECT: Grant Project Ordinance - Culbreth Park Affordable Housing <br />Project <br />DEPARTMENT Budget PUBLIC HEARING YES NO X <br />ATTACHMENT(S) INFORMATION CONTACT <br />Budget Office, ext 2450 <br />Grant Project Ordinance TELEPHONE NUMBER <br />CDBG Grant Letter Hillsborough 732 -8181 <br />Chapel Hill 968 -4501 <br />Mebane 227 -2031 <br />Durham 688-7331 <br />PURPOSE: To adopt a grant project ordinance for the Culbreth Park <br />Affordable Housing Project. <br />BACKGROUND: On December 22, 1989, Orange County received notification <br />from the North Carolina Department of Economic and Community <br />Development that the County's application for Commmunity Development <br />Block Grant (CDBG) funding of $2,250,000 for the Culbreth Park <br />Affordable Housing Project had been approved, subject to certain <br />conditions. The County has fulfilled the stated conditions required <br />for the grant to become final, and a grant agreement and funding <br />approval was executed on April 30, 1990. <br />The proposed grant project ordinance will authorize the undertaking of <br />the Culbreth Park Affordable Housing Project, will budget grant <br />revenues to finance the project, and will make appropriations of <br />$2,250,000 to complete the project. <br />RECOMMENDATION(S): Approve the proposed grant project ordinance. <br />