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2. "An assurance that all CDBG funds and program income <br />generated will be expended outside the corporate city <br />limits of Chapel Hill." <br />* No program income will be generated by this project <br />and the County can assure that funds will only be used <br />in the Chestnut Oaks subdivision by letter to ECD. <br />3. "Documentation that the non -CDBG funds necessary to <br />complete the project are committed.,' <br />* The sources of non -CDBG funds committed to the <br />project include the $251.000 County contribution and the <br />commitment of construction of eleven homes by Habitat at <br />an estimated cost of $226,000. <br />The County has appropriated funds in the 1990 -91 budget <br />to provide the $25,000 and can certify this contribution <br />by letter to ECD. <br />Habitat has approximately $100,000 on hand and must <br />commit to providing the additional $126,000 necessary to <br />fulfill their obligation. County. staff is working with <br />Habitat to identify ways the organization can provide <br />evidence of the availability of the remaining funds <br />needed. <br />Summary <br />The County anticipates submitting all necessary documentation <br />to the State within sixty days (March 8, 1991). Following <br />this schedule, a grant agreement could be executed in April <br />1991 and the project begun immediately thereafter. <br />M <br />Y <br />