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Agenda - 12-12-2017 - 6-b - Amendment to Community Home Trust’s Affordable Housing Bond Development Agreement
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Agenda - 12-12-2017 - 6-b - Amendment to Community Home Trust’s Affordable Housing Bond Development Agreement
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12/8/2017 7:07:58 AM
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BOCC
Date
12/12/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6b
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8 <br /> iv The CHT shall maintain records verifying the affordability of the dwelling units <br /> g Notices„ Any Notice shall be in writing and shall be given by depositing the <br /> same in the United States mail, post-paid and registered or certified, and addressed to the party <br /> to be notified,with return-receipt requested, or by delivering the same in person to an officer or <br /> principal of such party. Notice deposited in the mail in the manner here in above described <br /> shall be effective upon mailing.. For purposes of Notice, the addresses of the parties shall, <br /> unless changed as hereinafter provided,be as follows: <br /> i. To the County: Orange County <br /> c/o Housing, Human Rights and Community • <br /> Development <br /> Department <br /> PO Box 8181 <br /> Hillsborough,NC 2:7278 <br /> ATTN: Director <br /> To the CHT: Community Home Trust <br /> P.O.Box 307 <br /> Carrboro,NC 27510 <br /> AT TN: Executive Director <br /> Either the County or the CHI may change the person or address to which any future Notice <br /> shall be given as herein provided.. <br /> h. No Assignment. No transfer or assignment of the interest of' the CHT in this <br /> Agreement shall occur without the prior written consent of the County; neither' may the CHT <br /> assign this Agreement without the prior written consent of County. <br /> r —Conflict of Interest—The-CHT shall be aware of and observe the requirements <br /> of the Orange County Affordable Housing Bond Program which provides that no member of the <br /> Orange County Board of' Commissioners shall be admitted to any share or part of this <br /> Agreement or to any benefit to arise from the same The CHT shall also be aware of and <br /> observe the requirements which states that no member, officer, or employee of Orange County <br /> or its designees or agents, no member of the governing body of the locality who exercised any <br /> functions or responsibilities with respect to the program during his/her tenure or for one year <br /> thereafter, shall have any private interest, direct or indirect, in this contract or any subcontract, <br /> or the proceeds thereof; for work to be performed in connection with the program assisted under <br /> the agreement <br /> j. Binding Effect. Ihis Agreement shall be binding upon and shall inure to the <br /> benefit of the parties hereto and their respective successors and assigns.. <br /> 6 <br />
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