Orange County NC Website
Rev August 8, 2018 <br />Exhibit B <br /> <br />PROPOSED BUDGET <br /> <br /> <br />Proposed Uses of Funds <br /> <br />Housing Rehabilitation <br /> <br />2016-17 $ 50,000 <br />2017-18 $ 28,538 <br /> <br />Total Uses of Funds $ 78,538 <br /> <br />Sources of Funds <br /> <br /> <br />Orange County 2016-17 HOME funds $ 50,000 <br />Orange County 2017-18 HOME funds $ 28,538 <br /> <br />Total Sources of Funds $ 78,538 <br /> <br /> <br />Rebuilding Together may not request disbursement of funds under this Agreement until the <br />funds are needed for payment of eligible costs. The amount of each request must be limited to <br />eligible costs as determined by the County’s Housing and Community Development Department <br />(“HCD”). <br /> <br />Funds may be shifted between line items of the Project without prior approval of the County only <br />to the extent of “Minor Adjustments,” defined as actions which do not result in a change in the <br />Project and so long as such Minor Adjustments do not exceed ten percent (10%) of the line item <br />total from which the funds are being removed or to which the funds are being added, there is no <br />increase to the Total Renovation Cost specified in the above budget, and there are only minor <br />changes to the Plans and Specifications. <br /> <br />DocuSign Envelope ID: 62EC95C2-2AA8-49D7-B576-F94193C9DB65