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3 <br />RESOLUTION AUTHORIZING THE EXECUTION OF A <br />HOME INVESTMENT PARTNERSHIP (HOME) PROGRAM CONSORTIUM <br />AGREEMENT <br />WHEREAS, on June 29, 1992, the Orange County Boazd of Commissioners approved participation <br />of the County in the Orange County HOME Consortium; and <br />WHEREAS, the Towns of Carrboro, Chapel Hill, and Hillsborough and Orange County aze <br />currently members of the Orange County HOME Consortium established on or about August .3, <br />1992; and <br />WHEREAS, the current Orange County HOME Consortium Agreement expires on June .30, 2005; <br />and <br />WHEREAS, the Orange County HOME Consortium desires to continue to be considered for <br />eligibility under the federal HOME Program operated by the U.S. Department of Housing and <br />Urban Development as authorized under the National Affordable Housing Act, as amended; <br />NOW THEREFORE BE IT RESOLVED, that the Orange County Board of Commissioners <br />authorizes the County Manager to execute the approved HOME Consortium Agreement for the <br />period July 1, 2005 to .Tune 30, 2008, and future agreements for future periods not materially <br />different from the July 1, 2005 to .June .30, 2008 agreement, subject to approval as to form by the <br />County Attorney. <br />This the .3`~ day of May 2005.. <br />