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10 <br /> 1 Commissioner Dorosin referred to the Link Center and Government Services Annex <br /> 2 remediation, and asked if these are items that have emerged more recently, or were these <br /> 3 parts of the original CIP. <br /> 4 Gary Donaldson said those are the exceptions that needed budget amendments. <br /> 5 Commissioner Price asked if the way this financing fits into the budget could be <br /> 6 clarified. <br /> 7 Gary Donaldson said staff utilizes a debt model that goes out 20 years, and one of the <br /> 8 metrics is a 15% debt service to revenues. He said that is taken into consideration when <br /> 9 preparing and updating the CIP. He said this information is shared with the LGC and the <br /> 10 rating agencies, which are very comfortable with the County's metrics. <br /> 11 Chair Rich clarified that the Board is not approving a $29.5 million number tonight. <br /> 12 Gary Donaldson said that is correct, and it is a "not to exceed". He said at the May 2Id <br /> 13 meeting, the BOCC will have the refined downsized amount, which is roughly $15.9 million. <br /> 14 <br /> 15 A motion was made by Commissioner McKee, seconded by Commissioner Price to <br /> 16 open the public hearing. <br /> 17 <br /> 18 VOTE: UNANIMOUS <br /> 19 <br /> 20 PUBLIC COMMENT: <br /> 21 NONE <br /> 22 <br /> 23 A motion was made by Commissioner Dorosin, seconded by Commissioner McKee to <br /> 24 close the Public Hearing. <br /> 25 <br /> 26 VOTE: UNANIMOUS <br /> 27 <br /> 28 A motion was made by Commissioner Greene, seconded by Commissioner Dorosin for <br /> 29 the Board to adopt the resolution supporting the application to the Local Government <br /> 30 Commission for approval of the financing <br /> 31 <br /> 32 VOTE: UNANIMOUS <br /> 33 <br /> 34 6. Regular Agenda <br /> 35 <br /> 36 a. Approval of a Financial Assistance Award to Community Home Trust for the <br /> 37 Landings at Winmore Apartment Complex <br /> 38 The Board considered adopting a resolution to approve a $60,000 financial assistance <br /> 39 award to Community Home Trust (CHT) to assist in ensuring adequate operational and capital <br /> 40 reserves as it relates to the Landings at Winmore Apartment Complex; and authorize the <br /> 41 County Manager to execute the necessary agreement with Community Home Trust (CHT) as it <br /> 42 relates to the $60,000 financial assistance award and include the necessary reporting <br /> 43 requirements in order to periodically review performance and ongoing improvement of the <br /> 44 identified challenges at the Landings at Winmore Apartment Complex. <br /> 45 Sherrill Hampton, Housing Director, presented this item: <br /> 46 <br /> 47 BACKGROUND: On February 15, 2019, CHT Executive Director Robert Dowling submitted a <br /> 48 request to the County Manager for financial assistance to aid the recently acquired Landings <br /> 49 at Winmore Apartment Complex as it relates to the complex's operational and capital reserves. <br /> 50 See below for additional information points: <br /> 51 <br />