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