Agenda 05-21-19 8-a - Minutes - Laserfiche WebLink

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17 1 out later this month, if all local boards approve this. He said the goal is to get as many people 2 connected as soon as possible. 3 Commissioner Dorosin asked, if one does not sign up until the third year, would one still 4 be eligible for the no interest loan for the other 50%. 5 Craig Benedict said yes. 6 Commissioner Dorosin asked if the Board wants to add in a provision that the loan will 7 be forgiven over time, to incentivize people to remain in the community. 8 Chair Rich said this was discussed at the Rogers Road meeting, and it was concluded 9 that if the owner moves before the ten year loan was up, the loan follows with the people that 10 buy the property. 11 Craig Benedict said that is correct. 12 Commissioner Dorosin said he wanted the loan to go away after a period of time, unless 13 it is transferred outside of the family. He said forgiving the loan incentivizes people to stay and 14 not sell out to developers. He said if the property goes to a developer, or non-family member, 15 the loan should be due immediately. He said he hopes residents will be eager to connect 16 quickly, within the first two years, and the composition of the neighborhood can remain the 17 same. 18 Craig Benedict said the interlocal agreement covers the low to moderate income 19 families, and asked if Commissioner Dorosin wants more information about the 10-year loan, 20 and if there could be provisions regarding owners staying in the homes. He said this would be 21 a policy regarding the 10-year, no interest loan. 22 Commissioner Dorosin said yes, and he wants to think more about all of this, and find 23 ways to reduce or remove the burden of the loan. 24 Commissioner Dorosin asked if the cut off for low to moderate income in Orange County 25 could be identified. 26 Craig Benedict said the Housing Department would evaluate the criteria. 27 Sherrill Hampton said it depends on the number of people in a household, and she can 28 send the Board the current table tomorrow. She said the new income limits will come out in 29 June 2019. 30 Commissioner Dorosin asked if the estimate of the cost per house includes a flat fee 31 that gets paid to OWASA. 32 Craig Benedict said the fee is based on the house size, and some changes have been 33 made to make it less money for the smaller house. 34 Commissioner Dorosin clarified that it is not based on the income of the resident. 35 Craig Benedict said no. 36 Commissioner Dorosin said lowest amount is $3000, and about a 1/3 of the estimated 37 costs are just fees getting paid to OWASA. He said this is counterintuitive and 38 counterproductive. 39 Commissioner Dorosin asked John Roberts if the Board is legally prohibited from 40 assisting residents that are not low to moderate income. 41 John Roberts said no, the Board is not legally prohibited, but if the Board sets up a 42 program to benefit a small group of people in this area, who do not qualify as low to moderate 43 income, then the program would have to be available to every other similarly situated person in 44 the County. 45 Commissioner Dorosin asked if the Board could declare this area an economic 46 redevelopment district. 47 John Roberts said he would have to research this. 48 Commissioner Dorosin said he would like to keep this community intact, and he would 49 appreciate any tweaking on this. He said he is very grateful for, and encouraged by, all the 50 work that has been done so far.