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2020-234-E Housing - EmPOWERment Inc. Hillmont development agreement
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2020-234-E Housing - EmPOWERment Inc. Hillmont development agreement
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5/6/2020 2:22:26 PM
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4/16/2020 4:51:12 PM
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DocuSign Envelope ID:002619DF-54F2-4EEA-B4A8-14714544BAC0 <br /> EXHIBIT C <br /> Project Budget <br /> Acquisition of Property $145,201.00 <br /> Total $145,201.00 <br /> Source of Funds <br /> Orange County FY 2019-20 HOME Funds $85,000.00 <br /> Orange County FY 2018-19 HOME CHDO Set-Aside Funds $60,201.00 <br /> Total $145,201.00 <br /> Owner may not request disbursement of funds under this Agreement until the funds are needed for <br /> payment of eligible costs. The amount of each request must be limited to eligible costs as <br /> determined by the County's Housing and Community Development Department("OCHCD"). <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 />
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