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z <br />will require full repayment of the impact fee reimbursement should the property not remain <br />affordable for the 99 year period. <br />FINANCIAL IMPACT: The approved 2000-01 budget included a total of $127,500 for <br />reimbursement ofi impact fees. This amount includes funds for reimbursements to Habitat for <br />Humanity ($6,000), Orange Community Housing Corporation ($42,000), and First Baptist <br />Church ($63,000). The amount for First Baptist will be combined with funds appropriated by the <br />Board in fiscal year 1999-00 for a total of $123,000. Thus, the total reimbursement expenditure <br />for this fiscal year is estimated to be $171,000. <br />RECOMMENDATION(S): The Manager recommends that the Board approve an Agreement <br />for Impact Fee Reimbursement document and authorize the Manager to execute this document <br />for approved impact fee reimbursements. <br />