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<br />Exhibit C <br /> <br />PROJECT BUDGET <br /> <br /> <br />Proposed Uses of Funds <br /> <br />Demolition, infrastructure and site improvement $165,840.00 <br /> <br /> <br />Total Uses of Funds $165,840.00 <br /> <br />Sources of Funds <br /> <br /> <br />Orange County FY 16 Affordable Housing Bond Funds $ 165,840.00 <br /> <br />Total Sources of Funds $ 165,840.00 <br /> <br /> <br />InChuCo may not request disbursement of funds under this Agreement until the funds are needed <br />for 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 (“HCD"). <br /> <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 /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DocuSign Envelope ID: D9F5DB48-6B35-4950-A760-8532DDEBD76E