Orange County NC Website
<br />Exhibit C <br /> <br />PROJECT BUDGET <br /> <br /> <br />Proposed Uses of Funds <br /> <br />Infrastructure and site improvement $134,160.00 <br /> <br /> <br />Total Uses of Funds $134,160.00 <br /> <br />Sources of Funds <br /> <br /> <br />Orange County FY 16 Affordable Housing Bond Funds $ 134,160.00 <br /> <br />Total Sources of Funds $ 134,160.00 <br /> <br /> <br />Habitat 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: 32CE5800-8AE6-4AEC-B93D-DCC116731946