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BT:834055v4 <br />EXHTBTT C <br />PROJECT BUDGET <br /> <br /> <br />Proposed Uses of Funds <br /> <br /> Rental Unit Construction $1,373,366 <br /> <br /> <br /> Total Uses of Funds $1,373,366 <br /> <br />Sources of Funds <br /> <br /> <br />Orange County FY 16 Affordable Housing Bond Funds $1,373,366.00 <br /> <br /> Total Sources of Funds $1,373,366.00 <br /> <br />Owner 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 the prior approval of the County <br />only to the extent of “Minor Adjustments,” defined as actions which do not result in a change in <br />the Project and so long as such Minor Adjustments do not exceed Ten Percent (10%) of the line <br />item total from which the funds are being removed ro to which the funds are being added, there is <br />no 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 />DocuSign Envelope ID: C902EFF9-56ED-450F-9212-1E71966C673A