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�oantp of ® _.._ <br /> 5 <br /> a <br /> 17 52 <br /> Olt Cato <br /> w <br /> O <br /> Orange County - <br /> Housing and Community Development <br /> Date: February 25, 2002 <br /> To: Rod Visser, Assistant County Manager <br /> From: Tara L. Fikes <br /> Subject: Heritage Hills <br /> Wilbert and I met and developed the following options/estimates for the FEMA houses in <br /> Heritage Hills. Please note that some numbers may have changed slightly from our <br /> earlier conversation. <br /> Option 1 — Removal/Relocation/Reuse <br /> A. Little River Park <br /> 611 Yorktown Dr. (House Moving Cost) $22,500 <br /> Set-up/Foundation; Clearing; Footings $12,000 <br /> Replace bricks $ 5,000 <br /> Rehab $33,500 <br /> Deconstruction/Clearing of remaining lot $10,000 <br /> Total $83,000 <br /> B. Affordable Housing <br /> Vacant lot on Wentworth Street in Chapel Hill (Pine Knolls Community) <br /> 609 Yorktown Dr. (House Moving Cost) $ 9,500 <br /> Set-up/Foundation; Clearing; Footings $12,000 <br /> Rehab $55, 500 <br /> Deconstruction/Clearing of remaining lot $11,000 <br /> Total $88,000 <br /> Additional Considerations <br /> - Property presently owned by the Orange County Housing Authority must be <br /> deeded to the participating non-profit organization. <br /> - The County must enter into a legally binding agreement with the participating <br /> non-profit organization to prepare the house for resale to a low-income family. <br /> The County must provide the funds necessary to carry out the project. <br /> Available resources include the Affordable Housing Trust Fund and/or <br /> Housing Bond funds. <br />