Orange County NC Website
Browse       Search
i <br /> 46 <br /> Deed of Trust Documentation EXHIBIT H <br /> BUILDING REUSE PROGRAM—Revision#3 <br /> 2020-025.3201-2587 <br /> The Department of Commerce strongly encourages,but does not require,the Governmental Unit <br /> secure the funds loaned to the property owner,Industrial Connections&Solutions,LLC,with <br /> a Deed of Trust on the property. <br /> Please check the appropriate box below indicating the intention of the Governmental Unit: <br /> 17 The Governmental Unit will secure the funds with a Deed of Trust listing Orange <br /> County as the beneficiary in the amount of$500,000.00. <br /> Orange County("Governmental Unit")has elected NOT to secure with a deed of trust <br /> on the subject property the$500,000.00 in grant funds awarded by the North Carolina <br /> Department of Commerce("Commerce")for a building reuse grant,•Governmental Unit <br /> acknowledges and agrees that it is liable to the State'for any grant funds that must be <br /> repaid under the Grant Agreement or.Legally Binding Commitment, including(without <br /> limitation),any required repayments due to the property owner's failure to create and <br /> maintain jobs,which could include the full amount of the grant. Governmental Unit i <br /> acknowledges that its liability to Commerce arises whether or not it is able to collect any <br /> repayment from the property owner under the Legally Binding Commitment,but still <br /> elects not to obtain a deed of trust on the subject property. <br /> Please fill in the box below: <br /> R <br /> i <br /> Governmental Unit Name: Oranue Countv <br /> By(Signature): <br /> Printed Name: <br /> J1 <br /> Title: } $ HI <br /> Date: ( <br /> Deed of Trust Documentation- 1 <br />