Agenda - 05-21-2002 - 9c - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: May 21, 2002 Action Agerga Italian Nu. SUBJECT: Orange County HOME Consortium Agreement DEPARTMENT: Housing/Community Dev. PUBLIC HEARING: (YIN) Np ATTACHMENT(S): INFORMATION CONTACT: Resolution Tara L. Filets,ext. 2490 HOME Consortium Agreement TELEPHONE NUMBERS: Hillsborough 7324181 Chapel Hill 968-4501 Durham 6884331 Mebane 336-227-2031 PUi o adopt a resolution authorizing the execution of a HOME Consortium Agreement for the period July 1, 2002 through June 30, 2005. BACKGROUND: In August 1992, the Orange County HOME Consortium was formed by mutual consent of the towns of Conbom, Chapsl Hill, and Hillsborough and Orange County. The County is designated as lead entry and thus responsible for program administration. At that time, the elected bodies of the member governments approved a Consortium Agreement. Renewal agreements were executed in June 1996 and August 1999. It is now time to renew the current agreement for another three year period (July 1, 2002 through June 30. 2005) in order to continue to participate in the HOME Investment Partnership Program. The HOME Program Review Committee, comprised of the Manager or his designee and one elected official from each jurisdiction, has discussed renewal of the HOME Program Consortium Agreement and a new Agreement has been prepared which is in the forth of the Original Agreement and subsequent amendments and renewals with one exception in Section III. Paragraph H. The percentages for matching funs have been recalculated in accordance with Census 2000 population figures, thus yielding different percentages. The difference is as follows: Previous Match Percentage Emispaed Match Percentage Orange County 42% 40% Cariboro 12% 14% Chapel Hill 41% 41% Hillsborough 5% 5% The Affordable Housing Advisory Board has also reviewed the Agreement and had no comments.