Orange County NC Website
4892-4116-9314, v. 6 <br />Exhibit C <br /> <br />PROJECT BUDGET <br /> <br /> <br />Proposed Uses of Funds <br /> <br />Demolition, Predevelopment, Infrastructure and $950,000.00 <br />Site Improvement <br /> <br /> <br />Total Uses of Funds $950,000.00 <br /> <br />Sources of Funds <br /> <br /> <br />Orange County Capital Investment Plan $ 950,000.00 <br /> <br />Total Sources of Funds $ 950,000.00 <br /> <br /> <br />Community Housing Partners Corporation may not request disbursement of funds under this <br />Agreement until the funds are needed for payment of eligible costs. The amount of each request <br />must be limited to eligible costs as determined by the County’s Housing and Community <br />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 />DocuSign Envelope ID: 6723EB43-5934-4E1A-A173-E46F70EADEBB