Agenda - 11-15-2005-9e - Laserfiche WebLink

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3 Orange County Housing and Community Development Date: November 4, 2005 To: Orange County Board of Commissioners John M, Link, Jr., County Manager From: Project Review and Selection Committee Subject: Land Banking Application dated September 9, 2005 The Project Review and Selection (PRS) Committee has reviewed the above referenced application regarding the purchase of property on Purefoy Road in the Rogers Road community in Chapel Hill, The following details the committee's recommendation for bond funding for this project based on the original application, the past-review recommendation conference, and additional application material dated October 20, 2005. The Committee met with Susan Levy, Executive Director of Habitat for Humanity on October 25, 2005 and shared the following recommendation,. Specifically, the Committee recommends providing bond funds for this land acquisition in the amount of $205,000 with the following conditions. 1. There should be formal evidence of an agreement with the seller regarding the disposition of the two lots that are currently planned far resell to the owner once Habitat has subdivided the lots, The agreement must consider the consequences of purchase and non-purchase in a manner that ensures that the current tenant is not displaced without adequate replacement housing. 2. Habitat should seek community involvement in the planning of the proposed housing development on the site,. Additionally, all bond awards require, at a minimum, an appraisal, title opinion, a site inspection, and survey as well as a satisfactory Phase I environmental report, before the award can be granted.. We have received the title opinion and environmental report and they are currently under review by county staff- If you have additional questions, please feel free to Tara L.. Fikes, Housing/Community Development Director.