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13 <br /> RESOLUTION <br /> Whereas, Orange County has received a FY 2001 Community <br /> Development Block Grant (CDBG)Award for the Individual Development <br /> Account Program in the amount of$40,000 from the N.C. Department of <br /> Commerce on June 15, 2001; and <br /> Whereas,these CDBG funds will be used to provide match funding for the <br /> savings of a first-time homebuyer participating the local IDA Program at a 2:1 <br /> ratio; and <br /> Whereas,the Orange County Board of Commissioners approved the <br /> execution of the Grant Agreement, Funding Approval; and Signatory Form and <br /> Certification by the Chair of the Board on September 3, 2002; and <br /> Whereas,throughout grant implementation, the N.C. Department of <br /> Commerce will require the execution of additional documents including <br /> administrative and performance contracts as required by the Grant Agreement <br /> and Funding Approval approved by the BOCC. <br /> NOW, THEREFORE, be it resolved, that the Orange County Board of <br /> County Commissioners hereby authorize the Chair of the Board to execute all <br /> documents required by the N.C. Department of Commerce 7- Division of <br /> Community Assistance for the implementation of the FY 2001 Community <br /> Development Block Grant Award for the Individual Development Account <br /> Program. <br /> This, the 3rd day of September, 2002. <br />