Agenda - 11-19-2002 - 8d - Laserfiche WebLink

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Attachment 3 Community Development Block Grantllndividual Development Account Program Grant Project Ordinance Be it ordained by the Orange County Board of County Comina the follow ng grant project ~stion 13.2 of Chapter 159 of the General Statutes of North Caro , hereby adopted. Section 1. The project authorized is the Com c ount Programmas awarded to Orange County (CDBG)/Individual Development A Housing and Community Development by thedNto~match first-tDime homebuyer Commerce. Funds from this grant will be us participants' savings for a down payment to purch\a 80 ~ of the area med an inlcfomer this match, homebuyers must have incomes belo Section 2. The officers of the County are hereby directeda o s of the North Carol naroject within the grant document, the rules and regu Department of Commerce. Section 3. The following revenue is anticipated to be available to complete this project: A amt 1'~.a~ $40, 000 Ir~rergozernrreyrtal -CDBG (Indizidr~al Derela[rmmt $40,000 Transfer fromAffordable Housir~Reser~e (02-03) $80,000 Teal Section 4. The following amount is appropriated for this project: Human Se rvice.r - Individual L~ ve hpme nt~co unt Program $80,000 Section 5. The finance officer is hereby directed to maintathe accountingrto the grantor agency specific detailed accounting records to provide required by the grant agreement and federal and state regulations. Section 6. Funds may be advanced from the Gen is shou df betmade to the grantor agency in payments due. Reimbursement reque an orderly and timely manner. Section 7. Copies of this grant project ordinance shall be made available to the finance officer for direction in carrying out this project. Section 8. No full-time equivalent County positions are related to this grant. Section 9. This ordinance supersedes p{ A~~ ount ProgramyGrantl Pro ect Ordinances for Grant/Individual Developmen Orange County Government. Section 10. This project period goes through June 30, 2003. Adopted this 19th day of November 2002.