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Commissioner Carey: What kind of line is on the easternmost part of the property? Is that an easement going up and coming down? Robert Davis: That's a Duke Power utility easement that's existing. It's in my report, I didn't mention it. They are going to request that that line be relocated probably along the right-of-way, so that the lots won't be encumbered by power easements. They would have to get encroachment agreements from DOT on that. David Rooks: I'm the attorney representing the applicant in this case. I have not been sworn, and I'm not going to testify. I am here as part of the Lawyer Relief Act of the State Bar in adopting rules with respect to project judicial proceedings, which said that folks can't be their own advocates, they have to have a lawyer to come. So, I'm simply here being a traffic cop. I am pleased to represent the applicant near School House Road Partners, LLC, and their members are here tonight. Immediately to my left is Mr. Bob Barrett, further to my left is Mr. ?? Edwards, and then behind me is Mr. Anthony Hughes. They are the principles in the School House Partners, LLC. They have this property under option from the family that owns this. The things that makes me want to be here is that this is an affordable housing project and they are coming here targeting houses that will be affordable to folks up to 80% or lower median family income, which we all know we need desperately here in Orange County. At the end of the presentation I will say more if necessary, but at this point I'm going to turn it over to Mr. Bob Barrett, who is going to make a principle presentation for the applicant. Bob Barrett: I have been sworn. Thank you very much for seeing us tonight. I'm with School House Road Partners. We've been working on this project. We conceived it in October of 2006 and have been working with the Planning Department, who has been doing a very diligent job in working with us to get through the project and to deliver the things that are necessary for approval. One of the things that I'm going to be presenting to you at this time is the need for workforce affordably-priced housing in Orange County. I brought along some information that I'd like to pass out to the Planning Board and Commissioners. What you're receiving is the most recent analysis from the Triangle MLS, which does a summary market update every quarter. This is the full report, what I've provided for you is the information that's regarding Orange County specifically. If you'll see on the first page, it's very simple, there's not a lot here. The comparison for single and multi-family homes sold in this first half of the year in Orange County. Comparing the average price of homes in Orange County, you can see that we're currently, this is the most recent information, at $342,740 for an average priced home in Orange County. You can see from the other counties that are listed there that there are much more affordably-priced houses around us. This pretty much explains the whole purpose of this project. We're here to provide housing for people who want to not only work in Orange County, but also live in Orange County. Further, if you will turn to the second page, where Orange County is highlighted further down on that, you'll see in the houses that have been available for sale in Orange County in this price range, which we are targeting $150,000 to under$200,000, you will see that over the last three years, well actually in the last year between the first half of '07 and the first half of'08, we've had a 56% drop in houses that have been built and made available in this price range. It's not getting any better; it's getting a lot worse, and we're trying to do something about it. The houses, if you've seen in our other presentation, will be on average three-bedroom, two-bath homes, with a garage. We're trying to do everything that we can to provide everything for this priced house. These will include all appliances, and we are working at becoming an extremely energy efficient community for each of the homeowners. We've also worked on finding affordable financing for this. There's the USDA loan program