HomeMy WebLinkAbout1999 S Agereement - Housing HOME Program Creel Street NORTH CAROLINA
ORANGE COUNTY DEVELOPMENT AGREEMENT
This is an AGREEMENT ADMENDMENT between ORANGE COUNTY, a general
local governmental unit of the State of North Carolina, (hereinafter referred to as the
"County") and EmPOWERment, Inc., a North Carolina nonprofit corporation (hereinafter
referred to as "EmPOWERment"). The date of this Agreement is January 19, 1999.
WITNESSETH
WHEREAS, the Orange County HOME Consortium has expended $16,000 in FY
1992 HOME funds for the purpose of acquiring the property more particularly described in
Exhibit A attached hereto and made a part of this Agreement (hereinafter referred to as the
"Property"); and
WHEREAS, the County is the lead entity of the Orange HOME Consortium, so
designated in an agreement dated August 27, 1992, and amended January 26, 1993, and
July 28, 1993, and as such is the lead entity in a representative capacity for all members of
the Orange HOME Consortium for the purposes of carrying out the HOME Program in
accordance with the Title II of the Cranston-Gonzalez National Affordable Housing Act
(Pub. L. 101-625), (42 U.S.C. 3535(d.) et. seg.) (hereinafter referred to as the "Act"), and
as further defined in the Federal Program Requirements provided by the U.S.
Department of Housing and Urban Development; and
WHEREAS, EmPOWERment intends to develop the Property for the purpose of
constructing homeownership opportunities for first-time homebuyers.
WHERAS, the County entered into a Development Agreement with
EmPOWERment, Inc. on November 18, 1997;
NOW, THEREFORE, the County and EmPowerment agree that Paragraph 2 is
amended to read as follows:
1. EmPOWERment agrees to accept conveyance of the Property and then to
market the Property, construct a single family home on the Property for the
selected buyer and complete the sale of the Property to the selected buyer on or
before June 30, 1999. The sales price of the Property to the selected buyer shall
not exceed the North Carolina Housing Financing Agency maximum new home
sales price in effect at the time of the sale to the selected buyer.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have set
their hands and seals on the day and year first above written.
COUNTY OF ORANGE, NORTH CAROLINA
v
Alice M. Gordon, Chairman
Orange County Board of Commissioners
ATTEST:
Beverly A. BI e
Clerk to the Board of Commissioners
NORTH CAROLINA
ORANGE COUNTY
This is to certify that on this day personally came before me Beverly A. Blythe,
with whom I am personally acquainted, and being by me duly sworn, says that Alice M.
Gordon, is the Chairman of the Orange County Board of Commissioners, and that she
the said Beverly A. Blythe, is the Clerk to the Board of Commissioners of the County of
Orange, the body politic and corporate named within and which executed the foregoing
instrument; that she knows the common seal of said County; that the seal affixed to said
instrument is said common seal; that the name of Orange County was subscribed
thereto by the said Chairman of the Orange County Board of Commissioners and that
the said Chairman of the Orange County Board of Commissioners and said Beverly A.
Blythe subscribed their names hereto and said common seal was affixed, all by order of
the Board of County Commissioners of Orange County and that said instrument is the
act and deed of Orange County.
Witness my hand and notarial seal, this the `/y'h day of , a 1999.
Notary Public
My commission expires: /o -3 - 1?9
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EmPOWERment, Inc.
(SEAL)
President
Board of Directors
ATTEST:
Secretary
Board of Directors
NORTH CAROLINA
ORANGE COUNTY
M,�C6AJ
I, Notary Public in and for the above named County
and State, do hereby certify that on this day personally appeared before me
,kA1 with whom I am pers nall acquainted, who, being by me duly sworn,
says thatshe is Secretary and that �In 5 is President of EmPOWERment, Inc., a
North Carolina corporation, and that by authority duly given and as the act of the corporation,
the foregoing instrument was signed in its name by its President, sealed with its corporate seal
and attested to by its Secretary.
Witness my hand and notarial seal, this the 29 'day of 1999.
1,0E �
OTARY
Notary Public
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My commission expires: (
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