HomeMy WebLinkAboutAgenda - 05-18-1993 - VIII-A 1
ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No. ViIL-A
ACTION AGENDA ITEM ABSTRACT
Meeting Date: May 18, 1993
SUBJECT: Efland CDBG Application - Financial Contribution
DEPARTMENT: Housing/Community Dev. PUBLIC HEARING YES: NO: x
ATTACHMENT(S) : INFORMATION CONTACT: Tara L. Fikes
TELEPHONE NUMBER-
Hillsborough - 732-8181
Chapel Hill - 968-4501
Mebane - 227-2031
Durham - 688-7331
PURPOSE: To authorize a financial commitment of an amount not to
exceed $130,000 to the Efland CDBG Project and authorize
the Chair to sign a letter of commitment to the N.C.
Department of Commerce on behalf of the Board.
BACKGROUND: The N.C. Department of Commerce requires all applicants for
CDBG funding under the Community Revitalization category to
contribute local funds to the proposed project. This
contribution must be in the form of cash and must come from
the County general fund. No in-kind contributions are
recognized under this requirement.
As you may recall, the Board of County Commissioners
approved a total of $125,000 in local funds for the Rencher
Street CDBG project awarded in 1988. Activities in this
project included housing rehabilitation, relocation of
families from dilapidated property, water/sewer
improvements and street improvements. Further, the Board 1
authorized a contribution .of $130,000 to this project
towards our FY1992 application which was unsuccessful.
County staff has investigated the level of financial 1
contributions of other County applicants in the state in
past years. Based on this research and other knowledge of
the State's ranking system, Orange County should contribute
an amount equal to roughly 20 - 25% of the total amount of
CDBG funds requested. The maximum amount of CDBG funds
available is $600,000, thus, a contribution of $130,000
would represent a 22% participation level.
These funds must be pledged at the time of application by a
letter of commitment but would not have to be budgeted
until the project is funded. Therefore, if the CDBG
application is successful, these funds could be budgeted in
the subsequent budget years
2
No community in the State of North Carolina has received
CDBG funding without making a financial contribution.
Therefore, a financial commitment form the County is
essential in designing a competitive application. County
funds would not be required until FY 94-95 at the earliest.
RECOMMENDATION(S) :
The Manager recommends that the Board authorize a financial
commitment of an amount not to exceed $130,000 to the
Efland CDBG Project, with staff to develop recommendations
during the next year on financing the County share from
either operating or capital funds; and authorize the Chair
to sign a letter of commitment to the N.C. Department of
Commerce on behalf of the Board.