A RESOLUTION MODIFYING THE 2005-2006 COMMUNITY DEVELOPMENT BLOCK GRANT PROGRAM (2007-03-26/R-7)

WHEREAS, on May 9, 2007 the Chapel Hill Town Council approves a 2005-2006 Community Development Block Grant spending plan; and

WHEREAS, the 2005-2006 Community Development Block Grant program includes an allocation of $100,000 to Orange Community Housing and Land Trust for acquisition of property, demolition or renovation (if necessary or appropriate), and/or to reduce the sales price of homes in the Northside neighborhood; and

WHEREAS, the Orange Community Housing and Land Trust has requested to use these funds Town-wide;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the 2005-2006 Community Development Block Grant allocation to Orange Community Housing and Land Trust for acquisition of property, demolition or renovation (if necessary or appropriate), and/or to reduce the sales price of homes Town wide. 

This the 26th day of March, 2007.