A RESOLUTION AUTHORIZING THE MANAGER TO EXECUTE A NEW HOME CONSORTIUM AGREEMENT FOR THE ORANGE COUNTY HOME PROGRAM (2008-06-09/R-9)

WHEREAS, on July 6, 1992, the Council approved the participation of the Town of Chapel Hill in the Orange County HOME Consortium; and

WHEREAS, Chapel Hill, Orange County, Carrboro and Hillsborough are currently members of the Orange County HOME Consortium established on August 3, 1992; and

WHEREAS, on May 13, 1996, the Council authorized the Manager to execute a new HOME Consortium Agreement for the Orange County HOME Program from July 1, 1996 through June 30, 1999; and

WHEREAS, on July 7, 1999, the Council authorized the Manager to execute a new HOME Consortium Agreement for the Orange County HOME Program from July 1, 1999 through June 30, 2002; and

WHEREAS, on June 10, 2002, the Council authorized the Manager to execute a new HOME Consortium Agreement for the Orange County HOME Program from July 1, 2002 through June 30, 2005; and

WHEREAS, on June 25, 2005, the Council authorized the Manager to execute a new HOME Consortium Agreement for the Orange County HOME Program from July 1, 2005 through June 30, 2008;

WHEREAS, the Orange County HOME Consortium desires to continue to be considered for eligibility under the federal HOME Program operated by the U.S. Department of Housing and Urban Development as authorized under the HOME Investment Partnership Act, as amended;

NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill that the Council authorizes the Manager to execute a new HOME Consortium Agreement for the Orange County HOME Program for the period of July 1, 2008 through June 30, 2011. 

This the 9^th day of June, 2008.