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January 11, 1999 <br /> <br />ICASAaR SCOU I <br /> <br />NORTM CAROLINA <br /> <br />Richard Smith-Overman <br />Housing Rehabilitation Officer <br />NC Housing Finance Agency <br />NC Housing Trust Fund <br />3801 Lake Boone Trail, Suite 200 <br />Raleigh, NC 27607 <br /> <br />Re: Bonding/Honesty & Fidelity Insurance Coverage <br />Dear Mr. Smith-Overman: <br /> <br />Cabarrus County maintains a self-insurance fund in an amount adequate to provide <br />honesty and fidelity coverage equal to 50% of the URP funding allocation. We will notify <br />the NCHFA in writing if the self-insurance is discontinued or reduced to a level that no <br />longer provides the required 50% coverage. <br /> <br />Sincerely, <br /> <br />Blair D. Bennett <br />Deputy County Manager <br /> <br />cd <br /> <br /> Department of Aging <br /> <br />P. o. Box 707 , Concord. NC 28026-0707 , (704) 788-9899 ,. Fax (704) 788-9849 <br /> <br /> <br />