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November 13, 1997 <br /> <br />ICABARRUSCOUNPrl <br /> <br />~0818CASOLINI <br /> <br />MEMORANDUM <br /> <br />TO: Board of Commissioners <br />FR~R~M:AlloF~aliffn oW; ff2iuftn°~'~r'w~d°~n~Yd ~o;nagAff;~roject <br /> Community Development Corporation <br /> <br />with the Cabarrus County <br /> <br />It is proposed that the property highlighted on the attached plat be made available to the Cabarms <br />County Community Development Corporation for use in developing affordable housing opportunities <br />for county citizens. The exact method of conveyance will be established through deed restrictions <br />and tied to some value that will be created on the County's matching dollar share for State/Federal <br />Community Development project funds. <br /> <br />Based on Commission endorsement of the concept, County staff will establish methodology and <br />contractual procedures for this process to occur. If the project is successful, we will evaluate other <br />opportunities. <br /> <br />Your approval of the concept is requested. <br /> <br />FWC/sb <br /> <br />Attachments <br /> <br /> Office of the County Manager <br /> <br />P. 0 Box 707 ,, Concord, NC 28026-0707 o (704) 788-8100 · Charlotte 375-0829 <br /> <br /> <br />