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DISCUSSION AROSE ABOUT WHO DOES THE ACTUAL WORK ON THE DEVELOP- <br />MENT, AND MR. ATKINS STATED THAT SOME COUNTIES HAVE DONE MOST OF THE <br />WORK; SOME HAVE CONTRACTED OUT; AND IN SOME THERE HAS BEEN A MIXTURE. <br />HE NOTED THAT IF A CONTRACTOR GOES OVER THE AMOUNT SET AS A GUIDELINE <br />BY FMHA, THE SITE WOULD NOT BE ELIGIBLE FOR FMHA MORTGAGE LOANS: <br />COMMISSIONER SIEBERT FELT IF THE COUNTY DEVELOPS THE SITE, <br />IT WOULD REDUCE THE LAND COST CONSIDERABLY, WHICH IS WHAT WE ARE AIMING AT. <br />CHAIRMAN WODTKE DISCUSSED USING $200,000, FOR INSTANCE, TO <br />PURCHASE A SITE AND DEVELOP IT COMPLETE WITH ROADS, SEWER AND WATER, <br />DRAINAGE, ETC., AND THEN SELLING IT EITHER TO AN INDIVIDUAL OR A DEVELOPER. <br />HE NOTED THAT THE COUNTY DOES ALL THIS WORK AND THEN.THE BUYER DOESN'T <br />HAVE TO BORROW AT 11% OR 12% TO DO IT. <br />MR. ATKINSON STATED THAT INDIVIDUAL LOTS MUST BE OFFERED TO <br />ELIGIBLE INDIVIDUALS FOR THE FIRST 3O DAYS. AFTER THAT YOU CAN OFFER <br />TO A DEVELOPER. THIS IS RELATED TO SINGLE FAMILY, BUT THE MONEY SAVED <br />ON DEVELOPMENT COSTS CAN BE PASSED ON TO EITHER RENTERS OR HOME OWNERS. <br />THE COUNTY SAVES MONEY BY BEING ABLE TO BORROW AT 3%, AND THE MORE MONEY <br />THE COUNTY CAN SAVE FOR THE PURCHASER, THE BROADER IS THE RANGE OF <br />HOUSING THAT CAN BE MADE AVAILABLE. <br />FINANCE OFFICER BARTON INQUIRED ABOUT DEED RESTRICTIONS AS TO <br />WHAT IS TO BE BUILT, AND PSR. ATKINSON POINTED OUT THAT IN DEALING WITH <br />FMHA THERE WILL BE A LOT OF RESTRICTIONS BUILT IN, THE DEVELOPER CAN'T <br />JUST BUY THE LAND AND DO WHAT HE WANTS TO WITH IT BECAUSE IT HAS TO <br />QUALIFY UNDER THE 5O2 SINGLE FAMILY PROGRAM OR 515 MULTI -FAMILY PROGRAM, <br />COMMISSIONER LYONS QUESTIONED WHAT WOULD HAPPEN IF THE COUNTY <br />WEREN`T ABLE TO SELL THE PROPERTY. MR. ATKINSON STATED THAT THEY HAVE <br />NOT HAD ANY DEFAULTS SO FAR, BUT FELT.THE THREE YEARS WOULD BE EXTENDED <br />IF THERE WERE ANY PROBLEM, <br />COMMISSIONER SIEBERT DISCUSSED THE POSSIBILITY OF SELECTING <br />YOUR*DEVELOPER BEFORE YOU MAKE THE IMPROVEMENTS SO YOU CAN DO THEM IN <br />ACCORDANCE WITH WHAT THE DEVELOPER PLANS TO PUT ON THERE. <br />COMMUNITY DEVELOPMENT DIRECTOR REGAN POINTED OUT THE TITLE <br />WILL BE IN THE COUNTY,SO WHATEVER RESTRICTIONS WOULD APPLY TO SELLING <br />COUNTY PROPERTY SHOULD APPLY IN THIS SITUATION, <br />51 <br />MAY 91979 <br />EOOK 40 PAGE 256 <br />