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A a NEIGHBORHOOD STABILIZATION PROGRAM/CDBG DEPARTMENT OF COMMUNITY AFFAIRS 3 ACTIVITY WORK PLAN RECIPIENT Indian River County DATE PREPARED August 5, 2009 CONTRACT NO. 10DB-4X-10-40-01-F13 ACTIVITY BUDGET $ $4,680,825.00—Summary Pa 1 of 3 Date Start Date End Describe Proposed Action to be Undertaken or #Units to be Proposed Proposed Proposed (month& (month& Contract Special Condition completed by Administration Acquisition Acquisition 3 year) year) Clearance Documentation "Date End" Regular NSP NSPL.I $$to Regular NSP$$ to be submitted by"Date End" $$to be be Requested to be Requested Requested by by"Date End" by"Date End" "Date End" Complete Environmental Review, Submit Request Aug 2009 Oct 2009 for Release of Funds&Environmental Conditions& 0 0.00 0.00 0.00 Obtain Release of Funds Sept 2009 Oct 2009 Submit Documentation to Clear Special Conditions 0 0.00 0.00 0.00 A Solicit for, Select and Contract with Companies to Sept 2009 Nov 2009 Carry Out Due Diligence Elements(Appraisals,Title 0 $ 30,000.00 0.00 0.00 Searches, Mold Inspections,etc.. Oct 2009 Dec 2009 Solicit For Homes to Acquire and Secure Option 0 $ 40,000.00 $ 20,000.00 $ 120,00.00 Contracts Oct 2009 Dec 2009 Solicit for, Select and Qualify Homebuyers& 0 0.00 0.00 0.00 Tenants Nov 2009 Feb 2010 Perform Due Diligence(Appraisals,Title Searches, 0 0.00 $ 30,000.00 $ 30,000.00 Mold Inspections,etc..) on Properties Jan 2010 Mar 2010 Acquire Properties from REO's 0 0.00 $ 700,000.00 $ 2,000,000.00 Prepare Work Write-ups, Sid Out Renovations, Feb 2010 Apr 2010 Award and Execute Renovation Contracts, Issue 0 $ 30,000.00 0.00 0.00 NTP to Renovation Contractors Mar 2010 June 2010 Renovate Properties 0 $ 50,000.00 0.00 0.00 Mar 2010 July 2010 Homebuyers complete required counseling course 0 0.00 0.00 0.00 A ri12010 July 2010 Final Inspection/Punchlist/Construction Complete 0 $ 30,000.00 0.00 0.00 Sell properties to qualified homebuyers, Lease 20 Housing $ 57 296.00 0.00 0.00 May 2010 Au 2010 -Properties to Qualified Tenants Units Se t 2010 Oct 2010 Submit Administrative Closeout 0 $81,000..00 0.00 0.00 Note: More than one activity may be included per form. (Rev.Aug 2004)